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NOT AGAIN: Stocks In CORRECTION TIME!

This article was contributed by Portfolio Wealth Global.

Obviously, the Democrats have a VESTED INTEREST in making sure the Republicans get down ON THEIR KNEES before a stimulus package is approved since markets would be negatively impacted until it happens.

They want them to beg.

What’s going to happen in the next THREE WEEKS is that you’re going to see what going for all the marbles means!

All of the skeletons, dirty laundry, and smears possible will BE IMPLEMENTED.

Courtesy: Zerohedge.com

PortfolioWealthGlobal.com believes that you’re ABOUT TO SEE what’s called a RECESSION-FEAR sentiment kick in, since everyone has now BEEN CONVINCED that there’s no recession in sight, so any vaccine delay or SECOND WAVE of infections and hospitalization bumps will BE DETRIMENTAL — investors have made a killing since March, so there will also be profit-taking!

Here’s what we think is most important of all: there will BE VOLATILITY, maybe even for a few months, until the FINAL TALLY is determined and we have an officially confirmed president.

In our opinion, because of Covid-19, the economy is moving towards certain industries, which will get SUPER-STRONG. We actually will have a new report out; the PREVIOUS FOUR (2, 3, and 4) have been tremendous successes.

Do you know who cares most about equities? WEALTHY PEOPLE!

Do you know who cares about jobs? THE REST OF US!

Courtesy: Zerohedge.com

I want to tell you that the best thing you can do is find out how to take YOUR SKILLS and capitalize on them, since this recovery is going to offer plenty of opportunities.

The coronavirus has shown me how limited governments are at solving personalized issues. Everything is either comprehensive and broad-based and just inefficient.

So, what are my notes to you?

  1. If you’re STILL EMPLOYED, see what more you can do for your employer. Begin to get things done with HIGHER QUALITY and come up with ideas for improvement.

Go the extra mile so much that he thinks you’re A CHANGED MAN.

Think and then act as if the business is yours!

You’ll see results; in fact, you won’t believe the outcomes of a CHANGED ATTITUDE and approach.

  1. If you’re BETWEEN JOBS, capitalize on this flexibility. Look at things close by, but this might also be an opportunity to get creative, move to other areas of the country, change careers or work from home.

As much as possible, keep your OPTIONS OPEN.

  1. If everything is fine, KEEP AT IT!

The world has changed; live accordingly.

The post NOT AGAIN: Stocks In CORRECTION TIME! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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EVERYONE AND THEIR MAMA BETTING AGAINST SILVER!

This article was contributed by Lior Gantz with Wealth Research Group.

Are there any SILVER BULLS left out there? It looks like the rally is over, the EXCITEMENT IS DONE, and that no one outside of the SILVER BUG COMMUNITY has any positive sentiment towards the QUASI-INDUSTRIAL/PRECIOUS metal.

The market believes that BIDEN’S GOT THIS, so much more money is exiting silver than entering it!

The market is betting that the massive CASH PILES, which investors have collectively shelved on the sidelines (most investors are SHAKING IN THEIR BOOTS, because of Trump’s ACTION-PACKED term in office) will exit the money-market accounts and find their way into real estate, equities, and commodities.

Investors believe Biden would have a SOOTHING EFFECT on the economy; they’ve got A TON riding on higher interest rates — the market is SUPER-BEARISH on bonds!

No one believes that they can go ANY LOWER and reach even more negativity, in real terms.

Courtesy: Zerohedge.com

Are you SEEING THIS? Have you ever seen something MORE OBVIOUS?

Man, this is going to cause so MUCH PAIN for these speculators; I can’t wait to see STOCKS SOAR, METALS RAGE, and the dollar pull a U-TURN on everyone!

Don’t let your GUARD DOWN now, because that’s what happened to MILLIONS AND MILLIONS of investors in March and April; Wall Street PULLED THE RUG from under them, convincing them to stay in cash, while they were buying stocks with STEEP DISCOUNTS!

We gave you options, though, with our watchlists and we’ve been RIGHT. The chart above shows the world is betting on higher rates — what do you think WE’RE DOING?

With the World Health Organization now openly DEMANDING quarantines and lockdowns stop, with governments putting MORE STRATEGIC and far more sophisticated solutions in their place, the markets expect MORE STIMULUS, as do we.

Courtesy: Zerohedge.com

Here’s what every DOOM AND GLOOM investor feels in his heart of hearts, and he ends up MISSING OUT on the now +14 stocks that we outlined in 2020 ALONE that are up over +35%:

  1. The markets are rigged.
  2. Governments are drowning in debt.
  3. It’s a fake economy, a house of cards that can TOPPLE OVER at any moment.
  4. Stocks are historically-expensive; it’s a super bubble.
  5. “If I buy into this lie, I’ll end up losing a fortune.”

I’ve heard this LAST ONE (No.5) since 2009!

If the forecasters of -80% price drops, the preachers of SHORT TSLA and the instigators of not owning FAANG stocks would reveal their track records, you’d see that the EMPEROR HAS NO CLOTHES.

I still hear SUPER-POPULAR guests on shows predicting that gold is going to $800 and that we’ll see “1999 levels” in the stock market.

What a disservice these well-meaning frightened commentators do to their audience, who are enthusiastically convinced that the world is COMING TO AN END.

For years, people actually asked me how they get their hands on the actual stock certificates since they thought the brokerage firm was GOING UNDER.

2008 scarred the mentality of millions of people; they can’t trust anything or anyone anymore and that actually has a NEGATIVE PRICE attached to it.

I think silver is going to ALL-TIME HIGHS, due to the cyclical bear market that the dollar has begun. The world isn’t going to end; it is going to GET RICHER — the only question is will JEFF BEZOS grow his wealth to $300bn before you grow yours to 7-figures?

This is your moment; now, more than ever, you have a REAL CHANCE to say:

ENOUGH IS ENOUGH!

It’s your turn; put your CAPE ON and be a superman.

The post EVERYONE AND THEIR MAMA BETTING AGAINST SILVER! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Greg Mannarino: The Economic Collapse Is Here

Greg Mannarino says the economic collapse has arrived. “Sit down. Buckle up because this is going to be a wild ride,” says Mannarino.

Mannarino starts by showing the jobless claims have once again almost reached the 1 million mark. People are rarely unemployed and there is no recovery happening unless you are a corporation. “Look, I don’t know another way to say it. We are in an economic collapse here in the United States!”

Even though the entire system is collapsing around us all, the stock market will go higher. It all debt and we have a debt-based system that will eventually self-destruct.  This will have lasting effects on a global scale. The last two presidents have made certain that the debt issued is in record amounts as the middle-class is destroyed by design. “They sold the United States, or whatever is left of it, to the Federal Reserve, and right now, we’re watching a merger in front of our face. Corporations and the new American government, New World Order. Welcome to it!”

Greg Mannarino: It’s Critical To Understand That The Goal Is “Full Control By The Federal Reserve”

America is in free fall. Things will not improve even if another stimulus package is passed, in fact, that will hasten the collapse. If you are not prepared for an economic crash the likes of which we have never seen in human history, now is a great time to get things in order.

We are also seeing countries locking down for a second time doing more untold damage to already fatally wounded economies.  Brace yourself. It has only just begun. “You have no idea what’s coming. This is all by design,” Mannarino makes clear. “Realize how this is set up from the getgo…understand that a new set of rules are coming down the pike as America is in collapse.”

Prepare For An Economic Emergency Or Recession

PREPPING FOR THE UPCOMING GOVERNMENT-INDUCED FOOD SHORTAGES

“With regard to the economic collapse we are in, believe me when I say this: you haven’t seen anything yet,” Mannarino says. “This is the opening act. It’s gonna get much much worse.”

 

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NEXT F***ING LEVEL: Silver $35 – FULL UPDATE!

This article was contributed by Lior Gantz of The Wealth Research Group. 

In the past two weeks, we believe we’ve seen both GOLD AND SILVER bottoming.

If indeed, September 28th was the bottom, this would mark a 54-day correction, from the top on August 5th, with a PRICE DROP of 11%, which isn’t A LOT for this kind of move, considering the run-up, leading up to it. Frequently, after all-time highs, gold can RETRACT BY 15% and even by 20%, so there’s a chance this is a FAKE BREAKOUT. But we tend to believe that the anticipation of YET ANOTHER stimulus package is what’s causing the markets to be FORWARD-LOOKING.

Silver’s correction STARTED ON August 6th, as the metal nearly touched $30/ounce, peaking at $29.37, and bottoming (as of today) at $22.68 on September 23rd.

That’s a MASSIVE DROP. All told, it’s a -22.8% move in just 50 days!

Courtesy: Zerohedge.com

Even Goldman Sachs, which predicts gold reaching $2,500/ounce by June 2021, is also forecasting silver hitting $30, but that’s BULLSHIT, in my opinion!

If gold goes to $2,500, silver will trade over $40; you can take that TO THE BANK, as we see it.

The $2,000 milestone is truly psychological. When gold hit $1,000 for the FIRST TIME, it soared by 90% in just months, afterwards.

You either believe this is an INSANE BULL MARKET in precious metals, or you don’t.

It’s the same with GENERAL EQUITIES; we get asked all the time how we keep being bullish on stocks, even when seeing charts like these:

Courtesy: Zerohedge.com

They ask if WealthResearchGroup.com doesn’t see the CRAZY DEBT LEVELS, the lousy jobs market, the wealth gap, the rise of populism around the globe, and the FAKE ECONOMY – fueled by the Federal Reserve and other major central banks – BUT WE DO!

In fact, when I say that I’ve personally saved the equivalent of 24 months’ worth of FAMILY-UNIT SPENDING and converted it to precious metals, the reaction I usually get is that most people can’t save 90 days’ worth of spending, let alone TWO YEARS. It’s as if saving that much antagonizes people, who haven’t, while my purpose is to share this and inspire others to do the same.

The message is that since the savings bucket is filled nicely, I can also have a healthy exposure to equities and to real estate. Look at the AMOUNT OF PURCHASING POWER that is outlined here, when accounting for all of the monthly cash burn pace, including rent, food, automobiles, outings… (the whole nine yards, basically). That’s A LOT of precious metals!

