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
Obama’s BC, Which One Is IT?: http://bit.ly/183I2M
RT @LogisticMonster: Obama’s BC, Which One Is IT?: http://bit.ly/183I2M #eligibility
Here’s Obama’s dilemma in a nutshell (READ VERY CAREFULLY AND DIGEST):
If BHO shows his original long form birth certificate, indeed showing he was born in Hawaii, it will also show his father was American citizen, Frank Marshall Davis, not the Kenyan/British citizen, Barack Obama Sr. While that would allow Barack Jr. to be POTUS eligible as BOTH a “citizen”/“native born citizen” AND an Article 2 “natural born citizen” — that is, born to two American citizens on American soil — it would simultaneously show he is a fraud hiding his real father — an unacceptable political debacle.
If, on the other hand, BHO keeps hiding his original long form birth certificate — while simply repeating, without showing, he was born in Hawaii — he can still CLAIM BOTH he was born in Hawaii AND his father was the Kenyan/British Barack Obama Sr. This would enable Barack Jr. to claim he’s a “citizen”/“native born citizen” but it would mean (if a federal court would ever get around to declaring and thus far no one has standing to bring the suit) that he’s NOT an Article 2 “natural born citizen” and thus not eligible to be POTUS — a legal/constitutional debacle since all acts under an illegal POTUS are void.
So it seems, BHO has elected option one until forced to go option two because for now it looks like no federal court will ever find a plaintiff with standing. (Of course, there’s the additional issue of BHO losing American citizen status if/when he became an Indonesian citizen — that is, IF he returned and was naturalized he would be a legal citizen, but would lose both native and natural born status, and, IF he returned and was not naturalized, he would be an illegal immigrant unlawfully in this country — but we’ll leave that for another day.)
Jack – that is why I want to see the rest of his records. I believe that he lost his citizenship when he was adopted by his indonesian step-father and all his college records would reflect that. That is why everything is sealed.
Diamond… check me here… I want to make sure I am reading this right.
The “BC” that Obama had on his site, the one the media keeps showing, and the one the Annenburg photos show, appears to be of the BC4 variety. But, the BC5 variety would also be on that same form.
So… Obama’s minions, from their point of view, keep saying he was born in Hawaii… meaning that from the State of Hawaii’s legal documentation perspective, he has documentation that says he was born in Hawaii.
However, that documentation doesn’t necessarily mean that he was born (“naturally-born”) at that location, based on Hawaii law at the time. In other words, the State of Hawaii can say he was born there through their documentation laws, but that doesn’t mean that meets the U.S. Constitutional criteria.
Have I interpreted this correctly?
The other thing I wonder about is… who was the Lt. Gov. of Hawaii during this time period and what connections did he have (if any) to Obama’s parents, grandparents, and/or Frank Marshall Davis?
Gary – there are ALOT of twists and turns on this including how long Ann Dunham was an “adult” before she was able to convey american citizenship – but back to your point. The Certificate Of Live Birth that Barack Obama had up is just that – he was born alive. It is also the document given when “somebody phones the birth in.” Understand now – he is not a naturally born American citizen and if he, by some frakkin’ miracle was, he lost his citizenship when he became an indonesian citizen at his adoption. Indonesia does not recognize dual citizenship. Barack traveled to Pakistan at a time when Americans were banned – so what passport did he use? An indonesian one? Probably – and that is why his passport was lifted from the Passport Office and then Clinton’s and McCain’s to cover it and then the star witness who had a contact inside the State Dept. who helped him lift the passport ends up dead in his car after he says he will cooperate. His name was Lt. Quarles Harris, Jr. Alot of people die around Barack Obama – funny that – just saying.
Jack, you’re spot on there–it’s Check and Checkmate no matter how one skins it. The fact is that, every way one looks at it, this man is a fraud, liar, usurper, poseur and to top it all off, an ILLEGAL ALIEN. He is here illegally. If there were naturalization papers to prove he was a naturalized citizen he would not be eligible to be POTUS, of course, so they didn’t bother going through with that *little* detail either. The reason they hid all the school records is that they all show that he was a foreign national going to school here, just as his father was.
Sigh. It is a sad day indeed to see such treachery come to pass in our own America.
Given that the state supplied the Hon Advertiser with the birth announcement right away (aug13,1961, it would seem to me that it would have to be bc1 or bc2. (unless the other theory about someone changing the newspaper announcement is correct)
We must press on until we can get a judge to order the release of the long form. (should REALLY be something watching the spectacle of the potus sending reams of lawyers to court to keep his bc secret after a judge has ordered it to be produced)
If the supreme court has to decide on the alternative theories about nat born cit, how will that play out. Something tells me we’ll have a tough time getting five votes saying that the 14 ammendmant version is wrong and ours is right. (even though ours IS right)
I am going to say it again: FORGET THE BC! Show all the rest of the records especially Occidental which will probably show that he is a foreign national.
