Categories
Canadian lumber commands control CORRUPTION Destruction Dollar figure it out government is criminal government is slavery Headline News Humanity hyperinflation Intelwars Joe Biden no authority no masters no slaves obedience own yourself power Self-ownership tariffs tariffs are theft taxation is theft TAXES United States wake up who owns you

The U.S. Government Is Here To Help: Tariffs On Lumber Could DOUBLE

The United States government is looking at increasing the theft and costs of lumber to the public as prices are skyrocketing. In fact, the “authorities” want to double the tariffs on lumber coming from Canada.

According to reports, the masters will be making it much harder for the slaves to afford lumber after they steal half their income in taxes then apply tariffs and hyperinflation to transfer wealth to themselves. Remember, we warned when former president Donald Trump decided to play the tariff game that those costs would be placed firmly on the backs of the American consumer, and we were right. There is too much evidence to ignore that tariffs are not put in place to “hurt” other countries but to destroy the purchasing power of an American consumer’s dollar.

This situation is no different under Biden than it was under Trump. Americans who purchase lumber will be footing the bill for these taxes. Wake up and start to realize what the system is doing. It’s going to be too late at some point.

The United States commerce department recommended a more than doubling of the tariffs on Canadian lumber last Friday despite a meteoric rise in prices and demand for the commodity. Specifically, the department recommended the “all others” preliminary countervailing and anti-dumping rate move to 18.32% from 8.99%. The proposed rates are subject to further review over the next six months before final duties are set sometime in November.

The move to increase tariffs on Canadian lumber suppliers comes as lumber prices have taken the brunt of the inflation and risen over 275% since last April alone. Canada’s share of the US lumber market sits at around 25% as well, according to the Wall Street Journal.

On May 22, National Association of Home Builders chairman Chuck Fowke released a statement criticizing the move to increase tariffs. “The administration should be ashamed for casting its lot with special interest groups and abandoning the interests of the American people,” he said.

It’s always the same and it won’t end until we decide it’s over.  No administration will save us or give us the freedom that was our birthright. It’s up to us to take the first step and realize the illusion they have created in order to control, impoverish, and own us all.

Stay alert, use your critical thinking. I know I frequently remind readers to do this, but it’s imperative at this point in history.  Use discernment and continue to prepare for anything you can. Once enough people awaken to the reality that government is slavery, they will not go down without a few last-ditch attempts to rule and control us all.

 

 

The post The U.S. Government Is Here To Help: Tariffs On Lumber Could DOUBLE first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
abolish government abolish slavery Consciousness control Critical Thinking Dollar elitists Force freedom Headline News hyperinflation Intelwars Masters monetary system Morality no such thing as a moral government power ruling class SLAVERY Stocks taxation is theft The Matrix the slaves time to figure it out United States wake up wealth transfer

Biden’s Plan For Hyperinflation: You Haven’t Seen Anything Yet

Joe Biden has released a budget/spending plan for the fiscal year 2022, and it is going to result in the destruction of what’s left of the United States dollar and hyperinflation that could rival Venezuela’s. The $6 trillion plan caused stocks to soar upon the announcement.

Does anyone still think the government works for them? I’ll be the bearer of bad news. They don’t. They have never, and they never will. They are in it for power and money and use the monetary system to control the slaves. If that isn’t obvious to you yet, you’re living under a rock or choose to not wake up to reality. For those who do care about their freedom, this plan is simply sinister.

“We are in economic freefall”, as Greg Mannarino says, and it will get worse.

According to a report by ZeroHedge, stocks initially knee-jerked higher, then retreated on the headlines reporting the proposed budget, which Biden can pass through the Senate using budget rules that allow Dems to circumvent the filibuster. According to the New York Times, it calls for the highest sustained levels of federal spending since World War II.

The mainstream media thinks this is just a fantastic idea, while the rest of us should know by now that inflation is the worst tax and hyperinflation is a quick and massive wealth transfer from the bottom straight to the top. Calls for spending at this level will have an effect on the already almost dead U.S. dollar. It will also impoverish those living on the edge. It appears that since they couldn’t completely take down the U.S. with a lockdown, they’ll try via the slaves’ monetary system they set up to keep us in line.

According to the NYT, the increase in federal spending, which follows both the COVID stimulus and Biden’s “Build Back Better” infrastructure plans, will be driven by “Biden’s two-part agenda to upgrade the nation’s infrastructure and substantially expand the social safety net, contained in his American Jobs Plan and American Families Plan, along with other planned increases in discretionary spending.”

Don’t worry, slaves. Biden plans to steal more of the fruits of your labor. He is expected to raise taxes and increase spending on tax enforcement, the annual deficits in Biden’s budget projections wouldn’t start to wane until the 2030s. Meanwhile, Biden’s “ambitions to wield government power to help more Americans attain the comforts of a middle-class life and to lift U.S. industry to better compete globally in an economy the administration believes will be dominated by a race to reduce energy emissions and combat climate change.”

They see us as slaves. It’s time to wake up. We had better take a stand or we will subject your children to the worst dystopian life anyone could fathom. Government is slavery. It can be nothing else and it doesn’t matter which side you are on.  “Less” slavery is still slavery. You are either free or you are not.  We need to break the brainwashing and the invisible chains around our necks before it’s too late.

 

The post Biden’s Plan For Hyperinflation: You Haven’t Seen Anything Yet first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
assets soaring Bonds central banking COVID-19 crash Cryptocurrencies Death destroyed Dollar Economy expansion Federal Reserve freedom government is slavery Headline News Intelwars LIES propaganda Question skeptical SLAVERY Stocks The Matrix wake up

What Could Go Awry?

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

All of which sounds very pretty indeed, but it does raise a question: can risk really be destroyed, or can it only be transferred? And if it can only be transferred, then what’s it been transferred to?

What a remarkable moment in time: every asset is lofting higher, with no limits in sight. The path ahead is already well-scouted: the U.S. economy will add a million jobs a month until the cows come home, Covid will continue fading until it basically disappears as an issue, the dollar and volatility will continue their death march toward zero (good for risk assets), oil and commodities are entering a new super-cycle of growth, as are stocks, bonds (now that pesky yields are falling), cryptocurrencies and housing– all are entering super-cycles of high growth and essentially limitless expansion of speculative gains.

It’s dreadful having a skeptical default setting, but there you have it: what could go awry? Seemingly nothing. Everything’s accounted for and for anything out of the blue, we have the trusty Fed Put, the Federal Reserve’s implicit promise to crush any spot of bother with a wall of freshly issued dollars and near-infinite credit.

Look on our works, ye Mighty, and despair, for we are the greatest power in the Universe! Resistance is futile, and so on. Indeed.

Since we’re in an era in which speculators in any asset can’t possibly lose, it’s no surprise that punters are borrowing buckets of cash to increase their stake in the casinos can’t lose gaming tables. The chart of margin debt offers an instructive history of can’t lose speculative borrowing.

Margin debt is money borrowed from brokers against the collateral of stocks, mutual funds, ETFs, etc. The more your portfolio rises, the more money you can borrow on the margin because your collateral is rising.

Let’s start with the sad, pathetic pre-speculative Stone Age of the 1950s, 60s and 70s, dreary decades of rapid economic expansion and higher wages but dismally low levels of margin debt. The poor cave-creatures back then made little use of margin debt because their lives were an unending misery of risk. Back in that Dark Age, stock market participants could actually lose money–oh the horror!

The Black Death of risk roamed the land unhindered until the all-mighty Federal Reserve established its impregnable fortress of the Fed Put: every market decline will be crushed, and speculators will be rewarded.

