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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!

The post GOING FOR THE JUGULAR: Squeezing Bulls – BOMBS AWAY! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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The Federal Reserve Is “Fighting the LAST BATTLE!”

The central bank of the United States, the same one that creates dollars out of thin air, is “fighting the last battle.” Things are going to get a lot worse, and it’s all by design.

The goal is a full control centralized dollar and dependence on the system for a universal basic income. In other words, complete slavery is the ultimate final goal of the New World Order. The central banks are in control right now, the dollar is collapsing, and this is all being done on purpose.

The Fed won’t be changing anything dramatically with regards to their monetary policy, and if you already know what the end game is, you know this.  The “last battle” they are fighting now is for ultimate control over every single transaction of all human beings.

Interest rates will be allowed to drop even further and the dollar will be destroyed all while Americans continue to struggle to put food on the table and the corporations get ridiculously wealthy. Last night, Greg Mannarino uploaded his “Market Wrap Up” and tried to remind those listening of what is really going on.

 

“They are on a mission to own it all,” says Mannarino of the Fed’s ultimate plans. “They’re gonna buy more debt, they’re gonna issue more debt, and they’re gonna melt the dollar…nothing is gonna change here. The goal of these central banks is to inflate massively. Debts and deficits are going to balloon.”

Mannarino continued, saying:  “It’s pretty obvious and it should be to anyone that things are going to get monumentally worse by design...it’s all a scam. This entire thing is a charade, it’s fake.”

The United States alone has Great Depression levels of unemployment, half (or more) of small businesses are gone for good, never to return, meanwhile, Wall Street executives are ettin the biggest bonuses in history this year. Let that sink in. There is no recovery. There was never meant to be.

The post The Federal Reserve Is “Fighting the LAST BATTLE!” first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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The Global Police State Is Swiftly Rising

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

There is always an excuse for the enforcement of totalitarian restrictions on the public. There is always a reason.  And, often these reasons are engineered to sound logical and practical at the time.

In Germany after WWI and into the early 1930s Bolshevik activists and the German Communist Party (KPD) engaged in aggressive economic sabotage, street violence, and even assassinations. This along with the Great Depression led to German middle-class support for the National Socialist Party and the Third Reich (fascism).  Much of history’s focus is on the horrors of the Nazis, but many people are unaware of the extreme threat of the communist revolution in Europe during this era, a threat which was used by the Nazis as a perfect rationale for constructing a police state. Arguably, without the existence of hardline communism, the fascists never would have had the public support needed to rise to power.

In Russia after the Bolshevik Revolution, the Cheka secret police were established in the name of preventing “counter-revolution”. This is an interesting aspect common to communism in particular; they desperately cling to the narrative that THEY are the “revolutionaries”, even when they have all the power. Thus, the revolution never ends because there are always people who disagree with communism. Anyone who refuses to comply with Marxist mandates becomes an imperialist enemy and bogeyman and is held up as an example of why the revolution must perpetually continue. The police state must exist forever to root out the evil classists lurking in the shadows.

During the 1918 Spanish Flu outbreak, a virus with a much higher death rate among younger Americans compared to today’s coronavirus, major US cities such as New Orleans instituted martial law measures and lockdowns on the economy; closing schools, churches, public transportation, and places of leisure. Of course, despite claims in the wake of COVID, these measures did little to nothing to stop the spread of the virus and the public became frustrated with their inability to function in the day-to-day economy (sound familiar). The population began to rebel against restrictions that were leading to financial decay, and there was little governments could do about it.

I’ve noticed that the mainstream media has attempted in the past six months to rewrite the history of the Spanish Flu as if martial law measures were a success, even though ultimately the flu ran its natural course in the majority of US cities. Infections and deaths continued unabated until the virus burned itself out and disappeared (no working vaccine was ever produced though there were many failed attempts based on the assumption that the disease was bacterial). Martial law actions only served to drag out the timeline of the virus.

One could argue that a hundred years ago governments did not have the same tools at their disposal as they do now. But are we really that much further ahead? Virologists have been working on an effective SARS vaccine for almost two decades with little success; the idea that they could come up with a working vaccine for COVID in the span of a year (as many governments are suggesting) seems absurd. History shows us that when vaccines are rushed into production by authorities, very bad things happen.

Regardless of lockdown measures, infection rates continue to climb in many nations, thereby justifying EVEN LONGER or more frequent lockdowns. This creates an endless cycle of economic instability which the public cannot endure, and many people are beginning to wonder what purpose of the pandemic restrictions serve? It’s obviously not to slow the virus and save lives as an effective vaccine is unlikely to be developed in time for the lockdowns to matter. But, if you wanted to quickly implement a totalitarian system, then using a global health threat as justification might be the ticket.

The problem for the establishment will be this: How can they keep the tyranny going once they have it? Ultimately, for a totalitarian system to work it NEEDS a large portion of the public to support it on principle. The public has to believe that the loss of their liberties is necessary to their survival for the long term.

What I find most interesting is the disparity in response to the two sides of the crisis today. Just as in the early part of the 20th century, we have a communist uprising as well as a global pandemic that the public is growing increasingly suspicious of. How the government treats each problem is obviously different.

For example, the law enforcement response to the BLM and ANTIFA riots has been rather subdued and passive. I was in Pittsburgh for the G20 event in 2009 and I can tell you from experience that the police response was vicious and highly coordinated, and this was against groups that were doing nothing more than chanting slogans in the street without a permit from the city (the city government only gave out ONE protest permit while the G20 were present in Pittsburgh).

There was no rioting and minimal damage to private property, yet law enforcement deployed full force measures including Spartan formations, sound cannons, rubber bullets, and armored vehicles. Watch video footage of the G20 in Pittsburgh and then compare it to the riots in Portland, Seattle, Minneapolis, New York, etc. It should become clear to you that for some reason police are being ordered to hold back the majority of the time.

Another glaring issue is the media response to the riots. They refer to the protests as exclusively peaceful despite mass looting, destruction of private property, and violence. They treat BLM as sacrosanct and untouchable and act as an attack dog against anyone criticizing the actions of the organization. The issue of social distancing and virus spread is dismissed or ignored when it comes to BLM.

By extension, examine the mainstream media response to the protests against coronavirus lockdown restrictions. No riots, no looting, no violence on the part of conservative and moderate protesters, yet the media demonizes them as if they are a threat to the very fabric of our society. Look at how quick authorities have been to arrest people who refuse to follow lockdown restrictions, and take into account how aggressive arrests have been in other countries like Australia, Spain, or the UK for doing nothing more than posting messages on Facebook or not wearing a mask on the street.

I think my point here is clear: The establishment supports social justice violence and unrest and is cracking down hard on any resistance to medical tyranny. The hypocrisy is evident.

But this brings up some questions; such as why they are so keen to allow the BLM riots to continue? As noted at the beginning of this article, I think the strategy is evident – It’s a two-pronged attempt, a bait and switch: If the Marxists are successful and meet little resistance from the public then they will tear down the current system, and the elitists’ institutions that fund them like George Soros’s Open Society Foundation and the Ford Foundation will use the opportunity to build an Orwellian collectivist society from the ashes.

On the other hand, as in Germany in the 1930s, the civil unrest caused by hard-left groups could also convince the general public that martial law measures are an acceptable solution and make them willing to sacrifice constitutional protections in order to rid themselves of the threat. There have been examples of this recently when federal agents initiated a black bagging of protester in Portland using unmarked vans; all I saw from most conservatives was cheering. This would undoubtedly lead to a long term totalitarian structure that, once again, benefits the elites that inhabit every aspect of government including Trump’s White House.

In both cases, the power elites get what they want – a police state.

In terms of the pandemic response, a police state is already being established in many nations, and with most Western people’s predominantly disarmed there is little chance they will be able to resist the crackdown that will ensue as they try to protest the restrictions. But what about in America?

This is why it does not surprise me that the BLM riots are being encouraged so openly in the US. Look at it this way: If the elites cannot get us to go along with medical tyranny for fear of sparking an armed uprising from conservatives with actual training and ability, then they figure maybe they can trick us into supporting martial law in the name of defeating the political left.

The only solution is to refuse to support either option. We must repel the establishment of medical tyranny and stand against any overstep of state and federal governments against the constitution when it comes to protests. Riots and looting can be dealt with and dealt with within the confines of the Bill of Rights. Also, once again I would point out that in almost every place where armed citizens organize and take up security measures in their communities the protests remain peaceful, or they don’t happen at all.

There is no legitimate excuse for a police state. There is always another way. Anyone that tells you different has an agenda of their own.

The post The Global Police State Is Swiftly Rising first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Will the Federal Reserve Cause the Next Riots?

This article was originally published by Ron Paul at The Ron Paul Institute for Peace and Prosperity

Federal Reserve Chair Jerome Powell and San Francisco Fed President Mary Daly both recently denied that the Federal Reserve’s policies create economic inequality. Unfortunately for Powell, Daly, and other Fed promoters, a cursory look at the Fed’s operations shows that the central bank is the leading cause of economic inequality.

The Federal Reserve manipulates the money supply by buying and selling government securities. This means that when the Fed decides to pump money into the economy, it does so by putting it in the pockets of wealthy, and oftentimes politically-connected, investors who are able to spend the new money before the Fed’s actions result in widespread inflation. Wealthy individuals also tend to be among the first to invest in the bubbles that form when the Fed distorts interest rates, which are the price of money. These investors may lose some money when the bubble bursts, but these losses are usually outweighed by their gains, so they end up profiting from the Fed-created boom-bubble-bust cycle.

In contrast, middle-class Americans lose jobs as well as savings, houses, and other assets when bubbles burst. They will also not benefit as much as the rich and well-connected from government bailouts and stimulus schemes. Middle- and working-class Americans also suffer from a steady erosion of their standard of living because of the Fed’s devaluation of the currency. This is the reason why so many Americans rely on credit cards to cover routine expenses. The Federal Reserve is thus the reason why total US credit card debt is almost one trillion dollars.

Big-spending politicians are also beneficiaries of the fiat money system. The Fed’s purchases of US debt enable Congress to massively increase welfare and warfare spending without increasing taxes to politically unacceptable levels. The people pay for the welfare-warfare state via the Fed’s hidden and regressive inflation tax.

Low interest rates also benefit politicians by keeping the federal government’s interest payments low. This is an unstated reason why the Fed will keep interest rates near zero or even lower interest rates below zero.

In response to the government-caused economic collapse, the Federal Reserve increased the money supply by about a trillion dollars from mid-April to early June. In contrast, it took the Fed all of 2019 to grow the money supply by 921 billion dollars. Even before the lockdown, the Fed was massively intervening in the economy in a futile attempt to prevent an economic crisis.

A coming crisis will likely be triggered by a collapse in the dollar’s value and a rejection of the dollar’s world reserve currency status. The economic collapse will be worse than the Great Depression. This will result in widespread violence along with government crackdowns on liberties, accelerating the US slide into authoritarianism. The only way to avoid this is for Congress to make drastic cuts in spending — starting with defunding the military-industrial complex — and to audit then end the Fed.

