New American civil war? - Russia Today

The US and all other countries are at an incredibly dangerous time.  Everyone hates everyone.  False accusations fly back and forth right now between many parties, many of them simply inflammatory and ludicrous.  People are angry at everyone and everything from blackface Halloween costumes to respect for the symbols of American (flag and anthem).  Politicians on the left and the right hurl insults like they were candy.

ALL of this was predicted well in advance in these pages.  In this post from June of 2011 I wrote, "To recap, society is nothing more than people working and living together for the common good.  Sound money is required in order to retain the basic fairness principle of economics which is that if you work hard to produce something of value that you are the beneficiary of the fruits of your labor.  When this principle breaks down then society breaks down because people begin to believe that they would be better off on their own.  When government comes in with a dishonest money system, there have to be winners and losers.  Government picks the winners based on those who support the reelection and funding of government and everyone else is a loser in the deal.  The end result is a breakdown in societal mores, civil unrest and in extreme cases civil war and the breakdown of the federation.".


Back then this seemed like wild talk.  Today, not so much.  In fact, Russia Today wonders if the new American civil hasn't already begun.

It's really been very crazy out there with politicians advocating violence on their opponents, Rand Paul getting his ribs broken by his crazed liberal dem neighbor, GOP senators getting shot up while playing baseball, and now a drive by shooting of the Fl GOP offices.  People are losing their fear of the law because, let's face it, the cops are only hours away when seconds count.  They are useless in 95% of all real life emergency situations.


Yes, it's all going nuts out there and everyone wants to talk about the symptoms as if any of those low level reasons can account for the madness that has engulfed the herd.  For those of you who have not lost your heads to emotional infighting, remember what I told you long ago: people do not know why they are angry.  They say they know but they don't.  The real reason for their anger is that they accepted mammon money in exchange for their labor.  Those with commodity skills (i.e. joe sixpack) work their asses off yet can never own a house because housing is too expensive.  They drive crappy cars.  They live hand to mouth and prices at the grocery store are on the way up.  They just keep getting squeezed and they don't understand the mechanics of it.  Worse yet, there is so much nonsensical noise that the truth cannot make it out of the few who do know what they are talking about to make any difference.


We are very near the point where reason and logic no longer have a place in the social interaction.  This is not going to be a happy time.  Many people will die in the fighting.  Hopefully my readers have paid attention to the truths I have been sharing all this time.


We ain't seen bad yet but the ground is rumbling and it's damned sure coming.

Everyone else is now seeing the obvious about General Electric [GE].

I have been very vocal in these pages for years stating to me what was obvious and to everyone else what sounded ludicrous: GE is a microcosm of the Global Debt Ponzi which will eventually BK or be broken up to avoid an even more damaging BK event.  Back when I was writing these seemingly crazy things, people scoffed at me.  That's because they themselves have no understanding of anything EXCEPT that someone on TV must know more than anyone else.  In other words, they foolishly outsourced their critical thinking skills to a third party so that they would not have to exercise their own brains or in any way stand apart from the herd.

I very clearly stated that all of the financial division sales that GE has done over the last 8 years would eventually expose its soft underbelly.  GE, I explained, was nothing but a massive vendor finance scam.  It "sold" goods to customers by allowing them to buy on credit which GE supplied to them at less than market interest rates in order to win the business.  GE would in turn take on debt in order to fund these loans.  So GE has, for decades now, been nothing more than a front for subprime debt.

I also believe and have stated in these pages in posts like this one that all the asset sales by GE were quietly being forced upon them by the federal reserve using its new powers to unwind "SIFIs" (Systemically Important Financial Institutions).

Well, suddenly I am not alone.  Now that the tide has gone out even people on Seeking Alpha, who are generally late to the game because they wait until the truth is obvious before saying anything, are writing negative things about GE.  After pages of data, the author finally concludes that "I see GE Capital assets as a major area of risk that could lead to asset impairments as GE Capital continues to be wound down.".  Where were these people many years ago as I was predicting all of this would happen?

All talk of broad based gun confiscation is a joke.

While I appreciate the notion that we must be vigilant about our government-acknowledged "rights" such as the right to keep and bear (which means carry even today as it did back then), I'm also realistic about the ability of the non-gun crowd thinking they can disarm the peaceful gun crowd.  It will never happen.  The only reason the anti - gun people even get to talk AT ALL is due to the generally conservative, sharing nature of the gun crowd.


Imagine you are back in the old wild west.  The gun carrying, self sufficient crowd is in the saloon and the NYC dandy waltzes in, completely unarmed, with a piece of paper saying everyone has to put their guns on the table and walk away.  How do you think that ends?  Best case, the dandy receives a stiff beating.  Worse case, the coroner has weekend duty.


OK OK, this isn't the wild west. We are all more civilized now, right?  Well, that is debatable.  I think we are less civilized and by a wide margin.  The proof abounds but I can tell you that back in the 1800s no man would EVER get up in some woman's face and tell her that her husband who perished in some kind of disaster is rotting in Hell.  Yet that and more is happening every day right now.


Very reasonable arguments have been made for why guns result in people being more civil.  But I'm not here to advocate for gun "rights".  I'm here to tell anyone who is foolish enough to think that they can bully me or threaten me or use any other tactics into giving up my guns.  Anyone who sends me a slip of paper telling me to turn my guns in will be ignored.  And anyone who tries to come in person to force me to do it will be treated to the same weapons-drawn force that they are using on me. 


So it really doesn't matter what anyone else thinks, says or does.  The whole debate is moot.  The gun grabbers can go ahead and rant and rave all they want.  And while they do I am ensuring that my firearms are in meticulous order and that I remain proficient in their use.  If someone wants to take them, I say come and take them if they can.  But I will not be disarmed and then forced to flee my country simply because I didn't want to fight to keep what's mine.  That is how refuge nations are born.  Look at all refugee nations and you will see nothing but a disarmed populace.  Coincidence?Really??

Be greedy when others are fearful [LEN]

Lennar longs, it is well documented in my paid subscribers blog that my Elliott wave model told people to get out of this ticker at the exact peak of orange 2.  It has been a bruising 12 months and now fear is everywhere.

But while everyone else is freaking out, I'm telling my subscribers to look for a bottom within the circled area of the model chart below.  This is specific, actionable intel that comes with bailout triggers. I will tell traders exactly when to buy, why the model says it should be bought, and what to look for in selling targets.  If you are a buy and hold person, you just learned why that is not a very good methodology.  You just lost 40% of your equity.  This is not what smart people do, but most people don't know what else to do so they just buy and hold.

If you want to know more on the likely future of the Lennar chart or more about how Elliott waves can help you time entry and exit points in the market, click the subscribe link above.