The only prediction I take heart in is that most predications won't materialize. What we don't know - which is a lot - is always missing from them.
Not to say we aren't looking at looming problems and potential global financial collapse. Or that we shouldn't take whatever steps we can to soften it. I'm all for that.
What I am saying is that communities can find ways to support each other and use their own form of money to do it. In the midst of collapse there are already new systems coming into play and that will only continue.
We existed prior to all systems and while we've forgotten a lot, when the context changes radically (the world that is) a new context will generate all kinds of solutions we don't yet see.
Not saying the transition will be easy, not saying we won't witness panic and brutality either. We've already seen it - but the shift is towards more of us seeing the chains that have kept us tethered to a manufactured reality that served a small group. We don't yet know what that kind of change will bring. Surely some of it - inspired by the spirit of freedom itself - will be very positive.
Watch for a failed treasury auction. Bond and T-bill Buyers will begin demanding ever-higher interest rates, and soon thereafter, they'll just stop buying. They'll be more worried about the return *of* their money than the return *on* their money.
At that point, the Federal Reserve Bank will start buying ever-more T-bills and bonds with money created out of thin air -- they just create a journal entry for the Treasury. That will be the beginning of a vicious inflation spiral. Ask Venezuela and Argentina, and read about the old Weimar Republic.
Watch Javier Milei (may God protect him), who is trying to fix Argentina's runaway inflation program. He quotes all the authors I've always admired, like Friedman, Hayek, von Mises, and others. I read every article on Milei's moves. As he ends his speeches: "Liberty, damn it!" He freely warns how painful the changes will be.
I too have met with David Schweikert, who really understands finance -- I believe I still have videos that I made of his educational talks on debt from ~2011-2013. They were excellent. I'd love to make a video of him in front of a magnetic white board with a list of the 630 federal agencies and departments. Like Javier Milei, has done, he could read the agency name, tear the tag off the board & throw it away shouting "AFUERA!" with each tag he tears off.
Chris is right -- if we can't get some adult supervision in charge of our runaway federal government, our debt will crush us all.
At some point in the last decade, they began calling my Social Security THAT I INVESTED IN AND PAID FOR an 'entitlement.'
Either I paid for it, or it was an illegal tax.
My suggestion as a start to move back towards solvency for our nation (in my wonderful naivety) is to slash that which occupies over 50% of our discretionary spending -- the military budget, and begin to act like a nation that is a part of the world, not in charge of it.
What does one do when they find themselves too dispersed? They reel themselves back in. Like 800 military bases around the world. Like hands in the pot of every nation in the world. Take half that budget and invest it domestically. The rest - refund it or pay down the debt.
Will we become unsafe? We will reap what we have sowed.
Maybe we'll have to take some lumps. Or maybe we will be treated with a compassion that we have long withheld from other nations.
Maybe they'll be relieved that the bully has a broken leg and is in the hospital. Maybe we'll begin to move towards healing our traumas.
Or, more likely, we'll just keep running toward the cliff. And the rats will continue fleecing everything left of value before they depart the sinking ship.
Or maybe something else no-one thought of before will happen.
This is the biggest deception the government is desperately trying to hide. Sure they produced Covid, sure the vaccine killed 17 million, they tell you you’ll have nothing and like it, really they’re not lying about that. We have nothing right now. I think of the movie of a farm house out in the middle of no where, but there’s a well, there’s food, there’s horses or animals to eat. There may be silver coins. Whatever it is there are gangs of bandits or IRS agents and they are not going to leave you the f- - - alone without taking what you have. In my town they just brought in 20 more bus loads of illegals. That makes almost 200 families. They get 3 free meals a day, free housing, free medical, free dental, free transportation, free heated pool, free gym, etc.. I know a lot of towns people that say taxes are going up
25% this year. I can’t afford to pay $1200- - per month so these people can get free meals prepared and delivered by a chef while they laze around the heated pool at the Marriott. If I were to guess if this continues until 2030 I will be shocked. With all the New Democrat gang members being deposited all over the US things are going to fall apart faster than anyone thinks. I don’t think having a secluded piece of land will keep you safe from the barbarians. At least not without a lot of arms and ammunition. J.Goodrich
Truthfully, the whole system is tied together. Immigration, national and state sovereignty, the stability of our society, and our national defense. It isn’t the debt or the unfunded liabilities, if one thing goes, everything goes. The country fails, and the survivors need to rebuild.
