Dear readers,
I have seen an interesting video about American economic situation:
http://www.youtube.com/watch_popup?v=eb1n1X0Oqdw&pop_ads=0#t=11
The makers of this video are members of NIA (National Inflation Association)
NIA is a preventive association about inflation for American people; they want to help Americans to survive with the actual economic crisis. In order to give some explanation and advises to people, they give us concrete examples as the amount of the American debt, the gravity of the economic situation (impossibility to pay off the debt).
They give some advices to invest. For example, they explain that the gold and silver market continue to succeed. They encourage and help American people to cope with the actual economic crisis in USA.
Concerning the video, it shows a lot of social and economic problem that the United States has known.
Nevertheless, the main subject in this video is the actual inflation in USA. They firstly detailed all the reasons for the actual debt. Why all taxes increase a lot?
To answer this heavy question, the makers of this video speak about Medicare and Medicaid costs, Irak war cost. In fact, costs that the government forecast for these three projects became too important; they increase during the realization of these projects.
For example, they projected as cost for the Irak war between 50 and 60 billion dollars but it costs actually around 710 billion dollars.
One other problem in USA is the decrease of the industrialization. In fact, since around ten years, the competitiveness between China and the United States had led the bankruptcy of American industry. For example, concerning the textile area American industry progressively disappear.
The unemployment increase a lot too and the retirement pay decrease… NIA explained that if this situation doesn’t change American people would have serious problem with their life conditions. Because of this crisis and all bad decisions of the government, American people send their home, eat poorly and less, stop their air conditioning and do so on…
The future of the United States is in danger because of the actual education. In the video, NIA compares American education system with Chinese education system. They also compared the price of the education in these two counties. American people pay actually around 25000 dollars per year for school and Chinese people pay between 400 and 2200 per year. The Chinese culture made a better system education and young Chinese succeed more than young American…
So we can see here that NIA criticize American culture and mentality. They also criticize investors and politician mentality: They name us Power junkies because they only think about profit.
The video compares also two currencies evolution: Dollar and Euro. In spite of the Greek crisis, Dollar currency will have problem before Euro.
In another part, NIA explains in this video the stability of growth in gold and silver area. They also said that the gold increase a lot actually.
After explaining the real bad situation of the United States, they showed that one area is continuing to increase in USA. Their goal here is to advise people about their money. They show that it can be a good idea to invest in gold or silver.
NIA compares the amount of the American debt and the amount of the gold that American reserve possesses. The amount of the debt is less important.
We see that NIA want to help people cope with the actual American crisis. NIA published this video because they want to educate American people about the crisis and the actual economic situation in USA.
Concerning investments in Gold, it can be a financial solution for American people but for a very short term… Even though the gold market is stable, this market is growing very slowly. We have to know that if all Americans invest in gold, the gold price will increase a lot and it will stop a lot of people in their investment: It’s the theory of supply and demand.
Regards,
Pauline
