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 understand that Rahm Emmanuel basically said for people to pass it now, and then things would change in it later. Uh huh. What KINDS of changes?? Who would vote for a bill the contents of which were fluid??
Oh, right. I guess we all know the answer to that.
And yes, Sarah Palin’s common sense-style is sorely lacking on Capitol Hill.
To Sarah Palin, I would reply:
There is a reason, much deeper than what they let us see on the surface, and we have to ask, ‘what’s in it for them?’. The jig is up, as far as the monetary manuevering goes. Good intelligence warned that in late august, or in september, a devauluation was going to occur. World PTB stepped in and told this administration to not even think about it because if they did that, it would mean ‘war’ (economic sense). But they are still planning to do it anyway. They, the politicians who are involved in this high level organized crime are waiting to be paid. They would have profitted handsomely while we would have lost everything. Now, what are we supposed to think everytime we see them pass these monsterous, frankenstein bills like the Pelosi 2000 page “health care reform” act? They are doing this to benefit the American people? I’m afraid not. They themselves have proven to us beyond any shadow of doubt the extent to which they regard the American people. They have their hands in the till, and everytime they ‘authorize’ spending like this, they profit. We don’t. We’re the ones who are extorted to pay for it. It’s not enough to say, “It’s unConstitutional!”or, “It’s TREASON!!” Those are correct, but the crime goes even deeper than that. Have any of you asked the simple question: “Why have 3 of our last presidents, and the current one demanded immunity from prosecution from the International Criminal Court?” What was the meaning of THAT??? Hmmmm? If everything I do has been legal, above boards, TRANSPARENT…then why must I demand immunity? Well, they have, and Obama TWICE! Answer: it’s because they have criminally defrauded the World PTB, and now they are in deep do. Watch and see what the Chinese do next. Next they will be trying to throw each other under the bus, and fighting amongst themselves like rats in a sack. You watch. It’s unraveling,
The arrogant Democrats, like the arrogant Republicans before them will not listen to the people. Like the arrogant Republicans, they will pay a price. In the meantime, no matter which of these arrogant corrupt parties is in power, the people of this country are ignored or insulted when they speak out.
Yes, I believe, like Governor Palin, that those that voted for this arocity will pay a price in 2010. But that won’t make a difference because by then the bill will have taken hold, the taxes on us will have been levied and the government will not be about to let go of the control over our lives this bill gives to them.
Will Republicans if they are given the power back in 2010 do any different? Will they respect the wishes and the rights of the people? Will they listen? Or will they simply assume, in their arrogance, that a return to power means anything more than that the people are tired of the other party. Because that’s all it will mean.
As Sarah Palin says, pay attention to the illegal immigrant coverage in this bill. This is just one more preparation for the coming North American Union that is going to be stuffed down our throats.
Develop a flow chart and you will see the plan developing as you fill in each further step along the way that this administration takes. Begin with the first stimulus bill and research where that money went. Then add to the chart each additional bill that Obama and Pelosi have pushed through and continue with each additional idea that comes out of Obama’s mouth that soon lands in Pelosi’s traitorous hands. It won’t take long for you to see the pattern and then perhaps yoou, like me will get a better idea of the overall picture. And don’t forget the things that Obama has put into motion by Presidiential Order.
World Government down the road, and not too long in coming. WAKE UP AMERICA. These people are working faster than you realized.
I am still in a daze that this vote to pass took place after the events of the tea parties and the marches that have taken place since 9/12. With millions, yes millions, of Americans turning out to express their opposition these arrogant pigs have thumbed their noses at us. Will we give up? Heck no we won’t. Our voices will just keep getting louder with each mis-step of their Nazi boots trying to trample us out of existence.
To all of the above commenters I add my voice and my disgust for these pigs at the trough who disregard we Americans because someone is filling their pockets, and they feel that if they do get turned out they will already have garnered enough dirty money to keep them in the style that their terms in congress have accustomed them to.
VOTE THEM ALL OUT !!!!!!!!!!!
You guys are all idiots if you listen to Sarah Palin and think she actually knows what is going on with healthcare or any other complicated issue.
I don’t even know why I’m wasting time on this page. I will leave you blind and uneducated to follow the Village idiot.
You know there is nothing wrong with being simple minded and even uneducated, but when that simple minded person actually thinks she or he can lead a nation, you get a total disaster (2000-2008). In the process the whole world will see how stupid she is.
Please guys please get a clue. Read something besides Anne Coulter, Watch something being cable news. Please start with NPR. That will help you all a great deal.
Sarah Palin’s Response To The Passage Of Pelosicare http://bit.ly/2ATrAw #tcot #spwbt
RT @sarahpalinlinks Sarah Palin’s Response To The Passage Of Pelosicare http://bit.ly/2ATrAw #tcot #spwbt via http://twib.es/GCL?b
Skull, it’s traitorous dumbasses like you that cause the problems. You support a Socialist Black Nationalist White-hating, America-hating Muslim whose goal is to aggrandize himself while he destroys this country. You need to look at something other than the traitorous Leftist bullshit being forced on the American people.
