Guest Post by Egon von Greyerz
The final stages of major economic cycles are always accompanied by the maximum amount of bad news as well as heinous events. This time is no different as the West is in the process of committing Harakiri (Seppuku).
As Elon Musk said:
“My mentality is that of a Samurai. I would rather commit Seppuku than fail.”
Sadly, the problem for the West is that it is both committing Harakiri and failing.
For at least half a century, the world has been in a process of self-destruction.
As the decline accelerates, the next phase of 5-10 years will include major political, social, economic as well as wealth – destruction.
What can be more heinous than a total economic and financial collapse accompanied by a potential World War III that at worst could destroy the world totally.
A recent article of mine discussed global fragility due to War, Debt and Energy Depletion.
In this article I outline the major risks today, financial and geopolitical and also discuss the best way to protect against these risks. Physical Gold is of course the ultimate wealth preservation investment. The next major move up in gold is not far away. See further on.
Biden’s recent visit to Ukraine and whistle stop tour of Europe confirmed that there is no desire to make peace but only war. More support of weapons and money from the US is forthcoming. And whatever the US dictates, Europe follows without considering the consequences.
At the end of his Warsaw address Biden stated about Putin:
“For God’s sake, this man cannot remain in power”.
Hmmm…. Hardly the talk of a peace maker
China on the other hand is trying to act as peacemaker but their proposal last Friday was cold shouldered by the West.
More importantly, the Chinese Ministry of Foreign Affairs issued an important policy document this week which is a very strong attack on the US hegemony called:
“US Hegemony and Its Perils”.
The attack starts in the introduction:
“Since becoming the world’s most powerful country after the two world wars and the Cold War, the United States has acted more boldly to interfere in the internal affairs of other countries, pursue, maintain and abuse hegemony, advance subversion and infiltration, and wilfully wage wars, bringing harm to the international community.
It then goes on in detail to attack all the areas of US Hegemony like: Political – Throwing its Weight Around, Military – Wanton Use of Force, Economic – Looting and Exploitation, Technological – Monopoly and Suppression, Cultural – Spreading False Narratives.
The document exemplifies in detail the hegemonic policies and attacks of the US. Although US politicians will totally reject its contents, it is difficult to argue with the facts put forward by China.
As I mention regularly, I very much like America and its people but have difficulties accepting the policies of the Neocons who dominate US politics.
Here is an extract from the Conclusion in this Chinese document:
“The United States has been overriding truth with its power and trampling justice to serve self-interest. These unilateral, egoistic and regressive hegemonic practices have drawn growing, intense criticism and opposition from the international community.
Countries need to respect each other and treat each other as equals. Big countries should behave in a manner befitting their status and take the lead in pursuing a new model of state-to-state relations featuring dialogue and partnership, not confrontation or alliance. China opposes all forms of hegemonism and power politics, and rejects interference in other countries’ internal affairs.” (Here is a link to the full document.)
It is difficult to argue with this conclusion. But we need to wear the moccasins of the US and rest of the world and look at China from that perspective. This is to follow my adage to walk three moon laps in somebody’s moccasins before you judge him.
China is not attacking various countries in the world by force, but primarily using investments and trade routes to dominate the world like the Modern Silk Road called the Belt and Road Initiative. It sets out to connect 65% of the world’s population to China by creating a network of sea routes and land links. China is estimated to have spent $1 trillion so far but total estimates are as high as $8 trillion. It will most likely take decades to achieve and might become too costly as the world economy declines.
However, what is clear is that China is investing heavily in infrastructure around the world both in Europe, Africa and South America. For example China is buying up ports in a substantial number of countries. They are also investing heavily in the resource sector globally.
Another problem that the West has with China is their human rights record.
Regardless, the trend is clear. The West is in a long term structural decline and the shift to China and the rest of the East and the South is inevitable as I discussed in the article“AS WEST, DEBT & STOCKS IMPLODE, EAST, GOLD & OIL WILL EXPLODE”
THE STRUCTURAL DECLINE OF THE WEST
All empires are ephemeral and this is what the US and Europe are currently experiencing.
