Remember when we spoke about giving up every last penny of our wealth to get rid of the bloodsucking elites that are killing our childrens’ futures?
After reading this commentary, you will have the concise MATH, (there’s that word again), and course of the nation that explains why you feel like a hamster on crack, and can’t sleep at night. The numbers do not lie.
FOREWORD: At certain times, focusing on the big picture is important not just for investment success, but for personal welfare, and even survival. We believe such times are here. It is estimated that 98% of Americans have never held a gold coin in their hands. Yet 100% of Americans regularly handle Federal Reserve Notes. From a contrarian standpoint, the financial message from those two statistics is clear. Even so, gold is much more than money or an investment medium; it stands for liberty and throughout history has facilitated escape and ensured freedom. Never having touched a gold coin is the monetary equivalent to never having breathed fresh air, felt the warmth of sunshine, looked up at the stars or risen from the gutter. Fiat Federal Reserve Notes are becoming nothing more than sewage decomposing in the vast, toxic septic tank of predatory Washington politics, epic Federal Reserve arrogance and error, blatant Wall Street fraud and outright Master Class plunder. Below, we outline America’s troubling and compounding predicament, and urge you to think about how to protect yourself from its consequences, both financially and personally.
Thanks to the endless barrage of feel-good propaganda that daily assaults the American mind, best epitomized a few months ago by the “green shoots,” everything’s-coming-up-roses propaganda touted by Federal Reserve Chairman Bernanke, the citizens have no idea how disastrous the country’s fiscal, monetary and economic problems truly are. Nor do they perceive the rapidly increasing risk of a totalitarian nightmare descending upon the American Republic.
One stark and sobering way to frame the crisis is this: if the United States government were to nationalize (in other words, steal) every penny of private wealth accumulated by America’s citizens since the nation’s founding 235 years ago, the government would remain totally bankrupt.
According to the Federal Reserve’s most recent report on wealth, America’s private net worth was $53.4 trillion as of September, 2009. But at the same time, America’s debt and unfunded liabilities totaled at least $120,000,000,000,000.00 ($120 trillion), or 225% of the citizens’ net worth. Even if the government expropriated every dollar of private wealth in the nation, it would still have a deficit of $66,600,000,000,000.00 ($66.6 trillion), equal to $214,286.00 for every man, woman and child in America and roughly 500% of GDP. If the government does not directly seize the nation’s private wealth, then it will require $389,610 from each and every citizen to balance the country’s books. State, county and municipal debts and deficits are additional, already elephantine in many states (e.g., California, Illinois, New Jersey and New York) and growing at an alarming rate nationwide. In addition to the federal government, dozens of states are already bankrupt and sinking deeper into the morass every day.
The government continues to dig a deeper and deeper fiscal grave in which to bury its citizens. This year, the federal deficit will total at least $1,600,000,000,000.00 ($1.6 trillion), which represents overspending of $4,383,561,600.00 ($4.38 billion) per day. (The deficit during October and November, 2009, the first two months of Fiscal Year 2010, totaled $296,700,000,000.00 ($297 billion), or $4,863,934,000.00 ($4.9 billion) per day, a record.) Using the GAAP accounting method (which is what corporations are required to use because it presents a far more accurate and honest picture of a company’s finances than the cash accounting method primarily and misleadingly used by the U.S. government), the nation’s fiscal year 2009 deficit was roughly $9,000,000,000,000.00 ($9 trillion), or $24,700,000,000.00 ($24.7 billion) per day, as calculated by brilliant and well-respected economist John Williams. (www.shadowstats.com) Fiscal Year 2010’s cash- and GAAP-accounting deficits will likely be worse than 2009’s, given government bailout and new program spending that is on steroids and psychotic.
Putting Fiscal Year 2009’s $9,000,000,000,000.00 ($9 trillion) deficit another way, 17% of America’s private wealth, accumulated over a period of 235 years, was wiped out by just one year’s worth of government deficit spending insanity.
Given this, is it any surprise that Treasury Secretary Geithner has announced that the release of the nation’s FY 2009 supplemental GAAP financial statements has been delayed? Remember, this is the same Secretary Geithner who bullied people to cover up the sordid details of the AIG, or more accurately, the taxpayer-funded, multi-billion dollar, Santa Claus bailout and bonus bonanza for Goldman Sachs. Do you really think this government, characterized as it is by fiscal and monetary secrecy, lies, chicanery, cronyism and stonewalling, wants the people to know what is actually happening? Obviously, it does not, so it hides from the public the inexcusable facts.
It is estimated that the top 1% of Americans control roughly 40% of the nation’s wealth. In other words, 3 million people own $21,400,000,000,000.00 ($21.4 trillion) in net private assets, while the other 305 million own the remaining $32,000,000,000,000.00 ($32 trillion). 77,000,000 (77 million) Americans (the lowest 25%) have mean net assets of minus $2,300 ($-2,300.00) per person; they live from paycheck to paycheck, or on public assistance. The lower 50% of Americans own mean net assets of $27,800 each, about enough to purchase a modest car. Obviously, it would be impossible to retire on such an amount without significant government or other assistance. Meanwhile, the richest 10% of Americans possess mean net assets of $3,976,000.00 each, or 143 times those of the bottom 50%; the top 2% control assets worth more than 1,500 times those in the bottom 50%. When you combine these facts with Wall Street’s typical multi-million dollar annual bonuses, you get an idea of wealth inequality in America. Historically, such extreme inequality has been a well-documented breeding ground for totalitarianism.
