Welcome to Roger's Economic Rant
October 2011 Economic Rant - Roger Mason
On Monday October 3 silver will be $30. Buy all you can.
"Those who give up their liberty for more security neither deserve liberty nor security." -Benjamin Franklin
“Most people want security in this world, not liberty.” -H.L. Mencken
THE LONDON GOLD EXCHANGE SHUT DOWN PERMANENTLY ON 9/26.
Folks, this is huge! The London Gold Exchange shut down permanently with no warning whatsoever. This exchange has operated for over a decade now. Yes, this is good for us.
This can only make gold and silver go up in price. Did CNBC even mention this?
How can you tell whether a newsletter or author is honest? We’ve told you that popular authors such as Peter Schiff, Max Keiser, Jim Rogers, Alex Jones, Doug Casey, Rush Limbaugh, Michael Savage, Neal Boortz, Marc Levin, Sean Hannity, and Glenn Beck are all just phonies. Ask yourself four questions:
1) do they support our evil wars of aggression and keep pushing that “terrorists” crap
2) do they tell you 9/11 was an inside job or do they blame “Arabs with boxcutters”
3) do they actively support Ron Paul
4) do they tell you to buy physical silver and hold it yourself
can’t get the above named talk show hosts to even admit the real
unemployment rate is 23% (not 9%), and the real inflation rate is almost
12% (not 4%). They are too busy supporting our evil wars of aggression
in the Mideast, and yammering about “terrorists”.
Recently both Max Keiser and Alex Jones said Ben Shalom Bernanke was a Protestant and not Jewish. Ben is proud of being Jewish and attends synagogue weekly. Alex Jones, his wife, and children are all Jewish, but he denies this for some reason. Why isn’t he proud of his heritage? Why are all these people lying all the time?
There are very few honest writers out there. Christopher Bollyn, Jason Hommel, Gerald Celente, Jeff Rense, Mogambo Guru, James Turk, and a handful of others. The Rant is free, doesn’t sell anything, and has been 99% accurate for over four years now. If you don’t believe that then you can look at every back issue. These can be seen at www.economicrant.com. Silver was about $15 when we started in mid-2007. It will be over $50 before Christmas. This dramatic correction was just that- a temporary collapse. Your poor old author was wrong in saying the manipulation was over. The Big Banks are stronger than they seemed. Two weeks ago they still had 74,000 short COMEX silver contracts. That is more silver than exists in the entire world, by the way. That is absolute proof of manipulation. This has been reduced to 24,000 net short contracts.
We’ve warned you about sending the NIA any money. Watch their videos for free. Their last $1,000 reco was for the Chinese agricultural stock Agria. Now they are doing an entire list of Chinese stocks they call “undervalued”. In fact they call this preposterous list “the most important report ever”. They’ve lost their minds. This is the worst kind of stupidity. You never buy Russian or Chinese stocks for any reason. They do not honor their contracts. You can NEVER invest in Communism. Now things have gotten so bad you cannot invest anywhere south of Texas. Central and South America are out of the question. Mexico is in anarchy due to the drug cartels. Our three stocks (First Majestic, Impact, and Endeavor) are in danger. Sell all three and buy silver bullion if you want. It is your choice to hold them or sell them. We still hold these three, but it may be a mistake. You’re safer with bullion you hold yourself. Well known silver mines like Silver Wheat-on, Pan American, Fortuna, and Silver Standard have morons for CEOs who invest in the above countries.
Please go to this 60 second YouTube video of Rick Perry literally dancing with the rabbis. Rick’s allegiance is to Israel first and America second. If this link doesn’t work just go to youtube.com and search for “Rick Perry Dancing With the Rabbis”. It is the same story with Obama, Bush, and Clinton. A country of 5 million controls a country of 30 million.
There is a lot of convincing talk that the “earthquakes” in DC and Denver were under-ground nuclear explosions. The P and S waves recorded seem to validate this. The shocks recorded were simply not from earthquakes. Your poor old author is not getting into this, and not giving any worthless personal opinions here. There is something very suspicious about this. You do not get earthquakes in DC for God’s sake! History proves this. Something stinks here. They may well have been underground nuclear explosions.
The green wave is the actual official recorded wave of the Virginia “earthquake”. The black wave is a recording of a real earthquake. Obviously it was not an earthquake.
On September 16 CNBC did their usual disinformation campaign. They brought on the gold “expert” who said 1) bullion is too expensive, 2) silver doesn’t exist, and 3) buy Barrick gold stock. Barrick believes in short hedging, so they lose money as the price goes up. It seems as if Obama himself runs Barrick since it is managed so badly. Then they told you to go store your gold and silver at International Gold Bullion (IGB) instead of holding your own. IGB is like SLV and GLD- they don’t have the bullion they sell. It’s all paper folks! They sell paper to the sheeple.
