Article by Bob Rinear, InvestYourself.com
First off, let me assure you that I do NOT know what happened in Vegas. But what I can tell you is what didn’t happen. One guy in one room of the Mandalay Hotel, did not shoot down 60 people and injure 500 more. Who did it and why is still a matter of speculation, but the official story simply doesn’t add up.
We watch the Narrative change on a minute by minute basis. First he had 10 guns, then 16, then 19. First he had hundreds of rounds of ammo, but then he had thousands. First he was killed by FBI hostage agents. Then he killed himself. First he had full automatic rifles, then he had “bumpfire” stocks.
Let’s do some of the simple things. This is from his Brother: “He’s not an avid gun guy at all. The fact that he had those kind of weapons is just where the hell did he get automatic weapons? He has no military background or anything like that. He’s just a guy who lived in a house in Mesquite, drove down and gambled in Las Vegas. He did stuff. Ate burritos.”
Likewise, supposedly, no one that knew him had any idea that this guy was Rambo in drag. While supposedly fairly rich, full auto rifles are a very niche area for the serious gun aficionado. I’m a huge gun guy and I have zero full auto weapons. Why?
Under the [National Firearms Act], it is illegal for any private civilian to own any fully automatic weapons manufactured after May 19, 1986. Only registered Class 3 FFLs may make them, and then only for purchase by qualified state and federal agencies. There are no exceptions. According to the ATF’s official handbook on NFA laws and regulations, it’s not even legal to make new replacement parts for pre-1986 machine guns: “There is no exception allowing for the lawful production, transfer, possession, or use of a post-May 18, 1986 machinegun receiver as a replacement receiver on a weapon produced prior to May 19, 1986.”
So what about pre-1986 machine guns? Are civilians permitted to own those? Yes, with a host of exceptions. The pre-1986 machine guns may be sold only by a Class 3 FFL and must be registered with the ATF. Easy peasy, right? Not really. The process of registering a NFA item with the ATF is costly, invasive, and time-consuming.
Not to mention the real bottom line. Yes you can find pre-1986 full auto weapons, but you will NOT find one for under 15 thousand dollars. From start to finish, you’re looking at 20 grand for ONE auto rifle. This guy had how many? Yet he wasn’t a “gun guy??”
Now they’re saying he had rifles with bump fire stocks. What’s that you ask? A bump fire is a stock you can swap onto your rifle, where it uses the energy of the ‘kickback” when you fire a round, to trigger up the next round. They take some practice to make them work right, but when you “get it right” you can almost duplicate full auto for short bursts. However, it’s not like a “machine gun” where you can just hold it and fire off 500 rounds. Sorry, I’ve shot them. Doesn’t work that way.
But let’s go with it and say he put bumpfire stocks on some of his rifles. This is supposedly “not a gun guy” and yet ONLY a gun guy would know what they are, where to get one and how to install it. Something stinks with this.
Then we’ve got the changing narrative of the witnesses versus the official story. The first reports by witnesses said that there was more than one shooter. But then that was scrubbed. Then the bizarre report by a young woman who said that some Spanish looking woman was wandering the crowd some 45 minutes earlier saying “you’re all doing to die tonight!” Who was she and what did she know?
The Express (UK): “One woman, who was at the Route 91 music event, claimed an unidentified woman had told other concert-goers they were ‘all going to die’ after pushing her way to the front of the venue…The witness, 21, told local news: ‘She had been messing with a lady in front of her and telling her she was going to die, that we were all going to die. They escorted her out to make her stop messing around with all the other people, but none of us knew it was going to be serious’…She [the winess] described the lady as Hispanic. The lady was escorted from the venue along with a man. The unnamed witness, who was attending the event on her 21st birthday, described the pair as short, both around 5 ft 5ins to 5ft 6ins tall, and looked like ‘everyday people’.”
What about this shooters “room-mate?” At first they couldn’t find her, then found her overseas and within 2 hours somehow knows she’s not connected to anything? Really? What about “reports” that they found “Antifa” literature in his room?
Naturally the ISIS folks took a page out of Chicago’s famous leader by not letting a tragedy go to waste and they piped in about it:
CAIRO, Oct 2 (Reuters) Islamic State has claimed responsibility for a shooting that killed at least 50 people and wounded over 400 in Las Vegas early on Monday, and said the attacker had converted to Islam a few months ago.”
