Best of the Week
Most Popular
1. 2019 From A Fourth Turning Perspective - James_Quinn
2.Beware the Young Stocks Bear Market! - Zeal_LLC
3.Safe Havens are Surging. What this Means for Stocks 2019 - Troy_Bombardia
4.Most Popular Financial Markets Analysis of 2018 - Trump and BrExit Chaos Dominate - Nadeem_Walayat
5.January 2019 Financial Markets Analysis and Forecasts - Nadeem_Walayat
6.Silver Price Trend Analysis 2019 - Nadeem_Walayat
7.Why 90% of Traders Lose - Nadeem_Walayat
8.What to do With Your Money in a Stocks Bear Market - Stephen_McBride
9.Stock Market What to Expect in the First 3~5 Months of 2019 - Chris_Vermeulen
10.China, Global Economy has Tipped over: The Surging Dollar and the Rallying Yen - FXCOT
Last 7 days
Risk/Reward in Silver Favors Buying Now, Not Waiting for Big Moves - 23rd Mar 19
Similarities Between Stock Market Today and Previous Bull Market Tops - 23rd Mar 19
Stock Market DOW Seasonal Trend Analysis - 23rd Mar 19
US Dollar Breakdown on Fed Was Much Worse Than It Looks - 23rd Mar 19
Gold Mid-Tier GDXJ Stocks Fundamentals - 23rd Mar 19
Which Currency Pairs Stand to Benefit from Prevailing Risk Aversion? - 23rd Mar 19
If You Get These 3 Things Right, You’ll Never Have to Worry About Money - 22nd Mar 19
March 2019 Cryptocurrency Technical Analysis - 22nd Mar 19
Turkey Tourist Fakes Market Bargains Haggling Top Tips - 22nd Mar 19
Next Recession: Finding A 48% Yield Amid The Ruins - 22nd Mar 19
Your Future Stock Returns Might Unpleasantly Surprise You - 22nd Mar 19
Fed Acknowledges “Recession Risks”. Run for the Hills! - 22nd Mar 19
Will Bridging Loans Grow in Demand and Usage in 2019? - 22nd Mar 19
Does Fed Know Something Gold Investors Do Not Know? - 21st Mar 19
Gold …Some Confirmations to Watch For - 21st Mar 19
UKIP No Longer About BrExit, Becomes BNP 2.0, Muslim Hate Party - 21st Mar 19
A Message to the Gold Bulls: Relying on the CoT Gives You A False Sense of Security - 20th Mar 19
The Secret to Funding a Green New Deal - 20th Mar 19
Vietnam, Part I: Colonialism and National Liberation - 20th Mar 19
Will the Fed Cut its Interest Rate Forecast, Pushing Gold Higher? - 20th Mar 19
Dow Jones Stock Market Topping Pattern - 20th Mar 19
Gold Stocks Outperform Gold but Not Stocks - 20th Mar 19
Here’s What You’re Not Hearing About the US - China Trade War - 20th Mar 19
US Overdosing on Debt - 19th Mar 19
Looking at the Economic Winter Season Ahead - 19th Mar 19
Will the Stock Market Crash Like 1937? - 19th Mar 19
Stock Market VIX Volaility Analysis - 19th Mar 19
FREE Access to Stock and Finanacial Markets Trading Analysis Worth $1229! - 19th Mar 19
US Stock Markets Price Anomaly Setup Continues - 19th Mar 19
Gold Price Confirmation of the Warning - 18th Mar 19
Split Stock Market Warning - 18th Mar 19
Stock Market Trend Analysis 2019 - Video - 18th Mar 19
Best Precious Metals Investment and Trades for 2019 - 18th Mar 19
Hurdles for Gold Stocks - 18th Mar 19
Pento: Coming QE & Low Rates Will Be ‘Rocket Fuel for Gold’ - 18th Mar 19
"This is for Tommy Robinson" Shouts Knife Wielding White Supremacist Terrorist in London - 18th Mar 19
This Is How You Create the Biggest Credit Bubble in History - 17th Mar 19
Crude Oil Bulls - For Whom the Bell Tolls - 17th Mar 19
Gold Mining Stocks Fundamentals - 17th Mar 19
Why Buy a Land Rover - Range Rover vs Huge Tree Branch Falling on its Roof - 17th Mar 19
UKIP Urged to Change Name to BNP 2.0 So BrExit Party Can Fight a 2nd EU Referendum - 17th Mar 19
Tommy Robinson Looks Set to Become New UKIP Leader - 16th Mar 19
Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - 16th Mar 19
Towards the End of a Stocks Bull Market, Short term Timing Becomes Difficult - 16th Mar 19
UKIP Brexit Facebook Groups Reveling in the New Zealand Terror Attacks Blaming Muslim Victims - 16th Mar 19
Gold – US Dollar vs US Dollar Index - 16th Mar 19
Islamophobic Hate Preachers Tommy Robinson and Katie Hopkins have Killed UKIP and Brexit - 16th Mar 19
Countdown to The Precious Metals Gold and Silver Breakout Rally - 15th Mar 19
Shale Oil Splutters: Brent on Track for $70 Target $100 in 2020 - 15th Mar 19
Setting up a Business Just Got Easier - 15th Mar 19
Stock Market Elliott Wave Analysis Trend Forercast - Video - 15th Mar 19
Gold Warning - Here Are the Stunning Implications of Plunging Gold Price - Part 1 - 15th Mar 19
UK Weather SHOCK - Trees Dropping Branches onto Cars in Stormy Winds - Sheffield - 15th Mar 19
Best Time to Trade Forex - 15th Mar 19
Why the Green New Deal Will Send Uranium Price Through the Roof - 14th Mar 19
S&P 500's New Medium-Term High, but Will Stock Market Uptrend Continue? - 14th Mar 19
US Conservatism - 14th Mar 19
Gold in the Age of High-speed Electronic Trading - 14th Mar 19
Britain's Demographic Time Bomb Has Gone Off! - 14th Mar 19
Why Walmart Will Crush Amazon - 14th Mar 19
2019 Economic Predictions - 14th Mar 19
Tax Avoidance Bills Sent to Thousands of Workers - 14th Mar 19

