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Jim Cook

 

RUNAWAY SOCIAL SYMPATHY

Every once in a while I switch the TV channel from Fox to CNBC to see what the liberals are saying.  After listening awhile I get a deep sense of hopelessness and foreboding for our country.  The most important thing for the left is giving money to people.  They are happy to see the growth of food stamps, disability payments, housing subsidies, free healthcare and all the other welfare benefits.  They utterly fail to see the damage it is doing to the recipients.  Whole cities that once flourished have deteriorated into rotting eyesores populated with shambling hulks of chemically dependent drones.  These people are no longer employable.  They have become incompetent and helpless and the liberals can’t see that it’s their doing.

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The Best of Jim Cook Archive

 
Best of Aubie Baltin
March 20, 2012
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We are now in the middle of the most important presidential elections in our country's history. If we either move or even stay LEFT, the USA will turn into another Socialist (European Fascist) State. (Don’t think it can’t happen here).  In 1934, pre-war Germany was the most advanced and civilized country in history.  So what happened?  If we turn RIGHT, we may have a chance to reverse the direction that this country has been going in for the last 75 years. Margret Thatcher said it all, “The trouble with Socialism is that eventually the country runs out of other people’s money.” The USA is rapidly
approaching that time.

We are now $15.5 trillion in debt and it is growing at a rate of $1.5 to $2 trillion a year as far as the eye can see.  That does not include the $55 trillion of unfunded entitlement obligations that are also growing at least at the rate of inflation. Whether it's supporting the individual mandates so central to "Obama-Care," absorbing $1.6 trillion from Freddie and Fanny to keep the housing market barely afloat, or voting for the largest expansion of entitlement spending since President Lyndon Johnson; when push comes to shove, The Laws of Nature tells us that it can’t go on indefinitely and it won’t. We are about to hit that Brick Wall (Europe is the precursor) and that could quite possibly
happen before November, despite the FED’s best efforts.  That’s when the solvent countries of the world will no longer buy our debt while pushing to replace the US Dollar as the world’s reserve currency.

For the time being, the focus is now on Europe.  Once that charade is over, the current prevailing, record high American euphoria will come crashing down along with both the
Stock and Bond Markets as reality finally sets in (probably not before the markets breakout to new ALL TIME RECORD HIGHS above 14,200).
 
From here on out, we will be looking for shorting opportunities on the one hand as well as buying opportunities  in gold and silver and their securities on the other hand brought on by MANIPULATED drops in the price of gold and silver, every time there is some good news and the markets hit new highs. My long term projections are still $6,250 gold and $250 - $350 silver by 2017. Continue to accumulate gold on $50 to $100 selloffs.

With our nation now swimming in debt, most Americans understand we must change course - and fast - or our children and grandchildren may never know the freedom and prosperity intended for us by our Founding Fathers who, with God’s help, had the WISDOM of setting up a Constitution based on the principles outlined in the Bible and Free Market Capitalism. It specifically limited the power of the Central Government.  Instead, it relied on and provided for Individual Liberty and Responsibility. Only Free Markets and FREE People can continually prosper over time and spread prosperity all over the world.

The Pilgrims learned that lesson the hard way.  It only took them 3 years to figure it out because they only had the Indians to feed them through their first 3 years of Communism. They had no choice they had to learn as they ran out of other people’s
money.