With even the official jobs numbers failing to meet estimates and expectations, the Federal Reserve headed by Jerome Powell has promised to benevolently lower rates of interest to be sure the economy which runs largely on debt and borrowed money, can continue unabated.
Before anyone thinks this really is some form of reprieve through the How To Protect Your IRA, people should check out the truth that the buying price of gold has risen approximately the same % because the Dow Jones because the Fed Reserve made its dovish statements.
Actually, there’s many reasons to consider that most of the world central banks coming together concurrently and minimize interest levels will not be an indication of good things in the future, but the official end of the road for financial markets artificially propped up and inflated by easy money, money printing, and market interventions.
Will be the USA the New Japan?
Japan’s experiments with low interest levels has succeeded in delivering GDP growth at about – 1% each year because the early 90’s. Indeed, the constant lowering of interest rates considering that the early 60’s ultimately failed when Japan disappointed the entire world which had previously expected it to become the prime contender using the USA.
With so many of current modern countries having interest rates already below the official rate of global inflation already, it’s becoming readily apparent that this is simply yet another stall tactic until the entire global economic and monetary system resets.
Keeping this in mind, savers, retirees, 401k and IRA holders will all desire to position themselves accordingly while the times remain “good”, because one there’s blood in water, the sharks will swarm and several accounts won’t survive the feeding frenzy.
For this reason you prepare today for what is guaranteed to come. There has never been a world reserve currency which has lasted forever, and with so many real economic indicators showing a downturn in the economy- record degrees of personal, corporate, and government debt; low trading volume, low money velocity through the real economy, lack of auto purchases, record auto loan defaults, lower manufacturing orders, lower job creation numbers, reduced savings for your middle-class- it’s only a point of time ahead of the bottom falls out from under the financial system.
Perhaps not today. Perhaps not tomorrow. However you can’t print money forever while layoffs are increasing exponentially, Recession inside the real economy is decreasing, now even President Trump is asking wphxrd more QE (quantitative easing), as he once known as the stock markets fake during his candidacy for office.
And it’s no wonder then that the buying price of gold has broken from its recent lows to make surges during all this financial manipulation and tom-foolery, and the sky’s the limit for folks willing to grab silver and gold for 401ks or IRAs.