The U.S. Dollar is doomed despite the temporary run-up to 78. Your poor old author dumped his massive short position, and got an even massive-er position in those December 2013 $75 silver call options. Again, you need a commodities futures broker to play that game, but you could easily get a 40 to 1 return in 2 years. Yes, your poor old author bought the calls at $41 silver, and it is now only $30. This makes them a MUCH better buy. In 27 months silver will be well over $100 and the profits stunning.
The rant has been published over four years now. Silver was about $15 when we started. It will soon be $50. There is a 99% accuracy rate. Why? If you take a good look at today you can see tomorrow. Great events cast their shadows before them. Pay attention and you can see the trends. We have not attacked Iran yet, but the neocons are just salivating over that, and have every intention of doing so. All the back issues are at the website
(www.economicrant.com) if you want to see the 99% accuracy for yourself. Yes, we will have a military draft. It’s just a matter of time before we run out of cannon fodder for these evil wars of aggression we keep waging. The only thing that would prevent a draft is millions of unemployed men (and women) joining the military in desperation. You know, like they do in North Korea. More and more we’re a third world country.
“Military men are “dumb, stupid animals to be used” as pawns for foreign policy.” Henry Kissinger said this, and is quoted in the book Final Days by Woodward and Bernstein. Remember that these two authors are left wing liberals. Kissinger also said,
"The security of Israel is a moral imperative for all free peoples." Remember that Kissinger was never elected to any office at any time despite his immense power.
We keep telling you this is End Times. This does NOT mean Jesus is coming back, and the Four Horsemen of the Apocalypse are coming down from the sky. It means life as we have known it on earth is over. For the first time in human history there is not one square inch of freedom. We now live on one big Prison Planet with almost 7 billion brain dead stupid clueless ignorant sheeple. They are breeding like cockroaches, and this will soon be 10 billion, then 20 billion. This earth should only have about a half billion people. We have 14 times (1,400%) too many people on earth. There is nowhere to go. Nowhere. Australia and New Zealand are the least worst, but both are socialist shitholes where the government micromanages the lives of the sheeple from birth to death. Every year, all over this earth, the inhabitants vote for even more government control of their lives, less freedom, and more poverty. If that doesn’t define End Times, then nothing does.
Obama’s insane jobs bill and $1.5 trillion increased tax will pass. This is another Marxist bill designed to destroy America like his health care plan. Two thirds of the sheeple are cheering for this. It is surprising it is not 97%. We cannot possibly come up with $1.5 trillion dollars in new taxes. Half of everyone pays no taxes at all. In fact, half of everyone is sucking the life out of this system, and get some kind of a “gummint check” every month. The top 1% already pay 40% of all federal taxes. Isn’t that enough? When you add the state taxes this comes to a full 50%. Warren Buffett’s secretary does NOT pay more income tax than him. He pays much more income tax than the middle and lower classes. Most all of Buffett’s money is in investments at the standard 15% capital gains tax that everyone pays. Remember that when you raise capital gains taxes you get LESS tax money. Punishing investors is stupid, doesn’t work, never has worked, and never will work. It would be nice to have zero capital gains tax and encourage every citizen to invest their money wisely. There is no way in hell we can possibly collect $1.5 trillion in new added taxes. Remember the entire GNP is only $12 trillion. 50 million taxpayers would each have to pay $30,000 apiece to even think of doing this. That isn’t even remotely possible. It is not possible in any way, shape or form to get the top 50 million taxpayers to come up with $30,000 each every year if you put a gun to their head. It is physically not possible. Everyone is going to get taxed heavily.
Obama actually seriously needs Teleprompters to speak to 8 year old school children. Notice the podium, the speakers, the Secret Service agent. No president in history ever required all this crap to talk to children. He is incapable of talking to children without a teleprompter!
We have 820 military bases in 135 countries. We need zero. We need to cut out military budget 80% or even 90%. We now spend half the world military budget. 5% of the world population spends 10 times (1,000%) more than they need to. You could even justify spending 10% of the world military budget IF we closed every base outside of the country and brought every soldier home. If you really care for our soldiers then bring them home. “Support our troops” really means bring them home now.
The real unemployment number is 23%. During the Great Depression it was 25%. What is the difference? It is going to 40%. The Much Greater Depression will make the last one look like a Sunday picnic. The Much Greater Depression started years ago.
