23 November, 2006

STEELE: Are We There Yet?

Posted by alex in economy, Edgar Steele at 1:08 am | Permanent Link

Are We There


(Market Update 6-7)

by Edgar J. Steele

“If ever again our nation stumbles upon unfunded paper, it shall surely be like death to our body politic. This country will crash.”
— George Washington, first President of United States of America (
paraphrased from a letter to Jabez Bowen, Rhode Island, Jan. 9, 1787)

My name is Edgar J. Steele. You probably already have heard this, from both others and me, but here it is again, received over the Internet from a list member quoting an unnamed source :

“This has long been said to be the line of demarcation for the US dollar. Below $0.85 there is not much to support it. Only five or six years ago it was around $1.25. Thirty five percent is a lot of value to lose in that short period of time. From here, further decline could be faster. China – by its buying of the world’s resources – is going to create enormous upward pressure on all commodity prices. This includes industrial metals, precious metals, grains, lumber, concrete, oil, many types of food, etc. This comes at a time when many nations are simultaneously – and increasingly – disconnecting their economic associations from the US dollar. Russia, China, and several other nations have announced that they will increase the amount of gold in their reserves. These nations will buy large amounts, thus making the metal cost more. The term ‘extreme’ may apply.”

Death of the Dollar

The figures given in the quotation above are the standard quoted for the dollar as in index of six foreign currencies, each weighted by the amount of trade done with the U.S. At the moment of this writing, the dollar is at .8448 and sinking fast. Check the following link for an up-to-date quotation on the dollar: http://quotes.ino.com/chart/?s=NYBOT_DX&v=s

Since the stock market, too, is down today, you might well ask why gold and silver both closed relatively unchanged. That would be an excellent question. The answer, of course, is governmental market manipulation. Can you say “Paulsen,” boys and girls? Even so, notice that silver has crept back over $13 per ounce and gold is showing renewed strength at $530. The days of American market manipulation of the price of precious metals are coming to an end. That is, of course, because the dollar is dying.

Aren’t You Glad?

Aren’t you glad you bought silver way back when first I told you to do so (at under $4 per ounce)?

For longer-standing list members (and readers of my book, Defensive Racism), aren’t you glad you bought gold way back when first I told you to do so (at well under $300 per ounce), then switched over to silver along with me last fall (with gold pushing $500 and silver beginning to nudge $8)?

Aren’t you glad you continued to hold silver when it swooned after hitting $14 and everybody else called it the end of the silver bull market? Otherwise, you would not today hold silver at $13 and showing signs of taking off again. There is a reason they call it a bull market, you know (visualize the bull-riding event at a rodeo) and this is just the way they act. What’s more, this is just the beginning of what will come to be known as the greatest silver bull of all time.

Gold Corp: Simply Gold Plated Now

Gold Corp (GG) continues to disappoint, now having completed its non-shareholder-approved purchase of Glamis for a mysteriously over-inflated price (you gotta wonder just who got paid off and how much) and, just now, announcing that it must sell a major portion of its Wheaton silver stock to get much-needed cash.

GG’s stock price took a huge hit when the Glamis deal was sprung on us and has yet to recover fully. It won’t, not with Ian Telfer at the helm, who has proven to be nothing but bad news since he took over. I mentioned previously that we should dump GG at the first opportunity. It now has recovered enough for us to do so, but it may come back even more before year end. Consider selling GG if it coincides with your tax-planning requirements. Hell, consider selling it simply because the company now is so ineptly managed and so overtly hostile to its own non-executive shareholders!

I notice that Gold Corp’s current stock price is responding better than I expected after the Glamis deal hit the wires. I suppose that is because most metals companies are so abysmally mismanaged and, also, because so many people buy stocks without knowing anything about a company’s fundamentals. How long GG can live on past glories is anybody’s guess, but I am well aware of what happens when executives like Telfer and his crew get hold of a company.

