American Wealth Declined in Q3

Guest Post by Martin Armstrong

Debt Burden

According to a recent Federal Reserve report, US household wealth experienced a significant decline in the third quarter, largely attributed to deep stock losses. The central bank’s report revealed that household net worth fell by approximately $1.3 trillion, or 0.9%, from July to September, amounting to $151 trillion. The decline was primarily driven by a $1.7 trillion drop in the value of equity holdings.

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As Debt Skyrockets, So Does This

From Peter Reagan at Birch Gold Group

This week, Your News to Know rounds up the latest top stories involving precious metals and the overall economy. Stories include: Gold as sentiment-driven as ever, $34 silver soon, and U.S. Mint’s gold sales have already outpaced last year’s figures.

Physical gold: The opposite of debt

There are a few things that are now admitted even in the somewhat-mainstream. The U.S. federal government is indebted by over $33 trillion, and it matters. It not only matters, but gold stands to benefit from it. It must, or we wouldn’t be seeing these two mentioned together so often.

The metal has had a good week on what some attribute to fears of loose monetary policy. We know how the boom and bust goes. The moment the Federal Reserve shows any kinds of easing, we expect an avalanche of selling to crush the U.S. dollar’s purchasing power.

Continue reading “As Debt Skyrockets, So Does This”

Something “Big and Stupid” Is Coming…

Guest Post by Jim Rickards

With debt levels reaching all-time highs in major developed and developing economies, and with debt-to-GDP ratios also in record territory (not including contingent liabilities such as Social Security, health care and other entitlements, which make matters worse), it seems time to consider just how nations will deal with this problem.

The debt crisis may not be imminent, but it is unavoidable. When it happens, it may present the greatest financial disaster of all time. It’s never too soon for investors to consider the fallout.

When you issue debt in a currency you print, there’s no need for default in the sense of non-payment.

Continue reading “Something “Big and Stupid” Is Coming…”

WTF IS GOING ON?

Crafting A Cartel, Part II

 

Originally posted at Dispatches from Reality, by Scipio Eruditusdfreality.substack.com


“The average person is handicapped when coming face to face with a CONSPIRACY so monstrous he cannot believe it exists.”

— J. Edgar Hoover, FBI Director (1924-1972), 33° Freemason


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Crafting A Cartel, Part I

Crafting A Cartel, Part I


 

The lines between an intelligence agency, a secret society, and an organized criminal enterprise are almost distinctions without a difference at this point. As I have discussed in Part I, this relationship goes way beyond the practicalities of life on the edge. Indeed, the broader agenda of the Mystery religion has been knowingly advanced through the coordination of these powerful entities: one bloody hand washing the other. Each of these groups is so hopelessly entwined with the other at this point it is nearly impossible to truly discern the dividing line betwixt them.

The symbiotic relationship between the mafia, Masonry, the moneylenders, and the Mystery religion is at the heart of so many of societies true epidemics. From drug overdoses, to homosexuality, to illegal immigration, to pornography; you will continually find this nexus of evil men at the heart of these matters. Each assault upon our morality, our currency, and our country is explained away as the inevitable forces of societal progress. Yet, seemingly without fail, we find the same hidden hand orchestrating events at every turn. A select few deciding the fate of the pliant masses: that has largely been the rule of world events the last three centuries — not the exception.

In this war against self governance, against righteousness, against decency, we will almost always find organized crime leading the vanguard of debauchery and decay.

Continue reading “Crafting A Cartel, Part II”

Keeping Your Head Amidst Debt-Blind Madness

Authored by Matthew Piepenburg via GoldSwitzerland.com,

I recently blew the dust off an old Rudyard Kipling poem, “If,” which many have castigated as a bit overly romantic, despite its high praise from Mark Twain and T.S. Eliot to India’s Khushwant Singh.

The fact, moreover, that “If” was written by a Victorian era colonial in 1865 as a father’s advice to a son, could easily put its otherwise timeless insights at risk of being cancelled by the woke elite as potentially misogynistic or regionally insensitive…

Notwithstanding such critiques, financial readers might equally be asking what Kipling has to do with global markets, the currency wars, inflation/deflation tensions or the US bond market?

Well, given the fact that each of these financial topics, when examined closely or even broadly, are now signs of open madness, yet still consistently ignored or down-played by our leaders and media midgets, I could not help but consider the following (and opening) line of advice:

“If You can keep your head when all about you

Are losing theirs…”

Well: Can we?

Continue reading “Keeping Your Head Amidst Debt-Blind Madness”

Alchemical Weapons for Economic Wars

Originally posted at Dispatches From Realitydfreality.substack.com


“In thee have they taken gifts to shed blood; thou hast taken USURY and increase, and thou hast greedily gained of thy neighbours by extortion, and hast forgotten me, saith the Lord GOD.”

