Welcome to Roger's Economic Rant
June Economic Rant -Roger Mason
“When the people fear the
government we have tyranny. When the government fears the people we
have liberty.” –Thomas Jefferson
Every day the entire economy gets worse while the media tries to sugar coat the situation.
CNBC is the worst with their eternal good news and endless lies. This is a fine show to watch if you want a good laugh however. They bring an endless panel of liars on the show to tell you the worst is behind us, everything is fine, we’re on the road to recovery, and green shoots are sprouting everywhere. AOL said in a survery of 45 top economists that three fourths of them feel the recession will end this summer. Good luck.
There are three main things to be concerned about:
There are many things to be concerned about, but these three are at the top of the list.
We like to think there is at least some gold left to back the U.S. dollar, but there isn’t. Ft. Knox was emptied decades ago. There hasn’t been an audit for 50 years now. Federal law requires an open audit be done every ten years. If the gold was there an honest, open, official audit would be done, and everyone would be happy. The 143 million ounces (over $130 billion) is long gone folks. Even if it was, that is less than a half ounce for each U.S. citizen. In 1971 Nixon took us off the gold and silver standard. For almost forty years now we have used unbacked, worthless, fiat (by decree) Monopoly Money. The Fed stopped publishing M3 money printing figures last year to hide the fact of how much money they are printing. There is only one cause of inflation- printing unbacked, valueless money. The Federal Reserve is printing worthless paper 24/7 to pay for all the socialist bailout programs. We are looking at a Zimbabwe-type and Weimar Germany-type severe hyperinflation! The only thing that will protect you is silver and gold. Anyone in Zimbabwe or Weimar with simple silver coins was rich. Anyone who was smart enough to get silver (or gold) was wealthy, while everyone else starved. Yes, it’s that simple. Only silver and gold are real money (Platinum and palladium are borderline, not easily traded, and depend very much on industrial use.) Ron Paul has introduced a bill HR1207 that would audit both the Federal Reserve and Ft. Knox. It has almost 200 spon-sors already. A real audit will never happen, and Ron may well suddenly disappear. The American people would panic when they found out the truth. Ignorance is bliss, until reality finally comes around. Google “Ft. Knox is empty” or a similar phrase, and you’ll get loads of proof about this. The gold was gone decades ago.
Ted Butler brings up some stunning statistics. Back in 1959 there was an overwhelming surplus of silver. Each person on the planet could own 3 ounces of silver. Fifty years later this has fallen by 95% to a mere 0.15 ounces per person. It has fallen 95%. Each person on earth can now only own about $2 worth of silver. A 95% drop in 50 years. We’re out of silver folks. Read Ted at www.butlerresearch.com every two weeks. You have “hoarders” like your author, and the readers of this newsletter, that each own hundreds of thousands of ounces. Silver is concentrated into the hands of the few, “strong hands” in investment terminology. The COMEX really doesn’t have 64 million available (dealer) ounces as they claim. There is no open or independent auditing at all. J.P. Morgan Chase holds 98% of the massive commercial short positions. The COMEX may default this year. This charade is going to end soon, and silver is going to skyrocket in price. The lemmings will rush to silver and gold when severe hyperinflation hits. The One Worlders know it is hard to take our rights away thru Congress, so now this is being done with international treaties like the Kyoto Protocol. This is NOT about the en-vironment at all; it is about universal control over your lives. Now carbon dioxide has been declared a “toxin” when every living being exhales carbon dioxide. CO2 is an integral part of the life cycle. Clinton signed the CIFTA treaty to ban guns, and Obama also signed it. That’s right, Marxist Obama already signed the treaty, but can’t get it ratified by Congress. Did the media tell you about CIFTA? Of course not. This is the Convention Against Ilicit Manufacturing and Trafficking in Firearms, Ammunition, Explosives, and Other Related Materials. This would ban all guns, ammunition and even accessories such as scopes. Americans would be disarmed permanently. Google “CIFTA” if you want to learn more. America is the only civilized country in the world to still allow a little free-dom of self defense. Join the Gun Owners of America (GOA), not the National Rifle Association (NRA). Just go to www.gunowners.org. Donate to them and send the post-cards they give you to your Congressmen. Own guns and ammunition for your self defense and personal safety. Get a concealed carry permit if your state allows it. Take a short, inexpensive course in firearms safety if you don’t know how to shoot. Ammunition will be the first to go, and is already scarce and very overpriced. That’s the plan. Then they’ll come after your handguns. Then the rest of your guns. Just like Australia and England. Obama, Holder, Emmanuel and the rest of the NeoCon crowd will take your guns away. Senate Bill 2099 would require you register all your handguns on your yearly 1040 tax form. This bill won’t pass now, but it will pass in the future. If you fill out the form they’ll come for your guns. If you lie on the form they’ll come to take both you and your guns away. It’s either you or you and your guns go away.
