The Financial Jigsaw – Issue No. 90

My unpublished (100,000 word) book “The Financial Jigsaw”, is being serialised here weekly in 100 Issues by Peter J Underwood, author

Quote of the Week: “Your life is what your thoughts make it.” – Marcus Aurelius

 NOTE – If anyone would like a free updated, 3rd edition, electronic copy of the complete book, I should be pleased to email a free PDF on request to: [email protected].  The book has many footnotes linking to relevant and explanatory Appendices, websites and videos.

Continuing the Coronavirus sagaThis 40 min video is a MUST WATCH – it tells you everything you need to know about this weaponised bug. “Dr. Francis Boyle discusses the coronavirus outbreak in Wuhan, China and the Biosafety Level 4 laboratory (BSL-4) from which he believes the infectious disease escaped. He believes the virus is potentially lethal and an offensive biological warfare weapon or dual-use biowarfare weapons agent genetically modified with ‘gain-of-function’ properties, which is why the Chinese government originally tried to cover it up and is now taking drastic measures to contain it. The Wuhan BSL-4 lab is also a specially designated World Health Organization (WHO) research lab and Dr. Boyle contends that the WHO knows full well what is occurring.”

https://www.youtube.com/watch?v=TsyujjitOFM

AND – My friend Gerry (who is a retired medical doctor) has some pithy comments about it: “PANIC, PANIC CORONAVIRUS – SOME INCONVENIENT FACTS – let’s look at the Influenza group of viruses.  In the USA alone, during the year 2018, there were 61,000 deaths from Influenza (more than 800,000 people were hospitalized). In the previous year, there were 38,000 deaths and in the year before that, there were 23,000 deaths.  But there was no panic, no “global public health emergency” announced by the World Health Organization. No planes were cancelled”

He goes on to discuss his latest assessment of the ongoing financial situation in America: https://boomfinanceandeconomics.wordpress.com/2020/02/01/boom-as-at-2nd-february-2020 /

No matter the problem, the prescription of the Davos crowd is always more welfare, more warfare, more money printing, more taxes, and of course, more centralization of power into global institutions.”  Doug Casey has a vibrant discussion about what the globalists have planned for us:

https://internationalman.com/articles/doug-casey-on-what-the-international-ruling-class-have-planned-for-you/

Looks like the end of QE 4.

https://wolfstreet.com/2020/02/07/end-of-qe-4-feds-repos-drop-to-oct-2-level-t-bills-balloon-mbs-fall-total-assets-down-to-dec-25-level/

 Here is the link to last week: Issue 89

 I will continue to provide weekly updates as Brexit negotiations with the EU progress over the coming months:

“A YouGov poll, asking remain voters at which of the five stages of grief they now found themselves, registered only 30% who had reached acceptance of the fact of Britain’s departure from the EU: 19% are in denial, 16% are angry and 25% are depressed. (Alastair Campbell doubtless spoke for many when he said that part of him just wanted to retreat to his bed at 11pm, pulling the duvet over his head.)” – Typical snowflake ostrich behaviour!

https://www.theguardian.com/politics/2020/jan/31/jubilation-and-bereavement-11pm-finds-the-uk-no-less-divided-over-brexit?utm_term=RWRpdG9yaWFsX0d1YXJkaWFuVG9kYXlVS19XZWVrZW5kLTIwMDIwMQ%3D%3D&utm_source=esp&utm_medium=Email&CMP=GTUK_email&utm_campaign=GuardianTodayUK

The psychology of Remainers is worth thinking about.  They are generally people with a fearful outlook on life and thus are less successful as individual human beings and are less likely to see or take the opportunities presented.  This fearful outlook tends towards herding for ‘saaaaafty’ (as Eric Peters would say) and are less confident as individuals than Leavers, who tend towards freedom-loving people with rebellious spirits.  You know; the ones that DO as opposed to those that are told WHAT TO DO.  This is a generalisation, of course, but this is why younger people tend towards remaining because they are less confident than their elders as the young are naturally conditioned to be dependent – that is their place in the herd.

 Also, progressives, academics, Marxists, Hollywood Lovies, and ‘alternative’ people, like environmentalists and ‘save-the-planet’ activists, tend towards remaining because they feel safer in a herd.  They are not explorers and risk-takers preferring to ‘explore’ their inner feelings, weeping and whining, rather than getting out there in the rough and tumble of life. ‘Snowflakes’ is a good general description of some of these Remainers and some of the molly-coddled Millennials are the worst remnant of our glorious past when our young men (plus Americans, and Commonwealth guys) in their late teens fought in the air, on land, and by sea to defeat fascism for Europe and which has now already arrived back in the EU, but which is NOT now coming across the channel to us!  Hat tip Nigel Farage.

