Welcome to Roger's Latest Monthly Economic Rant
| - 2007
Late September 2017 Economic Rant - Roger Mason
DYSTOPIA HAS ARRIVED- 1 in 6 AMERICANS ON PSYCH DRUGS
It’s hard to comprehend this, but 1 in 6 American adults are on some kind of psych medication. Twice as many women as men. 1 in 4 women over 50 doped up. Over 1 million infants under six years old are on psychiatric drugs. More proof of End Times. Of course, children and even infants are also being given psych drugs now. Every time you drive down the street, 1 in 6 drivers are on psych drugs. That’s legal for some reason. Driving while impaired is a most serious crime as people get killed and handicapped from impaired drivers. There are three types of these brain numbing poisons- anti-depression, anti-anxiety, and sleep. (Anti-psychotic meds are basically for hospitals.)
True story. A young woman here in Wilmington was on psych meds. She left one morning to take her infant daughter to daycare, and then go to work. She stopped for her All Important Coffee. Then went to work and left the baby in the car. It was summer and she rolled the windows up. When she left work eight and a half hours later the baby was dead. She got her coffee, but forgot her own child. That's what these drugs do to you.
SATANYAHU PROMISES TO TAKE DOWN THE ENTIRE WORLD
“We possess several hundred atomic warheads and rockets and can launch them at targets in all directions, perhaps even at Rome. Most European capitals are targets for our air force…. We have the capability to take the world down with us. And I can assure you that that will happen before Israel goes under.” (Benjamin Netanyahu, Guardian September 21, 2003)
Why is it all right for Satanyahu to threaten the entire world like this? Kim Jong Un is going to get nuked for saying much less. One rule for Israel, and one rule for everyone else in the world.
GEORGE ORWELL (1984) WARNED US
“Nothing exists except an endless present in which the Party is always right.”
If you never read Orwell's 1984 you need to read this. He understated the matter.
GOLD AND SILVER ARE CORRECTING
The terrible COT reports and very high gold (but not silver) open interest (OI) says things are not positive in the short term. Every time we’ve had a rally in metals with a high commercial short position, it has failed. Saying, “this time it’s different” has not been a successful philosophy at all. Everyone got all excited when gold closed way over $1,300.
Yes, this is a good sign, and this Fall may be very good to us. Right now the metals and miners are correcting, but shouldn't correct much. Look for $17 silver.
The Cot Report on the 1st was absolutely terrible again. The commercials added 28,000 gold shorts, and are now a massive 248,000 net short. The open interest is up to 539,000. They added 11,000 silver shorts, and are now 66,000 net short. The OI is 183,000.
The COT report on the 8th was the same old sh*t. The commercials added 14,000 gold shorts, and are now net short 262,000 contracts. They added 11,000 silver shorts, and are now net short 77,000 contracts.
The COT report on the 15th continues the insanity. The Big Banks added 10,000 gold shorts, and are now an amazing 272,000 contracts net short. They add 8,000 silver shorts, and are now an equally amazing 85,000 contracts net short. Folks, this is plain nuts!!! These massive commercial short positions won again as usual. The HUI is down 6% from peak. The miners are leading the metals downward now.
The metals and miners looked good on the surface until last week. However...the GDX has not closed over 26. The HUI has not closed over 220. Silver has not closed over $18.80. Gold has not closed over $1,350, but it did close over $1,300. The gold OI is up to an amazing 566,000. Again, every time we have a rally with a bad COT report and very high open interest, the rally fails. Every time in the last six plus years. Don't even think the fake North Korea situation is causing this. This is the third fake NK "crisis". Yes, we should put an end to them, but China needs them as a physical buffer, and is going to keep NK as it is.
300 YEAR SILVER CHART SHOWS HOW CHEAP IT REALLY IS
This hard to find chart is inflation adjusted. Yes, it has been a huge disappointment to see silver fall for over six years now. This is where we separate the men from the boys, and the women from the girls. You really have no choice. You can buy stocks in any country. No currency on earth has any value. Commercial and residential real estate are about to collapse. The bond market is ready to go. Where else are you going to put your money? With a 76 to 1 gold to silver ratio, silver is at least six times better than gold. Silver is the most undervalued asset on earth by far. Never forget our Constitution says only gold and silver are real money. They have been the only real money for 5,000 years.
