What should you do with your “Economic Stimulus” government check?

First, you should realize that the “Economic Stimulus Package” is nothing more than another government boondoggle. They say they want you to spend the money to stimulate the economy. But the problems with the American economy are the results of too much spending in the first place. So this will be just like giving a heroin addict one more fix. Our government is big on short-term fixes (which in the long run lead to even worse problems), because politicians can only focus their attention as far as the next election. And that’s what this money is all about – to curry favor with the voters so the criminals can stay in office one more term.

The economic stimulus package will in the long run do far more harm to the American economy than good, because in the end all it will do is feed inflation. What is the benefit of giving everyone extra money to spend, if there is concurrently an even greater increase in the prices of all the goods that we must buy with that money? (For an explanation see my previous post on this subject: Aliens have taken over Washington.)

The best way that you can help the economy is to do what’s best for you as an individual. Thanks to years of mishandling of the economy by the government, hyperinflation is at our doorstep. The best thing that you can do for yourself and your family is to protect yourself from hyperinflation, and the way to do that is to take that “stimulus” money, march down to your local coin and bullion dealer, buy gold and silver coins and stash them away for a rainy day. As the dollar collapses over the coming years (which we will experience as hyperinflation) the value of your gold and silver coins will increase in value, offsetting the losses in your dollars and other assets and maintaining your spending power.

As I stated in a previous post, this is also a great time to buy gold and silver, because the metals are in a temporary corrective phase in which their prices have pulled back somewhat. So gold and silver are bargains right now, and you will be able to purchase more with a given amount of money. But don’t hesitate! The prices of the metals are getting ready to explode again! Be ready this time!

 

 

 

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