Economic Recovery That Will Never Happen
Covid-19 may be the worst pandemic the world has ever experienced in historical memory but the day of debt reckoning is near at hand. You see, the cash you received from the government through a push of a button or through the mailbox has nothing to do with helping you tide the crisis and more to do with getting your political trust in the omnipotence of big government. Well, you may think that cash will buy you the next meal or even a decent amount of groceries but printing money and giving it to everyone is going to push prices faster than pushing the money out into the public.
Unfortunately, this type of sound economic theory was never taught to a typical undergraduate in the university. Instead, we were taught how to spend our way out of a recession by having faith in the Keynesian multiplier of “prosperity” where the more the government prints money, the richer the economy becomes. All of those only exist in a utopia of broken dreams. These theories when applied to the real-world economy fails to explain every single financial crisis that has happened since the Great Depression of 1929. What we should have known from great economic pundits and those in political power is that we will never experience an economic recovery if “spending till death do us part” is the norm in Washington. When we have come to realise the impossibility of any real, positive change, we must in our own wisdom prepare for the worst.
Saving for the rainy days to come is our best bet in such an inflationary environment where even daily commodities like corn has seen an increase in price. I don’t mean saving money in your bank account; that in itself is depreciative. Over a short period of time, you are losing money by the minute. What you want to save are inflationary-hedged assets like precious metals in particular gold and silver. Recently, central banks like Hungary and Turkey have demanded their gold to be repatriated back to them from the Federal Reserve in the United States. Therefore, the wisest move for your own financial safety is to obtain physical gold bullions to safeguard your wealth for generations to come. A slightly more budget alternative to gold is silver; which acts also like gold but is both cheaper and has more industrial use especially in the electronic cars sector. Likewise like gold, obtaining physical silver is key to securing your family’s wealth.
The moral of the story is that you must not expect economic recovery to happen from the whims of those in power. That is just a utopia of broken dreams and promises. Inflationary-hedged assets like silver and gold are your ticket out of these grey skies in which the reality beyond is far surpassing what you can ever imagine; To the moon and beyond.
