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Brandon Smith: How States And Communities Can Fight Back Against Biden’s COVID Tyranny

Brandon Smith: How States And Communities Can Fight Back Against Biden’s COVID Tyranny

Authored by Brandon Smith via Alt-Market.us,

A war…

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This article was originally published by Zero Hedge

Brandon Smith: How States And Communities Can Fight Back Against Biden’s COVID Tyranny

Authored by Brandon Smith via Alt-Market.us,

A war is coming. I have heard it argued that this war must be avoided; that it is “exactly what the establishment wants.” I disagree. I think globalists like those at the World Economic Forum certainly want enough chaos to provide cover for the implementation of their global “Reset” agenda, but they don’t want a full blown rebellion. They only want events in which the outcome is controllable or predictable – They do not want a massive organized resistance that might surprise them.

Ultimately it doesn’t matter because the war is already at our doorstep. A person has two choices: Fight or be enslaved. There is no third option. There is no walking away. There is no hiding from it and there is no passive solution to it.

Joe Biden’s recent declaration of a federal level nationwide vaccine mandate has all but ensured that conflict is inevitable. Why?  Because it is the first major step towards a two-tier society in which the unvaxxed are cut out of the economy. The next step? Forced vaccinations under threat of fines and imprisonment, the threat of confiscation of one’s children, or vaccination at the barrel of a gun. Needless to say, this was not at all surprising to me. In December of last year I published an article titled ‘If You Thought 2020 Was Bad, Watch What Happens In 2021’, stating that:

There will then be a major push to require medical passports proving a person is not infected to enter into any public place. This means submission to 24/7 contact tracing or getting a new vaccine whenever ordered to. Basically, your life will be under the total control of state or federal governments if you want to have any semblance of returning to your normal life…..New mutations of COVID-19 will be conveniently found every year from now on, meaning the public will have to get new vaccinations constantly, and medical tyranny will never go away unless people take an aggressive stand.”

I have also mentioned often in the past that Biden WOULD institute federal level vaccines mandates and possibly even Level 4 lockdowns. We are not to the point yet of lockdowns by executive order, but the Biden Administration is trying to dive headlong into the control agenda with an executive order stating that all businesses in the US with 100 employees or more must require those employees to provide proof of vaccination or demand employees show a negative covid test weekly (which will be impossible for most people). In other words, the Orwellian rise of vaccine passports has officially begun in the US.

Not only was Biden’s announcement an utter violation of the Constitution and the Bill of Rights, it was also condescending and vitriolic towards Americans who refuse to become guinea pigs for the experimental and untested vaccines. Biden suggested that the establishment “Has been patient, but their patience is wearing thin.”

I have to say, Biden is in for a shock if he thinks we care.

I can’t cover every single lie and logical fallacy in Biden’s speech because that is not the purpose of this article. I can only once again point out some very basic logical conclusions and pieces of scientific evidence which debunk most of Biden’s nonsensical blather. Since he seems to be so interested in why we are “hesitant”, let’s go through this ONE MORE TIME, shall we…

1) The median death rate of covid according to almost every single medical study and every official government tally remains at 0.26% of the infected. Given that around 40% of all covid deaths happen among people in nursing homes with preexisting conditions, it is likely that the actual death rate is much lower. But let’s just say that it is in fact 0.26% – Why is there any need to impose draconian medical controls over a virus that 99.7% of people will easily survive? Why not create a support fund for the 0.26% of people that are truly at risk so they can stay home while the rest of us get on with regular life?

2) Throughout the course of the pandemic in the US the largest percentage of hospital ICU beds that have been occupied by covid patients is 17%. That is the PEAK of covid in the ICUs. For the past few months the percentage has been closer to an average of 8% or less. This is according to the government’s own stats, which the CDC now buries instead of posting openly for easy viewing by the public. So, when the corporate media or Biden claims that the ICUs are “overwhelmed” by covid patients, this is a lie

A new nationwide study of electronic hospital records on covid patients also shows nearly half of covid “hospitalizations” are actually people that are asymptomatic, not deathly sick people as the media often portrays.

3) The experimental mRNA covid vaccines have NO long term testing to prove their safety over the long term. At least none that has ever been released to the public. The average vaccine is tested for 10-15 years before it is approved and released for use in humans. The covid vaccines were rolled out in mere months. Again, there is NO PROOF whatsoever that the covid vaccines are safe in the long term, and there are already a number of examples of lack of safety in the short term. Why would we trust an experimental protein spike vax that has nowhere near the same testing history as the majority of other normal vaccines?