We’ve done very well, indeed, with GG moving from just under $10 at my first recommendation to $28 today (mind you, the pre-Glamis top of nearly $40 would have been a better exit point), but now it is time to move on.

Unless something comes up that seems as sure a thing as GG did to me for the first time over three years ago and silver seemed just last year, I will recommend nothing more venturesome than the gold and silver ETFs (Exchange-Traded Funds) GLD and SLV, which are the closest you can get to physical in an IRA without some pretty fancy footwork.

What to Do

By now, you should have all of your investable wealth in non-dollar-denominated assets. Consider having half in precious metals, with at least half of that in the physical kind (up close and personal, not on deposit elsewhere). The more paranoid among us might want to up both fractions by up to double.

First on your list of priorities, of course, is your family’s safety. If you haven’t left the city, shame on you.

Next is protection, which is what firearms and training for every family member are for.

Next is security, even in the country. Can you spell B-I-G-D-O-G?

Next is water (you live in the country, so you should have a well, else you better get this handled some other way).

Next is food. Freeze dried and nitrogen-packed stores best and is best stored in a basement or root cellar. Have a way to conceal it on short notice. The US government, less than a century ago, went door to door, confiscating what it called “food hoards.”

I have an extended discussion in my book on all these points. Incidentally, WWIII and Depression II are moving along exactly as I laid out in my book. I expect the correlation to continue.

America’s Drift Plummet into Tyranny

What surprises me is how quickly things now are moving. The government’s obvious haste to complete erection of its police state tells you all you need to know about how soon it thinks that America will become chaotic.

Those of you who, like myself, have a higher profile than average as dissenters and government critics (“traitors,” to use the terminology of Bush and Cheney), need to have an escape route planned, particularly since DHS is enacting a rule to require its clearance BEFORE we can leave the country, even with valid passports.

Already, with the ink not yet dry on the Military Commissions Act and habeas corpus still warm in its grave, I am getting reports of “disappeared” Americans.

Just like the ancient Chinese curse, we certainly “live in interesting times.” I recall being dismissed for sounding apocalyptic when speaking of precious metals and the need to play Y2K all over again. No more. I also recall all the hate mail I got for calling for Bush’s impeachment again and again over the past few years. No more. I called the in-progress economic collapse when times were good and we were flying high and I was dismissed as a nut. No more. I said America fast was becoming a police state and I was labeled a conspiracy theorist. No more. Unfortunately, I have been right all along. I regret to advise that I expect to continue being right. America was nice while she lasted, but now the party is over.

We Have Arrived

In radio interviews, repeatedly I am asked by callers, “When? When will all this happen?” My answer: “Right now.” At most, we have five years before the wheels fall off completely. More likely: two or three. It is quite possible that the world could be a very changed place within just the next year, even without Bush invading any more countries.

Look around yourself at the walking wounded. Those living on the proceeds of refinancing their homes. Those stunned by the drop in housing prices. Those underemployed hamburger flippers who still think they will get new jobs as engineers, architects, plumbers, electricians, lawyers or any of a number of professions and occupations now made superfluous by outsourcing, illegal immigration and Wal Mart.

Already, many are having trouble properly feeding their children.

Already, many merely sit, waiting for the sheriff to come and evict them from homes already foreclosed by the banks.

Already, many are counting pennies and finding themselves woefully short at month’s end, with no way to make ends meet.

Record numbers of Americans do without health care while being taxed to support federally-mandated free health care for illegals.

Record numbers of Americans stave off bankruptcy by selling all that they possess while keeping up appearances.

Record numbers of Americans are getting the first, faint hint of the coming despair.

When many more start living out of their cars and go door to door in seek of work or a handout, you will know that the riots are just around the corner. That is when the police-state structure now in place will heave into action. That is when Americans will begin to die in much larger numbers than now at the hands of their own government. That is when you no longer will hear from people like myself.

If you haven’t done everything I have outlined, you are living on borrowed time. If you haven’t done anything, you are out of time, I am afraid, as the things I advise take time … years, in fact. Do what you can with what you have, always keeping a keen sense of your priorities, but do something now!

