Welcome to Roger's Economic Rant
Late July 2015 Economic Rant -Roger Mason
"The victor will never be asked if he told the truth" - Adolf Hitler
History is always written to favor the victor and disparage the loser. That is why you never hear the real facts about World War II. It was none of our business, and we should have never entered into it. Pat Buchanan pointed that out very clearly. History was written by the victors, and now the truth is covered up. At least Buchanan told it.
Those who believe what they're told will definitely deserve what they get
The world is a funny place. Billionaire super star investors like David Einhorn and John Paulson invested billions of dollars into Greece with their famous funds. The Einhorn Greenlight Capital Fund lost BILLIONS on Greece. The Paulson Special Situation Fund also lost BILLIONS on both Greece and Puerto Rico. How can rich people be that stupid? Why did the EU keep giving a poverty stricken cesspool like that TRILLIONS of dollars. Yes, about 4 trillion dollars. They can't pay back $4 million dollars (one 1,000th of 4 trillion), much less 4 trillion. The world has gone insane obviously. The ruling Syriza party is openly communist. Greece is hopelessly bankrupt. The Greek people will starve in the streets now. Good! Good riddance. The EU will collapse along with the Euro. Greece and Germany will wisely side with Russia and reject American imperialism.
32 STATES ARE OFFICIALLY BANKRUPT
Led by California, Michigan, New York, and Pennsylvania. The federal government keeps them afloat. America is finished folks. ZeroHedge.com reported this article in the Economic Policy Journal. America is bankrupt, but the sheeple haven’t figured it out yet. The U.S. dollar is worthless green toilet paper backed by nothing. They haven’t figured that out either. They'll finally figure it out when the SHTF and they're starving in the street crying for, "gummint help".
Of course this chart isn’t true at all. We don’t have a debt of a mere $18 trillion. We have a debt of about $180 trillion, or TEN times what the government is telling us. We could pay off an $18 trillion debt with austerity. However the point is made America is hopelessly mired in debt. All debts get paid all the time, every time either by the buyer or the seller. The American people will pay this off in the form of the worst depression the world has ever seen. July multiply the red zone by ten.
Hillary has collected over $50 million in campaign funds
from brain dead sheeple. She knows she’s dying, and she’s only in this for the 1)
attention, and 2) the money. Sometime in 2016 watch her announce she, “just found out she
has cancer” and drop out. At this point Bush III is your next president. Cuba, Myranmar, and North Korea offer better choices
BUY WHEN THERE IS BLOOD IN THE STREETS
Metals are down. You can sit around and moan, whine, complain, and bitch about how badly gold and silver are doing. Or you can do what Baron Rothschild did in 1815 (200 years ago exactly) after Napoleon lost the battle of Waterloo. He bought all the distressed assets he could afford. His famous saying is, "The time to buy is when there is blood in the streets- even if that blood is your own.” The Rothschilds are the richest family on earth. Silver at $15 is the most undervalued asset in the world. Buy all you can. Look at this one year DJT chart. Hopeless, completely hopeless. The DJU is equally hopeless. The DJI will follow. Count on that, bet on that. Dow Theory works. Dow theory says the DJI, DJT, and DJU move together in synch for a trend to be valid. The stock markets are ready to collapse.
The Chinese Shanghai stock market has collapsed 30% in a month. Fortunately for us, China is falling apart at the seams. The U.S. dollar is in a four month bear market. No chart is needed.
The Greeks are starving, and have no access to food or money. The banks shut down and took all their money. That will happen here soon. Now there are tens of millions of people who depend on the government to eat. Like 1 in 5 families now. They will starve in the street. This is what the FEMA camps are for- the welfare crowd who will riot when they are hungry. The communist Greek Syriza government is going to give a 30% "haircut" to anyone with 8,000 euros or more in the bank. Take all your money out of the banks except for a small checking account to pay monthly bills.