Theoretically, if the family unit spends $4,000/month, it’s translated into $96,000, converted into precious metals. If every person on the planet did that, or even HALF OF THAT, they wouldn’t be walking around all day with the fear that the NATIONAL DEBT is going to wipe them out!

They also wouldn’t be TOO TIMID to invest in general equities. We published THIS in March, for example, but the companies here are all up more than +30%, with the BEST-PERFORMER close to hitting a DOUBLE, so one had to HAVE COURAGE to buy at the depths of panic. Our inbox was flooded in March with people predicting the Dow Jones hitting 10,000 points and the S&P 500 going to 2,000 points, but waiting for that IMAGINARY BOTTOM (arbitrary) just because some gloom and doomer was bold enough to forecast it DOESN’T MAKE IT A REALITY!

Daily, I still hear voices online, who are HIGHLY POPULAR and get a wild amount of views and shares, calling for -80% crashes and all kinds of end-of-world scenarios – even though, if they traded what they preach, they WOULD BE HOMELESS and broke TODAY.

After the MARCH PANIC was done and the MAD RALLY commenced, we were convinced there was MORE TO COME and, in late May, we published THIS.

Again, SERIOUS DOUBTERS didn’t let go of their cash and disregarded this report, yet it’s FILLED WITH GOODIES, including a +52% gain in a little-known industry dominator.

The prices of these stocks are FAR HIGHER than in the reports and we don’t believe we’ll see these securities trade that cheap for years.

In July, we came up with our THIRD ONE and in late August, we publicized our TECH ONE. We even called them the last great buying opportunities and, SURE ENOUGH, a month after they were published, indices were at all-time highs!

When you own 24 months’ worth of spending in precious metals, you’ll have a different perspective of risk!

That’s the BOTTOM LINE and you’ll be able to participate in the wave of innovation that’s sweeping the planet.

The post NEXT F***ING LEVEL: Silver – FULL UPDATE! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Greg Mannarino: It’s Time To “Wake Up” Because “You haven’t Seen ANYTHING Yet!”

Market analyst Gregory Mannarino has been spot on in his assessment of the economic situation we’ve found ourselves in this year. He says it’s time to “wake up.” Because “you haven’t seen anything yet.”

Mannarino understands that this was all a plan designed to go this way to eliminate the middle class and transfer power to the New World Order, who has long since taken over the governments of the world. In a short amount of time, we will all really start to see big things especially with regards to what’s left of our economy.

“We are not adding a single job, despite what came out of the mouth of Mike Pence yesterday, he’s a liar to the highest order,” Mannarino says.

Mannarino is attempting to wake people up who still somehow think the government has their best interest in mind. He starts by quoting famous philosopher Friedrich Nietzsche who said: “Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.” But, as Mannarino accurately points out, still continuing Nietzsche’s quote, that the government lives off the expense of the people. They exist by convincing people they have the right to rule them, they live off the backs of people whose lives have been destroyed by the government.  The government are the masters, we are the slaves, and the sooner we stand together in the realization that we are not obligated to be their slaves, the better things will et for humanity.  If not, “we haven’t seen anything yet.”

“People, I don’t know another way to put this, especially today here in America. Uh…I did an interview with Lynette Zang…one of the things we spoke about was this hideous merger between this new American government and these corporations…we are in an economic freefall. An economic collapse! The middle class is being decimated! There’s just no other way to look at it unless you’re deluded or demented.”

“We are DONE!” Mannarino continues. “The middle class is being phased out by design. None of what you’re seeing is by accident! Once you wake up to the fact that you are being strung along into an agenda that has been going on for a very long time, maybe you’ll start to get afraid, because you haven’t seen anything yet, and I mean NOTHING!”

Brace yourselves. Prepare. Stay vigilant. And most of all, please wake up. Please look at things critically as opposed to along party lines.

 

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“This is An Environment That Gold, Silver, & Precious Metals THRIVE On!”

During this systematically planned dollar collapse that the Federal Reserve wants to blame on a virus, precious metals are thriving. And these metals are the only way to really protect your wealth in the coming months as the crash intensifies.

On a My Future Business Show, entrepreneur, philanthropist, and the founder of Blue Lagoon Resources, Rana Vig talks about gold and other precious metals, and how they can help protect your wealth during this market crash. With more than 30 years’ experience, Rana has a proven track record in taking private companies public in the Canadian public markets. 

Vig begins by saying “people are recognizing that their dollar, their currency, is becoming worthless!” Precious metals can help you preserve your buying power especially gold, says Vig. But copper is going to be a “big play” too he added. Copper is going to be the next big story because of the technoloical advancements in things such as electric cars.

For more information on Vig and Blue Lagoon Resources, read the following:

During his 30-year career, Vig has helped to launch five business ventures in the private industry. He has been involved in several publicly traded companies since 2010, serving first as an executive at an industry-leading algorithmic securities trading systems company and then of an award-winning automated referral marketing solutions company that powered loyalty and referral marketing programs across 39 countries for brands including AT&T, Sprint, Telus, Envision Financial and others.

From 2011 to 2016 Rana served as President of Musgrove Minerals, an Idaho focused gold and copper mining exploration company, and from 2013 to 2016, he was the Chairman and CEO of Continental Precious Minerals Inc., a TSX senior board exploration company with a focus on advancing one of the largest uranium projects in the world, located in Sweden. Rana is a former chair of BC Open Learning Agency and serves on several public company boards and committees. He is active in many charitable and community organizations acting as director or advisor. In November 2017, Rana was invited to the Canadian Senate to receive the Senate 150th Anniversary Medal – which were awarded to top Canadians actively involved in their communities who, through generosity, dedication, and hard work, make their hometowns and communities, a better place to live. During this content-rich call, Rana provides insights into gold and other precious metal investment options, and he shares the story of how a meeting with Hollywood actor Will Smith, reminded him of the importance of giving back to society. To learn more about Blue Lagoon Resources, or to contact Rana directly, click the link below. https://myfuturebusiness.com/rana-vig. YouTube, My Future Business Interview Description

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This Explosion Of Bankruptcies And Layoffs In The United States Is Unlike Anything We Have Ever Seen Before

This article was originally published by Michael Snyder at The Economic Collapse Blog.

The U.S. economy was supposed to be turning a corner by now, but instead, it looks like we are headed for an exceedingly painful winter.  All over the country, big companies are laying off thousands of workers, and in some cases, the numbers are even larger than that.

As you will see in this article, Disney just announced that they will be laying off tens of thousands of workers, and the airline industry is warning that 100,000 workers could soon permanently lose their jobs if the federal government doesn’t bail them out.  Meanwhile, we have been seeing businesses fail at a pace that is absolutely stunning.  According to the Wall Street Journal, this year we are on pace to set new records for retail stores closings, retail bankruptcies, and retail liquidations…

Retail store closings in the U.S. reached a record in the first half of 2020 and the year is on pace for record bankruptcies and liquidations as the Covid-19 pandemic accelerates industry changes, particularly the shift to online shopping, according to a report on the downturn’s severity.

Apparel retailers have been hit particularly hard during this pandemic, and it has been extremely sad to see some of the most iconic brands in the entire industry reach the end of the line

Among the notable companies that went belly-up over the summer are Lord & Taylor and its subsidiary, Le Tote; Tailored Brands, which is the parent company of Men’s Wearhouse and Jos. A. Bank; and Ann Taylor’s corporate parent Ascena Retail Group.

But it isn’t just the retail industry that is being utterly devastated.

According to Zero Hedge, there has been a “40% eruption in bankruptcy filings” in New York City so far in 2020, and one bankruptcy lawyer is warning that “there will be an avalanche of bankruptcies” as we approach the end of the year…

While Wall Street panic buys stocks again, on hopes Washington can pass the next round of much-needed economic stimulus, the broader commercial real estate market continues to implode and nowhere more so than the epicenter in New York City, where nearly 6,000 business closures, has resulted in a 40% eruption in bankruptcy filings across business districts of all five boroughs this year, reported Bloomberg.

Al Togut, a bankruptcy lawyer who has handled insolvencies for small firms to mega-corporations, said, “by late fall, there will be an avalanche of bankruptcies … When the cold weather comes, that’s when we’ll start to see a surge in bankruptcies in New York City.”

So does that sound like things will be getting better or does that sound like things will be getting worse?

I know that the answer is obvious.  I am just trying to make things crystal clear for those that have been deluded into thinking that we are headed for some sort of a “recovery”.

As more businesses collapse, more workers will lose their jobs.  So even though we have already seen more than 60 million American workers file new claims for unemployment benefits in 2020, more waves of unemployment are still on the way.

For example, we just learned that KPMG will be eliminating 1,400 jobs.  Those are good-paying jobs and they will not be easy to replace.

Not to be outdone, Disney has announced that they will be laying off 20 times as many workers

Disney is set to lay off around 28,000 employees in the United States as prolonged closures and limited attendance have decimated its theme park business.

The announcement was made in a letter to employees Tuesday from Josh D’Amaro, Disney’s head of parks, who detailed several ‘difficult decisions’ the company has been forced to make amid the ongoing pandemic.

Personally, I think that it is very cruel for Disney to do this.

They have made countless billions of dollars off of all of us over the past several decades, and they are in absolutely no danger of going bankrupt.

So can’t they come up with a little bit of cash to pay those workers during these tough months?

On the other hand, the airline industry is actually on the verge of a historic implosion, and we are being told that 100,000 workers could soon lose their jobs if they don’t get a massive bailout from the federal government.  The following comes from Wolf Richter

October 1 is the day US airlines that accepted their portion of the $25-billion bailout under the CARES Act can start involuntary layoffs of their employees. They’ve been shedding large numbers of employees since March but through voluntary buyouts, early retirements, and other programs that induced employees to temporarily or permanently leave. Now the airlines are engaged in a desperate lobbying effort to get legislation signed into law that would provide the next $25-billion bailout package. Threats have been flying, so to speak, to motivate Congress to get this done.

American Airlines CEO Doug Parker told CBS News on Sunday that if there isn’t a new bailout program, “there are going to be 100,000 aviation professionals who are out of work, who wouldn’t be otherwise.” This would include the 18,000 employees American Airlines has threatened to lay off.

With everything that is going on, I don’t have any idea how so many Americans can still feel so confident about the economy right now.

It just doesn’t make any sense.