If the government decides to expropriate (steal) or commandeer (e.g., force into Treasuries) America’s private wealth in order to buy survival time, such a measure will be designed to destroy the common citizens, not the elite. Insiders will be given advance warning about any such plan, and will be able to transfer their money offshore or into financial vehicles immune from harm. Assuming that the elite moves its money to safety, there would then be $120,000,000,000,000.00 ($120 trillion) in American debt and liabilities supported by only $32,000,000,000,000.00 ($32 trillion) in private net worth, for a deficit of $88,000,000,000,000.00 ($88 trillion). In that case, each American would owe $285,714.29 to balance the country’s books. (Remember to multiply this amount by every person in your household, including any infant children.)
If the common people suspect that something diabolical was in the works, a portion of the $32 trillion in non-elite wealth could be evacuated as well prior to a government expropriation and/or currency devaluation, resulting in less money for the government to steal. What these statistics mean is that it is absolutely impossible for the government to fund its debt and deficits, even if it steals all of the nation’s private wealth. Therefore, the government’s only solutions are either formal bankruptcy (outright debt repudiation and the dismantling of bankrupt government programs) or unprecedented American monetary inflation and debt monetization. If the government chooses to inflate its way out of this fiscal catastrophe, the United States dollar will essentially become worthless. You can be absolutely certain that a PhD. in economics, such as Dr. Bernanke, is well aware of these realities, despite what he might say in speeches. For that matter, so are Chinese schoolchildren, who, when patronized by Treasury Secretary Geithner about America’s “strong dollar,” laughed in his face. One day, perhaps America’s school children will receive a real education so that they, too, will know when to laugh at absurd propaganda.
The government has announced that during the fiscal years from 2010 through 2019, it will create an additional $9,000,000,000,000.00 ($9 trillion) in deficits, an amount that is almost certain to be understated by trillions given the country’s current economic trajectory. The government assumes that this vast additional deficit will be funded by others, such as the Chinese, as it is a statistical fact that the United States will be incapable of funding it.
Furthermore, with the budgetary equivalent of a straight face, the Office of Management and Budget reports in its long-term, inter-generational budget projection that the United States government will experience massive, non-stop deficits for the next 70 (SEVENTY) years, requiring the issuance of tens of trillions of dollars of additional debt. The OMB does not project even one year of surplus during the entire seventy year budget period.
These deficits and debts are now so gargantuan that they have become surreal abstractions impossible even for sophisticated financiers to begin to comprehend. The common citizen has absolutely no idea what these numbers mean, or imply for his or her future. The people have been deluded into thinking that America’s arrogant, egomaniacal, always-wrong-but-never-in-doubt fiscal witch doctors and charlatans, including Greenspan, Rubin, Summers, Geithner and Ponce de Bernanke, have discovered a Monetary Fountain of Youth that endlessly spits up free money from the center of earth, in a geyser of good will toward the United States. Unfortunately, this delusion is false: there is no Monetary Fountain of Youth, and contrary to the apparent beliefs of the self-deified man-gods in Washington, D.C., the debt and deficits are real, completely out of control, and 100% guaranteed to create catastrophic consequences for the nation and its people.
When government “representatives” deliberately sell into slavery the citizens of a so-called free Republic, they have committed treason against those people. This is exactly what has happened in the United States: the citizens have been sold into debt slavery that they and their descendants can never escape, because the debts piled onto their backs can never, ever be paid. Despite expensive and sophisticated brainwashing campaigns emanating from Washington, claiming that America can “grow” out of its deficits and debt, it is arithmetically impossible for the country to do so. The government’s statements that it can dig the nation out of its fiscal hole by digging an even deeper chasm have become parodies and perversions of even totally discredited and morally disgusting Keynesianism.
The people no longer have elected representatives; they have elected traitors.
The enslavement of the American people has been orchestrated by a pernicious Master Class that has taken the United States by the throat. This Master Class is now choking the nation to death as it accelerates its master plan to plunder the people’s dwindling remaining assets. The Master Class comprises politicians, the Wall Street money elite, the Federal Reserve, high-end government (including military) officials, government lobbyists and their paymasters, military suppliers and media oligarchs. The interests and mindset of the Master Class are so totally divorced from those of the average American citizen that it is utterly tone deaf and blind to the justifiable rage sweeping the nation. Its guiding ethics of greed, plunder, power, control and violence are so alien to mainstream American culture and thought that the Master Class might as well be an enemy invader from Mars. But the Master Class here, it is real and it is laying waste to America. To the members of the Master Class, the people are not fellow-citizens; they are instruments of labor, servitude and profit. At first, the Master Class viewed the citizens as serfs; now that they have raped and destroyed the national economy, while in the process amassing unprecedented wealth and power for themselves, they see the people as nothing more than slaves.
