Welcome to Roger's Economic Rant
September 2012 Economic Rant -Roger Mason
The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary.— H. L. Mencken
by brute force." - Ayn Rand
Economically, we have four completely insolvable problems- Social Insecurity, "defense" (our endless imperialistic wars of aggression), Medicare, and Medicaid.
1) Social Security should have never been instituted and should be ended.
2) We should spend 10% of the world military budget, not 50% (we are 5% of the world population.)
3) Medicare should be ended
4) Medicaid should be ended.
Then we could go to work on ending food stamps, all welfare, and every other possible entitlement program. Getting rid of "public" (e.g. government) schools and state universities should be a wonderful idea. If you have children then send them to school on your own dime, not mine. We can end "public" libraries, the post office, AMTRAK, and all kinds of government boondoggles. It's a very long list. Socialism and Big Government always fails and America is dead after 236 years.
“My opinion of Christian Zionists? They’re scum. But don’t tell them that. We need all the useful idiots we can get right now.”— Benyamin "Bibi" Netanyahu, at the time a former Israel Prime Minister. This is Romney's best friend in the world. He admitted publicly he does not make any foreign policy decisions without consulting with Bibi first. This is why Romney may well be even worse than Obama. We repeatedly have explained you don't have to be Jewish to be a Zionist. There are many Christian Zionists like Joe Biden and Hillary Clinton- and the Romney/Ryan team.
Yes, Romney should produce his tax records for the last 12 years, but let's look at Obama. The Communist Party USA endorses him. Fidel Castro endorsed him. Yet the American sheeple elected him president, and may well do so again in November. All his records are sealed. He's not even an American citizen. He never went to Columbia University. We know almost nothing about him, except he is not an American citizen and is a committed Communist/Marxist radical.
There is no real difference between Barack Romney and Mitt Obama. Only about 2% (at best) of Americans will vote Libertarian. Ron Paul was on TV in the Republican debates, and the sheeple could have chosen him as the candidate, but only about 6% did. The other 94% prefer a neocon like Romney who will continue to destroy America.
Look at this 142 year chart that goes back to 1870. Since the Federal Reserve in 1913 the dollar has lost 95% of it's value. This is the biggest financial fraud in history. The "Fed" prints green paper with no value and has for 99 years.
As Voltaire said in 1729; All paper money eventually returns to its intrinsic value – ZERO. For the first time in the history of this planet no currency has any value at all. This has never happened in the last 5,000 years. No currency on earth is backed by anything but ignorance and stupidity. There isn't one currency on earth that has any value whatsoever. Silver and gold have been the only real money for 5,000 years. All currencies have failed. American currency has already failed twice. You didn't know that, did you? It will fail for the third time. The American dollar has already lost 95% of it's value since the federal reserve was established 100 years ago. It is a privately owned conglomerate of Zionist banks, it is not "federal", and it has no reserves at all. This 99 year chart is easier to read.
Look what happened after Obama took office in 2008. This is the ratio of employable adults to actual (non-government) employment. Of course we now have more government employees per capita than ever, which just makes everything even worse. The real unemployment rate is actually 30%, which is worse than the Great Depression at 25%. The official 8% claim is ridiculous. Endless millions of people are no longer counted for a variety of reasons- mostly that they plain damn gave up on finding any kind of reasonable job. That's right folks, the real unemployment rate is about 30%.
If you look at the ten planks of the Communist Manifesto you will see that all ten are well instituted here in America. We now have the United Socialist States of America or the U.S.S.A. The American public freely chose an admitted Marxist in 2008. They will probably choose him again since half of Americans get a gummint check every month.
