The price of silver is exploding more than it already has. I remember when silver was less than $5 an ounce. I couldn't convince people to think about it, much less actually buy some of it. I was buying it, but looking back, I should have mortgaged everything I had to buy it. I made at least 6-10 times my money I invested in silver. We will never see prices for silver that low in our lifetimes. NEVER! I guess that made it the investment of a lifetime back then.
Jump to 2011, and now the price of silver is close to $50 an ounce. The really scary part of this is that when you look at the fundamentals, along with the instability in the world economies today, the price of silver may still be low. The fact of the matter is that the banks that have been dealing with silver have been committing fraud. They have been 'selling short' silver that they not only did not own, but have actually been selling silver that did not exist. This enabled them to make money on non-existent silver, and to also suppress the price of silver as well. Selling naked shorts in silver amounts to a de facto flooding the market with 'paper' silver.
The problem now is that the banks are now caught up in a 'short squeeze'. This is when a seller of a commodity doesn't have it, and now much purchase it at the market price, no matter how high it may be. It would depend upon what price they sold it at that would determine the loss. The bigger the difference between the market price and the price they sold it for, the larger the loss. It looks like they may be in for multi-million dollar losses because the silver price is now approaching its historic high that was set back in the 1970's when the Hunt brothers were trying to corner the silver market.
I'm not sure how many people are open minded enough to invest in silver, but it has worked out great for me, and for plenty of other people who had enough guts to think for themselves instead of following the talking heads on MSNBC and other media investment pundits. One thing that they won't tell you is about systemic risk. You may think that your investment portfolio is well diversified because you're investing in a lot of different stocks, bonds, ETF's, indexes, etc., but I have some news for you. You're only diversified in paper assets. What happens if all paper assets take a hit? Is your portfolio equipped to handle that eventuality? That's where investment in non-paper assets comes in. Do your research.
Showing posts with label banks. Show all posts
Showing posts with label banks. Show all posts
Wednesday, April 27, 2011
Wednesday, April 21, 2010
The Rich Get Richer While the "Little Guy" Gets the Bill
It is amazing to watch the controlled destruction of the American economy while most citizens just go about with their amusements. Although Detroit is obviously the most devastated large city in America, the news is now out that many of the other metropolitan areas of the country are now suffering the same fate. My contention has always been that Detroit was just hit by the first part of this destructive wave, but I knew that it was going to hit the rest of the country. It is just not possible for the heart of the manufacturing base to be destroyed and to maintain a healthy country. But this is what people were led to believe by the mainstream media. Such is the quality of thinking and reasoning of the masses.
And believe me, the mentioned cities in the report from Forbes at the link above are not the only cities being hit by this economic depression. We know that California is experiencing the biggest fiscal deficit of all the states, so it isn't a surprise that Los Angeles is having major problems as well.
The biggest surprise to me is the non stop march of money to the Military-Industrial Complex (as Eisenhower referred to it in his outgoing speech). This country spends TRILLIONS of dollars on guns, weapons and the 'War on Terrorism' like there is no other priority. Of course, this is to protect us from these legions of terrorists who are just lurking around, waiting to kill all of us.
So let me get this right: we spend more on weapons and defense than all other countries in the world COMBINED, but we can't stop terrorist attacks without spending even MORE money? And in spite of all these expenditures, we still had a terrorist attack (WTC-Pentagon). So now we are fighting 2 wars on the other side of the world to protect America? I wonder how we are protecting America by having the Army on the other side of the planet.
Ok, even if we leave that incredibly large expenditure out of the equation, we still have the banks and other financial interests who are getting large handouts from the government while paying ZERO taxes. So these guys have GREATLY profited from the NINJA loans and other financial shenanigans (like derivatives, high frequency trading, fraudulent financial reporting , etc.), and when they get busted for all of their misdeeds and assorted scurrilous behaviors , they get free government money with no strings attached! No jail time, but 'get-out-of-bankruptcy-free' passes and the biggest bonuses & profits in their history! I'm beginning to think that I went into the wrong occupation...
The bottom line is that we are paying for America to be destroyed, and we're paying top dollar for it, all while our real economy is being decimated. So the rich get richer, and the middle class gets the privilege of being reduced to peon status while receiving the bill for all of it. What a bargain.
We couldn't have destroyed America any better if we would have given the Communists, and any other enemy of the country free access to all of the control mechanisms of the country. If this wasn't the planned destruction of America, it is definitely the best imitation of a plan to destroy America. Unfortunately, by the time people wake up and see what has happened, it will be too late. If it isn't too late already, it is very close to that point.
The worst part of it is that most Americans are busy blaming other average citizens for their own demise while fighting over the crumbs that are left of the shrinking American Pie, the people who are actually doing this (i.e., high level government officials, corporations, lawmakers, lobbyists, globalists, etc.) are sauntering away with all of the money and power.
