Welcome to Roger's Economic Rant
Late February 2013 Economic Rant -Roger Mason
To learn who rules over you, find out who you can't criticize- Voltaire
Glenn Beck is a fraud, but he is rightly predicting a civil war in America over gun control. Many Americans are simply not going to give up their guns like the stupid Australian sheeple did. California and New York are making drastic new gun confiscation laws. The rest of the country will blindly follow.
In 2008 Obama made it clear in a speech that he was going to form a domestic military force AS LARGE AS OUR MILITARY to police the citizens. He is already doing that with Homeland Insecurity and the TSA. He will have 2 million heavily armed soldiers to "keep the peace" in America. Meanwhile, the 2 million soldiers in our military (including the National Guard) are killing innocent people in the Mideast. This is what the FEMA camps are for- locking up those who don't agree. We already lead the world in prison inmates per capita- that includes Russia, China, North Korea, Cuba, Myranmar and other bastions of freedom. We are going to be the worst police state on earth by far. This is why they are going to try to take the guns. This will result in a civil war, because too many people simply aren't going to give up their guns.
There are less than 32,000 deaths by firearms every year in America, but almost 800,000 deaths due to the medical profession. Thanks to Natural News for this. Let's ban doctors rather than guns.
Remember it is the Big Banks, the commercials who are suppressing the price of gold and silver by using huge amounts of highly leveraged COMEX futures contracts. Every Friday the COT (commitment of traders) report is issued at 4:00 PM EST. This week was very irrational and contradictory. Two weeks ago they dropped 29,000 gold short contracts, but added 4,000 silver short contracts. This week they added 2,000 more silver shorts, but also 8,000 gold longs! Now they are net short 145,000 gold contracts. They are also a massive 52,000 net short silver. These are both very big numbers. Right, this is all very contradictory and makes no sense. Metals prices simply cannot go up while they hold these huge positions, and the HUI is in a four month bear market and just made a new low at 393. This has been a very long and unhappy 18 month bear market for gold and silver. This is a buying opportunity, not a disappointment.
Remember the four rules of investing:
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.
Just load up on silver bullion you hold personally, be patient, have faith in real money, and you will party like a rock star during the Much Greater Depression, while yourstupid assed "friends" will starve in the street.
Remember the government is broke, and cannot continue to hand out massive amounts of money to scumbags, bums, and deadbeats. The checks will not stop, but inflation will make them almost worthless. Already Social Insecurity checks buy half of what they did 20 years ago. The sheeple are too stupid to notice these aren't indexed for real inflation.
The Food Lion grocery chain is closing all 113 stores in Florida. When you can't sell food to people, you know there's a problem You are going to keep hearing more and more stories about major retail chains closing stores all over the country. Notice your local mall now looks like a Third World bazaar? Soon most shopping malls will be empty ghost towns. Same with countless strip malls, which are also disappearing by the day.
In 1913 The Federal Reserve was formed by a consortium of Jewish banks. It is not federal and has no reserves. Since then the value of the dollar has fallen to THREE CENTS. Right, in 100 years the dollar has lost 97% of it's value. We'll keep repeating this...there is no 800 tons of gold in Ft. Knox, and hasn't been for 50 years now. Ger-many, France, Australia, England, the European Union, Italy, France, Switzerland, Japan and Holland all have no gold. These were the top gold holders of the world. Not any-more. The Russians, Chinese, Iranians, and Indians all have gold though. All paper will be worth paper. Right now every country on earth is in a race to devalue their currency. For the first time in world history, not one currency has any value at all. The "Fed" brags about inflation (quantative easing) to infinity. This means the dollar will be destroyed completely. This is why you have to put 100% of your money into silver bullion you hold. No paper silver, no silver stocks, no storage programs. Silver is real money and has been for 6,000 years now.
