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Important Links
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Welcome to Roger's Economic Rant
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July 2019 Economic Rant -Roger MasonIRANIAN TENSIONS ARE DEFLATING Let’s be thankful our evil attack on Iran has been delayed for now. America is a failing, toothless desperate empire. The rest of the world knows this, too. “America’s power rests on the dollar; a great part of America’s economic power will go away if countries eliminate the dollar from their economic systems,” Iranian Foreign Minister Zarif on Press TV June 2019 The U.S. dollar is failing around the world, as is the Petrodollar. As they fail, America fails. Our strength depends on worthless green toilet paper. Remember all currencies on earth are in a race to the bottom. We have no gold, and haven’t for over 50 years now. The dollar is therefore prima facie worthless. As the dollar fails, we fail. Remember that Iran has the largest number of Jewish people in the entire Mideast outside of Israel. Why would millions of Jews live in Iran if they were so hated? Iran isn’t anti-Jewish at all- they are anti-Zionist. They hate Zionism, not the Jewish people. They have 80 million people, or ONE FOURTH the population of America. They are Persians, not Arabs. They are mostly Caucasian. You didn’t know that, did you? The country should still be correctly called Persia, not Iran. They have a powerful military with Russian and Chinese weapons. They will not be pushed around, and they have far, far more allies than we can ever dream of. We have no allies; they have a whole list.
Ben Garrison is no good, and this cartoon is a rare exception to the pro-Trump crap he always does. The tankers and the drone were both false flags to incite war for Holy Israel. How can Saudi Arabia be close friends and allies with Israel? Because the Saudis are really Wahhabists, and not real Moslems, that’s why. What an unholy alliance that is! What is a “Wahhabism”? That is a complex and hard to answer question. In one word… EVIL. The evil House of Saud adopted this abomination of Islam long ago. We shouldn’t even buy oil from them, much less sell them the most advanced military weapons available. We call them “allies” because we are as evil as they are. “You know very well, and the stupid Americans know equally well, that we control their government, irrespective of who sits in the White House. You see, I know it and you know it that no American president can be in a position to challenge us even if we do the unthinkable. What can they (Americans) do to us? We control congress, we control the media, we control show biz, and we control everything in America. In America you can criticize God, but you can’t criticize Israel…”
We keep talking endlessly about DEBT, because this is the problem. Look at this 60 year chart. Right from the Fed. This is personal debt compared to yearly income. Until about 1990 this was volatile, but less than terrible. You should never live over your head. You should never be in debt, except reasonable, valid debt like buying a house you can afford. Now it is completely out of control The average American is up to their ears in debt of all kinds. Student debt alone is aiming for $2 trillion. What does $2 trillion mean? Well, compare that to our total $14 trillion Gross National Product. This has made voluntary debt slaves out of tens of millions of clueless people. What can’t go on, won’t go on. This cannot continue and will not continue. It will end in the Much Greater Depression- when it all comes crashing down.
RETAIL SALES ARE DOWN Look at this 25 year chart. This chart strongly understates the situation, as it is not adjusted for inflation. Adjusted for true inflation it is actually much worse. All this talk about “job growth” is a lot of hot air. Retail sales are down badly for over a quarter century now. Notice all the stores, restaurants, and other businesses that have closed in your town? How is your local shopping mall doing? Most are closing or closed already. Our business was cut in half after Obama was elected. It kept falling after Trump was elected. Our business is a really good barometer of the economy, too.
