from KingWorldNews:
With Europe stumbling into the end of the year, the new Prime Minister,
Abe, in Japan calling for more money printing, and the US heading
towards the fiscal cliff, Michael Pento writes exclusively for King
World News and strongly believes investors should be acquiring gold and
gold equities because of the extraordinarily-dangerous macroeconomic
environment facing the world today.
Here is Pento’s piece: “It should now be clear to all Americans that our government is completely incapable of voluntarily reducing our fundamental problem of excess debt. The inability of Washington D.C. to address spending, even under the duress of a legal obligation to do so, is flagrantly obvious.”
“The sequestration, which is supposed to reduce our debt by $2.4 trillion over the next 10 years, is not the result of a curse brought to earth by an asteroid. It is a self-imposed act of congress to finally address our nation’s habit of raising the debt ceiling with as much concern as a thief cares about getting a credit line increase on a stolen Visa Card. Isn’t it ironic, then, that those same individuals who agreed on the sequestration a year ago are now doing back-flips in order to undo their insufficient and feeble attempt at austerity….
Michael Pento continues @ KingWorldNews.com
With Europe stumbling into the end of the year, the new Prime Minister,
Abe, in Japan calling for more money printing, and the US heading
towards the fiscal cliff, Michael Pento writes exclusively for King
World News and strongly believes investors should be acquiring gold and
gold equities because of the extraordinarily-dangerous macroeconomic
environment facing the world today. Here is Pento’s piece: “It should now be clear to all Americans that our government is completely incapable of voluntarily reducing our fundamental problem of excess debt. The inability of Washington D.C. to address spending, even under the duress of a legal obligation to do so, is flagrantly obvious.”
“The sequestration, which is supposed to reduce our debt by $2.4 trillion over the next 10 years, is not the result of a curse brought to earth by an asteroid. It is a self-imposed act of congress to finally address our nation’s habit of raising the debt ceiling with as much concern as a thief cares about getting a credit line increase on a stolen Visa Card. Isn’t it ironic, then, that those same individuals who agreed on the sequestration a year ago are now doing back-flips in order to undo their insufficient and feeble attempt at austerity….
Michael Pento continues @ KingWorldNews.com
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