Preppers.
They're out there. They're ready. And they're probably not going to share.
The world has changed in recent months. In case you've been living in a cave (probably a good case to hide out, away from the coronavirus and street protests) for the past four to six months you're likely noticed that everyday life isn't so everyday anymore. People wear masks, some even while driving in their cars with the windows rolled up. You may notice people keeping their distance from you, and from everybody else.
Then there are those pesky protesters. First, they were all about social injustice. Then, they looted stores and burned buildings. After that, they began knocking over statues of people they think were bad eggs. People who had slaves. People who didn't. People who were just evil enough, supposedly, to be immortalized a la statuary, are being histrionically defamed.
The protesters defaced the Lincoln Memorial. Don't ask why, because Abraham Lincoln, America's 16th president, is largely credited with having freed the slaves on the new continent. He purportedly saved the nation. Well, no good deed goes unpunished in this current craziness over race, injustice, inequality.
Statues of confederate heroes, Robert E. Lee, and others, have been toppled or removed, but the madness hasn't stopped there. Calls for removal or actual toppling of statues of George Washington (founder of our nation, first president and a slave owner), Thomas Jefferson (one of the principal authors of the US constitution, third president, slave owner), and even Teddy Roosevelt (Rough Rider, 26th president, not a slave owner) have been in the news.
It just so happens that Washington, Jefferson, Lincoln, and Roosevelt are the four faces carved into Mount Rushmore in South Dakota, prompting the governor, Kristi Noem, to stand up and vow to protect the world famous monument, saying, "not on my watch," as a message to would-be defacers and defilers. Those fighting words probably have some ANTIFA people triggered.
Anyhow, life in 2020 is different than it was just six months ago and we're not even half way through the year yet. How well one has prepared for these changes is largely a function of how well aware one is of one's current environs, how much trust one has in fellow humans, the police, and the government, and how seriously one is about preserving one's well-being.
Some people - like the fabled preppers - were well ahead of the curve, having staked out some rural location years ago and built upon it, cleared it, farmed it, and now live on it in peace with nature and neighbors at least half a mile away. They've got their guns and ammo, chickens and cattle, greens and beans, solar power, and just about everything they need to hunker down for months, if not years, without interaction with the electrical grid or commercial America if need be.
Those are - all of a sudden - the enlightened, who will remain far from the fray in the cities and be relied upon for rebuilding what's left after the dust settles, should conditions worsen. They won't catch the COVID, nor will they engage with radical protesters. They're likely to stay on their farms and enclaves for a long, long time.
There are those of us who too a look at the coronavirus as it spread from China, through Asia, into Europe and eventually to North America and thought that it might be time to stock up on food, make sure our gas generators were working and made plans to isolate. They turned out to be prescient, if not a little overzealous. But, they were right. Just about everywhere in the United States was under some form of lockdown or stay-at-home guideline in April, May, June.
The bulk of the population was completely caught off guard by the virus and the lockdowns and then the protests. Among the most unfortunate were those who made few plans and found themselves in food lines or at a WalMart wondering where all the toilet paper had gone. Those people were unprepared. Some may now have learned a little bit of a lesson and gotten their pantries stocked, maybe bought a gun and some ammo, and think they're ready for whatever might come next.
Most of the unprepared did not take any action. They went to the food banks, cashed their $1200 checks and spent a month to six weeks bingeing on Netflix. Those living in cities were thoroughly surprised by the large scale protests. Some of them probably were participants. If a second wave of the virus turns out to be more real than merely fudged statistics, they're toast. Burnt toast. They'll find themselves back at the food banks, broke, in fear for their lives, and eventually likely culled from the herd by either the virus or roving, menacing street gangs.
In the early days of the pandemic, it was probably good enough to buy a few month's worth of canned goods and shelter in place. As life becomes more about survival than prosperity, as people become more desperate, more violent, more destitute, it's not going to be good enough. Millions have lost jobs. The enhanced unemployment benefits are going to run out at the end of July. More than four million people have skipped making mortgage payments. Delinquencies on student loans, car loans, and credit cards are on the rise. The economy, if it recovers at all - and despite the recent happy face Wall Street rally - will do so very slowly. the new normal is going to persist and many, many, millions of people are still unprepared.
You might have a 401k, a paid off mortgage on a home in a nice neighborhood, a work-from-home job, and a fully-stocked pantry, but will it be enough? Did you start a garden? Are you dependent on the grid for power? Do you know what you will do if intruders storm your palace?
These are hard questions, questions people don't like to ask themselves, and thus, many don't. About 60% of the adult population thinks everything is going to be back to normal in six months to a year. If they're right, they may make it to the proverbial other side. If they're wrong, they'll wonder why they didn't take the Boy Scout motto - Be Prepared - more seriously.
At the Close, Tuesday, June 23, 2020:
Dow: 26,156.10, +131.14 (+0.50%)
NASDAQ: 10,131.37, +74.89 (+0.74%)
S&P 500: 3,131.29, +13.43 (+0.43%)
NYSE: 12,077.75, +48.83 (+0.41%)
Wednesday, June 24, 2020
Tuesday, June 23, 2020
Why An Hourly Wage Is Such a Bad Idea
Let's talk about money, your work experience, and taxes, just what you want to think about this morning, right?
It is an important topic, however, just because so many people avoid thinking about their work and its relation to taxation and general well-being.
Right from jump street, if you're working for an hourly wage, everybody's getting cheated. You, your employer, even the government which takes part of your pay before you even see it is getting a raw deal, though it could be argued that the government, which has little to no "skin in the game" when it comes to your income, your employment, and your work habits, has nothing to lose and so much to gain.
By taking a job or a position in exchange for so form of compensation based on time, you've rendered yourself about as useful or resourceful as a drone. You show up, you punch the clock, you perform your duties, you go home. Nothing more, nothing less. It's a dreadful condition, draining the life force out of you on a regularly scheduled basis. Making matters even worse, your boss probably thinks you aren't working hard enough and the government takes a percentage of everything - before you even see it - and wants more.
The concept of hourly wages is a relatively recent development in the great pantheon of civilization and labor. Prior to 1900, workers were paid by the day, week, or month, or by the task, which, being that much of the labor of the era was performed on farms, often included lodging and/or meals. This made sense because the world was a hard-scrabble place, weather took its toll on the amount and quality of work performed over days and even weeks, and it was generally well-known that workers wore down after six to eight hours on a particular job and the quality might suffer as the day wore away at their muscles and bones.
It wasn't until the industrial revolution and the great immigration from Europe to America that hourly wages became established. Employers and unions established scales of wages and requirements for work-weeks (a typical week of work was from 50 to 60 hours). In the early days of industrialization, unions became necessary because naturally, employers wanted to pay as little as possible, but workers needed to earn a decent living, provide for their families, and maybe have a little left over for savings.
It wasn't until 1938 - in the throes of the Great Depression - that minimum wage laws were established, at the time, a necessary evil, because not just workers, but employers as well, were suffering from the maladies of slack demand and massive deflation. During that developmental period and since then, the hourly wage became the standard compensation for menial tasks and the government didn't miss the opportunity to get its unfair share, beginning in the early 1940s, when they imposed payroll deductions as a means to fund the war effort incurred during world War II.
When the war was over, the feds didn't stop there, they just kept taking part of everybody's pay, increasing their percentage over the years. States jumped on that bandwagon as well, many imposing their own income taxes. Many still believe that income tax or any tax on wages is unconstitutional. They're actually right, and why the IRS calls income tax "voluntary," but try not paying your share and see what happens. There's nothing voluntary about wage taxes and deductions from your paycheck. It's theft on a grand scale.
