An old joke about economists has one posed a question; “How has the French revolution affected world economic growth?” The economists answered; “Too early to say” (lol). Well, it is not too early to say how covid affected global growth. It made the rich much, much richer and it is creating a new slave class.
The Great Interruption A Shortage Of Everything
Largest margin call ever, negative interest rates in the US and another ship runs aground blocking a river in the UK all the while eyes were diverted to the Suez.
An old friend reappears…Gregory Mannarino…..not because of his financial advice but because I like the cut of his jib. His financial advice is usual sound even what he says about BitCoin which has made a lot of people big profits. My objection to BitCoin is that it is an operation to suck in all the players and I think it is for that reason that the price of gold is being suppressed. As I have said before it is not my intention to offer financial advice but I like to follow what is happening because mammon rules the world. Gregory is entirely correct in what he says about the Central Banks and the Federal Reserve.
IMF Silently Creates New Money Layer, Why You Need to Leave the Banks: Willem Middelkoop
This was actually very informative -recommended viewing.
The International Monetary Fund’s special drawing right (SDR) – the international reserve asset created in 1969 to prepare for a new dollar crisis – is undergoing a renaissance with important worldwide repercussions says Willem Middelkoop, author of the Big Reset. “The announcement of the largest-ever increase in SDR allocations, which will greatly improve the liquidity of many developing nations, signals alignment between the US and China in a key area of global monetary power,” he tells our Daniela Cambone.
Ron Paul: Gold and Bitcoin are at risk of government crackdown (Pt. 1/2)
The best way to protect against economic turbulence is with hard assets like precious metals and real estate, but even these are under threat from the government, former Congressman and host of The Liberty Report, Ron Paul, tells Michelle Makori. “The government is a threat,” Paul said. “They will crackdown because they have the ability to do it. We had a taste of [a free society]. If you don’t know where to start, just start with the Constitution, that might give you an idea of what a free society is all about.” Paul noted that this “crackdown” could take the form of taxes.
I have tagged this under economics but also under food. You can print as much money as you want but in the end you can’t print food.
The way to hedge against this is of course to store extra food. Many are also finding a store of value. Historically gold and silver have been the way to ride out periods of hyperinflation. However, I cannot see you going to the supermarket with a gold bar or silver coins. Many are turning to Bitcoin which has rocketed from one dollar to nearly sixty thousand. Many people have become millionaires riding the Bitcoin rocket. There are also many other digital coins like Monero etc. But again, these are stores of wealth and not transactional.
What do I think? Well, I approach things from a Christian perspective and I am not here to give financial advice. My opinion (for what it is worth) is that we are in a period of transition before we go fully digital. This has been planned for decades and they are purposely crashing the economy. Is Bitcoin a psyop? I really don’t know but the fact that the likes of MasterCard and Banks are considering using it means that it is not as “alternative” as many anarcho-capitalists would suggest. It is supposedly peer to peer and blockchain protected etc. but I doubt that it cannot be compromised. I have misgivings. As a Christian I know that I cannot take my wealth with me and that it is essentially worthless. It must be used to help others through this crisis and if we can find a means to circumvent the system that is well and good. The longer we can retain independence from the system the better because it enables us to prepare and witness. If you think that PM or digital money can buy you more time to resist then by all means.
As far as digital money is concerned the weakness is two fold (even with a distributed blockchain) -firstly Israel has an internet kill switch (think here of Stuxnet) and secondly (more importantly) God has a kill switch in the form of a solar flare (micro-nova). When we get a global grid down all you digital currency will be useless as well as all your technology. So, by all means diversify but be careful. A new age is coming and you cannot buy your way in.
Here follows another video by Jeff and Lucy which is worth watching. He is of course spruiking Bitcoin and I wish him luck. It is a bit like owning shares that are shooting up. The only value they have is on paper until you actually cash them in you have not made a profit. Anyway, enough about filthily mammon.
Be Less White, Get Vaccinated and Stay Away from Cryptocurrencies!
The increase in money supply (debt) will eventually result in hyperinflation. Many are trying to hedge against economic collapse by using Bitcoin and blockchain technology. If you bought Bitcoin for a dollar ten years ago it would be worth $48,000 dollars now. Many early Bitcoin investors have made themselves rich and it looks like Bitcoin has still got a long way to run. Watch this Jeff and Lucy video and then see the discussion afterwards:
In Retrospect, It Was Inevitable… USD Collapse, Plandemic, Great Reset and Bitcoin Skyrocketing
This blog is not here to offer financial or investment advice. The reason I post the Jeff and Lucy video is that his observations regarding the collapse are pertinent. However, although money will not save anyone it is good to be independent from whatever monetary system they will impose. Make no mistake the new monetary system will be weaponized to become a comprehensive control system.
