-- Posted Monday, 1 October 2012 | | Disqus
And the Winners Are:
The Media: An amount in excess of $5 Billion (estimated) will be spent by both parties for advertising in the presidential and congressional elections.
Wall Street: Wall Street firms will benefit because they have contributed heavily to BOTH presidential candidates and many congressional candidates.
Lobbyists: They collect large fees for moving hundreds of millions of dollars from corporations and other organizations to the candidates.
And the Loser(s) Are:
If you are reading this, you already know. Consider:
- Check the costs for gasoline, food, taxes, and medical care that you are currently paying. They will increase during the next few years.
- How much interest are you earning on savings and money market accounts? Even if interest earnings increase from their historically low rates, they are unlikely to keep pace with inflationary price increases.
- Bernanke just initiated what many writers are calling “Quantitative Easing to Infinity.” This will benefit the financial community, but will it benefit the overall economy and the rest of us? And, what will be the hidden costs to the average household?
Conclusion
The heavy contributors will receive something in return for their contributions. If you have NOT made a substantial investment in a Congressperson, Senator, or President, then I urge you to protect your remaining assets with inflation hedges such as gold, silver, and ETFs for gold, silver, oil, related stocks, other commodities, and anything that will benefit from the continued money printing announced on September 13 by the Federal Reserve. In David Stockman’s words, invest in “ABCD – Anything Bernanke Can’t Destroy.”
For specifics on how to protect your remaining assets, read the article Maintain Your Purchasing Power – How and Where Should You Invest. These are not recommendations; they are possibilities that you may wish to consider.
For additional possibilities on investing your IRA or other retirement funds, read the article I Have an IRA. How Can I Invest in Gold and Silver?
GE Christenson
aka Deviant Investor
-- Posted Monday, 1 October 2012 | Digg This Article
| Source: GoldSeek.com