It's a crying shame that somebody making $15 per hour only gets to take home about $12 of that hourly rate after the feds take their withholding amount, Social Security (FICA) and Medicaid "contribution" and the state piles in for another piece of your pie. People making more are penalized even further. That's the government side of the equation. Making it all the more unbearable, the various governments waste what they take from you and have to borrow even more and still can't manage to balance their budget. It's like throwing money down a black hole, this one lined with $26 trillion in federal debt which will never be repaid.
Getting back to the hourly wage and why it makes everybody a crook, you're probably not happy about the government taking 12-20% or more right out of your paycheck. You may decide to work 12-20% less or slow your productivity because of that unfair practice. That, in effect, steals from your employer, who isn't at fault for the government's intrusion into an agreement made between you and your boss' company, but it is he who pays for lost productivity, slack standards, theft, and the other unintended consequences of hourly wages.
Because, like you, the employer feels threatened by both sides - workers and the government - he cuts hours, or lays off unproductive employees, putting more strain on those that remain. He or she might also makes use of accountants and any other tricks available to limit his contributions to the government. It's the employer who writes the checks after all, and it is the employer who must remit to the government. Many have tried to cheat the government. Many have failed. Many are out of business, but the point is that the hourly wage and payroll deductions have spawned all sorts of bad behavior by employees and employers alike. More often than not, it's payments made to the "silent partners" - governments - that bankrupt businesses and put people out of work through no faults of their own.
The other major problem with a hourly wage it that it stifles productivity and efficiency. Maybe you can produce six widgets an hour, but everybody else on your shift can only produce four. If you're all making the same wage, there's absolutely no upside for you to work more efficiently than your peers unless you believe you'll get a raise, which, in a union setting, would be impossible. Even then, if you were to get a raise for your more efficient use of time, when your fellow workers find out, they'll castigate you and tell you you're making their lives more difficult. It's a no win condition.
If you get paid $15 an hour to do a job in five hours, but you could do it in four, why would you? The hourly wage not only does not encourage efficiency, it retards it. Or, would you rather make $60 instead of $75 for the same job?
The hourly wage is one of the worst inventions ever created in terms of labor effectiveness and efficiency. It stifles creativity, encourages bad behavior and spawns more government rules, regulations, and taxes. It reduces an erstwhile valuable human being to little more than a punch-press machine. It's degrading and demoralizing and nearly universal. Anything that becomes that widespread without competition - like a monopoly - should be done away with, the sooner the better.
As much as we'd all like to believe that everybody is created equal, it just isn't the case. In the eyes of the law, maybe. Hours and days are not created equally either. It's a proven fact that less work gets done after two o'clock than before noon; Fridays are radically different from Mondays.
Maybe some good will come from the lockdowns and stay-at-home impositions caused by the coronavirus. If anything, it's given people the opportunity to work from home, unsupervised, and maybe given everybody a chance to ponder the value of work versus an hourly wage. Hopefully, this time will encourage people to do their own thing, to start a home-based business, or at least look into alternatives to the time-worn nine-to-five practice.
The main beneficiaries of standardized hourly wages seem to be governments and their tax regimes. Might a return to the sanity of daily or weekly wages, piece work, or by-the-job work become reasonable alternatives?
We can only hope.
The Markets:
Gold futures soared on Monday, peaking at $1765 before being knocked down to just under $1755 an ounce at the New York close. Silver reached out above $18 an ounce prior to a late-morning smackdown, closing at the regrettable - an utterly unrealistic - price of $17.68.
While goldbugs continue to cry about manipulation, it seems obvious that any continuing control over precious metals markets is about keeping the gold to silver ratio near the historical absurdity of 100 and the forces in opposition to real money at the futures windows. After all, silver is more plentiful, more affordable to everybody and much more divisible than gold. Remember, prior to the Crime of 1873, silver was money, but the banking elite of the day wanted to establish a gold standard, and did, impoverishing many independent businesspeople and farmers in the process.
Now that the entire planet is on a fiat standard, which is no standard at all, it's time for silver to take its rightful place as the money of gentlemen and of the world. It can start with a readjustment to a reasonable gold:silver ratio of 20, eventually to 16 or 12. If gold is to persist at $1750 or higher, silver should be at least $85 an ounce. Market forces are at work. Prices for single ounce coins and bars on eBay are routinely over $30, and dealers are charging $23 and upwards for the same, if they can get their hands on it.
With eBay charging a ten percent fee on all bullion sales, the actual price of physical silver in one ounce increments is realistically approaching $32 to $35 per ounce. That's Troy ounces, and Troy approves (joke).
Silver may be kept down in the spot and futures markets, to the detriment of dealers and paper-pushers worldwide. In the meantime, the actual, true, honest, real physical market is exploding and will continue to until such a time that silver holders will be satisfactorily compensated.
Fight the Fed. Buy silver.
Bonds: eh, who needs them? The Fed wants to control the curve to keep short term rates near zero forever. Let them. It can only serve to hasten the return to real money.
Oil prices continue to be inflated, serving only the needs of drillers, shippers, and distillers. When the price of WTI crude falls back to realistic levels around $24-30 a barrel and states begin reducing their onerous gasoline taxes, the economy can begin recovering. Until then, we're stuck in an artificial stagflationary environment.
Stocks gained. They always do. Shares of public companies have never been as expensive.
At the Close, Monday, June 22, 2020:
Dow: 26,024.96, +153.50 (+0.59%)
NASDAQ: 10,056.47, +110.35 (+1.11%)
S&P 500: 3,117.86, +20.12 (+0.65%)
NYSE: 12,028.91, +48.79 (+0.41%)
It is an important topic, however, just because so many people avoid thinking about their work and its relation to taxation and general well-being.
Right from jump street, if you're working for an hourly wage, everybody's getting cheated. You, your employer, even the government which takes part of your pay before you even see it is getting a raw deal, though it could be argued that the government, which has little to no "skin in the game" when it comes to your income, your employment, and your work habits, has nothing to lose and so much to gain.
By taking a job or a position in exchange for so form of compensation based on time, you've rendered yourself about as useful or resourceful as a drone. You show up, you punch the clock, you perform your duties, you go home. Nothing more, nothing less. It's a dreadful condition, draining the life force out of you on a regularly scheduled basis. Making matters even worse, your boss probably thinks you aren't working hard enough and the government takes a percentage of everything - before you even see it - and wants more.
The concept of hourly wages is a relatively recent development in the great pantheon of civilization and labor. Prior to 1900, workers were paid by the day, week, or month, or by the task, which, being that much of the labor of the era was performed on farms, often included lodging and/or meals. This made sense because the world was a hard-scrabble place, weather took its toll on the amount and quality of work performed over days and even weeks, and it was generally well-known that workers wore down after six to eight hours on a particular job and the quality might suffer as the day wore away at their muscles and bones.
It wasn't until the industrial revolution and the great immigration from Europe to America that hourly wages became established. Employers and unions established scales of wages and requirements for work-weeks (a typical week of work was from 50 to 60 hours). In the early days of industrialization, unions became necessary because naturally, employers wanted to pay as little as possible, but workers needed to earn a decent living, provide for their families, and maybe have a little left over for savings.
It wasn't until 1938 - in the throes of the Great Depression - that minimum wage laws were established, at the time, a necessary evil, because not just workers, but employers as well, were suffering from the maladies of slack demand and massive deflation. During that developmental period and since then, the hourly wage became the standard compensation for menial tasks and the government didn't miss the opportunity to get its unfair share, beginning in the early 1940s, when they imposed payroll deductions as a means to fund the war effort incurred during world War II.
When the war was over, the feds didn't stop there, they just kept taking part of everybody's pay, increasing their percentage over the years. States jumped on that bandwagon as well, many imposing their own income taxes. Many still believe that income tax or any tax on wages is unconstitutional. They're actually right, and why the IRS calls income tax "voluntary," but try not paying your share and see what happens. There's nothing voluntary about wage taxes and deductions from your paycheck. It's theft on a grand scale.
