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!
I know it is impossible to forget Nancy Pelosi saying “We have to pass this bill to find out what is in it”, and now that we are able to finally read it, some very interesting facts are coming to light. After reading the section below will there be any more arguments about repealing this fascist runner-up to the Patriot Act?
Reserved for the Department of Homeland Security
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This post was mentioned on Twitter by LogisticMonster: Obama Gets His Private Army: http://logisticsmonster.com/2010/03/25/obamacare-barry-gets-his-private-army-ready-reserve-corps/...
All commissioned officers shall be citizens of the United States, well isn’t that special, the officers need to be citizens but the leader does not . Do you suppose the officers can be felons, just as long as they are citizens?
While I hope and pray a lot of this will be repealed those of us who are awake and see this have to suffer through the what if possibilities, while those who put him where he should not be are oblivious to all the chaos they have allowed to happen.
The media can not spin what is in the bill no matter how hard they try, it is out there and even the Congress will eventually know what they voted for. It is going to be a very interesting mid-term and not one of those who voted for this bill can use the excuse they did not know what they voted for, as that will really finish them, politically speaking.
The Matrix is about to get alot bigger.
The longer this drags on, the more the American people are going to see that his allegiances do not lie with us. I still am hoping for the perp walk moment.
This is the JOBS bill !!! – and a lot of Obots will take these jobs.
So does this mean they can inject us with a deadly virus or something by using this corps of people to force it on us? We better fight this thing tooth and nail. If your state is not on the list of lawsuits filed by State Attorney Generals yet, you had better call your Attorney General and put pressure on them.
And what is it about “isolated, hardship and under served communities”? Watch out if you live in the country!
I ask myself time and time again, how did we come to this? Why did we allow it to happen?
Will they be sworn to defend the Constitution?
NORMA!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Oh, you are too funny.
Amish and Muslims can be exempt from Obamacare?
http://www.americanthinker.com/blog/2010/03/amish_muslims_to_be_excused_fr.html
Amazing what you can learn when the bill is read, I hate to give her credit but Nancy was right.
She’s only right because she wrote the rules and stood on the necks of anybody that would not follow them. Fascist.
Good comments, so far, but I’m reminded of nervous laughter — if ya know what I mean.
A few months ago, it was like a dark cloud hanging over us & now I can’t find the words so I will say nothing other than “God Bless America”.
Why would they bother with injections? Their apparent role model, Mao Zedong, slaughtered 65 million to bring his dream to reality.
I found this commentary on Mao to be very interesting: http://www.washingtontimes.com/news/2010/feb/10/the-spirit-of-mao-zedong/
i am going to read this as if it is to be a catastrophic emergency unit….that way i will sleep at nite…..
something very interesting going on in the senate right now…..tom coburn objected to the unemployment extension coming to the floor for a vote unless his bill to fund it from stimulus funds was passed. the democrats defeated the funding bill, so they are at an impasse regarding the unemployment extension. the extension expires at the end of the month, so they have to address it before they leave for easter break. right now they can not even get a quorum to the senate floor to discuss/move forward…….they keep sending the sgt at arms out to round up absent senators….thus they are all stuck there until they get the quorum and until they agree to fund it.
(per what i read earlier, bunning was going to take the lead on this again, but it was decided coburn would take lead. the other republicans are more actively supporting the action this time…….on a personal note, i think tom coburn is very hot…..especially when he is giving one of his rousing patriotic speeches…..)
http://www.politico.com/livepulse/0310/Dems_reject_amendment_to_ban_Viagra_for_sex_offenders.html
Dems reject amendment to ban Viagra for sex offenders, seems it was the Reps idea so of course it could not be considered.
yes that was one of the 29+ amendments the republicans put forth for the reconciliation bill. they were on the senate floor until almost 3am hearing the amendments and doing some of the initial voting……
after all that work, they did not need any amendments to send the bill back to the house. the parliamentarian took care of that for them when he concurred with the republicans on two points of order. too bad the changes to the bill were minor……
The Reps did it so they can use it against the Dems in November. WooHoo !!
Uh… Did anyone even bother to read what this is amending? Although the author of this blog wisely didn’t include that in his post, you could have at least looked it up in the actual bill online. And while you’re at it, wikipedia “Uniformed Services of the United States.” They are forming a reserve corps of officers because this is amending the structure of a uniformed service, specifically adding a reserve element to an existing service that has been around since John Adams. Yes, they’re brownshirts… BECAUSE THEY WEAR THE NAVY’S KHAKI UNIFORM! This “private Obama army” is already lead by a surgeon general. Come on, people, do some research before you post…
The Commissioned Corps of the US Public Health Service has been around since 1889. They are one of the 7 uniformed services of the US. see http://www.usphs.gov .