And so the glorious age of Speculative Mania began. The rules to guaranteed gain were simple:

1. Buy every dip, as the Fed Put would soon reverse any decline.

2. Borrow as much money as possible and throw it onto the gambling tables because the larger your bets, the greater your gains.

With risk vanquished, everyone who embraced speculation became a winner–a big winner. Only chumps didn’t buy GameStop calls and reap a quick $250,000 or more in a few weeks.

And so margin debt soared and speculators prospered. All was right with the world. But then inexplicably, some sort of glitch occurred and the dot-com euphoria popped and stocks actually dropped. Punters received the dreaded margin call for cash or they had to liquidate their positions to reduce their margin debt.

Stocks soon recovered, and easy-to-borrow money flooded into housing and stocks, lifting markets to new euphoric heights. Another inexplicable glitch occurred, however, and that bubble popped, too, with extremely awkward consequences–the Global Financial Meltdown. But after the Fed tossed around a few tens of trillions of dollars in backstops, guarantees, mortgage purchases, bond-buying, lines of credit for any bank that faced losses, and so on, that strange interlude ended and margin debt and speculative gains continued their march to new heights of glory and guaranteed gains.

This brings us to the present unprecedented levels of margin debt and can’t lose speculative mania. Everyone is supremely confident that inexplicable glitches are now impossible, and nothing can possibly go awry on the path to new super-cycles of growth and speculative gains.

All of which sounds very pretty indeed, but it does raise a question: can risk really be destroyed, or can it only be transferred? And if it can only be transferred, then what’s it been transferred to? The only possible answer appears to be the financial system itself. But never mind skeptical questions, the Fed Put is now the greatest power in the Universe and so speculative gains are guaranteed, forever and ever.

“Look on my works, ye Mighty, and despair!”
Nothing beside remains. Round the decay
Of that colossal wreck, boundless and bare
The lone and level sands stretch far away.

The post What Could Go Awry? first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Bitcoin central banking Cryptocurrency Dollar Economic Crisis Federal Reserve fiat currency free market Gold gold trade government regulation Headline News Intelwars Pay Off Debt Precious Metals rate hikes savings stimulus United States

NO RATE HIKES. GOT IT?

This article was contributed by Future Money Trends. 

One of Future Money Trends’ proudest moments in our newsletter’s history is covering the bullish case of Bitcoin when its price was $13/coin!

It’s been nearly nine years since, and Bitcoin is more relevant and important today than it ever was before.

Its technological adoption by the international community is now a thing of art.

Hype or not and government regulation or not, by this time in 2023, you’ll be seeing Bitcoin ATMs all around you and thousands of businesses accepting the cryptocurrency.

If anything can ever hope to materially change the currency ballgame and the dollar hegemony, it looks like Bitcoin would be it. Having said that, for Bitcoin to reach its reserve role will probably take 15-20 years to develop.

For now, the dollar is what we’re stuck with, unless you prefer one of the other fiat currencies…

 

Courtesy: Zerohedge.com

The global economy had plenty of chances to reinstitute gold as some sort of foundational part of its currency strategy. It has chosen not to do so, and there does not seem to be any strong political, academic, economic, financial, or regulatory will to advance any failsafe that includes it.

If you think about it, letting gold trade freely is actually in our best interest!

I like it when gold trades on the open market since I have an exact system for when to accumulate more ounces:

  1. When gold comprises less than 5% of my net worth. That’s the most important rule of thumb (asset allocation balancing)
  2. When its price falls by 15% or more (buying the dip).
  3. When real interest rates are negative (a hedge against the cost of holding cash)
  4. When my allocation towards stocks is excessive (a hedge against expensive markets)

Courtesy: Zerohedge.com

American consumerism is just not what it used to be!

The millennials saw the unfortunate problems endured by their parents in the 2008 Great Financial Crisis and they’re much more conservative in general.

They are even minimalists.

This fear of an overheated economy is really laughable.

The FED is not going to raise rates with unemployment rates for Asians at 6%, Hispanics at 7.9%, blacks at 9.6%, and whites at 5.4%!

Secondly, there are an estimated 1.6M job seekers who are actively looking and aren’t counted in the official numbers because of the way they are reported.

As you can see from the survey above, most Americans plan on saving their stimulus checks or paying down debt (80% of participants).

Courtesy: Zerohedge

Now, with the euphoria stage out of the way and options traders vanishing from the scene, if the CPI data doesn’t confirm a real threat of inflation (data comes out mid-April), we expect tech to continue leading for years to come.

Don’t be surprised to see rates continue to climb, but as we see it, the 85% rally in yields since the beginning of 2021 is overdone.

Gold has greatly suffered from this bond bear market in 2021. We believe that April might be the best time since June 2019 and March 2020 to own mining equities!

We’ll update on our highest-conviction ideas imminently!

The post NO RATE HIKES. GOT IT? first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
adjusting Bonds central banking consumer price index Dollar Economy Euro Gold Headline News inflation Intelwars interest rates Precious Metals The Federal Reserve Treasury yield Yen

GOLD FINALLY BOTTOMED: WHERE WERE YOU?

This article was contributed by The Wealth Research Group. 

It literally takes five minutes to fact-check that gold and CPI (Consumer Price Index) or the PCE (Personal Consumption Expenditures) don’t correlate with each other. Said differently, gold and inflation aren’t two peas in a pod.

Gold tracks real interest rates, of which inflation stats are 50% of the equation, with bond yields being the second half. The way to calculate real rates is by deducting inflation from the 10-yr Treasury yield. When the subtraction comes out negative, gold’s relevance is, by far, higher than at any other time, since it becomes disadvantageous to hold cash.

In the chart below, you’ll see nearly eighteen years of the 10-Year Treasury yield, adjusted for inflation:

The first thing you’ll notice is that it is currently negative. The last time it was such, gold peaked at over $1,900 in September 2011 and again at $2,069 on August 6th, 2020.

In other words, there is compelling reasoning behind the thesis that August’s rally to an all-time high above the elusive $2,000 was it, that it was the peak, and that we’ve entered a bear market again.

On the other hand, if we compare this period to 2008 and 2009, we can see that back then, the dollar went into the crisis already weak, after it was beaten down by the Japanese Yen and the Euro in the early 2000s.

So, when comparing the two periods, the first decade of this millennia saw a weak U.S. economy, compared with other nations, whereas the coronavirus crisis happened in the midst of an American boom period.

If anything, the 2020 pandemic resembled more of the 1990’s boom, which changed with 9/11 and the Twin Towers tragedy.

Incidentally, there was a regime change from Democrats to Republicans, from peacetime to war, from free markets to more government intervention, but Greenspan’s ZIRP policy caught America unprepared.

To summarize, the dollar was really strong, going into the Dotcom bubble, just as it was, going into March 2020. The market crash might have helped bring a regime change in both cases and, in both cases, the dollar got weak right after.

The demographics in the 2000s did not support a housing boom, so the artificially low rates only served to entice the wrong people to originate a mortgage, forcing banks to take on risks they otherwise would not have, had the FED kept rates normal.

Today, it seems like the housing market is strong and has legs to run, creating velocity of money again.


Courtesy: Zerohedge.com

As you can see, every once in a while, the bond market begins to tell itself a story of epic inflation, due to the easy-money policies, excessive deficits, and a myriad of additional factors, which it convinces itself are sure to bring an inflationary spiral.

Q1 of this year was horrible for bond prices since yields rose ferociously.

The 10-yr bond, which is the barometer of the asset universe, has soared by 85%, from just over 0.9% to 1.7% today.

Those who lent funds to Washington in early January have lost 53%!


Now, it is up to you to decide, whether you are about to allow the same people who have poisoned the well, basically since 1971, to brainwash the masses into thinking the world is coming to an end for the gazillionth time, scaring their followers out of owning stocks or getting into real estate, falsely chasing returns by piling endlessly into cyclical commodities, or if you are instead going to stay leveled, putting a portion of your savings into precious metals – not instead of investing, but on top of it!

