The trading day just ended, on what may be the penultimate week of
“normalcy” for generations to come. Frankly, I have never been more
scared, as the certainty of my views has never been more powerful.
Which are, that nothing – not Central banks, governments, nor any
“supreme manipulative power” – will be able to stop the unstoppable tsunami
of political, economic, and monetary reality that has already engulfed
large swaths of the “emerging” world; and currently, is heading for the
“developed” world full bore, like a runaway train down an icy mountain,
loaded with nuclear explosives.
To that end, today’s topic is as “philosophical” as anything I’ve penned,
which I believe is appropriate given the circumstances – as it’s one thing to
speak of what will be, and another to experience it firsthand.
Which is exactly what I think everyone reading this blog is about to live
through – as a new, terrifying “normality” replaces what we have known
throughout the entire post-War era.
Economically, we are unquestionably – on a worldwide basis – living amidst
the weakest conditions since the Great Depression. Which sadly, is not
only plunging steeply downhill, at a rapidly accelerating rate, but features
the triple-barreled terminal dangers of historic oversupply; unprecedented,
parabolically-rising debt; and relentlessly hyper-inflating currencies.
And oh yeah, 7.4 billion people fighting to survive in a world of rapidly
declining employment opportunities; rising inflation; and non-existent
savings. Frankly, I’m exhausted with documenting the countless economic
“horrible headlines” each day – like the Cass Freight Index plunging to
nearly its 2009 financial crisis low – so I’m going to take a pass for a
day. Other than to say, that today’s reality-exposing crude oil plunge
– based on news that my vehement prediction of NO DEAL at next Tuesday’s
Algiers producer meeting will in fact be the case – may well be the straw
that breaks the financial markets’ backs.
As when oil inevitably – and perhaps, imminently – crashes below $40/bbl;
and potentially, $30/bbl; the wave of defaults will be at least as
devastating as the 2008 subprime mortgage crisis. As this time, not
only corporations, but sovereign governments themselves will collapse – in
the case of the already unstable Middle East, potentially catalyzing World
War III. Let alone, “other” modern-day lending catastrophes like
“subprime” student and auto-loans, high-end real estate, and countless
corporations that borrowed cheap Central bank “money” to buy back shares at
historically overvalued prices. And oh yeah, I’d be remiss if I
neglected to note that the New York Fed, today, dramatically reduced
it’s (soon-to-be-further-slashed) 4Q GDP “growth” estimate to…wait for
it…1.2%!
Politically, the hell that is about to rain down on the world will be no
less devastating than the worst instances of 20th century authoritarianism –
and in some cases, 19th century and earlier. Former “first world”
nations will no longer enjoy such privilege, yielding massive declines in the
standard of living – that frankly, could never be imagined a few
years back, even at the bottom of the 2008 financial crisis; or, for that
matter, the immediate aftermath of 9/11. Japan will literally plunge
from the first world to the third; “commodity currency” nations will
experience hyperinflation; and Europe will become a neo-feudal hell –
potentially, far sooner than most can imagine, given that Deutsche
Bank of Germany and Bank Monte Paschi of Italy are literally on the
verge of collapse. Which, if one or both go, will be the equivalent of
a nuclear financial explosion.
And yet, the U.S.’s decline will be the most spectacular. Not
because its standard of living will be the world’s lowest – as likely, it
will remain amongst the highest. However, the scope of its
decline will be the largest, given that the U.S. standard of living – like
its PPT-supported financial markets – is more “overvalued” than any other,
relative to its true equilibrium level. In other words, as the dollar’s
“reserve status” dissipates, Americans will be forced to accept the reality
that not only are they broke, but their “money” is worth far less than they
thought. And oh yeah, the world will no longer “subsidize” its
undeserved largesse, so we will be forced to dramatically downsize our
lives. Which, given that the average American already has no
savings, will result in a dramatic expansion of the Nanny State; and in turn,
exploding authoritarianism, and equally virulent monetary inflation.
In other words, beware of what you wish for – as even if you have
been wise enough to protect your financial well-being with Precious Metals,
or any other asset deemed to have “safe haven” status,” the positives
associates with financial salvation may well be offset, or even overwhelmed
by, the negatives associated with a world of 7.4 billion people gone
mad. To wit, there is no precedent for a “debt jubilee” this massive –
which frankly, makes the October 2nd expiration of the 2016 “jubilee year”
that much more interesting, and terrifying. Or, for that matter, a global
fiat currency collapse, in which all 7.4 billion people will be
negatively affected – politically, economically, and/or socially. And I
do mean all.
That said, my principal role in the alternative media – aside from my job
as Marketing Director of one of America’s oldest, most trusted bullion
dealers – is to warn you of the financial ramifications of what’s
coming. Which, after 27 years in the business world, I can only be
confident in physical Precious Metals to provide. Yes, I own a small
amount of Bitcoin, as long-time readers know well – but given its limited
track record, it is still just a speculation; as opposed to gold,
silver, and to a lesser extent, platinum, which I know will protect
me. And trust me, now that even MSM propaganda rags like the Wall
Street Journal and New York Times are actively lambasting
Central banks – shortly, to be followed by CNBC – it’s only a matter
of time before everyone realizes the system is not only rigged, but
collapsing. And thus, that physical Precious Metals provide the best
chance of financial survival.
Before I go – to get some well-deserved rest, before what may well be a
turning point in financial history – I figured I’d list, chronologically, the
events most likely to catalyze the “Big One,” in the next two weeks
alone. Which sadly, represents a mere fraction of the potentially negative
catalysts out there, many of which haven’t yet surfaced.
- September 24th – Obama’s decision to sign or veto JASTA,
the Justice for Sponsors of Terrorism Act
- September 26th – First Trump/Clinton debate
- September 27th – Algiers Oil producer meeting
- September 30th – End of U.S. fiscal year – will there be
a fiscal 2017 budget?
- October 1st – Chinese Yuan inclusion in SDR currency
basket – will they announce increased gold reserves?
- October 2nd – End of the biblical “jubilee year”
- October 7th – September NFP Report
- October 8th – Deadline for Italian Parliament setting
the date for this Fall’s Constitutional Reform Referendum
- ???? – Deutsche Bank, Monte Paschi, Greek “bailout”
discussions
Reading this “list of terror,” you can see why I’m so scared of what
coming – potentially, as imminently as it is inevitable. And
thus, why I more vehemently than ever, advise you to PROTECT YOURSELF, and DO
IT NOW!
