With even the official jobs numbers failing to meet estimates and expectations, the government Reserve headed by Jerome Powell has promised to benevolently lower rates of interest to guarantee the economy which runs largely on debt and borrowed money, can continue unabated.
Before anyone thinks this really is some type of reprieve through the Protect Your Retirement From Market Crash, people should take a look at the reality that the cost of gold has risen approximately the same % because the Dow Jones considering that the Fed Reserve made its dovish statements.
In fact, there’s many reasons to believe that lots of the world central banks coming together simultaneously and reduce interest levels is not an indication of great things in the future, nevertheless the official end of the road for stock markets artificially propped up and inflated by easy money, money printing, and market interventions.
Will be the USA the newest Japan?
Japan’s experiments with low rates of interest has succeeded in delivering GDP growth around – 1% annually since the early 90’s. Indeed, the constant lowering of interest rates considering that the early 60’s ultimately failed when Japan disappointed the planet which had previously expected it to get the prime contender with the USA.
With the amount of of current modern countries having interest levels already beneath the official rate of global inflation already, it’s becoming readily apparent that this is simply an additional stall tactic up until the entire global economic and monetary system resets.
Keeping this in mind, savers, retirees, 401k and IRA holders will all desire to position themselves accordingly while the times remain “good”, because one there’s blood in water, the sharks will swarm and many accounts won’t survive the feeding frenzy.
For this reason you prepare today for which is sure to come. There has never been a world reserve currency which has lasted forever, and with the amount of real economic indicators showing a downturn in the economy- record degrees of personal, corporate, and government debt; low trading volume, low money velocity with the real economy, absence of auto purchases, record auto loan defaults, lower manufacturing orders, lower job creation numbers, reduced savings for the middle-class- it’s only a point of time prior to the bottom falls from beneath the financial system.
Perhaps not today. Perhaps not tomorrow. But you can’t print money forever while layoffs are increasing exponentially, How To Protect Your IRA within the real economy is decreasing, and today even President Trump is asking wphxrd more QE (quantitative easing), as he once referred to as stock markets fake during his candidacy for office.
And it’s no surprise then that the buying price of gold has broken from its recent lows to create surges during all this financial manipulation and tom-foolery, and the sky’s the limit for folks willing to pick up precious metals for 401ks or IRAs.