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How 18 Financial Superstars Plan To Thrive In Obama’s Terrible Economy

April 25, 2013 by  

 

Hello, I’m Wayne Allyn Root for Personal Liberty. My new book, The Ultimate Obama Survival Guide, was just released last week. I’m proud to report that, as of this moment, it is the No. 1 finance best-seller in the world at Amazon. It is also the No. 1 economics best-seller. It is also the No. 1 conservative or liberal political best-seller. Last week, it ranked the No. 21 best-seller of all 3 million books sold at Amazon.

Timing is everything in life. Americans are scared to death and searching for hope. They know the economy is bad and getting worse. They know there are no jobs. They know there is no recovery. They know they are being fed a pack of lies by President Barack Obama and the mainstream media that adores him. They know at this moment our economic survival is in question.

It is clear that Obama’s policies will, at best, make things worse over the next four years. At worst, they will collapse the economy. After all, they are the exact same policies that have led to the collapse of the EU economy happening now before our very eyes. Europe is in a Great Depression, maybe the greatest of all time. And the EU is America’s No. 1 trading partner. Its crisis will become our crisis. Its collapse will deepen our collapse.

But there is good news amid this terrible economic crisis. Did you know that there were more self-made millionaires created during the Great Depression than in any other period in history? While the vast majority of citizens were crushed (and that’s a tragedy), a select smart few Americans made fortunes. That’s because crisis, decline and collapse often create great opportunity for those with vision, courage and a unique understanding of the situation. So how can you capitalize on this same scenario today?

Much like the first Great Depression, we are about to experience “the greatest wealth transfer in world history.” You’ll need to get on the right side. You’ll need a detailed plan that will empower you to do better, even as the economy gets worse.

The first thing going in our favor is that Obama is so predictable. He’s going to do what he’s always done: more big-government spending and massive cradle-to-grave entitlements. That much is clear.
 Despite the President’s reckless policies and insane levels of spending and debt, your path to success is to create your own “Booming Personal Economy” in the midst of economic collapse. To write my new book,The Ultimate Obama Survival Guide, I turned to 18 of the smartest and richest superstars of business and finance for help. Almost all are worth $100 million or more. A couple are billionaires. Several manage a billion-dollar hedge fund. I was honored they agreed to give my readers their valuable advice and game plan for the next four years. They were actually excited to contribute.

Let me give you a small taste of what they told me.

First, let me demonstrate something: If you had invested $1 million in 1913 in the U.S. dollar (kept your money in the bank or put it under the mattress), your assets today would be worth about $40,000. But if you had instead invested in gold, your assets would be worth $87 million. These are facts.

Our reckless and spendthrift politicians and inept government have let it happened again and again. In 1971, if you had invested the same $1 million in the dollar, today it would be worth $200,000. If you had chosen gold instead, you’d have about $47 million. How about the year 2000? Today, your $1 million investment in the dollar would be worth $663,000. If you chose gold, it’s worth about $5.7 million.

The smartest bankers in the world concur. In 2012, central bankers of the world’s industrialized nations bought more gold to protect their countries than in all the years since 1964 combined. They know what my 18 business superstars know: Very bad times are coming. If you don’t invest in precious metals to protect your assets, you are playing Russian roulette with your family’s future.

And now it’s the perfect time to buy. Gold and silver had a large decline last week. Count your blessings. You can now buy at a big discount. The masses are (as usual) headed for disaster, panicking and selling gold at its lowest point in years and crowding (like a herd of cattle) into stocks, bonds and the U.S. dollar at their highest points. History suggests this will not end well. My 18 millionaire and billionaire friends are using this drop in price to buy gold with both fists.

Evidently, some very smart people agree; because in response to that one day crash of gold, we saw record-setting gold sales. In Asia, it was described as the biggest gold-buying spree in 50 years. In Europe, there is a three- to four-week wait to get the physical gold you bought last week, because gold dealers can’t keep up with the demand. And one of smartest and richest billionaire investors on Wall Street announced just days ago that he believes economic disaster is coming and that the only possible way to protect yourself is gold.

But my 18 millionaires and billionaires had lots of priceless advice beyond buying gold. These superstars of business and finance also agree that you should:

  • Move to a no-tax State like Texas, Nevada or Florida. Over the course of a typical 40-year working life, you can save an extra $1 million for your retirement without actually earning $1 more or working any harder. You save the extra money simply because you keep more of what you earned.
  • Invest in oil and energy stocks. Instead of complaining about the price of gas and home heating oil, you can instead prosper from it. When the price of a barrel of oil goes up, you’ll cheer instead of curse, because you own it.
  • Invest in farmland and agriculture stocks. Instead of complaining about the dramatic rise in the price of food, prosper from it. Every time you go to the supermarket and the prices of meat, milk and lettuce are up, you’ll cheer instead of complain, because you own it.
  • Invest in medical real estate and medical stocks. Obamacare is the biggest boondoggle in history. But like it or not, it’s here to stay. Instead of complaining about the trillions of dollars the government will waste on Obamacare and the 40 million new patients we’re paying for (including illegal immigrants), prosper from it. Buy stock in health insurance companies, pharmaceutical companies, biotech companies, medical real estate investment trusts. Every time the government spends $50 on a $1 procedure, you’ll cheer because you own it.
  • Invest in foreign stocks, bonds and real estate. You already have a home, a career and a pension fund invested in America. It’s time to diversify. Obama was right about one thing: You must “spread your wealth around” — to countries that have lower taxes, more opportunity, better demographics and a brighter future than America under Obama. My millionaires and billionaires are investing in China, India, Singapore, Hong Kong, Thailand, Cambodia, Vietnam, Brazil, Australia, New Zealand and Switzerland, to name a few. The future is brighter than America in those countries. The people in those countries are hungry, driven and ambitious — the way Americans used to be. You need to invest in their success.

This is just the tip of the iceberg, and you’ll need a very sturdy lifeboat to weather this storm. When it comes to Obama, first get mad; then get even. This is how you do it. With an 18-point plan called Y-PODS: “Your Personal Obama Defense Shield.”

It all starts with the battle plan above from my new book, The Ultimate Obama Survival Guide. America’s survival is in doubt, but yours doesn’t have to be. You have a duty to survive, to protect your assets, to save your family. You must create your own “Booming Personal Economy,” no matter what Obama does to the American economy. Your mission is to survive, thrive and prosper despite Obama.

You can find my best-selling book, The Ultimate Obama Survival Guide, at Amazon.com or at Costco, Barnes & Noble, Sam’s Club, Books-A-Million or any fine bookstore. Or you can find more information in the box right under this article. Just look for the book cover of The Ultimate Obama Survival Guide to order your very own copy.

I’m Wayne Root for PersonalLiberty.com. See you next week. Same time, same place. God bless.