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Local Governments Want YOU To Pay For The Economic Terrorism They Caused

Local governments want massive tax hikes to cover the costs of the economic terrorism they extracted on the entire population. Cities like Nashville, Tennessee plan to hike property taxes as much as 34% to cover the costs of their terrorism.

Have you had enough yet? Because too many are still taking this on the chin. Historic job losses caused by government-mandated lockdowns that have fueled the downturn have also put the squeeze on city and state budgets. Washington sought to offset this with stimulus payments, additional unemployment benefits, business grants, and more, but now they want their money back in the form of massive tax hikes.

Any push to raise taxes too dramatically could hurt the economy even more, not to mention cause civil unrest.  People are already living on the edge, and those lucky enough to still have jobs are living paycheck to paycheck. But, if the government can get away with it from a passive and sleeping public, they’ll do it.

Planned “Second Wave” is Coming: The Terrorism Committed By Government Isn’t Over Yet

There is no better description of what’s happening to Americans than terrorism.  The fact that we are being terrorized by our own government in far more disastrous ways than Islamists could have possibly imagined should horrify everyone in this country. Places thought to be “safe havens” from liberal lunacy have become epicenters for theft and forcing the public to pay for their own enslavement.

In Texas, Dallas lawmakers were considering a massive property tax hike of as much as 8 percent but needed the city council to pass a measure allowing them to increase rates by more than 3.5 percent. In May, the resolution failed after a 12-3 vote, according to Fox News. 

New York state lawmakers are pushing for income tax hikes for those who earn more than $5 million. In Seattle, a new measure approved by the City Council will add a tax on companies with at least $7 million in annual payroll. The “JumpStart Seattle” tax will tax businesses up to 2.4 percent on Seattle-based employees who earn more than $150,000. The bill specifically references the emergency conditions imposed by the pandemic. New Jersey Governor Phil Murphy warned that if the state does not borrow more money, he would “have no choice but to raise property taxes,” according to NJ.com.

Have you finally figured it out? It’s not republican or democrat. These tax hikes span across both red and blue states.  They are waging an economic war on us, and most Americans are rolling over and taking it, allowing these psychopaths to win. These people look down at the public and think of us as nothing more than tax cattle and we are doing little to show we are anything but.

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The U.S. Economy Hasn’t Experienced Anything Like This Since The Great Depression Of The 1930s

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

The recession of 2008 and 2009 was bad, but it was nothing like this.  Even though this new economic downturn is only a few months old, we are already seeing numbers that we haven’t seen since the worst parts of the Great Depression of the 1930s.

More than 48 million Americans have filed new claims for unemployment benefits over the past 15 weeks, well over 100,000 businesses have permanently closed their doors, and civil unrest has turned quite a few of our major cities into war zones.  But not all areas of the country are being affected equally.  For example, there are rural areas that haven’t really seen a lot of COVID-19 cases where life seems to have changed very little from six months ago.  On the other hand, some urban areas that have been hit really hard by COVID-19 have been absolutely devastated economically.  For example, the New York Times is reporting that a million jobs have been lost in New York City, and the unemployment rate for NYC “is hovering near 20 percent”

The city is staggering toward reopening with some workers back at their desks or behind cash registers, and on Monday, it began a new phase, allowing personal-care services like nail salons and some outdoor recreation to resume. Even so, the city’s unemployment rate is hovering near 20 percent — a figure not seen since the Great Depression.

We are going to be using the phrase “since the Great Depression” a lot in the coming months.

Fear of COVID-19 is going to paralyze our economy for the foreseeable future, and all of this fear is hitting some companies more severely than others.  On Tuesday, Levi Strauss announced that sales were down a whopping 62 percent during the second quarter

The denim maker Levi Strauss & Co.’s sales fell 62% during its fiscal second quarter, the company announced Tuesday, as its online sales weren’t enough to make up for its stores being temporarily shut for roughly 10 weeks during the Covid-19 crisis.

If Levi Strauss expected this to be just a temporary setback, they would probably try to keep all of their employees on board.

But instead, they apparently believe that hard times are here to stay and they have just decided to eliminate “about 700 jobs”

Levi’s also announced it will be slashing about 15% of its global corporate workforce, impacting about 700 jobs, in a bid to cut costs during the coronavirus pandemic. It said the move should generate annualized savings for Levi’s of $100 million.

Of course, a whole lot of other companies are laying off workers right now too.  Another 1.427 million Americans filed new claims for unemployment benefits last week, and that is an absolutely catastrophic number.  Prior to 2020, the worst week in all of U.S. history for new unemployment claims was in 1982 when 695,000 unemployed workers filed in a single week.  So what we are witnessing right now is nothing short of a “tsunami of job losses”, and even CNN is admitting that millions of the jobs that have been lost “are never coming back”…

The American economy’s unprecedented jobs rebound masks a difficult truth: For millions of people, the jobs they lost are never coming back.

“It’s clear that the pandemic is doing some fundamental damage to the job market,” said Mark Zandi, chief economist for Moody’s Analytics. “A lot of the jobs lost aren’t coming back any time soon. The idea that the economy is going to snap back to where it was before the pandemic is clearly not going to happen.”

I couldn’t have said it better myself.

Since most Americans were living paycheck to paycheck before this pandemic erupted, millions of unemployed workers have found themselves in desperate need very suddenly.  I have written numerous articles about the massive lines that we have been witnessing at food banks around the nation, and we just witnessed another two-mile-long line at a food bank in Florida

More than 700 cars were seen waiting in a two-mile long food bank line in Florida as the US grapples with nearly half of Americans being unemployed amid a spike in new coronavirus cases that has sparked fears of more shut downs and lay-offs.

Sunrise Assistant Leisure Services Director Maria Little, who was put in charge of food distribution for the city when the coronavirus hit the US in March, said her group served about 720 cars in Miami on Wednesday.

This is not what a “recovery” looks like.

In fact, for certain sectors of the economy, the numbers are rapidly getting a lot worse.  For instance, just check out what CNBC is reporting

Delinquencies in commercial mortgage-backed securities last month had their largest one-month surge since Fitch Ratings began tracking the metric nearly 16 years ago.

The delinquency rate hit 3.59% in June, an increase from 1.46% in May. New delinquencies totaled $10.8 billion in June, raising the total delinquent pool to $17.2 billion.

And Fitch Ratings is warning that these numbers are going to get far worse in the months ahead.

And this is just the beginning. Fitch analysts are projecting that the impact from the coronavirus pandemic will drive the delinquency rate to between 8.25% and 8.75% by the end of the third quarter of this year.

I have said this before, and I will say it again.

We are on the verge of the biggest commercial mortgage meltdown in the history of the United States.

Countless restaurants and retailers are getting way behind on their rent payments, and as a result, many owners of commercial property are finding it increasingly difficult to make their mortgage payments.

The dominoes are starting to fall, and this is going to get really, really messy as we head into 2021 and beyond.

Of course, the same thing could be said for the U.S. economy as a whole.

I know that I haven’t been posting quite as often the last couple of weeks, and that is because I have been finishing my new book.  It is not too far from being completed, and it is going to be the most important thing that I have written so far.

We are right on the precipice of the most chaotic chapter in all of American history, and a collapsing economy is just going to be one element of “the perfect storm” that we are facing.

So please use the summer months to get prepared for what is ahead, because even though things are bad right now, the truth is that we have only experienced the leading edge of “the perfect storm” so far.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of 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 have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. 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. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. 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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CONFLICT OF INTEREST: Gold Soaring – WALL STREET ACCUMULATION!

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

In the old days, companies were allowed to fail even if a health crisis like COVID-19 forced WIDESPREAD SHUTDOWNS, quarantines, and business closures mandated by the government. The PURE CAPITALISM theory popularized in the European Industrial Revolution was such that ANYTHING GOES, and it produced the first class of robber barons.

These business magnates created trusts, combinations, and monopolies. They worked their employees like slaves, without regard to human rights or common sense. People would work 12-hour shifts without food and breaks, in many cases LOCKED IN THEIR OFFICE by design.

Riots and strikes WERE COMMON, as that was the way worker unions would LEVERAGE THEIR POWER over the factory owners. If one business failed, another would replace it, and that happened often. Bankruptcies and defaults were extremely frequent and would result in immediate foreclosures.

In the Great Depression, for example, 4,000 banks WENT UNDER. Because of that trauma, the FDIC was formed and many social safety nets were put in place.

The criticism towards the Federal Reserve system was that IT DID NOTHING, or NOT ENOUGH to assist in cushioning the blow in 1929, but the PURE CAPITALISTS argue that the lessons learned were so valuable that the period that came after was the most prosperous in American history thanks to the PAINFUL TAKEAWAYS of the 1930s.

No matter where you happen to sit on this spectrum between limited and unlimited government, the facts are that there’s a STRONG TREND in place in 2020 and it is that of MOTHER GOOSE, a government and a central bank, that act WITH FORCE to make investors, business owners, and everyday employees whole, all of which is paid for with NEW CURRENCY created by the Federal Reserve System or borrowed into existence by Washington. It’s disgusting if you ask me.

Courtesy: Zerohedge.com

As you can see, the BALANCE SHEETS of Western societies have gone TO THE EXTREME of the spectrum.

There’s no precedence to this, so NO ONE, including the very bankers in charge, can engage in a FACTUAL ANALYSIS of how this impacts economies. They’re experimenting, and as long as disaster doesn’t strike, they go on in the same direction.

The best way to describe this would be like a racecar driver who is attempting to TAKE A CORNER at the highest speed possible. At first, he thinks that he has to use the gas as much as possible, but when he sees that’s causing the car to spiral, he begins to change his mind and brakes hard before the corner, turns the steering wheel, and slowly accelerates. Next, he tries to brake as late as possible, BETTERING HIS TIMES in the process each and every lap. His new system seems to be working perfectly. He becomes confident that he has found the magic formula, so the following lap, he waits too long and BRAKES AS HARD AS HE CAN but to no avail. The car goes into the grass before hitting the pile of tires placed there to cushion blows.

His best lap, where he is MOST EXHILARATED, is the one right before the crash that takes him OUT OF THE GAME.

Imagine being a spectator or a sports bettor watching the progress of this professional. Would you bet against him as he keeps making BETTER LAPS each and every time? Not many would.

Who would be concerned? Someone that has been in the driver’s seat and has seen how these things end. The point is that retail traders believe these stocks can’t go down, while seasoned investors know this party will soon be raided by police, metaphorically speaking.

Courtesy: Zerohedge.com


As you can see, the REAL ECONOMY is now beginning to reveal its face to us!

If you’re like me, you understand that a good car and a good driver can last many laps without a mechanical error appearing or a loss of concentration on the part of the driver, but NO ONE’S PERFECT and no system is always effective.

