On The Constitution, Gun Rights, Criminal Bankers, and Silver
Buy a Gun, Buy Silver
"I sincerely believe, with you, that banking establishments are more dangerous than standing armies…" — Thomas Jefferson to John Adams
Last Saturday, I did two things: 1. I bought an AR-15; 2. I bought physical silver.
As an analyst, commentator, and concerned citizen, I feel it's important you understand why. Plus you read this letter to get moneymaking insights and opinions that cover the broad scope of the entire market...
What could be a better insight than telling you exactly where and why my skin is in the game?
Let's begin with a reading of the Second Amendment of the United States Constitution:
A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed.
Now a definition of infringe:
And now the first three gun control measures being proposed by President Obama, as printed by the Wall Street Journal:
Requiring background checks for all gun buyers [needs congressional approval]
Ban certain semiautomatic rifles [needs congressional approval]
Require a 10-round limit on ammunition magazines [needs congressional approval]
Now, I've taken a few logic, ethics, and rhetoric courses in my day... and the pathos here is in the toilet.
Any move to require something, to ban something, or to limit something is, by definition, infringing.
The Constitution is being violated — and it sets a very scary precedent. Your supposedly inherent rights are being dismantled before your very eyes.
Even more alarming, a good chunk of the zombified populace seems to condone it. In a survey of 1,500 adults last week, Pew found that 58% favor a ban on semi-automatic weapons.
I'll let Benjamin Franklin tell you what's wrong with this:
"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety. " — Benjamin Franklin, 1759
I refuse to give up essential liberty. I fully believe a right not exercised is a right lost. And I'm not alone...
As I filled out the background check (a check is an infringement, by definition) paperwork so I could legally bear my new arm, many others were doing the same.
The scene was the same at each of the dozens of booths selling them at a Maryland gun show. Thousands were crowded up and down the aisles. These weren't gun nuts. These weren't tinfoil hat people. These were men and women of all ages expressing a right they fear losing.
The 50-something man in pleated khakis and Oxford shirt pressing on the carbon copies beside me said the assault weapon he was buying was his first firearm. He didn't even know that much about them: “I just want to express my opposition to the government's response,” he said. “I'm tired of them punishing the innocent for the crimes of the guilty.”
And speaking of crimes, check out a visual representation of the FBI's most recent murder statistics, and tell me how any rational mind could come to the conclusion that rifles should be banned before hammers...Don't be bullied by emotional irrationality. Know your rights, embrace them, exercise them.
I drove directly from the gun show to my local coin dealer to buy silver coins.
Simply put, the bankers control the government. This has been the case ever since the formation of the Federal Reserve, and was further solidified with the removal of the gold standard.
From How the Bankers Stole America:
For the most part, the American public believes that the Federal government receives money via the taxes collected from the citizens. This money in turn is what pays for all of the services and programs needed to keep the United States functioning. However, this is not the case at all, and instead, not one penny paid to the government by the people actually pays for any services or programs.
The money collected from the citizens goes directly to the privately owned Federal Reserve. This is the way that the Federal Reserve actually works: The Federal Reserve loans money to, and buys the debts of the United States government. However, the banks do not really have the money so when they need it, they just print more. The money that they print is not worth anything because there is nothing backing it. In the past the United States Dollar was backed by a "Gold Standard" and that was what determined the value of the currency.
Whenever a person hears the term, "Federal Reserve," they assume that it is a government agency which controls the finances of the government. Not so fast, the Federal Reserve is actually owned by private banking interests. In 1913 President Woodrow Wilson signed into law the "Federal Reserve Act."
How did this happen?
It was conceived in 1907 at a secret meeting in Jekyll Island, Georgia, attended by Senator Nelson Aldrich (whose daughter married John D. Rockefeller Jr.), representatives from the Rockefeller-owned National City Bank and J.P. Morgan & Co., the Assistant Secretary of the Treasury, and a few others.
