Welcome to Roger's Economic Rant
April 2012 Economic Rant - Roger Mason
Of all the contrivances devised for cheating the laboring classes of mankind, none has been more effective than that which deludes him with paper money"… Daniel Webster
Only seven more months until we pretend to elect a new president. Since we only have one Republicrat Party how can one make a real choice? Romney pretends to be a “conservative” and promises to undo the damage Obama has done. He says these things only to get elected. Romney has the only forced government state healthcare system in the country (Romneycare), but promises to repeal Obamacare. Sure thing, Mitt. George Soros admitted there really is no difference in the two. However, four more years of Obama, with no restrictions on him, will end what little is left of this country. Should you vote for the lesser of two evils, or write in Ron Paul? Voting for Ron will almost guarantee an Obama victory. Or not vote at all in disgust?
How can Obama lose? Half the country is on some kind of welfare, and gets a monthly “gummint check”. The blacks, Jews, Latinos, Asians, young people, homosexuals, liberals, Democrats, and “independents” will overwhelmingly vote for him. How do you beat that? Americans today do not want to hear about freedom, responsibility, independence, prosperity, free markets, the Constitution, or the Bill of Rights. This is why Ron Paul is only getting less than 10% of the delegates. Americans just want to hear about what the government will do for them.
"The men the American people admire most extravagantly are the greatest liars; the men they detest most violently are those who try to tell them the truth." H.L. Mencken (1800-1956)
In 2008 Barron’s published this cover telling the American sheeple housing prices were bottoming. Four years later home and office prices are still collapsing. Now they are going to run the same cover. Housing prices will keep collapsing for years until the median U.S, home falls in value to $100,000 from the $225,000 peak in 2005. Yes, the average home in America will fall to at least $100,000 and maybe even lower. You will be able to buy that house within five years for a mere 250 ounces of silver. This is about $8,000 today. A $100,000 home for only $8,000? That’s right. Did you know in 1982 you could buy the average American home for only 1300 ounces of silver? Well, it is going to be six times better within five years. Today it still takes almost 5550 ounces of silver to buy the average American home at $175,000.
There have been almost 500 resignations of CEOs from major banks, investment houses, and money funds recently. Something big is up, and the rats are deserting the ships in mass. Something very big is up. People work their entire lives to reach positions like this. They don't leave unless they are fired, retire, or die. These mass resignations are a very important sign of the financial disaster to come. We will keep you up on this as information becomes available. This is an important indicator.
Want to do something good? Go to www.silvercirclemovie.com, and send them a donation if you can. Support them. They are making a movie for the liberal Sundance Festival about the coming depression, and how silver will save you. They need money to finish. They are a 501c3 organization. They are doing a good thing.
Want to put an end to silver manipulation and J.P. Morgan’s power over paper silver? Just buy physical silver and hold it yourself. There are 100 ounces of imaginary paper silver for every ounce of real physical silver. Some say there are 400 ounces of pretend paper silver. Every ounce you buy takes 100 (maybe even 400) ounces of paper silver off the market. Never buy “paper silver” or gold. You must possess this in your own hands or you don’t own it. Sell your IRA/401k and take the penalty. Put the money into silver bullion you hold yourself. If you need green toilet paper, you can go to any honest coin shop to get “cash” (what a joke!) six days a week. Do not get cute and put your IRA/401k into silver, as you’ll just have paper silver. The government is going to seize all the retirement accounts for your “safety and security”, and give you worthless Treasury annuities. If you hold onto your IRA/401k you’re a fool, and deserve to starve in the street. You can also forget your pension. All the pension funds are broke, and have been broke. That includes federal, state, county, city, private, and union pensions. They’re all broke, and you’ll never see your pension. The Representatives and Senators will get their pensions though. In fact, they will all get $175,000 a year for life- even if they only served one term. Pretty good deal, huh? The politicians will always be rewarded under socialism while the average person goes hungry.
Did anyone tell you that Greece only accounts for 2.4% of the entire European Union GNP? This is totally and completely irrelevant. Or should be. Why are they propping up this useless country of government workers and government check cashers? Because this is the straw that will break the camels back. That's why. Expect the European Union to break up and the Euro to fail. The One World Order is going to get a big setback here.
The European Union was just one more pillar of One World Government.