The final stages of empires, like the Han, Roman, Mongol, Ottoman, Spanish and British always include the same ingredients some of which are:
- Excessive Debts and Deficits
- Currency Collapse
- Collapse of asset prices including property, bonds and stocks
- Hyperinflation in the final stages, especially in food, commodities & services
- Migration
- High Crime Rates & Breakdown of Law & Order
- Moral Decadence
- Social Unrest, Civil War
- Wars
As the West is now falling (& failing), we can tick all the above events also in the current collapse.
Global debt has exploded since 1971 to $2-3 quadrillion as I have explained in many articles like here.
If it wasn’t for the Petrodollar, the US would have collapsed years ago. But as more countries are considering trading oil in other currencies like Yuan, the dollar will first Gradually lose its value and then Suddenly to paraphrase Hemingway.
But remember that since Nixon closed the Gold Window in 1971, all currencies have lost at least 97-99% of their value in real terms which is against gold.
Empires seldom die overnight so this process which started in 1971 could take another 5-10 years. But since we are now in the final stages, it could also happen Suddenly.
So let’s paint a potential scenario for the next 5-10 years.
In simple terms it will be more of the same if we look at the 9 points above.
Debts and deficits will increase exponentially. I have for many years shown the growth in US debt which on average has doubled every 8 years since Reagan became president in 1981.
On December 6, 2016, the chart below was included in a Family Office presentation I gave in London:
I projected then in 2016 that when Trump would reach the end of his first term in January 2021, US debt would be $28 trillion on the way to $40 trillion four years later in 2025.
Interestingly, the debt was $28T in Jan. 2021. It doesn’t require a genius to project this figure as it is a straight extrapolation of the trend dating back 40 years. Still, I didn’t see anyone forecasting anywhere near the $28T debt in 2016.
A couple of years ago, I raised my $40T debt in 2025 to $50T as the chart below shows:
So how is the US going to go from $32T to $50T in 3 years. Well, in the same way as bankrupt countries collapse with tax revenue falling precipitously and expenditure exploding.
THE ROAD TO PERDITION FOR THE US & THE WEST
As the value of the dollar collapses, think:
- Much higher war costs, social security, and pensions. As pension fund assets implode, there probably won’t be any pensions.
- Debt collapse both private and public with $2-3 quadrillion of derivatives turning into debt.
- All bubble assets of stocks, bonds and property, only held up by fake money, collapsing by 75-95% in real terms.
- Banks and financial institutions failing after initially having received $100s of trillions in printed, thus worthless, government support.
- With high inflation or hyperinflation, interest rates going to at least 20% or probably much higher. Financing a debt in the quadrillions at 20%+ will of course lead to even more money printing. The Fed and other central banks will clearly lose control of interest rates which will be determined by a market in panic..
WILL THERE BE A GLOBAL NUCLEAR WAR?
The US has at this point stressed that there will be no uniformed US military in Ukraine. Both Russia and Ukraine has lost around 150,000 soldiers each. The problem for Ukraine is that this is around 50% of their regular soldiers whilst for Russia it is 13%. Also, a major part of the weapons and ammunition from the West is not forthcoming or substantially delayed. There just isn’t the spare capacity available to fulfil those promises.
At this point, it looks like this war at best will be a very long drawn local conflict although Ukraine will find it difficult to sustain the war. In January 2022 the Ukraine population was 41 million and now 14 million are estimated to have left the country.
In a war of this nature between two super powers, it is impossible to forecast the outcome. An “accident” or false flag can easily trigger the start of a nuclear war.
Remember that this is a war between the US and Russia. So if there was a nuclear war, most missiles would be directed towards those two countries and potentially Ukraine.
But if the world will see a nuclear war, all bets are off since some parts of the world would then be destroyed for decades. Therefore, it is not worth speculation about.
WEALTH PRESERVATION & CBDCs
So assuming that this war remains a local conflict in Eastern Europe, how should people outside the war zone prepare financially?
Many countries are planing to introduce Central Bank Digital Money or CBDC.
As the current monetary system in the West collapses, CBDC will only be another form of fiat money. The worst part about it is the ability to spy on and control people that it gives governments. As Western governments’ finances implode, CBDC is the perfect system for the likely socialist or Marxist economies that many Western countries are likely to have.
For individuals who have the freedom to move, it would be preferable to leave the heavily indebted USA and Europe (especially the EU countries).
One country in Europe still stands out as probably the best in the world both politically, economically and socially. This is of course Switzerland.