Every fiat currency system has eventually failed, and this one HAS PEAKED.

Courtesy: Zerohedge.com

 

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
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FATAL KRYPTONITE: Dollar Finished, Savers Crushed – GOLD DELIVERS!

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


Goldman Sachs actually told its high-net-worth clients that it is a perfect time to EXPLOIT MADNESS exhibited by part-time retail investors and to CRUSH THEM. I’ve seen some REMARKABLE TESTIMONIES on how the average person decides on which stocks to buy and why.

One thing that really SUNK HOME the point of just how wild things have gotten is shown by a survey conducted with people who normally bet on sporting events. They say they have been buying stocks AS A REPLACEMENT, out of boredom.

The second SHOCKING STUDY has proved there’s a correlation between day trading and social media chat rooms about gambling.

Courtesy: Zerohedge.com

You can clearly see the correlation between the Great Depression ending, real wealth creation and prosperity spreading when America produced real products in the 1940s–1970s, and the REVERSAL IN THESE TRENDS when globalists HIJACKED the opportunity from the middle class and incentivized Special Opportunity Zones in China to GAIN MOMENTUM at the expense of many UNSUSPECTING PEOPLE!

Between 1937 and 1982, America’s middle class boomed and capitalism included many more people. That totally changed in 1982 and has intensified until present day.

Big trends either EAT YOU WHOLE or change your life FOR GOOD. In the case of globalization and outsourcing, the trend ate up workers and gave shareholders and executives an INCOME BOOM.

The most destructive UNINTENDED CONSEQUENCE of the income and wealth gap is ACCESS TO HIGHER EDUCATION.

Because tuition is so expensive, the chance that low-income demographics have to become doctors or medical professionals (which are America’s HIGHEST EARNERS as employees) or to assume major roles in Silicon Valley and tech, ARE SUPER LOW.

This perpetuates the gap, ushers NEW WINDS of populism into politics, and INSTIGATES SOCIAL UNREST. When you believe you have no chance of ever becoming FINANCIALLY SOLVENT and that debt will follow you around for the rest of your life, it sometimes leads to INVESTMENT INDIFFERENCE. One loses respect for money and gambles with it, whether on sporting events, Las Vegas, card games, or through Wall Street. You become angry over the topic of money and its fairness and distribution.

It’s unfortunate, but I can empathize with them since it is DEPRESSING to feel stuck!

Courtesy: Zerohedge.com

You can really see how the income for the top 1% WENT EXPONENTIAL in the mid-1980s.

The great equity BULL MARKET started in 1982, and that has led to this surge in income growth for the elite.

The majority of Americans is not BENEFITING FROM the growth of their corporations since the ownership is concentrated in high-net-worth individuals.

The fatal kryptonite of the masses is their LACK OF CONNECTION with the growing industries in America that require SPECIALIZED SKILLS, the type that the poor can’t even begin to imagine how to acquire!

The cheap labor pool offered by other countries around the world makes it so that America is too expensive to go back to being a leading manufacturing hub, but also too untrained to include more households in the tech boom.

This great drama will drive politics, society, and industry to find solutions, but YOU CAN’T wait for it to do so since life is too precious to leave to someone else.

You must work days and nights on DEVELOPING yourself, on educating yourself, and on improving your skills. Open the doors for yourself; there is NO OTHER WAY!

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
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FATAL KRYPTONITE: Dollar Finished, Savers Crushed – GOLD DELIVERS!

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


Goldman Sachs actually told its high-net-worth clients that it is a perfect time to EXPLOIT MADNESS exhibited by part-time retail investors and to CRUSH THEM. I’ve seen some REMARKABLE TESTIMONIES on how the average person decides on which stocks to buy and why.

One thing that really SUNK HOME the point of just how wild things have gotten is shown by a survey conducted with people who normally bet on sporting events. They say they have been buying stocks AS A REPLACEMENT, out of boredom.

The second SHOCKING STUDY has proved there’s a correlation between day trading and social media chat rooms about gambling.

Courtesy: Zerohedge.com

You can clearly see the correlation between the Great Depression ending, real wealth creation and prosperity spreading when America produced real products in the 1940s–1970s, and the REVERSAL IN THESE TRENDS when globalists HIJACKED the opportunity from the middle class and incentivized Special Opportunity Zones in China to GAIN MOMENTUM at the expense of many UNSUSPECTING PEOPLE!

Between 1937 and 1982, America’s middle class boomed and capitalism included many more people. That totally changed in 1982 and has intensified until present day.

Big trends either EAT YOU WHOLE or change your life FOR GOOD. In the case of globalization and outsourcing, the trend ate up workers and gave shareholders and executives an INCOME BOOM.

The most destructive UNINTENDED CONSEQUENCE of the income and wealth gap is ACCESS TO HIGHER EDUCATION.

Because tuition is so expensive, the chance that low-income demographics have to become doctors or medical professionals (which are America’s HIGHEST EARNERS as employees) or to assume major roles in Silicon Valley and tech, ARE SUPER LOW.

This perpetuates the gap, ushers NEW WINDS of populism into politics, and INSTIGATES SOCIAL UNREST. When you believe you have no chance of ever becoming FINANCIALLY SOLVENT and that debt will follow you around for the rest of your life, it sometimes leads to INVESTMENT INDIFFERENCE. One loses respect for money and gambles with it, whether on sporting events, Las Vegas, card games, or through Wall Street. You become angry over the topic of money and its fairness and distribution.

It’s unfortunate, but I can empathize with them since it is DEPRESSING to feel stuck!

Courtesy: Zerohedge.com

You can really see how the income for the top 1% WENT EXPONENTIAL in the mid-1980s.

The great equity BULL MARKET started in 1982, and that has led to this surge in income growth for the elite.

The majority of Americans is not BENEFITING FROM the growth of their corporations since the ownership is concentrated in high-net-worth individuals.

The fatal kryptonite of the masses is their LACK OF CONNECTION with the growing industries in America that require SPECIALIZED SKILLS, the type that the poor can’t even begin to imagine how to acquire!

The cheap labor pool offered by other countries around the world makes it so that America is too expensive to go back to being a leading manufacturing hub, but also too untrained to include more households in the tech boom.

This great drama will drive politics, society, and industry to find solutions, but YOU CAN’T wait for it to do so since life is too precious to leave to someone else.

You must work days and nights on DEVELOPING yourself, on educating yourself, and on improving your skills. Open the doors for yourself; there is NO OTHER WAY!

EXCLUSIVE REPORTS, Featured In This Article and in Others, Which Are Considered ESSENTIAL READING:
1. Gold Investing – DOWNLOAD HERE!
2. Trump’s War with Mainstream Media – DOWNLOAD HERE!
3. Covid-19 Round2 Sell-Off Playbook – DOWNLOAD HERE!
4. Why The Dollar Is Dead – DOWNLOAD HERE!
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CUT-THROAT VENDETTA: Market Hauled By THE ANKLES!

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

Not even FOUR MONTHS AGO, the Chinese government and the U.S. administration signed the HISTORIC Phase 1 trade deal. The biggest concern that markets had on the geopolitical front, ASIDE FROM BREXIT, was over.

Confidence in the future was on the rise and valuations HEADED HIGHER into all-time highs.

In fact, markets got so EUPHORIC that, pandemic or not, we were EMPHASIZING the importance of trimming down exposure and taking profits, regardless. COINCIDENTLY, just one month afterward, in March 2020, the public panicked and CASHED-OUT.

Fear, not coronavirus, is the MOST CONTAGIOUS disease ever created. Fear lurks in the mind of every living being. Fear is an intense emotion, which PROMPTS ACTION. When your small child crosses the road and fails to notice an oncoming vehicle if you notice it, FEAR REACHES EXTREME levels in milliseconds and you RUSH TO ACTION to save him/her.

Our ancestors used fear to their advantage in order to SURVIVE on this planet for millions of years. But fear can also lead you to make decisions that aren’t to your advantage, resulting in DAMAGES.

Life wasn’t always as relatively comfortable as ours is today. Even as recently as 1966, more than 50% of the GLOBAL POPULATION got by on the equivalent of $2/day salaries.

Today, less than 9% of the world lives in this type of ABJECT POVERTY-STRICKEN condition!

Courtesy: Zerohedge.com

One week ago, before this SELL-OFF began, we WARNED YOU about it!

We published a number of reports that a ROUND 2 was SUPER-LIKELY to occur and it has.

We even ISSUED a POTENTIAL BUY LIST; a select few of the featured companies are at or even within the buy range.

In the chart above, there’s AN INSIDIOUS hint that the world in the 1918-1933 era ought to be compared, APPLES TO APPLES, with the 2009-2020 period.

It can’t and it SHOULDN’T. While fear and greed still rule supreme, countless other things have evolved. Could the price of the Dow Jones Industrial Average fall by 89% as it did in The Great Depression? Many INTELLIGENT VOICES are sounding the alarm on that possibility, but I’m not one of them.

It took stocks until 1951 to GIVE BACK all of the losses suffered by the 1929 to 1933 crash – nearly two decades of gains to return to the price levels reached in 1931. The markets are NOTHING LIKE THAT today.

The control over the downside is ENORMOUS; some call it even RIGGED or socialized.

The Federal Reserve of 2020 is A BEAST. It almost FORBIDS recessions or large market declines. Even Warren Buffett acknowledged in his annual meeting that the FED is acting TOO FAST for investors to truly capitalize on the volatility.

Buffett is also aware that, in his own words, NO ONE knows the consequences of the actions of Jerome Powell and his GANG OF THIEVES on the future of banking and finance, but I can tell you one thing: BUFFETT ISN’T BULLISH in the near-term yet.

Courtesy: Zerohedge.com

He sees what we do. He sees more REAL-WORLD TROUBLE in the not-so-distant future and believes, although he doesn’t ADMIT IT PUBLICLY, that the Federal Reserve’s actions the next time around WON’T STOP bargains from emerging.

Unlike us, Berkshire holds the MAJORITY of its liquid cash in Treasuries. Berkshire has LOANED WASHINGTON $114B and it gets ALMOST NOTHING in return.

On the other hand, we hold most of our cash in GOLD and that’s up 70% in the past five years and 11% this year alone. If gold was a stock, it would be ranked among the 25 BEST-PERFORMING companies in the world this year (in the S&P 500).

In fact, Newmont Mining is the No.1 stock on the planet in 2020, within the index.

Right now, Mike Pompeo, former director of the CIA and current Secretary of State, is publicly pointing the finger at China for concealing information early on and for making the problem worse.

Most people don’t know this, but between 1959 and 1962, the Chinese government hid a GIANT SECRET from the world. Only 34 years later, in 1996, did the international community learn about what is now called The Great Chinese Famine.

It is estimated that a combination of DROUGHTS, FLOODING, a poor CENTRALIZED APPROACH to agriculture and an even worse CULTURE OF COVER-UPS sealed the fate of anywhere between 15-40 million hungry men, women, and children, whose burials were CONCEALED.

