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Welcome to Roger's Economic Rant


Late April 2012 Economic Rant -Roger Mason  

The American standard of living has fallen 50% in the last 40 years.

Real wages peaked in 1970 at around $20/hour. Today the average worker makes $8.50 hour – more than 57% less than in 1970. And since the average wage directly determines the standard of living of our society, we can see that the average standard of living in the U.S. has plummeted by over 57% over a span of 40 years. Look at the green line to see what your real wages are

142 million employable Americans are jobless!

There are 242 million working age Americans, but only 100 million of them are working. 142 million employable citizens are sitting around on their dead ass for one reason or another. We cannot support a population of 313 million people with only 100 million working. Many of them have low wage jobs that barely support one person. The real unemployment rate is 22% and rising. This will go to 40% in the next five years when the Much Greater Depression really kicks in. During the Great Depression this was "only" 25%. This is going to be much worse. During that depression 40% of everyone

was a farmer. Farmers did well. They ate, and they bartered food for whatever they needed. Farmers thrived actually. Now less than 1% of us produce food. Farming is the future. There are going to be food shortages that are unimaginable. These will cause widespread riots, when hungry people feel they have nothing to lose. But people are not going to take up farming, raising food, growing crops. They just aren't going to do it. Housing and commercial real estate is crashing, but farm land is RISING in value.

This report confirms that Aldous Huxley predicted the future back in 1962 in his "Ultimate Revolution" speech at Berkeley, one of the universities this report concerns.
"That we are in process of developing a whole series of techniques which will enable the controlling oligarchy who have always existed and presumably will always exist to get people to love their servitude.” If you have not read his book Brave New World, please do so. He predicted that the sheeple will come to love their slavery, total lack of freedom, their dependence, their servitude, lack of responsibility, and even their poverty. Talk to the 48% of Americans who pay no federal income tax to see how they love being government slaves. Talk to anyone in Canada, Europe, Australia, or New Zealand, and they will brag about the government micro-managing their lives. They love it!! They defend it. The idea of freedom scares them!

The other countries of the world have never had real freedom and never will.

9/11 was an inside job by Mossad and the CIA. Google “9/11 fraud” or “9/11 hoax” if you don’t believe that. The official version of 9/11 goes something like this...

Directed by a beardy-guy from a cave in Afghanistan, nineteen hard-drinking, coke-snorting, devout Muslims enjoy lap dances before their mission to meet Allah…Using nothing more than craft knifes, they overpower cabin crew, passengers and pilots on four planes… And hangover or not, they manage to give the world’s most sophisticated air defense system the slip…Unphased by leaving their “How to Fly a Passenger Jet” guide in the car at the airport, they master the controls in no-time and score direct hits on two towers, causing THREE to collapse completely…Our masterminds even manage to overpower the odd law of physics or two… and the world watches in awe as steel-framed buildings fall symmetrically – through their own mass – at free-fall speed, for the first time in history. Despite all their dastardly cunning, they stupidly give their identity away by using explosion-proof passports, which survive the fireball undamaged and fall to the ground… only to be discovered by the incredible crime-fighting sleuths at the FBI...Hani Hanjour, having previously flunked 2-man Cessna flying school, gets carried away with all the success of the day and suddenly finds incredible abilities behind the controls of a Boeing…Instead of flying straight down into the large roof area of the Pentagon, he decides to show off a little…Executing an incredible 270 degree downward spiral, he levels off to hit the low facade of the world’s most heavily defended building……all without a single shot being fired…. or ruining the nicely mowed lawn… and all at a speed just too fast to capture on video…So desperate to talk to loved ones before their death, some passengers use sheer will-power to connect mobile calls that otherwise would not be possible until several years later…And following a heroic attempt by some to retake control of Flight 93, it crashes into a Shankesville field leaving no trace of engines, fuselage or occupants… except for the standard issue Muslim terrorists bandana…President Bush, our brave Commander-in-Chief continues to read “My Pet Goat” [with] a class full of primary school children… shrugging off the obvious possibility that his life could be in imminent danger…World Trade Center leaseholder Larry Silverstein blesses his own foresight in insuring the buildings against terrorist attack only six weeks previously…While back in Washington, Dick Cheney, Donald Rumsfeld and Paul Wolfowitz shake their heads in disbelief at their own luck in getting the ‘New Pearl Harbor’ catalyzing event they so desired to pursue their agenda of world domination…And finally, not to be disturbed too much by reports of their own deaths, at least seven of our nineteen suicide hijackers turn up alive and kicking in mainstream media reports…

