If you followed my research on banking and the reality of the Russian sanction regime, this report takes on an entirely new dimension. The article is from ZeroHedge, and the topline is not the real story.
ZEROHEDGE – The collapse of three US regional banks – First Republic Bank, Silicon Valley Bank, and Signature Bank – marked some of the largest failures in the banking system since 2008. Central banks contained the “mini-crisis” earlier this year with forced interventions and the mega-merger of Credit Suisse and UBS. Despite the interventions, global banks still axed the most jobs since the global financial crisis.
A new report from the Financial Times shows twenty of the world’s largest banks slashed 61,905 jobs in 2023, a move to protect profit margins in a period of high interest rates amid a slump in dealmaking and equity and debt sales. This compared with the 140,000 lost during the GFC of 2007-08. (more)
Look carefully at the graphic labeled “global banks.” What do they all have in common?
These are not global banks, they are all “western banks.” Do you remember a key component of my trip to eastern EU {Password Protected}. That part of my research trip was specifically to understand the contradiction between what the west says about the Russian financial sanctions, and the reality of the irrelevance of those sanctions in Russia.
I didn’t talk, I watched; I listened.
Here’s how it really looks from the outside looking at the USA. The same way the Patriot Act was not designed to stop terrorism but rather to create a domestic surveillance system. So too were the “Russian Sanctions” not designed to sanction Russia, but rather to create the financial control system that will lead to a dollar-based western digital currency.
BRICS+ was creating a non-dollar-based currency alternative for trade. Then comes the western financial sanctions, under the auspices of punishment for the Ukraine conflict. However, think “stopgap.” The sanctions didn’t block Russia, they walled-in the WEST.
The sanctions were not designed to keep Russia out of western banking, they were designed to keep us in. Start thinking from that perspective, and all of the downstream activity, including the aggressive USA govt/banking response to crypto markets, makes total sense.
♦GROUND REPORT – You might ask how I know the Russian sanctions are ineffective – here’s an example. After doing advanced research, I went to three separate banks as a random and innocuous customer. I put my reason in the kiosk at each bank, got my ticket number and sat down to listen to the conversations. When my ticket number came up on the digital board, I just ignored it and sat for hours listening to conversations. No one ever noticed or questioned me – not once.
At every one of the banks, the majority of the customers, at the “new account” desk, were foreign nationals asking about setting up business accounts to trade with Russia. In every bank the conversations were friendly and helpful, with the bank staff telling the customers exactly how to set up their account to accomplish the transactions. No one was saying no; instead, they were explaining how to do it in very helpful detail.
Within Russia, there are now 3rd party brokers with international accounts, an entirely new industry, which creates a layer of transactional capability for the outside company to sell goods into Russia. A Samsung TV travels from South Korea to the destination in the RU with the financial transaction between manufacturer and retailer now passing through the new ‘broker’ intermediary. Essentially, that process is what was happening in the banks for small to medium sized companies.
The USA led “western” sanctions against Russian interests were not designed to keep Russia isolated financially, they were designed to keep USA and Western banking customers walled in. The end goal? To create a dollar based CBDC for western finance.
In order to accomplish that goal, WESTERN govt/banking needs full control. Any alternative (BRICS+ currency/trade) is a threat.
The Western sanctions created a financial wall around the USA, not to keep Russia out, but to keep us in. The Western sanction regime, the financial mechanisms they created and authorized, creates the control gate that leads to a “dollar based” digital currency.
In essence, the Ukraine war response justified a system that creates a digital dollar.
The loss in “western banking” jobs, the downsizing within the banking system, is a feature – not a flaw.
The economy is slowing. We’re starting to see a gradual decline in revenue in the commercial construction sector nationally. SE, in particular Atlanta and Florida, is holding its own but it is slowing also.
Talked to a lifelong friend in the used car business today. Sales are cratering. Told me used cars at auctions are crashing and wholesale costs are cratering. Some dealers trying to unload inventory are not even being offered replacement costs at auction. Said it had accelerated the last few weeeks.
Noticing few cars at home improvement centers and declining customers at diners.
It’s coming.
And the desperation to keep President Trump out of office becomes more intense.
I don’t keep myself in a bubble, or echo chamber. Its important to listen to what everyone is saying.
I agree, Right. There is no currency in ignorance. Listen, read, store, and digest. I’ve seen what Catherine Herridge has been saying. I must admit her turn around took me by surprise. I think many many of us are expecting something catastrophic this year, in what form one can only guess.
As is said desperate times call for desperate measures…I believe the people who are hoping to make serfs of us all and cement their powers permanently take that aphorism to heart…and will act upon it.
Prayer, prayer, unremitting prayer.
And do not be anxious for your life…..what you eat, what you will drink, what you will wear. Blessed are all who take refuge in him.
Oh Amen, Bonny!
I’d prefer to use the term, change in script, rather than “turn around”. You’re be too kind😉
But the rest I agree with wholeheartedly 🙏🏼
It was late when I chose that term, Ghern….and to tell the truth I was not happy with it. But my brain was resting and so rather than struggle any further looking for the mot juste, I put it in.
We are at a point now when sides must be chosen. I refer to Archbishop Vigano in particular with this and not Reagan all those decades ago.
Herridge, who once upon a time I thought was a good journalist, has chosen hers. It is not mine. Pity.
Hmmm… interesting. In connecting the dots with what I believe to be true, I’m anticipating a “black swan” financial event that would help “justify” a shift to the digital currency. But who knows? smh
Same, Cactus Flower
[Link]—> They must have a world war and prevent Trump from being President or joint with a BRICS+ currency/trade and prevent Trump from being President.
Just my guess
Here in the Myrtle Beach area up to Wilmington NC the housing boom continues. The catch, there’s no buyers. My brother in law builds for a medium sized home builder. He’s working for as long as it lasts but he’s certain that the home building industry is has about run its course.
Saw that same pattern in 2007-09.
Once the financial crisis hit and layoffs exploded, all residential construction halted leaving vacant lots and “pvc forests” all over Metro Atlanta.
The 2008 and the market vortex of death. Yep. Without the MERS crisis it’s just going to keep slowly percolating.
In central FL, there were scads of new home developments for new home buyers with almost nothing down, and then when 2008 hit, they couldn’t make their payments, and walked away. Then, the lenders, not taking the loss on their books, rented those homes out to hordes of illegals who moved 15 people into a house, ruined the plumbing, kept junker cars in the front yard, crime rose, 3tc.
The remaining families with children got freaked out, sold their houses at a loss, ruining their credit, just trying to keep their little ones safe. It will be MUCH WORSE this time. I shudder to think.
There are new build ghost towns in Texas
Where?
Search Youtube. Here’s an example
Just watched the latest one from that guy
I JUST have one thing to say: “THIS IS AN EYE OPENER”!!!!!!
I live in Florida and homes are going up BUT the builders are doing the same thing here as they are in Texas…
I have a very good friend who repairs these shoddy, but expensive new homes. Its not good! Wait until the property tax and HOA fees hit them. Homelessness is coming to many, and parents better start clearing their basements!
The ones I’ve seen in the Piney Woods are are quietly being filled by illegals.
This is unsettling when you see the ‘cities’ built by the Left in Brasil. They become ghettos.
I won’t declare where I live, but a couple times a year I visit stores for my laundry soaps etc and to see how the world looks. Every single new build had a “To Rent” sign on it.
In Idaho falls the building that is going on is huge apartments and townhomes. I’m talking hundreds of units. Wonder who will be living in these places?
future illegal voters of course.
Same in the Boise area. No surprise I guess.
The new foreign army.
same in SC. Making room for the illegals.
Affordable Housing/You will own nothing, and be happy!
I was discussing with a friend the other night about the massive government grants to turn commercial property into residential rentals, and when we got to the subject of Bezos snapping up commercial buildings, I am still at the conclusion they will be dark stores for food, and appliance rentals. Imagine renting the contents of your rental home! There is trillions to be made in that!
Yeah, but…the apartments springing up all over Denver sure are not affordable. I’m not sure who, if anyone, is living in them. If anything, it seems to be young single snowflakes, but where do they find that many of them?
It’s been rare for me to see a new house under construction over the past couple years. Maybe a few here and there, but nothing on a big scale. Having been house hunting over that time in southern WI, any property outside the city is snapped up immediately for cash and often several thousands over list price. We’re talking 500-900k properties.
What I do see everywhere from Grand Junction, CO to Denver to cities in between and around Madison, WI are MASSIVE apartment buildings being thrown up very quickly. There were 6 buildings containing around 30-50 units in each building in Grand Junction starting a couple years ago. Same building styles being built around Denver. Same in other cities.
Around Madison, there have been at least 5 massive buildings that look like Soviet style public housing. Each building must contain 50-80 units if not more.
High density housing which the Marxists love close to shopping to keep the slaves happy.
Going through the mortgage process is stunning. Of course, the feds have their fingers in everything to insure you are not a foreign buyer or financing terrorism, but the worst appears to be zero concern for any assets when qualifying for amounts borrowed. No property asset, no liquid or other financial assets appear to matter. The banks are looking at debt-to-income ratio’s only giving the incredibly high interest rates causing a mortgage payment that is just outrageous.
I have no idea who is qualifying for any mortgage. I have no doubt housing will be crashing. I don’t have to wonder why banks are laying off people.
Up next, $20/hour minimum wage pushed by the left.
Been viewing mid-Virginia.
Crazy zoning. Established cattle/ dairy farms next to industrial buildings and cookie-cutter multi-family homes. Farmland is being swallowed up.
Forest, Va…for example.
Agenda 2030.
This is what people are chasing. Land, and just a basic shed to live in and get started for the majority.
I am so glad I am rural, and virtually self sufficient.
Also to move money into hard assets as opposed to fear your bank account…401K will be seized.