America’s public finances are now so completely dysfunctional and chaotic that something far worse than debt enslavement and monetary implosion, terrible curses unto themselves, looms on the horizon: namely, a Master Class-sponsored American dictatorship.
Throughout history, the type of situation in which America now finds itself has been a fertility factory for tyranny. The odds of an outright overthrow of the people by the Washington and Wall Street Axis, or more broadly, the Master Class are increasing dramatically. The fact that so few people believe an American dictatorship is possible is exactly why it is becoming likely.
Dictatorships have blighted history and ruined lives since the beginning of civilization. In recent times alone, tyrants such as Hitler, Stalin, Lenin, Ceausescu, Amin, Hussein, Mussolini, Tojo, Kim, Pinochet, Milosevic, Tito, Batista, Peron, Pol Pot, Mugabe, Marcos, Somoza, Mengistu, Bokassa, Sese Seko, Franco, Ho Chi Minh, Mao, and Castro have power-sprayed blood onto the screen of time and ravaged mankind with murder, torture and human oppression. A full catalog of history’s tyrants would require a book of hundreds of pages. In the past 100 years alone, over 200 million human beings have been annihilated by wars, ethnic cleansings and government assassinations. Just when we think that civilization has been able to rise above tyranny’s inhumanity and disgrace, a new dictator appears on the scene to start the process all over again. Every time this happens, fear and submission paralyze the vast majority of the affected masses, leading them to “follow orders” and lick autocracy’s blood-stained boots.
History has proven to tyrants that oppression works. In fact, it is easy to control a populace, once you control the money, markets, military (including police), media and minions (the recipients of welfare, social security, free health care, government jobs and the like, who are dependent upon the state and likely to be compliant). This is exactly where the United States is today.
Recent American events paint an ominous picture of a Master Class that is now in total control.
When 90% of the American people vehemently rejected the $700,000,000,000.00 ($700 billion) TARP bailout plan, the Master Class put it on a fast track and approved it anyway.
When a clear majority of the American people said no to a government takeover of Chrysler and GM, the Master Class poured billions of taxpayer dollars into those corporate sinkholes and took them over anyway.
When the people said no to multi-trillion dollar crony bailouts for the bankers and insurers whose corruption had caused global financial mayhem, the government pledged to those elite insiders more than $13,000,000,000,000.00 ($13 trillion) of the people’s money anyway.
When the people expressed astonishment and anger that Wall Street planned to pay itself record 2009 bonuses, in the midst of America’s worst-ever fiscal and financial crisis caused by them, Wall Street stuffed its pockets with taxpayer-supported bonus money anyway.
When the people said no to a proposed $40,000,000,000.00 ($40 billion) bailout of AIG and its elite trading partners such as Goldman Sachs (an amount that subsequently exploded to $180,000,000,000.00+ ($180+ billion)), the Master Class went underground, covertly misappropriated taxpayer money and made the payoffs anyway.
When Fannie Mae and Freddie Mac were nationalized at enormous taxpayer expense, the government approved $6,000,000.00 individual pay packages in 2009 (150 times the average American wage) for the CEOs of both failed companies anyway.
When a clear majority of the people said no to nationalized health care, even after being bombarded by a multi-million dollar, lie-drenched propaganda campaign designed to bamboozle them, the House and Senate passed nationalized health care bills anyway.
When more than seven million American workers lost their jobs and were subsisting on unemployment benefits and food stamps, federal government employees, who now earn DOUBLE what private sector workers earn, were given another round of pay and benefits increases anyway.
When private sector workers’ 401Ks and IRA retirement plans plummeted in value due to economic collapse and endemic Wall Street-orchestrated market corruption (including systemic front running, flash trading, naked short selling and other manipulations), government “defined benefit,” lifetime-cost-of-living-adjusted pension plans, despite already being underfunded by $2,000,000,000,000.00 ($2 trillion), were made richer than ever anyway.
The long, shameful litany of events signaling the total divorce between the Master Class and the people of the United States doesn’t stop there. It goes on and on.
The message from the American Master Class to the American people is simple and clear:
We Defy You.
Governments that openly defy the people are either already totalitarian or in the process of becoming so. Monetarily, the United States clearly functions as a totalitarian dictatorship already, with a Federal Reserve that operates in secrecy, creates limitless amounts of debt and currency at will, and showers trillions of dollars upon favored Master Class insiders with zero transparency or accountability whatsoever. The Federal Reserve is so shameless about its dictatorial powers that it flatly refuses to provide details about multi-trillion dollar bailouts and rescues of privileged elites, in open defiance of Congress and the people. The fact that they get away with these blatant acts of defiance demonstrates the true extent of the Master Class chokehold on America.
If the Master Class were a benign despot and if its policies and programs actually worked, that would be one thing. But that is not the case. Rather, its programs are in a complete shambles.
