Welcome to Roger's Economic Rant
Late October Economic Rant - Roger Mason
Sell your 401k or IRA and buy silver bullion. Hold it yourself. The government is going to forcibly convert your entire life savings into worthless Treasury annuities. Yes, they will. Yes, this has been done in other countries, and will be done in America. One morning you’ll wake up and see Saviour Nobama’s ugly smiling mug on TV telling you your life savings has been converted to a Treasury annuity for your own “safety” and “protection”, and for the Greater Good of America! You have to sell your IRA or 401k, take the penalty, and put all your money into silver bullion.
Look at the graph below. Look at inflation since 1980 over the last 30 years. We are facing the worst hyperinflation America has every seen. This will rob you of your life savings. The way to save yourself is with silver or gold. Silver is four times better than gold. We are going to see hyperinflation on the level of the Weimar Republic, or even Zimbabwe. You will see food prices triple. No more spending 10% of your income on the best, least expensive food in the world. You’ll spend 30% of your income and cut back severely on what you eat.
Charles Evans, President of the Federal Reserve Bank of Chicago, is now saying that inflation in the U.S. is too low and the Federal Reserve needs to publicly declare a new goal of having inflation that is much higher than its informal 2% target. William Dudley, President of the New York Federal Reserve, is calling current low levels of U.S. inflation "a problem" because "it means slower nominal income growth". Hyperinflation is coming!
"I don't have the slightest interest in gold. I like understanding what works and what doesn't in human systems. To me that's not optional; that's a moral obligation. If you're capable of understanding the world, you have a moral obligation to become rational. And I don't see how you become rational hoarding gold. Even if it works, you're a jerk." … Charlie Munger, Warren Buffet’s business partner in a speech delivered at the University of Michigan in October.
Warren Buffett is on record as hating gold and silver, even though he was the largest owner of silver in the world just five years ago. Warren’s famous Berkshire Hathaway (BRKA) stock has failed miserably, and is losing money year after year. Nevertheless, he is trotted out every week by the media to tell you to, “buy stocks, and buy stocks for the long term.” Meanwhile silver and gold have more than quadrupled in the last ten years. BRKA has lost money.
On national TV this month Warren said we need higher taxes and more taxes. He said we need more government and bigger government. Government ”isn’t doing enough.” The truth is that government is the problem, but he wants more taxes and more government! He’s not only senile, but outright evil. This is exactly what Karl Marx and Vladamir Lenin were saying. Did you know the top 1% of American taxpayers pay a full 40% of all income taxes? Did you know the bottom 47% of Americans pay NOTHING at all? Yet, all we hear is, “tax the richest 2%”. That sounds great on the surface, until you realize that taxing the 2% rich even more is going to hurt the other 98% very badly. The rich are already paying almost half the income taxes. When you tax them more they stop hiring employees, stop expanding, stop opening businesses, stop renovating, and everyone suffers. The rich are already being overtaxed. Taxing them anymore will not merely hurt the rich- it will hurt everyone. 47% pay no income taxes at all, and the top 1% pay 40%, but we’re supposed to “tax the rich” even more. This is guaranteed to hurt the other 98% very much. The top 1% are already paying almost HALF of all income taxes.
No, there are no “secret loopholes” for the rich. That’s a Big Lie. We have the best accountants available, and pay almost half our income every year in income taxes. No, you cannot hide behind “offshore tax havens” or anything else. None of this is true. Also, Obama defines the richest 2% as anyone grossing over $250,000, even if their profit margin is only 10%, and they only make $25,000. That comes to a lot more than 2% folks. Did you know Homeland Security bought 500 mobile X-ray machines to X-ray cars and trucks as they drive down the highways? Hard to believe, isn’t it? That’s right; the police are going to secretly X-ray you as you drive down the street.
Senate Bill S-510 Food Safety Act will make it illegal for you to grow vegetables in your own yard and give them away. Not just sell them, but give them away. This bill will destroy agriculture in America. Is the media telling you about this bill? Of course not. It’s already passed the House, and has some Republican backing as well as overwhelming Democratic backing. This will put our very food supply under government control just like Cuba and North Korea. Every week Marxist bills get passed that you are never told about. You have no idea how bad things really are. Just Google “Senate Bill S-510” and see for yourself. This bill alone will destroy American agriculture. During the last Depression 30% of all Americans were famers. This is why everyone survived the Great Depression. Now it is only 2%. Many people will not survive the Much Greater Depression. Food shortages are coming, and food prices will literally triple. You will pay 30% of your net income just to eat, instead of the 10% you pay now. And you won’t eat like kinds and queens anymore.
