Banking was conceived in iniquity and was born in sin. The bankers own the earth. Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again. However, take away from them the power to create money and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in. But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create money. Josiah Stamp
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. By this method, they not only confiscate, but they confiscate arbitrarily; and, while the process impoverishes many, it actually enriches some. The sight of this arbitrary rearrangement of riches strikes not only at security but at confidence in the equity of the existing distribution of wealth. – John Maynard Keynes – creator of Keynesian Economics and pro-central bank economist
We are now moving into the middle stages of this deliberately created currency crisis, where inflation must be fed with the life’s work of the American middle class.
Inflation is an insidious and massively destructive force. Without notice or warning, inflation robs the purchasing power of every dollar earned, eventually destroying the purchasing power of a dollar completely.
In Keynes’s quote above, he points to the government as the culprit and the likely beneficiary of central bank wealth transfer. In reality, governments are just intermediary operatives, paid servants of the powers that control the central banking cartels of the world.
The same small group of people actively reducing the world’s population under cover of a pretended pandemic also controls central banking. The banker’s plan is to downsize the population, using various means, including war, and then manage those remaining using a self-policing grid of social credits, travel credentials, and tightly monitored and controlled bank accounts.
Central Bank Digital Currency (CBDC) and the End of Private Transaction
We are slowly being herded toward a new banking system that will forever remove the freedom and privacy of transactions made with untraceable and indistinguishable currency.
Furthermore, the new currency will be digital and have no physical form other than some form of digital ID that must be provided with purchase transactions. The likely and inevitable form of the ID will be carried within our bodies.
We must make plans now to prevent being forced into a system of slavery like the world has never seen. All transactions will be monitored, and purchases of items deemed unacceptable or “not in the interest of the collective” will be prevented.
Digital money will have a negative interest rate, and monies not spent in a certain amount of time will devalue and then disappear. Social crediting (Chinese style) will increase or decrease account balances based on state-created standards of required behavior.
The CBDC will be introduced as the currency system fails, bringing hardship, shortages, hyperinflation, and massive wealth destruction. At that time, the “kindly” bankers will offer a solution to restore and preserve the purchasing power of an individual’s remaining currency. It will be then when it is essential to have a plan for already in place for this situation and be ready to become your own bank.
Move out of dollar assets and the current banking system now.
Convert any and all excess dollars (above that are needed to meet bill requirements and for operating funds) to purchasing purchasing-preserving commodities immediately. Purchasing power-preserving monetary assets are commodities like silver, junk silver, and gold. Coin shops also sell platinum and palladium metals. Nonmetal examples are discussed further down.
Commodities Will Boom
As the dollar’s purchasing power fades and prices rise, more paper assets will be converted into liquid cash to pay bills, buy food, gasoline, medicines, and more.
Further, people with remaining resources they wish to save will move away from so-called investments such as the stock market, bonds, and debt products. Currency will quickly be converted into commodity assets such as silver, gold, and other precious metals. Money will flow toward productive assets like farm equipment, land, food stocks, and survival-related assets. This is happening now.
This action guarantees that the price-manipulated assets, now in an inverse bubble, will break free from paper-controlled prices and seek real market price discovery. This means prices of these assets in dollar terms will shoot higher – astonishingly higher. Soon these assets will only be available to some people because the dollar price is far too high.
For those of you that are not wealthy but still have resources that can be converted to paper money and then into commodity assets, you still have a window of opportunity now. This window will close for most people over the next year or sooner.
With resources in hand that hold their value, people can act from a position of strength, gather in numbers, and rebuild a financial and monetary system based on private and competitive money and currencies. Gold and silver will resume their position as money. Private currencies backed by commodities of many kinds will be created to offer liquidity and solutions for long-term financial transactions.
When those who have been swindled into moving their remaining dollars into the CBDC notice that honest, no-surveillance alternatives to the slave currency exist, they can create the necessary uprising and repudiation required to destroy the bankers’ prison. Then humanity can put central banking in the category of pure evil and do away with centralized control systems altogether.
Stand against CBDC as if your lives depend upon doing so.
