I hear many people speak of Capitalism and saying that capitalism in the USA is alive and well.
Well, have people stopped to think what Capitalism really is? I believe what we have in the USA is what many have already called “socialism for the rich”.
This is evident everywhere, bankers being bailed out at the expense of tax payers, White collar criminals stealing countless millions and even billions and doing a relatively small amount of soft time, etc. This is not Capitalism.
Capitalism is a system where there are checks and balances, a system where the government makes the guidelines fair and equal for all and not slanted to the side of the wealthy and powerful. It is a system where the financial markets are allowed to move up or down naturally without government interference, other than the guidelines already in place from the beginning. Any government bail outs amounts to Socialism. Capitalism is a system where market forces unfold without interference or manipulation from the government.
Many may say that if the government does not bail out the troubled sectors then it will be dooms day, well if the government was not interfering and manipulating to begin with we would have never been in this position.
Again, Capitalism is a system of checks and balances and market forces unfolding in an organic way. What we have in the USA today is not Capitalism. Capitalism contracted cancer in 1913 with the creation of the Federal Reserve and died in 1971 when the Gold backing for the dollar was removed.
The only honest checks and balance vehicle is gold and until we go back to an honest gold backing for all currencies then we will go through this situation again and again, the next time worse than the last.
The problem with the Gold Backing is that with it the Wealthy and powerful will no longer be able to rig the system by creating money out of nothing and using it to acquire real assets and also enslaving us by chronic debt. With gold backing we will be playing on a fairly even field but that is no good for the monsters that control our lives today.
If one were to go back and check the check the CPI from 1800 to 1913 you would see that it was basically a flat line from 1913 to 1971 there was a gradual rise, however, from 1971 to today the increase is basically a vertical line.
What we have in the US today is not what the founding fathers had in mind, it is NOT Capitalism. Citizens of the US must demand a rebirth of Capitalism by starting with a return to a gold backed currency.
Tuesday, December 16, 2008
Massive inflation ahead
Many believe and have been taught by our educational institutions that inflation = increase in the price of goods, commodities and services. However, that is only the result of inflation and not inflation itself.
There is only one type of inflation; monetary inflation. Therefore, inflation is the increase in money supply and deflation is a decrease in the money supply.
As it stands right now, there is a massive increase in the money supply and, therefore, look out for massive inflation in the future. You will see this reflected in gold price.
As a matter of fact over the past 6 yrs gold has doubled in price and still has a long way to go.
I expect Gold to hit at least $2000.00 by the end of 2011
There is only one type of inflation; monetary inflation. Therefore, inflation is the increase in money supply and deflation is a decrease in the money supply.
As it stands right now, there is a massive increase in the money supply and, therefore, look out for massive inflation in the future. You will see this reflected in gold price.
As a matter of fact over the past 6 yrs gold has doubled in price and still has a long way to go.
I expect Gold to hit at least $2000.00 by the end of 2011
Sunday, November 30, 2008
Don’t do it
Becoming the government of Canada at this time is the worse thing that can happen for any political party.
The world is heading into a depression and Canada will not be spared. There is no one in Canada at this time who can avoid this. In the end the party in power when this unfolds will pay for years for the crisis. As a result; they will be kept out of government for a good three terms after that.
I am not sure if the Conservatives saw, or was told recently, that this was coming and decided to find a way out or is just getting lucky, but it would be the best thing for any party to not be in power at this time.
My advice to the opposition parties at this time would be – don’t do it.
The world is heading into a depression and Canada will not be spared. There is no one in Canada at this time who can avoid this. In the end the party in power when this unfolds will pay for years for the crisis. As a result; they will be kept out of government for a good three terms after that.
I am not sure if the Conservatives saw, or was told recently, that this was coming and decided to find a way out or is just getting lucky, but it would be the best thing for any party to not be in power at this time.
My advice to the opposition parties at this time would be – don’t do it.
Friday, November 21, 2008
Markets not for the weak hearted
The stock markets have been very erratic over the last year. Some have been advising individual investors that:
1) It is always best to stay invested
2) It is too late to get out
3) The markets have bottomed.
I do not subscribe to anyone of those statements. As a matter of fact the market has not bottomed as yet and I believe that it will bottom somewhere in between Dow 4200-7000. At that point I think if one gets in, they need to do so slowly and dollar cost average.
Based on my own charting there is at least a 70% chance that one will lose money in these markets if they are using the generic methods and advice.
These are not markets for the weak of heart and the inexperienced, it is best to hold your money than to invest with no idea. Do not get caught up in the hysteria dished out by some of the media networks; “these are the best values you will ever see” etc, they are talking out of their hats.
