Before I provide my summary of the economy couched in the language of Austrian economics, I want to bring to your attention the glaring issues that America will soon face. The criminals that have destroyed our currency and plundered American wealth have nearly exhausted all means to keep this system running.

Oil that lubricates the economy is drying up, and a credit collapse seems imminent. Just last week, Jamie Diamond said, “You are going to see a crack in the bond market, OK?” Dimon said during a May 30 interview at the Reagan National Economic Forum in California. “It is going to happen.” source

It is by no means a coincidence that the reality benders are bringing us to the point of city-by-city riots while Israel, the center of most problems facing America, is busy fanning the flames of war with Iran. The teledrama in play in LA and the Middle East may well be part of the dangerous and likely violent distractions that are required to take the heat off the central banking cabal when we learn that the US financial system has come to a complete stop.

My mission has been to educate people about the nature of the Central Banking system and make them aware that these men and their plans do not include any benefit or safety for Americans. They are the plans of a crime syndicate hiding behind “good intentions” and the cover of a “safety for all” actually working for the total collapse of the current American paradigm. The promised transition from a government-held down by the chains of a Constitution (created to benefit the people and ensure liberty and rights for all Citizens) into a collectivist mob modeled after Soviet-style communism but labeled a “democracy’.

Democracy was a tool that enabled the usurpers to flood the nation with immigrants and illegals with no skin in the game and empower them and the indigenous weak of mind with a sense of ephemeral status that will be washed away in the egalitarian tsunami that follows the deliberately lit “Fire in the Hearts of Man” which might soon burn our civilization down.

The erudite Christian voice Pastor Chuck Baldwin said today that Our Constitutional Republic and Founding Liberty Principles Have Never Been In Greater Jeopardy! On the whole, the American people have come to look at our government through the myopic lens of political partisanship and charismatic celebrities. The constitutional principles on which America was founded are all but lost to this generation. source

The duped, weak-of-mind, paid-off, compromised, and mind-controlled have been set against America and our way of life. Because many could see this coming, including me, I have written about preparation and taking action to secure any available source of wealth you have. Banks are not safe, and paper assets are laced with fraud. Tangibles (not just precious metals) held at hand lengths are the best option from this day forward. Silver is my first choice; gold and silver retain the value at which they were purchased. One hundred dollars worth of gold today will buy what $100 in paper would buy today and likely more in the future, regardless of how worthless the dollar becomes.

Commodity Prices from today:

– Gold: $3386.31

– Silver: $36.34 * will silver soon pass $50?

– Palladium: $1059.29

– Platinum: $1292.14

– G/s: 93.17 * very high

– Us 10-year bond yield: $4.36

Some of our favorite cryptos:

– Bitcoin USD: $106735.24

– Xrp usd: $2.2091

– Ethereum USD: $2686.15

– Stellar USD: $0.269

– Hedera USD: $0.165

– Edge USD: $0.752

– Alchemy-pay USD: $0.0200

– Reserve rights USD: $0.00663

– Axelar USD: $0.456

If It Were Only About Economics

As a devoted student of Austrian Economics, I have observed the recent financial and political landscape, which reveals a relentless tide of fiscal excess and a profound disconnection from the natural laws of economics. As we analyze the data since my last article, “Debt’s Dangerous Gamble: A Greater Bubble Ahead?” the picture has become increasingly precarious.

A Spiral with Endless Depth

The debt dilemmas I previously underscored have only deepened, with the US and other Western nations continuing their borrowings unabated. Each new report on the national debt paints a picture of a future fraught with economic instability. Denying debt’s detrimental impact on our economic structures goes against the fundamental principles espoused by Mises and Rothbard.

Markets Misread the Signs

Equity markets have ever so slightly hesitated since we last examined their bullish run, with investors beginning to question the sustainability of current valuations against the backdrop of economic reality. The disconnect between Wall Street and Main Street remains a gaping chasm, filled with the liquidity central banks provide rather than the solid foundation of true economic growth and productivity.

In the bond market, yields have ticked upward, reflecting a belated recognition of burgeoning inflationary pressures. Yet, these signals are insufficient to deter the Federal Reserve from perpetuating its monetary expansion. As Austrian economists would predict, the long-term consequence of this is the inevitable devaluation of our currency and the distortion of capital allocation (see above.)

Real Estate’s Shifting Sands

Previously buoyant on a sea of low interest rates, real estate faces the tides of change. Mortgage rates have crawled upwards, and we’ve seen a tempered response in new housing starts. This shift suggests we are approaching the point where affordability becomes a widespread constraint, potentially leading to a slowdown in property markets.

Commodities Await Their Turn

Commodity markets remain relatively robust, with prices reflecting geopolitical unrest and ongoing supply chain challenges. In line with previous observations, precious metals are still dormant. Still, as inflationary pressures continue to surface and geopolitical tensions escalate, they will likely regain their traditional role as safe havens.

Cryptocurrency’s Volatile Voyage

Cryptocurrencies have continued their volatile journey. Since my last musings on the nature of decentralized finance, we’ve witnessed significant price swings. These digital assets remain formative, grappling with regulatory headwinds and institutional skepticism. Nevertheless, the promise of an alternative monetary system with competitive currencies remains compelling within an Austrian framework.

Predictions: Economic Reckoning on the Horizon

Looking forward, both short-term tranquility and long-term turbulence seem probable. In the short term, markets might exhibit spasmodic resilience, buoyed by stimulus and intervention. However, I envision a perilous adjustment in the longer term, as the markets must inevitably reckon with the accumulated imbalances.

Equities, particularly in the tech sector, will face corrections as monetary policies tighten. Real estate can expect to see a downturn should interest rates find their natural equilibrium. Commodities might experience dual forces: demand-driven appreciation and speculative volatility, while cryptocurrencies will stand as experimental beacons in a search for monetary stability.

The Austrian Prescription

As per Austrian convictions, the antidote lies in embracing fiscal and monetary discipline: curbing government exuberance, allowing free markets to function unhindered, and reinstating sound, competitive currencies. Structural reforms are imperative, but political reluctance to confront the harsh economic realities may delay such actions.

A Call to Action

As we consider these macro trends, we must actively work to prevent the looming threats of inflation, debt saturation, and the destabilization of financial markets. By recognizing the inherent wisdom in Austrian Economics, we promote solutions that emphasize freedom, prudence, and long-standing economic health.

Concluding Thoughts

The Austrian perspective maintains that fiscal and monetary policymakers’ current paths lead to an unsustainable future, presenting risks that have been magnified since my last article. The journey to economic recovery is not through relentless borrowing and currency debasement but through a courageous return to fiscal rectitude and sound monetary practices.

Be not deceived – be prepared ~ Silver Savior

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• Note: We are not giving advice; we only give our opinion; we are not financial advisors. This article only represents our thoughts about the economy.