The Coming Catastrophic Collapse of the American Middle Class was not prophecy, nor was it a self-fulfilling prophecy being consummated now to the detriment of the world, it was just a clear picture of the financial and economic situations facing the markets in 2016. (See part 2 here)
“If we get caught they will just replace us with persons of the same cloth. So it does not matter what you do, America is a golden calf and we will suck it dry, chop it up, and sell it off piece by piece until there is nothing left but the world’s biggest welfare state that we will create and control. Why? Because it is the will of God and America is big enough to take the hit so we can do it again and again and again. This is what we do to countries that we hate. We destroy them very slowly and make them suffer for refusing to be our slaves.” (Credit to the Defense Intelligence Agency of the United States Department of Defense) – Benjamin Netanyahu circa 1990
The writing went on the wall in the infamous year of 1913 when the United States was mortally wounded by the usurpation of the Constitutionally mandated system of money issuance. With the carefully named “Federal Reserve” Act, in 1913, the United States lost control of money and credit to a private organization of banks working in the interest of their member banks and ultimately toward the creation of “one world government” and the end of sovereign nation states, including the United States.
It’s no secret to the well researched, the United States was harnessed by the forces of darkness and evil that have unleashed the pandemic-of-vaccination-genocide and are underwriting the pseudo-intellectual ideas making news today, for example, the “Great Reset” and the radical societal changes that are destroying the underpinnings of our current civilization. It is also no secret that Americans have funded, through plunder, deception and the mercenary use of the US Military, the destruction of the American nation and its legacy.
EMPIRE IN COLLAPSE
The Super Power days of the USA are numbered as agents of darkness work night and day to bring the US Federal Note (dollar) to the point of runaway hyperinflation, the point when it becomes impossible for the dollars in the system to service the needs of interest payments and the day-to-day requirements of commerce and private demand. At that point, the financial system experiences a debt-implosion, as debt cannot longer be serviced and interest rates skyrocket creating credit shortages leading to market meltdown. Industry and business grinds to a halt; households cannot service their debt, make bill payments or even afford food. Meanwhile, the price of goods will continue to skyrocket, especially products that can no longer be delivered by a system hobbled by off-shoring, work force downsizing, deliberate supply line destruction and the collapse of credit.
The US financial system was designed to collapse while transferring the enormous wealth of Americans to international controllers – in the end, leaving the Federal Reserve Note worthless, buying nothing.
This is a slow process but major cracks are appearing now which signal the quickening. The quickening is the period of time when prices begin to noticeably change in short periods of time. It is also the period of time banks begin to scramble for cash to attempt to remain liquid during this period of increasing demand for savings and new debt.
Meanwhile, middle class households are borrowing money to maintain a standard of living that has been in steady decline since the banking “crisis” (looting) of 2008.
Inflation is not caused by the actions of private citizens, but by the government: by an artificial expansion of the money supply required to support deficit spending. No private embezzlers or bank robbers in history have ever plundered people’s savings on a scale comparable to the plunder perpetrated by the fiscal policies of statist governments – Ayn Rand, The Ayn Rand Lexicon: Objectivism from A to Z pg. 234
CENTRAL BANKS FIGHTING INFLATION DOUBLE SPEAK
The ECB is now expanding its brand new unlimited bond buying program. This move is called “the Transmission Protection Instrument, (TPI). That the European Central Bank has announced a rate hike, from negative rates to a ZEROm(0) percent interest rate, while announcing an unlimited bond (debt) buying program is pure “collapse” double speak. Zero rates facilitate inflation! The unlimited buying program means billions of Euros flowing into the market day after day, hammering the purchasing power of existing currency (inflation). According to the official document describing the TPI
Subject to fulfilling established criteria, the Eurosystem will be able to make secondary market purchases of securities issued in jurisdictions experiencing a deterioration in financing conditions not warranted by country-specific fundamentals, to counter risks to the transmission mechanism to the extent necessary. The scale of TPI purchases would depend on the severity of the risks facing monetary policy transmission. Purchases are not restricted ex ante.
If one can make any sense of the above-mentioned document, it’s only that the Central Bank is in the last stages of propping up fiat currencies while sealing the fate of the final collapse now visibly on the horizon.