The fifth cabinet member left this week. General James Jones got out while the getting was good. He was the fifth rat to jump ship, and there will be a lot more. The smart ones are jumping ship while the jumping is good. They do not want to be blamed for the coming collapse of America as we knew it. They do not want to be held responsible for the Much Greater Depression- which started many years ago, and is picking up steam by the day.
Housing prices will continue to crash for another three years or longer, along with commercial and office buildings. You will see the median U.S. home sell for $120,000 and maybe even $100,000. You will be able to buy that average home for a mere 600 ounces of silver or 24 Krugerrands. Can you imagine that? Silver used to be $1.25 and ounce and gold $35 an ounce. In the next five years you can buy a nice home for 600 ounces of silver or 24 ounces of gold. 1 in 7 Americans cannot even pay their mortgage. This will just get worse.
Don’t think you’re going to change anything by electing some pseudo-conservative Republicans next month. There isn’t a nickel’s worth of difference between Republicans and Democrats. The Tea Party was watered down into meaninglessness almost as soon as it started. Have you seen one single Tea Party candidate who wants to end all the insane, immoral wars in the Mideast? Have you seen one single Tea Party candidate that wants to close all the military bases overseas? Or one that wants to audit Ft. Knox? Or leave the United Nations? Or end the Federal Reserve? Or end all foreign aid? Of course you haven’t. If you want to vote for the Lesser of Two Evils go right ahead. You’ll still be voting for evil. Vote Libertarian or Constitutionalist where you can, or don’t vote. Sad to say, there are almost no Libertarian candidates at any level. Only 1% voted Libertarian for president two years ago. 99% voted for Marxism or Neoconism- big difference! The Tea Party is a total joke, and just chose Governor Christie of NJ and Sarah Palin as their choices for President in 2010. Liberal Lou Dobbs moderated the national Tea Party Conference. The Republican Tea Party candidates in November are all phonies. Hannity, Boortz, Savage, Limbaugh, Levin, Beck, and the rest of the disinformation agents keep telling you to “save America” by electing worthless phony Republican Tea Party candidates. Voting for the lesser of two evils is still voting for evil! Why vote for any evil? Never forget there is only one party in America- the Republicrat Party. Two sides of the same political coin. No difference whatsoever. Tweedle Dum and Tweedle Dee. Republicans have caused half the damage to this country, or have you forgotten about the Patriotic Act?
The real unemployment rate is well over 20%, and getting worse by the day. Anyone who tells you the official government figure of 9.6% is a liar. That makes all the radio and TV
“conservative’ talk show hosts liars. Hannity, Levin, Savage, Boortz, Limbaugh, and Beck are all disinformation agents. That includes disinformation agent Alex Jones. Actually the unemployment rate is much worse than 20% plus. Many people have just given up on finding a job and are no longer listed. Many have taken jobs they are overqualified for just to get a pay-check to cover the rent and groceries.
Brazil just went totally Communist. They were already very close, so it’s no big deal. Did you know they have over 200 million people? Two hundred million mindless sheep. Brazil is almost irrelevant in the world except for some agricultural exports. This country is larger in size and population than Russia, but has almost no influence or effect in the world. Why?
Because the people are ignorant, uneducated, and lazy. Now they have chosen Communism.
If you thought the H1N1 flu vaccine scam was bad, now the powers-that-be are pushing the pertussis (whooping cough) vaccine scam as well. The Peoples Republic of California has just mandated all children in public (e.g. government) schools get the whooping cough vaccine. You have probably seen endless TV ads at night claiming there is a pertussis epidemic. The fact is whooping cough almost does not exist in the U.S. This only affects infants and young children. There were only SEVEN deaths last year but this is an “epidemic”?? Obviously there is an agenda to get the sheeple and their children to get vaccines. What little does exist is confined to illegal aliens, and other poor people who live in unsanity conditions. They are also generally rife with many other communicable diseases. A solution for a problem that doesn’t even exist.
