Posts
Ron
Paul & Jim Rogers: "There's More Chaos To Come"
But it's really important to remain grounded about the challenges that face us. As I pen this letter to you, in fact,
- The NSA's Utah data center, which will intercept every phone call, email, and tweet sent across the Internet, is nearing completion.
- The Marketplace Fairness Act, which will create additional sales taxes on US-based Internet transactions, is set to pass the Senate next week.
- The government of Cyprus just passed the final bail-in measures, officially authorizing the direct confiscation of people's savings in that country's banking system.
- The Bank of Japan recently announced its intentions to double down on their already unprecedented money printing operations.
- Not to be outdone, the US Federal Reserve just announced that they will maintain their Quantitative Easing program, which dilutes the existing money supply by more than $1 trillion annually.
- At $16.83 trillion, the US federal debt is at a record high and set to breach $17 trillion early this summer.
- President Obama recently proposed to cap the tax deferral benefit on Individual Retirement Accounts in the Land of the Free
These are clear warnings signs that a rational person simply cannot ignore.
Bottom line, nations are going bust. And the worse things get, the more desperate their tactics become.
This isn't the first time that the world has been in this position. This time is not different.
History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly.
What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom.
I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed).
Many people will resist the change and instead cling desperately to the old system– the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever.
And in case it still weren't obvious, I'd like to present Ron Paul and Jim Rogers, speaking together at our event in Chile a few weeks ago, with their own views on the situation.
2
May, 2013
These are clear warnings
signs that a rational person simply cannot ignore.
Bottom line, Nations are
going bust. And the worse things get, the more desperate their
tactics become. This isn't the first time that the world has been in
this position. This time is not different. History shows that there
are serious, serious consequences to running unsustainably high debts
and deficits. And those consequences have almost invariably involved
pillaging people's wealth, savings, livelihoods and liberties...
either directly or indirectly.
What's happening right
now is playing out in textbook fashion. More taxes, more debt, more
printing, more confiscation, less freedom. I’m not talking about
the end of the world here, I’m talking about difficult times ahead,
and the things that go beyond economics. It’s time to face facts
and look at how society will change (and has already changed).
Many people will resist
the change and instead cling desperately to the old system - the
cycle of debt and consumption that provided jobs, stability, and
prosperity. These people will have their lives turned upside down
because that system is gone forever. And in case it still weren't
obvious, here is three minutes of clarity from Ron Paul and Jim
Rogers..."I would expect that there is going to be a lot more
chaos still to come." - Ron Paul; “They won’t take our bank
accounts…they will take our retirement accounts.” - Jim Rogers
Via Simon Black of
Sovereign Man blog,
The world is truly an
enormous place... and, despite the dearth of good news and positive
trends out there, I still see a lot of amazing opportunities in my
travels.
But it's really important to remain grounded about the challenges that face us. As I pen this letter to you, in fact,
- The NSA's Utah data center, which will intercept every phone call, email, and tweet sent across the Internet, is nearing completion.
- The Marketplace Fairness Act, which will create additional sales taxes on US-based Internet transactions, is set to pass the Senate next week.
- The government of Cyprus just passed the final bail-in measures, officially authorizing the direct confiscation of people's savings in that country's banking system.
- The Bank of Japan recently announced its intentions to double down on their already unprecedented money printing operations.
- Not to be outdone, the US Federal Reserve just announced that they will maintain their Quantitative Easing program, which dilutes the existing money supply by more than $1 trillion annually.
- At $16.83 trillion, the US federal debt is at a record high and set to breach $17 trillion early this summer.
- President Obama recently proposed to cap the tax deferral benefit on Individual Retirement Accounts in the Land of the Free
These are clear warnings signs that a rational person simply cannot ignore.
Bottom line, nations are going bust. And the worse things get, the more desperate their tactics become.
This isn't the first time that the world has been in this position. This time is not different.
History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly.
What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom.
I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed).
Many people will resist the change and instead cling desperately to the old system– the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever.
And in case it still weren't obvious, I'd like to present Ron Paul and Jim Rogers, speaking together at our event in Chile a few weeks ago, with their own views on the situation.
“They won’t take our
bank accounts…they will take our retirement accounts.” - Jim
Rogers
"We are going to
have a calamity in economics and political crises as economies
worldwide are a lot weaker than they tell us." - Ron Paul
"I would expect that
there is going to be a lot more chaos still to come." - Ron Paul
"There are so many
distortions because we disobeyed economic law - no matter what
Bernanke tell's you." - Ron Paul
"Bernanke's whole
intellectual career has been dedicated to the study of printing
money." - Jim Rogers
"I don't doubt [the
confiscation] at all; and they will use force and they'll use
intimidation." - Ron Paul
Three minutes of
clarity...
No comments:
Post a Comment
Note: only a member of this blog may post a comment.