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The fallout from Standard & Poor’s landmark warning on America’s creditworthiness is bad — and getting worse. Just today …
* Gold exploded higher, powering through $1,500 an ounce for the first time in world history!
* Silver shot up another 80 cents, closing in on $45 an ounce for the first time in more than three decades!
* Crude oil rallied more than a dollar a barrel, putting even more upward pressure on gas prices. It now costs an average of $3.84 a gallon for gas, the highest in 31 months!
* The Dollar Index is collapsing to a fresh 17-month low of 74.30. As you can see in this chart, we’re just a few ticks from the lowest level for the dollar EVER!
Just take a look …
In other words — just as we’ve been predicting — global investors are fleeing our currency. And they’re flocking to something, ANYTHING that will hold its value.
Yet Washington continues to dither … to fiddle while the dollar burns! Democrats and Republicans keep talking past each other, and the deficit commission’s landmark report on how to tame the explosion in red ink has been all but left to the dustbin of history.
Nobody in a position of power wants to step forward and take the necessary steps to rein in our national debt, at $14,309,159,097,877.65 and counting!
Look, the dollar is already collapsing … precious metals are already soaring … and your cost of living is already exploding … just as we’ve been warning.
Next up? Far MORE DIRE consequences for your wealth and well-being!
That’s why I urge you to view Dr. Weiss’ landmark “American Apocalypse” video immediately.
In it, you’ll learn precisely how to protect yourself — and also how to turn the great power of these dangers into tremendous profit opportunities.
Until next time,
Mike
Mike Larson graduated from Boston University with a B.S. degree in Journalism and a B.A. degree in English in 1998, and went to work for Bankrate.com. There, he learned the mortgage and interest rates markets inside and out. Mike then joined Weiss Research in 2001. He is the editor of Safe Money Report. He is often quoted by the Washington Post, Reuters, Dow Jones Newswires, Orlando Sentinel, Palm Beach Post and Sun-Sentinel, and he has appeared on CNN, Bloomberg Television and CNBC.
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Wow! investor will have a fun filled day at the banks if they know exactly what to do in a situation like this. because there is no regret when you are prepared for an eventuality. MaM has for a while sang this song loud and clear and i’m of no doubt that the cautious investor and the foresight investor are reaping their rewards for decisions taken ever since it became clear that this evetuality would soon hit hard.