This page has been archived and commenting is disabled.
How to Vote Bernanke Out
As noted in
yesterday’s essay, Bernanke and pals’ claims that the US is in a recovery due
to the fact the stock market has rallied are totally bogus. Bernanke is
measuring his success in US Dollars, which incidentally happens to be a ruler
that he can continually shrink with his policies
Much as
someone might claim they’ve grown in height
because they use a shorter ruler to measure themselves every day, Bernanke
claims that the stock market is up because it’s priced in the US Dollar (which
is losing value almost every day).
It’s
completely absurd, and yet it’s the basis for each and every one of Bernanke’s
claims that the US is in a recovery. Nevermind, that employment is falling like
a brick or that food stamp usage is at an all time high, the S&P 500 is up
since March 2009, so things must be improving right?
Many
supposed gurus claim that investing in stocks is a great way to hedge against
inflation. The data doesn’t support this claim… at all. During the ‘70s stocks
traded in a large range for 10 years. Unless you timed the bottoms and peaks
perfectly, most “buy and hold” folks didn’t make anything in these years.
And once
again, this is priced in nominal terms. When you price stocks’ performance in
Gold for the 70s it’s positively abysmal.
Just like
today.
So instead
of bemoaning Bernanke and his policies, why don’t we all do something about it?
I didn’t vote for this guy. None of us did. And yet we’re all paying the price
(literally) for his policies.
How do we
vote against him? Simple. Buy Gold and DON’T buy stocks. Don’t fall for the “stock
wealth effect” BS and instead invest in something the Fed CAN’T devalue.
Because in
the end, doing this means buying an asset that is INCREASING your purchasing
power (Gold) and avoiding one that is DECREASING in purchasing power (stocks).
And of
course, it has the side benefit of not providing Bernanke and his policies with
ANY vote of confidence… or support.
On that
note, if you’re getting worried about the future of the stock market and have
yet to take steps to prepare for the Second Round of the Financial Crisis… I
highly suggest you download my FREE Special Report specifying exactly how to
prepare for what’s to come.
I call it The Financial Crisis “Round Two” Survival
Kit. And its 17 pages contain a wealth of information about portfolio
protection, which investments to own and how to take out Catastrophe Insurance
on the stock market (this “insurance” paid out triple digit gains in the Autumn
of 2008).
Again, this
is all 100% FREE. To pick up your copy today, go to http://www.gainspainscapital.com
and click on FREE REPORTS.
Best
Regards,
Graham
Summers
PS. We ALSO
publish a FREE Special Report on Inflation detailing three investments that
have all already SOARED as a result of the Fed’s monetary policy.
You can
access this Report at the link above.
- advertisements -
Even if you could vote him out, they would just replace him with another Jew for the Jews only Club. Same old, Same old. The other Odd thing, depending which news you follow, the Crisis is over and is still revovering or coming out of recovery or still in recovery to the Markets have Recovered to Crisis what Crisis. If people can't even agree what state it's in, then it is truely screwed.
Obama's Foot in Mouth Disease. Common Side Effect of a Debt Addict
http://apeakunderthehood.blogspot.com/2011/04/obamas-foot-in-mouth-disease-common.html
I don't think it's such a good idea to use an investment portfolio as a political tool (unless you've got control of billions). Just buy gold and other hard assets to protect yourself or speculate on certain likely outcomes. End of story.
Revolutions don't come from elections despite what Obama had promised.
Look at the middle east. Do they just vote out the dictators? Even violent mass protesting is met with military shooting their own productive citizens.
Americans have had a justice system that is apart from the courts. In case the courts themselves are corrupt, constitution has provided the 2nd amendment to get rid of tyrants.
What a bunch of total utter bullshit. Benny is only the talking head puppet.
What? YOu want the little shriveled up raisin of greedsuck back?
The institution is corrupt, not just the messenger.
Pe hoe nicks capital, you are fucking shilling morons.
It would be helpful if a 1800 number was provided so that I can personally take action. From my Sofa. Like I do for Idol.
federal reserve independance just means it doesnt care if it caters to political jaw bohners or the banks that own it
.
eveyone gets what they want power... the federal reserve is just the secret sauce that legitimizes moral failure
It's already been happening with no result. And if Bernanke goes another liar will just take his place. Change you can deceive in.
This generation of Americans is marked by the sign of irrational exuberance that generated collective sloth; nothing will happen until the US economy goes down the shoot. Its the hard fact, result of past folly. I would wait until a new generation rises from the ashes, to cry "brave new world, we need a new horizon". So Prost! to the people who are condemned to become toast by the cynical, selfish will of their plutocratic masters! Buy PMs to self-protect and wait for the Oligarchy to try and corral those assets in the FED harem pen. Go, go the rat pack of the elitist claptrap. Go, go, the people's reaction to this arrogant assertion of global elitist generated mayhem.
Any idea when it is that "the economy goes down the shoot"?
I graduate college in 1.5 years and I have been pretty much putting my life on hold. I do not want to make any larger decisions until I see the other end of the APOCALYPSE
Throw away your television set and learn how to speak English; "the economy goes down the chute"; not the shoot.
Find and master a useful, low-tech trade.
++++
good advice thanks
The butcher, the baker, the candlestick maker.... always in demand!
go into farming.
Impeachment is an Awfully nice word.
Impeachment is too good for him
He's nothing but a low-down, double-dealing, backstabbing, larcenous perverted worm! Hanging's too good for him. Burning's too good for him! He should be torn into little bitsy pieces and buried alive!
http://www.youtube.com/watch?v=_e1Z9wb5d24&feature=related
Time to give Benny a Golden Shower....
Piss on Bernanke,better yet,in his mouth.
