Loading ...WHO WILL PRESIDE OVER THE GREATEST ECONOMIC DEPRESSION ?
Received this in an email from Miles Franklin Gold Dealers…i have no link ..bulk of the post is in the comment section…click on the title of this post to see it
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“I rarely discuss politics. For the most part, I feel as though both parties have led us down the road to fiscal ruin. All you need to do is glance at the rapidly expanding Federal Deficit. Both parties got us to where we are – $27 trillion with no end in sight. Fiscally speaking, it made little difference who won the election. Both parties are all in on spending trillions as if debt makes no difference. It may not to US, but it will to our children and grandchildren.
Thank God the Senate remained under Republican control. Even if Biden ends up as our president, which is not yet a certainty, the worst outcome is that we will have gridlock. That is as much as we can hope for and it could have been worse.
Had the Democrats taken the White House and the Senate they would have forever changed America as we know it. They would have ended the filibuster and packed the Supreme Court for political reasons, and they would have added two new states (DC and Puerto Rico) to take permanent control of the Senate and they would have immediately allowed 20 million immigrants to enter the country (who would vote Democrat) to create a one-party system, controlled by the Silicone Valley techno billionaires. We came very close to this outcome. Good bye Constitution and Bill of Rights. But we dodged the bullet.
I abhor the socialist leanings of the Democratic Party. But maybe there is light at the end of the tunnel. As you know, I have stated that we are in the early stages of the Greatest Depression, and that is a mathematical fact. Whomever sits in the Oval Office for the next four years will preside over a fluster cluck. The Party in charge will be blamed for the worst financial calamity in the last 100 years.
Got this in an email ( no link )…see it in the first comment below ( click on the title of this post to see comments)
He makes a Great Point….Maybe it’s best for Trump to lose and come back to save the day in 2024 ?
I rarely discuss politics. For the most part, I feel as though both parties have led us down the road to fiscal ruin. All you need to do is glance at the rapidly expanding Federal Deficit. Both parties got us to where we are – $27 trillion with no end in sight. Fiscally speaking, it made little difference who won the election. Both parties are all in on spending trillions as if debt makes no difference. It may not to US, but it will to our children and grandchildren.
Thank God the Senate remained under Republican control. Even if Biden ends up as our president, which is not yet a certainty, the worst outcome is that we will have gridlock. That is as much as we can hope for and it could have been worse.
Had the Democrats taken the White House and the Senate they would have forever changed America as we know it. They would have ended the filibuster and packed the Supreme Court for political reasons, and they would have added two new states (DC and Puerto Rico) to take permanent control of the Senate and they would have immediately allowed 20 million immigrants to enter the country (who would vote Democrat) to create a one-party system, controlled by the Silicone Valley techno billionaires. We came very close to this outcome. Good by Constitution and Bill of Rights. But we dodged the bullet.
I abhor the socialist leanings of the Democratic Party. But maybe there is light at the end of the tunnel. As you know, I have stated that we are in the early stages of the Greatest Depression, and that is a mathematical fact. Whomever sits in the Oval Office for the next four years will preside over a fluster cluck. The Party in charge will be blamed for the worst financial calamity in the last 100 years.”
At this time, (10:30 PM on Wednesday) it looks like Biden will be declared the winner. The total is Biden 264 votes and Trump 214 with 270 needed to win the Presidency. PA, NC, GA are still in play and from what I heard this evening the governor of Arizona said Trump has enough votes to win AZ. AZ is 11 votes, GA is 16 votes, NC is 15 votes and PA is 20 votes. That’s 62 votes still undecided. And there will be law suits to sort through the improprieties. This will end up in the Supreme Court.
I expect recounts and a Supreme Court decision to come into play. The Supreme Court will have to decide if the election results were fair or not. If they reverse the decision, the MSM and radical Left will have a shit-fit. Can you spell riots and looting? On steroids.
It’s not far-fetched to anticipate the final verdict riding on the Supreme Court.
Check the following out and ask yourself how can this be? I’ll make it easy for you – it isn’t possible. These kinds of shenanigans are taking place all over.
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In Wisconsin they dumped 138k votes at 4:00 AM and every single one of them was for Biden. This is statistically impossible. If this stands the country is lost because it’s in your face.
