The TreeceCo Report
By Tony Treece
Lately, I have been asked what has prompted my interest in more fully understanding our current events. For the past 30 years I have owned and operated TreeceCo. The vision for my company has taken many shapes and forms, but I’ve always sought to protect our clients from possible turmoil.
Several years ago I began realizing that there is more to the story than what meets the eye. I’ve fought my way through the red tape of government regulation for years now, and I wanted to know what is really going on. Is all the government regulation there to really help protect people?
When President Obama was campaigning in 2008 he said, “We’ve gotta have a civilian national security force that’s just as powerful, just as strong, just as well funded as the United States military.”
The Department of Homeland Security (DHS) is becoming Obama’s “civilian national security force.” And well armed they are. The government has spared no expense in providing DHS with copious amounts of ammo, enough to fight a 25-year war with the American people, automatic machine guns, and light tanks designed for American roads.
In Obama’s State of the Union address he bragged about bypassing Congress to enact his executive orders. The precedent for dictatorship is being set in America, but what are we doing?
With bipartisan support the National Defense Authorization Act (NDAA) was renewed this year. The American Civil Liberties Union (ACLU) said, “For the first time in American history, we have a law authorizing the worldwide and indefinite military detention of people captured far from any battlefield. The NDAA has no temporal or geographic limitations. It is completely at odds with our values, violates the Constitution, and corrodes our nation’s commitment to the rule of law.”
So we have DHS buying supplies for a war, then we have Washington passing unconstitutional indefinite detention laws. Do you think we should be taking note?
Why do we need the Department of Homeland Security? We have a vast military and National Guard units in each state. What purpose does DHS serve? In communist Russia the KGB persecuted many innocent people, and was funded by the taxpayers. I fear that DHS could become a modern-day government agent of terror like the KGB.
This begs the question of why.
In President Obama’s State of the Union address he introduced a new government IRA, “myRA.” I have been warning since 2008 when Congress debated mandatory contributions to “Guaranteed Retirement Accounts.” These accounts were to invest in government treasuries like the myRA and only have a 3% return.
This will be rolled out in an altruistic context. It is being sold as a way to help the less fortunate who do not have access to ways to save for retirement. Participants will be able to start an account with an investment as small as $25. The money will be invested in government treasury bonds, much like a savings bond.
In the country of Argentina the people are required to buy government bonds or go to jail. Do you think the myRA could be setting up the infrastructure to roll out a required government bond? After all, President Obama flat out lied to us when said in the State of the Union address that U.S. unemployment is at its lowest in five years. We witnessed a President who was intellectually fatigued during the State of the Union address, and what’s worse, he had nobody to blame but himself.
If you think it’s just me saying these things, think again. Terry M. Hestilow, a retired United States Army Captain from Fort Worth, Texas, wrote to Sen. John Cornyn, warning that the DHS is preparing to go to war with the citizens of the U.S. He said, “It is with gravest concern that I write to you today concerning the recent appropriation of weapons by the DHS that can only be understood as a bold threat of war by that agency, and the Obama administration, against the citizens of the United States of America.”
Retired Army Lt. Gen. William G. “Jerry” Boykin, founding member of Delta Force and later deputy undersecretary of defense for intelligence under President George W. Bush, said, “I believe there is a purging of the military. The problem is worse than we have ever seen. Morale is at an unprecedented low.”
In the 1960s two Columbia professors developed what is referred to as the Cloward-Piven Strategy. Remember, Obama attended Columbia U. where Cloward-Piven originated. ObamaCare is the manifestation of what he was taught.
From Wikipedia about Cloward-Piven, “The two stated that many Americans who were eligible for welfare were not receiving benefits, and that a welfare enrollment drive would strain local budgets, precipitating a crisis at the state and local levels.”
Are we not constantly seeing this all around us? A Farm Bill just passed Congress this week with bipartisan support. Over 80% had to do with food stamp programs according to the Heritage Foundation. Even Republicans are plotting for our demise. There are over 101 million people using some sort of food subsidy today.