Yes, I have skin in the game here! I am Swiss from birth and pleased that I am. I was born and educated in Sweden and also like Sweden.
But whilst Switzerland has remained a very sound country, Sweden has deteriorated dramatically. It now has one of the highest crime rates in Europe. As in the last 10-15 years Europe opened its borders for refugees from many poor and war struck countries, this has totally changed Swedish society.
There is nothing wrong with immigration. The world has always had migration. But until recent years, migrants had to look after themselves with no government subsidies. But in many countries in Europe and especially in Sweden, migrants arrive and get free housing and money to live. For many, there is no incentive to work and or to learn Swedish. Sadly an important percentage of men turn to crime and especially drug dealing. Fatal shootings between the immigrants are now happening daily in Sweden whilst 20 years ago, private weapons didn’t exist.
The best proof of a sound country and economy is the currency.
When I, as a younger man, came to Switzerland in the late 1960s, 1 Swiss Franc cost 1.10 Swedish Kroner. Today it costs 11.20 Swedish Kroner to buy one Franc. So the Krona has lost 90% in the last 50+ years.
The Swiss Franc has of course been strong against all currencies. The dollar for example has lost 80% against the Franc over 50 years.
THE SUPERIOR SWISS ECONOMY AND POLITICAL SYSTEM
But Switzerland has so much more than a strong currency and economy like:
- Low debt, normally no deficits
- Lowest crime rate in Europe and in the world (excluding some Middle East countries. It is one of the few countries where you can walk safely in any town at night.
- Rule of Law
- Direct Democracy allowing the population to have a referendum on virtually any topic. If the referendum is approved by a majority, it becomes part of the constitution and cannot be changed by government or parliament but only by another referendum. This is totally unique in the world.
- For example there will be a referendum on stopping Switzerland from becoming cashless
- Whilst all EU countries have decided to confiscate Russian assets, Switzerland has declared: “The expropriation of private assets of lawful origin without compensation is not permissible under Swiss law,” the government said on Thursday. “The confiscation of frozen private assets is inconsistent with the constitution,” it added, and “violates Switzerland’s international commitments”.
- The standard and quality of everything is very high, services, construction, communications etc
- Switzerland also has beautiful nature, and excellent food.
RISK OF WAR IN EUROPE
Some countries are worrying about a war in Europe. Except for a nuclear war which would be global, the risk of a war on the ground in Europe is in my view minimal.
Russia has been invaded many times with the most famous examples being Karl XII of Sweden in the early 1700s, Napoleon in the early 1800s and Hitler in the 1940s. But Russia has never made any serious invasion into Europe. Their interest lies primarily within their former empire. There was a brief entry into Finland at the beginning of WWII which lasted 3 months. Also at the end of WWII the Russians drove the invading Germans back to Berlin.
So in my view, there is absolutely no reason to fear a Russian invasion of Europe.
WEALTH PRESERVATION & GOLD
To protect your wealth against all the risks that I have outlined above is absolutely vital. Anyone invested in conventional assets like stocks, bonds and property, which have been artificially inflated by printing fake fiat money will in the coming 5+ years experience a major collapse of their wealth.
As I already said, for anyone who has the ability to move to a country outside the US and the EU, that would be the safest option. It is likely that these areas will have the biggest problems both in the economy and the financial system as well as socially. In that region, Switzerland will be an important exception.
Parts of South America like Uruguay should also avoid many of the problems in the West but sadly crime is high in many of these countries. Many Americans live in Central America but with the coming economic downturn, many countries will become less safe and also poor. In Asia, countries like Singapore and Thailand are very good but if there is a conflict between the US and China after a possible Chinese invasion of Taiwan, these areas could become more precarious.
The problem with Australia and New Zealand is that they are highly indebted with big asset bubbles, especially in property. The socialist policies are not a plus either. But the biggest risk is that a conflict in Taiwan could make these countries very risky with Chinese aspirations.
Many people are moving to Dubai today for tax reasons. Russians are moving there since Dubai doesn’t sanction them. The problem with the UAE is that conflicts in the Middle East occur with regular intervals.
For the ones who can’t move for job or family reasons, a second passport is advisable.
But the most important asset protection is having wealth preservation assets outside your country of residence.
There is no totally safe country today in an unsafe world.