These are the same people who were telling people to invest in Real Estate when the bubble was bursting, these are the same people who were saying “the paradigm has shifted, this is a different time” and “stay invested in Tech” in 1999 when it was clear that the tech bubble was about to pop.
If one still wants to get into this market, then get in slowly and dollar cost average as I stated above. Be careful and trust no one with you money. Good luck.
1) It is always best to stay invested
2) It is too late to get out
3) The markets have bottomed.
I do not subscribe to anyone of those statements. As a matter of fact the market has not bottomed as yet and I believe that it will bottom somewhere in between Dow 4200-7000. At that point I think if one gets in, they need to do so slowly and dollar cost average.
Based on my own charting there is at least a 70% chance that one will lose money in these markets if they are using the generic methods and advice.
These are not markets for the weak of heart and the inexperienced, it is best to hold your money than to invest with no idea. Do not get caught up in the hysteria dished out by some of the media networks; “these are the best values you will ever see” etc, they are talking out of their hats.
These are the same people who were telling people to invest in Real Estate when the bubble was bursting, these are the same people who were saying “the paradigm has shifted, this is a different time” and “stay invested in Tech” in 1999 when it was clear that the tech bubble was about to pop.
If one still wants to get into this market, then get in slowly and dollar cost average as I stated above. Be careful and trust no one with you money. Good luck.
Sunday, November 9, 2008
A sad time for Blacks in America
Well the euphoria of the elections have come and gone and time for people to get back to reality or perish. I did call this victory since Jan 2008 on my blog: Scapegoat Obama
Anyway, many people seem to think that Barack Obama is the messiah, and things will change for the better, this is doubtful. It did not matter who was elected, the problems would still be the same and it will be a while before things turn around. How much worse it gets will depend on the direction this presidency takes.
Obama is a great politician and maybe be great initially for the poor but in the end all will suffer. Most of Obama’s experience has been in government and none in business, I mean even George W for all his failures did come in to the presidency with some business experience, even though his presidency was a colossal failure. No business experience will be bad for Obama.
In the presidency most of the big decisions are not decided on by the president anyway, however, power can be intoxicating especially when you have overwhelming support of the people. This I believe will make Obama’s failure worse – I believe that he was set up for failure anyway. And the power brokers will quietly sit back and let him fail. No one can get the US out of this mess created by the White power class of America.
With the huge support that Obama got, he and his administration will feel that they know what is right and they will do that. There will be bigger government, more bailouts, and tax cuts for the poor and working class and/or increased taxation for the wealthy. This will lead to the printing presses continuing to run overtime, this will lead to massive inflation and worse failure for his presidency.
Like it or not most of the taxes are paid by the wealthy, and trying to tax them even more, right now, may just drive them away to other countries, in a utopia that may be good but there is no such thing and never will be so cutting off one leg of a chair will lead to its total collapse.
The other alternative Obama has is to let these failed businesses and corporations collapse and let the market correct itself. This will lead to even more people losing jobs very quickly but the presidency will see this as bad for the next elections; the Wealthy make up only a small portion of the voting base anyway and as proved by Obama their contribution is not greatly needed if you have the masses on your side, so expect the former to be the hallmark of his presidency and not the latter.
Obama’s presidency will be a big failure but how badly it fails depends on the choices they make. I actually think that after all the celebrations, Obama’s election at this time is sad for Blacks and all other minorities in America. I wish him well and hope that by some miracle his presidency will be a great one or else we will all be affected by this economic crisis – no one will be spared. However, I do not believe in miracles, but I believe in reality and reality bites real bad sometimes, get ready for some blood.
Note: The reason I am saying that it is a sad time for Blacks; they will all be held culpable, by White America, for a disaster that neither they nor Obama are responsible for. Read my Scapegoat Obama for more detials.
Anyway, many people seem to think that Barack Obama is the messiah, and things will change for the better, this is doubtful. It did not matter who was elected, the problems would still be the same and it will be a while before things turn around. How much worse it gets will depend on the direction this presidency takes.
Obama is a great politician and maybe be great initially for the poor but in the end all will suffer. Most of Obama’s experience has been in government and none in business, I mean even George W for all his failures did come in to the presidency with some business experience, even though his presidency was a colossal failure. No business experience will be bad for Obama.
In the presidency most of the big decisions are not decided on by the president anyway, however, power can be intoxicating especially when you have overwhelming support of the people. This I believe will make Obama’s failure worse – I believe that he was set up for failure anyway. And the power brokers will quietly sit back and let him fail. No one can get the US out of this mess created by the White power class of America.