Hatred towards China is hitting extremes. The U.S. may decide it is time to strike – the markets are NOT PREPARED for this. If there’s one uncertainty, greater than anything else hovering above us, it is the return of FRICTION between West and East.

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WE’RE ALL FRIED: Powell Went Off-Grid – PRAY FOR MERCY!

This article was contributed by our friend Lior Gantz at the Wealth Research Group. 

When Larry Kudlow, President Trump’s economic advisor, said that the Federal Reserve still has the ULTIMATE BAZOOKA at its disposal a week ago, many speculated as to WHAT IN THE HELL he was talking about.

By the time he made that remark, the FED had already slashed rates to ZERO, buying TRILLIONS of dollars in bonds and mortgage-backed-securities, COMMITTED to loaning small businesses ADDITIONAL trillions of dollars and PROCLAIMED, on national TV, that it has an INFINITE AMOUNT of cash at its disposal. But a couple of days after Kudlow’s tease, this past Thursday, Jerome Powell UNLEASHED A H-BOMB upon the world.

There’s no going back from this.

On Thursday, the Federal Reserve began buying the bonds, graded as JUNK, and truly brought an end to the free-trading bonds markets. Risk isn’t priced in a NORMAL way any longer.

When a bank that is the world’s LENDER OF LAST RESORT has gone all-in, we’re no longer living under the same monetary and capitalistic roof we did before.

The Federal Reserve and the U.S. government have TAKEN A STAND that is of the following thought process: businesses, municipalities and individuals – indeed, the entire country, and for that matter, the entire globe – are NOT AT FAULT for getting caught off-guard by the pandemic. Therefore, there are NO BAD ACTORS and everyone should be MADE WHOLE, in Powell’s words.

Since this is hurting everyone, with no real way of pointing the finger to ERRONEOUS business practices, America’s politicians and central bankers REASON THAT the “greater good” (as they are calling it) is more important than PRESERVING the mechanics of PURE CAPITALISM.

Left alone, the market would have IMPLODED. Literally, if the FED hadn’t bailed out the sovereign bonds, the U.S. government would have been left without monies.

The world WOULD HAVE entered a spiraling depression, which would have been DESTABILIZING and may have led to wars, riots and years of DEVASTATION for all of us.

Instead, it MONETIZED debt. By simply increasing the dollar money supply, it injected all of the necessary amounts to keep markets alive, but the price to pay for this is NOT YET KNOWN and may end up being GREATER than the current predicament.

Experimental monetary policy is just that; the FED’s criminal-like actions will have LASTING IMPACT on the world for years to come, but we won’t know it until we can see it IN HINDSIGHT.

2008 QE programs and ZIRP led to excessive buyback programs, the INTENSIFICATION of the wealth gap in America, the rise of POPULISM, Brexit and many other UNFORESEEN events.

 

Courtesy: Zerohedge.com

Consumers are QUICKLY realizing that shutting down the ENTIRE ECONOMY, in response to the Covid-19 pandemic, is INDEED saving lives – but for each life saved, an ESTIMATED 1,200 jobs have been LOST.

As a society, we have decided that in this particular case, the price of not MITIGATING and not DISTANCING ourselves from others would be too great. Now, we’re facing the results of these decisions.

You can’t UNDO the cards that have ALREADY BEEN DEALT. When you decide to get into the mud, you’d better have an EXIT STRATEGY.

In this case, the decisions MADE BY POWELL this past week will historically be remembered as the ones that STARTED THE RESET.

The Federal Reserve doesn’t know WHICH WAY IS NORTH anymore.

As you know, the dollar isn’t a local currency at all. In total volume size, it comes out to about 62% of the global currency supply, and HALF of those dollars are BANKED outside the United States.

What the Federal Reserve does impacts ALL NATIONS. In contrast to what many think, we already have a GLOBAL CURRENCY, which is the dollar – it’s just not a one-world-currency.

I’m certain that China, Saudi Arabia, Russia, Germany and Japan have EXPRESSED their DISCONTENT with the Fed’s entrance into the JUNK bond market. The bank’s BALANCE SHEET is outrageous and puts us all in danger. For the first time, I believe that many question Jerome Powell’s capacity to handle this scenario.

Courtesy: Zerohedge.com

The above HOCKEY-STICK-shaped balance sheet expansion is, literally, ONLY THE BEGINNING. Their balance is going to hit $10T by the end of summer, at this pace.

I doubt, SERIOUSLY DOUBT, that in 10 years we will look back and JUSTIFY Powell’s performance as being APPROPRIATE.

The public has mostly LIQUIDATED its portfolios; we saw ENORMOUS selling volumes, so the working thesis is that the worst of the bloodbath is behind us. HOWEVER, if new UNKNOWN UNKNOWNS are introduced in the next two weeks, other investors, who don’t have the STAMINA to look at their equity crater AGAIN, will sell. So will others who are approaching retirement and no longer BUY INTO the V-shaped recovery model. This may result in TESTING THE MARCH 23RD lows again.

If that occurs, I will be buying certain companies, which have proven themselves to be DISPROPORTIONATELY mispriced in the recent sell-off.

This Tuesday, I’ll be revealing my PERSONAL SHOPPING LIST.

 

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How To Protect Yourself From Long Term Pandemic Lockdown

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

It has been only two weeks since widespread pandemic lockdowns were implemented in the US and as expected the public is not handling the idea very well. Within one week there were already frantic demands for the economy to reopen by Easter (spurred on by Donald Trump), and mass delusions have developed that this is still going to happen despite the fact that lockdown guidelines have been extended to at least April 30th. People desperately want to believe that this will all be over in a matter of weeks.

Many governments continue to perpetuate this fantasy by using very carefully worded terminology. For example, the phrase “two weeks of hell” is being consistently repeated by the media after Trump uttered the notion a few days ago. In Italy, a Milan official sees lockdowns now continuing for 2-3 more weeks. In Spain, the public was left with the impression that two solid weeks of quarantine and lockdowns would help stave off infections, yet the government extended the restrictions for…yes, you guessed it…another two weeks.

Why are these announcements always in two-week intervals? I suspect it is because the maximum amount of days before the average person begins to register the passage of time in their minds in a new situation. After two to three weeks of going without certain comforts and habits, people tend to adapt and find different ways of doing things. And, after two to three weeks of the crisis, they might wake up and recognize the situation is not going to get better.

Governments and establishment elites are seeking to keep the public as passive and docile as possible by continually feeding them the notion that the worst of the pandemic will be over in a matter of weeks. And, every two weeks they will reassure us that we are “only two weeks away” from salvation.

Of course, with lockdowns in place, the spread of infections is bound to decrease eventually, but I think the average person has no concept of how long the economic collapse will last even after the virus is “under control”. Understand that there is NO coming back from this event in terms of the economy. Our 70% service-based system has been destroyed already, most people just don’t realize it yet. The majority of small businesses in the service sector will be wiped out in the next two months if they are not wiped out already.

As during the Great Depression, major corporations (most of them) will be allowed to survive while small businesses are bankrupted and absorbed, further centralizing management of economic activity into the hands of a select few. In the meantime, a majority of people will be completely dependent on government aid in one form or another just to survive.

The pandemic threat will continue for many months to come, perhaps with intermittent periods of loosened restrictions and lifted lockdowns. The public is being conditioned with a “wave model” of crisis and release, as I outlined with evidence in my last article ‘Waves Of Mutilation: Medical Tyranny And The Cashless Society’. This means that the economy is never coming back as it was, and tens of millions of people will remain jobless for a prolonged period of time.

I predict that the establishment will support the populace with a form of Universal Basic Income (UBI) for a little while (2-3 months), and then, as the economy continues to crash, they will start cutting off these benefits to some people while adding requirements restrictions to receive benefits for others.

When government becomes your sugar daddy, there are always strings attached. In some states they are already telling the public what they are allowed to spend their money on. In Vermont, for example, the state has declared numerous items in stores “non-essential”, which means you are not allowed to buy them. The claim is that you are allowed to buy them online, but in many cases people are blocked from doing this as well. Even garden seeds have been labeled “non-essential”.

Proponents of these restrictions offer two reasons: One, it will supposedly reduce the amount of people going to stores thereby reducing the risk of infection. And two, our spending needs to be controlled so that we do not waste money on “frivolous things” during the economic downturn.

Neither of these explanations is logical or acceptable. People generally go to stores to buy essentials along with “non-essentials” and so they will be “risking infection” regardless. Isn’t the whole point of social distancing and precautions like gloves and face masks supposed to allow the public to function while avoiding infection? Yet, the state is telling us this is not enough. We also have to be told when and how we can spend our money.

And what about the government enforcing responsible spending? Since when has the government EVER been an expert on spending money responsibly? It is massive government debt along with massive corporate debt that has debased our economy from the very beginning. They are the reason we are in an economic crisis, not the coronavirus. Yet, they now think they should be allowed to give us orders on being frugal? They can go to hell.

Imagine how numerous the rules and restrictions on the people will be once we are trapped into dependence on UBI and government aid. How much freedom will we have to give up just to get that monthly check? It is one thing to take the pandemic situation seriously and self-isolate for a while; it is another to sit back and allow the establishment to erase all our civil liberties in a matter of months in the name of “the greater good of the greater number”.

Beyond that, the pandemic crisis concerns me much less than an economic collapse, which was an inevitability even before the coronavirus went mainstream.  How do we reconcile the government’s extreme response to the pandemic with the public’s need to function economically?  Are we just supposed to sit back and become slaves, dependent and clamoring for a meager UBI check every month?  I think not.

So, the question is, what can we do about it? As I have been saying for well over a decade, the solution is to decouple from the system and build our own. But what does this mean specifically?

Step 1: Start Providing Your Own Essentials

Essentials include water, food, shelter and security. Without these four things no human can live for very long. If a person can provide these things for himself, then he will never be beholden to anyone, including a domineering government.

I suggest starting small and expanding. Build a water collection source, or drill a well if you own property. Turn your yard into a garden, even if you live in the suburbs. In fact, your entire neighborhood should be growing gardens right now, and anyone who tries to tell you otherwise should be dissuaded from their attempts to control what you do on your own property. This means establishing neighborhood security and no longer relying on local law enforcement.

It’s one thing to store essentials in case of emergency, it’s another to become a producer and ensure your survival for the long term.

Step 2: Organize For Mutual Aid And Defense

Each neighborhood or town should be working together for security as the system continues to collapse, which means establishing radio communications and small patrols to ward off looters. In New York alone, major crimes are up 12% as the lockdowns ramped up.  In many municipalities in the US, law enforcement is not responding to most calls involving assaults, break-ins, and robberies.  Organization at this time is paramount; the more organized you are the more of a deterrent you represent to people who would seek to take what you have. Most predators are cowards; when given the choice between a strong target and a weak target, they will invariably choose the weak target.

