Welcome to Roger's Latest Monthly Economic Rant
| - 2007
Late October 2017 Economic Rant - Roger Mason
“The further a society drifts from truth, the more it will hate those who speak the truth. In a time of universal deceit, telling the truth is a revolutionary act" - George Orwell
U.S. DOLLAR NO LONGER WORLD RESERVE CURRENCY
We are supposed to have 8,000 tons of gold in Ft. Knox and West Point. The truth is we have had no gold for over 50 years now. China finally admits they have 12,000 tons of actual, physical, real gold backing the yuan. They have always kept their gold holding a big secret. You are going to see the U.S. dollar disappear to zero. Well, since 1913 the dollar is now only worth 3 cents. So, who even cares anymore? Remember the Pound Sterling was the world currency, and is now just worth-less fiat money- like every other currency on earth. All currencies fail all the time every time. Nixon closed the gold window in 1971 forty-six years ago. That was really the kiss of death for America. This is why you have to own physical silver bullion you hold your-self. As the dollar goes to zero, gold and silver will explode. The gold to silver ratio will go from 76 to 1 back to the natural, historical ratio of 15 to 1, and probably down to 10 to 1. As inflation destroys 99% of Americans, you'll get rich. The poorer you are, the more important it is for you to put what little you have into silver. Every day the dollar is worth less, so get our savings out of dollars.
DON'T BUY CRYPTOS!!!
This Bitcoin and crypto mania is mass delusion. None of them have any intrinsic value at all. They are mere computer entries. When the Internet goes down you have nothing. All of them will collapse to zero, because that it was they're worth. DO NOT BUY THEM!!! Anyone who recommends trading them is a fraud. The sheeple love manias, and this is a worldwide mania. It's all about something for nothing as usual.
LAS VEGAS GOVERNMENT MASS KILLING MEANT TO BAN GUNS
Well, it seems people were actually killed and injured this time. Like 9/11. But it was the U.S. government who killed and injured them. It is proven there were at least three known shooters, maybe 4 or 5. Paddock was on the 32nd floor, and video proves there were at least two other shooters in different rooms on different floors. The media keeps lying about a single shooter. Videos prove there were at least three. Did you know the FBI occupied the entire top floor of the Mandalay for a week prior to this? Paddocks room had a few dozen empty shell casings after supposedly shooting "thousands of rounds"? He is conveniently dead of course. A 72 minute police response time after a "shots fired at Mandalay 9/11 call? The whole point is to ban guns. This is about CONTROL, not guns. This will only increase crime. It will disarm law abiding citizens, so only criminals will be armed. Now the media keeps screaming for gun control. Hillary immediately got on the media stage to call for more and more gun bans of course. Never let a good crisis go to waste- especially one the government created. Here is what she said on the Tonight Show: “I can’t believe that one whole political party in the greatest country on earth has totally sold out to the gun lobby,” She told host Jimmy Fallon. “The vast majority of Americans and the vast majority of gun owners know we need common sense laws.” New York Times op-ed page called for a total gun ban. Banning bump stocks is plain silly. They are not popular at all with gun owners. There were no bump stocks used by the shooters. The very, very few licensed class 3 fully automatic weapons in America are simply never used in crimes. More gun laws only disarm the law abiding.
BUY ALL THE HI-CAP MAGAZINES YOU CAN
If you can afford a box of 100, then buy an entire box. These are going to disappear, and a $12 magazine will be worth ten times as much in a few years. Gun control proceeds step by step by step. When Australia banned guns in 1996 crime skyrocketed. That's a fact. That ban didn't take one gun out of a criminals hand. Now the stupid Australian sheeple are basically unarmed. Yes, a few patriots held onto their guns, but now they are felons, and can't even buy bullets!
A book could be written on this government hoax that killed innocent people. Don't bother researching this. Don't waste your time. Paddock as another Lee Harvey Oswald, and this shooting was another government murder like 9/11.The Internet is alive with endless factual exposes of this government slaughter of innocent people. Just don't waste your time and energy on this. You know the government slaughtered it's own citizens. You know there were at least three shooters. You know Paddock is a patsy. You know the media is lying to you. Why bother with the details? You have better things to do.
COT REPORT IMPROVING
On the 6th the commercials dropped 9,000 gold shorts and 4,000 silver shorts. They are now 235,000 and 69,000 net short respectively. These numbers are far too high. The report on the 13th was almost meaningless it was so minor. We still have a long way to go here to get the commercial positions down. Also the gold open interest (OI) is far too high. This is bad for us. The miners are sluggish and not confirming the gold and silver prices. The HUI is barely over 200 and must close over 220. Gold did close over 1300 again though. Things are just not very exciting right now, and metals may actually fall a little in the short term.
THE VERY DEFINITION OF STUPIDITY
Brainless Colin K. here is wearing a Fidel Castro shirt while bitching about "oppression". He should spend the rest of his life in Cuba to see what oppression really is. He is extremely rich, yet totally uneducated, with an operant IQ of 10. Rich only because he can play football. His mother is white, so maybe he's a 50% racist. He was adopted by a white couple. All white people are racists of course. Was his mother a racist, too? Were the couple racists? Organized sports is literally a religion in America, and subhumans like Colin are worshipped as gods. Is this a great country or what?