Same with Coastal Georgia, a lot of it centered around the Hyundai plant (EVs) that is being built nearby. Hotels are still going up like crazy, tons of road work (which is 10 years behind IMO), and a fast growing port that has room to expand. Could this be a bubble area?
Yep. My wife and I go to the Ocean Isle Beach area 2 times per year. We noticed in October when we were there that the onslaught of building there had pretty much dried up. We’re going back for the month of March, as we always do, and I suspect we will see no building action at all this time. It’s COMING.
Here in SW Idaho they are building like crazy still too. I believe that it’s just residual from plans already in progress, as well as retirees who are still bringing big money from Ca. What concerns me the most is the amount of apartment buildings and zereo lot line housing. Condos and houses w small properties. This is Idaho they should be building 1/2 acre properties on up. The home grown politicians and global corporations that have established a foothold here are a lot worse that the organic voting block moving in. Most are refugees from globalist governments. Yes some come here for freedom and because of their programming from years of living in an over regulated state, bring some baggage, but over all they are conservative. I have surmized by diving deeper into the politics here that it’s the corporate and political corruption that will eventually turn this state blue. The global corporations corrupt the system by design. The home grown politicians are corrupted beyond belief and greed wins. There are a couple of huge corporate hospitals here strategicly placed in the biggest counties that have imported 100s of employees. Amazon fulfillment Center, 2k employees imported, as well as entities like Starbucks and Walmart etc that have become “stakeholders” in the Idaho economy and body politic
They important thousands of low to medium wage workers hence the need for more apartments. Plus refugees from all of these foreign wars. Then there’s the illegals. It’s exactly what happened in CA WA and OR. The establishment that controls the system cheats and the voting system until they import enough people that they have total power and they don’t have to worry about the voter and the individual citizens opnion anymore. The transfer of power from a republican form of government to a globalist vassal state is almost inevitable. Just like CA. The Republicans handed over their control of Ca, they never lost it. CA is still probably at least 52/48 R. But since the globalists own the voting system they own the government. Idaho is not that much different red team, blue management. Just a bunch of globalists with a lot of money coming in from outside of the state who own biught the machines we use to vote and are cheating the citizenry out of their vote until they don’t have to. Imo 2024 is going to be a rout in this state and the establishment is going to do what they did to the Tea Party in (2012(?) This solid red state has already implemented a lot of the same leftist globalist garbage that you see in the states to the west and the average citizen is unaware of just how bad it is. Pretty sad that this is happening in every red state in the union. Imo FL is going to shift after 24. THEY have just allowed the organic vote to populate there so DeSantis could look Trumpish. They will throttle back the vote in Fl in 26 and on and you’ll see many many seats go to leftists. Because WE do not have control of the machine voting systems anywhere. THEY do. Sad to see. But WE have allowed them to take it from US without a fighting for it. We’ve become lazy and hope that one man can fix it for US. That will never ever happen. And so it goes.
Godspeed 🇺🇸 and God bless Patriots, rise and shine 🦅
Living in Oregon I get almost daily notices from two dealerships. The one is located in southern Washington. You can see the desperation starting. Although, there model is brain dead. Used car prices are outrageous and comparing to the same model 5 or more years old and new models it would only make sense if they didn’t want to sell the used models. My intention was to replace my present vehicle in 2021 and than shortage developed due to chips. Now I will wait until they either come down or I will hold on to my present vehicle. Best advice keep your maintenance up.
One of my vehicles is an F150. I could put ten grand in it and have a like new vehicle or spend 40K+ for a basic F150. Prices are insane.
My guess is after tax season, used cars will be way cheaper.
Why do you think?
Historically, tax season (returns) drive the used car market (down payments).
Since tax reform, refunds have gone down considerably as a whole.
Yet, used car dealers still have hopium every year because of past precedent.
After tax season this coming year, with inflation, election year and economic uncertainty, sales will crater triggering ‘fire sales’ to deplete inventories bought on floor plan financing.
I still feel dumb, thanks.
What do you mean 40k+ for a F150? Hubby told me it’s 65k+.
65k new. 40K basic with > 100k miles isn’t far off.
Or better, depends n the package.
I also live in Oregon. I still have two F250’s that I bought new and drive one of them. Both are mechanical diesels, one year apart. One is an ’85 and one is an ’86. They made their living in my machine shop business back in the day and still live on with minimal maintenance. Thieves can’t start them (glow plugs) and many can’t drive them (manual transmissions).
Most of my vehicles have a quarter million on the clock or more. I doubt I’ll ever buy another one. In Oregon, 62 bucks a year registration and a few hundred for insurance is affordable even for an impoverished person. If things go sideways, well we won’t need registration or insurance anyway, just fuel and oil. Stock up 🙂
Tx insurance, Farmers, drive 1200 miles a year (yes really), was quoted “abt $3000 for 12 mos., minimum required. Went to Std. Ins. at $1700! No insurance = no tag! You have to have insurance.
Just like Ca.
Similar to Dunes 2021,…I have 2 97 Diesel trucks that were originally commercial trucks, bought each when they were 11 years old, ..
They are “tanks” by which I mean big,, heavy and solid. My eyes are at the same level as Semi Drivers, and so I have great visibility, and everybody sees me.
Point is, while anythings possible, the chances of me getting in an accident are miniscule, of it being my fault or of me or wife being injured,…ditto.
So, I carry legally required minimum insurance (liability only) drive less than 50 miles/month and so INSURANCE for both combined is (sorry) about 1/2 of what your paying, jj.
Like Registration, insurance rates are based on blue book value, so the older the vehicle, the lower the rate.
Agreed. Insurance rates are through the roof. And the only companies advertising on TV are insurance companies. Drives me nuts. Pun intended
In CT. My wife and I pay for a mid-size SUV and an older 07′ Suburban. Full coverage on both (the number of illegals in CT due to Boston and NY makes me want full coverage plus uninsured motorists). Its about 2300 every six months.
But the car taxes…well, that’s another story- the old-ass suburban is still about $1k a year.
Would love one of those old diesels. Hard to find in this neck of the woods.
Wild. We pay the same amount in Texas for commercial insurance on our 2008 Silverado 3500. He has to drive to oil rigs so a lot more mileage. Just liability, about $3k per year. Seems like yours should be less though maybe your truck is newer?
I’m in Florida. My auto insurance increased 70%. Same agency and no claims and no traffic violations my entire time with them of 20+ years. I compared and ‘apples to apples’ policies with other agencies cost about the same.
Dunes2021, Are your trucks EMP resistant? Just wondering.
Diesel fuel also doesn’t degrade like gasoline, its not flammable, great fuel. Smart man.
I just decided to do that with an 09 Taurus, prices are nuts too much to swap another problem I know how mine has been taken care of.
My SIL has f150 with 280,000 miles. Runs great,looks good. Good compression. I’ve offered to help out on a new one. He said, nope. Too much uncertainty…..
I am 74 years old and continue to drive my 95 Mustang. A little rusty with a few dents, but it only has 60,000 miles on it. I refer to it as my 28-year-old three-year-old car. I figured I could put $1,000 into it every year and come out way ahead. Worked so far. I take care of all the important stuff on the car and expect it to last my lifetime. Take care of your old cars and they will last. Moreover, they have none of the newer technology, which isn’t worth spit.
That newer technology is VERY “big brother” – just because you don’t sign up for OnStar (or whatever contact tech your vehicle comes with) doesn’t mean they can’t find you via tracking…….
2000 F150 with 480,000. Still drives great. Thinking about new engine just to keep her going indefinitely. 2004 Toyota with 280,000 just now in the shop for a starter. Thinking about selling her.
My husband got a new transmission for Christmas. He loves his car and hates what is available new now. They gave us a 3 yr warranty, so it made sense to do it.
Residential home sales are cratering, and the only uptick in business is, the idiots who paid over market price for their cookie boxes, now calling in the repair men to fix the things they took for granted. Bad paintwork, leaks, and shoddy finishes in general. Their $500,000 cookie box is now worth $360,000, and all of a sudden they want the paintwork and finishes to reflect their over-payment!
Foreclosures are climbing, and majority of new builds around here are going direct to rental.
Larry Fink rubs his hands with glee…
Real Estate is local…
Where are you?
I travel from Florida to New Jersey to see my daughter and on I-78 in PA, there is a car auction and every time I have passed by it, it was packed with cars and RV etc. This time I drove by last week and the lot was empty and driving home today I passed it and it was still empty.
Correct. Now on to the consumer. Go on Zillow in Ft. Myers Florida and look at the houses between 250-300K that have been on the market for more than 50 days. All the new homes built in the last year around my AO are unsold. Flood insurance increased this year, property insurance increased as always, and homeowners dues increased for most people down here. It’s universal. It’s gonna get dicey. Real friggin’ dicey.
Interesting…HOWEVER, last week I received 2 separate offers on my car. Bluebook PLUS $5000 was the best. WTH?
Take it while you can.
I just sold my 2018 Kia Optima to Carmax for $2,100 more than I paid for it new! My daughter is working outside the US for the next several years so I’m making use of her 2009 Toyota Corolla S which is a lot more to drive!
So, I see the price of used cars cratering, as,GOOD news.
For those trying, this late in the game to get off credit, if you are in the buy or lease with payments, full coverage insurance, trade in every two years mode, and want to get off the merry go round before the music stops, now is your chance.
Buy outright for cash no payments, a decent used car and get out from under the payment debt trap.
Until recently used have been up in price…so this is an opportunity.
Yes!!! When my 20-year-old was trying to buy his first car at the end of this past summer to have for his junior year at college- crazy prices. My boys always saved for their first cars. We always promised to match- the first two sons: $2500 and $3k, respectively, to get them good cars that one still drives and the other traded in for his new car.
My son saved 3k to buy his car this summer. We were expecting similar experiences. Not even close. We were fortunate to be on the lot when a car was traded in,a 2009 Subaru, close to 200k miles- cost him about $13k….and has some issues. Everything else was more, or they had nothing. We used my saved bonus money over the years to pay the difference.
