Over the past decade, it has become increasingly clear to many of the leading minds in the economics profession that the United States is entering into a period of historically unprecedented uncertainty, volatility and untested economic models.
The long period of extremely low interest rates has led to a record-smashing Dow Industrial Average as well as asset price runups in many other markets. Many other such unprecedented trends are taking place, leading observers to question where this is all heading.
But some are growing increasingly wary of signs that they perceive to be ominous. Phillip K. Diehl, the CEO of U.S. Money Reserve and the former director of the U.S. Mint, has repeatedly sounded the alarm on the systemic risks of continuing down the same economic road on which the U.S. currently finds itself. Read more: Working at US Money Reserve | Glassdoor and US Money Reserve | Manta
Diehl convened the meeting in Austin to start hashing out what exactly the worst risks are and how best to counter them. During the meeting, Diehl revealed for the first time his report entitled “The U.S. Gold Report”.
The report details various threats to the well being of the average American, including what Diehl says is the almost inevitable beginning of hyperinflation.
Diehl believes that, unless radical measure are taken within the next few months, hyperinflation will become inevitable in the United States. Diehl says that this could eventually lead to widespread economic collapse, like that currently unfolding in Venezuela. The U.S. Gold Report details seemingly intractable problems that are now confronting the U.S. economy. These include the refusal of the Baby Boomer generation to step aside into retirement.
Diehl contends that the severely reduced consumption habits of the 70-plus-year-old demographic, combined with the displacement of younger workers from the workforce, will result in a dramatic shift in the tax base towards individuals who are clear net tax liabilities.
This will eventually drain what few reserves Social Security and Medicare have, forcing the government to begin sharply expanding the money supply. Diehl says that hyperinflation then becomes inevitable.
About U.S. Money Reserve
U.S. Money Reserve is the largest seller of U.S.-issued gold and silver coinage in the world. Founded in 2008, it has provided a means for millions of Americans to successfully hedge against systemic market risks, giving ordinary citizens a means to follow the same kind of risk-eliminating investment strategies as sophisticated hedge fund managers.
U.S. Money Reserve has sold gold coins to millions of satisfied customers.