Perhaps this is another sign of how self-involved we have all become.  If you haven’t lost your job and nobody you know personally has lost a job, perhaps things still seem okay in your little world.

But for many Americans, this economic downturn has quickly become a horror show.  In Philadelphia, a housekeeper named Kat Payne was “furloughed” from her hotel job back in March, and now trying to figure out how to survive has become part of her daily routine

Most mornings, Kat Payne calls a family meeting and talks with her children about how — or if — they are going to be able to pay their bills each month. It’s a routine she began after she was furloughed from her job as a housekeeper at the Philadelphia Marriott Downtown in March.

Payne, along with her 27-year-old daughter Kipati and 28-year-old son Atrayu, gather in their North Philadelphia living room, with the household bills in hand. She reviews the mortgage payments and her retirement and savings accounts with her children.

At this point, Payne has not been able to pay her mortgage for four months in a row, and she just received a letter with some more devastating news

Payne, 51, a single parent, recently received a letter from Marriott, which she reads out loud to her children: “We’re extending your layoff until December 31, 2020.”

Could you imagine being in her shoes?

What would you do?

Unfortunately, there are tens of millions of other Americans just like her that are deeply hurting right now, and economic conditions are only going to get worse in 2021 and beyond.

With each passing month, more businesses are going to crumble, more workers are going to lose their jobs, and more financial stress is going to be put on the system.

All of the dominoes are starting to fall, and every day there are more headlines that tell us that our society is coming apart at the seams.

I have been warning my readers for a very long time that this was coming, and now that it is here there will be no escape.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.com.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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CRYING WOLF: POWELL WON’T HELP TRUMP!

This article was contributed by Tom Beck of Portfolio Wealth Global. 

Are you waiting for Jerome Powell to pull a RABBIT out of his HAT? There’s a presidential debate tentatively scheduled for the 29th, so don’t expect the central bank to MEDDLE in the MARKETS between now and then, since there’s absolutely no chance they want to be appearing to be TAKING SIDES.

For the next few weeks, we have freer markets, so PRICE DISCOVERY will be real. The Federal Reserve won’t do much to offer artificial support.

We saw a run to cash, but institutional money looks to be COMFORTABLE with buying the DIP at this point, with the S&P 500 in correction mode (-10%), on top of the NASDAQ 100.

Courtesy: Zerohedge.com

The global markets have GOTTEN USED TO government debt rising perpetually, so no one is TOO ALARMED by this, but when global GDP is at 252%, the REAL MEANING of it is that there are GUARANTEED VICTIMS in the sovereign restructuring in the years to come.

Portfolio Wealth Global believes that both gold’s and silver’s PUKE yesterday shows that there’s BIG SUPPORT at the $1,900/ounce area, so we are eager to see if a NEW UPTREND is starting, after this BLOODBATH WEEK.

The majority of people are vaccine-biased, which means that they won’t return to FULL CONFIDENCE until we “beat the corona.”

Many industries are GOING BACK 5-10 years and even worse than that, in terms of demand for their products and services, facing massive default waves and I’m telling you that this is where BIG MONEY will be made.

Hoteling, real estate, aviation, office space, healthcare – you name it and it’s in REBUILDING MODE.

What are you doing to capitalize on this? Consumers, corporations, and governments need you to innovate and you can make a fortune on the way.

Courtesy: Zerohedge.com

EVERYONE is betting on technology, but the value is in the BEATEN-DOWN sectors.

The markets have SHAKEN OUT the people who aren’t ready for volatility, but September isn’t over, nor is this SECOND WAVE scare.

Personally, I follow our WATCHLISTS, which have come out in the past few months.

The first is from late March and delivered HUGE RETURNS – click HERE!

The second came out right before the June 8th peak – click HERE!

The third came out JUST RECENTLY to address the September massacre – click HERE!

Just a few days ago, when NASDAQ peaked, we published this (so timely) – click HERE!

FEAR LEVELS are up; this is when contrarians act. We’re like nocturnal animals – we wait for everyone to sleep and then WE HUNT.

I feel the same way about gold; this week’s dump to just over $1,900 took care of the LEVERAGED TRADERS.

Courtesy: Zerohedge.com

It’s LITERALLY IMPOSSIBLE to be looking at these charts and not allocate funds into precious metals.

I ask people from the U.S., from Europe, from Central America, from Asia, and from Australia; the answer is the same: NO TRUST in government.

Gold is essential and the fact remains that the uptrend is IN PLACE.

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GOING FOR THE JUGULAR: Squeezing Bulls – BOMBS AWAY!

This article was contributed by James Davis with Future Money Trends. 

Stock markets have been UNDERGOING MURDEROUS conditions. September has BEEN ROUGH, as we predicted with incredible precision in our alerts sent out in LATE AUGUST!

We literally wrote that September will be the worst for investors and that in the month of September, division, polarity, and hatred WILL EXPAND and will reach epic proportions, just like they are.

The BULLISH HYPE is over; we believe markets have largely ended their retail euphoria phase and that institutional buying is READY TO EXPLODE.

As for the amazing comparison between the Dow Jones Industrial Average in 2020 and 1930, we believe that the LINE IN THE SAND gets drawn here. We’re in a recovery – stocks will bottom soon and will be trading IN A RANGE for a while until the WATER CLEARS. This isn’t the Great Depression.

Courtesy: Zerohedge.com

This is a PRETTY BIG correction, though:

  1. Half of the NASDAQ 100 has broken below its 50-DMA, so if you were waiting for a HEALTHY PULLBACK, you have it. I have spoken to many who are “waiting for March lows” before they pull the trigger, but my personal view is that we WILL NOT see those returning.
  2. We just issued a BRAND-NEW Tech Watch List, which you can DOWNLOAD HERE. In it, we feature a number of NASDAQ players, two of which are actually trading below their proposed limit orders!

As you can see, the last time the downtrend WAS THIS STRONG was on June 8th, when most of the market components peaked in price, many of which HAVE NOT returned to those price levels.

Many companies are growing sales and market penetration rapidly and are, therefore, priced OUT OF PROPORTION to normal standards, but they may stay like this for years (delivering good returns).

Have your own Watch Lists ready at all times to capitalize on double-digit DOWN MOVES!

Courtesy: Zerohedge.com

The digital realm is making life so much MORE EFFECTIVE and cost-efficient.

New companies are springing up with capabilities that will blow your mind and our lives are going to be much more interesting, full of joys, and well-balanced in general, thanks to these innovations.

In healthcare, businesses are working on detecting faulty genes and fixing them by treating specific defects. Think about blind babies being able to see and cancer patients who are able to RID THEMSELVES of their disease once and for all.

In robotics, think about companions that help you with tasks, advance your business when you sleep and solve problems before you even RECOGNIZE THEM.

Take any profession on the planet and know that if it can be done CHEAPER, BETTER, or SAFER, a robot is coming to assist in that!

There are many implications for all human beings, due to these technological developments; we’ll keep covering these topics constantly, including the rapid progress of blockchain technology and Bitcoin’s ecosystem.

Courtesy: Zerohedge.com

As you can see, there’s a CLEAR CORRELATION between the FED’s balance sheet flattening out in early June and the market’s peak on June 8th.

The FED has said its piece; from here on, earnings will dictate prices, not stimulus.

In SIX WEEKS, the world’s biggest powerhouse nation heads to the ballots – what a WHIRLWIND of TROUBLE is coming!

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Greg Mannarino On The Coming Financial Crisis: “Buckle Up! This is Going To Be EPIC!”

The stock market is going to be punished today, says Gregory Mannarino in his latest special report video.  Mannarino also warns that this coming financial crisis is going to be EPIC, so buckle up.

In case anyone hasn’t noticed, the dollar is being collapsed by design.  As of now, it’s officially on, and there’s no going back. This coming financial crisis is going to be one for the history books, so “put on your seatbelts,” says Mannarino. The banks are going to destroy everyone.

Greg Mannarino: The Fed Is “Trying To KILL What’s Left Of The Middle Class”

“These banks have the world by the ‘you know whats.’ They can crush the global economy or the market. The global economy, which is the middle class, is already crushed, ok. They can destroy the stock market like this [snaps fingers.] ANd you can see it playing out right now. So all to of this is more than likely going to get brushed under the rug as it always does,” Mannarino says of the banks controlling the world.

The banks and the government are “in bed” together, and this opens a bigger Pandora’s box.  This is a corrupt system worth trillions of dollars and their ultimate goal is to own the world. “All of it is not in the interest of you,” Mannarino reminds his viewers.

Greg Mannarino: It’s Critical To Understand That The Goal Is “Full Control By The Federal Reserve”

Through this phony scamdemic, governments have amassed the power to control the public through fear and brainwashing, while the Federal Reserve (central bank) robs them blind. We have reached the point of no return with too many people asleep at the wheel. Well, unfortunately, be facing a financial crisis that will be one for the record books.

“People, buckle up. Put on your seat belts. This [financial crash] is going to be epic!” Mannarino adds to finish his market report.

If you follow Mannarino’s advice, add old, silver, and cryptocurrency to what you already own now while the prices are low.

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The Government Has Released Their Initial Plans To Force a Vaccine on EVERYONE

Earlier today, the Trump administration released its plans to vaccine everyone in a short time.  Three potential vaccines are currently in Stage 3 trials in the United States and could be ready in weeks, President Donald Trump said Tuesday.

Time is running out. And Trump has the military lined up and ready to distribute this vaccine to the public, whether you want it or not. The plan is to distribute the vaccine first to health care and other vital workers, as well as those most vulnerable (likely the older populations). After production ramps up, it will be made available to all Americans who want it. If you decide you don’t want it, don’t worry, the military will help convince you.

The Department of Defense and federal health agencies have outlined plans for a coronavirus vaccine, which includes having them available for free for all Americans. We have warned that the DoD is about to become the enemy of the public. Instead of committing terrorism abroad, they will be going that here. Prepare yourself.

The Pentagon & CDC Will Join Together To Mass Distribute The COVID Vaccine

This toxic concoction will also be “free.” The government says they will foot the bill (borrow money from the Federal Reserve) to get everyone vaccinated, according to the Watauga Democrat. 

“Preparing for the implementation of the safe and efficacious COVID-19 vaccine programs is a critical next step in the efforts to protect Americans and reduce the impact of COVID-19 and restore our normal way of life,” Centers for Disease Control and Director Dr. Robert Redfield said Wednesday, according to CNN.