The dollar is in an 8 month collapse. This will only get worse. This means all your dollar denominated investments are losers. The Fed keeps printing trillions of dollars in green toilet paper unbacked by anything at all. There is no gold backing for the dollar.
DOLLAR CASCADE IS HOPELESS
GOOGLE (NOW ALPHABET) IS FAILING
For three months now GOOGL is failing. This is one of the infamous “FANG” stocks that have been propping up the stock market. Amazon and Netflix are also failing. Soon you will see Facebook start to collapse as well. All four of these FANGs are good short candidates. Yes, stocks could go up. Yes, the bubble could get bigger. Investing in a bubble is economic suicide. Get out of stocks and bonds. Sell your IRA or 401k, and buy physical silver bullion you hold yourself.
HARVEY WASN’T A 500 OR 1,000 YEAR FLOOD
The N.Y. Times said Harvey was a “500 year record flood”. The Washington Post said it was a “1,000 year record flood”. Since Houston only has weather records going back less than 200 years, this is quite a feat. Actually, this much rain has fallen several times just in the last 50 years. And there was no 50.2 inches of rain in the first place. All that was made up out of thin air and totally unverified. Both Harvey and Irma were run of the mill bad hurricanes. Nothing new, and nothing different.
U.S. BOND YIELDS HAVE BEEN FALLING FOR 37 YEARS
Remember bond prices are inverse to bond yields. Bonds are yielding nothing now at 2%. Bonds are the largest market in the entire world at $100 trillion. The U.S. alone owns $33 trillion of that, and Japan 14%. Alan Greenspan said a bond crash is very overdue. We are soon going to see a huge fall in bond prices. The derivatives market is far larger than the bond market, but they are unregulated and not a real, legitimate market at all. The bond collapse will take down the entire world economy. Imagine $100 trillion vaporized. This is far larger than the entire world GNP. You can't imagine something like that, but it's going to happen. Google "bond market about to crash" to learn more about this. Even fake news outlets like CNBC are admitting this.
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; its inherent virtue is the equal sharing of misery and poverty.
40% OF AMERICANS PREFER SOCIALISM
A study by the American Culture and Faith Institute found that 40% of American adults prefer socialism to freedom and prosperity. For those under 30 that figure is 55%. A Harvard study reported in the Washington Post found 51% of American adults simply do not support capitalism. America became the greatest, freest and richest country in the world due to (true) capitalism and free markets. What we have now is a mongrel mix of big government, socialism, outright communism, and crony capitalism- with less and less free markets every day. The real question here is why people prefer poverty, misery, and slavery to affluence, happiness and freedom. The entire planet has chosen socialism, communism, and dictatorships. For the first time in history, there is not one square inch of freedom anywhere. None, Zero. Nada. Nothing. One big prison planet. Newsweek magazine this year bragged about the fact we've destroyed our country.
PEOPLES REPUBLIC OF CALIFORNIA MOST POVERTY STRICKEN STATE
Does this surprise you? Look at the liquid asset poverty rate chart above. Only California qualifies for the Biggest Loser Award. 37% of the people there have no savings at all. They live from paycheck to paycheck. This is what socialism and communism bring- poverty, debt, bankruptcy, lack, deprivation, and suffering. The rest of the country is hardly any better. Only a quarter of households have $10,000 or more in savings. Three quarters are living paycheck to paycheck. This one state used to be the fifth largest economy in the entire world. Then unrestricted immigration and socialism took over, and destroyed it all. Hopefully California will fall into the ocean during the next earthquake. It would be a blessing for them to secede and form their own country.
MAJOR RETAIL CHAINS DROPPING LIKE FLIES
We regularly publish a list of retail chains that are going bankrupt, shutting down, or just closing hundreds of stores. The current list includes very prominent chains such as Gap, Toys R Us, Vitamin World, Perfumania, Sears/KMart, Macys, JC Penney, Gymboree, Ann Taylor, Michael Kors, Payless Shoes, Bebe, CVS, Rue 21, Radio Shack, Abercrombie & Fitch, Guess, Crocs, The Limited, HH Gregg, Staples, and Game Stop. Folks, all these chains are heavy hitters. You are watching our entire economy implode. Every day it gets worse. Every day the American standard of living falls further down. The real unemployment rate is about 24%, which is the same as the Great Depression. Most all the jobs available are low paying non-skilled ones. Ironically, there are high paying jobs, but almost no one is qualified for them. The Millenials are taking meaningless courses in college and not learning anything. Or not getting an education or training at all. America will soon be a third world banana republic without the bananas.
