|Have you heard Alan Greenspan’s latest warning?
Chances are: probably not. That’s because the mainstream media has largely chosen to ignore the distressing forecasts of a man who served under 3 presidents as Chairman of the Federal Reserve over a span of 20 years. In other words, no one is listening to theone guy who knows better than most when financial disaster is about to strike. And it’s not far off.
The powers that be want us to believe that the economy is fine. Just look at stocks. They’re up. Look at unemployment rates. They’re down.
WRONG! Greenspan is the only one pointing out the underlying fallacy here.Unemployment may be down, but so is productivity growth and GDP. So people are employed, but companies have little to show for it. How is that good for their stock price?
FACT: Productivity growth has been under 1% per year for the last 5 years! Is that how a healthy economy behaves?
But Greenspan has identified another troubling statistic. Capital investment is also grinding to a halt–less than 1% of GDP. Why? Because the Fed has set a precedent of printing money. Why should companies spend their precious profits when the Fed is handing out free money? Well, not exactly free. Those are your tax dollars!
The bottom line is that there is too much debt and not enough growth. The firestorm of financial calamity is hot on our heels. Greenspan has predicted that, when it hits, inflation could “quadruple the cost of living”.
So, if the public won’t take notice of the trouble brewing, what can you do? Mercifully (and ironically), the mainstream’s dismissal of these warnings and red flags actually creates an opportunity for savvy, proactive investors to thwart an attack on their savings and retirement. And even Greenspan, himself, has spelled it out…
“Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights.”
That’s right: that gorgeous yellow metal may be your salvation. Why?
- Gold has been a form of currency since the beginning of time.
- Gold has never been worth zero.
- Gold is up 300% over the past 15 years.
- When economies tank; historically, gold has skyrocketed!
Gold has the potential to hedge devastating losses in other markets and even grow your portfolio in an economic meltdown. And, best of all, many experts believe that gold is currently undervalued, but too few investors are taking action.
Get the facts! Instantly download this complimentary Alan Greenspan report and request a gold investor kit from Lear Capital, The Precious Metal Leaders. Be one of the few who heeds the warning signs, takes action, and protects his wealth.