Diamond, Jack… I have seen the Indonesian and Frank Marshall Davis references on other sites.
But, according the the BC5 scenario, he could have had his white grandmother vouch for him through some rather dubious documentation, prior to him entering political life, to obtain that kind of document. Interesting that she is now gone just prior to the election.
The school records are indeed key to the Indonesian thing… all sealed. I thought I read somewhere that his scholarships were from overseas origin. And yes, Diamond, it is interesting… another person dead on that trail.
And the Frank Marshall Davis angle is very interesting. I saw some of the side-by-side photo comparisons. Obama does look more like Davis than Obama Sr.
In any event… I think the WH and the MSM are trying to shut this down, because they know people are getting close.
The officials in Hawaii have repeatedly said that the birth certificate in the file is an ORIGINAL birth certificate. Not a delayed birth certificate. Not a certificate of Hawaiian birth. Not a foreign birth certificate, which could not be filed in 1961 in Hawaii in any case. That was not allowed until 1982.
Moreover, both delayed and Hawaii birth certificates require a delay. But we know from the date of issue of the birth certificate, four days after Obama’s birth (which was the normal time for paperwork, sometimes it was longer) that there was no delay. And we know from the notices that appeared in the Hawaiian newspapers on the weekend after his birth that there was no delay.
The notices in the newspapers were not advertisements. They were standard notices sent out by the Department of Vital Records in Hawaii to the major newspapers of Hawaii (notice that they all follow the same standard format). Since Hawaii sent out the notices for births IN Hawaii and not for notices of births outside of Hawaii, this also is proof of birth in Hawaii.
And there is confirming proof in the form of this witness: http://www.buffalonews.com/494/story/554495.html
Re: “Occidental which will probably show that he is a foreign national.” No it will not. Indonesia has said that Obama was never a citizen of Indonesia, and the US State Department has said that Obama was never a citizen of Indonesia.
Keep going Strauss – keep telling yourself all that….He’s not hiding anything – there is no reason to pay the Democratic National Committee’s go-to law firm over $1 Million to keep his records sealed and no reason to write E.O. 13489 on his first day in office to seal his records. Have a nice day!!
As for Gary’s comment – they are allowing the BC to hit the MSM so that when it is “debunked” no one will have any credibility to get the rest of the records opened.
Diamond… yes, I agree… the school documents are probably more important. The BC could be another head fake. These spiders have been spinning this web for some time now.
As to the WH and MSM strategy on this… Alinksy’s Rules, again:
RULE 5: “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.
Want to prove that Obama was born in Kenya? Here’s all you have to do.
Get an official birth certificate from Kenya. The key birthers say that this is impossible because Kenya sealed the files (there is no confirmation that there are any files to seal or that Kenya sealed the files.) But, since Kenya is a corrupt government, it would be relatively easy to get documents for a price.
Or, prove that Obama traveled from Kenya to the USA. If he was born in Kenya, he had to travel to the USA because we know that he was in Hawaii. So, on the assumption that he was born in Kenya, on what travel document did he travel on to get to Hawaii?
Two possibilities: Either the USA considered him a British citizen since his mother was not old enough. Or, we considered him a US citizen, maybe because someone thought that she was old enough. Either way, he would have to get a US travel document.
If considered British, the US State Department would have insisted on his having a US Visa on a British passport in order to get to the USA. If considered a US citizen, The US State Department would have required his mother to change her passport to include him while she was in Kenya.
Either way, there would be a record: A record in the visa files for visas issued in Kenya in 1961, or a record in the files of US passports changed in Kenya in 1961.
Only if the US government is part of the conspiracy would these records, if they exist, have been sealed or destroyed. (The guy who penetrated Obama’s passport records was not proven to have changed anything, and these documents would not be in Obama’s passport file in any case).
The State Department was under the control of the Republicans for years before the election and for three months after the election. If there were a US visa issued for Obama in 1961 or a change to his mother’s passport while in Kenya in 1961, we would have heard of it.
Hey Strauss – stop trying to “DISTRACT AND DEFLECT”…did I not say forget about the BC and focus on the school records – you nit!
Bots are so easy to read.
