Welcome to Roger's Economic Rant
March 2017 Economic Rant -Roger Mason
God takes care of those who take care of themselves. -Benjamin Franklin
NATIONAL DEBT IS 1,400% OF GROSS NATIONAL PRODUCT
We have a real national debt of over $200 trillion- not the fake $20 trillion the government trots out. Our GNP is down to probably $14 trillion, not the $18 trillion fake government figure. This means our debt to GNP ratio is an insane 14 to 1!!! This has never happened in 241 years of American history. A fourteen times debt to GNP ratio is totally out of touch with reality. The greatest depression the world has ever seen is right ahead of us. Imagine you make $10 an hour, but are $280,000 in debt. If you lived to be 1,000 years old, you could never even begin to pay it off. That is the situation we're in folks. We have a real national unfunded debt of about $200,000, not the ridiculous $20,000 figure you hear all the time. That could be paid off with time and austerity, and a return to free markets. Out GNP is down to probably about $14 trillion. The real debt is FOURTEEN TIMES THAT. All debts get paid all the time, every time. Either the buyer or the seller pays it off. Well, the government certainly isn't going to pay anything, because they're so bankrupt they can't see daylight anymore. YOU ARE GOING TO PAY THE $200 TRILLION DEBT.
Or, just imagine you make $12 an hour ($24,000 a year), but owe $336,000. Even if you paid it off at $100 a month, with no interest, it would take you 300 years to pay it off. With interest you would never pay it off. Also consider that GNP is not profit at all; it is merely total production without profit. That would probably equate to about 3,000 years to pay it off.
DEBT CEILING VOTE ON MARCH 15 IS JUST NOISE AND SMOKE
Many otherwise intelligent conservative writers are warning of “disaster on March 15” when Congress votes on raising the debt ceiling. 1) They have raised the ceiling dramatically for 50 years now. What else is new? They’ll raise it again, and keep raising it until we have a total economic collapse. The official $20 trillion nation debt figure is preposterous.
WORLD DERIVATIVES ARE $500 TRILLION
The entire world GNP is only about $75 trillion. The U.S. produces about 20% of everything in this world even though we only have 5% of the world population. Remember GNP is product, not profit. Derivatives alone are almost seven times the entire production of this planet. This is probably about SEVENTY times world profit on the GNP.
WORLD BONDS ARE $100 TRILLION
The world bond market is imploding as you read this. Bonds alone are 133% of the world GNP. Again, this is products produced, NOT PROFIT!!! This is probably about thirteen times the profit on the production of goods. Bonds are the largest legitimate market on earth. They are going to crash and burn and take the world economy down with them.
ONLY 1 in 15 ON NOBAMA CARE
Did you know only 22 million deadbeats are on Nobama Care? That's right. 303 million want no part of it. Only 1 in 15? Why even talk about it? Just get rid of it totally and completely. Notice, before the election Trickster Trump said he would, "replace it with Trump Care". Well, it's March now and he refuses to say specifically what Trump Care would mean. WE DON'T WANT ANY STINKING GUMMINT HEALTH CARE AT ALL. None. Zero. Gummint health care has failed miserably in every single country without fail. When Bill Clinton tells you, "it's the silliest thing" he's ever heard of, you know it is the worst of the worst. AMERICAN HEALTH CARE ACT IS JUST OBAMA LITE. All the essential elements of NobamaCare are still contained in the AMCA. It is just repackaged and relabeled Nobama Care. Six of one, half dozen of the other.
STUDENT DEBT IS 10% OF GNP
The GNP is down to probably $14 trillion. Remember this is the Gross National PRODUCT, and not the Gross National PROFIT. The student slave debt is up to an amazing $1.3 trillion and rising. All those government debt slaves living under a big black economic cloud that may never go away. A cloud most all of them will live under the rest of their lives. It takes brains, hard work, and ambition to get a real degree- not government loans. Many of them are so stupid they think the government is going to “forgive” their loans. Most of them will NEVER pay off the debt, and will literally die owing the government money. The government planned all this to make the snowflakes permanent debt slaves. The government collects the interest, or puts them in jail. Yes, they now go to jail for not obeying a court order to pay up.
