Economic Rant

August 15, 2018

All good things come to him who waits -- provided he knows what he is waiting for.

YOU WILL NEVER SEE THIS CHART ANYWHERE ON EARTH

 

This 60 year housing starts chart is ADJUSTED FOR POPULATION. You can search all day online, and you will not see this anywhere but here. This came from Advisor Perspectives. All housing start harts just state the number of homes being built. They never adjust it for population. Well, back in 1960, there were only 180 million people in America. Now there are over 320 million. Reporting housing starts without adjusting for population is simply dishonest, misleading, and confusing. AMERICA IS GOING TO HELL ON A GREASED SLIDE!!! Housing Crash 2018 is already happening as you read this. Today, now, not tomorrow. Look what happened in 2008. Now, just try to imagine what is going to happen this time. It is going to be a historical disaster. The building rate is going to drop to 0.1% , when it normally used to be 0.8%. ONE EIGHTH OF THE HOMES. That is an 88% drop in home building. Read that again- an 88% drop in homes being built over the last half century is almost here.


AMERICAN SOCIALISM WAS PREDICTED 70 YEARS AGO

 

“The American people will never knowingly adopt socialism. But, under the name of “liberalism”, they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened”.  - Norman Thomas (U.S. Socialist Party 1948)

 

3-D PRINTED GUNS ARE A MEDIA LIE- THERE ARE NO PLASTIC GUNS

 

Folks, there are no 3-D printed guns! What a load of crap. 3-D printers can only produce cheap useless plastic toys that break easily. Yes, you can legally buy an 80% finished high strength polymer lower receiver, and mill it out. However, you need a milling machine, and know how to use it well. You also need a steel upper receiver, steel barrel, steel firing pin, and steel spring. There is no 3-D printer on earth that uses high-strength polymer, much less aluminum. Does this piece of one shot plastic crap below look like a real gun? A plastic barrel? Plastic firing pin? Plastic spring? What a joke!!!!! Anyone can buy a powerful and effective black powder gun by mail, and that is infinitely more effective. In the last 50 years almost zero crimes have been committed with a black powder gun.

THERE ARE NO 3-D PRINTED PLASTIC GUNS!!!




Folks, it's pure coincidence that Specter, Schumer, Feinstein, Emanuel, Bloomberg, Box, Rendell, Lautenberg, and Levin are the biggest gun haters in Congress. It's a matter of record that every Jewish Senator and Representative votes anti-gun all the time, every time. The Jewish population is only 2.5%, but 10% of the Senate is Jewish, and 7% of the House is Jewish. Every single one of them votes anti-gun all the time, every time. The nine shown above are a fraction of 29 total. Abolishing the Second Amendment is a cornerstone of socialism, communism, Marxism, and totalitarianism.

 

FAIRY DUST AND TAX THE RICH = FREE STUFF AND A POT OF GOLD



Here is horse faced, low I.Q. Alexandria Ocasio-Cortez explaining economics. She is a black woman who processes her hair and pretends to be a Latino. She claims to come from poverty in the Bronx, but was actually raised in very affluent Westchester County, NY. Her IQ is on the level of Nancy Pelosi or Maxine Waters, and her education is near non-existent. The Washington Post did a fact check on some of the things she says and it was just appalling. For example, she says almost everyone in America has two jobs and works 60 hours a week or more. Actually, only 4% have a second job.

 

AMERICAN STANDARD OF LIVING RACES TO THIRD WORLD LEVEL

This is the real minimum wage priced in gold. The same would be true of silver.


In 1938 the Federal Minimum Wage Act was passed, setting it at 25 cents an hour. In 1970 the minimum wage was $1.60. Oil was $3.50 a barrel (not a typo). It's been $7.25 since 2009. Some states are now raising that level. THERE SHOULD BE NO MINIMUM WAGE WHATSOEVER. Let the free market set wages and prices.

 

LOOK AT THE MONEY SUPPLY!

 

Since 1970 we have printed endless counterfeit "money" 24/7.


WAGES ARE GOING DOWN

 

Here are average wages priced in gold. Again, the same would be true of silver. After 1970 the American standard of living went completely to hell.


