Unemployment in the USA has reached at least 20% according to a recent Gallup poll. Shadow Government Statistics puts the number at about 22%. The fact is that the official reported unemployment level of 10% i far from the real truth. The US is cooking its books as Greece did to enter the Euro-zone. They got caught. The market now values the risk of borrowing money to Obama higher than to Warren Buffet. There will be no jobless recovery. This is not the beginning of the end of the recession, it is the start of an epic depression. What should you do to protect your savings? Buy gold and silver and keep it in your own possession. The only risk you take by doing that is being robbed by desperate unemployed criminals.
Economic Collapse
The Economic Paradigm shift explained – A Look into the Future
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Johnny Mellgren is a Swedish entrepreneur with a keen interest in macro economics and macro politics. This is his web site where he blogs about the economic collapse of our time, what to do about it and the economic future we create together. Contact Johnny Mellgren.
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I provide advice on investment portfolios for private and corporate clients. I also hold lectures in the history of money and the current economic collapse and how to protect your wealth in a time of transition.