GOLD, SILVER AND THE DOW
Gold to Dow ratio is 17 to 1 It was 1 to 1 in 1982
Silver to Dow ratio is a preposterous 1,166 to 1 It was 16 to 1 in 1982
35 years ago the silver to gold ratio was only 16 to 1. Now it is 70 to 1. This is why silver is four times better than gold. The stock market at 20,800 is a bad joke, and the joke is on anyone stupid enough to be invested in it. The insiders moved out long ago. Most people with a 401k or IRA have their entire life savings in the various stocks markets and bonds.
The stock markets today are much like the Florida Land Boom of the 1920s. If you don't know about this Florida disaster, just read about it in Wikipedia. Investors all over America bought land in the Miami area, and drove the prices to stratospheric levels. There was no value here at all. People were just waiting for the next sucker to buy at a higher price. Well, they ran out of suckers, and there was a massive collapse in 1925. Investors went bankrupt, and lost their life savings. Only empty ghost towns like Alladin City and Isola di Lolando were left. It's the same thing today with the stock markets. There's just no value here.
GOLD AND SILVER FELL AS PREDICTED
In the march Rant there was a warning the HUI was not confirming the metals, and a fall was expected. Sure enough gold and silver got hit hard. Well, look at the fact silver went up more than $2.50 in only 10 weeks without a break. Corrections are good and make for strong markets. Buy and hold and add on dips. JNUG got hit very hard because it is 3X leveraged. JNUG under $6 is a stunning deal with fun money.
60 YEAR SILVER CHART- $5 to $50 twice
AMERICA THE EVIL EMPIRE
America spends more on military aggression than any other country on earth. It is not "defense spending" in any way. We spent an amazing $600 billion last year. Russia only spend about $50 billion. China spent $147 billion, but they have four times as many people as we do. One fourth of that figure is a mere $35 billion. Now we are doing our best to start World War III with Russia. Never forget Russia and China have a mutual defense pact. Together they will decimate us in hours. Trump promised to promote peace over war mongering if he was elected. he lied of course. Now he wants to spend ever MORE on the military aggression. History shows us all empires collapse into Third World backwaters. America and Israel are the last empires on earth, and they will both cease to exist as we know them.
AMERICA THE WAR MONGER
In the last Rant we reported that 10,000 troops and tactical nukes were deployed to Poland. Why didn’t the media report this? Well, now 2,500 paratroopers have been deployed to Kuwait. We have surrounded Russia with military bases and nuclear missiles. We are doing everything possible to start World War III. America is 5% of the world population, but spends HALF the world military budget. Imagine how much lower taxes would be in America if we stopped this insanity.
WE SPEND HALF OF THE WORLD MILITARY BUDGET
WE HAVE 865 OFFSHORE MILITARY BASES
We need to close every single offshore military base in the world.
SWEDEN GETS WIERDER EVERY DAY
Sweden spends a mere 1.1% on their feminine military. Well, they just started a mandatory military draft for both men and women. Norway did the same thing last year. They said, "threats by Russia" were the reason for this. How about the hundreds of thousands of non-white immigrant rapists, murderers, criminals, and psychopaths they freely let into their country? They rape their women in public, and are not even arrested, much less prosecuted. Most self destructive country on earth. The largest political party by far is the Social Democrats. They are so far to the left, they’re about to fall off the earth. Every party over there is totally socialistic, communist, or even feminist. The average income is about $13 an hour ($26,000 a year), but taxes are extortionate, and prices on most every-thing are very high. The average income in America is about $16 an hour ($32,000 a year) for whites. Prices are very low here, and taxes moderate. Cradle to grave nanny state socialism has never worked and never will. They are notorious drunks, and alcohol is carefully locked up in state stores and sold at completely ridiculous prices. Zero tolerance for driving while drinking was a necessity. They are very unhappy people.