In the USA, the “Fed” can be seen in the background buying spectacular amounts of debt – sending inflationary liquidity to their corporate allies in crime. This can be seen immediately in the incredible volatility in 10 year bond yields. The 10 year being the benchmark indicator of overall economic inflation, the rate has been steadily moving up over the past few months and then in a “sudden” turn-around, drops 25 basis points or more below recent highs, bringing the rate below 3% again. This is clearly an outright buy everything move by the US Federal Reserve (and BlackRock Inc.,) to forestall the exponential increase in interest rates that will finally come to destroy dollar purchasing power and end the financial system based on the dollar.
Meanwhile, like the ECB, the Fed is bumping up its so-called fund rates (rates banks pay for fed loans or bank to bank loans) in tiny increments (and more on the way), claiming it’s “fighting” inflation. The only effect of the tiny increases in interest rates is to put further pressure on private sector borrowing (as rate hikes are passed along), which is the working capital and life blood of the private markets.
It can also be seen that big banks are once again feverishly selling their own debt. In this article we can see that the banks are seeking to raise money in a market already polluted with debt – albeit drowning in debt.
According to this article Banks Are Flooding the US Market With Bonds Many Hadn’t Expected :
Wall Street banks were supposed to be done with much of their borrowing in bond markets for the year. Then this week, they sold another $27.5 billion of notes
Meanwhile, the US Government is surreptitiously bailing out the US Tech Sector as the Senate votes to advance bill to subsidize U.S.-made semiconductor chips . This bill will provide $52 billion in subsidies to domestic semiconductor manufacturers, as well as invest billions in science and technology innovation, in a bid to strengthen the United States’ competitiveness and self-reliance in what is seen as a keystone industry for economic and national security.
None of the above is inflation fighting, but is actually causing inflation. The US tech sector, long in decline, has reached the point where it can no longer compete and the layoffs in the tech sector are high and continue to rise. The $52 billion subsidy is just a straight up bail-out, quantitative easing in a new suit.
Be prepared next for another 2008 style mega-banking collapse to usher in the final days of the dollar-based financial system. The next banking “crisis” will be followed by the call for a “new deal” or a “new world order” or another “great leap forward” in banking – just like the Federal Reserve ACT of 1913 was to make the banking system more “stable”.
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STOCK MARKET THEATRE
The US stock market is considered by many to be the forward-facing indicator of the health of the financial system. Nothing could be further from the truth. And, it should be no surprise that those manipulating and managing the collapse of the American dollar-based economy would be working hard to keep the stock market looking healthy. The stock market is a fully managed façade – the prices managed by institutional buying facilitated by the Federal Reserve and other private companies like BlackRock- see Fed Enlists BlackRock In Its Massive Debt-Buying Programs.
By manipulating interest rates through debt purchases and quantitative easing measures, the Fed and accomplices can push cash into the so-called risk-on markets like the stock market. This deception covers up the fact that stock valuations do not support rising stock prices and therefore it represents inflation as newly printed money flows freely into the rising stock market. The stock market has NO relationship to the health of the US financial system.
DOLLAR COLLAPSE WILL DOOM DOLLAR VALUED ASSETS
As dollar purchasing power continues to accelerate toward its inevitable value of zero, assets based in dollars will continue to rise in price. As these prices increase, offsetting the increased inflation, a point is reached when no amount of dollars can return to the value of assets.
Everything I have touched on in the above paragraphs indicates that Western Civilization is facing a financial collapse to such a degree as never seen before. What can individuals do to protect some of the dollar acquired (or Euro etc.,) wealth? The only solution is to quickly convert dollars into assets that will hold their value as the dollar passes away. Historically, gold and silver and productive assets like farmland, certain machinery, tools, water production and others will retain value as the dollar loses its value.
Money is gold, and nothing else. JP Morgan, before congress 1912
SILVER SHIELD
It has been my opinion for nearly two decades that the precious metal silver is the most undervalued asset in the world today. I have written a number of articles about the manipulated price of silver and, in fact, it can be shown to be the most defended price manipulation observable for the past 130 years.
