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U.S. Is Staring At A Dollar COLLAPSE By The End Of 2021

People used to call those who could see the writing on the wall “crazy conspiracy theorists.” Now, major mainstream media outlets are reporting that the United States dollar could crash by the end of 2021.

Honestly, I am surprised the dollar hasn’t crashed already.  It’s almost worthless in the sense that prices are skyrocketing and hyperinflation is right around the corner.

The “seemingly crazed idea” that the US dollar will collapse against other major currencies in the post-pandemic global economy is not so crazy anymore, the economist Stephen Roach told CNBC’s “Trading Nation” on Wednesday. –Business Insider

Some sites (not those in the mainstream) have been warning that the dollar will crash for years.  This is all a part of the plan. In order to convince the public to accept a digital dollar and fully tracked and traced centralized monetary system, the slaves have to experience a well-thought-out collapse of the current monetary system.

The central banks will attempt a “non-military take over of the entire world.” If we want a permanent system of slavery set up globally, we could simply roll over and allow this digital dollar to actually happen. Instead, I ask that you wake up and realize what’s going on. They have propagated people into the system using the left vs. right paradigm lie, and I admit, I used to fall for it too.

No human makes a rightful master and not human makes a rightful slave.  The crash of the U.S. dollar is necessary and will eventually happen.  Will it happen in the mainstream media’s timeline? Maybe, maybe not.  But people unable to feed their families will willingly submit to slavery and participate in the draconian system of totalitarianism just to get a can of corn.

It’s time to fully realize what is going on and make the determination that we are not slaves. Anything less will result in those in power dominating those who are not. Stop giving these psychopaths power. Remove yourself from the system. A vote in this system for anyone is your consent to be governed. (The word governed comes from the Latin word meaning “to control.”  If you want to continue to be controlled, by all means, far be it from me to tell you otherwise. However, many simply want their freedom to live on this Earth without being a slave to anyone.

The first step is to free your mind from the grip the ruling class has on it, right or left. Next, is to prepare and hone your critical thinking skills.  If your mind is still enslaved, critical thinking skills will be limited. No one is coming to save us, but we don’t need them to.  We need to save ourselves.

The post U.S. Is Staring At A Dollar COLLAPSE By The End Of 2021 first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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MY NEXT MOVES: TECHMAGEDDON/GOLD HORRORS!

This article was contributed by Portfolio Wealth Global.

By now, it’s clear that the world is aware of the changing dynamics in growth prospects for the global economy. After twelve years (2009-2021), where the world’s largest economy was growing very slowly, the millennials and Gen Z demographics are now generating organic growth in the economy. Lowering rates artificially isn’t needed anymore to overcome the demographics cliff.

These age groups, now comprising over one-third of the country’s inhabitants, are searching for better jobs, newer homes, a wife/husband, having children, and moving into adulthood.

They’re going to be responsible for generating higher income tax receipts, servicing the interest payments on the national debt, creating real jobs and incorporating new businesses, and shaping the future of America.

TECH WRECK: THE TRUTH

  1. Dominance: Despite calls for the end of the tech sector, as the leading one, before all others, we don’t think that big tech is going to struggle or languish.

We do think emerging tech (the hype bubble that was rampant and prevalent for years) is over!

Investors are waking up to the fact that real growth is happening, so there’s no need to grasp for straws and pay earnings multiples that make no real-world sense for the few businesses that are “going to change the world.”

  1. Interest Rates: Don’t kid yourself that something like the 1970s is coming.

Rates might continue to go up, but nothing like what the inflationists keep harping on.

As opposed to that period, when America was the creditor for the rest of the world, today it’s the empire of debt. Any rise in Treasury yields is a severe drag on Washington’s ability to balance the books.

The CBO (Congressional Budget Office) calculated a record-breaking $9.7tn to the deficit until 2030, if rates just creep up by 1.00%.

The bonds bull market, which began in 1982 and lasted nearly 40 years, is over.

Courtesy: Zerohedge.com

I’ve been active this past week, adding to existing positions, entering new ones, and planning my entrance into a number of core positions!

The first part of the “buy low, sell higher” sentence mandates, by definition, that one acts when the panic spreads.

PORTFOLIO UPDATES: MARCH 2021

A. Adding cash – I literally built a cash position, equivalent to 30% of the overall portfolio.

In two to three years, you’ll look back at March 2021 and ask yourself why you didn’t buy more.