A 200k mile 14-year-old car- $13k….and that was the good deal.
In reference to car sales; My friend owns a automobile repair shop. He is busy 6 days a week. People are repairing their cars not buying new or used.
Things have been slowing for a while now. But we are heading into an election year. The rat-f*ckery, manipulation, deception and sleight-of-hand we are about to see to keep the *Reported* economic numbers propped-up will be mind-boggling. All the lies and fraud from the first three years was merely a warm-up.
And then comes the digital chip in the hand or forehead. The dreaded Mark of the Beast. You won’t be able to buy or sell without the Mark. What are you going to do then?
Say “No!!”
Whatever else comes, our souls are at stake.
Life on earth is short. Life after is eternal 🙏🏻
Well, one way or another, I will trade ammo for my needed purchases.
Barter and self-sufficiency is “the way to go” so hopefully all are moving in that direction.
Ammo prices are going up SLIGHTELY, due to alleged gunpowder shortage, but I think its just a “blip” in the market.
However, the long term trend is definetly for continued inflation, which means the cost of ammo will only go up.
Of interest, dutch?
https://www.zerohedge.com/news/2023-12-27/best-lead-free-hunting-ammunition-copper-new-lead
This was THE investment after O got into the White House.
Probably 7 times the return…
I won’t comply! Ever, ever, ever…..
A cell phone is a digital chip.
Yep. Some are catching on to this.
Leave your cell phone at home. Don’t use it for the internet.
If you’re going a long distance from home, take it with you in the car but not anywhere else.
I do a hard shutdown in the car, put my phone in foil wrap and leave it be.
The “listening in” and hideous ads they then tailor for you are so offensive that this is the only way I can beat them at their game.
Its creepy stuff they deduce from your innocuous conversations.
If close to home, leave your phone home.
They will never be able to force us to carry these spy devices.
There are more of us than them.
Thats what the Chinese peasants said.
Christmas Day I took a walk around my neighborhood, no cell. Many happy people outdoors as well, pleasantries exchanged, Christmas decorations to enjoy, no compulsion to want to take photos or text people, just walking and saying hello.
$0 entertainment and exercise can’t be beat.
So how am I supposed to access the internet, where they WON’T be able to trace me?
I’m NOT a criminal (anymore) and I know whereof I speak, and I am not on the lamb or in hiding, and refuse to be intimidated as if I was.
You can’t. You’re always tracked online. Always.
It is possible to be completely anonymous if you’re uber-paranoid about opsec, but it is so difficult and time consuming literally no one does it. It necessitates burner phones purchased with cash more than 90 minutes away from your residence and place of work, without a normal phone with you, and making sure you are not seen on any store cameras.
Then you need unregistered SIM cards, again with cash, no cameras, no phones, outside of your area.
You can never check your email or use text messaging of any kind. You need to never power the phone on anywhere within 10 miles of your normal life, and only use hotspots at public locations where you are also avoiding cameras.
You can’t install any apps. You can’t visit the same webpages. You need a new burner phone and unregistered SIM card no more than every 45 days, and every 30 days is better.
When paying for these things in cash, you can’t be taking out regular amounts consistently from your bank.
There is more, too, but it would take forever. And any one time screwup on your part ruins the entirety of the anonymity. You will have to start again in a new location you’ve not used before, and stay away from every location you ever visited before with the now compromised identity.
It is even harder with laptops or desktops.
It is really wonderful the amount of knowledge on such varied topics that is found on this site.
You people are awesome and so kind to share what you know.
Wonderful, really wonderful…
Philander, you definitely put the sad in those folks who THINK they are “under the radar”.
I’m already on the shit list and proud of it.
I’m serving slop at 2200 so come and get it little piggies. FBI,CIA,NSA, DNI…..and leave some for the low lifers at TSA.
Write the “manual” – I’d love to see it!
What’s a cell phone? Am I the last human without one?
I refuse a cell. If I need to make a phone call when outside, I stop at any restaurant or whatever and there’s always someone outside smoking a cigarette and I ask them to dial the number for me. Never a problem.
The “mark of the beast” is any action that is against God. It’s a way to identify an ungodly person not a chip or marking made by man–though these must also be opposed.
A beast is a human. A metaphor for a sinful, unreasonable person. Paul did battle with the “beasts” at Ephesus, etc.
Scripture specifies that the mark will be in the forehead or in the right hand.
Yes, figurative fulfillment can’t be assumed to supplant literal, can certainly have both.
yes, they go hand in hand at some point. by their fruits, ye shall know them. as we draw near to that day, I am grateful that God saw fit to be patient with my stubborn, meandering ways, and sad that many I love do not see what lies ahead. but, we keep spreading the Good News, pray for strength and change, and know that God is in charge.
My interpretation is that what is in your forehead is your brain. If you fall for Satan’s lies because you are too stupid or you studied false beliefs that are contrary to God’s teachings then you have taken the Mark of the Beast.
My interpretation is that the Mark in your right hand means that you are doing work for Satan.
What if you are left handed?
Deez nutz!!!!
I don’t know that the digital chip will be necessary on a large scale.
Smart phones already do most of the work the chips would do, and few people bat an eye at their loss of privacy. Home security cameras, smart cars, watches, TVs, wifi-connected medical devices (insulin pumps and pacemakers) do almost all the rest…. the penetration of “smart tech” has reached the level where there are smart toothbrushes tracking how (and more importantly when) you brush your teeth. There are already stores you cannot enter without scanning a QR code on a phone…
I’m not downplaying the desire to chip people or the dangers chipping presents. I am pointing out doing so would be largely redundant because we already live in an “always online” culture and the surveillance state which goes hand in hand with it.
A CBDC would make it impossible participate in society and avoid interacting with “smart tech,” while sidestepping the potentially divisive issues around chipping.
Same destination to the technocratic plantation, but reached by a different, less obvious, and less resisted path.
People all over the place are already driving around with a digital chip embedded in their right hand. They seldom put it down. Your are completely correct, we are functionally at that point already.
We are already digital financially–no one uses cash anymore; maybe its time to return to cash.
You won’t be able to leave your house without your cellphone. You will carry it with you at all times.
DO.NOT.COMPLY!!!
If it does come to pass, that certainly will be a quandary for those who wish to participate in the mainstream economy that the regime controls.
However, I learned, having lived in the area of California with a large population of illegals for about six decades, that there’s another economy, an alternative economy, outside of the mainstream economy and in competition with the regime’s control.
Cash and barter. Time honored traditions among certain segments of our population. They’ll take from the government (taxpayer) and use it to fund their alternative economy. Have been for decades. Add to that the criminal element. That’s an economy all its own.
If the government closes my bank accounts and stops my SS check, OK, fine. I emptied the accounts a decade ago and I use the SS money to buy war surplus ammunition. 🙂 How much is enough?
Here’s the conundrum. Gentle readers like their comfort and the perks that go along with supplicating to the Communist. That’s gonna be hard to give up. As long as one participates in the Communist regime, one is subject to it and supports it, willingly or not. Make a choice.
“How much (ammo) is enough?”
Think of it not as ammo, but as currency.
You USE it to buy the things you can’t barter for, cause THATS what currency IS.
So, keep your excess wealth in a savings acct, 30% inflation gobbles up its value.
Put that $ into ammo in common calibers, they are your 1’s,5’s,10’s etc.
.22LR, .223, 9mm, 12g buck, as inflation continues, the price of ammo will go up at at least the rate of inflation, protecting your wealth from loss of value due to inflation.
Properly stored (a plastic ice chest is good, can even be buried with lid just below ground level) has indefinite shelf life.
Impractical to counterfeit, and (very importantly) there is enough in circulation that it CAN function AS a currency.
And I concur there is a large underground economy that includes a criminal activity based economy that is billions of $, and is Not Going to cease, nor is it going to go CBDC.
I actually think they will HAVE to trigger some financial crises, in order to use FEAR to try to motivate conversion to CBDC’s,..
This^^^
Currency is simply a form of exchange. It doesn’t have to be fiat or digital currency.
Where do you stash all your ammo? Under your bed?
You are storing it up for looters or the government.
If you are one man you had better plan on being on guard 24/7.
Good luck.
Spot on as usual SD. Thank you.
How do we resist this?
I’m by no means a genius when it comes to money and banking, so I’m asking this sincerely.
“Resistance is futile. You WILL be assimilated by your GloboHomo betters now that elections & color revolutions throughout The West are routinely rigged & triggered by them sans consequences & accountability.”
/Like in the old Soviet Union and other totalitarian regimes, black markets and barter will be the new “coin of the realm.” Prepare accordingly …
Start using cash now for everything possible.
Stock enough food to get you through as many years as feasible – because they will control you through food and medicine. As for medicine, get off any pharma you can, stock up on the rest, and find an alternative source.
Get any dental or medical procedures done sooner rather than later.
Make sure your vehicles are in good working order and keep oil, fluids, tires, brake pads, etc. on hand.
Get out of debt. Find a way to heat and cook off grid.
Stock up on barter – liquor, bullets, canned goods, soap, laundry detergent, etc.
Make sure your whole family has boots, tennis shoes, socks, underwear, coats, gloves, hats, pants etc. for years to come. That stuff is cheap to get on clearance and then that’s something you won’t have to buy.
Plant fruit and nut trees – they are easy and cheap. Learn to fish.
We all are screwed long-term, but can maybe hold out as long as possible because with that there’s hope.
Learn to fish. The best prepper advice in the world. And own some basic fishing gear. It’s very inexpensive. It doesn’t have to be fancy.
I have a pacemaker; battery might last 7 years, but at some point I’ll need a new one. I also have no thyroid (taken out), so require thyroid hormone to live. For better or worse, I’m a prisoner of the modern world. We’d better damn sight keep it free and not run away from it.
For your thyroid, you can purchase the old “armour thyroid” from Bangcok, thailand for around $0.10/ pill , so 1000 pills for about $100?
