Welcome to Roger's Latest Monthly Economic Rant
| - 2007
December 2017 Economic Rant - Roger Mason
For the average American, freedom of speech is simply the freedom to repeat what everyone else is saying, and no more.
Venezuela to ban all cash. Their 100,000 Bolivar note is worth about $2.50 now. Maduro will “solve” all that by banning all cash. The citizens voted for Caldera in 1994. They voted for Chavez in 1999. Then they voted for Maduro in 2013. SCREW THEM. Let all the stupid bastards starve in the streets. They worship socialism and communism, and this is exactly what they deserve. If an election was held today, they would just vote for an-other communist- who would promise to give them more free crap. If they all die today, Venezuela would be an infinitely better place. They are blessed with good climate, fine soil, many natural resources, and oceans of oil. They are starving to death in a potential paradise. If we could get rid of all the people, the country could become the most ideal on the planet, with the highest standard of living. India, Norway, Sweden, and Denmark are almost cashless, and many other countries in Europe are going to join them.
Singapore is 61% cashless, Netherlands 60%, France 59%, Canada 57%, Belgium 56%, U.K. 52% and America 45%. America is already 45% cashless. Millenials love the cashless society and usually have no bills or coins at all in their pockets. If there was an Internet breakdown they would starve to death. The Bitcoin and cyber currency mania is an important pillar in the cashless nightmare.
Look at the explosive rise in Bitcoin...
Bitcoin has no value at all in any way. Yet the sheeple are investing their life savings into it and other cyber currencies. This is obviously mass psychosis.
DO NOT BUY BITCOIN OR ANY CYBER CURRENCIES
In 1636 to 1637 we had Tulipmania. Normally intelligent and rational people were paying fortunes for tulip bulbs. Well, cyber currencies are much much worse than the tulip bulb insanity. For you Rocket Surgeons out there who think they can put a trailing stop on your JunkCoin position, that ain't gonna work. It will be all sellers and no buyers when the market starts to crash.
A CASHLESS SOCIETY IS A FEUDAL SOCIETY OF SERFS
'GOING CASHLESS' MEANS. ALL CIRCULATING DOLLAR BILLS AND COIN ARE WITHDRAWN BY THE GOVERNMENT. THE CASH IN YOUR POCKET IS YOURS TO USE, BUT NOT TO OWN. IF CASH IS CANCELLED, YOUR LIFE SAVINGS WILL BE TRAPPED IN A DIGITAL BANK ACCOUNT. YOU WILL BE GIVEN A GRACE PERIOD TO TURN IN YOUR BANK NOTES AND COIN, BUT YOU WILL BE FORCED TO TURN IT IN, OR BE LEFT HOLDING PIECES OF PAPER WORTH NOTHING. YOU WILL BE ISSUED A DEBIT CARD TO ACCESS YOUR BANK ACCOUNT OF WORTHLESS, UNBACKED DIGITAL 'MONEY', BUT THE BANK WILL OWN THE CARD. JUST LIKE THE CASH IN YOUR POCKET, YOU WILL HAVE THE USE OF THE CARD, BUT NOT ACTUALLY OWN IT.
ONCE ALL THE CASH IS TURNED IN, THERE WILL BE NO WAY TO REMOVE YOUR SAVINGS FROM THE BANK. ALREADY TODAY, ANYONE WITH A BANK ACCOUNT IS LEGALLY AN 'UNSECURED CREDITOR' OF THE BANK. THIS UNSECURED STATUS MEANS THAT WHEN YOU MAKE A DEPOSIT TO YOUR AC-COUNT, YOU HAVE LOST ALL CONTROL OVER IT. IN OTHER WORDS, THE BANK HAS YOUR MONEY, AND YOU DO NOT. THERE IS NO PHYSICAL MEANS TO REMOVE YOUR SAVINGS. THE BANK CAN CHARGE ANY AMOUNT FOR THEIR SERVICES, AND PAY YOU WHAT EVER THEY WANT IN INTEREST ON YOUR DEPOSITS. SERVICE CHARGES WILL BE EXTORTIONATE. DEPOSITORS END UP PAYING THE BANK INTEREST, INSTEAD OF PAYING YOU THE INTEREST. IN OTHER WORDS, BANK INTEREST RATES WILL BECOME NEGATIVE. THIS MEANS TOTAL FINANCIAL TYRANNY. THE BANK- OR THE GOVERNMENT- CAN CANCEL YOUR DEBT CARD. THAT MEANS YOU'RE HOPELESSLY DESTITUTE. SINCE ALL TRANSACTIONS USE YOUR DEBIT CARD, YOUR ENTIRE FINANCIAL HISTORY WILL BE AN OPEN BOOK TO THE GOVERNMENT. SINCE KNOWLEDGE IS POWER, YOU BECOME A SERF TO YOUR BANK AND GOVERNMENT. CASHLESSNESS IS SLAVERY.
