Our economy is part of the global network of other countries. We no longer are an island within itself due to global trade. Therefore, it is essential to know how to invest your money based on where the economic pendulum is swaying at the moment. We, in the US, have been living a high life by borrowing and spending like there is no tomorrow. We are reliant on other countries to buy and hold our debts, in exchange for buying their goods. Now our Federal Reserve is printing US dollars from QE1 and QE2 to possibly QE3, our creditors are running scared that we will pay back our mortgage to them with worthless money. We are exporting inflation to our trading partners because all commodities are traded in US dollars. By printing dollars out of thin air, we are making commodities such as food, oil, and industrial metals (copper, aluminum, zinc..) expensive to buy. The emerging markets around the world such as the BRIC nations (Brazil, Russia, India, China) are saying "enough is enough!!!". We are not letting you Americans jack up our food costs and fuel costs just so you can spend and spend recklessly on "social programs". We are not buying your dollars/treasuries, we are going to work with each other and buy and sell with each other using our own currencies such as the Brazilian Real, Russian Rubble, Indian Rupee, and Chinese Yuan. We BRIC nations are going to protect our citizens by not using dollars to exchange goods with each other. We BRIC nations are going to explore new fuel and grow our crops more efficiently. And we BRIC nations are going to cut you, Americans off, by reducing the credit limit you can charge on the world's credit card.
Take time and learn more about the above commentary's sources:
Kitco – they give you updates on what US dollar is doing in relations to gold, silver, other metals, oil and other world currencies. Get commentaries on what is going on globally which affects our US currency and precious metals. www.kitco.com
Check out the contrarian commentator such as Jon Nadler. He is non “gold bug”. Also listen to the other commentators who are bearish on US dollars. They also interview market traders who are large investors so you can hear who is doing what and how and where do they forecast the future precious metals and other commodities.
Uncommon Wisdom Daily – they give you insights on what’s going on with our current policies on energy/commodities, Federal Reserve actions, and emerging markets. They offer free daily e-mail commentaries and offer some investment strategies/recommendations. www.uncommonwisdomdaily.com
The Daily Reckoning – They offer an international view of our US policies and how it affects global economy. They also give investment advice and strategy to overcome the complex market movements. They do editorials on current US policies. http://dailyreckoning.com
US Debt Clock – gives you the up to the minute look at our expenditures in the US and in various states. They also have a tab on the upper left corner which allows you to compare our debt vs. other nations around the world. www.usdebtclock.org
World Energy Source - gives you a look at the top energy consumers in the world as well as the producers in the world. www.usdebtclock.org/energy.html
Agora Financial – they give you commentaries and advice on global market and commodity actions, as well as global politics which can affect our investments/401K/retirement plans. http://agorafinancial.com
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