Not Biden, nor Jerome Powell, and not even your favorite guru that you believe has the pulse and beat on the markets, can change one iota from this truth: equities and real estate are wealth generators.

As long as entrepreneurship and brainpower aren’t banned in this country, building, running and owning businesses and real estate in the booming areas, will always find a path to outperform any and all governmental stupidity or inefficiency.

Gold has bottomed, massive inflation is nowhere in sight and you must act.

 

The post GOLD FINALLY BOTTOMED: WHERE WERE YOU? first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
barter burn cancel humans Central Banks control crash Dollar freedom globalism government is slavery Headline News Humanity Intelwars liars no authority no masters no rulers no slaves one world digital currency payments power Prison Planet Reserve Currency self sustaining shut off Shut-down slave state take away totalitarian control universal basic income wake up

Prepare Now: Events Are “IN MOTION” To Remove The U.S. Dollar As Reserve Currency

The United States dollar will not be the reserve currency for much longer.  In its place will be a digital currency tied to your ability to be a good little slave to the ruling class.  Prepare now, because when this is rolled out, things could get ugly.

According to a report by ZeroHedge, events (which are preplanned by those wanting ultimate totalitarian control, including the United States government) are unfolding that would forever remove the U.S. as the reserve currency.  Incoming is a one-world digital currency.

Asia is not the only region taking steps to disentangle itself from the U.S. dollar standard in global trade and payments. The European Commission, the executive branch of the 27-country European Union (EU), released a communication explicitly stating the goal to strengthen the “international role of the euro.” This goal would “help achieve globally shared goals such as the resilience of the international monetary system, a more stable and diversified global currency system, and a broader choice for market operators.”

“At some point, the fiat currency is going to vanish,” says YouTube creator, Dahboo77. “You are going to have X amount of time to claim a credit for your central bank digital currency.” This has already been announced as the plan. This will be a part of the global totalitarian takeover and ultimate enslavement of humanity.  People will get their universal basic income, which will be a pittance, in exchange for the acceptance of their own slavery.  If you don’t want to live as a slave any longer and reject this beast system, you will be cut off.

“By design, this is all coming down,” Dahboo77 says. He also says to prepare, if you choose to not be a slave, you’ll need to be able and willing to barter.  Have some gold and silver and know its worth. There is not stopping this plan, much like the mass vaccination campaign.  The only thing that will end this system is the masses refusal to comply with it.

Be ready. “Who knows what they will do?” It’s time to wake up.  No human has any rightful power over another human.  It’s time we wake up to the simple fact that we don’t need these psychopathic power hungry masters, they need us.

The post Prepare Now: Events Are “IN MOTION” To Remove The U.S. Dollar As Reserve Currency first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Balance sheet Bitcoin central banking Chinese yuan create money Dollar Federal Reserve Fiat Gold Headline News inflation Intelwars Masters no value own it all owners Reserve Currency Russia Scam Silver slaves United States

The Dollar’s Reserve Currency Status Won’t Last Forever

This article was originally published by Doug French at The Mises Institute. 

The Federal Reserve and the confederation of central banks that follow Chair Powell and his lieutenants at the Eccles Building have flooded the world with fiat script which is only limited by Keynesians’ and modern monetary theorists’ imaginations. In this flurry of metaphorical printing, one country, Russia, has loaded its central bank balance sheet not with the speculation de jour, bitcoin, but instead with the barbaric relic gold.

Tellingly, Russia’s stockpiling began in 2016, and on the eve of the president’s departure from the White House, Vladamir Putin and Elvira Nabiullina, President of Russia’s central bank, had more gold than US dollars stockpiled.

Bloomberg reports, “A multi-year drive to reduce exposure to US assets has pushed the share of gold in Russia’s $583 billion international reserves above dollars for the first time on record.”

It’s no secret Mr. Putin initiated the strategy to “de-dollarize” Russia’s economy. The yellow metal is now the second-largest component of the central bank’s reserves after euros, which make up a third of its reserves. Chinese yuan reserves make up 12 percent.

Over two years ago Forbes compared the oil-producing state Texas to the oil-producing country. “Even though Russia has nearly five times as many residents as Texas, the Lone Star State’s economy is more than $400 billion larger. Texans, therefore, enjoy a gross domestic product (GDP) per capita of around $58,000, whereas Russians have one closer to $8,700,” wrote Frank Holmes.

In the same article, Holmes pointed out, “The Russian Federation is the largest single producer of crude in the world, pumping out 10.95 million barrels per day (bpd) in January, according to the country’s energy minister.” Until there is an EV (electric vehicle) in every American garage, Russia is not to be taken lightly.

Americans have benefited mightily by holding and trading with the world’s reserve currency, though most people haven’t given it a thought. No one remembers when the pound sterling held this distinction a hundred years ago.

“Reserve currencies are typically issued by developed, stable countries,” Investopedia.com. Developed? If you insist. Stable? Not so much.

“Reserve currency-issuing countries are not exposed to the same level of exchange rate risk, especially when it comes to commodities, which are often quoted and settled in dollars,” Investopedia explains. “Issuing countries are also able to borrow in their home currencies and are less worried about propping up their currencies to avoid default.”

Investopedia laughingly cites what it calls a drawback to the reserve currency, “Low borrowing costs stemming from issuing a reserve currency may prompt loose spending by both the public and private sectors, which may result in asset bubbles and ballooning government debt.” Sounds familiar.

In 2015, Patrick Barron wrote on mises.org,

Because of this money-printing philosophy, the dollar is very susceptible to losing its vaunted reserve currency position to the first major trading country that stops inflating its currency. There is evidence that China understands what is at stake; it has increased its gold holdings and has instituted controls to prevent gold from leaving China.

Russia has joined China.

Barron concluded, “If we abolish, or even lessen, legal tender laws and allow the process of price discovery to reveal the best sound money if we allow our US dollar to become the best money it can—a truly sound money—then the chances of our personal and collective prosperity are greatly enhanced.”

The Fed fiddles while the dollar burns.

The post The Dollar’s Reserve Currency Status Won’t Last Forever first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

Share
Categories
Dollar Intelwars Interviews money solutions technocracy

Interview 1613 – Catherine Austin Fitts on The State of Our Currencies


With the global technocrats taking the world through the “Going Direct” Reset into the abyss of the End of Currency and the ultimate transhuman slave state, things could not be more dire. But, as Catherine Austin Fitts of Solari.com tells us, there are options on the table for taking things in a completely different direction and unlocking the incredible abundance of the planet. The choice is our, but for how long? Don’t miss this important, solutions-focused discussion on The State of Our Currencies.
Share
Categories
2020 Americans collapse COVID-19 Depression Dollar Economy financial disaster Great Depression Headline News Hoax household hyperinflation Intelwars money mortgage payments nob loss plandemic Relief Rent scamdemic stimulus paymetns unemployment

For 55 Percent Of Americans, 2020 Has Been “A Personal Financial

This article was originally published by Michael Snyder at The End of the American Dream. 

One of the big reasons why so many Americans are angry about the size of the “stimulus payments” in the COVID relief bill that Congress just passed is because this year has truly been a “financial disaster” for millions upon millions of people.  More Americans than ever before are just barely scraping by from month to month, and $600 is just not going to go very far.

In 2020, small businesses have been getting slaughtered by the thousands, millions of Americans are in imminent danger of being evicted from their homes, and more than 70 million new claims for unemployment benefits have been filed since the COVID pandemic first started.  The U.S. has plunged into a brutal economic depression, and most of the country is desperately hoping that the federal government will do more to bail them out.

