From Simon Black, on having gold (AU, currently at 2k/oz) and silver (AG around $20/oz or so) in a self directed IRA, etc, in Sovereign Man . Of course, AU/AG are the only assets that are not, at the same time, not someone else's liability; Jim Rickards says just hold as insurance, maybe 10-15% or so; self directed can vault in places like Singapore, Switzerland, Cayman Islands, etc so there is no security risk with home storage, yet in a secure place, and in an allocated account (your specific name on it). Anything could happen... but below sure seems most likely! And the Deep State wants to destroy America... about which I think Lenin who said the surest way to destroy a country was to debauch its currency. Indeeed, I think counterfeiting money was one of only a few crimes punishable by death during the Founders' creation of America.
The US national debt is now $33.7 trillion; that’s up more than HALF A TRILLION just in the month of October.
The people in charge have absolutely zero fiscal restraint. Zero responsibility. Zero sense of how destructive their actions are. They spend money and go deeper into debt as if there will never be any consequences, ever, until the end of time. They’re disgustingly ignorant, and dangerous. The truth is that there are serious consequences to all of this debt. And we don’t have to guess what they are.
The Congressional Budget Office is already projecting that, by 2031, the US government will spend 100% of its tax revenue just on mandatory entitlements (like Social Security) and interest on the debt. This means that, after 2031, the funding for literally everything else in government-- from the US military to the light bill at the White House-- will have to be funded by more debt.
That’s only 7 years away. Then, two years later in 2033, Social Security’s primary trust fund will run out of money; this will cost the government an additional $1 trillion in additional spending each year to keep the program running. Naturally they’ll have to borrow that money too. Eventually the national debt will become so large that simply paying interest each year will consume more than 100% of tax revenue.
The Federal Reserve will most likely attempt to bail out government by creating trillions upon trillions of dollars. But just as we saw over the past few years, such actions will most likely result in much higher inflation. Disgusted with their financial circumstance, voters across America will likely turn to Socialist politicians who blame all the problems on the evils of capitalism, rather than their own incompetence. And with a majority of leftists running the country, they’ll only make things worse.
We are, strictly speaking, in a fasco-Marxist environment. And yes, fascism, as in the Nazis, or National SOCIALIST German Workers' Party, which adopted explicitly socialist planks at its first convention in Munich, Feb. 1920, and as it's founder, Benito Mussolini defined in his eponymous 1932 The Doctrine of Fascism - read for free here, https://sjsu.edu/faculty/wooda/2B-HUM/Readings/The-Doctrine-of-Fascism.pdf, 10 -12 pp or so, said.
Fascism and Marxism are cousins, the diff being nationalism vs. internationalism, and the former has the socialist state use big crony biz to conduct its operations, whereas the latter the govt directly controls the means of production. So, yes, these are differences, but not significant. And for both, as Mussolini said "All within the state, nothing outside the state, nothing against the state."
And if you don't fight back now, it will be, as Orwell said, like a boot forever stomping on your face AND paradoxically at the same time like Huxley's soma.
THANKS for picking up my interview!
From Simon Black, on having gold (AU, currently at 2k/oz) and silver (AG around $20/oz or so) in a self directed IRA, etc, in Sovereign Man . Of course, AU/AG are the only assets that are not, at the same time, not someone else's liability; Jim Rickards says just hold as insurance, maybe 10-15% or so; self directed can vault in places like Singapore, Switzerland, Cayman Islands, etc so there is no security risk with home storage, yet in a secure place, and in an allocated account (your specific name on it). Anything could happen... but below sure seems most likely! And the Deep State wants to destroy America... about which I think Lenin who said the surest way to destroy a country was to debauch its currency. Indeeed, I think counterfeiting money was one of only a few crimes punishable by death during the Founders' creation of America.
----------------------------------------------------------------------------------------------------------
The US national debt is now $33.7 trillion; that’s up more than HALF A TRILLION just in the month of October.
The people in charge have absolutely zero fiscal restraint. Zero responsibility. Zero sense of how destructive their actions are. They spend money and go deeper into debt as if there will never be any consequences, ever, until the end of time. They’re disgustingly ignorant, and dangerous. The truth is that there are serious consequences to all of this debt. And we don’t have to guess what they are.
The Congressional Budget Office is already projecting that, by 2031, the US government will spend 100% of its tax revenue just on mandatory entitlements (like Social Security) and interest on the debt. This means that, after 2031, the funding for literally everything else in government-- from the US military to the light bill at the White House-- will have to be funded by more debt.
That’s only 7 years away. Then, two years later in 2033, Social Security’s primary trust fund will run out of money; this will cost the government an additional $1 trillion in additional spending each year to keep the program running. Naturally they’ll have to borrow that money too. Eventually the national debt will become so large that simply paying interest each year will consume more than 100% of tax revenue.
The Federal Reserve will most likely attempt to bail out government by creating trillions upon trillions of dollars. But just as we saw over the past few years, such actions will most likely result in much higher inflation. Disgusted with their financial circumstance, voters across America will likely turn to Socialist politicians who blame all the problems on the evils of capitalism, rather than their own incompetence. And with a majority of leftists running the country, they’ll only make things worse.
We are, strictly speaking, in a fasco-Marxist environment. And yes, fascism, as in the Nazis, or National SOCIALIST German Workers' Party, which adopted explicitly socialist planks at its first convention in Munich, Feb. 1920, and as it's founder, Benito Mussolini defined in his eponymous 1932 The Doctrine of Fascism - read for free here, https://sjsu.edu/faculty/wooda/2B-HUM/Readings/The-Doctrine-of-Fascism.pdf, 10 -12 pp or so, said.
Fascism and Marxism are cousins, the diff being nationalism vs. internationalism, and the former has the socialist state use big crony biz to conduct its operations, whereas the latter the govt directly controls the means of production. So, yes, these are differences, but not significant. And for both, as Mussolini said "All within the state, nothing outside the state, nothing against the state."
And if you don't fight back now, it will be, as Orwell said, like a boot forever stomping on your face AND paradoxically at the same time like Huxley's soma.
AMEN!!! Time is not on our side so all those couch potatoes need to get up and get involved.
What a fantastic interview
Thanks. I am sure Dr. Yoho and Jim will appreciate your comment. It was an eye opener especially the part about the kick back for cancer treatments.
Shyt! I’ve been listening to Dr. Yoho’s book… it’s so sad what is/has been happening!!
https://m.youtube.com/watch?v=Ye476jKeDMw
Butchered by "Healthcare" Audio chapters 1 - 16
I am listening too. I increased the speed to 1.25 so it goes faster
What’s the term? “A day late and a dollar short “