The plans came in the form of a report to Congress and a “playbook” for states and local governments, according to the Associated Press and Fox News. The agencies are looking at January for a potential beginning of a vaccination campaign, although it remains possible that this could come later this year.

According to the Centers for Disease Control and Prevention’s playbook, the vaccination campaign will be “much larger in scope and complexity than seasonal influenza or other previous outbreak-related vaccination responses.”

President Trump said in a “Fox & Friends” interview Tuesday that a vaccine could be approved “in a matter of weeks.”

Time is almost up. Once this vaccine gets into your bloodstream, you cannot take it back out. This one is different from every other vaccine made, and it’s going to be necessary if you want to get groceries or leave your house. Mandatory or not, they will do what they can to convince you to take this vaccine.

Stay alert and be prepared.

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Americans Are CONSTANTLY BOMBARDED With Propaganda

It’s been often said that people were shocked as they watched Nazi Germany descend into complete fascism without anyone putting up a fight, and now, we are watching Americans do the same thing. It has a lot to do with the constant brainwashing and propaganda bein shoved on people all day, every day, manipulating them into being compliant with anything government commands.

Since the fear-mongering of COVID-19 started, there has been non-stop “beast mode” propaganda everywhere. There are media puppets actively pushing Big Pharma’s drugs and trying to convince everyone to take the coronavirus vaccine. This goes for all media outlets. It is becoming too obvious to ignore unless you’re willfully trying.

Trigger warning: this video calls out right-wing propaganda pushing for the vaccine. If you dislike hearing the truth about the left vs. right paradigm lie, you may not want to watch.

It shouldn’t matter “which side” is saying you should take the vaccine. The fact is, everyone in media, politics, and big Pharma, want you vaccinated. This should be a massive red flag.  “The bottom line, and the tenor of this whole thin, is that they want to convey to you that if you question this, if you question Big Pharma, if you question the biotechs, if you question the Gill Bates of the world, if you question science and all the experts they roll out, and especially if you question politicians…then we can’t have any of this critical thinking stuff.”

Ivanka Trump Says She’ll “Take The Vaccine” on The View

These talking heads in media actually want to believe that if you don’t take the vaccine, you’re a democrat suffering from “Trump derangement syndrome.”  Is it starting to make sense of how the media plays both sides in this illusion? The left vs. right paradigm is nothing more than theatre designed to distract you.  This segment was set up to play Trump supporters, and brainwash them into getting the vaccine.

Why The Federal Reserve Chose Trump Over Hillary In 2016

Truth is treason in the empire of lies, and we have reached a point where we have some critical decisions to make. We can go the way of the New World Order and just be docile slaves forever, or we can wake up and live as free and sovereign human beings we were meant to be. The choice is ours.

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BLINK OF AN EYE: Crashing -20% – IS IT IMMINENT?

This article was contributed by James Davis with Future Money Trends

People love to focus on the NATIONAL DEBT and on DEBT per citizen or taxpayer, and they’re right – the FEDERAL DEBT is stupid, crazy, and unsustainable.

As of this writing, each citizen would owe $81,000 if the government tried to close the debt down by collecting EQUALLY from each. Of course, not everyone is an active taxpayer, so when done in that way, it comes out to $214,844/taxpayer since about 1/3 of Americans pay income taxes. The interest component on the debt per adult comes out to about $14,000, had the government wanted to just pay that.

Let’s look at the FLIP-SIDE of this debt equation, which is what getting into this MONSTROUS DEBT has allowed the United States to create: total NATIONAL ASSETS stand at a record $125tn, which is $381k/citizen!

Said differently, if wealth was COMPLETELY REDISTRIBUTED equally among all, debt would be wiped out altogether from the government balance sheet and each citizen would have $300,000 in their pocket.

Courtesy: Zerohedge.com

What you see above is the reason why America works, will continue to PRODUCE WEALTH, and why mistakes are PART OF GROWTH; it works because THINKING AND DOING is rewarded or punished, thus people improve and take personal responsibility, not because everyone is rewarded for just breathing.

Do you know what would happen if America did its WEALTH REDISTRIBUTION experiment?

In 20-30 years, it would be back to what it is today…

In a free market system, some individuals have CRACKED THE FORMULA for creating value, so much so that their net worth is tremendous.

What these people are learning now is that their BIGGEST CHALLENGE is how to create additional value by giving their FUNDS TO CAUSES they believe in. Said differently, the rewards for creating value today are SO LARGE that the rewards are more than one needs to live his dream life and the surplus can be donated towards productive enterprises.

I want you to BE INSPIRED to reach those levels as well!

A great man is one that can earn as much as he needs to live a FULL LIFE with no excess. If he creates RESERVES, he can deploy his HIGHEST DUTY, and that is to reinvest those extra funds in ADVANCING HUMANITY.

Purely capitalistic men believe the way to do it is by investing in businesses that aim to SOLVE PROBLEMS. I, for one, believe it’s about investing in the YOUTH – the future generations.

Courtesy: Zerohedge.com

The TWO CHARTS show you what capitalism is all about: individuals making DECISIONS that have repercussions, both positive and negative, depending on what’s happening. If a government tries to TAKE AWAY the personal responsibility that each has for his lot in life, it will produce STAGNATION and a lack of innovation. Greed, fear, reasoning powers, accurate thinking, herd mentality and deep analysis; these create the market drama and lead to results – there is NO REPLACEMENT to true ingenuity of thought.

Do you love being able to turn on your air conditioner in the summer?

Had it not been for ONE PERSON taking responsibility for solving that issue for the rest of us, we’d still be sweating all day and all night.

Innovation is BORN FROM DISCOMFORT.

Many traders are about to find out that greed is good, but ONLY WHEN coupled with sound reasoning.

You cannot BET THE FARM with everything you’ve got on every idea and we believe that millions of people are about to RE-LEARN that valuable lesson.

We find it hard to envision a -20% move down, but we ACTUALLY ANTICIPATE a few (2 or 3) corrections following each other in the space of two or three months between them, each SHAKING OUT more traders with each passing time.

If you’ve AVOIDED tech thus far, know that 3D printing, cloud computing, the Internet of Things (IoT), robotics, genome sequencing, energy storage, blockchain technology, artificial intelligence, and their ANCILLARY INDUSTRIES understand that valuations are STILL CHEAP for a select few of them!

Expect an incredible list of companies to look into from us in a NEW special report!

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Cost of Living Continues to Rise RAPIDLY As Americans Struggle to Get By

The Bureau of Labor Statistics just released new data that says the cost of living is going up as the main street economy crashes and the dollar loses its purchasing power. This also comes as more and more Americans continue to struggle to get by in the aftermath of the government’s reaction to the scamdemic.

The new numbers released are comparing the consumer price index, which is essentially the price of common things we pay for all averaged together, of 2019 to that of 2020. The number has gone up.

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent in August on a seasonally adjusted basis after rising 0.6 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 1.3 percent before seasonal adjustment. –BLS.gov

Since the Federal Reserve, the central banks, is continuing to bail out corporations and create money out of thin air, inflation and costs for basic necessities will continue to rise. Some areas of the economy are being hit harder than others too. The cost of food has jumped in the Bay Area of California, propelled by meat, poultry, and fish prices that have skyrocketed, joining soaring electricity costs, according to a report by Mercury News. Meat, fish, and poultry prices have soared a whopping 17.4 percent over the past 12 months ending in August in the Bay Area. This means that these prices are at a super-heated pace that’s 11 times greater than the region’s cost of living during the same one-year period.

Because the cost of living is going up as the economy is struggling for everyday folks, it’s important to make a plan. Preparedness should include financial emergencies. Even though the dollar is crashing, having a little extra money on hand to be able to pay 3-6 months’ worth of bills will help you get through tough times. All it would take to eliminate the middle class is one more lockdown.

Financially Prepped: The Importance of an Emergency Fund

 

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WARNING: COULD GET NASTY FOR SILVER!

This article was contributed by Lior Gantz of the Wealth Research Group. 

I know many want to hear that silver is ON ITS WAY to hitting $50/ounce at the SNAP OF A FINGER, but it might take a while for that to occur.

In March, $30tn worth of stocks and bonds WAS SOLD, creating enormous demand for dollars. This squeeze caused the paper price of silver to drop to $12/ounce, EVEN WHILE the physical metal was selling for double that amount.

The spread was big as it ever was. The return of liquidity to markets, ORCHESTRATED by the Federal Reserve, reassured businesses and individuals the world over that this isn’t a credit contraction. Instead, they can safely resume MARKET ACTIVITY and they did, with bullish fury.

Millennials and, in general, retail investors, who have either been staying at home, laid-off or put on paid/non-paid leave, have been looking for ways to replace their NORMAL WAGES. They have turned to the stock market, a phenomenon that has pushed valuations for certain stocks to LA-LA-LAND.

This recent correction in the NASDAQ has brought down some of the greed factor, but it’s still here and won’t be COMPLETELY DIMINISHING for the foreseeable future.

Courtesy: Zerohedge.com

Market forecasters thought that once the professionals STARTED SELLING, these retail traders would be shaken out and run back to their caves, but as you can see, hedge funds have begun buying, NOT SELLING.

What’s really interesting is that the wealthy and the institutional money have been either SELLING or MARGINALLY BUYING throughout this period, certain of themselves that cash is better than owning stocks.

While central banks have been SHOWERING LIQUIDITY, the wealthy have been sitting in the stands LIKE SPECTATORS, viewing the match from the sidelines.

This has been A HUGE MISTAKE!

Contrary to their tactic, we’ve not been fighting with the FED and, INSTEAD, have been buying LEFT AND RIGHT, which has resulted in MASSIVE GAINS.

Courtesy: U.S. Global Investors

Is it time to RECONSIDER BULLISHNESS? The true answer is that it’s an ETERNAL QUESTION that an investor ought to ask himself on a daily basis.

We believe that the STRONG BOUNCE is largely over, in both silver and tech stocks. The justification for higher prices will come after the UNKNOWNS become known:

  1. Who will win the elections? American historian Allan Lichtman, who has correctly predicted all election results since 1981, save for Al Gore’s loss (cheated by voter fraud and voter count suppression in Florida, though), has predicted A BIDEN VICTORY- we shall see…

If that happens, corporate taxes and probably CAPITAL GAINS taxes are going higher, thus companies will be worth less.

