“The world is pretending that everything is okay”

Greg Hunter on YouTube is among a cadre sounding the alarm that the United States financial system is on the verge of collapse (The World Is Venezuela). 10 years after The Global Financial Crisis (GFC), our “leaders” have continued to kick the can down the road. This cadre understands that this fiscal malfeasance can only result in one of two things, death by panic or death by hyperinflation. Harry Figgie, Jr wrote about this 25 years ago in his book, ‘Bankruptcy 1995’. He wasn’t wrong, he just couldn’t imagine the Federal Reserve could get away with not paying savers interest on their money by taking interest rates to zero.

When it happens, it will happen over the weekend. A nation always devalues its currency or replaces its fiat money “Friday to Monday”. No one will see it coming and take steps to prepare. The resulting actions by Congress will be a bilateral screw job. For at least a year they have been floating the idea of “negative interest rates”. What’s THAT may you ask? That’s where the government is so broke, instead of paying bank savings account holders for the use of their money, they will be charging you. They will be taking money from your account. Negative interest.

If you try and hold cash (put it under you mattress), you won’t be able to get it exchanged for the new currency. And! The exchange rate for that new currency will only be at 65% or so. It will most likely be a North American currency. Europe already has the Euro, and Asia is not far behind with their own. They will declare that the dollars you hold are now worthless, and you only have 30 days (if that) to exchange them. Most of this is the result of ignoring the Austrian School of Economics.

In the 1930’s the Chicago School of Economics won out with FDR’s mismanagement of The Great Depression. That is when gold was actually made illegal for individuals to hold, and silver certificate money was removed from circulation (“Never let a crisis go to waste”). That is when the very people who caused the depression, were handed the keys to our entire banking system, the Federal Reserve. The mismanagement of the dot com bubble in ’01 and the lowering of interest rates, actually caused the popping of the housing bubble in ’08.

Hayek said repeatedly that only a liar or a fool thinks they can manage a market. The only thing that can honestly manage a market is market forces. Not bankers who have a vested interest in manipulating the currency. What amazes me, even though I know the answer, is how can people not see this coming? We have a nation of idiots because of government education. Who thinks this can continue? We are insolvent. Names like Peter Schiff, Lou Dobbs, Ray Dalio are some of the others speaking truth.

If what is being predicted does indeed turn out to be a hard crash, and not a soft landing, there’s no where to run to, no where to hide. Even those who are holding actual gold will be surprised when it is declared to be illegal. Those holding “paper” gold in ETF’s will be manipulated just like the rest of the market. Holding food, water, firearms, gasoline and land will help. Washington always operates in crisis mode. Paralysis keeps them from seeing any crisis coming and doing anything to prevent it. They never see past the next election.

The bottom line is we were somehow able to manage these mountains of debt as long as interest rates were zero. Now though the Federal Reserve is having trouble funding the debt, and is having to raise interest rates to entice people to buy this debt. As interest rates begin to climb, the American people are about to learn the concept of “exponential growth”. What happens to a $21 trillion dollar debt when compound interest is applied to it. Its not sustainable. As hunter points out, if we were on honest money, a gold standard, gold would have to be at $87,000 dollars an ounce. Not $1,300. Throw in all our debt obligations and gold would be twice that, $174,000 dollars an ounce.

The stock market is on a tear in inflation adjusted pricing, not in inherent wealth. This is a house of cards. – Jim Roach

Author Danielle DiMartino Booth and her book, ‘Fed Up’


“Renowned gold and financial expert Jim Sinclair and financial writer Bill Holter get ready for the reset in the price of everything including gold and silver. Sinclair also says, “It’s going to be a Friday to Monday event. There is going to be an explosion, and the explosion is a change. It may blow your mind, but the explosion would not be three or four months or a year in upticks in these items (gold and silver prices). Oh, they are going to uptick. That’s for sure. The finality of this is going to be the reset. . . . It is going to be something entirely new that doesn’t exist now. It may be engineered and not happening by natural causes. . . .You need to know who President Trump is, what he is a master of and what tools he has used effectively as part of his business. It’s not “The Art of the Deal,” it’s the science of bankruptcy.”

“How bad is it going to get? Holter sums it all up when he says, “The world is Venezuela.” – from Greg Hunter 

Posted in Gold Stock Finances | Tagged , , , , , , , | Leave a comment

Attention young person!

Having recently achieved my curmudgeon badge, I thought I’d pass on some retirement advice earned from a lifetime of making every mistake in the book. Oh what they don’t teach you in school… The first rule is to not have any vices. Vices is another word for taking your money and lighting it on fire. Poof! It would be less damaging to the body to get rid of your money that way as opposed to drinking, smoking or drugs. Another expensive addiction is gambling or being a shopaholic, don’t do that.

If you don’t throw your money away, it can do wonderful things for you. Especially when you are 24. I wouldn’t begin to expect to reach the 18 – 23 year old. So let’s start at age 24. As Charlie Brown’s Lucy would say, “All I really want is real-estate!” You would be surprised what little difference there is between a rent payment and a house payment. People who want to build wealth buy a home (s). Yes the agent and the bank are going to take an insultingly large cut, but its still better than renting.

You want to buy some silver or gold when you’re young? Stash it away in a safe deposit box? Go for it, I wouldn’t kill yourself though. Precious metals are a good place to get ripped off. Keep it simple. When I was a young man in the late 70’s there were incredible savings vehicles in Certificates of Deposit and Series EE Savings Bonds. You could get 10% with a CD! 6% with a EE Bond! 100% safe! It was incredible! You can only begin to touch it nowadays (4% – 6%) if you have $10,000 to put down on certain Treasuries, Bonds and CDs, out of range for most people. Hell, a bank savings account back then would pay 3.5%!

The Federal Reserve had to take the prime rate down to 0% in the mid-90’s or they would have blown the roof off the national debt. The only reason you see interest rates start to tick up now is they want to put the kibosh on Trump’s roaring economy. No-risk 2% – 3% you can earn now only with large sums of money still has you losing to inflation. That leaves you with the stock market.

The stock market is nothing more than gambling. Its a crappy situation but you got to deal with the hand they give you. Even an employer like Starbucks, Best Buy or Walmart has some sort of 401K or SEP with matching funds I would imagine. The first rule is to put in the amount required to nab those matching funds, a guaranteed doubling of your money. If you don’t have that or if you have some extra money afterwards, there are Vanguard ETF’s (exchange traded funds) that you can get in a ROTH IRA! (ROTH being the better choice 99% of the time over a Traditional IRA.)

In the 70’s mutual funds were few and far between. Actively managed funds that couldn’t beat the market on their best day. Often with astronomical front end ‘loads’ and fees. Today there are very efficient index mutual funds with very low expense ratios of 1%. But guess what? Vanguard came up with ETFs with expense ratios of .05% ! Incredible, that makes a 7% return on a mutual fund the equivalent of an 8% return on an ETF! They have various charts where they show over 30 years that savings in expense ratios amounts to numbers like $30,000 dollars.

ETFs trade in real time like a stock so you’re not waiting for the overnight crapshoot to see at what price you purchased a mutual fund at. And with Vanguard, there are ZERO commissions or fees on trades of Vanguard ETFs! Its hard to believe they can do that when the other brokerage houses aren’t even close. No per trade commissions and the lowest expense ratio in the business with the pioneer in index funds. Can’t beat it. And if this wasn’t enough, you can get into it for $50 dollars a share in the Vanguard ETFs! Unbelievable!

Historically with mutual funds you had minimum investments of $2,500 to $10,000 dollars, very difficult for a lot of people. Now with a Vanguard ETF in a ROTH IRA you can get into it for $50 bucks a share with no tax consequences ever! Incredible. Even the most careless 24 year old can get started in this. That money working for him for 40 years would work out to exactly… well a lot of money!

The last key to investing is the classic “buy low, sell high”. Right now on Labor Day 2018 most of the market is at its 52 week highs. There are only a couple of funds a sane person would buy right now if he were just getting in. If he had been buying the dips all along, it would be fine to buy the peaks now. That’s the key: incremental investing over time. As long as you buy the lows, it will work out to buy the highs. Below are a ‘Top 10’ list of Vanguard ETFs by their ticker symbol that really stand out. Some with 1 year earnings of 30%, 35% and even 40%! – Jim Roach

  • VUG
  • VTWG
  • VHT
  • VBK
  • BND
  • VTI
  • VSS
  • VOO
  • VYM
  • BNDX





Posted in Gold Stock Finances | Tagged , | Leave a comment

It ain’t Norman Rockwell

Corporate agriculture lobbyist Iowa Farm Bureau runs these commercials of these ridiculous scenes where they pretend that white farmers who own the land also work it. Poppycock. Few families work the land anymore, they rent it out to sharecroppers. Or corporate entities in Toronto who actually own the land hire Mexicans at minimum wage to do the work. They each pay the Iowa Legislature and Congress to keep the subsidies and tax breaks coming.

Just as you can drive down a residential street and spot the rentals immediately, you can also do that in the Iowa countryside. Renter’s have no long term stake in the business or the land. They don’t care for the land or the buildings in anyway similar to the way the actual owner/operators of my youth did 50 years ago. Those guys worked 12 hours a day/365. Not 2 weeks in the spring and 2 weeks at harvest like the modern operation.

Nowadays they keep these dilapidated eyesore structures on the land for a tax write-off. Our tax structure is so screwed up these falling apart 0netime buildings are considered an “improvement” on the land. The old farmer would have died of embarrassment to have these unpainted and falling apart monstrosities on THEIR land. 50 years ago when the owners were the operators farms were most often pieces of beauty, the protestant work ethic and all that.

Nowadays these rural welfare queens hire illegals to boost the bottom line. It manifests itself throughout the community, dragging the schools down with no tax base and English as a second language requirements. Local hospitals are stressed with  emergency rooms flooded with illegals expecting routine care with no expectation to pay.

Welfare rolls and subsidized housing are maxed out from these low wage workers. And when the only requirement is to pay the lowest wage possible, unsavory types who murder young women like Mollie Tibbetts are brought in. You can spot that by seeing where new jail referendums are put on the ballot. They match out with where big poultry facilities and packing plants are. Crime goes through the roof.

Corporate ag don’t care, their only goal is to milk the land and go. Iowans and the future be damned. – Jim Roach

Posted in Gold Stock Finances | Tagged , | Leave a comment

Political crossdressing

One of the greatest political crossdressers of all-time (if not the greatest) was Representative Jim Leach of Iowa. He made his living for 30 years masquerading as a Republican. He always held a conservative ranking of less than 25 (out of a 100 scale). But by God he’d take money from Republican donors! And he’d use Republican organization to get reelected and feather his nest.

On his way out the door in ’08, Leach denounced the Republican candidate for president and endorsed and voted for Barack Hussein Obama! They even had him speak at the Democrat Convention that year. Why would this lifelong Republican betray the party? What Republican firebrand was he trying to save the country from? What conservative dragon did he see that needed to be slain? Why none other then the recently deceased (and long overdue) John ‘Maverick’ McCain!

Looking back it was the perfect end for the double-crossing, backstabbing cheat Jim Leach.  If you couldn’t vote for the moderate John McCain, there ain’t no Republican you could vote for! Leach had sucked it up and supported Reagan through the dreadful 80’s when he still needed Republican money to complete the charade. But when he was headed out the door his true colors came out.

It just seemed rather appropriate at the passing of one Benedict Arnold, to be reminded of another. Those two old frauds deserved each other.

Jim Roach



Posted in News and politics | Tagged , | Leave a comment

PepperBall VKS

This is PepperBall’s Variable Kinetic System (VKS) non-lethal launcher currently used for crowd control in Afghanistan when they don’t want to kill people. The bottom magazine holds 15 rounds of their extended-range VXR proprietary irritant projectiles that burst upon impact, producing a kinetic impact as well as affecting the eyes, nose and respiratory system. The upper hopper holds 180 standard round projectiles. These will put a man down.

It seemed appropriate on the eve of another school year to introduce yet another means of protecting children without the use of deadly force. We are now just months away from the 30th anniversary of when the modern school shootings began in Stockton, California on January 17, 1989. In many other posts on this blog about school shootings this is one more weapon that could be used against school shooters, but won’t be.

Our authorities instead have chosen to do nothing by and large. Oh a few districts here and there have taken steps. A few have armed teachers. A few have armed guards. One district in Pennsylvania put a bucket of rocks in each room so the students could stone the active shooter. A military grade weapon such as this with a 50 yard range is more than enough firepower for inside a school house.

Of special interest to me, is the civilian cop’s seeming love of shooting dead the classic “man with a knife” scenario. This weapon seems to be another of the half dozen or so non-lethal means of taking down a man with a knife. Instead of shooting him 14 times in the chest with their .40 S&W and killing him.

Jim Roach

Posted in Health and wellness | Tagged | Leave a comment

The Des Moines Register killed Mollie Tibbetts

Mollie Tibbetts

“What? What? The Des Moines Register didn’t kill Mollie Tibbetts, it was an illegal named Cristhian Bahena Rivera!” Exactly. That’s my point. The Register has been pushing for illegal immigration for at least 30 years. There has not been a more strident or a more warped voice for this illegality than the Register. Teaming up with the Polk County Sheriff, the Des Moines Police Department, Iowa City / University of Iowa, they have all pulled together to make Iowa a sanctuary state.

Accessories to the murder are big agriculture and the construction trades. Agriculture has never felt that they should have to pay a living wage to their help, so their go to source of labor has been the illegal. Meat packing plants, poultry facilities, dairy farmers, hog farmers, they and their lobbyists have been in Congress’s face for 50 years to keep the border open.

The construction trades, roofers, concrete, framers, drywall, you name it. Did housing costs go down? No. Did the cost of getting a new roof go down? No. But it did (along with many other things) help create a climate of lawlessness that  has gotten many innocents killed. Congress gave it their Seal of Approval. Democrats got their cheap votes, Republicans got their cheap labor, and Mollie Tibbetts got dead.

Jim Roach

Posted in Immigration | Tagged , , | Leave a comment

Socialism’s terrible? So why was the American taxpayer forced to subsidize it for 70 years?

Alexandria Ocasio-Cortez

Conservative media has been ALL in a conniption over declared democratic socialist Cortez, who dumped the Democrat’s establishment pick Joe Crowley in a New York House primary. Asking around I find the norms aren’t really aware of her or the ensuing crisis conservatives are having. A lot of people haven’t figured out this is another rejection of the establishment, left or right. Just like Trump in 2016, and Obama in 2008. People are sick of the status quo.

One of the tact’s conservatives take when warning of the dangers of democratic socialism, is to bring up Venezuela, North Korea and Cuba. Bastions of communism. Never do they bring up the democratic socialist meccas of western Europe. Where citizens receive free healthcare, university, 4-6 weeks paid vacation, generous unemployment, and other freebies of their socialist utopias.

How does Europe afford this? We in America can only afford welfare and subsidies for corporations. They afford it by not having to have militaries. Oh sure, they have a few token units to dress up and play for NATO exercises, but they don’t have any real militaries. America does. A country simply can’t afford both a military and socialism.

We’ve been supporting those freeloaders for 70 years. Since the end of WWII. That right there is another example, why did we have to come over there and settle their hash? Just like in WWI? Because they’re pussies. That’s why. Throw in lazy and you have a continent who couldn’t take care of itself if its life depended on it, which it has several times.

I’d felt this irritation building towards all the conservatives in the media, and it crystalized when listening to Laura Ingraham’s sub, Raymond Arroyo. He was going on and on about how stupid and destructive socialism is! Fine. So why did our government force us to subsidize it for 70 years? Europe’s experiment would not have been possible without the American taxpayer, who didn’t receive the freebies, we just paid for them. Europe was able to live in it’s bubble because of the forced generosity of the American taxpayer. I fail to see the logic.

I don’t know about anyone else, but that makes me mad.

Jim Roach






Posted in News and politics | Tagged , , , , , , | Leave a comment


President Donald John Trump is trying to get a supreme court nominee through the United States Senate. Reportedly it is under Republican control. Hardly. It is filled with traitors to their party (and to the country) really. People (if you can call them that) like Susan Collins, John McCain, Lindsey Graham, Bob Corker, Lisa Murkowski, Jeff Flake, Ben Sasse, Rand Paul and many other Republican Senators too numerous to mention.

In the Twitter universe, Republicans love to rail about Democrats like Chuck Schumer and Nancy Pelosi. Why? They are doing what Democrats do! What’s the shock? Where’s the Surprise? They are doing what Democrats have done for a hundred years:

1.) Kill babies.
2.) Raise taxes.
3.) Legislate every aspect of your life.

