-- Published: Wednesday, 25 October 2017 | Print | Disqus
By Gary Christenson
In the 1960s Peter, Paul and Mary popularized a song written by Pete Seeger – “Where Have All the Flowers Gone?”
The short version is:
Where have all the flowers gone?
Young girls have picked them.
Where have all the young girls gone?
Gone to husbands.
Where have all the husbands gone?
Gone for soldiers.
Where have all the soldiers gone?
Gone to graveyards.
Where have all the graveyards gone?
Gone to flowers.
And repeat.
When will they ever learn?
Another version of this “cycle of life” might be:
Where has all the money gone?
Gone to taxes.
Where have all the taxes gone?
Gone to governments.
Where have all the governments gone?
Gone to bankers for loans and more money.
Where have all the bankers gone?
Gone to buy politicians.
Where have all the politicians gone?
Gone to buy voters.
Where have all the voters gone?
Gone to work for money.
Where has all the money gone?
Gone to taxes.
And repeat.
When will they ever learn?
Fifty years ago the U.S. bombed North Vietnam. That worked out well for the military contractors but not for people or global economies.
Twenty six years ago the U.S. fought Iraq and Saddam Hussein. That worked out well for the military contractors but not for people or global economies.
Ten years ago the U.S. fought in Iraq. That worked out well for the military contractors but not for people or global economies.
Today the U.S. is bombing several countries and threatening others. How will this benefit people and global economies?
When will they ever learn?
For perspective, here are some approximate prices that show the consequences of warfare and welfare, and borrow and spend politics.
Item 1964 1994 2004 2017
National Debt in $ billions 310 4,700 7,300 20,400
Dow Jones Ind Average 900 3,800 10,200 23,300
Pack of cigarettes 0.25 1.76 3.50 6.00
Ounce of Silver 1.29 5.00 7.00 17.00
Looking ahead:
- Wars will continue. Are they fought to be won or prolonged?
- Debt and currency in circulation will rise exponentially. $20 trillion is the 2017 national debt. It will be $40 trillion in 8 to 9 years.
- Gold, silver, health care, automobiles and food will become much more expensive.
- Voters will vote for politicians and wars even though both cause rising prices and deteriorating living conditions.
Read: Chris Martenson Are you Infuriated Yet?
“There are economic and financial idiocies in motion that are, by themselves, unsolvable predicaments without a peaceful solution. But when combined with resource depletion and declining net energy, they’re positively intractable.
Take for example the hundreds of trillions of dollars-worth of underfunded entitlement and pension promises. Those promises cannot be kept and they cannot be paid.”
The “Plan” seems to be:
- National debt and global debt will increase forever.
- Central banks will levitate global stock markets.
- The military will support the U.S. dollar.
- Hope for a tax cut even though spending is out of control.
- Hope for mild inflation and strong economic growth.
- Hope rising entitlement costs and Medicare increases are minimal.
- Hope for … whatever it takes to keep the system alive …
If this “Plan” seems weak and unlikely, then prepare for stormy economic weather with gold and silver bullion. I recommend:
Miles Franklin 1-800-822-8080
Why Not Gold 1-888-966-8465
Gary Christenson
The Deviant Investor
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-- Published: Wednesday, 25 October 2017 | E-Mail | Print | Source: GoldSeek.com
