Late May 2019 Economic Rant

“To disarm the people…is the most effectual way to enslave them.” – George Mason 1778, the father of the Bill of Rights

THREE STAGE HOUSING COLLAPSE BY 2030 TO $40,000!!!

Steve at www.srsroccoreport.com predicts a massive three stage housing collapse. First, he sees the average home price fall from the current insane $337,000 to $200,000. Then he sees it fall to $100,000. Finally, by 2030- only 12 years from now- he feels the median home will sell for only $40,000. We have been predicting the median home will fall to $100,000, but he has us beat on this one. Don’t shrug this off; he may well be right. You can read the entire article on his website. The median home price has recently skyrocketed 53%, but the median salary has only gone up 21%. What can’t go on, won’t go on. You’re going to see the worst housing crash this country has ever seen, even if it takes the next 12 years to do it. America is no longer a country of home owners. It is now a country of renters and apartment dwellers. Millions of apartments are being built all over the country as you read this. This endless apartment building has ruined the lovely town of Wilmington.

From Rabbi Reichorn, in Le Contemporain, July 1st, 1880 :

“We shall drive the Christians into war by exploiting their national vanity and stupidity. They will then massacre each other, thus giving room for our own people.”

VENEZUALA IS NONE OF OUR BUSINESS

We are outnumbered, outgunned, and outnuked BY FAR. We’re a failing toothless tiger roaring with nothing to back it up. We’re the World Warmonger, and we’re going to be destroyed when WW3 starts. Only the U.S., Israel, Saudi Arabia, France, and the U.K. are the Evil Empire coalition. Germany is wisely leaving us and siding with Russia. The rest of the world hates us. We have no friends or allies anymore. The rest of the world is sick and tired of American warmongering and imperialism. We are collapsing badly after 242 years, and will soon be a Third World backwater like the U.K.

THE CASHLESS SOCIETY KEEPS MOVING FORWARD

Very simply, for those who haven’t figured it out, this is the way the “elite” work – create a False Flag event, roll out the MSM propaganda to convince the gullible masses their government can do no wrong, go in and take what you want. – – “You never let a serious crisis go to waste. And what I mean by that it’s an opportunity to do things you think you could not do before.” – Rahm Emanuel, former chief advisor to President Obama

J.P. MORGAN HAS 750 MILLION OZ OF SILVER, 20 MILLION OF GOLD

Follow the winner folks. Old J.P. actually has 750 million ounces of physical silver bullion in their vaults. They also have 20 million ounces of physical gold bullion right next to that. This is the largest hoard on earth. Do you want to follow the winner? Silver is the most undervalued asset on earth. The metals and miners are in a current 3-4 month bear trend. Silver may well fall to $14 in the next 60 days. Your poor old author dumped his shorts with a 40 cent profit ($15.05 to $14.65) and re-entered 2 days later at 30 cents higher ($14.95). This isn’t over. The Final Bottom probably won’t occur until this Fall. The COT report on the 3rd the commercials net gold shorts rose dramatically to 88,000. Their net silver shorts were about the same at 21,000. On the 10th gold went up to 96,000 net short and silver dropped to 16,000.

“Significant events are preceded by signs that they are about to happen.”
We know what is going to happen. We know what is ahead of us. If you’re paying attention, you can see the future. We don’t know WHEN though. That’s fine. Just be prepared and don’t worry about “when”. BE PREPARED. Be ready for whatever is ahead of us. 99% of everyone in America has no idea at all what is ahead of them. They don’t want to know either. They aren’t prepared for anything at all. This means you can survive and thrive during the Much Greater Depression.

Unemployment falls to 49-year low- ha, ha, ha

The media is telling people the unemployment rate is the lowest in a half century. The sad part is 99% of the sheeple swallow this crap. The real unemployment is north of 20%. Actually it is worse than that. Many people have simply given up on finding a job and are not listed as unemployed.



CHARACTER IS DESTINY

The older you get the more you realize most people are just no damned good. Trusting others is usually a huge mistake. Hasn’t this been true in your life? You just can’t believe how evil, sneaky, dishonest, and crooked other people are. It can take a long time to learn your lesson here, too. The older we get, the more we prefer dogs to people actually. This is not cynicism, but merely how things are. 2,000 years ago Heraclitus said, “character is destiny”. Live by that- CHARACTER IS DESTINY. The evil people that stabbed you in the back are miserable, and doing very badly. Never forget that. Yes, living well is the best revenge. You reap what you sow. You cannot escape karma. We all get what we deserve in life eventually.

WOULD JESUS BE PRO-GUN TODAY?

Jesus was pro-sword. That sword equals semi-automatic rifles today. That is not a joke. 2,000 years ago he told his disciples, “And he that hath no sword, let him sell his garment, and buy one” (Luke 22:36 KJV), He was instructing them to obtain the most modern and effective self-defense tool available to them at the time:..the Roman short sword. Today, 2,000 years later, that would equal a semi-automatic rifle. Ministers never quote Luke 22:36 for some reason. Jesus actually wanted his disciples to be armed- AND THEY WERE ARMED. Jesus and his disciples traveled with swords. Swords were the ultimate weapon back then. Just like crude, unreliable, inaccurate flintlock rifles were the Ultimate Weapon when our Founding Fathers signed the Bill of Rights. Those old flintlock rifles are the only reason we are not the United States of England. If the Bill of Rights was written today it would be clear that owning semi-automatic rifles (they are not “assault weapons”) are your inalienable right.

