Jul 30 2009 3:04PM
Forces Of Darkness Enter Stage Left
As alleged green shoots become moldy shoots and the US administration’s
cascade of failures become a waterfall of destruction, electorate reality
sets in, foreign observers recoil in amazement and political rats of all
stripes throughout the world are running for cover. We are now just a year
from severe congressional politicking and electioneering. We would be happy
to have an entirely new political herd elected with about 90% of government
wasteful enterprise permanently closed.
Obviously that is not reality. With so many disasters and scandals
piling-up, our leaders (joke) are busy distancing themselves from the
president, his advisors and hangers-on. We are not pointing fingers at just
the ruling party either as most of congress with few exceptions are selling
out America to crooked New York Banksters, the federal reserve, world-wide
central bankers, the UN, IMF, World Bank, backdoor international rulers,
corporation scammers, all the while pandering to dictators as they plot to
steal any remaining largess from taxpayers.
We suggest most of them will not be able to run far enough or fast enough
to avoid being caught in this monstrous web of political deceit, deception
and corruption. Unless you’ve been on vacation since the inauguration,
it’s been easy to count and reflect upon the results of current policies
and negative pushback. American Sheeple are way too patient and forgiving
allowing authorities slack and even forgiveness for their heinous mess
foisted upon USA wage-earners. Time is up. Impeachment bumper stickers
appeared and so-called loyal voters and party members began to throw in the
towel. Any of them with half a brain do not intend to drown with the
Titanic Obama.
In fairness to the kid he inherited a real economic mess from previous
administrations (that’s plural) but he took it further in advancing the
left wing liberal agenda rushing to install those all-so-many feel-good
vote scamming programs paying-off the lower half non-taxpayers of our
economic spectrum. At least he was honest in this respect as he told Joe
the Plumber he would “spread it around.”
Insulated From Intelligence
Our leaders grossly misunderstand the public’s tone and their latest
response to massive wreckage instigated by government and Banksters. Most
would allow stock market and mild business failures in a normal recession
but it’s quite obvious this is not the case in Greater Depression II. The
current economy is beyond anything in modern times and some say worse than
the 1930’s. We think so, too.
Retirees and other elderly are forced back into a nasty, jobless workforce
to eat. College students are leaving school to work at minimum wage
repairing broken household budgets. Jobless fathers hunt for work all day
then face the family dinner table with no hope. Auto workers throughout the
US and the world are losing higher paid work and benefits wondering where
the next meal comes from. Insurance of all kinds is dropped for lack of
income. Crime is on the rise as desperate people do things they would never
do just to eat, pay rent and utilities.
Where is this all going? Where will this end? We forecast for the formerly
progressive and economically sound western nations including the USA that
life and the system will be altered beyond expectations. Old paradigms
could be gone forever. We are not returning to the good old days but to
darker days for many years.
The president inherited his TARP disaster from Bush. However, recent
extremely poor international relations fostered by Obama included angering
friends and enemies alike. It was so inept and poorly handled it almost
seemed deliberate. His other spendy policy-plans need no review from
us.
Traditional American allies are wondering what’s next? What could be the
next shoe to drop? What will Israel do with the feeling they can no longer
count on US support? Do they feel they’ve been thrown under the
president’s Muslim kissy face bus? Israel has vowed “never again”
relative to another holocaust. They are tough fighters and resisters
hardened by severe problems endured since WWII. And, they have nuclear
weapons. If Iran pushes just once, too far, what now? Could Tehran become a
smoking radiated hole in the ground?
Pre-election we were quite worried about the president’s lack of any
solid business or political experience before taking office. From our view,
the aftermath has been far worse than we could have imagined. America,
it’s neighbors, and friends and foes alike gird for economic survival as
well as the personal kind having expectations of losing jobs, homes,
family, and any sense of stability.
Yet, Obamamania marches on as the president grimly but smilingly works
diligently to put lipstick on his bloated Spendathon. Of course FDR did it
so it ought to work right? Wrong. It didn’t work in the 1930’s and it
won’t work now. Throughout history buying your way out of a depression
has never worked for anybody and never will.
The electorate is not swallowing this garbage whatsoever. Keep in mind
voters gave the kid about 55% to McCain’s 45% which means nearly half
didn’t buy the Barack story from the very first day. Now that things are
turning out so terribly and so quickly, politicians are busy cutting ties
to the president’s crashing wagon as they know voters can toss them in a
flash. Yesterday on July 29th, we saw reports that not only is the
president stacking-up super bad ratings but his first line generals and
generalettes are as well. Not taking the public’s political pulse reminds
me of the Federal Reserve being regularly off- schedule when raising and
lowering interest rates. They always get it wrong.
We are seeing the president wavering under this strain as his immediate
gang members snap and bark at each other making increasingly ridiculous
“cover” statements. Press Secretary Robert Gibbs has turned into a
buffoon par excellence. It seems the more Robert tries to squirm out of
political policy nonsense the worse his public relations and
credibility.
We think its bad enough right now that some key people must be tossed
overboard to placate milling Sheeple before this cartoonish leadership
disintegrates before our very eyes. Look for one or more top Obama
sidekicks to be fired by Labor Day or just after when stock and credit
markets collapse.
We Cannot Change Administrations Midstream
Most things in Washington continue traveling into unreality and we as
individuals cannot cause helpful change; at least not in the near term. We
prefer to think Dick Morris had it right when he told Fox News that
political events must play out only to be cleaned-up later by the fall 2012
elections. To us, this expectation seems most reasonable. Our nation and
the world at large face a long hard road back to normalcy.
