I’m going to make this short and sweet – stating what we ALL know deep down inside, but many of us don’t want to admit…
A chimp could do a better job than Obama…or Bush…Clinton, or ANY president of the past CENTURY.
Some of us are more political than others. In my case, for example – like Gerald Celente – I am a “political atheist.” However, ALL of us are pragmatists – particularly when it comes to PROTECTING our wealth and livelihoods. Thus, I’m asking you to drop your political biases – especially regarding the upcoming election – and “search your feelings” for what you know to be true. That is, it matters not a whit who wins, as financially speaking, there is NO LONGER a difference between Democrats and Republicans…
Search your feelings …
I’ve shown the following three tables numerous times, and I’ll keep doing so until it sinks in that the ONLY thing that matters to politicians – particularly in an inflationary world – is CAMPAIGN FUNDING. Care of a collapsing economy and the “vicious circle” of BAILOUTS and LOBBYING – Wall Street OWNS Congress, and especially the President. In EVERY way, shape, and form, they owned Bush…
Top Contributors to George W. Bush – 2004 Election
…switching to Obama when they saw the tides turning…
Top Contributors to Barrack Obama – 2008 Election
…and in 2012, switching again…
Top Contributors to Mitt Romney – 2012 Election
And if you think it’s just about the President, below is a table of Senate Banking Committee campaign contributions from JP Morgan, the largest U.S. bank. By the way, giving Senators the responsibility of creating bank legislation makes as much sense as putting George (“Mission Accomplished”) Bush and Barrack (“Law Professor”) Obama in charge of the military…
As you can see, the contributions span both parties – and by the way, the ONLY Senators to even mildly criticize the EVIL MONSTER Jamie Dimon were those not on the dole…
Live Webcast of Jamie Dimon hearing
In yesterday’s RANT, I published this table of the exponential growth in Presidential “Executive Orders,” demonstrating not only that such draconian, nation-altering, non-debated decisions are becoming the rule rather than the exception, but that tyranny knows no political affiliation. Such “government destruction” is growing parallel to the GLOBAL economic carnage caused by abandoning the gold standard in 1971, and will continue until the ENTIRE financial system IMPLODES.
Once Nixon commenced the END OF DAYS in 1971, it was inevitable debt would MUSHROOM – and eventually EXPLODE – as has occurred in EVERY fiat currency system since the dawn of time. Some Presidents were lucky enough to reside over “relatively good” times – such as Reagan and Clinton, but NOT ONE BIT of such “prosperity” (facetious) related to their policies. And, in hindsight, both succumbed to the same MONEY PRINTING cancer, weakening America dramatically. Reagan’s “supply-side” economics simply meant MORE MONEY PRINTING, and even Clinton – “surplus” and all – dramatically increased the nation’s debt during its so-called “decade of prosperity”…
US National Debt by Presidential Term: Per Capita and as Percentage of Gross Domestic Product
Actually, it would probably surprise many to see the national debt grew faster under Reagan than any President of the past 40 years, followed by – can you believe it – the first George Bush…
Similarly, total debt growth – adjusting for the differing term lengths – is also dominated by Reagan, whose “supply-side” MONEY PRINTING resulted in national debt nearly TRIPLING in eight years, a pace even Obama would have trouble keeping up with if he somehow lasted that long..
My point is, the U.S. economy – and ALL the world’s fiat currencies – have reached their terminal phase. All PONZI SCHEMES end by collapsing of their own weight, and no matter who is President – or Senate Majority leader – the result will not only be the same, but within the IDENTICAL time frame. So do yourself and stop worrying about who’s President, and instead, how to…
PROTECT YOURSELF, and do it NOW!
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Andy,
I know you follow ZH minutely, so this quote from ZH is not news to you: “And it is that distrust — not (by any stretch of the imagination) central bank interventionism — that is the force moving demand for gold.”
That statement is both true and yet deceptive. In the first place, I don’t think the Fed central bank is directly supporting gold prices. Its unbridled printing has that effect, but it tries to mask its inflationary support of gold prices by funding JPM to short the PM futures market. Furthermore, no bank that I know of, central or otherwise, is intentionally manipulating prices upward by purchasing gold. The bankers manipulating prices are assiduously going short gold by massive naked shorting in the futures markets. So the statement discredits central bank interventionism by making a true statement about what they are not doing, but ignoring the blatant interventionism that the CB’s support 24/7. It’s stuff like this and the fact that ZH is well financed that makes me wonder about their ultimate motives. Their site is very intelligent, but vulgar, and they frequently discredit the idea of CB gold intervention, as in the above referenced article, and they are so hostile to the idea of global conspiracy in finances (as the LIBOR fixing obviously was) as to run people off their site (like T Ferguson) and forbid people like you from publishing guest posts on their site. I wonder at their motives (like Greenspan), because of their blindness to gold manipulation.
James
James,
Thanks, a very intelligent post.
Can you imagine, central banks “propping up” gold prices? LOL, that’s a good one.
Sure they support prices – by BUYING it – but they’re goal is to do so at as low a cost as possible.
The U.S. government IS the leader in shorting PAPER gold – and has been for a century (think of the London Gold Pool), and will do so (just PAPER, now) until it is overwhelmed – shortly.
As for ZH, I’ve given up trying to figure them out, so I just expose their weakness for quality gold commentary.
Andy