Saturday, January 11, 2014

Dissolving Status Quo Corporate America Might Be Our Last, Clear Chance- The Sunday Collage

In 1992 and 1996, Ross Perot ran for President. Ross Perot was a visionary, he was astute, and he had a lot of solid and well thought out  positions. My favorite thing about Ross was that he wasn't a lawyer and he was a billionaire. Success does not always guarantee future success- but it's a hell of a good place to start.

In America, we forget that electing a President is not unlike hiring an employee. We keep falling for a lot of bullshit credentials held by people who have achieved little or no success. Look at Bush and Obama. Neither one accomplished much on their own prior to their elections. They were simply a couple of silver spooned trust funders- one from an obviously wealthy family- and the other one (and the source of his money) has been a total mystery.

As it turns out, Ross Perot may have been our last clear chance to save ourselves. We needed leadership desperately back then- our mistake is very clear to me now.

Here were the knocks on Ross. He was sort of an ugly little man without much tact. He didn't come from either of our two enslaving, political parties. He was arrogant and paranoid. Those were just the knocks- none of them deal killers.

Here's a snip from wiki about Ross which pretty much captures how it was nearly 20 years ago. Perot tried to keep his movement alive through the mid-1990s, continuing to speak about the increasing national debt. He was a prominent campaigner against the North American Free Trade Agreement, and even debated with Al Gore on the issue on Larry King Live. Perot's behavior during the debate was a source of mirth thereafter, including his repeated pleas to "let me finish" in his southern drawl. The debate was seen by many as effectively ending Perot’s political career.[40] Support for NAFTA went from 34% to 57%.[41]


Ross Perot hated NAFTA. He said that if we started supporting free trade agreements that we'd have a great sucking sound in this country. That would be the sound of American jobs and American money leaving the confines of our shores. Since then our country has lost millions upon millions of jobs and generated over two trillion in un-taxable, offshore dollars. Dollars that cannot do anyone in the US- any good. That can only get worse.

I'm going to stop short of calling Perot a prophet but he was pretty much on the mark. He knew this NAFTA mess was going to be really bad for our country and it has been- and it is getting worse. We have not felt the full measure of pain yet but is coming on swift wings.

Instead of Perot or more recently, Ron Paul- the voters of this country have given us 12 years worth of the Bushes', 8 years worth of a drug and sex addicted (and it's pretty well documented) Clinton, and 8 years of the current moron.

That's 28 years of wasted time, a loss of 50 million jobs, a non-working, declining, middle class that finds it's earnings trending lower and lower while government demands more and more of what little income they have. Does government really think we have enough money laying around to pay an extra 500 a month for shitty healthcare?

We don't. And government is too inept and too fucking stupid to have actually asked the people who would be doing the paying. Some might even call us stakeholders. Some might have even of said that we should have been included in the whole, unread process.

By the time President Nine Iron finishes his tour of duty- we are going to be at least 19 trillion dollars in debt, Obamacare will be a complete and unmitigated disaster because our country is bankrupt and our citizens are broke. They do not have 500 or 600 a month laying around to just piss away on crappy, high deductible insurance. (The beauty of this is that if you are fully invested in health care insurers- you are about to witness the entire collapse of that sector brought about by a government who thinks it can squeeze blood from turnips and which also apparently thinks that it has the power to force your compliance)

So who are we going to elect in 2016?  Ross Perot will be 85 although he might live to be 100. He kind of reminds me of the JR Simplot, George Burns, type of lifespanner.

Somebody has to bring corporate America back to America. The vacation is over. I'm not talking about giving them tax breaks. I'm talking about making it illegal for any incorporated institution in this country to employ people in violation of US Labor Standards which sells it's products here.

In other words, you would not be able to employ a Chinese, Taiwanese, Mexican employee unless you have met our very own United States Department of Labor Standards which includes all of the rights and benefits guaranteed to a US citizen. That includes the Family Leave Act, the Minimum Wage Act paid in US dollars, and all of the other standards which this country has fought to achieve.

Quite simply, if an American corporation refused to comply- their right to incorporate and do business in the U.S. would be dissolved. They would be free to move to China or Russia or whoever would have them., pay their dollar an hour wage, and sell their products there. They could export to the U.S. subject to tariffs. In the meantime, new American business would spring up to take the place of those we ex-communicate.

Is that fair? Of course it is. It is no less fair than sticking Obamacare up our collective asses. Or the oil industry charging us the same retail price at every pump in town. NAFTA was a huge mistake. We cannot pay our national debt until we dissolve NAFTA. It is that simple.

Think about that for a moment. I have been mulling it over all week. It is the only way I can think of to give this nation a fighting, economic chance for survival. Absent a similar measure- quite honestly the only other way to satisfy our national debt is through a major hyperinflation event and currency collapse. Nobody has enough money to pay the national debt. Nobody. We can't even afford to buy force placed government health insurance let alone come up with the money to pay the debt.

Maybe in exchange for the return of American jobs to American soil- we would allow corporations to bring home off shore dollars with a minimum tax or perhaps even free.

A declining standard of living, inflation, and a government trying to steal every last dollar it can get from citizens- that is the future. The government dissolved eight major tax breaks at the first of this year. Two of them directly hurt me. They imposed another tax- Obamacare on us- and we are all going to pay more taxes this year. I don't know if you have been noticing this- but things aren't getting any better.