Diamond,
I agree with you that we are beating a dead horse with the BC fight. We will never see a legal copy of it. Too many people (both in this country and outside it) who know the truth, or could demand it have their own agenda and it suits their purpose to have the usurper in control. Meanwhile they are using this false BC as a way to keep as much attention as possible away from any other documentation that would be just as much proof that he is not a natural born citizen. I keep hoping and praying that enough people will continue clamoring for these other records that something will break for us.
Remember – “You can fool some of the people all of the time; all of the people some of the time; but you can’t fool ALL of the people ALL of the time”. Hope springs eternal.
O/T I would like to add my opinion to that of another commenter about Diamond’s attending the 912 march. By all means she should be there. She is our shining light and our harbringer of the truth. All of us who enjoy and depend on her daily for enlightenment should see to it that she is able to attend. I don’t use credit cards, Diamond, but you have my email address and if you send me your mailing address I will send you a check.
Sorry, typo. I meant harbinger.
http://obambi.wordpress.com/2009/07/26/obama-was-never-legally-adopted/
Yet another theory.
I may not get to blog about this but this AM I heard on Smerconish’s show, the guy from Newsweek on the “recovery” and then the discussion about Obama’s birth situation. Both segments were very definitely very easy on Obama. The birth segment featured an interview with Brooks Jackson of the Annenberg Foundation about how they SAW the certicate in CHICAGO….blah blah blah. The Gibbs comments from yesterday were offered up. The whole discussion missed the point, of course. Tomorrow they’re going to “wrap it up”…One caller got through and mentioned that the certificate or where he was born wasn’t the main issue and Smerconish went to a break and said that if the comes up again, maybe that would be the next thing Obama would be dealing with. Then Smerconish gave himself away when he said ” I’m not closer to EXTINQUISHING” this stuff “than I was before.”
Nice choice of words….since when is it HIS job to “extinquish” discussion of Obama’s birth???? Oh, we’re called “birthers” now, with derision…
I’m working up another post now about the AP….there will be LESS NEWS in a lot of blogs soon (AP slants everything, but buries facts down at the bottom, so that is a source of some news for many blogs….)
Why do we even have the situation where these questions are arising?
Re: “no reason to write E.O. 13489 on his first day in office to seal his records.”
That law did not apply to Hawaii or to California. It applies only to Federal records. Hawaii is a state, and it has the right to release Obama’s records if it wants to. I have no idea why it does not want to. The original records would show that he was born in Hawaii. But so far it is sticking with its regulations, which are to protect the privacy of ordinary people, not presidents. If it were to change its mind on this, I would be delighted. Also, Obama’s regulations would have no effect on Hawaii changing its mind. It has state’s rights, you know.
Re the Occidental files. You think they are critical and that they would show that Obama was a citizen of Indonesia. But both Indonesia and the US State Department have said that Obama was never a citizen of Indonesia.
out in the snowbank for you.
Every day the cover up gets deeper the more evidence I will require. Right now I would settle for an original birth certificate with the doctor’s signature (verified by hand writing experts with the ink dated to 1961. Additionally, I want to see those ink footie prints and match them with his dermal ridges of today. Oh I want that ink tested too. It would also be cool to do a DNA test to find out if Frank Marshall is the donor. Either way the communist that was Frank Marshal was BHO’s primary mentor. Orwell would have gone broke writing fictions like this…too unbelievable.
I had a passport when I was younger because my child was born abroad in an American Army hospital so U.S. soil. An American born abroad, she didn’t have to have her own passport to travel she traveled on mine…..my memory was up to 12 years old before they needed their own passport at the time. John McCain was born on U.S. soil in Panama because he was born in a U.S. military hospital it is considered U.S. soil just like a U.S. embassy. Was Obama born in a U.S. embassy in Kenya? Probably not.
I have stated before the easiest way to put this thing to bed is to let Republicans and Democrats look at the original record, let them state Yes he is a U.S. citizen and be done with it. Why would anyone want to keep this thing going? Whats the benefit in keeping the conspiracy alive? That’s what is causing so many people to question what is really going on? Where there’s smoke there’s fire? What is so damning in this birth certificate? Did he used to be a woman LOL!
Just a thought. Until recently, the subject of Obama’s BC was relegated to the back pages of the “birther nuts” web pages and those attended by denigration and scorn. However, and isn’t it odd, that the “Issue” is now infiltrating the MSM on a regular basis all of a sudden? I suspect that it has something to do with the pending health insurance bill. If Obama can get that passed, he’s completed his mission for the powers-that-be behind him and socialism moves forward in America. If he can’t get it passed then the socialist agenda is dealt a severe blow and they would have no more use for him. What better way to get someone else in the WH then to let the BC issue go viral, prove finally that he is not eligible and impeach him?
Like I said….just a thought.