Every single government entitlement program in the United States is bankrupt. This includes Social Security ($17,500,000,000,000.00 underfunded; $17.5 trillion); Medicare Part A ($36,700,000,000,000.00 underfunded; $36.7 trillion); Medicare Part B ($37,000,000,000,000.00 underfunded; $37 trillion); Medicare Part D ($15,600,000,000,000 underfunded; $15.6 trillion), Government and military pensions ($2,000,000,000,000 underfunded; $2 trillion), Food Stamps (current underfunding difficult to measure because the number of recipients is exploding; hundreds of billions underfunded versus original projections, minimum); and the list goes on. The above underfunding amounts are NET of projected tax receipts over the next 50 years. But the current recession has invalidated virtually all long-term budget and tax receipt assumptions, meaning that the true underfunded amounts are now greater than current, already mind-boggling estimates.
While the above statistics are terrifying enough to any citizen with a functioning brain, what is Twilight Zone-eerie and a far more serious cause for alarm is the casual indifference with which the Master Class is now making the country’s dire and irreparable fiscal circumstances even worse.
The nationalized health care program will cost at least $1 trillion over the next ten years, and most likely multiples of that. It is being crammed down America’s throat by a bankrupt government that does not have the money today and will not have the money tomorrow to pay for it. Worse is the fact that the same government that has bankrupted each and every existing social program now intends to directly or indirectly control the health care of all citizens. Based on the government’s existing track record and the health care program’s enormous complexity, invasiveness and cost, the probability that it will become a national fiscal and humanitarian catastrophe is roughly 100%.
“Cap and Trade” is a multi-trillion dollar tax scam being foisted onto the American public without a legitimate debate or popular referendum. You might be surprised to learn that “Climate Revenues” are already included in the federal budget, starting with $79,000,000,000.00 ($79 billion) in fiscal year 2012, which begins only 20 months from now. During fiscal years 2012 through 2019, the government expects to collect $646,000,000,000.00 ($646 billion) in “Climate Revenues,” a completely new tax category. Have any of your elected traitors told you that they have enacted $646,000,000,000.00 ($646 billion) in “Climate” taxes beginning twenty months from now and continuing forever? These “Climate Revenues” are based on junk science, lies and hysteria, and have been pimped by greed-diseased parasites who seek to make billions from operating and manipulating the Cap and Trade “marketplace.” Favored elitists such as Hank Paulson, Al Gore, General Electric and Goldman Sachs, among others, have positioned themselves to profit from the nation’s upcoming Cap and Trade tax misery and economic debilitation.
The reality is that the giant Ponzi scheme called the United States of America is running out of money. In any Ponzi scheme, money must constantly be poured into the top of the funnel in order to pay the redeemers at the bottom. As the number of redeemers has grown, tax receipts have fallen far short of covering their withdrawals, a problem that has now become an outright government funding emergency further aggravated by the fiscal, financial and economic crises.
If the Washington and Wall Street Axis were not legally able to create and distribute counterfeit American money, the Ponzi scheme would have collapsed already. Trillions of new, out-of-thin-air, printing-press and electronic “dollars” have bought the Axis additional time, but new sources of revenue must immediately be found to keep the scam alive. Congress is fully aware of this reality. Outright tax increases would be bad politics during a recession that is morphing into a depression, and also bad for 2010 re-election campaigns, so they cannot be implemented. Therefore, Congress continues to advance the health care and Cap and Trade agendas, which are nothing but taxation Trojan Horses festooned in righteousness and sanctimony, despite overwhelming popular opposition.
If the nationalized health care program is passed, revenues and fees will kick in immediately in 2010, whereas costs will not begin to accrue until 2012 and later. The government plans to spend the revenues immediately to forestall a total fiscal collapse. Nationalized health care has absolutely nothing to do with health care; it has to do with creating an immediate revenue stream to help fix the current government funding crisis. Similarly, Cap and Trade has nothing to do with fixing the environment. It, too, is nothing more than a massive tax increase similarly designed to address the government’s epic funding shortfall, with thick slices of pork thrown in for privileged insiders and deceitful propagandists like bloated “Father of the Internet” and now “Savior of the World” Al Gore.
The last thing the Master Class wants is for the people to understand the disastrous state of the nation’s finances. Master Class brainwashing tells the people that it is “negative” and “pessimistic” to look at the facts, despite the fact that psychological health is characterized by the ability to identify and deal with reality. The Master Class wants the people to put on Bozo the Clown happy faces and let sugar plums and green shoots dance in their brains as they write one check after another to pay for Cap and Trade, nationalized health care, and a mind-numbing assortment of other taxes and fees.