Better by far than the synthroid crap, and you dose to effect instead of blood tests, so don’t need a Dr.
Can’t help you on the battery, sorry.
Agree with the sentiment, and can’t speak for anyone else, but while I am hunkering down and preparing for some sustained tough times, I am not running away, and am doing what I can to keep it free.
Oh, and as you can only stockpile so much food, I strongly reccomend all to research “Aquaponics” as it is infinetly scalable, from tabletop model, to apt. Balcony or window, to whole yard and will provide fresh veggies, fruits and Meat (Fish) to eat with the only input being a little electricity, sweat and fish food.
I am making my own fish food, using bugs.
Dutchman- do you think if Trump gets in we will still have to worry about all these things?
Dutch, don’t forget freeze drying. You can freeze dry damn near anything as long as it doesn’t have too much fat (chocolate and butter are the two I hear about most). Freeze-dried food kept in mylar pouches with oxygen absorbers will last 25 years. You can get one for about two grand. Go in on one with a friend or two and keep that sucker running 24-7. You can have a year’s worth of freeze-dried stuff pretty quickly.
Lulu, I have been thinking about learning to fish… lots of good people to meet and get to know.
It’s easy. Show up, look in a few buckets, talk to us and we’ll be happy to share.
In SHTF, no worries about licenses or limits; that’s between you and God.
I purposely relocated to a place with a full time creek and within walking distance of the ocean precisely because of fishing. Big ocean out there. Wildlife is abundant in our forest but it would be wiped out quick in SHTF. The ocean is far more robust.
It doesn’t take fancy gear. I’m using the same stuff I did forty years ago. Heck I use old spark plugs from my old cars that I saved for sinkers. Bait is found right on the beach or in the tidal rocks. Nature provides 🙂
All these sincere suggestions sound great; however live in city of 300,000.
The gangs already here and the illegals coming down from the bigger city will be armed and roaming.
Having these items will not save anyone here.
I pray I can be strong enough to stand for my God and Savior.
Your Lord also wants you to provide for your own defense. He has sent you Mr. Smith, Wesson, Mossberg, and Ruger to assist.
… and Mr. Glock, may he RIP (as of a day ago).
God helps those who are willing to fight. Help save our country by pushing your state to adopt IHOP (In person, hand counted, one day, paper only) elections
How did our Founders ‘resist’?
How much commitment to the mission is one willing to incur?
How much faith does one have, both in their God and themselves?
We each have choices. Right now, every second of every day. It’s easy to believe things are out of our control. That belief is a choice.
PDJT taught us how to use economics as both a tool and a weapon. We can do this. 🙂
Choose to decline to support or collaborate with the Communists at every level. Expect pain and suffering and death. There will be no peace without struggle. History has written such time and time again throughout the millennia. Our contribution will be no different.
Remember – this rock ain’t home, it’s just a stop in the road. Live large, trust The Lord, stay armed and if you get in a tight spot go down gambling.
so help me God.
Good advice, and I like your sense of humor!
My thoughts are this: Do the best you can, try not to kill anyone if you can help it, and get to know your neighbors. Understand that if stuff goes south, those are the people you are going to have to work with to try to survive. It’s the rare person who can make it totally on their own, so pick who you are going to make this journey with and do it now.
This is really good work.
No debt, interest rates could be driven up to deplete your reserves. Caution: rates will drop again first, to sucker people in, perhaps to re elect Joe.
Be able to barter.
Credit lines cancelled or called is a huge risk.
Store long term food supplies.
Be able to endure intermittent utility services. Fire place wood, gas logs, propane, etc.
Don’t talk about your planning.
Don’t show that you have supplies. You have to be as hungry as possible while remaining functional.
If your in a large blue city, find some where to go. I have explored how to get out of the country quickly and where to go. It won’t work for me now. If you can make a workable plan, do so. I would suggest a BRICS country. Guatemala and El Salvador could become attractive too, because all their bad actors will soon be here, and they are beautiful places with excellent climate.
Store vital meds in advance, month’s worth.
Know who is around you, who has easy access into and out of your neighborhood. Where they will come from, where they will go.
If you have pets, be able to defend them with deadly force, depending on your environment.
That’s a few to start with. It’s far more extensive. The main goal is to ride out weeks to months without needing anything more from outside than necessary.
Assume they will take down the system and leave you without the ability to go untracked. Then don’t assume that situation will last indefinitely. You have to assume the take down will fail, and you will last till it’s over.
Yes, this is about money and banking. Don’t differentiate money, banking, energy and food.
Have to learn to think differently about your finances.
Start by making a budget, first step is to know what you spend now for your essentials; Food, shelter, clothing, transportation, energy to heat/cool shelter, lights, etc.
Communication, information and entertainment (and yes that IS an essential!)
So, for a minimum of 1 month (3 is better!) record all of your expences, broken up into these categories.
Then brainstorm to figure out how you can make a one time investment, that will permanently lower your monthly expence for that category.
For instance we were buying bread @$3.00/loaf 6-8 loaves/month.
Bought a bread machine for $150 (?) and now spend $1.00/ loaf for 6-8 loaves/month, and notice the store bread is $5.00/ loaf.
Focus on how much $ per month, and work on lowering that while not lowering (and in most cases increasing) quality of life, like with fresh baked bread.
For transportation, forget about miles per gallon, focus on $ per month, THATS the key. My two trucks only get 10-12 mpg, but I spend far less $ per month on transportation than many who own new vehicles they are financing, with full insurance, that get much higher mpg.
And I have $ left over at the end of every month, and they don’t.
F250 5.4 2v. 350,000 mi. Original engine never apart except an intake gasket. 5sp manual, rwd. Looks like it will outlast me. Drove a 300M 396,000 and may put it back on road. Will need a rebuild.
So many people don’t understand how vehicles sink them.
Bamanicious, you have to remember that this is the 2nd time the United States has gone broke. The first time was in 1971, when the US could no longer pay its creditors in gold. What saved the day there was that the only way to buy oil at the time was with US dollars, thus they retained a value. Now we are coming to the end of that, so RCBDCs are the next hocus-pocus trick to get us out of the present dilemma. What these essentially do is reverse the concept of money, where money does not come from the real productive economy but from the government. Thus the government no longer needs to depend on the “real / main street economy” to fund itself and in fact the economy will be dependent on the government (hence, ESG, DEI as just the beginning). They are counting on people swallowing that idea to make it work and have even invented a new economics around it called Modern Monetary Theory (MMT). My guess is that progressives will have no problem adopting the new way of thinking, the same way they have no problem turning everything else in the world upside down, however, for most of the rest of the world, my guess is that the whole thing won’t fly. If you want to go down this rabbit hole, I suggest Michael Hudson, who gives a great synopsis of the history and our present situation:
Prof Michael HUDSON – De-Dollarization – Toward the End of U.S. Monetary Hegemony?
My guess is that the whole thing will go profoundly sideways like everything else our Ivy League elites touch.
Hudson conveniently avoids addressing one important matter. According to him, the US spends $$ in foreign countries. Foreign citizens are paid in US$$ and turn the $$ into the local bank for local currency. Foreign banks receive $$ and exchange $$ for local currency. I think he uses Korea as an example. Then the foreign bank sends the $$ to the US federal reserve and receives US bonds in exchange. The foreign bank receives interest on the bonds and the US recycles the $$ it received from the foreign bank.
The merry-go-round sounds like a perpetual motion machine until one asks, “what does the foreign bank do with all the bonds when they come due?” Pretty soon the chickens come home to roost. The Trillions of $$ of debt that the US has amassed is greater than our GDP. Economists don’t even like to deal with GDP. They prefer to use other metrics because it is easier to slide the pea from under one shell to another than to address the basic question: what happens when the debt comes due?
BRICKS countries together have more resources and more capital than the US. The days of the petrodollar are numbered. Biden’s strategic plan appears to generate a major war in the middle east and let that solve all the problems outstanding.
Good addition. One of the things China has been doing instead of buying US T-Bills is to fund the Belt & Road Initiative as well as arrange currency swap lines for countries under Western monetary attack. I suppose they want a more tangible return for their dollars than just more dollars.
The belt and road initiative also gives them a place to install another military base – they must oversee what they have built….
One can see where this goes…..
Watch China for their economy is also in lots of trouble:
https://www.zerohedge.com/geopolitical/multiple-financial-executives-commit-suicide-amid-chinas-financial-crisis
One of the main reasons for the 1971 dollar crisis was that the dollar was still redeemable in gold tender. France and some other countries were demanding the gold that backed the dollar. The US failed to allow gold to rise in value back then, and it still had a 20$ per ounce value.
Buy as much gold and silver (silver is a far better deal at this time and has been for awhile) as you can afford – take money sitting in low performance savings and convert to hard metal. Keep it in your property in an inaccessible spot. Some dealers will hold it for you and maybe they’re honest but I don’t trust anyone when the SHTF…..
Sheet rock is easy to repair.
Yup.
And removing/replacing electrical outlets in order to get access, without having to repair, aven better.
I’m going for ammo, in luie (instead of) prescious metals, but AS an alternative currency LIKE silver coins, but I suppose you could do both.
Yes both is good. I practice what you preach.
While stationed in Spain (Seville) in 1964, I was offered $1.50 for every silver dollar in my possession by the local merchants. I like profit, so I went for the deal. Today silver is paying $20.00-$25.00 for that same ounce. Several years before that, my grandmother gave me a cigar box containing 98 Silver Eagle dollars for my birthday. I purchased a top-of-the-line Schwinn bicycle with it so that I could visit her after my folks moved us fifteen miles east of her. Two years later, that $2500.oo bicycle was stolen from me while I was working at an amusement park. Just saying……………
What you’re apparently “just saying” to us – is that you don’t keep silver for a buffer against inflation or currency collapse; you like to re-sell it for a quick profit or spend it on stuff that depreciates or can be lost. At least that’s what I got from your post.