"It is in the interest of tyrants to reduce the people to ignorance and vice. For they cannot rule in any country where virtue and knowledge prevail." — Samuel Adams
Thanks to the Patriot Post for the above cartoon.
THE REAL UNEMPLOYMENT RATE IS OVER 40%
102 MILLION WORKING AGE AMERICANS ARE JOBLESS. We keep telling you that the real unemployment rate is 24%, but it is actually much worse due to a lot of factors. Many people have given up on getting a job, and aren't counted. Many people get Social Insecurity Disability checks they don't deserve. Many people have taken jobs far below their abilities and education. The percentage of able bodied people who actually have a job has never been lower in this country. During the Great Depression the unemployment rate was "only" 25%. Taking these factors into consideration, the real unemployment rate is north of 40%. This is much worse than the Great Depression obviously.
102 MILLION WORKING AGE AMERICANS DO NOT HAVE A JOB
FAKE LAS VEGAS SHOOTING UPDATE
Survivors of the government sponsored massacre are being killed off to shut them up. So far FIVE OF THEM HAVE BEEN MURDERED. The whole thing was done so badly it is pitiful. Videos prove there were at least SEVEN separate shooters in seven different locations. The survivors are telling the truth, and the media version is preposterous. The media is still pushing the Paddock-only story. The Huffington Post claims the police reported Paddock fired 1,100 shorts from his hotel room in the Las Vegas fake shooting. Well, official police photographs show about 24 empty shells on the floor. Actually, Paddock probably didn’t fire one shot. Videos of the shooting prove there were at least seven shooters from seven different locations. Why can’t the media simply report these facts? BECAUSE IT WAS A GOVERNMENT MASSACRE OF THESE PEOPLE. What was the agenda? That is yet to be revealed.
Never forget that socialism is the bridge to communism (Lenin said that).
Socialism is the equal sharing of misery, the gospel of envy, the philosophy of failure, and the creed of ignorance.
RON PAUL SUCKS
Ron Paul is now on TV hawking IRAs based on Bitcoin!!! This isn't a joke. He wants you to invest your life savings in a computer entry with no value whatsoever in any way. shape, or form. He is a real piece of shit. He won't even come out and admit all of the "mass murders" are some form of government hoax. He refuses to say one honest word about Israel. He's very old, sickly, and a multimillionaire. Why is he prostituting himself for money? Because he's no good, that's why. He is going to leave his millions to his family rather than the public good or good conservative charities and foundations. He sure had a lot of people fooled for a long time. There is no more Libertarian Party either.
In a country that is set to see 8,000 retail store closings this year (more than in 2008), where not a single person is employed in nearly one out of every five U.S. families and almost 60% of people do not have enough money saved to even cover a $500 emergency expense.
THE RETAIL SECTOR IS COLLAPSING
Here are 20 different major retail chains that have closed at least 50 stores so far this year.
1. Abercrombie & Fitch: 60 stores
It gets worse. Look at these year to date stock collapses...
BIG BANKS STILL HEAVILY SHORT SILVER AND GOLD
We won't detail the COT report, because it's worse than ever as of Monday the 27th. The open interest is still terrible as well. The only good news is that the dollar is failing. The more the dollar falls, the easier it is for gold and silver to go up. The purple lines show the commercial short positions. All manipulations end badly, and this one will soon end very badly for the manipulators. Meanwhile load up on (under) $17 silver and be thankful. Silver is the most undervalued asset on earth.