B. Solar Energy – My two favorite companies, SolarEdge (SEDG) and Enphase (ENPH) have finally come down a lot.

They’ve been on our Watch Lists for years and I’ve been buying.

C. Expensive Tech – I want to take advantage of the balloon deflating and enter into positions, which were so illogically priced thus far that it made no sense.

Therefore, in accordance with our Watch Lists, I entered into positions in BigEcommerce (BIGC), Collective Growth (CGRO), Corsair Gaming (CRSR) and Protalix (PLX).

Each holding represents 1% to 1.5% of the portfolio.

D. Major New Positions – In the next four weeks, we will be revealing two of the highest-conviction speculative holdings in our company’s history.

In order to sell higher, one is forced, by mandate, to buy cheap.

Remember this is the Bible of real investors.

With gold, the bottom is probably within reach. The panic that tightening is coming has been fully discussed by the FED; it’s not planned!

The post MY NEXT MOVES: TECHMAGEDDON/GOLD HORRORS! first appeared on SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You.

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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.

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GOLD COMEBACK: HERE’S THE BLUEPRINT!

This article was contributed by Portfolio Wealth Global. 

Gold does not directly correlate with the dollar. This couple has ceased from trading inversely to each other for many years. It’s very common to see a strong dollar and a strong gold rally, as well as a weak dollar (like right now) along with a weakening gold price (like right now). So, if the dollar isn’t the leading indicator for future gold prices, then what is?

The answer isn’t government debt either; the federal deficit and the national debt pile are contributors to the macro case for owning and storing precious metals, but the debt rises by the second, so if that were the case, gold would always go up.

It’s not inflation either; there’s inflation in the system inherently. Our global economy keeps adding more currency to circulation with each passing year and gold has been rising at more than a 1.6% pace, which is what the Federal Reserve cites as its gauge for CPI (Consumer Price Index).

Inflation and gold correlate much more once inflation becomes a noticeable issue, which any person can see and recognize. The truth is that the average American not only does not know how to define the term monetary inflation, he also has no idea what the consumer price index is – which means that inflation isn’t a hot topic, mentioned daily by influential figures.

Courtesy: U.S. Global Investors

This, as you can see, is an inverse correlation at its best. Bond yields, especially real yields, are the best barometer for where gold is headed next. Real yields are the result of discounting CPI from the nominal 10-yr bond yield.

Right now, the 10-yr bond is 0.84%. Because inflation is higher than that in the United States, there are negative yields, when accounting for real life. If one lends the government $100,000 for a decade, receiving 0.84%/annum, while his purchasing power erodes by more than that, he’s actually banking a guaranteed loss.

In that type of world, one is incentivized to allocate a portion of his savings towards precious metals, since bonds don’t offer much of an alternative to cash.

But, if the sentiment on the street is that this trend is reversing – which means rates are headed higher, while inflation stays tame, causing negative rates to disappear – the reason to own gold, as a trade, goes away.

This is what’s happening right now: Wall Street is convinced that rates bottomed in March and after six months of recovering from the initial shock, lenders have more options to choose from, so they’ll demand higher rates from the U.S. government.

Courtesy: Zerohedge.com

We do not anticipate inflation remaining the same as today. In fact, with the latest reporting about oil prices in 2021, it seems that the street doesn’t either.

On top of that, as you can see above, the markets are euphoric, with valuations resembling Dot.Com era levels. Right after it burst, gold bottomed and then soared for eleven consecutive years.

That’s not what we’re envisioning, but if stocks peak soon and trade sideways for a number of months, gold could do well, as money rotates toward it.

The point is that this slump could be based on a totally false narrative.

So, what we’re doing is building our watchlist and waiting for the SWING, which will occur the moment the trend reverses.

The post GOLD COMEBACK: HERE’S THE BLUEPRINT! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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Currency Federal Reserve fiat currency future gold prices global economy Gold Government Debt Headline News Intelwars inversely monetary system Precious Metals prices Trading weak dollar

GOLD COMEBACK: HERE’S THE BLUEPRINT!

This article was contributed by Portfolio Wealth Global. 

Gold does not directly correlate with the dollar. This couple has ceased from trading inversely to each other for many years. It’s very common to see a strong dollar and a strong gold rally, as well as a weak dollar (like right now) along with a weakening gold price (like right now). So, if the dollar isn’t the leading indicator for future gold prices, then what is?