TESLA FAILS AGAIN
Elon Musk promised his Model 3 Tesla car would be the $35,000 people’s car. Like Adolf and the Volkswagen (literally "peoples car"). Well, he can't produce any. The Model 3 assembly line is a hopeless disaster. Every time he sells a Tesla car, you pay a $10,000 subsidy out of your pocket to Elon. He is a multi-billionaire, but every taxpayer in America subsidizes his overpriced golf carts at $10,000 a pop. People in other countries also subsidize his golf carts. He doesn't sell any without a subsidy. Without this subsidy he would not sell any cars. Fact.
Since Model 3 is a failure, he's selling house batteries. Seriously, six foot tall, 270 pound, $5,500 house batteries. He says solar power can run every single one of our homes, and all of our factories as well. That's too psychotic to comment on. There is just no wattage in sunlight! His new Powerwall 2.0 battery stores 13.5 KW, and can deliver continuous 5 KW. Realistically, you could run your house at night for like 3 hours, but no 220 V appliances like air conditioner, hot water heater, stove, oven, or dryer. You would need at least two Powerwall 2.0s, plus installation, plus DC to AC inverters for about $14,000 total. Every 10 years another $14,000. It is doubtful you could insure either the batteries or the panels. In fact, your home insurance could be cancelled due to the fire danger of lithium ion batteries. Imagine a 270 pound bomb in your garage. You would replace all this every 10 years. You would still pay for daytime and weekend electricity.
You would get zip on cloudy or rainy days. Folks, THERE IS NO WATTAGE IN SUNLIGHT. Batteries are intrinsically not meant to store much electricity. Period. End of story. The sheeple will eat this stuff up. But, what about the solar panels?
SOLAR PANELS ARE NEVER DISCUSSED
Google "Powerwall 2.0" and you'll notice the solar panels are never discussed. For two Powerwall 2.0 batteries, you would literally a yard full of 16 large solar panels producing about 10 KW. This would set you back $80,000 to pull this off. Yes, $80,000 for the solar panels. The entire idea of solar power is simply insane. Same with wind power and biofuels. You are still going to have a substantial monthly power bill. It's going to cost you $94,000 at the minimum for ten years. $94,000 to PARTIALLY power your house in the evening. That's $9,400 a year to reduce your $110 a month power bill to maybe $50. That defines insanity. $9,400 every year to save $720? Sounds like a plan.
Meanwhile 450,000 people put down deposits on the Model 3, and will never see one. They will never see their deposit back either. The 168 million stock shares are currently $360 with a $59 billion market cap. The price earnings ratio is a MINUS 72!!!!! The return on equity is MINUS 22. They just fired many of their employees as they can’t pay them. How are they going to make almost a half million Model 3 golf carts?
Folks, only hydrocarbon fuels are going to take care of us. There is no such thing as "fossil fuels". That's preposterous. All those massive oceans of oil, gas, and coal were not formed from rotting leaves for God's sake! We have 100 years of known oil reserves. We have 100 years of natural gas reserves We have over 1,000 years of known coal reserves You can make any fuel at all (gasoline, diesel, jet fuel) out of coal for $2 a gallon with the SASOL process. "Our" government has made sure no SASOL plants are going to be built. America is the Saudi Arabia of coal, and we have almost endless coal mines. Yet we have no SASOL plants. Most all of the coal power plants have been shut down and no new ones are being built. We have more than enough oil, gas, and coal right here in America. We don't need to import anything! There is no energy crisis, peak oil, or anything of the kind. We have well over 1,000 years of known hydrocarbon reserves right here in America. Within 100 years we will have fusion power, fuel cells, or God only knows what else. Yes, this is obviously a purposeful plan to impoverish Americans.
TESLA CASH FLOW IN THE TOILET
Tesla is so deeply in debt they will soon go bankrupt. Meanwhile CNBC and Jim Cramer are telling the stupid sheeple to buy more. This short solar report took over an hour of hard research and consulting with one of our readers. Folks, who else is going to tell you this stuff?
MITCH MAKES $6 MILLION A YEAR ON A $193,400 SALARY
Mitch isn't the only one to SOMEHOW make millions of dollars a year. when U.S. senators and representatives are paid $174,000 a year. Theft is legal for them.
GUN CONTROL IS ABOUT CONTROL, NOT GUNS
There are 30,000 gun related deaths per year by firearms, and this number is not disputed. U.S. population 326 million. Do the math: less than 1 in 100,000 citizens dies from gun related actions each year. Less than 1 in 100,000. Statistically speaking, this is insignificant! Out of those 30,000, only about 5,100 are actually homicides.
This now means only 1 in 600,000 people die of criminal homicide. 1 in 600,000.
So, "gun violence" is not 30,000 annually, but only 5,100. Only 4 cities account for one quarter of these deaths. Nearly all black on black killings. 97% of black deaths are due to other blacks. These four cities have totally restrictive draconian gun laws. More gun laws would change nothing.
