Economic Rant

December 17, 2017

"The truth is incontrovertible, malice may attack it, ignorance may deride it, but in the end; there it is."

 

PAPER SILVER RULES FOR NOW,  BUT NOT FOR LONG

 

The total amount of silver futures contracts on the COMEX are now at one BILLION ounces. That's billion with a "B". One billion ounces of PAPER silver, not real silver bullion. All paper will be worth paper. That is far more silver than is mined every year world-wide. No other commodity on earth has this kind of open interest. Nearly all the short positions are owned by the Big Banks, not normal investors. The normal investors are all on the long side of course. This is how the price of silver is manipulated. The gold open interest is 532,000 contracts, or 53 million ounces. The silver open interest is 200,000 contracts, or 1 billion ounces. Total world gold mine output is only 96 million ounces (3,000 metric tons), and silver 885 million ounces. Both are extremely manipulated by these insane short positions by the Big Banks.

 

SILVER BOTTOMED IN DECEMBER 2015

 

Want more proof of this situation? The COMEX only has about 30 million ounces of available silver ("registered"). They have a billion ounces of paper silver though. This means they have about 33 times more paper silver than real silver. Paper is paper. Silver is silver. Only 3% real silver bullion. Same as nothing.

 

EVERY YEAR ANOTHER SERIOUS SILVER DEFICIT



THE HUI DID MAKE A QUADRUPLE BOTTOM!!!

 

This week the HUI did break support and made a new 9 month low. This looked very bad, but on Wednesday the 13th all this reversed. The HUI has now made a very powerful quadruple bottom. Is the misery over after 6 years and 9 months (April 2011)? A quadruple bottom is a very, very strong technical situation.


OUR DEBT TO GDP RATIO IS NOW15:1..$200 TRILLION NATIONAL DEBT

 

We have an actual $200 trillion national debt, which includes the unfunded liabilities. Our GNP is down to a mere $14 trillion. This is an insane 15:1 ratio. This cannot and will not go on. It can’t. America has never had an insane 15:1 debt to GNP.  Trump has been in office 11 months now. His entire cabinet is just different swamp monsters- including his own son in law. He has not only continued, but escalated, the wars and sabre rattling. He promises one thing, and does another, just like all politicians do. He’s just another Zionist sock puppet, and this photo proves it. Trump moved the capital of Israel to Jerusalem. We are the ONLY country who will have an embassy in Jerusalem. This is absolute proof Trump is a Zionist sock puppet, and Satanyahu is the puppet master. Hamas says this will, "open the gates of Hell."

 

 

THE REAL SOCK PUPPET DONALD AT THE WAILING WALL



WAR WITH NORTH KOREA BY APRIL?

 

Too many serious things are going on with North Korea. This situation is heating up more and more. Now, a good number of reliable newsletter writers are concerned an actual war could break out in the first quarter of 2018. Just be prepared in every possible way you can for something like this. Great events cast their shadows before them, and the shadows are darkening. This is undeniable. Probably nothing will happen, but just be prepared. We will get clear warnings if you just pay attention. Watch the price of gold. It is the war barometer. Right now gold is not worried about war. No chance of war at all in December.

 

A famous libertarian was once asked what we should do about the poor. He simply said, “Make sure you’re not one of them.”

 

U.S. SPENDS HALF WITH WORLD MILITARY BUDGET

 

We have a mere 5% of the world population, but spend almost half the world military budget. That is 10 times, or 1,000%, of what we should spend. China, Russia, and  North Korea don’t spend this kind of money. America is the war monger of the world, the world bully, the world policeman. But now America is a paper tiger growling and snapping with nothing to back up all the bluster. In a previous Rant we explained we are FOURTEEN TIMES outgunned by the rest of the world. We have almost no allies. The rest of the world hates us for a lot of good reasons. America was founded on the principal of laisse faire, or mind your own business. Friendships with all, but alliances with none.

 

WE HAVE 865 OFFSHORE MILITARY BASES- WE SHOULD HAVE NONE



WHO IS THE ONLY GROUP IN THE WORLD YOU CAN'T CRITICIZE?

Can you criticize Israel? Only if you are Jewish. Can  you criticize Zionism? Only if you are Jewish. Can you criticize the Jewish people? Only if you are Jewish. You can have an opinion on anything but the WWII Holocaust. Why is the only group on earth you can't criticize? Only 1/5th of 1% of the world population is Jewish. That's 1 in 500. There are only 6.5 million Jewish residents in Israel, yet they control the entire 320 million in America. They own the Federal Reserve, the entire media, and every single man and woman in Congress.  How does this tiny group rule the world? Good question.