My name is Edgar J. Steele. Thanks for listening. Please visit my web site, www.ConspiracyPenPal.com, for other messages just like this one.


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  7. 20 Responses to “STEELE: Are We There Yet?”

    1. silverstein wtc7 Says:

      let me tell you something red rodger/gingerang george. jews really are like a specially trained killer dog predator. all the worlds chess champions have been jews, save maybe the cuban mud crud capablanca.

      they wont stop, and if you dont start thinking cold and collectively like a kike and go for the throat you will lose. whites are better and smater than them, but they need a real strategy.

    2. silverstein wtc7 Says:

      they were a western asian tribe who controled this land mass

      mixed with the bile hate of the judiac religion and the fact that they are indded \”semitic\” even after living outside of semitic/asian lands all this millenia.

      they were known and feared for their barbarity and fierceness then, how do you think they would be after 1,200 with nothing but mating amongst that fierce asiatic breed of 4,000 sealed semitic criminals and khazar slaver land pirates.

    3. pseudo-doc Says:

      What wealth? I have no wealth. Oh, well.

    4. Celtic Warrior Says:

      Very interesting but perhaps too apocalyptic. Surely a collapse of this magnitude is the last thing the jew machine would wish for given that their policy of incremental change and gradualism has thus far been so successful?

      What about our brothers in the ‘homelands’, what lies in store for them, particularly the countries of the jEU?

    5. Wulfram Says:

      Mr. Steele paints a ‘rosy’ picture of the future of our world (and America in particular). It really is hard to look beyond the coming despair that so many are not aware of because of media and governemnt (our own self-deceptions?). Hardly anyone wants to face facts about what is coming in such a short time.

      Any big city, though, should tell the tale of how bad things are (have been for years) when women will prostitute themselves just to afford an escape from the misery of their lives. Men, too, will do almost anything to escape the harshness of reality.

      Thinking in family units would seem to be the one and only true way to ride out the times of trouble we see coming rapidly.. Obviosuly, a lot have no real family and are disconnected from the whole by circumstances (that they were not wise or brave enough) to face up to and do something about.

      I feel honoured to know that my fellow WN (racialists) ‘commoners’ and leaders amongst us are really getting this evident downtrend in societal health and bellow it all out for us to take heed…especially those, like Steele, who give concrete avenues of preparedness.

    6. Mati The Estonian Says:

      MrBushi is coming.
      US “president” (You still remeber those election fixes I hope) Bush is coming to Estonia in 27-28.11 and after that he goes to NATO summit in Riga.
      So as many of You guys now I hope US fleet (not all) is somewhere near Iraq and Iran and just under the reach of “choosen people” army and they rockets.
      NATO summit will be 29.11 (2[second]9.11) – where was Bush in [first] 9.11 ? Out of the way – in Florida if I recall correctly – now its Latvia (he is SECOND US president visiting this country reacently – Clinton – sound familiar?) allso “out of the way” …
      I know making statments like this is not good thing but anyway – I hope nothing will NOT happen …

    7. Anti-ChristINSANITY Says:

      WHY is Silverstein WTC7 STILL being allowed to post here???????
      PLEASE!!! NO MORE Silverstein WTC7 allowed on the blog!

    8. Mati The Estonian Says:

      Hey Anti-ChristINSANITY – YOU must allways know what You atagonist does. Better keep tabs on him up close and personal then let happen situation when You dont now where he is and what he is doing. Like old wisdom says – Keep You friends closer and You enemies even closer.
      Thats the reason I dont complain things like this. It keeps me updated what people like him thinking and gives me better position to counter attack if nessesary.

    9. Curt Maynard Says:

      Go Steele!

    10. Olde Dutch Says:

      A dollar collapse means higher interest rates. Those with money will take advantage of the higher rates. Start looking around for CDs that pay a varible interest rate and then ride those rising rates up. Right now you can get insured CDs paying around 5.50% varible. Once the interest rated look to have peaked and start to decline you can lock in on longer terms to take advantage of the higher longer rates of interest.