Consider that possibility for a second, because it’s one reason that Ray Dalio is diversifying OUT OF U.S. EQUITIES and into other regions.

Courtesy: Zerohedge.com

Could anyone have predicted how much FANGMAN (Facebook, Amazon, Netflix, Google, Microsoft, Apple, and Nvidia) would be COLLECTIVELY WORTH, driving the indices into all-time highs, even while the other 490 companies are relatively flat? NO! This is the value of owning AN INDEX FUND!

Now, though, with the index at all-time highs and with this HUGE BOUNCE back, the best investors are looking at the DICHOTOMY, which is to say that they’re investing in the distressed industries, which are cheap, not solely in the ones that enjoyed a STRONG TAILWIND from stay-at-home orders.

With regards to silver, you can see that investors are taking profits, AT THE MOMENT (the red lines are monthly NET OUTFLOWS):

Courtesy: Zerohedge.com

This is GOOD if you understand that it means that there’s NO BUBBLE in silver, but it’s BAD if you leveraged and are overweight on silver at present.

Silver is up more than 100% since March.

Trade with AGGRESSIVE PATIENCE; in other words, let opportunities come to you!

 

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If You Feel Like Something Really, Really Bad Is About To Happen, You Are Definitely Not Alone

This article was originally published by Michael Snyder at The Economic Collapse Blog. 

If this is “the recovery”, what are things going to look like once economic conditions start to deteriorate again?  As you will see below, more than half of all households in some of our largest cities “are facing serious financial problems”, and Americans continue to file for unemployment benefits at a rate that the United States had never seen before prior to 2020.

When 695,000 workers filed for unemployment benefits during a single week in 1982, it established a record which stood for nearly 38 years.  But now we have been way above that old record for 25 weeks in a row.  On Thursday, we learned that another 884,000 Americans filed new claims for unemployment benefits last week…

Weekly jobless claims were worse than expected last week amid a plodding climb for the U.S. labor market from the damage inflicted by the coronavirus pandemic.

The Labor Department on Thursday reported 884,000 first-time filings for unemployment insurance, compared with 850,000 expected by economists surveyed by Dow Jones. The total was unchanged from the previous week.

Of course, it is always important to look at the non-adjusted numbers, and according to those numbers, we actually saw an increase over the previous week

The Labor Department changed its methodology in how it seasonally adjusts the numbers, so the past two weeks’ totals are not directly comparable to the reports from earlier in the pandemic. Claims not adjusted for seasonal factors totaled 857,148, an increase of 20,140 from the previous week.

This is the second week in a row that the non-seasonally adjusted initial claims have risen.

That definitely wasn’t supposed to happen.

We are supposedly in a “recovery” right now, and things are supposed to be getting better.

But instead, they appear to be getting worse.  According to Wolf Richter, continuing claims under all state and federal programs were way up last week…

Total continued claims for unemployment insurance (UI) under all state and federal programs rose by 380,000, to 29.6 million people (not seasonally adjusted), the highest since August 1, according to the Department of Labor this morning. This was the second weekly increase in a row, after the 2.2-million jump last week.

At any other time in American history, the numbers that were just reported would be considered “catastrophic”, but we have been getting these sorts of catastrophic numbers for so long that we have become desensitized to them.

But at least the unemployment numbers are not as bad as they were earlier this year, and other economic figures seem to have hit a bit of a plateau as well.

So for the moment, there is relative calm, but it won’t last for very long.

If you feel like something really, really bad is about to happen, you are definitely not alone.  There are countless others that are also waiting for “the other shoe to drop”, and I believe that it could literally happen at any time.

But for now, we wait.

I would encourage you to enjoy these remaining days of summer while you still can.  This weekend, put some burgers on the grill and enjoy some time with your family.  Unfortunately, there are many Americans that are under such financial stress that it is hard to enjoy much of anything right now.  In fact, one recent survey found that 50 percent or more of the households in some of our largest cities are currently facing “serious financial problems”

There’s no question the coronavirus pandemic has forced many Americans into financial hardship, but a new NPR/Harvard T.H. Chan School of Public Health/Robert Wood Johnson Foundation survey provided a clearer picture of the extent of the struggles in the United States’ four largest cities.

At least half of all households in those cities — 53 percent in New York City, 56 percent in Los Angeles, 50 percent in Chicago, and 63 percent in Houston — reported facing serious financial problems, including depleted savings, problems paying credit card bills, and affording medical bills.

How can that be possible if we are in the midst of a tremendous “recovery”?

Of course, the truth is that we aren’t in any sort of a recovery, but at least things are a whole lot better than they will be after the upcoming election.

I had such an ominous feeling coming into 2020, and I shared this repeatedly with my readers, and now I have such an ominous feeling about the rest of 2020 and beyond.

In particular, I am extremely concerned about what will happen in November.  No matter who is ultimately declared the winner, the other side is going to be convinced that the election was stolen from them and that is likely to throw our nation into a state of chaos.

And we are already being told that we probably will not know the winner until long after election day.  That period of uncertainty is almost certainly going to spark more civil unrest, and I believe that faith in the integrity of our elections will be greatly shaken.

Before I end this article, there is one more thing that I wanted to mention that I found to be extremely interesting.  This year the Federal Reserve has been buying up mortgage bonds worth hundreds of millions of dollars, and according to Mish Shedlock the Fed now owns nearly a third of that entire market…

  • The Fed has snapped up $1 trillion of mortgage bonds since March. It bought around $300 billion of the bonds in each of March and April, and since then has been buying about $100 billion a month.
  • The Fed now owns almost a third of bonds backed by home loans in the U.S.
  • Buying the securities has pushed mortgage rates lower, with the average 30-year rate falling to 2.91% as of last week from 3.3% in early February.
  • Morgan Stanley analysts pointed out in late March that the buying was running at eight times the pace seen in prior episodes of Fed purchasing under programs known as quantitative easing.

No matter who wins the election, the direction of the Fed is not going to change.  They are going to continue to engage in exceedingly reckless manipulation of the markets, and that is going to have very serious long-term implications.

All around us, we can see our society being thrown into convulsions as all of our systems begin to fail.

I know that so many of you out there are feeling the exact same way that I am.

A sense of anticipation hangs in the air, and millions of people are waiting for the next big crisis to erupt.

***Michael’s new book entitled “Lost Prophecies Of The Future Of America” is now available in paperback and for the Kindle on Amazon.com.***

About the Author: My name is Michael Snyder and my brand new book entitled “Lost Prophecies Of The Future Of America” is now available on Amazon.com.  By purchasing the book you help to support the work that my wife and I are doing, and by giving it to others you help to multiply the impact that we are having on people all over the globe.  I have published thousands of articles on The Economic Collapse BlogEnd Of The American Dream, and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe.  I always freely and happily allow others to republish my articles on their own websites, but I also ask that they include this “About the Author” section with each article.  In addition to my new book, I have written four others that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned)  The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial, or health decisions.  I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help.  During these very challenging times, people will need hope more than ever before, and it is our goal to share the gospel of Jesus Christ with as many people as we possibly can.

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In the Footsteps of Rome: Maybe It No Longer Matters Who’s Emperor

This article was originally published by Charles Hugh Smith at Of Two Minds Blog. 

Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.

Quick history quiz: who was the second-to-the-last Emperor of the Western Roman Empire? How about the third-to-the-last? Answers: Glycerius, 473-74 A.D. and Julius Nepos, 474-475 A.D. The last emperor was the grandly titled Romulus Augustus, who reigned less than a year until the whole shebang disintegrated in 476 A.D.

You get the point: when the momentum of collapse crosses the Event Horizon, it no longer matters who claims the title of Head Snake; the collapse is beyond the control of any individual or agency.

So when I hear the most important election in history, last chance for democracy, etc. I hear blah-blah-blah because we’re following the footsteps of Rome’s collapse to a T.

As I explained in How Nations Collapse: Disunity (8/20/20), profound disunity between classes and within power elites is the key driver of collapse, as all the energy required to make the perilous, radical changes needed to save the system are squandered on in-fighting and jockeying for control of the dwindling centralized power.

The final generation of Romans also preferred pretense to reality. The last Roman elites found solace in Rome’s past glories as if it was inevitable that something or other would magically restore Rome’s power and stability without any sacrifices being made by the elites or the public.

Today we hear the shrill, keening cries for the pretense of unity: since actual unity has been lost, then public-relations pretense is the best the elites can manage.

just as in the waning days of the Western Roman Empire, the elites got overly greedy and complacent–a fatal combination. America’s billionaire class and the New Nobility just below the billionaires have scooped most of the economy’s gains since 2008 and paid either zero or low taxes. (Just ask Mr. Gates how to make your fortune tax-free via philanthro-capitalist foundations that are simply other avenues for achieving the same dominance.)

Once you have a Big Tech monopoly, the political influence to protect your monopoly, and the Federal Reserve juicing stocks, junk bonds, etc., then your greed has no limit. Just as in Rome’s waning days, the super-wealthy evade taxes and indeed, any sacrifice. Whatever wealth remains is sluiced into the coffers of the super-wealthy while the citizenry pay the price via the destruction of social mobility, higher taxes, and a fast-decaying real economy.

The power elites are complacent, as they believe manipulating top-heavy bureaucracies and captured central bankers is the only skillset needed. Creating value or real-world goods and services? Why bother when the real money is made in corruption, fraud, and legalized looting?

America squandered its last chance to make the necessary sacrifices and radical systemic changes in the 2008 Global Financial Meltdown. The power elites bailed themselves out at the cost of systemic stability, and now the dominoes are finally falling.

Human Wetware 1.0 hasn’t changed since 473 A.D. and so our elites are filled with the same complacent hubris as the last batch of greedy, entitled, overly impressed with their wealth and power elites of Rome.

The Fed will continue to bail out all those whose self-serving greed undermined the republic, and print trillions to distribute bread and circuses to placate the milling mob, thereby destroying the value of the bread and the last pretenses of a “market economy.”

Rather than face the need for a radical from-the-ground-up reformation of the political-economic system, our elites have focused on increasing their already destabilizing wealth and power and taking down their elite rivals.