Price everything in gold and silver, not in U.S. dollars or any other currency. Under Obama the Gross Domestic Product fell from 1,200 billion grams of gold to only 300. In 2008 silver fell 55% from $21 to $9. If that happens again, we'll see $22 silver by June. A 50% fall will give us $25, and a 45% fall will give us $27.50. The HUI is in shambles and shows us gold and silver must keep falling. Look for $27 silver in May. We should turn this around by June or July. By the way, real inflation is over 10%, not the under 3% the media tells you. A pre-1965 silver quarter will buy you a gallon of gas and two Dollar Menu items at McDonalds and you’ll still have change.

We have murdered 1.5 million Iraqis for no reason at all. Nations have karma, just as people have karma. America is going to pay for these evil senseless murders. We have no business in Iraq. We have no business in the Mideast. We have no business in any country. We should close every military base not on U.S. soil. We should bring home every soldier not on U.S. soil. These wars have cost us 1.4 trillion dollars in the last 10 years, and maybe a lot more in hidden costs. The entire GNP is only 14 trillion. If we are stupid enough, arrogant enough, and evil enough to attack Syria or Iran, both Russia and China are going to hit us full force. They have already promised to do this.

Former Secretary of Defense Robert Gates publicly warned that attacking Iran would be a total “catastrophe”. People who are no longer in office can speak more freely. Iran and Syria are simply none of our business. They pose no threat to us whatsoever. The most threatening out of control nation right now is North Korea. But we don’t threaten them. In fact your tax dollars feed the North Koreans! Did you know that? Your hard earned money goes to feed the enemy. Hundreds of millions of dollars of your money feed the military and the politicians over there. This food sure doesn’t go to the outcasts and exiles who hate the current government. How stupid are we anyway?

EVERY AMERICAN OWES A HALF MILLION DOLLARS IN DEBT. Thanks for the National Debt Clock (www.brillig.com) for telling the truth. Our unfunded liabilities are not $17 trillion as morons like Savage, Boortz, Limbaugh, Hannity, and Levin tell us. It is really about $170 trillion dollars. The total GNP for America is only $14 trillion. This means every man, woman, child, and infant in America owes about a half million dollars each. Just try to comprehend that for a minute. That isn't even remotely possible even in a hundred years! The Much Greater Depression started years ago and is manifesting every day. Notice that things were bad, but containable until Reagan left office. (Reagan was no real conservative and outspent every other president prior to him.) $10 trillion you can pay, $170 trillion you can't.

In 2010 we had 149 oil refineries in America, which could process 17.6 million barrels a day. Due to government regulations and the Steelworkers Union, these are closing all the time. The EPA can do what it wants and is a law unto itself. As these refineries close we will not have gasoline, diesel, or jet fuel. Gas at the pump will go to $10 a gallon, instead of the $2 a gallon it should be. We have oceans of oil on U.S. soil but it is useless without refineries. We have 100 years of known oil reserves, 100 years of known natural gas reserves, and 1,000 years of known coal reserves. There is no energy crisis, no peak oil, just a GOVERNMENT CRISIS. We could have $2 a gallon gasoline from coal with the SASOL process. We could have $2 a gallon liquid gasoline from natural gas with the SASOL process (no auto conversions needed). We could have $2 a gallon gasoline just by drilling our own oil and allowing the refineries to operate. The media reports none of this. As the refineries close they will never reopen.