— Ezekiel 22:12 KJV


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Usury is a weapon; a pernicious and unrivaled weapon, capable of bringing even the mightiest foe to heel. The defining economic minds of the ages — from Aristotle, Adam Smith, Karl Marx, to John Maynard Keynes — all viewed usury as a major vice if not an outright evil. It is a slow drip of venom in a civilization’s veins, inevitably bringing the borrower low in it’s alchemical grasp. Our enemy is keenly aware of this powerful weapon, particularly given that the Mystery religion’s temples — the pyramids and ziggurats — also served as banks & mints in which these ancient rites were practiced. The modern financial system is no less steeped in these philosophic and alchemical realities, as some of the most storied economists in history will attest to. Fiat currency is quite literally the Philosopher’s Stone made real: it is the ability to create something of value out of nothing.

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A Debt Jubilee of Biblical Proportions Is Coming Soon… What You Need To Know

by Nick Giambruno

Debt Jubilee Is Coming Soon

Four thousand years ago, the rulers of ancient Babylon discovered a technique to stave off violent revolts.

In ancient times, there was a tendency for people to become hopelessly in debt to their creditors. Eventually, they would rise up and cause instability that could threaten the entire ruling system.

The rulers of the ancient world recognized this dynamic.

Their solution was to enact widespread debt cancellation—a debt jubilee.

Debt jubilees acted as a societal pressure release valve when there were no other options.

The practice spread in the ancient world and became codified in different civilizations.

For example, the Book of Leviticus recognizes debt jubilees as the end of a 49-year biblical cycle—seven cycles of seven years. Continue reading “A Debt Jubilee of Biblical Proportions Is Coming Soon… What You Need To Know”

THREE LAYER CAKE OF DEBT (DEATH)

There’s actually a fourth layer of unfunded government pension and benefits debt at the State and Local levels totaling tens of trillions of dollars. This is why they need to distract you with wars, culture bullshit, and the controversy of the day. Debt ceiling my fat ass. The avalanche of debt will bury this declining empire.

Excessive Debt is the Greatest Risk

Via Birch Gold Group

Excessive Debt Is the Greatest Risk

If there is one common theme to the vast range of the world’s financial crises, it is that excessive debt accumulation, whether by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom.

– Carmen Reinhart (with Kenneth Rogoff, co-author of This Time Is Different: Eight Centuries of Financial Folly)

By Phillip Patrick for Birch Gold Group

The Institute of International Finance tracks global debt levels, which are predicted to surpass $300 trillion as of December 31, 2022. (I suppose it takes them a long time to add up all the numbers.) That’s $36 trillion above pre-pandemic debts. Globally, the world owes about $3.50 for every $1 in economic output.

That’s not just a lot, it’s also a record high debt load. Continue reading “Excessive Debt is the Greatest Risk”

2023: FOURTH TURNING MEETS MASS FORMATION PSYCHOSIS (PART 2)

In Part 1 of this article, I laid out the mass formation psychosis theory postulated by Mattias Desmet in his book The Psychology of Totalitarianism and how totalitarian minded politicians and bureaucrats manipulated the masses by creating the covid crisis. Now I will focus on how this will impact the Fourth Turning we are currently trying to survive.

FOURTH TURNING: CRISIS OF TRUST – The Burning Platform

Decades of social indoctrination and degraded ability to think critically has left most people hopelessly unable to resist the vitriolic opinions of those under the spell of coronavirus mass formation. Even though they didn’t necessarily believe the covid narrative, especially when it became clear only the very old (especially when tyrant governors inserted infected patients into nursing homes) and the very obese actually died with covid, these people still went along. Even the CDC admitted only 6% of deaths were attributable to covid alone.

Based upon research like the Milgram Experiment, we know average people will obey authority without question, even when they know their actions are causing pain. The conformity research done by Solomon Asch explains why a huge percentage of the global population just conformed to what appeared to be a majority opinion. Asch’s experiment had 8 test subjects, but 7 of them worked for Asch. They asked them which line was the same length as Exhibit 1. The 7 Asch employees answered C. Only 25% of the case subjects consistently answered A. They were cowed into giving a patently absurd answer due to peer pressure and lack of faith in their own judgement.

