GETTING OUT OF THE BANKING SYSTEM

GETTING OUT OF THE BANKING SYSTEM

The governments of the Western developed countries and that of Japan have become desperate. They are printing paper currency at the speed of light.  A financial catastrophe is being concealed from the public. My guess is it has to do with the one quadrillion plus dollars in over-the-counter derivatives. In any case, the central banks and the central planners are now out of control.

The public remains in its long term coma thanks to the propaganda machine of the mainstream press who assures everyone that everything is just fine. But it isn’t fine. The theft of depositors’ money in Cyprus is not a one-off phenomenon. Canada, New Zealand and other countries have passed laws that would enable them to do the same. Should a major bank fail, you could wake up one morning only to discover that the government has stolen money right out of your account and given it to the bank in order to save the institution. People vs. banks and governments is no contest. It is an adversarial relationship that inevitably will go from bad to worse.

But, you say, our bank accounts and our stock accounts are insured. Really?  The FDIC may have almost 1% of the total depositor funds with which to reimburse depositors. And unless you own your equity portfolio in your name with specific stock certificates, don’t even think that your stocks are safe. Most everyone’s portfolio of stocks is in street name. That means when the brokerage company goes bankrupt, your stocks go with them. The moral of this tale is: you don’t own what you can’t touch.

But none of that could happen here, you say? The Federal Reserve came on the scene in 1913. Had you placed your money in a checking account 100 years ago, each dollar would now be worth $0.04 cents. Now that’s what I call theft on a scale almost unimaginable. It’s done to Americans surreptitiously like the frog analogy. Place a frog in boiling water (Cyprus) and he’ll jump right out. But put him in warm water and gradually turn up the heat. He won’t notice it until it is too late.

With the endgame getting closer by the day, those few renegade individuals who actually think for themselves are getting out of the banking system while they can. As confidence is gradually lost in the authoritarians and their paper money Ponzi scheme, people with functioning brain cells will exit the system in astounding numbers. They will buy whatever you can’t print. What’s your plan?

April 9, 2011

GET USED TO FRACKING

                                                       GET USED TO FRACKING

About a month ago DR. Alan Chartok had a show about fracking on WAMC. For an hour people from all over the area called in to express their displeasure, their horror, on how this brutal method of extracting oil and gas from shale will destroy the ground water and in general poison the environment. I for one could not have agreed more with each of the callers. The toxic chemicals along with the unimaginable quantities of water necessary to carry out the horizontal drilling in order to get the fossil fuels trapped underneath the land will surely cause horrendous damage.

Since I was in the car driving up to Williamstown, I heard the entire show. And I could not believe that not one person seemed to understand the inevitability of widespread fracking. After all, the possibility of the United States becoming energy independent after years and years of sucking up to OPEC is so overwhelming, so game changing, that the issue is basically a done deal.President Obama is holding fifteen licenses to drill in the Bakken Shield of North Dakota, the Eagle Ford of Texas and the Monterey formation in California etc. All of the big bad oil companies are champing at the bit to get those licenses. But Obama is holding them close to his vest. They are, after all, worth a fortune each. And since the country is broke, Obama will indeed sell them, but not before he extracts his pound of flesh from the companies.

My guess is that the economic possibilities involved are so great in terms of not only energy independence, but the creation of thousands and thousands of jobs along with great wealth, that Obama will become a hero very much like FDR. And like Roosevelt, the American people may even want Obama to run for a third term. If he can't overthrow the 22nd amendment, there's always Michelle.

I know all that sounds crazy. And I will mourn with so many of you over the destruction that will surely be done to our land and water. But the economic potential is so great, it could literally lead to the re-emergence of this country. Lets face it, the economy and jobs versus the environment has never been a contest in America. Much to my chagrin, the writing is on the wall.

March 4, 2013