QE3: The Beginning Of The End

September 16, 2012

By Russell D. Longcore

The Federal Reserve flushed the toilet Thursday…and by extension Washington and the US economy are beginning to pick up speed as they circle the drain.

Federal Reserve Chairman Ben Bernanke announced Thursday September 13th that the Fed would be buying $40 Billion per month in mortgage-backed securities indefinitely into the future. The reason he gave was to “see more progress (in job growth)”. He said “the program should increase downward pressure on interest rates,” supposedly to encourage more home sales and refinancing.

When challenged about low interest rates hurting savers, Bernanke said the low rates help the value of homes. What he does not say is that the entire housing market is built upon a balloon of debt, and that home values are only where they are today because of inflation.

The Federal Reserve is a private consortium of banks whose sole reason for existence is to maintain the solvency of the banks. Buying mortgage-backed securities won’t help you and it won’t help me. But it will strengthen the bottom line of the member banks. Also remember that banks that participate in the fractional reserve system (ALL BANKS) have basically only one product…loans. Abraham Maslow said, “When all you have is a hammer, everything looks like a nail.” Banks only see one thing…debt.

And hear me loud and clear. This is not all of QE3. The Fed will quietly continue to print TRILLIONS of dollars and flood the world with them. Today’s announcement is akin to a magician distracting you with his left hand while the magic trick is being done with his right hand.

I want you to understand how dreadfully serious QE3 is. QE1 and QE2 were stimulus packages that utterly failed. But 1 and 2 were limited in amounts. QE3 has no outer or upper limit. The Federal Reserve will print as much money as they desire or need to keep the charade going. That means that hyperinflation is both guaranteed and imminent.

John Williams, owner and editor of Shadowstats.com, predicts that hyperinflation will hit America in 2014. That is 15 months from now. That means that anything that is either greenback currency, or any investment tied to Federal Reserve currency, will very rapidly lose its value.

Let me lay out the scenario for you:

1. There is no fix for Washington’s runaway spending. Even if Washington confiscated ALL the income generated in the American economy, DC would still be insolvent. If DC cut out all government spending except Social Security and Medicare, they would still be insolvent. There is no way to bring the system back into fiscal correctness where DC only spent what it takes in.

2. The Federal Reserve cannot even acknowledge or discuss the truth about the spending problem. If the Fed admitted that QE 1 and 2 were failures, they could certainly not justify QE3. And if they admitted that they can do nothing else but continue to issue more fiat money, they would expose the entire world financial system as the counterfeiting scheme it truly is. If the Fed chairman confessed that everything he has done has failed, he would likely get fired. Remember what Paul Volker did 30 years ago. He allowed interest rates to rise until they were north of 20%, and it brought some needed correction into markets. What Volker did worked. What Bernanke has done has not worked. But he cannot now turn an about face and do what Volker did. Bernanke believes in regulating interest rates at nearly zero percent, which only enriches the banksters and punishes anyone who is an investor or saver. Investing and saving is where capital comes from. And there are trillions of dollars in cash in America’s business that the businesses refuse to invest because of the Fed.

3. There will be a worldwide debt selloff.Think about your own situation. If you had a wad of cash stashed under the mattress, and you knew that it would quickly become worthless, what would YOU do? You would try to spend it or trade it for something of value. Nations are no different. Nations are people…governments are people. When the rest of the nations of the world that hold US Securities understand that QE3 will flood the world with dollars that are worth less and less, those nations will begin accelerating their selling of US Bonds. But who will buy them? The rest of the world understands the scheme, because kings and governments have debauched their monies for millennia. The world financial system today relies upon inflation simply to keep going. And DC and The Fed know that they can pay their debts with Dollars, even though they are becoming worthless. But the inflation rate will now begin to accelerate until it is a fire that cannot be quenched.

4. The Fed is the buyer of last resort. They MUST buy the debt held by the world.Why? (A) To prevent anybody holding US securities from selling too many too fast. Dumping securities would cause a global bond collapse. A “collapse” is what happens when the prices of bonds fall precipitously (too many bonds for sale at once) at the same time demand dries up. That means that nobody wants US Securities at any price. And all the nations…all the massive institutional investors…ALL know this. But as in #3 above, bondholders are going to know that the money they get paid for the US securities will be worth less and less. (B) Eventually, when Washington holds its monthly bond auctions, there won’t be any buyers…that is, except the Federal Reserve.

5. Here comes hyperinflation. All our lives we have accepted an inflation rate of 3-4% a year as normal. As QE3 moves forward, inflation (which is actually now at about 8-9% per year) will quickly change to 8-9% per month. Shortly, 8-9% per week will jolt us. And THEN it will get worse. If you don’t know what happened to the money in Zimbabwe, do a Google search. A couple years ago, I bought 160 trillion of Zimbabwe money and it cost me $3.00. That will happen here in America.

Hyperinflation destroys the lower and middle classes. Think about it. If you are a middle class person, working and earning a living, you only have just so much discretionary income in your budget. You may even have no discretionary income in your budget, and your outgo exceeds your income. If prices double on the things you buy to survive, what will you do? But think about the upper class…the wealthy. They can more easily ride out a doubling of prices, since their living expenses are a smaller percentage of their income and assets. Inflation has always been the cruelest way for governments to steal from their citizens, and it has been done for millennia.

6. Then cometh the collapse of the West. Unless you get your assets out of anything that is tied to the US Dollar and into gold and silver and other hard assets, YOU. WILL. LOSE. EVERYTHING. At some point, anybody selling anything will stop accepting Federal Reserve notes in payment. But before that, America will descend into chaos, violence, crime and death on a level never before witnessed.