Your 98 silver eagles are worth anywhere from $30 to $60 each today, depending on year and condition, so converting them to a bicycle wasn’t a brilliant move, regardless of whether it was stolen or till in your garage.
When I was 18, I sold a medium sized collection of Lionel trains and accessories for probably about 1/10th of what they were truly worth at the time (hindsight), and definitely about 1/50th of what they would have been worth in the early 21st century. But neither I nor my parents saw them as an investment at the time, and I needed a car to commute to college and a job. My short term thinking cost me dearly.
Lead and copper are more precious metals than gold in silver when your back door is being breached at 1:30am. It keeps very conveniently in 9 piece containers.
Not sure but I think the government took everyone’s gold during the depression. HELP!
You are correct about the gold confiscation. Our ancestors of the time still respected the government and did not think they were being bamboozled.
Today, what do you think?
Purchasing precious metals requires cash. Trails do not necessarily exist if you do a physical exchange.
Today, what do you think? Who do you respect?
They took gold from everyone who willingly complied, maybe.
Definitely not from “everyone.”
Government confiscation only drives up the black market price……
1. Stick to cash transactions
2. Help save our country by pushing your state to adopt IHOP (In person, hand counted, one day, paper only) elections
Once our money is digitized, what happens when the electricity goes off? POOF! You’re broke. Or a cyberattack as the WEF is predicting? The Great Taking, indeed.
I really anticipate they will have a difficult time actually getting acceptance of CBDC’s due to a # of challenges.
True they have gotten most people to accept #’s on a computer screen instead of physical currency they could hold in their hand.
But,they need to be able to assure SECURITY; How do I know my CBDC won’t be stolen by hackers, etc.?
So, they push biometric digital I.D.’s; using your fingerprint or retinal eye scan. Some already “lock” their phones or laptops with such systems.
The idea is this biometric digital I.D. will replace drivers licence, SS card, Credit/Debit card, Medical record access, Giverment largesse access, etc.
If they can’t get broad based acceptance of the I.D., they can’t get acceptance of CBDC’s and the potential for people to have their fingers cut off, and their eyeballs scooped out with a spoon, is going to deter acceptance, I suspect.
Digitizing the world is the way this civilization will be destroyed for a new one to emerge. All past civilizations have had their nemesis
Why isnt East-West and Cathay Bank on the list…. shocker
What is the significance of those two banks?
Cathay Bank has ties to China. It is headquartered in Chinatown section of Los Angeles.
I think East-West Bank is similar.
Thank You
So, those banks are not necessarily “Western” banks and that may explain that.
popular with the CCP community here in CA
Most of the core deposits of those banks are likely from Mainland China nationals.
Its no surprise none of the Chinese owned American banks are not on the list.
Between Inflation and the Massive Debt of 32 Trillion on the Books and 100 Trillion more for Social Security and Medicare coming due as the Boomers retire are problems Digital Currency will not solve. Trump will have to bring our manufacturing back to the USA and drill baby drill. If we keep importing much more than we produce, Inflation will never be able to be controlled. If the government keeps spending more than it takes in, Inflation will never be able to be controlled.
Digiital Currency is about being able to quickly seize what ever you own. Easier to keep the Proles on their knees.
Cars????
Speed rail is being pushed foward.
THEY will control the get on and get off locations.
Green Spaces (where no man may go) are planned.
obama’s blunder in Honolulu has set precedent for no more speed rail, they ran out of money it stops many miles from downtown. Morons forgot to put in parking lots or bathrooms at the train stops. Absolutely a farce.
$$ laundering….
“Digital Currency will not solve.” Actually it will. Cbdc allows TPTB to completely control every aspect of the economy and YOU. The only debt will be to the federal reserve. You will own nothing and be happy.
Since China and other foreigners own most of the US debt the easiest way to get rid of it is as “retribution” for war. “Since China caused a war by invading Taiwan we will seize their assets and eliminate all debts owed to them.”
I like how you think. Trouble is, we would have to go to war with China.
After covid, when people much smarter than me were counting up the damage, I wondered why a leader like PDJT couldn’t simply declare that China’s virus has cost our nation trillions of dollars, so we are deducting that amount from our indebtedness to them.
I’m not a banker, so this level of simplicity may seem foolish to my Treehouse brethren, but I cannot square sending our wealth to a nation that sent us a pandemic. After all, much of the debt piled up while they were brutalizing us for years in trade talks.
I think something about CBDC’s that most people miss is it gives them a way to have universal wage and price controls in a way no Giverments have ever had before.
They will be able (at least they THINK they will be able) to raise or lower the price of goods and services in defiance of supply and demand.
The Debt clock shows 33,952,000,000,000 +. We should go over 34T in the next few days at most. Everywhere one looks the media continues to spread pure BS in regards to the state of the economy.
Digital currency is not necessary for the globalists to seize what you own.
Dodd-Frank was crafted with the bail-in method of restoring chosen banks to a functioning level rather than the bail out method via taxpayer $$. Language in the bill : “unsecured debtors” refers to you, the person who entrusted the bank with safeguarding your money. You are the last one to keep money and the 1st one to lose it all.
That’s when the implementation of cbdc is offered to the penniless.
Create a problem, offer your solution.
Meanwhile- As the invasion continues on our country- Bank of America Tests No-Down-Payment Mortgages for Minority Communities
https://www.bloomberg.com/news/articles/2022-08-30/bofa-tests-no-down-payment-mortgages-for-minority-communities
Definition of insanity.
Isn’t that EXACTLY what led to the 2007-2008 crash? Over leveraged, utterly unqualified buyers who moved into houses in which they had no skin and no ability to actually afford? And then all of those “sub-prime” loans were bundled and passed off to small banks and private investors as high quality collateral…until the foreclosures started and the junk became too obvious to hide anymore!
Second verse, same as the first…a little bit louder and a little bit worse!
My prediction is that the Fed and the big banks, with help from their co-conspirators in the MSM, will keep the Ponzi scheme going through the end of next year and then, as soon as the election is over, and Trump is back in the White House, they will pull the rug out and the whole thing will come crashing down and make the Depression look like a bump in the road!
And guess who will get ALL of the blame? The guy (and his handlers) who ran the show for the previous four years or the guy who just won the election a few months before?
I thought it went further back than that. But., yes, you’re right. This has been tried before with great negative consequences.
Clinton’s Legacy: The Financial and Housing Meltdown (reason.com)
No. The US government will cover their mortgages.
And don’t forget the bailouts..
“Too Big To Fail” remember?
It’s very easy to go out on a limb and give mortgages to people they know will default when they know the government bailouts come.
This is why these ‘failures’ keep happening- they are big money makers!
And the legislation that was SUPPOSED to prevent it from ever happening again, but obviously DIDN’T and only made them too bigger to fail.
They changed the game with Dodd Frank. Bailouts will not exist.
The gov will take possession and non Americans will be given precedence. Enslaving both Americans and Illegals.
Yet PT will know how to handle this. When you owe more than the creditors have, you win.
Yes, Vikingmom it IS. And this time when the equivalent of Paulson says “theres no time to discuss it,..we must do THIS now, or the Gmlobal financial system will COLLAPSE!” the “this” will be instituting a shift to CBDC’s with Biometric digital I.D.’s.
At the current birth rates and immigration rates, along with the death rates of “us”, how long before “we” are the minority?
That went so well last time
It reminds me of just before the 07-09 crash. Banks advertising acceptance of the Matricula Consular cards as ID for opening bank accounts, and one Milwaukee bank advertising mortgages for those who might have less than official documentation.
Meanwhile, with over $200k for a down payment, high interest rates and high housing prices, I am finding out I only qualify for a VA loan regardless of other assets.
Maybe wait for the prices to come down – which should be in 5, 4, 3, 2…….
The NINJA loans strike back.
Luring the herd for enslavement.
Perhaps those ex-bank employees will enjoy the new feudalistic society they helped their future lords and kings to build
Without transformers there is no electricity, without electricity there is no digital, without digital there is no digital currency.
You can figure it out from there.
My father was a ‘lineman.’ I gotcha…
The grid operators are already predicting rolling blackouts due to the replacement of hydrocarbon (coal, gas, oil) powered plants with unreliable wind and solar generation.
Rolling blackouts are rolling recessions with CBDC. Further, with electric transport, demand will be higher while supply is lower. The math doesn’t work unless depopulation occurs, then all is good. Remember to get your boosters. Its gonna get ugly.
Where I live, in relative desolation, cash is still king. It’s easy to see that when interacting with any local merchant. Your assertion does pose questions. If utilities are taken out in kinetic action, how will one’s local community operate? Does it have backups for essential services?
While considering that, a story about in Italian immigrant came to mind, and the San Francisco earthquake of 1906. A. P. Giannini. There’s a big bank, one of those ‘bad banks’, that evolved from him. Still, his story was one of how to adapt and overcome adversity in disaster. What can we learn from that?
Myself, I live on what most gentle readers would consider poverty. However, I also participate in the alternative economy where utilities and banks are optional. A lot of the world still operates that way. We’re simply used to comfort and convenience. We can change and survive and thrive; adapt and overcome.
Bank of America.
Dunes, you are right in that we CAN change, survive and thrive. My question is whether we are tough enough to do so anymore. I live with someone who regularly tells me, “I want to go in the first wave. I don’t want to have to scrabble to survive.” Listening to that is damned depressing sometimes. I am an ornery enough character that I’m willing to do what is necessary to survive, but I think an AWFUL lot of Americans no longer are, particularly the female sections.
I keep thinking that it’s like the ending of the movie, “Take Shelter,” that Sundance uses regularly. It’s coming, and we can see it if we look, but one Hell of a lot of people are ignoring that 600-foot tsunami rushing our way.
You can bring reality home to that person by suggesting that they not wait any longer, take control of the timing themselves and let you know when to stay away.