DANIEL WEBSTER SAID IT 180 YEARS AGO
“We are in danger of being overwhelmed with irredeemable paper, mere paper, representing not gold nor silver; no sir, representing nothing but broken promises, bad faith, bankrupt corporations, cheated creditors and a ruined people”-Daniel Webster / Senate speech, 1833
COUNTERFEIT MONEY EXPLODED 352 TIMES IN LESS THAN 100 YEARS
Since 1920 the U.S. population has basically tripled (110 million to 330 million). The currency in circulation has gone up an incredible 352 times. That means over 100 times per person. This is nothing but colored toilet paper. This is counterfeit play money. There hasn't been any gold in Ft. Knox or West Point in over 50 years now.
TEXAS AND FLORIDA WILL NEVER BE REBUILT
Much of both Texas and Florida have been irreparably destroyed. These people did not have flood insurance for their homes or their businesses. The government has no insur-ance or funds to help them. Millions of people will simply not go “home”, as they no longer have a home- or business- to go back to. These are two of the largest states in the union along with California. This will affect our economy.
AUSTRALIA BANS EVEN MORE GUNS!!!
In 1996 Australia government passed a Draconian gun ban, and took all the guns they could get their hands on. This was called a “buyback program” but there was nothing voluntary about it. Everyone was required to get permission to register any approved single shot rifles. No pistols were allowed, except for police and military. Registering guns was difficult and most restrictive. Many people wisely kept their guns hidden and refused to turn them in. Well, the government just passed an even worse law. Turn in your unregistered gun or go to jail for 14 years and pay a $200,000 fine. THIS HAS NOTHING AT ALL TO DO WITH CRIME. That was the pretense- as always. The criminals still had all the guns they wanted of course. They always do. “When guns are outlawed, only outlaws will have guns” may be trite, but it is very true. After the gun ban of 1996 violent crime rose dramatically. Guns were taken only from the law abiding. Criminals always have guns all the time every time. Again, the more you ban guns, the more violent crime you have.
DOW JONES IS TOPPING OUT?
The DJI has been falling for over a month now. We’ve covered Dow Theory repeatedly. The DJI, DJT, and DJU must rise or fall together to make a true trend. Well the DJT has been falling for over two months now. Anyone who would invest in the stock markets now (S&P, Nasdaq, Russell, etc.) is suicidal. Same with bonds. Same with residential or commercial real estate. Same with your IRA or 401k. You really have no choice at all. Put your money into silver bullion you hold yourself. Silver is about six times better than gold. Silver is going to return to the historical, classical 15 to 1 ratio, or even lower. That ratio could actually go to 10 to 1. Again, no Bitcoin or cybercurrencies.
SWEDEN IS 99% CASHLESS NOW
Sweden is the most self destructive country in the world. They are now 99% cashless. They are so stupid they don't realize there is ZERO value to every transaction they make. The Swedish Krona has fallen to almost zero, so they have no currency anymore. You must have a gold and silver backed currency in any society. When the Internet goes down, the entire country will be paralyzed. One computer glitch, and you'll starve to death. One computer keystroke, and your entire life savings is vaporized. The government knows everything you do, and everywhere you go, and who you are associating with. They can tax you to death. They can raise or lower interest rates at will. They can force you to spend, or force you to save. All this is fine with the brain dead Swedes.
Meanwhile the Muslim immigrants are raping the Swedish women at a rate never before seen in history. The police don't even bother to investigate anymore, even when they know who the rapist is. They are "overloaded", and "don't have the time". There is no vigilante justice by the husbands, fathers, brothers, or sons either.Well folks, most other countries are going more cashless every day. More and more America will be another cashless society. This is an important plant in the New World Order plan. Get rid of all currencies. Get complete financial control over everyone. The sad part is that the sheeple are lapping it up as always.
