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Free Stuff, Monopoly Money, and Free Passes - Gary Christenson

Free Stuff, Monopoly Money, and Free Passes - Gary Christenson
By Gary Christenson 3 years ago 13006 Views No comments

July 27, 2016

THINKING OF THE RNC AND DNC…

Politicians get elected by telling voters what they want to hear, especially that voters will receive a pile of “free stuff.” Politicians are (usually) funded by large corporate interests, particularly the financial industry, military contractors, Big “Ag,” and Big “Pharma.” It takes $ billions to buy a Presidential election and large corporate interests expect favorable access and legislation as a result of their huge contributions. It is easy to see.

Conclusion: Politicians tell voters what they want to hear and distribute “free stuff” but they do what they must to repay contributors and solicit even more money to win the next election. But in reality, voters and promises to voters become collateral damage.

WHAT FREE STUFF? WHAT FREE PASSES?

A few examples come to mind: Trillions of dollars to bail out banks and the financial elite, more trillions to the sick-care/health care industry via government supported inflated prices for drugs and services, trillions to the military-industrial-security complex “to keep us safe,” various other individual and corporate welfare programs, the usual corruption and “no-bid” contracts, foreign aid, cell phones, tax loop-holes, QE, subsidized loans, “food stamps,” forgiven loans, massive payoffs, subsidized housing, Presidential pardons, political patronage jobs, student loans, and the list goes on.

Don’t forget the “free passes” to Wall Street bankers not indicted by the DOJ in numerous cases of fraud, politicians not indicted by the FBI for mishandling top-secret documents, and regulators that have failed to regulate. “Stay out of jail cards” have been purchased …

BOND AND STOCK BUBBLES – INFLATED BY “FREE” QE AND “FREE CURRENCIES":

Bonds rise in price as the yield falls when central banks and others purchase bonds. Over $12 Trillion in sovereign debt currently “yields” negative interest as bonds sell at all-time highs, along with all-time highs in the DJIA.

The bond purchaser “lends” currency to an insolvent government and pays for the privilege, even though the government has assured the lender that the bond will be repaid in devalued currency units. This is clearly an unsustainable bubble. Remember: Stocks and bonds could be topping now, and BUBBLES ALWAYS POP.

Conclusion: $Trillions of paper “wealth” will vanish when bond and/or stock bubbles implode.

Death from above: Politicians and bankers are often predators that view taxpayers and the populace as a source for their needs.

Bill Holter: “They have fixed nothing because nothing can be fixed. No bullet has been dodged.”

Survival down below: We need protection from predators. We also need insurance to preserve our purchasing power from continually devaluing currencies, market crashes, failing pensions, politicians, central banks, and consumer price inflation.

Physical gold and silver come to mind.


GE Christenson is the owner and writer for the popular and contrarian investment site Deviant Investor and the author of the book, “Gold Value and Gold Prices 1971 - 2021.” He is a retired accountant and business manager with 30 years of experience studying markets, investing, and trading. He writes about investing, gold, silver, the economy, and central banking. His articles are published on Deviant Investor as well as other popular sites.

The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.

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