7. From the ashes of this historic cataclysm, groups of individuals will form that want to establish new nations of their own. And when DC has collapsed, and its counterfeiter The Federal Reserve loses control, there will be little to prevent secession and liberty.

If you do not believe that this scenario can happen or will happen, I invite you to tell me about a reasonable alternative scenario in which America digs its way out of this morass.

The year 2014 is only 15 months away. Washington and the Federal Reserve are your enemies. They only care about their own survival.

The only thing you should be concerned about right now is CAPITAL PRESERVATION. FORGET RETURN ON INVESTMENT. Get out of your 401K and IRAs. Take the penalties and get your cash. Get your money out of anything and everything that is tied to the US Dollar. I recommend that you buy a big safe for your home from Liberty Safes. I recommend that you take your cash and buy 50% gold, 30% silver and keep 20% in US Cash.You can afford to manage 20% of your savings as hyperinflation begins, but you cannot afford to lose 100% of your money. Put your hard assets in the safe. Get smart!

Secession is the only hope for individual liberty and property rights in North America.

DumpDC. Six Letters That Can Change History.

Copyright 2012 Russell D. Longcore. Permission to reprint in whole or in part is gladly given, provided full credit is given.


Flash Editorials May 5, 2012

May 5, 2012

By Russell D. Longcore

The Nation I: This week, Warren Buffet and Berkshire Hathaway are hosting their annual meeting in Omaha. Thousands will attend. You gotta give the old boy his snaps. He has become one of the world’s wealthiest men in the stock market and owning companies. But a big part of his amassed wealth came from doing business with the Federal Government. So is it any wonder that in his doting years, he says stupid things like “the wealthy should pay more income taxes?” His “Buffet Rule” legislation went down in flames last week in Congress. But think about this. No one is preventing any wealthy individual from writing an extra check to the US Treasury. So this is not about the wealthy paying more voluntarily. This is all about being forced to pay more at the threat of death or imprisonment. This is all so extraordinarily disingenuous. The Congress carries the water for business. The tax code for business owners is laden with tax benefits and tax credits that employees don’t get. Employees don’t have their capital at risk, and they don’t deserve business tax breaks. But we all deserve less taxation. So instead of stealing more from the wealthy, let’s see someone slash EVERYBODY’S tax rates. Even better would be a ten percent national sales tax and no income tax.

The Nation II: President Obama made a surprise trip to Afghanistan this week to keep the fictional account of the murder of Osama bin Laden alive, now one year old. This was a campaign speech wrapped in an even bigger lie. Obama didn’t cap Osama. Bin Laden died of kidney failure back in 2002. Too bad presidential lies are not felonies.

International I: In the wake of the nuclear meltdown in Japan, the Japanese government has closed all of its nuclear plants for the first time in 40 years. Now they expect brownouts and rolling blackouts. Out of the frying pan into the fire. Hey Japan!!! Ever heard of the Molten Salt Reactor, using thorium as fuel? Totally safe, no radioactive waste, 60-year-old technology? China has…

Business: At a Sotheby’s auction Wednesday, one of the original four versions of Edvard Munch’s painting The Scream (you know, white face, mouth gaping open, eyes wide…kind of looks like that mask from the horror films) sold for $119,922,500…a new record. The winning bidder had way more money than common sense.

In tonight’s commercial message. Here are the most important questions I could ask you: Are you living the dream? Do you spend as much time with the people you love as you want to? Are you living in the home of your dreams? Are you living in the spot in the world that you dream of? Do you drive the car of your dreams? Do you have a dream of helping others in some charity that remains unfulfilled? And let’s talk about where we spend a huge chunk of our time…at work. Are you working at the job of your dreams? Are you making the kind of money you always dreamed of earning? Were you able to answer “YES” to any of those questions? Most people I know are not living the dream…whatever that phrase means to THEM. I can’t tell you what YOUR dream is. But if you could not answer “YES”, how are you planning to make your dreams come true? There is a racing analogy that works well here: You must have the right vehicle but you must be the right driver. Think about it. If you have a NASCAR or Formula One car, and you’re the driver, you’ll probably get yourself killed in a race. And if you take the best NASCAR or Formula One driver and put him in a Volkswagen Beetle, he has no chance of winning. To win and make your dreams come true, you must be the right driver in the right vehicle. Here is another important question: How important ARE your dreams to you? Do you have a burning desire to make them come true…or do you just enjoy fantasizing about what it would be like to live the dream? Most of the people I spend time with are in the first category. They are working hard to make their dreams come true. Even if you have the right vehicle and you don’t think you’re the right driver, cheer up!! You can Learn to be a great driver…the driver of your dreams! If you’d like to learn more about making your dreams come true, and whether or not my energy business could be the right vehicle for you, send me an email at russlongcore@gmail.com. We can talk about it possibly designing a plan to make your dreams come true!

Economy I: The advance number of actual initial claims under state programs, unadjusted, totaled 330,475 in the week ending April 28, a decrease of 40,158 from the previous week. Yet, the Labor Department reported 365,000 new jobless claims last week. And here is a new piece of information I have never seen before, Today, the St. Louis Federal Reserve released a Bureau of Labor Statistics chart and report about Americans in the category “Not In The Labor Force.” Their report showed 88,419,000 Americans that have functionally dropped out of the labor force altogether. The chart only records up to 88 million people. Now…do you wonder how the government-released unemployment rate can be between 8-9% when 88 million adults are not employed in America? Folks, there are only about 315 million living people in America, and 25% of them are below age 18. Do the math. That means the REAL unemployment rate is about 25%. This statistic makes the Great Depression of the 1930 look pale by comparison.
Here is the chart.

