The problems behind the 2008 financial meltdown were never eradicated. Debt and derivatives still provide the unstable floorboard upon which today’s financial system is built upon. Dollars and dollar-denominated assets carry massive counterparty risk, and fiat currencies such as the U.S. dollar are infamous for losing value or even collapsing entirely once confidence is lost.
Dollar-denominated assets such as stocks, bonds, mutual funds, and ETFs come highly recommended by financial advisors and stockbrokers for two reasons.
Most financial advisors have taken to the prevailing economic narratives as sound and sustainable. Notwithstanding, many of these professional bankers and advisors are not ready or willing to acknowledge the profound changes in the economic landscapes – both domestically and globally. They refuse to recognize the fast-approaching result of dominance and reserve status for the once “Mighty Dollar.”
These advisors represent the sales and marketing arm of Wall Street, and they make their living selling paper assets, for which they collect big commissions and command hefty fees. Bankers and Politicians don’t want to talk about hard-assets like physical gold and silver, because they have no direct incentive to do so. Additionally, they don’t want people to know gold and silver represents a smarter way to save. They would prefer everyone to remain inside the system they have built – paying fees, sacrificing privacy, and backstopping their mistakes with taxpayer-funded bailouts..