On Sunday night, November 30, 2009, North Korea’s dictator Kim Jong Il (a name that says it all, even better than Made-off’s), an international poster child of Master Class psychological illness, devalued his country’s currency by 99%. This vicious tyrant, who has given birth to a national hell on earth, is chauffeured in Mercedes Benz limousines, drinks the finest imported whiskies and dines in imperial dignity on foods prepared by personal chefs while his citizens starve to death on the streets or, at best, eke out a subsistence living. Kim became paranoid that the people were actually figuring out how to improve their pitiful, impoverished lives in tiny ways, so he decided to wipe them out. The people were given one week to exchange their money at a rate of 100 old Won for 1 new Won. Any lifetime family savings in excess of roughly $700.00 were simply confiscated by the North Korean government. To keep the people in line, the military and police were put on high alert, fully prepared to kill or arrest any protesters.
On January 9, 2010, Venezuela’s strong man Hugo Chavez devalued his country’s currency by 50%, overnight and without warning, causing immediate inflation, shortages of food and supplies, and general financial chaos throughout the nation.
While you might be shaking your head in pity over the plight of the citizens of North Korea and Venezuela, ask yourself this: could this not happen in the United States?
On April 5, 1933, President Franklin D. Roosevelt, an Obama hero, outlawed gold ownership overnight by signing Executive Order 6102, which gave the people three and one-half weeks to surrender all privately-owned bullion to the government for a price of $20.67 per ounce. On January 30, 1934, nine months after collecting the people’s gold, Roosevelt devalued the dollar 69% overnight, by raising the gold price from $20.67 to $35.00 per ounce.
Since its founding in 1913, the Federal Reserve has devalued the dollar by 98+% thanks to endless money printing and debt creation, a corrosive and impoverishing process that is now accelerating. In the past year, the Fed has engineered $20+ trillion in bailouts, subsidies and guarantees for well-connected and lucky scavengers and opportunists, an amount equal to roughly 40% of the total private wealth created in this country since its inception. All because a few elitist government man-gods with an almost perfect record of error and failure have deemed in their imperial wisdom that it shall be so. The citizens, whose hard-earned wealth is being systematically destroyed by this continual, government-decreed monetary debasement were never invited to the debate or given a say, which is par for the course for dictatorships. This massive de facto devaluation now hangs over the people’s wealth like a great monetary sword of Damocles.
Conceptually, whether it is a 50% overnight devaluation in Venezuela, a 69% overnight devaluation in the United States, a 98% devaluation in America over time, or a 99% overnight devaluation in North Korea, what is the difference? The fact is: there is no difference; monetary debasements are all the same. In each and every case, the people’s wealth is stolen via government edict, while the people stand by helplessly and in shock.
So one must ask: For whom does the bell toll? A foreign “them,” or a domestic us? Who is to say that you will not be told tomorrow morning that, effective immediately, in accordance with some perversely named mandate such as the “American Monetary Security, Wealth Preservation and Terrorism Prevention Act,” enacted by emergency for “the safety of the nation and the financial well being of the citizens,” all existing currency and bank balances will be redenominated in “New Dollars,” at a conversion rate of 1 new for every 100 old currency units? Would this not simply be another, almost predictable act of defiance toward the American people by the Master Class? And if that happened, do you honestly believe that the Master Class would not have been alerted in advance and allowed to make special preparations for itself ahead of the devaluation? Do you think they intend to go down in the same ship as the people they defy? If such a currency devaluation were announced, what could you do about it? March on Washington? But how would you get there if your money had been wiped out?
Despite what you may hear from State Media, which includes virtually all establishment news organizations, particularly financial ones (e.g., CNBC), America is on the precipice. No bankrupt nation in history has ever defended or preserved the freedoms of its citizens. In fact, it has been the exact opposite: in desperation, bankrupt governments have routinely plundered their citizens’ wealth and imposed totalitarian controls. What will make things different for the United States, the largest debtor nation in all of recorded civilization?
The United States government cannot ever, possibly pay its debts, is pathologically incapable of controlling its spending or curbing its hunger for both domestic and international empire and persistently refuses to tell the American people the truth. If America’s citizens were told the truth and given the benefit of true leadership, as opposed to the guile and dishonesty of an endless array of political liars and hacks, perhaps they could rally and defeat the problems that afflict them. But instead, they are fed by the Master Class a steady diet of narcotic propaganda that deludes, confuses and enervates them. The truth cannot set people free if it is never told, and that is the essence of America’s gathering tragedy.
In a future article, we will detail specific developments you should watch for to chart the course of America’s ominous and potentially deadly national storm. The current, grave situation is already a clear call to action. When the signals become even more urgent, it will be late in the game to take protective action, and possibly too late. Citizens should begin to prepare now not just for financial survival, but for the personal security of themselves and their loved ones should a Category 5 economic and political hurricane rip into the nation, something that becomes more likely every day.