Sports: Former NFL All-pro linebacker Junior Seau died of a self-inflicted gunshot wound this week. Seau is the eighth player from the 1994 Chargers championship team to die. We will all learn more about Seau’s life as the story unfolds, but there is something real bad about the head trauma that is happening in the league all the time. A lot of old players are ending up with dementia and other ailments from old football injuries. But this is the most violent sport in America. There weren’t too many Roman Gladiators that enjoyed a soft retirement either.

Entertainment: The movie The Avengers opens this weekend, and many are predicting that it will have the biggest box office first weekend in history, even bigger than the biggest Harry Potter opening weekend. Go see Nick Fury and his team of The Hulk, Ironman, Captain America, Thor, Black Widow and Hawkeye whip some bad guy butt. Written and directed by Joss Whedon of Buffy the Vampire Slayer and Firefly.At a theatre near you!

Dump DC: Six Letters That Can Change History.

Copyright 2012: Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.


Flash Editorials April 28, 2012

April 28, 2012

By Russell D. Longcore

Let’s get this puppy started! Oops, gotta be careful. If Obama sees this, he might the idea to get some dogburgers delivered from some oriental restaurant in DC.

The Nation I: Mittens Romney won all four primaries last Tuesday. Big F***ing deal. Remember that you are going to vote for the lesser of two evils in November. And shame on you if you vote at all. If your vote, you are part of the problem, not part of the solution.

The Nation II: In our “Delusional Sociopath” Department, we gladly announce that Newt Gingrich has pulled out of the race. He probably will expect a Cabinet appointment or ambassadorship. I hope Romney makes Newt the Ambassador to BumfuckEgyptistan; or South Sudan, which is in a civil war.

The Nation III: Because the only thing that matters in the Mainstream Media is the Presidential race, let’s talk about who will be Mittens’ VP choice. There is lots of talk about Senator Marco Rubio of Florida. Small problem. Both of Rubio’s parents were born in Cuba. According to the oft-ignored old Constitution, “Natural Born Citizen does not mean just born on American soil. One must also be born of parents who were born on American soil. But why should that stop the Republicans? Sure as hell didn’t stop Barry Soetoro aka Barack Obama.

International I: Spain has made a move toward totalitarianism, and I promise you that the eyes of other nations are on this move. This week, the Madrid government banned cash transactions over $2,500 Euros between anybody, individuals or businesses. This is a blatant destruction of individual rights. They SAY that the move is aimed to combat black market activities. But I’m throwing the bullshit flag on Spain. This is about one thing…making sure that the Spanish government gets all the tax revenue it can collect. But in a wider sense, the order sets the stage for the cashless world system that all the governments would like to see…complete control of every individual. The funniest thing is that in my opinion, this will make the black market more vibrant, not less. The Black Market always figures out a way to avoid and evade the taxman.

International II: In the French primary election, President Nicolas Sarkozy came in second to socialist Francois Hollande. The French people don’t seem to want a national government that only spends what it takes in. They don’t want the austerity measures that are required for the French government to continue. France wants bread and circuses. Soon they will have neither.

International III: In March, Russia and Mexico each bought nearly $1 Billion in gold bullion. Mexico bought 16.8 TONS of gold, valued at $906.4 Million, and Russia bought 16.5 tons. The governments of Russia and Mexico understand very clearly, what is about to happen to the US Dollar. And don’t forget that China is likely the largest gold producer in the world, since they don’t release their mining figures. Speak Mandarin yet?

Business: Mad Cow Disease has been discovered in a cow in California. One dairy cow was found to have bovine spongiform encephalopathy, (BSE), otherwise known as Mad Cow disease. Seem a company was picking up dead cows for rendering, which means they cut up animals, boil the meat off the bones and use nearly every part of the animal for something, including cow feed. Yes friends, cows are fed cow by-products. As a matter of course, this company randomly tests for BSE. And the first test came back negative. Why they tested a second time, I don’t know. But they found the disease in this one cow. If you ever want to know what happens to cattle in the American beef industry just Google the words “cattle cruelty” and watch some of the videos there. You’ll think twice about your next Whopper. In today’s America, only grass-fed, free-range, drug-free organic beef is safe to eat. Remember, the USDA regulates the food industry, and they lie all the time, just like the rest of the Federal Government. If only random testing occurs, you know that other diseased cows are getting through without being discovered. And what doctor or hospital would want to reveal that Mad Cow disease killed someone? The political pressure to hide it to protect the Beef Industry would be enormous.

But here’s tonight’s commercial message. Here are the most important questions I could ask you: Are you living the dream? Do you spend as much time with the people you love as you want to? Are you living in the home of your dreams? Are you living in the spot in the world that you dream of? Do you drive the car of your dreams? Do you have a dream of helping others in some charity that remains unfulfilled? And let’s talk about where we spend a huge chunk of our time…at work. Are you working at the job of your dreams? Are you making the kind of money you always dreamed of earning? Were you able to answer “YES” to any of those questions? Most people I know are not living the dream…whatever that phrase means to THEM. I can’t tell you what YOUR dream is. But if you could not answer “YES”, how are you planning to make your dreams come true? There is a racing analogy that works well here: You must have the right vehicle but you must be the right driver. Think about it. If you have a NASCAR or Formula One car, and you’re the driver, you’ll probably get yourself killed in a race. And if you take the best NASCAR or Formula One driver and put him in a Volkswagen Beetle, he has no chance of winning. To win and make your dreams come true, you must be the right driver in the right vehicle. Here is another important question: How important ARE your dreams to you? Do you have a burning desire to make them come true…or do you just enjoy fantasizing about what it would be like to live the dream? Most of the people I spend time with are in the first category. They are working hard to make their dreams come true. Even if you have the right vehicle and you don’t think you’re the right driver, cheer up!! You can Learn to be a great driver…the driver of your dreams! If you’d like to learn more about making your dreams come true, and whether or not my energy business could be the right vehicle for you, send me an email at russlongcore@gmail.com. We can talk about it possibly design a plan to make your dreams come true!