Every state demands your children get almost twenty vaccinations before they leave high school. About 48 allow exemptions for religious or philosophical reasons. Mississippi allows none. 98% of the sheeple are too stupid to object, and let the state inject their flesh and blood with toxic, dangerous, ineffective vaccines. Now California wants to put an end to the 2% who have some sense. No more exemptions. Moonbeam Brown is a typical liberal, who constantly talks about "freedom", but will not tolerate freedom. Vaccinate your children or go to prison. Then Social Services will take them. Do we live in a great country or what?
GEORGE SOROS THREATENS NUCLEAR WAR TO CHINA
George Soros has told China to join the New World Order or World War III will start. He told them to dump Russia and join up with him and he'll support the yuan. What a joke. China has allied with Russia and Iran. Think Iran is small potatoes? They have one quarter of the population we do and a very powerful army. America hasn't won a war in 70 years. We lost in Vietnam in case you forgot.
"The Constitution preserves the advantage of being
armed which Americans possess over the people of almost every other nation,
where the Government are afraid to trust their people with arms." -John Adams. Always remember the main reason
to own guns is to protect yourself from a dangerous government.
RON PAUL SOLD OUT LONG AGO
You've probably seen the TV ads by Ron Paul for www.ronpaulmessage6.com. Ron has sold out and is a disgrace to all libertarians. He is now working with the huckster Porter Stansberry to sell an overpriced, third rate book America 20/20. You also get placed on their subscriber list to get their equally third rate newsletter. Ron Paul won't even come out and say no one died at Sandy Hoax, the Batman movie was a fraud, 9/11 was an inside job, Osama Bin Laden died 10 years ago, or anything else of importance. Now he is working with hucksters selling garbage financial advice. His Zionist sock puppet son is an even worse disgrace. The book is full of disinformation and not worth reading.
Bill Gross, the Bond King, of the Janus Fund, and Larry Fink of Black Rock are both screaming a bond crash is imminent. Gross ran the $2 trillion bond fund PIMCO- the largest in the world. Listen to him. You do not have to understand bonds. Just understand bonds are THE BIGGEST MARKET ON EARTH. (Derivatives are a scam, not a market.) The entire worldwide bond market is completely interconnected. European bonds are failing. Europe is our warning. Get your money out of the bank. Sell your IRA/401k. Buy all the silver you can. PREP, and keep prepping. One Monday morning you are going to wake up and find all the banks have shut down. Your credit/debit card doesn't work. You can't write a check. Is all you have is the little bit of money in your wallet. Within 24 hours the super- market shelves are empty. No one knows when this will happen, but it is going to happen. Be ready for it. Be prepared. Prep, and keep prepping.
AS GOES CALIFORNIA SO GOES THE NATION
In Los Angeles and San Francisco your guns must be locked up in an approved safe or cabinet, or you will be in violation of the law. This makes your guns totally useless for home protection, break ins, and invasions of course. A total gun ban is done day by day, inch by inch, over time. More and more the bullets will disappear. More and more the guns will disappear. Totalitarian governments cannot tolerate gun ownership. Again, the main reason to own guns is to protect yourself from an overreaching government.
This home at 949 W. Brazil Street in Compton, CA is for sale at only $295,000. If you think this is a joke go to zillow.com, or another real estate site, and look it up for yourself. It is only 1,122 square feet. It is a cinder block hovel in a ghetto. Compton is world famous as a black crime zone. This isn't a joke. California has the biggest real estate bubble in the entire world. When it bursts you are going to see pandemonium. Go to Dr. Housing Bubble to keep up on real estate. California is also the most bankrupt state. CALPERS is the largest retirement fund in the world, and has been bankrupt for decades. It's all going to Hell folks. Welcome to End Times.
Pope Benedict was the last real Catholic Pope
Pope Benedict XVI was the last real Pope. The current one, Pope Francis, is a committed communist and a traitor to the Catholic church. He is now Satan's Pope. He is preaching classic Marxist rhetoric all over South America. No more pretenses; he came right out of the political closet. This is another sign of End Times. The famous St. Malachy Prophecy of 1148 predicted the end of the papacy. Most historians dismiss it, but it came true! Look it up if you are curious..."Malachy Prophecy".