Wayne Allyn Root

Wayne Allyn Root is one of America's leading Libertarian-conservative authors. Wayne's new book is The Murder of the Middle Class Wayne is a Capitalist Evangelist, serial entrepreneur, conservative media commentator, and proud champion of the middle class. He is a former Libertarian vice presidential nominee and Fox News regular. Follow Wayne on Twitter and visit Wayne's web site: www.ROOTforAmerica.com

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  • GALT

    Were they EXCITED to share their advice? Is this similar
    to the excitement you feel, sharing your “idiocy” for “personal liberty”?

    You do know that such advice requires disclosure except when it comes
    second hand from a shill like you?

    You seem to have forgotten your previous “advice”…..and the fact that you
    claimed you would not survive a second Obama term as a “small business”
    person?

    So how is your new mlm scam coming along?

    Tulips anyone? Get your ‘tulips” here!

  • GALT

    Wayne Allyn Root’s Wealth Masters International — Is It a Scam or Fraud?
    Libertarian embarrassment Wayne Allyn Root has long promoted an MLM (multi-level marketing) company called Wealth Masters International (WMI). Some people think all MLMs are ponzi schemes, frauds, or scams. Other people think that some MLMs are honest and legit.

    You can see Root hawking WMI in this promotional video. (Root hawks MLMs with the same enthusiasm with which he sells breakfast cereal).

    Especially shameless is Root’s special appeal to the jobless — to the people who can least afford risking their savings on a risky MLM.

    Root doesn’t name “this company” in the video. Like any salesman with a hard-to-sell product, he teases the client with only bits of info, making them want it before letting the other shoe drop (such as the high pricetag). But the video appears on the WMIWealthPlan.comwebsite.

    That website also uses Root’s LP credentials to buy credibility for Root and WMI. The site says: “Wayne Allyn Root is a politician, entrepreneur, television and radio personality, author, and a well known political commentator. He was the 2008 Libertarian Party vice-presidential nominee. Today is Chairman of the Libertarian National Campaign Committee.”

    This past weekend, San Diego anti-tax activist Richard Rider sent out a group email (posted at Independent Political Report) in which he wrote:

    “Wayne Allyn Root has been a very effective spokesperson for liberty. Not perfect, but a much better communicator than most libertarians. That is perhaps both his strength and his weakness.

    “At heart, Root’s a salesman. Nothing wrong with that. So am I (and I’m FAR less effective than he is).

    “But I’m afraid that his bottom line is selling dubious products to ‘fellow travelers’ in the liberty movement. It’s called ‘affinity selling,’ common in belief groups — religious or not.

    “Such seems to be the case below. He’s hustling what appears to be an MLM program — multi-level marketing. You go to the website, and you get a lot of hype and endorsements, but no substance as to what the program is. For that, doubtless you have to sit through a presentation. Bad sign.

    “For 20 years I was a CFP financial planner. I worked on commission. I sold good products and bad. While overall I did pretty well for my clients, I made just about every investment mistake there is at one time or another — except pyramid schemes.

    “I also got to review many investment and business propositions brought to me by clients. I can see, feel, taste and smell a hustle.

    “Indeed, I contacted the SD COUNTY DA on the infamous local J. David Dominelli commodity pyramid scheme 18 months before it collapsed (the DA did nothing despite two letters I sent detailing my concerns).

    “Some MLMs are just harmless pyramid marketing schemes without much front money (think Amway) — others are terrible frauds. Can’t say which one this is, but I’d bet dollars to donuts it is one or the other.

    “One important aspect of such programs is that the salespeople have to BELIEVE in the program. It’s almost a religion. Few (generally found at the top of the pyramid) are actual con men, hucksters who understand the game.

    “I suspect that Root is a believer. I KNOW he’s be a passionate and effective sales person for the deal.

    “I caution Libertarians to be skeptical. Indeed, skepticism is a trait that we have in abundance — except perhaps when we trust the messenger.

    “Trust NO ONE in investments — and especially in MLM. Think Bernie Madoff — a superb con man who successfully worked his belief group — Jews. Similar con man Ponzi hustles are particularly common among Mormons and Baptists.

    “Let’s be VERY careful out there.

    Read what the Ripoff Report says about Wealth Masters International.

    Posted by Thomasat 11:04 PM

  • GALT

    The REAL Wayne Allyn Root

    http://shakaama.blogspot.com/2

  • organize-white-people

    sexual liberation/revolution is behind American decline. Disintegration of families, relations, bonds. this was not an ideological battle of left vs right, GOP vs Dems, Socialism vs liberty. This is ethnic warfare against white people.

    Why do hostile globalist elite defend Israel as a Jewish ethnostate with Jewish only immigration, but ravage white majority Europe/North America into a multi-ethnic, multi-cultural Gulag with dystopian non-White colonization?

    East Asia is 99% yellow. Africa is 90% Black. West Asia is 99% Brown. But 3rd world colonizers are annihilating Whites, just as China is annihilating Tibet.

    Why do gullible Whites cuckold for murderous anti-White elite, who confiscate White people’s guns, infiltrate/subvert our banks & espionage agencies, indoctrinate White kids in academia/mass media, plunder White jobs/wages, & butcher White soldiers in bankrupting wars?

    “Native” Americans are not native. They invaded from East Asia. All races, all cultures are guilty of slavery, genocide. From Greeks till today, Whites are victims of Jewish/Crypto-Jewish, Turkic, Muslim, African slavery, genocide.

    Gullible Whites should reject subversive anti-White ideologies – libertarianism, feminism, liberalism, & reject hostile slanders of racism/collectivism. Love to all humanity, but White people must organize to advance their families, their fertility, their homelands, their interests. Reading list:
    goo.gl/iB777 , goo.gl/htyeq , amazon.com/dp/0759672229 , amazon.com/dp/1410792617

    • KG

      Zeig Heil! (nazi salute with a click of the heels of my jackboots)
      So been reading those old Whitepower tracts written by David Duke?

      Or maybe the Anti-jewish writings of Ford?
      No, he was probably reading his Bible while sitting on a pile of Bobby Dylan Albums – and the Lawd “entered” him.

      I thought the KKK was out of fashion?

      • John

        Cute, but no refutation of what owp said. Hitler was 1/4 jew and had almost 10,000 jewish officers in his army. All financed by the Rothschilds. They were National Socialists,not “NAZI’s”. A jewish term taken from Ashkanazi meaning snake people.
        So Henry Ford gave his opinion, substantiated by fact, of Jews. In a free society why is that wrong? Sounds to me like you hate non-jewish white people.

        • KG

          I do not hate white people, since I’m one of em. But, and this is a big but, I do hate white people who think they hold some kind of privileged place for just being white.

          I thought that crap ended in the 60’s until I worked on a job with a young black apprentice. I came in one Monday, and he wasn’t there anymore. I asked the boss what happened to him , and he said “…yea, he was a good worker and all, it’s just too bad he’s black.” I was floored. What he said made me sick, and this was in 1995, not 1955. Ever since then I have really tried to end my own ethnic “superiority” complex, and learn that all peoples, and I mean ALL PEOPLES are Gods kids. So for me to insult anyone just because of the shade of their skin is really evil.

