For those who adhere to the investment adage, “Buy Low, Sell
High,” the Biden administration appears to be serving up a rare opportunity to
buy gold and silver when precious metal prices are down from previous year
highs and positioned for an historic advance.
In a weird rush of déjà vu, we can easily imagine we have
returned to the presidency of Jimmy Carter, experiencing once again the bizarre
phenomenon of stagflation. Like what
happened in the late 1970s, today’s economy is stalling while prices go through
the roof. Finally, Federal Reserve
chairman Jerome Powell has admitted that inflation today is not a temporary
phenomenon caused by the economy starting up again.
Inflation in the United States has rapidly moved into double
digits, close to the rarified high altitude of 14.8 percent that marked the top
of the Carter era hyperinflation. In
1979, then-Fed Chair Paul Volcker placed a lid on the money supply, raising
interest rates to a peak of 20 percent in June 1981 and driving inflation down
from a high of 14.8 percent in March 1980 to 2.5 percent three years
later. The pain of Volcker’s decisive
moves was that the U.S. economy suffered two punishing recessions.
The Biden administration’s penchant under the “Inflation
Reduction Act” to spend another trillion dollars in Modern Monetary Theory
deficit spending suggests we are not yet at the height of this new,
increasingly painful round of hyperinflation.
To make matters worse, with the escalating costs of energy and food
pounding the middle class, the United States has entered another recessionary
period of stagnant economic growth.
I first began working with Craig R. Smith, the Chairman
Emeritus of Swiss America Trading Corporation in 2005, when we co-authored Black
Gold Stranglehold: The Myth of Scarcity and the Politics of Oil – a
bestselling book that continues to sell briskly even today, nearly 20 years
after Craig and I first met. On every
website I have created since 2004, including this one, I have been honored to
represent Swiss America. Since 1982,
Swiss America has advised clients to diversify at least a small portion of
their assets in U.S. gold and silver coins for these four reasons: (1.)
Liquidity, (2) Safety, (3) Profit Potential, and (4) Privacy of Ownership … in
that order.
Precious metals increasingly viewed as a “safe-harbor”
investment in these uncertain financial times.
Walking Liberty Half Dollars are a very popular U.S. half-dollar coin,
minted in 90% silver between 1926-1947.
For a limited time, Swiss America is offering DrJeromeCorsi.com followers
a special offer of Walking Liberty Half Dollars at a price of $12.50 each,
including delivery. The Walking Liberty
Half Dollar special offer is limited to 250 coins per customer. To learn more:
This year, savvy investors must be prepared for rough
economic times, perhaps more treacherous than any financial turmoil we have
experienced in recent past decades. The
Biden stagflation may reach staggering double-digit levels as the Biden
administration’s Green Energy Agenda threatens to restrain U.S. production of
relatively inexpensive and amply available hydrocarbon fuels, including
gasoline and natural gas. To make
financial times even more uncertain, central governments worldwide, including
the Federal Reserve in the United States, are preparing to introduce digital
currencies aimed at creating cashless societies.
As a special offer, Swiss America is offering DrJeromeCorsi.com
followers the opportunity to receive Two Swiss America Special Reports to help
you prepare for what’s coming next. Real
Money Perspectives explains in an easy-to-understand manner the threat to
our purchasing power the Biden economic plan has created. The Secret War Against Cash warns that
of the federal government’s plans to ban cash by imposing regulations
prohibiting banks from allowing depositors to withdraw their dollars in cash.
