Gary Christenson wrote this article for Miles Franklin.
Wars benefit the political and financial elite. Most wars are on-going, whether they include formal Congressional declaration or military actions. The following wars will continue.
- War on drugs.
- War on poverty.
- War on cash.
- War on reality based statistics.
- War on savers.
- War on students.
- War on purchasing power.
- War on pensions.
- War on real money.
- War on accountability and honest accounting.
War on Drugs. This war has cost the U.S. government over $1 trillion in direct costs. Check with your teen-aged children for the easy availability of illegal drugs to confirm its failure. Powerful forces want this war to continue – profits from drug sales and money laundering are huge.
War on Poverty. The U.S. has fought this war for decades and made little progress. Per the Heritage Foundation the cost since President Johnson declared war on poverty has been (inflation adjusted) $22 trillion.
War on Cash. This is a recent “war.” Financial and political control increases when individuals have no alternative for their savings except commercial banks. Remove an individual’s ability to convert assets into cash and financial privacy is gone.
War on reality based statistics. Stop counting unemployed people and the unemployment rate decreases. If inflation is too high, change the rules. That Ford F-150 truck has improved so much that even though the price doubled, the official inflation rate is near zero. Really?
War on savers. Drop interest rates to zero or below to funnel profits to commercial banks. Savers earn little, and pension funds and insurance companies lose revenue. The result will be insolvent pension funds and higher insurance costs. The search for yield forces savers into high risk stocks. Another market crash will devastate stocks. This war hurts many more individuals than it helps.
War on students. Make borrowing painless and raise tuition costs. Total student debt per the St. Louis Federal Reserve was $1.49 trillion (12/31/2017). Not only is this debt more likely to default, it increases 10% per year. These debts can’t be discharged, except in rare cases, by bankruptcy. Student loan debt is a government guaranteed train-wreck in progress that doubles every seven years.
War on purchasing power. Pumping too many dollars into the economy devalues the dollar. Prices rise and purchasing power declines as it has since 1913. Ninety years ago you could buy men’s dress pants for $3 and ladies shoes for a buck.
War on pensions. Politicians make promises to buy votes and pass pension legislation that assumes unrealistic earnings and unsustainable payouts. They off-load the problems and consequences onto future politicians and taxpayers. Read “Crazy Pension News” ($76,111 per MONTH for one Oregon State pension.)
War on real money. Gold and silver are real money. Gold coins circulated in the U.S. until the 1930s. Silver coins circulated until the 1960s. Now Americans use Federal Reserve Notes (debts) for transactions. Bad money – Federal Reserve Notes—drives out good money—gold and silver. The implosion is inevitable.
War on accountability and honest accounting. Politicians lie to congress under oath, load top secret documents onto unsecured servers, and… more. The Federal Reserve shipped $12 billion in $100 bills to Iraq in 2003. Accounting was non-existent. They used cash for payoffs, corruption, waste and ghost employees. Reports show they spent $500 million for “to be determined.”
War business as usual for the Elite:
- Drink Champagne with other elites at Davos and IMF meetings.
- Keep your leased senators on speed dial.
- Feed your preferred narratives into the media, which will report them as facts.
- Dismiss unapproved interpretations and facts as “fake news.”
- Cultivate friends at The Fed. Access huge low-interest loans. Smile!
- Hide assets in off-shore tax-havens.
- Purchase a Presidential Pardon when needed.
But for the rest of us:
1. The financial system is rigged in favor of debt-slavery and currency devaluation.
2. We must protect our savings and retirement with unloved assets. Gold was unloved ($42) in 1970 and priced over $800 in 1980. The Nikkei 225 Japanese Index bubbled higher from 1980 to 1990. The NASDAQ went crazy from 1990 to 2000 before it crashed. Silver increased by a factor of twelve between 2001 and 2011. The Dow is four times higher since 2009. Silver and gold will be priced much higher in ten years.
3. Gold and silver are real money. They will become far more real when debt based assets, unsustainable debts, failing pension funds and other markets implode.
- Our politicians, military and bankers pursue undeclared wars. Those wars transfer assets to the elite from the middle and lower classes while increasing their control over the middle and lower classes.
- Based on the last century we should be skeptical of official narratives, unemployment numbers, inflation statistics and all wars.
- Debt will increase until the system implodes. The dollar will continue devaluing as it has since 1913. Purchasing power will decline as prices rise for most items except televisions and computers. A loss of confidence in the dollar, U.S. government, or military will jump-start inflation to much higher levels. Politicians and bankers have not protected the value of the dollar for decades.
Take responsibility for your savings and retirement. Reduce unproductive debt.
Silver and gold come to mind.
Miles Franklin can’t fix your debt problems, your credit rating or improve your confidence in government. They will convert devaluing Federal Reserve Notes into real silver and gold.