Here is the introduction to my new book Silver – When All is Lost. It will be in print next month.
Whenever the left wins an election it propels us further along the road to a welfare state so expensive that it bankrupts the nation. Conservatives lose elections because the people on the dole turn out en masse to vote against them. They know that a liberal administration will lather out more benefits and subsidies without any concern for the economic consequences. Unfortunately, whatever you subsidize, you get more of and that could serve as the nation’s epitaph. Now it seems possible that at some point in the future the U.S. will follow the Venezuelan example and vote for someone who promises to undo the Constitution and pass out money confiscated from the rich. America has taken a turn away from the principles that made us a great nation. It’s sad to behold. The liberal agenda is the blueprint for national ruin and we are getting to see it in action.
From an economic standpoint, the left will cripple the economy with high taxes and inflate on a grand scale. Whenever you hear the word stimulus, replace it in your mind with the word inflating. Much of the money created by our central bank goes to pay for the social schemes that originated with the left. Expensive new programs are regularly introduced by progressives to give people free money. Liberals that run our central banks are going to pump up the stock market and monetize enormous quantities of debt. Consequently, the world could lose faith in the dollar. We never know what exactly lies ahead of us, but it’s hard to be optimistic. The more you think about the left being in charge, the more you fear the probable outcome.
The economic consequences of runaway liberal spending, money creation and exploding government debt will at some point be devastating for the average American. Recently, I was at a reunion lunch with my high school classmates. One of them asked me if I thought we had lived through a golden age? I said yes. Today, on top of our civic unrest, rising crime and our mutual antagonisms, we face the possible onset of runaway inflation followed by an economic collapse of epic proportions leading to a depression of unprecedented magnitude. The golden age has come and gone.
The reality is that we can’t afford socialism, but we have it nevertheless. That makes national bankruptcy likely at some point in the future. As a consequence people should take measures to protect and preserve their financial well-being from the coming progressive onslaught. Silver serves that end and we advocate the ownership of physical silver coins and bars. This book makes the case that silver is one of the best things to own in a period when the left moves us towards economic ruin. In fact, having some silver on hand may, for a brief period of time, enable you to make transactions that keep you free of worry and stress.