Social Justice, Prosperity, And Precious Metals
A question may go through the minds of some readers as they read many of the articles written by this “precious metals commentator.” That question is one of relevance. Why should readers or investors who are interested in precious metals want to read about “politics,” geopolitical events, or even social justice issues?
We need to know about politics in order to be aware of the rapid and alarming deterioration of our personal and property security. As individuals, our “rights” have been gutted by new fascist laws. These laws attempt to supersede our constitutions and are thus null and void. The problem is that we are governed by corrupt regimes who no longer recognize the Rule of Law and thus the supremacy of our own constitutions.
When Baupost, the $30 billion Boston-based hedge fund now managed by Seth Klarman, was founded in 1982, it was launched with a core set of aims. Q4 2021 hedge fund letters, conferences and more Established by Harvard professor William Poorvu and a group of four other founding families, including Klarman, the group aimed to compound Read More
In turn, this type of governance deprives us of our property security. A financial crime syndicate is now allowed to serially steal all wealth we have in paper form by deliberately manufacturing a double-digit rate of “inflation” while our governments deny this inflation exists. This rate of inflation is, literally, the rate at which this crime syndicate steals all our paper wealth via the corrupted power of the printing press.
Give me control of a nation’s money, and I care not who makes the laws. – Mayer Amschel Rothschild (1744 – 1812)
In the absence of the gold standard, there is no way to prevent confiscation of savings through inflation. – Alan Greenspan (1966)
Not content with this serial rate of theft; the banksters have now gone well beyond this level of criminality. With “the bail-in,” some of these financial criminals now claim the right to steal any paper asset, of any type, from any kind of paper account . In turn, our puppet governments have meekly acknowledged their intent to rubber-stamp the lawless confiscation of private property by these so-called “banks.”
The “geopolitical events” occurring in the world, such as the shams and half-truths presented by corporate media, are the pretext used by our corrupt governments for devolving our societies and economies still further. Therefore, we need to learn about developments here in order to properly understand our level of economic peril and in turn our level of economic need for history’s ultimate safe havens .
But who cares about “social justice” or even economic justice? It’s the New Normal now and we can’t afford to become fixated on such concerns because we all have to focus on just taking care of ourselves.
United we stand, divided we fall. These are much more than mere words. We are a communal species. Our own prosperity as individuals (and perhaps even our own survival) hinges upon the health of our communities. In our modern societies, this means the health of our nations, our provinces or states, and our municipalities.
For those who reject this mantra, try packing up, heading out into the wilderness, and “living off the land” for just one week. In Canada, there is no shortage of wilderness but you might want to wait until summer before asserting your “independence.” Except for a microscopic minority of hard-core survivalists, we need healthy societies and that means healthy governments as a framework for these societies.
In turn, the three levels of government are entirely dependent upon our tax dollars in order to provide even a minimum of necessary services. But the increasingly impoverished masses produce fewer and fewer tax dollars, while corrupted regimes refuse to tax the growing hoards of stolen wealth accumulated by the Oligarch Trillionaires , via their “banks.” The result is capitalist economies that are literally starved of capital.
An imbalance between rich and poor is the oldest and most fatal ailment of all republics. – Plutarch (46 – 120 CE)
Two thousand years ago, it was already “old news” that wealth inequality destroys not merely communities but also nations. Yet few of the “modern thinkers” in the 21 st century can manage to grasp one of history’s oldest lessons.
There is an obvious alternative to our fatten-the-Rich and starve-the-Poor insanity: Iceland. In the Corrupt West, puppet governments sacrificed the System in order to “save the banks,” which means paying the trillions of dollars in extortion demanded by the oligarchs’ crime syndicate, in perpetuity. In Iceland, an honest government sacrificed the banks and saved the System.
The results speak for themselves. By preserving its social safety net, and purging most elements of this financial crime syndicate from its economy, Iceland has the most prosperous economy in the Western world. Even the IMF was forced to acknowledge this in its economic “report” on Iceland, while simultaneously this tool of the bankers was ramming more ludicrous Austerity down the throat of twice-bankrupted Greece.
Having allowed our corrupt governments to erase our constitutions, shred our social safety-net, and destroy our economies; we must now face the consequences. Over the immediate term, meaning the permanent “crisis” which we have allowed our Overlords to impose upon us, (physical) precious metals represent our best and surest means of personal financial salvation.