TRUCKING DOWN 63% YEAR TO YEAR America moves by truck. Never forget that. It all moves by truck. Trucking is an $800 billion industry. It is a HUGE part of our total GNP. Well, trucking is down 63% from May 2018 to 2019. With a $14 trillion GNP that makes truckers 1/18th of our economy. Folks, you don’t know how bad this is. As goes Commiefornia, so goes the nation. They have severely restricted gun sales and gun ownership. Semiautomatic rifles are called “military assault weapons”, and were banned years ago. Well, now you have to get a background check to buy bullets. You cannot have bullets shipped to you from another state. WHEN BULLETS ARE BANNED YOU KNOW THE END IS NEAR. Soon, there will be an entire ban on guns and bullets. This new bullet law is just one more step to a total gun ban. 1) Criminals only need very few bullets. They don’t go to shooting ranges. They don’t own crates of 1,000 rounds. They rarely fire their guns. 2) You can simply drive to a neighboring state, and buy all the bullets you want. 3) There is always a black market where someone will sell you all the bullets you need. 4) You can always get your friend or relative to buy all the bullets you want. This insanity is going to spread to other states. It’s just a matter of time until we have a complete gun ban like in Europe, Canada, Australia, and New Zealand. No reason to even bring up Asia, India, the Mideast, and Africa. ¬¬¬America is the ONLY country in the world with any kind of gun freedom. First gun control, then total control. When the guns go it will all be over.
Russia to Washington: Drop Middle East troop plan and stop provoking Iran Russia and China are not going to tolerate an attack on Iran. This will start a nuclear war. The American drone was illegally in Iranian airspace. They had every right to shoot it down. Russian intelligence proved it was in their airspace, and their Security Council told the world it was. We are the Evil Empire folks. Our insane President actually ordered an air strike, and then called it off when fighter jets were already on the way. We have no allies. France and the U.K. are our lapdogs, not our allies. Germany has wisely told us to fight our own wars, and is aligning with Russia. Russia, China, Iraq, Turkey, North Korea, Lebanon, India, Pakistan, Vietnam, Egypt- and a long list of other countries- are tired of our evil warmongering. China and Russia have large investments in Iran. They are not going to tolerate an attack. We are a weak, failing, desperate, bankrupt, dying empire with no friends at all. Soon, we’ll be a third world backwater like England. America has only 5% of the world population, but spends over ONE THIRD of the world military budget. 700% OF WHAT WE SHOULD SPEND. 5% would be the correct figure. This is insane. Think of the standard of living we could have if we stopped wasting it on foreign military bases and evil wars of aggression. We simply cannot afford this insanity. This won’t go on because it can’t go on. We have over 800 military bases around the world. We should close every one of them today. We are the world war monger. Our standard of living would go up dramatically if we stopped wasting our money on evil wars of aggression.
WE HAVE OVER 800 MILITARY BASES IN 70 COUNTRIES We should not have one single military base outside of the U.S. Every one of the 800 offshore bases should be shut down immediately. We don’t need this, and can’t afford it. It seems every civilized country in the world is pushing electric cars. This would be wonderful if you could use solar or wind power to charge them. But you can’t. You charge them with COAL, natural gas, and nuclear power. (Hydro power is minimal.) Also, we do not have enough power plants or infrastructure to charge these overpriced golf carts. The truth is that only 2% of the American public are stupid enough to buy them. The truth is that only 2% of any other civilized country is stupid enough. That’s right…only 1 in 50 cars are electric cars. How can they be “ecological” if they are charged by coal, natural gas, and uranium? We may well have a Big Bank attack on gold and silver over the July 4 time frame. This is when trading is very light, and manipulation is very easy. Watch the gold (more than silver or miners) price on the 1st, 2nd, and 3rd. The short term picture for the metals and miners is still bearish. This Summer will probably not be good for us. The COT report on the 21st was terrible. The commercials are now a massive 225,000 net short gold futures. They are 34,000 net short silver futures. The COT report on the 28th was also really terrible. The commercials are now a massive 260,000 net short gold futures. They are 54,000 net short silver futures. Just be patient. This Fall should be the Final Bottom, and Fall is less than three months away. (Note: Sunday night the 30th gold fell $16 within 30 minutes of the open at 6:30 pm.) Yes, on Thursday the 20th the metals and miners took off dramatically. On Friday gold closed over the $1,400 resistance. Silver, however, is lagging badly and cannot get out of it’s own way. Do not trust this. This could have been due to the extremely serious Iran situation. Our insane President actually ordered an airstrike on Iran and then called it off when fighter jets were in the air. Iran rightfully shot down an American drone that was flying over THEIR protected air space. Of course, we lied and said we were in international air space. Russian and Iranian intelligence proved it wasn’t. Your poor old author lost 30 cents ($30,000) on silver futures. Never use leveraged investment folks. You’ll just get high blood pressure and sleepless night. The metals and miners do not look good this summer. Be cautious