4) Multiple studies in nations with high rates of vaccination, including a recent study from Israel, prove that there is no such thing as a “pandemic of the unvaccinated.” In fact, 60% of infection cases in Israel are actually fully vaccinated people. Furthermore, Israel has found that vaccinated people are 13-27 times more likely to get infected than people with natural immunity, and they are 8 times more likely to end up in ICU.

These findings reinforce data released a month ago out of Massachusetts, where 5100 covid infections were fully vaccinated people and 80 of them died. In other words, the vaccines don’t work so great, especially when compared to natural immunity.

5) Data from the Public Health England and the NHS shows that the vaccinated and unvaccinated have almost identical rate of infectiousness. In other words, a vaccinated person is almost as likely to give you covid as an unvaxxed person.

Now, let’s present some rational questions in the face of this irrational covid circus of fear:

If the experimental vaccines actually work, then how are unvaccinated people a threat to vaccinated people and why should unvaccinated people be forced to take the jab?

If the vaccines don’t work, then, again, why should ANYONE be forced to take an untested and unreliable vax?

Slow-Joe argues that the vaccinations are “safe and effective” against covid, but only seconds later in the same breath he claims that “unvaxxed people are a threat to vaccinated people.” He promotes the lie that this is a “pandemic of the unvaccinated”, then says the vaccinated are in danger. Even a child could pick up on the inherent contradictions in Biden’s claims.

As always, the issue of “mutations” is brought up in defense of 100% vaccination campaigns. But if “mutations” are the concern, then why isn’t the government addressing the fact that a vaccinated population is just as likely if not more likely to create mutant variants of a virus when compared to unvaccinated people? Why are the unvaxxed being singled out as the supposed menace to society?

The biggest question is – Why should anyone submit to covid mandates at all? Mandates are not laws, they are color of law restrictions without legal merit. The bottom line? Unconstitutional orders are not to be followed. This leads us to the state and local strategies for fighting back against the federal passport mandates. Let’s get into it:

Simply Ignore The Mandates And Carry On With Life As Normal

How does Biden plan to enforce these mandates on businesses? If they refuse to go along to get along, what can he do about it? Who would he send to threaten or punish these businesses? Who would be dumb enough to follow that order? Does he plan to send the IRS, the FBI, the Health Department? Someone has to do it, right? And what happens when a business is threatened and a crowd of conservatives in the community come to its defense? What happens when local and state law enforcement get in the way of federal agencies? What is Biden going to do about that? Answer – Nothing, at least not anything direct.

The Indirect Method Works Both Ways

If Biden is confronted with solid resistance to the passports in communities and states, there is really only one path he has left, which is indirect pressure through economic penalties. Biden WILL attempt to force states to comply by cutting of federal funds and tax dollars. This idea might terrify some people because there is a percentage of the population in every state that relies on federal EBT and other programs for their survival. However, the federal government can be punished in the same way just as easily by the states. Let me explain…

Confiscate Federal Lands And Resources

Any state that is cut off from its rightful share of tax dollars can easily claim domain over federal lands and the resources on them. It is the EPA restrictions on these lands that have been unfairly used to kill numerous industries across the country. With proper management, these resources can be used to revitalize state economies and offset any federal funds lost.

Offer Businesses Federal Tax Exemptions If They Relocate

Red states can also punish the federal government by stopping IRS tax collections within their borders and turning the tables on Biden. Numerous businesses would be itching to escape Biden’s high tax rates and would bring jobs and wealth into red states, leaving the conformist blue states in the dust.

Boot Federal Agencies Out Of The State Or County

Local law enforcement is refusing to enforce mandates in many places, which is a good start, but eventually sheriffs and communities may have to remove federal presence entirely in order to stop violations if civil liberties.

Offer Safe Havens For Military Personnel That Go AWOL To Avoid Forced Vaccination

A large percentage of soldiers say they will not comply with federal vax requirements and this is completely understandable given the evidence I just presented above. It would be to the benefit of red states to offer protection for soldiers that leave the military based on the principle of health autonomy. Perhaps they could even help in forming state militias…

Reduce Restrictions On Medical Treatment Facilities – Start Vax Free Clinics

30% to 40% of medical professional depending on the state say they will not take the experimental vax, and they are willing to lose their jobs in the process. Why not get these people with valuable medical skills to come to red states and counties and let them set up clinics outside of suffocating federal regulations? This may even reduce the prices on medical care in many cases.