Economy I: The number of actual new unemployment claims under state programs, unadjusted, totaled 366,743 in the week ending April 21, a decrease of 3,484 from the previous week. Yet, the Labor Department reported 388,000 new jobless claims last week. Folks, think about this. Every week for almost two years, a group of people the size of Oakland, California or Omaha, Nebraska get laid off. For TWO YEARS. That is 100 weeks of Omaha-sized layoffs. Recovery, my ass. Every time you see a news story that even hints at recovery, you should throw the bullshit flag at your TV.

Sports: NBA Player Ron Artest, who changed his name to Metta World Peace, had a bad case of stupid while his Lakers were playing the OKC Thunder last Sunday. Mr. Peace threw an elbow that hit Thunder player James Harden right behind his left ear, sending him to the floor with a concussion. Candyass NBA Commissioner David Stern only suspended Metta for seven games. What a disgrace Stern is. The Peaceman should be fined a month’s salary and suspended for the remainder of the season. That would send a message. But the fans like NBA Thugball, just like they like NHL Hockey. So the thuggery will continue.

Entertainment: Donald Trump’s Miss Universe Pageant has a dude competing this year with all the girls. Canada’s contestant (Canada??) is 23-year-old Jenna Talackova, who may look like a girl, but still has the XY chromosomes the rest of us guys have. It was only four years ago that he had a dick-ectomy. Have you seen this guy? He’s totally hot…no Adam’s apple issues, no five o’clock shadow, no deep voice, great set of hooters. No RuPaul action here. Actually looks a lot like Lisa Kudrow of the old Friends sitcom. Wait a minute! I hear some of you clucking your tongues because I think he’s real pretty. But my wife says that I’m just a lesbian trapped in a man’s body. After all, I like to do the same stuff lesbians do, except I do not need a strap-on. Makes sense to me…

Dump DC: Six Letters That Can Change History.

Copyright 2012: Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.


Flash Editorials April 21, 2012

April 21, 2012

By Russell D. Longcore

The Nation I: Twelve Secret Service agents and ten military personnel went to Colombia on an advance security detail before the President attended a meeting in Cartagena last week. They stuck to the old adage…”wheels up, rings off.” When they got there, they rounded up at least 20 hookers and did what men do with hookers. The next morning, one of the agents tried to stiff (yes, I know) his paramour and she called the cops. I don’t know what the big furor is. Men of too much power and too little morals regularly step out of line. And military personnel? Please! Ever been to the area just outside a military base? More titty bars, porn shops and massage parlors per square mile than anywhere else. I’m just thinking that they were good consumers trying to get a volume discount. It’s laughable that anyone in America cares about this while this President is taking American into the gulag as fast as he can. Perspective, folks…perspective.

The Nation II: This week, the Virginia Legislature overwhelmingly passed a bill that nullifies the National Defense Authorization Act. The governor has promised to sign the bill. You remember where Virginia is? Sharing a common border with Washington DC? This is a small glimmer of hope that the states haven’t completely caved in to DC’s plans for America. But signing a bill don’t mean shit. Let’s see what Virginia law enforcement does when some Federal goon tries to enforce the NDAA on a Virginia citizen. I hope the Virginia law allows for clapping a Fed in irons and throwing him in jail…if he didn’t get shot first.

The Nation III: George Zimmerman had a good week. One judge recused herself from his case, and in Friday’s hearing, another judge granted him bail at $150,000…of which he only has to post 10% to be free from the Greybar Hotel. In a newsclip, I saw Zim’s lawyer questioning one of the detectives in the case. He asked him if the police had any evidence who started the fight that ended in Martin’s death. “No,” the cop replied. The attorney was trying to make the case that a charge of Second Degree Murder was a politically motivated charge, not based in facts. Zim’s lawyer won. Naturally, the family of Martin was not happy.

International I: India successfully launched a missile on Thursday that can carry a nuclear warhead up to 5,000 kilometers. Why isn’t Washington having a hissy fit? Iran doesn’t have anywhere close to this technology. And India is buying oil from Iran with gold and rupees. Answer: because India has a billion people and isn’t cowed by DC. Answer 2: India also has lots of gold and is one of the BRIC nations. India doesn’t need America, except to pay for Tech Support and Customer Service.

International II: In Bahrain, the government and protesters are having constant violent clashes, and much blood is being spilled on both sides. The Formula One Grand Prix event is supposed to be held there Sunday, but race officials are talking about canceling the event. That’ll show em. Nothing worse than a spinout when a tire runs through a puddle of blood.

Business: I saw a video Friday by Gerald Celente, founder of the Trends Research Institute. He was talking about how the rich and powerful can steal billions in fraudulent scams and go scot free, yet if you or I steal a pack of gum from the 7-11 we will be face down on the pavement with a cop’s knee on our neck. And he’s right. When banks and investment houses can play fast and loose with your money, you don’t really own it. Here is Celente’s money quote: “If you don’t have your money, it’s not yours.” The only money you can count on is the money that you physically hold and can touch. Celente has liquidated all his paper investments and is 100% in gold and silver. In fact, Celente had made a purchase of gold on a future delivery contract through MF Global, and when that company went bankrupt, there went his gold purchase. He said he’s recovered about 60% of his money, but the rest is gone. And this video by Celente only backs up what I have been telling you now for months…How much of your savings and investments should you keep in stocks, bonds and mutual funds? Only that amount you are willing to completely lose. Liquidate ALL paper assets right now and get into precious metals that you can hold and touch.