Biden Declared Winner In Michigan; GOP Monitors Expose Democratic Skulduggery In Georgia
“There is no way that we flipped from 62 percent Trump in 2016 to upside-down this time around,”
Michigan USPS Whistleblower Claims Late Ballots Received Backdated Postmarks by Tyler Durden
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A US Postal Service employee from Michigan has reportedly turned whistleblower, telling Project Veritas that his supervisor instructed mail carriers to collect and segregate new ballot envelopes received after the election cutoff so that they could be fraudulently back-dated with a Nov. 3 postmark.
Poll workers count absentee ballots for the city of Detroit
Whistleblower: “We were told to collect any ballots that we find in mailboxes, collection boxes, et cetera, for outgoing mail, at the end of the day, we are supposed to separate them from the standard letter mail, so they can hand-stamp them with yesterday’s date—and put them through the Express Mail system—to get wherever they need to go,” said the whistleblower, adding “For clarification, today is the fourth of November.”
James O’Keefe: “Hand-stamp them with Nov. 3’s date?”
USPS Ordered To Search Facilities For Any Remaining Mail-In Ballots
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Whistleblower: “Yes
James O’Keefe: “That seems wrong–”
Whistleblower: “Yeah, that’s why I am coming forward with this information. That is a very shady—in addition to, as far as I am aware, we’re not supposed to be counting ballots that are postmarked after the third of November here in the state of Michigan.”
The Insider said he was shocked when Barlow Branch morning supervisor Jonathan Clarke told a group of mail carriers how late ballots would be handled.
Trump Assembling ‘All-Star’ Legal Team To Challenge Elections In Close States: Report
“President Trump’s campaign has not been provided with meaningful access to numerous counting locations…”
“Trump Victory or Too Close To Call.”
According to Gerald Celente (Trends Journal) Trump will win. This is going to the Supreme Court. Trump will win. The Supreme Court is packed with Trump appointees. The system is corrupt. It’s rigged.
He says, Gold and silver are going to go up. No matter who gets elected they are going to keep pumping more and more money into the system. Meanwhile the stock market is up 367 points while restaurants are closing down, the economy is sinking and Europe is locking down.
There is another election in 2022 for Senate and Congress — Senate could flip and DNC would have two years to implement policy unchecked. NO – this is not a time to walk away and fight a future battle but rather it’s time to force the corruption out into the open — leave everything you have on the field!!!
The central banks are controlling the show, not the government. And the Fed has already told us that interest rates won’t rise until at least 2023. Trillions and trillions will be created out of thin air and dumped on the economy – well, some of it will make it to Main Street but I expect most of it will end up, again, on Wall Street. Until the Fed issues the much-discussed new digital Fed Coin and is able to deposit money directly into a digital wallet for everyone, our economy will teeter on the edge of the abyss.
I have already explained that the Fed can’t lend money. It can only issue credit – it buys bonds from the large banks and adds to their reserves. That’s right, all they can do is increase bank reserves and urge the banks to lend to Main Street. But the banks have dramatically tightened their lending standards and basically stopped lending. I mean, why would they lend? The risk out there is scarry. We are in a depression (in spite of what you hear from Trump and Wall Street. The so-called growth that the government and Wall Street tout is the result of a few trillion dollars of stimulus, not of a strong and growing economy. Without more stimulus, the economy will sink all over again. Stimulus is on the back burner for months. Mortgage forbearance is about over and people will be evicted from their homes without more stimulus. Millions of jobs are lost and will not come back. It is really bad out there unless you are fortunate enough to still be employed. Tens of millions of Americans are not so lucky.
Two thirds of our GDP is consumer driven and there are tens of millions of people out of work and industries are in shambles: travel, entertainment, retail shopping, restaurants, etc. are comatose. With Covid-19 entering phase 2 most people will not eat out or travel or shop or socialize. The virus is mutating and the chances of finding an effective vaccine is remote. Anyone who says the economy is recovering is delusional.
When the next stimulus check arrives, sometime in the next few months, it will be too little too late. Connect the dots. Millions of people have been out of work for many months and tenants are not paying their rent. The land lords can’t pay the banks. And this is true with commercial real estate – from office buildings to shopping malls as well as housing.
But the markets don’t care. Wall Street doesn’t care about the real economy. They don’t care that more businesses are shutting down, more restaurants are shutting down and more people are losing their jobs. Every month there are seven or eight hundred thousand new first time claims for unemployment and it has been going on since April.
