I found and included a 30 minute video clip of the David M. Walker documentary I.O.U.S.A. as a fiscal “wake-up call” to the American people, but also to illustrate exactly why I believe precious metals are a wise investment.

I.O.U.S.A. Documentary Alarming

This documentary is alarming at best and downright frightening at worst. This film dissects the history of US government spending, rising National debt figures and puts everything into a thoughtful order to show the viewer “the problem”.

For the fist time as I was watching this 30 minute clip, I really felt the weight…the full force, gut punch…of this Financial Armageddon. It scared me…due in large part because they offer no solutions or even hope of finding a solution.

It hit me as the film outlined all the unfunded obligations the US was responsible for in the future with Social Security, Medicare, and the interest on the debt…a total of $53 Trillion…and the lack of will the American people and their elected leaders possess…we won’t make it. It reminded me of the Detroit automakers asking for a bailout last week. The over-promised their workers pensions and health care that now make them inviable in the marketplace. On top of that, they produce a product that less and less Americans want. Bloated, top down thinking, with a overreaching ego that says “We can do anything and get away with it.”

This is the same thought the average American has when he buys a house with “no doc” mortgage he can’t afford. The same thought a Congressman has when he passes legislation that can only get funding through borrowed means.

We get the government we ask for…and it’s not surprising the government is a reflection of ourselves. The “baby boomer” generation is too blame…like a spoiled child, who doesn’t mind killing the future to have comfort for himself.

We will have to discover less greedy and self-centered Americans to solve this problem…and sadly, I do know any of those people.

So, do what you must to protect yourself and your family…watch this video clip even though it’s long…and prepare yourself for the financial meltdown that only now it coming into full view.

Happy Investing!

Filed under: Why Precious Metals

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