The July 3 COT report was released on Monday the 10th due to the holiday. It was great! Commercial gold shorts down 26,000 to only 75,000 net short. Silver shorts down 8,000 to only 21,000 net short. The July 10 COT report was stunning! The commercials reduced their gold shorts a humongous 22,000 down to 53,000 net short. They reduced their silver shorts an equally humongous 7,000 down to only 14,000 net short. Remember this weekly report is not audited, but it has worked. This indicates the bottom is in, EVEN THOUGH an eight month floor was broken (except for gold). In only two weeks the commercials have dramatically dumped their short positions. Gold did NOT make a new low, even though silver, the HUI, and the GDX did. Silver has gone from 29,000 commercial net shorts to only 14,000 in just two weeks. This is huge. Look at the purple lines below; they are the commercial shorts. Historical lows now.
The total silver open interest (all COMEX silver contracts) has fallen to 186,000 from 200,000. This is far, far too high and exceeds the total annual worldwide production of silver. (Each contract is for 5,000 oz X 186,000!) When this gets down to, say, 100,000 it will be a lot more reasonable, and the manipulation will no longer be possible. The open interest on the U.S. dollar, for example, is only 96,000.
The two photos of Dylann Roof with Confederate flags are photo shopped. He was a drug addict liberal with lots of black friends on Facebook. He had no attraction, nor even knowledge, of Southern history. He has a low I.Q. and little education. He was a government stooge for the murder. Soon, it will be illegal to have a beach towel or coffee cup with a "racist", "hateful" Confederate flag. The South Carolina government has taken it down for no reason at all. It is their history and heritage. That flag is about seceding from the North, not anything at all to do with slavery. The Northern War of Aggression was the real evil. It was not the "Civil" War in any way, shape, or form.
AMERICA IS A THIRD WORLD FEUDAL REPUBLIC OF SERFS
Here it is again. We are becoming a feudal society with 1% at the top and 99% serfs working in the fields just to eat. Look at this chart from Street Talk Live. Home owners are a dying breed. Now everyone is renting from some rich landlord. America was built on a large, powerful, hard working middle class. All that is dying. Free societies are always defined by a big, strong middle class.
NATO IS FALLING APART
There are 28 NATA countries, and many of them are sick and tired of American imperialism and their evil wars of aggression. Greece is going to leave the EU, drop out of NATO, and side with Russia and China. Germany will follow. That will be HUGE. Then watch for countries like Albania, Austria, Bulgaria, Croatia, Czech Republic, Estonia, Hungary, Italy, Latvia, Lithuania, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Turkey to leave. We don't know which ones will leave or when, but this is a promising list. These countries do not want nuclear war due to America. They don't want missiles raining down on them because of American evil. NATO is falling apart, and the One World Order with it. Now we just need the United Nations to fall apart with them. America is the most hated country on earth now, and for good reasons.
Think Donald Trump is a good guy with his strong stand against immigration? Hardly. He is trying to break up the Republican vote so Hillary can be elected. He wanted Oprah Winfrey as his running mate! He is very tight with the Clintons, and has donated to the previous senator Hillary campaign. They were honored guests at another one of his many weddings. He is a total supporter of Israel and Netanyahu. He even did ads in Hebrew on Israeli TV supporting the murdering psychopath. He hates Pat Buchanan for telling the truth. He donates to the Democratic party. He donates to communist zionist Chuck Schumer. He blames Putin for the Ukraine conflict. He wants to ban the Confederate flag. In other words, Trump is a liberal turd of the worst order. Here is a recent photo of his narcissistic self that needs no comment.
This is the best
synopsis around about the TPP from www.militianews.com:
The Trans Pacific Partnership (TPP) is an eleven-nation secret international document that is being written like a treaty, but it is being called a trade agreement. Leaked reports say the TPP has 29 chapters but only 5 are about trade.