OVER 60 YEARS AGO HOOVER KNEW THE TRUTH



J. Edgar was certainly no libertarian, but he knew the truth about who runs the world.

 

44% OF MILLENIALS PREFER SOCIALISM AND 7% PREFER COMMUNISM

51% of millenials hate free markets, small government, prosperity, and freedom. Have you noticed how few of them have real jobs? How poor most of them are. What low standards they have. Little real education and no good job skills. Born to lose, they were all born to lose. They hate winners and want everyone to share their poverty, their misery,  and their failures. That's the very definition of socialism.


THE SHEEPLE ARE LIVING OVER THEIR HEADS

 

This chart below shows assets to disposable income. People have never in the history of the world lived over their heads like this. No society has ever been drowning in debt so badly as we are. The average family in America is not merely broke, but deeply in debt. Drowning in debt is the New Normal.


AMERICAN STANDARD OF LIVING COLLAPSING

 

This chart shows America will never be great again. The blue bars are 19 years ago in 1998. The orange bars are 2013. It is worse in 2017, and will continue to get worse. America will be a Third World banana republic with no bananas. You know, like Argentina and Venezuela.



ISRAEL’S FOREIGN MINISTER REVEALS  AMERICAN JEWS DON’T FIGHT FOR ISRAEL

 

Israel’s deputy foreign minister Tzipi Hotovely attacked U.S. Jewry in an interview with i24 News on Wednesday.  Hotovely referred to American Jews as,  “people that never send their children to fight for their country, most of the Jews don’t have children serving as soldiers, going to the Marines, going to Afghanistan, or to Iraq. Most of them are having quite convenient lives…” It’s true that there are almost zero Jewish soldiers in the Army, Air Force, Navy, or Marines. The statistics are secret though!!!  However, there are very few Jews in prison, especially state prisons. Jews are not prone to violent crime, rape, murder, and assault. They generally go to jail for financial crimes and drugs. Drugs should be legal, so that is no  criticism. You also don't tend to find Jews on welfare and food stamps. On the other hand, Israel is by far the largest recipient of our foreign aid. Why can't they stand on their own two feet?


EGYPT REFUSES TO TALK TO US ANYMORE

 

Egypt is the Big Fish in the Mideast. We bribe them with massive amounts of foreign aid to leave Israel alone. Remember that Egypt is huge, and almost all Muslim. Now that Zionist sock puppet trump declared Jerusalem  the capital, the whole Midest hates us- except Saudi Arabia of course. In fact, almost the entire world hates us. The U.N Security Council condemned this evil declaration. Egypt flatly refused to meet with Vice President Pence, and may well shut off all diplomatic ties. They should.

 

WAR WITH LEBANON IS NEXT ON THE NWO AGENDA

Why hasn't the media reported this? Things are heating up badly in Lebanon, and Israel wants us to put an end to them, as well as Syria and Iran.

 

RENTS ARE FALLING IN THE MOST EXPENSIVE CITIES

 

Rental prices are just as important as housing prices to reveal the true economic health of a city. Rents are falling for the simple reason people just can’t possibly afford to pay such extortionate prices for a roof over their heads. These are the 12 most expensive rental markets. You can see how the rents are falling. The point here is this proves a housing crash is already happening. This will be much worse than 2008.


117 YEAR CHART SHOWS EXTREME DOW BUBBLE

 

Just try to find the 1929 crash on this chart. You can barely see it. The coming crash will be the worst the world has ever dreamed of by far. Things were reasonable until about 1980. The last 37 years have been absolutely insane. Look at the 2008 crash. That was just a warm up, a warning, a portent of what’s to come. Look at this 117 year chart to see how incomprehensible the Dow stock bubble really is.


Look at this 47 year chart for another view of the bubble.



CALIFORNIA BACKGROUND CHECK TO BUY AMMO

 

As goes The People's Republic, so goes the nation. in 2018 you will need a background check to buy bullets. Remember, the liberals will ban bullets before guns. Better to have one gun and 1,000 bullets, than 1,000 guns and one bullet. This law won't even begin to work. Criminals and gang members will get their friends and relatives to buy ammo for them. This is just one more step to a complete gun ban. It is only a matter of time before we have the same gun bans as Canada, Europe, Australia. Mexico, Central America, South America, all of Asia, the Mideast and Africa have always banned guns basically.  Buy all the ammo you can afford, and store it in a cool, dry place in waterproof packing.  Private sales are banned. High cap magazines (i.e. over 10 rounds) are banned. Any kind of real military style rifle is banned. Soon, all guns will be banned.