    • walter777777

      You appear to be just a little mad, but you also are quite wrong about Israel. There are over 1,000,000 Arabs living in Israel. They work. Many of the young persons go to college with the University of Haifa having many Arab students. There are Arabs in the Knesset, and both Haifa and Jerusalem have had Arab mayors.

      W.

      • John

        Ask any arab living and working there. They will tell you they would leave if they could. I have met many Christian and Muslim Arabs who once lived in Isreal and they all describe it the same way. Hell. Discrimination is rampant and they are literally second class citizens.

        • Dave

          A good reason why religion has no business in Gov. Israel is great… if you are the right religion…. Saudi Arabia is great… If you are the right religion and caste…
          Conservatives want to make Christianity the state religion in NC and anytime religion gets in Gov, bad things always happen. Religion should be kept to yourself and your church/temple/synague and out of laws and Gov.

          • John

            Conservatives are responding to attacks on their beliefs by non christians using government office to achieve non-christian objectives. I see nothing wrong with fighting back when your ideology is being attacked. Interpreting the Constitution the way they want to, is becoming a national pastime. These are the unintended consequences of attacking Christians. Also becoming a national pastime, attacking Christians.
            I do agree religion should be kept to yourself.

          • Dave

            Examples of this “attack”

  • KG

    Mr. Root, you are an a$$#@!*. How can “everyday” normal Americans acquire the funds to start these “incredible opportunities” when all of your rich, hedge fund manager buddies are keeping it to them selves? Sure thing that tragedy offers opportunity. Now is the time for people with money to take everything away at fire sale prices.

    But what about the millions of everyday, working class people who work everyday, and still find themselves falling behind everyday? Those “millionaires” could make real business and hire a bunch of people, but why take the risk? Just keep it to yourself for your own retirement and to He77 with anyone else. The truth is, not everyone can become an entremanuer.

    Another thing that happened during the Depression was the mass mobilization of the Labor movement in organizing workers to demand higher wages and better working conditions. It was this increase in the relative wealth of the citizens that produced the conditions to allow those “millionaires” to make their money. Mr. Root, without people with money in the market, how can you even have a market? I know that your profession is very much like “the oldest profession” in that you make money off of other peoples misery.

    Tax cuts have made people like you lazy. Why invest any money in expanding my business, when all I have to do is kick back and just keep more money? You see, by taxing the wealthy, that forces them , if they want to make money, to go out and spend that money on expansion, thereby expanding the market. However, all you guys have gone “Galt” and are sitting on piles of cash that you stole in 2008. That’s why “the government” has had to become the “spender of last resort”.

    • Capritalist at Birth

      You are an ignoramus when it comes to economics.

      • KG

        Ummm… if there are no buyers in the market, how can you have a market?

        I’m waiting…..

    • GALT

      tsk, tsk……….”gone Galt”, is simply ignorance of Rand and her book.

      I realize it is “frustrating” to have to deal with the general “ignorance”
      of your audience…….but to use that expression in that manner, is equally
      ignorant and/or intellectually lazy.

      • KG

        I could have been more blunt and say instead “…become heartless, selfish basturds” instead of “gone Galt”, but I thought most people would understand that. Sorry if I hurt your feelings, but the philosophy of Ayn Rand assumes that material prosperity is only possible if you are a heartless, selfish, self-centered person with no emotions or feelings.

        However, if you are honest, you will realize that Ayn Rand was actually a moralist who put a lot of stock into a persons self-control. Well, at least until her paramour, Nathan Branden was cheating on her with a younger woman. Ayn Rand went BALLISTIC. Her “moral self-control” went out the window. She destroyed the man that actually made her famous.

        Just face the facts. Ayn Rand was nothing more that a crazy Russian lady who had a grudge against the Soviet Union.

        • GALT

          Once again, your ignorance has no affect on me, and “gone Galt” is not a synonym for “heartless, selfish bastards”, and although you are accurate with regard to her being “influenced” by being raised in the “soviet union” until she left in 1925, your understanding of her is seriously flawed, as are your “facts”.

          In any case, I responded to you, to correct your “ignorance” regarding your use of the phrase…….only to find that you require far more education than that …….and since your present understanding is insufficient to bother engaging in a debate, I offer you this:

          http://en.wikipedia.org/wiki/Ayn_Rand

          If you are still having problems, feel free to get back to me.

          “The Master said….If names are not correct, language is not in accordance with the truth of things. If language is not in accordance with the truth of things, affairs cannot be carried on to success……..Therefor a superior man considers it necessary that the names he uses may be spoken appropriately. What the superior man requires, is just that in his words, there may be nothing incorrect.”

          “The Master said,…..Without knowing the force of words, it is impossible to know men.”

          Confucious 551 -479 B.C.

          • KG

            Confucius say, woman who crash airplane upside down have “crack up”!

          • GALT

            Didn’t bother to read the bio, huh?

          • KG

            I did. And that’s what came to mind. People who put any faith in anything that Ayn Rand believed or advocated are a little touched in the head. If everybody started to follow her philosophy, it would be a terror dome of selfish, self-centered people trying to outdo each other in cruelty to acquire physical goods.

            Oh – we have that already. It’s called “The Republican Party.”

          • KG
          • GALT

            Which bio….the one below in your link, or the one in mine?

            Your statements above regarding “Nathaniel Brandon” are clearly “factual error” in all respects, especially with regard to any career influence or the personal relationship between them……they were both married, they had an affair with PERMISSION of their spouses, and it ended on the completion of Atlas Shrugged.

            He was “used” as a muse, nothing more.

            He cheated on his own wife later, with an actress…..which led to their disassociation, after Rand found out, from Brandon’s wife. If he did anything, it was being instrumental in the “creation” of the “cult”….as she shifted to philosophy directly after 1957.

            Now make no mistake, she was a powerful personality, so powerful that she couldn’t have cared less about her cult or Brandon…….and this sense she lived her individualism especially as it pertained to both the interpretation and use of her work…….ideas which she had previously expressed in the Fountainhead. ( it is also why Atlas Shrugged was never made into a movie and which you might have understood if you had relied on biographical facts instead of an attempted criticism of her work, because these facts are available in your link and you chose to misrepresent or over emphasize them is somewhat unclear. )

            So again we are left with your original mistake, the correct meaning of “going Galt”…….and the essence of the criticism from your link. BTW the author of this criticism points out, that not having read “Atlas Shrugged” makes any criticism impossible……and given your somewhat undisciplined “interpretation” that you have any “direct” knowledge of her work seems highly unlikely.

            I believe (and here I speak strictly for myself and not for the Skeptics Society or any of its members) that reality exists and that reason and science are the best tools we have for understanding causality in the real world. We can achieve an ever-greater understanding of reality but we can never know if we have final Truth with regard to nature. Since reason and science are human activities, they will always be flawed and biased.