For investors who want to preserve their wealth, the best asset is physical gold followed by the more volatile silver. Gold and silver shares have had a terrible 35 years but the good companies should perform spectacularly. Since most stocks are held by custodians within the financial system, they are not the same degree of wealth preservation as physical metals that you have direct control of.
So my own preference would be to own physical gold and silver that I have direct control of and can withdraw or sell with very short notice.
It is also important to deal with a company that can move your metals at very short notice if the security or geopolitical situation would necessitate it.
Our gold vault in the Swiss Alps is the biggest private gold vault in the world and is also nuclear bomb proof which is totally unique. This is for bigger investors. We also store gold in Zurich. Our second preference is Singapore with the reservations I have mentioned. We also have vaults in many parts of the world and as I have stated, this can be important if the situation in the world changes and the gold/silver needs to be moved.
The world is now moving towards troubled times.
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Example as to how screwed up the US economy is among other things : If Minimum Wage Kept up with government employee wages and benefits and Wall Street bonus payouts it would be around $85 bucks per hour !
$15 bucks per hour must have own transportation LMAO
Can someone speak to this important part of the calculus of future economics?
What happens in the next ~5 to ~20 years when EXCESS DEATHS due to the jabby-jabb get into the BILLIONS? What happens when people are REMOVED from the system at this rate? We’re already witnessing insurance companies having record payouts — do they go bust? Will this MASS EXTINCTION of HUMANS have a deflationary effect? Why is nobody doing this analysis??
Keep going. You’re almost at your very own answer!
people on the southern border are not being jabbed —
Because billions won’t die.
Admittedly this may be a dumb question but sell it to whom and what does one receive in exchange of the sale? Fiat currency? This is what I’ve never understood about the gold and silver people. How do they pay for anything?
To the people predicting 5 and 10 years out: Tell me what’s going to happen in the next 7 days with 80% accuracy and maybe, MAYBE, I’ll listen to your 5 to 10 year prediction.
Gold and silver have been the most basic form of currency for millennia. When the fiat reaches it true value of toilet paper your metals will still retain their values or increase greatly. In anyplace around the world a form of value exchange will appear, black markets etc. You will be able to exchange, barter, trade, to whatever you find agreement on.
Silver will trade for lower priced items, gold, higher priced items. These will always move upstream to the suppliers and ultimately the more wealthy people, who buy gold, real estate etc etc.
With nothing to trade of value what exactly do you think will be a trade worthy item you will barter with for food, fuel or even shelter?? Or will you be one of the thugs that will attempt to just steal, kill and rob others??
I wonder if, in the short term, a barter system will emerge using current mint nickel coins. Even the normies would instantly recognize them and are familiar with them, and they contain something of actual value: real nickel. Very quickly (within days), actual goods could be priced, e.g. a dozen eggs for 5 or 10 nickels, and it would be less nickels than nowadays dollars because not very much actual coinage is in circulation (scarcity). Such a system could also include pre-1982 pennies, but it is tedious to look at the date of mint every time. At least with nickels, they all contain the same amount of metal (or allegedly so).
This makes more cents than foil wrapped chocolate rounds. No one will take silver rounds. 1 Silver round = 3 tons of carbon emissions. That is your yearly allowance. Keep throwing your money on a pile of junk metal. The only people who can make that work have strong and I mean super strong hands, that have made it though to the other side. If you are posting here, this is not you. Even if you could trade your silver round, you will need more than 1 relic for every 5 Minutes of charging to drive around your 15 minute prison. It would be better to prepare to be a big fish in a small pond, than a little fish in a big pond. YMMV….
Yep. In the beginning of a collapse, trade will be anything people can trade for, off loading toys, and trinkets for whatever currency is still taken. When people can’t even give away their extra cars, motorbikes, SUV’s, exercise gear, golf clubs then others forms will appear. People will burn furniture and tear wood out of the walls to burn, to heat their hovels in the winter. Seen this done.
Imo, people will start looking for those metal currencies and metals from all sources. Scrap dealers will get real busy, even busier than now as people tear out the copper from their own buildings. Its easy to melt down copper/aluminum or nickel, into small ingots to reduce handling and carrying problems. This is what I see coming, things that people who’ve lived in relative opulence their entire lives have no understanding of whats coming. They don’t want to know.