Socialism is the equal sharing of misery and poverty.
PRECIOUS METALS AND STOCKS ARE ONLY 0.5% of WORLD ASSETS
Gold, silver, and their stocks are only one half of one percent of the worlds total financial assets. That's how tiny the market it. When you reduce this down to actual silver bullion it approaches ZERO per cent. When the sheeple wake up to gold and silver it will be like the Atlantic ocean trying to get thru Hoover Dam. Gold and silver are tiny, tiny markets.
THE HUI IS NOT OMNISCIENT, BUT IT SURE IS ACCURATE
In the March Rant there was a “February 28 last minute alert” warning of a sharp drop in gold and silver prices. Well, it was actually a massive collapse and not just a “sharp drop”. Sure enough that happened the very next day. The failing HUI was the tipoff here. The HUI is not omniscient, but it sure is ACCURATE. The stocks generally lead the metals since there are far more leveraged than bullion. The HUI may have bottomed at 181 and is on the way back up.
The COT report on the 3rd was historically horrible. The Big Banks added an incredible 40,000 net gold shorts. They added 5,000 net silver shorts. The HUI made a low of 163 on December 15. It made a high of 222 on February 8. A classic 50% correction would be about 191. Well, it fell far below that to 181.
On the 10th things got really strange. The Big Banks now dropped 25,000 gold shorts and 8,000 silver shorts. The HUI may well have bottomed at 181. We'll see.
This isn't good, but it will end. Buy and hold and add on dips. This is certainly a dip, and you should use it to add to your silver holdings. Don't cry, just buy. Remember, silver is the most undervalued asset on earth. Bill Murphy at GATA says the COT report won't matter in the end. There will be a "commercial signal failure" where the physical shortage of silver will simply overwhelm the meaningless paper positions. All manipulations end, and end in disaster for the manipulators. Never forget that. All manipulations are very temporary in nature.
Just ask yourself where else you could possibly put your money. Bonds are about to collapse. The stock markets are completely overvalued. Real estate also completely in a bubble. The dollar is ready to crash as the Fed prints trillions of counterfeit pieces of green toilet paper every year. Silver is four times better than gold. Where else are you going to put your money? You really don't have a choice. Dump your 401k/IRA, take the penalty and buy silver bullion you hold yourself. Sell any stocks, bonds, or real estate (except the roof over your head). No paper silver, no silver stocks, no ETFs, no unsafe deposit boxes, no fraudulent storage programs, just bullion you hold yourself. JNUG is for your fun money if you can afford it. JNUG under $6 is a bargain.
GOLD TO SILVER RATIO SHOULD BE 9 TO 1, NOT 68 TO 1
Worldwide production of gold in 2015 was a mere 3,000 metric tons. Silver was 27,300 metric tons. This means the true gold to silver ratio should be about 9 to 1. With $1,235 gold the real price of silver should be about $136, not $17 and change. If you divide the total production of silver in grams (one million grams per ton) by 7.4 billion people on earth you will get maybe THREE GRAM per person. Most al of this is used industrially, so you could only actually purchase ONE GRAM per person. Now, can you see what a tiny market this is? Someone who owns a mere ton of silver for $600,000 controls what one million people could buy every year. Well, Rog you say, “I don’t have $600,000”. Fine. Let’s say you sell your IRA/401k and have $60,000. You could own what 100,000 people could buy every year. Silver is the most undervalued asset on earth by far. Never forget that J.P. Morgan- The Enemy- has 550 million ounces of silver bullion stored in their vaults. Follow the winner here.
GOOD SILVER NEWS FROM BIX WEIR
Watch this short 8 minute video by Bix. He gives facts about why silver is going to explode. Why physical silver is disappearing. That LMBA (London Bullion) was the last physical supply, but has shut down. Yes, the last 6 years have been most trying to those of use who were smart enough to buy silver.