            The reference to “reason” here, is to that of “logical reasoning” initiated by Aristotle……..this discipline is not a “natutural function” of “human consciousness”……..nor does it evolve from the part of the brain that permits “abstract reasoning”………if fact this part of the brain can lead to any and all possible philosophical constructions…….as indicated by:

            1976 Julian Jaynes published his controversial book The Origins of Consciousness in the Breakdown of the Bicameral Mind, introducing the hypothesis of a two-chambered brain-mind model that preceded the evolutionary development of the conscious mind.

            Nature does not require “logical reasoning” nor do species evolve or mutate genetically toward this goal…….it is therefor a “choice” and a learned discipline. The final sentence above is a mistatement…and a logical fallacy…..and imprecise. Human activities are “potentially flawed” and “may be biased”……

            Morals do not exist in nature and thus cannot be discovered.

            This is again, imprecise……immorality does not exist in nature, but nature is quite clear about what is required, and meeting those requirements is morally compelled by whatever means necessary. That humans have failed to make this distinction or state it clearly leads to “other” problems…………..

            “As long as it is understood that morality is a human construction influenced by human cultures, one can become more tolerant of other human belief systems, and thus other humans. But as soon as a group sets itself up to be the final moral arbiter of other people’s actions, especially when its members believe they have discovered absolute standards of right and wrong, it is the beginning of the end of tolerance and thus, reason and rationality. It is this characteristic more than any other that makes a cult, a religion, a nation, or any other group, dangerous to individual freedom. This was (and is) the biggest flaw in Ayn Rand’s Objectivism, the unlikeliest cult in history. The historical development and ultimate destruction of her group and philosophy is the empirical evidence to support this logical analysis.

            But that was preceded by this statement:

            I accept most of Rand’s philosophy, but not all of it. And despite my life-long commitment to many of Rand’s most important beliefs, Objectivists would no doubt reject me from their group for not accepting all of her precepts. This is ultimately what makes Objectivism a cult.

            And it was a “cult” she destroyed…….

            What separates science from all other human activities (and morality has never been successfully placed on a scientific basis), is its belief in the tentative nature of all conclusions. There are no final absolutes in science, only varying degrees of probability. Even scientific “facts” are just conclusions confirmed to such an extent it would be reasonable to offer temporary agreement, but never final assent. Science is not the affirmation of a set of beliefs but a process of inquiry aimed at building a testable body of knowledge constantly open to rejection or confirmation. In science, knowledge is fluid and certainty fleeting. That is the heart of its limitation. It is also its greatest strength.

            The statement: There are no absolutes……is an absolute, so again we are faced with imprecision ( see confucious )…….and misinterpretation which is rhetoric, not reason. While certain things are resigned to probabilities………and the direction of these thoughts is generally acceptable…….it does result is a body of knowledge. At the quantum level probabilities rule and time has no direction…….but this is not the “reality” of the “universe”……..where time exists, has a direction and where Entropy rules without question……and this, like the simple imprecism regarding morality and nature…..changes things, in terms of the criticism offered.

            To take Rand in the most positive light from your link we have this:

            All humans seek personal happiness and exist for their own sake, and should not sacrifice themselves to or be sacrificed by others. And laissez-faire capitalism is the best political-economic system for the first three to flourish, where “men deal with one another, not as victims and executioners, nor as masters and slaves, but as traders, by free, voluntary exchange to mutual benefit,” and where “no man may initiate the use of physical force against others”

            Taking the quoted portions, there is nothing morally objectionable nor would it lead you to “going Galt” as being what you describe………but there is still a great deal of “imprecision” regarding what the words mean. For example….laissez-faire capitalism is the best political-economic system…….requires a great deal explanation.

            But since we are only dealing with “going Galt” and your erroneous understanding which deals with “Atlas Shrugged” we need only deal with….Who is John Galt? or for you Who was John Galt?

            To answer this we need to know what does she mean by “capitalism”, or since you are the one that made the mistake….what do you think she means?

            “The plot involves a dystopian United States in which the most creative industrialists, scientists and artists go on strike and retreat to a mountainous hideaway where they build an independent free economy. The novel’s hero and leader of the strike, John Galt, describes the strike as “stopping the motor of the world” by withdrawing the minds of the individuals most contributing to the nation’s wealth and achievement. “

            What you describe is not that…….you see, we could not substitute Warren Buffet, Bill Gates or Steve Jobs for John Galt, nor Jamie Dimon, Loyld Blankfien, or anyone on Wall St……..nor could any of them “go Galt” nor would they have been “invited”………so her “capitalism” does not appear to be “yours”….although she did write Capitalism: The Unknown Ideal………and the Virtue of Selfishness, which is misleading but actually quite simply paraphrased by Whitney Houston’s “The Greated Love of All”………..

            In short, is her work flawed…….yes, but not for those reasons you have described…….and her work is contextually limited to the “times” in which she lived…….she did in fact remain true to her own understanding……..which can properly be focused in terms of “individualist artistic integrity and creative control of intellectual property rights”….so she was more Howard Roark than John Galt, and she remained true to that.

            She also had a better understanding of what “capitalism” was, while most here struggle to define it and have even less understanding of it…and that too…..as well as …….economics, itself has come under far more intense scruntiny since her death…….so she offers much to discuss and she is not so easily dismissed, and certainly not on the basis of your “ignorance” of her. ( intelligent discussion being rare here in any case, you do not serve to promote it by your rather superficial understanding of her……..so the next time, say what you mean. )

          • KG

            Oh. yea. With a post like that, it is clear that you are not a cult member. ;) And I still think she was a crazy, selfish, self-centered, egotistical, woman with a grudge against not just the Soviet Union, but anyone she perceived as smarter than she was. Don’t worship someone because they have stroked your own ego.

            I suggest reading Victor Frankel’s Man’s Search for Meaning. Now there’s a philosophy worthy of the entire human race, not just selfish rich people.

          • GALT

            My reading that book will not change the FACT that your
            use of “going Galt” as a synonym for “selfish greedy bastard
            rich people” was incorrect……….and while there are a lot
            more things to discuss and were raised within the context
            of your use of that “incorrect synonym”…..that is the only
            POINT in contention.

            So what you have demonstrated is that you are “incapable”
            of the admission of this ERROR?

            You also have absolutely no “clue” what I am about, and
            the name is GALT…….not John Galt and I am a P.L.F. something else which no one here has a “clue” about ……ironically, the response here ( among your opposition ) is to make the “equally ignorant” assumption, based on the name, and to call me a “traitor” or worse, based on my choice of using it.

            I have no clue why you are here…..but you are remarkably
            ineffective……and you have obviously not given what I have written here any thought…….which is understandable, because
            you find yourself a target and engage in useless, circular
            exchanges……..and if that is what you are all about, please
            feel free to continue……..

            In closing, I shall offer this to you, again…..since like the
            ‘single point of our exchange’…….the significance has
            eluded you…….

            “The Master said….If names are not correct, language is not in accordance with the truth of things. If language is not in accordance with the truth of things, affairs cannot be carried on to success……..Therefor a superior man considers it necessary that the names he uses may be spoken appropriately. What the superior man requires, is just that in his words, there may be nothing incorrect.”