That brings me to tonight’s commercial message. Quick Question: Do you know how much invested money it takes for you to earn $1,000 month in income without touching the principal? The math is easy. $1,000 a month is $12,000 a year, right? But what kind of return on investment can you expect these days? Could you get a 3% return? Maybe. But let’s use that number. You would have to have $400,000 in some investment that earned 3% a year to get yourself $1,000 a month. Next question: How many of you could live on $1,000 a month? Don’t you need $3,000…$4,000…$8,000 or more to live? And we haven’t factored in the inflation rate, which is about 3% and is going higher. Do you have $1.2 million, or $1.6 million…or $3.2 million in investments? No young families I know have that kind of money. Only a few six-figure income earners that I know have it either. And in an economic depression…which we are in NOW…putting that kind of money away is next to impossible. But there’s a business in America right now that throws off monthly income just like an annuity. It’s my energy business. Think about your utility bills. You pay your energy bills every month, and every month, your energy provider earns a little profit on your payment. Now multiply that times thousands. Folks, there is a huge amount of money in the energy business, and you could get paid just like the big monopolies. Imagine owning a business that throws off income every month on a life-essential service that every adult that lives indoors pays every month. To learn more about this unique business, and see if this business is right for you, go to: MasterpieceEnergy.com. Look to the left and click on “The Ignite Business Plan” to learn about a truly recession-proof business.

Economy I: The number of actual new unemployment claims under state programs, unadjusted, totaled 367,550 in the week ending April 14, a decrease of 22,916 from the previous week. Yet, the Labor Department reported 386,000 new jobless claims last week. I know that many of you just skip over this because this heading is always the same, showing how breathtakingly stupid the Labor Department is. But think a little deeper, friends. Labor is only one Federal department or bureaucracy. You’ve seen how the GSA acts when no one’s looking. And the Secret Service imbroglio is merely the tip of the iceberg. ALL OF THE bureaucracies are wildly wasteful, and they know that Americans won’t do ANYTHING about it.

Sports: OOPS! At a team event, the parent of one of the University of Alabama’s football players was holding the $30,000 Waterford crystal football-shaped trophy when he caught his shoe on a rug. He dropped the trophy which shattered on the floor. Team officials are looking for a way to replace the trophy. Excuse me? This is easy. The parent likely has homeowner’s insurance, which provides liability insurance. File a claim with his insurer, and call Waterford. They still remember how to make the trophy…they make one each year. Done.

Entertainment: So sorry to hear of the passing of two enormous talents in music. Levon Helm, the founder of The Band, died Thursday after a long battle with cancer. A gentle man, superb musician and a gentleman, he was still performing until recently. And Dick Clark died this week from a heart attack. Clark founded “American Bandstand,” the teen music show that started all other rock music shows. I remember in the early 60s that “Bandstand” came on ABC at noon on Saturdays. Everybody I knew tried to be home for the show on Saturdays. You might not know that Clark also created and produced the American Music Awards show that has been fantastically successful for decades. Both men made enormous contributions to American music.

Dump DC: Six Letters That Can Change History.

Copyright 2012: Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.


The Principle Of The Gold Standard Part 10

April 15, 2012

Editor Notes:

This is the final installment of a ten-part series on the gold standard.

I discovered a remarkable thinker and author recently. Antal E. Fekete is a Professor at the Memorial University of Newfoundland. He has written outstanding articles and does compelling lectures about money. Ladies and Gentlemen, the first thing that a state must do at secession is invent a monetary system…that is the Power of the Purse. Creating gold money is a lot easier than you think.

The Principle Of The Gold Standard Part 10


Flash Editorials April 14, 2012

April 14, 2012

By Russell D. Longcore

The Nation I: Thank God, Rick Santorum quit the Republican Presidential race. But give the man his due. This guy did more with less resources, less integrity and less intelligence than all the other candidates. After spending every moment trashing Romney, how is he going to turn 180° and support Romney? There is a simple answer, folks. The answer is that none of the stuff he said over the last year was true or mattered one whit. If Santorum was driven by deep convictions and unshakeable morality, he could not tell America how horrible Romney was as the Republican candidate and then smilingly throw his support to him at the convention. Santorum is a mega-hypocrite. So he’s the perfect Republican. You folks will probably get to vote for him in 2016.

The Nation II: In the ongoing George Zimmerman/Trayvon Martin story: On Tuesday, his lawyers got in front of some microphones and said that they were quitting. Seems the Zimster went into hiding and was not calling them. So they bailed. Then that night on TV, the talking heads started decrying Zimmerman’s erratic behavior. My thoughts? First, just because George wasn’t talking to THESE lawyers doesn’t mean he wasn’t talking to SOME lawyers. I’m guessing he was trying to get better representation, since he is now getting a guided tour through the Florida legal system. Remember that the New Black Panthers put a dead-or-alive bounty on Zimmerman. I’d probably disappear too.

The Nation III: Angela Corey, Florida State Attorney stepped to a press conference podium smiling widely on Wednesday night, 6:00 pm Eastern, and announced that they would “seek justice for Trayvon.” How about justice for Zimmerman? They had already issued a warrant for Zimmerman’s arrest on Second Degree Murder charges. At the time of the press conference, Corey divulged that Zimmerman already surrendered voluntarily and was in custody. Folks, if you saw this press conference, you saw a woman with her mind already made up about the outcome. By the way, the so-called “Stand Your Ground” law was written exactly for this kind of assault…the assault on Zimmerman by Martin. Martin didn’t have a mark on him. Read it yourself.