The answer isn’t government debt either; the federal deficit and the national debt pile are contributors to the macro case for owning and storing precious metals, but the debt rises by the second, so if that were the case, gold would always go up.

It’s not inflation either; there’s inflation in the system inherently. Our global economy keeps adding more currency to circulation with each passing year and gold has been rising at more than a 1.6% pace, which is what the Federal Reserve cites as its gauge for CPI (Consumer Price Index).

Inflation and gold correlate much more once inflation becomes a noticeable issue, which any person can see and recognize. The truth is that the average American not only does not know how to define the term monetary inflation, he also has no idea what the consumer price index is – which means that inflation isn’t a hot topic, mentioned daily by influential figures.

Courtesy: U.S. Global Investors

This, as you can see, is an inverse correlation at its best. Bond yields, especially real yields, are the best barometer for where gold is headed next. Real yields are the result of discounting CPI from the nominal 10-yr bond yield.

Right now, the 10-yr bond is 0.84%. Because inflation is higher than that in the United States, there are negative yields, when accounting for real life. If one lends the government $100,000 for a decade, receiving 0.84%/annum, while his purchasing power erodes by more than that, he’s actually banking a guaranteed loss.

In that type of world, one is incentivized to allocate a portion of his savings towards precious metals, since bonds don’t offer much of an alternative to cash.

But, if the sentiment on the street is that this trend is reversing – which means rates are headed higher, while inflation stays tame, causing negative rates to disappear – the reason to own gold, as a trade, goes away.

This is what’s happening right now: Wall Street is convinced that rates bottomed in March and after six months of recovering from the initial shock, lenders have more options to choose from, so they’ll demand higher rates from the U.S. government.

Courtesy: Zerohedge.com

We do not anticipate inflation remaining the same as today. In fact, with the latest reporting about oil prices in 2021, it seems that the street doesn’t either.

On top of that, as you can see above, the markets are euphoric, with valuations resembling Dot.Com era levels. Right after it burst, gold bottomed and then soared for eleven consecutive years.

That’s not what we’re envisioning, but if stocks peak soon and trade sideways for a number of months, gold could do well, as money rotates toward it.

The point is that this slump could be based on a totally false narrative.

So, what we’re doing is building our watchlist and waiting for the SWING, which will occur the moment the trend reverses.

The post GOLD COMEBACK: HERE’S THE BLUEPRINT! first appeared on SHTF Plan – When It Hits The Fan, Don't Say We Didn't Warn You.

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“No Country Has An Exit Strategy” – Experts Warn Virus Disruptions Could Last Months, Years

This article was originally published by Tyler Durden at ZeroHedge.

The duration of the pandemic is different among experts. 

Michael Levitt, a Nobel laureate and Stanford biophysicist, said earlier this week that the COVID-19 pandemic could be nearing an end as he cited China’s curve flattening to support his hypothesis. Other experts have said there is no clear endpoint, and the virus crisis could be around for months, or even years.

So, the trillion-dollar question: Who should we believe?!

One positive step in slowing down the spread is the shutdown of the global economy. Strict social distancing measures, mass quarantines, and travel bans across the world has flattened the curve in China, with decelerating cases and deaths seen in Italy, Iran, and South Korea.

Then the rest of Europe, with Spain, Germany, France, the UK, are all experiencing accelerating cases that will likely get worse in the weeks ahead.

And, the bad news: both the US and India are at the very start of the curve and things will deteriorate in the weeks ahead before they get better.

So clearly, the pandemic will be sticking around for the next several months. Prime Minister Boris Johnson believes the UK, which is in the early part of the acceleration phase, could see the outbreak peak within the next 12 weeks.

BBC News notes that it could “take a long time for the tide to go out,” referencing that the virus crisis in the UK could be around for quite some time:

It is clear the current strategy of shutting down large parts of society is not sustainable in the long-term. The social and economic damage would be catastrophic.

What countries need is an “exit strategy” – a way of lifting the restrictions and getting back to normal.

But the coronavirus is not going to disappear.

If you lift the restrictions that are holding the virus back, then cases will inevitably soar.

Mark Woolhouse, a professor of infectious disease epidemiology at the University of Edinburgh, said there’s no clear “exit strategy” for how countries eradicate COVID-19.