Out of this meeting came the Monetary Commission Report and the Aldrich Bill.
J.P. Morgan then financed both sides of the presidential election in 1912. And when the Republicans failed to get it passed, it was snuck through by the Democrats after Woodrow Wilson took office on a hasty Christmas vote in 1913 as a measure to restrict Wall Street's power. (They always frame things as being in your best interest.)
The Federal Reserve as never been an agent of the government. It is a creation of the bankers meant to control the currency.
From Gary Allen's famed 1971 classic None Dare Call It Conspiracy:
The public is led to believe that our government borrows from "the people" through savings bonds. Actually, however, only a small percentage of the national debt is held by individuals in this form. Most government bonds, except those held by the government itself through its trust funds, are held by vast banking firms known as international banks. For centuries there has been big money to be made by international bankers in the financing of governments and kings.
Since the keystone of the international banking empires has been government bonds, it has been in the interest of these international bankers to encourage government debt. The higher The debt the more the interest.
But while wars and revolutions have been useful to international bankers in gaining or increasing control over governments, the key to such control has always been control of money. You can control a government if you have it in your debt; a creditor is in a position to demand the privileges of monopoly from the sovereign. Money-seeking governments have granted monopolies in state banking, natural resources, oil concessions and transportation. However, the monopoly which the international financiers most covet is control over a nation's money.
Under this system, observed Reginald McKenna, President of the Midlands Bank of England, in 1939: "Those that create and issue the money and credit direct the policies of government and hold in their hands the destiny of the people." Once the government is in debt to the bankers it is at their mercy.
You see, the government cannot control the banks because the banks control the government.
When J.P. Morgan spawned this plan a century ago, the national debt was $5 billion. Wilson promptly entered WWI and drove it to $25.5 billion. Roosevelt and Truman drove it from there to $260 billion during the 30s and 40s. After 1965, U.S. debt began to increase faster than GDP...
Reagan and Bush 1 quadrupled it from 1980 to 1992. By the time Bush 2 took office, the debt was $5.7 trillion. He ran it to $10.7 trillion. And Obama has tacked on another $6 trillion in four years.
The banks and those who run them got rich the entire time.
There have been Establishment bankers in every single presidential administration since Wilson.
How have you faired?
The bankers use this control of government to write laws and make decisions in their favor.
This is why the banks got a bailout after destroying the economy while you were left to struggle.
This is why the banks get to manipulate LIBOR and only face paltry monetary penalties, while ordinary citizens are incarcerated at the highest per capita rate in the world.
This is why the banks get to launder money for terrorists and drug cartels and rogue states and can laugh in the face of the Justice Department.
This is why nearly every bill is filled with pork that further enriches corporations and the banks that own them.
This is why the banks have absolutely no interest in helping you out.
They've even set it up so they profit by making more and more people dependent on government... there aren't 40-some million Americans on food stamps by accident.
Guess who administers the food stamp program? It's not the government. It's JP Morgan.
As the Daily Beast reports:
According to the website of the Agriculture Department — which oversees the food stamp program — three companies administer the bulk of EBT card programs in 49 states (the state of Montana runs its own program) through multi-year contracts ranging from five to seven years. JP Morgan Electronic Financial Services, Inc. (a subsidiary of JP Morgan Chase), which entered the welfare market in 2004 by acquiring Citicorp Electronic Financial Services, has contracts with 24 states and two U.S. territories. Affiliated Computer Services (ACS), a subsidiary of Xerox, has 15 state contracts. And eFunds Corporation, a subsidiary of Fidelity National Information Services (not connected to Fidelity Investments), handles the EBT cards for 10 states and one U.S. territory.
Just how lucrative JP Morgan’s EBT state contracts are is hard to say, because total national data on EBT contracts are not reported. But thanks to a combination of public-records requests and contracts that are available online, here’s what we do know: 18 of the 24 states JP Morgan handles have been contracted to pay the bank up to $560,492,596.02 since 2004. Since 2007, Florida has been contracted to pay JP Morgan $90,351,202.22. Pennsylvania’s seven-year contract totaled $112,541,823.27. New York’s seven-year contract totaled $126,394,917.