 

AUSTRALIA USES MEGA BATTERY TO SUPPLY ELECTRICITY!!!

This isn’t a joke. South Australia has the most expensive utility and electrical bills in the civilized world…and the worst, most unreliable service. Their electrical rates are triple what we pay in the U.S. They just installed a huge 100 megawatt lithium-ion battery built by Elon Musk. The price is a secret. It probably cost about $250 million. IT HAS TO BE REPLACED ABOUT EVERY FIVE YEARS. Disposing of it is an ecological nightmare.  It is powered by windmills!!! Seriously, this is not a joke. Windmills have failed all over the world, because they don't work. This asinine battery will only supply 30,000 homes with MINIMAL energy for one single hour. One hour. Emphasis on "minimal", as in having your lights and TV on. It's hard to comprehend white people are this insane. Windmills and batteries wouldn't supply one single home, much less tens of thousands.  Their standard of living is miserable. They have adopted most all the major planks of communism and are busy adopting the rest. This used to be  prosperous country.

 

NORWAY TO DECRIMINALIZE ALL DRUGS

 

Norway is going to decriminalize the use and possession of all drugs. A growing list of countries are doing this. All drugs were legal in America for 137 years until the Harrison Narcotic Act of 1913. We could empty 1/3 of our jails overnight. The false "allure" of forbidden drugs would disappear. DRUG USE WOULD FALL. ADDICTION WOULD FALL. HIV infection and overdose deaths would fall as well.

 

ORWELL WARNED US

 

History is being erased in the "memory hole".



CONCEALED CARRY RECIPROCITY PASSES HOUSE!!!

The impossible has happened. If this passes the Senate, you will be able to carry your pistol concealed in anti-gun states like Massachutsetts, California, New York, and Hawaii. 210 House Republicans voted for this, but only 3 Democrats. HOWEVER, there is a catch to all this. The Fix NICS bill was added to this as a package. This is bad news. You can lose your gun rights for literally having an unpaid parking ticket. That is not a joke. ANY warrant at all, no matter how small, will result in loss of your gun rights. There are about 16 million Americans with CCWs. That is 1 in 12 adults.

 

JIM ROGERS FINALLY JOINS US

Finally, Jim Rogers has joined us. He declared silver is the best investment on earth.  Well, it took him a long time to figure that out. Better late than never. If he was one of us, the media would never put his aging face on CNN, CNBC, etc.

 

GERALD CELENTE IS A FRAUD

 

It has been enjoyable reading Gerald and his Trends Journal. He finally exposed himself as a total charlatan though. He is pushing Bitcoin and cybercurrencies. He says they are no longer fads, but are now “trends”. He says people who criticize them as Tulipmania are ignorant of the true facts. Folks, this is an obvious litmus paper test. If a writer pro-motes cryptos they are crooks and fools. That simple.

 

U.S. DOLLAR NO LONGER WORLD RESERVE CURRENCY

 

Never forget that the only real money is gold and silver. Everything else is merely paper currency, fiat "money". ALL CURRENCIES FAIL. The Pound Sterling was the reserve currency and backed by silver bullion. That failed. The U.S. dollar is failing and will soon be worthless.


VENEZUALA GOES CASHLESS

 

The Venezuelan Bolivar is worth a few cents now. Hyperinflation has destroyed the entire country. The brain dead citizens have voted for socialism and communism for decades now. They get what they damned well deserve. If they all die today, the world will be a better place. Life is tough, and it's even tougher if you're stupid. Commie Maduro said the entire country will be cashless and the Bolivar discarded. This will be re-placed by the Petro, and supposedly backed by their oil reserves. Baloney. How are poor peasants going to use digital currency? How are poor uneducated people going to transact digital sales? This country is blessed with good soil, mild climate, vast natural resources, and massive amounts of oil. It should be a paradise! Socialism and communism has destroyed them. They are literally starving to death down there. Good! Let them keep starving and improve the gene pool.

 

COT REPORT IS STILL TERRIBLE UNTIL THE 15th

 

The big banks were still up to their ears in gold and silver short futures as of the 8th.  You can see by the silver COT report below how bad it was. (The purple lines are short positions.) All this changed dramatically on the 15th. Hooray!!!


On April 28, 2011, almost seven years ago, silver hit $49. It is now $16.