Impeachment isn’t going to happen and current leadership will refuse to
change course. They see the icebergs and just step on the gas. First, they
prefer to keep-on-keeping-on despite that tunnel light being a locomotive
not a blessed daylight of happiness. Get ready for markets to implode and
who knows what else. We see no chance of avoiding disaster. We just know
its coming and must deal with it.
We do not despise these people but rather “We engender a severe animosity
toward their silly stupid programs.” Not only that, they all stink to
high heaven.
Good News And Bad News
The bad news is we see no relief from this mess for years; nor will we see
enough pushback from the herd to stop it until 2012. The good news is
markets are preparing a sea change shift in several respects. Stocks are
being bulled to a high level so corporate types, their broker-dealers and
banks can sell into the phony, manipulation-induced market strength. Some
analysts are saying run right now. We say way too soon and not yet. Wise
investors will be stop-protected today, if they are smart. Watch Trader
Tracks for alerts and updates on the fall crash schedule.
The global paper pile of currencies, notes, bonds, bills, and whatever else
proponents of this stuff can pander and sell will be imploding. We cannot
see one longer term safe piece of paper not at risk; not even the blue chip
currency like the Swiss Franc and super safe German bonds.
The US Dollar in our view will take a very hard devaluation hit but should
survive.
Politicians will lash out more than ever at markets and their operatives to
“Do something” which means do something even more stupid and make more
problems.
Tax receipts are way-off not only in the US but across the world.
Governments depend upon this mountain of cash to keep spending. It’s
going to get a lot worse as broken consumers and businesses will have no
profits or gains to be taxed away.
As it becomes more obvious that US credit is relegated to junk territory
(It’s already there) our
government will be viewed as bankrupt and being without assets and
power.
Dictators and wolves of the world smell blood and skirt for openings to
pounce taking advantage of weakness. This will prove a big mistake as they
are much weaker than America. US citizens can eat a lot of crow and take
verbal abuse in larger portions as these remarks are just vacant threats
and talk. However, if some little weasel from a fourth-rate backwater dumpo
dictatorship makes a bad move they could be squashed or maybe even
vaporized. Those foolish enough to try might be North Korea and Hugo
Chavez’s failing nation. Even Russia is on its knees now and could
threaten but would not make that big mistake.
The larger geopolitical question is Iran and how far they push the
envelope. If they think Israel won’t hit them on their nuclear threats
they are making a fatal analysis. Neville Chamberlain Obama gave Tehran
witless encouragement extending a fig leaf but Mr. Netanyahu isn’t buying
it. If there is going to be nuclear holocaust, the address is Tehran not
Tel Aviv. Meanwhile, Obama would be a spectator not a participant. We
doubt he could push the red button even if missiles were landing in the USA
or on Washington, D.C.
More Good News
As bad as world conditions appear, we’re being presented with a once in a
lifetime chance to earn handsome rewards investing and trading the right
and proper trades; not the traditional kind.
First, and most important of all, purchase physical gold and silver before
anything else. This is your benchmark support underpinning everything else
you might trade in these markets. Physical metal has nobody else’s
liability attached. Buy it. Hold it. And, keep it out of the hands of
others.
With each forthcoming cycle we think gold and silver shares might sell less
posting higher lows. This could be reflected on the shorter term by how
high-low our S&P’s trade. We expect a 1050 peak being more probable. One
of these days PM shares will disregard all broken markets and rocket rally.
But not yet; perhaps this fall. Watch for choppy precious metals markets
until the third week of August. Other mainstream stocks meanwhile can race
to new manipulated highs.
We predict the Dow to land on 10,400 to 10,800 as a maximum high before
selling this year. This was our month’s ago forecast. When the selling
becomes a crash our forecast sees a 5600 to 6500 Dow.
On a side note this week it was quietly announced the IMF would be selling
gold to give loans to smaller nations. Was this approved? Did the mandatory
US congress vote on this approval?
Do not get tangled-up in daily noise. Keep studying the larger view and buy
precious metals after each profit-taking correction. Headwinds are building
into an economic hurricane. Take care of business right now. My dire fall
prediction might surprise us and arrive earlier. Time is short.
Personally, I can see unbelievable opportunities to trade that we would
never see again for many years. Turn these problems into opportunities.
Those on the right side of the trade might get rich. Those on the other
side are just victims. Stay Alert. – Traderrog
Roger Wiegand
Editor Trader Tracks Newsletter
The Jay & Rog Blog at webeatthestreet.com
*****
Roger Wiegand is Editor of Trader Tracks Newsletter for gold, silver and
energy traders. Roger provides recommendations for short and longer term
traditional stock shares, futures and commodities trading with specifics
for individual trades. See webeatthestreet.com for more information.
Contact Claudio Bassi, at Trader Tracks New York City publishing offices
for an introductory 30-day trial subscription for only US$49.00. This is
half the monthly rate our subscribers pay. Call us at 718-457-1426 Monday
through Friday, 9:00am to 4:30pm (EST). You can also e-mail Claudio at
cbassi@miningstocks.com for more information.
DISCLAIMER: All of the provided information is believed to be accurate, however errors are possible. The opinions in the Commentary section do not necessarily reflect the opinions of GoldIRAS.com. Past performance of any investment is no guarantee of future performance. All investments have risk.
TOLL FREE - 877-703-2193
Copyright 2007.GoldIRAS.com and Gold IRA's & Rarities, LLC. All Rights Reserved
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Google 
Facebook 
Twitter 
MySpace 
Rss Feed