I save nickels and pre 82 pennies,here is a cool little tool for melt values:
http://coinapps.com/nickel/us/calculator/
Another thing about coins I’ve wondered (and please correct me if wrong); they are not federal reserve notes. They are money minted by the treasury department.
Is it possible that coins in general will be worth “something” while paper simply burns?
Afternoon, pastor. The value of those coins (in the scenario you are envisioning) will be based upon their physical content (copper, silver, gold). That can be reliably calculated by the production dates from the issuing countries (in general and not including counterfeits). At least in the short term.
Farther out than that lies an entirely different conversation.
Go with God, brother.
Peer all the way back though recorded history and you will see that entire nations, whose monetary systems were based on gold and solver exchange, were destroyed by money lenders who controlled the systems of credit…ie. usury . WTF makes you thinks modern morons blabbering on muh money backed by gold will be any different.
“If you don’t know history, then you don’t know anything. You are a leaf that doesn’t know it is part of a tree. ”
― Michael Crichton
Philip II: (1527-1598)
William Thomas Walsh
“It did not occur to the kings that if the money-lenders ever got
power enough, if they ever got from under the public-spirited
repression of the Church, they would destroy their own masters.
Kings were not generally as far-sighted as money-changers, and
much less so than priests. This is not to deny that clerics sometimes
condoned usury and profited by it, or that some kings repressed it.
Human affairs are never so simple as that. But there was a line of
cleavage: the Church on one side hostile to usury, the kings
compelled to make use of it on the other.
As the moral influence of the Church was weakened in the
political and economic spheres, in consequence of a series of
calamities for which she was not to blame—the Black Death, the
papal exile at Avignon, the Great Schism, the return of paganism
with the Renaissance—usury began to accumulate wealth and to
organize its influence. With canny insight it threw its influence, by
and large, against the power of Church and State, supporting now
one, now the other, until, by a see-saw process, it succeeded in
weakening both.
It early identified itself with the forces of heresy in religion and
liberalism in politics, until Protestantism at last gave money-lending a certificate of respectability, until a Lord Bacon could write a serious defense of it, and Harrison (in Holinshed) must chronicle the capitulation of the new Protestant England to “usury, a trade brought in by the Jews, but now perfectly practised almost by every
Christian, and so commonly that he is accompted but for a fool that
doth lend his money for nothing.”5 ”
https://libgen.is/book/index.php?md5=1889B28539B7506D637C3D5605BFD2A0
“ World War II ended the “depression.” The same Bankers who in the early 30’s had no loans for peacetime houses,food and clothing, suddenly had unlimited billions to lend for Army barracks, K-rations and uniforms! A nation that in 1934 couldn’t produce food for sale, suddenly could produce bombs to send free to Germany and Japan!… Germany issued debt-free and interest-free money from 1935 and on, accounting for its startling rise from the depression to a world power in 5 years. Germany financed its entire government and war operation from 1935 to 1945 without gold and without debt, and it took the whole Capitalist and Communist world to destroy the
German power over Europe and bring Europe back under the heel of the Bankers. Such history of money does not even appear in the textbooks of public (government) schools today. ”
Sheldon Emry
Billions For Bankers, Debts for the People
https://archive.org/details/Billions20for20the20bankers
Stalin’s War
Sean McMeekin
Why shooting Germans was US Treasury business was not
obvious. Nonetheless, that this was considered Treasury business
by summer 1944 is clear in the historical record. Somehow, in the
aftermath of the Allied landings at Normandy, which brought the
prospect of Germany’s final defeat in sight, a long-running policy
discussion in the Treasury on how to administer the German
economy after the war morphed into an open-ended revenge
fantasy. During the same meeting at which he and White spoke of
death quotas for captured Germans, Morgenthau also proposed “the
complete shut-down of the Ruhr [industrial area]” in terms clearly
designed to inflict maximum human suffering: “Just strip it. I don’t
care what happens to the population.… I would take every mine,
every mill and factory and wreck it… steel, coal, everything. Just
close it down. I am for destroying it first and we will worry about the
population second.… Why should I worry about what happens to [the
German] people?”3
https://libgen.is/book/index.php?md5=58D31575B1F90D1F9525FA87C03A56DE
flash,
how do you define usury,both in ancient times & in modern times?
Hold on to your paper if you believe in it. Have fun with that.
Who said anything about paper , jackass ?