If you still didn’t believe the myRA program is a bad idea, please note the 7th Circuit Court of Appeals ruling that when you deposit money in a bank, it’s no longer yours. You are considered an unsecured lender to the bank. When you deposit money in a bank you are loaning your money to the bank. When that bank no longer exists, you will be paid your money last, because you agreed to an unsecured loan to the bank or credit union.
Henry Ford wisely surmised, “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.”
You may say, “That’s fine because my money is FDIC insured…” Allow me to demonstrate why that sticker on your bank’s window is nothing more than decoration.
There are $9.5 trillion in deposits at U.S. banks. There are $1.2 trillion in currency circulating. And the FDIC has only $33 billion to insure the $9.5 trillion in deposits.
There are only $1.2 trillion in cash and coins circulating. This only accounts for 7% of the money in circulation. Meaning, 93% of our currency is electronic money and can instantaneously vanish.
You may be skeptical. Most would probably say, “but this could never happen.” Our government has already said it’ll happen… Last year Federal Reserve Governor Jeremy Stein had this to say about depositors losing money: “Perhaps more to the point for Too Big To Fail Banks, if a Systematically Important Financial Institution does fail I have little doubt that private investors will in fact bear the losses—even if this leads to an outcome that is messier and more costly to society than we would ideally like.”
In December 2013 the International Monetary Fund (IMF) issued a report authored by two Harvard professors that we should note. For reference, the IMF’s stated objective is to promote cooperation with various countries in trading and debt payments to each other and to “assist with poverty reduction.”
The paper stated that with the amount of debt we have, the research demonstrates that our economic woes will last at least 20 years. “The endgame to the global financial crisis is likely to require some combination of financial repression (an opaque tax on savers). Outright restructuring of public and private debt, conversions, somewhat higher inflation, and a variety of capital controls under the umbrella of regulation.”
What does this mean? A tax on savers is code for a bail-in. Meaning, money from your bank accounts, 401K, and IRA... outright theft of your savings! Still think myRA is a great idea?
The IMF has stated in other reports that this will first be implemented as a 10% Wealth Tax.
You may say, “I’ll cash out of my stocks and bonds when this becomes an apparent problem.” There must be liquidity when you want to sell to be able to sell your stocks. If there are no buyers, you will ride the market to the bottom.
Billionaires are selling their positions. Warren Buffet is selling any stock that depends on consumer purchasing habits. Remember, 70% of the U.S. economy is dependent on consumer spending. Why is Buffet sour on consumer spending?
Just last week I was speaking with a client who had invested in ETF. When he logged into his account he noticed his shares had drastically decreased. Not understanding what had happened he called his brokerage company. They informed him that the ETF company had gone through “double reverse stock split.” Meaning the company was doing poorly so they reduced their outstanding shares by adjusting the price per share up, but taking four shares for everyone else’s one. So he lost three-fourths of his shares with no notification. He did not have a chance to sell or make a move. This is how most people will be swallowed up globally in their investment holdings.
Billionaires John Paulson and George Soros are following Buffet by dumping millions in stocks that are dependent on the U.S. economy. Newsmax states, “It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.”
When the mainstream news reports that it’s time to sell your stocks and mutual funds, you’ve already lost it all.
We as conservatives are always on the defensive. Think ObamaCare, Common Core, Agenda 21, Gun Control. You must be on the offensive with your finances, because the defensive will be beat before they ever start.
According to Wikipedia, “normalcy bias” causes people to underestimate both the possibility of a disaster occurring and its possible effects. This often results in situations where people fail to adequately prepare for a disaster, and on a larger scale, the failure of governments to include the populace in its disaster preparations.
During September 11th many in the World Trade Center returned to their offices during the evacuation to turn off their computers and ultimately died when the towers collapsed. More than 70% of survivors checked with others before deciding to evacuate.
Understandably, when people learn about our economic mess and how it will completely devastate most people, they talk with their friends or financial advisors. Their friends and stockbroker assure them that this could never happen.
There are three things you should do to prepare for government overreach and the uncertainty that persists. I wish I had space to get into them, but I don’t here. And if I did, I would be guilty of malpractice for giving general advice. Please, give us a call to begin preparing your finances for the new economy.