It's a crying shame that somebody making $15 per hour only gets to take home about $12 of that hourly rate after the feds take their withholding amount, Social Security (FICA) and Medicaid "contribution" and the state piles in for another piece of your pie. People making more are penalized even further. That's the government side of the equation. Making it all the more unbearable, the various governments waste what they take from you and have to borrow even more and still can't manage to balance their budget. It's like throwing money down a black hole, this one lined with $26 trillion in federal debt which will never be repaid.
Getting back to the hourly wage and why it makes everybody a crook, you're probably not happy about the government taking 12-20% or more right out of your paycheck. You may decide to work 12-20% less or slow your productivity because of that unfair practice. That, in effect, steals from your employer, who isn't at fault for the government's intrusion into an agreement made between you and your boss' company, but it is he who pays for lost productivity, slack standards, theft, and the other unintended consequences of hourly wages.
Because, like you, the employer feels threatened by both sides - workers and the government - he cuts hours, or lays off unproductive employees, putting more strain on those that remain. He or she might also makes use of accountants and any other tricks available to limit his contributions to the government. It's the employer who writes the checks after all, and it is the employer who must remit to the government. Many have tried to cheat the government. Many have failed. Many are out of business, but the point is that the hourly wage and payroll deductions have spawned all sorts of bad behavior by employees and employers alike. More often than not, it's payments made to the "silent partners" - governments - that bankrupt businesses and put people out of work through no faults of their own.
The other major problem with a hourly wage it that it stifles productivity and efficiency. Maybe you can produce six widgets an hour, but everybody else on your shift can only produce four. If you're all making the same wage, there's absolutely no upside for you to work more efficiently than your peers unless you believe you'll get a raise, which, in a union setting, would be impossible. Even then, if you were to get a raise for your more efficient use of time, when your fellow workers find out, they'll castigate you and tell you you're making their lives more difficult. It's a no win condition.
If you get paid $15 an hour to do a job in five hours, but you could do it in four, why would you? The hourly wage not only does not encourage efficiency, it retards it. Or, would you rather make $60 instead of $75 for the same job?
The hourly wage is one of the worst inventions ever created in terms of labor effectiveness and efficiency. It stifles creativity, encourages bad behavior and spawns more government rules, regulations, and taxes. It reduces an erstwhile valuable human being to little more than a punch-press machine. It's degrading and demoralizing and nearly universal. Anything that becomes that widespread without competition - like a monopoly - should be done away with, the sooner the better.
As much as we'd all like to believe that everybody is created equal, it just isn't the case. In the eyes of the law, maybe. Hours and days are not created equally either. It's a proven fact that less work gets done after two o'clock than before noon; Fridays are radically different from Mondays.
Maybe some good will come from the lockdowns and stay-at-home impositions caused by the coronavirus. If anything, it's given people the opportunity to work from home, unsupervised, and maybe given everybody a chance to ponder the value of work versus an hourly wage. Hopefully, this time will encourage people to do their own thing, to start a home-based business, or at least look into alternatives to the time-worn nine-to-five practice.
The main beneficiaries of standardized hourly wages seem to be governments and their tax regimes. Might a return to the sanity of daily or weekly wages, piece work, or by-the-job work become reasonable alternatives?
We can only hope.
The Markets:
Gold futures soared on Monday, peaking at $1765 before being knocked down to just under $1755 an ounce at the New York close. Silver reached out above $18 an ounce prior to a late-morning smackdown, closing at the regrettable - an utterly unrealistic - price of $17.68.
While goldbugs continue to cry about manipulation, it seems obvious that any continuing control over precious metals markets is about keeping the gold to silver ratio near the historical absurdity of 100 and the forces in opposition to real money at the futures windows. After all, silver is more plentiful, more affordable to everybody and much more divisible than gold. Remember, prior to the Crime of 1873, silver was money, but the banking elite of the day wanted to establish a gold standard, and did, impoverishing many independent businesspeople and farmers in the process.
Now that the entire planet is on a fiat standard, which is no standard at all, it's time for silver to take its rightful place as the money of gentlemen and of the world. It can start with a readjustment to a reasonable gold:silver ratio of 20, eventually to 16 or 12. If gold is to persist at $1750 or higher, silver should be at least $85 an ounce. Market forces are at work. Prices for single ounce coins and bars on eBay are routinely over $30, and dealers are charging $23 and upwards for the same, if they can get their hands on it.
With eBay charging a ten percent fee on all bullion sales, the actual price of physical silver in one ounce increments is realistically approaching $32 to $35 per ounce. That's Troy ounces, and Troy approves (joke).
Silver may be kept down in the spot and futures markets, to the detriment of dealers and paper-pushers worldwide. In the meantime, the actual, true, honest, real physical market is exploding and will continue to until such a time that silver holders will be satisfactorily compensated.
Fight the Fed. Buy silver.
Bonds: eh, who needs them? The Fed wants to control the curve to keep short term rates near zero forever. Let them. It can only serve to hasten the return to real money.
Oil prices continue to be inflated, serving only the needs of drillers, shippers, and distillers. When the price of WTI crude falls back to realistic levels around $24-30 a barrel and states begin reducing their onerous gasoline taxes, the economy can begin recovering. Until then, we're stuck in an artificial stagflationary environment.
Stocks gained. They always do. Shares of public companies have never been as expensive.
At the Close, Monday, June 22, 2020:
Dow: 26,024.96, +153.50 (+0.59%)
NASDAQ: 10,056.47, +110.35 (+1.11%)
S&P 500: 3,117.86, +20.12 (+0.65%)
NYSE: 12,028.91, +48.79 (+0.41%)
Sunday, June 21, 2020
WEEKEND WRAP: Fake COVID Data, Faulty HCQ Studies, Bailouts for Zombies, Secret Handshakes, Excessive Lying and Bunk
The level of fraud in the scientific community is absolutely out of control. It's even beyond that of the government and media, though the media probably holds the title of most disingenuous as it lies or distorts on practically everything.
On Friday, yet another clinical trial of hydroxychloroquine was halted, this time by the National Institutes of Health.
Citing that the drug has no ill effects on hospitalized patients - in opposition to previously unfounded claims that HCQ was dangerous - a data and safety monitoring board (DSMB) said the drug offered no benefit to hospitalized patients.
It's too bad that the mainstream medical authorities have to be so obviously stupid. HCQ is used as a preventative medicine. It helps the immune system fight off coronavirus, especially when used in a regular regimen with zinc and Azithromycin when asymptomatic or in early stages of infection as this study and many others have clearly shown.
Instead, the NIH, CDC, WHO and other "official" medical bodies refuse to release the proof of the effectiveness of hydroxychloroquine as what doctors call a prophylactic remedy, insisting that COVID-19 is a deadly disease and that billions must be spent in search of a vaccine, when they know a vaccine will likely never be developed.
These people, who first told the world that wearing a mask was a waste of time, then promoted the use of masks when it suited their purposes, should all be met with swift justice because it is they, not the virus, who are causing countless deaths that could have been saved if proper preventive measures had been taken. They, and the media which continues to promote COVID-19, lockdowns, quarantines, social distancing, absurdities like not allowing fans into sporting events, keeping restaurant customers six feet apart and other ridiculous notions should be tried for operating a criminal conspiracy.
Even this post, because it violates the dictatorial policy of Google, Twitter, or Facebook may be deemed conspiracy theory or in violation of their standards may be labeled with a warning or removed from public view.
The virus is a total scam. The rising cries of a coming "second wave" are nothing more than another attempt to scare people into rash behaviors using slanted statistics while playing on emotions. Places like Georgia, Texas, and Arizona have been cited as possible new hotspots for the virus, but the truth of the matter is that more testing has produced more cases, therefore increasing the daily bogus coronavirus counts. Additionally, all of the various tests have proven to show an abundance of false positives. Hospitalization and death statistics have been overstated since the beginning of the pandemic.