Of course, the truth is that we can’t actually afford another 900 billion dollar “stimulus package” on top of all the other “stimulus packages” that were already passed this year.

We are already 27.5 trillion dollars in debt, and all of this reckless spending is putting us on a highway to hyperinflation.

But most Americans don’t really care that we are literally destroying our national finances.  Most people are in desperate need of money, and the vast majority of them want checks from the government as soon as possible.

A OnePoll survey that was just released asked Americans about the current state of their finances, and that survey discovered that a whopping 55 percent of us consider this year to be “a personal financial disaster”

While there is no question 2020 has been an unparalleled health challenge, many are not losing sight of how devastating the year was for their wallets as well. A new survey finds over half of Americans (55%) consider 2020 a personal financial disaster.

That is over half the country!

And for those that are employed, that same survey found that 62 percent are planning to take on a second job in 2021 in an attempt to make ends meet…

Among employed respondents (59% in total), seven in 10 say they need a raise at their job in order to make ends meet. Sixty-two percent plan on taking on a second job in 2021 to meet their financial goals next year.

That number can’t possibly be correct, can it?

Of course there aren’t that many jobs to go around.  Already, there are millions upon millions of Americans that can’t find a “first job”.  As I discussed the other day, we have got unemployed workers sleeping in lawn chairs or sleeping in their own vehicles because that is all they can afford at this point.

We haven’t seen anything like this since the Great Depression of the 1930s, and this latest wave of lockdowns is making things even worse.

With so many Americans financially hurting, it shouldn’t be a surprise that millions of households are getting behind on their rent and mortgage payments

One-in-seven renters with family incomes from $35,000 to $100,000 were not current on their rent in November. The overwhelming majority of these renters – 79.9% — expected to face eviction within two months. Similarly, 9.6% of homeowners with a mortgage were not current on their mortgage in November. And 56.1% of those homeowners expected they will be foreclosed on in the subsequent two months.

Congress keeps extending moratoriums on rent and mortgage payments, and that has been financially devastating for landlords and mortgage holders.

At some point, the moratoriums must end, and when that happens we are going to see a tsunami of evictions that will be absolutely unprecedented in U.S. history.

Meanwhile, many Americans are going very deep into debt in a desperate attempt to keep themselves afloat financially…

More than one-third of households with incomes between $35,000 and $100,000 borrowed from credit cards, other loans as well as from friends and family to pay for their current expenses in November. Soon, debt payments will come due, burdening families that still suffer from long-term unemployment and added health care costs. This could mean rising credit default rates as well as spillovers of economic pain to other households, from who people borrowed to pay their bills.

If economic conditions were to “return to normal” in 2021, most Americans would be able to weather this financial storm just like they did in 2008 and 2009.

But things are not going to return to normal next year.

Instead, this new wave of lockdowns is going to cause thousands of more businesses to close and will force millions more Americans on to the unemployment rolls.

What we are doing to our small businesses is absolutely criminal.  At this point, small business revenues are down more than 32 percent nationwide since the month of January

Small business revenues have also taken a hit nationwide. The national average is a decrease of 32.1 percent in small business revenue since January. Washington D.C. had the worst loss in the nation at 61.6 percent. Oregon small businesses lost 16.3 percent. Illinois small businesses saw 39.2 percent decline in revenue since January.

Every day, more small businesses are closing up shop permanently.

Millions of hopes and dreams have been brutally crushed, and there is nothing that our politicians can say or do that will bring those businesses back to life.

If you have lost a business or a job this year, then that would definitely qualify as one of the “personal financial disasters” of 2020.

And as you have seen in this article, you are far from alone.

Most of the nation is deeply hurting, and the road ahead is only going to get more challenging.

In the short-term, “stimulus payments” from the federal government will definitely help tens of millions of suffering Americans.

But of course every additional dollar that our government borrows and spends just makes our long-term problems even worse.

A national economic meltdown has begun, and our politicians will try lots of things to mitigate the damage, but all of their “solutions” will only help temporarily.

This is going to be an exceedingly dark chapter for America, but most Americans still do not understand the true nature of the crisis that is now unfolding all around us.

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

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

The post For 55 Percent Of Americans, 2020 Has Been “A Personal Financial first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
BIS cashless society central banking Dollar IMF Intelwars Videos

Your Guide to the Great Monetary Reset


Do you know what it means when the Managing Director of the IMF warns of a “new Bretton Woods moment?” How about when the head of the BIS revels in the total surveillance power that digital currencies will afford the central bankers? Well, you’re about to. Don’t miss this info-packed edition of The Corbett Report podcast where James peels back the layers of the great currency reset onion and uncovers the New World (Monetary) Order.

Share
Categories
crashed Dollar elitists EMPIRE enrich billionaires Federal Reserve fiat currency global economy Headline News hyperinflation Intelwars middle class ruined plummeted dollar Profits Stocks United States

Do You Really Think the Empire Will Sacrifice the Dollar to Further Enrich Billionaires?

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

As for stock markets–the devil take the hindmost.

Let’s keep it simple: US dollar up, stocks down. US dollar down stocks up. Stocks up, billionaires get richer. Since that spot of bother in March 2020 when the US dollar (USD) soared and stocks cratered, the USD has been in a free-fall, boosting the wealth of America’s Robber Barons and various other skimmers, scammers, and other undeserving scoundrels.

Chief among the undeserving scoundrels feasting on the decline of the USD are global stock markets which have soared not because revenues and profits are soaring but because the USD has plummeted.

The Federal Reserve is widely worshiped as the Ultimate Power in the Universe, a kind of financial Death Star. The Fed has seen fit to crush the USD to further boost the wealth of billionaires and save global stock markets from their well-deserved ruin. Saving the world, ho-hum, just another day for the god-like Fed.

But something doesn’t quite add up here, for as the all-powerful Fed devalues the US dollar, it destroys the exorbitant privilege of America’s reserve currency. What’s the exorbitant privilege? Simply this: the owner of a reserve currency can create “money” (USD) out of thin air and trade it for autos, oil, semiconductors–real-world goods that were not created out of thin air. Rather, all these real-world goods required tremendous investment and significant costs to be produced and transported.

The exorbitant privilege is something for nothing–a remarkably good deal. And yet the universal expectation is the Fed is going to throw that privilege in the dumpster by pushing the USD into the ground, first by devaluing it relative other currencies and then by letting hyper-inflation destroy what’s left of its purchasing power.

It is not an exaggeration to say that the ability to create “money” out of thin air and trade it for real-world goods is the foundation of America’s global power, what I call the Imperial Project. The same can be said for the other reserve currencies, the euro and the yen. (Since China’s currency is pegged to the US dollar, it is not a true reserve currency; it is only a derivative of the USD.)

So let me get this straight: the Fed is consciously choosing to undermine and then lay waste to the foundation of American power–just to boost Robber Barons and zombie global stock markets? I don’t think so. That the Fed would pursue a suicidal destruction of the purchasing power of the dollar just to boost stock markets and billionaires–that beggars belief.

The Fed is not the Empire, it is the handmaiden of the Empire. The Fed’s dual mandate– for PR purposes, stable employment and prices–is actually balancing the conflicting demands of a global and domestic currency–Triffin’s Paradox writ large.

The inherent problem with a reserve currency is that it must meet global economic needs and domestic needs, and these are intrinsically in conflict. America’s billionaires and pension funds want the US stock market to loft higher on the back of a declining USD, but that diminishes the global purchasing power of the USD–a trend heading for economic ruin.

The Fed has had numerous reasons to weaken the dollar since March: a desperate need to “save” global stock markets from well-deserved collapse, and an equally desperate need to keep the dollar weak so global debtors with loans denominated in dollars can manage to service their trillions in USD-denominated debts.

