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Why Your Savings Will Soon Be Worthless

Source: http://feeds.feedburner.com/~r/RecordPriceBreakoutcom/~3/531174998/
Posted on Tuesday, February 3rd, 2009 | In Market Commentary
Contributed by: Steve Warshaw (http://www.recordpricebreakout.com) -

Have you ever heard this phrase?

"The dollar is just paper, it has no value."

If you were old enough to remember Richard Nixon’s election, then you remember a time when the U.S. dollar was based on something real, something significant, namely… Gold. However, in 1965, Richard Nixon made what could soon be the most disasterous decision in the history of modern civilization; separating the value of cash from a real commodity.

For 30 years, the FED, the private establishment in charge of managing United States monetary policy, did a farily reasonable job of not over saturating the currency market with green backs.

However, in the past decade, something started going drastically wrong. This single string of events is the reason your parents and / or grandparents are able to retire, and it’s the reason why current generations require both parents to work in order to survive. It could quite possibly be the reason our entire economic and monetary system collapses!

If you’ve spent any time reading my blog, you know that I am not a whistle blower. In fact, I am a purist when it comes to technical investing. So, why do I seem so concerned?

The FED Is Destroying Your Investments and Your Savings!

Take a look at this video and see why you should be concerned…

Last 5 posts by Steve Warshaw





About Steve Warshaw (http://www.recordpricebreakout.com)
RecordPriceBreakout was founded by Steve Warshaw in July, 2008. Steve is a full time software engineer and aspiring professional technical analyst.

Steve has contributed significantly to the development of several trading software and technical analysis programs including Track and Trade High Finance by Gecko Software.

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