The other 24 chapters are about the environment, global immigration, global wealth redistribution, global education (Common Core), human rights (children’s rights; gay rights, same-sex marriage), gun control, healthcare, women’s reproductive rights (abortion), sustainable development (Agenda 21, the Earth Charter) and other global goals.
Critics say the TPP destroys the U.S. Constitution; the U.S.
will never be able to go back to the Constitution again. It speeds up the development
of the North American Union providing a framework for world government and
speeds that up. It provides a framework for a new world economic system; it
establishes laws and courts that will dictate to nations (including the U.S.) the laws
that they must pass; it changes immigration laws (erases borders in many
nations) and replaces everyone under the control of a ruling elite that
ordinary citizens cannot vote for, remove or replace.
Even worse, the House
Ways and Means Committee called it a “Living Agreement.”
This means in the future the ruling elite can change anything they want to
change and all of the agreeing nations will be bound by those changes.
loans in America
exceed the value of the cars involved!
Only in America
can something like this happen. People who have car loans owe more than their
car is worth. It's very much the same with housing. So
many people are underwater with their houses they should just give the keys to
the bank and walk away. They would be much better off. Why, for example, would
you want to pay the bank, say, $300,000 for a house that is only worth
$200,000? PLUS THE INTEREST. People are still living over their heads in America
as much as they can. All this will come crashing down in the greatest
depression the world has ever seen.
STOCK MARKET MARGIN DEBT AT 36 YEAR HIGH
Thanks to Barron's, Mark Lundeen, and GATA for this 36 year chart. This means people are buying stocks on margin and taking huge risks. This has never happened in the history of America- except in 1929 when the market crashed. You are going to see the Dow collapse to 5,000 and maybe down to 1,000. Look at the Dow Transports for proof. Dow Theory works! The DJI, DJT, and DJT have to rise or fall together for a true trend.
Here is what quietly happened on January 1 (six months ago) when ObamaCare officially was enacted. Notice the media did not cover this. Classic Marxism. Life in America just went further down the toilet:
Top Income tax bracket went from 35% to 39.6%
Top Income payroll tax went from 37.4% to 52.2%
Capital Gains tax went from 15% to 28%
Dividend tax went from 15% to 39.6%
Estate tax went from 0% to 55%
A 3.5% Real
Estate transaction tax was added.
Since capital gains is now 28% why invest in anything? You can't win. Dividend tax at almost 40%? Estate tax from 0% to 55%? And everyone gets a 3.5% real estate transaction tax whether they buy or sell. The total collapse is around the corner. Next is the seizure and confiscation of your 401k/IRA for your own, "protection, safety, and security". You'll get worthless Treasury annuities when they steal your life savings.
Yes, this shark cartoon has been published repeatedly, and will be put here again until every single reader of the Rant has dumped their 401k/IRA and bought silver. This has happened in other countries and will happen here. The government is desperate go get a hold of the trillions of dollars in life savings.
You need to prepare for what is coming. Be prepared, be ready. Buy whole grains, dried beans, ammo, some canned goods, some U.S. dollars (the store owners really don't understand the value of silver), toilet paper, light bulbs, paper towels, laundry soap, dish soap, bath soap, feminine hygiene needs, Kleenex, liquor (good barter item!), a generator, gasoline (must be changed out after one year), salt, batteries, septic pack soymilk, baby food, canned (not dry) dog/cat food, instant or whole bean coffee (good barter item), first aid supplies, and every other item you use daily. Consider a propane conversion for your generator (about $300) and a 100 gallon propane tank. Have a well drilled in your back yard with a hand pump. None of that expensive freeze dried crap. Whole grains and dried beans in airtight containers. Prep, and prep some more. Most prep advice you read online is stupid like powdered dairy milk, sugar, white flour, freeze dried junk, and other misinformation.
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