Oh My God! Even the maestro Greenspan thinks a rough recession is unavoidable

Trading was tempararily shut down on futures trading yesterday, talk of shutting down nyse was also buzzing and now fed wants to lower interest rates by .1/2 percent! Greenspan has also made statements that we probually cannot avoid a major economic reccesion at this point. Folks they know we are in serious trouble and they are in panic mode because all the finiancial trickery they have done so far such as the bailouts are not working. Confidence is at an all time low and boy does it show. The general feeling is that we are in for a very rough reccession even though its very hard to find one of the talking heads actually saying we have been in one for a coule years. The 2 major problems with all the solutions put forth
1- The USA's economic engine (jobs) doesnt exist. We are losing jobs by the thousands and job growth is growing at a heafty rate. Even if there is easy money to get in the form of a loan at a killer rate people need a job to pay it off right?
2- printing money when ever times get tough- this produces inflation due to the extra fiat currency being put out in the world. Inflation is really bad when there are no jobs out there or as it is currenlty, your employer does not pay you with increase or bonuses to keep up with the inflation rate which technically is at 10%.
Investing in gold in times like these assures you of at the least holding your savings value and at best growing that savings as gold prices rise. Fact: Gold prices tend to rise with inflation.

Go Gold!

Gold prices have been rising at an unbelieveable rate lately. I wonder why? Well for starters most people in the USA and now most of the world have lost confidence in our financial system and our current financial base for exchange, the mighty dollar. It is quite evident that the corruption of the politicians along with the powerful CEOS and VPs of these once great financial companies have let greed overtake their moral compasses. In exchange for lax laws pertaining to the mortage lending market ( borderline criminal in my opinion) the politicians were hoping to produce what apeared to be a booming economy, which they did, for a while. This all came tumbling down when reality set in and loans were not being paid down. They didnt know this was what the outcome would be? Even a child knows if you loan money to a questionable source odds are you will not get it back!

Watching the trickle down effect of this crisis is amazing and truly points to the fact that gold is the only true form of wealth. While stock portfolios, 401k plans and mutual funds are sinking gold is rising like a rocket. Why? People can not only use gold as a hedge against inflation(i.e. store there wealth and keep its value) but also in these dire economic times increase their wealth and make a profit. Gold price per ounce is highly undervalued right now and should be increasing even more dramatically as news of our troubles spread and create a like effect throughout the world. Buy gold not only as a source for storing your hard earned money but also as an investment free of being produced at the will of the politicians when ever they need more. Rememer there is a limited supply of gold- Rareity is a good thing.

How quickly we forget!!!

Were are possibly on the eve of congress voting to pass the revamped 700 billion dollar bailout package. The dow made a minor comback but still very hesitant. The credit industry is basically frozen and not as willing as it was to lend to anyone with a pulse. Gold prices have risen in this mess which shows gold is the one true investment that everyone turns to when other financials go bad.
There is one question we all should be asking ourselves before this bailout happens, what got us into this mess? Answer-All of the "easy credit" that was put out there to everyone so they could purchase all the things they could want and live beyond their means. It brought americans a false sense of owned wealth that they never really had. Ultimately they either would have to pay it back with high or ever increasing interest rates or lose what they bought due to foreclosures and reposetions. We never had the wealth is the key here to live the lives we were living. Salaries were not keeping up with the rate of inflation yet our appetite for toys grew.
The inflation was rising due to the decreasing value of the dollar and the easy credit and loans were put out there to try and pump the economies engine which was failing. Job losses were growing and inflation was too. We should have never been taking off the gold standard which would have kept inflation in check. If this bailout package passes inflation will climb even higher making the dollars we currently have worth less. In these dire times gold investment is a necassary means to preserve and increase your wealth.