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Market Oracle FREE Newsletter

Trading Lessons

The End of the American Century

Politics / US Politics Jun 03, 2009 - 09:02 AM GMT

By: David_Vaughn

Politics

Best Financial Markets Analysis ArticleEver had roasted pig cooked slowly over an open pit?

Fun to watch that baby smoke and burn!  Pictures of barbeque ribs, fresh pork sausage, and those luscious heavily loaded pork sandwiches.  Of course there remains the tea, beans, and home made fresh cut Idaho fries.  That’s a real depiction of the American lifestyle, huh?  Freedom to stuff our stomachs and enjoy our time off as we please. 


And let’s not forget the biggest and greatest symbol of our American freedom…the automobile.  Don’t you just love that big truck, that minivan and the all purpose sedan?  We definitely love our toys here don’t we.  The freedom to eat high on the hog and the freedom to drive our own set of personal wheels.

Well, if the present administration gets its way we will all be riding around in little doodle bugs.  And only rich contractors will be able to afford the new premiums added to the costs of a pick up.  The U.S. Treasury will soon own almost 73% of the new GM.

George Gerber - “Fearful people are more dependent, more easily manipulated and controlled, more susceptible to deceptively simple, strong, tough measures and hard-line postures. ... They may accept and even welcome repression if it promises to relieve their insecurities.”

We are no longer waiting the new era.  It's here now.  Just grab your box of popcorn and go sit on the Lincoln Monument and watch the wheels of the new era slowly take traction and build up steam.  What’s first on the agenda?  Well, it looks like our American automobile industry is being slowly nationalized.

“It must be said, that like the breaking of a great dam, the American decent into Marxism is happening with breath taking speed, against the back drop of a passive, hapless sheeple, excuse me dear reader, I meant people.” “Then their faith in God was destroyed, until their churches, all tens of thousands of different "branches and denominations" were for the most part little more then Sunday circuses…” “Prime Minister Putin, less than two months ago, warned Obama and UK's Blair, not to follow the path to Marxism, it only leads to disaster.” “The proud American will go down into his slavery with out a fight, beating his chest and proclaiming to the world, how free he really is. The world will only snicker.” english.pravda.ru/opinion/columnists/107459-0/

Well, the total the government owes now is almost 64 trillion.  Wow!  That’s a lot of dough.  There are no more midnight rides for Paul Revere.  We have arrived.  Just a matter of looking at that slow clock turning slowly around its loop.  And how goes proverbial gold?

“Gold Will Be Fine in 2009” “Sources like Peter Schiff and Citigroup have suggested that gold may reach $2,000 per ounce in 2009. Legendary investor Jim Rogers recently declared his intention to exit all dollar holdings.” “Until the fundamental outlook for the U.S. dollar reverses course, I maintain that gold and silver investments offer the best safe-haven characteristics available anywhere.” fool.com/investing/general/2008/12/31/gold-will-be-fine-in-2009.aspx

I’m sitting in a coffee shop actually built for geeks.  My old coffee shop went out of business.  This place is pretty neat.  All these brainy types sitting at tables with their heads buried in their laptop.  And other heads buried in only God knows what.  Anyway, the coffee and food is great here.  And NO kids running around.  That in itself is a blessing.

I know you will want to know that our military remains at the cutting edge of technology.  Praise God!  The army has learned to blow up pigs!

“Military researchers have dressed live pigs in body armor and strapped them into Humvee simulators that were then blown up with explosives…”  “Pigs without body armor died from blasts within 24 to 48 hours…”usatoday.com/

Billionaire George Soros continues his running analysis of where our country and the rest of the world are headed.  He believes inflation is soon to return with a vengeance and the US may find itself in a long term slowdown similar to what Japan has endured these past 20 years.  George believes the US banking system to be basically broke.  Soros is all behind a new currency to replace the US dollar as the world’s reserve status.  The mighty United States financial prowess is soon “…is now coming to an end." “…there is no returning to where we came from…"

Our President has informed the nation and world recently that our country is now out of money.  Very astute statement to make. 

”Gold ETF shows large bullish signs-06/01/2009”“Gold prices have made substantial gains in the last month after the sharp fall in the dollar amid concerns over U.S. debt levels. And now there is a large-scale potential bullish pattern developing on the SPDR Gold Trust (GLD) that merits watching.” nasdaq.com/newscontent/20090601/gold_etf_shows_large_bullish_signs_34416.aspx?storyid=34416

Further revelation was the discovery of the fact that we have short term problems and long term problems.  Wow!  I am comforted with this knowledge evidently just discovered by our leaders. The sins of the past are no longer past.  We are living their harvest today. We are in the throws of a new age and I am trying to adjust.  The warning bells have ceased their ringing and now most smart folks are headed for the fallout and tornado shelters.

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David Vaughn
David4054@charter.net

The future legacy of the United States will be the refined art of financial leverage.

© Copyright 2009, Gold Letter Inc.

“The Worldwatch Institute, an organization that focuses on environmental, social and economic trends, says the current rate of global demand for resources is unsustainable.”  

The publisher and its affiliates, officers, directors and owner may actively trade in investments discussed in this newsletter. They may have positions in the securities recommended and may increase or decrease such positions without notice. The publisher is not a registered investment advisor. Subscribers should not view this publication as offering personalized legal, tax, accounting or investment-related advice. The news and editorial viewpoints, and other information on the investments discussed herein are obtained from sources deemed reliable, but their accuracy is not guaranteed. © Copyright 2008, Gold Letter Inc.

David Vaughn Archive

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