“It’s not just the UK, no country has an exit strategy,” Woolhouse said.

To fully eradicate the fast-spreading virus from a country, there needs to be a vaccine, and with one 12-18 months away, this suggests that lockdowns could become the norm this year, and maybe into next.

“Waiting for a vaccine should not be honoured with the name ‘strategy,’ that is not a strategy,” he added.

Prof Neil Ferguson from Imperial College London said it could take several years for people in the UK to build up a natural immunity to the virus:

So eventually, if we continued this for two-plus years, maybe a sufficient fraction of the country at that point might have been infected to give some degree of community protection.”

Woolhouse said while the world waits for a vaccine, there could be “permanent changes in our behavior that allow us to keep transmission rates low.”

Countries across Europe, the Americas, and Asia have no exit strategy, at the moment, to fully eradicate COVID-19, and this is concerning because even if social distancing and quarantines are lifted in some regions, the fast-spreading virus could resurface in waves, sort of like what happened with the Spanish Flu over a century ago.

So, until there’s a vaccine, people of the world should get used to “Netflix and quarantine.”

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From Quarantine To Tyranny To Rebellion: Where Is The Line In The Sand?

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

America is in a haze right now. It seems like half the country is in denial of the danger while the other half is awaking from apathy and frantically trying to prepare. This is creating a fog of confusion as one side screams “it’s nothing but the flu, stop buying up the grocery store…!”, and the other side just keeps stocking goods, though in an inexperienced way that prioritizes comfort over practicality.

The other day I went by the grocery store to grab a few peripheral items while they still exist on sale, and this was the first time since the Covid-19 situation began that people in my area actually seemed…different.   The usual carefree obliviousness was gone from their faces and they all had a deer-in-the-headlights look, their eyes wide as saucers as they nervously scrambled around the store.  None of them were absorbed into their cell phones.  All of them were alert as many people huddled over their cart, quickly snatching items from the shelves as if protecting themselves from potential thieves.  It seems that reality is finally hitting the masses square in the face like a sucker punch.

Suddenly, the prepper movement doesn’t look so “crazy” after all, and average people are now turning to prepper forums and websites to ask us for information on how to plan more effectively. Instead of stacking piles of toilet paper for psychological comfort, they are now buying food supplies.  The people who used to accuse us of being “chicken littles” and “doom-mongers” are eerily silent. I almost miss them. At the very least, everyone is now concerned about the situation, if not for different reasons.

This is a far cry from the past two months when governments around the world as well as the UN’s WHO continually downplayed the pandemic threat and offered the public nothing in terms of usable advice. The establishment consistently kept the public in the dark, not just on the virus and its capabilities but also on the vast weaknesses in the global economy. Abruptly in the past week, they suggest that a threat is ahead and now millions of people are scrambling to prepare however they can.

As I have noted in previous articles, there is a reason why the establishment refused to inform the citizenry of the instabilities inherent in the pandemic scenario; the more unknowns there are for the public the more panic will set it, chaos ensues, and it is chaos that can be exploited to push forward numerous agendas. These agendas include global centralization as well as the erasure of constitutional liberties.

Now that a national collapse event is slowly being accepted by many as a legitimate possibility, there is a debate rising as to what measures the government should take or should be allowed to take. Those of us in the prepper and liberty movements always knew this day was coming; a day when the public would start considering trading away an array of freedoms in exchange for promises of security.

Even now, government officials are still trying to tell people that this event will be “short-lived”.

“Don’t worry”, they say, “It will only last a couple of weeks.” Oh, and “Don’t concern yourselves with food shortages, that’s not going to happen…” You can look at these lies in two different ways:

1) The government is trying to stave off a “panic” by slowly easing people into the reality that the system is breaking.

2) The government is trying to keep people passive to the danger so that when the system breaks completely they will be unprepared, desperate and easier to manipulate.

I believe the second option is the most likely given the evidence at hand, but in either case, the government is crippling the public response time to the disaster. They did this for months and they are still trying to do it now.

So, my argument is, why should we suddenly take their advice or take orders from them when the manure hits the fan? They have FAILED in their responsibilities to inform and protect the citizenry, and they are about to violate their prime mandate, which is to protect the personal liberties that make our society worth living in. Without these freedoms, there is no point in keeping our system intact anyway.

