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| | If this doesn't scare you, you didn't read it well enough | | | | Saturday, April 26, 2008 (9:45 AM) | | I didn't write this, all credit is given to the correct people
www.webeatthestreet.com
"If you think markets are free and unfettered I've got a creaky, massive bridge for sale in Michigan illustrating an accurate measure of our current dependability in liberty, freedom and free enterprise. To summarize-there isn’t any."- Traderrog
We've been reading a stuffy old book published in 1931 entitled “The Economics of Inflation-A Study of Currency depreciation in Post War Germany." We strongly recommend a good rest and lots of coffee to pay attention while plowing through this tome. However, the more you read it and think about comparative events from that era with today’s market action, we guarantee you won’t fall asleep but will find new exposure to terrifying naked fear. Similarities are astounding to say the least.
Events of that volatile time are rewinding before our very eyes. The bottom line in this book tells us the worst of the worst events post-World War I and probably even during the first World War itself were caused by deliberate, treacherous acts of an industrial-banking cabal to create war, inflation, and depression, which they later found to be the origin of “Great Private Fortunes Amassed During The Inflation.” In other words, these dudes instigated havoc and hell for their own Sheeple just to steal millions and billions from them. And the bad news from this event was that it worked.
One analyst has long told us to invest for the longer term in the American defense industries as the industrial-military-complex shall engage us in war indefinitely. This essayist has proven spot on as we noticed this morning a major Air Force supplier just reported an excellent quarter with a higher dividend proposed. The business of war is very big business. Now, it has been reported a larger portion of the war stuff used in Iraq has been broken, busted, blown-up, or run-down. Seems we have to begin the super expensive rebuilding process of war material all over again.
Another essayist wondered out loud why we have American military forces in 160 countries. I didn’t even know there were that many in the world. But I clearly understand “War Forever” makes a few people very rich-just ask the Rothchild’s. We’ve seen old stories that this historic bank was the chief source of funds in several wars sometimes loaning millions for both opponents. Some people will do anything to make money. Incidentally, just a few years ago they stopped being part of the London pool setting daily gold prices. They resigned that position. Why do you suppose that is? We think you cannot be a gold price setter and perhaps be allied with those clamping down gold prices when you really prefer to be a gold buyer? Make sense?
In our Trader Tracks Newsletter this week we reported upon two April 2008 stock market manipulations to prop the S&P’s when it appeared the ‘Sell in May and Go Away” cycle was about to sell stocks with vigor. Along with shares propping, of course, they sold-off gold just when gold futures were peaking and turning down for a normal cyclic correction. If you are going to hurt gold you kick it when it’s most vulnerable. Another reporter told us the same eight bullion banks shorting gold are engaged in nefariously buying S&P’s. Free Markets? If you think so, come buy a piece of Michigan. Better hurry before it falls down from neglect, disrepair and budgetary childishness.
Author, Costantino Bresciani-Turroni, writer of this very interesting and complex book tells us, “In post-war Germany the spirit of speculation spread in all classes of society as a result of the inflation. For the inflation made all values unstable, and obliged many of the working classes and those with small incomes to seek profits on the Bourse in order to supplement their incomes which were continually being reduced by monetary depreciation.” Does this sound quite familiar?
The author went on to tell us, “To understand the phenomenon of the rapid accumulations of large fortunes, it is necessary to take account of these two circumstances: on the one hand, for a number of reasons some individuals secured enormous liquid money capital;(today’s hedge funds?) on the other, exceptionally favorable circumstances occurred (manufactured deliberately?) owing to the depreciation of prices; for the employment of those sums of money.”
"In short, it was a planned set-up from day one to instigate war and inflation using the tools of government spending to screw-up the money supply and socially agitate the Sheeple." - Traderrog
Relative to purchasing foreign goods, it is important to understand the role of gold bullion after World War I, we are told, “It is obvious that the desire to support the (stock) exchange by selling foreign securities, or selling gold abroad (U.S. government paper and our central bank gold-this era), while the internal monetary inflation exercised a continual pressure on it, was a mistaken policy. In the last phase of depreciation of the German mark, the purchasing power, AT ANY GIVEN MOMENT, in terms of gold or domestic goods was also uncertain (1923).”
