Topic: Economics
Run From US Paper While You Still Can! I Will NEVER Invest in US Paper Money Again and I, as a Layman, Will Explain Why.by Tim Gandee
(libertarian)
Monday, May 18, 2009
I will NEVER believe in this paper money game ever again (stocks, bonds, and dollars) and I wanted to take a moment to write to the people I care about. Let's just say a layman is trying to warn you about the upcoming tsunami of price inflation to come. The first wave has hit and while most "feel" the seas calming, let it be said that the financial crisis of 08 was just the first wave of many to come. I suggest heading for higher ground if I were you.
While I may not be an economists, the signs are there for much trouble to come.
The insider trading, stock dilution, fraud, and propaganda spewed by these "financial experts" in the mainstream and financial world is utter nonsense. There are no "green-shots" or "mustard seeds" of growth in the economy. In fact, the mustard seeds touted by the little men in the TV are nothing more than mustard gas of a fiat dollar waiting to release its death gas.? The fundamentals of the American economy are completely impaired and nothing has changed since the Bush and Obama TARP programs and corporate socialism programs were forced down the throats of the American public. The only reason we are having any sort of rally in the market is because of government funding has taken the place of private investment and the hundreds of trillions of dollar derivatives in the market has not even seen its full unraveling. More substantial pain is to come, so take this dead-cat bounce of the market as an opportunity to get out of the paper money game. Your wallet and livelihood will depend on it.
The commercial real estate defaults are rising, which will call for more derivative contracts to be paid out with money that is not available unless the government steps in, which it will, and prints away those fraudulent bets though AIG. These payouts will continue to fund the likes of AIG, JP Morgan, Goldman, etc, so that one day the failed executives of these companies can be promoted to appointed positions within the Treasury and the various branches of the Federal Reserve - ala Tim Geithner.
The Alt-A and Option Only ARMS are set to reset at the end of this year and beginning of next and the amount of money outstanding in these residential real estate markets are somewhat larger than the sub-prime crisis that erupted last fall. Credit card defaults and college student loans are not being paid because of a 20% unemployment rate (google Shadow Stats) and there are many more derivatives that are tied to these loan programs as well. Unemployment continues and more defaults will follow and this will cause the further unwinding of the hundreds of trillions of dollars derivative contracts linked to these financial products. Expect TARP II times two when these financial issues surface at the end of this year or beginning of next.
The investment options touted by the retirement fund managers that I know point me to Wall Street for for my supposed days of retirement, but these firms have been selling counterfeit government bonds and these same stock companies are heavily invested in derivatives related to the residential Alt-A and Option Only Arms, commercial real estate market, credit card industry, student loans, and car loan industries. The bailouts will continue and will include companies no one thought would need government funds. In fact, Life Insurance companies now are lining up for a bailout and pension funds will be next to hold out their tin cups. State governments have been funneling money from the Federal Reserve and Federal government for their bloated government largesse and the Federal Reserve has been funneling Trillions to other countries and central banks that have drank the Kool-Aid of US counterfeit money. Hopefully all of you will see the reality of the Federal Reserve's Trillions once HR 1207 comes up for a vote later this summer.
This ponzi scheme has only begun to unravel and each time the government calls to bailout these companies, more US dollars will flood the market resulting in price inflation down the line. The lag time for monetary inflation to push prices upwards is getting smaller and smaller with each increase in the Federal Government's crony capitalism. Combined that with the fact that our foreign investors are deciding not to fund the increased wars and corporate welfare programs brought upon by the Bush and Obama Administration and you have a recipe for trillions of dollars flooding our US economy. The dollar is doomed and our Federal Government is quickening the pace.
Because of this, I have shorted all of wife's, my children's, and my government bonds, US stocks, and any other paper money instruments. All of the liquidated funds have been invested into physical precious metals, food, and deleveraging of my family from the debt I piled up during this false, consumer based bubble of the American economy that is being perpetuated by the Federal Reserve. Foreign stocks are another option, but they still have the same counter-party risk that can fall prey to the same nonsense, theft, and fraud perpetuated by the foreign counterparts of Wall Street, The US Treasury, The Federal Reserve, Congress, and the White House. These US agencies are either incredibly inept or completely lying and I, for one, will not be had again.
A vast majority of the American public do not understand the fiat money US dollar system in which we live and the advice that has been given by brokerage firms, the traders, and the sort (including the mainstream media and Washington) have done nothing but line their pockets at the expense of the unknowledgeable. Flee the market while you still have a pittance and get into commodities. Your retirement and overall well-being is at stake.
The views expressed in this
article are those of Tim Gandee only and do not represent
the views of Nolan Chart, LLC or its affiliates. Tim Gandee is
solely responsible for the contents of this article and is not an
employee or otherwise affiliated with Nolan Chart, LLC in his/her role as a columnist.
The fiat money game is rapdily unravelling, and coming to an end; they say the system depends on the confidence of the people who use the fiat money system, but even confidence is a commodity that can and will run out when the overlords of the system begin to show holes in the bottoms of their shoes.
The way the fiat money game has been set up, has always been a legal form of institutionalized gambling and speculation.
When banking laws permit a lending company to borrow 1 fiat dollar from the federal reserve, and then legally use it as a basis to lend out 10 times as much (charging interest on that inflated imaginary lent money), it can be seen that an ever increasingly unstable inverted pyramid is statistically the only mathematical attractor.
By design, instability is built into the system, as time goes by the instability gets more endemic until the whole risk based accounting system eventually topples.
Such is the inherent defect of a "fractional reserve" money system, debt legally based upon imaginary assets.
The only way out of this magical thinking based monetary system, is to do what you suggest - get out of imaginary money and get into real commodities, that have actual real value.
