According to Dr. Martin Weiss, Ph.D. on January 12, 2011, “the U.S. Treasury announced that our government added another $80 billion to the cumulative budget deficit in December.”
And this appears to be the good news. Because of the tax relief package passed in December by the White House and congress it looks like even higher deficits can be expected.
The original deficit forecast for the national deficit rising to $1.42 trillion appears to be optimistic due to the newest round of tax cuts.
It looks like 2011 is certain to be the third year in a row of $1 trillion-plus deficits for Washington.
At this point it looks like a no win situation for an upcoming battle on how to bail the U.S. out…Raise the debt ceiling and drive the deficit higher or paralyze the nation by voting against the increasing debt ceiling.
Do you realize that over 100 major states and cities could go broke this year?
The Federal Government has two choices… Either to let the cities and states fail Or bail them out with taxpayer money.
Again… a no win situation…
Do you se the importance at this point in history why we are recommending investments in precious metals?
People, this country is in serious financial distress. The dollar has no value and because it’s not backed by gold any longer. Time is of the essence to start protecting your assets. Gold is sharply rising but silver still remains an affordable way to invest in precious metals. Let the professionals at Southlake Gold and Silver help you make the right choices for protecting your assets.
As the worth of paper money slides, the value and strength of precious metals continues to climb. At Southlake Gold and Silver, we are passionate about helping people preserve the wealth they have created through their own efforts and wise investment choices. While our professional monetary consultants—or traders as they are called in the industry—are trained in the business of precious metals, they offer our clients much more than just trading their orders. Each team member is a trustworthy expert in the business of metals and is keenly aware of the current world economic conditions addressed within this website. Client education is a vital component of our consulting services regarding portfolio diversification using precious metals and precious metals retirement accounts.