            “The Master said,…..Without knowing the force of words, it is impossible to know men.”

            Confucious 551 -479 B.C.

          • KG

            Bro, I am sorry if I offend you personally. That is not my intention. However, as a fellow human being, I just wanted to try and “enlighten” you to some different “facts” I have come across. I know I will never convince anyone of my personal beliefs and opinions, but please realize, neither will you. Remember, “beliefs” are irrational, no mater how much material you may have to back it up. Because a “belief” is neither factual or verifiable. So, your strong beliefs about Mrs. Rand are just that: your beliefs.”

            “….kumba ya my lord, kuba ya…”

          • GALT

            Once again you did not offend me………and I do not operate
            on “belief”……..and you are STILL not PAYING attention.

            For those idiots you waste your time with here…..this is
            described as being a “willfully ignorant, functional illiterate”,
            shortened to ( w.i.f.i. )

            Thank you for your attempt to “enlighten me”, but that was
            not, nor is not the POINT or the reason for this exchange.

            “going Galt” is not a synonym for “selfish greedy bastard
            rich people”.

            That’s it. Done, finished, simple, case closed. Your own source
            tells you that “not having read the book” makes any criticism
            IRRATIONAL…….which he applied to William F. Buckley, for
            basing “his criticism” on a “review”……..

            You did not even have THAT understanding and yet you
            persist……..( see bold text…….see w.i.f.i……see if you can
            figure out what the proper response is )

            If not, I hope you are “not offended” by the resultant
            application………BTW Brandon Smith would be an
            actual attempt at “going Galt”………missing Rand
            since the “productive talent” is not available…..and while
            he is “naive”……and opens himself up to similar criticisms
            as in the “cult of individuals”……..he does not qualify as
            a “selfish greedy bastard rich person”

          • KG

            But, one day, he might. That’s why he feels the need to defend other “selfish greedy bastard rich persons”.
            Am i right?

          • KG

            And you are still “proselytizing” for you “objectivist” beliefs. Which are beliefs. No matter how much emotional or intellectual currency you have put into it.

          • GALT

            The bold print is all you have to understand….I have NOTHING
            invested in Rand…..and you are still clueless about me….
            play with these people all you like…..it’s your time….waste it if you must…..or can’t prevent it……not my problem in either department.

          • KG

            That’s OK. I think you would be a cool dude to have some beers with. Cheers!

          • GALT

            We have plenty of beer in Vegas…and we NEVER sleep,
            plus everything is almost legal….and we know Root for
            what he is…….and on that score, some progress has been made here also.

            Should you ever decide to visit…..there is a beer called
            Fischer Gold…..can’t get it out here…at least not yet…
            used to come in 3 packs ( 8 oz bottles ) back east.

            Do you play poker?

          • KG

            I usually just play the Video Poker. I take $50 dollars and put in a dollar slot. If I win, that’s OK. But I limit myself to that $50 so I can still make it home without hocking my car!

            In Texas they have a beer called Shiner. It’s the closest to “mothers milk” I have ever had. Although in high school, mothers milk was the $1,99 6pack of Milwaukees Best!

            However, the girl I married loved to go to Vegas, and now, when I go, all I think about is the good times we had there. But, we got divorced. Oh well.

            I did go see Motley Crue at the “joint”. I missed them in the ’80’s, Man, they put on an awesome show!

            Take care, Bro

          • GALT

            No, he is a young end of the world “survivalist”, you can
            click on his name on the right, or wait ofr his bi-weekly screed
            next tuesday……or review some of his more recent offerings….

    • hungry4food

      KG Read the first story … it talks about what the hedge funds are doing to escalate the Collapse of the Japanese yen , and this will bring on the Domino effect on the Global Financial markets and the collapse of the equities again soon …..

      The second story talks about the domino currency collapse in the developed nations ….

      Has the
      next crisis begun?

      The Bank of Japan’s latest
      economy-saving efforts seem likely to trigger another Asian currency crunch.
      And that, along with a weakening US economy, will blindside a lot of investors.

      http://money.msn.com/investing/has-the-next-crisis-begun

      Get far away from USA…its collapse will be
      messy- Jeff Berwick

      http://www.youtube.com/watch?v=jP84xZ4Frn0

  • peter

    When those 18 Superstars and their league of disciples have made all these unimaginable fortunes there will still be the ‘ plebs ‘ who have nothing. The real problem will be that they will all be in the same boat when the planet has been totally destroyed, when the water and food is gone and bing rich dudes will not help at all,unless their greed and the ‘ unbelievable Wall Street guru’s ‘ with their gambling mates (banksters and their ceo’s) can miraculously manufacture clean water and produce edible food. Those guys only drink whiskey and eat caviar so how they intend to survive is questionable. Maybe they can eat their money and gold? The ‘ plebs ‘ won’t have a problem at all, since they have nothing anyway, but are more likely to survive at the end of the day. Having enough is usually better than having too much.

  • Warrior

    Between the article and the “responses”, who are the real “hustlers”? Seems as though whatever one thinks they “OWN”, there will “ALWAYS” be “hustlers” who will want to “confiscate” what is not “theirs”. For me, I like metals, all kinds.

    • GALT

      How remarkably “uncritical” your thinking is?

      How completely “undisciplined” your use of words?

      hus·tler

      Noun

      An aggressively enterprising person; a go-getter.

      An enterprising and often dishonest person, esp. one trying to sell something.

      Not looking good so far, how about…..

      Definition of HUSTLE

      transitive verb

      1 a : jostle, shoveb : to convey forcibly or hurriedlyc : to urge forward precipitately

      2 a : to obtain by energetic activity b : to sell something to or obtain something from by energetic and especially underhanded activity c : to sell or promote energetically and aggressively d : to lure less skillful players into competing against oneself at (a gambling game)

      Still not looking good……by definition, there is only one “hustler”
      here……..and at least “one potential sucker”………but wait, there’s more..

      Definition of CONFISCATE

      1 : appropriated by the government : forfeited

      2 : deprived of property by confiscation

      Origin of CONFISCATE

      Latin confiscatus, past participle of confiscare to confiscate, from com- + fiscus treasury First Known Use: circa 1533

      and

      Definition of CONFISCATE ( as verb )

      1 : to seize as forfeited to the public treasury

      2 : to seize by or as if by authority

      so my w.i.f.i. friend besides managing to screw all that up,

      you may have gotten something right…….

      For me, I like metals, all kinds.

      The shinier the better? When applying the word “hustle” to that
      little bit of info……in terms of skill……that would make YOU…….a “fish”.

      BTW in most cases the “fish” or “mark” does not really require
      “luring”…….and P.S. no one wants what you have except the
      “hustler” here……..you gonna bite?

  • mark

    An economy made for billionaires and millionaires. No wonder Mr. Root is so happy. I thought that socialist Obama reduced all these folks to paupers selling pencils on the corner – in need of help from the rest of us – maybe a telethon for billionaires like Jerry Lewis’ for MS-stricken kids. I can see Mr. Root organizing that. But seriously, great news they’re all doing fine despite a small tax increase in January. This news has certainly made my day. Rock on billionaires! Your buddy Mitt didn’t get in the White House – but you still rule as you have every single day for last 237 years since July 4, 1776. Geez, Mr. Root, tell me something I don’t know.