The establishment and its defenders will claim that we all “have to make sacrifices” today in order to have freedoms tomorrow, but that’s not how the constitution was designed to work. Our rights are MORE important during times of distress and crisis, for it is in these times that we need to know what we are fighting for, and what we are struggling for. Survival is meaningless if we have to accept tyranny to achieve it.

Once governments see a chance to usurp freedoms from the people, they DO NOT tend to give those freedoms back later unless the people become a viable opponent that could bring the establishment down.

There are some who will say that a forced quarantine is necessary to protect the “greater good” of the greater number. It is true that the Covid-19 virus is a danger, and I think the people who claim it’s “no worse than the flu” are fighting a losing battle as the death rate is clearly much higher than the average flu virus. They will look extremely foolish a few months from now as the virus continues to cycle through the population and the dead continue to increase. That said, I think I understand why they cling to this crumbling argument.

They think that by arguing that the pandemic is “all hype” they can morally justify resistance to the inevitable totalitarian response from governments. They think it has to be one or the other:  Either the virus is hyped and resistance is acceptable, or the virus is real and resistance is unacceptable. I ask – Why can’t it be both? The virus is dangerous to many, but a totalitarian response is still unacceptable.

The virus is in fact more destructive than any flu in recent memory – It’s not a plague on the level of the Black Death, but if it continues to kill at a rate of 3% to 5% at it has been then this puts a large number of human beings at risk. It is not something to be taken lightly, and those people that are actively trying to discourage others from preparing for it are truly narcissistic in their ideology. If you don’t think it’s a threat, then don’t prepare, but don’t scream at others for taking precautions just because you desperately want to be right, and don’t come around demanding food and supplies from those same people when the ceiling comes crashing down on your head.

Also, understand that Covid-19 is only part of the problem. The bigger crisis is in the economy itself; a collapse has been baked into this cake for years now, and the virus has little to do with it.  Leftist kids are going around calling this pandemic the “boomer remover”, almost cheering the assumption that mostly older and conservative Americans will die from this.  I have to break it to them that during the economic collapse that is inevitably coming they will have to wipe the snot from their noses and put on their big-boy diapers otherwise they aren’t going to survive either; most of them have no discernible skills and no preparations to speak of.  They are essentially useless.

If Covid-19 is a “boomer remover”, then the economic crisis is a “snowflake bake”, and they are about to get roasted.

As I have noted time and time again over the past few years, the Everything Bubble only needed one major trigger event to fully implode, but the international banks and central banks created that precarious bubble in the first place, and they set up all the conditions which made it so dangerous. The virus is not the cause of the crash, it is just a very good cover for the banks who are the real perpetrators.

Ignore the virus if you want, but the economic collapse is undeniable. Accept that the national and global emergency is real (even if it has been financially engineered), and let’s move on to a more meaningful debate: Should governments be allowed to implement martial law measures in response?

In my view, there is no excuse for tyranny, even during a pandemic event. The majority of the public is more than capable of voluntary quarantine without government enforcement. Add government intervention into the mix and it will only make people want to do the opposite.  And beyond that, Covid-19 has such a long incubation period that ultimately most people will probably contract it anyway. Total containment is not achievable (as we have just seen in South Korea). Quarantines might slow the spread, which is good, but do not expect to avoid this virus indefinitely. Why sacrifice your freedoms for safety that is an illusion?

Then there is the argument of “herd immunity”, which is utter nonsense and always has been. Either a person or group is immune, or they are not, and people who are not immune do not put immune people at risk. Period. The claim that the virus might “mutate” within non-vaccinated or non-immune people and put vaccinated people at risk is a propaganda argument that ignores science. Generally, when a virus does mutate, it mutates into a less deadly or infectious strain, not a more deadly strain. Viruses are programmed to survive, too. If they evolved to kill ALL potential hosts then that would be counter to their survival imperative, which is why they usually evolve in the other direction.

In terms of Covid-19, there is no “herd immunity” by the establishment definition anyway, because it is a brand new virus. There is no vaccine and the vast majority of people have no antibodies. No one can make the argument that people need to be forcefully locked down in order to maintain a herd immunity that doesn’t exist.

