This article was originally published by Gary Christenson at DeviantInvestor.com
The picture is clear – The Powers-That-Be in Wall Street and Washington, the “Deep State,” military contractors, Big Pharma, Big Ag, The Federal Reserve, Mainstream Media, the DNC and RNC, and others want to maintain the transfer game … because the following will continue:
- The transfer of wealth to the political and financial elite
- Payoffs to the President, Congress, and lobbyists
- Military adventures – very costly adventures – must be maintained to feed the massive military-industrial-security complex
- Ever increasing debt
- Power and influence over institutions and other countries
But if the Powers-That-Be had managed well and created a healthy global financial system, would the following exist?
- Over $13 trillion in global sovereign debt “yielding” negative interest rates.
- Official US national debt approaching $20 trillion and rapidly increasing.Pick your poison – default or hyperinflation!
- Student loan debt over $1.4 trillion and much of it delinquent.
- Over 45 million individuals in the US on SNAP – food stamps.
- Wall Street bonuses are substantial while over 90 million in the US are not working.
- Social Security cost of living adjustments at or near zero when we all know better, based on the increasing costs of groceries, beer, rent, medical care, college tuition etc.
- A stock market crash every 7 – 8 years, and due any time…
Regardless of which candidate the voting machines select in the US election in November 2016, the above are important concerns that most likely will not be addressed. A few thoughts:
From ZeroHedge: “Yes, The System is Rigged”
“If 2016 has taught us anything, it is that if the establishment’s hegemony is imperiled, it will come together in ferocious solidarity – for thepreservation of their perks, privileges and power.”(the P.P.P.P.)
From Pam Martens: Here’s Why Americans Are Mad as Hell
“Yesterday we published our 1,007th article here at Wall Street On Parade on the insidiously corrupt financial system in the United States known as Wall Street. It’s a system that now operates as an institutionalized wealth transfer mechanism that is hollowing out the middle class, leaving one of every five children in our nation living in poverty, while funneling the plunder to the top one-tenth of one percent.”
“The actual role of Wall Street is to fairly and efficiently allocate capital to maximize positive economic outcomes for the nation. Under the current model, Wall Street is focused solely on maximizing profits in any manner possible, including fraud and collusion, to maximize personal enrichment. When Senator Bernie Sanders said during his campaign stops and a presidential debate that “the business model of Wall Street is fraud,” there was a long, substantive archive of facts to back up that assertion.”
“After the 2001 collapse of Nasdaq, nothing materially changed to stop the systemic corruption model. In fact, corruption accelerated. Instead of allocating capital to build new industries and new jobs to ensure America’s future, Wall Street allocated capital to unsound derivatives and to subprime borrowers, whom it knew from its own internal reports, did not have the ability to repay the loans. Wall Street then offloaded its derivatives risk to AIG and suckered Freddie Mac and Fannie Mae into buying its toxic subprime debt. All three institutions collapsed under the weight of this Wall Street corruption and, jointly, received over $367 billion in taxpayer bailouts.”
From David Stockman: Why Social Security Will Be Bankrupt in 10 Years
“On a cash basis, the OASDI (retirement and disability) funds spent $859 billion during 2014 but took in only $786 billion in taxes, thereby generating $73 billion in red ink. And by the trustees’ own reckoning, the OASDI funds will spew a cumulative cash deficit of $1.6 trillion during the 12-years covering 2015-2026.”
“So measured by the only thing that matters—hard cash income and outgo—the social security system has already gone bust.”
In essence, the Social Security funds have already been spent and the supposed $2.7 trillion fund balance is nothing but a phantom debt issued by the Treasury. Further, the Social Security system assumes that phantom debt will accrue phantom interest earnings, but since neither exists, the US government must borrow even more to cover the deficit between Social Security taxes and payouts.Which will it be – default or hyperinflation?
From ZeroHedge: 96% of Clinton Donations Went to the Clinton Foundation
According to the report, the Clintons took a $1 million donation to charity as a deduction on their tax return for 2015. The $1 million went to the Clinton Family Foundation. It maintains the P.P.P.P.
- The elite will maintain the system “for the Preservation of their Perks, Privileges and Power,” (the P.P.P.P.).
- Debt and excessive government expenditures will increase because they facilitate the transfer of wealth from the lower 95%.
- We, the lower 95% in the economic food chain, need protection from currency devaluations, counter-party default risk, loss of purchasing power, and hyperinflation.
- Given that the “endgame” is either default or hyperinflation, what protects from both? Easy! What is discouraged by both Wall Street and the Fed
- Physical gold and silver protect from the devastation of paper debt defaults and from the ravages of hyperinflation. Safely store them outside the banking system.