In other words, almost all of the data and scare-mongering from the media is bunk. Complete rubbish. Take off your masks and start living like a human being again. The chances of catching the virus are slim. It has mutated numerous times and most strains circulating are severe or deadly only to people over the age of 60 who have pre-existing health conditions or are obese, suffer from diabetes or heart disease. The general population is in no more danger from COVID-19 than from the common flu.
Get over it. Move on. Tell anybody who disagrees to take their opinions elsewhere. As it stands, there's no baseball this summer and there may not be football this fall. All this pandemic nonsense is about as important and vital as the BLM/Antifa protests. All of it needs to stop and the media is largely to blame for promoting false narratives.
The absurdities were on display at yesterday's Belmont Stakes, where no spectators were allowed into the sprawling Belmont Park facility and everybody on the grounds - except the horses - were required to wear masks. Even jockeys had to wear masks during the races. Please, somebody explain how a rider traveling at 25 to 40 miles per hour is going to catch the virus. It's as bad as the idiots who wear their masks while driving in their cars with the windows rolled up. Stupid. Banal. Idiotic. Is the world really populated by that many morons? If so, maybe the virus should relieve us of 30-40% of the population. More room for everybody. Happy days!
It's just all so annoying and stupid. This post was originally going to be about gold and silver, but the news of yet another HCQ trial being shut down changed those plans.
Go and check your local pharmacy or drug store or vitamin center. They're out of ZINC. Yeah, ZINC. Apparently, some people aren't buying the "we're all gonna die" narrative being shoved down the throats of the unsuspecting public. As the thrust of Money Daily posts over the past few days and weeks have been stressing, the media and government are doing you no good. You need to extricate yourself and your family from the clutches of creeping socialism and outright tyranny.
Let's get away from those who wish only to control everything and move forward to better lives. There is so much the word has to offer, having it ruined by a small minority of psychopathic monsters is a sin and an outrage.
Moving on to the markets and financial world from the week just past, stocks seem to have hit a stall space. The major indices, while all advancing for the week, have not recovered fully from the downdraft of Thursday, June 11. This week's gains were made mainly on Monday and Tuesday. Things slowed down in midweek and by Friday the bloom was off the rose once again.
Not to worry. There's a huge chance that the news will be cocked forward to produce a running start for the major averages and bourses around the world Monday morning. It's just how the Fed and the algorithm-pumping mechanisms operate these days. There's no market. There's no need to study charts or engage in fundamental analysis. Everything is fake, crooked, corrupted.
There is somewhat of a silver lining approaching for people who don't appreciate ever-rising stock prices when companies are showing dwindling profits or actually losing money, however. In a few weeks, publicly-traded companies will be releasing their second quarter financial reports and many of them figure to be absolute dumpster-diving material.
There's been a chart circulating recently showing the number of "zombie" corporations steadily increasing to a point at which nearly one in five US companies are insolvent. A zombie company is loosely defined as a business that has to borrow to survive and doesn’t make enough profit to cover the cost of its debt service. Simply put, these are companies being kept afloat by banks, or the Fed, or both. If it were possible to actually make sense of the books of large commercial banks like Wells Fargo (WFC), Bank of America (BAC) and Citibank (C) it's probable that the banks themselves would be zombies, underwater and headed to bankruptcy if not for the largesse afford them by the Federal Reserve.
The outcome from keeping zombie companies afloat is lower, slower growth in the overall economy. The Fed is actually exacerbating the effects of ultra-low interest rates and keeping insolvent companies alive with the most recent emergency measures that have the Federal Reserve buying debt from ETFs and corporate paper of individual (healthy and failing) companies. The Fed is also buying up municipal debt and may be positioning itself to fund states and cities that have deep budget deficits and buying individual stocks. Yes, the Fed may soon be buying stocks. And who said the markets weren't manipulated?
The bottom line is that we have a central bank producing counterfeit currency to buy assets offered by insolvent companies. Making matters worse, is that Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow believe the companies that have received bailouts or funding from the Cares Act should not be disclosed to the public. So, on top of it all, the underhanded workings of the government, the Fed and big business should be kept secret. Nice. Not.
Treasuries basically spent the week flopping around like a landed fish. The yield spread for the entire curve, from 1-month to 30 years ended at 1.31% on Friday, June 12. As of this past Friday (June 19) the spread was 1.34%. Some steepening, but not notable. The 10-year note ended the week one basis point lower than the previous Friday, at 0.70%.
The July futures contract for WTI crude oil closed at a three-month high Friday, at $39.75 a barrel. Like the stock market, oil prices have engaged in a V-shaped rebound, the bottom coming in mid-April when oil hit $11.57 a barrel. While there has been some demand recovery, there's still a worldwide overhang of supply. The price of oil, with almost a direct pathway to gas prices, is another manufactured number. Most US shale producers can't survive below $50 a barrel, much less $40. Thanks to renewables like solar, wind, and hydro-electric, the oil business is dying a slow death. There's abundant resources available, but inroads have been made by so-called "green energy", and efficiencies in newer vehicles are crimping the use of oil and distillates. In an economy on a slowing glide path, there's no good reason for oil prices to rise other than to support the ailing old companies that rely on pumping and consumer use of the greasy stuff.
In the precious metals space, both gold and silver were dumped in the futures market on Monday and then rallied over the course of the week. Silver, despite a generally positive end to the week, closed at the lowest week-ending price ($17.52) since May 11. Since the March 19 bottoming at $12 an ounce, the trend has been higher, though it's been a slow grind despite high demand, shortages, huge premiums, and shipping delays.
Gold was flattened to $1710.45 on Monday, but rebounded to the high of the week at the close of business in New York Friday, at $1734.75. Like silver, gold has been rangebound since mid-April, suggesting a breakout on the horizon, though it could go either way.
Here are the latest free market prices for select items on eBay (prices include shipping, which is often free):
Item: Low / High / Average / Median
1 oz silver coin: 26.50 / 39.90 / 31.52 / 31.12
1 oz silver bar: 24.75 / 46.00 / 31.35 / 28.70
1 oz gold coin: 1,803.85 / 1,963.52 / 1,875.30 / 1,865.36
1 oz gold bar: 1,780.00 / 1,852.38 / 1,833.92 / 1,840.45
Finally, Fearless Rick nailed the trifecta in the Belmont Stakes, making a public pick prior to the race for everyone. Such generosity! What a guy!
At the close, Friday, June 19, 2020:
Dow: 25,871.46, -208.64 (-0.80%)
NASDAQ: 9,946.12, +3.07 (+0.03%)
S&P 500: 3,097.74, -17.60 (-0.56%)
NYSE: 11,980.12, -92.48 (-0.77%)
For the Week:
Dow: +265.92 (+1.04%)
NASDAQ: +357.31 (+3.73%)
S&P 500: +56.43 (+1.86%)
NYSE: +112.95 (+0.95%)
On Friday, yet another clinical trial of hydroxychloroquine was halted, this time by the National Institutes of Health.
Citing that the drug has no ill effects on hospitalized patients - in opposition to previously unfounded claims that HCQ was dangerous - a data and safety monitoring board (DSMB) said the drug offered no benefit to hospitalized patients.
It's too bad that the mainstream medical authorities have to be so obviously stupid. HCQ is used as a preventative medicine. It helps the immune system fight off coronavirus, especially when used in a regular regimen with zinc and Azithromycin when asymptomatic or in early stages of infection as this study and many others have clearly shown.