  • Flashy

    “It is clear that Obama’s policies will, at best, make things worse over
    the next four years. At worst, they will collapse the economy. After
    all, they are the exact same policies that have led to the collapse of
    the EU economy happening now before our very eyes”

    Well Mr root..with this one sentence, you destroyed any semblance of legitimacy in economics and policy. If this truly is your opinion and ‘expertise’, any advice in investment is fraught with failure. The policies of the EU these past six years are those policies which the extremist wack jobs insist we should adhere to. We can thank whatever guide which blessed us with this President that such were not adopted.

    the remainder of your…schtick is just that..schtick using select “gee Whiz” numbers and stats that have no meaning other than they look impressive. That they have any bearing on what you state to you, is irrelevant. As long as some dolt bites and buys your book.

    • The Christian American

      The economy is simple. You can’t consume more than you produce. The government and the federal reserve have been doing just that for over 100 years with printed paper.

  • hungry4food

    Higher Taxes will only Enrich the NON Producers of Human
    Vital Needs and cause Inflation to SOAR !!!!!

    Here is a Great Example and the Keystone Pipeline project is
    just the same !!!

    The Corruption
    is being allowed to happen so These NGOs can
    de-develop our means to produce to cause
    Inflation in the capital markets and tip the profit structure over the
    edge of solvency . This gives the Government the Power to Nationalize
    … a NGO environmentalist dream come true !!!! And Look who is leading
    the Charge in Canada in this article below ……

    http://www.sunnewsnetwork.ca/video/featured/prime-time/867432237001/canadarsquos-problem-province/2322398580001

  • Doc Sarvis

    The redistribution of our country’s wealth to the top 1-2% is what got us into this mess and why we remain in a sluggish economy. The wealthy have convinced/financed the congress to keep that money in their pockets while socking it to the middle class.
    It would be far more valuable to our country and to 98% of its citizens if Mr. Root would examine how the middle class can get ahead. This is what President Obama and other progressives are doing.

    • GALT

      This might help…….( not Root, of course )

      Meet the 28-Year-Old Grad Student Who Just Shook the Global Austerity Movement

      By Kevin Roose

      Thomas Herndon, Excel sleuth.

      Most Ph.D. students spend their days reading esoteric books and stressing out about the tenure-track job market. Thomas Herndon, a 28-year-old economics grad student at UMass Amherst, just used part of his spring semester to shake the intellectual foundation of the global austerity movement.
      [remainder of excessively long cut and paste comment removed. please use links]

      • GALT

        The board shrinks if the post is long, and you have to click to open it.

        Restrict the length of “idiocy” of your articles……or eliminate the “idiocy” altogether and you won’t have to be concerned with rebuttals that expose it.

        You picked this “system” and “your objection” is unwarranted….since what is seen is no bigger than what is there now…..

        And if you are getting interest……..for a topic…….you have many pages

        all requiring a “click to load” more…….

        You picked it……live with it…….we do.

        http://nymag.com/daily/intelligencer/2013/04/grad-student-who-shook-global-austerity-movement.html

        Happy now????????

    • CongressWorksForUs

      He just did explain. You have invest in real, tangible assets. Can you not read?

      The real reason we are being wiped clean is because we have all believed the lie that the only way to get rich is to use dollar-cost investing in the stock market.

      The market is a scam, which is why the rich don’t invest in it!

      • GALT

        Can YOU not READ??????

        Other than “moving” to a non tax state…..everyone of Root’s
        bullet points includes the following phrase…….

        “invest in…….stocks”

        which is the advice of his 18 millionaire’s and billionaire’s……

        Can YOU not READ?

  • Vigilant

    Mr. Root, you have become a huckster. Your article is merely an infomercial for personal gain, and does not belong under the heading of “Conservative Politics.”
    Your comments strike the wrong chord. I’m reminded of Rahm Emmanuel’s favorite “don’t let a crisis go to waste” remark. You’re tone deaf if you don’t recognize that the fortunes made by “a select smart few Americans” is not going to solve today’s problems.

    I’m as much a Capitalist as anyone, and as committed to free market principles as the Founders. But your extended advertisement enjoining us to engage in the equivalent of war profiteering now gives credence to much of GALT’s continued excoriation of your methods.

    • GALT

      Damn, you forced me to vote again.

    • ridge runner

      You forgot to remember the Great SocietyJohnson and his slut Bird who made ship loads of money off of the Gook War, all from the USA taxpayers.

      • KG

        That’s not the real reason why you hate Johnson. It’s because he helped the Negros with civil rights. Is your white robe clean from the last cross burning?

        • Bob666

          Yo KG, ROTFLMAO!!!!!!!

    • http://www.facebook.com/CapitalistAtBirth Greg Murphy

      Ditto that.

      • FreedomFighter

        It is war — and its coming soon.

        The Honorable Senator John Cornyn, State of Texas
        United States Senate
        517 Hart Senate Office Building
        Washington, D.C. 20510

        Re: Department of Homeland Security (DHS) and that agencies preparation for war against citizens of the United States of America

        Dear Senator Cornyn,

        It is with gravest concern that I write to you today concerning the recent appropriation of weapons by the Department of Homeland Security (DHS) that can only be understood as a bold threat of war by that agency, and the Obama administration, against the citizens of the United States of America.

        To date, DHS has been unwilling to provide to you, the elected representatives of the People, justification for recent purchases of almost 3,000 mine-resistant ambush-protected (MRAP) armored personnel carriers, 1.6 billion rounds of ammunition (with associated weapons), and other weapons systems, when, in fact, the DHS has no war mission or war making authority within the limits of the United States of America.

        Significant is the fact that at the same time the Obama administration is arming his DHS for war within the limits of the United States against the People of the United States in accordance with his 2008 campaign speech claiming,

        “We cannot continue to rely only on our military in order to achieve the national security objectives that we’ve set. We’ve gotta (sic) have a civilian national security force that’s just as powerful, just as strong, just as well funded [as the United States military]”–Candidate Barack Obama, 2008.

        The Obama administration is deliberately defunding, overextending, and hollowing the Department of Defense; the only legitimate agency of the U.S. government with a war mission.

        This act of the Obama administration stands as a glaring threat of war against our nation’s citizens! This act of the Obama administration can only be understood as a tyrannical threat against the Constitution of the United States of America!

        If left unresolved, the peace loving citizens who have sworn to defend the United States Constitution “against all enemies, both foreign and domestic” are left no option except to prepare to defend themselves, and the U.S. Constitution, against this Administration’s “coup” against the People and the foundations of liberty fought for and defended for the past 238 years. We have no choice if we honor our oaths.

