Dear Friend,
Treasury Secretary Tim Geitner practically got laughed off the stage in China recently when he said China’s $768 billion of U.S. denominated assets were “very safe.”
The Chinese see the dollar’s in grave danger. So I want to know what YOU think about inflation coming down the pike …
• Our annual deficit is already at Great Depression levels, skyrocketing to nearly $1.5 TRILLION – 10% of our ENTIRE GDP – and growing…
• What is scaring China and Japan away from buying U.S. Treasuries (if they’re laughing, how long will they be buying?) …
• The Government is continuing to print money like there’s no tomorrow … President Obama even acknowledges our spending is “unsustainable” while pushing for TRILLION DOLLAR health care legislation …
• We’re already seeing oil, copper, gold and metals climb higher and higher in price …
All of this says to me that inflation – the economic tapeworm that consumes the value of our investment dollars — is charging towards us.
But good old Fed chairman Ben Bernanke wants us to believe the government can have its cake and eat it too – he says it doesn’t matter that we’re printing money like crazy because the Fed and Treasury are such economic geniuses they’ll be able to “avoid any inflationary consequences.”
So I’ve got to know what you think…
1. How worried are you that inflation is going to cut deeply into your wealth and savings? Or that we’re going to relive the inflationary horrors that drove interest rates up to 20% in April of 1980?
2. And do you think the government is really that good? Is Bernanke right that the government can print all the money it wants and still avoid inflationary consequences?
If inflation DOESN’T worry you … I’d love to hear what does concern you the most about your investments now and in the future.
Just let me know you’re out there and alive. Post your comments below.
Sincerely,
Charles Mizrahi
Editor, Hidden Values Alert
