Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 24
US House Prices Trend Forecast 2024 to 2026 - 11th Oct 24
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Is America Headed for a Post-Apocalyptic Currency Collapse?

Politics / Pandemic Jun 06, 2020 - 01:49 PM GMT

By: MoneyMetals

Politics

Just when it seemed as though America may be turning the corner after months of lockdown… just when it seemed as though we were on a path to reopening and gradually returning to normalcy… just when the prospects of panic-induced social unrest seemed to be behind us…

…America’s cities erupted into flames.


Antifa and BLM-organized rioting, looting, violence, and mayhem have pushed cities across the country into pandemonium. Even if the insurrections are soon quelled – as President Donald Trump promised to do in a speech in front of the White House on Monday – the consequences won’t soon go away.

Some epidemiologists seized on the protests to predict a spike in the spread of the coronavirus due to the gathering of large crowds. They claim the “flattened” curve could begin to steepen all over again.

The “experts” may be wrong, as they have often been during this outbreak. The nationwide lockdowns and social distancing rules (beyond isolating the infected and protecting vulnerable populations such as those in nursing homes) may prove to have been “overkill.”

The response to pandemic fears, including and especially the economic consequences, certainly contributed to driving some people over the edge. Pent up stress, frustration, boredom, alienation, fear, and other symptoms of cabin fever created the potential for a social conflagration.

Jeremy Boreing of the Daily Wire suggests that social chaos erupted in an 8-step process:

  1. Instill fear
  2. Lock people in their houses
  3. Drive tens of millions out of work
  4. Remove the pressure valves: Sports, Concerts, Bars, Theaters, Lunch with Friends...
  5. Close the churches
  6. Dehumanize through masking the healthy
  7. Wait
  8. Strike match...

The “match” was the death of a suspect named George Floyd. He had fentanyl and other drugs in his system and may have been charged with a relatively minor crime. A police officer appeared to use excessive force in pinning him down. Clearly, Floyd’s death and the police actions that led to it deserved to be investigated.

But the establishment media decided, without evidence of racial bias by the officer – and in contradiction to evidence that shows black arrestees are actually less likely to be killed by white cops – to make Floyd’s death all about the incendiary issue of race. Time will tell if race played a role, but most agree the video evidence show the officer in the wrong.

And so the fire was lit.

The American Institute for Economic Research notes, “Many of the overly confident planners who hatched this disaster are hunkered down in hiding. People are unlikely ever to hold the mainstream media in high regard.”

Sowing the seeds of hatred and whipping up already anxious populations into a frenzy over a fabricated narrative (“racism”) of a single person’s death means many more lives that should have mattered will now be lost to senseless violence.

The article concludes pessimistically, “The best laid plans: inspired by myopic modelers, eschewing of expert opinions of dissident scientists, disregarding of essential rights, fueled by media fabrications and irresponsibility, imposed by governments at all levels. It’s a new chapter of The Road to Serfdom.”

Some economists are predicting a death blow to small businesses that were already under unprecedented financial strain. If they weren’t ransacked, looted, and destroyed by hooligans, they will feel the macro effects of urban decline and flight, plummeting consumer confidence, falling property values, and worsening budgetary crises for state and local governments.

But don’t worry, Walmart, Amazon, Google, JPMorgan Chase, and all their close friends in Washington, D.C. will be just fine. In the event that any “too big to fail” entity runs into trouble, it will get bailed out by the Federal Reserve.

The demands for bailouts going forward will only accelerate. Lockdown relief is still being dispensed, and soon “riot relief” will come too.

The currency crisis will also come – perhaps later this year, perhaps further out in time.

Admittedly, most of us in the sound money camp have been surprised at how resilient the Federal Reserve Note has been for so long. But the world’s primary reserve currency has never had to weather a storm quite like the one we are in now.

No government can borrow into oblivion and no currency can be printed into oblivion without that currency losing credibility and purchasing power.

If you don’t own hard money (gold and silver) now, what are you waiting for? In the post-apocalyptic America that we seem to be heading toward, precious metals may be one of the only things you can count on.

Stock up on gold and silver, guns and ammunition, and non-perishable foods plus household essentials while you still can!

When the social fabric unravels, being self-reliant becomes absolutely essential. Calling 9-1-1 during an emergency may not do much good if the police, fire departments, and ambulances are all overwhelmed.

If you store you precious metals at home rather than a secure depository, a well-concealed fireproof safe to store precious metals will protect them in the event of a home invasion.

Most burglars look for obvious things to grab quickly and then take off to limit their risk of apprehension. A decoy safe with nothing of real value inside that placed out in the open can misdirect a thief’s time and efforts while your real safe is hidden from view (and ideally built into a strong structural element such as concrete).

The same supposed leaders in positions of power who are failing us now can be expected to continue failing. The elites who control the media and both political parties seem to be operating as if wrecking the country is their goal – a point Tucker Carlson powerfully drove home on his Fox News show Monday.

It’s time to get prepared both personally and financially if you’re not already.

Stefan Gleason is President of Money Metals Exchange, the national precious metals company named 2015 "Dealer of the Year" in the United States by an independent global ratings group. A graduate of the University of Florida, Gleason is a seasoned business leader, investor, political strategist, and grassroots activist. Gleason has frequently appeared on national television networks such as CNN, FoxNews, and CNBC, and his writings have appeared in hundreds of publications such as the Wall Street Journal, Detroit News, Washington Times, and National Review.

© 2020 Stefan Gleason - All Rights Reserved

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.


© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in