The COT report on the 1st the big banks added 21,000 gold shorts. On the 8th they dropped 25,000 gold shorts, and are down to net short 46,000 silver shorts. On the 15th things suddenly were on our side. 24,000 net gold shorts were dropped. 22,000 net silver shorts were dropped. Now the Big Banks are only net short 119,000 gold, and 25,000 silver contracts. It is a 6 year, 9 month bear market in the metals today, but all that is changing. The COT report is dramatically improved. The HUI has made a quadruple bottom. If this holds, it is a powerful sign. Just remember silver bottomed two years ago in December of 2015.

 

ALL CYBERCURRENCIES ARE WORTHLESS JUNK

CNBC says Bitcoin will go to $1 million!!! Yes, seriously, James Altucher claims it will go to $1 million. Well, the sheeple went crazy and bought more.

 

After a decade of monetary laxity, money and even bitcoins, fiat currencies have become a market commodity like tulips during the 1687 Dutch mania. Bitcoin has become an investment mania, made for the times and the craze has dwarfed the tech bubble. Who can trust the value today? Bitcoin or digital currencies are a man-made product created in minutes with a click. Like fiat money, there are no limits to production, no guarantor and consequently, of no lasting value. Ironically, undeterred by warnings that this electronic currency is a bubble waiting to be burst, bitcoin is a currency without a country. When investors can borrow to hedge bitcoins or when Wall Street creates the newest digital cyber-currency derivative, only then will we discover bitcoin’s intrinsic worth.

Remember that obnoxious pretender Max Keiser? He’s now promoting Bitcoin. He promises it will go from $8,000 to $100,000!!! Get it? Money from nothing. Get rich quick without working. Tulipmania all over again. "Something for nothing, and kicks for free", as Dire Straits sang about 30 years ago. This is what Mad Max said:

“Bitcoin is a gift from God to help humanity sort out mess it has made with it’s money.” He actually said that, and wasn't joking.

The only real money is gold and silver. Even platinum and palladium cannot be freely traded, although they certainly have intrinsic value. Government currencies are supposed to be backed by silver and/or gold. The U.S. dollar had some backing until the 1913 Federal Reserve Act. The gold was stolen and the silver disappeared over the next few decades. Finally the charade was ended when Kennedy closed the silver window, and Nix- on closed the gold window. Anyone who calls fiat currency or cybercurrency “money” knows nothing about economics at all.  All currencies are temporary and fail in the end. Cybercurrencies have no backing whatsoever. They are merely computer entries with no value at all in any way. This just shows the world has gone insane.

 

 

RON PAUL SUCKS

Ron Paul has been promoting cybercurrencies as "alternatives to the dollar". He just took a poll of his followers. Where would you invest your money if you had to keep it there for the next 10 years? They overwhelmingly chose Bitcoin over gold!!! That's how stupid they are. He also works with Goldco. They sell you gold baked IRAs. Sounds good on the surface, right? Well, it isn't. When the government seizes your IRA or 401k, they won't care what form it's in. Plutonium, diamonds, wampum (look that one up), or ivory tusks, they're going to steal it from you, and give back worthless Treasury annuities. There is no more libertarian party in America. More signs of End Times. Every one of the 535 people in Congress are Zionist controlled crooks and psychopaths. Blame the American voters for this rampant evil. Government is merely a reflection of the people.

 

THREE PEOPLE OWN MORE THAN 160 MILLION PEOPLE

 

This is not at all due to free market capitalism. We are now governed by CRONY capitalism, a criminal enterprise.



YOU REALLY HAVE NO CHOICE BUT SILVER

 

Don't whine about low silver prices. You've had almost seven years now to load up on the most undervalued asset on earth. Yes, it's frustrating, and you get tired of being patient year after year. Bitcoin is an insane mania. The stock market is another insane mania. Real estate is going to crash. Bonds are going to crash. DERIVATIVES are going to destroy the world economy. The dollar is racing to zero, along with all the other world currencies. Silver is 6 or 7 times better than gold. There is no choice. You don't have a choice. Be right and sit tight. There is nothing else to do. Buy value and hold for the long term. The best value on earth is silver.

 

2018 is going to be the most dangerous year in American history in 242 years. Yes, that includes World War 2. America, the Great Satan, wants to bomb Iran, North Korea and a long list of other countries. The whole world is tired of our evil. Be ready, be prepared for anything and everything. This is just good common sense. Be 100% invested in silver bullion you hold yourself. Sell your IRA or 401k, and buy silver. Sell your stocks and bonds. If you live in a city or crowded suburb, then move.

See you January 1, 2018.




Copyright © 2008 Economic Rant. All Rights Reserved.