PLEASE WATCH THIS SHORT 8 MINUTE VIDEO
SENILE IN OMAHA BUFFETT FAILS AGAIN
Senile in Omaha just added to his pitiful Berkshire Hathaway (BRKA) portfolio. He just bought Apple (APPL), Delta (DAL), and Monsanto (MON). What a loser!!! He's been senile for years. If his poor 86 year old brain still worked he would buy gold and silver mines. He would then have some control of the gold and silver supply. You could do better with monkeys and darts that Buffett's stock picks.
TRUMP CARE IS STILL GUMMINT HEALTH CARE
Bad as they were, Cruz and Rubio promised to simply CANCEL NobamaCare and flush it down the toilet. Trump promised to replace it with "Trump Care". Six of one, half dozen of the other, It is still worthless gummint health care. You'll get back 10 cents for every dollar you put into it. The gummint will waste the other 90 cents, as they always do. Nothing fails like gummint folks. Nothing. Why are the Republicans so secretive about their Great New Health Plan? Do they even have one? When you finally learn exactly what it is, you won't be happy. More bureaucrats up your butt.
TRUMP CARE RETAINS ALL THE ESSENTIAL ELEMENTS OF NOBAMACARE
GENERAL MATTIS IS PSYCHOTIC
Talk about swamp monsters! He’s Chief Monster. He is trying to start World War 3 for no good reason at all. This man is certifiably insane. This is who Trump picked. This proves Trump IS the Deep State, he IS the establishment, he IS the NWO. Israel wants us to attack Syria and Iran so the Greater Israel Expansion empire can continue.
IRAN POSES NO THREAT TO US WHATSOEVER
Let's talk about ISIS again. The U.S., Israel, Saudi Arabia, Turkey and Great Britain all conspired to CREATE and fund ISIS. It wouldn't exist without us. It would stop existing today if we stopped funding it. ISIS is a hoax to create wars in the Mideast. We are not "fighting" ISIS in any way. We created it. Israel wants to get rid of Iran and Syria so they can expand the Israeli Empire. Notice they never use any of their own soldiers in these wars. They always use proxy goys (Hebrew for cattle).
BRAZIL IS COLLAPSING LIKE VENEZUELA
Brazil used to be the seventh largest economy in the world. It is huge, has good weather, endless natural resources, extensive farming areas, and every reason to be prosperous. Now it is the ninth largest economy and falling. People are going hungry as they are in Venezuela. Why? Socialism of course. Big government is running their lives. The people want socialism so they can be "safe" and "secure". Well, now they are government slaves who are hungry and destitute. Why isn't the media reporting on the extreme poverty in Venezuela, Brazil, Mexico and other countries due to their socialist and communist governments? Mexico is so deep in debt they have no hope at all. The average salary is $40 a week. Even Faux News is not covering these stories. Only the Internet. Our last bastion of freedom.
AMAZON NOW CENSORS BOOKS
Jeff Bezos, the CEO of Amazon, is now banning politically incorrect books. He bought the communist Washington Post newspaper. He has stopped selling any books criticizing the Holocaust, Israel, Zionism or Judaism. Jeff is now censoring any books he doesn’t like. Strangely enough, the media reported that Jeff "refused" to censor any such publications, and is a strong advocate of free speech. Horse crap! Jeff sells books on per-version. communism, Marxism, sodomy, child molestation, and Satanism. Why can't people have an opinion about history? What is wrong with the free exchange of ideas and opinions? What are they afraid of? Jews vandalized their own cemetery in University City, MO. so they could get "anti-semitic" publicity. VP Pence flew out there personally to show support in their time of grief. He even showed humble penance by helping them clean up the damage they caused to their own burial sites. Damaging their own property for publicity and sympathy is common practice here.
All Rant readers should take one minute to email Jeff Bezos nd tell him to stop banning books. This will take 60 seconds for you to do this. firstname.lastname@example.org. Seriously folks, take one minute to write Jeff and tell him to stop banning books. You will get a reply and he will know you did it.