“‘The Las Vegas attack was carried out by a soldier of the Islamic State and he carried it out in response to calls to target states of the coalition’,” the group’s news agency Amaq said in reference to the U.S.-led coalition fighting the group in the Middle East.”
Did this guy have some form of attachment to ISIS or the Antifa people? I have no clue. But what I do know is that normal every day people, don’t buy 100K worth of automatic weapons, Federal stamps, buy bumpfire stocks, thousands of rounds of ammunition, and No one knows about it. Sorry. Likewise, most “normal” people don’t go to the dark web, or the inner city and buy such weapons on the street.
I have looked at the video’s and one of the first things I noticed is that 1) the sound doesn’t’ make sense to me. This is a concert. Have you been to one? They’re pretty darned loud, loud to the point that you can rarely even talk to the person next to you. Yet you hear these shots going off like they’re right there in the lawn.
IF the only shots were coming from a hotel room on the 32nd floor, the walls, ceiling and floor of that room would have muffled the sound of those shots to a big extent. The sound coming out the front of the window, had to travel 1500 feet and then be “louder” than the music? Hmmm.
I also noticed that the direction that people were running changed twice. If you can hear shots firing, your “echo location” in your brain will point your eyes towards the sound. Your instinct would be to run away from it. But you’ll see they start running right, then change left then back to right. Strange.
There’s no end to the anomalies of this incident. So one has to ask the question, if the official story is bogus, if there was more than one shooter, if this guy was nothing but a patsy ( a dead patsy by the way) then what was the real agenda here? You can make up your own mind on that and there’s a lot of things you could ponder. For instance, I find it amazingly coincidental that this took place at the very time there’s a bill trying to go through Congress allowing suppressors to be sold without the stamps and trusts.
If you’re not familiar, way back in the 30’s Uncle Sam had an issue with gangsters and such and they passed a law that the only way you could get a “silencer” ( as they nicknamed it) was to buy a Federal Stamp, wait 9 months and then guard it with your life as it’s connected to you for ever. Well, millions of people enjoy the shooting sports and they’ve been pushing for years to get rid of this arcane law.
Think about it. If you buy a lawnmower it comes with a muffler. If you buy a weedwhacker it’s got a muffler. Or an outboard or a car or what have you. But if you buy a hunting rifle, you have to buy ear protection to keep from going deaf because you’re not allowed a suppressor. It’s stupid.
Was Sunday somehow arranged to shoot down that bill? Called the Hearing Protection Act, it’s Trumps first foray into the fight over 2nd amendment rights and the anti-gun folks. I don’t know, but in this day and age, I wouldn’t put it past them.
The bottom line here is that what we’re being sold is not the truth of this matter. Whether we ever find out the truth is debatable, But one thing is absolutely certain…the Socialists, the global elite, and most of the Democratic party, hates an armed US. They hate that Americans can own weapons. Whether this act was staged to try and ram gun confiscation down our throats or they’re simply going to use this act as their “ammunition” the fight is definitely coming. Again.
We all know that if Hillary had won, we were about to get a ton of new gun laws. Trump ran as an NRA guy. This whole scenario could have been a plot to try and get Hillary’s gun control passed under a Trump Admin. We’ll find out soon enough.
Not to be the proverbial broken record, but the market went up again this week. But then again, the market only seems to go up no matter what. The following little commentary is part of what I posted to the Insider’s Club at about 10:40 am:
Heading into the open, the “punk” futures continued to improve and by 9:33 the DOW was green by 3. Amazing stuff.
I’ve seen bull runs in my trading history. The late 90’s, the housing bubble of 04 – 07, etc. At least those you could explain away as “investors going crazy”.
This time is much different. This isn’t millions of mom’s and pops on their Etrade account. This is the Swiss National bank. This is Mario Draghi and the entire European Central bank. This is a coordinated effort by the worlds sovereigns to push for all they can get.
However, we always have to ask the question, what’s the end game?
Is it to enter in a new global currency and everyone’s inflating their markets to get a bigger “value” share of that new currency? Is it the elitists plan to attempt to buy and control interest in the worlds biggest companies? Is it that they’ve lost control and know that if they stop printing we enter a global depression?
Through out history, when things have been pushed to excess, they have solved it by war. Is this somehow the prelude to some great World war? Don’t laugh or snicker, it’s happened dozens of times.
Obviously “something” is going on here. We’re not at DOW 22,500+ because of fundamentals. There’s something going on behind the scenes that we just don’t know of yet. But I do suspect that what ever it is, is going to be spectacular when it comes.