With respect to personal finances, in virtually every national currency devaluation and major political upheaval in the past, gold has represented sanctuary for the affected people. Gold has not just preserved wealth, but personal freedom as well. While governments can devalue fiat currencies, they cannot, by edict, devalue gold. Yes, they can try to manipulate its price, but unless all governments join in the collusion, ultimately the price will return to market. The market for gold is global, and demand exists in all nations and among all peoples. Should the government attempt to confiscate gold, it will be an outright admission that the financial system is collapsing, and the people will know better than to hand over to a corrupt government their only means of survival. The most important point is this: devalued currencies never rise again. Once they are destroyed, they are gone forever, and those whose wealth had once been denominated in them are wiped out. As you have no doubt heard before, not one fiat currency has survived over time, and that is an indisputable fact. More significantly, no fiat currency has ever suffered the abuse that has been inflicted upon the United States dollar, meaning that it is at extreme risk. Gold has been money for 5,000 years. It has not merely survived, it has prevailed over each and every fiat currency collapse throughout history. Given this, the most important financial question a person can ask him- or herself today is: How is my wealth denominated at this time? And given its denomination, is my wealth likely to be safe in current and evolving circumstances?
One thing is certain: as the epic David and Goliath monetary battle unfolds, between the people fighting to defend their hard-earned wealth on one side, and a Master Class that greedily and pathologically wants to plunder them on the other, the price of gold will become extremely volatile for a period of time. Volatility will, in fact, tell you that the War on Wealth has officially been declared, and will be your signal to do whatever you must to protect what is yours. As the government Goliath and its Master Class allies short tonnes of bullion into rigged futures markets in a desperate attempt to make gold look dangerous and risky, the Davids will be coming forth not just in the United States but from all corners of the globe, buying 10 grams here and one ounce there. There are 6.8 billion Davids, versus one diseased Master Class that numbers in the small millions. There is no way the Master Class can defeat the people, if the people finally rise up and say “No More of Your Plunder. No More of Your Cold and Soulless Financial Oppression. No More of Your Cynical and Godless Exploitation.”
If you find the above argument compelling, you should consider how to protect yourself from Executive Orders that could be issued at any time, under any pretext, and that could be extremely hostile to your financial and/or personal health and well being. One simple way to start is to purchase one ounce of gold for yourself and each member of your household, and much more if you can afford it. That is not financial advice; it is merely the common sense generously communicated to you by history.
Stewart Dougherty
Stewart Dougherty is a specialist in inferential analysis, the practice of identifying historic and contemporary patterns and then extrapolating their likely effects upon the future. Dougherty was educated at Tufts University (B.A., magna cum laude), and Harvard Business School (M.B.A. and an academic Fellow). He can be reached at stewartdougherty@cs.com. He is not affiliated with or compensated by those he references or recommends. He does not offer investment or trading advice, and nothing in this article should be construed as such. This article represents the author’s personal opinions, and nothing more. The reader has the author’s permission to share, print, forward or post this article provided that the content is not changed and the author is acknowledged.
For my brother Shtuey, and because I walk in the light. THE MONSTER STANDS WITH ISRAEL!
Reserved for the Department of Homeland Security
Real economic news: http://bit.ly/szARM
Check Out Sarah Palin 2012 and vote in the Nancy Pelosi Poll.
http://sarah-palin-2012.blogspot.com/2009/05/liar-liar-pants-suit-on-fire.html
Guess how I voted
This looks like way more than a train wreck. John Galt better chiime in soon or we have some hard days ahead.
Damn, Diamond! I’ve pulled up my chair to watch. Just trying to enjoy the last days of freedom.
I can say that we have tried to get the truth out there in our own ways, & that you will always be one of my heroes.
God bless you, my friend, & God bless America!
I have been seeing the same train wreck in slow motion. From my view it is a 5 way track crossing and it is still a toss up as to which 2 trains will collide first and the order the other ones will collide into the mess. Problem is it looks like they will all hit! I’ll pull up my chair and watch next to genie.
An to echo genie, Diamond, you will always be one of my heroes too!
God Bless and Protect you and yours!
For months now I keep telling my husband that we are living in some horrible alternate universe. I said it again last night as we drifted off to sleep. I often look out the window and feel as though I can’t really touch anything, the color isn’t right. In my mind’s eye I see gray everywhere as if I am suffering from a perpetual seasonal affect disorder. I wake each morning and try to change the tv channel but the same thing is on every channel.
I am tired of watching so I find myself sleeping more often. And I have lost my ability to paint….something I love to do…it is like all my creativity has just ebbed and is no longer flowing.
I want to wrap myself into a cocoon until 2012.
I believe there are late night meetings…and that explains the teleprompters…and why the messiah couldn’t continue the other day when his teleprompter messed up.
Bless you my dear friend and your family. I feel as though you are part of my family these days. Mine left me behind because they all support the resident evil.
I love you guys! I’ll be the one in the back mixing margaritas until we are all blithering idiots and don’t give a shit what they do next!