Form Trade Relationships With Other Free States

Conservatives and constitutionalists need to organize and unify, and the best way to do this is to start with trade. It is likely that Biden will attempt to interfere with imports and the supply chain when it comes to red states, so they will need to stick together economically in order to prevent disruptions to the availability of goods. We need to rethink how states interact with each other and build more independent production and trade instead of relying on overseas suppliers. We will also need commodity backed banks with commodity backed currencies, because the buying power of the US dollar isn’t going to last much longer anyway.

Unify For Defense

If Biden and the globalists continue to push for medical tyranny in states and counties that do not want it, there will eventually be calls for secession. There will also be attempts by blue states to restrict the travel of people from red states using covid passport checkpoints. We all know this is coming. All conservative counties should be organizing localized security through public militias, and state governments should be thinking along these lines as well. If there’s one thing authoritarians HATE more than anything else it is suffering the existence of free neighbors. They will try to stop us from being free, and we must be ready to answer their violence with our own.

Finally, I would like to speak to Joe Biden directly, since Joe was so keen on personally addressing us:

Joe, let me clarify this in the simplest terms possible so that you can grasp it – You are not important. You are not a lawmaker and you are not a ruler, you are an employee of the American people, that is all your are supposed to be. And though you may wish to be a dictator, that’s not going to happen. We will not allow it. I realize that you are a puppet and that your globalist handlers make most of your decisions and write most of your statements for you, so you can pass this message on to them as well: WE WILL NOT COMPLY. It’s not going to happen. Get used to the idea.

We are peaceful people and always have been. Our tolerance of your trespasses thus far is proof of that. But do not mistake our peacefulness as weakness. If you keep coming after us, you will regret it. We will teach you an important lesson in humility; a lesson you and your elitist friends sorely need and will not enjoy. This is a promise.

*  *  *

If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

Tyler Durden
Wed, 09/15/2021 – 23:40


Author: Tyler Durden

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Precious Metals

JPMorgan Turns Positive On Crypto, Sees “A Bullish Outlook For Bitcoin Into Year-End”

JPMorgan Turns Positive On Crypto, Sees "A Bullish Outlook For Bitcoin Into Year-End"

The launch of the first Bitcoin ETF, BITO, even if based…

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JPMorgan Turns Positive On Crypto, Sees “A Bullish Outlook For Bitcoin Into Year-End”

The launch of the first Bitcoin ETF, BITO, even if based on futures, was the culmination of seven years of anticipation for bitcoin bulls and it certainly did not disappoint: the leaks and the actual news propelled the cryptocurrency to a new all time high above $66,000 (with some profit-taking to follow).

Yet despite the clear impact on the price of bitcoin, which has more than doubled from its July lows, not everyone is uniformly bullish on the impact of the first bitcoin ETF. As JPM’s Nick Panigirtzoglou writes in his latest widely-read Flows and Liquidity note, “the bulls are seeing this ETF as a new investment vehicle that would open the avenue for fresh capital to enter bitcoin markets” while the bears “are seeing the new ETF as only incremental addition to an already crowded space of bitcoin investment vehicles including GBTC in the US, ETFs listed in Canada since last February which have been already accessible to US investors, regulated (CME) and unregulated (offshore) futures, and plenty of direct investment options using digital wallets via Coinbase, Square, Paypal, Robinhood etc.”

For its part, JPM – not surprisingly – falls into the skeptics’ camp (we say not surprisingly because for much of 2021, the largest US bank has been publishing bearish note after note, as we have repeatedly detailed, urging clients to ignore the largest cryptocurrency and if anything, to take profits. In retrospect, this has been a catastrophic recommendation for anyone who followed it). 

According to the JPMorgan quant, the launch of BITO by itself will not bring significantly more fresh capital into bitcoin due to “the multitude of investment choices bitcoin investors already have. If the launch of the Purpose Bitcoin ETF (BTCC) last February is a guide, as seen in Figure 1, the initial hype with BITO could fade after a week.”