H.R. 347 Bill bans free speech. Title 18, Section 1852 of the Federal Code makes it a crime to express your opinion in public. If you go to a protest now you are committing a felony and can go to jail for a very long time. This is the end of any illusion of free speech in America. Look it up yourself. Just Google "HR-347" and see the reality. Both Democrats and Republicans voted for this. Now tell yourself there is any difference in the two parties. Two sides of the same neocon coin.
Flashback to February 2008 Obama swore on national TV:
"I refuse to leave our children with a debt that they cannot repay, and that means taking
responsibility right now in this administration for getting spending under control. I pledge
that I will cut the deficit I inherited in half by the end of my first term."
2008 Deficit: $459 billion
2012 Deficit: $1.3 trillion
Russian troops are now in Syria. Russia and Syria are close allies and have huge trade agreements. The Russians have a military base in the port of Tartus. Russia and China both have clearly warned the U.S. to keep their hands off Syria and Iran. Did you hear about this in the media? Of course not. Ironically, if you go to www.russiatoday.com you can hear lots of accurate news reporting. Life is getting strange, isn't it? More truth out of Russia than America? Go there yourself and see- www.russiatoday.com.
signed an Executive Order where he can declare martial law during
peacetime with no fake emergency at all. This was not covered by the
media. To see an 8 minute expose of this (by a black man yet) just go to:
Do you really think the Supreme Court is going to seriously consider cancelling Obama-care? You know they aren't. It's just a dog and pony show. The sad part is less than 6 out of 10 Americans want to cancel it. 100% of Americans should be against government health care. This has failed in every country it has been tried. What more proof do you need? The government wastes 90 cents out of every dollar they steal from you and give you back a mere 10 cents in third rate “services”. The newspapers on March 28 said the court was going to cancel the entire program! What a crock! The Supreme Court has six liberals and three Jewish judges. Remember thtn Karl Marx was a rabbi. If you think there are any "conservative" justices on the court you need to wake up.
As we go to press silver is $32. There are good reasons the price will fall back down to $28 or even lower. The commercials are still heavily short both silver and gold. The commercials (big banks like J.P. Morgan and Goldman Sachs) manipulate the price of silver and gold thru highly leveraged futures contracts on the COMEX. The tail wags the dog. They ADDED a monstrous 19,000 net gold shorts. They are now net short a humongous 150 thousand+ gold contracts. That is 100 oz per contract at about $1,700 an ounce. Doesn't that come out to over $25 billion? It's hard to compute numbers that high. The HUI has accurately predicted falls in the price of precious metals. The HUI is in the toilet and just made an 18 month low. That means gold and silver can make new lows. Dennis Gartman got back into gold on March 26. He is almost 100% wrong. He charges morons $5,000 a year for his worthless newsletter. You see him on CNBC all the time. This is absolute proof he's a worthless government shill. You can get rich doing exactly the opposite of what he recommends in gold. The media is always there to mislead you.
Look at the two charts below. America is now the World Policeman, the World Bully. We spend an insane 50% of the world military budget even though we are only 5% of the world population. This cannot and will not continue for the simple reason we are broke and cannot do it anymore. The country was founded on the principle of, “friendships with all, but alliances with none.” We have no business in the Mideast or anywhere else. We should have zero military bases outside of U.S. soil and zero soliders not on U.S. soil. We should close every military base offshore and bring home every soldier. We should
Spend 10% of the world military budget at most. If we attack Syria or Iran that could start world war III. We cannot take on both Russia and China at the same time. We would be vaporized.
Here are photos of the real Trayvon Martin, who was shot in Naples Florida. He is six feet, two inches tall and making gang signs. He was suspended from school for drug possession. He also had a burglary tool and women's jewelry he couldn't explain. He was breaking into houses. Why do we only see photos of a sweet 12 year old child? People magazine did a full color front cover photo of him at 12. Zimmerman was attacked by Martin and suffered a bloody nose, mouth injuries, and lacerations to the back of his head. The back of his jacket was soaked with blood. The official incident report verified this. The police saw this. A man with a gun drawn is not going to get the crap beat out of him before he uses it. Martin clearly attacked him. Zimmerman was only five feet seven inches tall, by the way. Why don’t we see photos of a six foot two inch tattooed gangster? The 911 call clearly has Zimmerman screaming, “help me”. Now there is an eyewitness who saw Trayvon on top of Zimmerman slamming his head into the sidewalk. Did you know his parents copyrighted the phrase “Justice for Trayvon”? No profit motive here, right? Why is the media convicting Zimmerman without a trial? Why not let the police and the courts settle this with facts and investigation? None of us were there, so we don’t know what really happened. Let the legal system find out the truth. Don’t let the media try this case outside of the courtroom.