The common argument against organization is that the “nail that sticks up will be hammered down”. I would remind people that the nails that are willingly hammered down will be stepped on forever. Nobody wants to step on a nail that sticks up. That hurts.

Predators, including predatory and totalitarian governments are, at bottom, weaklings. And their weakness will become apparent the moment they face an opponent that actually refuses to back down due to fear.

Step 3: Establish Barter Markets And Black Markets

As noted in previous articles, the primary goal behind this pandemic is to use it as a rationale for controlling all commerce. If you do not have the proper “green code” from the government indicating you are “free from infection”, then you are not allowed to participate in the economy. No job, no grocery stores, no public gatherings, etc. This is happening right now in places like China and South Korea and according to elitists like Bill Gates and others it is coming to the US soon, make no mistake.

The only way to counter such control is to not need the mainstream system at all. Localized barter markets need to be established, and if they outlaw those, then you need to set up black markets. Trade and production must continue or humanity as we know it will die. It will be replaced with a centralized socialist hive system that will crush all liberty, and this is unacceptable. Localization is the key to our survival.

This means that the public must make an active effort to save themselves through their own innovation instead of waiting around for government to save the day.

Step 4:  Accept The Reality That Political Leaders Are Not Going to Save You – They Are Only Going To Make Things Worse

It’s funny, but if any of these lockdown measures were being implemented under a Democrat in the White House, conservatives would be enraged.  But, since Trump is president, a large number of conservatives have gone limp and docile; proclaiming that he is going to save the day and “cure the virus”.  It’s not going to happen, folks.  This is the same guy that was telling us in January that he trusted the data out of China and that everything was under control. Trump is not your savior, he is a long time puppet of the banking elites, as I have outlined and evidenced on numerous occasions.

Trump’s job is to oversee the collapse of the US while playing the role of a bumbling “nationalist” and “conservative” villain.  To be sure, he’s not the only politician in office that is part of this agenda, and the UN and WHO are just as guilty of misleading people about the extent of the pandemic threat, but Trump is the one that conservatives blindly trust the most, and this is a problem.  If violations of the constitution continue to escalate, a war is coming, and Trump will NOT be on the side of liberty.  Conservatives will eventually have to decide which side of the fight they stand as the lockdowns drag on with only minor periods of relaxed restrictions.

Ultimately, you cannot support economic socialization and big government tyranny just because Trump is president and still call yourself a conservative.

Step 5: Be Ready To Fight And Die For What You Believe In

People always talk about fighting for freedom, but the question is will they actually do it when faced with overwhelming odds? I can only speak for myself, and I will fight, but I do believe that many others out there are ready and willing to do the same.  That said, it really does not matter. It’s not for us to defend ourselves only if we think we have backup. Be ready to fight alone if you have to; be ready to take risks, otherwise, you have no chance of winning, and thus the people collectively have no chance of winning. If others follow your lead, then so be it, but don’t rely on it.

There are many transgressions about to be foisted on the American people well beyond what we have already witnessed. You will know when the line in the sand has been crossed. Do not be surprised if in the next 3-6 months you hear the words “shots fired”. It is not enough to be prepped for the future. It is not enough to simply survive. The world as we know it is being sabotaged for the sake of power. Not money, but POWER. The elites will not be satisfied with anything less than total control. We cannot let them have it.

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Trump: America Will Reopen “Sooner Than You Think”

GOOGLE Is Doing Whatever It Can to De-Monetize us And Shadow-Ban us. During these TOUGH financial times, we ASPIRE to stay completely independent and pay our full staff, so we can continue to deliver VALUE to you. It is possible for you to HELP us, by supporting our COVID-19 expert survival report HERE!

Thank You, ShtfPlan.com Staff

President Donald Trump is going back and forth, unable to decide if we should be “allowed” to work and return to our lives or not.  Over the weekend, he said that it’s time for America to reopen once again and that it would be “sooner than you think.”

Politicians have made the solution to the coronavirus pandemic far worse by destroying people’s lives in order to slow the spread of what will be a seasonal sickness we will all get at some point. “We have to get back to work. We have to open our country again,” the president said repeatedly and emphatically at a coronavirus press conference at the White House.

But how soon could that be? People are already saying the government’s $1200 stimulus checks won’t be enough to save them from financial destruction.

My sense is that the president is about to lose his patience with all of his medical experts, who want to keep America under lock and key until the very last individual virus has been cornered in some out of the way place and put out of our misery. But he knows America can’t wait that long if there is going to be a country and an economy left to save. Trump understands this stay-at-home policy his health experts are foisting on him is doing more harm to America than the virus ever could. The cure is rapidly becoming worse than the disease. –Brian Fischer, One News Now

Things have spiraled out of control to the point that the Chinese are likely laughing at our willingness to accept tyranny and the complete decimation of the economy.  The mainstream media continues to panic people while Bill Gates demands you give up your livelihood and lose everything you’ve worked for during a sustained months-long draconian lockdown that physicians say is not working.

AAPS: State Lockdowns Aren’t Having an Impact in COVID-19 Deaths

We are not saving lives, we are trading off lives.  Suicides have already skyrocketed and they will grow exponentially if people cannot begin to legally feed their families again. This has gotten out of hand and if we want to remain a first world country without the looting, rioting, and violence, we will all be back to work by Monday. If not, we’ll devolve into something that looks like Venezuela with a totalitarian police state barking orders we are all expected to obey while being banned from making money to pay for food or rent.

Police surrounded a church in Baltimore which was meeting with just 10 people in perfect conformity with the edict of the governor. There were more cops than parishioners at the church. Violations of so-called “voluntary” house arrests are now carrying penalties of up to five years in jail and a $5000 fine. I heard this morning of a woman in Mississippi who was pulled over by the state police and ordered to return home immediately. This is not shelter-in-place, this is incarceration-in-place. –Brian Fischer, One News Now

We could all get back to work, and very soon if people would just realize how bad things will get if we don’t.  The aftermath of this pandemic solution will be far more deadly than the virus ever was and could create a Great Depression that would make the last one look like a cakewalk. And the virus didn’t cause that, the government’s overreaction would be the cause of an economic depression.

Dr. Ron Paul On Coronavirus Panic: The Real Danger “Is The Government’s Overreaction”

 Let everyone who does not have coronavirus symptoms go back to work and school. There is no concrete, scientific evidence that asymptomatic people can infect others – all the “evidence” is circumstantial. Urge folks, of course, to be smart and sensible: wash their hands regularly and maintain social distancing if possible. (However, I do note that when the coronavirus task force gives briefings on the lethal dangers of the virus, they all cluster around whoever is at the microphone as if they’re afraid their faces won’t be on TV. Not much social distancing there.)

Second, urge people to self-quarantine the moment they begin to experience symptoms, by staying home from school and work. This is exactly the same advice we always give with regard to contagious diseases. Coronavirus carriers are the most contagious in the first five days. –Brian Fischer, One News Now

This should have been the logical solution from the get-go, but instead, people glued themselves to their TV, panicked while watching fear-based mainstream media as it shoved the official narrative down their throats. They willingly allowed the government to remove their livelihoods and destroy what took a lifetime to build. Not many so much as even questioned the statistics, or tyranny and few are speaking up.

According to Fischer’s article, Singapore, with a population of 5.6 million, has, as of this morning, a total of six deaths linked to coronavirus. Six. And Singapore is running pretty much wide-open. Schools, businesses, and restaurants are open. If Singapore can keep its country open, we can certainly reopen ours.

Sweden Is NOT Using Authoritarian Controls & Economic Shutdowns To Fight the Pandemic

The way it is, it’ll be a rough year for lower-income workers and small businesses. But the longer we drag this out prohibiting people from working, the more likely it is we all be in a Great Depression together. And that will be far worse than this pandemic. One of the largest problems we have right now is that too many people believe they should get to live in a hermetically sealed world in which they are shielded from anything bad (feelings, viruses, mean words, etc.). Such a world does not exist and will never exist especially under the harshest of tyrannical dictatorships.  Life itself is inherently risky, and we can’t insulate ourselves from all of its risks.  In fact, life is so risky, that we all have a 1oo% chance of not making it out alive.

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New Survey: 60% of Americans Cannot Provide Basic Necessities If Quarantined for 1 Month

The solution to the coronavirus pandemic has been nothing short of economic suicide. As this lockdown drags into the fourth month for most of the country, a new survey is revealing the bleak costs that Americans are paying in order to comply with the government’s commands to shut down the economy.

Some are saying social distancing is the “new normal”, but we’d beg to differ.  The new normal is going to be poverty for most of the country.

Almost 60 percent of Americans say they’d be unable to meet their basic financial needs in one month or less of quarantine, according to a survey. The Society for Humane Resource Management (SHRM) surveyed American workers between 12 and 16 March, according to a report by Newsweek. One in five people said they’d no longer be able to afford rent, bills or groceries after just one week of quarantine.

Unfortunately, it’s too late to start preparing for an economic meltdown if you haven’t already. If you don’t have 3-6 months worth of expenses in a savings account or otherwise liquid form, you may already also be experiencing the pain of the government’s solution.

How To Best Prepare Yourself For The Coming Financial Crisis

If Donald Trump does not want to be known as the authoritarian tyrant the mainstream media and leftists have made him out to be, he’ll step up and admit this lockdown was wrong and devastating and take immediate steps to reopen the economy. Don’t hold your breath, however.  It’s our guess that he’s looking to get a phase 4 stimulus package done before people will be allowed to have some of their basic human rights back. At this point, it’s unlikely we’ll get all of our rights back.

Fifty-eight percent of workers say they won’t be able to pay rent, buy groceries, or take care of essential bills (such as electricity and water) if quarantined for 30 days or less, according to a new survey from the Society for Human Research Management (SHRM) released Wednesday morning. One in five workers said they’d be unable to meet those basic financial needs in less than one week under quarantine.

That’s devastating considering we’ve already been under quarantine for going on four weeks, three weeks for some parts of the country. “This has a real impact on people’s lives and it’s creating a level of stress that cannot be overstated,” said Johnny C. Taylor Jr., the president and CEO of SHRM, noting that many Americans live “right on the margins of paycheck to paycheck.”

The survey was conducted before Congress passed the historic $2 trillion stimulus package on March 27. SHRM acknowledged that some aspects of the CARES Act may “help mitigate” some of these problems for workers, according to Newsweek. But $1200 isn’t going to be enough for most people to survive on for one month, let alone longer. And in the face of mounting job losses, the solution has become the biggest problem of our collective human history.

SHRM also found that small businesses will be greatly impacted by the coronavirus outbreak. Half of small businesses in the U.S. can’t afford to pay employees for a full month under quarantine conditions. More than half of small businesses expect to see a loss in revenue somewhere between 10 and 30 percent. The group surveyed a sample of 512 small business owners from March 13 to March 16, 2020.

