Redneck Review
No. 93 - 1/30/2017
Time and events march on! It is now around ten days since Donald Trump was installed as our next president, and already many policies differing from the previous administration are being proposed! Permission to continue the long delayed pipe line in central America has been given, with a large increase in employment possible in that region. Also, VP Pence recently made an appearance at the national pro-life gathering in Washington D.C, giving a talk there supporting president Trump's pledge to stop the federal tax support of abortions. And his pledge to nominate a pro-life person to the Supreme Court in the near future!
Which reminds me of a couple of related things. First, in the last review, it was asked that someone might explain how killing an unborn child in the womb, often by the most brutal methods, cannot escape the verdict of murder! This column waits for the explanation! And related to this question is the reply I received from a grandmother who reads this column, claiming that she had a grandchild that was born with an amazingly small weight of 1 lb and9 oz.! She went on to claim that the child is alive and well!! Amazing! The smallest child I have ever heard of yet who survived the birth process, and is alive and well today!
And then of course, the liberal and progressive element in our society continues to complain and insult the new president, daily mocking him or insulting him with gross cartoons in daily papers. But this is to be expected as the liberal element in our society can tolerate no point of view other than their own! What a mockery of the meaning of the word liberal!
One serious problem with the Trump administration looms hard on the horizon however! The program he champions is sure to add billions to our national debt, at least for a significant period of time. And increased debt and increased money in circulation can only lead to more inflation in the future! One needs to ask just how long this can go on before the creeping rise in prices becomes a galloping one, hyper inflation its called by economists! When one looks at prices back in the mid 1900's, and compares them with those we see today, it is obvious that the dollar has lost at least 90% of its value! Even a similar rate would threaten to make the dollar worthless, and the forces working on its destruction are much greater today than they have ever been in history! Simply put, a person should prepare for galloping inflation!
I tread on controversial ground here, but I am betting that the stock market will soon crash or at least take a serious turn down, probably to 50% of its present value. I am unwilling to say when, but the evidence that it will happen is there for anyone to see. The low interest rates set by the Federal Reserve cannot last forever, yet any attempt to raise them significantly will prove to be a serious blow to debtors and the economy! You will not get a prediction here when this will happen, but I am stepping out on a limb to claim that it will happen in my lifetime, probably only a relative few years from today!
While out on this proverbial limb, it is claimed also that in the same short future, we will all see a huge increase in tangible assets, like silver and gold. For a ton of reasons, I claim that silver is due for a huge price increase, any where from $100/oz to even $1000/oz! In the space left, here is a brief summary of those reasons, with more detail to follow next week.
1) Over the past 50 years, the total available silver in the world was five times greater than the available supply of gold, whereas today the silver supply is only about one fifth the amount of gold. 2) Amazing new uses are depleting the supply faster than ever, and the price of silver has been held down deliberately, creating a potential serious shortage. And the historical ratio of silver to gold, 15 to 1, is now near a ridiculous 74 to 1! It will adjust... some time!
Jake Wren

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