The media is telling you the Dow Jones stock market just made a new high at 14,000 and is very strong. No one told you this is a 44% drop from the high in 2000, just 13 years ago, when adjusted for real world inflation. Warren, Senile in Omaha, Buffett is telling you to "invest in America" and buy stocks. His famous Berkshire Hathaway has been a complete loser for 10 years, but why let reality confuse you? A 44% drop in the stock market in13 years. This is another reason to sell your IRA of 401k. The government is going to take your IRA or 401k and give you a worthless Treasury annuity. There is over $20 trillion dollars (the entire U.S. GNP is only about $14 trillion) in such retirement accounts. The government is going to seize them. It is just a matter of time. It is better to be one year too early than one second too late. World News Daily (WND) is a pseudo-conservative, neo-con, pro-Israel rag, but they do tell the truth once in a while. In their latest issue they warn Americans to dump their IRA/401k accounts before Obama and his friends seize all of them. Argentina did this in 2008. Other countries have done it recently. It is only a matter of time before it happens here. Take the penalty and buy silver bullion you hold personally in your hot little hands. Junk bags are the best deal.
Tea Party members love to say things like, "Obama's cabinet is full of Muslims". His cabinet has 22 members, and not one of them is a Muslim (or an Arab). One man is a Lebanese Christian. There are 8 Jewish members of his cabinet, which is 38%. Only a 2% Jewish population so this is 1,400% overrepresented. No Muslims though. The Supreme Court has 3 Jewish justices. This is a 1,500% overrepresentation. We could bring up the Council on Foreign Relations (CFR). There are only 1 in 500 Jewish people in the world, yet the CFR is 1/3 Jewish. This is 15,000% overrepresentation. You read that right- 15,000%. Hillary openly admits she takes her orders from the CFR along with the rest of Congress and appointed officials. The Bilderbergers are another extremely powerful and influential group.
The guns and ammo are going to go folks. Buy an AK-47 and all the 7.62 ammo you can afford. Buy large capacity 30 round clips as well. Load up on ammo. The bullets will go first. They will last in storage at least 50 years, and probably a lot longer. Viet Nam war ammo is still good. We are overdue for another major staged event that will result in martial law. This will make the 9/11 hoax look like a family picnic.
Do you have a set of antique sterling flatware in your home? Would you like one? Would you like a second set? You can buy stunning sets for 8 on ebay.com for under $1,500. You just have to bid in the last 6 seconds and jump the last bid by at least $25. You can get beautiful sets of sterling flatware for just over melt value. Bidding on ebay is very erratic though. Sixty people will fight over one set and pay too much, while only a few people will big on an almost identical set and pay just over melt. These sets are being melted down every day, and are fast disappearing. This is an heirloom, but also a very sensible investment.
In 1965 we had real money, real coins. Ft. Knox was empty, but we at least had silver coins and the paper money was convertible into silver. In 1965 if you put a paper dollar and a silver dollar under your mattress and forgot about them, what would they be worth today? Well, the paper dollar wouldn't even buy you anything on McDonalds 99 cent Value Meal Menu when you include tax. The silver dollar, however contains 3/4 of an ounce of silver or about $24. You could take your wife to Golden Corral, eat all you want, and tip the waitress. That's the power of silver and gold. They have kept their value for 6,000 years now. They are the only real money. Our Constitution says silver and gold are the only real money. Put 100% of your life savings into silver bullion and hold it personally. Silver is going to $400, and then will keep going, as the dollar vaporizes. No storage programs, no silver stocks, no paper silver, no SLV, just bullion you hold. Junk pre-1965 U.S. coins are still the best deal. A bag is 720 actual ounces, $1,000 face, and sells for about $22,000. Yes, you can buy partial bags.
This chart shows very clearly housing peaked in 2005, and you can't give away houses today. All this media talk about a "housing recover" is baloney. Sales have continued to fall for eight years now. They'll keep falling. And prices will keep falling. On top of all this, the moron home builders are building more houses every day!!! These people are all crazy. The Dow Jones Housing Index is up 288% since 2011. Housing peaked in 2005, with an average home value of about $225,000. It is now about $175,000 and falling. THIS WILL FALL TO $100,000! There are literally millions of home the banks refuse to admit to on their books they cannot possibly dump. There are millions of people who are underwater on their homes, and will walk away. As prices fall there will be millions more who will be underwater. Why keep paying for a house that is worth much less than your mortgage?