So, once again we ended the day with green across the big three indexes. The Russell finally took a breather, losing about 4 points, but then again they’ve been up 7 days in a row.
Does it feel like musical chairs to you? We go round and round as the music is playing, all the while knowing that “one day” it’s going to stop. Tomorrow? Next week? Next year? We don’t know. But everyone with a firing brain cell can tell that we’re in a situation that simply isn’t natural. All ponzi’s come to an end. All Schemes fizzle out.
There’s something being played out here, and the exact “what” isn’t clear to us peons. Now on the other hand, I can’t whine too much. We sold our COST for almost a 3 dollar a share gain for a one week hold. Our other open positions are likewise doing well.
So, what to do? Well, we have no choice but to tag along with this madness. But we also have to know that on any given day, we could buy 200 shares of some stock, and find out we bought the exact top. A top that might hold up for many months if not years.
Let me wrap up with this. This expansion has gone on for a long time. Every time one of the big name guru’s suggests that we’re going to face a 40 – 60% correction, the comment section lights up with comments like this: “this guy’s been saying that for two years and all we do is go up, glad I didn’t listen to him”
People are; just like 1999, thinking that this is normal. The market only goes up. Talk of a big correction is silly, and on and on. I saw those same comments in 2000. I saw them again in December of 2007. I’m seeing them again now.
Yes the calls for a correction have been wrong so far. But that doesn’t mean one isn’t’ coming. I assure you, it is. We simply don’t know when. If you’re lucky and you ride this to the top and are lucky enough to step off, Hurray! You win. But if you hold through the first dip that doesn’t get bought and then the second one and third one, chances are you’re going to find yourself down big before it’s over.
Go with it until they truly start to remove QE in a synchronized effort. If you see that, you know the end is near.
About Bob Rinear
Bob Rinear started life at the New Jersey shore. Born and raised on the edge of the bay, he spent much of his youth exploring the bays and rivers of coastal New Jersey. After High School, Bob went to Gem City College in Illinois to learn the art of watchmaking, clockmaking, jewelry repair and design, and hand engraving.
After successful completion of he school work, Bob went to work for a local Jeweler, mostly doing jewelry repairs and watch cleaning. A year later, Bob went out on his own and opened his own repair shop, ultimately doing contract Jewelry repairs for some 18 different stores.
It was during this time of buying gold and silver products, that Bob realized that the price of gold constantly changed, often dramatically. What was behind the movement? He didn’t know, but he set out to find out. What he found was intriguing. Political issues, global economics, currency moves, interest rates, etc. all combined to move the price of the precious metals.
With his interest piqued, he began learning about Wall Street, and investing. What he really learned was that what people were being told, is not what was really going on. Wall Street was one big lie after another, and what the financial media was telling people was not how things really worked.
Bob started personally investing in the early 90’s, and became quite good at it. Soon word spread and people wanted to know the secret.
Well there was no secret, there was simply the work of finding out the truth, versus what Wall Street was peddling.
In 1995 Bob began a small private newsletter that circulated amongst a half dozen investment clubs, and as the popularity rose, he decided to “bring it to the masses.” He developed and founded InvestYourself.com in October of 1997, offering a free weekly newsletter and a pay-for subscription area for his members.
As Bob became more well known, he was invited onto over 200 radio shows. He was interviewed live on Fox business TV, he was quoted in the Wall Street Journal and in Barrons. He’s talked at 22 seminars covering such topics as options trading, gold and silver miners, short selling etc. Now, some 20 years later InvestYourself is still growing and Bob’s still writing.
However, one of life’s lessons taught Bob that people didn’t just need help trying to navigate the markets. He became a silent partner in a self defense weapons training company. He’s written dozens of articles about self defense, concealed weapons, handguns, ammunition, and protecting your home.
Leaning on the experience of folks that had military deployments in third world nations, Bob learned a lot about “prepping” for emergencies. Water filtration, food storage, home defense, alternative power, and a host of other useful skills. So on any particular day, Bob’s newsletter might not focus solely on markets, it might be “which carry gun is best for you?” Or, “how to stay cool when the powers out.”
Bob’s guiding statement is simple. Believe in God, always try and do the right thing, help as many as you can, and never stop learning. He’s been doing that for all of his 60 years.
Bob’s been married to a wonderful gal for some 33 years, and has two boys. He lives in Sarasota Florida, but still keeps a small place on the Jersey shore which he escapes to now and then to meet up with old friends, and chase Striped bass, weakfish and tuna.
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