Economic Rant

November 30, 2018

"One of the saddest lessons of history is this: If we’ve been bamboozled long enough, we tend to reject any evidence of the bamboozle. We’re no longer interested in finding out the truth. The bamboozle has captured us. It is simply too painful to acknowledge -- even to ourselves -- that we’ve been so credulous."


The average person simple does not want to admit 9/11 was done by America and Israel. They don't want to admit no one died at Sandy Hoax. They don't want to admit Stephen Paddock didn't kill 58 people and wound 422. They don't want to admit all the fake shootings- are, just that, fake shootings. They don't want to admit we never sent a man to the moon. The don't want to admit our military are paid criminals who murder innocent people in sovereign countries for, "freedom, liberty, and the American way".  They don't want to admit Osama bin Laden died a decade before we "hunted him down". They don't want to admit that the U.S. is now the Evil Empire whose real president is Benyamin Satanyahu. They don't want to admit there is no gold in Ft. Knox or West Point. They don't want to admit the stock market is a house of cards held together with scotch tape and bubble gum. They don't want to admit every infant, child, and adult in America owes $600,000 in our national debt. They don't want to admit the real estate crash started last year. They don't want to admit that all 535 people in Congress are raving, foaming at the mouth, war mongering, soulless, evil psychopaths. Psychopaths they elected.

On the 16th the COT report was just as irrational as ever. The commercials added 36,000 longs, and are now a mere 2,000 net short. The added 14,000 silver longs, and are now a mere 5,000 net short. On the 26th (due to Thanksgiving) they added 21,000 gold shorts and 2,000 silver shorts. The silver open interest is down to 190,000. If you want to see the COT report for the 29th just Google, "November 29, 2018 COT report". (This is being sent out Friday morning.)

Let's admit the weekly COT report may not be accurate, as it is not independently audited. Sometimes you just have to ask why even both watching it. In the past months the report has been very erratic and irrational. The COT does, however, clearly indicate the metals are finally bottoming after seven and a half years (April 2011). Why, because of the very low numbers of commercial shorts overall.        



"The government was created to protect the nation from outsiders. The Constitution was created to protect us from the government."




"SIL" is the Global Silver Miners ETF. This is an excellent guide to how strong or weak silver is. We are in a seven and a half year bear market. This one year chart shows you silver is still falling. Economics 101: You don't pick bottoms or tops. You go with the trend, and never against the trend. WE ARE BOTTOMING. Silver is below the price of worldwide production. Be thankful. We should bottom in like the next 90 days. That is an educated guess, rather than a prediction. The commercials are going to dump their shorts, and go long silver commodity futures. JPM is going to buy more bullion to add to their massive hoard. Imagine what will happen when the Big Banks are finally on our side! Then we get our long awaited payoff. Silver will go to Pluto.



The U.N. should be abolished. At the least, America should completely and totally withdraw from it. At first it seemed like a "good idea" to have the nations work together to-wards peace. What a crock! Here is the global agenda: "Refugees and migrants are entitled to the same universal human rights and fundamental freedoms, which must be respected, protected, and fulfilled at all times." All cultures are equal and must be equally respected. Really? So, we should respect female genital mutilation in America like they do in sh*tholes like Somalia. The average I.Q. in Somalia, by the way, is 68. Yes, 68. At least 190 countries out of about 200 will sign this abomination of a document. In other words, a world without borders. One huge planet of 7.6 billion people with no more sovereign nations. When subhumans migrate from cesspools, you get a new cesspool.


"A free people ought not only to be armed, but disciplined.  But they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government."
- George Washington, January 8, 1790





Never forget that 51% of the voters chose Crooked Hillary for president. Well, they also just chose that stupid, horse faced openly communist Alexandria Cortez for the House of Representatives. Polls show a majority of millennials love socialism and despise "Evil Capitalism". Now all 7.6 billion people on earth have chosen socialism, communism, dictatorships, or kingdoms. For the first time in 5,000 years there is no freedom anywhere on this planet. Right there this tells you this is End Times. Never forget that Lenin said socialism is the bridge to communism.




On the 19th silver is 3,572,000 Bolivars in Socialist Venezuela. Right, that is three and a half million of their dollars per ounce of silver. Gold is 303,000,000 Bolivars, Right, that is three hundred million of their dollars per ounce of gold. This country should be a paradise. They are blessed with rich soil, good climate, lots of clean water, huge mineral wealth, and especially seemingly endless oceans of oil. Latinos love dictators, socialism, communism, and Big Government. They hate capitalism, free enterprise. free markets, responsibility, freedom, and prosperity. They always have and they always will. Look at any country south of Texas to prove that to yourself. For 5,000 years all forms of socialism and communism have failed miserably.


The way to get rich is buy something that is below the price of production. You can see the average  price of production worldwide by major mines is over $15. That means most all the mines are losing money. Silver is below the cost of mining it. How can  you lose on that? This isn't going to go on very long. What can't go on, won't go on. SILVER IS THE MOSTS UNDERVALUED ASSET ON EARTH. Yes, the price is probably going to go down short term in one last downdraft before and after Christmas.