The price of silver today is set by hand. It is a paper price used to set the price of silver derivative products that appear to be real physical silver but are not. No one knows what the real price of silver is in terms of dollars or other currencies because there are many layers of obfuscation and manipulation that work to keep prices presented low. What we do know is that the supply of silver continues to decrease while the demand for the metal increases.
… it’s worth noting that a number of the other elements highlighted here are also at risk of their demand outstripping supply due to their usage in electronic devices, or in their manufacture. These include gallium, silver, germanium and arsenic. –The Periodic Table’s Endangered Elements
We also know that silver, like gold, is money, (Poor Man’s Gold) and, in terms of gold, the gold/silver ratio (price of gold divided by the price of silver) is at an all-time and unnatural high. This indicates price manipulation and is a reason to favor silver over gold in terms of investment.
NOTE: As I write this, the price of silver has been artificially slammed – now set at just over $18. This represents a gold/silver ratio of over 93! This is a Red Alert, signaling that our monetary masters are actively defending the purchasing power of the dollar.
It is a fact that the US Mint is not able to produced the legally mandated number of silver coins for the year 2022. According to the Director of the U.S. Mint, Ventris Gibson,
…given the other coins the Mint produces, and especially considering the current shortage of silver coin planchets and the congressionally-mandated bullion program for American Silver Eagles, the Mint would not be able to produce enough silver dollars in 2022 to satisfy customer demand and that the Mint would focus instead on making sure it could produce enough silver dollars in 2023.
FINANCIAL IDEA – NOT ADVICE
It should be clear that the financial and economic systems of the USA, and Western Civilization in general, are in a deliberately caused collapse. The megalomaniac degenerates that presume to control our lives and do so through front groups like the self-entitled World Economic Forum or the World Health Organization and many others, including the United Nations, are destroying the current paradigms of civilization. I would also add that there seems to be no way to prevent part of those changes, regardless of how many people wake up and take action. But it might not all bad, because out with the old can be followed by in with the new and better – especially if Americans wake up and take back the nation.
It’s therefore incumbent on individuals to make preparations for themselves and their loved ones and, by extension, the communities in which they will eventually rebuild and once again thrive. It must be the responsibility of individuals to provide protection and alternatives for themselves and their families.
At this time, prudence dictates that liquid, and nearly liquid assets, held in dollars should be repurposed and re-denominated. Twenty to thirty percent of one’s liquid assets converted into silver, in my opinion, will shield those liquid dollar assets from a massive decline in purchasing power. In fact, when silver normalizes with respect to gold (falling gold/silver ratio), there will be investment gains, as gold is less expensive in silver due to the massive manipulation of silver prices over the past century. The historic silver to gold ratio is less than 16! Soon, silver will break free of the price chains and this normalization will catapult the price of silver.
It is a blessing that silver prices are being artificially held low in price because the metal is still cheap and affordable to most people.
Finally, making preparations for food and water, and essential supplies to tide you and your family over during the violent transition from the old paradigm to a new one will give you time and make it possible for clear thinking in terms of how to secure food and essentially living staples going forward. Many fantastic articles have been written on the essential items required for medium to long term survival.
It goes without saying that it will be necessary to defend your assets and, therefore, investments in instruments of self defense is rational and should be a required part of your preparation.
Being prepared is the calm before the storm
HEADLINES THAT SIGNAL COLLAPSE
Tech Layoffs Are Here: 45,000 Job Cuts in the US So Far in 2022
Tech layoffs are nothing new. In fact, they happen every year. But this year, they’re happening on a scale that we haven’t seen in a long time.
As of late June, more than 45,000 workers in the U.S. tech sector have been laid off in mass job cuts. That’s already more than double the number of tech layoffs that we saw in all of 2020.
Ford Plans to Lay Off 8,000 Workers
Reducing staff numbers is crucial to increase profits, especially in the Ford Blue division, which is not running as efficiently as it could be, Farley has said. The extra cash flow can support the subsidization of scaling up EVs. Some Ford profits have been lost to some of its EV models due to soaring commodity and warranty costs,
75% of middle-class households say their income is falling behind the cost of living.
AT&T Stock Tumbles As Free Cash Flow Outlook Negates 2022 Gains
AT&T is feeling cash flow pressure from a lengthening of customer collections and higher device payments on top of inflationary pressures. [emphasis JM]
Original Article Can Be Found Here
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