If you need any supplies after SHTF I’ll be glad to take your gold in trade…
Yo ho! Yo ho! I’ll trade my lead for gold!
Save your supplies dumbass, you’re going to need them.
Well I got the house sold, in a day. I got out from under a $200K mortgage balance and was a cash buyer on a smaller place. I have two paid off cars, money in the bank, silver, cash, food storage and soon gold. I don’t have a real garden any more to grow food but I’ve done the best I can with what I have.
Spent a little to get things repaired and replaced too. I think it’s a good time for that.
Hope you got settled into a smaller town and not a city.
Good for you Kad!
Congrats!
Get yourself a silver dollar. Then get around 50K rounds of ammo to protect it.
And a kilo of pure meth to keep you awake to shoot the silver thieves.
Not a drug person of any type…but I do have many of these for long nights of self-defense (also less expensive).
To the Chinese, US hegemony is anything that interferes with their agenda and goals.
January 2022 the Ukraine population was 41 million and now 14 million are estimated to have left the country.
Remember this later, when the war crimes trials over all the “murdered” (migrated) civilians start.
Global debt is just digits on a computer, doesn’t mean jack shit and has no role in collapse of western society. Western civilization is collapsing because virtue signaling milquetoast churchians lack the guts to stand for their culture, traditions, values , faith and family. If none of the usury created fake debt was ever repaid to the nefarious vermin who create it, life would go on and people would continue to produce and prosper, but continue to deny Christ, your nation , traditions, culture and values and all the shiny gold in the world won’t save you. …so enough with the gold is money , bullshit. It’s just a major distraction from Christ is King and the path to beco9ming one nation under God, again.
Christ is an absolute. Gold is a construct. One is good for eternity…the other is good for only a short diversion.
The only path forward.
“All within Christ, nothing outside of Christ , nothing against Christ.”
“Untouched by the breath of God, unrestricted by human conscience, both capitalism and socialism are repulsive.” — Aleksandr Solzhenitsyn
“People who will not turn a shovel of dirt on the project, nor contribute a pound of material, will collect more money, from the United States, than will the people, who supply all the material and do all the work. This is the terrible thing about interest (usury) … But here is the point: If the nation can issue a dollar bond, it can also issue a dollar bill. The element that makes the bond good, makes the bill good, also. The difference, between the bond and the bill, is that the bond lets the money-broker collect twice the amount of the bond, and an additional 20%. Whereas the currency, the honest sort, provided by the Constitution, pays nobody, but those, who contribute in some useful way. It is absurd, to say that our country can issue bonds, and cannot issue currency. Both are promises to pay, but one fattens the usurer and the other helps the people. If the currency issued by the people were no good, then the bonds would be no good, either. It is a terrible situation, when the Government, to insure the national wealth, must go in debt and submit to ruinous interest charges, at the hands of men, who control the fictitious value of gold. Interest is the invention of Satan.” Thomas A. Edison
The genius of the bankman is to live off people; not off land, nor off the production of commodities from raw material, but off people. Let other people till the soil; the bankman , if he can, will live off the tiller. Let other people toil at trades and manufacture; the bankman will exploit the fruits of their work. That is his peculiar genius. If this genius be described as parasitic, the term would seem to be justified by a certain fitness.
Henry Ford
(The International Bankman , November 13, 1920)
SIR JOSIAH STAMP, (President of the Bank of England in the 1920’s, the second richest man in Britain)
“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 deposits, and with the flick of the pen, they will create enough deposits, to buy it back again. However, take it away from them, 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 deposits.”
Who knew Henry Ford , you and I had so much in common ? I have often beleived it entirely possible that an ounce of gold could have less value than some bags of beans , flour and rice ,under just the right circumstances . Dont even get me started on the whole usury and God portions of your comment . Excellent post !
Flash you’re posting some incredibly thought provoking quotes , thank you.
21 Goals of the Illuminati and The Committee of 300
By Dr. John Coleman.
A select few.
9. To cause. by means of limited wars in the advanced countries, by means of starvation and diseases in the Third World countries, the death of three billion people by the year 2050, people they call “useless eaters”. The Committee of 300 (Illuminati) commissioned Cyrus Vance to write a paper on this subject of how to bring about such genocide. The paper was produced under the title “Global 2000 Report” and was accepted and approved for action by former President James Earl Carter, and Edwin Muskie, then Secretary of States, for and on behalf of the US Government. Under the terms of the Global 2000 Report, the population of the US is to be reduced by 100 million by the year of 2050.
