You now live in a
totalitarian state, which is another way of saying a fascist state.
A better combination
would be a Fascist Dictatorship that hides itself. One that limits liberty,that
circumvents the constitution and the bill of rights. No one in Washington wants
you to understand what is happening to the economy. We have been saved by the
printing of money and having the world's reserve currency. That is now coming
to an end and there is precious little time left.
In my opinion, Obama is following to a T, the main tenets of
Socialism and Marxism: He up front has admitted that one of his goals is to
redistribute wealth, but it also is overwhelming the system, he is destroying
assets, increasing debt as never before in our history, making everyone
dependent on big government and big labor, and controlling the economy. But
above all he is doing all this slowly and cautiously, with a moderate language,
that allows him to pull it off without anyone ever realizing what is really
happening. I believe now he wants to bring down the Capitalist system, but do
it in a subtle manner.
Obama is a "stealth
Marxist. He believes in achieving his goals slowly and hiding his intentions.
The story of the frog in the slowly boiling pot of water. Government
can just pass so many rules and regulations and mandates, and executive
orders that it is impossible to do business any more. The Dodd Frank Bill
is just such a bill, to be implemented on July 1, 2014. This bill has hundreds
of new and onerous regulations. Right now Federal Regulations cost
businesses (especially small business) $518 billion dollars annually, and I
believe that Obama is just getting warmed up.
Obama wants more and
more Americans dependent on government jobs or entitlements to put food on the
table. Does all this sound familiar???? And he is succeeding.
We have developed in the
past five years of this administration a Wrecked Industrial Base, A War Machine
that takes an ever increasing budget in the hundreds of millions and ever
growing, Gigantic Deficits that now dwarf anything previous in our history..,Dead
Banks,and since 2000, the largest voter fraud in our history. While past
presidents may have been spenders, there is nothing to compare to this
President and his spending. I mean NOTHING.
I do not mean to
insult people, but most simply do not understand what the words socialism,
Capitalism, Fascism, anything about current and past economics, bond
monetization.. People have been dumbed down.
There is nothing to
compare to the present attorney general, Eric Holder, who is the highest
law officer in the land and is currently in contempt of Congress. Who has been
investigating three situations for the past two years and never comes to
any conclusion The Bengazi killing of our Ambassador, the Gun Running to
the Mexican Drug Cartel, The IRS Investigation. of outright favoritism.
When a senator asks him where are some results, his reply is "You better
watch yourself, buddy" That's a direct quote.
We have Lois Lerner, a
very high up Officer in the IRS who takes the fifth amendment, as opposed to
testifying before Congress. E mails are now coming out which directly implicate
her in this favoritism.
We now have a government
insisting that their spending never be limited, that debt never stops piling
up, that growth of government never be limited, that the delivery of government
benefits always grows, that people on the dole never be required to work or
become self sufficient, that the prudent and successful be crucified on the
alter of fairness, that wealth distribution be consistently implemented, that
misery is spread widely by government dictate, and that looting of the private
sector be done at the point of a government gun. Politicians on both sides of
the aisle that never know when to stop; killing the economy with their
prescriptions for happiness.
Just as an injection,
the chart of War cycles shows a pattern of going straight up in a
vertical move. This cycle will last until the year 2020.
If you want to survive
in this country, you have to have faith in our institutions, in the Justice
System, in our Constitution and the Bill of Rights..
But I have lost this
faith in the honesty of our government and in its politicians. A government is
not represented by the buildings that house the government, in the marble
statues of great men now long gone.
When our Constitution is
continuously violated and our freedoms threatened by hundreds upon hundreds of
restrictive laws passed by a Kangaroo Congress who practically never reads the
laws that is passes. How does one keep the faith in our justice system. The
government then tries to enforce these laws by overwhelming force. The recent
case on the Bundy Ranch is such a recent happening. I hope to discuss this case
later in the Remarks.
Even Bill O'Reilly
leaves out important factors in this over reach by this government.
This situation is not
about cattle grazing on government land. That is the propaganda. It is about
the Chinese wanting to buy vast tracks of Nevada land with their Treasury
Notes, ( to buy a hard asset), about the Chinese building an energy plant
on this land to sell energy to Nevada, about Harry Reid and his son who are the
brokers in this transaction, and never is all of this mentioned on Bill O'Reilly.
