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Ron Paul & Jim Rogers: "There's More Chaos To Come"
These are clear warnings signs that a rational person simply cannot ignore.
Bottom line, Nations are going bust. And the worse things get, the more desperate their tactics become. This isn't the first time that the world has been in this position. This time is not different. History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly.
What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom. I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed).
Many people will resist the change and instead cling desperately to the old system - the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever. And in case it still weren't obvious, here is three minutes of clarity from Ron Paul and Jim Rogers..."I would expect that there is going to be a lot more chaos still to come." - Ron Paul; “They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers
Via Simon Black of Sovereign Man blog,
The world is truly an enormous place... and, despite the dearth of good news and positive trends out there, I still see a lot of amazing opportunities in my travels.
But it's really important to remain grounded about the challenges that face us. As I pen this letter to you, in fact,
- The NSA's Utah data center, which will intercept every phone call, email, and tweet sent across the Internet, is nearing completion.
- The Marketplace Fairness Act, which will create additional sales taxes on US-based Internet transactions, is set to pass the Senate next week.
- The government of Cyprus just passed the final bail-in measures, officially authorizing the direct confiscation of people's savings in that country's banking system.
- The Bank of Japan recently announced its intentions to double down on their already unprecedented money printing operations.
- Not to be outdone, the US Federal Reserve just announced that they will maintain their Quantitative Easing program, which dilutes the existing money supply by more than $1 trillion annually.
- At $16.83 trillion, the US federal debt is at a record high and set to breach $17 trillion early this summer.
- President Obama recently proposed to cap the tax deferral benefit on Individual Retirement Accounts in the Land of the Free
These are clear warnings signs that a rational person simply cannot ignore.
Bottom line, nations are going bust. And the worse things get, the more desperate their tactics become.
This isn't the first time that the world has been in this position. This time is not different.
History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people's wealth, savings, livelihoods and liberties... either directly or indirectly.
What's happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom.
I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed).
Many people will resist the change and instead cling desperately to the old system– the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever.
And in case it still weren't obvious, I'd like to present Ron Paul and Jim Rogers, speaking together at our event in Chile a few weeks ago, with their own views on the situation.
“They won’t take our bank accounts…they will take our retirement accounts.” - Jim Rogers
"We are going to have a calamity in economics and political crises as economies worldwide are a lot weaker than they tell us." - Ron Paul
"I would expect that there is going to be a lot more chaos still to come." - Ron Paul
"There are so many distortions because we disobeyed economic law - no matter what Bernanke tell's you." - Ron Paul
"Bernanke's whole intellectual career has been dedicated to the study of printing money." - Jim Rogers
"I don't doubt [the confiscation] at all; and they will use force and they'll use intimidation." - Ron Paul
Three minutes of clarity...
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Who is "they?"
You are so engaged, so passionate... but you cannot define the "they?"
the haves.
they were the have nots
and we were the haves
but now we are the have nots
and they are the haves.
they have representation
we have none.
Taxation without representation more specifically.
http://thegoldstandardblog.wordpress.com/tag/taxation-without-representation-is-tyranny/
This is good.
Ordo Ab Chao
Wow. Rogers, Paul, Farage all in the same place what a great talk.
The Bloomberg Consumer Comfort Index improved to minus 28.9 in the week ended April 28 from minus 29.9, a report showed today. The number of applications for unemployment insurance payments fell by 18,000 to 324,000 in the week ended April 27, according to Labor Department figures in Washington. The confidence reading was the highest and claims were the lowest since January 2008, a month after the last recession began.
So...things were smooth sailing feb 08 on, I trust?
One noticeable difference is the market decline back then, had begun in oct 07, whereas now....there isn't a calamity, data point, or mathematical calculation that even suggest that the greatest market in world history will ever stop, from here on out, from reaching new all-time highs, each subsequant day into infinity. so there's that...
I would put these guys (Jim Rogers, Ron Paul, Peter Schiff, Nigel Farage) up against Barack, Buffett, Bennie B and the David Rockerfeller one-worlders any day. Truth vs. BS! Live Free or Die! as they say in New Hampshire...
I would put these guys (Jim Rogers, Ron Paul, Peter Schiff, Nigel Farage) up against Barack, Buffett, Bennie B and the David Rockerfeller one-worlders any day. Truth vs. BS! Live Free or Die! as they say in New Hampshire...
Something bad better happen soon or nobody is going to listen to these guys.
I can't anyways. Boy who cried wolf, much.
The wolf eventually showed up.
You people need to stay focused. You're like fucking dinosaurs. Keep your eyes on the ball or you're going to get screwed. Everything doesn't happen all at once. The fascist pricks are using the "boiling a frog" technique, a slow motion train wreck, otherwise there would be mayhem and the elitists would be hanging from lamp posts, which they deserve. There are millions of armed people n the USA. You can't just rush into kind of tyranny. They are seeing what they can get away with before upping the ante, like your kids doing bad shit. They need a big whacking in several senses of he word.
On a long enough timeline...
I totally agree that things are going to get much worse for a majority of the population because there has been no economic recovery after the 2008 crises. Central Bankers and the Governments around the world just threw good money after bad without doing anything to solve the real reasons of the crises (excessive debt, speculation and out of control derivatives). Their only goal was to push the can down the road which would be dealt by their successive leaders even though the problems in the future would be multifold.
http://www.marketoracle.co.uk/Article40231.html
See that picture? Jim Rogers is a tiny man.
Small man, but big brain. Maybe even big dick, since God seems to have a sense of irony... the world is full of it.
There seems to be an assumption that things will go to a new much lower level and find equilibrium at that point. I see no reason to believe that there will be any stability at that point. Why not increasing chaos? Is this a faith based system? I do not mean faith in God, just faith in the idea that things will all work out in the end as a logical operation.
I believe you're refering to the "full faith and credit of the US of A." What a fraud! They have betrayed any faith there was and the credit binge will destroy the economy.
Spam musUbi. Sorry to be a spelling nazi on this one, but m guess is that spam is going to become an important delicacy in the medium-term, so your backyard shack trading post/restaurant should at least have spride of correct spelling.