If you believe there will be an economic collapse, all fiat currency will become worthless, and government services will cease, but you want more than a bare subsistence lifestyle, then you'll need a network of people who specialize in producing the sorts of goods and services you currently consume and who are willing and able to trade whatever they produce for the products of your labor. Unless you'd be satisfied with an inefficient barter system, you'll need some medium of exchange. The most generally-acceptable such medium would probably be some precious metal or combination of such metals, such as gold and silver coins.
And today BTC is creeping closer to its past all time high in fiat currency. When unlimited money not backed by anything can be created in an unlimited way…well, the recent comment I believe I heard from President Bukele here (and it may have been someone else)…that taxes are actually simply intended as a ploy to keep a population feeling like they are doing something, have some control or say when it comes to money. Meanwhile, money can be created in many ways. Creating money out of thin air depletes people’s capacity to purchase things with whatever they try to save or buy. So everyone owes 1M in 2030. That is 1M pieces of paper and what does it buy in 2030? All these scary numbers are focused on the value of a dollar which is a piece of paper not backed by anything but willingness to use them and belief. There is no accountability. 1 million dollars sounded like a lot 40 years ago, I heard my 14 year old nephew make a comment about house prices in California. Something was ONLY 1million dollars. I believe a house we bought when I was first married for $275K in 1989 recently was valued over 2M. Honestly, I think I heard 3… So when we talk in terms of “oh no, everyone will owe 1M in 2023….” What does that even mean? What will the money buy? What will people be earning? I like your idea of land. And is everyone ready to farm? Is that what is necessary? I hope not. I hope Bitcoin does what I feel it can and solves these issues. It will be very interesting to see what happens as certainly, it is clear the current system is unsustainable.
Considering the clown show that was the fake covid pandemic, I don't believe these idiots planning everything know much about how the world works. They are indoctrinated to be agenda driven and usually miss all the unintended consequences waiting to foil their silly plans.
What mainly fueled their agenda was people going off the deep end as fear become their daily regimen. People we just too scared to shut of the TV news and ignore social media. Many believed they were gonna die from some hidden virus and they wanted to know when.
No doubt, a reckoning is coming as the deficit makes new highs every second of every day. Since the creation of the Fed some 110 years ago, the monetary system has been like a coiled spring growing ever so taut and twisted due to manipulation and central planning all to keep the top 3% well above water.
That spring is either going to go snap back in a big way or crack to shreds due to being rusted through. It's easy to get hung up in the doomsday scenario. Fear sells, unpredictability sells and everyone is looking to the pretend experts for answers. They will never be found in the DC Swamp, that's for sure or on Wall Street as they bums always look out for themselves before anyone else.
You of little faith. Chris, you obviously have not heard of or have and chose to ignore the pending law suit against Congress by the States in the coming weeks. This is the culmination of the Article V, clause two, effort to put history and truth into perspective again. Since 1908, the states have met or surpassed the Article V threshold of 2/3 valid state applications to meet five times. The last was in 1979 when 39 (of 34) valid apps existed. UT and AZ have recently agreed to file in federal court after one more state joins. This is not searching for any more valid application; it's been met and time to take legal action against Congress ignoring its Constitutional duty. Please contact me or David Leeper for more. This is the first step in the return of our Nation to God and to the consent of the governed. Mike Kapic
I get that. It seems there is something in the water that dulls the thinking in everyone. Could it be the magic electronic box we carry around as if it beats our hearts?
The fiscal idiocy which you mention here cannot be an overlooked issue from those holding the State’s bank card. ("Oops…I have made a small error here," they sometimes say to themselves.) It must be in place very intentionally! They are borrowing money and spending it as if they know it will not be required to be paid back. That cannot be done unintentionally in the scope of the present practices. The only question is, what do they know that they are not telling us?
That is what I think, anyways. People CANNOT be that foolish, can they?
The only prediction I take heart in is that most predications won't materialize. What we don't know - which is a lot - is always missing from them.
Not to say we aren't looking at looming problems and potential global financial collapse. Or that we shouldn't take whatever steps we can to soften it. I'm all for that.
What I am saying is that communities can find ways to support each other and use their own form of money to do it. In the midst of collapse there are already new systems coming into play and that will only continue.