As a result, there is no way to stop the dominoes from falling. Pretense and PR are not reality, and believing the Old Normal will magically be restored with sacrifice-free Federal Reserve printing is not an actual strategy.

The Fall of the Roman Empire: A Reappraisal (Michael Grant)

The post In the Footsteps of Rome: Maybe It No Longer Matters Who’s Emperor first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Since 9/11, the Government’s Answer to Every Problem Has Been More Government

This article was originally published by John W. Whitehead at The Rutherford Institute.

“A government big enough to give you everything you want is a government big enough to take away everything that you have.”—Anonymous

Have you noticed that the government’s answer to every problem is more government—at taxpayer expense—and less individual liberty?

The Great Depression. The World Wars. The 9/11 terror attacks. The COVID-19 pandemic.

Every crisis—manufactured or otherwise—since the nation’s early beginnings has become a make-work opportunity for the government to expand its reach and its power at taxpayer expense while limiting our freedoms at every turn.

Indeed, the history of the United States is a testament to the old adage that liberty decreases as government (and government bureaucracy) grows. To put it another way, as government expands, liberty contracts.

To the police state, this COVID-19 pandemic has been a huge boon, like winning the biggest jackpot in the lottery. Certainly, it will prove to be a windfall for those who profit from government expenditures and expansions.

Given the rate at which the government has been devising new ways to spend our money and establish itself as the “solution” to all of our worldly problems, this current crisis will most likely end up ushering in the largest expansion of government power since the 9/11 terrorist attacks.

This is how the emergency state operates, after all.

From 9/11 to COVID-19, “we the people” have acted the part of the helpless, gullible victims desperately in need of the government to save us from whatever danger threatens. In turn, the government has been all too accommodating and eager while also expanding its power and authority in the so-called name of national security.

As chief correspondent Dan Balz asks for The Washington Post, “Government is everywhere now. Where does it go next?

When it comes to the power players that call the shots, there is no end to their voracious appetite for more: more money, more power, more control.

This expansion of government power is also increasing our federal debt in unprecedented leaps and bounds. Yet the government isn’t just borrowing outrageous amounts of money to keep the country afloat. It’s also borrowing indecent sums to pay for programs it can’t afford.

The government’s primary response to this COVID-19 pandemic—flooding the market with borrowed money in the amount of trillions of dollars for stimulus payments, unemployment insurance expansions, and loans to prop up small businesses and to keep big companies afloat—has pushed the country even deeper in debt.

By “the country,” I really mean the taxpayers. And by “the taxpayers,” it’s really future generations who will be shackled to debt loads they may never be able to pay back.

This is how you impoverish the future.

Democrats and Republicans alike have done this.

Without fail, every president within the last 50 years has expanded the nation’s debt. When President Trump took office on January 20, 2017, the national debt—the amount the federal government has borrowed over the years and must pay back—was a whopping $19.9 trillion. Despite Trump’s pledge to drain the swamp and eliminate the debt, the federal debt is now approaching $27 trillion and is on track to surpass $78 trillion by 2028.

For many years now, economists have warned that economic collapse would be inevitable if the national debt ever surpassed the size of the U.S. economy. The government passed that point in June 2020 and has yet to put the brakes on its spending.

In fact, the Federal Reserve just keeps printing more money in order to prop up the economy and float the debt.

At some point, something’s got to give.

As it now stands, the U.S. is among the most indebted countries in the world.

Almost a third of the $27 trillion national debt is owed to foreign entities such as Japan and China.

Most of the debt, however, is owed to the public.

How is this even possible? Essentially, it’s a case of robbing Peter to pay Paul.

First, the government requires taxpayers to pay a portion of their salaries to the Social Security Trust Fund. The government then turns around and borrows from Social Security to cover its spending needs. Then the government raises taxes or prints more money in order to pay out whatever is needed to the retirees.

It’s a form of convoluted economics that only makes sense to government bureaucrats looking to make a profit off the backs of the taxpayers.

According to the U.S. Debt Clock, each taxpayer’s share of the national debt is $214,000 and growing.

That’s almost five times more than the median income for what Americans earn in a year. That’s also almost five times more than the average American has in savings, across savings accounts, checking accounts, money market accounts, call deposit accounts, and prepaid cards. Almost 60% of Americans are so financially strapped that they don’t have even $500 in savings and nothing whatsoever put away for retirement.

Just the interest that must be paid on the national debt every year is $338 billion and growing. According to the Congressional Budget Office, the fastest-growing item in the budget over the next decade will be interest on the debt.

As the Committee for a Responsible Federal Budget reported in 2019, before COVID spending pushed the country over the fiscal cliff, “Interest payments will rise from $325 billion last year to $928 billion by 2029, a nearly threefold increase. If tax cuts and spending increases are extended, interest will exceed $1 trillion and set a new record as a share of the economy. The federal government will spend more on interest than on Medicaid or children by 2020. By 2024, interest will match defense spending.

Bottom line: The U.S. government—and that includes the current administration—is spending money it doesn’t have on programs it can’t afford, and “we the taxpayers” are the ones who will have to pay for it.

As financial analyst Kristin Tate explains, “When the government has its debt bill come due, all of us will be on the hook.”

Despite the tax burden “we the people” are made to bear, we have no real say in how the government runs, or how our taxpayer funds are used, but we’re being forced to pay through the nose, anyhow.

We have no real say, but that doesn’t prevent the government from fleecing us at every turn and forcing us to pay for endless wars that do more to fund the military-industrial complex than protect us, pork-barrel projects that produce little to nothing, and a police state that serves only to imprison us within its walls.

All the while the government continues to do whatever it wants—levy taxes, rack up debt, spend outrageously and irresponsibly—with little thought for the plight of its citizens.

This brings me to a curious point: what the future will look like ten years from now when the federal debt is expected to surpass $78 trillion, an unsustainable level of debt that will result in unprecedented economic hardship for anyone that does not belong to the wealthy elite.

Interestingly enough, that timeline coincides with the government’s vision of the future as depicted in a Pentagon training video created by the Army for U.S. Special Operations Command.

According to the video, the government is anticipating trouble (read: civil unrest), which is code for anything that challenges the government’s authority, wealth, and power, and is grooming its armed forces (including its heavily armed federal agents) accordingly to solve future domestic political and social problems.

The training video, titled “Megacities: Urban Future, the Emerging Complexity,” is only five minutes long, but it provides a chilling glimpse of what the government expects the world to look like in 2030, a world bedeviled by “criminal networks,” “substandard infrastructure,” “religious and ethnic tensions,” “impoverishment, slums,” “open landfills, over-burdened sewers,” a “growing mass of unemployed,” and an urban landscape in which the prosperous economic elite must be protected from the impoverishment of the have nots.

And then comes the kicker.

Three-and-a-half minutes into the Pentagon’s dystopian vision of “a world of Robert Kaplan-esque urban hellscapes — brutal and anarchic supercities filled with gangs of youth-gone-wild, a restive underclass, criminal syndicates, and bands of malicious hackers,” the ominous voice of the narrator speaks of a need to “drain the swamps.”

Drain the swamps.

Surely, we’ve heard that phrase before?

Ah yes.

Emblazoned on t-shirts and signs, shouted at rallies, and used as a rallying cry among Trump supporters, “drain the swamp” became one of Donald Trump’s most-used campaign slogans.

Far from draining the politically corrupt swamps of Washington DC of lobbyists and special interest groups, however, the Trump Administration has further mired us in a sweltering bog of corruption and self-serving tactics.

Funny how the more things change, the more they stay the same.

Now the government has adopted its own plans for swamp-draining, only it wants to use the military to drain the swamps of futuristic urban American cities of “noncombatants and engage the remaining adversaries in high-intensity conflict within.”

And who are these noncombatants, a military term that refers to civilians who are not engaged in fighting during a war?

They are, according to the Pentagon, “adversaries.”

They are “threats.”

They are the “enemy.”

They are people who don’t support the government, people who live in fast-growing urban communities, people who may be less well-off economically than the government and corporate elite, people who engage in protests, people who are unemployed, people who engage in crime (in keeping with the government’s fast-growing, overly broad definition of what constitutes a crime).

In other words, in the eyes of the U.S. military, noncombatants are American citizens a.k.a. domestic extremists a.k.a. enemy combatants who must be identified, targeted, detained, contained and, if necessary, eliminated.

Funny how closely fact tracks fiction these days.

Just recently, in fact, I re-watched Escape from L.A.John Carpenter’s 1996 post-apocalyptic action film that imagines a future (2013, in fact) in which the United States has elected a president for life who runs the country according to his own theocratic moral law. Anyone who runs afoul of the president’s moral laws is stripped of their citizenship and either electrocuted or deported to the island of Los Angeles, a penal colony where lawlessness reigns supreme.

As the film’s opening narrator recounts:

In the late 20th century, hostile forces inside the United States grow strong. The city of Los Angeles is ravaged by crime and immorality. To protect and defend its citizens, the United States Police Force is formed. A presidential candidate predicts a millennium earthquake will destroy L.A. in divine retribution. The earthquake measuring 9.6 on the Richter scale hits at 12:59 P.M. August 23rd in the year 2000. After the devastation, the Constitution is amended, and the newly elected president accepts a lifetime term of office. The country’s capital is moved from Washington, D.C., to the president’s hometown of Lynchburg, Virginia. Los Angeles Island is declared no longer part of the United States and becomes the deportation point for all people found undesirable or unfit to live in the new, moral America. The United States Police Force, like an army, is encamped among the shorelines, making any escape from L.A. impossible. From the southeastern hills of Orange County to the northwestern shore of Malibu, the great wall excludes L.A. from the mainland. The president’s first act as permanent Commander in Chief is Directive 17: once an American loses his or her citizenship, they are deported to this island of the damned, and they never come back.

Carpenter is a brilliant filmmaker whose dystopian visions of the future are eerily prescient, but this film is particularly unnerving: environmental disasters; engineered viruses used like weapons to control the masses; riots and looting that leave the populace longing for law and order; religion used as a weapon; martial law; surveillance that keeps every citizen under the government’s watchful eye; and a growing awareness that the only path to freedom left for humanity is to shut down the government and start over again.

We’re almost there now.

As I make clear in my book Battlefield America: The War on the American People, unless we make some effort to reject the sorry excuse for a representative government that we have been saddled with, the future that awaits us—whether it’s the future envisioned by the Pentagon in its training video or the future imagined by Carpenter—will be a living nightmare from which there is no escape.