Instead, the NIH, CDC, WHO and other "official" medical bodies refuse to release the proof of the effectiveness of hydroxychloroquine as what doctors call a prophylactic remedy, insisting that COVID-19 is a deadly disease and that billions must be spent in search of a vaccine, when they know a vaccine will likely never be developed.
These people, who first told the world that wearing a mask was a waste of time, then promoted the use of masks when it suited their purposes, should all be met with swift justice because it is they, not the virus, who are causing countless deaths that could have been saved if proper preventive measures had been taken. They, and the media which continues to promote COVID-19, lockdowns, quarantines, social distancing, absurdities like not allowing fans into sporting events, keeping restaurant customers six feet apart and other ridiculous notions should be tried for operating a criminal conspiracy.
Even this post, because it violates the dictatorial policy of Google, Twitter, or Facebook may be deemed conspiracy theory or in violation of their standards may be labeled with a warning or removed from public view.
The virus is a total scam. The rising cries of a coming "second wave" are nothing more than another attempt to scare people into rash behaviors using slanted statistics while playing on emotions. Places like Georgia, Texas, and Arizona have been cited as possible new hotspots for the virus, but the truth of the matter is that more testing has produced more cases, therefore increasing the daily bogus coronavirus counts. Additionally, all of the various tests have proven to show an abundance of false positives. Hospitalization and death statistics have been overstated since the beginning of the pandemic.
In other words, almost all of the data and scare-mongering from the media is bunk. Complete rubbish. Take off your masks and start living like a human being again. The chances of catching the virus are slim. It has mutated numerous times and most strains circulating are severe or deadly only to people over the age of 60 who have pre-existing health conditions or are obese, suffer from diabetes or heart disease. The general population is in no more danger from COVID-19 than from the common flu.
Get over it. Move on. Tell anybody who disagrees to take their opinions elsewhere. As it stands, there's no baseball this summer and there may not be football this fall. All this pandemic nonsense is about as important and vital as the BLM/Antifa protests. All of it needs to stop and the media is largely to blame for promoting false narratives.
The absurdities were on display at yesterday's Belmont Stakes, where no spectators were allowed into the sprawling Belmont Park facility and everybody on the grounds - except the horses - were required to wear masks. Even jockeys had to wear masks during the races. Please, somebody explain how a rider traveling at 25 to 40 miles per hour is going to catch the virus. It's as bad as the idiots who wear their masks while driving in their cars with the windows rolled up. Stupid. Banal. Idiotic. Is the world really populated by that many morons? If so, maybe the virus should relieve us of 30-40% of the population. More room for everybody. Happy days!
It's just all so annoying and stupid. This post was originally going to be about gold and silver, but the news of yet another HCQ trial being shut down changed those plans.
Go and check your local pharmacy or drug store or vitamin center. They're out of ZINC. Yeah, ZINC. Apparently, some people aren't buying the "we're all gonna die" narrative being shoved down the throats of the unsuspecting public. As the thrust of Money Daily posts over the past few days and weeks have been stressing, the media and government are doing you no good. You need to extricate yourself and your family from the clutches of creeping socialism and outright tyranny.
Let's get away from those who wish only to control everything and move forward to better lives. There is so much the word has to offer, having it ruined by a small minority of psychopathic monsters is a sin and an outrage.
Moving on to the markets and financial world from the week just past, stocks seem to have hit a stall space. The major indices, while all advancing for the week, have not recovered fully from the downdraft of Thursday, June 11. This week's gains were made mainly on Monday and Tuesday. Things slowed down in midweek and by Friday the bloom was off the rose once again.
Not to worry. There's a huge chance that the news will be cocked forward to produce a running start for the major averages and bourses around the world Monday morning. It's just how the Fed and the algorithm-pumping mechanisms operate these days. There's no market. There's no need to study charts or engage in fundamental analysis. Everything is fake, crooked, corrupted.
There is somewhat of a silver lining approaching for people who don't appreciate ever-rising stock prices when companies are showing dwindling profits or actually losing money, however. In a few weeks, publicly-traded companies will be releasing their second quarter financial reports and many of them figure to be absolute dumpster-diving material.
There's been a chart circulating recently showing the number of "zombie" corporations steadily increasing to a point at which nearly one in five US companies are insolvent. A zombie company is loosely defined as a business that has to borrow to survive and doesn’t make enough profit to cover the cost of its debt service. Simply put, these are companies being kept afloat by banks, or the Fed, or both. If it were possible to actually make sense of the books of large commercial banks like Wells Fargo (WFC), Bank of America (BAC) and Citibank (C) it's probable that the banks themselves would be zombies, underwater and headed to bankruptcy if not for the largesse afford them by the Federal Reserve.
The outcome from keeping zombie companies afloat is lower, slower growth in the overall economy. The Fed is actually exacerbating the effects of ultra-low interest rates and keeping insolvent companies alive with the most recent emergency measures that have the Federal Reserve buying debt from ETFs and corporate paper of individual (healthy and failing) companies. The Fed is also buying up municipal debt and may be positioning itself to fund states and cities that have deep budget deficits and buying individual stocks. Yes, the Fed may soon be buying stocks. And who said the markets weren't manipulated?
The bottom line is that we have a central bank producing counterfeit currency to buy assets offered by insolvent companies. Making matters worse, is that Treasury Secretary Steven Mnuchin and National Economic Council Director Larry Kudlow believe the companies that have received bailouts or funding from the Cares Act should not be disclosed to the public. So, on top of it all, the underhanded workings of the government, the Fed and big business should be kept secret. Nice. Not.
Treasuries basically spent the week flopping around like a landed fish. The yield spread for the entire curve, from 1-month to 30 years ended at 1.31% on Friday, June 12. As of this past Friday (June 19) the spread was 1.34%. Some steepening, but not notable. The 10-year note ended the week one basis point lower than the previous Friday, at 0.70%.
The July futures contract for WTI crude oil closed at a three-month high Friday, at $39.75 a barrel. Like the stock market, oil prices have engaged in a V-shaped rebound, the bottom coming in mid-April when oil hit $11.57 a barrel. While there has been some demand recovery, there's still a worldwide overhang of supply. The price of oil, with almost a direct pathway to gas prices, is another manufactured number. Most US shale producers can't survive below $50 a barrel, much less $40. Thanks to renewables like solar, wind, and hydro-electric, the oil business is dying a slow death. There's abundant resources available, but inroads have been made by so-called "green energy", and efficiencies in newer vehicles are crimping the use of oil and distillates. In an economy on a slowing glide path, there's no good reason for oil prices to rise other than to support the ailing old companies that rely on pumping and consumer use of the greasy stuff.
In the precious metals space, both gold and silver were dumped in the futures market on Monday and then rallied over the course of the week. Silver, despite a generally positive end to the week, closed at the lowest week-ending price ($17.52) since May 11. Since the March 19 bottoming at $12 an ounce, the trend has been higher, though it's been a slow grind despite high demand, shortages, huge premiums, and shipping delays.
Gold was flattened to $1710.45 on Monday, but rebounded to the high of the week at the close of business in New York Friday, at $1734.75. Like silver, gold has been rangebound since mid-April, suggesting a breakout on the horizon, though it could go either way.
Here are the latest free market prices for select items on eBay (prices include shipping, which is often free):
Item: Low / High / Average / Median
1 oz silver coin: 26.50 / 39.90 / 31.52 / 31.12
1 oz silver bar: 24.75 / 46.00 / 31.35 / 28.70
1 oz gold coin: 1,803.85 / 1,963.52 / 1,875.30 / 1,865.36
1 oz gold bar: 1,780.00 / 1,852.38 / 1,833.92 / 1,840.45
Finally, Fearless Rick nailed the trifecta in the Belmont Stakes, making a public pick prior to the race for everyone. Such generosity! What a guy!