BUFFETT INDICATOR SAYS STOCK CRASH IS DUE

 

When Senile in Omaha was younger, he really was a good investor. He developed the Buffett Indicator. You take the value of all the stocks (in any country) and divide it by the GNP. Under 100 and stocks are cheap. Over 100 and they are overvalued. It is now 149%  for America. History shows his simple indicator works and works well.  When the dot.com bubble burst in 1995 for 6 years it was 145%. This is a reliable diagnostic tool.

 

TESLA IS OVERDUE FOR A TOTAL COLLAPSE


Tesla (TSLA) is about to collapse. There are only so many fools in the world, and it seems that all of them have bought Tesla stock. It is now 350 despite losing money from day one. They just had the worst quarterly loss ever! They have a market cap of $50 billion, and are larger than Ford Motors!!! They supposedly manufactured 17,000 Series 3 vastly overpriced golf carts, but didn't deliver 1 of them? What? Where are they? When Tesla crashes, it is going to be the Crash of a Lifetime. Conman Musk says Tesla is going to go private, and he will sell it at $420 for $70 billion. How can you sell a worthless $50 billion company for $70 billion? This is going to be a crash of historical proportions. The real question is how can he find so many brain dead people to invest in a company that has lost massive amounts of money for the fifth year now?

Facebook already crashed, and will keep crashing.

Amazon is hopeless, and held up with hot air and bubble gum. Google/Alphabet is 1,240 for no good reason at all. Microsoft at 108 is in fantasy land. Apple is also in fantasy land at 208. The FAAMG (formerly FAANG) stocks are mass insanity, yet people keep buying them. They make up HALF the S&P 100.


WHITE PEOPLE IN AMERICA- 63% AND FALLING

 

There are already five states where white people are now a minority. California, New Mexico, Texas, Nevada, and Hawaii. Many other states are racing to catch up. Soon American whites will be a minority.. Then we'll will be just another Third World poverty stricken police state backwater... like England. Until about 1940 "Britain ruled the waves", and was the World Superpower. Britain was the only empire on earth. Now it's a bad joke. America and Israel are the only two empires now. Both will totally collapse, just like all empires do. America was the last bastion of freedom in the world, until that Magic 1970 period.


GOLD AND SILVER ARE CHEAP

There is only $1.40 worth of silver for everyone on earth. Right, about 1/10th of one ounce, or just a few grams. Like maybe the same as three paper clips. That's all. That's how rare silver is.

 

METALS VS S&P 500 AT A NEW 92 YEAR LOW


The COT report on the 3rd was good overall. The Big Banks dropped 18,000 gold shorts, and are now down to only 45,000 net short futures contracts. The OI is 661,000. They added 4,000 silver shorts, and are now back up to 24,000 net short. The OI is a very bad 227,000.

The COT report on the 10th the commercials dropped 22,000 gold shorts and are now net short a mere 26,000 contracts. This is impressive- if true. The added 2,000 silver longs and are now 22,000 net short. The OI is up to 242,000. That is bad for us folks.

 

LESS THAN 1% OF TOTAL GLOBAL ASSETS ARE SILVER AND GOLD

 

Actually, it is only 0.64%. The Great Reset is coming. Derivatives, bonds, stocks, equities, and real estate are all going to collapse. There is only $409 worth of gold and silver apiece for the 7.6 billion people on this planet. $409 for everyone on earth.

 

 

ONLY $409 GOLD AND SILVER FOR EVERYONE ON EARTH


LIBERALISM IS A MENTAL DISEASE


THE HUI IS IN A 29 MONTH BEAR MARKET

 

Stop and look at the fact the HUI is in a hopeless 29 month bear market. SIL is in a 28 month bear market. Gold, silver, HUI, XAU, GDX, and SIL are all in long term bear markets. Yes, the HUI is actually in a 29 month bear market. You never pick tops or bottoms. You always go with the trend. Gold is going to crash thru 1,200. Silver is going to crash thru $15. It seems the commercials are going to get the prices as low as possible, dump their shorts, and finally go long. Expect lower prices. This Fall should be the Final Bottom. That is only about five weeks away. If the commercials go net long after more than 30 years of manipulation, we are all going to get rich. The real estate crash is ALREADY happening. The dollar crash is unavoidable. The bond crash is overdue. The stock market crash is just a matter of time.

