Roger Mason
(Editor's Note: Here is an enlightening rant from a web site called economicrant.com. Mr. Mason's message is "terse but true", and is more than worthy of your consideration. - JSB)
One cannot pick tops and bottoms and short term forecasting is for fools. Nevertheless, one has to do their best to see overall bottoms and tops. We feel silver has bottomed at the $16 level and it's time to back up the truck. It just does not matter if you buy silver at $14, $16, or even $18 when it goes to $200 and keeps going. Silver is the best investment in the world. Buy bullion and store it yourself. Do NOT buy paper silver of any kind, or let anyone store it for you. Why aren't we recommending silver stocks anymore? They are a fantastic bargain, and the HUI is currently only about 400.
1) In a Marxist society like ours paper assets are more and more risky, especially for taxation.
2) The stock market is going to fall, and silver and gold stocks may well fall with it.
Buy silver bullion
George Soros is a Zionist One Worlder, but he is not senile like Warren Buffett. George told the world gold was a huge bubble to keep others from buying any. Meanwhile he bought up $600 million dollars worth. Why didn't George buy silver? Lots of reasons. There isn't that much silver available for sale. Any large sales would make the price rise dramatically. Silver is a very tiny market folks, and this is one reason it is going to go ballistic. Where are you going to safely store hundreds of tons of silver? He can store that gold in small tool shed, but it would be next to impossible to store hundreds of tons of silver. BACK UP THE TRUCK AND BUY SILVER. This is it; no more waiting. Buy all you can. If the price falls a little so what? This is the time.
We are holding our silver stocks. When the stock market starts to collapse it may be a very good idea to dump all your silver stocks. They may well crash with the market as people scramble to liquidate and get cash (Monopoly money). If you want to hold stocks you can buy them back at a lower level. If the HUI falls below, say, 380 just dump them.
We are going to attack Iran. This will be the worst mistake we have ever made. The
Syrian tanks are already in Lebanon to protect them from an Israeli invasion. This is none of our business. The Mideast is none of our business. Israel is none of our business. The business of America is Americans. This country was founded on the principle of laize faire or mind your own business, not the business of others. We have no business in the Mideast. We have no business protecting any other country on earth. We have no business sending American soldiers to find someone else's war.
Senile in Omaha Buffett is still hemorrhaging. His famous "legendary" Berkshire Hathaway stock just gets worse and worse. He just bought Walmart (WMT). Walmart was $60 just 18 months ago and is now jus $53. Adjusted for 18 months of inflation it is much worse. He just bought Iron Mountain (IRM).
The housing collapse is going to get much worse folks. This includes commercial real estate as well. Notice how every week businesses in your town close down, and more empty stores are for rent? The median American home will sell for $120, 000 or less in the next three years. You will be able to buy the median home for only 600 ounces of silver. Yes, only 600 ounces of silver will buy the average American home in 2013 as home prices collapse and silver goes to $200 and higher. Probably a lot higher. It's hard enough to get people to understand it will go to $200. In 1982 silver sold for $50 an ounce when there was an abundance of silver in the world. Adjusted for inflation, that would be about $120 today. We're almost completely and totally out of silver. We cannot begin to possibly mine enough to keep up with demand. Buy silver bullion, rather than stocks, and keep it yourself. Hide it creatively.
Silver is four times better than gold, and will return to the traditional 15:1 ratio as it always does and always has. That would be $200 silver and $3,000 gold for example.
Sell your IRA or 401k before the government takes it over by force and converts it into a worthless "annuity" based on totally worthless treasury paper. Sell your IRA or 401k and buy silver bullion. The Federal Reserve (which isn't Federal and has no reserves) is printing Monopoly money 24/7. Hyperinflation will ruin the economy and destroy your life savings. Ft. Knox has been empty for decades and no audit has been done in over 40 years.
Please look at the above chart. This is absolute proof the Much Greater Depression has already started. Americans are up to their ears in debt, they're drowning in debt. We are so over our heads only a massive economic depression can result from it. Even just 30 years ago we saved money and invested it instead of living over our heads. Household debt has gone from almost zero to ONE THIRD of our Gross Domestic Product output. You cannot live over your head for very long. The chickens always come home to roost. Reality always wins in the end. This country is ending in the Much Greater Depression.
A little child knows you cannot spend your way out of debt. You cannot spend your way into prosperity. Obama and the gang keep telling us their Stimulus Program will spend our way into recovery and prosperity. They tell us the government is "creating 2 million jobs". You cannot spend your way into prosperity. The government cannot create one real job. The less government jobs the better. Impoverished countries like
The whole Tea Party movement has been ruined by the pseudo conservatives. Yes, Ron Paul was elected by the CPAC meeting, but the Romney supporters actually booed him! That's right they booed loudly when Ron Paul won the nomination. Mitt Romney is a real piece of neocon fecal matter and not a patriot in any way. He fully supports our wars of aggression in the
Here's proof commercial real estate is completely hopeless. This started in 2007 two years later than the start of the residential crash. Both have years to go and can only end in complete economic disaster. Don't kid yourself about "recoveries" of any kind.
Want more absolute inarguable proof the Much Greater Depression has already started and it unavoidable? There are 605 trillion in derivatives in the world. Yes, that number is incomprehensible. The entire GNP of America is only $12 trillion. That is a mere 2.3% of the derivatives. The entire World Bank reserves would only cover 1.2% of that. We can't even accurately define what a derivative is, but you can rest assured it is basically a scam. These $605 trillion worth of derivatives are coming unraveled as you read this. This will end in financial disaster for the entire world. All debts get paid. Please remember that. All debts get paid by either by buyer or the lender. Always. These derivative losses will be paid with a worldwide depression.
You may not have realized that the Patriot Act was temporary. Well the House just overwhelmingly extended it by a vote of 315 to 97 (20 abstaining). That means the police state continues, the Constitution and Bill of Rights is a joke, and it just gets worse from here. We will get National Health Care, Stimulus Packages, Cap and Trade, and God only knows what other Marxist welfare redistribution programs with more and more loss of freedom. Don't even think there is any hope. Hope is for dopes and the last refuge of fools anyway.
You see those morons with the Support Our Troops ribbons on their cars. The way to support our troops is to bring them home. Bring them home today! We have no business in the Mideast or anywhere else. We should close every offshore military base and bring every single soldier home. We have lost over 5,000 Americans to these evil, illegal, and immoral wars in the
Here's the proof folks. The media keeps telling you inflation is "only" 10%. Well, this is the deposit currency chart of the Fed Banks. In late 2008 inflation took off for the moon and is still going to the Moon. We have continually printed other charts to prove this. Hyperinflation is your future, serious Weimar-style and Zimbabwe-style hyperinflation. Only silver and gold will protect you from this, and silver is four times better than gold.
BACK UP THE TRUCK AND BUY SILVER BULLION
Keep it yourself and hide it creatively even if you live in an apartment. Bury it and plant a garden over it, or put a concrete patio over it.
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