11. To keep people everywhere from deciding their own destinies by means of one created crisis after another and then “managing” such crises. This will confuse and demoralize the population to the extent where faced with too many choices, apathy on a massive scale will result. In the case of the US, an agency for Crisis Management is already in place. It is called the Federal Emergency Management Agency (FEMA), whose existence I first enclosed in 1980.
16. To cause a total collapse of the world’s economies and engender total political chaos.
worldtruth.tv/illuminati-leak-current-membership-of-committee-of-300/?amp=1
I was pondering,if one enjoys drinking how much whiskey should one buy to last say……..,eh,ten years or so?
Asking for a friend.
James…Happy belated birthday. Hope you got some good whiskey.
Buy a 10 gallon still and make your own… 😉
I’m downsizing, pastor. Making wine in 3 gallon carboys now. But…when you run it through the still? Ooh la la!
👍👍
A few cases of Russian vodka might be a wise thing to keep readily available for emergencies or as an investment. Don’t forget your mixers.
Done.
Egon touting the stability of Swiss banking doesn’t explain why the FED had to bail out the Swiss National Bank to the tune of $11 Billion a few weeks ago…makes the little gold pushing gnome seem mercenary.
This will have longer effects than 10 years.
‘Destroying the Factory of Masculinity’: Reduced Sperm Motility and LNPs in the Testes
@VigilantFox
10 more, or just 7 more on top of the last 3?
(Hmmm…One of the carneys just fell off its perch).
UH! OH! The crypto collapse has reached the real financial system
https://www.theverge.com/2023/3/4/23623964/crypto-silvergate-bank-run-stablecoins-dollars
One man’s viewoint:
canaries?
Stupied computeter.
blackstone has defaulted on a huge commercial mortgage fund & has banned redemptions until further notice —
https://www.blacklistednews.com/article/84163/blackstone-defaults-on-562mm-cmbs-as-it-keeps-blocking-investor-withdrawals-from-71bn.html
This is an interesting read. Obviously the author is very intelligent. Nevertheless he throws some figures around with out any reference to what he is basing his statement(s0 on. He says both Ukraine, and Russia, have lost 150,000 personnel in the Ukraine conflict. This is doubtful as Russia has, until recently not had enough troops in Ukraine to suffer that type of loss, and remain viable. I believe there is much truth in what the author claims, yet because of some of his unverified pronouncements his opinions should be given intense scrutiny.
The problem with AG and AU is this. Where is all this supply coming from? I used to be a bug myself. The supply has been tight for over a decade. Yet, the supply keeps coming. Non-Nato countries are buying. Wealthy individuals are buying and have been buying. Poor slave wage guys are buying. Everyone is buying. But the supply keeps coming and coming. I’ve had many tests done and can verify that .9999 coins and bars are what they state they are. And yet there is more and more. Skids going out of it everyday. Small and medium business owners buying daily, running out of safes to put it in. Bitcoin bugs, Peter Schiff followers etc. People turning their 401k’s into precious metals. Iron dome missiles, electronics, medical devices, toilets and picture frames. Most metal flees before war and N. American CBs have basically none and have had none for years. Just where is this supply coming from? The Hunt Brothers?
excellent question.
Babble- Here is why you should have bought AG and AU 20 years ago (or more).
Since 1978, the cost of:
*College tuition has increased by 1280%
* Medical care has increased by 600%
* Housing cost has increased 380%
Meanwhile, the pay of:
* The pay of a typical worker has only increased by 10%
* The pay of a minimum wage worker fell by 5.5%.
* The income of average CEO’s increased by 937%
When the deck is stacked that badly against you , you need to hedge. Or figure out how YOU can become a CEO. 🙂
Here is why you shouldn’t be holding any now. 1 Oz of silver vs eggs.
2021 avg. price $25.14 dozen eggs avg. price $1.72
2023 avg. price $22.76 dozen eggs avg. price $3.30
In 2021 you could buy with one ounce 14 dozen eggs.
In 2023 you can buy with one ounce 6.8 dozen eggs.
How come a tight supply of eggs makes the price go up? + bare shelves
How come a “tight supply” of ag or au makes the price go sideways? + Minor delay, orders filled.