Here, once again, JPM’s superficial “analytical” approach shines through and we are confident that Panigirtzoglou, who has been dead wrong about bitcoin for the past year, will once again be wrong in his take on BITO. Instead, for a much more nuanced – and accurate – view of the daily happenings in bitcoin ETF land we recommend Bloomberg’s inhouse ETF expert, Eric Balchunas who points to what is clearly an unprecedented, and rising demand for crypto ETF exposure (one can only imagine what will happen when Gensler greenlights an ETF based on the actual product not spread-draining and self-cannibalizing futures). Indeed, as Balchunas pointed out on Thursday, BITO – which is “maybe too popular for its own good”, has already “used up 2/3 of its total bitcoin futures position limits, only about 1,700 contracts ($600m) left bf it hits 5k total. Could hit in next day or two.”

But what about the ramp in bitcoin prices in recent weeks? Surely the anticipation of the ETF launch was the main catalyst? Well, according to JPM the answer is again no, and instead the JPM strategist writes that “while we accept that bitcoin momentum has shifted steeply upwards since the end of September, we are not convinced the anticipation of BITO’s launch was the main reason.”

Instead, as the Greek quant explained before (see “JPMorgan: Institutions Are Rotating Out Of Gold Into Bitcoin As A Better Inflation Hedge“) he believes that rising inflation concerns among investors “has renewed interest in inflation hedges in general, including the use of bitcoin as such a hedge.”

As he further explains, “Bitcoin’s allure as an inflation hedge has been strengthened by the failure of gold to respond in recent weeks to heightened concerns over inflation, behaving more as a real rate proxy rather than inflation hedge.” This is actually correct, and as we have shown previously gold indeed correlates much more closely to real rates that nominals, although in recent months, even real rates suggest that gold prices should be notably higher, perhaps confirming ongoing precious metal price suppression of the kind we have previously documented to be emanating from the BIS.

In any case, JPM also updates a chart we showed previously, the shift away from gold ETFs into bitcoin funds, which was very intense  uring most of Q4 2020 and the beginning of 2021, has gathered pace in recent weeks.

In turn, by putting upward pressure on bitcoin prices, JPM argues that this shift away from gold ETFs into bitcoin funds likely triggered mean reversion  across bitcoin futures investors which had reached very oversold conditions by the end of September. This is shown in Figure 3 via the bank’s position proxy based on CME ethereum futures. Looking at Figure 3, JPMorgan now claims that “there had been a steep decline in our bitcoin futures position proxy” which pointed to oversold conditions towards the end of September triggering a bitcoin rebound. This rebound appears to have accelerated over the past days ahead of BITO’s launch with the blue line in Figure 1 fully recapturing all the previous months’ unwinding. In other words, the price ramp into the bitcoin ETF launch was just a coincidence. Yeah right, whatever.

Where JPM is however right, is in its assumption that a significant component of bitcoin futures positioning encompasses momentum traders such as CTAs and quantitative crypto funds. Previously, the bank had argued that the failure of bitcoin to break above the $60k threshold would see momentum signals turn mechanically more bearish and induce further position unwinds; it also claims this has likely been a significant factor in the correction last May in pushing CTAs and other momentum-based investors towards cutting positions. At the end of July, these momentum signals approached oversold territory at the end of July and have been rising since then in reversal to last May-July dynamics. The shor-tterm momentum signal has exceeded 1.5x stdevs, a z-score that we would typically characterize as overbought for other asset classes but still below the exuberant momentum levels of January 2021.

So with both With Figure 3 and Figure 4 pointing to exhaustion of short covering and more crowded bitcoin positioning in futures, Panigirtzoglou sees bitcoin relying more on other flows outside futures to sustain its upswing. To him, this elevates the importance of monitoring Figure 2, i.e. the importance for the current shift away from gold ETFs into bitcoin funds to continue for the current bitcoin upswing to be sustained.

In our opinion, the main problem for bitcoin over the previous two quarters had been the absence of significantly more fresh capital as shown in Figure 5 and Figure 6. Figure 5 shows our estimate of retail and institutional flows into bitcoin with an overall downshift in Q2 and Q3 of this year. Similarly, Figure 6 shows that the previous steepening in the pace of unique bitcoin wallet creation has largely normalized returning to pre-Q4 2020 norms, again implying an absence of significantly more fresh capital entering bitcoin.