Market Updates
Mainstream media, an instrument of the banking cartels, has been repeating that inflation is peaking and might soon return to lower and more stable rates. For example, in the news today, The core PCE, which removes food and energy prices, jumped by 5% over the last year and 0.2% from September. That is lower than the previous month, which saw a month-on-month increase of 0.5%. Removing food and energy prices is convenient for reducing the apparent inflation rate. Still, we all know that the current inflation rate’s most significant effect is food prices.
As I have said in previous articles, our monetary system is constructed on a house of cards. It is a system of ever-increasing debt creation. The longer this financial system continues, the more resources are sucked out of it in service of the debt requiring more debt to stabilize liquidity. At some point, it can no longer continue. We are reaching that point now.
Inflation in dollars is here to stay.
Lagarde does not believe inflation has peaked and will continue to raise interest rates.
Inflation is the volleyball back and forth in the lying mainstream
The president of the European Central Bank (ECB), Christine Lagarde, said Monday that the institution will raise interest rates as much as necessary to achieve stability and reach the “right stage”, after inflation in October accelerated to 10.6 percent, a level that the central banker of the eurozone does not yet consider a ceiling for the rise in prices.
* As day-to-day expenses continue to rise, Americans are taking on more debt.
* Overall, credit card balances jumped 15% in the third quarter of 2022, notching the largest year-over-year increase in more than 20 years.
Banks Teetering
Banks are in big trouble (again) and will soon require bailouts. Remember, it is now possible for banks to use your money for their bailout – it’s called Bail-In. Make plans to get your money out of banks; if that is not possible, spread your money over multiple banks. When the banks begin to fail, your money will not be available.
Housing & Real Estate Markets
Housing is taking a beating. Rate hikes and inflation are significantly impacting the sales of homes, new and pending. The Fed announced yesterday that it was rolling back December’s rate hike to just 0.5%, down from 1%. This is not likely to impact home sales as rates are still rising.
Sales of all types of previously owned homes – houses, condos, and co-ops – fell by 5.9% in October from September, the ninth month in a row of declines, to a seasonally adjusted annual rate of sales of 4.43 million homes, just a hair above the lockdown-month of April 2020, according to the National Association of Realtors. Compared to the recent free-money peak in October 2020, sales were down 34%.
The number of pending home sales plunged 32.1% year-over-year to 414,492 in October – the sharpest plunge on record. [emphasis added]
Automobile Market
The automobile markets are in free fall, and the next Fed rate hike around the 15th of December will likely precipitate the most drastic collapse in automobile sales since 2008. This video does an excellent job covering this topic The Fed Is About To Crash The Car Market.
The upside for someone looking to buy a car is that prices will decrease even more. Prices in used cars are set to fall much further. New car prices will hold for now, but dealers will likely offer excellent deals during the end-of-year sales to try to move some market inventory. Further new car dealers will lose the ability to add markups: MSRP will be the price or lower.
Physical Silver & Gold Premium Update
A Commodity SUPER-SPIKE Is Coming. Are You Ready for It?
Today commodities, in general, are in massive INVERSE bubbles; therefore, when risk-on eventually becomes risk-off, and it will, the price of commodities will SUPER-SPIKE.
Silver heads for biggest deficit in decades, Silver Institute says
The amount of silver stored in vaults in London and New York monitored by the COMEX exchange and the London Bullion Market Association has fallen by around 370 million ounces – or 25% — this year.
Silver Spot Price: $22.90 | 1 oz. Silver Eagle Price $40.91 | Premium 78.6%↑
Gold Spot Price: $1808.75 | 1 oz. Gold Eagle Price $2,041.75 | 12.88% ↓
$50 face value junk silver $1301.50 | 58.83% over spot price for 71.5% silver quarters↓
10 Yield: 3.55% ↓
Crude Oil Price: $81.55 ↓
* note arrows show price increase or decrease over the last article.
Final Thoughts
Fear is the silent destroyer of action. Take action now while you can. You cannot go wrong moving assets from an inflationary environment to a position of purchasing power preserver.
Remember, we are sovereign individuals with the capacity and right to think for ourselves. It is worth repeating: 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 re-learned the hard way over and over.
Be ready to say no when fake calls for adopting a “safer” monetary system, free from worries of theft, fraud, and all the other crimes those introducing the new banking system are notorious for committing.
Our future depends on all of us demanding the end of central banking.
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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