At the close, Friday, June 19, 2020:
Dow: 25,871.46, -208.64 (-0.80%)
NASDAQ: 9,946.12, +3.07 (+0.03%)
S&P 500: 3,097.74, -17.60 (-0.56%)
NYSE: 11,980.12, -92.48 (-0.77%)
For the Week:
Dow: +265.92 (+1.04%)
NASDAQ: +357.31 (+3.73%)
S&P 500: +56.43 (+1.86%)
NYSE: +112.95 (+0.95%)
Friday, June 19, 2020
The Fifth Rail of Your Own Protest Movement and Freedom Is Solar Power
Thursday's post, How to Become Your Own Protest Movement, received very favorable responses and readership, as four ways to escape the tyranny of government were presented as Planting a Garden, Starting Your Own Business, Homeschooling, and Investing in Gold, Silver and Cash.
The cursory overview supplied plenty to expand upon, but with those four key components, overlooked was a key component to freedom, Becoming Your Own Energy Producer.
A brief overview of yesterday's fake, controlled, contrived, Fed-and-algo-induced markets will come at the end of this post, but let's take a look at the obvious energy source for independent thinkers, solar.
Solar power has been with us a long time. In 1979, President Jimmy Carter had 32 solar panels installed on the roof of the White House. They were used to supply hot water for the first family and White House cafeteria.
In 1986, President Reagan, not a fan of solar power, had them removed. But, in 2002, the Bush administration installed solar water heaters on the Cabana’s roof to heat the White House pool and more solar photovoltaic panels were also installed on the White House roof in 2014 and they remain in use today.
Over forty years have passed and solar technology has exceeded all expectations, to a point at which it is now on a par - or in some cases cheaper - than energy produced by traditional coal or natural gas power plants.
Single-family use of solar panels has been on the rise for years, and prices for photovoltaic panels are now approaching $1 per watt, which is pretty cheap, or for a 100-watt panel, about $100. A single 100-watt panel can produce nearly a kilowatt (1000 watts) of clean power per day, and many panels now work well even on cloudy days.
Solar panels will even produce a small amount of electricity on clear nights with a full or nearly full moon. There are even solar panels designed to be efficient at generating electricity from moonlight.
There are countless studies on solar and it's efficiency, all of them showing vast improvement from the early pioneering days of the 1970s.
Connecting to the power grid is also optional, though many advanced users are now powering their homes almost completely with solar and the amazing power of lithium-ion or lithium-polymer battery banks which can store the power produced by the panels and convert it from DC to AC.
Of course, as more people convert to at least partial solar power, governments and power companies have fought the trend with various tax bills, permitting, and penalties for people who generate their own power and, in 2016, congress extended the tax credit for solar installations, but the credit is reduced to 26% (from 30%) in 2020, and to 22% in 2021. After that, the credit will be 10%.
In addition to providing cheap, renewable power, solar panels and an operating inverter/battery system can increase the value of your home.
This topic cannot be sufficiently explained in one article. There are many varied uses and types of solar power available to consumers. Those will be covered in subsequent posts, but adding energy independence to your cache of freedom materials is a sure-fire way to thwart the unequal system of governance and economy the US and other countries have promoted.
Instead of everybody relying on one big power producer, solar offers a distributed system whereby individuals, families and businesses can produce their own power at very reasonable costs. The fluctuations of a voltage regulator attached to your own solar panels serves as a near-constant reminder that you are freeing yourself from the corrupt, slavish system.
As far as stocks are concerned, they were nearly flat on Thursday, but Friday being a quad-witching day, there's likely to be a pretty good lift via the algorithms and some Fed pumping.
Oil, which continues to stubbornly increase in price despite constant nibbling away of demand is currently testing $40 for WTI crude, a ridiculous number that should have everybody thinking electric cars powered by home solar panels. The price of oil will continue to rise as countries and industries dependent on pumping it from the ground refuse to face reality and cut production, limiting supply. The oil market is probably more crooked than stock markets and has little to do with actual supply (there's a huge glut) and demand (it continues to decline).
Oil should be $20 a barrel or less in the US, and gas at the pump should be approaching $1.25 a gallon. Instead, both prices continue to rise as oil companies and state and federal tax revenues are choking to death with lower prices. Expect major disturbances and disruptions in supply and price over the coming months and years as the world transitions away from oil.
Gold and silver continue rangebound as the manipulators suppress the price of precious metals over fears that they will replace their unbacked currencies.
Change must happen. Those who oppose change will be effected with severe consequences.
At the Close, Thursday, June 18, 2020:
Dow: 26,080.10, -39.50 (-0.15%)
NASDAQ: 9,943.05, +32.52 (+0.33%)
S&P 500: 3,115.34, +1.85 (+0.06%)
NYSE: 12,072.59, -13.91 (-0.12%)
The cursory overview supplied plenty to expand upon, but with those four key components, overlooked was a key component to freedom, Becoming Your Own Energy Producer.
A brief overview of yesterday's fake, controlled, contrived, Fed-and-algo-induced markets will come at the end of this post, but let's take a look at the obvious energy source for independent thinkers, solar.
Solar power has been with us a long time. In 1979, President Jimmy Carter had 32 solar panels installed on the roof of the White House. They were used to supply hot water for the first family and White House cafeteria.
In 1986, President Reagan, not a fan of solar power, had them removed. But, in 2002, the Bush administration installed solar water heaters on the Cabana’s roof to heat the White House pool and more solar photovoltaic panels were also installed on the White House roof in 2014 and they remain in use today.
Over forty years have passed and solar technology has exceeded all expectations, to a point at which it is now on a par - or in some cases cheaper - than energy produced by traditional coal or natural gas power plants.
Single-family use of solar panels has been on the rise for years, and prices for photovoltaic panels are now approaching $1 per watt, which is pretty cheap, or for a 100-watt panel, about $100. A single 100-watt panel can produce nearly a kilowatt (1000 watts) of clean power per day, and many panels now work well even on cloudy days.
Solar panels will even produce a small amount of electricity on clear nights with a full or nearly full moon. There are even solar panels designed to be efficient at generating electricity from moonlight.
There are countless studies on solar and it's efficiency, all of them showing vast improvement from the early pioneering days of the 1970s.
Connecting to the power grid is also optional, though many advanced users are now powering their homes almost completely with solar and the amazing power of lithium-ion or lithium-polymer battery banks which can store the power produced by the panels and convert it from DC to AC.
Of course, as more people convert to at least partial solar power, governments and power companies have fought the trend with various tax bills, permitting, and penalties for people who generate their own power and, in 2016, congress extended the tax credit for solar installations, but the credit is reduced to 26% (from 30%) in 2020, and to 22% in 2021. After that, the credit will be 10%.
In addition to providing cheap, renewable power, solar panels and an operating inverter/battery system can increase the value of your home.
This topic cannot be sufficiently explained in one article. There are many varied uses and types of solar power available to consumers. Those will be covered in subsequent posts, but adding energy independence to your cache of freedom materials is a sure-fire way to thwart the unequal system of governance and economy the US and other countries have promoted.
Instead of everybody relying on one big power producer, solar offers a distributed system whereby individuals, families and businesses can produce their own power at very reasonable costs. The fluctuations of a voltage regulator attached to your own solar panels serves as a near-constant reminder that you are freeing yourself from the corrupt, slavish system.
As far as stocks are concerned, they were nearly flat on Thursday, but Friday being a quad-witching day, there's likely to be a pretty good lift via the algorithms and some Fed pumping.
Oil, which continues to stubbornly increase in price despite constant nibbling away of demand is currently testing $40 for WTI crude, a ridiculous number that should have everybody thinking electric cars powered by home solar panels. The price of oil will continue to rise as countries and industries dependent on pumping it from the ground refuse to face reality and cut production, limiting supply. The oil market is probably more crooked than stock markets and has little to do with actual supply (there's a huge glut) and demand (it continues to decline).
