FEDERAL RESERVE CIRCUS HIDES THEIR PURPOSE.
The Federal Reserve is supposed to maintain the value of the currency and encourage full employment. They proclaim their importance while they extract wealth from savings and transfer that wealth to the financial and political elite. Lobbyists and congresspersons are supported by the Fed, so the Fed is politically protected.
The Fed
has failed at maintaining stable prices because the dollar has lost 90% - 99% of its purchasing power when measured by the cost of trucks, cigarettes, Scotch, potatoes, gold, beer, gasoline, clothing, food, healthcare and hundreds of other consumer items.
Those paper debt instruments, including dollar bills, are someone’s liabilities, and another's assets. What if those assets are less valuable than everyone wants to believe? Instead, trust assets that are not another person’s liability—gold and silver.
The world has little need for central banks, but the political and financial elite and Deep State use central banks to increase their power and wealth.
Escape the Fed circus.
The Fed, dollar devaluation, massive debt and gravity are ever-present. Avoid the destruction, devaluations and debt paper created by the Fed and the government if you can.
MILITARY CONTRACTORS:
They need more dollars, lots of dollars, to protect the homeland. Their political machine is effective, and costly. Congresspersons will not argue against the premise that they must protect the homeland, especially when receiving contributions from wealthy military contractors.
Question:
How did
Russia
and China develop “game-changing” hyper-sonic weapons (20+ times faster than the speed of sound) while spending a small fraction of the U.S. military budget? The U.S. might develop hyper-sonic weapons next decade.
Beware of the military contractor circus.
Military and other spending will expand, perhaps for many years, until the U.S. government can no longer finance deficits. Expect further dollar devaluations as debt and deficits soar.
PRESIDENTIAL POLITICS:
Every four years politicians besiege us with the spectacle of a Presidential election. They spend billions of dollars to elect someone who officially earns a tiny fraction of what it cost to get him/her elected. The political and financial elite benefit regardless of the outcome. Presidents change but the Deep State players are “dug in” and will not go quietly into the night.
Shun the Presidential politics circus.
Expect larger deficits, more political polarization and promises, lots of promises. The Deep State will survive. Protect your savings from paper wealth destruction.
Use hard assets instead.
POLITICAL PROMISES:
Politicians make promises to win elections. The 2020 election circus will feature many promises. Universal Basic Income, guaranteed jobs, infrastructure projects, tax breaks, Medicare for all, free tuition, free medical care, QE for everyone, student loan forgiveness, larger welfare benefits, helicopter money, expanded food stamp programs (SNAP) and more will blanket the media.
From Thomas Sowell:
“Socialism in general has a record of failure so blatant that only an intellectual could ignore or evade it.”
Few will discuss debt reduction, responsible government, and who will pay for give-away programs.
These circus acts entertain, distract and transfer wealth. Plan on volatile markets, larger deficits, expanding national debt, and higher prices—the path of least resistance. A deflationary accident could occur, but it serves nobody’s best interest.
Expect more QE and higher prices for gold and silver.
Stocks - maybe not.
COMEX (Paper silver and gold):
They buy and sell hundreds of paper silver and gold ounces for every physical ounce traded. The paper commitments may default someday.
Avoid the COMEX circus.
Buy physical silver and gold bullion
, not the paper stuff. If you don't have physical possession, you may own paper, not bullion.
DEBT LIMIT:
The debt limit fights are a circus distraction. Congress has increased the “limit” many times. Politicians abuse the “limit” for their own agendas.
Exit the debt limit circus.
The debt limit will increase as needed. Name three congresspersons who want to reduce spending and lose their next election. Trouble finding even one? Actions show congresspersons want increased spending regardless of deficits.
Debt will increase, dollars will be devalued, and prices will rise. Congresspersons will pretend to address the problems they created, but will support the status quo—borrow and spend.
GLOBAL WARMING—CLIMATE CHANGE:
Martin Armstrong discusses solar cycles and global warming fraud
here
and
here
. He and many others believe the world is facing a mini-ice age. I ask:
If the political and financial elite wanted increased political control, higher taxes, and more power, would they rant about global warming or global cooling?
Governments can tax global warming but they can’t tax global cooling.
Hence they scream about global warming. Shifting the narrative to climate change, carbon taxes, CO2 reductions, melting ice caps and rising sea levels changed little.
Government could address real environmental issues and not promote globalist tax and control schemes such as supposed anthropogenic global warming.
CONCLUSIONS:
A circus exists to entertain and distract.
It can be expensive. Instead of living in the circus of debt, political promises, Federal Reserve Notes, debt limits, and global warming… FOCUS ON GOLD AND SILVER.
Miles Franklin
sells silver. Call them at 1-800-822-8080 and tell them you agree with the Deviant Investor regarding silver. Your price will not change. Use my name as your reference.
If you have comments, email me: deviantinvestor “at” gmail.com.
