Establishment’s Monetary Swindles Lead to Economic Chaos
Here are two headlines in today’s financial news.
Stocks Rally as Earnings Offset Consumer Data
Consumer sentiment falls in November
Does anything about our jobless recovery make sense? Let’s get this straight. The official rate of unemployment is 10.2%. The unofficial rate is somewhere between 15% and 20%. The National Debt, including unfunded liabilities, stands (actually, it increases every second) at a dizzying, nose-bleeding height of over $100 trillion. The price of gold has soared from $35 per ounce in 1971 to over $1100 per ounce. Last year we experienced a monumental financial collapse—that the government attempted to overcome with disastrous stimulus and bailout schemes. If this is a recovery, I hate to see what a real recession is. My God, it would be terrifying.
Honestly folks, the political and financial establishment continues to bamboozle you with its monetary swindles. Since there is no indication members of this elite group of charlatans and mountebanks will abandon their fascination with thievery and bad economics, the day will come when the price of gold and the Dow Jones Averages cross paths.
How about the following news story of tomorrow. As financial chaos continues on the market, the price of an ounce of gold soared another $95 to $3551 per ounce. Also, stocks suffered another massive sell off today tumbling 287 points to close at 3537 as panicked investors continued to unload their positions. Incredibly, an ounce of gold now buys the Dow with some change left over.
Consider this financial news story of the near future. Panic takes over markets and minds. The abandonment of the dollar continued today as the price of an ounce of gold exploded to $15,559 per ounce for a hefty gain of $412. The Dow seemed to move in tandem with gold as the index climbed 389 points to close at 15507. Still, gold is king of the mountain as an ounce of it more than pays for the Dow.
As you can see, we face two possible scenarios. By the way, if you believe the establishment’s nonsense about an economic recovery, it’s quite possible you are hopelessly lost in a world of illusion. Let’s face it. Not one single fundamental reason exists to believe an economic recovery spreads its wings gloriously on the horizon. The Democrats Health Care scam, if passed, could very well be the straw that breaks the economic camel’s back. In addition, the Fed’s insane policy of near 0% interest rates, along with the bailout fraud, prevents the marketplace from eliminating mal-investments and restoring wealth to actual wealth producers. Also, the prospects of massive price inflation (the Fed’s reckless increase in the quantity of money is a time bomb set to explode at some unknown time) guarantees more economic chaos and possibly the horrors of a hyperinflation.
I would advise you to prepare for the worse—terrible consequences spawned by the destructive policies of a government controlled by ignorant, dishonest, immoral power-mongers. To help you along the way I offer you 2 free reports that expose the myths, illusions and lies of the political and financial establishment.
Have an enjoyable weekend,
Robert A. Meyer
The Libertarian Way
P.S. For a stimulating and enlightening weekend read, visit The Libertarian Way Blog for the article “In Search of Enlightenment – Avoiding the Pitfalls” posted around Noon CST Saturday 11/14/2009.