Oil should be $20 a barrel or less in the US, and gas at the pump should be approaching $1.25 a gallon. Instead, both prices continue to rise as oil companies and state and federal tax revenues are choking to death with lower prices. Expect major disturbances and disruptions in supply and price over the coming months and years as the world transitions away from oil.
Gold and silver continue rangebound as the manipulators suppress the price of precious metals over fears that they will replace their unbacked currencies.
Change must happen. Those who oppose change will be effected with severe consequences.
At the Close, Thursday, June 18, 2020:
Dow: 26,080.10, -39.50 (-0.15%)
NASDAQ: 9,943.05, +32.52 (+0.33%)
S&P 500: 3,115.34, +1.85 (+0.06%)
NYSE: 12,072.59, -13.91 (-0.12%)
Thursday, June 18, 2020
How to Become Your Own Protest Movement
Albert Einstein once described insanity as "...doing the same thing over and over and expecting different results."
That would be applicable to describe voting in America. Every two years Americans have the opportunity to replace every inefficient member of congress in the House of Representatives. Instead, the voters in 435 congressional districts largely re-elect the same people who have done nothing for them - in some cases - for decades.
For the Senate, the term is six years. Incumbents often win re-election and since there are no term limits, many make careers out of their government "service," becoming inordinately wealthy (as do many House members) in the process.
Americans elect a president every four years, choosing between the choices made largely by Democrat and Republican party insiders. They come and go. Most of them are not effective leaders. The current one, Donald J. Trump, may have been different, but it seems that he too has been co-opted by the deep state that controls all of the federal government, and thus, most of the day-to-day lives of Americans.
The same applies to the governors of the fifty states, legislatures of same, county executives, mayors of cities, all the way down to your local code enforcement officers, police, and school teachers.
What congress and the president and every other elected official in the states and counties does matters. What matters more is what they don't do, and that is representing their constituents. Instead, members of the House and Senate are bought and paid for by lobbyists, industry insiders, political donors, corporate interests, and special interests. They haven't done much good for the American people in decades. Polls routinely show approval of congress in the teens. The teens! Less than one in five people of voting age approve of what congress does, so, the question one must ask is, why do we go along with their legislation? Why do we agree to their schemes, plans, rules and regulations like the hated Affordable Care Act, or the president's trade policies, wage rules, income taxes, pat-downs at airports, and all the rest?
Why? Because most Americans are either too brainwashed, too busy, or too self-absorbed to do any critical thinking of their own. The national public school system has been breeding ignorance, incompetence, and lack of responsibility for decades. Standards have been lowered so that students pass to the next level without any learning and certainly without learning how to engage in critical thinking. Everybody just goes along to get along.
Thus, America has become a nation of zombies, or sheep, led along by the nose to do what the elite in government expect. It has to change, because, as Einstein posited years ago, it's insanity. And, it's destroying the country and the society.
A movement is needed to change the structure and thrust of never-ending government. It does not have to be an organized effort like Black Lives Matter, or some pink initiative, or even have a Twitter hashtag. There are specific things anybody can do, on their own, to thwart the unrelenting intrusion of government into our lives and become your own protest movement.
Here, in no particular order, are just a few:
1. Plant a garden. Growing your own food not only saves you money and is healthier for you, it is liberating in a very real, earthy sense. Getting closer to nature, seeing seeds or small sprouts grow into thriving plants producing rich, delicious, nutritious tomatoes, peppers, cucumbers, squash, corn, and anything else you might desire is a rewarding, inspiring experience. Nothing tastes better than food you raised yourself. Besides being almost free, most of it is better than what you can purchase (at ever higher prices) from your local grocery.
Use heirloom seeds or seedlings whenever possible. Hybrids should be avoided because they are mostly GMO, provide little in the way of nutrition and don't taste as good as fruits and vegetables from heirloom sources. Other things you can do are raise chickens (farm fresh eggs are much better for you) or rabbits, or, for the truly adventurous, cattle or hogs. At the very least, buy produce direct from local farmers or farm markets.
2. Start your own business. Just because the government wants you to be a wage slave and work according to a set schedule for hourly wages that are inordinately insufficient and overtaxed doesn't mean you have to. Working for oneself is a challenging endeavor, but it doesn't have to be large scale. Start small. If you have to, keep your regular job and do your own thing on your own time. Do something you like. Make things or create services that people can use. In the beginning, you can sell at a small profit just to get the ball rolling.
There's nothing as thrilling or personally uplifting as getting paid for something you made on your own. Opportunities for small businesses are everywhere. Go to any department or dollar store and see the cheap junk made in China that people are buying. You'll find many items you can make and sell yourself. If you have a specific skill, all the better. Even mowing your neighbor's lawns or doing house-cleaning puts you in the status of a business owner. And, when you get paid, the money is all yours. You can choose whether or to to pay taxes and remit your "contributions" to the broken social security and medical systems the government routinely extracts from your paycheck.
Besides the obvious benefit of making your own way on your own terms, working your own hours, there are tax benefits galore for home businesses. You can write off expenses and reduce your overall tax burden. If you operate at a loss, it reduces the amount of tax you pay. If a local official tells you you need a license, file a lawsuit against them for restraint of trade. The lessons you'll learn about the court system will be invaluable.
3. Homeschool. Get your kids out of the public idiot factories. Public schools used to be pretty good, back in the 50s and 60s, maybe, in some districts, even into the 70s. Those days are long gone. The public schools of today are nothing more than indoctrination centers, gulags for adolescents. Children are forced to play by the rules, trained not to question authority, and expected to accept doctrinaire faux science as truth, without questioning. Kids are ridiculed for being smart, for being different, and the best students are routinely slowed down to match the median or common denominator. The goal of public education is to create generations of mindless drones who are easily coerced to do anything demanded by those in positions of power. Reject it. Take your kids out of the public schools and educate them yourselves or with your neighbors. Not only will your kids learn more, faster, but your own education will be enhanced. The internet is overflowing with ideas, lesson plans, and source materials for homeschoolers.
There's no reason to keep your children in public schools, especially now that they're mostly closed and operating remotely. Nobody needs a degree or certificate to get along in this country or this world. What's needed is education and skills. You can teach them as well as any self-serving, overpaid public school teacher. And your kids can learn better, learn to ask probing questions, learn how to think critically.
4. Escape the Currency Cabal. The currency (Most people call our Federal Reserve Notes - those paper things with pictures of presidents on them - money, but it's not. It's currency.) we use in America is not even constitutionally-sanctioned. According to the US constitution, only gold and silver are money in America. Being that it's currently impractical to abandon the accepted Federal Reserve Notes currency completely, at least educate yourself on the workings of money and currency. A good place to start is at the website of Mike Maloney, goldsilver.com. There's a wealth of information there.
If you don't own any gold or silver, get some. You don't have to spend a fortune. For less than $50 you can hold in your hands real money in the form of silver coins or bars, or what's referred to as "junk silver", coins that were in circulation prior to 1965 that contain 90% silver. You can buy gold and/or silver (gold is much more expensive, and silver offers better investment potential) from dealers across the country or right in your town or city. The best marketplace online is at eBay. There, you will find everything from one ounce silver coins and bars to massive bars of gold. It's almost a guarantee that once you hold real gold or silver in your hands, you'll want more of it and less of the fake, fiat currency that is widely in use today and is bound to buy less tomorrow than it is today.
It also wouldn't be a bad idea to horde some cash for emergencies or "out of the system" purchases. Governments hate actual, physical cash. They can't track it or you. Cash, gold, silver and the secret weapon, barter, renders their desire for control over you useless.
These are probably the top four ways to escape the clutches of over-reaching government control. There are many more. Since the financial system is hopelessly broken and controlled by computer algorithms, big banks and the Federal Reserve, it's almost pointless to focus on those markets. Instead, Money Daily hopes to delve into more ways in which regular, honest Americans can become their own protest movement and really make changes for a better America and a better world.