Dissolving the corporate welfare system in this country is key to our economic survival. We cannot carry the burden of millions upon millions of people on disability, social security, and free healthcare without restoring tax paying jobs to America. We can no longer afford to allow corporate America to fatten it's margins on the slave labor of the undeveloped world. This as it stands now, is a system that is 100% guaranteed to fail.

We have lost the capacity to take care of ourselves. In the newly minted world of 2008, the artificial stimulations of central bank counterfeiters and the lies spewed by our government cannot last forever.

  



 



    












Monday, January 6, 2014

They Must Be Running Low on Paper- The Sunday Collage

The greatest trick ever conceived and executed by bankers is the illusion that paper is in short supply.
Have you ever read about Holland's tulip bulb craze some 500 years ago?

This weekend I noted that Twitter stock is trading at 69 bucks- not only is this nearly a 200% gain in less than 6 months- but it supports my greater fool theory perfectly.

By creating the illusion that Twitter can actually turn a profit and provide some essential life sustaining function- you can find thousands of people willing to buy this corporate ass wipe on the theory that there will be a greater fool willing to buy Twitter stock at say 90- because bankers and corporate America have convinced people that this is what has "value." A piece of paper issued by a company that provides nothing essential or useful, has no profit, and if it disappeared tomorrow-we'd all be better off.

This is the insanity currently gripping our American landscape. People actually buy this shit. And they make money because there is always a greater fool willing to pay more. That's how it works up until such point when it doesn't work. Like 1929 or 2008.  

Years ago, I had a guy who followed this blog named Rawmuse. Sometime in 2010, while I was lamenting the insanity of QE and the impending economic collapse which included the now 4 trillion in money printing by the FED which has driven our stock market to insane and ridiculous levels- Rawmuse pointed out the painfully obvious to me.

A lot of people are making a lot of money in the stock market and they didn't seem too worried about any economic collapse. Like mice at an overturned cheese truck, they were busy gorging themselves on this new supply of money.

I had to cringe because Rawmuse was right. It has been 2 or 3 years and the banker bastards just keep winning, the market keeps going up, and the greater fools just keep rubbing my nose in it. I haven't seen Rawmuse around here in a very long time. And then...

A very odd thing happened in 2012-2013. Not many noticed...

Right after Venezuela demanded that 100 tons of their gold be returned- suddenly the price of gold went down 200 bucks. Several months later, Germany demanded the return of 700 tons of their gold and what do you suppose happened? The price of gold went down another 500 bucks.

Removing supply should drive the price up, don'tcha think? Well not if you don't actually have unencumbered physical gold. The bankers, realizing that they'd have to return that which was never theirs in the first place, used paper futures to drive the price of gold down to a level that was cheap enough to start buying newly mined gold which they could then buy and deliver to satisfy these claims.

Another couple of odd things happened. Not only did the US say they couldn't return Germany's gold for 7 years- gold allegedly stored in safekeeping- but Germany's request did not bring about a flood of new requests for repatriation. This is quite interesting. Common sense might say "Hey, I better jump in line and get my gold before it runs out." We call these things "bank runs." Banks hate bank runs especially when you are demanding a commodity that they cannot produce nor can they simply fire up the printing press and make some.

What I am saying is this. Bankers have been caught red handed loaning out and hy-pothecating gold that was never theirs to begin with. When I say bankers I mean specifically the bullion banks which are all members of the US FED. Most importantly this includes the world's central banks and the Bank of International Settlement or BIS aka the mother ship of all bankers.

I believe that the BIS and the world's central banks are busy behind the scenes- swapping gold and settling gold claims with cash- telling countries to be patient while they purchase new supply for delivery. Which is precisely why the NY FED can't deliver Germany's gold for 7 years. 

One last HUGE point. There are only two sources of gold supply. Existing or unearthed supply and gold which has yet to be unearthed. Not only is gold hard to find but it is ungawdly expensive to mine. So when bankers drive the price too low, the miners will just quit mining. That means bankers will have to use their own gold reserves to settle claims if they can't buy new supply. They don't want that.

An absolute floor on the gold price in any scenario will not be less than 1000 an oz. I can't see a lesser price even in a horrible deflation scenario and certainly not in an inflationary scenario. Gold at 1000 will cause mines to shutter. Bankers can't kill new supply or they will be forced to deplete already dwindling reserves.  

Gold has never failed as a currency. Gold is money.

The tulip craze ended in Holland when it finally dawned on someone that tulip bulbs were pretty much non essential- kind of like Twitter stock. By that time they had run out of fools with newly mortgaged farms willing to speculate on astronomically priced tulip bulbs anyway.

Eventually the same thing will happen here particularly when the FED stops QE altogether. There will be another collapse, Twitter stock will go to 2 bucks and the bankers will be busy trying to seize assets and save their hides like they did when they hijacked the US tax coffers in 2008. This time around- there will be a huge fight. The bankers think they have the power with their bought and paid for political lapdogs- but I think their position at that point will be utterly defenseless.

In the meantime Rawmuse- where ever you are in Marin County- I miss you. I got a feeling this run is about over. There has always been a generous supply of paper and a scarcity of gold. I think this will be the year when that fact gets proven out once again despite the bankers best efforts to convince you that paper is in such short supply that the DJIA will be bid up to 20,000. Really.