of this very popular enthusiasm. Be patient and our time will come this Fall after eight and a half years of price suppression. Over 6 million tourists pour into the Dominican Republic every year. Over two million of them are Americans. The tourist areas like Punta Cana are very “sanitized”. All crime is very low, and violent crime almost unknown. You cannot even buy marijuana. You do not get “turista” (diarrhea) from the food and water like you do in other Latino countries such as Mexico. Their main income is from tourism, so they make sure the tourist areas are very safe in every way possible. Punta Cana is the most important of these. There are about 110 hotels, and every one of them is all inclusive. Most of the dead Americans have already been shown to have had serious medical conditions such as cardiac inflammation. Most of them were also on prescription medications. In America over 17,000 people die every year out of 2 million citizens (8,500 per million). A dozen elderly tourists dying in DR in one year is perfectly normal. The autopsies have shown absolutely no unnatural deaths of any kind. What more proof do you need? What is the agenda here? Who knows. The only reason for this ridiculously false reporting is just more fake news to take your attention off the real is-sues. You’re actually much safer in the DR, as the American death rate is far lower than it is here! More fake news to misdirect you. Kosher Communist (he’s not a mere socialist) Bernie wants to cancel $1.6 trillion in student debt. Well, there are less than 160 million working Americans. That means each tax paying worker would pay TEN THOUSAND DOLLARS to cancel the student debt. They would have to pay $10,000 in cash to bail out irresponsible people who ran up student debts they can’t possibly pay off. That means you have to earn about $15,000 and then pay about $5,000 to get the $10,000. This includes low IQ people who can’t possibly go to college. Also, people who take useless courses like race relations, and gender studies. Some people just want to look good by going to college, and think the government is going to pay for it ultimately. You would have to pay for all of them. Bernie Sanders is truly special. During all his years in the Senate, he has introduced 364 bills, only 3 of them passed, and 2 of those were to name post offices after someone! Bernie never held a job until he was finally elected mayor at age 53. He lived off welfare and four different women; had a child out-of-wedlock with one, and three marriages did not work out. Now he’s a Senator and very rich.¬¬¬¬¬¬ AMERICAN JEWS COMMITTING RACIAL SUICIDE Over 2% of the U.S. is Jewish, or almost 7 million people. 100 years ago only 1/2 of 1% (1 in 200) intermarried. Now a full 71% of non-Orthodox Jews outmarry. As Roseanne Barr (who is Jewish) said, “Jews hate each other.” There are only about 10% Orthodox Jews. They do not outmarry, and are disowned even if they marry a Conservative (Masorti) or Reform Jew. Orthodox Jews are basically Republicans (!), and do not like big government, abortion, homosexuality, tattoos, etc. You rarely meet any, because they are totally insular. They socialize with each other. The majority of American Jews are Re-form. 22% say they have no religion, and are ethnic Jews only. They love communism, socialism, big government, abortion, homosexuality, racial intermarriage and other liberal facets. If the non-Orthodox keep intermarrying there won’t be any left! They have been committing racial suicide for decades now.
The central bank of central banks, the Bank for International Settlements, an entity hardly known to most people, has stated in writing that “the outstanding notional amount of derivative contracts is 542 trillion dollars.” The total combined GDP of all the countries of the world is around 75 trillion dollars. $542 trillion versus a mere $75 trillion. This is right from zerohedge.com. Try to comprehend this…the total GDP of this planet is a mere $75 trillion. The known derivatives position is over 700% of that. You can say, “so what?”. Well, the so what is that when- not if- they implode, the entire world economy will crash. We can’t even clearly define what a derivative is. We have never had them before. All debts get paid all the time every time. When all the banks shut down, all the stock markets collapse, all bonds are worthless, and all currencies are valueless, then you’ll finally catch on. However, if you own silver and gold you’ll be rich. All paper will be worth paper. You must watch this video… only 3 minutes and 44 seconds. Carbon dioxide is only 0.04% of the atmosphere. The higher the CO2 levels the more plant growth you get, the healthier the planet is. Don’t you remember learning about photosynthesis in high school? Plants make CO2 or there would be no life on this planet. CO2 is vital for life! Https://www.youtube.com/embed /BC1l4geSTP8 If this doesn’t come up, just Google, “The Rice Video- CO2 in Perspective”. In every 84,800 molecules of the air we breathe there are only 33 molecules of CO2. It is estimated 32 of them are nature made, and only 1 of them manmade. So, we have 1 molecule out of 84,800 the liberals claim is killing us. Higher CO2 levels make for a greener, healthier planet. The more CO2, the more photosynthesis in plants, and a greener, lusher, happier planet. This chart is actually very misleading because of two factors: 1) many people simply gave up on getting a job and aren’t reported as unemployed, and 2) many people have taken low paying jobs they are overqualified for just to have a paycheck. For twenty years now the labor force has been falling. There are only about 160 million workers now out of over 320 million people.