At the Close, Wednesday, June 17, 2020:
Dow: 26,119.61, -170.37 (-0.65%)
NASDAQ: 9,910.53, +14.66 (+0.15%)
S&P 500: 3,113.49, -11.25 (-0.36%)
NYSE: 12,086.49, -74.99 (-0.62%)
That would be applicable to describe voting in America. Every two years Americans have the opportunity to replace every inefficient member of congress in the House of Representatives. Instead, the voters in 435 congressional districts largely re-elect the same people who have done nothing for them - in some cases - for decades.
For the Senate, the term is six years. Incumbents often win re-election and since there are no term limits, many make careers out of their government "service," becoming inordinately wealthy (as do many House members) in the process.
Americans elect a president every four years, choosing between the choices made largely by Democrat and Republican party insiders. They come and go. Most of them are not effective leaders. The current one, Donald J. Trump, may have been different, but it seems that he too has been co-opted by the deep state that controls all of the federal government, and thus, most of the day-to-day lives of Americans.
The same applies to the governors of the fifty states, legislatures of same, county executives, mayors of cities, all the way down to your local code enforcement officers, police, and school teachers.
What congress and the president and every other elected official in the states and counties does matters. What matters more is what they don't do, and that is representing their constituents. Instead, members of the House and Senate are bought and paid for by lobbyists, industry insiders, political donors, corporate interests, and special interests. They haven't done much good for the American people in decades. Polls routinely show approval of congress in the teens. The teens! Less than one in five people of voting age approve of what congress does, so, the question one must ask is, why do we go along with their legislation? Why do we agree to their schemes, plans, rules and regulations like the hated Affordable Care Act, or the president's trade policies, wage rules, income taxes, pat-downs at airports, and all the rest?
Why? Because most Americans are either too brainwashed, too busy, or too self-absorbed to do any critical thinking of their own. The national public school system has been breeding ignorance, incompetence, and lack of responsibility for decades. Standards have been lowered so that students pass to the next level without any learning and certainly without learning how to engage in critical thinking. Everybody just goes along to get along.
Thus, America has become a nation of zombies, or sheep, led along by the nose to do what the elite in government expect. It has to change, because, as Einstein posited years ago, it's insanity. And, it's destroying the country and the society.
A movement is needed to change the structure and thrust of never-ending government. It does not have to be an organized effort like Black Lives Matter, or some pink initiative, or even have a Twitter hashtag. There are specific things anybody can do, on their own, to thwart the unrelenting intrusion of government into our lives and become your own protest movement.
Here, in no particular order, are just a few:
1. Plant a garden. Growing your own food not only saves you money and is healthier for you, it is liberating in a very real, earthy sense. Getting closer to nature, seeing seeds or small sprouts grow into thriving plants producing rich, delicious, nutritious tomatoes, peppers, cucumbers, squash, corn, and anything else you might desire is a rewarding, inspiring experience. Nothing tastes better than food you raised yourself. Besides being almost free, most of it is better than what you can purchase (at ever higher prices) from your local grocery.
Use heirloom seeds or seedlings whenever possible. Hybrids should be avoided because they are mostly GMO, provide little in the way of nutrition and don't taste as good as fruits and vegetables from heirloom sources. Other things you can do are raise chickens (farm fresh eggs are much better for you) or rabbits, or, for the truly adventurous, cattle or hogs. At the very least, buy produce direct from local farmers or farm markets.
2. Start your own business. Just because the government wants you to be a wage slave and work according to a set schedule for hourly wages that are inordinately insufficient and overtaxed doesn't mean you have to. Working for oneself is a challenging endeavor, but it doesn't have to be large scale. Start small. If you have to, keep your regular job and do your own thing on your own time. Do something you like. Make things or create services that people can use. In the beginning, you can sell at a small profit just to get the ball rolling.
There's nothing as thrilling or personally uplifting as getting paid for something you made on your own. Opportunities for small businesses are everywhere. Go to any department or dollar store and see the cheap junk made in China that people are buying. You'll find many items you can make and sell yourself. If you have a specific skill, all the better. Even mowing your neighbor's lawns or doing house-cleaning puts you in the status of a business owner. And, when you get paid, the money is all yours. You can choose whether or to to pay taxes and remit your "contributions" to the broken social security and medical systems the government routinely extracts from your paycheck.
Besides the obvious benefit of making your own way on your own terms, working your own hours, there are tax benefits galore for home businesses. You can write off expenses and reduce your overall tax burden. If you operate at a loss, it reduces the amount of tax you pay. If a local official tells you you need a license, file a lawsuit against them for restraint of trade. The lessons you'll learn about the court system will be invaluable.
3. Homeschool. Get your kids out of the public idiot factories. Public schools used to be pretty good, back in the 50s and 60s, maybe, in some districts, even into the 70s. Those days are long gone. The public schools of today are nothing more than indoctrination centers, gulags for adolescents. Children are forced to play by the rules, trained not to question authority, and expected to accept doctrinaire faux science as truth, without questioning. Kids are ridiculed for being smart, for being different, and the best students are routinely slowed down to match the median or common denominator. The goal of public education is to create generations of mindless drones who are easily coerced to do anything demanded by those in positions of power. Reject it. Take your kids out of the public schools and educate them yourselves or with your neighbors. Not only will your kids learn more, faster, but your own education will be enhanced. The internet is overflowing with ideas, lesson plans, and source materials for homeschoolers.
There's no reason to keep your children in public schools, especially now that they're mostly closed and operating remotely. Nobody needs a degree or certificate to get along in this country or this world. What's needed is education and skills. You can teach them as well as any self-serving, overpaid public school teacher. And your kids can learn better, learn to ask probing questions, learn how to think critically.
4. Escape the Currency Cabal. The currency (Most people call our Federal Reserve Notes - those paper things with pictures of presidents on them - money, but it's not. It's currency.) we use in America is not even constitutionally-sanctioned. According to the US constitution, only gold and silver are money in America. Being that it's currently impractical to abandon the accepted Federal Reserve Notes currency completely, at least educate yourself on the workings of money and currency. A good place to start is at the website of Mike Maloney, goldsilver.com. There's a wealth of information there.
If you don't own any gold or silver, get some. You don't have to spend a fortune. For less than $50 you can hold in your hands real money in the form of silver coins or bars, or what's referred to as "junk silver", coins that were in circulation prior to 1965 that contain 90% silver. You can buy gold and/or silver (gold is much more expensive, and silver offers better investment potential) from dealers across the country or right in your town or city. The best marketplace online is at eBay. There, you will find everything from one ounce silver coins and bars to massive bars of gold. It's almost a guarantee that once you hold real gold or silver in your hands, you'll want more of it and less of the fake, fiat currency that is widely in use today and is bound to buy less tomorrow than it is today.
It also wouldn't be a bad idea to horde some cash for emergencies or "out of the system" purchases. Governments hate actual, physical cash. They can't track it or you. Cash, gold, silver and the secret weapon, barter, renders their desire for control over you useless.
These are probably the top four ways to escape the clutches of over-reaching government control. There are many more. Since the financial system is hopelessly broken and controlled by computer algorithms, big banks and the Federal Reserve, it's almost pointless to focus on those markets. Instead, Money Daily hopes to delve into more ways in which regular, honest Americans can become their own protest movement and really make changes for a better America and a better world.
At the Close, Wednesday, June 17, 2020:
Dow: 26,119.61, -170.37 (-0.65%)
NASDAQ: 9,910.53, +14.66 (+0.15%)
S&P 500: 3,113.49, -11.25 (-0.36%)
NYSE: 12,086.49, -74.99 (-0.62%)
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