We existed prior to all systems and while we've forgotten a lot, when the context changes radically (the world that is) a new context will generate all kinds of solutions we don't yet see.
Not saying the transition will be easy, not saying we won't witness panic and brutality either. We've already seen it - but the shift is towards more of us seeing the chains that have kept us tethered to a manufactured reality that served a small group. We don't yet know what that kind of change will bring. Surely some of it - inspired by the spirit of freedom itself - will be very positive.
Thank you. Best.
Watch for a failed treasury auction. Bond and T-bill Buyers will begin demanding ever-higher interest rates, and soon thereafter, they'll just stop buying. They'll be more worried about the return *of* their money than the return *on* their money.
At that point, the Federal Reserve Bank will start buying ever-more T-bills and bonds with money created out of thin air -- they just create a journal entry for the Treasury. That will be the beginning of a vicious inflation spiral. Ask Venezuela and Argentina, and read about the old Weimar Republic.
Watch Javier Milei (may God protect him), who is trying to fix Argentina's runaway inflation program. He quotes all the authors I've always admired, like Friedman, Hayek, von Mises, and others. I read every article on Milei's moves. As he ends his speeches: "Liberty, damn it!" He freely warns how painful the changes will be.
I too have met with David Schweikert, who really understands finance -- I believe I still have videos that I made of his educational talks on debt from ~2011-2013. They were excellent. I'd love to make a video of him in front of a magnetic white board with a list of the 630 federal agencies and departments. Like Javier Milei, has done, he could read the agency name, tear the tag off the board & throw it away shouting "AFUERA!" with each tag he tears off.
Chris is right -- if we can't get some adult supervision in charge of our runaway federal government, our debt will crush us all.
At some point in the last decade, they began calling my Social Security THAT I INVESTED IN AND PAID FOR an 'entitlement.'
Either I paid for it, or it was an illegal tax.
My suggestion as a start to move back towards solvency for our nation (in my wonderful naivety) is to slash that which occupies over 50% of our discretionary spending -- the military budget, and begin to act like a nation that is a part of the world, not in charge of it.
What does one do when they find themselves too dispersed? They reel themselves back in. Like 800 military bases around the world. Like hands in the pot of every nation in the world. Take half that budget and invest it domestically. The rest - refund it or pay down the debt.
Will we become unsafe? We will reap what we have sowed.
Maybe we'll have to take some lumps. Or maybe we will be treated with a compassion that we have long withheld from other nations.
Maybe they'll be relieved that the bully has a broken leg and is in the hospital. Maybe we'll begin to move towards healing our traumas.
Or, more likely, we'll just keep running toward the cliff. And the rats will continue fleecing everything left of value before they depart the sinking ship.
Or maybe something else no-one thought of before will happen.
Are familiar with Karl Denninger and the Market Ticker blog? He was talking about all of this during the peak of madness in late 2007 through 2009.
This is the biggest deception the government is desperately trying to hide. Sure they produced Covid, sure the vaccine killed 17 million, they tell you you’ll have nothing and like it, really they’re not lying about that. We have nothing right now. I think of the movie of a farm house out in the middle of no where, but there’s a well, there’s food, there’s horses or animals to eat. There may be silver coins. Whatever it is there are gangs of bandits or IRS agents and they are not going to leave you the f- - - alone without taking what you have. In my town they just brought in 20 more bus loads of illegals. That makes almost 200 families. They get 3 free meals a day, free housing, free medical, free dental, free transportation, free heated pool, free gym, etc.. I know a lot of towns people that say taxes are going up
25% this year. I can’t afford to pay $1200- - per month so these people can get free meals prepared and delivered by a chef while they laze around the heated pool at the Marriott. If I were to guess if this continues until 2030 I will be shocked. With all the New Democrat gang members being deposited all over the US things are going to fall apart faster than anyone thinks. I don’t think having a secluded piece of land will keep you safe from the barbarians. At least not without a lot of arms and ammunition. J.Goodrich
Truthfully, the whole system is tied together. Immigration, national and state sovereignty, the stability of our society, and our national defense. It isn’t the debt or the unfunded liabilities, if one thing goes, everything goes. The country fails, and the survivors need to rebuild.