But drawing a line extending this short-term necessity all the way to hyper-inflationary oblivion is a grave misreading of the Empire’s need for the exorbitant privilege of a strong dollar.

The Fed is about done with its “rescue” of billionaires and global markets and debtors. Against virtually all expectations of seers, pundits, gurus, etc. the USD is about to start serving the Empire in its foundational role. As for stock markets–the devil take the hindmost.

The post Do You Really Think the Empire Will Sacrifice the Dollar to Further Enrich Billionaires? first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
BIS cashless society central banking Dollar Federal Reserve Intelwars Videos

Central Bank Digital Currencies and the Global Monetary Reset


A tectonic shift is taking place in the monetary paradigm right now as central banks around the world gear up to shift us into a system of central bank digital currencies. Joining us to break down the history, context and ramifications of this idea is John Titus of Best Evidence.

Share
Categories
BIS cashless society central banking Dollar Federal Reserve Intelwars Interviews

Interview 1604 – John Titus on Central Bank Digital Currencies


A tectonic shift is taking place in the monetary paradigm right now as central banks around the world gear up to shift us into a system of central bank digital currencies. Joining us to break down the history, context and ramifications of this idea is John Titus of Best Evidence.
Share
Categories
Dollar Donald Trump duplicate ballots elections fiat currency Gold Headline News Intelwars Joe Biden Lawsuits left vs. right paradigm lie Precious Metals rudy giuliani Scams selections Voting

DAGGER TO THE HEART: R.I.P. GOLD!

This article was contributed by Portfolio Wealth Global.

Today’s letter is divided into two sections: the first is the update on the bloody mess that precious metals are undergoing and the second is a summary of the hearing that Rudy Giuliani and the list of witnesses reported that gave verbal accounts of their testimony about Pennsylvania’s voter irregularities.

GOLD: IS THE BULL MARKET DEAD?

In short, the answer is NO. There are several instances since December 2015 where we’ve seen similar moments to this. These are instances in which the volatility index plummets, many events conspire to bring hope, and there’s the assumption that central banks might tighten and that there’s no catalyst for precious metals. These instances come and go since you can’t get rid of the underlying issue: more currency is created by the second.

As you can see, gold fights these moments off and rallies:

Courtesy: Zerohedge.com

If this one follows in the footsteps of the ones we saw in June 2019 and March 2020, watch out, bears!

As you can see, in August, the price of gold distanced from its 200-DMA so much that this sell-off was due to arrive. Taking profits in August was very smart.

Right now, our thesis is that the best course of action is a slow accumulation. The value proposition is certainly the best it’s been since March, and in terms of the mining industry itself, the validity of the sector is well intact. The trend is clear — gold is heading down.

The median all-in sustaining cost is still $975/ounce, so mining companies are still able to report strong earnings, which is the key to understanding the reason we’re about to pull the trigger on the most compelling buy-the-dip setups, in our opinion.

This is gold’s worst month in four years!

Courtesy: U.S. Global Investors

Like we wrote two weeks ago, when gold’s price was much higher, we could see gold falling all the way to $1,750. These shakeouts are the best buying opportunities in hindsight. Traders surrender and it feels bad; there’s a sense of desperation about the future’s price action. We think we’re going to see that frustration fairly soon.

TRUMP’S LAWSUITS – PENNSYLVANIA

Pennsylvania had multiple alleged “irregularities” in the state’s vote count:

* At least 21,000 dead people on Pennsylvania’s voter rolls

* Duplicate ballots were mailed out to thousands of registered voters (Pittsburgh officials have admitted that this happened)

* A lawsuit filed against the state of Pennsylvania for having more than 800,000 inactive voters on its voter rolls

* Pennsylvania’s attorney general told Ted Cruz to “stay the hell out of” the state’s disputed tabulation of presidential election votes

* Dominion Voting Systems’ corrupt election software system was reportedly used in Pennsylvania

Along with that, Giuliani cited another set of numbers that don’t add up. Pennsylvania received approximately 1.4 million absentee or mail-in ballots. However, in the count for president, they counted 2,589,242 absentee or mail-in ballots. How will they account for the discrepancy?

“I know crooks really well. You give them an inch, and they take a mile. And you give them a mile, and they take your whole country.” These were Giuliani’s ending remarks for his opening speech.

Could all of these witnesses possibly be lying in a public hearing, making up the very specific details of what they saw and heard? The mountain of firsthand evidence can only lead informed citizens to one conclusion.

Here’s what President Trump is saying about all of this:

“The whole world is watching us. The whole world is watching the United States of America, and we can’t let them get away with it… This election was rigged, and we can’t let that happen. We can’t let it happen for our country.” – Donald J. Trump.

The zero hour cometh; we shall see if these hold up in the Supreme Court or if Biden will be inaugurated on January 21st, 2021.

The post DAGGER TO THE HEART: R.I.P. GOLD! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
add up bearish Bullish Dollar dominion voting systems Donald Trump Economy election Gold Headline News Intelwars Joe Biden markets registered ballots selection Ted Cruz Votes

DAGGER TO THE HEART: R.I.P. GOLD!

This article was contributed by The Wealth Research Group. 

Today’s letter is divided into two sections: the first is the update on the bloody mess that precious metals are undergoing and the second is a summary of the hearing that Rudy Giuliani and the list of witnesses reported that gave verbal accounts of their testimony about Pennsylvania’s voter irregularities.

GOLD: IS THE BULL MARKET DEAD?

In short, the answer is NO. There are several instances since December 2015 where we’ve seen similar moments to this. These are instances in which the volatility index plummets, many events conspire to bring hope, and there’s the assumption that central banks might tighten and that there’s no catalyst for precious metals. These instances come and go since you can’t get rid of the underlying issue: more currency is created by the second.

As you can see, gold fights these moments off and rallies:

Courtesy: Zerohedge

If this one follows in the footsteps of the ones we saw in June 2019 and March 2020, watch out, bears!

As you can see, in August, the price of gold distanced from its 200-DMA so much that this sell-off was due to arrive. Taking profits in August was very smart.

Right now, our thesis is that the best course of action is a slow accumulation. The value proposition is certainly the best it’s been since March, and in terms of the mining industry itself, the validity of the sector is well intact. The trend is clear — gold is heading down.

The median all-in sustaining cost is still $975/ounce, so mining companies are still able to report strong earnings, which is the key to understanding the reason we’re about to pull the trigger on the most compelling buy-the-dip setups, in our opinion.

This is gold’s worst month in four years!

Courtesy: U.S. Global Investors

Like we wrote two weeks ago, when gold’s price was much higher, we could see gold falling all the way to $1,750. These shakeouts are the best buying opportunities in hindsight. Traders surrender and it feels bad; there’s a sense of desperation about the future’s price action. We think we’re going to see that frustration fairly soon.

TRUMP’S LAWSUITS – PENNSYLVANIA

Pennsylvania had multiple alleged “irregularities” in the state’s vote count:

* At least 21,000 dead people on Pennsylvania’s voter rolls

* Duplicate ballots were mailed out to thousands of registered voters (Pittsburgh officials have admitted that this happened)

* A lawsuit filed against the state of Pennsylvania for having more than 800,000 inactive voters on its voter rolls

* Pennsylvania’s attorney general told Ted Cruz to “stay the hell out of” the state’s disputed tabulation of presidential election votes

* Dominion Voting Systems’ corrupt election software system was reportedly used in Pennsylvania

Along with that, Giuliani cited another set of numbers that don’t add up. Pennsylvania received approximately 1.4 million absentee or mail-in ballots. However, in the count for president, they counted 2,589,242 absentee or mail-in ballots. How will they account for the discrepancy?