Finally, there is a question of agenda and motive behind the rising call for martial law-like measures over the pandemic. For example, Champaign, Illinois mayor Deborah Frank Feinen has given herself executive powers in response to the coronavirus infection that are outright dictatorial and Soviet in their violations. Among other things, she demands the power to enforce curfews, ban public gatherings, ban alcohol, ban or confiscate firearms, as well as confiscate supplies from any citizen if those supplies are “needed for emergency response”.

Is this really about protecting the public? How does it protect the public to confiscate their only means of defense, or confiscate their food and supplies? This type of thing is usually done in communist countries, and it is done to protect government power, not protect the people.

Understand also that the Champaign mayor is not the only official calling for these types of actions. From New York to LA and beyond, those of us who are paying attention have noticed a swift and quiet implementation of orders that are whittling down American freedoms. Do not expect Donald Trump to operate differently, either. Expect him to initiate martial law measures (though he may not call in “martial law”) in the next few months. Expect him to activate Executive Order 13603, which was created by Barack Obama in 2012 and allows the federal government to appropriate everything from land to food to firearms in the event of a national emergency. This is going to happen. Count on it.

The pandemic is not an excuse for tyranny, and I for one will not comply. I and many I know will self-quarantine for a time with the expectation that we will eventually contract the virus, and hopefully, our immune systems are strong enough to fight it. In the meantime, I will not be allowing any government officials to confiscate my supplies or my firearms “for my own safety” or “for the greater good”.

I will not be cooperating with census takers asking questions about how much supplies I have stocked and whether or not I am ill.  I will not sit idle while checkpoints are set up in my county to enforce travel restrictions or demand people test for symptoms. I will not be signing up for government rations in exchange for my biometric data. I will not be visiting the local FEMA center for government aid. And, I will fight anyone that tries to assert martial law tactics in my area.

A message to the government: I know you won’t, but I suggest you leave people alone and let them self isolate in peace. Your brand of “help” is not the kind of help we need. You and the financial elites that reside over you created this mess, and we do not trust you to clean it up. At the bottom, this disaster should result in your removal from power. You should be held accountable and replaced.

The system itself needs to be rebuilt from the ground up and principles of liberty need to return to the forefront of our society. Centralization and globalization have caused untold grief and terror to humanity; this collapse only reinforces the argument that we need to try something different. They will say that the world was “not centralized enough” and that a more global (totalitarian) framework is the solution. But, of course, who really benefits from that in the end? The common man, or the elites?

They can offer any rationalization they want in the name of public safety, but we know what the real play is here. If the line is crossed into martial law, I plan to fight. Not just for me, but for the next generation. Because if I do not, those children may grow up in the world never knowing what freedom truly is. There are fates worse than death, and a life of tyranny and slavery is one of them.

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cash Coronavirus COVID-19 death toll Disaster Donald Trump economy crashing elections emergency Emergency Preparedness experts Federal Reserve Financial Crisis Forecasting global economy Headline News Humanity Intelwars market closure pandemic physical gold public fear quarantine social distancing The Fed zero interest rates

RESPIRATORY DISTRESS: Gold Nosedives – MOTHER BAILOUT DISCHARGED!

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

Coronavirus is now, QUITE HONESTLY, one of the worst disasters to come upon the human race since WW2. The quantity of casualties worldwide is about 7,000 – which, compared with the 50,000 deaths a day caused by malnutrition, the 400,000 deaths a year caused by smoking, and the hundreds of thousands of deaths every year caused by car accidents and alcoholism, is NOTHING, but the prevention of further spread comes at an unbearable cost to economies.

The real ISSUE in this matter is not that the virus has brought about untold tragedies, but that the LACK OF proper ways of containing the virus do not exist, without MASS-SCALE quarantines and OUTLAWING INTERACTIONS.

The trade-off to eradicating the virus and of limiting the death toll, when it comes to the price paid by the global economy, is that all of our major industries have FLICKED THEIR SWITCHES OFF.

Collectively, as societies, we are SUBJECTING OURSELVES to this crisis, in a financial sense, in order to potentially save many lives. The combination of public fear and of the medical professionals, who DO NOT wish to UNDERSTATE the lethality of Covid-19, has painted us into a corner, along with governors, U.S.-bound, and heads of state, globally, who just WILL NOT risk taking responsibility for this contagious outbreak happening under their watch.

As a global society, we have decided that in the field of pandemics, we hold authorities accountable for coming up with SOLUTIONS and the eyes of the world are on WASHINGTON.