      I bonds look good, and will look even better if jewboy Ben Shalom raises the base rate on I bonds which he will be forced to do now. I bonds are tax deferred and in certain cases tax exempt. They are exempt from state and local taxes.

      Gold, silver, guns and freeze dried food will only help the jews who sell those things. :)

    11. brutus Says:

      As long as the jew can keep the illusion alive that our money is worth something, not too much will change. The downward spiral is in jew-approved controlled descent. This enables them to squeeze every last drop of life from the host nation before they hitch a ride on the back of the next victim nation.

      As far as other countries not accepting the dollar; The jew will tell the masses that those countries hate our freedom and then have Bill O’Reilly put them on the shit list along with Iran and North Korea and anyone else who dares oppose. Then that international specter will have no effect on consumer confidence because those countries are haters and everyone knows that it doesn’t matter what haters think.

      Whether bull or bear, it doesn’t make a difference to the jew, as long as there’s confidence in the dollar. Depression – recession doesn’t matter either, the jew is ever on either side because they control all of the financial variables. They’ve been at it for a long time and they make sure that they profit whichever way they manipulate the economic throttles.

      Now along comes those pesky White Nationalist loudmouths like Ed Steele acting the whistle-blower, and he has every right to be concerned with his own welfare. The jew will indeed try to take him out. First the slander campaign, then if that doesn’t work…..

      Be careful Ed. Hopefully, we’ll get to them, before they can get to you.

      BTW: You’re bravery is exemplary and I deeply appreciate your concern and love for us.


    12. All Jewseatasscrack Says:

      “all the worlds chess champions have been jews”

      Patently untrue. Why do you allow this swallower of zhid and groid seed to post here? The ‘other side’ has outlets aplenty. There is no need to be ‘fair’ at this site. Or is there something we aren’t being told?

    13. Alljewseatmanass Says:

      Bobby Fischer ain’t a jew and he won the world chess championship. He hates jews.

    14. Elite Aryan Crack Smoker Says:

      “Or is there something we aren’t being told?”

      It should be noted that after 40+ years, all of Pierce’s ideological descendants (VNN included) sum totally have zero political power.

      In fact, they give unblinking economic support to whatever the Judensphere slides across the table.

      Sure looks like intentional self-marginalization to me. Mazel tov.

      Either that, or these people are too arrogant/complacent/stupid to survive the Darwinist cut. After all, they worship a guy that got his whole country gangraped, starved, and bombed to ashes because he didn’t want to work with other White people (Slavs – Vlasov) outside his Master Race.

    15. Stinger Says:

      E.A. Cracksmoker – study history a bit more – in fact read Irving’s “Hitlers War” – it was kind of hard for that “guy” and his people to work with the Slav’s when Stalin and his henchmen were plotting war against him – along with the old Bedwetter and the American reactioniares. Forty years is not much time, historically, for a revivial of the Fascist ideal – it will come, probably most strongly in East and Central Europe. Hard to say about “Amerikwa” – I think most Whites are too skull fucked by the Judeao-Wigger-Nigger culture to every do squat – except just phase out in the big brown/black mass that is engulfing them and their Evangalical Twink religion.

    16. bryan o'driscoll Says:

      Re Olde Dutch:
      There is an underlying presumption in what you recommend and that is that there will be a system still there to honour your bonds. A stock advisor whose newsletter I read occassionally states that he has one wall of his office covered with bonds issued by various extinct governments, eg the Tsarist, to remind himself that governments and societies don’t last indefinitely. Those bonds will only be valuable as long as there is a US government to honour them. Perhaps a new US Soviet will renege. What is coming is going to be far more world shaking than the depression of the 1930s. The amount of debt accumulated by the government and the people is away beyond precedent. With even the most honourable and patriotic group of men at the helm a depression would be unavoidable; but with the evil vermin presently in control a disaster is guaranteed. My personal feeling is that there won’t be a United States fifty years from now. You cannot import millions of Third World parasites and criminals and fund a huge breeding program for your niggers and expect your society to be able to continue as before. A racial civil war is inevitable. If Americans who died in 1950 came back now they would not recognise the place and would be repelled by it. It will be even more unrecognisable in 2050 and I suspect that those US bonds might be on some other sage’s wall.