This is dumb. Buying something the author has a vested interest in isn't a "vote", even by Monty Python "She's a witch" pretzel logic. > We < can't vote Bernanke out, but we CAN vote out the people who foolishly (re)appointed him: The President & the Senators who voted to confirm the appointment.
Wasn't Bernanke appointed the first time by Bush and the second time by Obama?? That is both major parties. Who else is there to vote for??
Tinkerbelle? "Parsley for president---"; (Ogen Nash). I dunno. I think vote for silver; but what do I know.
This thread is rife with domestic terrorism.
Well if they look so strong, it's not because they own the three fourth of the planet, it's because everyone in kneeling down ! so let's stand up, stop bying stock, buy AU and AG and we'll see if the Joe Dalton gang can keep on making us lean.
yeah well the Fed may not be able to devalue Au, but the Treasury can call in all Au (can we say FDR ?)or tax the profit when sold....
stay with Whiskey and lead futures........
If Obama called all the gold in the US or taxed the profit he would be artificially dropping the price significantly the world over. If he was forced into a similar executive order then he could explain it by saying that the Gold bugs were attempting to topple the US dollar, whereby the sheeple would cheer.
Nixon made a public anouncement that he was going to punish the anti-dollar speculators, (code for gold buyers); but it blew up in his face and we never heard anymore about it. This is a very likely outcome; they're gonna need scapegoats, and "George did it" isn't going to get it.
Is the government going to start kicking in 100 million doors to search for gold? Only the sheeple will turn in their gold. The USD will collapse. It is just a matter of time.
The FRB has a charter that doesn't expire, but they can be bought out for $450,000,000 dollars that would go into an escrow as potential damages for their breach of contract stemming from their performance as regulator of the dollar.
You say you want to get rid of Baranke? Can you say 'Impeachment', brother? Come'on, you can do it. Say it with me now,.... 'Impeachment'. There, that wasn't so hard, was it?
Now, can you say RICO? Let me say that again, RICO. You can say that, can't you? Come'on brother, say it with me now,.... RICO! There, that wasn't so hard, was it?
First you impeach the cocksucker and then bring him in for questioning for his long list of RICO violations as the head of an on going criminal organization and operation starting back no later than the March 11, 2008 luncheon at the NYC Federal Reserve. He'll sing like a canary and you can bring in Timmy (Dr. Strangelove) Geithner and you can hear them sing in 2 part harmony puke all over the 2B2Fail, 2B2Bail, & 2B2Jail Banksters in order to get a 'deal'.
We're takin' them all down. Welcome to the New American Revolution.
The government could print its own gold-based money and let the Fed be the Monopoly banker for as long as they want.
Hmm, it's been tried by a couple of presidents who were assassinated. Not a wise career move.
This is only if you have a totally changed government. As long as the government and the fed work together like one entity, you are not going to see this.
The easiest way is to wait until FED charter expiry.
It's just funny to observe how the establishment just ignore that fact. Are they so ignorant or 100% confident it will be extended ?
But in general, this legal matter should be noticed by the public. For example all $USD bank accounts should have some disclaimer, that they will be reevaluated from $USD to FRN on expiration day.
I'm just curious, what has any bank to say if someone ask about it.
I admit I was wrong.
This 100 years expiration period is a net-myth.
It is a global market. You tax you don't have transactions.
The transactions will go in other places. Banning or taxing something do not solve the problem.
"The transactions will go on in 'other places' "; I'll say they will. Various and sundry other places which are already pretty foreseeable.
It's okay. So is the belief that the Fed can't devalue gold.
There are many, many ways that governments have devalued precious metals historically. But by far the easiest is to tax metals transactions.
Also notice during the French revolution; the revolters, or revolting masses, or whatever, passed a law that you couldn't satisfy or undertake any contract in gold coin; because their precious paper fantasy money was somewhat "embarrassed"; this quickly became a Guillotine offense; and yes, they did take people to the Guillotine and cut their head off for attempting to use real money; I imagine this had a somewhat sobering effect on the "real money savers"; but the whole fantasy only lasted a couple of more years; then it was time for usual "death of the currency" and back to metals again. What an adventure that must have been.
There's a backdoor which they can't close.
For silver for example they can't taks trade on circulated currency silver coins, only bullions.
But now it's clear they need to get 14% of the above grounds supply by scrapping it to meet global demand they are in a shitstorm when scrapping ends. And that's in 2 to 3 years when above ground stocks aren't large enough to supply the market. And only a 1% shortage can propel it to 600$.
So silver is in a bull run for at least 2 years.
Also a second problem is that they can't tax silver more then what they tax electronics, which in Europe is 20% and what's also the taxation level for silver. And strangely, the taxation isn't a problem and doesn't cause a slowdown in the market.
Second also is that I personnaly cleaned out 3 coin stores from their cheap silver coins. Not that it was so massive but they just didn't have that much to supply like say 100 people in a little stash.
Once the herd goes out to look for silver, they'll have a hard time finding it and will need to buy the bullions and industrial silver. The tax will just be added to their sell price, just like the pricing on ebay is here in Europe.
The problem for the gov. is that silver is now a consumer AND a investment product which is in very high demand from both sides.
A jeweler once said it best to me: Silver is just to cheap to invest in yet. It would need to be over 250$ before we'd step in and buy enough to use them as a investment product. Silver now is still dirt cheap.
Just ask yourself this: 1 ounce costs 44$, what can you do with 44$ and what kind of work does it take before miners can deliver you a 1 ounce bullion? Profits are way to low right now for the miners. They will also cause the price to rise because they realise they can easely make tripple the amount on sales by keeping supply short. Which is the case right now. Supply keeps going down.