NEWSFLASH: ON THE 14th GOLD AND SILVER DID CRASH

The very worst of all is the coming derivatives crash. The worldwide derivatives position is actually larger than the entire GNP of this planet. Yes, that insane. Right, nothing like this has every happened before. The derivatives collapse may be the last domino to fall. This will, in fact, take down the entire world economy- or what's left of it. Accumulate your money so you can buy even cheaper silver bullion this Fall. Right now the sup-ply is good. The supply could dry up overnight. Smart companies that use silver have bought their own mines. Fall is only a month away.

 

UP TO OUR EYEBALLS IN DEBT AND DROWNING

 

In the last 12 years Americans have simply gone insane living over their heads and spending more than they make. They live on credit, and have to pay INTEREST. Paying interest makes a pauper and a wage slave out of you. Just look at this chart! This is an exponential explosion in consumer debt. Thanks for Wolf Street for this.


SUBSCRIBE TO EGON VON GREYERZ

 

Egon von Greyerz is a really good man. You seriously have to get his weekly newsletter. He can see the future very clearly and doesn't mince words. However, he feels gold and silver will take off within the next five weeks. Don't bet on that. Precious metals look very dismal in the short term. This fall we can expect the Final Bottom after seven and a half years. Your poor old author is still short 20 silver COMEX contracts at $15.92. You can subscribe at goldswitzerland.com. Don't miss out on this.

 

REAL ESTATE IS CRASHING AS YOU READ THIS

CNBC actually reported, "Housing demand sees biggest drop in more than two years".

Bloomberg headlined, "The End of the Global Housing Boom". U.S. home sales in June fell almost 10%! Never forget that prices can fall much faster than they can rise. Short sellers make far more money if they choose wisely. You can make a fortune right now shorting the home builder stocks. The smarter idea, however, is to stack silver at $15- or less.

 

HOUSE PRICES HAVE EXPLODED 53% IN ONLY 9 YEARS


THE INTERNET WAS OUR LAST BASTION OF FREEDOM

 

The Internet was our last source of truth, reality, accurate information and actual facts. This is over. Facebook Apple, Google, youtube, Twitter, Stitcher, and Spotify now outlaw any conservative opinions. They ban any conspiracy theories or right wing

discourse. Even milquetoast kosher approved sell out spineless Ron Paul is banned.

Soon, we'll be like China, and you will go to prison for posting any politically incorrect speech.

 

 

HOUSING STARTS ARE CRASHING

Look at this six month Dow Jones Housing Starts Index (DJUSHB) chart. The housing crash actually started six months ago.

THE HOME BUILDERS ARE ALL GOING BROKE



All home builders are crashing! This is a list of the ten very biggest home builders in America. Horton, Lennar, Pulte, NVR, CalAtlantic, Toll, KB, Taylor, Meritage, and Hovnavian. Look up any of these charts and you'll see they are all crashing. THE REAL ESTATE CRASH STARTED MONTHS AGO. There are only a handful of financial writers in the world who are telling  you this today.

 

THE LIBERAL CREED

YOUR PENSION WAS BANKRUPT DECADES AGO

 

It doesn't matter if you have a private or a government pension- it was bankrupt decades ago. Just like Social Insecurity they are all totally and completely bankrupt. They have been stealing from Peter to pay Paul, but now Paul is broke, too. Below is a state pension chart right from Pew Charitable Trusts. This is true of town, city, county, state and federal pensions. It is true of all private pensions as well, and especially all unions. If you expect to retire on your Social Insecurity, government, or private pension you're going to starve to death in the street. Inflation has already destroyed HALF of your Social Insecurity check. Yes, you'll still get a check in the mail, but it just won't buy anything.

WAGE GAP WORSENING FOR 40 YEARS NOW

This chart is from the Economic Policy Institute and was published in the Washington Post. After 1980 the wage gap started to widen dramatically.