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The Economy Continues To Unravel Despite All Stimulus Measures

This article was originally published by Brandon Smith at Alt-Market. 

Since the pandemic lockdowns were first implemented in the US I have been more concerned with the government and central bank response than the virus itself. As I have noted in past articles, the pandemic restrictions and subsequent economic and social crisis events they help to create will cause far more deaths than Covid-19 ever will. Not only that, but the actions of the Federal Reserve continue to con the American public into believing that there is some kind of “plan” to stop the crash that THEY engineered.

The only agenda of the Fed is to increase the pain in the long term; they have no intention of actually preventing any disaster.

This is evidenced in comments by voting members of the Fed, including Neel Kashkari who recently argued for the enforcement of hard lockdowns for at least six weeks in the US, all because the US savings rate was going up. Meaning, because Americans are saving more in order to protect themselves from economic fallout, Kashkari thinks we should be punished with an economic shutdown that would force us to spend whatever we have been able to save.

Do you see how that works?

Fed members and government officials demand hard lockdowns, depleting public savings, and destroying small businesses. Then, the public has to beg the Fed and the government for more and more stimulus measures so that they can survive. The people and the system become dependent on a single point of support – fiat money creation and welfare. Yet, the evidence suggests that this strategy is failing to do much of anything except stall the inevitable for a very short time.

If the goal was really to reduce the pain of the pandemic as much as possible, then the strategy should be to keep the economy as open as possible and let the virus run its course.  By initiating lockdowns, all we are doing is extending the economic damage over the span of years instead of months.  We can deal with the comparatively minimal deaths associated with the virus; we cannot handle the disaster that is about to befall the financial system.

The small business sector appears to be the most fragile element of the economy right now. The PPP loans that were supposed to shore up small businesses failed miserably, with data showing only 13% to 19% of applicants getting a loan of any kind. Over 64% of small businesses that received a loan are also worried about being approved for loan forgiveness. In other words, of the few small business owners that got a PPP loan more than half do not have the ability to pay the loan back if they end up not qualifying for an exemption.

This problem does not seem to be affecting the corporate sector, however. International companies are enjoying incredible cash infusions from the Fed through overnight loans as well as Fed stimulus propping up stock markets (at least for now). Tech companies in particular are enjoying a rush of investment as the assumption in the day trading world is that the central bank will not allow these companies to fail.

Maybe they are right, but stock markets today DO NOT reflect the health of our system in any way. Stock tickers are a placebo, a Pavlovian trigger for the public, a tool to make people believe that the situation is improving merely because share values are going up. This is not the case.

Small businesses in the US account for around 50% of all employment and job creation. They are a vital part of the economy. Yet, government and central bank measures seem to have left them out in the cold to die.

To be sure, the $600 weekly unemployment enhancement created through the CARES Act passed in March did boost consumer spending, primarily on durable goods such as computers, TVs, cellphones, etc. Spending on services declined though, which is where the majority of small businesses make their money. And, considering the fact that most durable goods are manufactured overseas, this means that the majority of stimulus dollars that went to consumers did not go into the US economy, but foreign exporters like China.

Now, the unemployment enhancement has ended and its return is in question. It will be interesting to see if the boost to purchases of goods will continue without that extra $600 weekly stimulus. Consumer spending rose in July by 1.9%, but this was already a weak print compared to the increases during the previous two months.

Unemployment numbers have declined due to soft reopenings in numerous states, and at the very least some part-time jobs appear to be returning, but nowhere near the level needed to erase the millions of jobs lost since February after the initial lockdowns began. If you count U-6 measurements and unemployed people who have been removed from the rolls for being jobless for too long, the REAL unemployment rate is closer to 30% of working-age Americans. This is essentially Great Depression levels of joblessness.

US GDP has continued to decline by 32% according to the Bureau of Economic Analysis (despite statistical rigging by the Fed and government agencies), and while it’s possible that stimulus slowed the effects of GDP loss, there is no indication what the trillions of dollars created by the Fed have actually bought other than a few months of time and a massive bubble in the stock market.

The economy cannot survive extreme lockdown conditions for any length of time, let alone almost two more months. And, if you want to know what it means when elites in government and central banking call for a “hard lockdowns”, just look at Level 4 restrictions in places like Australia and New Zealand, where only one person can leave home at any given time, can only travel 3 miles from home and only for food and supplies, and anyone caught not wearing a mask is subject to arrest or a $10,000 fine.

This mother in Melbourne, Australia was arrested because of a Facebook post calling for protests over the lockdown restrictions.  She later had to take the post down and offered an apology, saying she did not know it was illegal to post such statements on social media:

Yeah, this kind of Orwellian response will do wonders for any economic recovery, and this is what Kashkari is calling for in the US.  It’s almost as if the Fed and certain politicians WANT a financial collapse in America…

The REAL solution is to stop the lockdown restrictions altogether. If the goal is truly to protect as many American lives as possible for the “greater good”, then the pandemic response must stop. Luckily, it seems that more and more people are beginning to see through the facade and are rejecting the restrictions. Even in Europe and Australia, there have been some signs of protest and rebellion. The problem is that, at least in terms of the economy, it may be too late.

We have to consider the fact that once a large portion of the business sector (like small businesses) takes a massive hit like the one they have suffered over the past several months, many such businesses and jobs will simply not come back. There are many reasons for this, but primarily it’s a matter of debt. The average small business owner carries almost $200,000 in debt for 3-5 years before he reaches profitability or breaks even. This is assuming that there are no major economic catastrophes in that time.

With the pandemic, the riots, the restrictions, etc., businesses will have to take on much more debt with little guarantee of recovery in the next few years let alone the next few months.  Chapter 11 business bankruptcies in the US rose over 26% in the first half of 2020 alone.

Even if lockdown restrictions were completely eradicated tomorrow, a large number of businesses would go bankrupt anyway.  The “Retail Apocalypse” has been growing over the past decade, LONG before the coronavirus was on issue.  Thousands of businesses shut down last year and tens of thousands more are slated to close this year.   The virus and lockdowns simply accelerated the existing decline.

This is why large banks are cutting off loans to business owners and consumers right now; they know exactly where all this is headed.

Banks act as middlemen for the PPP loans financed by the Fed, yet those loans are not getting to most businesses. Banks have also cut credit card lending in the past few months, and general lending has crashed. All of this despite low interest rates for banks receiving stimulus injections from the Fed. Where is all of the money going? They are keeping it for themselves, buying up hard assets as well as propping up the stock market. As noted above, the elites have NO INTENTION of saving the economy, only themselves.

If the stimulus is not getting to the main-street economy then the only purpose it serves is to give the public a false sense of comfort.  The people who gain the most from the ongoing pandemic chaos are establishment elites that want severe restrictions on personal liberty.  Not to mention, the virus and lockdowns offer a convenient scapegoat for the financial crisis that was already brewing due to central bank mismanagement of stimulus, inflation, and interest rates. The bottom line is, the banks do not want the crisis to end.  Why would they?  The longer the panic continues, the more they benefit.

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More Evidence: The Plan Is To Commit “Election Terrorism” This November

The plans for the 2020 election have been in the works for a long time, and Donald Trump and Joe Biden are both playing their roles well.  There have already been promises of a horrifying and violent election response, and if we pay attention, we already know who is going to “win.”

Since we know that our votes don’t matter, the elitists choose the president and most of Congress and the Senate, we can look at their “secret election model” to see what they have planned for after the election. It’ll be nothing short of inorganic terrorism committed by the government at the commands of the Federal Reserve against the American people.

Another Secret Model: A Contested 2020 Election

Their model predicts that the worst case scenario will be a win for Trump in the electoral college with Biden getting the popular vote.  It won’t matter though, because neither side will accept the results, they’ve already said as much, and now Trump is saying that his supporters should try to vote twice to “test” the mail in voting system.

You can’t make this stuff up! This entire system is such a scam, it’s getting a little sad that people aren’t seeing this. Most people are going to vote showing the system they support the illusion and their own enslavement.

Manipulating The Masses: Edward Bernays & Why The System Needs Your Compliance

It’s continually getting worse too. Donald Trump has proposed that voters in North Carolina cast their ballots twice to test the state’s mail-in voting system, prompting criticism that he promoted the same “fraud” his detractors insist was impossible, according to a report by RT.  “Well, they’ll go out and they’ll vote, and they’re going to have to go check their vote by going to the poll and voting that way, because if it tabulates, then they won’t be able to do that, the president told reporters during a visit to North Carolina on Wednesday when asked about his confidence in mail-in voting.

Trump’s suggestion prompted cries of “voter fraud” from leftists.  They are gearing up for voter fraud and a contested election from both sides.

We are being played. The only way to win their rigged game is to refuse to play anymore. Stand up, be aware of what’s going on, prepare, and refuse to live in fear. That’s the best solution right now. It isn’t easy to wake up and realize you’ve been played but it’s imperative if you do not wish to be a slave to the elitists.

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Prepare Now: The Dollar’s Crash Is Only Just Beginning

It’s time to make preparations for a complete dollar collapse. It’s being destroyed by design, but we are experiencing now in the economy is only the beginning.  The rest of this year will be chaotic at best.

The greenback’s recent weakness “is the beginning of a very large move” that could hurt the droves of investors exposed to it through their holdings in United States stocks and bonds, Ulf Lindahl said. The end of the dollar is imminent. It will happen.  It’s best to prepare now.

Wake Up! The Dollar Is Being Destroyed By Design!

The Federal Reserve’s constant money creation is going to make things difficult for most in the coming year.  We could even see the pressure to use their new digital dollar within the next year too, which will be a system of slavery. It’ll be up to us to make sure we do not accept or use their new digital dollar, but many will choose too, especially if it’s tied to free money or universal basic income.

Lindahl’s research breaks down the dollar’s fluctuations over the decades into 15-year cycles that show the greenback weakening sharply against the euro before recovering most of the losses.

Though the dollar’s drop has slowed in recent weeks, that’s “really an opportunity to get out of the dollar,” he said.