I believe that 2021 will be much worse than 2020. When all of the forbearances, all of moratorium, all of the money printing, all of the unemployment comes home to roost, there will be some serious fall out coming. But Wall Street knows that massive amounts of stimulus are coming. They know the Fed will keep pumping QE their way. The bubble gets bigger and bigger. Look what the stock market did today when it appeared that Biden won. The Democrats are bigger spenders than the Republicans and Wall Street can hardly wait to get their hands on the upcoming stimulus.
I want to talk about the $2 trillion stimulus package that Congress can’t agree on. A bill will be passed – for more or less than $2 trillion, but let’s use that number for now.
The unemployed will get $1,200 but where will the rest of the money go?
$300 million goes to migrant refugee assistance.
$10,000 per person will go to student loan bailout.
$100 million to NASA.
$20 billion to the US Post Office.
$300 million to the Endowment of the Humanities.
$15 million for veteran’s employment training.
$435 million for mental health support.
$30 billion for the Department of Education Stabilization Fund.
$200 million to Safe Schools Emergence Response to Violence programs.
$300 million to Public Broadcasting NPR.
$500 million to museums and libraries.
$720 million to the Social Security Administration, but only $200 million goes to people, the rest is for administrative costs.
$25 million for cleaning supplies for the capital building.
$7.5 million for the Smithsonian for additional salaries.
$35 million for the JFK Center For Performing Arts.
$25 million for additional salaries for the House of Representatives.
$3 billion for upgrades to the IT department for the VA.
$315 million for State Department Diplomatic Programs.
$95 million for The Agency of International Development.
$300 million for the International Disaster Assistance.
$90 million for the Peace Corps.
$13 million to Howard University.
$9 million for misc. Senate expenses.
$100 million goes to essential air carriers.
$40 billion will go to direct payment to airline workers.
$1 billion to airlines recycle and save programs.
$25 million to the FFA for administrative costs.
$492 to National Railroad Passenger Corp which is Amtrac.
$25 billion to the Transit Infrastructure.
$3 million for Maritime Administration.
$5 million goes for salaries and expenses to the Office of the Inspector General.
$2.5 million to Public and Indian Housing. $5 million for Community Planning and Development.
$25 million of the Office of Housing.
And much more… The unemployed get $1,200 and the rest goes to fund all of these pork projects. The $2 trillion isn’t going to help you or I, it’s going into the pockets of many of the people who run these organizations. How is this helping America? How is this helping your business or mine? How is this helping the economy? The fat cats are getting fatter while the rest of the country is living paycheck to paycheck if you even have a paycheck.
There is mounting evidence that Covid-19 will be with us in 2021 too, and maybe forever. This is one area where a Biden presidency will make a difference. But not a good one. Another national shut-down, which is very likely under Biden, will be the final nail in the coffin of our economy.
And I wonder if Biden (I mean his handlers) will keep the pressure on Iran and China? Most likely not.
Regardless how all of this plays out, the factors that have been driving gold and silver remain and the Mother Of All Gold Bull Markets is here to stay, for years. As a reminder, gold bull markets last a long time. The last two lasted for nearly a decade. This one should as well.
Gold is very undervalued. Gold is only half of one percent of all financial assets. Gold has represented 2.5% of financial assets in the past. Everything always reverts to the mean. Gold has to rise by 500% to revert to the mean. And silver has to increase between two and three times as much as gold to revert to its historical mean relative to the price of gold. This is not wishful thinking. This is reality.
Unlimited money creation, negative real interest rates, the biggest stock and bond market bubbles of all time are still with us, no matter who ends up in the White House. I am not offering you financial advice, but I will tell you, I will be using all of my income to add to my holding of physical gold and silver. Those of you who wish to continue playing the game of stock market musical chairs have a MUCH higher tolerance to risk than I do.
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Do you ever wonder why Miles Franklin decided NOT to be an Internet dealer? The largest firms in the industry are Internet dealers. We were willing to forgo extra sales volume to ensure our clients safety. We do not do business through the Internet and therefore cannot be hacked. These crooks are very sophisticated. They hack major corporations and government agencies. Do not take the unnecessary risk of this happening to you. Do not order gold or silver through the Internet.
Gold seller JM Bullion hacked to steal customers’ credit cards
According to a ‘Notice of Data Security Incident’ sent to customers, JM Bullion’s web site was hacked in the middle of February 2020, when a malicious script was added to the site.