It has been painful dealing with not just September’s PM DEATH STAR attacks, but this month’s renewed suppressions, particularly given the MASSIVELY gold-positive nature of worldwide news flow.  However, the fact remains that the CARTEL/PPT are LOSING!  Gold was $1,620 in early August, compared to $1,690 today, while nearly ALL Western BANK stocks are at or near new lows.  Yes, the Dow is roughly flat, but the companies that MATTER most to the PPT are floundering badly, such as Bank of America, America’s largest bank, soon-to-be non-marginable (when it falls below $5/share), and subsequently, bailed out or bankrupted despite the piddling investment of scum-of-the-earth Warren Buffett.

A year ago, PSLV completed its $575 million IPO at $10/share, and once this prospectus is approved, the fund’s management (Eric Sprott) will have the option to sell receipts backed by up to $1.5 BILLION worth of PHYSICAL silver to investors, overnight.  As you can see, last year’s PSLV IPO, which occurred concurrently with an offering from sister PM closed-end fund Central Fund of Canada (CEF), presaged the silver price surge that caused the Cartel to resort to its “D-Day” tactics on November 9, 2010.

And given that Europe is tied at the hip, with Italian GDP plummeting into the nether regions, you can bet that EVERYTHING we have experienced in the past month with Italy is about to be repeated in Spain.

Now that the European dirty laundry is cleaned up, and PAPER gold successfully capped YET AGAIN at the ROUND NUMBER $1,700 just hours before options expiration, not to mention at EXACTLY the PM FIX at 10:00 AM EST, as usual, let’s move on to the topic of this RANT.

I titled it “BACK IN THE USSA” as a satire on the classic Beatles song, but also the not-so-subtle reference that America, which for decades proclaimed its hatred of “the Red Menace,” has in just a decade morphed from the world’s most open, capitalistic economy to one combining the worst aspects of socialism, fascism, and yes, the dreaded “C-word,” COMMUNISM.

There is no need to rehash the TOMES of data from prior RANTS regarding how low the American political system has sunk in its quest to “save us from ourselves,” or better put, take everything from us in the name of “national security.”  Famous last words from numerous murdering, totalitarian regimes throughout history, by the way.  However, I want to put the U.S. back into the spotlight today, as it deserves given that it has the MOST DEBT IN GLOBAL HISTORY, growing at the rate of $1 TRILLION per quarter and getting set to accelerate upward in 2012.

Europe is currently hogging the headlines, and may do so for some time given that the Euro Zone could break up any day now, but that doesn’t make it’s situation any worse than the granddaddy of global irresponsibility and profligacy, America.  As far as I’m concerned, the only things separating Europe from the U.S. are the facts that 1) Europe does not have the global reserve currency (and thus cannot print its way out of debt), and 2) it is comprised of 27 disparate governments with their own languages, economies, and even bonds.  Yes, I have written countless times about how the U.S. is far less homogenous than most people think (I expect numerous States to secede in the coming years), but the level of heterogeneity is far greater in Europe, where each nation in the Euro Zone is SOVEREIGN, as opposed to the U.S. states, which are all SUBORDINATE to the Federal government.

Nevertheless, American SOVEREIGNTY, too, will be challenged in the coming years when the world finally accepts the REALITY it cannot pay off its debts.  This acceptance will be the most difficult of all to accept, given that nearly all countries hold DOLLARS as their reserve assets, and thus keep a blind eye to U.S. problems whenever possible, just as they consciously, and unconsciously, ignore what gold is telling them.

In my view, 2011 America is the GREATEST FINANCIAL CATASTROPHE IN HUMAN HISTORY, soon to be unleashed on the world in DEATH STAR fashion.  The “Super Committee” fiasco is icing on the cake, a key inflection point reflecting the exact date when the world starts to recognize the U.S. is bankrupt.  Not only did American politicians destroy the nation with heinous fiscal, monetary, and trade policies, but they didn’t even attempt to cooperate in the eleventh hour, where even a semblance of bipartisanship might buy a bit more time.

Super Committee Says It’s Unable to Agree on Debt Reduction Deal

Even better, I’m about to reveal yet another BAZOOKA that will blow away even the most Pollyana-ish government apologists.  I just looked into the details of the supposed “automatic cuts” scheduled to kick in due to failure of the Super Committee…you know, the cuts that don’t even commence until 2013, AFTER the next presidential election.