“I know crooks really well. You give them an inch, and they take a mile. And you give them a smile, and they take your whole country.” These were Giuliani’s ending remarks for his opening speech.

Could all of these witnesses possibly be lying in a public hearing, making up the very specific details of what they saw and heard? The mountain of firsthand evidence can only lead informed citizens to one conclusion.

Here’s what President Trump is saying about all of this:

“The whole world is watching us. The whole world is watching the United States of America, and we can’t let them get away with it… This election was rigged, and we can’t let that happen. We can’t let it happen for our country.” – Donald J. Trump.

The zero hour cometh; we shall see if these hold up in the Supreme Court or if Biden will be inaugurated on January 21st, 2021.

The post DAGGER TO THE HEART: R.I.P. GOLD! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
central banking Currency Disaster Dollar dollar collapse Federal Reserve fiat currency Financial System Headline News hyperinflation Intelwars money United States Weimar Republic

The U.S. Dollar Is Being Systematically Destroyed, And We Are On A Path That Inevitably Leads To Hyperinflation

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

If we keep treating the U.S. dollar like it is toilet paper, it is just a matter of time before our entire financial system goes down the tubes.  At this moment, the dollar is still the primary reserve currency of the world and the fact that we control it is an absolutely massive advantage for us.

Because the rest of the globe uses dollars to trade with one another, that creates a tremendous amount of artificial demand for our currency, and it keeps the value of our currency elevated at a level that is much higher than it otherwise would be.  But now that we are starting to act like the Weimar Republic in their heyday, it is only going to be a matter of time before everyone else on the planet starts abandoning the U.S. dollar in droves.  We are literally killing our “golden goose”, and most Americans do not even understand what is happening.

The remarks that John Williams made about hyperinflation during a recent interview with Greg Hunter have created quite an uproar, but the truth is that Williams is right on target.

We are on the exact same path that Zimbabwe, Venezuela, and so many others have already gone down, and the very foolish decisions that we have been making are only going to end in complete and utter disaster.

To illustrate what I am talking about, I would like to direct your attention to what has happened to M2 during this calendar year.  For those that are not familiar with M2, here is a definition that comes from Investopedia

M2 is a calculation of the money supply that includes all elements of M1 as well as “near money.” M1 includes cash and checking deposits, while near money refers to savings deposits, money market securities, mutual funds, and other time deposits. These assets are less liquid than M1 and not as suitable as exchange mediums, but they can be quickly converted into cash or checking deposits.

As you can see from this chart, the M2 curve has been rising at an exponential pace in 2020.  In fact, since the pandemic started the curve has nearly gone vertical…

If we keep doing this, we won’t be facing a major financial disaster years from now.

Rather, it will just be a matter of months before the wheels start coming off.

But our leaders do not have any intention of changing course now.  During 2020 the Federal Reserve has been pumping money into the financial system at a rate that we have never seen before, and they have indicated that they plan to continue to support the financial markets as we head into 2021.

And Chicago Federal Reserve Bank President Charles Evans just said that he expects that interest rates could continue to be pushed all the way to the floor “perhaps into 2024”

Chicago Federal Reserve Bank President Charles Evans said Monday there is still “quite a long ways to go” for the U.S. recovery from the coronavirus crisis, adding that he expects the Fed to keep interest rates at their current near-zero level until perhaps into 2024.

Of course the federal government is going to continue to pump out “stimulus package” after “stimulus package” no matter who is in the White House.  This is a point that John Williams made very strongly during his interview with Greg Hunter

Because they has been so much damage done to the economy, Williams says there will have to be stimulus no matter who eventually makes it into the White House.  Williams contends, “Let’s say Trump gets re-elected.  He’s not going to have any choice but to increase stimulus to try to help the economy and help people.  If Biden takes over, he’s going to have to do the same.  He is already promising massive stimulus.  Where it gets really scary is if the Democrats can take control of the House, the Senate as well as the White House. . . . The stimulus there is going to be unbelievable. . . . The more radical Democrats will just print the money you need and spend whatever you need to spend it on, and don’t worry about it. . . . Whoever gets into power, there is going to be more deficit spending.  It’s just a matter of how radical it will be. . . . There is no way we are escaping massive stimulus for at least the next year and into 2022.”

Virtually everyone likes getting “free money” from the government, but you have probably noticed that the price of just about everything has been going up lately.

And this is just the beginning.  According to Williams, we are literally on the verge of a “hyperinflationary Great Depression”

Williams expects to see some very large inflation because of all the stimulus coming and predicts, “The more left we go, the more rapid will be the demise of the dollar.  Eventually, it will be a hyperinflation in the United States.  What I am looking at here is this evolving into a hyperinflationary Great Depression.  To save yourself, you have to preserve your wealth, your dollar assets.  To do that, you have to convert your dollars into physical gold and silver, precious metals and just hold them.  They will retain value over time as opposed to paper dollars that will effectively become worthless.  You’ll be getting a lot of money from the government, and they will keep giving you more and more and more, but that’s going to be an environment of rising and rising inflation.  It’s not necessarily going to buy you more. . . . Hyperinflation will bring political disruption. . . . Hyperinflation is a form of default.  Gold is telling us hyperinflation is straight ahead of us.”

Needless to say, what Williams is saying is perfectly consistent with the warnings in my new book.

To protect themselves, a lot of investors have been pouring money into gold, silver and other precious metals.

At the start of this year, the price of gold was sitting at $1,520.55.  As I write this article, the price of gold is at $1824.00.

And actually the rise in the price of silver has been even more dramatic over the course of 2020.

Gold and silver will almost certainly keep rising as the value of the dollar continues to be destroyed, but even those that invest in precious metals are not going to win in the end.

Because the truth is that the complete collapse of our financial system is not going to benefit any of us, and there is going to be no way to avoid such a fate if we keep going down this very dangerous path.

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

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

The post The U.S. Dollar Is Being Systematically Destroyed, And We Are On A Path That Inevitably Leads To Hyperinflation first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
Cases CDC control Coronavirus crash devastation Dollar Dr. Michael Osterholm economic crash economic terrorism Emergency Preparedness face masks Headline News Hoax Intelwars Joe Biden liars LIES lockdowns Mainstream media Medical Tyranny plandemic power propagana Scam Shutdown tyrants United States Virus worthless

Biden’s “COVID Advisor” Says U.S. Should Lockdown AGAIN For 4-6 Weeks

These people will not stop committing economic terrorism on entire populations. Dr. Michael Osterholm, who is a “coronavirus advisor” to Joe Biden, said a nationwide lockdown would help bring the virus under control in the U.S.

As a quick reminder, the mainstream media has declared Biden the winner of the 2020 election, however, he hasn’t been officially given the title of president-elect. The media has definitely jumped the gun on this one and when that is known, things could get really ugly really fast.  But Biden has taken the media’s coronation and run with it, appointing all kinds of tyrants to positions of power.

This particular tyrant, Dr. Osterholm, has threatened economic terrorism to stop a virus from spreading.  But if we have a vaccine now (thank, Pfizer) what are lockdowns needed for? Osterholm says the federal government will make the economic terrorism better by borrowing more money to cover lost income, aka, destroying the dollar so it’ll be worthless by the time you get it.

He said the government could borrow enough money to pay for a package that would cover lost income for individuals and governments during a shutdown.

Osterholm, who serves as director of the Center of Infectious Disease Research and Policy at the University of Minnesota, said earlier this week that the country is headed toward “COVID hell.” Cases are rising as more people grow tired of wearing masks and social distancing, suffering from so-called “pandemic fatigue,” he said Wednesday. Colder weather is also driving people indoors, where the virus can spread more easily. –CNBC

Osterholm also spoke of “dark days” ahead, bringing up a phrase we have heard from these psychopaths before: the dark winter. 