Courtesy: Zerohedge.com

The U.S. economy is, without a doubt, ENTERING an earnings recession with each passing hour. What the Federal Reserve has done, by cutting interest rates to ZERO in a full-on EMERGENCY manner, is to allow credit markets to FUNCTION, since they were PUSHING THE ENVELOPE.

Literally, had the central bank not done this, yesterday we would have seen dollar shortages worldwide. We could have experienced market closures, a bank holiday, lines at the ATMs and curfews, with police patrolling the streets.

The Federal Reserve threw itself on a live grenade to save credit facilitation and bond liquidity but TOOK ITSELF out of the game completely.

They will now be buying bonds and Mortgage-Backed-Securities, an OFFICIAL QE5 program launch, but they will not INTRODUCE negative rates.

Courtesy: Zerohedge.com

Before the FED intervention, the bond markets were close to SHOUTING MAYDAY. The entire planet wanted dollars and there weren’t enough to go around.

The same goes for physical gold. While the price of paper ETFs is falling, in a couple of days, you will not be able to EASILY get your hands on the real thing. Due to OUTRAGEOUSLY high demand and supply chain constraints, both gold and silver, which have dropped like a rock to the bottom of the ocean on the TOTALLY MANIPULATED paper exchanges, are UNATTAINABLE in material form.

Because the Federal Reserve is wounded and left on the sidelines, I expect the MOTHER OF ALL BAILOUTS to start being deployed by the government and by international organization, which are U.S.-centric, such as the IMF and the World Bank.

This is a global pandemic and, as many have feared, the response will be globally-coordinated, opening the DANGEROUS doors to a one-world currency and global governance STRUCTURE.

Don’t think for a second that power-starved globalist key players aren’t looking to FULLY capitalize on the suffering of others and become their heroes in this time of crisis.

Make no mistake about it: the levels of FEAR on the street are HUMUNGOUS. I surveyed several mentors of mine, who were so bearish that I nearly used it as a CONTRARIAN indicator that the worst is behind us.

What you want to see before making a large allocation is the indication of higher highs. For now, we’ve broken below the December 2018 lows, so the floor is that 1,800-2,200 for the S&P 500, the level it traded when Donald Trump made an upset and won the 2016 presidential elections.

Courtesy: Zerohedge.com

At this point, as you can see, the fear of the public, especially with the PROSPECT of a lawful house curfew, mandated by the federal authorities, is SIGNALING DISTRESS.

Obviously, ZERO interest rates and QE programs are not enough to make investors BELIEVE the crisis has been contained.

In a few days, companies will begin releasing their emergency measures, mostly in the fields of manpower, coupled with the publication of FRESH unemployment numbers and we will need a BILL, signed by the SENATE, which assists the misfortunate.

Nothing else will suffice.

The markets are UTTERLY CONCERNED that after nearly one full term of VERBAL VIOLENCE between the Democrats and the Republicans, they will drag their feet, rather than be one step ahead of the economy, IN UNISON.

By this Friday, we will have an ADEQUATE amount of data and we could, with higher certainty, form a decision on BUYING THE DIP or staying in cash even longer.

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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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This Coronavirus Outbreak Is Really Starting To Take A Very Serious Toll On The Global Economy

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

Factories all over China have been shut down, global supply chains have been hit by an unprecedented shock, the Baltic Dry Index is absolutely collapsing, the tourism industry is being absolutely devastated, and companies all over the globe are warning that sales will be lower than anticipated this quarter.

This coronavirus outbreak is already taking a very serious toll on the global economy, and experts are warning that we could still be in the very early chapters of this crisis.  If this outbreak ultimately evolves into a horrifying worldwide pandemic that kills millions of people, what will the global economy look like a few months from now?

For the moment, more than 98 percent of the confirmed cases are still in China, but that could soon change.

And if this virus does start spreading in other countries like it is in China, that could rapidly push us into a deep global recession.

Many are fearing the worst.  In fact, Forbes is already labeling this outbreak as “a black swan event”…

A black swan event is a term used on Wall Street that refers to a rare and unpredictable occurrence that is beyond what is expected and has severe consequences. It’s derived from European explorers who had previously thought that all swans were white and only white, as that was all they knew. They were overcome with shock and confusion when Dutch explorer Willem de Vlamingh discovered the existence of black swans in Australia.

