Welcome to “The Michael Savage Newsletter,” your daily report on all things “Savage.”In today’s issue: Michael Savage warned his listeners that the economy is being propped up like a giant Ponzi scheme that many experts say is on the verge of a blowout again.
“I’m guessing it will take place right after a Republican takes office next January,” he said.
It’s a game that’s played. It’s a shell game.
Eight years of damage, and they throw it to Republicans to blow the economy. Or eight years of Republicans.
Look what Bush did — blew the economy, took the cash out of the Ponzi scheme.
His friends got very, very rich, or much richer than they were. And then what happened after that? Bingo. We got Obama, who rescued us.
Now, it’s going to be the same thing in reverse.
So, I expect that this economy will continue to chug along on false money until December or so, maybe into January.
Then the plug will be pulled after the really powerful people have pulled their money out of the Ponzi scheme, and we’ll be held holding the thing.
So, I don’t know how to insulate against it. I mean, I could say buy gold, and I wouldn’t be lying to you. I’ve told you to buy from Swiss America for years and years, an advertiser.
That fact is is, yes, what else are you going to do to hedge your money? Buy a wheat farm in Saskatchewan? Maybe. Maybe not a bad idea. The Chinese are doing it.
The Chinese are buying up the Chicago Stock Exchange; they’re buying our farmland in the Midwest. What a great nation this is, isn’t it?
What sane nation on earth sells its own bread basket to a foreign nation that’s not exactly friendly to us? Tell me what sane nation has no laws to stop this?
It’s called wildcat capitalism.