Osterholm said the U.S. is headed for dark days before a vaccine becomes available. He said health-care systems across the country are already overwhelmed in places such as El Paso, Texas, where local officials have already closed businesses and the federal government is sending resources to handle a surge in deaths caused by Covid-19. –CNBC

“Pandemic fatigue” is real, in fact, people are sick and tired of being told what to do to avoid getting a cold. This medical tyranny is overblown and almost everyone knows it by now.  But as we have said in the past several times, do not assume there won’t be another lockdown.  If these power-hungry political parasites can get away with enslaving us for their banking overlords, they will do so.

Be aware that several states are looking into, have threatened to, or are already in various stages of locking the population down once again. Stay prepared and aware.

The post Biden’s “COVID Advisor” Says U.S. Should Lockdown AGAIN For 4-6 Weeks first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
Cases CDC control Coronavirus crash devastation Dollar Dr. Michael Osterholm economic crash economic terrorism Emergency Preparedness face masks Headline News Hoax Intelwars Joe Biden liars LIES lockdowns Mainstream media Medical Tyranny plandemic power propagana Scam Shutdown tyrants United States Virus worthless

Biden’s “COVID Advisor” Says U.S. Should Lockdown AGAIN For 4-6 Weeks

These people will not stop committing economic terrorism on entire populations. Dr. Michael Osterholm, who is a “coronavirus advisor” to Joe Biden, said a nationwide lockdown would help bring the virus under control in the U.S.

As a quick reminder, the mainstream media has declared Biden the winner of the 2020 election, however, he hasn’t been officially given the title of president-elect. The media has definitely jumped the gun on this one and when that is known, things could get really ugly really fast.  But Biden has taken the media’s coronation and run with it, appointing all kinds of tyrants to positions of power.

This particular tyrant, Dr. Osterholm, has threatened economic terrorism to stop a virus from spreading.  But if we have a vaccine now (thank, Pfizer) what are lockdowns needed for? Osterholm says the federal government will make the economic terrorism better by borrowing more money to cover lost income, aka, destroying the dollar so it’ll be worthless by the time you get it.

He said the government could borrow enough money to pay for a package that would cover lost income for individuals and governments during a shutdown.

Osterholm, who serves as director of the Center of Infectious Disease Research and Policy at the University of Minnesota, said earlier this week that the country is headed toward “COVID hell.” Cases are rising as more people grow tired of wearing masks and social distancing, suffering from so-called “pandemic fatigue,” he said Wednesday. Colder weather is also driving people indoors, where the virus can spread more easily. –CNBC

Osterholm also spoke of “dark days” ahead, bringing up a phrase we have heard from these psychopaths before: the dark winter. 

Osterholm said the U.S. is headed for dark days before a vaccine becomes available. He said health-care systems across the country are already overwhelmed in places such as El Paso, Texas, where local officials have already closed businesses and the federal government is sending resources to handle a surge in deaths caused by Covid-19. –CNBC

“Pandemic fatigue” is real, in fact, people are sick and tired of being told what to do to avoid getting a cold. This medical tyranny is overblown and almost everyone knows it by now.  But as we have said in the past several times, do not assume there won’t be another lockdown.  If these power-hungry political parasites can get away with enslaving us for their banking overlords, they will do so.

Be aware that several states are looking into, have threatened to, or are already in various stages of locking the population down once again. Stay prepared and aware.

The post Biden’s “COVID Advisor” Says U.S. Should Lockdown AGAIN For 4-6 Weeks first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
cashing out Dollar dollar crash election chaos Emergency Preparedness experts Forecasting Gold Headline News Intelwars mining stocks October Selling Silver Stock Market taxation is theft TAXES traders uncertainty United States Warren Buffett

GOLD DUMPED: Don’t Just STAND THERE!

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

The dollar is punishing traders; throughout July and August, the dollar was HEAVILY SHORTED, as we pointed out and warned about. So far in 2020, we’ve called EACH MAJOR move of the dollar and precious metals ahead of time – this is a big correction for stocks, gold, and silver, but we’re forecasting that the MAJORITY OF IT is behind us.

The main reason for the SELL-OFF in gold and silver is the rise in REAL RATES, whereas the reason stocks have entered a correction is because of ELECTION UNCERTAINTY and healthy de-leveraging after August was SUPER-EUPHORIC.

Courtesy: Zerohedge.com

So far, in 2020, each breakdown below the 200-DMA has been a HUGE OPPORTUNITY to buy mining stocks and physical gold.

You can also observe that each time has been QUICK, lasting two or three weeks AT THE MOST; gold has massive support.

My point is that if one is UNDER-INVESTED in precious metals, this is a potential discount window before we resume the uptrend.

This coming week, markets will receive SOME CLARITY, as the presidential debate will be a PIVOTAL MOMENT in American history!

It’s a big week; please don’t STAY INDIFFERENT to the gravity of the debate because much is riding ON IT!

Courtesy: Zerohedge.com

This uncertainty is what’s REALLY DRIVING the huge surge in dollar demand; the wait and see approach is manifesting in the dash for cash and there could be MORE OF IT as we enter October, but Friday’s action towards the end of the session might signal the end of the correction, so STAY TUNED.

It now becomes a question of what’s next to come after the huge gains we’ve ALREADY EXPERIENCED in 2020 and the answer is, as it ALWAYS IS, that no one knows.

What we know is that the NASDAQ 100 is 13% cheaper than it was at the end of August and that the S&P 500 is 10% cheaper than it was just three weeks ago.

Everyone is selling and cashing out; are you doing THE EXACT opposite?

Courtesy: Zerohedge.com

There are ELECTION JITTERS, but ask yourself this: will interest rates be different if a Republican or Democrat is in office?

Ask yourself the same question about stocks: are companies going to be worth less because of who’s in the WHITE HOUSE? Here, the answer is YES; higher corporate taxes make stocks less attractive.

COVID-19 has made many companies face DIRE CONDITIONS, so my thought is that as the mining companies report earnings GOING INTO OCTOBER, the dramatic results will bring back investors like Warren Buffett and the sector will GO NUTS.

The post GOLD DUMPED: Don’t Just STAND THERE! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
Central Banks chaos crash by design crushed destroyed Dollar Emergency Preparedness experts Forecasting Great Depression Greg Mannarino Headline News Intelwars last battle LIES Main Street no recovery The Federal Reserve unemployment United States Wall Street

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.

Share
Categories
2020 bear markets boom China Companies crash critcal thinking Cyber Security Dollar Dot-com bubble experts global debt Gross Domestic Product Headline News Intelwars markets NASDAQ price storm cloud Systems teaching tech disruption thinking U.s. treasuries understand value VIX

FORGET OLD BIDEN: Rookie Investors FAR MORE DELUSIONAL!

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

We’re not in a Dot.Com bubble, but we’re certainly in a TECH DISRUPTION BOOM!

Companies are re-creating entire industries, and stocks that are just in their infancy are going up by hundreds and even thousands of percent, based on expected earnings and market penetration.

There are amazing opportunities in tech, which is why the NASDAQ is flying to the moon, but owning stakes in a well-diversified ETF of booming tech sectors, such as cloud-based services, payment systems and cyber security, ISN’T A REPLACEMENT for level-headed thinking about price and value.

It doesn’t matter how promising a company looks, there’s a RIGHT price and a WRONG price for everything. It boils down to risk tolerance and alternatives.

If the world of equities was restricted to just a few assets, then prices for them would be higher, but there are thousands of options out there, so BE PATIENT.

Courtesy: Zerohedge.com

As you can see, the VIX index going up and the stock market DUMPING HARD is sending yields back down, as the chase for SAFE HAVENS is increasing.