And yet, despite this latest (erroneous) attempt to downplay the impact of the bitcoin ETF, which JPMorgan says “is unlikely to trigger a new phase of significantly more fresh capital entering bitcoin”, by now too many JPM clients are invested in the crypto asset as Jamie Dimon (whose opinions on bitcoin have been an absolute disaster for anyone who traded on them) recently admitted, and so while tactically staying bearish on the impact of BITO, not even JPM’s house crypto “expert” can objective stay bearish in general, and as he concludes, “istead, we believe the perception of bitcoin as a better inflation hedge than gold is the main reason for the current upswing, triggering a shift away from gold ETFs into bitcoin funds since September.”

So with Bitcoin now perceived as the best inflation hedge among non-traditional assets, Pnaigirtzoglou concludes that this gold to bitcoin flow shift “remains intact supporting a bullish outlook for bitcoin into year-end.”

 

Tyler Durden
Sat, 10/23/2021 – 19:10


Author: Tyler Durden

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Economics

Different CPIs

A recent exchange [1] on Econbrowser regarding forecasts of CPI reminded me that — even among the official series — there’s more than one CPI. Figure…

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A recent exchange [1] on Econbrowser regarding forecasts of CPI reminded me that — even among the official series — there’s more than one CPI.

Figure 1: CPI-all urban (blue), and CPI-wage earners and clerical workers (red), s.a., in logs 2020M02=0. NBER defined recession dates shaded gray. Source: BLS, NBER and authors calculations.

 

Figure 2: Year-on-year inflation rates for CPI-all urban (blue), and CPI-wage earners and clerical workers (red), s.a., calculated as log-differences. NBER defined recession dates shaded gray. Source: BLS, NBER and authors calculations.

Inflation for the bundle that wage earners/clerical workers has outpaced that for all-urban, by about 0.6 ppts by September.

Interestingly, the weights for the two CPI bundles indicate that wage earners/clerical workers have a higher weight on food, food away from home, and private transportation, and less weight on housing, than all urban consumers. As elevated housing costs feed into the CPI housing components, the places might switch.

Author: Menzie Chinn

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Economics

Von Greyerz: Shortages & Hyperinflation Lead To Total Misery

Von Greyerz: Shortages & Hyperinflation Lead To Total Misery

Authored by Egon von Greyerz via GoldSwitzerland.com,

At the end of major…

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Von Greyerz: Shortages & Hyperinflation Lead To Total Misery

Authored by Egon von Greyerz via GoldSwitzerland.com,

At the end of major economic cycles, shortages develop in all areas of the economy. And this is what the world is experiencing today on a global basis. There is a general lack of labour, whether it is restaurant staff, truck drivers or medical personnel.

There are also shortages of raw materials, lithium (electric car batteries), semi-conductors, food,  a great deal of consumer products, cardboard boxes, energy and etc, etc. The list is endless.

SHORTAGES EVERYWHERE

Everything is of course blamed on Covid but most of these shortages are due to structural problems. We have today a global system which cannot cope with the tiniest imbalances in the supply chain.

Just one small component missing could change history as the nursery rhyme below explains:

For want of a nail, the shoe was lost.
For want of a shoe, the horse was lost.
For want of a horse, the rider was lost.
For want of a rider, the battle was lost.
For want of a battle, the kingdom was lost.
And all for the want of a 
horseshoe nail
.

The world is not just vulnerable to shortages of goods and services.

BOMBSHELLS

Bombshells could appear from anywhere. Let’s just list a few like:

  • Dollar collapse (and other currencies)

  • Stock market crash

  • Debt defaults, bond collapse (e.g. Evergrande)

  • Liquidity crisis  (if  money printing stops or has no effect)

  • Inflation leading to hyperinflation

There is a high likelihood that not just one of the above will happen in the next few years but all of them.

Because this is how empires and economic bubbles end.

The Roman Empire needed 500,000 troops to control its vast empire.

Emperor Septimius Severus (200 AD) advised his sons to “Enrich the troops with gold but no one else”.

As costs and taxes soared,  Rome resorted to the same trick that every single government resorts to when they overextend and money runs out – Currency Debasement.

So between 180 and 280 AD the Roman coin, the Denarius, went form 100% silver content to ZERO.

And in those days, the soldiers were shrewd and demanded payment in gold coins and not debased silver coins.

Although the US is not officially in military conflict with any country, there are still 173,000 US troops in 159 countries with 750 bases in 80 countries. The US spends 11% of the budget or $730 billion on military costs.

Since the start of the US involvement in Afghanistan, Pentagon has spent a total of $14 trillion, 35-50% of which going to defence contractors.

