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
I’m not at all surprised by this action. Obama cannot tolerate and will not allow for anyone to challenge him or his proposals. Neither would I be surprised to learn he was behind and/or certainly aware of those who have attacked Palin. Both Pelosi and Reid have stated there will be retribution against congressman who oppose this health care bill and particularly those who oppose the appointment of Sotomayor. Obama is a Chicago thug whose operates on threats and intimidation and there will never be transparency with him or his administration. Every move is calculated to be enacted without it being read in advance by Congress. He claims ignorance in each case, yet he orchestrates every move and dirty trick to get what he wants. We’ve never faced a man like him but Americans had better get educated and organized to confront him on every point.
Congratulations for getting on yahoo news!
Boy did you ever get humiliated and repudiated by the progressive liberals on yahoo buzz! What a disgrace to America and thinking people you are….
…your defenders were utterly pathetic in the face of reason, democracy, patriotism and humanity.
I asked them, in reference to your oped piece:
“If you have nothing to hide what are you afraid of?”
(I admit I stole that from Limbaugh and O’Reilly from the last couple years when Bush was exposed for spying on Americans….they had no answer.
I would love to open up a discussion with you on your blog…about Obama and the progressive liberal agenda (since your party has no discernible agenda).
I am koolmuse…mail me back if you dare.
You have no right to bear arms.
The US Constitution says so.
To wit:
“the right of….. the people…. to bear arms shall not be infringed.”
“The People” is the collective..plural.
“Person” is the word the Founding Fathers used when referring to the individual. Such as in the 5th Amendment
To wit:
“No…. person…. shall be held to answer for a capital, or otherwise infamous crime…..”
Do you know the difference between “person” and “people”? I do. Did the Founding Fathers know the difference? Were the Founding Fathers careful and precise in their language?
Nowhere in the 2nd Amendment does it say “person”.
If the Founding Father wanted to indicate the right to bear arms was an individual’s right they would have said:
The right of ….a person… to bear arms shall not be infringed….and they needn’t have mentioned “militia” at all (much less mentioned it first).
But they didn’t say “person”…..on purpose.
Clearly the 2nd Amendment wasn’t intended as it is now interpreted.
As soon as some clever gun-control lawyer sees what I saw… it should be a cinch to change the interpretation to the correct one.
Bush on the US Constitution, quoting a member of his administration who was present:
“Last month, Republican Congressional leaders filed into the Oval Office to meet with President George W. Bush and talk about renewing the controversial USA Patriot Act.
Several provisions of the act, passed in the shell shocked period immediately following the 9/11 terrorist attacks, caused enough anger that liberal groups like the American Civil Liberties Union had joined forces with prominent conservatives like Phyllis Schlafly and Bob Barr to oppose renewal.
GOP leaders told Bush that his hardcore push to renew the more onerous provisions of the act could further alienate conservatives still mad at the President from his botched attempt to nominate White House Counsel Harriet Miers to the Supreme Court.
“I don’t give a goddamn,” Bush retorted. “I’m the President and the Commander-in-Chief. Do it my way.”
“Mr. President,” one aide in the meeting said. “There is a valid case that the provisions in this law undermine the Constitution.”
“Stop throwing the Constitution in my face,” Bush screamed back. “It’s just a goddamned piece of paper!”
I’ve talked to three people present for the meeting that day and they all confirm that the President of the United States called the Constitution “a goddamned piece of paper.”
I see y’all saying things like:
“Obama wants to destroy America.”
“Obama wants a socialist state.”‘
….and other such bullshit.
But you never say what form this destruction by socialism will take.
What America do you envision?
What gets destroyed?
I don’t get it.
I would think you could be quite specific…and would want to be…..since y’all profess to know so much about it. But you only mouth these wide-open meaningless GOP talking-point platitudes.
Obama is pretty precise and clear when he makes a proposal…so why can’t you be precise and clear how exactly health-care reform is going to “destroy America”…Unless you make that rational argument…you’ll be nothing but a “thou shalt not” laughing stock cult of tin-hatted idiots.
Here’s a snap poll”
Where do you stand on:
Abortion?
Gay marriage?
Prayer in school?
God in government?