You may be happy that gasoline is cheaper right now, but oil, copper, and lumber prices are collapsing. This is proof bad times are coming. These three are great economic indicators.




This is a 72 year price chart of oil. Again, we're back at that Magic Year around 1970 before the price took off eventually to $140 a barrel. It was only $3.50 a barrel back then. That's right, you read that correctly, the price of oil back in the early 1970s was about $3.50 a barrel. You didn't know that, did you? The true price of oil today should still be $20, not $53 (down from $75 in less than 90 days).

Oil is priced by POLITICS , not supply and demand. Never trade or invest in oil! We have oceans of oil all over the world, much of which is yet to be discovered. There is no "peak oil", "energy crisis" or anything of the sort. We also have endless oceans of natural gas. We have 1,000 years of known coal reserves right here in America. Plus endless tons of coal around the world. If things get bad, we have an almost endless supply of uranium.

The idea of an energy crisis is preposterous. The idea of using solar, wind, and biofuels is even more preposterous. They don't work, and never will work. Thanks to SRSrocco.



The CIA estimates there are about 1 billion guns in the world. 85% of them are personal, and only 15% military. This is very surprising. The NWO crowd wants 100% military,  and zero personal. Americans own 40% of all personal firearms in the world, even though they are a mere 4.4% of the population. Nine times statistical. Firearm sales exploded when Obama was elected. The problem here is that this 40% is very unevenly distributed. These are concentrated pretty much in the hands of gun enthusiasts. The NWO wants to put an end to American gun ownership, but how do you seize almost 400 million guns? You don't. Gun owners far, far outnumber the military and police combined. We are the last country on earth with any kind of gun freedom. Switzerland doesn't count, as they have government rifles for their national guard.  One fourth of Americans are gun owners. Until around 1970 we had much more gun freedom. Step by step by step guns are going to be outlawed. First the magazines and bullets. Then the semi-automatic rifles. Then the pistols. Then all of them. This talk about, "revoking the Second Amendment" is bone chilling. It's also proof liberalism is a mental illness. The main reason to own guns is protection from the government. Not home protection, hunting, sport shooting, or anything else- protection from the government.



The proof is overwhelming and inarguable that DEW technology is causing all the Commiefornia "forest" fires. Look at this photo. Cars are scorched, but the trees a few feet away are green and healthy. Folks, you cannot melt aluminum alloy auto wheels with any kind of normal fire. We have reported on this earlier. What is the motive though? Can't find a sensible answer to that question. The U.S. military is burning down people's homes and murdering them. Yes, "your" government is doing this. The liberals will probably blame Russia!!!




Global debt- especially derivatives- are up to about $3 quadrillion. (A quadrillion is 1,000 trillion.) This is over 40 times the entire production of the planet. Half the world lives on $2 a day. Seriously, about 3.6 billion people get by on two bucks every day. Four out of five live on $10 a day. Yes, 6 billion people get by on ten bucks every day. A mere 0.1% (1 in 1,000) of Americans have 25% of all the wealth in our country. All this is only going to get worse,  not better.




Jim Rogers is rich and successful, but he is not one of us. The word "silver" is not in his vocabulary. For a long time now he has said gold will fall to under $1,000, and he will gladly load up on it at that point. That would probably put silver under $12. Precious metals and miners are in long term bear markets. You never pick bottoms (or tops), and you never go against the trend. That is why your poor old author is still short silver futures. Gold, silver, SLV, GLD, HUI, XAU, and SIL are all in clear long term bear markets. Most all the "experts" have already called a bottom for gold and silver, and

said, "back up the truck". They're not looking good with $14+ silver as of the 29th.




Due to the lamestream uber liberal media Trump's popularity is down to 40%. If Hillary was president, and Americans were eating out of trash cans, her popularity rating would be reported as great. The real estate collapse is accelerating and will hit full force sometime in 2019. The coming stock market collapse is all too obvious to anyone who is paying attention. The DJI has gone up 400% in 10 years. That's 40% a year. This is the biggest stock bubble in history! Unemployment is rising, and the only jobs available are the low paying un-skilled fast food type. Major corporations like General Electric and General Motors are failing. The FAANG stocks lost a trillion dollars last week. Retail chains are closing down at a never before seen rate. Malls all over the country have already shut down, and the rest are failing. Americans are up to their eyeballs in unpayable debt. All this will be blamed on Trump. The Democrats haven't had one single acceptable candidate to run for decades now. Just a long list of openly communist morons. This time the Republicans won't have any reasonable choice either. Just try to name one. This is what America has come to!  The warmonger Republicrat party has no one at all to run for president. The Republicans can only offer neocons like Flake, Corker, Fiorina, Kasich, Sasse, Cruz, Romney, and Pence. How about Jewish (real name Chabenisky) Mark Cuban (from the Shark Tank TV show)? How about the fat ugly female Latino governor of New Mexico Martinez? How about foaming at the mouth neocon Nimrata "Nikki" Haley?

Bloomberg lives in a gated mansion with an entire team of heavily armed security guards 24/7. He doesn't want you to own a gun. Remember he passed a law in NY limiting the size of the soft drinks you buy.