Doug Casey has lousy investment advice, hates silver and always has, but he may be the most eloquent libertarian of all. Here is what he said about democracy:
”Democracy is just mob rule, dressed up in a coat and tie. It is too bad people confuse democracy, which is mob rule, with liberty and freedom. Democracy in most of the world is everybody voting for the person that promises him or her the most stolen goods from other people. Democracy is a political system, and all political systems rest on institutionalized coercion. Whether it is a king, a president, a congress, or a mob of chimpanzees, they dictate having to pay 50% of my income over to them so they can fund wars, welfare programs, the police state, oligarchic corporations, or whatever. That is what democracy is today. Regrettably, the average person has been programmed to think democracy is a high moral good, much as his ancestors were programmed to believe that monarchy was the way. The only kind of democracy that can be supported is the democracy of the free market. Vote with the dollars. Anything that wanted or needed can be gained by production and trade. The democracy we currently know is a fraud and a delusion."
“Democracy is a pathetic belief in the collective wisdom of individual ignorance. Every decent man is ashamed of the government he lives under.” –H.L. Mencken
In 2007 silver fell by almost 57% from about $21 to almost $9. This time it “only” fell 47% from $49 to $26. It may fall further. The lower the price goes the better a buy it is.
The commercials reduced their COMEX short positions 16,000 all the way down to 24,000 net short. This is huge. J.P. Morgan and three other large banks hold 80% of these short positions. Soon the commercials will dump all their short positions and go long. This is when silver is going to go ballistic. This is wonderful news!!!
Look at the ten year gold chart below courtesy of stockcharts.com. The commercials reduced their COMEX short positions why a whopping 31,000 contracts down to 167,000 net shorts. This is huge, too. The 40 day moving average shows That gold is still way ahead of itself at 1700 or even $1,600. It should fall back to $1,500 or even down to $1,400 to come back to the mean. Silver has fallen back to $26 and recovered. That should be the bottom for both. In 2007 gold and silver collapsed even worse, and it took three years for them to recover and make new highs. This will not be the case this time. People are buying all the silver and gold they can at these prices. On October 3 to 7 look for both gold and silver to bottom finally. This week should be the final bottom folks.
Load up on all the silver you can at $30 on Monday. Do not wait for it to go any lower. Just load up at $30 and be thankful. Bags of junk pre-1965 coins are your best buy.
The FDA is going to take away all vitamins and food supplements. They do not need Congressional approval or anything else. They are a power unto themselves. All normal food supplements will be by prescription only and impossibly expensive. Just like in Canada, Europe, Asia, Australia, and New Zealand. America is the ONLY civilized country in the world you can buy natural food supplements. Send an email to Margaret Hamburg at Margaret.Hamburg@fda.hhs.gov. You can write her at FDA, 10903 New Hampshire Ave., Silver Spring, MD 20993. Just tell her not to restrict food supplements with NDI regulations. Keep it short and simple. Two or three sentences. Now go to the FDA comments website:http://www.regulations.gov/#%21submitComment;D=FDA-2011-D-0376-0001. Tell them in 2 or 3 sentences you do not want new NDI supplement regulations. Also, go to www.downsizedc.org and get on their mailing list. Send them money, support them. They are the real deal and are trying to stop the FDA. Tell all your friends. Have them send the email and make a comment. If enough people protest this will all be dropped. If you don’t, we will have no supplements.
The media will tell you our National Debt is only about $30 trillion, or about twice the Gross National Product (GNP). This is patently ridiculous. Our unfunded national debt is at least $170 trillion dollars or even worse. This is about 12 times the GNP and cannot possibly be paid. This is why the Much Greater Depression is inevitable and unavoidable. It is going to make the Great Depression look like a Sunday picnic. Each man, woman, child and infant in America owes over a half million dollars.
EVERY U.S. CITIZEN OWES A HALF MILLION DOLLARS IN NATIONAL DEBT
Let’s look at some basic financial figures just to get some kind of fix on this:
US TAX REVENUE: $2,170,000,000,000 (TRILLION)
TOTAL U.S. GNP $14,700,000,000,000 (TRILLION)
FED BUDGET: $3,820,000,000,000 (TRILLION)
NEW DEBT: $1,650,000,000,000 (TRILLION)
NATIONAL DEBT: $170,000,000,000,000 (TRILLION)
RECENT BUDGET CUT: $38,500,000,000 (BILLION)
Now let's remove 8 zeros and pretend it's a household budget.
ANNUAL FAMILY INCOME: $21,700
MONEY THE FAMILY SPENT: $38,200
NEW DEBT ON THE CREDIT CARD: $16,500
OWED BALANCE ON CREDIT CARD: $1,700,000 (1.7 MILLION)
TOTAL BUDGET CUTS: $385
Now, can you see how totally and completely hopeless all this is?
In 2007 silver fell from $21 to $9. Smart people loaded up. Smart people made a lot of money. Let’s go over the four basics one more time….
BE RIGHT AND SIT TIGHT
BUY VALUE AND HOLD FOR THE LONG TERM.
BUY AND HOLD AND ADD ON DIPS.
NEVER TRADE, NEVER TRADE, NEVER TRADE
That’s it for the October Rant. See you in two weeks with the Late October Rant.
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