“Consequently, those who possessed metallic money (gold or silver) could then live cheaply in Paris just as after the World War (I) the possessors of foreign exchange could live cheaply in Vienna or Berlin. A speculator who had spent 1,000 paper francs (i.e. 4 gold francs and 16 sous)on a dinner declared that formerly he never spent less than 12 francs on his dinner. Even in that episode shrewd business men had converted their paper money into metallic money (gold and silver just) in time.”
There it is. History repeats and now we enter the more inflative phase of today, where prices move steadily toward uncontrollability. This is the time when real pain begins as household budgets implode and hard decisions are made to eat, pay rent or lose utilities. Early stages are those where discretionary expenditures are eliminated. It’s easier to forego vacations, entertainment, fancy restaurants and other supposed luxuries. Today is April, 2008. Today copies April, 1922 in Germany.
In the next painful phase, selective medical and dental procedures are delayed indefinitely. Credit cards instead of cash are used for daily necessities lik food, gasoline and even utility payments. Payments formerly-regularly paid in full become partial payments. Credit card charges pile higher and monthly payments of interest on them increase radically. Near the end, the interest portion of the payments greatly exceeds the borrowed amounts. Dancing lessons and summer camp are eliminated. No more lawn service, or visits to the fancy beauty parlor. Private schools turn into public education at great risk to kids. Auto repairs are delayed. Second and third family cars are sold off or repossessed. Finally, as in the case of millions of former homeowners who were foreclosed, the family castle is gone as single twenty-somethings return home to live with retired mom and dad; often times with babies.
The third phase is the worst and we will leave that discussion for another day. We forecast that this last and final phase arrives in fall of 2009 and the first quarter of 2010. This one is the uglier of nightmares. Lots of events both natural and instigated by further treachery can derail cycles and schedules but the final outcome is always the same; first we get unmitigated, government-induced economic disaster followed by global war.
Since we already have two wars in process within Afghanistan and Iraq, the last and worst phase might be the spreading of Middle Eastern conflict to include millions of Arabs from several countries against Israel. Contemplation of this scenario is horrible. Pakistan has the nuke-tipped missiles ready to fly. Guess who lives in that neighborhood in the mountains? Who is in charge within that Pakistan government? Nobody!
Meanwhile, in the United States the Sheeple are dramatically engaged with total seriousness to determine, which useless idiots we can elect to lead us into further mayhem. Our economy is disregarded. After all Congress still has all of their perks including limos, housing, fat pensions, huge free staffing and of course taxpayer-paid lawyers when they make mistakes and get caught.
To scoop up newer sucker voters they just keep promising things these fools will believe. A chicken in every pot, back-up financing for the mansion you bought and cannot pay for, and of course subsidized faulty education, free medical and dental-cradle to grave, and finally social security for at least a little while until government credit ceases to exist. Why, just this week, we heard noises the U.S. Government could potentially lose their AAA credit rating based upon certain negative events.
And of course those engaged in the master planning of this debacle, get richer, fatter and more bold in their choices to produce more for themselves at the expense of you, innocent children and all of those killed and maimed in war.
What goes around comes around. I remember from history about some rich, French chick with a crown of gold on her head suddenly losing that pretty head when she said, “Let them eat cake.”
Dollar, Gold, Silver And Their Shares Soon Diverge From New York Indexes
"Traders are patiently waiting for our favorite precious and metals shares trade. They will rally swiftly against a falling dollar and most importantly, falling mainstream shares in the New York stock index markets. This is a very gradual event influenced by several factors. The roadblocks for our desired divergence, or separation could become reality after the fall U.S. Elections. With Europe, Asia and the U.S. all in a spreading global recession, our metal trading should ignore selling larger share markets. This is the line in the sand for Phase III. This should be the time when the herd, the Sheeple, finally catch on and abandon the “others” and focus on precious metals. On that day, we’ll see blistering rallies in all precious metals and their corresponding shares." - Traderrog
In our newsletter, Trader Tracks, we provide weekly guidance and extra e-mail alerts to report our best new trades and offer suggestions for trade management.
