5-21-2014 – COMMENTARY – BETH ANN BLOGGING & TALKING
JUST PINCH ME!
My guest today was Melody Cedarstrom of Discount Gold and Silver Trading. I shared with her an article titled, “Pinch Me! Europe Grew Faster Than U.S.”
The author Mark Thompson started out: European economic growth was weaker than expected in the first three months of 2014, but still managed to oupace the U.S. for the first time in three years.
Gross domestic product across the 18 countries in the eurozone grew at an annual pace of 0.9% in the first quarter, according to the European Union’s statistical office.
That compares with growth of 0.1% in the U.S. in the first quarter, when harsh winter weather was blamed for depressing exports, housing and business investment.
I WONDER WHEN WINTER WILL END?
Our national debt grows ever larger as does the unemployment lines across this nation. Our leaders are leading us down a path of destruction. A nation that is so instable economically is also weak militarily. Our taxes grow higher and the citizens grow poorer. We cannot rely on the elected official and we certainly cannot count on the federal reserve to bring us out of this “Long hard winter.” None of their solutions even begin to go down the path of commonsense.
Larry Summers is worried that the Federal Reserves’ efforts to stimulate the economy could end up doing damage; he stated, “Low interest rates could become a source if instability down the road.” He also mentioned that the Fed’s policies are likely making the income inequality problem in the U.S. worse, by helping wealthy Americans who hold the majority of stocks, more than the rest of the country. “A policy that works by pumping up asset prices is not going to be egalitarian.”
Melody and I discussed the “stimulus” ideas fall extremely short of truly “fixing” the economy or stimulated any productivity. Government regulations that bind businesses, taxing the citizens out of house & home, government subsidies to those who do not work.. all these practices do anything but stimulate the economy or grow our nation.
Since we can’t trust the ones in charge – it is up to us to take care of matters at home. Melody & her Discount Gold & Silver Trading aren’t there just to sell & buy gold & silver but she wants to help you with your plan to save & invest, in a way that meets your unique and personal needs.
Visit Melody – 1-800-375-4188 or go to www.discountgoldandsilvertrading.net
Be sure to follow Beth Ann on Twitter @CscBeth