This is just a partial list of deaths. Over one and a half million deaths vs 5,100 deaths. A total gun ban, like in Europe, would do nothing to change any of this. Criminals will always have guns. Disarming citizens just causes more crime, not less. Gun control is about control, not guns. The Second Amendment is second only to free speech. That's how important it is. The only thing between us and a totalitarian government are the one hundred million gun owners in America. It is not about self defense- it is about freedom from government control. Protection from the government is the reason.
(The above is a rewrite of Ted Nugent's statement on guns.)
Noah Webster: "Before a standing army can rule, the people must be disarmed, as they are in almost every kingdom in Europe. The supreme power in America cannot enforce unjust laws by the sword, because the whole body of the people are armed and constitute a force superior to any band of regular troops that can be, on any pretense, raised in the United States. A military force at the command of Congress can execute no laws, but such as the people perceive to be just and constitutional; for they will possess the power."
"The government consists of a gang of men exactly like you and me. They have, taking one with another, no special talent for the business of government; they have only a talent for getting and holding office. Their principal device to that end is to search out groups who pant and pine for something they can't get and to promise to give it to them. Nine times out of ten that promise is worth nothing. The tenth time is made good by looting A to satisfy B. In other words, government is a broker in pillage, and every election is sort of an advance auction sale of stolen goods." … H.L. Mencken
OVERPOPULATION IS THE WORST PROBLEM THE WORLD FACES
We now have 7.6 billion people on earth, and exponentially growing. Most of them are breeding like cockroaches. Most of them are stupid, uneducated, lazy, and cannot even feed themselves. We have published lists of which countries breed the most. Niger, Mali, Uganda, Afghanistan, Sierra Leone, Burka Fasino, Somalia Angola, Liberia and Congo are the top 10. The top 40 are almost all African countries. Niger has a birth rate of 50 for example, compared to Germany at 8. Google "Wikipedia List of Countries by Birth Rate", and see for yourself. The list of most surprising in a lot of ways. China is shrinking in population- down to 13- due to birth laws. Some South American countries also are shrinking like Brazil at 16. Others like Guatemala are at 29. Every white country on earth is shrinking in population at 8 to 14. India is down to "only" 23!
The ideal is 500 million people on earth. One half a billion, not 7.6 billion. That's right, 93% have to go. We should only have 7% of the current population. Imagine America down to only 23 million people. Wow. China with only 97 million. India with only 93 million. Indonesia with only 18 million. These are the four largest countries in the world. A 93% population reduction would mean plenty for everyone willing to work. It would mean almost no more wars, and no looming threat of nuclear war. There would just not be any reasons to go to war.
"You can have everything in life that you want if you just give enough other people what they want." — Zig Ziglar
In 2002 Warren Buffet warned about derivatives. There are far far more derivatives in the world than the total GNP of every nation combined. When, not if, they implode the entire world economy goes down. Again, all debts get paid all the time every time, either by the buyer or the seller.
“The derivatives genie is now well out of the bottle, and these instruments will almost certainly multiply in variety and number until some event makes their toxicity clear --- They are financial weapons of mass destruction, carrying dangers that, while now latent, are potentially lethal. --- Calling derivatives garbage is an insult to garbage.”
HOW TO THINK LIKE A LIBERAL
· America’s Constitution is outdated.
· Karl Marx was a great economist.
· The Civil War was about slavery.
· FDR’s New Deal saved America.
· Germany started 2 World Wars.
· 6 Million Jews were gassed in ‘The Holocaust’.
· Picasso was the greatest artist.
· Einstein was the smartest man in history.
· Senator Joe McCarthy was evil.
· Martin Luther King was a Saint.
· Capitalism is about greed.
· Socialism is about charity.
You can’t exist without government help and aid.
· Men and women are the same.
· There is no such thing as race, just one human race.
· Man ‘evolved’ from pond scum.
· Global Warming is a proven fact.
· There are no government conspiracies.
· Homosexuality is normal.
· Guns are evil.
Religion is irrelevant.
BUY SILVER AT $17
The world is hopelessly awash in debt. The derivatives far exceed the entire GNP of the planet. In America the stock bubble is about to burst. The bond bubble is also about to burst. The real estate crash is already starting in California. We now have $1.3 trillion in student debt. We have an equal amount of credit card debt. Another equal amount in car and truck debt. The dollar is on a greased slide to Hell. We are drowning in debt. Debts do not go away- they get paid by the buyer or the seller. YOU WILL PAY THE DEBT!
You, the taxpayer, the worker, the average citizen will pay the debt. What can you do? Buy silver bullion and hold it yourself. Silver is the most undervalued asset on earth. It is six times better than gold. It is your only financial and economic salvation. Sell your IRA/401k, take the penalty, and buy silver. The poorer you are, the more important it is that you do this. You can see the future by taking a good, hard look at today. The future is very dark, and nuclear war is down the road. Great events cast their shadows before them.
Be prepared. Be ready for whatever is coming. Prepare in every way you can. We have covered this repeatedly in previous rants. America has failed after 241 years. It is now a socialist/communist police state with no Constitution or Bill of Rights. Congress is nothing by a parliament of whores obedient to Holy Israel. Nothing good is ahead of us.
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