Oh My Diamond, you did it again. As we chatted last night, talking of Doldrums, little did we know they would end this morning. Mine ended with Chris Hill’s news that backers had pulled out of the June 13 Troop rally because of their concern about “the current political climate…”
Like many of you, my genetic family has deemed me an unacceptable conversation partner as I have learned more than I ever wanted to know about what evils lurk in the hearts of men…and women, and foolishly thought that others might want to know too. How silly of me. But, knowing what I now know, and seeing the train coming fast [WHY IS it that WE are the only ones seeing it??!] we now have to decide whether to continue to try warning those hapless souls sitting on the tracks ahead and be dismissed as crazed Cassandras or remain silent, thereby keeping our dignity and the respect of those about to be squashed on the tracks. Well, I’m just not one to pander to the crowd. If the emperor has no clothes I have to say so, lest I lose my self respect, and so it is with that train I hear acomin’…I’ll be shouting warnings until it hits, in the hope that a few will be saved, or even, miracle of miracles, rally even more of us, all the better to throw a log in front of it and stop the dam thing before it destroys us all. But, as my former father-in-law always said, “WTF do I know?” Guess we’ll have to wait and see, but I’m going to keep spreading the alarm til my last breath. Which we hope will NOT be taken as the train hits.
Love u all, now and always
Where do I begin? The Chinese yuan story is the next show dropping after what I wrote about a couple of months ago screaming about the IMF, IMF bonds, Russia and China wanting the basket of currencies….The Chinese are buying up property here and going merrily on their way…
The news from the local NM papers is full of quotes by people who thought the credit card business (the topic of O’s visit)is just peachy keen! Meanwhile, it’s just another diversion from the absolute hell we’re in.
As for 2012– I keep telling people that this smiling jackass is setting the table….When the backlash happens eventually (and it may not be 2012) and Republicans return, you can bet the stage will have been set for MASSIVE slash and burn, which has been their wet dream for social programs for years.
I almost freaked when Cheney showed up and mentioned Jeb Bush….we are so SCREWED!!!!! It’s so easy to connect the damned dots and yet….nobody is doing so except a very few of us…
Sorry, that’s “SHOE” dropping…
Doing research again Diamond even though there is not enough Miller Lite in the world to cool my anger as I watch the little Communist Muslim Bastard destroy America. I did however dig up some interesting tenants about the Communist take over of America, or was that the Mexican take over, or maybe the Muslim take over, or maybe it was the black liberation take over, oh hell just pick one.
1) Use acceptance of coexistence as the only alternative to nuclear war.
2) Use willingness to capitulate in preference to war.
3) Develop the illusion that nuclear disarmanent by America would be a demonstration of moral strengh.
11) Promote UN as the only hope for mankind.
13) Do away with loyalty oaths.
15) Capture one or both of the political parties.
17) Take control of the schools and use them as propaganda machines for socialism, put the desired agenda in the textbooks.
20) Take control of the press, control assignments, writing and policy making.
21) Take control of radio, TV, and motion pictures.
26) Present homosexuality, degeneracy, and promicuity as normal, natural, and healthy.
27) Take control of the churches and discredit the bible.
28) Eliminate all prayers in schools.
29) Discredit the Constitution by calling it inadequate, out of date and not relevant to modern times.
30) Discredit the founding fathers.
31) Belittle American culture and discourage the teaching of American history.
32) Support any Socialist movement that gives centralized control over education, industry, banking, social services agriculture, and health care.
35) Discredit and diamantle our intelligence gathering community.
36) Gain control of unions.
40) Discredit the family as an institution.
41) Emphasize the need to raise children away from the negative influences of their parents.
46) Import anti- American people from the third world via open border policies and force their intergration to divide and conquer America.
47) FEminize and disarm both the civilians and the military; especially disarm the white males.
Too many to write down so I picked a few that I thought were most relevant.
nv-wa-do-hi-ya-da
Sparky, did you know that the Communist Tenets were entered into the Congressional Record on January 10th, 1963? Go here to read all about it (end of post):
http://logisticsmonster.com/2009/02/13/happy-friday-the-13th/
Dame– What was the troop rally that was supposed to be on Jun 13th? Was that the one in Phlly at the Constitutional Center?
I had read that, Diamond. This plan has been in the works and we have been fed morsel by morsel for a very long time. If nothing can be said for the evil powers that be, they are very patient if nothing else. I can still remember my grandfather always screaming that “those commie bastards are ruining this country!”. I used to just think that he was a little off kilter, but now I realize he was seeing the train way back then and screaming a warning.
I don’t care if my family doesn’t want to talk to me, and if my neighbors try to hide when they see me, I will keep up the warning. I have to, to do otherwise will really drive me over the edge! Thank God for the internet and for the friends I have found here. Kindred spirits are always a welcome comfort. At least we know that we are not crazy and someone else sees that damned train!!
Diamond, I recall a recent reply to one of the comments, in which , I can not remember who , seemed about ready to jump off the deep end, and you said,”You have to have faith, walk in the light” , not your exact words but similar.
I know we are all just ready to give up, I had to laugh when you mentioned wine, I am keeping my grocer out of stock of Merlot. Not really but I do know some times you just want to forget it all, and most especially you as you seem to always be in the bowels of all of this.
So I too thank you and may I offer a suggestion, sometimes when you do not know what to do the best thing is to step back and do nothing for awhile.
We do not know what God is doing in the background and while it is obvious, at least to me, that he has chosen you as one of his instruments to lead this charge, he does not want any of us working to the point where they want to give up.