Our country owns vast tracts of land (a National Heritage) in many
states that this government want to sell to China. You
don't believe me.?? Google "Vast Tracts of Land sold to China" unless
it has now been removed. ( nformation also taken from Zero Hedge .com and Info
Wars.com)
As said in a previous
letter, China now owns the Chase Bank Building in New York City and 60% of all
the buildings in the Wall Street Area. Their desire is to convert as many
Treasury Bonds as possible into a hard asset, before these bonds are
devalued.
A government in a
Democracy is represented by the politicians that are elected by the
people. These politicians are there to serve the people,not the other way
around. Today, however, most of our politicians are bought and paid for
by the big corporations., through the use of lobbyists. There are now more than
20,000 lobbyists in Washington, who, with vast sums of money, contributing to
the political re-election campaigns, buy the votes of our politicians. The
merger of big government and big business is called Fascism.
These politicians are
spending money in a blind fashion.
Years ago, less than 5%
of the politicians when they retired, became lobbyists. Today, fully 40% of
these people now become lobbyists. They ply the halls of
Congress looking to buy votes for this or that cause, or pending bill.
There are no economic
courses offered on corruption. That is acquired as soon as a politician gets into office and
the bribes start. Despite a vast amount of people loosing their jobs, with more
to come, despite loosing their home equity, despite losing their pension funds,
most people refuse to believe that the entire financial system is corrupted by
the leadership classes. But the population is awakening at a very late stage.
As a result, the many dire forecasts of systemic failure and a grind toward
insolvency is seen as very unsavory, and all too often an unwelcome insertion
into any conversation. ( my experience)
People do not want to
talk about bad times. In fact, most do not believe that it is that bad at
all. We have now bubbles all over this economy, built on rigged deals,
outright lies, and vast money printing. All bubbles burst and the reader
should be aware of this.
Most people resent any
correct statements on the economy, since they are committed to their
communities, their businesses and their current pension plans.To tell someone
to stop putting money into a 401K or any other plan is counter to his planned
goals. What is said in these Remarks places a billboard in front of people
which highlights their poorly planned lives, deeply entrenched in a failed
system, perhaps a captive or worse a person without any employment any longer.
Perhaps the beneficiary of a worthless education.
Telling someone that
their hard earned savings will not be there in a few years, that the U.S.
dollar will go down substantially in value, that your government
will expropriate whatever you have through massive inflation, outright
devaluation, does not sit well with most people. They firstly do not
believe things will get that bad and secondly, they do not want to hear it.
That is because their happiness and basic security is being threatened. It is
the head in the sand syndrome. In short, people have a problem dealing
with something that has never happened before. And that is with 98% of the
people I talk. to.
A dollar that will be
devalued by 25% overnight, a dollar that will loose its place as the
world's reserve currency , a dollar that no country will want to accumulate.
People just can't understand that., fathom it. Why? Because it has never
happened before. But you who read this better believe it, because when it does
happen, not if, it will bring down everything denominated in U.S. dollars.
A FINANCIAL TRUTH
There is a simple
financial truth ( if you have a financial background). The Fed simply cannot
finance its DEBT without a cheaper dollar. Can you imagine
yourself paying off your own debts with more expensive money. It becomes much
harder.. To accomplish this cheaper dollar the U.S. must DEVALUE its dollar by
at least 30% and do this at least twice.
So this writer says that
a major devaluation is coming. This may evoke some laughter because I have been
saying this for at least the past two years. But I can't pin down the exact
happening of this event. Some morning you will wake up to this devaluation.
Then you will graduate to the wipeout of your assets that I am talking about.
You poor uneducated soul. People simply refuse to see the evidence right in
front of them. Right in front of your nose.
When it does happen, we
will then import an inflation of all imported items by at least 200%
You see, dear reader, we
import fully 50% of everything that we consume. Whatever the dollar is devalued
by, the price of every import goes up by 100% of that devaluation... That will
lead eventually to the bringing back of factories from China so that we can
again produce items here. But that is at least five years away. Maybe
more. People are just two stupid to realize what is going to happen to
them.