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Be Thankful If You Were Not Born in the United States

Politics / US Politics Nov 24, 2011 - 03:00 AM GMT

By: Jeff_Berwick


Best Financial Markets Analysis ArticleBeing born in America at anytime between 1623 and 1970 would have been quite a stroke of luck. You would have lived in one of the freest, most productive, and because of that, most prosperous regions on Earth. Luckily, America got its heavy socialism out of the way right from the get-go.

In 1621, the pilgrims who landed at Plymouth Rock, had initially imposed a form of managerial socialism. The concept, like it is today, was for no one to have private property rights and to donate the fruits of your labors into a pool with everyone else and to then distribute those labors by need. The experiment, like every other experiment in socialism, ended in nearly everyone starving to death.

Faced with starvation or changing, they saw the error of their ways and let everyone take possession of their own plots of land and enjoy the proceeds for themselves. According to Jeffrey Tucker, of Whiskey & Gunpowder, "This led to trade, honesty, hard work, and eventually bounty. This is why the crop yields of 1621 were catastrophic and the yields of 1623 were bountiful. The celebration of Thanksgiving really dates from a market produced bounty. (The entire story is related by Bradford himself.)"

What followed was truly something spectacular. This region, who had as its most cherished philosophy, freedom and liberty, went on to be the most amazing area on Earth. It attracted all the best from most other countries - mostly because those countries did not have the freedom, liberty and the subsequent prosperity of the US.


Unfortunately, by 1913, America had fallen into a trap that has occurred so often throughout history. First, it forgot what made it so prosperous in the first place and, secondly, it forgot the warnings of its early founders about, "Peace, commerce, and honest friendship with all nations-entangling alliances with none."

And so, in 1913, with the advent of the Federal Reserve bank, the future for the US was set. It only took twenty years for this new system to bankrupt the US Government in 1933, resulting in the US Government confiscating gold from US citizens. Then, less than forty years later, the US Government was bankrupted again, this time resulting in any link to gold being removed from the US dollar in 1971.

The years of 1970 and 1971 should especially be remembered as terrible years... interestingly, all under the Nixon years, although not all of it was completely his fault. On April 22, 1970, the first Earth Day was founded... a despicable, anti-human idea that still haunts us to this day with the "global warming" scam. To see literally hundreds of shocking, genocidal quotes emanating from the environmental moment, check out this website: Here is just one, "Isn't the only hope for the planet that the industrialized civilizations collapse? Isn't it our responsiblity to bring that about?" - Maurice Strong, founder of the UN Environment Programme.

