Economic Rant

December 21, 2015

Obama promised to “disarm America” eight years ago:

On September 7, 2007 Senator Barack Obama said this on Meet the Press TV:

"It's my intention, if elected, to disarm America". He has 12 more months to do this, and absolutely nothing to lose. His favorite phrase is to, "bypass Congress". He can, and has, done this with Executive Orders. That's what dictators do in totalitarian police states.



(Thanks to A.F. Branco for this.)

 

HERE IS WHAT THE SECOND AMENDMENT REALLY MEANS:

"The laws that forbid the carrying of arms are laws of such a nature. They disarm only those who are neither inclined nor determined to commit crimes.... Such laws make things worse for the assaulted and better for the assailants; they serve rather to encourage than to prevent homicides, for an unarmed man may be attacked with greater confidence than an armed man." - Thomas Jefferson



SEVEN GUN MYTHS

1) "There is a gun show loophole". No, there isn’t. The same laws apply at all gun shows that apply in gun stores.

2) “We really don’t want to take your guns”. Yes, the liberals want to take every gun you have.

3) "It’s too easy to buy a handgun". No, it isn’t at all. You need extensive paperwork, ID, and a background check to buy anything.

4) "Concealed carry doesn’t prevent violence". Yes, it does. The real world proves this. Common sense tells you it does.

5) "The 2nd Amendment is outdated, and only applies to flinklock muskets". The musket in 1776 was the AR-15 of the time. England tried to ban them in America. That's like saying freedom of speech doesn't apply to radio, TV, newspapers, magazines, and the Internet.

6) "Gun ownership only increases violent crimes". Taking the guns away in countries like Australia proves exactly the opposite. Switzerland has an extremely low gun crime rate and every home is required to have a military rifle and ammunition.

7) "Gun free zones mean less gun violence". Exactly the opposite. Criminals love gun free zones, as they know these are the most vulnerable.

 

States like Oregon, Colorado, and Illinois have already enacted enhanced background checks to prevent private gun sales of transfers. This means you cannot give a gun to your spouse, mother or father, son or daughter, best friend or anyone else. You must go thru the BATF. A federal Enhanced Background Check law failed by 2 votes last month. It will pass in 2016. When you die, you cannot leave your guns to your family without putting each one of them thru a BATF transfer. That will make felons out of millions of people.

 

IT'S ALL PAPER- IT'S ALL AN ILLUSION       

There are only 137,000 oz of registered (available) gold on the COMEX.  This means anyone with a mere $135 million can buy every ounce of available COMEX gold. This is unreal. The open interest is 398,000. That means there are 39,800,000 paper ounces of gold. That means there are 290 ounces of paper imaginary doesn't exist "gold" for every ounce of the real thing!!! The same is basically true of silver, and there are about 200 ounces of paper silver for every ounce of actual, real, physical silver. Both gold and silver are in backwardation. The price today is HIGHER than months out.

 

Speaking of useless paper, how about that U.S. dollar? This 55 year chart is right from the Fed. Look how much "money" (it's not money at all) was counterfeited after 2010. Literally trillions of dollars in play money have been printed with no backing at all. And morons like Jim Rogers are fully invested in the dollar. How can interest rates be at one half of one per cent when inflation is raging, and the Fed is printing green toilet paper 24/7?


Why don't we buy silver (or gold) mining stocks? Because all paper will be worth paper. The stocks are denominated in dollars. All currencies on earth are worthless for the first time in the history of the earth. Yes, the miners are leveraged vis a vis the physical metals, and will outperform the metals. But they are paper. The whole point is to hold real silver and gold in your own hot little hands and in your own personal possession.

No paper silver, no storage programs, no unsafe deposit boxes. HOLD IT!!!

 

THE FAKE PAPER SILVER PRICE WAGS THE DOG

The open interest for silver is 168,000 contracts. Each contract is for 5,000 ounces of silver. This is 840 million ounces. Only 800 million ounces are produced every year. Less than 200 million ounces of silver are sold each year as coins and bars for investment. The other 600 million ounces are used industrially and for jewelry and silverware. This is inarguable proof the paper market controls the price, and not supply and demand. Of course this is temporary, and will end soon. It will end for the simple reason no one in their right mind will sell an ounce of silver for $14. We'll look back at 2015 in disbelief that you can buy silver at far below the cost of production. Both gold and silver are still in backwardation. This does not happen in free markets. It means people will pay more today for silver than they will in the near future. Who cares if silver falls to, say, $13. What difference would it make? When silver goes to hundreds of dollars an ounce who cares? You may not be able to buy any silver if it falls even further. This is a very thin market.