However, this is not the point. As sane and responsible citizens (at least we used to be citizens), there are better uses for our time than learning the million-and-one reasons why we need precious metals in order to protect ourselves from our own puppet governments and the oligarchs pulling their strings. What sane and responsible citizens should be devoting their energies toward is eliminating our grave need to squirrel away large quantities of gold and silver in anticipation of a financial cataclysm that should never have been allowed to occur.
It is for all these reasons that we need to become educated about social justice, economic justice, and how and why we can never again have genuine prosperity unless and until we restore these concepts to our own lives and societies. It’s too late to salvage our debauched monetary system or our bankrupted economies. Debt Jubilee is now mathematically inevitable – and in the near future.
But what about after that? How do we end up with anything other than a repeat of what we have just experienced, unless people learn how we must rebuild our economies and societies out of the rubble being created by our Overlords?
Those who do not remember the past are condemned to repeat it. – George Santayana (1863 – 1952)
The only thing necessary for the triumph of Evil is for good men [and women] to do nothing. – Edmund Burke (1729 – 1797)
Again, these are more than just words. But how can we “remember the past” if we do not correctly understand it? How can we prevent “the triumph of Evil” if we do not correctly understand how to do good?
Will our corrupt governments tell us how to correctly and properly rebuild our societies, so we can return to the prosperity that we took for granted for generations? Will the corporate media tell us? Will the bankers?
If the people reading these commentaries don’t take personal responsibility now for learning from the mistakes of the present and remembering our previous recipe for prosperity, the future is certain. We will be dooming our children, grandchildren, and great-grandchildren to repeating the same cycle of corruption that we are living today.
If the Citizens of our societies do not take responsibility – today – for shaping our future, then by default the Oligarchs will do this themselves, through the army of paid lackeys they can fund with the wealth they have stolen from us over the last several decades.
Serfs or citizens? There is no middle ground. Prosperity always comes at a price and that price is vigilance. But such vigilance isn’t possible with populations who now have absolutely no idea as to how we restore our societies and economies. It’s impossible to detect when our leaders our doing something wrong, when we wouldn’t even recognize it if our governments were doing something right.
The recipe for prosperity (like most good recipes) is a relatively simple one. What must be re-learned, since it has been long forgotten, is that most of the “ingredients” of prosperity fall squarely under the categories of social justice and economic justice:
1) Minimize poverty ;
2) Restore high wages for the workers and moderate wages for management;
3) Eliminate structural unemployment ;
4) Eliminate corporate subsidies ;
5) Break-up the monopolies/oligopolies, and restore competition; and finally
6) Tax the hoards of (stolen) wealth of the very wealthy, via wealth taxation.
Each one of those subjects is much too complex to be explained in the form of some easily digestible, one-paragraph summary. However, every one of these subjects has been addressed before in one or more previous commentaries. For those readers who don’t have a sophisticated understanding of these issues (and their solutions), it is your responsibility to acquire such an understanding.
We collectively bear the responsibility for having allowed the devolution and financial degradation of our once-prosperous economies. We bear the responsibility for having allowed the devolution of our once free and just societies. Therefore, we bear the responsibility for fixing what we have broken and this requires taking the personal responsibility to educate ourselves.
The good news here is that, in most respects, such “education” comes in the form of simply re-learning and remembering how our governments, societies, and economies previously functioned – back when we enjoyed an abundance of both prosperity and liberty.
Do you remember the days of “powerful unions” and the wages they were able to command for all workers, both union and non-union? Two-car garages, low unemployment and one wage-earners could provide comfortably for an entire family. Weren’t those horrible times?
The function of a responsible precious metals commentator is not to preach only doom-and-gloom and to act as a cheerleader for higher precious metals prices. Rather, what all such commentators should strive for is the elimination of our need to accumulate gold and silver .
The best possible outcome for this writer, or any other person in this sector, is if there were no more need for “precious metals commentators.” This is because eliminating this niche implies two things: it implies that we would once again be living in societies with plenty of other employment and economic opportunities around us; and it also implies that we would not be living in a time of grave political and economic peril.
About Jeff Nielson
Jeff Nielson is co-founder and managing partner of Bullion Bulls Canada; a website which provides precious metals commentary, economic analysis, and mining information to readers/investors. Jeff originally came to the precious metals sector as an investor around the middle of last decade, but soon decided this was where he wanted to make the focus of his career. His website is www.bullionbullscanada.com.
Social Justice, Prosperity, And Precious Metals by Jeff Nielson, Sprott Money