International I: Let’s talk about the Middle East for a moment. Aside from Israel, which is a rogue nation entirely undeserving of American support, let’s concentrate on the Arab world. Folks, from the western shore of the Mediterranean to the border of India, along the northern shore of Africa and surrounding the Persian Gulf, all of the peoples are some form of Islam. The conflicts, overthrows, Arab Spring, and civil wars are Sunni versus Shi’ite…the two major Islamic groups. Washington has no understanding of Islam and the tribal culture of the Middle East. So it blithely wades in to confrontation after confrontation with its imperialism goggles on, convinced that Arabs and all those other brown-skinned oily types will love democracy if they would just try it. Hey Washington! The Islamic world has no societal history like Europeans, and will not accept the government of the Great Satan America or any other infidel European nation. Sure, you can force them or bribe them for a time. But like the Afghanis, the Islamists know that you will tire of the fight or go broke and just go away. Then they will return to tribalism and carve another deep notch in the stock of their AK-47s. The notch right next to the one for the Soviet Union.

International II: Washington is not the Great Satan, though. But it is the Great Whore. There is no issue for which DC will not play both sides against the middle. In Iraq and Afghanistan, Washington wages war against the Taliban and the so-called Al Qaida group. But in Syria, DC is working with them to overthrow the Assad government. And the only reason to overthrow the Assad regime is to weaken Iran. DC could not care less about the Syrian people, and are sending vast amounts of armaments and electronics to the rebels. There is no behavior or action for which Washington is, or could be, controlled by a core belief and a conscience. The American foreign policy of the Middle East is about The Dollar, folks. DC is doing whatever it takes to keep the Dollar as reserve currency for oil payments. If DC thinks that overthrowing every Middle East government and installing its puppet will keep the Dollar as world reserve, it will do it. I just think that Iran will be the place where Washington finally gets its comeupuppance.

Business: According to ZeroHedge.com, Apple’s market capitalization is greater than all of the companies in Greece, Portugal and Spain combined. Know what you call this? A Bubble. Apple stock is trading at seventeen times earnings. I know that’s not crazy high, but normal stock trades at about a third of that. And this kind of market value is not sustainable. I predict that an awful lot of investors, private and institutional, are going to get hurt when the bubble bursts.

That brings me to tonight’s commercial message. Quick Question: Do you know how much invested money it takes for you to earn $1,000 month in income without touching the principal? The math is easy. $1,000 a month is $12,000 a year, right? But what kind of return on investment can you expect these days? Could you get a 3% return? Maybe. But let’s use that number. You would have to have $400,000 in some investment that earned 3% a year to get yourself $1,000 a month. Next question: How many of you could live on $1,000 a month? Don’t you need $3,000…$4,000…$8,000 or more to live? And we haven’t factored in the inflation rate, which is about 3% and is going higher. Do you have $1.2 million, or $1.6 million…or $3.2 million in investments? No young families I know have that kind of money. Only a few six-figure income earners that I know have it either. And in an economic depression…which we are in NOW…putting that kind of money away is next to impossible. But there’s a business in America right now that throws off monthly income just like an annuity. It’s my energy business. Think about your utility bills. You pay your energy bills every month, and every month, your energy provider earns a little profit on your payment. Now multiply that times thousands. Folks, there is a huge amount of money in the energy business, and you could get paid just like the big monopolies. Imagine owning a business that throws off income every month on a life-essential service that every adult that lives indoors pays every month. To learn more about this unique business, and see if this business is right for you, go to: MasterpieceEnergy.com. Watch the opening video about “Lifestyle.” Then look to the left and click on “Defining Moments” to learn about a truly recession-proof business.

Economy I: The number of actual new unemployment claims under state programs, unadjusted, totaled 381,875 in the week ending April 7th, an increase of 62,530 from the previous week. Yet, the Labor Department reported 380,000 new jobless claims last week. Whether it’s upside or downside, the government cannot tell the truth. But do not forget that over 381,000 people had their lives changed for the worse last week in America. Do not believe anything either the Republicans or Democrats are saying about this economy.

Sports Part I: Bobby Petrino, head coach for the Arkansas Razorbacks, got his ass handed to him this week by the University. Seems that Coach was riding his motorcycle and lost control, crashing on the side of a road. Didn’t kill him…didn’t really injure him much. But then the shyt started dripping onto the fan blades. Petrino had a passenger he didn’t disclose…his mistress, 25-year-old Jessica Dorrell. Where, oh where was the girl after the crash? She must have scooted. We’ve learned that Petrino handed a cherry job (pun definitely intended) in the Recruiting Department to Dorrell after over 150 other candidates applied for the job. Then the Coach failed to disclose all this stuff after the accident. Once the Athletic Director and University President learned how much Poon-hound Petrino was thinking with his little head, they fired him “with cause.” That usually means that the fired guy did something that violated his contract…in this case, likely a violation of the morals clause. His booty call cost him $18 million he won’t get paid now. The Razorbacks went 11-2 last season with a lot of starters returning this coming season. But here is the thing that I hate most. Petrino is married with four kids. He betrayed them and humiliated them. And finally in this story…we down here in Atlanta are loving the fact that Petrino got the axe. He came to the Atlanta Falcons in 2007 as a head coach and quit mid-season to run to the Arkansas job. Atlanta hates Bobby Petrino. Now Fayetteville and Little Rock do too.