SILVER SUPPLY IS DOWN, WHILE DEMAND IS UP
Silver production is falling for the third year in a row. Silver demand has risen every year for decades. The "available" silver is actually not available at all, since nearly every ounce in held in strong hands. Very strong hands. Remember, JPM alone has over 500 million ounces in their vaults.
TESLA IS GOING BANKRUPT
If you want a $250,000 Tesla Super Roadster, you have to give Elon all $250,000 in cash, and wait three years. Of course, by 2020 Tesla will be bankrupt, and Elon will be laughing at you. TSLA stock is failing. He's already a billionaire, so he doesn't need to lie, cheat, and steal. He's split from Johnny Depp's psychotic, tattooed, worn out, over the hill, drug addicted ex-wife. That's the best he could do. That’s how much he thinks of himself.
TESLA STOCK IS FAILING
TSLA stock has fallen from a high of 383 in June down to 318. Secondly they are claim-ing they will have an electric flying car by 2020. They also claim they will have a large electric delivery truck. Remember that every time Elon sells a car, a $10,000 subsidy comes out of your pocket to sweeten the deal. Yes, YOU pay $10,000 for every car he sells. He’s a multi-billionare, but he needs government subsidies. In countries that ended the subsidy, sales went to zero overnight. Meanwhile Kosher Jim Cramer and all his friends are telling people to buy, buy, buy TSLA stock.
NATIONAL DEBT IS 1,400% OF GROSS NATIONAL PRODUCT
We have a real national debt of over $200 trillion- not the fake $20 trillion the government trots out. Our GNP is down to probably $14 trillion, not the $18 trillion fake government figure. This means our debt to GNP ratio is an insane 14 to 1!!! This has never happened in 241 years of American history. A fourteen times debt to GNP ratio is totally out of touch with reality. The greatest depression the world has ever seen is right ahead of us. Imagine you make $10 an hour, but are $280,000 in debt. If you lived to be 1,000 years old, you could never even begin to pay it off. That is the situation we're in folks. We have a real national unfunded debt of about $200,000, not the ridiculous $20,000 figure you hear all the time. That could be paid off with time and austerity, and a return to free markets. Out GNP is down to probably about $14 trillion. The real debt is FOURTEEN TIMES THAT. All debts get paid all the time, every time. Either the buyer or the seller pays it off. Well, the government certainly isn't going to pay anything, because they're so bankrupt they can't see daylight anymore. YOU ARE GOING TO PAY THE $200 TRILLION DEBT.
Just imagine you make $12 an hour ($24,000 a year), but owe $336,000. Even if you paid it off at $100 a month, with no interest, it would take you 300 years to pay it all. With interest you would never pay it off. Also, consider that GNP is not profit at all; it is merely total production without profit. That would probably equate to about 3,000 years to pay it all in full.
Look at this 17 year chart right from the U.S. Commerce Department. Everyone is buying online, and brick and mortar stores are failing. Department stores are failing even more.
OPIATE DEATHS NOW COSTS $500 BILLION A YEAR IN U.S.
The total GNP for America is down to $14 trillion, and a half trillion a year loss is caused by the opiate death according the to Council on Economic Advisors. In the last Rant we explained that nearly all of this would end if we would simply legalize all drugs for all adults. In fact, we could just legalize the mere possession of drugs, and all this would end. Actually we could just decriminalize the possession of drugs with civil penalties. In Portugal all drugs were decriminalized 20 years ago. Now they have 3 opiate deaths per year per million people. West Virginia has 415 deaths per million. The War on Drugs really has nothing to do with drugs. It is all about control and creating a police state. The drug laws are the cause of addiction epidemics, tens of thousands of overdose deaths just here in America, the extreme incarceration rates, and all the rest. All drugs should be legal for all adults. Anyone committing a crime while under the influence of any drug (especially alcohol) would get doubled penalties.