Might seem cruel on its face, but the goal is to cause the person to see how much they love life, fear the unknown of death and realize that going early is a loss for everyone.
The people who survive are the ones who make a plan and execute it. There is a lot of hope in that process and fear abates when you have a modicum of control.
Females are more subject to fear because their amygdala has more estrogen receptors than males. Estrogen is connected to the emotion of fear. This is a chemical reality. This does not diminish females in any way for they might be the first to see the danger and move to protect the young while the male is assessing how to handle the threat. God’s design.
Without electricity, there is no spent rod cooling at active and decommissioned nuclear plants, that literally surround every major city in America.
You can figure it out from there.
Your comment did bring up a question; are we looking at an offensive takedown of the electrical infrastructure by insurgents/patriots or are we looking at the regime selectively shutting off the grid as a measure of control but otherwise retaining its integrity?
I got a taste of the nuts and bolts of it as a contractor for the largest public utility in California for nearly four decades. I was just a nobody who helped make it go. What one sees cannot be unseen 🙂
25% powdered aluminum, 75%rust, add a touch of sparklers,…thermite.
Chlorine bleach and acetone is chloroform,…and its amazing what you can do with a crescent wrench.
Those that actually Make things, and maintain things really know how to break things…
Dutch, relative to your last comment, here is a thought for you. I remember reading a fellow writing in the 70’s who had been in most of the Cold War guerrilla hotspots. He said the day to day reality in most of those places was pretty peaceful, with one exception: Palestine, when the Jews were fighting to get the British out. The Jews were smart, ran most of the infrastructure and knew how things worked, and when they decided things needed to break down, THEY BROKE DOWN. He said all Hell broke loose there and there was no stopping it until the British finally left. Even with 100,000 troops in as small a spot as modern Israel is today, the Brits couldn’t keep the lid on.
The last sentence of your previous post is exactly correct.
The nuclear plants will be ok. Unless they don’t wont them to be. They are very long term self sufficient.
Committee of 300 hates nuclear as it is too cheap and reliable. They need volatile electricity to control the masses. Enough power to satisfy the masses’ need for convenience, and enough to forestall people from learning to live without.
Using wind and solar we will not even need transformers.
You will just sit around hoping a couple of watts make it to your house .
The wind and solar farms that tie to the grid, is stoopid,…but having solar for self sufficiency to firstly keep YOUR power on during a short term brown or blackout and when built out eventually have the grid as your back-up and then be sekf-sufficient, is sensible.
Unless you are in the middle of a blizzard. It’s not reliable when you really need it.
He’s in the desert, I think.
If they get us on a digital currency, we will all be enslaved. The problem is people won’t understand that until it’s too late.
The masses will joyfully accept cbdc because it will be like the covid handouts. Due to the struggles of this massive war we will automatically give you $10k in your cbdc account.
Good point and highly likely. The easy to see immediate result will be a hyper inflated cbdc that most of the masses won’t see coming.
They will then spend their CBDC on CBD
The question is, will $10 at that point buy you much more than a sackful of groceries, with no meat? My bet is that it won’t.
I had never thought about that option, but when money is currency instead of real money, anything is possible.
You are a dangerous thinker, good thing you are on our side.
aren’t credit cards digital currencies?
No they are not. A digital currency without cash option allows them to track everything you purchase, determine if you can purchase, what you can purchase, and how much and when.
The most sinister aspect being they plan to put an expiration on your CBDC – meaning you either use it or lose it and as such the serfs will never be able to save or build wealth.
Yes. We are already mostly using digital credit card/wire ptransactions, just not centralized around a govmnt currency yet
Start working on your state legislatures to pass laws saying businesses must accept cash. We can use the argument that it is discrimination against people who don’t want to use traditional banking. The race card can be useful.
The same thing that happened to GM bondholders in Obama’s first term is about to happen to everyone with a bank account.
The market will be manipulated to prompt holding cash, thereby shredding the financial markets. Then, when cash accounts swell, not necessarily in absolute terms, but in relationship to the total wealth held, read remaining, they push that reset button Hillary used to carry around.
https://www.zerohedge.com/markets/massive-safe-haven-panic-bid-bonds-gold-swissy-sparks-dollar-exodus
?itok=itC3m053
“BUT, It was far from it in every other asset class as the dollar dumped while gold, bonds, swiss franc, and crypto all ripped higher as Magnificent 7 stocks were liquidated shortly after 10amET.”
Yesterday was a planned event. Possibly a message for certain persons?
Point is that with everything being computerized they believe they are in total control already and at times act out that control.
I downloaded that. Always lookout for a 10am reversal.
Keep in mind the possibility that The Deep State will not commit fraud this time and will let President Trump become president.
Then they will manipulate a collapse within 6 months, blame President Trump for everything, and use the ensuing chaos to enrich themselves, buying up as many valuables as possible at a fraction of their true value, and using the chaos to discredit Conservative policies, which logically could never have caused a collapse.
But agitprop and an uneducated, propagandized population might buy the scenario, because it worked nearly a century ago, and ruined the Republican Party permanently…until its recent – but only partial – revitalization under President Trump.
Sound familiar?
Yup. Tough times in Argentina right now.
Makes me wonder who the Argentine leader really is. A CIA plant to make conservative governments look like chaos?
Yes! As an “insurance policy” in case Trump became popular. We’ve witnessed many versions of that insurance policy, each more lethal and desperate than the one before. It needs stopped permanently as most of the players are now known.
Grumpy Grandpa is a GREAT handle (screen name)–just sayin’! 😉
Playbook known Ausonius.
I strongly believe someone is going to pull the rug fairly shortly.
Hoist, petard.
Operation Warp Speed.
Notice
Gone With the Wind
https://www.usdebtclock.org/
Hint hint.
What happens at 33 Trillion?
Minute 52
Yellen is running out of options to keep the currency afloat.
The Reverse Repo money is on track to run out in FEBRUARY.
That February to April timeframe jives with some other tea leaves I have seen.
(He as also details a 60 percent plus existing crash in commercial real estate values a little earlier in the report.)
How do we get the password for the secret posts? I have donated to your cause and will continue to do so.
All you have to do is go to the search bar at the top and type in “password” and hit the magnifying glass.
It’s not a secret. Just a method to slow down AI spiders.
I just tried BK’s method for password retrieval and it works like a charm. Thanks
6 Signs DISASTER is BREWING For 2024 Economy
👇
Retail sales UNADJUSTED for inflation are “up” 3.1% for the Christmas season.
Do the math with inflation and you get: CONTRACTION.
Gotta be fake news.
Inflation crackled, cracked, and cratered a whole .1%, a statistic reflecting reality and not at all tortured into existence by a Ministry of Information desperate to conjure up good economic news right before primary season.
Melnics, I get the strong impression there are a LOT of people out there who feel the hair on the back of their neck beginning to rise because they think something really bad is not very far away. I didn’t see or hear of much spending this Christmas. I think many people are hunkering down and trying to get as ready as they can for VERY hard times.
The prophets of doom have been seeding people’s minds on every side.
Everything these pigs do is a trap. I really wish your articles were required reading in every school on earth.
I also wish your articles reached a much wider audience. If people understood the truth then the guillotines would have come out years ago.
Actually, CTH is the most viewed blog on the internet, no one else is even close.
Whatever metric you care to use, views, revenue or influence on public opinion the Rebel alliance if MAGA medua is actually kicking as on the BSM (BullShitMedia) formerly kniwn as MSM.
That battle WE have already WON.
Dutch, are you serious? If so, I had no idea that was the case. Maybe I just encounter a lot of people who are simply not awake enough. I don’t think I’ve ever heard anyone refer to the CTH in daily conversation, though.
I HOPE you are serious. That would be a piece of damned good news.
Blogs in general aren’t well read. But the information here has popped up on widely viewed and read platforms, such as Rush Limbaugh back in the day, Tucker Carlson today. The movers and shakers do read here, it does have influence.
“The Western sanctions created a financial wall around the USA, not to keep Russia out, but to keep us in,” is a very interesting explanation as to why the US/EU continue adding sanctions on Russia despite the sanctions failing to harm them but destroying the western economies. The globalists who maintain their puppets in power in the so called “western democracies” seem incompetent, but their final goals are so calloused and totalitarian that it is hard to understand just how far they will go. When the US and Europe are completely destroyed, what will stop the Chinese and Russian elite from taking the wealth from western globalists?
The bankers don’t care who is in power.
That is starting to dawn on the Western elites, however most are behaving like they can still have it all. (Much like a guy needing to swim 1o miles to shore with a backpack full of gold bars strapped to his chest, at some point he will need to make a “values” decision.)
America Is a Heartbeat Away From a War It Could Lose, by A. Wess Mitchell – Foreign Policy, Nov 2023
“Nothing on this list is easy. But the United States and its allies are entering a time of hard decisions. “
https://archive.is/DRjFP#selection-2875.0-2875.52
If the Western elites want to play a role in the new multipolar world, they will need to ditch all of their progressive claptrap and start acting pragmatically, which is how Putin brought Russia back from the dead in 20 years. (Or learn to code. (lol)) The author of the above article is no lightweight, but Anthony Blinken’s brain… look for Mitchell in the audience of many of Blinken’s press conferences.
They think they have overcome Maggie Thatcher’s admonition about “Socialism only works until you run out of other people’s money” simply by printing more money.
This is the mother of all bubbles.
Not good.
After the last crash, before the relative prosperity of the PDJT years, I posited that the next crash would make the last one appear as a pleasant sunny spring day.
That was when I exited the financial markets, positioned my business to disappear , downsized and started prepping for adverse action. I still had some fun living but was focused on the mission.
I believe the time of reckoning is upon us. We have a two front war, one to survive and the other to defeat and destroy the Communists whose disease has infected our culture. Daunting. We can do it. 🙂
In my neck if the woods there a new banks and credit unions opening all over the area.
I assume these are regional businesses expanding their reach.