Then, on June 17, 1971, Richard Nixon launched the heinous "war on drugs" which, to date, has killed and incarcerated millions and spent over a trillion dollars in the process while making the world a much less free place. The triumvirate was fulfilled with gold backing being completely removed from the US dollar on August 15, 1971. Since then, the fate of the US has been written in stone. After 1970, we never refer to the US as "America" anymore... because it isn't.

It took nearly another forty years for the effects of all these events to destroy the viability of the US. And now, Americans, in many ways, are more indebted and enslaved than any other people in the history of the world.


The US Government, which under Generally Accepted Accounting Principles (GAAP), has $75 trillion in debts and liabilities, meaning that for each American, there is over $245,000 in federal government debt and liabilities. Or, nearly $1 million per family of four. And this does not take into account state, municipal and personal debt. By this measure, no other people in history has ever been more indebted.

And, with the Patriot Act and literally thousands of other acts, rules, regulations and laws, Americans also can make a case for being the most enslaved in human history. You could say North Koreans are more enslaved in that they are not allowed to leave their own country. But, at least once they escape their own country they will have the option and ability to open a financial account anywhere else in the world... unlike Americans, whose IRS and Government have made it so onerous for international brokerages and financial institutions to open an account for an American that most US citizens are persona-non-grata outside of their own borders.

Inside their borders, as Americans get tazed, pepper sprayed, beaten and caged on a regular basis, they are beginning to realize that the land of the free and home of the brave was a catchy jingle from centuries ago. It is now the land of the fee, home of the slave.


Today, as the American government works to erect a wall and conducts unmanned drone flights on the border with Canada, many in the US are awakening to the fact that they are becoming trapped.

The US Government has even made it so all student debt is now completely inextinguishable in bankruptcy... meaning that for students who wasted 4-8 years of their life getting what is often a worthless piece of paper and six figures of debt, they will be enslaved for life and, as we are predicting at TDV, will be forced into the military to pay off their obligations.


In an erstwhile change of fortune, what was once the best place to be born, between 1623-1970 has now become one of the worst. Only those born in North Korea and Cuba, and a handful of other despotic regimes, can be said to be much worse off.

Take this Thanksgiving holiday to re-assess how and where you want to live. The US still allows international travel and does not have complete capital controls in place - although the ever-present "customs officials" hiding down every walkway to most international flights and cash sniffing dogs in many US airports now hints to the fact that the infrastructure is now in place to restrict capital.

Give thanks, this year, to free-market technologies such as the internet which allow many of us to live wherever we are best treated and to establish our finances and affairs in such a way so as to not be under direct assault by government at every twist and turn.

Take this opportunity to internationalize your IRA, move your financial assets into hard assets like gold and silver, and get a foreign passport. And, if possible, investigate expatriating to almost any other country in the world. Almost any other country, with a few exceptions, is sure to be freer and less indebted than the US at this point.

By looking to leave the US at this point you will be following in the footsteps of America's founders who fled countries in which they were heavily oppressed or enslaved or where there were no opportunities of creating a successful life. Take time this year to remember this spirit and remember what John Milton stated in 1666, "Our country is wherever we are well off".

Subscribe to TDV today (90 day moneyback guarantee) to access our Special Report on How to Own Gold as well as get complete access to our newsletter and portfolio selections.

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. The Dollar Vigilante offers a free newsletter at

© 2011 Copyright Jeff Berwick - All Rights Reserved
Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


24 Nov 11, 05:54

The idea of socialism in the Pilgrims case can easily be attributed to their Christian heritage and bible teachings . Read ACTS 51. The story of Annanias is a classic tale of socialism.

At present the "sosialism" in Europe and to a lesser extent in the US is a modified one and the one in Europe has been shown to benefit the common man on the street far more than in the US with higher wages , benefits and a major needs assured. Your simplistic view of everyone on his own doesn't hold in reality. Take a football team and imagine what would happen if everyone did what he wanted. The same is true of the military which is one grand socialism example. Print my response and say you think the US military doesn't work.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules