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Preservation
(Editor's Note: I recently received an email from a reader who voiced the same concerns that I expect most of our readership shares, about their retirement savings and how to best secure their assets and deal with the demise of empire. You folks are fortunate in that you have awakened and realized that there was something very, very rotten going on. There is still time to do something. In an attempt to answer her questions, I found my self slipping in to one of my rants. I decided to post it for you all to enjoy. BTW, I originally posted this article in June, 2011. - JSB)
Dear June, As you might imagine, I receive many emails daily and I am, due to time constraints, unable to answer most of them, but your email struck a chord with me because we recently dealt with my wife's IRA. But before I get to the retirement account option, I will address your other questions. First, you are absolutely right about the dollar devaluation. The U.S. Dollar has lost more than 60% of it purchasing power since 2002. The value of silver has not increased. The value of the dollar has tanked. Most people do not understand the insidious nature of inflation. It is not a natural occurrence. It is a contrived means of theft. It was originally implemented by goldsmiths who invented the fractional reserve system. Please follow this link to a video that might help you understand the methods of their madness: http://www.silverbearcafe.com/private/home.htmlprivate/02.09/moneyasdebt.html To further illustrate my contention that we are being screwed by the Government and the Federal reserve, please consider, on July 23rd, 1965 L.B.J. unconstitutionally signed the Coinage Act of 1965 and prevaricated that it would legally supersede the original Coinage Act of 1792. He did not have the constitutional authority to mess with the value of U.S. coinage. He was just one more criminal politician, in a long line of criminal politicians, trying to rewrite the U.S. Constitution for his own personal gain. His contention, that he had the power to do so, was ludicrous. In fact, the penalty, prescribed in the original coinage act for doing so, was/is death. But the dumbed down sheeple didn't seem to mind, so he got away with it. Johnson was a slimeball criminal. Ah, but I digress. A dime, minted in 1964 was comprised of 90% silver. Today, a pre 1965 dime will purchase a gallon of gasoline. Today, gasoline is cheaper than it was in 1964. The reason we can't buy gasoline for 10¢ with Federal Reserve notes is because we have been robbed by the Federal Reserve (owned by American and European Banking families) and a complicit government. Pretty much everything is cheaper now than it was in 1964. Advances in technology, manufacturing and distribution would have/should have provided a greatly enhanced standard of living for all Americans. That is if we hadn't been ripped off by the powers that be. This is the main reason that the middle class is shrinking. Until we abolish the Federal Reserve and prosecute the criminals, the future of the United States will remain in great peril. The dollar still has a ways to go before the people realize it is worthless. Silver represents a store of value that can not be altered by the criminal banksters or politicians. So, to sum up the first point. I believe that, even if you take a 10% penalty and pay 20% taxes (that's probably about as much as you would have paid in taxes on the income originally) you will be ahead of the game if the dollar loses another 10%. I think silver will surpass $100 an ounce within the near future. Silver, however, is more volatile (price wise) than gold. I believe there is quite a bit more potential for the price of silver to rise than there is for gold. Naturally then, the factor of risk is greater holding silver than it is for holding gold. Silver, however, is rarer than gold. Not very many people are aware of this fact. Most of the world's above ground stockpile of silver has been used up by industrial applications and weaponry. The traditional silver to gold ratio (for last 5000 years, prior to the federal government illegally fixing the price) has been 16-to-1. At gold's current price of around $1542.00, the price of silver should be at least $96.00. If there was no manipulation by criminal banksters, the Silver Users Association, the Crimex (Comex) the FED, or the government, I would expect the price of gold to be closer to $10,000.00 per ounce which would mean silver could reach a value in excess of $625.00 an ounce. Investing in precious metals is the best security that I am aware of. And now we arrive at yet another option, which is to leave your savings in an IRA. It is now possible to move funds that are currently in a self directed IRA into an account that mirrors gold and/or silver in their appreciation (or depreciation) against the dollar. Although this is one of the most prudent things you can do with a IRA, it is my least favorite option because I am afraid that the government might be intending to seize the retirement accounts of all Americans and force them into U.S. Treasuries (or something like that). The Federal Reserve is currently buying the bulk of each Treasury Issuance which is, beyond a doubt, hyperinflationary. So many criminals, so little time... For years I have complained that my wife's 401K was subject to criminal constraints in that she could only go long on the issues she was involved with. Her company mandated (all companies mandate by law) that she could only invest, and go long, in XYZ mutual funds. At the time, I believed were they were bad investments. In a free market you have to have the option to bet against an issue as well as betting for it. Taking away the option to short an issue provides for nothing more than a rigged game. But all the sheeple seem to go along with it. Everybody's 401K has the same restrictions. Nobody balks. It's much easier remain ignorant of the realities of investing than to gain the understanding that they are being fleeced. I personally have lost all faith in the system, as well as the hope that the worthless sheeple might wake up, and, as a result, I spend most of my time trying to provide evidence of the crimes of the Darkside, and to present the remedies and solutions that I have come across, in my research, that might help my readers deal with the current, abysmal, state of affairs. When I started "the Bear" I was actually (naïvely) trying to pose solutions to the "big picture" problem. Solutions that might have "righted the ship". That was ten years ago. About three years ago I realized the system was irrevocably broken and beyond repair and that all I could do was help those that had finally awakened from their sheeple slumber to prepare for the collapse. It is like a slow motion train wreck. The day is fast approaching when Joe Sixpack will not be able to afford a sixpack on Friday and, when that day comes, and I expect it to happen this year, the country will slip into a chaotic haze. Joe will not have a clue as to what happened, why it happened, who caused it or who is to blame. At that point we will have riots in the streets, clueless idiots with no plan. These folks will be mad at everyone who has something, anything... So prepare yourself. Own physical bullion. Hold it yourself. If you're concerned, bury it in the backyard. Don't tell anyone that you have it. Don't pay more than a 5% premium to buy it or sell it. You can, eventually divest your self of everything you own and convert it to bullion. At that point you will be a pauper, and eligible for medicare and medicaid. Leave a map to where it is hidden for your kids or whomever. This will eliminate any probate. By the way, I am not a licensed financial planner. The message I am trying to convey comes as the result of ten years of intense study and good old common sense. In spite of what I have stated in this piece, please take everything I say with a grain of salt. June, we appreciate your readership and wish you the best. Respectfully, Kenny Parsons aka Johnny Silver Bear
Send this article to a friend: Kenneth Parsons, aka Johnny Silver Bear, is an IT professional in Texas and the President of Silver Bear Communications, Inc. Mr. Parsons has been involved in the advertising and promotion industry for over twenty-five years. He is the editor of the Silver Bear Cafe and, as such, is responsible for shaping the content of "The Bear". Mr. Parsons has served as CEO for Fiberscape Communications, Inc., a web site development / hosting and streaming multi-media company in Richardson, Texas since 1997. He is a Jeffersonian and a passionate supporter of the U.S. Constitution. He is also an outspoken advocate of gold money and equal tax rates. You can contact Mr. Parsons with questions or comments via email at [email protected] |
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It’s not
what you don't know
that will screw you
up; it’s what
you are absolutely sure of that is absolutely wrong.
The spin you hear from
the mainstream media
is intended
to mislead you. Open
your eyes and face
the future. If you
leave your head in
the
sand and ignore it,
you are only leaving
your butt exposed for
the world to kick.
This all may sound
like gloom and doom,
but when you get a
handle
on
what is
going to happen, you
will have a future
filled with opportunity.
Fortune favors the
Informed.
