Debt is destroying America
To the editor:
America is no longer the “land of the free and the home of the brave.” It’s become the land of tax-and-spend politicians… and the home of the meek. Politicians are ruining the country and the citizens are too afraid-or too ignorant-to do much of anything about it.
The American government is running out of money. Fast. It has to borrow money-every month-just to service its debt. Your family couldn’t survive long doing that. And neither can the U.S. government.
It now costs the U.S. government more to make payments on its debt then the revenue it brings in through taxes.
Russia and China have virtually abandoned the U.S. dollar, preferring to do trade in local currencies instead. For example, they recently cut a $400 billion deal to supply China with natural gas. The contract will be paid in Chinese renminbi, not the dollar.
I’m afraid the money-and the power-are leaving the United States swiftly-and moving East.
So if your idea of diversifying is to “mix up” your investments inside the United States then it’s time you rethink your strategy. That’s not really diversification at all… even if that’s what your financial planner would have you believe.
If have a computer try watching RTTV. com
Gary Giebels
Cape Coral