INFLATION HAS GONE CRAZY IN THE LAST 50 YEARS
Longtime readers of the Rant know we often refer to the 1970 area as when America clearly took the Royal Road to Hell. Here is a 100 year+ CPI chart to prove this. Inflation has gone ballistic in the last 50 years since the 1970 area. Things were reasonably fine for almost 200 years of American history. We're facing the greatest depression by far the world has ever seen. The piper always gets paid. The CPI is simply inflation manifested in everyday prices. The ONLY cause of inflation is printing unbacked currency (it's not money- its merely colored paper.) There is no mystery about this. If the government didn't counterfeit money there would be no inflation. If we had real gold and silver back-ing of our money the CPI would not go up. This is why you have to own silver bullion you hold yourself. All paper will be worth paper. Mexico, Brazil, and Venezuela are warnings to us, and we need to heed them. Don't pass them off as "Third World countries", because America will soon be just another Third World, mixed race, poverty stricken backwater. Like England is today.THE CPI HAS GONE BALLISTIC IN THE LAST 50 YEARS
OIL PRODUCERS (COMMERCIALS) MASSIVELY SHORT FUTURES
The major oil producers have raised their net short oil futures positions to extreme levels. You can bet oil will fall from the $50 level. It has already fallen hard from the $54 level to under $48. This is good news for consumers certainly, but not for the oil industry. This is why they are hedging so heavily. Oil fell to the $30 level not long ago. There is a glut of oil in the world and consumption is down. Consumption is down, because the entire world economy is failing. This will be a worldwide depression. As of the 15th crude oil has already fallen below $48 and is going to fall further.
LOOKING MORE LIKE 1929 EVERY DAY
Mike Swanson at Wall Street Window posted a great video of what actually happened in 1929. It is 53 minutes long, but well worth watching. You get to see the reality of this with actual black and white films that are almost 100 years old. You see so many parallels with today that it is scary. People with irrational exuberance. Buying stocks on 10% margin instead of 100%. President Coolidge claiming we can “eliminate poverty” in America. The great unwashed masses feeling good times and blue skies are here forever. People losing their entire life savings in March of 1929.
PERSONAL DEBT TO GDP OFF THE CHARTS
The blue line is all personal debt. The red line is our GDP. Again, after about 1970 you see this country going completely to hell. This is a most important chart and right from the Federal Reserve. This cannot and will not go on for long.
MARGIN DEBT JUST LIKE 1929
Look how margin debt for stock buyers has exploded in the last 37 years. Insane. Even a mild correction will destroy their entire life savings.
DOW OVERDUE FOR A HUGE CRASH
Thanks to SRSrocco and stockcharts.com for this great chart going back 18 years. A 60% correction would take the DJI from 21,000 to 8,000. Wow! We’re talking about RECENT HISTORY here, and the two previous corrections. Spend 53 minutes and watch the 1929 Crash video. The more things change, the more they stay the same. History doesn’t just rhyme, it really does repeat. Different actors, but the same scripts.
LONDON BULLION MARKET ASSOCIATION IS HISTORY
London Bullion was the only real supply of physical silver, but are finished. The LBMA has also helped set silver prices, but has pulled out. Thomson Reuters and the CME Group are finished. This is too complicated to go into. Suffice to say this is huge for us because physical silver is disappearing. They know the supply of silver is coming to an end. The industrial users will get all of it by owning silver mines and making direct long term contracts with the mines. Investment silver will disappear. That’s right, when all paper assets fail, the world will turn to gold and silver- the only real money in the entire world. Our own constitution defines money only as gold and silver.
EGON VON GREYERZ SAYS SILVER SHOULD BE $669 TODAY
Egon is one of us and is very astute. Silver is the most undervalued asset on earth.
HOOVER KNEW ABOUT THE NWO BACK IN THE 40's
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