The Coming Catastrophic Collapse of The American Middle-Class Update: Warning It Is Happening Now | Jack Mullen
This is an update to my 2016 article
In June of 2020, Klaus Schwab, of the World Economic Forum, published his now infamous work Covid 19: The Great Reset. While very few words were devoted to the theatre of the Covid 19 “pandemic”, many words were devoted to the newly minted idea of the so-called “Great Reset” (GR). The work clearly was the result of years of foreknowledge about the Great Reset forth coming but presented as an unexpected and unfortunate event resulting from a pandemic that only drastic measures can mitigate.
The deep disruption caused by COVID-19 globally has offered societies an enforced pause to reflect on what is truly of value. With the economic emergency responses to the pandemic now in place, the opportunity can be seized to make the kind of institutional changes and policy choices that will put economies on a new path towards a fairer, greener future. The history of radical rethinking in the years following World War II, which included the establishment of the Bretton Woods institutions, the United Nations, the EU and the expansion of welfare states, shows the magnitude of the shifts possible. – Covid 19: The Great Reset
Our concern regards financial implications of the GR and how the United States dollar will be affected when the “reset” begins to tumble the US economy. The primary goal of the Great Reset (planned for decades) will be to terminate the US dollar and end its role as the world’s “reserve currency”.
A recent twitter quote from legendary internet entrepreneur, now called Kim Dotcom, concerns the future of the US financial system and the catastrophic collapse of the dollar’s purchasing power.
The reality is that the U.S. has been bankrupt for some time and what’s coming is a nightmare: Mass poverty and a new system of control … Total U.S. debt is at $90 trillion. U.S. unfunded liabilities are at $169 trillion. Combined that’s $778,000 per U.S. citizen or $2,067,000 per U.S. tax payer.
Remember, the only way the US Government can operate now is by printing more money. Which means hyperinflation is inevitable. The total value of ALL companies listed on the U.S. stock market is $53 trillion.
The real value is much lower because the US has been printing trillions to provide interest free loans to investment banks to pump up the stock market. It’s a scam. Most of the $53 trillion is air.
The value of all U.S. assets combined, every piece of land, real estate, all savings, all companies, everything that all citizens, businesses, entities and the state own is worth $193 trillion. That number is also full of air just like the U.S. stock market.
Let’s do the math: U.S. total debt $90 trillion; U.S. unfunded liabilities $169 trillion. Total $259 trillion. Minus all U.S. assets, $193 trillion. Balance, -$66 trillion. That’s $66 trillion of debt and liabilities after every asset in the U.S. has been sold off … So even if the U.S. could sell all assets at the current value, which is impossible, it would still be broke. The U.S. is beyond bankrupt …
It was Lenin who supposedly said “The best way to destroy the capitalist system is to debauch the currency.” Hyperinflation and the exponentially declining purchasing power of a baseless paper currency is violently destructive to individual wealth. In the end the dollar will have no more value than the paper, and ink, on which its was printed.
The Dollar is Doomed
The destructive end of the United States Federal Reserve Note, usually called “the dollar”, is not unexpected, it was planned and after 1973, with the removal of the last vestige of gold backing, the collapse was guaranteed. It should be of concern to those yet unprepared that this financial system was deliberately fashioned to self destruct over a period of time.
The controllers of our monetary system clearly never had any concern or empathy for those not prepared for a violent, total collapse of dollar purchasing power.
Many still do not understand that wealth held in dollars (bank accounts, contracts, loans, mortgages etc.) will be decimated when a dollar no longer has value. At that point there is no way to restore individual wealth because trying to convert physical assets into dollars will offer no solution. Selling property, liquidating bank accounts and contracts will only result in more dollars which will continue to fall in value.
The Great Reset
Now we can understand the goal and meaning of the Great Reset as it was laid out in 2020, not long after economy destroying measures were introduced by our controllers in regard to a disease that had no affect on the total number of deaths in 2020.
In 2020, the World Economic Forum formally announced that a Great Reset is in the works, and this “reset” is basically how the globalist cabal intends to “fix” this situation. It’s not an attractive solution for the average person, however, because The Great Reset solves the problem by transferring all the world’s wealth and power into the hands of the few and erasing democracy worldwide in one fell swoop. Dr Mercola.com [emphasis added]
After the dollar’s purchasing power has been destroyed, the American middle class will be destroyed too. The once independent, mobile, well-off-American will experience life without a life-style sustainable income and no options to return to a familiar routine. What food is available (Great Reset destroyed the food supply chain) will be out of reach for most people and working for food and sustenance will replace working for income and a life style with comforts, free time and resources to handle unexpected financial requirements.
Protecting your wealth requires a total and complete move out of the US Dollar and related fiat currencies. This means selling current assets and using the funds to purchase tangible assets. Commodities: such as food and food inputs, land, machinery and holding productive assets can offset loss income and offer limited freedom to conduct business and life similar to usual.
For those holding US Dollars in banks or in person, or holding other liquid holdings based in dollars, selling these assets for Silver and Gold will result in those assets holding purchasing power long after paper money is best used for fire starting.
Right now criminals controlling the US Financial markets, banks and corporate investment accounts are forced to keep the price of gold and silver irrationally low. Keeping these prices low maintains the illusion of dollar value. As long as gold and silver present “cheap” in terms of dollar purchase, the dollar retains value hidden in the real value of these metals. That value is used to keep inflation lower and give the impression that nothing terribly wrong is happening in debt markets and can be used as a smoke screen to call rising prices in food and gasoline just a “rising price crisis”. The silver and gold swindle will not forever stand.
If it is your intention to protect all or a portion of your wealth in a basically nonvolatile store of wealth, the time to do so now – immediately. Western debt markets are showing critical signs of a coming implosion. With the collapse of debt markets comes a currency credit crisis. Not enough money remains in liquidity to maintain interest payments while interest rates prevent new borrowings. This is the last signal that the mighty “dollar” has reached its end and portends devastating inflation of prices.
The mafias controlling all important components in the systems of normal life are being forced to keep the price of silver, the most undervalued asset of our time, irrationally low. This is your opportunity, the last ray of sunshine in the coming storm front of financial collapse.
Make your move today – now. Financial collapse starts silently and then blows into view with a thunderous boom. After that silver (and gold) will become unavailable at almost any price.