Most bearish investors expect the dollar to depreciate on the back of stronger economic growth prospects outside the United States, rock-bottom U.S. interest rates, and concerns that programs to allay the coronavirus pandemic’s economic fallout are inflating fiscal deficits. –Reuters

As we’ve said before, gold and silver will be the best way to prepare, have something barterable, and hold real money. If you want to get into cryptocurrency, now might be a good time.

Remember, to pay attention, be aware of what’s happening, and prepare the best you can while refusing to live in fear. Right now, that’s the best solution. Until enough people wake up to the real problem, we cannot unite for permanent lasting changes, but we can make changes on our own that can give us each more freedom. Live free and fearless in a totalitarian world. That’s really what the rulers and the New World Order psychos fear the most.

The Establishment Doesn’t Fear Trump, And It Doesn’t Fear Bernie. It Fears You.

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Think It’s Bad Now? “It Doesn’t Matter Who Wins, The Dollar Is Going To Be DESTROYED!”

In an interview with SGT Report, Doug Casey explains that we’re in the midst of the “greater depression” and the real chaos, both societal and economic, is dead ahead.  If we think things are bad now, just wait until after the election, because “it doesn’t matter who wins, the dollar is going to be destroyed!”

Most of our readers already understand the dollar is being destroyed and it’s being done on purpose by the Federal Reserve to bring on their new fully centralized, unbacked, digital dollar, which will be a system of complete control and enslavement. When the dollar finally falls for good, things will get so chaotic, it’ll be unimaginable. Casey says we’ll see financial chaos, economic chaos, and societal chaos.

This is not a matter of if the dollar will crash, but a matter of when, it won’t make any difference who is chosen to be the next banker puppet (president) when that finally happens.

Casey says that gold is still one of the best ways to protect your wealth.  Preparedness will help you get through the chaos of a destroyed dollar.  Most people won’t know what’s coming, but those who have precious metals will have a better chance of getting through.  Silver is a “high tech industrial element” and could end up being in high demand.  Casey predicts silver will of over $50 per ounce.

These next few years are going to be chaotic.  But you can try to become as wealthy as you can to insulate yourself from the chaos. Casey says old and silver are the best way to do that.

SGT Report asks Casey about the democrats destroying the dollar and Donald Trump swooping in as a savior and returning us to sound money. Casey says: “Well, I wouldn’t plan my life around Trump doing anything that’s terribly intelligent economically, although I very much appreciate his efforts to deregulate the economy and fighting against the deep state.”  Casey then says he doesn’t necessarily think Trump will win.

As we’ve stated before, presidents are chosen, and if Trump can give the Federal Reserve what they want, and as long as he won’t stand in the way of their destruction of the current system as we know it,  he will be reelected. The economy is going to get much worse by the time the election comes, and that will weih heavily on voters.

Both sides will be cheating, and “I’d gear up for stormy weather,” says Casey of these times leading up to election.

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THE FED DEMANDS YOU BUY GOLD!

This article was contributed by Tom Beck with Portfolio Wealth Global. 

This week, the Federal Reserve hosted its first-ever VIRTUAL Jackson Hole Meeting. I had three screens OPENED SIMULTANEOUSLY: one on gold’s price, the second on the S&P 500 and the third on Powell’s testimony.

It was amazing to see – gold went from $1,927/ounce to $1,973 in the span of seconds. The markets went up by 0.4% in a minute, as Jerome Powell kept educating the world of institutional investors on how the FED sees the landscape, in its attempt to fulfill its DUAL MANDATE of stable pricing and maximum employment.

The momentum in stocks is SO STRONG at the moment that an additional 4% will actually make this rally the GREATEST EVER.

Courtesy: Zerohedge.com

Billionaires like Buffett, Gundlach and others are SITTING THERE puzzled by this, unable to come to grips with the idea that it might be a different world than the one they made their fortunes in.

It’s like the world is divided between those who believe that this is an INSANE BUBBLE and those who don’t understand what the alarmists are shouting about, since there’s no OTHER ALTERNATIVE to stocks.

To that SECOND CAMP, the below chart means absolutely nothing on its own!

Courtesy: Zerohedge.com

They’re not concerned by it, since they justify that EXPENSIVE VALUATIONS aren’t to be viewed in the same light as they were in 1998, when interest rates were higher, when China was non-existent, when the Internet was just a tiny dot on the global economy and when hardly any people had cellphones.

These investors define themselves as business analysts and stock pickers; they DON’T CARE how expensive the stock market is, in general terms. All they care about is the following question:

According to the present time, where is the BEST PLACE to put my money?

If the answer is a particular stock, they pull the trigger, NO QUESTIONS ASKED.

The macroeconomic picture is not a chief part of their calculations, since they assume these things are already priced in.

This strategy WORKS WELL, when you have a raging bull market.

These investors FAIL TO ASK one question, though:

WHY are markets running like this?

This is a very important question, since properly answered, it considers that there’s an ARTIFICIAL COMPONENT to the present condition, which carries a HEAVY PRICE with it.

Courtesy: Zerohedge.com

Let’s process this global economy together; EVERYWHERE, governments are running unsustainable tabs, so the VALUE OF CURRENCY is eroding, which makes investors get out of cash, whenever they have some sitting idle.

Why have cash on hand, they ask, if the Federal Reserve and other central banks virtually guarantee that prices will keep going up and when they plummet, the central bank will INTERVENE as aggressively as they lawfully can?

The answer is that NO ONE can guarantee the next FED Chairman will do the same as this one OR that the system won’t reach its limit of distrust. When the limit is reached, the purpose of the bailout won’t appease investors, since they’ll be more concerned with insolvency and zombie companies than with a credit bubble.

The Federal Reserve has told you as much: We are HERE, come rain or shine, but we aren’t all-powerful. We have our OWN AGENDA, so make sure you fully understand that we can either work on your behalf or CRUSH YOU.

You have to CHOOSE: Gold or cash. My mind’s MADE UP!

The post THE FED DEMANDS YOU BUY GOLD! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Dollar Federal Reserve inflation Intelwars Monetary Policy

Fed Shifts Inflation Policy to Steal More of Your Wealth

The Federal Reserve has doubled down on its policy of devaluing your money.

During a speech in Jackson Hole last week, Federal Reserve Chairman Jerome Powell announced a shift in the central bank’s inflation policy.

In the past, the central bank has targeted a 2 percent inflation rate as measured by CPI. Now it will follow a policy of “average inflation targeting.” In effect, the Fed will allow the CPI to run “moderately” over 2 percent “for some time” to balance out periods where it runs under that level.

“Many find it counterintuitive that the Fed would want to push up inflation. However, inflation that is persistently too low can pose serious risks to the economy,” Powell said during prepared remarks at the summit.

The notion that falling prices are bad for the economy is ridiculous to begin with and is nothing more than Keynesian claptrap. But when you define inflation correctly – as an expansion of the money supply – it is anything but “too low.” In fact, it is at the highest level in history.  But based on the consumer price index (CPI), “inflation” has been well below 2 percent for many years. In effect, this new policy means that the Fed will likely hold interest rates at zero for a significant amount of time – probably years – even if (when) CPI runs above 2 percent.

Fed inflation policy has evolved over time to allow for an ever-increasing devaluation of the dollar. The natural tendency in a healthy economy is for prices to decline. So originally, the Fed’s goal was “price stability. Early on, the central bank simply tried to keep prices from rising or falling. Eventually, it shifted to a 2 percent ceiling. It didn’t want rising prices, but it would tolerate them as long as they stayed below 2 percent. But eventually, 2 percent shifted from the ceiling to the target. And now the Fed has moved the goalposts once again with its 2 percent average.

The question is why does the Fed want inflation to begin with? Why does it think that falling or even stable prices “pose serious risks to the economy?”

Because without money printing (true inflation) and the accompanying price inflation, the U.S. government cannot borrow and spend to excess. The Fed is the engine that powers the biggest, most powerful government in the world.

The federal government could never get away with spending trillions every year on the welfare and warfare state if it had to directly tax Americans to pay for it. Instead, it pays for its profligacy through a hidden tax –  inflation. It devalues the dollar and keeps interest rates artificially low to enable government borrowing.

The Fed doesn’t literally run off dollar bills in the basement of the Eccles Building. In practice, the Fed monetizes U.S. debt through the purchase of Treasury bonds on the open market with money it creates out of thin air. This creates artificial demand for U.S. bonds and holds interest rates artificially low. The Fed monetized trillions in debt after the 2008 financial crisis and held interest rates at zero for 7 years.

But the Fed has backed itself into a corner with its loose monetary policy. It can’t fight inflation. That requires rising interest rates. When former Federal Reserve Chair Paul Volker defeated stagflation that ran rampant in the 1970s, he allowed interest rates to rise to 20 percent. Given the amount of debt in the economy today – both government and private – a 20 percent interest rate would collapse the economy. In fact, the Fed couldn’t push rates above 2.5 percent after the Great Recession before the stock market crashed and the central bank pivoted back to rate cuts and money printing.

Since it can’t realistically fight inflation, the Federal Reserve has to keep redefining its inflation policy to justify rising consumer prices. It’s not because it’s “good for the economy.” It’s because it can’t let interest rates rise without popping the economic bubble. It can’t keep inflation constrained while maintaining the monetary policy necessary to sustain government spending. So, it simply moves the goalposts in order to justify continuing its money-printing and artificially low interest rate policies without having to explain why inflation is running hot.

Meanwhile, your purchasing power continues to diminish, the value of your savings dwindles, and the dollar flutters ever-closer to the edge of a cliff.

Because this can’t go on forever. At some point, the Fed will completely lose control of inflation. Now that the genie is out of the bottle, she’s not going back inside. Money printing can only go so long before inflation starts to run out of control. If the central bank still fails to act, it runs the risk of hyperinflation.

Many people believe the U.S. can escape hyperinflation because the dollar enjoys special status as the world reserve currency. That certainly makes it easier for the Fed to print with abandon. But there is no guarantee the dollar will always remain at the top of the monetary pile. In fact, Goldman Sachs recently warned the dollar could be in danger of losing its reserve status.

“Combined with a record level of debt accumulation by the US government, real concerns around the longevity of the U.S. dollar as a reserve currency have started to emerge.”

Eventually, economics always wins.

Even without hyperinflation, the constant devaluation of the dollar erodes the average person’s wealth. And the money-printing enables the government to continue growing. If you really want to limit the government, it’s imperative to end the Fed.

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