Skull – I used to listen to NPR a very long time ago and realized they are anti-American in their anti-free enterprise attitudes. Why don’t you take the time to read the Constitution and listen to what Lee has to say. The Constitution is right up at the top of this blog. Lee is right and she is one of millions that are tired of being pissed on by both sides of the aisle. I just like to call Obama the Kenyan Communist – what does that make you for following him?
It is a sad day for the Patriots of this country and for people who really know what kind of country the Founding Fathers envisioned in the Constitution and in the Declaration of Independence.
A sad day indeed. I’m glad Sarah Palin has more hope than myself for success of overturning this “Frankenstein Monstrosity” of a bill. In the Senate.
By 2010 people will have understood what kind of craziness was shoved down the Congressmens throats. And People’s throats.
This is not your father’s media. This is the internet. There is a lot more out there than just NPR and cable news. The truth is coming out everywhere on the internet.
The bill will see the light of day. Soon. In its entirety. And yes, they will be changing it in Senate. And yes it might be reconciled. But the intent of the bill will come out.
DEAR MS PALIN,
WE all already know all of that!
We read it on this site for over 8 months and a thousand other sites, hear it on Beck or Rush, or all of the other top radio talk shows.
SO, YOU ARE GOING TO DO WHAT ABOUT IT is the question we are asking ?
LEAD what ? A 912 resistance movement? Like Beck et al did
without your participation? Did you show up ?
DID YOU SHOW UP on KILL THE BILL DAY ?
How many resistance rallies have you been to, big or small?
You made an appearance at FT HOOD, WALTER REED ?
Maybe Release your next book? about ?
Motivate who to do what ?
Fight with the media about your personal life?
More MSM interviews?
Speak in IOWA for $100,000. FEE ?
NO OFFENSE,
I respect, admire you Sarah Palin, your heart and soul and principles are in the right place, however when are you going to “LEAD” or show us the “POWER” ?
DO the connect and unite thing? GET OUT and campaign for the other candidates? Raise money FOR THEM ?
We already have a WORLD TALK STAR in the WH ?
OUR GROUP is so done with the “ga, ga, ga, ga” worship syndrome. BABYSITTING candidates is over. NO more propping up glamour kings or queens. TIME IS RUNNING OUT.
SHOW us the 30% support out of the gate first.
Candidates are going to have to move mountains to impress us.
We are NOT going to be conned again!
WE need every candidate McDonald of VA or Candidate Christie of NJ type that we can round up! They are out there somewhere!
Dear MS Palin, exactly what is your plan of Action?
All POWERFUL, Ross PEROT tried building the 3rd party movement, it lost. We got a Professional Wrestler in MN as the GOV out of it. We already know the GOP is worthless, however, if candidates can win in VA, NJ under the GOP name in spite of the losers running it, perhaps that is our one option to stop the bleeding!
Diamond T
What does that make the US Military who follow the orders of our President? (They are the real Patriots, you all are just cowardly, cry baby, soar losing, traitors).
You all are turning your backs on your government. What does that make you? Being a progressive does not make me a traitor. For 8 years Bush was my President (A Bad one, but still my President).Barack Hussein Obama is my President, and wether your like it or not the President of The United States. Go bite a pillow, and weep. America will keep moving foward. Progress buddy. You keep reading about the founding fathers. They were great, but they are not coming back. You all need to stop acting like you can the nation a history lesson. We already learned this stuff in grade school. We are trying improve on what our founding fathers left us. If we go back to what they initially started with, you wipe over 200 years of history and progress. Keep reading and dreaming about them if you want, but that’s where all this stuff will stay.
Lets all just agree we love our country.
Lt’s also learn when you use hateful words you get a strong reply.
Wow, just wow after being attacked. Snowbank time.
This from a guy named “Skull F You” and his link is “urignorant.com” hmmm Sounds like a regular Einstein.
Maybe you should do a little more reading into everything you thought you learned in grade school…cuz there’s reality and then there’s what they teach you. Or you can just keep chowin’ down on what your government is feeding you to keep you a nice docile little sheep.
The funny thing is I think the same thing when I go read some liberal blog. I just want to tell them all what a bunch of f’ing morons they are, but then I think back to people like this guy here and realize that that sort of thing just doesn’t do anyone any good.
