Not what he wishes and prays for does a man get, but what he justly earns. His wishes and prayers are only gratified and answered when they harmonize with his thoughts and actions. As A Man Thinketh – James Allen
If you have been reading my weekly series of articles, I have shown you how and why the central banking system is working to destroy this economy.
Some of my associates believe these comments induce a lower frequency of thought and, therefore, might be negative. I suggest that people read the entire article – I have high hopes that this crisis will lead to a much better place.
With the honesty of knowledge and the practice of separating emotion from reasoning, we can understand problems and develop solutions soberly.
The time has come for us to tighten down our own financial situations. The markets are rigged, and as we can see by the fluctuations in the stock prices, interest rates, and foreign exchange rates, those with control of the media and inside information are likely to be manipulating these prices even more for personal gain.
There are no honest or free markets in our trading sphere and if you are not an expert is best to be out altogether.
It is also time to whittle away the things we do not absolutely have to have at this time and put off buying large ticket items.
Soon there will be a buyer’s golden opportunity as products in the “bubble” markets (i.e., real estate, automobiles, construction, overpriced commodities, etc.) are correcting and still have a long way to go before reaching a bottom.
Bubbles are created to absorb money when massive amounts are created out of thin air, causing inflation and passed off as investment gains in bubble sectors.
In this article, I want to reinforce the points I have made in my previous work. The people in controlling monetary systems are transferring wealth from mostly the middle class to themselves (theft) – meanwhile, the debt-based currency systems in the West are destroyed by the debt.
We are in the middle or latter stages of what might be called a slow train wreck, with the cars in the back getting the delayed message that cars ahead have slowed considerably.
Market Summary
The key drivers of the engineered collapse are inflation and interest rates.
Interest rate increases are reducing borrowing and demand for essential market products such as automobiles and homes.
Further, interest rate increases divert money from new purchases of all types transferring money to bankers and those up the pyramid that benefit from interest rates.
Inflation is the consequence of a debt-based currency and increases over time as the amount of debt in the system increases. Inflation becomes non-linear when a debt-based currency reaches its planned end of life.
Inflation is required, and regardless of mainstream propaganda about inflation peaking and the economy improving, inflation will continue to increase and must increase until this monetary system has been destroyed.
Therefore we should not be fooled by headlines such as Wholesale prices rose 0.2% in October, less than expected, as inflation eases. The primary point is: prices are still growing, and expectations are subjective.
The Federal Reserve tells us that rate hikes are NOT fixing inflation but later states that more aggressive hikes will fix the problem. Fed’s Bullard says rate hikes have had ‘only limited effects on inflation so far. According to Bullard, Fed funds rate may need to top 7% to bring inflation to heel.
Inflation will dramatically affect the holiday season, and we should try to reduce its effect by not spending. Save your money for later when massive price drops are seen across the board (only offset by supply disruptions which are also part of the planned destruction of this economy).
Inflation to dampen holiday spending, retail trade group forecast
Automobile Market
We can expect significant changes in car prices, both new and used, as deflation hits prices early next year. Currently, auto manufacturers are pushing increasing amounts of inventory to dealers while interest rates are curtailing sales.
Further new car prices have been higher in 2022 than at any time in at least the last five years – with auto prices clearly in an inflation-created bubble.
In the Used market, the prices are falling fast with no end in sight as more cars are being returned due to repossession or people trying to sell vehicles they need to get out of their monthly payment list.
Expect Used car prices to continue to fall as new car prices tumble, competing for used car buyers (that will happen in the late Winter and Spring).
Put off buying a car now and wait for significant price corrections in the next six months.
Housing Market
Housing will continue to fall as bubble prices are blown out of the pricing balloon generated over the past 5 years. The auto and housing collapse will significantly affect GDP and banks supporting these markets.
Housing starts continue to fall, and we can expect that very soon, construction costs will also fall. Prices for construction materials and labor remain significantly elevated, though material costs have shown some signs of easing. Prices for steel, plywood, copper, gypsum and concrete all remain significantly higher than pre-pandemic, but recorded month-over-month declines in October,” Odeta Kushi, First American’s deputy chief economist, said in a statement.
Physical Silver & Gold Premium Update
Supplies of registered silver continue to fall at the major exchanges, and mints cannot keep up with demand. Further, Mints and Miners cannot supply the blanks and raw materials to keep up with silver coin demand.
Silver Spot Price: $21.07 | 1 oz. Silver Eagle Price $40.06 | Premium 90.3%↑
Gold Spot Price: $1765.80 | 1 oz. Gold Eagle Price $2,009.45 | 13.70% ↓
$50 face value junk silver $1147.00 | 61.9% over spot price for 71.5% silver quarters ↓
10 Yield: 3.781% ↓
Crude Oil Price: $81.64 ↓
* note arrows show price increase or decrease over the last article.
Final Thoughts
Fear is the silencer of thought and links in a chain of slavery. We are sovereign individuals with the capacity and right to think for ourselves. The idea of corruption in government and our trusted institutions is as old as government itself. It should be expected and, when discovered, removed quickly. Unfortunately, our culture, controlled by enslavers, does not teach this message, so it must be learned the hard way again.
We are being led to a place where the generational wealthy, those that survive the come-and-go cataclysms of this life, plan to introduce a terrible, total domination, control system, and grid in which they think we will live.
It will begin with fake calls demanding a new and safer monetary system. That new financial system will have already been prepared and will be ready to roll out – like vaccines for Coronavirus.
If the people accept this system, they can expect lifelong servitude, an enslaved person in a world with no privacy, no individualism, and only pretended liberty.
When this system is announced, we, the educated, must, at all costs, stand and say no more central control. No more central banks or One World Governance. Then, humanity can reassert itself and reclaim the losses taken over the decades since 1913.
It is then that the natural new world order can return, a world of individuals with liberties and Law that chains down the potential harms of governments and trusted institutions.
A world envisioned by the US Constitution’s framers where individuals peacefully can act on their own, making their own choices, including how they will participate in markets and money.
So please be ready for the call: when you hear talk of the new monetary system, that’s the signal to take a stand for yourself, your family, and humankind.
Here are a few things of immediate importance
- Move out of cities
- Convert dollars that will be held hostage in the banking system to silver (and gold).
- Keep Enough cash on hand for a month of typical requirements.
- Keep stocking up on food.
- Purchase productive assets (farms, farmland, tractors, specialized machinery).
- Make preparations for gasoline and diesel fuel shortages coming this winter.
- Obtain necessary components of cooking – cooking oils, flour, sugar, seasonings, etc.
- Learn new skills. Fishing, hunting, food storage, gardening.
- Purchase a water purification system
- Invest in solar equipment for power generation
- Consider communications a priority and invest in radio equipment (shortwave receivers, shortwave radios (get your license), GMRS radios.
Please note that the so-called “Junk Silver” is a fantastic way to own fractional silver and carry and use silver in a familiar, safe manner. Please see my new article, What is Junk Silver and Why You Should Buy Some. In this article, I explain how to price and buy “junk silver” and why it is a good idea to get some – oh, and get it soon.
** Ideas and suggestions in this article are my own opinions and are not intended to be financial advice.
Jack Mullen, MBA
* Note I am not giving advice, only my opinion, I am not a financial advisor. This article represents my thoughts about the economy only.
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