You are going to
experience supply shortages of many items that are not produced here.
Foreigners do not know how fast the dollar will be devaluing, and will wait to
seen it they can keep getting more for the goods they sell here. When supply
shortages happen, then expect riots in many places and with that martial law. I
offer you nothing but gloom coming.
All one has to do is to
wait just a little bit longer. To repeat myself, people will loose most of
their savings by remaining in dollar denominated items. The majority of
Americans will go into deep debt and become debt slaves. Most College students
are already into debt up to their eyeballs. When it comes to money,
most Americans have been dumbed down, duped by the corrupt media, stupefied,
etc Did you know that the average credit card debt is now $25,500. That the
salary to pay this off has been declining for the average person over te past
three years.
Did you know that of the
fifty states, 37 finished the year 2013 with a debt balance of $50 billion or
more.? These states can borrow this 50 billion and push it off into the future,
thereby trying to have future generations heavily in debt, unless a default
occurs. Did you know that the main way to stop this hemorage is to go after the
pension plans of these states and reduce the pay outs substantially?. Did you
know that this is going to happen, and soon.?
When you have rising
food prices you are going to have major unrest and possibly an overthrow of
your present government. That is what precisely happened in Egypt. Food and
energy are the two items that your government lies the most about. These
two items are kept out of the CPI, ( Consumer Price Index) Both are going
through the roof.. Take a look at your electric and gas bills. They are up by
an average of 16% in 2013 and continuing into 2014.
Venezuela this year
devalued its socialist currency by 73% There is no food on the shelves of the
grocery stores and all food is now rationed. This is even with oil exports
Argentina has devalued its currency by only 50% for the sixth time.. The
country is run so badly.. And the point I am making is that this country is on
its way to the Third world,it is also run so badly by the present
politicians." What you hear in the media is continuous lies and
untruths." a direct quote from Jim Sinclair
The advice that I give
myself is to move to the sidelines while still holding large positions of
physical gold and silver and platinum. Regardless of what the markets do,
silver and gold represent eternal wealth to me., and I sleep very good
at night. No amount of money is worth the loss of peace of mind. Paper money is
transactional money backed by nothing, but the promises of your
government. The power of gold opened the American West and then populated
Alaska. Men have spent their lives searching for gold. You can own gold by the
simple action swapping Federal Reserve Notes now being debased at a rapid rate
through mindless printing, for this yellow metal. I advise you to do the
same. There is little precious time to wake up. Capital Controls are coming.
Wait till you see the coming law on July 1, 2014. Bill HR 2847. Look this
bill up on Google. Then tell me about Obama.
As far as I am
concerned, we will be witnessing the greatest financial crisis to ever hit
civilization. The collapse of Western style Socialism. And this is no
exaggeration
Where the leaders of
Europe and the United States think they can fix everything by leveling the
playing field, by taxing the rich, by hunting down every penny of private
citizens wealth.That is what is now happening here in your country I am not
talking about the 50% of all U.S. citizens who pay no taxes at all, have very
little money saved, and who do not care about the new laws being put into
place. I am talking about the dying middle class. The small business owner..
"Government is not
reason; it is not eloquent; it is a force. Like fire, it is a dangerous
servant and a fearful master.' George Washington
By spying on the
populace and even confiscating portions or even all of their wealth
through hidden taxes or even policies such as " bail in" laws to make
depositors creditors of a bank should it fail in the future. Your deposits in
your bank are considered loans to your bank. If your bank should go under, you
become a creditor of the bank, and indeed at the bottom of the list.
What I have to say in
these monthly Remarks is not designed to make you feel good. These Remarks are
promulgated to help people see correctly, to see what is coming, and soon. I am
looking for extreme disruption, broken companies, broken states, many
bankruptcies, the outright devaluation of the dollar, and thus everything
that the dollar is denominated in. When do you wake up??
Most people ( is that
you) cannot see the Paradigm shift underway.) If they did, they would be a lot
more scared than people are. They would fear poverty, the loss of all their
worldly savings, their loss of freedoms, and the emergence of a totalitarian
state. There is only so much gold and silver life rafts to go around and
that will vanish when the public wakes up.
