Tag: 2020 Crisis

2020: The Gossamer Light of Tyranny

Guest Post by niebo

It appears that we, as a nation, have lost the security of our elections (thus, the sanctity of our elections), that we have lost the integrity of the courts to uphold the law of the land, and the two losses together render said law, the Constitution for the United States, null and void. Without faith in our elections and without faith in our judiciary, for all of our love of freedom, there is no hope for justice, no hope for the lawful representation of the will of the people. The contract is breached. Lawlessness has triumphed and corruption, conquered, and in this year of magnificent loss, it is clear that, chief amongst all others, we have lost our Republic.

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Get Ready: The World is About to Need You.

Via International Man

Doug Casey’s Note: Matt Smith is a friend of many years now. A first rate businessman and general stand-up guy. I’ve found we think very much alike on almost everything. It was only last week we were discussing (by phone, since I’m currently in Uruguay), what the consequences of “The Virus” might be.

What follows is excellent advice. And we’re just starting to see the secondary and tertiary knock-on effects of this hysteria…

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By Matt Smith

We could have done better preparing. We could have responded quicker, communicated better, and pointed fingers less.

None of that matters now.

We need to put that behind and focus on the coming weeks and months. Hopefully you’ve taken some action to physically prepare yourself.

Now it’s time to get your head on straight. You need to get mentally ready for what’s coming.

The stoic philosopher Epictetus encourages us to use negative visualization to mentally prepare ourselves for the hardships in life. Focusing on the negative goes against our “living your best life” culture. But, it works.

And it’s a tool you’re going to need.

By negatively visualizing the worst outcomes, you prepare yourself to stand up when the world needs you.

The Hardships We Must Face

So let’s focus on some of those negative things for a moment. To some degree, these things will impact your life. There’s no way out. There is only through.

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Strength and Weakness

Guest Post by Jim Kunstler

Happy Colorectal Awareness Month, everybody — in case you’re wondering why it feels like fate shoved a four-by-four up your nether region where the sun don’t shine. Millions around the country must be stunned at how bad this suddenly is. And every new morning seems worse than the last: Friday the Thirteenth meets Groundhog Day. Jobs and incomes instantly gone. Businesses staring into the abyss. Retirements vaporizing. Everyone stuck home alone with nothing to think about but going broke and hungry. And the final indignity: the possibility of death if you stray outside to get something you need, or just seek the comfort of other people.

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What Happens when the People are Confronted by a Government Financial System that Crumbles before their eyes?

Guest Post by Martin Armstrong

Congress has been out to breakfast, lunch, and dinner. The national debt keeps growing reaching around $23 trillion, yet Congress as an institution points fingers across the aisle toward the other party to always find a scapegoat. Both parties share the blame and neither party is ever interested in even discussing the problem no less listen to any possible solution. Congress is literally out of order. It is just broken and is beyond repair. Congress passes measures to make it sound like they are addressing the problem, but when it actually impacts spending, like the spending caps, they suspend the measure quietly behind the curtain. Congress refuses to confront the issue of debt and politicians simply run always promising more goodies if you vote for them.

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What Everyone Needs to Know About the Financial and Political Turmoil Right Now

Via International Man

International Man: What types of risks — financial or otherwise — should people be aware of today?

Jeff Thomas: Well, much of the former free world, as we once knew it, is on the verge of collapse economically.

You have the U.S. after World War II suddenly taking over the world in production, and they were the future. A lot of countries got onboard: Europe, Canada, Australia, Japan. All those countries got on that particular train and did very well.

But the U.S. went from being the greatest nation in the world in terms of manufacturing to losing almost all of that and became the foremost debtor nation in the world. Now, the U.S. is in financially a worse place than possibly any country in the world. It’s just that whatever collapse is going to occur, it hasn’t happened yet.

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NO ONE GETS OUT OF HERE ALIVE (PART TWO)

In Part One of this article I exposed the numerous false narratives being peddled to the masses, as this Fourth Turning is entering the intense phase headed towards an unknown climax.

I’ve been expecting the next shoe to fall in this Fourth Turning for years, but the financial elite have pulled the debt levers to keep the Ponzi scheme alive far longer than a reasonable person would expect. We are only six weeks into 2020 and it seems like a year’s worth of major events have already occurred. The year started with the assassination of Qasem Soleimani in Iraq.

For the next week the world was awash in rhetoric about World War III and possible revolution in Iran. Accusations of Trump using the Wag the Dog method to deflect the negative press from the impeachment hearings were rampant among the half of the country that despises Trump. Soleimani was lauded as a hero by the left and a terrorist by the right. Now, the entire episode seems like ancient history, as more interesting squirrels have arisen for the propaganda media to chase.

The entire month of January was occupied by the ongoing coup/impeachment against Donald Trump. Schiff, Nadler and Pelosi doing their best impression of the three stooges, conducted a laughable prosecution in the House, revealing this was nothing more than a desperate attempt to avoid losing to Trump in a November landslide. The predictable trial in the Senate resulted in an acquittal and Trump’s popularity soaring to all-time highs, as independents realized the Democrats misused the power of impeachment for purely political purposes. Trump’s SOTU address infuriated Pelosi to such an extent it provoked her into acting like a petulant child, tearing up the speech. Future campaign ads wrote themselves.

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Crisis-O-Rama

Guest Post by Jim Kunstler

All of a sudden, events are looking a bit fluxy out there, as though the world is shuddering through some spooky ch-ch-ch-changes, like a monster waiting to be born, with strange convergences of ecology, politics and economy, and there’s only so much you can do to prepare, really. Criticality is in the air!

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Mauldin: A Crisis Has Already Begun… We Just Don’t Know It Yet

Authored by John Mauldin via MauldinEconomics.com,

Let’s address an elephant in the room: the rapidly expanding federal debt. Each annual deficit raises the total debt and forces the Treasury to issue more debt, in hopes someone will buy it.

The US government ran a $343 billion deficit in the first two months of fiscal 2020 (October and November), and the 12-month budget deficit again surpassed $1 trillion. Federal spending rose 7% from a year earlier while tax receipts grew only 3%.

No problem, some say, we owe it to ourselves, and anyway people will always buy Uncle Sam’s debt. That is unfortunately not true.

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