So what are we going to do about this?
And believe me, the mentioned cities in the report from Forbes at the link above are not the only cities being hit by this economic depression. We know that California is experiencing the biggest fiscal deficit of all the states, so it isn't a surprise that Los Angeles is having major problems as well.
The biggest surprise to me is the non stop march of money to the Military-Industrial Complex (as Eisenhower referred to it in his outgoing speech). This country spends TRILLIONS of dollars on guns, weapons and the 'War on Terrorism' like there is no other priority. Of course, this is to protect us from these legions of terrorists who are just lurking around, waiting to kill all of us.
So let me get this right: we spend more on weapons and defense than all other countries in the world COMBINED, but we can't stop terrorist attacks without spending even MORE money? And in spite of all these expenditures, we still had a terrorist attack (WTC-Pentagon). So now we are fighting 2 wars on the other side of the world to protect America? I wonder how we are protecting America by having the Army on the other side of the planet.
Ok, even if we leave that incredibly large expenditure out of the equation, we still have the banks and other financial interests who are getting large handouts from the government while paying ZERO taxes. So these guys have GREATLY profited from the NINJA loans and other financial shenanigans (like derivatives, high frequency trading, fraudulent financial reporting , etc.), and when they get busted for all of their misdeeds and assorted scurrilous behaviors , they get free government money with no strings attached! No jail time, but 'get-out-of-bankruptcy-free' passes and the biggest bonuses & profits in their history! I'm beginning to think that I went into the wrong occupation...
The bottom line is that we are paying for America to be destroyed, and we're paying top dollar for it, all while our real economy is being decimated. So the rich get richer, and the middle class gets the privilege of being reduced to peon status while receiving the bill for all of it. What a bargain.
We couldn't have destroyed America any better if we would have given the Communists, and any other enemy of the country free access to all of the control mechanisms of the country. If this wasn't the planned destruction of America, it is definitely the best imitation of a plan to destroy America. Unfortunately, by the time people wake up and see what has happened, it will be too late. If it isn't too late already, it is very close to that point.
The worst part of it is that most Americans are busy blaming other average citizens for their own demise while fighting over the crumbs that are left of the shrinking American Pie, the people who are actually doing this (i.e., high level government officials, corporations, lawmakers, lobbyists, globalists, etc.) are sauntering away with all of the money and power.
So what are we going to do about this?
Wednesday, October 07, 2009
Some Observations Regarding Economics
Everybody knows that we're experiencing some tough times. I read a lot of information on economics and finance. My opinion of the current economic situation is that it was predictable. There appears to be two forces at work here, but first I will talk about the monetary situation.
In previous times, numerous substances were used as money. Tobacco, sea shells, tally sticks, salt, gold, silver, etc., have all been used as money. Historically speaking, the substances that functioned as the best forms of money have been gold and silver. I understand this, and a number of people understand this as well. This is the reason why the price of gold and silver are so high today, and why they do a better job of preserving their value, regardless of what happens in the world's financial markets.
While gold and silver are excellent forms of money, they do have some disadvantages. They are bulky and hard to carry around. It is almost impossible to carry around gold for everyday transactions because it is so valuable. And you can forget about using silver for that because it is extremely heavy. Another problem is that they are very rare. Although the rarity of gold and silver make it valuable, it also makes it virtually impossible for them to be used as money because there just isn't enough of it to support world trade. Some of these facts may be the reason why the world's financiers choose to manipulate and suppress the gold and silver commodity exchanges.
So although I know that gold and silver are great for preserving your wealth from inflation and hyperinflationary destruction of financial (paper) assets, everybody does not have this option. With over six billion people in the world today, there just isn't enough gold and silver to make world commerce work. That's just a cold, hard fact. This is why credit is used as money. There is no limit to how much can be produced.
Unfortunately, the same thing that is good about credit is also a weakness of it. Because there is no limit to how much credit can be produced, this can also cause problems in society, and we are experiencing them now. If credit is to be used, there should have been some sort of limit placed on how much would be emitted. The old saying is that 'absolute power corrupts absolutely', and we're seeing this happen with the big banks. Unfortunately, the average person is being given the bill for the wayward antics and tendencies of these banks. They basically got no penalty, while average people are the ones who will pay the penalty and the bill.
Times will probably get tougher for average people, and especially for people that depend upon a job for their income. But people who can take advantage of world trade (outside of the United States), and people who can participate in technological innovations will probably soar ahead with financial growth opportunities. But those who are left back with the old ways of doing things will be left behind. The economic environment is changing, and the person looking for a job will be left behind if s/he does not develop marketable skills that will be in demand today, and in the future.
