You can’t rig investment in Gold Eagle coins. Part 2.

December 14, 2010 – Paul B. Farrell’s article in MarketWatch was much more than a warning to stay out of the stock market and a compelling reason to invest in gold coins. It was nothing short of a call to action to every American to avert “the third meltdown of the 21st century.”

At stake is America’s future in the global economy. The Fed’s policies are a “tragic disaster,” succeeding only in reassuring Wall Street traders that “they can take bigger and riskier bets in the future because” we will “bail them out the next time, too, with no consequences when they fail miserably again.” Meanwhile, in terms of real economic growth relative to the expanding population, 2011 will see a backslide of 1.3%.

Having seemingly lost their battle against the Dodd-Frank financial overhaul bill, Wall Street would have us believe that proprietary trading is a thing of the past. But the rewards of a practice that creates wealth out of thin air while contributing absolutely nothing to the real economy are far too tempting to Wall Street’s voracious greed. As Michael Lewis commented in a Bloomberg article, they “have no intention of ceasing . . . They are merely disguising the activity, by giving it some other name.”

With so many politicians on both sides of the aisle in their pocket, the only incentive to curtail their plundering of the economy is to ward off the next meltdown. But unbridled greed and faith that they will again be richly rewarded despite their failures overshadows any concern they may have for the economy.

Whether public outrage will eventually coerce politicians into taking appropriate action is uncertain, but it would be wise to take preemptive steps to prevent Wall Street from dragging us down with it. Gold coin investments are excellent for doing just that.

Kevin Johnson

Senior Staff Writer – GoldCoin.net