So thank you Skull for you are a shining example of what not to be ;D
Freedom of speech. We all like that. On the left, where “Skull of shit” comes from, that means they get to say what ever they want, and it’s just fine…regardless of how vicious their attacks are. And it doesn’t even have to have anything to do about concern of country, or rule of law (the part about those “old dudes” who now are irrelevant), or how we need to mobilize to protect our own country, and thereby our own skins. Naw…none that old hat, mundane stuff for them. They’re too frikkin busy with meaningless, counter-productive personal attacks and witch hunts for that to have any meaning. Freedom of speech also means they can just cruise into a known conservative web site and post this silly shit like we see above, just because that’s freedom of speech. The point here is, this IS a conservative website, which means it is by conservatives, of conservatives and for conservatives, not for ass-hat liberal, snotty nosed, dysfunctional, non-patriot traitors who would just as soon see their whole country flushed away, as to stand up and fight some little things like RIGHTS and FREEDOM. God gives us these things, but if we think so little of them, they will be taken away, and the first step in making that happen is to let an out of control government continue to operate!! Maybe you’re too stupid to see what goes on in this world, but more than likely, it’s because you depend on a steady diet of pablum from places like PEE BS. Those so called reporters wouldn’t know a news story, even if it hit them between the eyes with a 2×4! That’s why the hell the last FOUR presidents, have been able to rob this country blind, by the TRILLIONS and you, Skull full of shit, don’t even know it’s happening! Holy Cow you have some homework to do before you EVER come back here and try to tell us what’s what!!
Wow?! I have been christened a conservative! Thanks No Tingles – I never thought of myself that way – but I guess I am. As for Skull – he is using his rights given to him by God and that’s all okay with me. If I didn’t believe in the Constitution – I wouldn’t allow the little ones to post comments.
Jack – you know the difference between a liberal and a constitutionalist? Manners.
gawd, I get so impressed, when a fly by night shows up on these opportunity to vent and to think aloud venues, and then notice that they have a detailed assessment about who you are, what you believe, what you think, what you practice, blah blah blah,
I have concluded that those “EXPERTS” are only “experts” in their own twisted, distorted minds becasue they just make it all up, so I just ignore them and or use them for practice.
Frankly, my experience here is that DT, documents and double documents everything she publishes, and she presents another extremely valuable dimension to the the debate, more sophisticated and something other than just reaction to the public spew, which you can get anywhere.
It is helpful to have document facts when you educate yourself and help others see another viewpoint. It trains you to look under rocks and sift through the sand.
so when the flame throwers show up, giggle, and blow them off because they are not going to change the viewpoints and assessments of those who see beyond the fine print.
What got me off on taking a really critical look at Palin was: she blew a kiss to Hoffmann but never spent one hour to rally the votes for him, didn’t campaign for him. I first reacted awesome she supports Hoffmann like everyone else did, but then the ruthless truth hit me.
I was heartbroken because I was ga ga over her last year.
From my viewpoint Right now she simply does not have a leadership agenda, maybe later, but we do not have a second to wait and see.
DT took the time and went to DC, and I wondered where all the leaders were that day and subsequent days. I have been waiting for someone to show up.
I see some sprints, a few with spine and fangs out raising money and bringing in the prospective voters to support candidates around the nation and I hope they keep it up.
So we can thank Pawlenty for the fangs and Romney for being a cash cow.
I watched Bachmann actually get folks motivated to march to kill the bill and was inspired and had more hope. Then I wondered where are all of the others?
So we all need to blow off the flame throwers and use them as practice. Good training.
Bottom line, we have to follow the action because we do not have time to pull our favorite folks along.
Having been a Fiorina fan for 20 years, I cheered her desire to take out Boxer, but then I peeled back the onion and realize that we just cannot waste time on her either, and that is a heartbreaker. Anyone who even tinkers with restricting and controlling the freedom of the internet has to be axed.
So we have to go up and down the list, and decide which ones we have to push off the stage. I cannot cheer for Crist, he gave us McCain, or Kaye Bailey who is a global warming advocate.
It is hard to wake up everyday hoping to see 20 point cap headlines announcing the NEW REPUBLIC OF TEXAS and then realize that it may be later than sooner. So I have to cheer for Perry who has some spine.
Lars Larson said it so well, you buy a new SUV, and then get a flat tire, you do not dump the entire car on the junk pile, you simply change the tire. NOT ALL FOUR tires either, just that one tire and then Lets ROLL.
Letty – thank you for all your great comments and especially this last one. I see your point on Sarah, and who knows, we may just end up having to throw her under the bus too if she starts acting like Lindsey Graham. At this point, I cannot trust any of them. I personally think Pawlenty is weak, and the rest are consumate politicians – which doesn’t say much for them. Only difference – they at least appear to be listening.
I agree with your logic. At this point, I’m not “for” anybody, and I thank you for your kind comments.
Kids I had to delete Skull’s last comment because of negative sexual language. If he comes back – just ignore him – you know what they are up to.
P.S. he is probably one of two moonbat brothers who voted to the idiotchild.