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NIA Offers Comments On Economy, Taxes And Gold

June 7, 2010 by  

NIA offers comments on economy, taxes and goldThe National Inflation Association (NIA) recently discussed the top 10 most interesting questions it believes are on the minds of many Americans who struggle with high taxes, rising costs of living and falling asset values.

First, NIA representatives sought to dispel the myth that had it not been for the stimulus package the United States economy would have crashed. Rather, the package actually stifled the economy because it forced the nation to go deeper into debt.

Moreover, the jobs that were created were temporary, and the government will need to print money to pay the debt back, which will ultimately lead to hyperinflation.

NIA also believes that given the extent of the debt and the current level of taxation, introducing even higher taxes will not help pay the debt off. Instead, these lingering domestic and foreign obligations will only contribute to inflation.

That is why the organization reiterated its support for precious metals, and provided advice regarding a good price for silver and gold for those interested in converting their dollars into a more secure store of value.

It said that a good price for a 1 ounce silver coin like an American Eagle or Canadian Maple Leaf is 12 percent over spot, and a good price for a 1 ounce silver bar is 6 percent over spot.

For gold, a good price for a 1 ounce gold coin like an American Eagle or Canadian Maple Leaf is 4 percent over spot, while for a 1 ounce gold bar it is 2 percent over spot.ADNFCR-1961-ID-19816935-ADNFCR

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  • http://www.poormansurvival.com Bruce ‘the Poor Man’

    It’s a real shame when the government becomes the enemy of the people it is supposed to serve but as one wag has put it ‘we have the best government corporations can buy.’

    Since the 80s, in my ‘Politically Incorrect’ newspaper column I’ve asked how Wall Street expected burger flippers to afford $40,000 cars? There will never be a recovery if folks aren’t earning money and the size of government is signficantly reduced in terms of size and reduces its need to control vs serve the people.

    If you saw the movie “Enemy of the State,” perhaps I can find someone who would help me create the movie “Enemy of the People.”

  • s c

    By interfering with the economy (and making it WORSE), Herr Obummer has out-FDRed FDR. Between FDR’s insane economic ideas and an incompetent Fed, the Depression lasted much longer than it should have. And so, history will repeat itself, thanks to Herr Obummer’s “leadership.”
    Herr Obummer has made the same economy-destroying mistakes as FDR. Only this time, the stakes are higher and the price will be monumental. Could it be that although Obummer has out-GBed Bush, he thinks he can jumpstart the economy by staying mired in a WAR that he “supposedly” hated? Can you say HYPOCRISY? Can you say INSANITY?
    Can you say PROGRESSIVE who combines socialism, communism and fascism? Any way you spell it, Herr Obummer is a LOSER. America will pay dearly for his insanity. Herr Obummer will react the same way as Hitler when it becomes obvious that reality demands a devastating price of anyone who is willingly incompetent by choice.

  • Bob from Socal

    I love America, but I fear within the next few years the America that we love will be gone. People need to wake up to the fact that these economic disasters were brought about by the world bankers that are hell bent on bringing about the New World Order. They want to collapse the U.S economy. Everything that Obama is doing now fits their agenda. I am just waiting now for some false flag operation so that the puppet Obama can install Martial Law within the U.S..

  • Anthony

    The actions of Obama to freedom-loving people may seem crazy or insane.

    But, if you are in charge of controlling the wealth of a Nation,
    why would you care what freedom-loving people might want?

    The actions of our Government representative-puppets of the Oligarchy are only what is expected of them, by their Handlers. It is by design that mitch McConnell not put up a fight in any fashion. It is by design these things are in place to force us to a certain reaction which is all psychologically expected – they have all the experts they need and have already made all the tests…

    This… is about the real fight… not a Made-for-TV movie.

  • Dee

    Thanks for the recommended % over spot article.

  • http://þÿ Neida Lanzoni

    Wow! This could be one particular of the most useful blogs We have ever arrive across on this subject. Basically Wonderful. I am also an expert in this topic therefore I can understand your hard work.

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