Whatever you do, make a concerted effort to stay with the trend and hang onto your core holdings of preferred shares, cash, and coins. Physical gold should never be sold or, traded but rather accumulated steadily on a monthly savings plan and squirreled away. Big traders are always ready to buy on the dips and normally never sell their gold and silver. You would be amazed how quickly your physical gold and silver will accumulate using this strategy. - Traderrog
Roger Wiegand
Editor Trader Tracks Newsletter
& The 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 and futures- commodities trading with specifics for individual trades. See www.webeatthestreet.com for more information.
Contact Claudio Bassi, at Trader Tracks New York City publishing offices for a modestly priced trial subscription 718-457-1426 Monday through Friday, 9:30am to 5pm or, e-mail Claudio at cbassi@miningstocks.com
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| | No Child Left Behind JOKE | | | Tuesday, April 22, 2008 (12:51 PM)
(I'm feeling amused) | | No Child Left Behind:
The Football Version
l. All teams must make the state playoffs, and all will win the championship. If a team does not win the championship, they will be on probation until they are the champions, and coaches will be held accountable.
2. All kids will be expected to have the same football skills at the same time and in the same conditions. No exceptions will be made for interest in football, a desire to perform athletically, or genetic abilities or disabilities. ALL KIDS WILL PLAY FOOTBALL AT A PROFICIENT LEVEL
3. Talented players will be asked to work out on their own without instruction. This is because the coaches will be using all their instructional time with the athletes who aren't interested in football, have limited athletic ability, or whose parents don't like football.
4. Games will be played year round, but statistics will only be kept in the 4th, 8th, and 11th games.
5. This will create a New Age of sports where every school is expected to have the same level of talent and all teams will reach the same minimal goals.
If no child gets ahead, then no child will be left behind. | | | | 107 Views | 2 Thumbs Up | 3 Comments | |
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| | Are you an ignorant American? | | | Tuesday, April 22, 2008 (10:40 AM)
(I'm feeling contemplative) | | It is sad that many americans have such strong, yet ignorant, opinions of others. Especially, when they can't even point to a map of were those, "others" live. Let us stop adopting the opinions of what the media feeds the american public. let's become dangerous....... let's get educated!
http://www.lizardpoint.com/fun/geoquiz/worldquiz.html
Let me know if you learn anything from that link!
It is one thing to memorize something in school for a test. It is something all together different to educate myself out of perceived necessity.
My goal is to become a better citizen by educating myself. Anyone want to join me? | | | | 105 Views | 3 Thumbs Up | 3 Comments | |
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| | An add on to my video from yesterday | | | Friday, April 18, 2008 (5:14 AM)
(I'm feeling amused) | | This post is connected to my video http://www.livevideo.com/video/0965CC0D5B7A41D1A1F95FC8380E0EF3/you-have-been-warned-.aspx
When I meet a government which says to me, "Your money or your life," why should I be in haste to give it my money? - H.D. Thoreau
I ... place economy among the first and most important of republican virtues, and public debt as the greatest of dangers to be feared... And to preserve (our) independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude. - Thomas Jefferson, from a letter to Governor Plumer, July 21, 1816.
Blessed are the young, for they will inherit the national debt. - President Herbert Hoover
To steal from one person is theft. To steal from many is taxation. - Daiell's Law (a take-off on Felson's Law)
The federal income tax system is a disgrace to the human race. - Jimmy Carter, 38th President of the United States
The current tax code is a daily mugging. - Ronald Reagan, 39th President of the United States - Labor Day address, Independence MO, 2 Sep 85
Read my lips. No new taxes. - President George Bush, 40th President of the United States
I have no intention of raising taxes. - President Bill Clinton, 41st President of the United States
Congress tried to soak the rich, but drenched the middle class instead. - Sen. Connie Mack, R-Fla., during debate on H.R. 2264, the 1993 budget reconciliation bill
The art of taxation consists in so plucking the goose as to obtain the largest possible amount of feathers with the smallest possible amount of hissing. - Jean B. Colbert
The income tax created more criminals than any other single act of government. - Barry M. Goldwater
I haven't committed a crime. What I did was fail to comply with the law. - David Dinkins, Mayor of New York City
The difference between tax avoidance and tax evasion is the thickness of a prison wall. - Denis Healey
Don't steal. The government hates competition. - Bumper Sticker
Loophole: To liberals, any provision of the tax code that fails to claim money earned, inherited, saved, or otherwise pocketed by known taxpayers. - The Conservative's Dictionary
Taxation is theft; Conscription is slavery; War is murder. - Unknown
The power to tax involves the power to destroy. - Supreme Court Chief Justice John Marshall, 1819.