We need to legalize all drugs for all adults. Does that sound shocking to you? It shouldn't. All drugs in America were legal for 139 years until the draconian Harrison Narcotic Act of 1914. In the early 1900s you could walk into any drugstore and buy heroin, cocaine, morphine, opium, or hashish for a nickel. Only about 3% of Americans even bothered. Yes, CocaCola® really was full of cocaine. Marijuana was legalized in the Netherlands years ago. Now they have pot cafes. Boring, boring, boring. You can buy any drug you want on the street, even though they are illegal. So what? The police spend their time solving crimes. Did the media tell you Portugal legalized possession of all drugs for adults years ago? No, they didn't. What happened? Did everyone run down to the 7-11 to load up on dope? Quite the opposite? Drug abuse was no longer forbidden, exciting, alluring, hip, fashionable, or anything else. Drug use actually slightly declined. The jails emptied. The police went out and arrested real criminals. Anyone who committed a crime while under the influence of drugs (including alcohol) was severely punished. The Mexican government has now totally lost control of the country to the drug cartels. This could be restored tomorrow by legalizing all drugs for adults. Mexican, Central American, and South American politicians are now seriously discussing drug legalization, just to restore government control of their countries. American has 5% of the world population, but 25% of the world prisoners. One third are in for drugs. Legalize all drugs for all adults. Double the penalties for anyone who commits any crime while on drugs- including driving while drunk. Empty the prisons, put an end to all drug dealers overnight,, let the police arrest real criminals. Wouldn't you like to put every single drug dealer out of business tomorrow? A $2,000 kilo of cocaine actually costs less than $50 in Bolivia. Experts estimate that only about 1% of American adults are responsible for 80% of the illegal drug use other than marijuana. 99% of Americans are supposed to suffer for what the 1% do? What sense does that make? Alcohol is the most harmful drug on this earth and completely legal. Sixteen states and D.C. have legalized medical marijuana. This is not the answer at all, but is a step in the right direction. According to polls, half of Americans would fully legalize marijuana. Why isn't the government listening? Drug abuse and drug dependence is as boring as it is harmful. Don’t make criminals out of those with dependence problems unless they commit a crime.

Let's talk about the "Buffett Rule" lie again. Warren pays far more income tax than his secretary. They both pay exactly the same capital gains tax- 15%. Warren pays about 40% federal income tax, plus state income tax depending on what state he is in. (We live in NC and pay a total of 48% for example.) Warren would pay 48% in NC. His secretary pays a mere 10% income tax plus whatever state tax she pays. This would be 18% in NC for example. So, Warren pays 40% and she pays 10%. That's the truth of the matter. There should be ZERO capital gains tax, for the simple reason you have already paid income tax on the money you are investing. Investments keep this country alive. There should be no capital gains tax at all. If Obama raises capital gains from 15% to 30%, investment in this country will be destroyed. Business will be destroyed. The more you tax, the less you get. History proves that the higher the taxes the less the government takes in. That’s a fact, and history proves it.

It is very possible for the HUI to fall to the 395 level, and gold and silver along with it.

This is the AMEX Gold Bugs Index of 15 top gold mines. This should happen by May and a recovery in June. Only God knows what is going to happen and short term predictions are suicide. Precious metals are just weak right now, but this cannot keep up. A 50% correction will take us back to a new 18 month low of $24.50 in silver for example. That's about as far as it can go. It's a buying opportunity. The commercials have reduced their net short COMEX silver futures from 31,000 contracts down to only 26,000. This is a low number, but is still over 130 million ounces of silver. When the Big Banks (e.g. J.P. Morgan) finally end their massive silver shorting, the price of silver is going to explode. All manipulations end, and end badly. Physical demand and physical shortage are our saviors. Look at the chart below of actual physical COMEX silver (registered) holdings. 90 million ounces down to 27 million in only 3 years. Yet the commercials are short 130 million ounces. This is prima facie proof of price manipulation. This will end and end very badly for J.P. Morgan and their friends. Buy $1,000 face value bags of junk pre-1965 U.S. silver coins for about $25,000. Hold them personally. No paper silver and no paper investments of any kind. All paper will be worth paper.

*Buy value and hold for the long term.

*Buy and hold and add on dips.

*Never trade, never trade, never trade.

See you in May!












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