The current price of
these precious metals is so manipulated that it really does not matter what
their current price is. They, together with land, farm land, owning real estate
outright, are you only life boats.
To be sure, the U.S.
Congress is now a wholly owned subsidiary of the bankers and the global elite.
The so called Dodd-Frank Wall Street Reform and Consumer Protection Act signed
into law by Obama in 2010 was largely devised as a propaganda device to placate
Americans outraged by the Too Big To Fail, bail out mantra, complete with
swindles. This bill has permitted dead banks to act like Zombies. These
banks have been actually insolvent structures for almost four years. All the
Tarp money goes to the banks to keep them afloat. That's $65 billion a month.
but the real story is that it is much more than this amount. From what I read,
it is well over $100 -200 billion a month to keep the banking system
afloat. In Europe, the banks have laid off a total of 80,000 people in
2013. You have to wonder how much longer the banking sham can be kept alive.
How does spending these
billions every month buying toxic paper from the banks ever help the labor
market?. How does the Fed get away with one lie after another like this one?
Such spending of this huge amount of money does not fix the labor market or
improve the real economy at all. To repeat, these policies are designed to bail
out the Too Big To Fail Banks and keep the interest rates low so that your Fed
can service the $17 trillion in current debt. It is nothing but a panic move by
the Fed and this is going to ultimately fail. The Fed balance sheet of
toxic waste ( bad bonds) is already at $4 trillion and rises every day.
The U.S. Government debt
is now totally out of control, spending not reined in a long time ago, war
costs on a continuous basis, the welfare state expanding every day, support for
food and disabled workers ever growing and huge. Social Security gone into the
red now, and pensions bloated. The DEBT buildup will continue till the system implodes.
It is imploding here and now. In no way can any equilibrium be maintained. The
debt is way out of balance with what a market can provide in demand to fund the
bonds. The debt has grown during decades of structural economic
development for the United States and the staggering war costs in the Iraq and
Afghan wars.
Each war has cost the
United States $3 trillion dollars. So the two wars, a total of $6 trillion. in
our national wealth. We now are spending $200 million dollars each
and every hour, 24 hours a day ABOVE what we take in taxes.
Foreign nations have begun to realize, that accumulating more US dollar based
reserves makes no sense, and even adds to their risk if instability. ( The U.S.
Treasury bonds at some point are going to default) Can't the reader understand
this simple math??
Our economic
independence is history. We rely on foreigners for the necessities of life. To
repeat, we are the greatest debtor nation in history. Beijing and Tokyo
banks score with billions in annual interest on the U.S. Treasury bonds that
they hold. As the gleaming cities of Asia rise, America's infrastructure
visibly crumbles. The real wages of our working men and women have not risen in
decades. That means that they do not keep up with the inflation of everything
around us. The middle class is rapidly dying now.
Moody's just downgraded
the City of Chicago to junk status. The lowest credit rating of any major city
in the U.S. except Detroit. Cited by Moody's was city's unfunded pension
liabilities which are rapidly growing out of sight. Moody's also cites 20 other
cities which are very weak and ready to fall. They will also go
bankrupt. The point here is that Chicago has been run by Democrats forever
as was Detroit. The people from Chicago are now running our Federal government.
Need I say more.
In the first decade of
this century we lost 6 million manufacturing jobs as 55,000 factories
disappeared.and moved to China. Observe the betrayal of the United States
by its political and corporate leaders over three decades. Globalism is the
visible banner for global Fascism, whose object is to destroy the United
States, since we are no more the cradle of capitalism and the beacon of
freedom. ( Fascism is the merger of big government with big corporations. I'll
say it over and over again.
The gold standard is going to return, since it is in the best
interest of all nations, except the United States. When this happens, the
biggest shock will come to the United States.
Maybe the reader does
not comprehend what I have been saying in so many of these Remarks.
Only in America could
the rich people --who pay 86% of all taxes-be accused of not paying their fair
share by people who do not pay any income taxes at all.