Entertainment: I went to see The Hunger Games last Saturday. As an action adventure movie, it’s very well done. But then you have to think about the underlying story, which is that some of the states of the USA tried to secede, Washington defeated them and is now punishing them for their insolence and treason. The fact that the despotic State would choose 12 children to fight each other to the death is much like Washington today. The power elite, regardless of party, has no compunction whatsoever about shoving 17-year-olds and 18-year-olds into the desert to carry a rifle and get their limbs blown off. Then Hollywood makes movies like The Green Zone, Jarhead and The Hurt Locker that glorify military service. The best part of this movie is the back story, which is that this book trilogy is wildly popular with the young. That bodes very well for the future. Young people today know that are forced at the point of a gun to pay into a Social Security system that they will never get to use. They know that the national debt has been hung around their necks, not the Baby Boomers. All you have to do to get a taste of the youth disillusionment is to go to a Ron Paul rally. Doctor Paul packs football and basketball stadiums on college campuses and shares a message of solutions, not just platitudes. Go see the Hunger Games. And thank the ticket sales girl that you can see a great movie for only about ten bucks.

Dump DC: Six Letters That Can Change History.

Copyright 2012: Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.


The Principle Of The Gold Standard Part 9

April 13, 2012

Editor Notes:

I discovered a remarkable thinker and author recently. Antal E. Fekete is a Professor at the Memorial University of Newfoundland. He has written outstanding articles and does compelling lectures about money. This is a ten-part series on the gold standard. Ladies and Gentlemen, the first thing that a state must do at secession is invent a monetary system…that is the Power of the Purse. Creating gold money is a lot easier than you think.

The Principle Of The Gold Standard Part 9


The Principle Of The Gold Standard Part 7

April 11, 2012

Editor Notes:

I discovered a remarkable thinker and author recently. Antal E. Fekete is a Professor at the Memorial University of Newfoundland. He has written outstanding articles and does compelling lectures about money. This is a ten-part series on the gold standard. Ladies and Gentlemen, the first thing that a state must do at secession is invent a monetary system…that is the Power of the Purse. Creating gold money is a lot easier than you think.

The Principle Of The Gold Standard Part 7


The Principle Of The Gold Standard Part Five

April 9, 2012

Editor Notes:

I discovered a remarkable thinker and author recently. Antal E. Fekete is a Professor at the Memorial University of Newfoundland. He has written outstanding articles and does compelling lectures about money. This is a ten-part series on the gold standard. Ladies and Gentlemen, the first thing that a state must do at secession is invent a monetary system…that is the Power of the Purse. Creating gold money is a lot easier than you think.

The Fifth Pillar of Sound Money And Credit


Flash Editorials April 7, 2012

April 7, 2012

By Russell D. Longcore

The Nation I: This week, President Barry got caught talking in front of a microphone without a teleprompter telling him what to say. For those of you living under a rock, the Supremes are going to rule on whether or not Obamacare is Constitutional. Barry called them an “unelected group” (true and intentional), and that overturning the law would be an “unprecedented, extraordinary step” and that they should not overturn the law which was enacted by a “democratically elected Congress.” God, where do I start? Let me start here…Barry’s right. Not that overturning law would be unprecedented…it’s not. But judicial oversight was INVENTED by the Supreme Court in Marbury v. Madison in 1803. The doctrine of judicial review cannot be found anywhere in Article III of the Constitution. The state legislatures and state courts are where liberty should be protected and where Federal tyranny should be nullified. But poking the bear with a stick is never a good idea, and Mr. President may be sorry that he did not stay with prepared remarks. These nine robed bears remember full well when he invited them to sit in the front row at the 2009 State of the Union Address, and then scolded them in front of the world for a decision he did not like on campaign finance. Curious, though. Back then, superPACs were evil. This year, he’s planning on having some of his own. May the bears eat his law and shit it back at him.

The Nation II: What practical lessons can we all learn from the Trayvon Martin/George Zimmerman fiasco? First, don’t ever join or become the neighborhood watch guy. Mind your own business and be the watch guy for your own family or just you and a close neighbor. Do you have any idea how much personal liability you open yourself up to by patrolling your neighborhood with a firearm? I am sure most neighborhood watch groups do not buy a liability insurance policy for their acts. Second, you must know the law in your own state for the use of deadly force. I’m not saying Zimmerman violated Florida law. I’m just saying that the deadly force doctrine is complicated and changes very quickly in a physical confrontation. For example, if you’re being threatened by an assailant and you draw your firearm, OK. But unless that assailant makes a move on you, you cannot shoot him lawfully. As soon as the threat is diminished, such as you move away or he moves away, the deadly force justification goes away. If you must shoot, put two in his torso and one in his head. Dead guys don’t testify. Make sure your story is the only one you have to deal with. Third, don’t talk to cops. I’m not saying you should not cooperate, but everything you do and say will be used against you in court. And fourth, if you can leave the scene before police arrive, I recommend it. Even if you are the shooter. Get away from the scene and call an attorney immediately. “Lawyer up,” as the saying goes. So shoot, scoot and lawyer up.

The Nation III: The General Services Administration (GSA) had a big conference in Las Vegas recently, for which they spent over $800,000. They spend money on clowns, a mind reader and a standup comic. They spent $75,000 on a team-building event in which they built a bicycle. They sent attendees home with commemorative coins and a yearbook for the event. This is the government agency that is the landlord for all the federal buildings and is supposed to hold down costs. When this came to light this week, GSA Administrator Martha Johnson got the axe. I’m amazed at the amount of outrage this has generated. People, listen up. The Congress spends $2.2 trillion a year, and you get your panties in a wad over eight hundred K? Get some perspective. The GSA party in Vegas is not what is stealing your liberty and taxing you to death. Sure, it’s an example of how out of touch Washington is. But America should be storming the Capitol. Congress and the White House don’t fear the people, and until they do, not much in Washington is going to change.