If Patrick Henry thought that taxation without representation was bad, he should see it with representation. - The Farmer's Almanac
Have you ever wondered if taxation without representation was cheaper? - Unknown
Our forefathers made one mistake. What they should have fought for was representation without taxation. - Fletcher Knebel, 6/21/99
It's income tax time again, Americans: time to gather up those receipts, get out those tax forms, sharpen up that pencil, and stab yourself in the aorta. - Dave Barry
In 1950, American families sent 1 of 50 of their hard earned dollars to Washington: Today it is 1 in 4. - Rep. John Ensign D-NEV, C-SPAN I, 4 April 1995, 11:03 AM EST
Taxes are not levied for the benefit of the taxed. - Robert Heinlein
Serfs in the Middle Ages had to give up 20% of their income yearly and that made them virtual slaves. Today the average American pays 47%. What does that make Americans? - Kenneth Prazak, Secretary of the Libertarian Party of Illinois (Apr 14, 2000)
This huge inventory of taxes has reduced once-proud Americans to the status of chattel slaves. - Paul Roberts in his Feb. 7, 1996 column
According to House of Representatives testimony government at all levels, including regulation, costs Americans 53% of their income. - C-SPAN, 4 April 1995
American workers spend more of their day working to pay taxes than they do to feed, clothe, and house their families. - The Tax Foundation 9/6/99
Taxpayers spend 4.3 billion hours in a year of income tax compliance. That is the equivalent of a work force of over 2,083,000 people, more than work in the auto industry, the computer manufacturing industry, the airline manufacturing industry, and the steel industry combined - Cost of Complying with Federal Income Tax, The Tax Foundation
The best thing we can do for family values is to repeal the income tax. Then families will have the resources they need to implement their own values -- and not those of the politicians. With the income tax gone, families will no longer be forced to have two breadwinners by necessity. Children will be raised better, family values will predominate, and crime will diminish. If your local school indoctrinates your child with values that are alien to you, you'll have the money to buy a private education. - Harry Browne, Libertarian Party
The reason there is a breakdown in family values is that there is no parent at home. The reason there is no parent at home is that one parent works to support the family and the other to support the government. - Representative from Family Research Council, CNN & COMPANY
Bush wants to grant a tax cut of $1.3 trillion over 10 years -- which, as he noted, would amount to 5% of the $25 trillion the federal government expects to collect in revenue over the next decade. Gore, by contrast, wants to dole out a tax cut of $500 billion. That amounts to 2% of the federal government's revenue over 10 years. And there you have it -- their so-called difference. Gore wants to make sure the government gets 98% of its expected revenue; Bush wants the government to pocket 95% of its expected revenue. That isn't a debate; that's a profound agreement, with some quibbling over a few minor details. - Libertarian Party Press Release, October 4, 2000
It's absurd. Mr. Bush believes that paying a third of your income to the Feds is enough. He is following the Republican mantra, smaller government, fewer taxes for everybody, because you should keep more of your own money. That's who the Republicans are. Now you may disagree with that philosophy, and I'll respect your belief, but don't sit there trying to tell me there's some secret pact to make the rich richer. The truth is the wealthy will still pay the overwhelming portion of federal income taxes.