 

The COT report on the 11th was bad. Silver closed under $14 again, and we got the "silver signal" (strong gold/weak silver). The commercials reversed their net gold shorts, and added 10,000 contracts. They added 1,000 net short silver contracts. There is nothing but air under the prices of gold and silver. Silver closed under $14 for the second time. Your author dropped his 20 silver futures contracts. The short term does not look good. The only good news is the HUI and GDX are holding up well. The miners are fine. The COT report on the 18th was very good news. The Big Banks dropped 6,000 net gold shorts, and are now only 8,000 net short. This is a mere 2% of the open interest (OI). They dropped 7,000 silver shorts, and are down to 24,000 net short. This is still 14% of the OI. We still need to get that silver under 10,000 (6% of the OI).


Please take a look at this 10 year chart. LESS SILVER IS MINED EVERY YEAR.

Yields per ton of ore fell from 13 oz to only 7.4 oz.

Are you aware that when Nobama went to the G-20 conference he took an entourage of 500 people? This included 200 secret service agents, cooks, hair dressers, six doctors, dog walkers, and God only knows who else. All at our expense folks. We have one more year of him since Americans elected him twice to destroy our country. Now tell yourself this isn’t End Times. Go right ahead.


Reverend James Manning is one of those rare black men who tell the truth.  He doesn’t play the race card. He hates Obama. This is a sincere, honest, dedicated minister.

 

You never heard of the Clean Power Plan, did you? Of course not. The media didn’t cover this. The EPA made these laws without Congress. Basically all coal power plants will be shut down, and the entire coal mining industry destroyed. We are the Saudi Arabia of coal and have 1,000 years of known reserves. With the SASOL process you can make gasoline, jet fuel, or diesel for $2 a gallon for the next ten centuries. The insane purpose of these new laws is to reduce vital, life giving carbon dioxide. The liberals call carbon dioxide “carbon” as if it is black soot. Your power bills will go thru the roof, and the standard of living will go completely to hell. That is the purpose! To have a nation of easily ruled poverty stricken serfs. Just like Castro did in Cuba. It’s almost impossible to rule intelligent, prosperous, hard working people. The neocons and One Worlders want the entire world to be serfs with the 1% ruling. We really “bypassed Congress” on these powerful regulations didn’t we?

 

195 Countries sign International Climate Accord

The One World Order wins again. There is no "global warming". That's ridiculous. Science proves that repeatedly. Carbon dioxide is vital to the life of this planet. Remember we learned about CO2 in the seventh grade. Photosynthesisis  on carbon dioxide.  "Greenhouse  emissions" is an Orwellian term that makes no sense. The CFR, Trilateral Commission, and Bilderbergers are all behind this. A One World Government with the capital in Israel of course. Want proof?? Here is Michael levy from the CFR:

“The world finally has a framework for cooperating on climate change that’s suited to the task,” said Michael Levi, an expert on energy and climate change policy at the Council on Foreign Relations.


Israel, America, the U.K., and Saudi Arabia created ISIS. ISIS is merely a group of paid mercenaries from these four countries.  Notice ISIS never attacks Israel or Saudi Arabia. Did you know wounded ISIS soldiers are treated at Israeli hospitals? Didn’t hear that on Fox (Faux) News did you? Israel and Saudi Arabia want to get rid of the Sunni and Shite Muslims. The Sauds are Wahabbists. They hate the Sunnis and Shites. ISIS is neither Islamic nor a state. For more go to www.smoloko.com.



America has always been based on a solid, white, hard working middle class. No more. Soon America will be less than half white- like California is today. As goes California, so goes the nation. This has been true for 165 years now (1850). Less than half of the country is middle class anymore. It used to be over 60%. The road to serfdom continues. The median net worth of families in the United States was $137,955 in 2007. Today, it is just $82,756. Eight years later this is down a full 40%.