You have to realize Social Insecurity was broke decades ago. It has always been a cheap pyramid scheme doomed to fail. Yes, the checks will still go out, but will not even begin to match inflation. The checks will buy maybe half of what they did. This is how the government will solve the problem- give people worthless checks. If you think you have some kind of pension coming you’re wrong. Nearly all pension are invested in the stock market and similar doomed equities. All government pensions are broke. The biggest pension fund in the world is CALPERS of California and they’re broke. Remember California is the fifth biggest economy in the whole world, and they are hopelessly bankrupt. The minimum wage jobs at fast food restaurants and Walmart will soon disappear. You will not get a pension, Social Insecurity, or be able to get a job. No, the government isn’t going to feed you, much less give you shelter. Desperate cold, hungry people will willingly go to the FEMA camps for three hots and a cot.
We haven’t discussed the
silly, asinine, ridiculous Mayan Doomsday Prophecy. This says the earth will end, or
some such thing, in December 2012 three and a half years from now. The source of this
foolishness is savages who practiced human sacrifice and cannibalism.They
actually murdered innocent children to appease their illusory “gods”.
Not exactly a sound source of information. You don’t need mystics,
seers, or prophecies to see what is happening. JUST OPEN YOUR EYES!
Ray Charles can see the Much Greater Depression is around the corner.
Great events cast their shadows before them. Just take af close, hard
look at today, and you can basically see what is going to happen tomorrow.
This is an ObamaMobile folks. This is what Americans will be driving in a few years.
Don’t laugh folks. You’ll
be driving one unless you put your money into silver. This is the future
for a once great country. Little plastic junky crappy pretend cars.
Currently the DOW to gold ratio is about 9 to 1. This is going to fall to 1 to 1. That’s right, an ounce of gold will equal the DOW. That’s how it was in 1982, and that’s how it will be again. DOW 5,000 and gold $5,000 would be about right. Currently the silver to DOW ratio is about 560 to 1. This will fall to 25 to 1. That’s right, 25 silver dollars will equal the DOW. DOW 5,000 and silver $200 would be about right. The median home price in the U.S. will fall to about $120,000. You will be able to buy the median house for only 600 silver dollars. That may sound impossible, but you’ll see that happen. A mere 600 ounces of silver will buy the media U.S. home when silver goes to $200. Since the Federal Reserve took over in 1913 the dollar has lost 95% of it’s value. The Fed stole 95% of your money. What more proof do you need the Fed is a hoax? The dollar is only worth a nickel now. Just stop and think about this for a minute. There is only one cause of inflation, and that is printing unbacked Monopoly Money. That is what the Federal Reserve has done for almost 100 years now.
This is going to be a worldwide
depression. When the U.S. falls the entire world is going to fall with
it. Japan is the second largest economy in the world. They collapsed
15% in the first quarter alone! This equates to a 60% annual collapse.
Canada, Australia, U.K., New Zealand, Germany, France,
Sweden, Japan, Brazil, India, Israel, Switzerland, Austria, South Korea,
China, Russia, are all going under. There is nowhere to go, no- where
to hide, no place that is going to avoid this. It’s just one big Prison
Planet now that the U.S. has fallen.
“The first panacea for a mismanaged
nation is inflation of the currency; the second is war. Both bring a
temporary prosperity; both bring a permanent ruin. But both are the
refuge of political and economic opportunists.” Ernest Hemingway,
“Notes on the Next War: A Serious Topical Letter”, 1935."
Think there won’t be violence, riots and total civil disorder in the “inner cities”?
Think the FEMA detention camps
are some right wing fantasy? The Army Times reported last year the military
must prepare for, “a violent strategic dislocation inside the U.S.”
that could be caused by, “unprovoked economic collapse orloss of functioning
political and legal order.” “There is a Domestic Emergency Unit
of almost 100,000 soliders and growing stationed in Georgia. There have
been numerous riots in this country for no reason at all.
When the welfare checks won’t buy anything these people will be cold, hungry, homeless,
and have nothing to lose. The military will shoot them in the streets and jail those
who live. Don’t live in cities. You’re not safe in cities for a lot of reasons. Actually
the farmers will be the safest and most prosperous as they were 80 years ago.
Norman Thomas said America would succumb to the sickness of socialism over sixty years ago. It is frightening how prophetic he was. Norman is surely laughing in his grave (or in Hell) at how stupid, weak, and gullible the American public is to elect an avowed Marxist. Notice back in 1944 he said the Democratic Party had already adopted the socialist program. Republicans are no better today. It is just one Republicrat Party and the President is just a puppet for the Powers That Be. Only 2% Libertarians in this country who want freedom and affluence and self responsibility. Chains you can believe in. Welcome to Obamunism. It only gets worse from here.
Go buy silver. Be prepared. That’s the Boy Scout motto- be prepared. Be prepared for everything and anything as much as possible. By Christmas we’ll be in an undeniableoutright depression. History is cyclical and it has been 80 years since the last one. History repeats. History always repeats.
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