With the huge support that Obama got, he and his administration will feel that they know what is right and they will do that. There will be bigger government, more bailouts, and tax cuts for the poor and working class and/or increased taxation for the wealthy. This will lead to the printing presses continuing to run overtime, this will lead to massive inflation and worse failure for his presidency.
Like it or not most of the taxes are paid by the wealthy, and trying to tax them even more, right now, may just drive them away to other countries, in a utopia that may be good but there is no such thing and never will be so cutting off one leg of a chair will lead to its total collapse.
The other alternative Obama has is to let these failed businesses and corporations collapse and let the market correct itself. This will lead to even more people losing jobs very quickly but the presidency will see this as bad for the next elections; the Wealthy make up only a small portion of the voting base anyway and as proved by Obama their contribution is not greatly needed if you have the masses on your side, so expect the former to be the hallmark of his presidency and not the latter.
Obama’s presidency will be a big failure but how badly it fails depends on the choices they make. I actually think that after all the celebrations, Obama’s election at this time is sad for Blacks and all other minorities in America. I wish him well and hope that by some miracle his presidency will be a great one or else we will all be affected by this economic crisis – no one will be spared. However, I do not believe in miracles, but I believe in reality and reality bites real bad sometimes, get ready for some blood.
Note: The reason I am saying that it is a sad time for Blacks; they will all be held culpable, by White America, for a disaster that neither they nor Obama are responsible for. Read my Scapegoat Obama for more detials.
Sunday, November 2, 2008
What’s Next
The US government needs money and one of the things they are looking at is taking money from your IRA and 401K.
There is a very real possibility that they will make it law that 5% of your retirement money will have to go towards purchasing government bonds or else you will have to cash out your retirement accounts and fulfill the tax obligations. The government will pay 3% interest on these bonds.
Stay tuned.
There is a very real possibility that they will make it law that 5% of your retirement money will have to go towards purchasing government bonds or else you will have to cash out your retirement accounts and fulfill the tax obligations. The government will pay 3% interest on these bonds.
Stay tuned.
Friday, October 24, 2008
New world currency
There will be a new world currency soon and it will not be the USD. People are fed up of the US currency and the strong arm tactics the US has used in the past to force countries to trade in its currency. This time this new world currency will not be backed by a military but by something much more substantial – GOLD.
Expect this currency to originate in an Arab country and will be backed by gold, if not fully at least partially. Dubai is looking to become the gold trading capital of the world and it will be a win win situation for them.
The US will not like this, however, they are currently being placated by military arms contract to keep them happy. The entire world have been conned and coerced by the US but they will take it no longer. Why would anyone believe the country that ripped them off will now all of a sudden become honorable? Not gonna happen!
These same countries that got us into this mess are meeting to come up with another world currency to force down the throat of victimized countries. The currency they want to create still has no gold backing, do you believe that the countries who have been victims will accept this? No way!
They are just standing by to tell these countries thanks, but no thanks. Word is that Europe will be divided, one block of countries that will have a partial gold backing and the other half (crooks) with no backing. Also, the Gulf Dinar will be gold backed.
Yes the world is changing and the US will no longer be at the top, they will go through some very tough times and will never be the same. Expect the USD to tumble, it is making its last fight and then that’s it.
Diplomacy and brains will be better for this world than brawn and idiocy. Welcome to a better new world after it is all said and done.
Expect this currency to originate in an Arab country and will be backed by gold, if not fully at least partially. Dubai is looking to become the gold trading capital of the world and it will be a win win situation for them.
The US will not like this, however, they are currently being placated by military arms contract to keep them happy. The entire world have been conned and coerced by the US but they will take it no longer. Why would anyone believe the country that ripped them off will now all of a sudden become honorable? Not gonna happen!
These same countries that got us into this mess are meeting to come up with another world currency to force down the throat of victimized countries. The currency they want to create still has no gold backing, do you believe that the countries who have been victims will accept this? No way!
They are just standing by to tell these countries thanks, but no thanks. Word is that Europe will be divided, one block of countries that will have a partial gold backing and the other half (crooks) with no backing. Also, the Gulf Dinar will be gold backed.
Yes the world is changing and the US will no longer be at the top, they will go through some very tough times and will never be the same. Expect the USD to tumble, it is making its last fight and then that’s it.
Diplomacy and brains will be better for this world than brawn and idiocy. Welcome to a better new world after it is all said and done.
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