In this world, markets move SUPER-FAST; the bear market, for example, only lasted 34 days. From top to bottom, the -35% MARCH CRASH took only 16 days. Everything happens more quickly than ever.

If one wants to TAKE ADVANTAGE of opportunities, one has to be ready at all times.

What 2020 is teaching me is how valuable of a skill it is to UNDERSTAND PEOPLE and to think about other people’s needs and hot buttons.

Companies and individuals that are experts at knowing WHAT’S IMPORTANT for others find it easier to do business and to increase sales, profits and margins.

One can’t live according to OLD ADAGES that aren’t true anymore, since he’ll miss out on what’s happening today.

The most DAMAGING THOUGHT that I see many industry leaders entertaining is that their sector will return to its pre-covid-19 status, but EVEN THOUGH this pandemic is mostly propaganda, misinformation and plenty of bullshit, the WORLD HAS CHANGED.

Courtesy: Zerohedge.com

As you can see, we’re in a PRETTY AMAZING SPOT to enter the commodities sector!

China is CUTTING BACK on its exposure to U.S. Treasuries and that’s a form of dollar debasement.

As you know, debt continues to be a MASSIVE STORM CLOUD, with global debts reaching 230% the GDP, at the same time as equities are reaching that SAME AMOUNT.

The point is that we can’t IGNORE FACTS: the resource segment has a chance to blow out other industries in the years ahead.

Therefore, we have created an INCREDIBLE PORTFOLIO, consisting of four companies to start with. We’ll be strengthening it and offering more diversification with additional profiled stocks in the weeks to come.

This is the IDEAL PORTFOLIO, in our opinion. You can DOWNLOAD IT here and use it as an initial basis for further analysis on your part.

The post FORGET OLD BIDEN: Rookie Investors FAR MORE DELUSIONAL! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
cash Dollar Earnings Economy experts Forecasting gold stocks Gross Domestic Product Headline News Intelwars Precious Metals prices Stock Market United States Wealth

GOLD $2,134: CAN’T GET ANY MORE OBVIOUS!

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

We wrote last week that gold stocks PEAKED on the 5th of August. Right after that, we saw a flood of INBOUND INQUIRIES, so let me clarify that our message is not that they hit a top and are now moving towards a bear market, but that they’re PULLING BACK, churning and gathering momentum for their next move!

The case for gold stocks is REALLY LEGITIMATE today, even for mainstream investors, shown best by Berkshire Hathaway’s ENTRANCE INTO the sector.

What are they seeing?

Courtesy: Zerohedge.com, Crescat Capital LLC (great charts)

The S&P 500 companies are STILL GROWING, even in these uncertain economic times, but the RISK/REWARD isn’t appealing, as you can see above.

I want to recap the important factors to consider going forward, as the plethora of equities clearly doesn’t OFFER TOO MANY BARGAINS, as we speak.

A. The Wilshire 5000, an index that is far bigger than the S&P 500, since it shows a clearer picture of 10 times the amount of companies, has reached the milestone of NEARLY TWO-TIMES the U.S. GDP!

That has never happened before. In fact, it was only in 2012 that it reached 100% of GDP, so prices of equities have SKYROCKETED. This is testament that multinational companies, which are global, boost the GDP of other countries, at the expense of The United States’ and that’s part of the reason for the deficits.

B. S&P 500 alone is worth nearly 1.5 times the GDP of the United States

C. Still, with 8 in 10 Chief Financial Officers indicating that they believe markets are overvalued, the contrarian move is still to BE INVESTED, rather than have everything you got in cash.

Fear is largely over-hyped; the pandemic is A FRACTION of what it was presumed to be, medically speaking, so the PARALYZED CASH POSITION might not be your best course of action.

As you know, our stock profile opportunities have delivered INDEX-BEATING returns and I’d love to see the streak continue.

Courtesy: Zerohedge.com

When the VIX is GOING UP, at the same time as the index is hitting ALL-TIME highs, the result has been a CORRECTION every single time, so as I warned this past Sunday, don’t expect a RAGING BULL this month.

September is already the most volatile month of the year, historically, with an AVERAGE NEGATIVE return.

On the other hand, gold is going to enjoy SO MANY tailwind catalysts, as we approach the elections; the uncertain political outcome, coupled with the NEW INFLATION TARGETING process that the Federal Reserve has announced, will play a major role in making gold surpass $2,000/ounce again.

Gold stocks, which peaked one month ago, will SOAR BACK and you can already see the uptrend developing:

The top is noticeable, as well as the bottom. We’ll need to see a BREAKOUT ABOVE $64.05 and it’s off to the races.

I’m looking at some stats that leave NO ROOM for doubt; the bull market is very strong and the MANAGEMENT TEAMS are acting very responsibly.

The bull is BACK and we’ve uncovered a BRAND-NEW company, which has some features that lead us to believe that it could be added to the HALL OF FAME of gold stocks, if it pulls off its goals in the next twelve months.

The numbers we looked at were so DELICIOUS that we stopped all other tasks to make sure we gather all available data for you on it.

Expect a MAJOR UPDATE from us in the COMING DAYS!

The post GOLD ,134: CAN’T GET ANY MORE OBVIOUS! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

Share
Categories
Dollar Federal Reserve inflation Intelwars Monetary Policy

Fed Shifts Inflation Policy to Steal More of Your Wealth

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Eventually, economics always wins.

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

Share
Categories
collapse the dollar deficits Dollar experts Forecasting Gold Gross Domestic Product Headline News Intelwars markets Precious Metals price fluctuations Silver spending Supply chain Warren Buffett

PIGS CAN FLY: BUFFETT BUYS GOLD!

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

Say what you want about Warren Buffett, but for a man worth $90bn, after donating $37bn worth of Berkshire Hathaway stock in his life, Buffett is VERY HUMBLE. He spends his time playing incognito card games online (usually Bridge) and lives in the same house as when he was just starting out.

Many hate him, while others adore him, but one thing everyone agrees on is that Buffett doesn’t appreciate the advantages of gold. Buffett admits that he doesn’t know a whole lot about technology, a WEAK SPOT, which has caused him to forego investing in Microsoft for the past 30 years, even though Bill Gates is a very close friend of his!

Buffett realized that his weaknesses could be OVERRIDEN if he hired other money managers to allocate the $130bn that Berkshire has at its disposal. One of these two managers purchased about $600M in Barrick Gold shares in June.

When the 13F filings were disclosed last week, this brought shockwaves, since Buffett isn’t crazy about the unpredictability of commodities and their price fluctuations.

It also shows you, though, that Buffett has let go of his need to MANAGE EVERYTHING that Berkshire owns, which is a great character trait.

Courtesy: Zerohedge.com

It’s undeniable that DEFICITS MATTER.

Every country is different; for some, deficits can be enormous, since their GDP is huge as well, but all economies have an EXPIRATION DATE.

America is reaching its own breaking point and now everyday citizens will begin to experience THE DOWNSIDE of this, as the dollar will continue to LOSE SUPREMACY, while “on-shoring” will actually bring manufacturing to the states, resulting in a supply chain renaissance.

Courtesy: Zerohedge.com

Buffett has significant ownership positions in American banks, but those HAVE PROVEN to be duds.

Personally, my instincts say that 12 months from now gold will trade at about $2,200, but that there will also be a COOLING-OFF period between now and then for the spot price.

What I’m going to say might sound CONTROVERSIAL, but stick with me: Since the spot price will be flat, the INVESTMENT ACTION will swing to the mining shares, which will be reporting record earnings!

Buffett, looks like this time you DID NOT leave at the bottom, like with the airlines, but entered at the right time… congrats to Warren!

Share