We say its time for truth-telling and know exactly where to find it. I have
been blessed having numerous good friends and knowing some very canny
analysts in this business that refuse to sink into the government’s
media-driven Pinocchio land. These are professionals, and I like to count
myself among them, that present excellent opinions derived from reality
found in realistic fundamentals and technical work. We will not sugarcoat
daily news as regularly force-fed to a majority of Sheeple investors.
Harmony and happiness is a good thing but not when it’s rigged, phony and
biased, dumped on innocent by-standers trading and investing with their
life savings.
Fascist-Socialists And Unbridled Welfare
This phase sounds like a pretty wifty expression representing dissimilar
descriptions of our current political system. The fascists are typically
expected to be from the extreme right engaged in a merger of state and
business leadership picking clean the Sheeple’s bones.
The leftist socialists hold political power and use it to control the
production of goods and distribute them with a welfare-style agenda. What
we see today in American government is the worst of both worlds.
The current administration and in reality some before it, have an unnatural
cozy union of corporations, The Federal Reserve, New York Banksters and The
U.S. Treasury all believing fiscal-monetary incest is best when mutually
practiced among this nasty cabal of thieves.
Along with this dubious gang are their minions and allies including think
tanks, union leaders, educational institutions and variety of other alleged
philosophical hangers-on desperately seeking to grab goodies from the poor
and broken taxpayer honey pot. They just love to tell us how to live and
how to take our money and spend it where they see fit. You are told to
simply sit down and shut-up. If you don’t like; it that’s too bad. Be
careful as the bureaurat thought police are watching and will correct your
thinking for you as you cannot do it yourself, your being so stupid.
Our founding fathers had the wisdom to foresee these evolutionary events
and were determined to stop them using language within the United States
Constitution and Bill of Rights. Problem is our current pack of criminal
jackals have basically renounced these precious documents and taken the law
into their own hands. Justice is for the rich and the rich are connected to
the Fascist-Socialists.
We say Socialism is a rampant, degenerative social disease more wicked and
evil than most envision. Fascism is the tool, which apparently slipped into
American government when they married Big Business years ago as told to us
in the book “Economic Hit Man.”
The voices of freedom in America remain strong in our view and we all know
who they are and from whence they come. However, being the pragmatic
practical person I am; I think it’s too late to stop the forces of evil
as they’ve run our beloved USA and global finances into the ground. The
US Dollar and bonds have long ago left port and cannot be saved. They are
sinking into this sea of Fascist-Socialism morass.
Chopper Ben and Timmy the G. are grossly engaged in an orgy of bond and
dollar origination burying the entire world. As the dollar is a reserve
currency for 85% of the world-the world, to put it bluntly, (here comes
more truth again) is screwed. These economic-monetary village idiots have
obviously been reading too much FDR and somebody’s else’s
Manifesto.
We are into being very positive despite our regular rancorous rants on
these topics. This one however, leaves no hope it seems to us, until it all
blows-up in a cacophony of failures and repudiation of bad debts.
Germany went through it in the early 1920’s and survived. Not only have
they learned these hard lessons but are trying desperately to not go there
again. We say today’s Germany is dragged down by the USA’s stupid
impudence and imprudence as they are part of the world global financial
system, too.
Here Is A Nasty Dose Of Truthful Reality
American consumers are the driver of the USA’s economy and they are
toast. Not only that but the administration is determined to bust them down
even lower with a myriad of taxes in a greedy let’s take everything.
The United States of America is bankrupt. And not just a little bit either.
We are without a doubt in the fiscal sewer.
Middle Eastern Wars are bleeding the Treasury dry. Even drier if that’s
even possible.
There is no leadership from the adolescents in Washington and not just the
president either. Our congress is beyond pathetic. In this absence of any
leadership, America is on the rocks and totally out of control.
Obama shouldered aside Israel in favor of his Muslim friends and now Israel
must go it alone against Iran and they will do so in a last-stand
self-defense. Hello $300 crude oil as the Straits of Hormez is
blocked.
The Asians including China, Japan, Taiwan, Korea and India have had up to
you know where being choked on American toilet paper known as US Dollars
and Bonds. Adios USA government financing. These buyers are running away in
fear.
There are 34 million Americans on food stamps and this number is rising so
fast many are starving before they can get the approvals for these
stamps.
Bank failures in the USA and other parts of the world appear like
dandelions in your summer lawn. By the end of 2009 and into the first
quarter of 2010 we’ll see over 1,000 of them with numbers climbing
unabated.
Cash for Clunkers was real clunker. One out of four auto buyers using this
program is having buyers remorse as they just signed-up for so many new
payments they cannot afford.
The geezers getting social security were told this week that in 2010 they
will not receive any COLA or cost of living adjustments in their pensions.
We suppose if Obama cannot kill them off fast enough with the death panels
he can starve them to death using a Social In-Security Subterfuge.
Medicare, Medicaid and Social Security funds are drowned in red ink. Soon
it’s every Geezer for him or her self.
The Fascist-Socialist force-fed stock market peaks next month just after
the cabal sells into strength. This will not be a very happy day. Hello
crash city.
But wait, after the fall crash, the cabal will pump it up again from
October 31 and on into 2010 with a massive, feverish, infection of
inflation. Then they’ll pat you on your little Sheeple head and tell you
come on down and buy some more shares. As the shares water is so obviously
warm and fine.
Those best-selling economist fiction writers tell us GDP will be +4% next
year and we better be worried about when Benny raises interest rates. Let
me tell ya; the rates will not be raised as this would blow-up markets in
seconds. We’ll go into inflation; then hyperinflation and then presto all
our mutually-assured weapons of debt destruction can vanish in a puff of
loser-vapor. Then these naughty boys can do it all over again. After all,
they got your TARP tax money from Paulson and the Kids. They’ve got the
vigorish for funding and implementation of new wild and reckless markets
and trading.
All governments federal, state and local are going broke. Taxes must be
increased so the government employees can keep their standard of living
which is 150% of yours; you stupid Sheeple.
Housing, the other consumers’ economic engine is fried. Sure foreclosures
are switching ownership chairs but reality says we get a minimum of 3-5
more years of disaster with a valuation national average being -30%
lower.
One-third of USA manufacturing capacity is idle. The good jobs have been
shipped overseas. We can’t bring them back as even if we did consumers
cannot afford to buy USA manufactured products. They are broke and going
broker. Watch for one-half of all US factories going idle and the rest on
part-time work days. Enter stage left The Great Depression Number Two. FDR
would be wetting his pants with unabashed glee.
Financials crashed in fall 2008 with Lehman. Recovery began with TARP May,
2009: During this month of August, 2009 we’ll have more of a dead cat
bounce ahead with a big smash in Mid-September. While precious metals and
their shares are off this August 27, 2009, for the intermediate term
(beginning next October 31) the trend reverses and moves to rallies.
Keep in mind, if you own paid for stuff it will most likely remain in your
hands; not in somebody else’s. That includes gold and silver.
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.
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