70 YEAR S&P 500 BUBBLE CHART
Look at this 70 year bubble chart of the S&P 500. You may well see a 60% correction in the stock markets. Yes, this bubble could continue. If it does, that will just mean a bigger collapse in the end. Thanks to John Hussman for this. He is calling for massive crashes in the stock markets, and he is a long time veteran trader.
NATIONAL DEBT IS $200 TRILLION, NOT $20 TRILLION
Hopefully you get tired of self appointed economic experts telling you our national debt is a mere $20 trillion. The actual unfunded debt liabilities are $200 trillion. Since the GNP is down to only $14 trillion, that could never be paid in a thousand years. Remember the GNP is production, not profit. Who is going to going to pay this debt? YOU ARE.
Just look at the top four line items in the US government’s budget: Social Insecurity, Medicare, Military, and, sadly, interest on the debt.
SOCIAL INSECURITY- a Ponzi scheme
MEDICARE- a communist scheme
MILITARY- we spend half the world military budget
INTEREST ON THE DEBT- a Zionist Federal Reserve fraud
Those four line items alone account for nearly NINETY PERCENT of all US government spending. Social Insecurity should be ended. Medicare and Medicaid should be ended. We should spend 10% of the world military budget (with 5% of the population) to be strong. The Federal Reserve should be ended. Then we would be fine basically. The rest of the socialist, communist welfare "entitlement" programs would also be ended over time.
JPMorgan's Dimon says bitcoin is a fraud that will eventually blow up, compares it to tulip trade
"It's worse than tulip bulbs. It won't end well. Someone is going to get killed," Do not buy Bitcoin or any cybercurrency. It is probable the CIA and U.S. Government started these to promote the Cashless Society. The greedy, stupid, and naive are all going to be financially ruined holding any cybercurrency. None of them have an intrinsic value whatsoever.
THIS 77 YEAR CHART ONLY SHOWS 10% OF THE NATIONAL DEBT
Again, until about 1970 things were pretty reasonable in America. Imagine that the reality is TEN TIMES worse than what you see- $200 trillion, not a mere $20 trillion. Why do all these "experts" keep saying the debt is a mere $20 trillion? Our GNP is down to only $14 trillion, so we can't even dream of paying off $200 trillion. Plus, this figure rises dramatically every day.
58 YEAR CHART PROVES AMERICA IS DEAD BROKE
Income is failing, while cost of living continues to skyrocket. Things were all right until about 1990. Then you can see the extreme debt (light blue lines) growing every year. This is real disposable income versus the actual cost of living. In the last 30 years this has gone totally to hell.
NO AIRLINER HIT THE PENTAGON ON 9/11
A Boeing 757 airliner is 155 feet long, and has a 125 foot wingspan. The idea that a 757 jumbo jet hit the Pentagon building on 9/11 is too ridiculous, too preposterous, too asinine to even consider. No wreckage was found. No one saw a massive airliner outside their office window. No jet hit the Pentagon on 9/11!
67 YEAR DEBT CHART SHOWS HOW BAD THINGS REALLY ARE
As usual, conditions in America were really pretty good until about the Magic 1970 Area. This is when we clearly took the left fork in the Royal Road to Hell. Folks, this is a Federal Reserve chart. They freely admit we are totally over our heads in debt. The American people will pay this debt in the form of the greatest depression the world has ever see. We are getting DEEPER into debt every day. All debts get paid all the time, every time, and the citizens are going to pay this one, too. The bankers and politicians sure won't.
AMERICA IS THE BIGGEST PRISON NATION ON EARTH
Yes, the entire earth now is one big Prison Planet, but America is the worst prison nation on the earth. We have 5% of the world population, but 25% of the prison inmates. That does not include those on parole and probation. The fake War on Drugs has turned America into a police state. Simple personal drug possession now ends up as multiple felony charges. You can also be charged with "conspiracy to possess drugs". Russia does lock up a lot of people, but for real serious crimes, and not for the petty crap America does. Did you know under the conspiracy laws you can conspire with yourself? Yes, you can conspire with yourself. Legalizing all drugs for all adults would empty one third of the prisons and one third of the criminal courts. Anyone committing a crime under the influence of any drug (especially alcohol) would get doubled penalties. Civilized countries like Canada, Europe, Eastern Europe, Australia and New Zealand lock up a small fraction of the people we do. The really sad fact is the uncivilized third world countries also lock up a small fraction of the people we do.
See you in October.
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