…and now you know the world is upside down if I have been left anywhere near the front of the line.
Mahalos kathy!
DT, I was actually going to email you along the lines of the comment that just went up by Kathy…I remember you telling me one day as we talked that things were going to be OK, things were afoot…
But I see you’re drinking wine now…which gives me the sense that our moment to right this sinking ship may have passed. Because all I see coming down the pike are more Republicans, who already have managed to get firearms into the national f*cking parks and who will drool at cutting Medicare and Social Security and screwing people until the end of time.
Hey, how do you like the new Ambassador to China…yup, a Republican who worked for Bush….Yup, China, Poppy Bush, and ,by the way, wasn’t China just about the only place George W. ever really traveled to before he hit D.C.?? Yes, it was….
Insight – I’m back to not imbibing due to the insane percentage of increased cancer in women who even drink a couple times a week. As for my mood, things are going to work out exactly the way they are supposed to. I just hate not knowing just how bad the train wreck is going to be. There is one thing I know – perception is not reality – this whole situation could turn on a dime given one event at the right time and the right place.
Democrats, Republicans same thing, it’s about time for a political party that honors the Constitution of the United States of America. Time to form a real American party, because the Democratic and Republican parties have sold America out. I hear panic in the voices of the current group of corrupt politicians anytime someone mentions forming a new party. They can see their meal tickets slipping away from them. It is also interesting that it also panics the liberal and conservative talk show hosts when a viable third party is mentioned as they immediately try and steer the person mentioning the third party back to the to one of our corrupt and usless political joke shows. F#%K the Republicants, and the Socialistcrats, it’s time for a real change America, it’s time for “We the People” to take America back!
They have a large lead on us Diamond: A hundred years give or take. The American people have been warned about the FED again, and again. Number one top ten response was to throw the messenger under the bus. But wait you say, wasn’t it true that the Fed was established under the auspices of the Government via the Federal Reserve Act of 1913, a bold move to stablize the monetary system? Yeah right. That’s what they TOLD us. But they lied. And now, a hundred years on, we are seeing they are just about finished squeezing the life out of this country. Amazing that it took them that long, considering the evil intent behind it all. Just goes to show what can be done with patience and tenacity, as well as a solid grasp on mass psychology. I’ve said to you all before: Obama is batting clean up. All those CFR presidents b4 him loaded the bases. He’s going to slam one outta the park and bring it all home in the form of the biggest financial bust in history. But he has to connect; if he strikes out, what then? Gerry Celente warned well in advance about the residential real estate bubble. They poo poo’d him, but he was right. Later on he started warning about the Commerial RE bubble busting. His prediction is dire enough, but I’m thinking it will bust just about the time the Government Deficit bubble busts. It will be nuclear. I see they have kicked it into overdrive to get all this done fast enough B4 the deficit bubble explodes. That’s why this apparent devil-may-care attitude: Because money- our money that is, IS going out of style! There won’t be pandemonium. There won’t be riots, and there won’t be a revolution. That’s because I believe the UN is poised to do the storm trooper thing to come to our “rescue”. When they move in, we’ll see all the Change that Obama promised during his campaign. People should have read his books b4 the election to discover how much he hates us. Maybe that would have given them pause. Maybe not. Here’s what I can’t fathom. I know there are still Congressmen and Senators of a sound mind who know all about what is going on. Why are they not telling anybody in the form of a JOINT STATEMENT OF PATRIOTIC REPRESENTATIVES WHAT IS GOING ON?? If they all did that…I believe then people would listen…but they have to do it soon; like on Monday. My take: The Fed and the US government are working hand in glove toward New World Order, and for that to succeed, America has to be conquered. They are doing it as they promised via a FIAT monetary system whose design IS to fail us.
DT, glad you’re taking care of your health re: wine!
As for things turning on a dime…yes, they could! BUT…
then what? MORE OF THE SAME CRAP since they’re all pretty much all together on this these days and destroying those who try to put up a fight…
Sigh, let’s send all our good thoughts to Gibson, the world’s largest dog (a Great Dane) who had to have one of his front legs amputated because of cancer…
Once Again; How Stupid Does The Government Think We Are? – http://tinyurl.com/qo4h7q
The one thing that has always stood in the way of anyone conquering the US from without or within was our right to bear arms. The citizenry is armed and will be dangerous when the time comes. There is no other nation in the recorded history of the world that has been so well armed, and no other people that has known the freedoms we have known. We have freedom in our lungs, our blood, our very DNA; God save the person(s) who tries to snatch it from us! I have never been a gun owner, but have come to realize the wisdom of the Founders in giving us this gift over 200 years ago.
We will overcome my friends! Know that in your hearts, no matter how bleak it may seem on the horizon. There is no man, no group, and no conspiracy that can extinguish the flame of American freedom. We are the break wall that will stop the flood, no matter how hard they may try to destroy us. Stand strong and know that we have each other’s backs.
The final assault will be ugly, and it will come soon. As Credit card Joe says, gird your loins. But always know that you are not alone, and you are not crazy. You are Patriots.