The poor, the scumbags, and welfare recipients all think socialism and Marxism means stealing from the rich to give to the poor. They're wrong. It really means the government takes from the rich, and the poor, and keeps it. The government takes from everyone. The poor are going to find out they will not get a free ride after stealing from "the rich". No one will have anything. Socialism is the equal sharing of misery where no one has anything. When you kill the Golden Goose you have nothing left. Businesses are failing every day. There are no jobs even for college graduates. The real unemployment rate is
22% and rising. Stores are closing every day. Strip malls are empty. Shopping malls are disappearing. It will get worse and worse and worse. You are going to see the worst depression this planet has ever experienced.
Let’s talk about energy and repeat what we’ve been saying for three years now. There is no energy crisis at all. We have oceans of oil on U.S. soil. We have 200 years of known oil reserves. We have another 200 years of known natural gas reserves. You can make liquid fuel out of natural gas with the SASOL process. You don’t need special cars and special gas pumps. We have 1,000 years of known coal reserves. You can make liquid gasoline/jet fuel/diesel from coal with the SASOL process for $2 a gallon, but Obama won’t allow one SASOL plant on U.S. soil. Obama has promised to end the use of coal in America. We get 70% of our electricity from coal, so that alone would put an end to us. Obama has done his best to stop the use of coal. Obama stopped the Keystone Pipeline. He has stopped offshore drilling. He has stopped the huge reserves in Alaska and Gull Island. He has stopped drilling in the Bakken Fields. The energy shortage and $4 gasoline is due to GOVERNMENT. There is no “peak oil” or energy shortage. There is a government suppression problem though. We don’t need a drop of foreign oil, but
many countries want very much to sell us their oil. Obama’s energy czar promised to artificially raise gasoline prices to the $9 a gallon European level.
There is nowhere to go folks. There isn't a square inch of freedom on this earth for the first time since man set foot on it. Costa Rica, Ecuador, Uruguary, Panama, and Argentina are all poverty stricken cesspools. Australia is so bad you can't even consider living there. Alcoholism is the national sport. The Aussies can’t blow their nose without government help. The standard of living is 2/3 of what ours is. New Zealand may be the least worst, but it is still a nation of mindless sheeple with a pitiful standard of living. The government micromanages their lives from birth to death. However, these countries are not totalitarian police states like America. It is better to suffer socialism and government management of your life than go to jail. We have 5% of the world population, but 25% of the world prison inmates. You can now go to jail for thinking or speaking your mind or conspiring with yourself. Where are you going to go? NOWHERE! There is nowhere to go. It's just one big Prison Planet. You must understand this. Every square inch of planet earth is socialist, Marxist, communist, a police state, or an outright dictatorship.
Buy all the silver you can at $32. Junk bags of pre-1965 coins are your best value. Silver may keep falling for a lot of reasons. The trend is down. The commercials are still heavily short both silver and gold. The HUI has been an accurate predictor of silver and gold prices. Dennis “Moron” Gartman is back in gold. Expect a short term fall in precious metals prices. By June things should reverse and we could easily have $75 silver by Christmas. Just remember that silver is the best investment on earth and four times better than gold. Silver and gold have been the only real money for 5,000 years. All paper will be worth paper.
Want more good news? The Top 5 banks (JPM, BofA, Morgan Stanley, Goldman and HSBC) accounted for 95.7% of all Derivatives. This comes to an astounding $231 trillion dollars. The entire GNP for the United States is only $14 trillion. When (not if) these derivatives go south the entire banking industry will collapse. No one knows just what that means, but basically it means a world economic collapse. This equals the entire GNP of America for 17 years! There have been almost 500 resignations of CEOs from major banks, investment houses, and money funds recently. Something big is up, and the rats are deserting the ships in mass. Something very big is up. People work their entire lives to reach positions like this. They don't leave unless they are fired, retire, or die. These mass resignations are a very important sign of the financial disaster to come. We will keep you up on this as information becomes available. This is an important indicator. They may know the derivatives are ready to collapse. No one can even accurately describe what a derivative is. We have never had these before in history. Even Senile in Omaha Buffett admitted these are an “economic neutron bomb”.
Nothing good is ahead of us folks. Nothing. Yes, this is End Times, but Jesus isn’t coming back. He wouldn’t bother. Prepare for the future in every way you can.
See you in two weeks.
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