If you want to talk about reserving your right to free speech, why don’t you talk to Natalie Maines who spoke out against a president (one she voted for in his first election mind you, I know the Maine’s and they are not “dangerous, socialists as you so IGNORANTLY refer to democrats) who passed a bill allowing for the government to tap into your beloved privacy and liberty at will called the “patriot” act and this president just feels that health care is getting out of hand and needs reform so any body can get it. I know the concern is that it’s a “free ride” and and you don’t want to give a hand out. But honestly are you saying that if somebody is Lazy, or doesn’t work then they don’t DESERVE to live??? That’s a bit selfish of you. And I know the GOP would love to stand up and say if you don’t work then you don’t deserve this or that and preach that you only get what you put in, and look out for number one because nobody else cares about you, so you better care about you. Well that may be turning to reality in this country but the America that I grew up in is a country that cares, those with more should give to those with less no questions. If you disagree… fine! if you think that is a stupid way of thinking, fine. But it’s called graciousness and it is the ONLY thing that the New Testament teaches and so not only is it accepted world wide as a good thing being the opposite of greed, but it is biblical so it should in theory please every body. Funny how the church jumps behind the GOP, one of the most greedy political associations know to man. Looking out for yourself is fine and dandy, but you can’t see your own back, and the world will sure get lonely when all you got is yourself! If you’d just give a shot at helping out others for no reason, paying taxes with faith that you really are making this country THE best place to live on earth, then when your world starts getting rough who knows, maybe somebody will be there looking out for you that you didn’t even know about. This country was built on people looking out for each other and MAKING it work. Big business, economy, healthcare that all came later… I’m not saying you should just give handouts left and right, but having a social control in an industry that currently has no accountability is not a bad thing I don’t care what you are republican or democrat. This has got to stop being a political issue and become an open issue and we HAVE to work together because it HAS to be changed. Yes there are non working Americans with out health care, but the main concern is that there are WAY TOO MANY hard working Americans without decent or any coverage. It hs to be done, and it has to be done right now. No one has said this proposal is perfect, but it’s a start. So why don’t we all Grow the hell up and get cracking on fixing this thing rather than just whining and crying about what a bad man Obama is because he feels every body has the right to wellness…. GIVE ME A BREAK!!!!
Diamond, did a couple of left sites shut down, you sure seem to have a lot of new “visitors”. Can you smell the fear?.
In the 1960′a Khrushchev told the Secretary of Agriculture at the time: “America will never ACCEPT communism, so we will feed you socialism in small doses until, one day, you will be communist. Your grand children will live in a communist state”. Well he was 100% correct, and THEY have succeeded. We Are living is a socialist fascist state, and there is very little left to be done to bring Khrushchev’s predictions to full fruition. The only thing left to do is to make us rise up and give them a reason to enact a police state, then it is done. The best way to accomplish this is to start ACTING like a dictator, and this is exactly what BO is doing. The Brown Shirts are back, this time wearing red. It is no longer desirable to love your country and constitution, for this makes you a “combatant” that must be subdued.
So here’s my wave to the usurper in the White House and the same goes to all of this fascist foreign entity that calls itself my “government”!!!
I’m a moderate. You right wing nutjobs are pretty funny and almost totally devoid of logical and rational thought. You seem brainwashed. Sometimes I think “birthers” movement is part of something dangerous. http://www.infowars.com/ Rush Limbaugh, Glenn Beck, etc. sound like the drivel that inspires militiamen. So go build your underground bunker, stock up on condensed soup, collect your AK-47′s, and plaster up posters of Anne Coulter to masturbate to. One of you nutjobs reading this website will probably be inspired to kill Obama. Only you will be stupid enough to post your intentions on a blog and you’ll end up in a bunker not of your choosing – a maximum security prison.
boy- tons of o bots! They are scared! I think it is hilarious! News flash= NONE OF US CARE WHAT YOU THINK MOONBATS!
If the children were not afraid they would not be posting here. Obviously they know that this is not a Dems v Reps issue that is why they are frantically trying to dismiss this movement. This is a Patriot movement and a lot of sleeping giants are waking up, that was never anticipated at least imo.
I look at the people from the town hall meetings and see a wide variety of people. The are not wearing red shirts that say “operatives” although I think that would be funny. They are just the citizens who are now demanding to be heard. Also the signs they carry are usually home made. I am sure the insurance companies could afford to have “real” signs printed.
I know this is foreign to those on the extreme left, that anyone other than their own would demand to be heard. They just can not imagine their own tactics used on them. Once again I find that funny.
Saul Alinsky never factored in the internet. For that I am extremely grateful.
Kristen –
You’re the typical idiot Republican that think politics should be all about The Road to Serfdom and the Bible.
Get used to Socialism. It’s happening and it’s going to happen. Look at Europe in the last 20 years – a better standard of living than the US.
Look at simple facts – life expectancy in the US is not very good even with health care costs triple what it is in most industrialized countries.
Most bankruptcies in this country are due to medical bills, mostly from people with insurance.
While health care costs go up more people can’t afford coverage and the rest of the insured pick up the bill. When the uninsured need health care they go to the emergency room when their health concern becomes an emergency.
Rationing health care, “socialized medicine”, government interference, blah blah…seriously, does anybody on this website know anything about health care in Europe?
Nice spelling above – Obama’s Hearth Care Deception.
Um, Sir?
I am a Jew, and I find your comparison of Obama to Hitler extremely offensive. Regardless of your personal feelings towards THE PRESIDENT OF THE UNITED STATES and his alleged socialism (shame on him for wanting to provide the affordable health care he promised if elected), the bottom line is that he is NOT a dictator, and until Obama is actually sending out minions in black boots to shut down your retarded and pathetic greasy little board (dude, you can’t even afford to go to Washington TO march, you should be embracing the thought of affordable health care, LOSER) and gasses you before burning your remains in an oven, I suggest you STFU with regards to the “Nazi” card. It is heinously stupid and offensive.