The more people on welfare, the more lucrative for the banks.
They have an incentive to keep you down. And judging by the bank accounts of millions of Americans, they're doing a damn good job.
|The table is tilted, folks. The game is rigged. And nobody seems to notice. Nobody seems to care. Good, honest, hard-working people – white collar, blue collar, it doesn't matter what color shirt you have on – continue to elect these rich ****suckers who don't give a f*ck about them. They don't care about you at all. At all. At all. And nobody seems to notice, nobody seems to care. That's what the owners count on, the fact that Americans probably will remain willfully ignorant... Because the owners of this country know the truth, it's called The American Dream, cause you'd have to be asleep to believe it. --George Carlin|
They also have a vested interest is keeping you a believer in “The System,” in the American Dream.
Because the dollars they're getting are only worth something if you believe they're worth something. They don't want you holding precious metals; they want you out there racking up credit card debt, student loans, and mortgages to keep the interest payments coming.
They want your entire retirement wrapped up in funds and stocks they control and get a percentage of.
One of the best ways to protest this is to buy precious metals. And like with purchasing firearms, many are starting to realize it...
After I paid for my 16 ounces of silver last weekend, I asked the man behind the counter how much they'd been selling. “600 ounces in the past week,” he said. “It's been crazy.”
This is one small shop in one small Baltimore suburb.
As Reuters reported this week:
U.S. American Eagle gold and silver coin sales have been exceptionally strong in January, building on a late 2012 rally as collectors scramble to snap up newly minted 2013 coins and investors seek refuge from U.S. economic uncertainty.
As of Jan. 15, silver Eagle sales for the month exceeded 5 million ounces, data from the U.S. Mint's website showed. At that rate, sales would surpass an all-time monthly high of 6.1 million ounces set in January 2012.
With two weeks remaining in January, gold coin sales were 110,500 ounces, compared with 127,000 ounces for all of January 2012, on track for the highest monthly tally since 1999.
This falls right in line with what we've been recommending here at Wealth Daily for years.
I've published them before, but here are five things you can and should be doing to fight this financial terrorism:
1. Get out of debt. Now.
Debt in this country, both public and private, has become a chronic condition. Using debt to finance consumption is suicidal.
2. Build cash.
This goes for investment accounts and for your home. Now is a time to hold large cash balances in your accounts, so that you're liquid enough to take advantage of the bargains that we'll see down the road. We'll be sure to bring many of them to your attention in these pages.
You should also have enough cash on hand to cover your living expenses for a minimum of three months. Have it in your possession.
3. Buy gold and silver.
Right now, a drop in gold prices is a gift because the long-term trend is higher... same goes for silver.
The time to do this is now, when we have a discount window available. Chances of both gold and silver going higher are simply too high to pass up. Look at these holdings as an insurance policy. Your best hope is they become family heirlooms.
4. Guns and Groceries
It's a noble and sublime feeling to be confident in your ability to provide for your family.
Get a long-term food storage program in place. At a minimum, you should be 100% confident in your ability to live for a few weeks without having to go to the grocery store. Prepare to the level you feel is practical.
A while back, we took a poll. It turns out 100% of criminals prefer their victims to be unarmed... Own a gun and possess the ability to use it under duress.
5. Take pride in your liberty.
Let your opinion be heard not through the prism of left or right, but through the lens of right and wrong.
Make your time here what you want it to be, and make sure you're financially secure enough to do it.
Nobody's looking out for you but you.
Call it like you see it,
Nick is the Founder and President of the Outsider Club, and the Investment Director of the thousands-strong stock advisory, Early Advantage. Co-author of two best-selling investment books, including Energy Investing for Dummies, his insights have been shared on news programs and in magazines and newspapers around the world. For more on Nick, take a look at his editor's page.