If you are not getting the free Inflation U.S. newsletter please go to www.inflation.us and sign up for it. Do NOT take their stock advice. Do NOT buy gold or silver stocks. Sorry to say, they have started selling the stock advice for $1,000 a stock! They explain hyperinflation is our future and silver is the best way to protect yourself. Instead of selling stock advice for a thousand dollars a pop, they could have simply asked for donations. If any of the readers know which $1,000 silver stock and $1,000 gold stock they recommended please write in and tell us. Why are we not buying silver stocks? Why are we going to sell our silver stocks when the HUI to silver ratio goes from 25 to 1 to 30 to 1? Because the best stocks are in Mexico, but it has been taken over by the drug cartels. It is no longer a safe or stable country. You cannot invest in central or south America, China, and other such countries. The people at Inflation U.S. recommend stocks like Silver Wheaton (SLW) with mines in third world cesspools like Peru. You cannot invest in unstable countries like this, teetering on the edge of outright Communism. They will nationalize the mines like in Venezuela.
You don’t have to wait for hyperinflation- it’s already here! Look at the price increase over the last year for these basic commodities. Look at the chart above (thanks to Casey Research) to see how hyperinflation has already started and is already raging. Wheat is up an amazing 74%. Oats are up a staggering 68%. Everything (but housing) is going to keep going up in price just like in Weimar Germany. Only gold and silver will protect you, and silver is four times better than gold. The gold to silver ratio has fallen to 59 to 1 and will keep falling until it gets back to the historical 15 to 1 ratio. This would give you a staggering $400 silver and $6,000 gold for example. Yes, that could happen.
A long time ago we warned you about the new Rapidscan® airport X-ray scanners. Well, they are in most of the airports now. DO NOT GO THRU THEM! The TSA agents order you to go thru them. Ignore the fools. Tell them you want a pat down and will not under any circumstances or for any reason go thru the scanner. Let the sheeple go thru the scannersband get cancer from x-radiation. Hear them go, “baa, baa” as they obediently go thru.
We explained how the government is going to cheat people out of Social Insecurity. Just
don’t raise the benefits for inflation. That simple. In 1970 a welfare or Social Insecurty check literally bought twice as much as it does today. People will still get the same checks, but they
don’t buy anything anymore. The government refused to adjust the checks for inflation in 2010 and they just announced they won’t do it in 2011. By 2012 your entire welfare or Social Insecurity check won’t buy you lunch at McDonalds. Social Insecurityi has been broke for over 40 years now. It was a Ponzi (pyramid) scheme from the beginning.
On October 4 Bernanke admitted in Rhode Island speech the U.S. is on the brink of financial disasater. He actually came out and said that. Amazing. The media didn’t seem to pick up on this and you only see it on the Internet. He said the situation is “dire and unsustainable”. The fact he admitted this in public is mind boggling. Maybe he’s the next rat to jump ship.
PEOPLE GET THE GOVERNMENT THEY DESERVE!
America deserves Obama, Biden, Pelosi, Reid, Feingold, Durbin,Schumer, Boxer, Clinton, and the rest of the extreme leftist socialist big government whores. America has been
destroyed by Americans. In 2008 99% of the voters chose Marxism or Neoconism. Only 1% chose freedom.
the time our original thirteen states adopted their new constitution in
1787, Alexander Tyler, a Scottish history professor at the University
of Edinburgh, had this to say about the fall of
the Athenian Republic some 2,000 years earlier:
See how our trade balance was good until about 1980. Then it fell off a cliff. We now import almost everything and export almost nothing. Obviously that’s the road to ruin.
The above Walmart chart shows how poorly they are doing over the past three years. (compliments of quotemedia.) Adjusted for a mere 10% inflation this is really miserable. Walmart is the largest and least expensive retailer in the entire world. When Walmart is failing everything is failing. As the economy worsens people run to Walmart for better deals, yet they are still failing. All retailers have been forced to raise prices and Walmart is no exception. They have very much reduced selection however. Walk thru and you’ll see lots of empty spaces where there used to be products. They can only keep the best selling, most profitable ones.
The above chart proves that our standard of living has gone completely to hell since 1980.
The red line is what the government wants you to believe. The dotted line is the actual purchasing power of your paycheck. From over 300 to less than 100. This is the power of inflation to rob you of your life savings and how well you live.
it seems to me perfectly in the cards that there will be within the
next generation or so a pharmacological method of making people love
their servitude, and producing … a kind of painless concentration camp
for entire societies, so that people will in fact have their liberties
taken away from them but will rather enjoy it, because they will be
distracted from any desire to rebel by propaganda, brainwashing, or
brainwashing enhanced by pharmacological methods."
It’s End Times folks. Don’t kid yoursleves. We now live on one big Prison Planet with almost 7 billion brain dead sheeple. There is no freedom anywhere for this first time in human history.
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