The coronavirus is a black swan event, which may have serious consequences for your job, the stock market and global economy.

Needless to say, China is feeling the most economic pain from this outbreak so far.  In this sort of environment, it makes sense that very few Chinese citizens would want to buy homes, and that is precisely what we are currently witnessing

Bloomberg cited a new report via China Merchants Securities (CMSC) that said new apartment sales crashed 90% in the first week of February over the same period last year. Sales of existing homes in 8 cities plunged 91% over the same period.

“The sector is bracing for a worse impact than the 2003 SARS pandemic,” said Bai Yanjun, an analyst at property-consulting firm China Index Holdings Ltd. “In 2003, the home market was on a cyclical rise. Now, it’s already reeling from an adjustment.”

We have never seen an economic catastrophe of this nature since the communists took power in China, and everyone agrees that all of the Chinese economic numbers are going to be absolutely terrible for the foreseeable future.

And since more global trade goes through China than anywhere else in the world, the ripple effects are literally being felt all over the planet.

In fact, the Baltic Dry Index has fallen more than 80 percent since September and is rapidly headed toward an all-time low

The BDI is now in freefall, closing at 466 on Monday, down over 80% since September 2019. Rates for Capesize bulkers (vessels with capacity of around 180,000 deadweight tons) are now at around $3,500-$4,000 per day — less than a third of their mid-teens breakeven rates.

With economic activity all over the world steadily slowing down, there just isn’t a lot of demand right now, and large shipping companies are potentially facing an extended slump.

But things are going to be even worse for the tourism industry.  After what we have witnessed in recent days, very few people are going to want to set foot on a cruise ship any time soon.  In particular, the case of the Diamond Princess continues to make headlines all over the world, and the number of confirmed cases onboard has now risen to 174

After a relatively quiet 36 hours for the ‘Diamond Princess’, Japanese authorities reported 39 more cases, bringing the total to 174 out of 492 people on board tested, while Japan’s defense Minister Taro Kono tweeted that a quarantine officer from the health ministry also tested positive for the virus. As Bloomberg notes, Carnival’s Diamond Princess cruise ship has become the biggest center of infection of any place outside of China. The Diamond Princess was placed under quarantine last week and checks were conducted after a passenger from Hong Kong who had been on the ship tested positive for the virus. The ship has become a case of concern because of the possibility of more infections in the vessel’s confined spaces, and the increased risks to elderly passengers.

To a lesser extent, the airline industry is being affected as well.

Many airlines have already suspended all flights to China, and on Tuesday American Airlines actually extended their flight cancellations until late April

Due to a reduction in demand, American Airlines on Tuesday extended its flight cancellations to and from mainland China and Hong Kong amid the coronavirus outbreak.

According to a company statement, the airline is extending the suspensions between mainland China and Dallas-Fort Worth and Los Angeles through April 24.

Flights from Dallas to Hong Kong are suspended through April 23. Flights between Los Angeles and Hong Kong are suspended through April 23.

So what is going to happen if this virus starts spreading all over the globe like it is currently spreading in China?

At that point, very few people would want to fly anywhere at all.

In fact, most people would want to avoid public places entirely.

If this crisis gets bad enough, we are potentially facing a global economic shutdown, unlike anything we have ever seen before.

Let us hope that we never get to that point.

Here in the United States, there have only been 13 confirmed cases so far, and most businesses continue to operate normally.

But without a doubt, this crisis will have an impact, and the truth is that the U.S. economy was already starting to slow down before this virus appeared on the scene.  For example, the number of job openings in the U.S. plummeted dramatically in both November and December

The number of job openings in December dropped by 364,000 from November (seasonally adjusted), after having already plunged by 574,000 in November, according to the Labor Department’s Job Openings and Labor Turnover Survey (JOLTS). This two-month plunge of 938,000 job openings came after a series of ups and downs with downward trend starting after the peak in January 2019.

If this virus gets out of control in this country, it is probably going to be impossible to avoid a very serious economic downturn.

Of course, even if this virus were to completely disappear tomorrow, the truth is that we would still be headed for very difficult times.

Life as we have all known it is starting to change and the chapters ahead are going to be very, very painful.

As for this virus, let us keep hoping that this outbreak will start to subside.  Because we already have enough problems, and a horrifying global pandemic would definitely be more than enough to push us over the edge.

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. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. 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.

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