The stimulus package includes nearly $350 billion for a small business loan program called the Paycheck Protection Program. Treasury Secretary Steven Mnuchin told Fox Business Network on Monday that small business loans will be made available starting Friday.

President Donald Trump has said that the United States was “not built to be shut down” and at one point had expressed a desire to reopen the nation by Easter, which is on April 12. He has since backed away from that goal and has enforced social distancing guidelines until the end of the month. Newsweek

If Trump was concerned about the well-being of Americans, he’d lift all the restrictions now and potentially salvage what’s left of humanity and his reputation.

End The Shutdown!

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The 1929 Emergency Revolutionized America

The stock market crash in 1929 provides an excellent example of how an emergency or crisis can be used to revolutionize a society permanently and destroy liberty and well-being in the process.

Contrary to popular myth, especially among public (i.e., government) schoolteachers and professors in state-supported colleges and universities, the 1929 stock market crash did not demonstrate the “failure of America’s free enterprise system.” That was the official line at the time and has remained the official line ever since. But it’s been a lie or at least false propaganda the entire time.

The stock-market crash was caused by the Federal Reserve, which was a governmental agency charged with centrally planning the nation’s monetary system.

From the time the Constitution called the federal government into existence in the early 1790s until 1913, there was no Federal Reserve. The Fed was established in 1913, around 16 years before the 1929 crash.

America’s gold-coin, silver-coin monetary system

Up until President Franklin Roosevelt’s regime in the 1930s, the United States had a monetary system that was based on gold coins and silver coins. That had been the official money of the American people for more than century.

That’s what the Constitution called for. The Constitution gave the federal government the power to coin money. It did not give the federal government the power to print money. It also expressly prohibited the states from making anything but gold and silver legal tender, i.e., official money.

The Constitution also gave the federal government the power to borrow money. When the government issued debt instruments, they were written in terms of promises to pay gold coin or silver coin.

The government had to be careful not to issue too many debt instruments because there was always the chance that people might come in and demand to be paid. If they over-issued debt instruments, they wouldn’t have enough gold or silver coins to pay off everyone.

Thus, the federal government was severely constrained with respect to its spending habits. If it wanted to spend money, it had to raise the money through taxation. And since there was no income tax, it was unable to raise large sums of money from the American people. And the gold-coin, silver-coin system precluded officials from simply printing up the money.

The Federal Reserve and the 1929 crash

U.S. intervention into World War I occurred just a few years after the Federal Reserve was established. During the war and then into the “Roaring 20s,” the Fed overissued its supply of debt instruments. Realizing the risk that federal debt-holders were going to come in and demand their gold and salver, the Fed panicked and over-contracted the money supply. That’s what brought about the stock-market crash in 1929.

If people had known that the federal government had caused the crash, there might well have been violent riots in the streets. After all, people lost fortunes, which even motivated some of them to commit suicide. At the same time, the country was thrown into a massive economic depression, which later became known as the Great Depression.

That’s why officialdom had to sell the crisis as one involving the “failure of America’s free-enterprise system.” They were too fearful of what people might do if they knew the truth.

Revolutionizing America’s monetary system

Thus, when Roosevelt came into office in 1933, it was with the idea of “saving free enterprise” with “free-market reforms.” In actuality, what Roosevelt did was totally revolutionize America’s economic system into something that was the precise opposite of “free enterprise.”

He nationalized the gold holdings of the American people, which was no different from what the communists were doing in the Soviet Union and China and what communists would later do in Cuba. He issued an “emergency” order commanding every American to deliver his gold coins to the federal government, which would give him, in return, Federal Reserve notes that were promises to pay nothing. If anyone refused, he was hit with a federal criminal indictment and prosecution.

Roosevelt’s decree not only destroyed America’s monetary system, it also nullified the Constitution. Why is that important? Because the Constitution is the higher law that the American people imposed on federal officials. The president and the Congress have no authority to nullify or amend the higher law. The only way to do that is by following the procedure for constitutional amendment outlined in the institution itself.

But this was an “emergency” — an economic emergency — and as we all know, people become very afraid during emergencies — so afraid that they were willing, even eager, to trade away their freedom for the aura of “safety” and “security.” Thus, when Roosevelt revolutionized America’s monetary system by destroying the system that had been established by the Constitution, most Americans meekly went along with it.

Paper money now became the official money of the United States, without even the semblance of a constitutional amendment. Even though the Great Depression ended decades ago, FDR’s paper money standard continues to exist today, along with ever-increasing economic and monetary chaos and crises.

That’s not all.

The welfare-state revolution

When the federal government was called into existence, there was no income tax or IRS. People were free to keep everything they earned and decide for themselves what to do with it. That system lasted until 1913 — the same year the Fed was established — with the adoption of a federal income tax.

Roosevelt then used the economic emergency to convert the federal government into what is now known as a “welfare state,” a type of system in which people are forced to be good and caring to others. That was when Social Security was called into existence, a concept that had originated among socialists in Germany in the late 1800s.

Social Security was never based on the concept of a retirement fund into which people “contributed” their money during the work lives. It was always nothing more than a welfare program for seniors, one that was based on the concept of coerced charity. The IRS forcibly took money from younger people and distributed it to seniors, under the guise of “care and compassion” and paternalistic government.

Even though the economic emergency of the Great Depression turned out to be temporary, Social Security became a permanent part of American life. It is still with us today, along with countless other welfare-state programs.

FDR’s NIRA

Roosevelt also used the economic crisis to revolutionize American business and industry. That’s what his National Industrial Recovery Act was all about. The NIRA placed business and industry into cartels and gave them the power to set their own prices and wages, labor conditions, and production of goods.

The NIRA was a system based on the concept of economic fascism. It would have fit perfectly in the fascist regime of Italian dictator Benito Mussolini. To ensure compliance with his new system, FDR employed a propaganda poster called the Blue Eagle, which could have been taken straight out of Mussolini’s fascist playbook and which American businesses were “persuaded” to display in their stores.

One day, the U.S. Supreme Court declared FDR’s fascist NIRA unconstitutional, which meant that the Framers had not intended to call into existence a government based on fascist principles. Interestingly, the Court’s ruling brought about an immediate resurgence of economic activity.

FDR’s infamous court-packing scheme

FDR also tried to used the economic emergency to revolutionize the federal judiciary. Angered over the Supreme Court’s ruling declaring his NIRA and other parts of his New Deal unconstitutional, Roosevelt came up with a plan to pack the Court with his cronies, so that the rest of his revolutionary legislation would be upheld.

Interestingly, this was the one time during the emergency that the American people rose up in unison against FDR. People were simply unwilling to permit the president to tamper with their federal judicial system. Roosevelt’s court-packing scheme went down to ignoble defeat.

So, at least we were spared having to live under a fascist NIRA and under FDR’s corrupt court-packing scheme. Unfortunately, we are still saddled with a massive income tax and a tyrannical IRS, an enormous welfare state, an ever-growing warfare state, and a Federal Reserve that continues producing economic chaos and monetary destruction.

See what emergencies can do to people’s liberty and well-being?

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49 Percent Of U.S. Companies Expect Layoffs “In The Next Three Months” As Unemployment Heads To Great Depression Levels

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

If the U.S. economy remains in shutdown mode for the next several months, we are going to witness layoffs like we have never seen before in U.S. history.  Of course, what we have already witnessed is difficult to believe.

Last week more than 3.2 million Americans filed initial claims for unemployment benefits, and that was more than four times higher than the previous all-time record.  This week another massive surge is expected, and we will continue to see lots more layoffs for as long as this pandemic persists.  It is going to be a very challenging time for the country as a whole because we haven’t seen anything like this since the Great Depression of the 1930s.

Yes, shutting down most of the nation is saving lives, but it is also absolutely crippling our economy.  According to a survey that was conducted from March 20th to March 26th by Challenger, Gray & Christmas, almost half of all U.S. companies say that it is likely that they will be conducting layoffs at some point “in the next three months”

Forty-nine percent of companies told Challenger, Gray & Christmas they are very or somewhat likely to conduct layoffs in the next three months, while 11% reported they have conducted permanent layoffs; another 7% have conducted temporary layoffs.

If that actually happens, can you imagine what that will do to our unemployment rate?

I know that this may sound really crazy, but at this point, the St. Louis Fed is projecting that we will soon see a 32 percent unemployment rate

Millions of Americans already have lost their jobs due to the coronavirus crisis and the worst of the damage is yet to come, according to a Federal Reserve estimate.

Economists at the Fed’s St. Louis district project total employment reductions of 47 million, which would translate to a 32.1% unemployment rate, according to a recent analysis of how bad things could get.

Could things really get that bad so quickly?

If we do see a number that high, it would surpass even the highest unemployment rates that we witnessed during the Great Depression of the 1930s.

The only way to avoid this sort of a nightmare scenario would be to put America back to work as quickly as possible, but that is simply not going to happen.  President Trump just extended the federal coronavirus guidelines until at least April 30th, and that means that it is exceedingly unlikely that any state will end their lockdowns before then.

And actually more states continue to join the “shelter-in-place” party.  For example, check out what just happened in Arizona

Gov. Doug Ducey is ordering all Arizona residents to remain in their homes for the next month except for essential needs to limit the spread of the coronavirus, which has infected more than 1,000 people in the state.

The “Stay Home, Stay Healthy, Stay Connected” executive order is set to take effect Tuesday at 5 p.m. and remain in place at least until April 30.

It would be wonderful if the pandemic had subsided so much by April 30th that most Americans would be able to get back to work, but many states are already anticipating that this crisis will run much longer than that.

Officials in New York City are warning that the city may stay closed down for the next two months, and in Virginia, the current “shelter-in-place” order doesn’t expire until June 10th

Virginia Gov. Ralph Northam issued a statewide stay-at-home order that’s effective immediately and will remain in place until June 10, unless the governor amends or rescinds it.

In the end, officials will be watching the raw numbers in order to determine when it is finally safe to resume normal activity.

Right now, the number of confirmed cases and the number of deaths is still increasing, but at least the rate at which they are rising is starting to slow down.

Hopefully, that means that the “shelter-in-place” orders are having a positive effect.

But if everyone is allowed to resume normal activity a couple of months from now, we could see a “second wave” erupt as the number of cases starts to explode once again.

The only way to truly defeat this virus would be to conduct a complete and total nationwide lockdown for at least 28 days at the same time that the rest of the world is also conducting simultaneous lockdowns, and there is no way that is going to happen.

So it looks like we will be dealing with this virus for a long, long time to come.

As Americans brace for the economic collapse that is now unfolding all around us, they are hoarding cash “at the fastest pace since Y2K”, and retailers are boarding up their stores all over the country

High-end stores across the country have been boarding up their stores in anticipation of civil unrest due to the Chinese coronavirus pandemic.

In Beverly Hills, the Pottery Barn and West Elm stores near Rodeo Drive were spotted with boards across the windows according to TMZ.

