Will the U..’s center class become the “serf”, and disappear? s Many economists think that restoration of the overall economy will not be possible for many years. The average American spouse is economically less than an attacker when you add inflation, low unemployment, and lower incomes. It will likely be the calm just before the storm, despite how much we may like to think about it. Jim Sinclair was a respected economist and precious metals expert who believed that the economic system would not see significant recovery for more time than the usual ten year period. According to Sinclair, the “center course” will end and gold prices for each ounce could rise to around $12,000. We can’t believe the “low balling” gold price predictions of Wall Street at $1700 an ounce. Ira Gold Bass
Let’s take a look at some financial predictors. This will allow you to distinguish the reality from the rhetoric, and help you make decisions that will protect your family against the monetary woes many Americans will encounter in the near future.
Let’s begin in Europe. The eu Union aims at keeping afloat economies such as Italy, Portugal, Spain, and Spain. This European Union has reached a critical point. It’s headed for the Euro. Germany is to inject money into Greece in an effort to stop the nation’s collapse. Germany accepted the offer, knowing that Greece would make the necessary adjustments to fix their failing economy. A year later, Greece is in dire need of additional funds. Furthermore, the German citizens are seeing their hard earned tax money heading to some other state, where they refuse to make any changes to their financial lives. Even worse, Greece is not going to want the money from the European Union. Instead, they will go bankrupt and default their own credit card debts, rather than make the lifestyle changes required. Italy, Spain, Portugal, and Spain all stand by Greece and prefer to default on their own loans rather than being forced to obtain funds from the European Union. In the past, the weaker European economies kept the Union’s power intact. The EU is now in crisis. It will also be revealed that there are many countries and cultures around the world with different values, languages, beliefs, and locations to keep this fragile union intact. The Euro is at risk because the eurozone’s economic system is in turmoil. The flight to gold and/or silver would result from this crisis.