MAJOR RESTAURANT CHAINS MASSIVELY GOING UNDER

Papa John’s
Chipolte
Outback
Carraba’s
Bonefish Grill
Subway
IHOP
Noodles & Co.
Joe’s Crab Shack
Ruby Tuesday
TGIF
Cheesecake Factory
Buffalo Wild Wings
Old Country Buffet
Hometown Buffet
Sonic
Qdoba
Jack in the Box
Fuddrucker’s
Applebee’s

WHAT IS REOLOGY? WHY SHOULD WE CARE?
Reology is a major real estate company. They are a good barometer of the housing market. Well, this fine barometer is telling us the real housing market is ready to collapse. The stock price dropped from $26 to $9 in only one year. If you want to know more about them go to Wikipedia or their website.

$26 to $9 in only one year:

Thanks to Edgar for this fine chart.


MAJOR RETAILERS FAILING BADLY, CLOSING STORES

Gymboree
Target
Bed, Bath & Beyond
Chico’s
Victoria’s Secret
Charlotte Russe
Payless Shoes
Foot Locker
Kmart
Sears
J.C. Penney
Lowes
Amercrombie & Fitch
Kohl’s
Starbucks
Family Dollar
J. Crew
Macy’s
Lord & Taylor
Gap

HOUSE BILL HR5 FROM THE NWO

This bill prohibits discrimination based on sex, sexual orientation, and gender identity in areas including public accommodations and facilities, education, federal funding, employment, housing, credit, and the jury system. Specifically, the bill defines and includes sex, sexual orientation, and gender identity among the prohibited categories of discrimination or segregation.

120 MILLION BODIES A YEAR WASTED

Each year over 60 million people out of about 7.6 billion people die. (The official figure of 40 billion is mathematically ridiculous.) About 130 million are born. Nearly every one of them is either buried or cremated. The is an enormous ecological waste. Dead bodies are fertilizer. “From dust to dust.” Once we leave our holy temple of consciousness, our bodies should be retuned to nourish the earth. Our insane religious and cultural rituals are responsible for all this. Washington state is now going to compost dead bodies. Many people were shocked when zerohedge reported this. The problem is that the government will do it, and then charge over $5,000. What are the alternatives? Well, we could bury them at sea with a cotton shroud and rocks for weights. There are almost 200 million square miles of ocean on this earth (71% of the surface). Each body would have about a square mile and a half. The ocean would recycle them perfectly. The problem is transportation to the oceans, and then ships taking them far out to sea. Another ecologically sound plan is to bury people (again, in a cotton shroud) three feet deep in open fields. Plant a beautiful tree over their body. Yet, another idea is to bury these bodies in an open field three feet deep, wait 10 or more years to total decomposition, and then plant crops over them. Dead bodies should nourish the earth and further the ecology. No, there is nothing “creepy” about any of this. Ecclesiastes 3:20 says, “All go to one place: all come from dust and return to dust.” Genesis 3:19 says, “For dust you are, and to dust you return.” The person who left their body is now in the next dimension. All this nonsense about embalming and expensive caskets is the ultimate insanity. None of it makes any sense at all. Did you know the singer Aretha Franklin spent $30,000 on her solid brass casket, PLUS the extreme funeral expenses? Cremation not only wastes the ecological value of the body but it is expensive and uses immense amounts of fuel. Really immense amounts of hydrocarbons. What an economic loss all this is. The ovens cost about $250,000 and need regular maintenance. We should legalize burying people in your back yard and planting a remembrance tree over them. We have a myriad of crazy laws regarding dead people and burials. More myriad laws about funeral homes. Who gets over on all this? THE FUNERAL PARLORS AND CREMATORS. That’s who.

“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.” — Thomas Sowell

DENVER DECRIMINALIZES MAGIC MUSHROOMS

Amazingly enough, the city of Denver decriminalized psilocybin mushrooms. This barely made it with a 50.6 to 49.4 vote. California and Oregon will follow. The Netherlands legalized- not just decriminalized- mushrooms long ago WITH NO PROBLEMS. They are freely sold in stores. For 137 years all drugs were legal in America until the onerous 1913 Harrison Narcotic Act. Until then you could just walk into the drugstore and buy cocaine, marijuana, heroin, morphine. amphetamine, and a long list of other drugs. Only a very few per cent of people had a dependence problem. They were not criminals, but they were shunned, rejected and marginalized generally. Nixon’s War of Drugs had nothing to do at all with drugs- IT WAS A WAR ON FREEDOM. This turned American into the World Police State. Now we have less than 5% of the world population but 25% of the prison inmates. Most states now allow people to smoke marijuana. Washington DC allows you to grow it and transfer up to two ounces. Marijuana makes you stupid, foggy minded, and unmotivated, but it’s your right as an adult to smoke it. Putting people in jail for it is insanity.