The Commissioned Officers in the service provide health care to our military, those in prision, and serve as a ready trained Corps to meet public health and medical needs during times of man made and or natural disaster. There is nothing communist going on here. The Corps was limited by law to 6000 members, now there can be more members (you can learn the medical and or public health qualifications to join at http://www.usphs.gov) to better meet the needs of America’s people during times of natural disaster or terrorist attack. This is just giving the services what they’ve been asking for for decades.
Good post Toasty. We are not well known but… many who served proudly in the Armed Services are now serving proudly in the UnArmed Service of Public Health. We are not allowed to carry weapons by statute, even when we work in Federal Prisons. We work for the Surgeon General and the Secretary of Health and Human Services, NOT the Department of Defense! We primarily serve UNDERSERVED populations throughout the United States but also do humanitarian missions to Third World Countries. Several PHS officers were deployed to the recent earthquake in Haiti. We were also deployed during Hurricane Katrina
This is just too f’ing scary. The Army/Navy/Marines/Air Force/Coast Guard/National Guard/Reserves just isn’t enough to keep the unruly masses in line? Now we need Obama’s private army to step in? Bet their uniform jackets will be brown.
This part I find especially puzzling:
‘(2) REQUIREMENT.—All commissioned officers shall be citizens
of the United States and shall be appointed without regard
to the civil-service laws and compensated without regard to
the Classification Act of 1923, as amended.
Appointed without regard to civil-service laws? Compensated without regard to the Classification Act of 1923? Does this mean these will be The Pretender’s handpicked army and no laws will have to be followed regarding who is appointed and how and the compensation they’ll receive?
LM – if the SCOTUS doesn’t rule this whole POS bill unconstitutional and toss it all out, the move to Montserrat just got bumped up to NOW. Pack your bags, we’ll meet you there!
SF – what happens when America becomes the most communist country in the world? No place will be free.
Please stop using the terms communist and fascist interchangably. They are more-or-less opposites.
Communism is an extreme left ideology.
Fascism is an extreme right ideology.
Universal healthcare and high taxes is closer to communism. Big, unregulated insurance companies is closer to fascism. By all means pick one, but don’t mix the two up.
Can you please tell all your right-wing buddies to stop making the same mistake. It’s just plain ignorant and makes Americans look stupid.
Anon – stop trying to confuse everybody. Communism, socialism, and fascism are ALL on the left. Look it up. The Nazi were the National Socialist Party and fascism is socialism with a veneer of capitalism. Got it? Now go away before you piss off the former dems and indies too.
There is some debate around where fascism lies on the left-right scale. Since it is marked by collectivism and centralized economic control, some consider it on the left. But since it is also marked by romantic nationalism, ethnic intolerance and maintaining the status quo, many consider it on the right.
American historian Robert Paxton describes it as follows:
“a form of political behavior marked by obsessive preoccupation with community decline, humiliation or victimhood and by compensatory cults of unity, energy and purity, in which a mass-based party of committed nationalist militants, working in uneasy but effective collaboration with traditional elites, abandons democratic liberties and pursues with redemptive violence and without ethical or legal restraints goals of internal cleansing and external expansion.”
Sounds like the Republican Party to me. Fox News is like Goebbels’ wet dream.
Go away? That’s not exactly in the spirit of your founding fathers, now is it.
Ok,
Most of those who have commented must not know about the Commissioned Corps of the U.S. Public Health Service. The Corps is over 100 years old and has been serving proudly alongside our fellow uniformed personnel in the Army, Navy, Air Force, Marines, and Coast Guard. There is also a commissioned corps for the National Oceanic and Atmospheric Administration (NOAA). All seven (7) uniformed services have an Active Duty and Reserve Corps. This legislation that you are “freaking” out about will essentially alter the status of present commissioned officers in the Corps. It will convert all active duty officers in the Corps to the Regular Corps and eliminate the “active duty” Reserve Corps. Prior to this legislation, commissioned officers on active duty in the Corps had to apply for assimilation into the Regular Corps. They were then boarded and accepted into the Regular Corps (permanent corps of the USPHS). This legislation will also eliminate the limit on the number of officers in the Regular Corps which was previously set to 4000. So, educate yourselves and understand that this is not a “New Army” created by Obamacare. Learn more at USPHS.GOV
Well…..we have two commenters that are leaving interesting tidbits of information which of course will prompt me to put aside the frakkin’ bank I am chasing and chase this topic for a while. Will keep you folks updated.
Grrrrrrr… (at the uncertainty here). I’ll definitely look forward to your update.
Looked up commisioned corps of the US Public Health Service. I have never heard of these people ever. And I come from of a military family. What struck me as strange was the application part of their site. A drop down section asked how you found out about them– word of mouth,? google,? ahh publications,etc.? Do they have anything to do with the Defense Dept. It looks like they only answer to the dictator in chief.