I appreciate your comments. I have to tell you that a mass awakening of knowledge is hitting the world like never before. How do I know this to be the case? One only has to look at me to see it.
I paid attention to absolutely none of the politcal rhetoric coming out of Washington and cared only for what bobbles and trinkets I could buy for myself, wife, and kids. The borrowing train was the easiest train to get a ticket for, but thank heavens I woke up while still being able to service my debt while also having extra money to support my lifestyle above and beyond that debt.
Congressman Ron Paul opened my eyes to the fiat dollar empire that is upon us. The monetary policy of the US was not the idea that drew me into the libertarian philosophy, but the idea of civil and economic liberties. I finally saw someone espousing the ideas of life for what I knew to be true. This idea of a gold standard was something that I dismissed as nothing of concern, but deeper down the rabbit hole the shinning light of gold vs. the fiat dollar is the thing that ties freedom all together.
There are many aspects of the libertarian leanings that appeal to most of the population. One aspect of this political and life philosophy is enough to get someone to think for themselves and to question authority. It takes some time to sift through the education of freedom's true foundation, but once the freedom ideas takes a hold that person's life will never be the same.
Many people are coming to the realization of the truth and no amount of government propoganda can refute what we all know to be true and self-evident. I feel blessed to be a part of this awakening and I enjoy watching others start the process of waking up.
It is interesting to see the seeds of freedom that I have planted in the ones I love start to grow and flourish. The tree of freedom is indeed growing and each tree of freedom starts to disperse seeds all around them. The growth of the freedom forest multiplies quickly and the time for a glorious age is coming upon us.
"Give me control of a nations money supply, and I care not who makes its laws." -Mayer Amschel Rothschild (Founder of the Rothschild Banking Dynasty)
Rothschilds, Rothschilds, Rothschilds...
The Rothschild Banking Dynasty funded the early Zionist movement; started stealing/purchasing lands in Palestine in the 1880s; and donated much of the funding for "Israel's" Knesset building.
Oh, not to mention they were also the leading force behind the creation of the Federal Reserve of America, the Bank for International Settlements and the International Money Fund.
And their agents have worked through such other fascist/corporate businesses like the BCCI (arms dealing, drug smuggling, etc.) and have also served in the CFR, Trilateral Commission and Bilderberg Groups.
Everywhere you look, the omniscient/omnipotent powers of the Rothschilds can be found. They truly are "The Money Masters" and the leading cabal of international bankers behind the Illuminati.
Good article. This is exactly what I did some months ago. My savings were all in a 401K. I pulled every dime out that I could and I stopped contributing any further money into the account. With the thousands I pulled out, I paid off all debt, increased and shored-up my home food and water supply, and now continue to replace those fake retirement dollars with real silver (I prefer Morgan Silver Dollars).
Keep in mind that EVERY war since and including WWI has been financed by the Federal Reserve Bank. Furthermore, every dollar stolen from every US citizen goes directly to pay for the interest on the money the Federal Reserve creates from thin air. Check outthe Grace Commission Report during the Reagan years.
This private cartel goes against much of the US Constitution -
Only Congress has the authority to coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
Will Congress prosecute the Federal Reserve for counterfeiting over $9 Trillion Federal Reserve Notes over the past 8 months?
Article 1 Section 10.1 forbids the States from making anything but gold or silver a legal tender. Yet our Federal Government usurps the State's right by decree of fiat dollars.
The Constitution forbids the federal government from making decisions regarding legal tender completely, since it is not authorized to do so. By default, it is the lack of authorization which prohibits the federal government.
Refer to amendments 9 & 10. Basically, anything that the federal government is not authorized to do is a right of the States or the people UNLESS the States are forbidden, which in this case they are as per Article 1 Section 10.1
So, ultimately, the federal government is prohibited from printing fiat money since there is not specific authorization for it in the Constitution. The States are also prohibited from printing fiat currency because Article 1 Section 10.1 limits States to only using gold or silver as money.
The Federal Reserve Act does NOT override the US Consitution.
On May 21, many leaders of national organizations dedicated to the defense of liberty and the Constitution are retracing the 1910 travels of the global financiers who quietly gathered at a private resort at Jekyll Island, Ga., to covertly plot the creation of what we know today as the privately owned (and unconstitutional) “Federal Reserve System.”
Next week, freedom leaders travel by train from New Jersey to that notable location to join their organizations in support of the upcoming historic “Continental Congress 2009” initiative. CC2009 will be a multi-week assembly of delegates from the 50 states to formally document for the nation a century of constitutional violations and the federal government’s patent refusal to be held accountable to the law of the nation. Among the violations are the Treasury and Fed bailouts, which use public moneys for unlawful expenditures for private benefit.
The CC2009 Assembly will recommend specific actions the people can take to peacefully restore constitutional order. These actions might well include a nationwide call for the people to (lawfully) withdraw all financial support from the government until the Constitution is fully obeyed.
To learn about the little-known, 900-year history and profound power of the petition clause, visit www.WeThePeopleFoundation.org.
Posted By: Jake Towne, the Champion of the Constitution
Date: 2009-05-21 17:04:12
Good stuff Timothy... if you've read my articles you will realize that I pretty much agree. We are in for some rough times.
One nit-picker I have is your sign-off phrase., which might be worth a moment of philosophy as to me its redundant "Health, wealth, and happiness,"
The word "wealth" is derived from the word "weal", which is synonymous with well, as in well-being. What makes you wealthy increases your well-being.
Therefore, to be "wealthy" it doesn't mean just money (to me, it varies from person to person), it means all three things you mentioned, your life and health primarily, then your friends and family - which gives you happiness - then money, etc.
Personally I can stare at a pile of gold I own - or turn it into a house and land - and not feel an iota wealthier. I am poorer than the lowliest street sweeper without my health and my loved ones.
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