        The only proper response to this threat against the American people is for the representatives of the People, the members of the U.S. House and Senate, to demand in clear terms that the Administration cannot ignore, that the Department of Homeland Security immediately surrender their newly appropriated weapons of war to the Department of Defense (DoD).

        Further, since the DHS has assumed a position in the Administration to enforce the tyrannical acts of this president against the People of the United States against the limits of the United States Constitution, it remains for the United States Congress to exercise its limiting power in the balancing of powers established by our founding fathers, to disestablish and dissolve the DHS as soon as possible.

        One needs only to look to the rise of Adolf Hitler, and his associated DHS organizations, the SA and the SS, of 1932-1934, to see the outcome of allowing an agency of government this kind of control over the free citizens of a nation.

        The people of Germany could not have imagined, until it was too late, the danger of allowing a tyrant this kind of power. We must not be so naïve as to think it will not happen to us as well if we remain passive toward this power grab by the Marxist Obama administration!

        Finally, for more than two centuries the nation has lived in peace at home because of the protections of our legitimate military and the many appropriate state and federal law enforcement agencies, supported by Constitutional courts.

        We stand today at a cross-road. Will we allow this present Administration to overthrow our United States Constitution and its legal processes to amend injustices, or, will we honor our obligations to defend the Constitution against a “domestic” enemy?

        Our Constitution lays out the proper methods of resolving our differences; and it does not include its overthrow by a rogue agency of a Marxist leadership at home.

        You, sir, are our constitutionally elected agent to defend our Constitution at home. We are counting upon you. We remain aware, however, of this present threat and will not expose ourselves as an easy prey to the authors of the destruction of our nation.

        I know that this letter demands much of you. We elected you because we, the citizens of the State of Texas, believe that you are up to the task at hand and will, against all threats, honor your oath and office.

        We are also writing to your fellow members of the House and Senate to stand in integrity with the Constitution and against this present threat by the Obama administration and his DHS.

        We refuse to surrender our Constitution or our nation!

        Resolved,

        Captain Terry M. Hestilow
        United States Army, Retired
        Fort Worth, Texas
        March 23, 2013

        http://www.knowthelies.com/node/8860
        Laus Deo
        Semper FI

        • Dave

          FF give it a rest… I expose the (billions of rounds of ammo bought for the war against American citizens) as a fraud many threads ago… Repeating the same lie over and over again does not make it true no matter how much you wish it to be.

          • FreedomFighter

            I have seen the purchase orders — taken right off the DHS procurement website. Now not viewable. See InfoWars.com.
            I have seen pictures of stockpiles of ammo being distributed across the nation.
            I have seen the armored vehicles in action in Boston.
            Congress is seeking answers as to why DHS needs the ammo.
            I have military sources that verify, credible such as above.
            You have nothing.
            Laus Deo
            Semper FI

          • FreedomFighter

            DHS Refuses to Answer Congress on 1.6 Billion Bullet Purchase
            http://www.youtube.com/watch?v=HbfjxjpKoR8

            Oh and here is an interview.

            Laus Deo
            Semper FI

          • Dave

            And once again… the number is 750 Million rounds OVER 5 years….

            “Federal solicitations to buy the bullets are known as “strategic sourcing contracts,” which help the government get a low price for a big purchase, says Peggy Dixon, spokeswoman for the Federal Law Enforcement Training Center in Glynco, Ga . The training center and others like it run by the Homeland Security Department use as many as 15 million rounds every year, mostly on shooting ranges and in training exercises. Dixon said one of the contracts would allow Homeland Security to buy up to 750 million rounds of ammunition over the next five years for its training facilities. The rounds are used for basic and advanced law enforcement training for federal law enforcement agencies under the department’s umbrella. The facilities also offer firearms training to tens of thousands of federal law enforcement officers. More than 90 federal agencies and 70,000 agents and officers used the department’s training center last year.

            http://www.snopes.com/politics/guns/ssabullets.asp

            http://illuminutti.com/2013/02/18/debunked-the-dhs-ordered-21-6-million-rounds-of-ammo/

            See this for the history or ammo purchases

            http://www.activistpost.com/2012/08/the-history-of-dhs-ammunition-purchases.html

            Quit while you are behind… Try not to embarrass yourself further.

          • FreedomFighter

            Your information is fragmented and incomplete.

          • Dave

            And Alex Jones is a nut and shameless…

          • John

            How many CIA operatives have they assigned to Personal Liberty Digest? Your delusions will get you killed just as easily as those of us who see the truth.

          • Dave

            John, I know this site is great for spreading paranoia… But you really need to back away from the computer and just relax a smidge….

          • duane

            then why in the hell are you even on this site davey . your comments are derogatory and inflammatory. So go back under the libtard rock you crawled out from.

          • Bob666

            Yo Dave,
            you know they only like to recognize the “fraction of the facts” that support an agenda.

          • Mike in MI

            Dave –

            Why does DHS need enough ammo for “trainging” and “target practice” to be bought THIS YEAR, when the Poor President has been “Sequestered” on all sides. That much ammunition will last at normal usage rates for ONLY 30 YEARS … unless he wants to redistribute the wealth among the citizens of the United States of America.
            You know, don’t you, that this country has been defended exceedingly successfully (whenever democratic Congresses and presidents haven’t decreed their versions of “Rules of Engagement”) BY COUNTRY BOYS WHO GREW UP WITH WEAPONS IN THEIR HANDS and simple tools in their “Resource Kits” against superior firepower and, often, technology.

            How?

            Their primary weapon was believing the God they were raised with and His ability at work in them. Now, maybe ,your Islambic terrorist friends can set off bombs against civilians real good. But, at some point they’re going to have to go face to face.
            The Japanese used “banzai” tactics, too. So did the NVA on dope and opium. (Our men didn’t lose battles when Congress and LBJ weren’t sending them down the river.) The enemies LOST, you buggers.

          • Dave

            Please Mike, look at the amounts expended each year since 2004. Its not out of the ordinary for 70000 agents. So the way the numbers work is to have 2142 rounds per agent per year for active duty and training and to have on hand. Sorry, that number is not that large. The rest of your nonsense is just that nonsense… Wealth redistribution is what the wealthy and corporations have been doing because it is they who have the political access in Congress and have the money to buy public opinion… The Poor Koch Brothers ince 2008 have seen their wealth double to 64B dollars so don’t lie and tell me that Obama is trying to do anything but help keep those in power today, in their seats. You are a complete fool if you think otherwise.

    • Mike in MI

      Great response, Vig –
      I was kind of taken aback by the COLUMBIA grads discussion, too. Maybe he absorbed more of the same stuff Obombus did than he thinks. His column is as much 5th column as Chrass Matthews of msnbc, crawlin’up the leg fame.
      WAR is just rife with send your money (and your business) off-shore, invest in ObombusCare as much as possible, assist BigPharma (J. Reck-of-a-feller) in their in-the-name-of-“health” poisoning, doping, disease production and medical-mind-jamming dis-assembly of America. There are as he sells it, many other things one could do to make out great while one’s fellow Americans are in agony.
      WHAT A SUPER GUY he is…….n”t

  • Dave

    Since the economic collapse of late 2007-early 2008, the top 7% in this country have seen their wealth increase by 30%, The 93% that work for a living saw their wealth decrease by 4%.

