Adding perspective to recent EWI marketing tease video.

I suggest you watch this short youtube video from Elliot Wave International.  Before you do, I will apologize in advance for the smarmy narrator, Bob Stokes.  The guy sounds like he is telling a bed time story to children.  I guess they think everyone out in the public is an idiot.  Or perhaps they are just playing the odds and in that case they would probably be right.

In any case, the video tells some truths which I want to make sure everyone understands fully.

1. There is an unprecedented "wealth gap" between the very rich and the rest of us.
2. Most of this "wealth" is paper wealth: accounting entries.  Yes some of these wealthy do trade their overpriced paper wealth in for hard assets like big houses, etc. but most of them keep their wealth in the system because they believe in the system.  Many of them make the mistake of chasing after art, much of it too new to even be notable, without understanding that when the money supply contracts art and diamonds will be the first things whose inflated values collapse.
3. Similar circumstances were in place in 1929 and the crash through '32 "redistributed" the wealth again. 

In truth, the wealth back then wasn't really redistributed as Stokes suggests.  That wealth was simply the bloated valuation of assets whose prices had been chased up by a rapidly expanding money supply.  The monetary base was not the big culprit back then just like it is not the big culprit today.  It was and is the credit portion of the money supply that created all of the asset value bubbles.  When the credit disappears so will the fake valuations of their stocks, their bonds, their mansions and everything else that is not a hard economic asset.

Since the rich were the main beneficiaries of the credit expansion (having gotten first and most access to credit early in the game through their corrupt connections with lawmakers and others in cahoots with the federal reserve), they will be the most affected when the credit collapses.  You think the humble work-a-day Mexican laborer is going to give a shit when the stock market collapses?  NOOOOOO!  They do real work for a living.  They build real things, hard assets.  Their needs are few and they live within their humble means.  They did not trade off the old social security net of a large family for the new, fraudulent, un-keepable promise of retirement age security guaranteed by government and paper assets.  The meek shall indeed inherit the Earth after the collapse.  The pump has benefited the rich and hurt the working classes.  The dump will dump for everyone but the workers will recover very rapidly and then the used-to-be-paper-rich can mow their own fucking lawns and fix their own fucking cars.  

Bottom line: fiat currency and especially fractional reserve credit are indeed, as I have written many, many times in these pages, essentially a naked shorting of human labor.  The collapse of the fraudulent money supply will be a short squeeze on the money elite who have been shorting us.  They need us a lot more than we need them.  This whole idea that working people will not be able to work without some monied elite overlord class to guide and direct us is fucking hogwash.  We don't need them at all!  We do all the work, they get all the benefit.  And then in order to quiet the workers, they increase inflation and raise minimum wages as if that fixes everything.  NO!  It just makes gas and milk $8 a gallon and a trip to burger king for lunch starts to be $18 out the door.

We need to get rid of the fake money supply in order to actually receive the buying power in our wages that we worked to earn.  This is the message that they really do not want us to understand.  How many people in the world do you think understand this?  One in 10000?   Precious few to be sure but this will not be the case much longer.  I'm watching for signs that the truth is spreading across the herd.  When it begins to do so, it will move literally like wild fire.  The people will not be happy about it when they finally wake from the slumber induced by the credit drug.  They will blame everyone else except themselves: Mark and Patsy, USA.