These are the Mexican immigration laws. They are obviously light years ahead of us:
1. There will be no special bilingual programs in the schools.
We have repeatedly explained that solar power, wind power, and biofuels are all worthless scams. Well, 40% our massive corn crop is being used to make ethanol. People are starving right here in the U.S. yet we use almost half our corn for useless ethanol. It takes more energy to make ethanol than you get back. The only reason it is used at all is because of government subsidies. Yes, your tax money subsidizes the use of ethanol. Your tax money also subsidizes those stupid electric (really they are coal cars) cars. The media tells you that ethanol is widely used in Brazil and made from sugar cane waste (bagasse). Well, even being made from vegetable garbage it costs more to make than you get back in energy. The Brazilian government forces people to use it in gasoline. The Brazilian people hate it and will not buy it. If you can't make economical ethanol from waste you sure aren't going to make it from a valuable staple food like corn.
90% of foreclosed homes are denied, hidden, and lied about. These are called "shadow REOs" or unclaimed real estate/bank owned properties. Eventually these millions of homes will have to be admitted to and prices will keep falling. The media American home will fall from $225,000 (2005 peak) to a mere $100,000- or even less. Worse, there are countless underwater homes that are worth far less than the mortgage balance. The only rational thing to do is give the keys to the bank and walk away. Every day more people do this, and the list of foreclosed homes grows and grows. The real estate (residential and commercial) crash is just getting warmed up folks. We have a long way down to go here. If you buy a mere 250 ounces of silver at $30 spot for $7,500, you will be able to buy a beautiful home that used to cost $225,000 in 2005.
Let's repeat that for clarity. If you buy $7,500 worth of silver today you will be able to buy a beautiful home in less than five years for cash fully paid for. Silver is going to $400 an ounce and then higher. Silver will vastly outperform gold. You must have physical bullion in your own hands. No paper silver, no SLV, no silver stocks, no unsafe deposit boxes, no storage programs of any kind. All paper will be worth paper.
Silver will return to it's historical 15 to 1 ratio. That would put, for example, gold at only $6,000, but silver at $400. This is based on the fact fifteen times more gold was mined than silver. Well, now it is only ten times. That would mean $6,000 gold and $600 silver. If gold went to, say, $10,000, then silver would be $1,000. However, that means hyper-inflation the likes of which has never been seen. The only real money is silver and gold, and silver is four times better than gold. Not 1 in 100 Americans own any significant amount of either metal. The rest are brain dead, stupid, ignorant, and asleep at the wheel.
The commercials added a huge one third to their net short silver futures contracts reported on August 24. Normally this would have caused the spot price of silver to fall significantly. It didn't. Folks, the cartel has finally failed in their manipulation. We are out of silver, and people around the world are waking up to the fact silver is the best investment in the world, and has been for over 15 years now. Mining cannot possibly even begin to keep up with demand. We'll see $50 silver by Christmas, which will then be a floor for silver, rather than a ceiling. Remember that $50 silver in 1980 is now about $140 adjusted for inflation. There was endless silver available back then. For the more adventurous you can consider long term silver calls March 2013 at $55. They are very cheap and you could make a lot of money. Your poor old author has March $55 and December $75 calls. Plus a boatload of futures contracts. Do NOT play with futures contracts!!!
Do not vote for Barack Romney or Mitt Obama. Neither one of them is any good. Vote for Libertarian Gary Johnson if you can write in a candidate. Don't sit home and not vote. Your vote for Gary Johnson will not be "wasted". Voting for Barack Romney or Mitt Obama is a waste. (Thanks for bastiatinstitute.org.)
Like Bush said, "you're either with us or against us".
You probably already know that Homeland Security bought enough hollow point bullets to kill every American three times over. These are obviously not for those Evil Arabs, the Taliban, and al Queda. They are for us folks. These bullets are banned by the Geneva Convention for warfare, but it's all right to kill your own people with them. Homeland Security is the military arm of the police state. The airports were just their starting point. Load up on all the guns and ammo you can. Buy 1,000 round cases of the common ammo you use. The government will first ban ammo, since guns are useless without it. After they ban the ammo then they will come for your guns. What will you do? Every other developed nation just rolled over like the sheep they are and gave up their guns. Australia is a prime example of this.
See you in two weeks. Load up on silver bullion.
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