Budget talks are at a standstill, republicans and democrats don’t see eye to eye, and the likelihood of a government shutdown is becoming a real threat.
Republicans are pushing for spending cuts and a repeal of the 2010 health care law, while the president and democrats alike insist the law is not negotiable. If the Democrats and Republicans don’t stop bickering and agree to how the U.S. should pay its bills, the federal government will shut down, come October 1.
A shutdown would only harm our economy unnecessarily as it attempts to slowly recover from an already fragile state, resulting in widespread ripple effects and a loss of public confidence.
So what would a shutdown really mean for you? Would your daily life be affected?
As outlined in a recent CNN article, 368 National Park Service sites would be closed to millions of visitors, federal employees would be furloughed without pay, those seeking government loans would be out of luck, and the biggest hit would be to consumer confidence.
In addition to these disruptions to daily life and the government running out of money on October 1, the nation is set to hit the debt ceiling and go into default in mid-October. Quite the one-two punch for our struggling economy.
So what can you do to protect against this potential shock to the economic system? BUY GOLD!
Since 2000, gold prices have increased over 500 percent while the value of the dollar has continued to suffer as a result of government action and inflation. Call Capital Gold Group at (800) 510-9594 today to find out how you can add precious metals to your portfolio and be sure to ask how you can receive our newly updated Definitive Gold Guide.