Meanwhile, stores in New York, San Francisco, Seattle, Chicago, Paris, Vancouver and elsewhere were similarly boarded up.

If I was in their shoes, I would probably be doing the same thing.  As unemployment soars and people get sick and tired of being confined to their own homes, it is probably only a matter of time before we see civil unrest, rioting, looting, and an unprecedented spike in the crime rate.

Of course, there are still a lot of people out there that are hoping for a “V-shaped recovery” once this pandemic begins to fade, but I wouldn’t count on that happening.

Scientists are warning that there could be multiple “waves” during this pandemic, and fear of this coronavirus is going to persist for a very long time to come.  And now that all of the economic bubbles are starting to burst, experts such as Egon von Greyerz are convinced that “there will be no recovery at all”

No one should believe for one moment that once CV is gone we will experience a V shaped recovery. There will be no V, there will be no U and nor will we see a hockey stick recovery. What few people understand, including the so called experts, is that there will be no recovery at all. An extremely rapid decline of the world economy has just started and will be devastating in the next 6-12 months, whether CV ends soon or not.

Personally, I do believe that there will be ups and downs throughout this process, but overall we are facing a “great unraveling” that will be more painful than most Americans would dare to imagine.

This coronavirus is not going to be the only challenge that we will have to face.  We have entered a time when there will be one crisis after another, and there will be no way to reinflate the bubbles this time.

Sadly, so many Americans today have come to take such great pride in our debt-fueled “national prosperity”, and now that prosperity is going to be smashed into a thousand pieces.

Our day of reckoning has finally arrived, and it is going to be really, really painful for the American people.

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of 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 have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. 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. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. 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 all many people as we possibly can.

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Sweden Is NOT Using Authoritarian Controls & Economic Shutdowns To Fight the Pandemic

Sweden is perhaps the only country that is not demolishing it’s people’s means of making a living in order to fight the coronavirus pandemic.  Their approach is much different, and they are still thriving while we are all suffering in what could very well be the beginning of another Great Depression.

Sweden has not closed its borders or its schools; neither has it closed non-essential businesses or banned gatherings of more than two people. Their economy is still going strong, and people can still eat regularly.  While the rest of the world, including the United States, imposes severe totalitarian restrictions on people’s lives and remove their source of income, Sweden is taking a more relaxed approach in response to the coronavirus outbreak, according to CNBC.

The Public Health Agency’s lead epidemiologist, and a key figure in Sweden’s national response to the coronavirus, is Anders Tegnell. He told CNBC that although his country’s strategy to tackle the virus was different, the aim was the same.

“My view is that basically all European countries are trying to do the same thing — we’re trying to slow down the spread as much as possible to keep healthcare and society working … and we have shown some different methods to slow down the spread,” he told CNBC Monday.

Sweden is relying on the public to adopt voluntary controls, such as staying home when sick, to slow the spread of the coronavirus.  Their people are still enjoying life because of it too, and there’s little panic and economic stress to the public.  This approach should have been the one all countries adopted, considering the virus will spread and no one can be locked down for months without harsh repercussions.

Dr. Ron Paul On Coronavirus Panic: The Real Danger “Is The Government’s Overreaction”

“Sweden has gone mostly for voluntary measures because that’s how we’re used to working,” Tegnell added. “And we have a long tradition that it works rather well.” He said the agency had explained to the population why social distancing was needed, “and so far, it’s been working reasonably well.”

Sweden is proving that totalitarian measures and the destruction of people’s livelihoods is not necessary to combat the spread of the virus. “The incline (in infection and death rates) in Sweden is less steep than in many countries and that’s exactly what we’re trying to achieve,” Tegnell said, adding that opinion polls showed the Swedish public was overall in favor of the agency’s approach.

Life in Sweden appears normal compared to the rest of the planet. Massive amounts of fear are not needed to fight the virus. “Besides the obvious social media influences, I think if they would have enforced harsher initiatives like other countries there would have been more panic,” said Tom, an Englishman who works in construction in Stockholm.

And, it bears mentioning, that if everyone in the U.S. could still earn an income, more could be donated to help those who do get sick.  “Being both an expat and an educator at a secondary school in Stockholm, I feel conflicted,” Erik, a teacher at school in Stockholm, told CNBC Sunday. “I still need to go into work, on a crowded bus, to teach my students who are advised to keep coming into school. We are all set up for distant learning, but secondary schools are not closing any time soon,” he said.

He added that some colleagues were brushing off concerns about coronavirus saying, “It’s just the flu, I’m more worried about the start of the pollen season.”

Sweden’s economy won’t escape completely unscathed, because the governments around the globe crashed their own economies to slow the spread of the virus.  However, they are in a much better place to be able to handle this in the long run than the rest of the Western world.

As Thomas Sowell said, “there are no solutions. There are only trade-offs.” It appears that those in Sweden are about the only ones who currently understand this.

 

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Sweden Is NOT Using Authoritarian Controls & Economic Shutdowns To Fight the Pandemic

Sweden is perhaps the only country that is not demolishing it’s people’s means of making a living in order to fight the coronavirus pandemic.  Their approach is much different, and they are still thriving while we are all suffering in what could very well be the beginning of another Great Depression.

Sweden has not closed its borders or its schools; neither has it closed non-essential businesses or banned gatherings of more than two people. Their economy is still going strong, and people can still eat regularly.  While the rest of the world, including the United States, imposes severe totalitarian restrictions on people’s lives and remove their source of income, Sweden is taking a more relaxed approach in response to the coronavirus outbreak, according to CNBC.

The Public Health Agency’s lead epidemiologist, and a key figure in Sweden’s national response to the coronavirus, is Anders Tegnell. He told CNBC that although his country’s strategy to tackle the virus was different, the aim was the same.

“My view is that basically all European countries are trying to do the same thing — we’re trying to slow down the spread as much as possible to keep healthcare and society working … and we have shown some different methods to slow down the spread,” he told CNBC Monday.

Sweden is relying on the public to adopt voluntary controls, such as staying home when sick, to slow the spread of the coronavirus.  Their people are still enjoying life because of it too, and there’s little panic and economic stress to the public.  This approach should have been the one all countries adopted, considering the virus will spread and no one can be locked down for months without harsh repercussions.

Dr. Ron Paul On Coronavirus Panic: The Real Danger “Is The Government’s Overreaction”

“Sweden has gone mostly for voluntary measures because that’s how we’re used to working,” Tegnell added. “And we have a long tradition that it works rather well.” He said the agency had explained to the population why social distancing was needed, “and so far, it’s been working reasonably well.”

Sweden is proving that totalitarian measures and the destruction of people’s livelihoods is not necessary to combat the spread of the virus. “The incline (in infection and death rates) in Sweden is less steep than in many countries and that’s exactly what we’re trying to achieve,” Tegnell said, adding that opinion polls showed the Swedish public was overall in favor of the agency’s approach.

Life in Sweden appears normal compared to the rest of the planet. Massive amounts of fear are not needed to fight the virus. “Besides the obvious social media influences, I think if they would have enforced harsher initiatives like other countries there would have been more panic,” said Tom, an Englishman who works in construction in Stockholm.

And, it bears mentioning, that if everyone in the U.S. could still earn an income, more could be donated to help those who do get sick.  “Being both an expat and an educator at a secondary school in Stockholm, I feel conflicted,” Erik, a teacher at school in Stockholm, told CNBC Sunday. “I still need to go into work, on a crowded bus, to teach my students who are advised to keep coming into school. We are all set up for distant learning, but secondary schools are not closing any time soon,” he said.

He added that some colleagues were brushing off concerns about coronavirus saying, “It’s just the flu, I’m more worried about the start of the pollen season.”

Sweden’s economy won’t escape completely unscathed, because the governments around the globe crashed their own economies to slow the spread of the virus.  However, they are in a much better place to be able to handle this in the long run than the rest of the Western world.

As Thomas Sowell said, “there are no solutions. There are only trade-offs.” It appears that those in Sweden are about the only ones who currently understand this.

 

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You Are Being Tracked: More Than You Were Before

The United States government has rolled out incredibly totalitarian measures that amount to human rights violations in an effort to slow the spread of the coronavirus.  Unfortunately, long after this pandemic is a distance memory, the authoritarian controls will still be in place.

Local governments and the Centers for Disease Control and Prevention have received the anonymized data about people in areas of “geographic interest,” with the aim being to create a portal of geolocation information for 500 cities across the country. The development follows reports of other countries using cellphone data to monitor citizens and see if they are complying with curbs on movement, and elimination of income in order to defeat the viral outbreak.

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European mobile carriers have reportedly been sharing data with health authorities in Italy, Germany, and Austria, while at the same time respecting Europe’s privacy laws. Earlier this month, Israel passed emergency measures that allow security agencies to track the smartphone data of people with suspected COVID-19 and find others they may have come into contact with.

Even if you end up making it through this pandemic without getting sick, the economic ramifications are going to be immense and it’s expected that the government will use the implemented mass surveillance and tracked to squash riots.  It’s likely that this pandemic will affect you for much longer than the virus will. The mainstream media is calling those who care about people’s livelihoods “greedy,” but that couldn’t be further from the truth.  If people cannot feed their families, the social unrest and riots that could result from this lockdown may be overwhelming and could result in a massive amount of suicides and homicides.  The mainstream media can continue to ignore that fact all they’d like, but people will get violent if they get hungry.

Pandemic-related unemployment and shutdowns are a recipe for social unrest, reported Reason.  That’s a huge concern as forecasters expect the U.S. unemployment rate in the months to come to surpass that seen during the depths of the Great Depression.  If that happens, the fallout from the shutdown will be worse than the deaths during this pandemic. Expect these totalitarian measures being put in place now to be used to control the public when they can’t make a living anymore.

 

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Jim Cramer: Bailouts Won’t Be Enough To Stop COVID-19 Economic Fallout

The economic ramifications of a nation on lockdown due to the coronavirus outbreak are going to be dire. They could end up being far more severe than the pandemic itself, and according to Jim Cramer, the government’s bailouts won’t be enough.

Now is the time to prepare for an economic crisis. Whether we actually dip into another Great Depression will greatly depend on when our freedom is restored and we can all get this economy going again. “Legislation isn’t enough,” the “Mad Money” host said. “Once Congress passes this bailout bill, both businesses and individuals will have some cash. But wouldn’t it be better to have actual customers?” Cramer said according to a report by CNBC.

Coronavirus Crisis: The Virus Will Bankrupt More People Than It Kills

Cramer said he is confident Congress will “one way or another” be able to come to terms on a coronavirus relief package, even as the economic stimulus bill before the U.S. Senate again failed a key procedural vote Monday. Cramer suggested that once Americans are healthy, they can begin to go back into the workforce, however, that’s a little disingenuous. Health Americans are also on lockdown preventing them from participating in the economy and helping to get it going again.

Will A Face Mask REALLY Protect You From The Coronavirus?