Protecting Your Wealth
From This Madness
This is really a chart
of the past and the projection of the future
2007 U.S. Debt=
$8.7 trillion Gold $635 an oz. Gas $2.40 a gallon
2008 U.S. Debt= $10.7
trillion Gold $875 an oz. Gas $2.90 a gallon
2009 U.S. Debt= $10.6
trillion Gold $855 an oz. Gas $2.75 a gallon
2010 U.S. Debt= $12.3
trillion Gold $1,100 an oz Gas $2.80 a gallon
2011 U.S.
Debt= $14.0 trillion Gold $1,320 an oz Gas $3.15 a gallon
2012 U.S. Debt= $15.2
trillion Gold $ 1,540 an oz Gas$3.40 a gallon
2013 U.S. Debt= $17.0
trillion Gold $ 1,580 an oz Gas$4.50 a gallon
and here is where we are
going
2014 U.S. Debt=$18.8
trillion Gold $2,200 an oz Gas $5.00 a gallon ( by end
of yr)
The projection is that
by the year 2018, based upon the figures above, the U.S. Debt will be
$28 trillion, gas will be $9.00 a gall on and gold will be $3800 Only
time will tell, but I am not waiting around in the U.S. dollar to find out.
You financial survival
through the coming years of Obamageddon hinges upon understanding that
you must first and foremost ( above all else) preserve your purchasing
power.Gold is the only form of money proven to do this consistently for over
five millennia. That is why gold and silver has to be the cornerstone of
your financial survival plan.
Gold, so far has not
broken 1278 and silver has not broken 18.18, . These are resistance levels and
they are holding.
To give the reader one
more remarkable fact. Warren Buffett is regarded as one of the greatest and
smartest investors in the world. Yet since the year 2000. the price of gold has
outperformed the price of Buffett's publicly traded company , Berkshire
Hathaway, by over 300%.
The propaganda from the
media, denigrating gold and silver is so good, that I have to beg people to buy
the various precious metals. I have to beg people to wake up.
To quote your Federal
Reserve, " We have to make money the old fashioned , we have to print
it" Al Rolnick, former chief economist at the Minneapolis Federal Reserve
From January 2000 to
January 2013, gold produced a thirteen year return of 484% as measured in U.S.
Dollars. In that same 13 year period, investors earned 138% from bonds, 35% in
real estate, and 25% in stocks. And I still have to beg people to put money
into gold and just leave it there. That's all you have to do. If you need
money, take a coin and sell it.
You have precious little
time left as Obama is going to tax the living daylights out of you
His Obamacare and Dodd
Frank Bill guarantee it..
Some people tell me they
have enough gold and will keep their paper dollars to see what happens. Those
people will loose their paper investments, especially in any bonds
Gold, is the only
investment that has gone up for 12 straight years. No other investment has ever
done this. It would have gone up for 13 if not for the heavy Fed
manipulation. The upward movement will be resumed shortly. That goes for silver
also..
When one considers the
MARGIN DEBT that is presently being used in the stock markets, one can see not
only the excess that we have gone to, but that investors never before have been
so poor while falsely believing themselves to be rich. It is all built on
DEBT/. How long can this be sustained?? Not that much longer because
credit is steadily generating less and less GDP growth to support an ever
increasing Debt load. to translate, it's all a house of cards.
Make no mistake about the
way I see it. The media portrays a recovery coming out of the financial crisis
of 2008 and 2009, but the next phase of this crisis will be far worse than
anything you have ever seen in the past several generations. It is
going to tear our society apart. The governments of Europe and the U.S.A. will
be fighting for their survival and the way to do this is to suck the blood out
of the private sector.
BANKERS DYING
I am adding to this
segment in each Remarks that I write. So far, there are five more bankers
that have committed suicide. or been killed.
Jan Schmittman. Former CEO of ABN AMRO A Dutch banker
was killed, along with his his wife, and daughter. This top
banker was suicided from a distance. He was in the higher echelons of ABN AMRO
Bank The hit men are starting to go after the top people. Perhaps the motive
was missing gold from many gold accounts since delivery could no longer be
made by the bank
Juergen Frick The CEO of Bank Frick & Co. Liechtenstein
This was a private bank.
apparently gunned down
by possibly a disgruntled employee. or client, in the garage of his bank.
