Why Americans don't save? It's the Axis of Evil!

There is a lot of economic blather in political circles about the US trade deficit. The typical blather focuses on the currency spread between the dollar and US trading partners. A cheap dollar blather is that it will make US exports cheaper and that will fix the trade deficit. The prospect of that is bleak. The US doesn't make enough stuff to export and currencies cannot be that easily manipulated without other consequences. An alternative fix for the trade deficit is for Americans to save more and not spend so much on imported goods. That would work, but what are Americans supposed to put their savings into?

If we just burned 10% of our cash we couldn't spend it on imports. Is that saving? It would certainly reduce imports by 4 to 8 percent. The point is that putting money into a bank savings account or similar instrument is just a slow way to burn cash and it would reduce imports...somewhat. What's the incentive to defer consumption by "saving" with a slow burn or a sudden bonfire?

Americans don't save because it is irrational in this economic environment. Money spent on any gadget or service returns some benefit greater than just burning your cash.

Fortunately, there is a way to save even now, but 90% or more of the population is clueless about how to do it. The answer: Switch your savings out of the US Dollar into foreign currency - some usually burn slower than the US Dollar. How about a fireproof savings vehicle? Yeah, you know what's coming next.

Buy gold. It's a patriotic act in the sense that it lowers the US trade deficit. It's also patriotic because it undercuts the bankers' central banking cartel and money/credit expansion engine.

Gold is for savings because is the most non-depreciating commodity available. The only thing that might depreciate gold would be a sudden discover of a massive deposit of ore that could be cheaply mined. Not likely at all. It is far more expensive to recover gold than oil. Oil is consumed. Very little gold is 'consumed'. It merely changes forms from bullion to coins to jewelry to bullion. Most of what is used in industrial production is recovered. Gold is a very "sustainable" resource.

Who besides Ron Paul among the candidates is willing to give the game away? No one yet. It's so easy to blame the Chinese or anybody but the financial/banking/political elites. Wall Street-Washington: The Axis of Evil.