How does that align with the information in this post?
Bottom line, this pathetic and corrupt administration, is so fearful of the real President Trump being elected, that they are doing all it can to destroy the economy. In hopes that even he won’t be able to Make America Great Again.
Its the humpty dumpty strategem; Break things so badly that PDJT, even with all the kings horses and all the kings men, can’t put everything back together again.
And, this chaotic mess, and trying to fix it will keep PDJT preoccupied, distracted and hamstrung the way the threat of impeachment and then COVID did in his first term.
“the Ukraine war response justified a system that creates a digital dollar”
We all watched as Russia started amassing tens of thousands of troops and armaments on the border and get the US did nothing to even try to stop Putin.. Next thing we saw was 110,000 Russian men and tanks.
They wanted this war to prove, Russia is the big bad boogeyman and now Sundance has illuminated a new dimension.
Never mind that Zelensky had fired over 4,000 missiles into the Donbas region at the primarily Russian/Ukranian civilians.
“On February 16, 2022, a full week before Putin sent combat troops into Ukraine, the Ukrainian Army began the heavy bombardment of the area (in east Ukraine) occupied by mainly ethnic Russians.”
“The killing of civilians in the Donbas was a clear provocation, a provocation that was aimed at goading Russia into a war. And –as we said earlier– the OSCE had monitors on the ground who provided full documentation of the shelling as it took place, which is as close to ironclad, eyewitness testimony as you’re going to get.”
http://www.ronpaulinstitute.org/archives/featured-articles/2023/february/08/setting-the-record-straight-stuff-you-should-know-about-ukraine/
So where is all the money they are laundering in Ukraine going?
Where are Pelosi and other government officials investing right now?
Is Ukraine money their nest egg hidden elsewhere?
The Mormon church has bought up huge amounts of farmland in multiple states. There’s something backdoorsy connected about that church.
Hard assets.
Hmmm, Mormons, Bill Gates, CCP?
Which of these 3 am I least worried about buying up U.S. Farmland?
Of the 3, its no contest.
Dutch, I suspect you know something about the history of the LDS Church. If you don’t, let’s just say they don’t have any reason whatsoever to take the goodwill of the U. S. Government for granted. They know very well what it is like to be persecuted by them.
Brigham Young was going to burn Salt Lake City to the ground rather than let the U.S. Army occupy it, and there were men with torches and flammables on every corner in the city when the Army marched through, ready to set buildings alight had they not kept marching.
The current group of LDS leaders are not stupid. They know very well that the virtues their religion preaches are VERY opposed by the party in power. I would be amazed to find they expect anything from the Federal Government except blatant animosity and as many problems as the Feds can present.
What you share is nice but….
There is a faction of LDS that promotes Transhumanism.
Utah has been californicated.
The church is now a multi-billion dollar business. Mitt Romney and his anti-Trump agenda is the attitude of the Church’s leadership. It has become a money making enterprise for the elite, with the decent members footing the bill.
Apparently, hedge fund managers like Franklin Templeton make people like Adam Schiff a profit.
https://www.wonkette.com/p/oh-adam-schiff-is-the-dirty-ukraine-corruption-moneylaunderer-stealer-man-got-it-rudes
https://www.investmentwatchblog.com/adam-schiff-implicated-in-bursima-investigation-and-coming-indictment/
Sundance, you say you sat and listened at some banks. Foreign nationals came in to open accounts. Wondering if they spoke Russian and you know Russian. I can’t think they would be speaking English!
They were speaking English.
Sundance clarified in the threads when his posts were made (from which the excerpt above is taken) that English is the language of business throughout the region, and is very serviceable for the foreign nationals.
Thank you, Sharon; I always appreciate your posts. 🙂 I had thought about language barriers in various countries, but know that there are a LOT of excellent & very effective translation tools.
Thank you. Guess I missed that. I appreciate your answer.
Here is the clarification SD provided at the time:
“Yes, english is required to work at the banks. Why? Because the customers are from everywhere, so they use English as the common language.
“And yes, planning for every single contingency, I paid for translators to accompany me… and didn’t need them. lolol.”
(post was titled A Walk Amid the Freezing Pines)
No one ever needs them.
If I can do business in Kota Kinabalu in English, anyone can!
LOLOL!
This crossed my mind as well. Curious to hear this answer.
I can’t speak for SD but when I was in the FSU thirty or so years ago I had a full-time interpreter and driver; people I trusted. I knew enough Russian and Ukrainian to get my face slapped. There’s always a solution.
Also, I’ve heard that English is more widely spoken in the large cities now. It wasn’t when I was there in the 90’s. In fact, weeks could go by without hearing anyone other than my interpreter speaking English.
I saw a version of what some here posit as our coming crash going on there back then in the aftermath and chaos after the fall of Communism. It was like the Wild West. Violence, corruption, poverty. Still, the people survived, and that was before the wider commercial internet reached them. People find a way.
Thank you. I looked it up as far as business…English is the language used internationally. I did not know that before!
I expect things are going to get very rough here and at times…many times I feel like a lot of us here do…bereft at what is happening. I’m older and not as nimble and fleet of foot as I used to be but by God I will help my kids and grands survive and triumph! God willing. Christian. American tough, resolute.
I did a fair amount of financial transactions in that part of the world back in the early post-Communist era and am happy to read things have changed. In fact, there were times I helped my interpreter doing technical translations from English to Russian as she worked for the government there and my experience was in industry and engineering. We kinda helped each other out.
Sounds like things are a lot more streamlined now.
My driver got the best currency deals. I think he was ‘connected’. We had run-ins with cops and they always gave him a pass. He had some sort of Soviet military ID. Interesting world. Sure learned a lot, as it appears Sundance did. I was there off and on for about five years.
There are so many ways that I see places making cash difficult to use. On Christmas Day while traveling, I stopped at a McDonalds to get food. Everything had to be input into a digital kiosk which has 10 minutes of obscure links to click for this or that. I went to the counter and said, “I want to pay cash.” The counter person said that I had to put in that option. I said that I didn’t see that option.
He had to come around to the kiosk and punch the obscure links so that I could pay with cash. I told him that I needed to remove “cheese” from the burger, but I didn’t see how to do that. So, he had to go back and punch all the obscure buttons to remove the “cheese”.
Once the payment and the order was put in, I handed him a $20 bill. He said he didn’t have change, that everyone just uses a card. So, finally, he went to the back and got change. Meanwhile, other customers were waiting….LOL! Then my order arrived, but did not include the real lemonade that I had paid extra to get. He had to go get that himself from somewhere back in the back where they keep the real stuff.
Sand in the machine.
Oh my gosh! 🙁 Lots of normal things seem so much HARDER than they used to–and frustratingly so; even simple things seem to take FOREVER, nowadays! 🙁
Two noticeable changes in my neck of the woods. Aldi and Savers Thrift Store have both converted to card-only self-check out with only one gobbed up cash lane. They are going after the places that have been historically cash businesses.
Walmart the same.
Did you check to see if they spit in your lemonade?
Not really – the people behind you were irritated that you were not up to speed like them and just used the card. The inconvenience you created only solidified to them to use the cardb-it’s more loving to not encumber the people behind you….
We’re already in a depression, you just don’t “see” it. Look at the real economic numbers on shadowstats.com. During the first depression there were visible signs like soup lines. Today poor people have subsidized housing and food stamps.
The signs are growing more visible. More people moving in with family. More foreclosures. More car repossessions. More people have quit paying their debt (credit cards, student loans). More people losing better paying jobs.
It’s being offset by the number of people dying or disabled.
Get ready, it’s just going to accelerate going forward.
the overwhelming majority of the people in this country will welcome digital currency. Most live in an entirely digital world now. Ever notice people (even old people) using their cards or phones to pay for $3 worth of crap? Just like with the Wuhan shot, people will do what they’re told including getting “chipped” when the time comes.
The lion’s share of all of our assets are nothing but digital spreadsheet items today anyway. Unless you have $1M in gold and silver in your basement safe, you are living in a digital world. It could all be made inaccessible with a single command from our government. Look at what happened to the Canadian truckers during their strike.
It’s good to be aware of what’s coming, but it’s decades too late to stop any of it.
The Canadian protest example is a good one. What happened? A bank run started and the government reversed their position on freezing assets.
Working in a coordinated fashion, we could destroy the global banking system. Timing is important. Would people want to live in the subsequent chaos and anarchy? That’s another question. History tells us there is generally no peaceful nor comfortable method of destroying tyranny. Is history subject to review and change? Sure. We’re writing it, right now.
If history is any guide, there will be a few patriots and a lot of survivors. Our Revolution supports that posit. Have times changed? We’ll see 🙂
Trudeau folded when institutional investors fled the country.
House of cards.
“History tells us there is no peaceful nor comfortable methid of destroying tyranny.”
I would disagree, those instances where violence has successfuly freed people of tyranny are rare.
On the other hand UNITY and WILL to withdraw consent of the governed, peacefully by word and action is something the Tyrannisrs have no responce to and so must withdraw.
Before the wall came down, before the Soviets withdrew from Afganistan, there was the Singing revolution, in which the entire populace of 3 small, Baltic states acting in UNITY, peacefully defied the Soviets and forced their withdrawal.
13 unarmed citisens died, in the event that then triggered the populace, without planning or coordination going out into the streets, joining arms and marching towards their capitals, en masse.
the entire POPULACE, and you don’t have to imagine it, do a search and you can see the pictures of highways, covered for 25 miles with citisens peacefully marching to their capitals.
We will never know what they would have dine, as the Soviets announced they, and their vichie Governments were withdrawing.
IIRC Ghandi also got the british to leave India,…although i admit I haven’t studied that.
Gandhi was a fraud and a poseur. He was also a sex freak. He most assuredly does NOT deserve the good reputation he has.
