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Managing Problems or Managing the Press

We all have dozens of problems. Sometimes when we get rid of one problem another one pops up. This is also true for governments.  It is helpful to measure the gravity of each problem, using a simple 1-10 scale or in the case of governments a much larger scale to rate the seriousness of each problem. The 10-10-10 rule is another way to put things into perspective. Just ask the question whether the problem or decision will matter in 10 minutes, 10 months or 10 years. Also keep in mind that a problem for one person is not a problem for another person. It’s like saying that fishing is fun; which is true unless you are the worm. In most situations someone benefits and someone pays the price.

The deficit problems rampant in Europe and the U.S. are a clear illustration of this principal, which has governments battling the cost of pensions and medical care against the people who pay for those benefits. Riots in the streets and government leaders bailing out of their leadership position all play into the push and pull of who gets to eat and who pays for lunch.

When you look at politics, add in public perception versus actual change. Politicians have to respond to public opinion which is often voiced in the press, as well as in polls and social media campaigns. That doesn’t mean that the politicians are truly are going to fix the problems, they simply need to make sure that the public thinks they are going to fix the problems.  In a two party system issues can be sent into rhetoric limbo with partisanship and gridlock. These are useful words that simply mean that the politicians agree to disagree and no one fixes anything.

The problem is that most of us are busy working, paying the bills and dealing with day to day life and lose track of whether problems are really managed or if we just think they are being managed. The press has been and will continue to be the watchdog of people in power and a free press is essential to democratic government but that doesn’t mean that politicians and their parties will not work hard just to manage the press. In a government of, by and for the people, we all have a responsibility to pay attention and stay engaged. We also need to hold politicians accountable for fixing the problems.

In a risky high stakes economic and political environment, having a safe haven investment to protect you and your family from negative consequences of gridlock, partisanship and struggling economies is a wise strategy.  Many people have chosen to invest some of their wealth in gold and gold bullion to protect their assets.

With any investment it is important to know what you are buying and you should never pay more than 5% to 20% over the spot price of gold for gold bullion.

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