U.S. Money Reserve boss convenes emergency meeting in Austin, Texas

U.S. Money Reserve head Phillip K. Diehl recently convened an emergency meeting at an undisclosed location, somewhere in Austin, Texas. The meeting revolved around the future of the U.S. economy and what role gold and silver coins can play in providing the average American with a robust hedge against the perils of economic volatility.

Demography is destiny

Leading the conference off, Diehl made a presentation detailing the many current threats that the U.S. economy faces to its continued viability. Among these is the rapidly aging Baby Boomer generation, who has largely failed to save sufficient money for their retirement.

While this is not entirely their fault – the elimination of traditional defined contribution pension plans has proven a major detriment to the average worker – their lack of adequate savings is forcing them to stay in the labor market longer, even as they draw immense benefits from the country’s social welfare systems. Read more: U.S Money Reserve – Built in Austin

Diehl also remarked that their is every reason to believe that the Boomer generation will live well into its 80s, on average. Combined with its members’ unwillingness to exit the labor force, this will create a number of easily identified stresses on the U.S. economy, things that have never before been seen on such a large scale.

The first issue is that the Boomers’ refusal to retire is going to continue displacing younger generations from the workforce for the next 20 years. Because younger people tend to consume vastly more than the cohort aged 70-plus, this is slated to dramatically reduce total per-capita consumption among the U.S. workforce. Learn more about U.S. Money Reserve: http://finance.yahoo.com/news/u-money-president-philip-diehl-130000375.html and https://www.thestreet.com/story/13961089/1/gold-stays-in-play-as-economic-and-political-uncertainty-persist.html

But this will also take place in the context of the largest population boom in those eligible for Social Security and those using Medicare in the history of those two programs. In short, the Boomers are poised to dramatically reduce total demand, and, therefore, taxable income and transactions, all while simultaneously increasing to unprecedented levels the liabilities of social welfare entitlements.

Diehl says that without a radical and immediate shift in policy, these forces will force the government to sharply increase the money supply, leading to possible hyperinflation in the next decade.

About U.S. Money Reserve

U.S. Money Reserve is the leading supplier of gold and silver coins issued by the U.S. Mint. Since 2008, it has been the go-to source for Americans looking to purchase gold as a part of their overall diversification strategy.