At least they’re honest! They said they were going to do it and they did it. How do you fault that? They’re supposed to be the enemy, they are the enemy, they wear the uniform of the enemy. What I despise, to my dying breath, are traitors. Those devious, lying, duplicitous, cowardly, disgusting, vile RINO’s we call “Republicans”! My God they make me puke. And even more then them? Its the idiots that vote them in. Decade, after decade, after decade…

Jim Roach


Posted in News and politics | Tagged , , , , , , , , | Leave a comment

Media bias in spades

A couple of months ago the bias of the mainstream media became so blatant I actually wrote one of them to let them know people aren’t that stupid. They are. It was when Mr. Trump began to move on the trade front. Like evidently half the country realized last election, we don’t have fair trade. Mr. Trump is going to try and get us to that point and we believe him.

What we do have is a $850 billion dollar trade deficit because of the tariffs countries like Brazil, India and China have on our goods. Not to mention the lesser yet still exorbitant tariffs the EU and Japan have. It became cheaper to move the plants overseas and ship the goods in rather than try to be an exporter when the global deck was stacked against you. You see, when trade comes with all those tariffs, it ain’t free.

One  of the biggest idiots locally is the newsreader on KASI 1430 Trent Rice. His spots are full of disparaging adjectives against Trump, but shy on facts. The letter below I sent to the Salem Radio Network pretty much covers him also. The powers that be were content as long as the economic rape of America was going on, it was only when Trump threatened to stop it that they got upset.

To the Salem Radio Network:

“I’ve been meaning to write you. About April 4 on your noon news break I heard you say, “The market dipped today amid fears that the era of unfettered free trade was over.” Do you morons really believe that we have been existing in an era of free trade? Are you really so stupid that you don’t know the trade barriers and tariffs that countries like China and India have erected to keep out our goods?”

“Instead of filling your newscasts with adjectives (“protectionist, isolationist. anti-trade”), you could educate the listeners with the facts. Like the fact Brazil, India and China have the highest tariffs in the world among large countries and the U.S. operates at an incredible disadvantage which has led to an $850,000,000,000 trade shortfall.”

James Roach

Posted in Gold Stock Finances, Stocks & Finances | Tagged , , , , | Leave a comment

How do you steer without a rudder?

Maybe its just me, but I don’t see how Western Civilization is going to get where it wants to go, it has no steering mechanism. The ship of state is meandering aimlessly across the ocean without a rudder. The reason the United States had kicked the rest of the world’s ass within 150 years of its founding was we knew what we wanted and how to get there. We had a people guided by the Christian God and a document (the Constitution) based on Natural Law that would get us there. We had a rudder.

God’s Law and Natural Law (nature’s law) are of course compatible, God is nature. Secular Humanism, which guides us today, is in constant contradiction with itself. Two of the most obvious areas are those of group rights and the absence of absolute truth. You’ll see the manifestation of the first often in rather humorous news stories of the day. Those times when blacks, Jews, lesbians or whoever are the latest to be offended by something, and who will triumph. The other is the lack of absolute truth in their world. When you can no longer identify right from wrong, evil cannot be held in check. Hell, the secular humanist can’t even say that evil exists, let alone stop it.

Reading one of the countless articles on Twitter the other day about how Europe is collapsing before our eyes is when it hit me. Europe has been overrun with 7th century savages who are decimating a once great continent. These invading barbarians are lazy, shiftless, uneducated ‘people’ incapable of building, only in destroying. They are making hay at the moment, because their society knows what it wants. However insane and maniacal that guiding principle is, they have one. Europe doesn’t.

Europe has become a post-Christian world. Christianity provided a framework of principles to guide these people’s decision making process throughout their life. Without that “rock”, Europe dashes around trying to satisfy the ever shifting demands of various groups lashing out in identity politics. In comes a group of cohesive lunatics who know exactly what they want and who move in a coordinated fashion. A team will always beat a group of individuals. No matter how talented those individuals are by themselves.

Europe is languishing under a “survival of the fittest” scenario at the moment. Marquess of Queensbury rules matter not at the moment. Street fighting is the rule of the day. They have a rape epidemic (no means of self defense). A bizarre outbreak of “acid attacks”. Stabbings are so numerous London recently outpaced NYC in deaths per capita. Europe thought they had eliminated murder when the eliminated firearms. Not to mention female genital mutilation, the erasing of women’s right…

Europe is toast and we are right behind them. When our civilization worked it was based on the concept of individual rights. What we have morphed into is a phenomena of “group rights”. A nation of laws can only provide accurate redress to individuals, not groups. We have given up on our “rudder”, the Constitution. We have moved into the ever shifting paradigm of groupthink.

Jim Roach




Posted in Life Liberty Property, Religion | Tagged | 1 Comment