    17. Elite Aryan Crack Smoker Says:

      Respected Stinger:

      Re: Hitler and the Slavs

      Uh, read up on General Andrey Vlasov. Dear Uncle Adolph could have had prolly five million *Russian* troops on his side who hated Stalin more than he did, and who had hometown-knowledge of the battle zone. Not only would these men fight with ferocity for their homes, they would fight as if they were already dead – which, considering Stalin’s Order#227, they were.

      Fucking Irving’s another para-Pierceling: “We’re right – so that means that we’ll win.”

      Yeah, tell that shit to the bloody fangs of the monster.

    18. Elite Aryan jew-baiter Says:

      “After all, they worship a guy that got his whole country gangraped, starved, and bombed to ashes because he didn’t want to work with other White people (Slavs – Vlasov) outside his Master Race.”

      This quote proves the elite crack smoker is another ass-crack licking yid.

      Nothing lasts forever. Not countries. Not jewish power. Look at what they’ve managed to do over the centuries. They build up, gain power, then collapse, get trampled, and have to start all-over-again. They’re doing it again here and in Europe, it’s all going to collapse-again, and when the dust clears, they’ll try and run to Patagonia, China or maybe somewhere in Africa. But it won’t work. We aren’t seeing the end of whites, we’re seeing the last hurrah for the yids. On some level they feel it, which is why they are so panicked. They just don’t realize what has them panicked, frantic. We see it in their actions on the world stage, all the way down to the foot soldier level work of VNN’s own “elite aryan” crack sniffer. Their panic shows, but they don’t realize why they are panicked. Their egos are too big, which is why we see so much of the crowing, the mocking, near the end of their run at the top. No doubt they were doing the same in Spain centuries ago. Same in England. We’ve seen the evidence they were doing it in Germany. It’s their nature. It’s also a sign that things are winding down. They will walk themselves into another drubbing. Itz their way, itz. It’s their self centered arrogance in action. They can’t fight their genes any more than nogs can’t counter their impulses.

      Let elite crack licker and silverstein WT7 crow from their HIllel House headquarters all they want. In the end, their heads will be in the dirt or on sticks. Humanity will be all the better for it.

    19. Elite Aryan Crack Smoker Says:

      Uhhmm… except maybe for the Stalinist purges, the Jews didn’t “take a drubbing and had to start all over again” anywhere – not in the 20th century. The *OberJuden* (East & West) were in firm and ubiquitous control throughout the teens, twenties, thirties and FORTIES… and into the present day. Disregard of this breathtaking asymmetry in power is what has kept pro-White activists without a pot to piss in for half a century.

      Let’s *hope* things go terribly wrong for the Jewsters, but it won’t be because of material resistance of the Pro-White movement, because – there is none; just passive-aggressive fulmination from people like the previous commenter, the one who is obsessed with ass cracks (?).

    20. Stinger Says:

      EA (Ass) Cracker is just demoralized because “Whites” in Amerikwa are spineless wonders, clearly going down the tubes of historical and biological extinction on this continent – he knows no history – the Yitts were not in charge through the early part of the 20th century and were OUT of Europe during the Fascist revolutions – it has only been since the unfortunate outcome of WWII that the Kike really has taken control of the US and Western Europe in both a complete political and cultural sense – and you can see the virtual elimination of American, British , French and Spanish culture (and the races), being supplanted by Moors, Paki’s, Somalis, etc. The better blood of Eastern Germany, Osterreich, central europe, combined with Russia will revive the race/culture.