Throughout history, wars have mostly started out as profitable ventures, “stealing” natural resources (like gold or grains) and other goods–often due to shortages. But the Afghan war can hardly be regarded as economically successful and the US would have needed a more profitable venture than the Afghan war to balance its budget.

US HOPELESSLY BANKRUPT  – NEEDS TO BORROW 46% OF BUDGET

The US annual Federal Spending is $7 trillion and the revenues are $3.8 trillion.

So the US spends $3.2 trillion more every year than it earns in tax revenues. Thus, in order to “balance” the budget, the declining US empire must borrow or print 46% of its total spending.

Not even the Roman Empire, with its military might, would have got away with borrowing or printing half of its expenditure.

TOTAL MISERY AS MR MICAWBER SAID:

As Mr Micawber in Charles Dickens’ David Copperfield said:

‘Annual income 20 pounds, annual expenditure 19 [pounds] 19 [shillings] and six [pence], result happiness. Annual income 20 pounds, annual expenditure 20 pounds ought and six, result misery.’

And when, like in the case of the US, you spend almost twice as much as you earn that is TOTAL MISERY.

Neither an individual, nor a country can spend 100% more than their earnings without serious consequences. I have written many articles about these consequences and how to survive the Everything Bubble

INFLATION IS HERE

The most obvious course of events is continuous shortages combined with prices of goods and services going up rapidly. I remember it well in the 1970s how for example oil prices trebled between 1974 and 1975 from $3 to $10 and by 1980 had gone up 10x to $40.

The same is happening now all over the world.

That puts Central banks between a Rock and a Hard place as inflation is coming from all parts of the economy and is NOT TRANSITORY!

Real inflation is today 13.5% as the chart below shows, based on how inflation was calculated in the 1980s

IMPLOSION OR EXPLOSION

The central bankers can either squash the chronic inflation by tapering and at the same time create a liquidity squeeze that will totally kill an economy in constant need of stimulus. Or they can continue to print unlimited amounts of worthless fiat money whether it is paper or digital dollars.

If central banks starve the economy of liquidity or flood it, the result will be disastrous. Whether the financial system dies from an implosion or an explosion is really irrelevant. Both will lead to total misery.

Their choice is obvious since they would never dare to starve an economy craving for poisonous potions of stimulus.

History tells us that central banks will do the only thing they know in these circumstances which is to push the inflation accelerator pedal to the bottom.

Based of the Austrian economics definition, we have had chronic inflation for years as increases in money supply is what creates inflation. Still, it has not been the normal consumer inflation but asset inflation which has benefitted a small elite greatly and starved the masses of an increase standard of living.

As the elite amassed incredible wealth, the masses just had more debts.

So what we are now seeing is the beginning of a chronic consumer inflation that most of the world hasn’t experienced  for decades.

THE INEVITABLE CONSEQUENCES OF CURRENCY DESTRUCTION

This is the inevitable consequence of the destruction of money through unlimited printing until it reaches its the intrinsic value of Zero. Since the dollar has already lost 98% of its purchasing power since 1971, there is a mere 2% fall before it reaches zero. But we must remember that the fall will be 100% from the current level.

As the value of money is likely to be destroyed in the next 5-10 years, wealth preservation is critical.  For individuals who want to protect themselves from total loss as fiat money dies, one or several gold coins are needed.

So back to the nursery rhyme:

For want of a nail gold coin, the shoe was lost.
For want of a shoe, the horse was lost.
For want of a horse, the rider was lost.
For want of a rider, the battle was lost.
For want of a battle, the kingdom was lost.
And all for the want of a horseshoe nail gold coin.

Gold is not the only solution to the coming problems in the world economy. Still, it will protect you from the coming economic crisis like it has done every time in history

And remember that if you don’t hold properly stored gold you don’t understand:

  • What happens when bubbles burst

  • You are living in a fake world with fake money and fake valuations

  • Your fake money will be revalued to its intrinsic value of ZERO

  • Assets that were bought with this fake money will lose over 90% of their value

  • Stocks will go down by over 90% in real terms

  • Bonds will go down by 90% to 100% as borrowers default

  • You lack regard for your stakeholders whether they are family or investors

  • You don’t understand history

  • You don’t understand risk

The 1980  gold price high of $850 would today be $21,900,  adjusted for real inflation

So gold at $1,800 today is grossly undervalued and unloved and likely to soon reflect the true value of the dollar.

Tyler Durden
Sat, 10/23/2021 – 14:30











Author: Tyler Durden

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