Our Government is Distracting us While they Take your Money right under your Nose !
Yep, It's a Washington way of making you think about one thing on a Nationally Level while they make you broke.
The REAL Weapon of Government Tyranny
Written by Damon Geller
As talk of serious gun control dominates our politics and media, many people are warning of an assault on our Second Amendment and the threat of government tyranny if we civilians are disarmed. Tragically, government tyranny is not a future nightmare; government tyranny is a reality here and now. And in the 21st century, the tyrants don’t care if we have guns or not. The weapons they're using to tyrannize us don't have a chamber or a barrel – the real weapons of tyranny do not involve guns and cannot be halted by guns. Rather, the real weapons of tyranny slowly bankrupt us and threaten our future and security. And there's only one true "protector" that rises to your defense.
While the country is force-fed the fight over gun-control by the media like a poisonous potion, we’re looking at an impending debt BOMB that will inevitably bankrupt this nation, finish-off the gutting of our middle class and our retirees, and ultimately tax everyone to the moon. The real tyranny people need to be protecting themselves from in a big way is the unchecked tyranny of central banks and their monetary destruction.
The Fed debases your currency on a daily basis to steal wealth through an unfair and unconstitutional taxation called inflation. Central banks are the monetary cornerstone of an essentially Communist system. Gun control may feel like something worth fighting over, and it may be, but you’re already being subjugated by your own government and The Fed now. A gun isn’t going to protect you from current monetary tyranny or keep you from having your wealth robbed by a collection of sociopaths that have taken over our political, financial and economic systems.
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How Do You Protect Yourself From This Type Of Tyranny?
You move some of your wealth out of government controlled “fiat” currency, which can be printed all day, and into a hard asset that has protected people against government money corruption and government created inflation for thousands of years. You must hold some hard gold and silver to protect yourself during times like these.
The Debt and Debasement of Currencies will Never Stop
Yes, The Land of The Free is set to impose gun rights restrictions. I would argue, much more importantly, no one is talking about fiscal restrictions or central bank control. The United States Government constantly teeters on the verge of defaulting on its mountain of debt. The German Central Bank has announced that they will withdraw their massive gold holdings from the United States and repatriate it in an unprecedented move that clearly indicates central banks around the world don’t trust each other – and specifically don’t trust the US Federal Reserve or The US Treasury, both of whom have refused to allow gold audits for years.
We exceeded the US debt-ceiling of $16.39 trillion on Jan 1, 2013. The arguing hasn’t even begun yet, but the Treasury has already said it will begin tapping civil servant retirement funds because Congress has not yet raised the ceiling and we’re BROKE. For a little history, Gold ran from $1500/oz. to $1900/oz. in a three-month period from June to September, 2011 the last time the politicians had a big fight over a debt ceiling. The US also came very close to losing its credit rating. During times of corrupt monetary policy, rogue governments and a corrosion of public confidence in our political, economic and financial systems, one must own the one asset that detaches your wealth from all of them: hard gold and silver.
They WILL Raise the Ceiling
As Citigroup has predicted, “First Complacency, Then Horror” is the current and common path through these fiscal messes. Asset markets are likely to ignore the debt ceiling until the last minute, or even later, and then rather than being proactive people, we will be stuck in reactive panic.
There is no choice but to raise the debt ceiling. And debt is a self-imploding monster with a set path. The only question is not if but when the DEBT-BOMB explodes. Raising the debt ceiling (or not raising the debt ceiling) has no effect on spending. Raising the ceiling simply allows the Treasury to pay for spending that congress has already approved. The bottom line is, debt cannot be reduced, period. We don’t pay the compounding interest on our debt; we borrow more money and add it back into the deficit.
The Treasury has debt running up to $28 trillion by 2018. That’s a $1.5 trillion deficit per year (plus compounded interest) for 6 years. Gold and gas prices follow debt. If the cost of gasoline to move your car (or get food to your area) is going to double by 2018 as debt doubles, so will gold. That means gold is protecting your purchase power against the coming debt bomb and the inflation that will follow.
Here’s the correlation between Debt, Gold and Gas since 2005. All debt-data is January 1st and gold-price data is based on the monthly average for the month of January:
- 2005 US Debt = 7.6T, Gold = $430/oz. Gas = $1.82/gallon
- 2006 US Debt = 8.1T, Gold = $520/oz. Gas = $2.28/gallon
- 2007 US Debt = 8.7T, Gold = $635/oz. Gas = $2.40/gallon
- 2008 US Debt = 10.7T, Gold = $875/oz. Gas = $2.90/gallon
- 2009 US Debt = 10.6T, Gold = $855/oz. Gas = $1.90/gallon*
- 2010 US Debt = 12.3T, Gold = $1,100/oz. Gas = $2.80/gallon
- January 2011 US Debt = 14T, Gold = $1,360/oz. Gas = $3.15/gallon
- June 2011 US Debt = 14.3T, Gold = $1500/oz. Gas = $3.75/gallon
- May 2012 US Debt = 15.6T, Gold = $1650/oz. Gas = $3.90/gallon
- Oct 2012 US Debt = 16.2T, Gold = $1750/oz Gas = $4.25/gallon
- 2013 US Debt = 17T, Gold = $1,875/oz. Gas = $4.50/gallon
- 2014 US Debt = 18.8T, Gold = $2,200/oz. Gas = $5.00/gallon
- 2015 US Debt = 21T, Gold = $2,600/oz. Gas = $6.00/gallon
- 2016 US Debt = 22.7T, Gold = $3,100/oz. Gas = $6.75/gallon
- 2017 US Debt = 25.5T, Gold = $3,575/oz. Gas = $7.50/gallon
- 2018 US Debt = 27-28T, Gold = $3,800/oz. Gas = $8-9/gallon
And so on, with many outside shots of inflation breaking out, banking systems imploding, currencies failing, or any host of black-swan events that could speed this trajectory.
We Have Passed the point of No Return
As a result of our actions, money printing will accelerate at a much faster pace in order to service that debt and keep interest rates low, which will further drive up the debt. The fact is, debt MUST grow because of compounding interest and spending liabilities, yet it can’t grow forever. At some point in this debt accumulation process we hit a wall; there’s an “end game.” That end game is either when the service on our debt exceeds our income or when the rest of the world stops loaning the US money and the Fed can’t possibly print enough money to support the Treasury market. At that point, rates rise, credit ratings get hit and economic growth literally stops.
Essentially we have passed the point of no return. We are taking a HUGE portion of this nation’s income just to service the interest on the debt we’ve already incurred. Yes, rates are very low, but imagine if you had a $17 trillion credit card bill! Even with rates as low as they can be, the United States spent $133,728,304,681.78 just on interest last year! Most of that interest in simply compounded, added to the debt number and borrowed against. So debt WILL keep growing regardless of gun control, debt ceilings, fiscal cliffs, political discord, banking fraud or literally anything else.
Prepare NOW. There is an End Game
You won't be worse off for taking control of your retirement. You won't be worse off for holding some of your hard-earned retirement in hard gold in a jurisdiction where politicians can't seize it. You won't be worse off for having some precious metals stashed away close to you and you certainly won’t be worse off for getting at least a meaningful percentage of your wealth out of the “system” and into a hard asset that is not connected to banks, governments, or politicians or that can be debased by central bankers. Hold some of the one global currency that has outlasted every paper currency ever invented and has been a wealth preserver for over 5000 years. You must hold some hard gold and silver in times like these.
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