Nobody knows how long the present fascist system, euphemistically called American democracy, will last. It is totally corrupt, and the breakdown of the rule of law is all but complete. Oh, yes, we still have the national symbols of liberty — but in name only. We have widespread corporate corruption as well as the corporate corruption of government and politics.
As with the collapse of all paper money systems in the last days of a fiat regime, everything is for sale with almost no exceptions.
The American people are under final siege, but precious few are aware. Most people are obsessed with their materialism and sports craze. It’s many times bigger than it was in Rome. Everything is money and money is everything. The United States has more political prisoners than the any nation in the world. What is left of the “American system” is rot shrouded in failed morality on synthetic life support.
More Americans need broader perspective beyond their daily obsessions and petty mindset. The screws are being tightened, and the force majeure (inevitability) of revolution is coming into focus.
Will government and its politicians awaken in time for reform with economic sobriety? The answer is categorically no! Nobody will give up power. Federal judges rule by edict. Thomas Jefferson correctly identified that the downfall of the United States will come from the judiciary — the one branch that has no accountability. The No. 2 cornerstone of national wealth is the rule of law. Paper money destroys the rule of law.
Few Americans are aware that the judiciary of the United States is accountable to no one. Thomas Jefferson was correct when he said the most ruthless, dishonest and dangerous segment in our government is the unaccountable judiciary.
Everything lies in their hands, from property values to the national wealth itself. When the rule of law becomes the self-interest of the state, nobody is safe. Your future is destroyed and your savings and assets are not secure.
When a Federal judge does not have any checks and balances to regulate his behavior, the very purpose of the rule of law is defeated.
Gold is the true indicator of the confidence in government. When confidence in the government declines, gold skyrockets.
One thing is certain: Historically, governments have rarely paid their debts. In the final collapse, government will attack the private sector and the people rather than admit that government itself caused the decline and fall of America, if not all of Western civilization.
The shock potential of the people is still dormant. Government propaganda and the public education system have numbed the senses of the crowd. It is not unlike a drug addiction.
The professional and managerial class is just as deceived as the street crowd. They don’t have a clue. They, too, are obsessed with Saturday’s game and their own little worlds. The big picture is anathema to them. They have no inquiring minds about the downward trend of the system or monetary realism. They could not care less except to pooh-pooh any voices of alarm.
It will end in the shadows, and it will end badly. The elite who plan and rule our lives will see to it. If their systems fail, they will take away the party. This is certain.
So-called American politicians are traitors to the people they supposedly represent. With few exceptions, the Supreme Court has so ruled that corporate financial “contributions” (payoffs) are now legally unlimited. Few have objected.
No Federal politician has brought forth a bill to take away their special privilege system of huge guaranteed-for-life retirements or the grandiose healthcare system they enjoy which is outside of and separate from Social Security and Medicare assigned to the people.
Then we learn that Congress has installed for itself no-risk investing based on inside information. This is a criminal offense for the public. Most politicians would not talk to 60 Minutes about the practice, while others were hostile, especially Nancy Pelosi (D-Calif.). They are world-class hypocrites!
The following is quoted from Martin Spring, On Target Oct. 11:
Explosive Potential in the Loss of Trust
Angry middle classes and the poor are going to “engineer a social or political revolution against the wealthy,” predicts Kishore Mahbubani, dean of the school of public policy at the National University of Singapore.
The rich either forgot or ignored “the implicit bargain” or “social contract” that they were allowed to get richer providing everyone benefited. Leading the way were the bankers who developed “financial weapons of mass destruction” of no economic value, yet “almost destroyed the world.”
“Yet, after being rescued by taxpayer money, then repaying nominal debt to governments — but not the debt for the social and economic destruction they caused” — the bankers reverted to paying themselves fat bonuses.
Mahbubani says: “Bankers and governments have lost the trust of the man on the street. Demonstrations on Wall Street and in cities around the world provide early tremors of powerful earthquakes to come.”
In the U.S., for example, it is only a matter of time before a charismatic activist emerges “to give political potency to the more reasonable demands of the Tea Party.”
He does not say so, but the inference is that the hard Right is more likely to emerge as a force that challenges the discredited ruling elites (and their politicians) than the usual suspects on the Left who have already had their chance to reshape their societies, with disappointing results.
One reason for the breakdown in public trust is that few people believe official inflation figures any more. They just don’t ring true when we see the prices we’re asked to pay at the supermarket, or the escalation in our bills for education, medical care, local taxes, or whatever.
One reason is that the bureaucrats deliberately ignore many costs such as those for food and energy, on the grounds that they are “temporary.” Oh yeah… A subtle yet more important reason is that the statisticians adjust the raw data to incorporate the extra value you get when buying new products. You may have to pay more, but think of how much better off you are, dummy…
In America, ShadowStats keeps a track of the difference between official inflation, and what’s really happened to prices without “calculation modifications.” The difference is amazing. Since the early 1980s inflation in the US has averaged 3.87 percent a year officially — but without all those modifications, it has averaged 11.45 percent No wonder ordinary folks are angry, and getting more so.
Such corruption will end badly because it is self-destruction of its perpetrators. This is a natural law with predictable consequences.
Things will happen. All governments are destroying their currencies by either massive overnight devaluation or the constant printing of money. In countries where currencies go down faster, those governments put on draconian controls and step up the suppression of citizens.
The rule of law has been supplanted by the rule by political edict.
All economies are political economies, that is, they are controlled by government. We can monitor government by their official denials. A denial means an imminent reversal. Watch and listen!
There will never again be rule of law with or alongside a fiat paper currency. It will all last until the shock potential is triggered and revolution becomes spontaneous. The slate will be wiped clean of debt and fiat money. This economic winter will have run its course.
The good news is that economic spring is coming with new and powerful impetus and growth grounded on a new monetary system with the restoration of the rule of law. I will meet you there! But first, we have to go through the fire!
In the economic winter, with huge world debt and collapsing currencies, we invested in gold, silver, and gold and silver equities.
In economic spring we will invest in big board blue chip New York stocks and real estate.