In previous times, numerous substances were used as money. Tobacco, sea shells, tally sticks, salt, gold, silver, etc., have all been used as money. Historically speaking, the substances that functioned as the best forms of money have been gold and silver. I understand this, and a number of people understand this as well. This is the reason why the price of gold and silver are so high today, and why they do a better job of preserving their value, regardless of what happens in the world's financial markets.
While gold and silver are excellent forms of money, they do have some disadvantages. They are bulky and hard to carry around. It is almost impossible to carry around gold for everyday transactions because it is so valuable. And you can forget about using silver for that because it is extremely heavy. Another problem is that they are very rare. Although the rarity of gold and silver make it valuable, it also makes it virtually impossible for them to be used as money because there just isn't enough of it to support world trade. Some of these facts may be the reason why the world's financiers choose to manipulate and suppress the gold and silver commodity exchanges.
So although I know that gold and silver are great for preserving your wealth from inflation and hyperinflationary destruction of financial (paper) assets, everybody does not have this option. With over six billion people in the world today, there just isn't enough gold and silver to make world commerce work. That's just a cold, hard fact. This is why credit is used as money. There is no limit to how much can be produced.
Unfortunately, the same thing that is good about credit is also a weakness of it. Because there is no limit to how much credit can be produced, this can also cause problems in society, and we are experiencing them now. If credit is to be used, there should have been some sort of limit placed on how much would be emitted. The old saying is that 'absolute power corrupts absolutely', and we're seeing this happen with the big banks. Unfortunately, the average person is being given the bill for the wayward antics and tendencies of these banks. They basically got no penalty, while average people are the ones who will pay the penalty and the bill.
Times will probably get tougher for average people, and especially for people that depend upon a job for their income. But people who can take advantage of world trade (outside of the United States), and people who can participate in technological innovations will probably soar ahead with financial growth opportunities. But those who are left back with the old ways of doing things will be left behind. The economic environment is changing, and the person looking for a job will be left behind if s/he does not develop marketable skills that will be in demand today, and in the future.
Friday, October 31, 2008
War Of Attrition
http://www.gold-eagle.com/editorials_08/west102908.html
The gold price is going to explode due to the incredibly vast amounts of
liquidity (monetary aggregate) that has been put into the US (and world)
economies by their respective central banks. It's really a simple
concept. The more money placed into circulation (that is not directly
proportional to tangible wealth and economic activity) is vastly
inflationary, and devalues the currency. The world has placed at least
approximately $3 TRILLION of money into the economy over the last few
weeks. This is going to work to destroy the value of any currency, and
will cause a massive price explosion in tangibles, especially precious
metals. This may sound like a bunch of crap to the uneducated, but you
can mark my words, and a year from now, you will see.
The mainstream media is being used to mollify the concerns of the
average viewer who relies for all of his information from the
television. That is the same thing as the sheep asking 2 wolves what's
going to be served for dinner! It will take courage and great
understanding for the average person to stand up for his own interests,
and against the numerous rantings of the 'talking heads' placed on the
television as the financial experts. How have those stock investments
been working out for you lately? Even if you have nominally kept your
same cash values (which you probably haven't), you are also going to
lose big money when the US dollar starts to tank again. None of the
fundamentals that have weakened the USD have changed. In fact, they
have all deteriorated.
You need to start reading and learning something so that you can make
your own investment decisions. Even if you can't get that much
sophistication, you need to be asking your financial planner some very
tough, well-constructed questions about your portfolio, or you're going
to be another victim of the System.
Thursday, June 21, 2007
America's "War" on Terrorism Revisited
Chossudovsky wrote an excellent book entitled America's War on Terrorism. It provides important information on the dynamics of the bogus War on Terrorism and the way it works. I didn't read the entire book, but I've found an important summary of the book. It is very hard-hitting, mainly because the book is thoroughly researched with footnotes & references to everything being said.
The book is NOT speculation based on opinion. He demonstrates how the official story of 911-WTC attacks can not be true, and proves that the reasons and picture we are being fed by the mass media are contrived to give the people a false picture. I'm not sure how much justice I can do to the article myself here, but I have covered much, if not most of the issues and topics that Chossudovsky covers in his book. It just takes a discerning, questioning spirit to deduce and infer that the official story being spoonfed to most people is based in illusion and deception. My view is that if we are being fed lies by mass media, there is a reason for it. The reason has to be the concealment of the truth for the detriment of those who view and believe the material as given. There is no other logical conclusion. Nobody lies to benefit others. The lie is always to the detriment of the victim being deceived.
