The Current Economy and Hypnosis Florida Health Insurance News

After reading the latest issue of BusinessWeek I am still amazed by the amount of qualified economicists that still have no idea how serious of a situation we are in financially. I don’t know if they are afraid of creating global panic which would result in a more expedient global depression, or if they are just really in the dark. If any economicist from the previous eras from 1900-1960 were to look at the situation today in the world market and the effects of globalization occurring at uneven paces they would be truly awed by the way we are reacting to the current crises. Instead of fixing the basic economic issues, we are instead creating larger deficits and larger debts which are going to end up having to be paid back. How? There is only two ways out, one of course would be to inflate our way out of debt which will be great for the United States but terrible for Americans. If the currency were to inflate on the scope necessary to write off our debts it would make us unable to afford anything except the basic necessities of life, and even that would be difficult. As the United States has become a global superpower we have exported our entire manufacturing sector to foreign nations who can do it for less money. This would mean that we would need to import everything as our manufacturing is so antiquated here in this country that it would take us years to restart this sector.
Really, the end of this scenario will mean rampant inflation and the dollar becoming useless and a return to the gold standard. Lest anyone think the gold standard was not a good way to value currency, lets remember that gold is close to $1000 and many experts are expecting it to reach $2000 as the dollar keeps losing value. The gold standard was discarded in favor of the dollar, which of course is great for the United States but terrible for other countries. It woudnt be terrible save for the fact that we are irresponsible and have taken on way too much consumer debt, which of course is not our major problem. It is instead the government debt used to pay for the entitlement programs which are bankrupting the nation. It might be too late to save the dollar and I actually opened up my very own gold account in order to start “investing” in the future global currency. All it takes for us to lose the dollar is China’s current request to open the dollar standard to a basket of currencies including their own yuan which is much better positioned to be the world’s currency. But again this is not fair to other countries as should China start pursuing an economic policy like ours then we would be the ones asking for the gold standard. Thus gold which has been the most stable asset in world history is the only fair denomination for global currencies to be hedged against.
I still believe health reform is a necessity and universal health care is one of the only ways to fix our system, but health care is only one of our problems the other ones will need to be solved by fiscal disclipline and better use of our entitlement programs.


From: http://echealthinsurance.com/blog/economic-hypnosis/