It's time to be truthful to ourselves

Eric Fry wrote for The Daily Reckoning in his essay Beauty is Truth the following. I have chosen a couple paragraphs from this essay. It really should make us sit up and wonder “Man, o’ man – I better buy gold. I better watch gold supply and demand. I better investigate today’s gold news. Here is what Eric had to say:

“This "system" won't work. It is not a system at all. It is half fairy tale, half scam. America's budget deficit, at 13% of GDP, is nearly identical to Greece's. And America's accumulated debts - at 86% of GDP - do not trail very far behind Greece's at 112% of GDP. But that comparison is hardly comforting. In absolute terms, no debtor can compare to America.

AND:

Despite the severity of America's indebtedness, most people in positions of power refer to this disaster as if it were merely a broken water pipe. "We really should fix it," they say, as if we could turn a valve here or replace a gasket there and get everything running smoothly again. But no quick fix is possible. In fact based on the numbers, no long fix is possible either.

This, too, is a lie...and it's not pretty.” Here is the link. Call us today at Lear Capital!