Britain left India because they could no longer afford to administer it, being effectively bankrupt after the Second World War. A lot of Indians died in India’s Partition, and a lot more were very unhappy to see the British go. I have had Indians tell me that they didn’t really like the British, but they trusted them to be impartial in a way they knew they could NOT trust their fellow countrymen to be. Those same Indians, graduate students all, told me that India hasn’t had an honest government since the British left.
Exactly why this Marxist regime endeavors to keep us divided and hating eachother. And it’s working.
Prepare for it now as a new barter economy will quickly develop. It is even growing right now at local levels. Barter can be precious metals but also- tools, construction supplies, protection equipment, seeds, fertilizer,cultivation tools, fuels, essential foods (salt, meat preservatives [Salt Peter-potassium nitrate], canning supplies, pressure cookers), disinfectants, detergents, lubricants, solar chargers, and basic medical supplies.
How does someone use gold? Who determines if it is real, and who has a proper cutter, scale, etc.?
Good questions. Minted gold and silver coins are easier to deal with but anyone who handles PM’s should have the requisite equipment to measure and authenticate it. Trust in any currency would have to develop locally before it was widely traded IMO.
I do OK with my skills as a machinist and fabricator and the attendant raw materials since they are quantifiable. Skills, in general, can be a pretty solid currency. However, building trust is still part and parcel. Rinse and repeat for other things like food, water, ammunition, medicine, etc, etc.
I never got into PM’s but have collected coins from an early age so have some exposure to gold and silver through that avenue. I tend to see them, and rare substances, as a storage and transport method for assets rather than a replacement for a dollar bill. Forex, it’s far easier to drag around a gold bar or two than a desirable vehicle.
Also, guns can be a compact means for transporting asset value, particularly rare or collectible ones. I recently watched one ordinary transferable machine gun go for over a half million dollars simply because that particular model is very rare on the registry. Put it in a box and take it with one. Or, use it as it was intended when built, and is still used by the U.S. military, to kill humans. Beats clubbing them over the head with a gold bar. 🙂
Thats why I steer clear of prescious metals, and go for lead, brass and steel.
AMMO, and for larger purchases, guns.
They hold their value, are impractical to counterfeit, are universally recognised, come in different denominations and theres enough in circulation for it to be used as a currency.
As I envision it, Gold is NOT for using to get yourself through the hard times, you use pre-1965 u.s. coins for that.
The gold is for carrying your wealth THRU the hard times, so you”ll have it on the other side.
Otherwise you end up trading a krugerand for a can of spam and a twinkie!
Personally, I go by “He who has the lead, will GET the gold”, but then I don’t have several $100,000 that I want to preserve for my progeny. If i did, I might put some in Gold and Silver, but I would still diversify.
Gold is sold in bars and coins. You can’t buy gold where the weight isn’t obvious.
It’s never too late to stop anything. Thinking that anything is a given is as foolish as it gets.
Vote Trump in… overwhelmingly! If you remember, we have the new Gold Reserve equivalent (oil & gas) underneath us that will put us on the road to recovery… Drill, Drill, Drill (as Trump recently texted on Truth Social).
Another observation – note the massive difference between poorly run banks and well runs banks. At the poorly run end you have 12,000 jobs cut, at the well run banks 500 or less. It isn’t the size of the bank either that is the difference.
Yesterday in my local Chase bank in Palmetto, FL, I walked to the counter to withdraw $1,000, pay for a money order, and order a replacement debit card. Was out the door in under five minutes. No hassles, very pleasant and efficient. Does this track with anyone else?
Following the “cryptocurrency bubble“, according to FIDIC [1], five Banks with total assets of $ 548.7B (’08: $ 373.6B) collapsed in ’23. These are four most significant failures:
[1] FDIC: Failed Bank List
30 year rates ticked just below 4% today. Nasdaq ,dow and spy up over 15% in last 6 weeks and all near all time highs. Have been out of market for almost a year so I have not reaped any benefits. Down here in sw fl. it certainly seems like more houses for sale , prices down a little , as the rise in hoa fees, homeowner and hurricane insurance and food inflation is finally having an effect.
I realize some will say how it’s all manipulated but to all those Ira’s and other retirement investments which will bring some smiles at end of years statements , surely everyone’s finances are not all doom . Just looking for some answers as the stock market seems to not reflect all the doom and gloom that I and many on here see. Technology and bank stocks have been on a year. What gives?
Pray and help others
Marc….it’s about timeframe….and probability.
Look at the curves for one of the exchanges over, say, 100 years. Long-term trend is up. But there have been calamitous declines.
The individual has to decide what is unfolding and personal risk tolerance.
The individual has to decide on the mix of defensive measures and worthwhile opportunities to pursue.
The comments in this thread are largely pointing at the “signals of difficulty” that are gathering on the horizon.
Stay positive – but protect your interests at the same time.
Sermon over!
I weep for what is on the horizon with the election. We must keep the faith, yet not be like sheep and unwise as we prepare and cope with what is coming our way.
Without Super political servants, we are in YUGE trouble. Pray!
I don’t live in a large town, but 3 banks have closed and several ATMs were physically removed. It’s getting more difficult to withdraw cash because the remaining ATMs keep “glitching” and refusing to allow withdrawals. I thought it was the chip in my card but spouse’s card does the same thing yet both work at checkouts.
And guess who really pays for the bank failures… primarily depositors & shareholders. The assessment should start to hit banks soon…
https://www.reuters.com/markets/us/fdic-board-discuss-special-assessment-fees-banks-2023-05-11/
I guess Chase is outright closing many branches.
How can we invest in BRICS?
All those new IRS agents…….
Banks are consolidating. My bank has been closing branch offices for years. The large banks that acquired failed banks after 2008 closed thousands of branch offices due to redundancy in the service areas.
Also, online banking and ATMs are replacing tellers.
I’m still not convinced. The western ignorance of the potential for the Russian economy; the western hubris to believe that the majority of the world’s countries would align with the US/EU….these characteristics could certainly prevail and allow western ‘think tanks’ to believe that the strength of the petro dollar, the ‘strength’ of the US military (prior to its showdown in Ukraine), etc., would isolate Russia, along with the attempt to remove any clients for Russian fossil fuels. The ‘walling in’ of the US financial system may have been an unintended consequence, exacerbated by the brilliance of Russian ‘chess moves’ on the world stage. Just my opinion.
Please take some time and search YouTube for David R Webb: “The Great Taking” and understand how the CENTRAL BANKS are going to TAKE your assets, literally and figuratively. Over the last 50 plus years they’ve managed to change the UCC code and there is nothing WE can do about it……The SCOTUS has allowed it to happen and its been codified in LAW. Frightening actually!
Bank bailout funds are also being dispersed with a brisk pace. The Fed is suggesting that rates will now be drawn down. That’s election year bullshit.
Fixing the relationship between the government and the banks will require a constitutional amendment, should be considered at both state and federal.
I only take cash for my carpentry work. All about the Benjamins.
cross posted at https://freedomaustralia.freeforums.net/thread/4539/dollar-based-cbdc-western-finance
I see a lot of references in the comments to various youtubers. One that I listened to suggested that the Fed may lower rates in 2024 (election year!), but that will only be temporary. There will be, according to what I listened to, a very tiny opportunity to either unload a house or snatch one up. The timing – Spring. Then, rates will go through the roof and so will inflation. If you don’t get your timing right, you will be in a bind. It feels like most of us just need to sit tight and weather the coming financial storm, if at all possible.
You have no idea how bad things are until you realize we have no ability to supply our own manufacturing base with key raw materials.
What happens when bubbles burst?
Recommend researching how property ownership definition (and legal protections) has quietly been radically restructured since the dot com crisis.
The elevator speech: senior creditors now enjoy “legal certainty” and “safe harbor” – i.e., priority – to seize financial intermediary assets that had been used as collateral when these intermediaries (banks, brokers, brokerages, etc.) default (insolvency). Now think about all these complicated derivative instruments that bundle and re-bundle securities – there’s trillions and trillions of dollars locked into these tranched creatures. It’s all been one colossal pyramid for transferring wealth to the very top. It’s the scam of all scams. EU, btw, has implemented the same regs. No judicial proceedings required – digitization enables immediate seizure.
Take a gander at David Rogers Webb’s The Great Taking some time. An easy read. A real eye opener.
Note: the book is available as a free .pdf download on the I-Net.
The Great Taking :- Y’all might want to watch this, and spread it, David Rogers goes into great detail explaining what is behind all this, it takes a while to get past the background to the “nuts and bolts” the fact that he offers the book free as a pdf adds credibility IMO
https://www.bitchute.com/video/CKEMqbXtraY6/
Having watched the documentary with a modicum of financial understanding set off the alarm bell regarding its creation.
Watching it with someone who does not understand the jargon caused me to realize that this film was not created for the average joe.
If Webb wanted to reach the common man, he would have utilized other language so that a deep understanding would have been grasped 1st time viewing. I could and did do that for the person next to me.
Why is Webb in Sweden? Why does an expat care about America?? Does he think he has really found a refuge? How convenient for him and how nice that he warns others.
The truth about Dodd Frank and the continuing creation of mechanisms for destruction have been around and shared often. The populace refuses to hear.
I walked away from this film believing that the globalists had put it out for consumption.
It is important to remember that one of their key philosophical beliefs is that as superior beings they have a moral and ethical responsibility to tell the minions what it is they are about to impose upon them.
Sundance, right as always. Thanks for all that you do to educate the rest of us. Have a prosperous and blessed new year.
This is why the first place I visit every morning is theconservativetreehouse.com.
excellent insight, we are doomed
Sundance, I have read and reread your postings on this subject each time you put them to virtual pen and paper. As I sit and scratch my head and sip my coffee, I wonder would a dollar based digital coin be so bad since it seems that the tide is pushing us all into some form of digital currency. In my day to day life, I make a big effort to use cash though I am getting to the point of having to carry way too much cash due to the cost of everyday goods. So, have we reached a tipping point?