Sunday, August 12, 2012

Romney vs Obama - No Economic Policies Will Change

It's interesting how Obama ran in 2008 on the campaign of "Change we can believe in" when really nothing has changed. The wars have expanded in spite of his insistence during that campaign that he will bring the troops home. Troops will be in Afghanistan until 2020 (supposedly) and now there are even more countries that the US occupy and drone attacks are on a record high.

But foreign policy aside, not only did he expand the wars, he also kept the economic policies of George W. Bush. The same unelected bureaucrats in the treasury and Federal Reserve remained in power. The bailouts continued and inevitably the debasement of their currency continued as well.

Now we see in the news how Romney and Obama are attacking each other on different campaign ads. But wil there really be any differences especially when it comes to economic or monetary policy? The answer is no. The same kind of monetary policy will continue. 

The unelected quasi-private Federal Reserve will continue to increase the money supply. They will continue with their artificial interest rates. Yes, it makes the economy seemingly okay especially with all the turmoil in the Eurozone. The dollar is seemingly looking strong. But this is all artificial and facts just show that this is not true at all.

This is why it is still best to invest in gold to be able to protect yourself from economic instability and immoral monetary policy. It won't matter whether Romney or Obama wins. The dollar as the world's reserve will continue to lose its value and investing in gold is your best hedge against inflation.

There really is this false promotion that there is a big difference between Romney and Obama when really all will be the same especially economically. Romney runs as if he will cut spending but it's really all illusory especially since it's all just fake cuts over the next decade and the size and spending of government will actually increase by then! Don't even waste your time watching their attack ads on each other, it's time that you start thinking about gold or silver or investing in other precious metals.

Romney even chose supposed fiscal conservative Paul Ryan as his running mate. No, that guy is not fiscal conservative at all. How can you call yourself a fiscal conservative if you voted for the Patriot Act and the expansion and spending on wars. Real fiscal conservatives want government to be small and not intrusive to the lives of individuals. Something that both Romney's and Paul Ryan's voting record goes against.

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