-- Posted Monday, 23 December 2013 | | Disqus
By GE Christenson
Santa: The following are our Christmas wishes for the bottom 95% of Americans – as measured by either income or total assets.
A People’s QE: The Fed creates $85,000,000,000 (perhaps reducing to $75 Billion in January) per month - Quantitative Easing or QE - and feeds it to the bankers, the wealthy, and the politicians. A people’s QE is for the Quality Enhancement of the bottom 95% - an additional $85,000,000,000 per month distributed to 315 million people in the U.S. Santa: please deliver $270 to each person monthly, or at current prices, about 14 ounces of silver per person per month, or about 3 ounces of gold per person every 14 months.
CONGRESS: It would be grand if congressional approval ratings stayed above 70% because congressional actions beneficially represented the nation and the needs of the people instead of large corporate interests and their own payoffs. Santa: we know this is probably hopeless, but please make congress and the government more truthful.
JOBS FOR AMERICANS: Does shipping jobs offshore and closing factories make America stronger and a better place to live? The “profit for me but unemployment for you” approach is not a good plan. Santa: please open American factories and create more local jobs.
FINANCIAL INDUSTRY: We pray for a new financial industry that encourages a productive economy instead of gouging the middle class to promote CEO bonuses. Santa: this is a tough one, but your help would be appreciated.
HEALTH: Most of us would benefit from a medical profession that encourages good health, prevention, and sane living instead of highly profitable sick care, huge medical expenses, and the “take a pill” mentality promoted by the big Pharmaceutical companies. Santa: we need healthier food, less drugs, more exercise, and fewer destructive habits.
FAIR MARKETS: Price fixing, such as in the markets for LIBOR, currencies, bonds, gold, silver, and crude oil damage the integrity and credibility of markets and hurt the lower 95% with a higher cost of living. However, price fixing enhances banker bonuses. Santa: please help the 95%!
HONEST MONEY: Does it make sense that the dollars EARNED by actual work are valued the same as the “funny money” dollars that the Fed “prints?” Santa: please bring honest money back to our world.
PEACE ON EARTH: War is highly profitable for many businesses but it kills and hurts people. Santa: please inspire peace and good will in the hearts of the warmongers.
My Christmas Wish is that we will live in a better world that includes honest money, real markets, and individual good health. Have a warm and loving Christmas and a 2014 filled with more hard assets and fewer paper assets.
GE Christenson
The Deviant Investor
-- Posted Monday, 23 December 2013 | Digg This Article
| Source: GoldSeek.com