- A world dominated by either paper debt defaults, hyperinflation, or both will be an ugly world, but we will survive better when protected and insured via physical gold and silver.
- Read: “The Dollar Index and Helicopter Money”
Gary Christenson is the owner and writer for the popular and contrarian investment site Deviant Investor and the author of several books, including “Fort Knox Down!” and “Gold Value and Gold Prices 1971 – 2021.” He is a retired accountant and business manager with 30 years of experience studying markets, investing, and trading. He writes about investing, gold, silver, the economy, and central banking. His articles are published on Deviant Investor as well as other popular sites such as 321gold.com, peakprosperity.com, goldseek.com, dollarcollapse.com, brotherjohnf.com, and many others.
When it crashes the perks will have to go. The public has nothing left to give,time for the high and mighty to give something up or have it taken from them.
you all must see this… an hopefully see just how true it is.
May the day comes that the scums of the earth aka the 1%’ers along with their families regardless of the countries they live in be burned one by one after being hanged.
I’ll gladly participate in this joyous event since these SOB”s have killed many innocents and it is time for payback.
Was watching Trump talking in Milwaukee…..I don’t know who writes his speech but he just said the problem in the USA is lack of enough police force. So looks like we are fucked by either selection of the HRC or Donald Duck.
California lawmakers and Jerry Brown recently enacted some of the worst gun control laws in the United States.
Now those same California lawmakers, voted to exempt themselves from those very laws they imposed on the citizens.
Just like Hillary, they think that laws are for the little people.
When the people have nothing they will revolt and take from those who do. Killing that golden goose,they are….
“Over $13 trillion in global sovereign debt “yielding” negative interest rates.”
somehow the effect of the word “trillion” has become numbed in the collective psyche…and they can’t seem to nail down an actual amount of what is owed…
unfunded liabilities in my house means that which I owe.
maybe its time we got back to the basic of life.
The elite entitled shmucks call the shots, they don’t care if there are only a thousand people left on Earth , they’ll still fight each other to have the most power and wealth, truly the worst of humankind. Storm the gates before they kill us all. They want that last dollar in your pocket and you dead.
Hitler had the right idea, sort of. The problem with Hitler, the most evil man who ever lived (according to the 1/10th of 1%) is that he was, in reality, just too nice, kind, and peaceful. He was never in the business of genocide. Contrary to his alleged “victims”; who, really are murdering perpetrators of genocide. While genocidally attacking the German citizens with bombs, and raping and murdering survivors, the 1/10th of 1% still manage to play the victim card.
Hitler outlawed Free Masonry. He made the 1/10th of 1% leave Germany. Hitler gave the evil% their possessions in a special deal called The Transfer Agreement. Sending the evil% to the center of the oil rich Middle East, Hitler, knowingly or unknowingly, caused the greatest calamity of the human race. By allowing these healthy unscathed wheeler dealers to set up shop in Palestine, Hitler set the New/J*w World Order to establish a place at the crossroads of the earth empowering the evil% to control Europe and Asia, the Americas, Africa, Australia, and the rest of the world. Putting the white man’s attention on the exaggerated suffering of the evil% distracts one from the much greater suffering CAUSED by the evil%, J*w. He gets away with murder while his victims bend over backwards trying not to offend his pretense of feigned sensitivity. Which only gives these evil bastards the proof of their superiority.
Hitler sort of had the right idea. Hitler wanted to get rid of the problem by removing them, by exile. He never attempted to kill them. The three stooges, all Masons; Stalin, Chamberlin, and Rosevelt fought to defeat Christianity and install a Marxist/J*w Satanic (Luciferian) Athiestic New World Order. The three conspired to overthrow the white Christian (Roman Catholic) Germany. Chamberlin commissioned American scientists to make Anthrax cakes. Which they did. The top secret plan to infect Cattle and kill the entire population was stopped just before implementation because of fear that Hitler also could release biologicical weapons causing unilateral annilation.
Hitler was right about the dangerous Free Masons. However, he simply could not grasp the level of evil he tried to defeat. This is the ultimate battle between good and evil, yet most people do not comprehend who the enemy is. The enemy calls himself J*w. As Jesus said, he calls himself J*w, but he is not a J*w.
Not Chamberlin, it was the other Englishman, that short, fat, drunk. What the hell was his name?
Oh yes, Winston Churchill. I should perhaps picture a Church on a hill and a short fat bald man standing on the roof smoking a Winston cigarette.