Benedict Phillippers Bank Manager-Ans Saint Nicholas 37 year
old bank manager, his wife and 9 year old nephew all murdered.
Belgium, City of Vise
Jeffrey Corzine Son of the former New Jersey Governor, John
Corzine and leading contributor to Obama . Also, John Corzine is the one
where $1.5 billion is missing from MF Global. Found dead in Mexico, age
31 A mid level banker that knew too much. Possibly killed by the drug
cartel. Is all the money worth it???
Joseph Giampapa Was senior vice president of the
bankruptcy division of JP Morgan
He was the leading
bankruptcy lawyer for Morgan. He was found dead in a minivan. Struck down by a hit
and run driver. He probably knew too much or was soon to divulge state's
evidence.
SUMMARY
Growth is now a function
of expanding credit, financing government and consumer consumption ( spending)
and calling it GDP. The developed world has become something for nothing
societies, living off the land and other people's money. They will issue debt
until it no longer can be sold. ( The U.S. is approaching this situation) This
process is well established and underway.. ( Look at Venezuela, Greece,
Argentina, Ireland, Italy, Spain, Portugal, and so on.) Plunder has now become
a way of life for our government. Think unending taxes on everything that
moves.
Think regulations and
new laws to prohibit competition, prohibit taxation, innovation. Freedom is
increasingly prohibited by law. In order to produce anything you now need the
permission of people who produce nothing but more restrictive laws. And because
of this, our society is doomed. WAKE UP
A brutal downturn is
coming in our economy, because our dollar is rapidly declining in value.. A
massive inflation is coming--and most cannot see it or simply do not want to
believe it. No nation ever got wealthier by going into debt as we are doing,
and then printing money to pay these debts. I said no nation and no exceptions.
Our Federal Credit Card is maxed out and we are broke. WAKE UP
Right now, no where is
the media, any media, carrying the story of our dollar loosing its place as the
reserve currency of the world and what this really means for our country and the
people who live here. The U.S. dollar is dangerously close to loosing reserve
currency status and it is not if but when this happens. The result of
this happening is not understood by 99% of the people.. Any government, and
person who has any sense at all is looking to get out of the U.S. dollar which
will be rapidly declining in value, This is not unpatriotic but a absolute
fact.. I cannot give you an exact time when this will happen,.. Perhaps in
July, perhaps six months from now. To quote Jim Rogers, " The Dollar is
a MESS" WAKE UP
People do not understand
what the words " Reserve Status " means and what the loss of this
means. The U.S. dollar standard is going to vanish, after 100 years where the
dollar was the reserve of the world. Most countries are selling their
Treasuries for whatever hard items they can buy. ( Think gold, silver, platinum
,raw land, paintings. Anything to hold its value.) New regulations are coming
July 1, that few people know about, and few understand. The Bill, already
passed by Congress is HR2847, but no one talks about this terrible tax bill.
You government LIES to you on a daily basis. Propaganda worthy of the
German Reich. WAKE UP
And when we loose this
reserve status, everything that we import will rise in cost, like a shot out of
hell.
Explanation of the
words," Reserve Status"
Many years ago, Henry
Kissinger persuaded Saudi Arabia to sell their vast reserves of oil to the
world, accepting only U.S Dollars as payment. This meant that any
transaction, regardless of whether the U.S. was involved or not, would have to
be in U.S. dollars when it involved the sale of oil. Thus, every world country
sought the acquire U.S. dollars to make payment for any oil bought. These
dollars were then converted into U.S. Treasuries paying interest This
also created a demand for the U.S. currency. This exchange became known as the
Petro Dollar.
What is also meant was
that the U.S., could pay for its oil and most of its bills simply by printing
money, since the dollar became the world's reserve ( choice) currency. Thus the
U.S. could live far beyond its means, import much more than it produced or
exported, with impunity for the past 40 years. It is like having the ability of
writing an unlimited blank check.
