Ilargi Meijer: Jackson Hole’s Deluded Groupthink Confirms “A Gigantic Financial Crisis Is Coming”

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Apart from a pesky inflation problem that none of them can get a grip on, they publicly maintain that they’re doing great, and they’re saving the planet (doing God’s work is already taken).

But the inflation problem lies in the fact that they don’t know what inflation is, and they’re just as knowledgeable when it comes to all other issues. They get sent tons of numbers and stats, and then compare these to their economic models. They don’t understand economics, and they’re not interested in trying to understand it. All they want is for the numbers to fit the models, and if they don’t, get different numbers.

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Dollars in Existence Point to Higher Silver Prices

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As of this writing, Silver is around $17.50 an ounce. That is roughly 34% of its all time high of $50. But, if you look at the Silver price, relative to US currency (the amount of actual US Dollars) in existence, then it is at the lowest level it has ever been.

The US monetary base basically reflects the total amount of US currency issued. Originally, this was backed by Gold available at the Treasury or Federal Reserve. This is not the case anymore. Therefore, the amount of Dollars have grown exponentially over the years.

The lower the price of Silver is (relative to the monetary base), the more the currency is debased. The Dollar is now at its most debased in over 100 years , relative to Silver (and Gold). With all the money printing the Federal Reserve has done over the years, the market will eventually seek an equilibrium, which means that Silver will spike in price, as it did in the late 1970’s.

So, in terms of US Dollars in existence, Silver is the bargain of the century. And, there are signs that point to the fact that Silver is about to correct that situation, by spiking much higher. Unfortunately, this will come with a lot of financial pain, since it will come with a massive debt collapse.

Recession is Coming! Recession is Coming!

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Everything goes in cycles. If we look back over our history, we find that about every 8-10 years we go into another recession. The last big recession was in 2008. But, I believe, that the one coming may prove to be even costlier than the one before.

Everyone has heard the phrase “Kicking the can down the road”. It has become synonymous with our elected officials. For the last 10 years they have been putting band aids on gaping wounds and then patting themselves on the back for keeping things from getting worse than they already were. But, we’ve reached the end of that road and there are no more band aids left in the box. So, instead of coming up with real solutions to the problems that “they created”, they’ve resorted to passing the blame. And, suddenly, it’s all President Trumps fault. Of course, forget that he was NEVER IN POLITICS!

“Oh, if only Hillary had been elected.”

From the Debt Ceiling to legislation of almost any kind, we have watched, in total disbelieve, as our government has become inadequate in being able to come together for the sake of this country and the people who elected them to represent us. But, what I find even more appalling, is the fact that these so-called representatives never feel the pain that they inflict on the rest of this country.

Have you ever heard one of them say “I don’t know how I’m going to be able to pay my bills this month” or ” My kids are going without food or clothing” How about “I may lose my house because I can’t pay my mortgage!”

We elected you to be our intermediaries. To go to Washington to represent our best interest (whether it’s our district or our state). Not to get rich off of our sweat and hard work.

I’m not going to say that your job is easy. I’m sure it isn’t. But, your “Divisiveness” and “Deplorable” rhetoric are tearing this country apart.

There are people in Washington who have no business representing anybody. They are nothing but attention seekers, and I’m not sure they even care what kind of attention they get. After all, they won’t have to feel the pain. But, we will. We always have. And when this next recession hits, a lot of us won’t have the luxury of being able to wait for a recovery. Assuming there is one.

Open Mouth-Insert Foot

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Mitch McConnell in just a few carefully constructed words, has explained to all of America, what is wrong with our Government and its so called “Leaders” that “We the People” put in there to represent us.

Mitch said and I quote “Our new President, of course, has not been in this line of work before. And I think he had excessive expectations about how quickly things happen in the Democratic process.”

REALLY? I think he is well aware of how things happen in the Democratic process, as all Americans are, which is why we put him (not you) in charge.

I want to make one thing perfectly clear: I am a Republican, NO WAIT! Scratch that. I am an American. And I have been waiting for what seems like a lifetime for the “Peoples” representatives, to do something other than inflict misery on the very people they profess to represent. If we approached our jobs with the same cavalier attitude that so many in congress approach theirs with: WE WOULD BE FIRED!

Boss to employee: “I need you to get this done ASAP!”

Employee to Boss: “Well, I think you have excessive expectations.”

Boss to employee: “Fine, I’ll get someone else to do it. You’re FIRED!”

For 8 long years, you, and everyone like you, told the People that if we gave you total control you would TAKE CARE OF BUSINESS. What a crock!

I have to wonder: Is it that you don’t know what you are doing? Or that you just don’t want to do it? Most of the Media (Left and Right) have been saying that if things don’t get done it will spell doom for the Republicans in 2018. They are both right and wrong. It doesn’t mean that we won’t vote, or that somehow we’ll vote Democrat. It means that those in the “Establishment Right” as well as those on the “Left” will be looking for new jobs, as we will replace them with someone who will get things done.

I have often said “If you want our Government to come up with a good solution to “ANYTHING” then make sure they have to follow the same rules they lay out for everyone else. NO EXCEPTIONS NANCY PELOSI!”

Our country is facing what could be a welcomed recovery, while at the same time, we are staring down the barrel of a loaded gun called “North Korea”. But, instead of coming together, the Media, the Progressive Left (or Socialist) of this country and the Establishment Right are spending all of their time pitting us against each other.

Whether it’s cries of “Racism”, “Islamophobia”, “Homophobia” or “Transphobia” (As a white man, I’ve been accused of so many phobias, I’m trying to get my doctor to put me in for disability. I’m obviously a very sick man and didn’t even know it) or what ever is the flavor of the week, we have allowed ourselves to be ridiculed to the point that we don’t even want to talk to each other, for fear of being labeled.

ENOUGH IS ENOUGH! If you want to keep your cushy little jobs, you better “GET TO WORK!!!”

Or would you rather have MAXINE WATERS RUNNING THINGS! “OH, GREAT! Now I’ve really made myself sick!”