- Published on Monday, 23 July 2012 14:28
- Written by Andrew Snyder, Editorial Director, Inside Investing Daily
- Hits: 721
So many things we once considered sacred are falling apart. It’s not one person’s fault. We’re all sick and twisted.
Crazed gunman. Sexual predators in our schools. Bankrupt
I'd say our culture is sick. But that is not true.
Culture is no more than a mirror of our own image. We're the sick ones.
We're the ones who line up at midnight to see a violent movie -- a show so graphic that when an armor-clad gunman walked through the door, most thought it was all part of the show.
What happened last week was not acceptable. But it certainly was expected.
That's our sick culture at its worst.
Same deal at Penn State. It was a football culture. The leaders did everything they could to ensure a good show come Saturday afternoon.
When a predator was discovered, the culture did as we'd expect. It protected the coveted. It put football before our children.
Shhhhh, the coach said. We don't want to spoil the mood.
Again... not acceptable. But in this culture, it should be expected.
The same can be said for the way we invest. Our "culture" tells us there's only one way to grow money... send a check to Wall Street.
But Wall Street is just as disillusioned as State College.
The SEC was all over Bernie Madoff. It knew he was a crook. But they got too close. The regulators were part of his family.
They pushed the scam under the rug. Screw the little guy. We can't tarnish Bernie's image.
Or the mortgage mess that sparked this inferno. Everybody close to the matter knew they created a bomb. But as long as that bomb was spewing out money... nobody bothered to do anything.
Our culture values today more than tomorrow.
Or how about the crime that is Libor? Without a doubt, you've got less coin in your pocket because of this swindle.
And Bernanke openly admits he knew what was going on.
His arrogant response? It's not my job to fix it.
That's the culture we live in, my friend. There may not be criminal intent, but when it comes to righting what's wrong... it's me before you.
It's "save the system" before "save the people."
That's why Europe is melting away.
It's why the Dow won't get over 13,000.
And -- get this -- it's why Treasuries are trading for record highs. Investors know Uncle Sam will save himself before he saves you.
It's not acceptable that Bernanke will print until the dollar is dead. But it sure is something every one of us expects.
I'm not writing this to scare you. I'm writing to show you our culture is sick. It's twisted.
Do whatever you can to get the hell away from it.
Just as you should shun violent or overly sexual movies before they corrupt your sense of reality, you need to shun the cultural shenanigans of Wall Street.
Invest your money outside the culture. Invest in things that can't be shot down by a delusional dropout. Invest in things the regulators can't molest.
Just as we protect our children from psychos in the schools by sending them to private schools or even teach them at home... we need to treat our investments the same way.
Just as we keep a pistol in our pocket to fend off the crooks... we need to protect our portfolio.
For the past seven months, that's all I've written about in Unconventional Wealth. I'm trying to create a new culture -- one of independence and opportunity.
I've shown subscribers (from young investors with no savings to mega-millionaires) how to invest in several kinds of tangible, real assets.
We want the stuff we can hold and measure -- the stuff with value that can't be derived on an exchange.
These are not investments that are normal in our culture. And that's exactly what we need. Our culture is sick.
From the Inside,
Editor's Note: The first of three crippling "economic suicide bombs" is set to explode on Oct. 1. 410(k)s, IRAs, mutual funds -- even your savings account -- could all be wiped out...
Unless you take these unconventional steps RIGHT NOW to protect your wealth. I'll show you 27 alternative investments that are far removed from the coming attack. A few of them could make you a fortune, even as the stock market crumbles. Find out more here.
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