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Obama Victory: What It Means For the World

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Published : November 20th, 2012
699 words - Reading time : 1 - 2 minutes
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Category : Opinions and Analysis





I was on vacation during “Election Week,” so I didn’t start writing about the earth-shattering decisions made on November 6th until last week. I did so in essentially all my commentaries, but never a condensed RANT topic. Normally, I wouldn’t devote a RANT topic to rehashing older commentary; but as this topic is so incredibly important, I made an exception.

For the past month, I have written of how Bill Clinton’s 1992 campaign slogan “it’s the economy, stupid” has grotesquely morphed in the ensuing two decades. In other words, what used to imply the voting out of incumbents, now infers one must vote for the most socialistic regime – no matter who runs it.

Now that the nation, its municipalities, and citizens are in equally dire financial straits, the hope of a fresh start with a new administration no longer exists. Too much debt, the outsourcing of millions of jobs, and expanding public apathy have permanently destroyed the possibility of what Obama’s first campaign was based on; to the point that “Hope and Change” was completely abandoned this time around…

In my view, Obama’s re-election – and equally important, the maintenance of a Democratic Majority in the Senate – is a rousing plea by Romney’s “47%” to be saved from poverty, homelessness, and destitution. In other words, a mandate to “take our rights, murder innocent civilians, repeal capitalism, and hyperinflate the currency – so long as the food stamps, welfare checks, and sundry entitlements keep coming. These were not the only reasons people didn’t elect Romney; however, in my view, they were the biggest.

It didn’t help that Romney was a mega-rich banker whose business took apart companies like Richard Gere’s in Pretty Woman; or, that his campaign was pay-rolled by a “who’s who” of public enemies

Top Contributors to Mitt Romney – 2012

…and although many Republicans deny it, the bad taste left in America’s mouth by the oppressive “neo-Con” regime of the 2000’s – they of the fraudulent “Weapons of Mass Destruction” – certainly hasn’t left the nation thirsting for more.

Perhaps if the Republicans had put up “their own Obama”; that is, a charismatic demagogue with the ability to electrify crowds with rhetoric (read, 1930s Europe) – the outcome may have been different. However, even an Obama scarred by four years of abject FAILURE came across more genuinely than Romney; particularly when – as noted above – he offered more entitlements. In fact, Obama could likely have garnered more votes if he simply utilized a campaign platform of “it’s the entitlements, stupid!”

Irrespective, the END GAME of global economic implosion and currency collapse is “set in stone,” regardless of which party is in charge. In the coming weeks, this DEATH SENTENCE will be viewed “front and center” by the ENTIRE WORLD, as the upcoming “fiscal cliff” and “debt ceiling” fiascos demonstrate a new, “UNPRECEDENTED” level of bipartisan futility.

If the Republicans had been victorious, the only difference I could have envisioned in this “script” is that Romney would likely have put up a brief false-front of “conservatism”; enabling politicians, citizens, and financial markets to temporarily believe in a new brand of misguided “hope and change” – which of course, would never materialize.

As for the present, it’s ALL SYSTEMS GO for socialism, militarism, and blind disregard of the Constitution; that is, what’s left of it. And oh yeah, unfettered “monetization” by Helicopter Ben; who appears hell-bent on catching up to Japan’s “QE9” as fast as possible. Of course, he has NO CHOICE – as he must “inflate or die”; or more realistically, inflate and die.”

As I wrote Friday, the nation’s politicians, businesses, and citizens cumulatively have a penchant to do what’s “WORST FOR AMERICA, but BEST FOR PRECIOUS METALS”; and last week’s elections proved that point in spades. I expect the next four years to be the worst in America’s history – on nearly all fronts; and care of the ENTIRE WORLD’S inescapable ties to the “world’s reserve currency,” it, too, will suffer untold hardship.

That is, until financial markets FORCE the inevitable end of the destructive FIAT CURRENCY REGIME; forcing a systemic, global “reboot” – utilizing REAL MONEY.




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Andrew Hoffman was a buy-side and sell-side analyst in the United States (including six years as an II-ranked oilfield service analyst at Salomon Smith Barney), but since 2002 his focus has been entirely in the metals markets, principally gold and silver. He recently worked as a consultant to junior mining companies, head of Corporate Development, and VP of Investor Relations for different mining ventures, and is now the Director of Marketing for Miles Franklin, a U.S.-based bullion dealer.
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