Solomon Asch study social pressure conformity experiment psychology

Continue reading “2023: FOURTH TURNING MEETS MASS FORMATION PSYCHOSIS (PART 2)”

FOURTH TURNING WINTER OF DEATH

“Reflect on what happens when a terrible winter blizzard strikes. You hear the weather warning but probably fail to act on it. The sky darkens. Then the storm hits with full fury, and the air is a howling whiteness. One by one, your links to the machine age break down. Electricity flickers out, cutting off the TV. Batteries fade, cutting off the radio. Phones go dead. Roads become impossible, and cars get stuck. Food supplies dwindle. Day to day vestiges of modern civilization – bank machines, mutual funds, mass retailers, computers, satellites, airplanes, governments – all recede into irrelevance.

Worst Storms of All Time - The Ground Blizzard of 1977 - WorldAtlas

“Picture yourself and your loved ones in the midst of a howling blizzard that lasts several years. Think about what you would need, who could help you, and why your fate might matter to anybody other than yourself. That is how to plan for a saecular winter. Don’t think you can escape the Fourth Turning. History warns that a Crisis will reshape the basic social and economic environment that you now take for granted.” – Strauss & Howe The Fourth Turning

It was less than a year ago on December 16, 2021 when our dementia patient in chief was instructed by his handlers to lie, obfuscate and demonize critical thinking Americans who refused to become victims of the Big Pharma, Fauci promoted, untested, unsafe, ineffective gene therapy by declaring “we are looking at a winter of severe illness and death for the unvaccinated — for themselves, their families and the hospitals they’ll soon overwhelm”. Biden’s vaccine mandates were overturned in the courts. The unvaccinated did not die from Covid. Very few people died from Covid. Some really old and infirm people on death’s doorstep died with Covid. Some very unhealthy obese people died with Covid. But even 95% of the old and unhealthy survived Covid.

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FADING SMILE OF A DYING EMPIRE

“All that is human must retrograde if it does not advance.” – Edward Gibbon

“Woe, destruction, ruin, and decay; the worst is death and death will have his day.” – William Shakespeare, Richard II

We moved to our corner of Montgomery County, Pennsylvania twenty-seven years ago. We raised our three boys here. We spent hundreds of hours on local baseball fields, in hockey rinks, in school gyms for basketball games, concerts, plays and donuts-with-dads. It’s still a nice place to live, with virtually no crime, decent roads, and reasonable property tax rates. But I would have to say there has been a degradation in the overall quality of life in my community, which is consistent with the downward spiral of our society in general. When we planted our roots in this community it was still more farm-like than suburban. Family farms and open space were more prevalent than housing tracts, strip malls, fast food joints and cookie cutter commercial buildings. A beautiful farmhouse a few miles from our home, freshly painted white, proudly displayed the iconic yellow smiley face. It symbolized good times.

We’ve been driving on this road for twenty-seven years on the way to baseball games, hockey practices, the car dealer for service, and lately to our gym, as we try to fend off father time.  Driving by that barn in the early days would always brighten your day. A bright yellow smiley face against a white background represented a positive, happy view of the world.

Continue reading “FADING SMILE OF A DYING EMPIRE”

The Pragmatic Musings of an American Nobody Trying Not to be Evil

By Doug “Uncola” Lynn via TheBurningPlatform.com

 

You were blameless in your ways from the day you were created till wickedness was found in you. Through your widespread trade you were filled with violence, and you sinned. So I drove you in disgrace from the mount of God, and I expelled you, guardian cherub, from among the fiery stones. Your heart became proud on account of your beauty, and you corrupted your wisdom because of your splendor…

– Ezekiel 28: 15-17

 

To the angel of the church in Laodicea write: These are the words of the Amen, the faithful and true Witness, the Originator of God’s creation. I know your deeds; you are neither cold nor hot. How I wish you were one or the other! So because you are lukewarm—neither hot nor cold—I am about to vomit you out of My mouth!  You say, ‘I am rich; I have grown wealthy and need nothing.’ But you do not realize that you are wretched, pitiful, poor, blind, and naked.

– Revelation 3:14-17

 

It’s been said the greatest trick the Devil ever pulled was to convince the world he didn’t exist. And, subsequently, perhaps the next greatest deception ever perpetrated on earth occurred when Fractional Reserve Banking was invented to create money out of nothing. Bubbles are created from thin air; as are the dreams of those who measure wealth by the fading fumes of fiat currency.

Former British Prime Minister Margaret Thatcher once said: “The facts of life are conservative.”  By definition, “facts” are real. Therefore, Thatcher’s quote could also be translated as: The realities of life are conservative.

Typically, conservatives do, in fact, try to live according to values and principles that have sustained people through the centuries: by telling the truth, acting honestly, producing more than they spend, saving for a “rainy day”, living on a budget, and fairly giving back to their communities by paying taxes and practicing charity.

Continue reading “The Pragmatic Musings of an American Nobody Trying Not to be Evil”