“The problem? That can’t happen until we have enough ventilators and enough testing to cover the whole population,” Cramer said. “The lack of those things and surgical masks are what makes this situation so dangerous. Without them, the patient could die and healthcare providers could get sick.”  While we should all be trying to prevent the spread of this virus, doing so has done irreparable harm to businesses and individuals already.  So at what cost do we continue to destroy American lives?

The American people want a “sense of hope” that there will be an end date to the new stay-at-home reality, Cramer said.  “A realistic date would at least give us something to look forward to,” he said.

Prepping For Two Week Quarantine: Emergency Food Supply

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This Is Why People All Over America Are Scared To Death Of Being Tested For The Coronavirus…

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

How would you feel if you received a bill for more than $34,000 after being tested and treated for the coronavirus?  This pandemic is showing the entire world that the U.S. healthcare system is deeply, deeply broken, and there is no way that we can continue to go on like this.

If coronavirus testing is quick, inexpensive and widely available all over the rest of the globe, why can’t that be the case here too?  Democrats and Republicans have been fighting about fixing our healthcare system all the way back to the 1990s and they haven’t gotten the job done.  Now we have a system that is a complete and utter embarrassment, and it is about to be overwhelmed by the greatest public health crisis that any of us have ever seen.

Even under normal circumstances, most Americans are deathly afraid to go to the hospital because of what it will cost.

I have written about this numerous times before, but not even I would have imagined that getting tested and treated for coronavirus would cost more than $34,000

A woman in the United States says she was billed $34,927.43 after being tested and treated for the coronavirus, Time magazine reports.

When Danni Askini first came down with the symptoms of the virus — shortness of breath, a fever, a cough and migraines — she was told by a doctor to go to the emergency room. There, she was told she had pneumonia and could go home. She visited the emergency room two more times as her symptoms persisted and worsened before she was finally tested for the coronavirus. Three days later her results showed she had COVID-19.

How in the world is it possible for a bill to get that high?

As Danni pointed out, she now owes the hospital more than she paid for both of her college degrees.

Sadly, she is going to be far from alone.  According to the Kaiser Family Foundation, coronavirus victims all over America are going to get hit with extremely high medical bills…

A new analysis from the Kaiser Family Foundation estimates that the average cost of COVID-19 treatment for someone with employer insurance—and without complications—would be about $9,763. Someone whose treatment has complications may see bills about double that: $20,292. (The researchers came up with those numbers by examining average costs of hospital admissions for people with pneumonia.)

What this means is that if even a single member of your family catches the virus it could instantly wipe you out financially, and this is especially true if you do not have health insurance.

Congress has passed a bill which will now cover the cost of coronavirus testing, but the bad news is that “it doesn’t do anything to address the cost of treatment”

Public health experts predict that tens of thousands and possibly millions of people across the United States will likely need to be hospitalized for COVID-19 in the foreseeable future. And Congress has yet to address the problem. On March 18, it passed the Families First Coronavirus Response Act, which covers testing costs going forward, but it doesn’t do anything to address the cost of treatment.

For those that catch the virus, and officials are warning that will eventually be most of us, treatment is going to cost far, far more than testing will.

You may think that you will just tough things out at home, but if this virus hits you hard enough you will either go to the hospital or you will die.

For a moment, I would like for you to consider what a medical worker in Louisiana is saying about the patients that he is treating

“With our coronavirus patients, once they’re on ventilators, most need about the highest settings that we can do. About 90% oxygen, and 16 of PEEP, positive end-expiratory pressure, which keeps the lung inflated. This is nearly as high as I’ve ever seen. The level we’re at means we are running out of options.

“In my experience, this severity of ARDS is usually more typical of someone who has a near drowning experience — they have a bunch of dirty water in their lungs — or people who inhale caustic gas. Especially for it to have such an acute onset like that. I’ve never seen a microorganism or an infectious process cause such acute damage to the lungs so rapidly. That was what really shocked me.”

Many coronavirus victims have described being in a state where they constantly feel like they are drowning.

And this medical worker in Louisiana says that there is a really good reason for that, because the severe cases that he is treating are “essentially drowning in their own blood and fluids because their lungs are so full”

“When someone has an infection, I’m used to seeing the normal colors you’d associate with it: greens and yellows. The coronavirus patients with ARDS have been having a lot of secretions that are actually pink because they’re filled with blood cells that are leaking into their airways. They are essentially drowning in their own blood and fluids because their lungs are so full. So we’re constantly having to suction out the secretions every time we go into their rooms.”

For the moment, there are still enough ventilators in the U.S. for everyone, but we are still in the very early chapters of this pandemic.

Over in Europe, many hospitals are already being completely overwhelmed.  In Italy, one doctor is reporting that patients over the age of 60 are now being refused access to artificial respiratory machines

Peleg said that, from what he sees and hears in the hospital, the instructions are not to offer access to artificial respiratory machines to patients over 60 as such machines are limited in number.

When things get bad enough, doctors are going to have to make choices about who lives and who dies here too.

It is hoped that the measures that are being taken all over the nation will start to slow down the spread of this virus.

But millions of Americans continue to go to work each day, and many of them simply can’t afford not to work.

In fact, it is being reported that many delivery drivers continue reporting for work each day even though they are clearly very sick…

An increasing number of the workers sorting those boxes, loading them into trucks and then transporting and delivering them around the country have fallen sick.

They have coughs, sore throats, aches and fevers — symptoms consistent with the coronavirus. Yet they are still reporting for their shifts in crowded shipping facilities and warehouses and truck depots, fearful of what will happen if they don’t.

So the next time a delivery truck comes to your home, you may want to keep your distance.

We have never seen anything like this before.  The entire western world is shutting down simultaneously, and it is being estimated that nearly a billion people are now under lockdown orders

Close to one billion people worldwide were confined to their homes on Saturday as the global coronavirus death toll shot past 11,000 and US states rolled out lockdown measures already imposed across swathes of Europe.

The pandemic has completely upended lives across the planet, restricting movement, shutting schools and forcing millions to work from home.

Needless to say, this is going to be absolutely devastating for the economy.

If you can believe it, Morgan Stanley is now projecting a 30 percent decline in U.S. GDP on an annualized basis during the second quarter…

We now see 1Q GDP dropping by 2.4% as economic activity has come to a near standstill in March, followed by a record-breaking drop of 30.1% in 2Q. We estimate that March will also mark the first drop in nonfarm payrolls, down 700k. We expect a record-high unemployment rate, averaging 12.8% in 2Q.

We assume sharp declines in areas of consumer discretionary spending like travel, dining out, other services and motor vehicle spending among others. This will leave a large hole in consumer spending in 2Q, when we expect real personal consumption expenditures to contract at a 31% annualized pace.

And the president of the St. Louis Fed is being even more pessimistic

In an interview with Bloomberg, the president of the St. Louis Fed, predicted that U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, coupled with an unprecedented 50% drop in US GDP. That would be an outcome worse not only than every prior war the US has (officially) waged, but more than twice as dire as the worst days of the Great Depression.

It sure didn’t take much to plunge the U.S. into a horrifying economic depression.

Two months ago, everything seemed just fine to most people.

But now financial markets are crashing, workers are losing jobs at an unprecedented rate, and many of the businesses that are now being closed down will never open again.

Fear of the coronavirus has collapsed “the everything bubble”, and what we have experienced so far is just the beginning…

About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of 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 have written four books that are available on Amazon.com including The Beginning Of The EndGet Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. 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. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. 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 all many people as we possibly can.

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CORONA CRITICAL: Markets Far From Bottom – STORM RETURNING!

This article was contributed by our good friends at Portfolio Wealth Global. 

Don’t, Just Don’t Get Duped

The last time that the Dow Jones Industrial Average traded in this way was in October of 1929. This, to history lovers, should SOUND THE BLOODY ALARM.

We all know that markets have transitioned from all-time highs to bear market in only SIXTEEN TRADING SESSIONS, a record that will be hard to beat in our lifetimes.

The combined losses of stocks and bonds have been monumental, 2008-like even.

Everyone’s on edge. Stores are completely EMPTY. I have never before encountered such panic and I’ve traveled to war zones, had missiles dropped near me, been to refugee camps and to 3rd world countries during tropical storms, but this TAKES THE CAKE.

Courtesy: Zerohedge.com

A classic diversification into stocks and bonds simply wasn’t enough to CURTAIL this MAYHEM. It’s shocking to see how QUICKLY the sentiment changed, but it’s also important to keep in mind that stocks have only erased 2016-2019 gains. The big picture could still be much more FRIGHTENING if and when companies have to begin firing employees.

This will be the crucial week for Trump’s presidency. Every day, he and his team will have to inspire CONFIDENCE in their plan and to show the people of this country that the prospect of containment is racing towards them.

It will be a do-or-die week for the Federal Reserve as well.

They MUST appease the credit markets. The central bank, in all LIKELIHOOD, will announce a HUGE slash of 0.75%, after the emergency 0.50% did nothing to BLOCK the bear market from steamrolling trillions of dollars of equity.

Courtesy: Zerohedge.com

As you can see, this can end TERRIBLY for everyone. The market is following in the footsteps of the most INFAMOUS depression in American history. No one wants to go through that again.

Judging by the fact that up until now only 50 people have died on U.S. soil, the panic has PROBABLY reached maximum levels. To me, if the areas of community spread don’t show spikes in new cases, the notion that this more acute version of the seasonal flu is not the Black Plague will sink in. Slowly, but surely, industry, commerce, and trade will resume normalcy.

Certainly, it is very ENCOURAGING to see how CEOs are coming in, using their personal funds, and buying shares in their own companies.

Historically speaking, they are bottom fishing, so it’s a sign that they have faith in the RECOVERY from this period of disaster and pandemic.

Courtesy: Zerohedge.com

Throughout the passing week, I’ve been hit with INNUMERABLE questions about what the future holds. I’m extremely optimistic, overall. This, to me, was UNDUE panic and should have been dealt with in a way that doesn’t shuts-off the global economy.

We can all learn from this situation. Financially, markets were OVERBOUGHT (just as I said) and needed this sort of shakeout.

For eleven years, we’ve enjoyed tremendous gains. In this context, we’re just fine.

What I don’t like to see is the SUPER-BUBBLE in bonds or the weird correlation between stocks and bonds:

Courtesy: Zerohedge.com

In the coming days and weeks, we either return to our way of living or this PANDORA’S BOX unleashes its full FURY and WRATH on everyone.

The Federal Reserve has already bombarded the credit banking system with sums of debt that could alleviate poverty in Africa, but it seems that nothing is SUFFICIENT.

Tomorrow, we will begin sensing how the reaction to Washington’s plans is accepted.

This will have a lot to do with whether or not this spirals into a PROLONGED nightmare or if we’re starting a new, wiser and stronger path.

Clearly, with Bitcoin losing 50% in two days and with general equities looking like they have a rough patch ahead, mining stocks look GREAT, in comparison.

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