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Jim Cook



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


Condensed Articles

March 20, 2013

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By Brandon Smith

Whenever I endeavor to explain America’s current economic situation to a person who likely receives most of his information from skewed mainstream news sources, I try to use two comparisons; the Great Depression, and Weimar Germany, because what we are experiencing is actually a combination of elements from both events.  Some people, unfortunately, have little understanding of the Weimar hyperinflationary crisis, but at the very least, the imagery of the Great Depression is present in the minds of most Americans, if only through television and film.

When the Depression is mentioned, they begin to grasp the gravity of our fiscal disaster, or at least what I am trying to convey.  However, those slow on the draw almost always sneer at the validity of the threat.  After all, during the Great Depression, there were bank runs, endless soup kitchen lines, roving masses of dirty homeless drifters looking for employment, shanty towns, and desperation everywhere.  We’ve all seen the old black and white photos, and the America of today looks nothing similar…

We have shopping malls and imported fineries.  We have sports cars and HDTV and video games and iPads and Disneyland and pharmaceuticals in every color of the rainbow!  We have tract homes and gated communities and condos and beach houses and summer vacations and first-class flights and texting and nightclubs and lattes and credit cards!  When we turn on cable news, what do we see?   Progress!  Glorious progress!  All is in “recovery.”  All is as it was yesterday.  All is well…

For the average unaware citizen, as long as the commercials and fast food continue, there is nothing to be concerned about.  What they have overlooked is that in this country we have had for at least the past decade the illusion of prosperity, and nothing more.  Our modern citizenry looks back at the Great Depression and sees a deteriorating exterior that matched the true state of the interior crisis.  They look at today, and see a fresh, glimmering, glossy exterior that cleverly hides the rotting financial sinew underneath.  They do not grasp how today’s implosion could be worse than that of any crisis yet seen in our history while still maintaining a visual façade of working order.

The Federal Reserve has been injecting a very large percentage of its QE, or fiat stimulus, into the Dow in order to keep the market propped and seemingly prosperous.  This has been done by fueling international banks with capital and then allowing the institutions to flood stocks with purchase orders as well as direct interventions by the Fed itself.  The market must be kept inflated at all costs, because its success, no matter how artificial, is the only thing keeping our system from breaking apart.

Richard Fisher of the Dallas Federal Reserve, openly admitted in a recent interview that the central bank has “artificially sustained markets.”  The market is being manipulated in order to maintain a false sense of economic optimism and keep ignorant investors and consumers spending in the hopes that tomorrow will bring better tidings!  America’s financial and social systems only function today because of one thing – government spending.  The government is “officially” indebted in the amount of $16 trillion.  Unofficially, the number is closer to $120 trillion.

In the end, the madness of debt spending is going to annihilate this country anyway.  Fiat printing and infinite QE will eventually result in the dumping of our currency as the world reserve, causing devaluation and hyperstagflation.  Stimulus and the monetization of government liabilities are crippling us.  The problem is, this nation is irrevocably dependent on such measures.   I’ve been saying it since 2008 – there is no easy way out of this situation.  There is no silver bullet solution.  There will be struggle, and there will be consequence.  It is unavoidable.  All we have to decide now is how we will respond when the inevitable disaster comes.