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
UK Population Growth - Latest ONS Immigration Statistics and Consequences - 24th Mar 19
The Fed Follows Trump's Tweets, And Does The Right Thing - 24th Mar 19
Yield Curves, 2yr Yield, SPX Stocks and a Crack Up Boom? - 24th Mar 19
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

Market Oracle FREE Newsletter

Stock Market Trend Forecast March to September 2019

Obama's Third Term?

Politics / US Politics Jan 11, 2013 - 05:45 AM GMT

By: Jeff_Berwick

Politics

Jim Karger writes: This piece started with a note:

"Karger, they want to make Obama the King (officially) by rescinding the 22nd Amendment. Sounds like a legal issue to me. You want to take it on? — Berwick"

Not really, I thought.


The fact that some dim-wit Congressman from New York wants to enshrine Obama by making him eligible for a third, fourth, fifth or tenth term, would require support of both Houses of Congress and three-quarters of the States.

Odds of success: 0.0

America is certifiably insane, but that doesn't make "we the people" agree on much, and at least 48% of voters, based on the results of the last election, didn't want Obama for a second term, much less for a lifetime.

That said, whether or not the Constitution is amended to provide for a King, that once seminal document has become irrelevant, having been folded five ways and shoved up the bung-hole of America mostly by an out-of-control Executive branch with full support of a weak-kneed legislature. And that fact has not been lost on the general public who rate Congress less popular than lice, Brussels sprouts, colonoscopies, and root canals. Really.

What is surprising, or at least profoundly disappointing, is that the same general public who would apparently like to stomp Congress like a bunch of narcs at a biker rally, continues to elect the same low-rent ho-ho's every two years which is another story for another time. However we got here, we are here, and where we are is inside a full-bore totalitarian State.

The examples are myriad, but here are a few:

If you milk your cow and sell some of the milk to your neighbor, you could end up having your home raided by federal agents. I know. We had a TDV couple visit us in San Miguel de Allende a few months ago who were selling award-winning cheese in the State of Washington until the Feds came in with a SWAT team sporting automatic weapons like the kind you already can't buy and scared their children into the woods. The armed thugs then announced to them that it wasn't a good idea to sell their cheese across State lines, and proceeded to destroy more than $100,000 of their product and shut down their business. They came to Mexico looking for a new beginning since the federal government had already provided an old ending. 

All over America today if you don't recycle, you face draconian fines. If your kid sets up a lemonade stand, one or both of you may be going to jail if it wasn't properly permitted, and, as one kid found out the hard way, don't burp in class because your next burp may be in jail.  

Don't even think about organic gardening, at least not if your neighbor can see it, and no good deed will go unpunished if that deed is feeding the homeless in many cities.  

In Seattle, where the sun never shines, it may soon be illegal for employers to do a criminal background check on a potential employee. After all, we wouldn't want to discriminate against dangerous felons, now would we?  

ObamaCare is about to heel-crush small business nationwide. And those who think they are going to escape the largest government wealth transfer in history by turning their full-time employees into part-time employees to avoid being covered by the new legislation are going to get a rude awakening, with a shovel, by the IRS, who have no compunction changing the rules mid-stream so that virtually no business of any size will escape except by shutting down, which many will.

So detached from reality has government become that more than one official has suggested that the US take care of its debt problem by minting a trillion-dollar coin. Yeah, that should do the trick. "Here, take this coin. It is worth, uh, a trillion dollars." Ignored is the fact when a government tries to create demand by disseminating money, all you get is a failed currency, falling GDP, soaring debt levels, and inflation. Remember Japan? Apparently, most don't.

And, in a final in-your-face rejection of the most fundamental right of a citizen, which is the right to no longer be a citizen, government has announced ceremoniously that no one can leave the US (permanently) until they pay the piper what is called an "exit tax", calculated using the fiction that one sold all one's property on the day one turned in one's passport and dutifully pays the tax on the phantom gain. Oh, and there will be a $495 charge to cover the cost of the administrative handling of your former passport.

Perhaps we shouldn't expect more. Public servants, to use an wholly inappropriate term, are mostly felons now. Think Eric Holder and “Fast and Furious”. He is hardly alone. A recent lawsuit filed in a federal court in California alleges that National Labor Relations Board member Richard Griffin was complicit in a scheme to cover up embezzlement at his union by terminating employees who attempted to expose the effort. Just the kind of guy we need deciding national labor policy, hey?

The Federal Reserve can't go unmentioned, what with their printing and lending and holding interest rates at zero. I got an email from American Express today asking me to open a "High-Yield Savings Account" which pays, get this, 0.90% annually. I am sure this works just swell for a retiree who has saved all his life and has a couple of million dollars, knowing he can earn a whole $18,000 a year in interest, live in a slum, eat cat food, and wait for a Medicare appointment while having his nose rubbed in it by government for committing the sin of being "rich."

We have a President who weeps over twenty kids who get wasted by a freak show in Connecticut while he himself kills that many in a good week with his own drone attacks over a half a dozen countries, yet he misses the irony completely. He has doubled down on the lunatic fringe that was George Bush, upping the ante on warrantless wire-tapping, proxy detentions, Guantanamo, indefinite detentions and drone warfare. Unlike George W. who was a pathetic fool and a malaprop, Obama is a pathological, unapologetic narcissist. He is not stupid. He is evil. Which might explain he may go down in history as our least merciful president. During his first term, this self-promoting hypocrite has granted fewer commutations (shortening prisoners' sentences) and fewer pardons than any President in recent history.

Which leads here: I have not run out of vitriol, but I have run out of room. Obama won't be King because of the rescission of the 22nd Amendment. He will be King because he is already King, just like George W. was King, all because most people really want a King, want to be ruled, if only because they are too lazy and too disinterested to rule themselves.

Jim Karger is TDV's legal correspondent and the TDV Concierge and moderator for the San Miguel de Allende, Mexico Group. Jim and his wife, Kelly, have lived in Mexico for 11 years. If you are interested in knowing more or visiting San Miguel de Allende, recently rated as the #1 City in Mexico and the 8th Best City in the World by Conde Naste, contact Jim at jimkarger@tdvmedia.com and join the San Miguel de Allende group available to TDV premium subscribers.

For more on Mexico and San Miguel de Allende, read this from The Economist. 

Anarcho-Capitalist.  Libertarian.  Freedom fighter against mankind’s two biggest enemies, the State and the Central Banks.  Jeff Berwick is the founder of The Dollar Vigilante, CEO of TDV Media & Services and host of the popular video podcast, Anarchast.  Jeff is a prominent speaker at many of the world’s freedom, investment and gold conferences as well as regularly in the media.

© 2012 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.

Jeff Berwick Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

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

6 Critical Money Making Rules