Mucks Minute #22

Down the rabbit hole everywhere you look!

This has been a great week for Bureau of Lies and Scams, the Fed, Obuumer and of course all the dickheads thrashing around out there in the political arena .

The great pundits of Citi, J. P. Morgan and the other blow hards itching to inflate this or that have had a blast pumping out smoke, spouting “alerts” and “warnings”and accomplishing nothing.

For an example..  Silver broke through upper resistance and CDE (Coeur d’alene mines up in some of the most scenic country you will find just East of Coeur d’alene, Idaho) is putting between $500 and $600 a day into my stock account as it rallies off a multi year low along with SLV and a number of other small to medium silver miners.  Right at the moment, the PM’s are are slowly battering levels of resistance and waking up after a 12 year bear market.

The pundits, smoke blowers and liars of the puppets of the Fed, Central Banks and Hedge Funds immediately started pumping out negative information about the silver market – poor reserves, cash short, not enough money in their coffers to support operation and on and on – all horse pucky.

They simply can’t have a producers of real wealth profit from doing their jobs because it makes them looks stupid and threatens the buying power of the dollar.

Enough people feel uneasy about the dollar and  PM’s start to fill in the gaps.

There are other measure of the economic distress starting the stress the system.

Manufacturers of consumer products, processed food and most of the stuff on grocery store shelves have been giving you less product for the same cost in fiat money. 4 lbs. of flour for what 5 lbs used to cost,  same for sugar, cereals, poorer cuts of meat at prices prime cuts went for 6 months ago.  There are any number of ways both the U.S. Government and the manufacturing  complex can keep things flowing, giving you less for the same price.  This is called inflation any way you look at it.  Well disguised and used since market economics were invented to fool the public.

That is inflation.  But the Fed’s have it all under control.  In the Cost-of-Living formulations, they merely shift the baseline year to year to those item that rise slowest.  For example food an other basics of living are not included, neither is the cost of buying a home.  (I guess people don’t need these things to survive and live in the fantasy of the USA’s economic reality.  However since gas has been falling in price they weight it heavily to ‘prove’ the cost of living is stable or dropping.

I continue wondering how stupid the citizens are of this country all.  All the ones who lives in the Weimar Republic were dazzled after WWI at the clever way the reparations were paid to the Allies.  They merely printed enough money to pay it off (of course it was worthless and could not be traded for anything). Presto! Debt gone and depression on.. And that depression was a doozy.  There are several great histories, one being “The Death of Money”  which makes for interesting reading.  For several years, potato soup was the standard fare (when you find potatoes.

Furthermore, as a marvel to behold, once they printed their way out of debt, it was only 20 years they recovered sufficiently to start WWII by invading Austria… amazing.

We are going down the same road, sans (I hope) WWIII.  But I wouldn’t bet on it.

Read “The Death of Money” which is a history of the destruction of the currency of the Weimar Republic after WWI. The “echoes” that ring from there into todays’ tomfoolery are so clear it will give your skin goose bumps!.  Now the floating suggestions going around is to do away with money (cash) entirely, letting our wonderful technology and trustworthy banks and the Fed (and any other Governmental Agency)keep track of every transaction anyone makes, how much, where and of course with no bank notes (which are loosing value by the day) eliminated, then all transactions must then go through the banks and governments (they don’t sleep together or anything, right??) and they can keep track of every cent spent and on what, when, where and why.

The next thing to follow is that they can then tell you what you may buy and what you may not buy.  A loaf of bread is ok, but that handgun is a no-no.It will also make it much easier to initiate so-called “helicopter  money” by merely crediting your plastic card with “X” number of dollars so you can spend more.  Spending money is the “New America”.  Savers and builders of capital will become unpatriotic, not contributing to the wealth of the banks by spending that helicopter money on more stuff you don’t need, don’t want and would rather do with out.  Want to buy a coin (or gold or silver? Nope – that’s not on the approved list to purchase!).

For some reason, the whole concept of making cash vanish and issuing us all “helicopter money” cards to control our purchases does not make me feel secure by any way or means.  Also, not surprisedly, the government and banks can expand the money supply in an totally unlimited way with nothing but the stroke of computer key which will magically deposit “money” on your magic card.  Of course they are already doing it the old fashioned way through unmanageable Ponzie Schemes and credit/debt expansion that will eventually collapse and our system of fiat money will collapse with it.  Only thing this time, it will be world wide and not one more bit containable.  This is going to be the biggy that will drag us all down to an equal  level of poverty.  Except for PTB of course..

I suspect it will become illegal to own gold and silver again (where have we heard that before?) and will be confiscated if they can find it.

The pity of it all is that there is no way to avoid the fate that has been foisted upon us by those political power brokers , military industrial complex, Big Pharma and so many, many others who are out to line their pockets at the expense of the guy who used to be middle class.

Middle aged and older white men who have worked and saved all their lives to feather their nest for retirement some day, make America great, hold up their end by gladly accepting responsibility for themselves and their families, working hard, raised a family (with a two parent household and a couple of kids), little debt and as much savings as the government would allow them keep.

This is going away, day by day.  Uncontrolled borders, so call “Free Trade” that allows the industrial community to shop word wide for the cheapest materials and cheapest labor while at the same time, allowing those “outsourcing” countries to levy tariffs on those products we sell them to make our products more expensive to benefit their own labor.

There is a terrible “one-way”  so called “free trade”  that has all but killed the industrial capability of this country and we MUST MAKE IT A LEVEL PLAYING FIELD.  Fuck “Free Trade” unless it is FREE in both directions.

I don’t know if D.Trump is capable or can manage that but all the other candidates are gung ho for the status quo which favors only big banks, Multi-national Corporations who move their home offices off shore into cheaper locations to pay much lower taxes on sales, leaving the U.S. Government with much smaller tax revenues, fewer investment funds returned to the U.S.A. and we all suffer for it.

I call it, “ The march to equal poverty.” which would fit Bernit and Hellery just fine.

We must turn thing around – how about restoring “workfare” where if you collect welfare monies, food stamps or such – you WORK for it. Right now the pols (Democrats) have decoupled receiving assistance and working for it.  BAD IDEA?? Damn right.

We must also reverse Citizen United Supreme Court Ruling that gave Unions and Businesses the right to unlimited contributions to PACs of candidates (try and find out who runs the PACs! Big joke, you can’t find them behind all the blind companies and squirrelly organization charts.!!)

A Corporation is not a person.  Neither are Unions. Anonymous PACs MUST be brought to heal as it has now degenerated into buy an elected office by who ever has the most money to throw at the election that will win it.

To date I have heard NOT ONE policy statement by any of the candidates – just mud slinging and garbage throwing. We must limit the time to campaign ahead of elections to just long enough for the candidates to explain their proposed policies, ideas and solutions – not just sling mud and scream at each other.  Election campaigns are now nothing more than an extension of stupid reality shows on the boob tube — all crap and not even entertaining and far,far too long.

For the election of 2016, it will make very little – if  any – difference who is elected.  Our immediate and intermediate fate is already sealed. More inflation, eventual debt default, depression and possibly hyper-inflation. We cannot continue to be the policeman of the world and we cannot continue to spend billions manufacturing weapons to give away to our so-called allies who, in most cases are nothing but two-faced sons of bitches who take our weapons and supply them to people they oppose.

So whomever is elected this time around is in deep shit and you can look for more taxes, printed funny money, further expansion of debt by the circular Ponzi now running between the Treasury, Fed and banks, attempts to do away with cash altogether (which is the tap-root of hyperinflation), continued attempts to discredit gold and silver and general turmoil.

It makes one want to dig a hole, climb in, and pull it in after you.  But that wouldn’t work either because isolationism never does.

We are just going to have to stand up and raise hell about what we believe in and make the PTB listen at the risk of passive revolt. Not good. But sometimes it’s necessary to get their attention.

Time will tell..

MA

Author: MuckAbout

Retired Engineer and Scientist (electronic, optics, mechanical) lives in a pleasant retirement community in Central Florida. He is interested in almost everything and comments on most of it. A pragmatic libertarian at heart he welcomes comments on all that he writes. View all posts by MuckAbout