If you buy a mere 2,500 ounces ($8,000) of silver, and hold it for 5 years, you will be able to buy the average house for cash. Imagine that- a nice house for $8,000. You want a mansion? Buy 500 ounces of silver for $16,000 and you can really live in style in 5 years.
Commercial property started falling about 2008, and will keep falling until it is worth even less than residential property. Been up to your local mall lately? Every mall we've seen has degenerated into a Third World bazaar full of empty stores and little cheap crap stores like you see in foreign countries. Many strip malls are empty or half empty. Businesses who have been around for decades close their doors because they are losing money. It just gets worse from here.
Why ban guns because criminals use guns? Why punish law abiding citizens? Criminals will always have guns. They don't buy them in gun stores. Criminals love gun control laws as it makes their job easier.
Here's the rock solid proof folks that Buffett is a senile, impotent, old fool who has no idea in hell what he's doing. Gold is gold and blue is BRKA. People worship him and fly in to attend his yearly stock-holder meeting. For over 12 years now he has LOST money when adjusted for real world inflation. He hates gold and silver, and has repeatedly damned them on CNBC and other media outlets. Adjusted for real world inflation Berkshire Hathaway (BRK-A) has LOST money for over 12 years now. Yet he is revered by the media as the Smartest Investor in the World. Gold and silver have far, far outperformed his crappy BRK-A stock for over a decade now. The stock market is a house of cards that is ready to collapse any day. His investments are pitiful. He just bought Heinz Ketchup for $23 billion. Moron! Blind monkeys throwing darts could do better than him.
Look for an ever growing domestic military force in America to keep you in line. Obey or else!!! Cuba is going to start looking more and more like Club Med.
This char applies equally to silver or gold. In 1974 it would take about 560 ounces of gold to buy the average American home. In 1980 you could have bought that same house for about 60 ounces of gold. Think about this for just a few seconds... 560 ounces or 60 ounces? Within five years you can buy that very same home for a mere 17 ounces of gold (at $6,000 an ounce). 17 ounces of gold is less than $28,000 today. Right now it would take about 5,700 ounces of silver to buy the average American home at $175,000 (down from $225,000 in 2005 peak). In five years you'll be able to buy that very same home for a mere 250 ounces of silver at $100,000 (when silver is $400). 250 ounces of silver is less than $8,000! A nice home for $8,000??? Silver will far outperform gold by a factor of 4 to 1, and return to the traditional ratio of about 15 to 1, rather than the current 53 to 1. Keep thinking in these terms. That's why we repeat things like this.
Heck, you could work at Walmart and afford to own your own home for $8,000. As the Much Great Depression worsens, you'll see tens of millions of homes empty and unsellable. You'll see 2 and 3 families living in the same house- and be glad to have a roof over their heads. The quality of life in America will be cut in half.
This is a photo of Michele Obama at her last high school reunion. She is the second one from the left in the front row in the black skirt. No, folks this isn't "racist". Intelligent black people cannot stand the Obamas and know they do nothing to really help black people. In fact the Obamas have nothing but contempt for other black people. Michele spends endless millions of dollars on vacations and clothes instead of helping other black people to help themselves. She wears "white" wigs and straightens her children's hair. He cuts his hair short so he doesn't "look black". Giving people endless welfare programs makes them government slaves. It takes away their self respect and makes them dependent on handouts. Voluntary slavery is infinitely worse than forced slavery.
As goes California, so goes the nation. This has been true for over 100 years now. Watch California, and the rest of the nation will follow. The state legislature has basically almost banned gun ownership in the Golden State:
In 1959, over a half century ago this is what Nikita Kruschev said to Americans:
Forks look at this chart. Where guns are banned the most homicides occur. There guns are allowed the homicides are the lowest. Banning guns just results in more crime. Australia found this out the hard way. They took guns away from law abiding citizens and the criminals had a field day committing crimes. The real reason to own guns is to protect yourself from a tyrannical government. Self defense is second.
See you in March folks. Get ready for what's coming. Get ready in every way you can. Have a generator and gasoline. Store whole grains and beans. Load up on every single thing you use every day like paper towels, toilet paper, tissues, soap, detergent, light bulbs, and everything you use regularly. Be prepared. That motto has been good for the Boy Scouts for over 100 years, and it's good for you.
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