I did notice that Chossudovsky mentions that the corporations, banks, governments, etc., are all the beneficiaries of these lies being foisted upon the people, but I beg to differ in a technical point. I contend that corporations, banks, governments, Wall Street and financial interests, the Military-Industrial Complex, etc., are all fictional entities that are used to conceal the identities of those individuals who are the true actors and designers of these events! They're just imaginary constructs that we've been indoctrinated and conditioned to believe exist. This may sound bizarre, but only because we've been trained to think of these imaginary creations as being concrete and tangible. If you sit down and think about it, you'll realize that a corporation is created on a piece of paper called 'Articles of Incorporation'. A government is created on a piece of paper called a 'Charter' or a 'Constitution'. The government or corporation cannot do anything! The real live flesh & blood people who hide behind the 'corporate veil' are the ones who perform all of the actions attributed to these organizations.
I must agree with Chossudovsky's view on things. I've independently researched the status quo and how we've been indoctrinated, as well as thought and reflected upon many things related to these topics, and I must say that he is right on the money. The only thing that I haven't seen him refer to (which I see that most researchers fail to mention) is the power and capacity of the Vatican and it's involvement in these matters. It seems to be a blind spot of most researchers.
I don't agree with everything at this web site, but I've never been one to discount everything that a person says just because I do not agree with some things that they may say. I believe that nobody is all wrong, nor is anybody completely correct in everything that they may say. But I do know that truth can be found from anywhere. Nobody has a patent on the truth! I also know that the more research that you do, the closer you get to understanding the Big Picture. Understanding the Big Picture usually allows you to understand events in some sort of context that makes sense. Most people do not have this bird's eye perspective on subjects, or on society. This lack of perspective and understanding on a deep level is what makes is possible for mass media sources to control the minds of men who believe and trust the information being disseminated through these methods.
The book is NOT speculation based on opinion. He demonstrates how the official story of 911-WTC attacks can not be true, and proves that the reasons and picture we are being fed by the mass media are contrived to give the people a false picture. I'm not sure how much justice I can do to the article myself here, but I have covered much, if not most of the issues and topics that Chossudovsky covers in his book. It just takes a discerning, questioning spirit to deduce and infer that the official story being spoonfed to most people is based in illusion and deception. My view is that if we are being fed lies by mass media, there is a reason for it. The reason has to be the concealment of the truth for the detriment of those who view and believe the material as given. There is no other logical conclusion. Nobody lies to benefit others. The lie is always to the detriment of the victim being deceived.
I did notice that Chossudovsky mentions that the corporations, banks, governments, etc., are all the beneficiaries of these lies being foisted upon the people, but I beg to differ in a technical point. I contend that corporations, banks, governments, Wall Street and financial interests, the Military-Industrial Complex, etc., are all fictional entities that are used to conceal the identities of those individuals who are the true actors and designers of these events! They're just imaginary constructs that we've been indoctrinated and conditioned to believe exist. This may sound bizarre, but only because we've been trained to think of these imaginary creations as being concrete and tangible. If you sit down and think about it, you'll realize that a corporation is created on a piece of paper called 'Articles of Incorporation'. A government is created on a piece of paper called a 'Charter' or a 'Constitution'. The government or corporation cannot do anything! The real live flesh & blood people who hide behind the 'corporate veil' are the ones who perform all of the actions attributed to these organizations.
I must agree with Chossudovsky's view on things. I've independently researched the status quo and how we've been indoctrinated, as well as thought and reflected upon many things related to these topics, and I must say that he is right on the money. The only thing that I haven't seen him refer to (which I see that most researchers fail to mention) is the power and capacity of the Vatican and it's involvement in these matters. It seems to be a blind spot of most researchers.
I don't agree with everything at this web site, but I've never been one to discount everything that a person says just because I do not agree with some things that they may say. I believe that nobody is all wrong, nor is anybody completely correct in everything that they may say. But I do know that truth can be found from anywhere. Nobody has a patent on the truth! I also know that the more research that you do, the closer you get to understanding the Big Picture. Understanding the Big Picture usually allows you to understand events in some sort of context that makes sense. Most people do not have this bird's eye perspective on subjects, or on society. This lack of perspective and understanding on a deep level is what makes is possible for mass media sources to control the minds of men who believe and trust the information being disseminated through these methods.
Monday, October 10, 2005
It's not a pretty picture...
I found an article dealing with the financial picture here in America. It's not looking so good for the country, regardless of how you are doing as an individual. I suspect that most people are being squeezed by the banks and other corporations out there. Remember that your alleged governments (at all levels) have all been incorporated. So they are victimizing the entire country, better known as 'We the People'. In addition, there is a high danger that bank accounts and other investment vehicles could be seized or effectively nullified by your friends in government. I'm just trying to get you to wake up and realize what your options are before it is too late. Wake up while there is still time! The time to prepare for something is before it happens. When it is obvious to the average person that danger is near, it is much too late to prepare for it. But the wise person studies a situation and prepares for it ahead of time. I hate to be the bearer of bad news, but you will thank me later if I am right. I really hope that I'm wrong, but it doesn't look like it.
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