Watch this video below to listen to Joe Montana's Advice on Introduction
Jerome Powell, the Federal Reserve Chairman, has a clear message for Americans: prepare for the economic pain that comes with fighting inflation. During the 2022 Economic Symposium, Powell announced the Fed's commitment to bringing inflation back to a manageable level. However, he also acknowledged the inevitable consequences of this process: "While higher interest rates, slower growth, and softer labor market conditions will bring down inflation, they will also bring some pain to households and businesses."[1]
Understanding the Current Economic Situation
By the time of the 2022 Economic Symposium, inflation had been at or near 40-year highs for about nine months:[2]
- 61% of Americans now live paycheck to paycheck.[3]
- Real wages have been negative for well over a year.[4]
- The personal savings rate is the lowest since the financial crisis.[5]
- Consumers are accumulating record personal debt to keep up.[6]
- More Americans work two full-time jobs than at any time since data tracking began in 1994.[7]
Furthermore, the combination of decades-high inflation and rising interest rates has wiped trillions from IRAs, 401(k)s, and other retirement plans.[8] The question arises: how much more can the American public endure?
Powell's Response and the Impending Pain
Despite previously assuring that the inflation we were witnessing was "transitory,"[9] Powell and Treasury Secretary Janet Yellen eventually had to face the reality that inflation was only growing more severe. Powell now admits that the only way to combat soaring prices is through "forceful and rapid steps."[10] And when it comes to the inevitable economic fallout, he says, "These are the unfortunate costs of reducing inflation."[11]
As Americans, we can't say we haven't been warned. The authorities are aware of the consequences, and they expect us to bear the brunt of these economic adjustments.
Fighting Inflation: What You Can Do
The key question for those with substantial savings is how to protect their assets from the impact of inflation. For those with over $100,000 in assets, diversification is the answer. One option is to invest in a physical gold IRA, which can act as a hedge against inflation.
Harvard-trained economic analyst Devlyn Steele has prepared the "Inflation Fighter Kit" for individuals with over $100,000 in IRA/401(K) accounts. This free, 28-page Gold IRA Guide is filled with valuable information and tools to help you diversify your portfolio and protect yourself from the effects of inflation.
What You'll Learn in the Inflation Fighter Kit
The Inflation Fighter Kit provides exclusive insights into the following topics:
- Why now is the time to take action
- How the Biden administration's economic policies are affecting retirement savers
- How to open a gold IRA account (including fee information)
- The benefits of physical gold and silver in an IRA for peace of mind
The information in this guide is designed to help retirement savers navigate the economic challenges posed by Congress and the President. The same knowledge that led football legend Joe Montana to become an Augusta customer is now available to you.
Don't wait any longer to protect your hard-earned savings from the effects of inflation. Click here to sign up for the free Inflation Fighter Kit and begin the journey towards a more secure financial future.
In Conclusion
In an era of economic uncertainty, it's crucial to be proactive in safeguarding your financial future. With Jerome Powell's warning that pain is headed our way, now is the time to take action and diversify your investments. Physical gold IRAs can provide a valuable hedge against inflation, helping to preserve the value of your savings and offer peace of mind.
As Devlyn Steele, the director of education and on-staff Harvard-trained economic analyst at Augusta Precious Metals, explains, diversifying your portfolio is essential for navigating these challenging times. By taking advantage of the Inflation Fighter Kit, you'll gain access to expert insights and strategies that can help you weather the storm of economic turmoil.
By following the advice in the Inflation Fighter Kit, you'll learn about the importance of diversifying your investments, understanding the current economic climate, and taking steps to secure your financial future. In a time of uncertainty and economic pain, it's essential to be proactive and protect your assets from the volatile market conditions.
As the consequences of inflation control measures take hold, it's more important than ever to arm yourself with the knowledge and tools necessary to safeguard your financial wellbeing. By requesting your free Gold IRA Guide, you'll be taking a significant step toward ensuring your retirement savings remain secure in the face of ever-changing economic circumstances.
Remember, time is of the essence – the sooner you act, the better prepared you'll be for the challenges that lie ahead. Don't let economic stress or political decisions jeopardize your hard-earned savings. Take control of your financial future by diversifying your investments and learning how to navigate the complexities of the current economic landscape.
In the words of Devlyn Steele, "Let us help you offset economic stress the Dems just created & find peace of mind for your retirement!" Secure your financial future by requesting the free Inflation Fighter Kit today and taking the necessary steps to protect your retirement savings from the potential fallout of inflation control measures.
To request your free Inflation Fighter Kit, click here. Don't wait any longer to start protecting your investments and ensuring your financial security in the face of inflation and economic turmoil.
Sincerely,
Devlyn Steele
Director of Education On-Staff
Harvard-Trained Economic Analyst
Augusta Precious Metals
*Joe Montana is a customer and paid ambassador for Augusta.
References:
[1] FederalReserve.gov, “Monetary Policy and Price Stability” (August 26, 2022, accessed 8/29/22) (emphasis added). [2] U.S. Bureau of Labor Statistics, “Consumer Price Index Archived News Releases” (accessed 9/13/22). [3] Jessica Dickler, CNBC.com, “Unrelenting inflation is driving up costs, leaving more Americans living paycheck to paycheck” (August 1, 2022, accessed 8/29/22). [4] Bureau of Labor Statistics, “Real Earnings Archived News Releases” (accessed 8/29/22). [5] Federal Reserve Bank of St. Louis, Personal Saving Rate (accessed 8/29/22). [6] Reuters.com, “U.S. household debt tops $16 trillion amid rising inflation” (August 2, 2022, accessed 8/29/22). [7] Federal Reserve Bank of St. Louis, “Multiple Jobholders, Primary and Secondary Jobs Both Full Time” (accessed 8/29/22). [8] Suzanne Woolley, Bloomberg.com, “America’s $7 Trillion Retirement Crisis Is Only Getting Worse” (August 16, 2022, accessed 8/29/22). [9] Jeff Cox, CNBC.com, “Yellen says the administration is fighting inflation, admits she was wrong that it was ‘transitory’” (June 1, 2022, accessed 8/29/22). [10] FederalReserve.gov, “Monetary Policy and Price Stability.” [11] Ibid. [12] Ibid.