    That is no accident. W.A.R is their shill…

    That is the result of what the conservatives love to call “class warfare” but the misguided conservatives think it is the liberals who are playing that game when it is in fact the wealthy that are actively fighting this war and winning going away.

    See the wealthy have the money to influence lawmakers in Congress, the wealthy have the money to make ad buys to lie to you and tell you things that are against your financial interests are actually good for you… like austerity programs that are failing in Europe. The wealthy have K street lobbyists that roam the halls at will.

    The reat of us do not have those advantages so we do not have a seat at the table. The only way average people get the attention is through Unions. Unions are the only counter-balance against the corporatists and the wealthy have are bleeding this country dry. Since we were inflicted with Ronald Reagan, Productivity from workers has continued to rise but their wages have stagnated. Many were fooled to thinnk this was ok because Ronnie Reagan and Congress loosened credit regs and made credit cards so easy to get. So the result is higher personal debt for people while Reagan was telling anyone who will listen that everything was great… And it was great for the banks, wall street etc that bought the GOP and many Democrats to do their bidding.

    Even today, Congress and Obama have done the American people a disservice by gutting the law that was supposed to stop insider trading by members of Congress called S.T.O.C.K. Money and Greed at the top will be this country’s undoing….

    People like the low wage workers in Chicago and in NY who went on strike have the right idea. We need to go into the streets and demand to have big money in the political process removed, to demand the big banks be broken up and reform lobbying so that Congress can get back to work for the people of the United States. We have to stop the GOP and Corporatist Democrats from doing further damage and to undo the damage that was already visited on us by Reagan, Clinton, Bush 2 and their Congresses.

    • Bob666

      And what poor saps line up to cheer them on!!!! anyone hear that sucking sound????

    • Mike in MI

      Dave You just stripped a couple of cogs off your mental machinations. You said the austerity programs in the EU are failing.
      Well, YEAH.

      But, YOU (I’ll delete it myself) basic logic requires that they are in the position of needing to implement “austerity” because THEY HAD SPENT EVERYTHING THEY HAD ON SOCIALISTIC HOCUS-POCUS “PIE-IN-THE-SKY”… in just the same way Obombus is proceeding. But there’s no way out now. Just a matter of time ’til somebody makes a mistake (on purpose) to put us in the tailspin that starts the (war or) civil disorder – famine – pestilence death parade.

  • The Christian American

    Twenty, $20.00 Gold pieces could buy you a $35,000.00 automoblie today. In other words, the paper certificates we’ve been using as money have been counterfeited to a point where it takes 1,750 today to buy one ounce of gold where it use cost just 20 of them. The real money, medium of exchange, is the gold or silver the paper represents. The rest of the paper is counterfeit. The price of gold on the market should and does show what the paper is worth. You cannot print, counterfeit, more paper than what gold is worth and that’s what’s been happening. You can’t print paper to determine the value of gold. That’s criminal. The buying power of gold and the certificates representing it should increase. Getting one ounce of gold for a weeks pay would be the same as getting $1,400.00. The genius of man would have determined the buying power of gold. You could say the same for silver. They should be the only medium of exchange. The paper certificates should be redeemable at the full value they represent and be the property of the holder. Now every FRN (Note) represents a debt to the holder. We own nothing because the debt to the Federal Reserve is larger than the entire worth of the nation.We are in total bondage to the government and their partners in crime, the Federal Reserve.

    • GALT

      Sorry but the value and purchasing power of gold changes
      everyday in terms of dollars, up, down, and sideways……

      The price of a car in dollars does NOT change every day……

      20 gold pieces buys you a lot less car than it did a week ago……

      Try again.

  • Peter Barney

    If Root suggests that we need to spread the wealth in other countries that hate us. And give credit for Obama! Call Obama a marxist. Your Mad!

  • ridgerunner

    Have been noticing all of the madrass educated marxist knee pad worshippers sure don’t have any issues with protecting the pedophile worshipping pervert, who killed amd hurt people in the Boston marathon. Of course with a crossbred nuslim lover and a white hating AG and his racist drug headed rug scrubber, we shouldn’t expect any different out come. Having a judge stop the interveiwing, just more dictator type protecting criminals and new voters for the communist democrat party voting rolls..

    • Jeff

      Bob:

      I know it’s outside your jurisdiction, but don’t you think an intervention of some type is in order? This person is obviously sick.

      • Bob666

        Yo Jeff,
        ya think??
        Remember, this is not a haven for sound mental health.

  • BUD USMC

    Mr. Root;

    I read your post about ever week, and I have come to the conclusion that

    you should have voted for Obama as much money as you are making off of him.

    Maybe if you and Obama could get to gather and solve some problems,

    instead of creating more every one would be better off.

    I am sure you have the same right as he does to write a book, and profit from

    it. I think you both are pushing your own agenda.

  • FreedomFighter

    “You must “spread your wealth around” — to countries that have lower taxes, more opportunity, better demographics and a brighter future than America under Obama. My millionaires and billionaires are investing in China, India, Singapore, Hong Kong, Thailand, Cambodia, Vietnam, Brazil, Australia, New Zealand and Switzerland, to name a few.”

    This is a sad statement for America and illustrates what the progressives have done to our economy and why American business is failing and we as Americans are becoming a 3rd world nation. Every reason for investing in XYZ company, place or gold is why we as American need to remove every single progressive from political office democrat and republican they are killing America, thus your children’s future.

    Laus Deo
    Semper FI

    • Dave

      LOL… Reagan was a progressive? Phill Gramm? Bill Clinton?
      Of F/F you are hilarious… yes we should elect more conservatives to more of the wealth can get concentrated at the top. That will work well… Lets have even more money in the political process as well.
      Lets not forget, it is the conservatives that faught tooth and nail to stop real campiagn finance reform. You have drunk the kool-aid and you actually believe the conservative propaganda. Execpt on oil of course… there you are straight socialist. How do you reconcile the positions?

      • FreedomFighter

        oh great another ninnyhammer spewing irreverent bird droppings.
        Laus Deo
        Semper FI

  • Dave

    The other piece I find amusing about W.A.R is the “Americans are scared and in need of hope” bit…. W.A.R and the rest of the insane clown posse have only been trying to drum up fear for their own purposes and agenda.

    • GALT

      People may be slow…….but they catch on eventually…..That
      Wayne can find anyone to listen is pretty amazing……

      Just imagine the book him and Bernie will be able to write, when
      they are finally sharing the same accommodations?

  • Terry

    With dividends included, stocks make more for investors than gold over time.
    Gold is for return OF capital, not return ON capital. Your suggestion to buy
    energy, medical, and agriculture stocks is good. How about gun stocks?

  • JON

    Wayne “I’m a divisive jerk” Root must be forgetting that the economy was is horrible shape before Obama took office.

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