International I: Hugo Chavez, President of Venezuela, has been in Cuba undergoing cancer treatments since late March. I understand he got a few minutes with Pope Bennie last week. Let’s hope the Pope brought his little vial of healing oil with him to Havana. Chavez is 57 and does not want to die just yet. He wants to dick with Washington a little more before his candle goes out.

International II: Malawian President Bingu wa Mutharika, age 78, died this week of a heart attack. He was a reformer and pretty popular in Malawi. They export a lot of tobacco in Malawi, although the tobacco goes into cigarettes, not cigars. Which brings me to a point. Are you aware of all the toxic chemicals that go into making paper? Bunches of nasty stuff. If you’ve ever lived near a paper mill, you will never forget the stench of the mill. But people around the world think it’s OK to grind up some tobacco, wrap it in paper, light it on fire and breathe in the smoke. What a lousy way to get your nicotine fix!! If you’re going to smoke tobacco, why not at least look for a stick with a tobacco wrapper instead of paper? Smoke cigars. Smoke pipes. But cigarette smoking is kind of stupid if you ask me. White men learned tobacco smoking from the American Indians. I’ll bet they didn’t die of lung cancer. I could be wrong, though.

Business: Remember back about a month ago, when the Obama Justice Department struck a deal with the mega-banks to limit the amount of money they were liable for because of the “robo-signing” of mortgages as well as lots of other criminal shenanigans in the real estate foreclosure debacle of the last 5-6 years? Well, you ain’t seen nothin’ yet! Part two of the housing slump is getting ready to happen. The big settlement now allows banks and lenders to finish foreclosures that were previously clogged up. It doesn’t matter whether the banks have legal title to the house. The inventory of troubled homes in America is said to be north of 9 million. That means that (1) in the process of liquidating these properties, values are going to continue plummeting, and (2) the housing market will not find bottom any time soon, and (3) the housing market will not begin to recover until 9 MILLION houses clear the market. That means somebody will have to accept the losses on all the foreclosures and write them off. Don’t expect the banks to do this. They’re too big to fail. By the time the housing market hits true bottom, expect to see housing prices about a third of what they used to be. Not 33% lower…67% lower. A $100,000 house in 2006 could sell in the mid-$30,000 range over the next 2-5 years. Are you in the real estate business? Are you in the mortgage business? Perhaps you might think about another career path. Last week, we talked about trends, and sunset industries. Real estate is a sunset industry. Massive amounts of overpriced inventory can only mean one thing…fire sale pricing. Does it make sense to keep trying to milk a dry cow?

That brings me to tonight’s commercial message. Energy is the last industry in North America to deregulate. Think about all the industries that have deregulated in the last hundred years…shipping, trucking, air travel, long distance services, the phone companies, and more. When deregulation happens, there is always a massive transfer of wealth from the old monopolies to the new competitors. Companies like UPS, Fedex, Sprint, Verizon, Southwest Airlines and Airtran….none of them existed until deregulation happened. And now energy deregulation is sweeping across America. The energy industry is also the biggest industry ever to deregulate, a $500 Billion a year giant. The new trend, my friends, is energy deregulation. Here’s my question: Do you want to take advantage of a fast-growing trend that will continue growing over the next 20-30 years? Every adult that lives indoors pays an energy bill every month. Energy is a non-negotiable life-essential monthly expense. Many people will pay the light bill before the rent simply because if they don’t, the utility will cut off their service. But YOU can position yourself so that you get paid a monthly income when hundreds or thousands of individuals and businesses pay their monthly energy bills. Those visionaries who get in early stand to make fortunes over the coming years! To learn more about my Energy business, go to: MasterpieceEnergy.com. Watch the opening video about “Lifestyle.” Then look to the left and click on “Defining Moments” to learn about a truly recession-proof business.

Economy I: The number of actual new unemployment claims under state programs, unadjusted, totaled 311,339 in the week ending March 31, down only 12,054 from the previous week. Yet, the Labor Department reported 357,000 new jobless claims…a number higher than the real number by over 46,000!! Folks…what am I missing? What possible benefit is there to the Obama Administration to over-report new jobless claims numbers week after week? Apparently, I’m missing some Machiavellian reason for lying to America.

Sports Part I: The University of Kentucky stepped up strong Monday night and beat Kansas for the Men’s basketball national title. Congratulations, Wildcats!

Sports Part II: The Baylor Women’s basketball team went 40-0 this season, and their last win was the national championship. And most of their star are undergrads and will return next year. I wonder how far they can extend this streak? Should be a great year for them next season.

Entertainment: Professional smartass Keith Olbermann got his smartass fired last week from Current TV, the cable channel founded by Al Gore. With a decidedly liberal, socialist-loving, big government supporting viewpoint, the channel decided that Olbermann was too much of a petulant wannabe star to put up with any longer. Current TV hired Olbermann and was building their whole persona around him. Olbermann sued Current TV for about $50 million, and his former bosses are countersueing for unspecified damages. Think about it. How bad do you have to be to get Al Gore to get a belly full of you? Go back to sports, Keith. I liked some of your stuff on Current TV, but stop being a prick.

That’s all for tonight. Thanks for watching. I am Russell D. Longcore. For all of us here at Dump D C: Good night and good luck.

Dump DC: Six Letters That Can Change History.

Copyright 2012: Russell D. Longcore. Permission to reprint in whole or in part is gladly granted, provided full credit is given.


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