The Real Loser in Trump vs. Clinton: Your Money

first_imgTHE REAL LOSER IN TRUMP VS. CLINTON:  YOUR MONEYBY DAMON GELLER People get very emotional about major elections, particularly when it comes to how elections impact their money. Yet the scary reality of our modern political system is, your vote doesn’t matter when it comes to your money. While there are many systemic problems in banking, taxation, trade and monetary policy, none of these systemic problems changes in any meaningfully way by who controls the House, Senate or Presidency. Regardless of changes in party power, politicians don’t hold the REAL power in Washington. No, the sad fact is, modern America is controlled by the banking industry, at the command of the Fed. So the Republicans & Democrats have done nothing in a generation to stop the Fed & banking industry from launching us off the fiscal cliff. And neither will Donald Trump or Hillary Clinton. So if you want to protect your savings & retirement from the impending global crisis, you’ll need to do more than vote.The Real Power in WashingtonWhen it comes to money, there is no democracy or freedom, and there are no nations or citizens. Money is ruled by a plutocracy of financial institutions. They make the laws, they rule the world, and they move or remove anyone that doesn’t promote or support their agenda. Want proof? Just consider how the banks are now assisting the IRS in confiscating bank accounts of INNOCENT U.S. citizens, and even reporting their own account holders to the police! What’s more, in order for the power-brokers to survive and achieve “growth,” they rely on the constant accumulation of new public debt. In a monetary system where every dollar is created from debt, the system becomes a Ponzi scheme and only works until it collapses. This is illustrated throughout history, as every civilization and every paper currency has imploded under huge debt loads and a systemic lack of solvency.Debt Has Doomed the Nation & the DollarIn January of 2001, when Bush took office and Republicans controlled the Congress, the national debt stood at $5.7 trillion. Within 8 years, the national debt had ballooned to around $11 trillion – a doubling of U.S. debt in 8 years! Obama came into office in 2009 promising hope and change. But did he really change anything in terms of our debilitating national debt? Absolutely not. At the command of the Federal Reserve, our national debt will skyrocket to over $20 trillion by the time Obama leaves office. In short, the Fed will have increased the national debt 5 times in the span of two presidencies — regardless of which party was in power!Everyone knows you can’t stockpile $20 trillion in debt without serious consequences. What serious consequences?  The U.S. Dollar lost 33% of its value versus other currencies after 2001!Debt Has Skyrocketed GoldAs the Federal Reserve drove up debt to record numbers, what happened to gold? The chart below shows the tremendous increase in gold’s value after 2001:Gold increased over 5 TIMES in value after 2001! And this is including gold’s correction in 2013. So not only did gold increase 5 times after 2001, it’s once again a great value at these levels.Where Are We Headed?The U.S. Treasury tells us that the U.S. debt will reach $28 trillion by 2018, regardless of which party wins the presidency in 2016! That’s a staggering 58% increase in U.S. debt from where we are today. So based upon Treasury’s debt projections of $28 trillion, this would project gold at nearly $2500/oz. by 2018!Why will this happen? Because neither party has shown any serious commitment whatsoever to reduce government spending. Both Trump and Clinton have been cozy with bankers for decades, and both have promised hundreds of billions in new infrastructure projects once they become president. So their election will only result in further destruction of the U.S. dollar until the dollar finally collapses and ceases to be the world’s reserve currency, just as ALL global currencies have failed throughout history.Do More Than VoteSo does getting a new president end the political games? No. Will our debt problem go away? No. Will we get growth all of a sudden without all the “stimulus” spending and entitlements the Republicans say they want to end? No. Will the growth come even if the gov’t keeps spending and the Fed keeps printing? No. And most importantly, will the Fed be able to raise rates regardless of who wins, and will the debt trajectory change? No and No.We will be at $28 trillion in debt by 2018 according to the U.S. Treasury. The Fed will keep printing money and rates will stay in the basement for as far as far the eye can see thanks to our massive debt. The writing is on the wall. The election will have zero impact on the current trajectory of the price of gold, so gold is moving much higher. Gold is math and mathematics is a science. Politics are not. So if you want a new party in government, vote. But if you want to protect your savings & retirement, buy gold & silver. FacebookTwitterCopy LinkEmailSharelast_img read more

MORE THAN 2,000 STUDENTS STILL WAITING ON GRANTS – AND THE YEAR IS NEARLY OVER!

first_imgThe Fianna Fáil Spokesperson on Education Charlie McConalogue has revealed that there are still more than 2,200 students waiting for grants as the college year comes to an end.According to information received by Fianna Fáil through parliamentary questions, the controversial new grant processing system, SUSI, still has not processed grant applications for 328 students. In addition to this, there are over 1,900 students in dispute with SUSI over documentation that was or was not supplied.“The college year is nearly over. It is unacceptable that there are still thousands of students still waiting for a grant to support them through an academic year that is now coming to a close,” Deputy McConalogue said. “Thousands more students from low-income families have only received their grants in the last number of weeks having spent the first few months of college without the financial support they needed. Some were waiting so long that they were forced to drop out of third level education altogether. Others faced difficulties in accessing college facilities. Many families were put in an impossible position of having to borrow money, or sacrifice other essentials to put their child through college.“We are now well into May and students across the country are sitting their summer exams. It is unacceptable that there are still over 300 grant applications that haven’t been processed. SUSI has also sought to blame over 1,900 for ‘incomplete’ documentation – even though there are countless cases of students in dispute with SUSI over missing documentation. Many students have been unable to contact SUSI to get answers, or they have been told SUSI ‘never received’ documents they sent, or that certain documentation was lost.“Minister Quinn has presided over a complete shambles in SUSI. This new centralised grant system was supposed to be more efficient and eradicate any delays in getting grants to the students who need them most. The exact opposite has happened. The reality has been a litany of mistakes and mismanagement, and Minister Quinn has failed to take charge to sort them out. We need a guarantee from the Minister that this won’t happen next year.”  MORE THAN 2,000 STUDENTS STILL WAITING ON GRANTS – AND THE YEAR IS NEARLY OVER! was last modified: May 13th, 2013 by BrendaShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window)last_img read more