GO TO PRISON FOR HAVING AN OPINION ABOUT THE HOLOCAUST
In 18 countries you can go to jail for having a historical opinion about World War II. If your opinion is that there were no gas chambers, and no mass murders of Jewish people, you can go to jail. People are seriously going to jail for having this opinion, especially in Canada and Germany. What happened to free speech? What happened to the First Amendment? What are these people afraid of? The truth? If, in fact, the Germans actually committed mass murder with gas chambers, then that would be inarguable. Facts are facts, and can’t be changed. You don’t need laws to protect facts. Facts protect themselves. Reality doesn’t need to be protected. Truth stands on it’s own.
WHY IS IT ILLEGAL IN 18 COUNTRIES TO QUESTION THE HOLOCAUST?
There wasn’t one single death camp in Europe. There wasn’t one single gas chamber in Europe. Auschwitz was not a death camp, and did not have a gas chamber. Neither did the other five camps. There were no gas chambers. Back then it took about four hours to cremate a body. There is a lot of down time with cremation ovens for maintenance as well. The official claim is 15 minutes per body- with no down time. Preposterous. Ovens running 24 hours a day, 7 days a week, 365 hours a day. Why did the camps have ovens? Many people did die in World War II, 70 million actually. Ovens were needed, as this is far more practical than mass burial. Today, every city has cremation ovens, but no holocausts has been reported. All cities have cremation services. These are facts.
The Jewish Kaballa is based in part on numerology, and the number 6 is magical to them. A six pointed star. Six German death camps in Europe. Six million killed. The six day war. The number 666 on your forehead- the mark of the beast. Monster® energy drinks have the number 666 in Hebrew letters (vav is 6) as the green M on the can. Very superstitious people.
HYDROCARBONS SUPPLY 84% OF OUR ENERGY
Gas, oil, and coal supply 84% of our energy needs every day. There is no such thing as “fossil fuels”. Gas, oil, and coal did not come from rotting plants and animals. That’s too preposterous to even discuss. There is no “energy crisis” and never has been. We have 1,000 years of known coal reserves on our own soil. We have 100 years of know oil reserves and another 100 years of gas reserves. We repeat endlessly: 1) there is no wattage in sunlight, 2) it takes more energy to produce biofuels than you get back- a net loss, and 3) windmills have failed totally all over the world. You can make any fuel you want from coal for $2 a gallon with the SASOL process. Those “evil nazis” invented this back in the early 1940s. The government won’t allow one SASOL plant to be built though.
AMERICA IS A THIRD RATE COUNTRY IN MANY WAYS..
U.S. life expectancy is 79.3 years compared to...
This does not happen because these countries are more socialist than the U.S. Quite the opposite. For instance...
The U.S. has by far the highest tax burden as a percentage of GDP...
The U.S also has the highest maximum personal tax rate...
And the highest corporate tax rates too...
DOW THEORY SHOWS STOCK MARKET IS WEAK
This 3 month chart shows the Dow Jones Transportation (DJT) is very weak. Never forget that Dow Theory works. Dow Theory says the DJI, DJT. and DJT must move together in synch for a true trend to be established. The DJI is a house of cards built on hot air and false hope. It will crash soon, and it will be a disaster. The DJI is almost 24,000 as this is sent out. This is insane. What can't go on, won't go on. Insanity rules!!!
CALIFORNIA HOME SALES CONTINUE TO COLLAPSE
This one year chart is very important. The People’s Republic of California has the biggest housing bubble in the country. As we’ve reported before, it is bursting.
This will spread east and you'll see the worst housing crash the world has ever seen. The greatly bloated median home price of $247,000 will fall to about $100,000. The average family cannot possibly afford a $247,000 house. Impossible! This is why you see tens of millions of new apartments being built all over America. Our standard of living is going totally to hell- just like Europe.
HOUSING BUBBLE II IS BURSTING
Housing Bubble I burst in 2008. That was just a warm up and a warning. Housing Bubble II may burst in 2018. Watch the California housing market, and we'll keep reporting on it. Dr. Housing Bubble is a fine site for this, as is Wolf Street. As goes California, so goes the nation. They have the very worst bubble of all in the People's Republic. The entire state has been bankrupt for decades and will crash and burn.
The very worst housing bubbles are Boston, Seattle, Denver, Dallas, Atlanta, Portland, San Francisco, Los Angeles, and New York City.
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