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  Tuesday September 16th, 2014    

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  (ARCHIVES)Back to Current
The Alchemist (04/20/2008)
By Al Thomas
SOLVING THE FINANCIAL CRISIS

Without giving much thought to it you know that every time the government has decided to "help" us little guys they have made the problem worse. Their solution in almost every case is to throw money at it. Taxpayer money, our money.

Our school system is not teaching kids the basics they will need to make a living. The health care system is catastrophic. Social Security is not at all what it started out to be in the 1930's. The Federal Reserve has done nothing but devalue the dollar and create inflation.

You don't agree? Better go back in history and do some non-political research. You can't believe either the Democrats or the Republicans. Politicians make promises they know can't be kept and don't care because they won't be there when the brown stuff hits the fan.

Let's start with the one who caused this financial mess - the

Federal Reserve. First of all they are NOT federal. It is a private corporation owned by (guess who?) - the major banks. And guess who they will bail out first.

There is a fascinating and easy to read book that tells the whole truth about the Fed formation and intention. The library has a copy.

It reads like a detective story. I doubt if many Congressmen have read it. A hundred years ago the people behind the Fed and all the other central banks planned to take over the world. And they are doing it. Too long to explain here. Get "The Creature from Jekyll Island" by G. Edward Griffin.

For years my readers know I have been more than a little suspect of derivatives. A plain old mortgage is not a derivative when it is held by the bank or an individual, but when all those mortgages are packaged together they change form. Even the most

sophisticated investors, pension funds, hedge funds and bankers did not know what they were buying.

So what is the solution? The usual. Throw money at it. And what is that going to do? Delay the ultimate catastrophe.

Financial problems like this are best left alone. Yes, banks will fail and shareholders of the bank stock will lose money. When an investor buys stock in any company he runs the risk of loss. What the Fed is doing as well as all the other world banks is passing along the problem to taxpayers by diluting the currency of the country. As usual.

That is why gold has been going up for the last few years and will continue to do so. Shrewd investors are putting a portion of their funds into an asset that will always have value when the paper money goes to zero.

Washington does not have a solution and never will because it will be politically motivated. Rhetoric and bad new laws is all we will get.

Whatever they come up with will cost taxpayers (you and me)money. Al Thomas' best selling book, "If It Doesn't Go Up, Don't Buy It!" has helped thousands of people make money and keep their profits with his simple 2-step method. Read the first chapter and receive his market letter at no charge on www.mutualfundmagic.com to discover why he's the man that Wall Street does not want you to know. Copyright 2008 All rights reserved.

 

 

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