Thus, this is our caustic legacy from Europe and the Germans who run it.  Now we have the immense task of correcting our young ones against the debilitating intellectual pollution from this cabal of EU vipers over these last 47 years.

Parliament continues its work this week.  Details of Parliament’s deliberations can be found here:

https://www.parliament.uk/business/publications/business-papers/commons/votes-and-proceedings/#session=35&year=2020&month=1&day=6

UK has now left EUROPE so I will continue to comment on relevant EU – UK events:

 “Anyone imagining that the UK’s withdrawal from the European Union on January 31 might mean things will go quiet on the Brexit front, they are likely to be disappointed. It looks like 2020 will be just as packed as the past three roller-coaster years.  The fundamental reason for this is that while the UK has left the EU, it has not yet established a new relationship. This year is a transition period, during which not much changes. The UK will no longer be a member of the European Union but it will continue to adhere to its rules – including freedom of movement.”

https://theconversation.com/brexit-heres-what-happens-next

“While Remain voters overwhelmingly prioritise a deal with the EU, Leave voters are much more interested in a US trade deal. Perhaps unsurprisingly, Remain voters are generally more pessimistic than Leave voters about the UK’s prospects for securing advantageous trade deals.”

https://theconversation.com/post-brexit-trade-public-prioritises-deal-with-eu

Nobody talks much about what the effect of Brexit has on the EU statistics – it’s not pretty:

https://www.zerohedge.com/geopolitical/brexit-what-european-union-loses

“The European Union just lost its first major battle against the people it rules with a disdainful technocratic fist.  “It’s [EU] in damage control mode, telling us that no one else will be able to achieve what the U.K. has [done]. Good luck with that. There are a lot of newly-minted populists in the world today than there were yesterday.” AND here is Nigel Farage’s final speech to the EU parliament:

https://tomluongo.me/2020/01/31/brexit-day-the-times-changing/

The 3rd edition of The Financial Jigsaw issued recently includes a Foreword, Preface, Epilogue and Appendices which I will publish here in advance.   Next come the Appendices:

Appendix IV continues and is provided by kind permission of Jeff Thomas at Internationalman:

APPENDIX IV

FOOD CRISIS – THE GREATEST THREAT TO SOCIAL STABILITY

By Jeff Thomas – https://internationalman.com/articles/authors/jeff-thomas/

 Comment:     In 2012, President Barrack Obama signed an executive order entitled, “National Defence Resources Preparedness.” This order gives the US government the authority to seize and redistribute food, should a state of “national emergency” exist.  In 2015, Jeff reported on a similar, current crisis in Venezuela (nine meals from anarchy) that provided further insight into what may happen if and when the US faces an economic crisis in the future. I believe that this 2011 article describes the likely events without exaggeration:

 Jeff Thomas – Continuation Part 2:

Panic sets in

Food panic doesn’t necessarily occur if a retailer carefully assesses his increased market and rations sales so that everybody gets a slightly lesser share. In fact, I’ve personally seen this work well in the event of a natural disaster in my home country.

The panic does occur when the availability suddenly becomes non-existent (even for a brief time) and the shoppers are unsure when it will be resumed. In an inner city, this is exacerbated by three factors:

  1. Shipments from suppliers become erratic and insufficient
  2. A significant increase in the number of shoppers cleans out the store
  3. Individual shoppers become unreasonably demanding.

This last factor, in any inner-city situation, is almost always responsible for the chaos that evolves into a riot. It works like this: A mother complains that there is no bread for her children to have a sandwich. Her husband becomes angry at the problem and goes down to the corner store, demanding a loaf of bread. The store manager says that he cannot release the bread until the next morning, when the neighbourhood knows they can each come and buy one loaf only. The man, becoming angrier, goes in the back and takes a loaf of bread. The manager resists and is shot. The man, on his way out, grabs a carton of cigarettes and a couple of six packs of beer for good measure. The store, now unmanaged, is looted.

Those shoppers who are normally peaceful people begin to panic and realize that it’s time to grab what you can. In these situations the food stores are generally cleaned out quickly. In a very short period of time, a full-scale riot may be in play. In most inner-city riots, the liquor stores are hit early on, then the appliance stores and so on down the line.

But this is no ordinary riot. Unlike a riot triggered by, say, a TV news clip of some policeman beating a seemingly innocent man, the trigger is ongoing and, more importantly, it is not, at its heart, anger-based, it is fear-based. And it is self-perpetuating. Shipments are not resumed to a store that has no one running it. Worse, additional store owners close for fear that they’re next. The situation escalates very fast.

 Enter the Cavalry

While the US and Europe has seen many riot situations and we can therefore study how they play out, a series of self-perpetuating riots has not taken place before. It’s likely that, within weeks, a national emergency would be declared, and rightly so.  But, how do we to deal with it?