 

COLLEGE STUDENTS WANT TO REPEAL THE FIRST AMENDMENT

 

A Brookings poll of students found  half think "hate speech" should be prosecuted, and not protected. Half feel it is perfectly acceptable to shout down a speaker they don't agree with. Half say colleges should ban any kind of "offensive" speech. One fifth would use violence to stop a speaker they don't agree with. The liberals, communists, socialists, and progressives took over the schools and colleges decades ago.

Chris Murphy is a Democratic Senator from CT. He is a front runner for President in 2020. He may well be elected. He is just a male version of Hillary. He wants to repeal the 1st and 2nd Amendments. Why not make it easier, and just repeal the entire Bill of Rights? He feels you can have any opinion you want, as long as it agrees with his opinion.

Here is what he had to say about FREE SPEECH- the very foundation of freedom:

Our survival depends on abolishing the Bill of Rights?

 

"Infowars is the tip of a giant iceberg of hate and lies that uses sites like Facebook and YouTube to tear our nation apart. These companies must do more than take down one website. The survival of our democracy depends on it."

 

MORE UNDENIABLE PROOF A STOCK CRASH IS COMING ANY DAY



This is an (almost) 30 year chart of the S&P price to sales ratio. This is a most depend-able diagnostic tool, and cannot be manipulated. Look what happened in 2000. The ratio went to 2.3 to 1, and then the S&P 500 crashed!!! This crash took it down to a mere 0.6 to 1 ratio. Well, it was up to 2.4 to 1 and it is going to crash again. This time it could be much worse, and fall to 0.4 to 1 or even 0.2 to 1.



THE LIBERAL LIFE PLAN



"I am 25 yrs with a fine arts degree. No job. No insurance. On Food Stamps. And $20,000 in college debt. I AM THE 99%."

 

$200 BILLION HERE, AND $200 BILLION THERE....

99% of the sheeple actually think America's gold reserves are safe and secure. Actually, they were stolen over a half century ago. We have no  gold

1.     The 147 million ounces of gold supposedly stored in the Fort Knox Bullion Depository were stolen over 60 years ago.

2.     Our gold has not been audited since the 1950s and has never been independently audited.

3.     The U.S. dollar is completely worthless since it has no backing.

4.     The Treasury Department refuses to audit Fort Knox gold. If an independent audit was done, this would expose the whole scam.

5.     Some of the gold is encumbered, leased, swapped or simply fake plated tungsten bars.

6.     The sheeple don't know and don't care. They think you are crazy if you tell them the gold is gone.

WHY DON’T WE CARE ABOUT 147 MILLION OUNCES OF GOLD? WHY DON’T WE CARE ABOUT $200 BILLION?

 

ISRAEL IS NOW LEGALLY A JEWISH ONLY STATE



"Israel" has nothing at all to do with the Israel of the Bible. The correct name is PALESTINE. In 1914 there 675,000 Muslim Arabs, 81,000 Christian Arabs, and only 59,000 Jews. Jews and Arabs got along fine. Today there are over 8.8 million people in Israel, and 6.5 million of them are Jewish. The Knesset just passed a law that Israel belongs to the Jews, and everyone else is a second class citizen. It states:

“The right to exercise national self-determination in the State of Israel is unique to the Jewish people.”

 

WE HAVEN'T HAD REAL MONEY FOR A HALF CENTURY NOW

 

Before that Magic Time of 1970 we actually had real money. We  had real silver coins. We had real Silver Certificates.  Yes, the gold was stolen around 1950, but you could still trade your paper money in for silver. What used to be a Silver Certificate, is now a Federal Reserve Note. Well, they aren't federal and have no reserves. They print green toilet paper 24/7 out of thin air. Since they were formed 105 years ago, the value of the dollar has fallen 97%. Yes, the dollar is doing fine right now north of 96. All currencies are in a race to the bottom. No currency on earth has any value. This is why you have to put every dollar you have into silver and gold. No storage systems. No unsafe deposit boxes. No mining stocks, ETFs, or any form of paper silver.



Prep and prep some more. Be ready for what is coming. Be prepared. This is just common sense and not paranoia at all.

 

Always standing watch for you,

Roger

 

One last chart to prove you should sell all paper assets and buy silver bullion you hold personally...50 YEARS SILVER VS DJI










Copyright © 2008 Economic Rant. All Rights Reserved.