But this is about to
come to an end. Russia has recently made trade agreements with China, and Iran
and India to sell its oil and accepting Yuan, Gold and other currencies
So the statement to make
to the reader is,".When the Russian demand gold for oil payments, and the
Chinese demand to pay in Yuan currency for oil shipments, the Petro Dollar will
be dead.. The United States will soon find itself on the extreme defensive,
isolated among the major industrialized countries and even the emerging
markets. An Eurasian Trade Zone will be born.
To put it to you in
another form, If Russia accepts payment for its crude oil and its natural gas
in any currency other than the U.S. dollar, then the Petro dollar system
will collapse quickly. In addition, all the countries will see no reason to
store vast amounts of U.S. Treasuries any more.
This fact is going to
happen rather quickly, but I cannot tell you exactly when. You see why Russia
holds all the cards in this Ukraine affair. Thus the Petro dollar is doomed,
its demise is guaranteed by the U.S. government pressure with meaningless
sanctions. The U.S. is a debt ridden nation whose entire list of allies is
deeply dependent on energy and minerals from Russia. Thus, the Western
European nations will break away very soon from the U.S. leadership. Wave good
by to the Petro Dollar, whose dismantling assures the harsh landscape of
economic war ruin. I would expect to see price inflation, supply shortages, and
civil disorder in the backlash coming.
To repeat also, the
way your government is going to bring the middle class to its knees, is through
taxation. , the Obama Health Care Bill is nothing but a tax bill,
increasing your taxes on hundreds of items, increasing what the average person
pays for insurance.
O'reilly talks about how
many like this bill and how many do not. If the people really knew what taxes
this bill contained, no one would like the Obama Health Bill. But most of
these taxes have been hidden or the attempt to hide them.
Let us just take a few
examples. I can't do all of them. Obama -Care has a hidden medical device tax
to be applied by the manufacturers so that the public cannot see them. The
problem is that this tax is also imposed on all sports equipment, car tires,
certain cars, and coal just to mention a few items.
In addition, vendors are
required to conceal the tax, and are advised to pass it on in hidden form. It
is called the 2.3% Medical Excise Tax, as part of Obama Care. The tax began to
be collected after Jan 1st. However, as I read it, the hunting and fishing
store Cabelas, has instead decided to show it as a separate line item tax on
their sales receipts.
Further investigation
reveals that this new tax is to be imposed not only on sport fishing equipment,
fishing rods, poles, electric outboard motors fishing tackle boxes, bows and arrows,
coal, certain kinds of tires gas guzzler autos, vaccines and on and on. In
summation, the American public has been deceived, as usual The Obama Health
Care Bill contains over 1000 items to be additionally taxed.. There is also a
new bill to extend this tax to sales of condoms,, lotions, certain truck parts,
and more. What is the point of mentioning all this? The Dodd Frank
Bill of over 1200 pages contains an additional 2000 new taxes to go into effect
on July 1, 2014.
But if you really want to
condense this whole report into a few sentences,
It is all about this
government versus the people ( that's you) About the abrogating of the
constitution and the bill of rights.
It is going to get a lot
worse and very bad and this is the most important force that you will have to
deal with. Your government destroying your way of life is more important than
inflation, more powerful than the fiat money that they now create in the
trillions.
It is the fear I
have when people loose it all, when even the government handouts cannot contain
their hopelessness . It is the rising social discontent and that is more
powerful than any economic force known to man. It is your government
caring about the five biggest banks in this country, more than the welfare of
the average person in this country.
Your government lies to
you at every utterance. Nothing that is said to you via the controlled
media is truthful. To quote Craig Roberts, ( former Secretary of the
Treasury) The U.S. economy is a house of cards. Every aspect of our
economy is a total fraud, and the illusionary recovery is created with
fraudulent statistics' The unemployment was today heralded as dropping to 6.3%
from 6.7%. Nothing was said ABOUT AN ADDITIONAL 900,000 PEOPLE DROPPING
COMPLETELY OUT OF THE LABOR FORCE AND THUS NOT BEING COUNTED. And such bogus
statistics being issued almost every day.
I think it can be stated
that government is dangerous, incompetent, and corrupt. The bigger it becomes,
the more dangerous, incompetent, and corrupt it becomes. While I believe
Obama's goal is to turn America into a" Nanny State", he does
not realize that all his plans are doomed.
Why won't they work??