More education is due! Because the Corps is only 6500 strong, a lot of people have not heard of us. Yes, including the majority of the military. The Corps lost its identity when they closed all the Public Health Service Hospitals after WWII. We are now an ALL commissioned corps (no enlisted people) which means we all have professional degrees i.e. Physicians, Nurses, Engineers, Scientists, etc. Corps personnel work for several agencies of the government to include Indian Health Service, CDC, NIH, FDA, Bureau of Prisons, and Immigration Health. Our chain of command includes someone you might have heard of…. The Surgeon General of the United States, currently Dr. Regina Benjamin. Arguably, the most famous SG of recent past is C. Everett Koop. The SG in turn works for the Secretary of Health and Human Services.
jane(anonymous) you ignorant slut. Better do some checking on your history pal. They are all the same bullshit with different names. It’s called totalitarianism. It’s all the same and its killed 100s of millions dipshit!Hey I hear they have room in North Korea for you and your leftist buddies.
How does making fun of me help make your point, you donkey raping shit eater?
You are right that collectivist ideologies always run the risk of leading to a totalitarian government. However, unwavering individualism leads to dog-eat-dog anarchy. Libertarianism doesn’t work on the face of it.
For example, who will make sure that everyone gets access to clean water in a society driven only by “survival of the fittest”?
The reason political science is so complex is because there are few easy answers. Casting issues only as extremes leads to ignorance and violence.
Feel better?
How come, all a sudden we need this? Do I hear Martial Law?
WAIT A MINUTE!! READ IT AGAIN…..
SEC. 5210. ESTABLISHING A READY RESERVE CORPS.
Section 203 of the Public Health Service Act (42 U.S.C. 204)
is amended to read as follows
SEE the word AMENDED? This means existing law before the health care bill.
READ existing law: http://www.law.cornell.edu/uscode/42/204)%20sec.%20203.html
As pointed out….this goes way back in our history and signed into law by one of our founders John Adams.
Well, I wonder if all the commissioned officers will be doctors?
There seems to an agreement that not very many people know anything about these people. What bothers me is the fact that this has been stuck in a 2700 pg.(may be different now) bill with no explanation as to what this means to the average American-until after the fact. In other words, couldn’t we have been afforded some explanation before the passing? I am a civil person and like civil answers.With so much a stake, why shouldn’t we ask?
Time – you are serf – get over it! (snark) It’s the ‘of the aristocracy, by the aristocracy, and for the aristocracy”. Don’t you dare ask to know what’s in a 2700 page bill before it passed because you know we have to pass it to find out what is in it!
On a serious note, MOST of the country is upset over this bill and it’s passage because of all the other crap the Dems rammed through – the hc bill wasn’t our first assault.
Obama said he wanted a civil defense corps as well funded and as well armed as the armed services. So here you have it, Healthstapo!!
Why doesn’t anonymous become alarmed with, …..”and shall be appointed without regard to the civil-service laws”?
The Federals have determined they can make up the law as they go…(recurring theme) per their discretion. Every American should be SCREAMING if not for themselves, their children and families.
Some transparency……..this isn’t healthcare reform. This doesn’t belong in this bill……it just speaks volumes.
Obama is following Hitler and Stalins blueprint for the takeover of America, his Ready Reserve Corps will surely be made up of Communist, Muslims, Black Militants, and every other form of miscreant he can find. I’m also sure there loyalty will be sworn to Obama. He is forming his brown shirt army right under our very noses yet we continue to nothing but complain. Obama may be right about us being sheople. Where is the God, Guns and Guts that made America.
We can either live in freedom or die as communist slaves, I fear the choice will soon have to be made, and I also fear that the 2010 elections will not change anything as they will steal the elections if necessary.
Obama and Communism are winning!
Facades and Charades: left vs. right, communism vs. capitalism, fascism vs. socialism, Dem. vs. Rep., “liberal” vs. “conservatism” etc. Who defined these idealogical terms? Tyrants at the top. These concepts have been fabricated to enslave by making people think in terms of “us” versus “them.” The scam began with the first post-Flood tyrant Nimrod, and has been operating ever since. “Follow the money, honey.” It has funded and shaped all conflicts in history as soon as the post-Flood ancients began mining precious metals and gems. There will never be a political solution to the world’s problems. All the problems have been engineered by the power elite throughout millennia. The Christian message is that only Jesus can save the world. Put your faith in Him rather than in mankind. I think that He will be ruling the world by the end of the decade ahead, as I have been studying this topic for over 20 years.
This message is to show approval for what LogisticsMonster posted 3/25 9:14 p.m. The only “difference” between fascism and communism lies in the “legal” title to real assets. But when you follow the money, you see that “legal” title is just another layer of facade. The founding of 13 colonies and the subsequent “independent” nation was a scam. Certainly, real Christians came here to escape persecution, but the “movers and shakers” wore a veneer of Christian terminology to get the Christian vote.
This is an amendment to the 1944 bill.