So, I understand perfectly the desire to be independent of the system and why digital blockchain currencies are attractive but I become wary when the corporations and Wall Street start adopting Bitcoin. It looks like Bitcoin may become the next control system and all those who thought they were opting out are actually opting in to the Beast system.
Bitcoin IS the global digital currency (reset)! It is the FedCoin/digital dollar. That’s why it was dropped anonymously. You thought BTC was Banker Kryptonite? Why do you think the big tech companies are now moving their excess “cash” positions into it?https://t.co/OBI70YoJ2r
This was all planned years in advance. What better way to introduce a new monetary system than to create a blockchain digital coin that is (supposedly) not under the control of the bankers. Do you believe that? Really?
You can shout “Conspiracy Theory” as much as you want but I guarantee you that we are facing a digital blockchain currency next year. I predicted as much last year on the 18th of September when the Fed started REPO. I told my son that soon millions would be unemployed. I did not know they would use a virus as the scapegoat.
The coming monetary system will capture everyone. They will either convert or bail-in on all savings. Once you are in the system there will be no escape. Non-compliance will result in de-banking. They will track and trace everything. They will be able to tax everything. They will be able to block any purchase they do not approve of.
You should be giving thoughts to alternatives right now….such as this website that lists business that accept Crypto, silver, cash or barter as payment. It is a start. We need to see an explosion of websites and business like this.
Make local contacts with farmers and local farmers markets. People need to start building alternatives. Different ways of trading. Rely on community and build relationships based on trust and mutual benefit. Start building alternatives now.
Brian Gerrish, Mike Robinson and David Scott with today’s UK Column News.
START – Compulsory face masks and a new anti-obesity drive Teachers’ unions call for compulsory face masks for schoolchildren… What is really driving the Covid mask policy…? As Covid infections fall away to almost nothing, masks become compulsory…? Government’s creeping regulations are taking more and more power over people… Asthma UK produces revised mask advice, lacking in factual information UK Column viewer email regarding the danger of masks Official mask advice is reckless at minimum – still no risk assessments provided 15:26 – My Last Will and Testament: Covid threat to last for ever…? Chaos continues: Vietnam evacuates 80,000 from city after 3 positive Covid-19(84) cases CV testing is creating much of the hype and furore surrounding the ‘pandemic’ UKC viewer email regarding Covid-19 and high level NHS opinion on Covid… 20:56 – NHS to benefit from £13.4 billion debt write-off…? Where is the money coming from…? David Scott writes to the Scottish government with NHS debt write-off questions October 2018: SNP to write off £150 million of debt from Scotland’s hospitals Precious metal: gold hits a new record high in UK and USA as Dollar freefall accelerates Jim Grant (Grant’s Interest Rate Observer): a most curious juxtaposition ZeroHedge: is the ‘monetary moment’ sparking a loss of faith in FIAT…? A new historical time is upon us: what will happen next…? All of this is happening under the smokescreen of Covid… West Sussex County Council: an ‘Economy Reset Plan’ is in the offing The ‘great reset’ is coming down to the local level – more ‘climate change’ agenda ahead BBC: Covid agenda pushed hard but virtually nothing on the state of economy BoE Chief Economist Andrew Haldane: there had been a V-shaped bounceback 40:55 – Defence Secretary Wallace: we are putting Space at the heart of Britain’s defence Russiagate Fake News: Steele dossier now completely debunked 47:03 – BBC: what the heroin industry can teach us about solar power Almost 80% of Afghan opium now comes from the South-West, including Helmand BBC report suggests opium production is part of the ‘green’ economy Afghan opium production virtually stopped in 2001 under the Taliban… 53:27 – Free to Disagree campaign launches in Scotland Hate Crimes Bill makes it possible for people to be prosecuted over remarks made at the dinner table Still no definition of ‘hate’… Book recommendation: The Politics of Heroin by Alfred W. McCoy
You are probably asking yourself what Wu-flu has to do with money. In fact, it has everything to do with money. As we have already intimated it will be used to bring the whole system down. They need an excuse and they need fear to move onto the next stage. The climate hoax is not really working so they have to up the ante. The next video’s are about finance….they are connected with what is happening so watch them.