Because government always fails at everything it does. Just as Obamacare will
fail miserable. It fails everywhere. Pick a country. Any country Not just
Socialist countries like the old Russia, Cuba, Venezuela North Korea. the
old China, failures all. Those disasters are too easy to point out. Or
disasters like Spain, Greece, or Argentina. But governments everywhere screws
up what it touches. Governments everywhere going into bankruptcy. Without the discipline
of the market place they survive by going heavily into debt ( like us),
printing fake money and raising taxes ( like us)
Our government is quite
simply a Ponzi Scheme. Firs take the people's money until it is all gone.
Then they spend money that does not really exist ( fake dollars created out of
thin air by the Fed). As in every Ponzi they take money from the newest to pay
for the oldest in Social Security and Medicare. Then they hand out more money
in bribes to the masses to distract them from how bad things really are. And
that is where we are now. The ultimate problem is that no one can ever
bring them to justice because they own the prosecution and the courts. It
is even worse than that because our government is an addict., because it is
also pathetically addicted to spending. and then blame the current tax payers
for not giving them more money. It is always our fault for not paying higher
taxes. Obama's answer for every problem is higher taxes.
The American Dream = an
entitlement mentality
To pay for all these
entitlements we tax interest, dividends, and capital gains. Most of our leaders
have no financial education at all. We also graduate students through high
school who also have no idea what sound investing is. Most ( 90%)
of college graduates are also financially illiterate.. We have a school
system which is obsolete and a dumbed down teachers union.The writer is not
anti American. I am a defender of the Constitution and an advocate of a
currency backer by a gold standard.
To me, the nations
citizenry seems overwhelmed by total confusion of the events to interpret, by
delusions of values once held sacred that no longer apply, and by assumptions
that are part of a fantasy landscape. Most people are living in a fantasy world
when I warn of the United States arriving soon into a Third World status which
results in blank stares and looking at me like I did not know what I was
talking about.
When I was in the military
I took an oath to protect and defend the Constitution, but now I realize that
nowhere does the oath include aspects of an internal coup'd'etat and adopted
treason at a high level. I have totally lost faith in this government. I do not
believe anything that comes out of Washington. There is no recovery and
there will be no meaningful recovery . Investing in the future has ceased in
this country. And no new plant and equipment in the last seven
years means to me no new jobs and it also means businesses which cannot
grow. We have the weakest growth in private capital in six decades. What we
have coming is sustained PAIN.
The dangerous wrecking
ball of this economy is that consumption accounts for over 70% of the U.S.
economy., while the legitimate income from factories has dwindled. The
direction is Chins for that income base. The source of American consumer
funding hasd increasingly come from inflating assets and DEBT. The U.S. economy
has lost 42,400 factories since the year 2000, whose average factory worker
count was typically over 500 people from each factory. More recently, the U.S.
has lost 32% of its manufacturing jobs, over 5.5 million workers since the year
2000. In 1960, manufacturing represented 28% of U.S. output In 2008 it was
already down to 11.5% Americans working in manufacturing is now to the
equivalent equal to 1940. And this Administration only encourages more jobs to
leave. nothing is done to bring jobs back and so much could be done. But you've
got to stop the taxing to death of the American public.
When are people going to
realize that your government's first interest is to look out for itself and not
the people When are people going to wake up?. As such the government will
eventually confiscate everything it can get its hands on, and certainly the
401K's and pension plans. There are $16 trillion in these plans and there is
$16 trillion in the current national debt.
When will people realize
that hope is not an investment strategy?.
I do not buy any gold or
silver ETF's I I have always bought actual gold and silver, taken
possession.,( no numismatics) stored this gold in 'outer space" and
the reason for this is because I do not trust the government Not when
they pass so many restrictive laws and taxes. In addition, I am looking for a
major currency devaluation, as opposed to the regular devaluation
that continuously takes place in our currency. Your savings will
evaporate if you do not invest in gold and silver. Till
Later
Source; Email from VICTORIA BAER Jacksonville, FL Sent: May 17, 2014 9:45
PM Subject: To Loose Faith by Robert, this
is from a former retired personal money manager of the very wealthy. I would
pay attn. victoria
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