The richest 20 Americans, with a combined net worth of $732 billion, are as wealthy as half of the U.S. population, according to a new study. These findings showed that the country’s 20 wealthiest people, which includes Bill Gates and Warren Buffet, now own more wealth than the bottom half of the population combined or 152 million people. This is crony capitalism, not capitalism or free enterprise at all. The study by the Institute for Policy Studies also found that America’s wealthiest 400, with a combined net worth of $2.34 trillion, own more wealth than that of a staggering 194 million people – the bottom 61 per cent of the country combined. 

More and more we are a Third World shithole like Brazil. The American standard of living was the highest in the world. That is failing, and will soon be gone. Latinos are illegally pouring into the country by the millions and breeding like cockroaches.

Remember Stanley Kubrick who produced the movie 2001 Space Odyssey? Well, he admitted he helped fake the moon landings. He admits this is physically impossible and it was all a government hoax. Google "Kubrick admits moon landing hoax" if you want to learn more about this. He died in 1999, and his confession video was just released. Anyone on the moon would quickly die of radiation. There is no protective atmosphere like we have on earth.

 

Black Friday sales were a disaster- except for guns and ammo. Gun and bullet sales were thru the roof. Christmas sales will be another disaster, just like last Christmas and the one before that.

The NY Times calls for a total gun ban in their headline.

"It is past time to stop talking about halting the spread of firearms, and instead to reduce their number drastically — eliminating some large categories of weapons and ammunition… Certain kinds of weapons, like the slightly modified combat rifles used in California, and certain kinds of ammunition, must be outlawed for civilian ownership".

J.P. Morgan owns 350 million ounces of actual physical silver bullion Jamie Dimon made an official statement to his stockholders:

"Some things never change – there 'WILL BE' another crisis, and its 'IMPACT' will be felt throughout financial markets."




Pink is 2002 and green is 2014. Every country is producing as much oil as it can, yet demand is down. There is  nowhere to store all this excess oil. We’re all celebrating low oil prices. OIL SHOULD BE $40 A BARREL. GAS SHOULD BE $2 A GALLON. But low oil prices are killing the world economy. Why? Because this is due to a collapsed economy with much lower demand.


Fear, intimidation, distraction and division rule the day. 99% of the American sheeple are brain dead. The could not eat or keep warm without government aid. They believe everything they see on TV, hear on radio, and read in the newspaper. Fear ISIS and all Muslims. Intimidate the same way. Distract with asinine TV shows. Divide into race, political parties, and religions. It’s working beautifully.


The Republican debate on the 13th was down to 8 people. 7 Republicans and Trump. Trump is a far left Democrat, whose only purpose is to break up the Republican party so the Democrats will win. He may even form a third party to steal votes from the Republicans. Jeb has completely failed for some unknown reason. Right now Rubio is getting the most Jewish money, and is most probably the next president. Believe it or not, Cruz is big on gun rights, and even joined up with the GOA. Listening to Rubio and Cruz is like listening to Thomas Jefferson. They SOUND wonderful. They make wonderful speeches about freedom from government. None of this is true of course. Kasich doesn’t have a chance. Carson, Paul, and Fiorina are all jokes. Hillary is dying of various diseases, and Kosher commie Bernie doesn’t have a chance. None of this matters at all, since there is only one Republicrat party in America. No different from Cuba, Red China, or North Korea. We just pretend to vote for Tweedle Dum or Tweedle Dee, heads or tails of the same coin. We live in a two party dictatorship. You have to realize that. 

Let's expose another disinformation agent- the "legendary investor" Jim Rogers. Why do you think you see him on CNBC, CNN, and Kitco? Anyone who tells the truth is never going to be seen on mainstream media. In his Kitco interview he said gold is going below $1,000. Silver doesn't exist. He is heavily invested in the U.S. dollar. In 2016 he is going to make some vague investments in China and Russia. Sounds like a plan Jim. He may buy gold later when the dollar goes to Himalayan heights. He’s another disinformation agent. Yes, silver and gold may well go a LITTLE lower, but they are both well under the cost of production.


WHITE PEOPLE ARE THE MINORITY IN THE WORLD

There are 2.1 billion Asians.

There are 1.6 billion Indians.

There are 1.4 billion Africans.

There are only 1 billion whites out of over 6 billion people.