EGON VON GREYERZ IS ANOTHER BOTTOM CALLER

“Gold and silver are finalizing their correction now. We might have seen the correction lows already. If not they should happen in the next 2-3 weeks. The gold-silver ratio just made a new high above 87 and reversed quickly last week. They are coiled like tight springs ready to explode” He’s wrong. The HUI just made a 6 month low. The metals and miners are in clear 3-4 month bear markets. There is nothing but air for support. Don’t expect the Final Bottom for about six more months. Here he shows back in that Magic Time of 1970 the debt to GDP was only 34%. Now it is 105%. Actually it is much worse, since we lie about both our debt and GDP.

Egon is a great guy, and you should definitely read his free weekly newsletter. He’s very smart and very articulate. The Final Bottom is not in, and won’t be in this month. Look for the Final Bottom this Fall. There is an old saying about gold and silver, “sell in May and go away”. Things are very bearish short term. Watch the HUI for direction. Go to subscriptions@goldswitzerland.com and sign up. Here is another example from his latest:

Back in that Magic Time of 1970 the dollar was backed by gold and silver and gold was $35. Silver was a $1.25. That is not a misprint. Now gold is $1,280. That is a 97% real loss in the dollar. Gold and silver are the only real money. Currencies are not money unless backed by silver and/or gold. Today none of them are. for the first time in the history of this earth all currencies are worthless toilet paper.

SENILE BUFFETT GOT SNOOKERED FOR 1/3 $BILLION

Senile in Omaha is 88 and should have retired a long time ago. In his great investing brilliance he bought up a third of a billion dollars (folks, that’s a lot of money) in a scam company DC Solar. He an equally senile Charlie Munger couldn’t see it was an obvious criminal enterprise. People came from around the world for his famed annual conference in Omaha this month. His speech (the center of the conference) is so dull you really can’t listen to it. Don’t even bother to listen to an old man like him babbling.

NORMAN THOMAS PREDICTED THIS OVER 50 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.
I no longer need to run as a presidential candidate for the socialist party.”
– Norman Mattoon Thomas (1884-1968). Six-time presidential candidate for the Socialist Party of America.

Note carefully what he said, “I no longer need to run” for president. The war was won over a half century ago. Under the names of “liberalism” and “progressivism” they won the war. Socialism has now taken over America. You can vote for the communist Democrats or the Socialism Republicans. Actually it is just the Republicrat Party. (There is no more Libertarian Party.) Voting is a bad joke. Mark Twain said if voting mattered we wouldn’t be allowed to vote.
For the first time in 5,000 years of recorded history there is not one square foot of freedom on this earth. THAT PROVES THIS IS END TIMES. We live on one big Prison Planet. 7.6 billion prisoners who have come to love their slavery.

WORLDWIDE SILVER PRODUCTION IS FALLING

This chart only covers 20 years, but silver production worldwide just never falls. It always goes up for the fact silver demand keeps going up decade after decade. With rising demand, falling production, less scrap, and below mining costs prices HOW CAN YOU LOSE? Answer: you can’t lose. The worldwide mining costs average over $16, yet the spot price is under $15 and falling.

SILVER SUPPLY IS DISAPPEARING

This 70 year chart shows that silver supply is disappearing for the FIRST TIME IN 70 YEARS. Silver supply has never ever fallen because demand has been increasing during all that time.

EVEN SILVER SCRAP IS DISAPPEARING

ONLY 18% OF SILVER IS FOR INVESTING

The average age of the world’s greatest civilizations has been two hundred years.
These nations have progressed through this sequence:
From bondage to spiritual faith;
from spiritual faith to great courage;
from courage to liberty;
from liberty to abundance;
from abundance to selfishness;
from selfishness to complacency;
from complacency to apathy;
from apathy to dependence;
from dependency back again into bondage.

Sir Alex Tyler, Scottish Jurist died 1813

UNIVERSAL STUPIDITY TEST

Get on a commercial airplane anywhere in the world, large or small, it doesn’t matter. Now watch the sheep board. They are too stupid to put their bag in the compartment and sit down. Now it gets even better. Watch them deplane, and they are TWICE as stupid. They are absolutely incapable of standing up, taking their bag, and walking down the isle. While we’re talking about flying, the airlines are now offering to board you with you BIOMETRICS!!! Yes, they’ll take a photo of your face, put it in their files and your facial scan will stay there. Folks, soon all your biometics (including the ultimate- iris scan) will be on your drivers license. We will have a national ID card whether we want it or not.

WE ARE PLANNING TO INVADE IRAN

Many years ago we warned you America was going to invade Iran for the Greater Glory of Holy Israel. Iran has a constitution. Iran has no nuclear weapons. They get inspected regularly. They haven’t started a war in over 500 years. Israel has no constitution. They are not the “only democracy in the Mideast”. They are a hard core Marxist theocracy. They have the largest stockpile of nuclear weapons in the Mideast. They never have ever been inspected. They start endless wars and use Americans to fight them. China and Russia are not going to tolerated an invasion of Iran.
Stay ready, be prepared, you know what is ahead of us. Prep and prep some more.