As are you.
Remember the 80′s. Read this and tell me if this sounds familiar.
http://en.wikipedia.org/wiki/Savings_and_loan_crisis
Republicans do bailouts too – only they call recapitalizing and government taking over banks is called receivership. heheh. Financial deregulation and bailouts lead to Asia owning more and more of the US. In the 80′s it was Japan and now it’s China.
A new study by the Pew Research Center finds that the GOP is alienating scientists to a startling degree. Only six percent of America’s scientists identify themselves as Republicans; fifty-five percent call themselves Democrats.
http://www.huffingtonpost.com/2009/07/10/only-six-percent-of-scien_n_229382.html
If you’re rich and you’re a Republican I can understand – you want to keep your money. If you’re poor and you’re a Republican – you’re an idiot.
Wow! links to the huffington post, now we know were you came from.
Gee, ‘Diamond’, a bit on the paranoid side, are we? To ask for rumors and half truth floating around so they can be openly addressed and corrected is now a call for informants to invade on your right to free speech? Since when is talking about things that you say invading free speech, especially if you state that those same statements you made are free speech? How is it free speech if you can say it but nobody that might bge of a differeing opinion is to know about it and address any misinformation in your free speech? And fascist? I have a sneaking suspicion you don’t exactly know what fascism is nor have you ever experienced it.
As for the ‘well written letter’ posted, it is anything but respectful nor does it show that the writer can connect the dots. It does not show how the request to be told about any inaccuracies floating around about health care reform so they can be addressed OPENLY are an attack on and offense to the bill of rights. Saying an apple is an orange doesn’t make it so. That letter only shows the far right igtnorance and teh same fear mongering that they have used to keep the last amdinistration in power to destroy the economy even more.
Hey Kathy – look who did the study not where the link came from. As I said before, I’m a moderate. I don’t read the Huffington Post. It’s way too biased and left-leaning for my taste.
But yeah – it’s fun to get you right wingers riled up. It’s going to take Obama 2 years to undo the W’s 8 years of damage. Just like it took Clinton 8 years to fix the disasterous 12 Reagan/Bush years. Check out national debt as a percentage of GDP. Republicans – the party of big spending on war and prisons and racking up huge debt that is sold off to China and Japan.
I see nothing wrong with helping the White House dispell misinformation. I personally can’t count how many emails I have gotten with “important information” about legislation that was just plain wrong or fabricated. Just yesterday I got to debunk an “Obama quote” that was not actually a quote but rather a piece of satire that had apparently been spread through malice or stupidity as being truth.
The administration isn’t asking you to turn in your neighbors. They’re asking you to let them know what people are saying. Nowhere in here does it say anything about penalties for spreading misinformation. I personally am sick and tired of seeing all the untrue “information” floating around out there and seeing everyday people not check their facts before spreading them on to others to promote their own agendas.
No offense, but I think this site has an agenda. You don’t actually seem to care about the content or intent of the administration’s statements.
You right wing , conservative, bible thumpers are all the same. Don’t you know none of it matters? The rapture is coming. Stop worrying about politics and pack your bags. Jesus is on his way.
I am not a right-winger. Far from it. I believe in freedom of choice when it comes to abortion, I support gay marriage, I reject the practice of religion in school (but I can accept teaching about the religions of the world), and I don’t believe God belongs in government but rather in our hearts; you can be spiritual without cramming your beliefs down everyone elses throats.
I support the Constitution of the United States of America, and reject the 100th and 111th Congresses and every illegal they have done to this country. Your beloved Obama is but a speck of dust in the crap storm these 2 Democratic controlled Congresses have wraught upon us.
I am neither Republican nor Democrat, and although I am not a traditional Christian, I find the use of the name “Jesus” by a paid poster offensive and a sign of things to come after the current Coup d’Etat is complete.
But I am glad to see you are all so scared. It shows me that there is real hope that this juggernaut can be stopped peacefully. Now you’d better get back upstairs. Your Mommy is calling for you to find out about those 900 number charges on her phone bill.
I second what Christian_Patriot_Musician said. He pretty much summed it up. Republicans talk smack, but either put up or shut up, as you never seem to have solutions for the problems you complain about. OH, because you just bash people and everything they say or do…so it is difficult to provide a solution for narrow minded, self-pious opinions.
It is comical that NEITHER party has addressed the monster of illegals that come in and soak up our system — BOTH parties have allowed that and all U.S. taxpayers pay for that…if we would straighten up the problem of ILLEGALS (who should be able to enter legally, of course), we could afford to fix healthcare. For all the rich who think their health insurance is fine — well, you haven’t had to use it much or you will find out much differently.
Medicare pays less and less all the time…I have a “rich friend” who found out his insurance didn’t pay nearly what he thought it would for his brain cancer. He sure paid his premiums for it, though.
Yes, the more y’all spew from your mouth, the more ignorant it reveals you to be. This is an issue that should concern ALL tax paying Americans, because the system in the last 20 years has not served ANY of us well. “Grow the hell up!”