This 70 year chart projects to 2035. There is no such thing as "fossil fuels". That's preposterous to think that the billions of barrels of oil and uncountable tons of coal were formed from rotting plants and animals. We cannot do without coal, oil, and natural gas. The problem with nuclear energy is the disposal of waste. There are very few rivers that can provide hydroelectric.  The 8% "renewables" are a total waste of time, effort, and money. Solar has been proven not to work at all. Biofuels take more energy to produce than they return. Windmills have proven for decades not to work at all. The new algae oil fuel is a bad joke. Renewables don't work and never will work.


The liberals have been predicting peak oil for well over 100 years now. There are oceans of known oil reserves all over the world. There are also oceans of natural gas all over the world. We have 1,000 years of known coal reserves right here in America. You can make any fuel you want from coal with the SASOL process. The problem is not energy at all- it is OVERPOPULATION. We have 7.6 billion people on earth, when we should have 0.5 billion. 93% have to go, one way or another. Imagine a world with only 500 million people. Imagine America with 22 million people. We simply cannot support 7.6 billion people on this planet. Areas like California are running out of water due to extreme over-population. Most of Africa is starving to death. This planet was meant for a maximum half billion people- not fifteen times that many.



New World Order- A generational global conspiracy among many of the elites of banking, media, politics, business, academia and Hollywood to gradually tear down the United States of America (and all sovereign nations) and impose a communistic world government dictatorship in its place. The elites of this Global Mafia are also referred to as the NWO, The Cabal, or Globalists. The legendary Rothchild Family has long been at the pinnacle of this movement which has been behind all the wars, social turmoil and economic hardships that have plagued humanity for the past two centuries.

America Firsters- The handful of aware people who hate Globalism and the New World Order. Also known as 'Nationalists."

Israel Firsters- An evil coalition of Jewish Zionists who seek to involve the U.S. in wars for Israeli expansion. They often clash with both the Globalists and the America Firsters. Also known as Neo Conservatives and Neo Cons.



Home ownership was always a pillar of not only the middle class, but the blue collar class. No longer. Everywhere you go today you see massive apartment complexes on every corner. It has become a cancer here in Wilmington. Too many to even count. Young people find it very hard to get a good job even with a college degree. The American standard of living is going completely and totally to Hell. More and more we are like socialist Europe with most people living in apartments like insects.


GOLD SHOULD BE $25,000 TODAY, AND SILVER $165 (15 to 1)

In 1980 the price of gold equaled the DJI. If you understand this chart, you understand the basic economic situation. This chart equally applies to silver. In only 12 years the DJI fell 87% vs gold. The same is true of silver. This time it will be much worse, even though the ratio right now is much lower. The same situation is true with derivatives, bonds, stocks, real estate, and all currencies.

This chart shows how many ounces of gold the DJI will buy. The DJI at, say, 25,000 will buy 20.8 ounces of gold at $1,200. If the DJI falls to 5,000 (an 80% drop) and gold goes to $10,000 then it would only buy 0.5 ounces of gold. That would be a 42X change. Yes, you can expect something like this in the future. This ratio was 1 to 1 in 1980. Yes, both the DJI and gold were 850. You didn't know that, did you? The fact it is 21 to 1 now is simply insanity. THE GREAT RESET IS COMING. Try and imagine a Great Reset of  a FORTY-TWO TIMES reversal of wealth. Those who own gold and silver will be fantastically wealthy, while everyone else starves in the street. Gold and silver will skyrocket, because they are the only real money on earth, and have been for 5,000 years of  re-corded history. Venezuela proves that today.



Home sales are down. Home inventories are up. Home prices are down. The homebuilders predicted the 2008 crash, and they are predicting the 2019 crash. Here is a one year Dow Jones Home Builders Index (DJUSHB). You can see the real estate crash started last year. The Home Builders Index predicts the real estate crash. The housing crash started last year. It is accelerating every day. Most all the major cities are now clearly experiencing strong beginnings of the crash. This one year DJUSHB chart proves it.



A sensible price to earnings ratio (P/E) is about 15 to 1. The current 34 to 1 ratio is completely unsustainable. Look at this rare amazing 150 year chart of the P/E ratio. What can't go on, won't go on.


One of the common failings among honorable people is a failure to appreciate how thoroughly dishonorable some other people can be, and how dangerous it is to trust them.

This 90 day DJI chart is obviously extremely volatile. It went up 600 points in one day. It went down 1,200 points in two days. Volatility precedes bear markets. You can see tomorrow if you just take a close look at today. The signs are very clear if you are paying attention. If you own stocks, sell them. Sell your IRA or 401k. Get out of paper and get into physical silver bullion you hold personally. No paper silver. No storage programs. No unsafe deposit boxes. Silver is the most undervalued asset on earth. Silver is now below the price of production. When Buffett was of sound mind, he said, the way to get rich is buy value and hold for the long term. He was right.





Hillary, can  you give us your best Monica Lewinsky impression?

See you in late December. Be prepared. Be ready for what is coming. We know what is coming, but we just don't know when.

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