If you believe there will be an economic collapse, all fiat currency will become worthless, and government services will cease, but you want more than a bare subsistence lifestyle, then you'll need a network of people who specialize in producing the sorts of goods and services you currently consume and who are willing and able to trade whatever they produce for the products of your labor. Unless you'd be satisfied with an inefficient barter system, you'll need some medium of exchange. The most generally-acceptable such medium would probably be some precious metal or combination of such metals, such as gold and silver coins.
And today BTC is creeping closer to its past all time high in fiat currency. When unlimited money not backed by anything can be created in an unlimited way…well, the recent comment I believe I heard from President Bukele here (and it may have been someone else)…that taxes are actually simply intended as a ploy to keep a population feeling like they are doing something, have some control or say when it comes to money. Meanwhile, money can be created in many ways. Creating money out of thin air depletes people’s capacity to purchase things with whatever they try to save or buy. So everyone owes 1M in 2030. That is 1M pieces of paper and what does it buy in 2030? All these scary numbers are focused on the value of a dollar which is a piece of paper not backed by anything but willingness to use them and belief. There is no accountability. 1 million dollars sounded like a lot 40 years ago, I heard my 14 year old nephew make a comment about house prices in California. Something was ONLY 1million dollars. I believe a house we bought when I was first married for $275K in 1989 recently was valued over 2M. Honestly, I think I heard 3… So when we talk in terms of “oh no, everyone will owe 1M in 2023….” What does that even mean? What will the money buy? What will people be earning? I like your idea of land. And is everyone ready to farm? Is that what is necessary? I hope not. I hope Bitcoin does what I feel it can and solves these issues. It will be very interesting to see what happens as certainly, it is clear the current system is unsustainable.
Chris
Argentina has been through the bankrupt cycle many times
Currently their president is trying a libertarian method of resetting their economy out of the spend/tax/spendmore cycle
I hope they can do it!
Tulip bulb crazed scenarios everywhere
Jon
Considering the clown show that was the fake covid pandemic, I don't believe these idiots planning everything know much about how the world works. They are indoctrinated to be agenda driven and usually miss all the unintended consequences waiting to foil their silly plans.
What mainly fueled their agenda was people going off the deep end as fear become their daily regimen. People we just too scared to shut of the TV news and ignore social media. Many believed they were gonna die from some hidden virus and they wanted to know when.
No doubt, a reckoning is coming as the deficit makes new highs every second of every day. Since the creation of the Fed some 110 years ago, the monetary system has been like a coiled spring growing ever so taut and twisted due to manipulation and central planning all to keep the top 3% well above water.
That spring is either going to go snap back in a big way or crack to shreds due to being rusted through. It's easy to get hung up in the doomsday scenario. Fear sells, unpredictability sells and everyone is looking to the pretend experts for answers. They will never be found in the DC Swamp, that's for sure or on Wall Street as they bums always look out for themselves before anyone else.
i have been experiencing an expansion
of situational awareness
~
rainfall
small owner operated farms
land laws
legal system
disposition of the goalongers
-with respect to aged males
-refusing to obey anyone
~
for instance
in chinese culture
-at this great distance, best i can do
is seem common for the nail sticking up
to be beaten pretty badly
by crowds of ten to thirty people
i would have to work out nine hours a day
-whereas
in most spanish speaking cultures
the elderly are granted leeways
and men are not hated as they are in the US
You of little faith. Chris, you obviously have not heard of or have and chose to ignore the pending law suit against Congress by the States in the coming weeks. This is the culmination of the Article V, clause two, effort to put history and truth into perspective again. Since 1908, the states have met or surpassed the Article V threshold of 2/3 valid state applications to meet five times. The last was in 1979 when 39 (of 34) valid apps existed. UT and AZ have recently agreed to file in federal court after one more state joins. This is not searching for any more valid application; it's been met and time to take legal action against Congress ignoring its Constitutional duty. Please contact me or David Leeper for more. This is the first step in the return of our Nation to God and to the consent of the governed. Mike Kapic
I get that. It seems there is something in the water that dulls the thinking in everyone. Could it be the magic electronic box we carry around as if it beats our hearts?
The fiscal idiocy which you mention here cannot be an overlooked issue from those holding the State’s bank card. ("Oops…I have made a small error here," they sometimes say to themselves.) It must be in place very intentionally! They are borrowing money and spending it as if they know it will not be required to be paid back. That cannot be done unintentionally in the scope of the present practices. The only question is, what do they know that they are not telling us?
That is what I think, anyways. People CANNOT be that foolish, can they?