THIS IS NOT THE BREAKOUT!!! Look at this gold chart from Dave Skarica. Take a close look at the very beginning of 2003. It looked like the Big Breakout for gold, but it wasn’t. After a quick peak, it collapsed for about four months. This is probably what is happening now. Gold fell $30 within 24 hours on Wednesday (the 26th). Your poor old author then went short silver again. If this is a repeat of 2003, then metals and miners will bottom by November. That is only four months away. The July 4 time frame is an ideal opportunity for the Big Banks to drop the price of metals due to low trading volume.
More fake news. These people are not dead. We should have the same immigration policy as Israel. They absolutely do not tolerate it! Illegals are treated as the criminals they are. When they are caught, they are put in prison, and then immediately deported out of the country. There is no asylum except for fellow Jews. If they return, they are given a harsh prison sentence and put in a hellish prison. They don’t have an immigration problem because they don’t tolerate it like we do.
Don’t kid yourself, the Democrats are now the out of the closet Communist Party USA. ABORTION IS GOOD– killing unborn babies is somehow a “woman’s right to control her own body.” In her years in Congress, Elizabeth Warren has introduced 110 bills. 2 passed. JOSEPH McCARTHY WAS A TRUE PATRIOT The media hates Joe because he exposed Jewish communism. Subsitute liberals, globalists, socialists, neocons, or the NWO for “communists” if you want. He said all this before Congress in 1952, almost 70 years ago. Joe McCarthy on Education: “Every man and woman in America can appoint himself or herself to undo the damage which is being done by Communist-minded teachers and Communist-line textbooks. Countless times I have heard parents throughout the country complain that their sons and daughters were sent to college as good Americans and returned four years later as wild-eyed radicals. The education system of this country cannot be cleansed of Communist influence by legislation. It can only be scrubbed and flushed and swept clean if the mothers and fathers, and the sons and daughters of this nation individually decide to do this job. This can be your greatest contribution to America. This is a job which you must do if America and Western Civilization are to live. I warn you, however, that the task will not be a pleasant one. When you detect and start to expose a teacher with a Communist mind, you will be damned and smeared. You will be accused of endangering academic freedom. Remember, to those Communist-minded teachers, academic freedom means their right to force you to hire them to teach your children a philosophy in which you do not believe. To Communist-minded teachers, academic freedom means their right to deny you the freedom to hire loyal Americans to teach your children. We cannot win the fight against Communism if Communist-minded professors are teaching your children. We cannot lose the fight against Communism if loyal Americans are teaching your children.” DOW JONES DEAD SINCE OCTOBER 2018 Thanks to Mark Lundeen for this. Look at this one year chart of the DJI. The very top was made in October 2018. Since then it has failed to make a new high for the first time in 10 years. Obviously, this is a warning. In fact, you can see a perfect eight month technical double top from October to June. This is another warning. Anyone who is still in the stock market wants to go broke. Yes, the Powers That Be are trying to falsely support the stock markets with financial trickery (the Plunge Protection Team is real) until Trump gets reelected in 17 months. That seems like an impossible task, and one you should never bet on. Sell your stocks and buy silver bullion you hold personally. Silver is the most undervalued asset on earth. No
See you in late July. Always standing watch for you, |
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