I doubt many of us were alive back in the Roaring 20's and the Great Depression but I am concerned history is repeating itself with our current market situation and our countries overall debt. I am typing this not to be political in the least but to remind people what happened in our past and can happen again.
Here is a quote from a article that is worth reading;
"No American president has rivaled Roosevelt in his denunciation of what
he called “economic royalists.” He sought to “master” the “forces of
selfishness” by making government master of every person’s private
financial destiny. Like today, the citizen who wanted to retain control
over his own life was selfish, while the bureaucrat who wanted to seize
power over the citizen was automatically presumed benevolent." http://fee.org/freeman/mo...-great-gold-robbery/
Currently our nation has a Fiat Currency based on nothing more than "Confidence" and it is the reserve currency on the planet even though we constantly manipulate it without anything to secure it. Currently China is attempting to have their Renminbi added to the IMF as a new Reserve Currency and it is backed by Gold and Silver. The IMF(International Monetary Fund) will make their announcement on Oct 20th, 2015.
If you were a global investor which one would you prefer to use? Our current President said when he was first elected that FDR was his role model, will he and or his successor repeat what FDR did to the American people? Republican or Democrat?
I don't know, food for thought though and something we all should be paying attention to. Please feel free to give feedback.