Certainly, the President and State Governors would quickly begin to work with wholesalers to assure that food got to the cities (and any other locations that are also troubled). Needless to say, suppliers will all respond by stating that, in such a situation, they cannot get paid for any food that they deliver.

Truckers will state that they cannot accept the danger to which their drivers will be exposed. Politicians, feeling the pressure from their constituencies, will want to act decisively, even if their decisions prove ineffectual. In such cases, those politicians who are more conservative may decide to send in truckloads of food to be handed out for free, with the control of the Department of Homeland Security to (hopefully) keep order.

Those politicians who are more liberal will believe that the right solution is to nationalise food supply in their states (and possibly nationally) – to take over the control of delivery. As can be imagined, the results will vary from suburban situations in which the store [personnel] is still in place and the provision of food at the retail level remains orderly, to inner-city situations in which trucks will be routinely ransacked. The evening news will show a clip of a “shopper” running down the street with a case of boxes of cornflakes, while heads of lettuce roll on the pavement, some to be picked up; others to be trampled.

Meanwhile, at the other end of the supply chain, the wholesaler is trying to explain to the politicians that, if he’s not paid in some way for the food he sends out, he simply cannot continue. Politicians (especially the more liberal ones), not understanding the workings of business, regard the businessmen as simply being greedy and fail to understand that, without an orderly flow of money, business stops.

The politicians place a temporary ban on all food containers being shipped overseas (even though the overseas customers may be the only truly reliable payers). The politicians advise the wholesalers that they will be paid “eventually.” If the money does not exist in the state treasury, some politicians may even promise future tax credits as payment. As a result, the supply of food would break down on a major scale.

 How it all shakes out

Historically, there’s nothing as chaotic as famine. As long as people have a crust of bread and as long as it arrives regularly, there’s a chance that events may be controlled. It’s the very unpredictability of supply that causes panic and the greater the concentration of potential recipients, the greater the panic.

Small wonder that, when I speak to friends and associates about the ‘Great Unravelling’, this one facet often makes them recoil in a desire to avoid the subject entirely. Once this particular house of cards begins to fall, it will fall much faster than the economy in general and the results will be unquestionably extreme. If the politicians are unlikely to effect a workable solution (at least in the short term), how does this all play out? After all, no famine lasts forever.

What historically happens is that chaos ensues for a period of time. Some people are killed in attempting to take food from the authorities who control the distribution. Others are killed on their way home by others who want the food they are carrying. Others are killed in their homes, when raided by those who are hungry. Still others die of starvation.

It’s horrific to say, but, after a time, in such situations, famine becomes “the new norm” and, as illogical as it would seem, this is the turning point. Chaos eventually devolves into hopelessness and listlessness and the panic disappears. Then, at some point, the lines of supply are slowly restructured, generally on a more limited scale than before.

Is there a timeline for the above to occur? This is for the reader to decide. Each of us will have some general picture in our heads regarding the likelihood and timing of a second crash in the stock market, the rapidity and degree of inflation and the many other aspects that make up the ‘Great Unravelling’ of the western economies.

Therefore, those who accept that harder times are looming, but would rather not consider the likelihood of food riots and famine, would be advised to read the above article a second time and then to begin to plan. Those who do not presently have “back door” situations in place may wish to set the wheels in motion and to internationalise themselves. One thing is certain: once riot situations begin, there will not be enough time to plan.”

It is true, as Jeff says that over time things begin to heal but in the immediate chaos it is incumbent upon us all to prepare beforehand for the survival of ourselves, family, and friends.  In UK we survived WW2 with dignity and stoicism.  Even those catastrophic events of 536 AD were eventually transcended:

https://www.amazon.co.uk/Catastrophe-Investigation-Origins-Modern-World/dp/0099409844

“In AD 536, a volcanic eruption meant our planet was enveloped by a cloak of lethal dust which changed the climate for decades. The sun’s rays grew dim and total darkness reigned for days. It was a catastrophe of unparalleled proportions. Tens of millions of people died around the globe as a bubonic plague epidemic broke out. But in a way it was only the beginning of the crisis”

 

To be continued next Saturday

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Author: Austrian Peter

Peter J. Underwood is a retired international accountant and qualified humanistic counsellor living in Bruton, UK, with his wife, Yvonne. He pursued a career as an entrepreneur and business consultant, having founded several successful businesses in the UK and South Africa His latest Substack blog describes the African concept of Ubuntu - a system of localised community support using a gift economy model.

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2 Comments
Vixen Vic
Vixen Vic
February 8, 2020 7:06 am

That article on food riots definitely gives you something to think about.