Now some people don't like the rich and want to punish them, some people want to buy votes from the poor and working class, and some people are simply not so smart, but the relentless propaganda continues, "A tax cut for the rich," just like "Every vote must count," just like, "It's only about sex." Enough already! Political disagreement is good. Hysterical propaganda is bad. - Talking Points: Bush Wins Florida, Again!, Bill O'Reilly, Monday, April 09, 2001
If Congress were to pass a flat tax, you'd simply pay a fixed percentage of your income, and you wouldn't fill out any complicated forms, and there would be no loopholes for politically connected groups, and normal people would actually understand the tax laws, and giant talking broccoli stalks would come around and mow your lawn for free, because Congress is NOT going to pass a flat tax, you pathetic fool. - Dave Barry
There is an ancient belief that the gods love the obscure and hate the obvious. Without benefit of divinity, modern men of similar persuasion draft provisions of the Internal Revenue Code. Section 341 is their triumph. - Martin D. Ginsburg
The Tax Code is a monstrosity and there's only one thing to do with it. Scrap it, kill it, drive a stake through its heart, bury it and hope it never rises again to terrorize the American people. - Steve Forbes
All the big corporations depreciate their possessions, and you can, too, provided that you use them for business purposes. For example, if you subscribe to the Wall Street Journal, a business-related newspaper, you can deduct the cost of your house, because in the words of U.S. Supreme Court Chief Justice Warren Burger in a landmark 1979 tax decision: 'Where else are you going to read the paper? Outside? What if it rains?' - Dave Barry "Sweating Out Taxes"
It's a game. We [tax lawyers] teach the rich how to play it so they can stay rich--and the IRS keeps changing the rules so we can keep getting rich teaching them. - John Grisham
Big business never pays a nickel in taxes, according to Ralph Nader, who represents a big consumer organization that never pays a nickel in taxes. - Dave Barry "Sweating Out Taxes"
The nation ought to have a tax system which looks like someone designed it on purpose. - William E. Simon
For every $50 you earn, you get $10 and they get $40. - Jay Leno explaining Form 1040
The IRS has 480 different tax forms, plus 280 more to explain how to fill out the first 480. The original Tax Code had 11,400 words; today it has 7 million. - Rep. Sam Johnson, R-Texas
Your profits are going to be cut down to a reasonably low level by taxation. Your income will be subject to higher taxes. Indeed in these days, when every available dollar should go to the war effort, I do not think that any American citizen should have a net income in excess of $25,000 per year after payment of taxes. - President Franklin Delano Roosevelt's Radio Broadcast, April 28, 1942 (Referring to Seven-Point Program)
Shouldn’t someone tag Mr. Kennedy’s bold new imaginative program with its proper age? Under the tousled boyish haircut is still old Karl Marx—first launched a century ago. There is nothing new in the idea of a government being Big Brother. - Ronald Reagan, In a 1960 letter to Richard M Nixon, which was disclosed in final weeks of 1984 presidential campaign, NY Times 27 Oct 84
I make a fortune from criticizing the policy of the government, and then hand it over to the government in taxes to keep it going. - George Bernard Shaw
The taxing power of the Federal Government, my dear; the taxing power is sufficient for everything you want and need. - Supreme Court Justice Harlan F. Stone to Frances Perkins (1934) on how the new "Social Security" program was constitutional, offering his opinion that the federal government’s recently bestowed power to tax income gives them a carte blanche to begin any sort of government program they wish.
I believe that the 16th amendment has created a system that is economically destructive, impossibly complex, overly intrusive, unprincipled, dishonest, unfair, and inefficient - Rep. Sam Johnson R-Texas on April 10, 1997
All taxes are a drag on economic growth. It's only a question of degree. - Alan Greenspan, chairman of the Federal Reserve Bank
Recession is when your neighbor loses his job. Depression is when you lose yours. And recovery is when Jimmy Carter loses his. - Ronald Reagan, 40th US President - campaign remark recalled when Reagan participated in dedication of Carter Presidential Center in Atlanta, ib 2 Oct 86
The income tax has destroyed the concept of financial privacy. It has demolished the idea that a man's home is his castle. It has provided unlimited funding for politicians to wreck lives and property. It has forced one-earner families to become two-earner households -- leading to decreased parental supervision of children; loss of family values; and increased crime, promiscuity and drug use. So long as the government has the power to invade our lives, rummage through our records, and take what it wants from our income, we will have only as much freedom and take-home pay as the politicians condescend to let us have. - Harry Browne, Libertarian Party
Why does a slight tax increase cost you $200 and a substantial tax cut saves you 30 cents? - Peg Bracken
Bachelors should be heavily taxed. It's not fair that some men should be happier than others. - Oscar Wilde
The trouble with an income-tax reduction is that it will stimulate business just enough to put everybody in a higher tax bracket. - Harold Coffin
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