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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 Howard Ruff
May 19, 2010
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There are several things that you need to expect soon and make plans for.  You have nothing to fear if you are aware and prepared.

  1. The economy will not recover for years to come, if ever.
  2. Inflation is baked in the cake.  It will start to rise before the end of this year.
  3. Food prices will go up.  Storing food is now a necessity, not a luxury.  (See our Recommended Vendors on the website – www.rufftimes.com.)
  4. The Obama free-market mask will be dropped and his socialist views will become more obvious.
  5. There will be no off-shore oil or gas drilling, and we will become more dependent on foreign oil.
  6. Gold and silver prices will go through the ceiling.
  7. Silver will out-perform gold by at least two to one.
  8. The stock market will collapse.
  9. The housing crisis will continue and prices will bottom out somewhere below the levels before the last bubble inflated.
  10. The money-hungry government will go after your wealth in your 401-ks and IRAs.
  11. Taxes will rise.
  12. ObamaCare will affect our friends and families in ways that will try our souls.

Let Me Elaborate

I expect the economy not to recover for years to come because they will increase taxes which will depress the economy, and they are practicing Keynesian Economics, which has been disproven over the years, especially during the Reagan years.  The spending only enhances inflation.

Inflation will rise probably before the end of the year (although I may be off a bit in my timetable.)  It takes time for all the money they have printed to get into circulation when the banks finally figure out they can make more money lending out the trillions the government has given them than depositing it in the Federal Reserve and profiting from the interest.  Money has to be in circulation in order to cause inflation, and that will happen later this year.

I am interest in more than just food prices.  The price of everything will go up.  Perhaps I should have expressed in #3 that commodity prices will go up.  Store food, of course, but also store commodities that you buy and use on a regular basics, such as soap, toilet paper, batteries, etc.

Obama has pretended to believe I free markets.  That is not true and soon he will stop the pretense of being a free-market man and his socialist views will be exposed.

The catastrophe on the oil rig in the Gulf of Mexico has pretty much panicked Congress and the President into stopping off-shore drilling.  There is plenty of oil underground in Montana and Wyoming, but the government continues to ignore it.

Gold and silver prices have been artificially depressed.  Like an over-stretched rubber band, it will react.    I expect this year to be a banner year for them.  I like silver better than gold.  The market for silver will be so much greater because it is cheap compared to gold.  Gold is like having $100 bills, and silver is like having small change.

The stock market will collapse because Socialism is always bad for the stock market – always has been; always will be.  What we have seen recently is simply a harbinger.

The real paranoia that will materialize is that this government wants money really bad.  The untapped capital is your savings in 401Ks and IRAs.  Ten percent of your capital will be replaced with government bonds with guaranteed interest.  It will simply be a way for the government to rob you.

The biggest question marks are around ObamaCare.  We know ObamaCare will drive up the costs of medical care, destroy the medical-insurance industry, and result in medical care becoming a government monopoly.  Rationing will be the word of the day.

The special victims will be old guys like me because the government will simply do a cost analysis and decide that it is not worth it to spend a lot of money on heart problems or chemotherapy.  They will simply give me a pill and end-of-life counseling.

This may sound contrary to my article on opt9imism.  But you can face any troubles that come your way if you are properly prepared.