Phillip K. Deal, CEO of U.S. Money Reserve and former director of the U.S. Mint, recently called a meeting at an undisclosed, secure location in Austin, Texas. The topic of the meeting was the many threats currently confronting the U.S. economy. Diehl invited top economists, market analysts and policy experts to discuss what could be done to save the nation from what is increasingly seen as the near certain inevitability of hyperinflation. Learn more about U.S. Money Reserve: http://finance.yahoo.com/news/u-money-president-philip-diehl-130000375.html and http://finance.yahoo.com/news/u-money-ceo-angie-koch-121500601.html
During the course of the meeting, Diehl unveiled a report he had recently compiled called “The U.S. Gold Report”. This report deals with the historically unique circumstances in which the U.S. economy currently finds itself. Filled with rich documentation, strong arguments and mountains of historical evidence, the report concludes that if the United States economy doesn’t radically alter its course, it is headed for hyperinflation within the next 10 years.
Diehl talks about some of the immense systemic challenges that the nation’s economy are faced with. These include the ever-eroding tax base coupled with the ever-expanding liabilities of the U.S. government. Eventually, concludes Diehl, this must end with an expansion of the money supply, a move that will necessarily set off inflation.
Diehl cites the refusal of many in the Baby Boomer generation to retire as being yet another force that is sure to begin driving inflation. As the number of 70-plus year olds in the U.S. workforce explodes over the next decade, it will become increasingly difficult for younger generations, who consume vastly more than retirement-age people, to find work.
On top of this, the Baby Boomers themselves will become net tax liabilities. This is due to their drawing on Social Security as well as their voracious consumption of healthcare resources. All of this adds up to dramatically increased government liabilities and severely reduced revenues. The result will be hyperinflation.
Diehl states that the only adequate hedge available to most Americans against hyperinflation is the purchase of gold and silver coins, which are actually possessed by the buyer. Due to the increasing risk of extreme financial collapse, Diehl views mere contractual ownership of gold and silver as undesirable.
About U.S. Money Reserve
U.S. Money Reserve is the largest seller of gold and silver coins produced by the U.S. Mint. It has been in business since 2008, bringing the opportunity for real financial security, which can only come from ownership of gold and silver coins, to millions of Americans.