And look at this, 18 percent of the automatic savings are assumed to come from interest costs the government would save from reducing the debt!   In other words, if the Super Committee fails completely, out of the $1.2 trillion in automatic savings, $216 billion would be assumed interest savings!

HUH?  With interest rates at record lows, and thus having only one way to rise – UP, particularly following failure to even put a dent in the nation’s EXPLODING debt and deficits, the government is ASSUMING INTEREST RATE SAVINGS in the coming years?   AAAAAAAAAAAAAAAAAAAHHHHHHHHHHHHHHHHH, PUT ON THE STRAIGHT JACKET, RANTING ANDY HAS OFFICIALLY SNAPPED.

Moreover, such “interest savings” are predicated on an improving economy, which in turn would generate additional tax revenues to pay down debt.   So much for that, as 3Q GDP was just dramatically revised downward, AS I SAID IT WOULD BE.  Amazing how the “Wall Street Economists” were assuming 2.5%, but I said it would be 2.0% or lower with absolutely no statistical models to work with, just plain old common sense.  Of course, if the REAL inflation rate were utilized in the GDP calculation, U.S. output would look a lot like the Italian chart above.  But why quibble about 4%-5% of GDP here and there?

Revised Q3 GDP Drops By 20% To 2.0%

And true to form, S&P didn’t downgrade the U.S. after yesterday’s Super Committee failure announcement, even though the announcement fit EXACTLY the criteria they wrote of in August determining why they would downgrade again.  Of course, S&P was practically tarred and feathered following the August downgrade by the U.S. government, which had the gall to tell S&P their math was wrong, before forcing its CEO to resign with a figurative gun to his head.  Moody’s and Fitch, frozen in fear at the thought of being tortured or killed themselves, conveniently left their ratings at AAA, and have been curiously quiet this week.  They are the first to SCREAM how Italy and Greece must be downgraded, but facing the “leaders” of the Nazi States of America, they suddenly become blind, deaf, and dumb (emphasis on dumb).

S&P says NO CUT PLANNED in US credit rating

And don’t expect the PAIN to let up any time soon in “the world’s greatest superpower,” which will shortly be front and center with its financial implosion, which by the way is tied by the hip to Europe as well (can you say Morgan Stanley?).  It shouldn’t be long before Helicopter Ben comes up with some new Greenspan-speak to explain why he is doing QE3, while vehemently claiming it is not really MONEY-PRINTING – count on it, and count on it SOON!

Not only do major U.S. banks face myriad death knells from the collapsing real estate market, imploding economy, and massive exposure to European debt, but they OWE TENS OF BILLIONS in TARP-like bailout repayments, NOW!  And look who owes $7.5 billion THIS MONTH, JP MORGAN.

$52.5 BILLION of virtually free U.S. bank DEBT DUE NEXT MONTH

Before I conclude, I need to point out YET AGAIN why EVERYONE that attempts to invest in the stock market will be DESTROYED, whether they are long, short, straddled, “hedged,” or otherwise.  I cannot SCREAM this loud enough – the STOCK MARKET is DEAD, with the GOVERNMENT and HFT ALGORITHM PROGRAMS accounting for nearly all the volume, with just two goals – to STEAL YOUR MONEY with every illegal trick possible, and influence PERCEPTION by keeping the 30 bleeping Dow stocks from imploding.

Unfortunately, individuals do not have a personal PPT team, but instead an AAPIT, or ASSURED ACCOUNT PLUNGE TEAM, which I will lovably call ARMPIT.

Margin Debt SOARS, most since June 2007, just in time for NOVEMBER ROUT

Readers, you are running out of time to PROTECT YOURSELF, as once the U.S. economy and financial system is back in the media crosshairs, CHAOS will rapidly ensue.  Buying PHYSICAL gold and silver will become much more difficult once the $2,000/oz and $50/oz are breached for good, and NOTHING will compare to the frenzy to buy PHYSICAL metal during a FEAR-based buying frenzy.  And I mean NOTHING!

Moreover, store shelves could quickly empty during times of extreme crisis, and given the irreparable damage to the futures markets done by government manipulation, unfathomable Wall Street leverage, and the loss of CONFIDENCE resulting from the MF Global fraud, don’t be surprised if such events unfold far more rapidly than most can imagine.

PROTECT YOURSELF, and do it NOW!