The news of Greece’s debt crisis hit the financial markets hard last week. The Euro lost 16% of its value in just 4 months. There is great concern that Portugal, Spain and Italy will follow suit.
Is the U.S. on the same path? Our leaders continue to spend hundreds of billions of dollars they don’t have. Helicopter Ben is living up to his famous speech that money falling out of the sky would only help the economy. Easy for him – it simply comes out of a computer now. And the solution our leaders have found to pay off our debt is to devalue the dollar to devalue the debt.
What about your dollars? Get them into something besides paper. Housing is and always has been one of the best hedges against inflation. How about a solid brick home near jobs in the strongest economy in the U.S.?
Here’s to Protecting Your Wealth,
Kathy and The Real Wealth Team
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