BL, historically you are correct. But isn’t it obvious they will rig the metals market until cbdcs are in place? Then it will be decreed illegal to own metal for the benefit of the community… and racist. As I pointed out 1 ounce of silver = 3 tons of carbon emissions= yearly allowance.
And where is all this supply coming from??
How many more boating accidents till its all at the bottom?
“And where is all this supply coming from??”
there are huge amounts of metals in the ground on govt land out west —
i have been saying 4 years that our govt should mine those lands with military men who have no clue where they are & the gold be placed in ft knox so that skeptical foreign govts can verify that we have all the gold we claim —
after the gold has been verified we have brokers buy our t-bills & notes so that we eventually pay off our debt —
perhaps .gov has taken the 1st part of my idea but is just selling off what is mined?
Sure, I mean it is coming from somewhere. And as you say it would then be off yearly mining totals(unreported). I mean the Gov’t wouldn’t lie would they? Like diamonds are rare worldwide, except for the literal diamond mountain in Russia….
How many Paper buyers of metals are Rehypothecated with the same Serial Number in Ft. knox. Thanks Tampa Red, that is a definite possibility source of supply. Catherine Austin-Fitts has mentioned a hidden supply before. But then that makes metals not so rare. Repricing would be downwards, if there is a mountain of metal and a mountain of fake money they are both worthless. How many people are right now producing 100% of their own food? How many will be giving away relics for food this summer? Maybe that is starting to happen now. How many people are stacking for future purchase of food that won’t be produced or available, at any price?
Babble- Underground market does not give a shit what (((they)))have declared. If I buy food from another person with .999 fine silver, (((they))) don’t know I bought the food. At some point they have to bust the dollar after it flames out, during that period your property tax and mortgage can be satisfied for payment with AU while others can’t scrape up the USD’s. That is a hedge, always hedge against bankster tricks.
I DON’T have to surrender my metals , I can keep them if they dictate turning in gold for currency. It will be a short window between USD/paper and digital CBDC. Too bad mine were lost in a pontoon boating accident. 🙂
PS: The price of eggs is not set every morning in the City of London by the Rothschilds. We bought eggs for $2.99 @ doz. a week ago at Aldis. We usually have WF deliver them for $3.29 @ doz. I can buy chickens and get eggs for free if I feed the chickens scraps.
PSS: Why do you give a crap about carbon emissions? I find that whole charade insulting when you consider the excesses of the architects of that f’n farce.
Hey BL “Why do you give a crap about carbon emissions?”-BabbleOn
Answer:
90% of people just voted with their shoulder that they will do whatever they are told.
Those 90% of people are about to experience starvation on a level not seen for years.
Those 90% of people wanted to stick (((free willed people))) in camps for a cold.
100% of those people will do everything in their power to ensure CBDC’s occur, are enforced. They have and have been accounting and inventorying anything and everything for the last ten years. Look up your town resources agenda 2030. Nobody has any secrets. We are in a surveillance state. The world is essentially fully in private hands.
They locked us down. Anyone moving stuck out like a surfer on the beach. No one produced their own food. They lined up like chattle putting duncecap masks on. Just for TP.
We didn’t even deploy drones here and people complied. For Years! They are still doing it!!
They will have no problem putting in a CBDC(Shisedollar) and enforcing carbon credits.
Sorry about your boating accident lol 😉
Again, I don’t have to play that game. You are free to conform and live in a 15 minute city. Would you really let them lock you in a sector? It won’t work, just like I wasn’t locked down during Covid reality theater. Learn to become invisible Babble. Stop worrying about people who want to be herded.
SWAPWWTBH- You are right on that my friend.
My wife read me a quote today about 15 minute cities.
We had yet another discussion about what we believe is really going on in the world, how we are standing, living, and if/when necessary how we will die.
It was a beautiful sunny warm day here…and we spent the afternoon at the pond (her father lives with us and he is recovering quite well from scalp cancer surgery and was in good spirits).
We had a picnic, a couple of cold beers each, played with our entertaining puppy…fed the ducks, and laughed loud and often.
Piss on these doomed Luciferians and all their demonic threats!
HA!
It is what politicians do. They can’t resist giving away free shit to promote themselves. Taxing is unpopular so they just print the money. That is just the way it is.