The Chinese are going to take over the world unfortunately. They have over a billion people and a huge army. They are stockpiling massive amounts of gold and silver. AMERICA HAS NONE OF EITHER  This chart shows how much gold they mine now. They export none of it. In fact, they are heavy importers as are India, Iran, and Russia. America has no gold. It was gone over 50 years ago, and no audit has been done.


This is a chart of the Baltic Dry Index. This is the most important of all indexes for the world economy. It shows international shipping. The world economy is in the toilet.


Commodities are ironically falling in price:


Look at this 30 year chart of the Commodity Research Bureau Index (CRB). The lowest price in over three decades!!!  Now explain why food prices are thru the roof. Now explain how the Fed is counterfeiting literally trillions of fake "dollars".

 

The demand for silver is up, and the supply is down. Silver is well below the cost of production. This can't keep up obviously. Look at the chart, and there is no reason to see the bottom is in yet. It has been over 51 months of a bear market now for silver and gold.

There is an old saying, "The cure for low prices is low prices". When a commodity like silver is selling for far less than the cost of production, the price will go up since the demand rises and the supply falls. The Big Banks have 24,000 net silver shorts on the COMEX. Each contract is for 5,000 ounces, so that means they control 155 million PAPER ounces on extreme margin. Less than 200 million ounces are sold every year for investment. This proves beyond a doubt they control the price with paper.

 

The house of Saud is failing (get it? Saudi Arabia, not just Arabia). This family has only been ruling for the last 99 years (1916). They have an unholy alliance with Israel. This sounds strange on the surface, BUT they both share Iran, Syria, and Hezbollah as enemies. Again, the Sauds are Wahabbists, and not Sunnis or Shiites.



Look at this powerful FIVE MONTH HUI bottom. This is also true of the GDX. As long as the HUI stays over 101 we're fine. Gold, silver, GLD, and SLV have nothing but air under them right now. The mining stocks are doing just fine though. This indicates the metals just cannot fall much.

THE ROAD TO SERFDOM CONTINUES...



25 year chart right from the U.S. Census Bureau. The bars are renters, and the blue line is home owners. America used to be a nation of HOME OWNERS, not renters. This situation is actually much worse than the chart tells. Now we have far more people living in one house than ever before. Our standard of living deteriorates by the day. The road to serfdom continues. The One World Order is on the march.


All American presidents have always celebrated Christmas. There has always been a nativity scene and Christmas tree at the White House. Not with Obama. No Christmas for him. Instead, he celebrates Hanukkah with his Jewish handlers and has a 40 foot menorah on the White House lawn. America has always been a heavily predominate Christian country for 239 years- until now. If you have any doubts about this, here is what the Pilgrims said in the Mayflower Compact aboard the Mayflower, in Plymouth harbor: “For the glory of God and advancement of ye Christian faith … doe by these presents solemnly & mutually in ye presence of God and one of another, covenant & combine our selves together into a civil body politick.” 

Thank Clive Maund for this 20 year DJI chart. He sees the Dow falling to 6,000.  That would be a very probable scenario.


Derivatives alone will take down the entire world economy. There are far, far more derivatives than all the wealth on the planet. We cannot fit this in the Rant, so here is the hyperlink. Please go here so you can graphically and easily see the derivatives positions of the Big Banks is insane beyond comprehension. They will implode; it is just a question of when they will. You might fall out of your chair when you see this:

http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18

 

8 year old Samantha Dawson was suspended from school simply for saying, “Merry Christmas”.



The ‘war on Christmas’ continues as a simple well-wishing of ‘Merry Christmas’ has led to big trouble for one third-grade girl this week. Samantha Dawson, an 8-year-old student at Westview Elementary School in San Francisco, CA, was in the school cafeteria Tuesday eating with friends when she was taken to the principal’s office and given a week long suspension. Her punishment was consequence for saying ‘Merry Christmas’ to her atheist homeroom teacher, Mr. Horner, earlier that day. If she had said, “Happy Hanukah” you can  believe nothing would have been done to her.

 

There have been three rants this month because the world situation is rapidly heating up. PREP and prep some more. Keep prepping. Common sense tells you to be ready for what’s coming. Merry Christmas to all 8,000 people who read this every month. That includes Christians, atheists, agnostics, Jews, Muslims, and Hindus. God bless everyone on earth.


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