2010 Is Just Deck Chair Politics On The USS Titanic By Ron Holland
(2010-11-28 at 20:54:57 )

2010 Is Just Deck Chair Politics On The USS Titanic By Ron Holland

" Every election is a sort of advance auction sale of stolen goods. "
- H.L. Mencken

The political consensus is following the 2010 election, the Tea Partiers
and the GOP establishment will breathe a sigh of relief and celebrate
their victory and our two-party monopoly system of government will
continue as before. A GOP House majority will checkmate Obama and the
Democrats in the Senate and political stalemate will result. Many
conservatives and a few Washington pseudo-libertarians will claim
stalemate is better than a Democrat landslide but they will be wrong.

Like the Titanic, the Washington-Wall Street ship of state hit a Federal
Reserve created iceberg under the command of George W. Bush with the
recession-depression. Again, like recent evidence suggests, the original
Titanic hit the iceberg and sank so fast because of a steering mistake
turning the ship in the wrong direction which could have been avoided.

In a similar fashion, both Obama and Bush, following the self-serving
orders of Bernanke and Wall Street steered the nation directly into the
current depression and coming national debt and dollar collapse by
following Keynesian economic principles instead of letting the market
quickly resolve the crisis.

Everything you read or see on the establishment propaganda news outlets
is just a rearranging of the deck chairs on the Titanic as the ship of
state is certainly sinking.

The goal of productive American citizens should be to get as far away
from the ship of state as possible to avoid the downward pull a sinking
vessel exerts on everything in the water as it goes under.

The Establishment Political Consensus Is Dead Wrong

America today is a one-party state much like the Soviet Union, China or
Nazi Germany and both nominal political parties are just façades
presented to the public to create the illusion of competition and choice.

The Establishment Leadership In Both The GOP And The Democrats
Represent The Goals Of The Same Special Interests.

Our ability to "throw the bums out" every two or four years is just a
release valve built into the political system which guarantees the
continued elite control of our political process. Although there are
some patriots in national politics in both parties, they never are
allowed to take control of either party or the closed political system.

Before the summer of 2011 is over, the Tea Party supporters will already
be angry and disappointed as the GOP elites will maintain the status quo
and there will only be empty rhetoric rather than political action to
control spending, curtail the deficits and limit government. When the
coming debt and dollar crisis takes hold, I guarantee the GOP will have
an action plan supported by the Democrats which will pass with bilateral
support to solve the economic crisis. The solution will be the theft of
your private wealth and promised benefits all done in the public
interest to save America.

Why Only Nixon Could Go To China

And only the Republicans will be able to steal most of your wealth and
get away with it with the acquiescence of the Democrats. Only older
readers will remember the above political metaphor as it suggests
additional legitimacy for politicians making "tough decisions" can result
when strong supporters of a political viewpoint suddenly change their
views and direction always in the public interest for a crisis etc. In
other words, only Nixon, perceived as a rightwing conservative could have
opened the door to China in 1972 as a liberal Democrat would have been
criticized, attacked and thwarted by the opposition GOP.

What Asset Will Be lost Or Auctioned?

As America goes under, here are 9 assets and guarantees likely to be
stolen by the politicians and then auctioned off to buy more time for the
Washington elites of both political parties. Do not believe anything
anyone from the establishment tells you as it is always false information.

Social Security Theft - As we see today in France, Social Security
retirement ages will be further extended into the future. Wealthy
Americans will be "means tested" and entirely forfeit their benefits and
Washington will eventually end cost-of-living adjustments for all but the
poorest Social Security recipients.

Solution: If you are eligible for SS benefits start taking them as soon
as possible even at the lower rate and age currently age 62.

Rising Income & Estate Taxes - This is already a done deal by the
Democrats and there will be some minor temporary pushback by the GOP
but nothing of substance.

Solution: You might get one more year of the Bush tax cuts so throw all
income possible into 2011.

National Health Care Expands - Again, some minor changes by the GOP and
Blue Dog Democrats but it will never be overturned and in a few years
this travesty will be just as supported by the Republicans as they now
support Social Security, the Department of Education and the Patriot
Act today. There Is No Solution.

The Risk of Private Gold Confiscation Will Go Up - When the dollar and
Treasury market crashes, Washington will enact legislation against gold
investors to curtail your profits, add a confiscatory non-productive
asset tax or confiscate your gold with some type of fiat currency
exchange. In any case, they plan to end up with your gold as this will
be the basis of a restored dollar.

Solution: Move most of your gold offshore in a legal and reportable
manner but outside the threat of closed or paralyzed banks, US
investment firms and desperate politicians.

Home Values Will Continue To Fall - The long-term effects of the Fed and
Wall Street bank created boom and subsequent real estate bust along with
the foreclosure crisis now beginning will likely continue to weigh
heavily on home prices.

Solution: Wait to buy any property you need at a lower price and walk
away from properties outside your residence now sinking further
underwater.

Confiscation of Large Retirement Fund Accounts - The long-term
confiscation and control idea is to eventually force all retirement
benefits under the new automatic-mandatory IRA program where everything
will be combined with and managed like your Social Security benefits.

Wealthy And Productive Americans Will Find Their Retirement Benefits
Used To Support The Trillions In Underfunded Union, State And Local
Government Employee Plans.

Solution: When possible, move your substantial retirement assets legally
offshore to escape a future liquidity crisis when the theft will occur
and drawdown your balances by taking withdrawals as soon as you can
without an early retirement penalty.

A National Sales or VAT Tax - This will be a quick revenue generator for
the Feds but will probably start out somewhere between 2 percent to 5
percent and rising quickly after that to confiscatory levels.
Americans in low tax brackets may initially be exempted from this tax.

Solution: Make any major purchases sooner rather than later.

An End to the Home Interest Deduction - Again, this will be a quick
revenue generator for the Feds but will put additional downward pressure
on home prices. There is no solution but never buy anything tangible or
even an investment for tax benefits. as tax preferences always change
and never in your favor.

An Organized Collapse of the Dollar - The Feds fully hope to get some
control over the outstanding national debt externally and internally
over transfer payments by depreciating the dollar. How they hope to
accomplish this without creating a run and collapse of the dollar and
Treasury debt is beyond me but this is their intention.

Solution: Diversify your wealth internationally outside the US in banks
and annuities, equities, bonds and real estate not denominated in
dollars. Buy gold bullion, quality gold mining and national resource
stocks outside the US.

The Bottom Line

It really does not matter where you sit on the deck of the Titanic, you
have to get off the boat quickly in a lifeboat of your own design. The
call for "women and children first" and "there are plenty of lifeboats
for everyone" will just be misinformation to enable the leaders of
Wall Street, Washington and the Fed to hide their identities, assets
and involvement in creating the crisis.

I can not wait to see Bernanke, Bush and Obama in a lifeboat disguised
and dressed in womens clothing along with most of Congress and the Wall
Street insiders. May the sharks not be too hungry and the water not too
cold so they will suffer longer. Or as Jimmy Buffet put it so well: You
got fins to the left, fins to the right and you are the only bait in
town.

October 23, 2010

Ron Holland is a contributing editor to the Swiss Mountain Vision
Newsletter and Freedom Matters published by Appenzeller Business Press.

Copyright © 2010 by LewRockwell.com. Permission to reprint in whole or
in part is gladly granted, provided full credit is given.