If you owe the bank a million dollars, you're in trouble.
If you owe the bank a billion dollars, the bank is in trouble.
If you owe the bank a trillion dollars, we're all in trouble.
The coming crisis will not have a single cause. This will be a multifactorial event whose causes will have interacted for such a length of time, and in such a specific way as to cause what may be the largest international crash in history.
We have inflated asset prices. This means we are looking at a potential housing bubble. We also have corporations and investment firms of global scale buying up housing by the entire neighborhood PRIOR to the crash. 1
This means people will be poorer at the outset of this crash because they will own less and have less equity. Their only choice afterward may very well be renting from Blackrock, Blackstone, or some other Globo-Corp.
Bonds are also spiraling. We’re currently facing the worst bond drawdown in history as the global bond market dumped $2.6Trillion based on the Bloomberg Global Aggregate Bond Index. The drawdown has now edged past the 10.8% drop in the global bond index during the 2008 crisis.
We have excessive and foolish leverage practices across the financial system and global economy as a whole. This means heavy borrowing at risk without proper grounding. The time of reckless money is coming to an end in the next 18-24 months.2
We have a Mainstreet-Wallstreet regulatory mismatch that allows for corporate existence to flourish while strangling out the everyday businessperson.3 This is to say we have both onerous financial regulations that prevent safe, ground-level growth in the Mainstreet economy, AND lax financial regulation of Wallstreet in that regulators perform their regulatory duties extremely poorly and in a politicized way (regulatory capture) when monitoring the larger, more complex Wallstreet economy.
We have record setting 40-year high inflation. The CPI just hit 8.5% and while not showing signs of actually slowing, all reporting agencies are already claiming the worst is over and the economy will improve from here forward.4
Among the developed economies, the United States CPI inflation is on top. You have to go to Brazil or Russia to get more inflation.
We’ve seen 40% of the entire money supply printed in the past 2 years and to this day the money printers go “BRRRrrrrrrrr”. During all of that interest rates were at 0% for 2 years which promoted further recklessness from the fed and everyone chasing handouts.
The wage-price spiral has kicked in, and trillions of dollars in excess liquidity from the money-printing binge, and from the federal government giveaways, are still floating around among businesses, state governments, and consumers, and they’re going to spend this money.
We have continued stumbling in the global just-in-time supply chain that hasn’t been as steady as it was prior to the first March 2020 global shutdown. Raw materials are in short supply, international relations are shifting, and geopolitical realignment is occurring.
We are seeing grain, wheat, and other food stuffs facing massive shortages due to war and mismanagement that will affect globally nations of various sizes and scale.5 Those poorest when it all comes down will starve first. The rest of us may starve later.
Oil and gas are high in cost and instead of ramping up global production, we are limiting production in hope to force growth in an uncertain “Green” economy that has neither proven itself able to stand up without massive government support, nor has it proven itself capable of producing enough energy to meet global demand even when viewing production through scale.
We’re seeing a system that isn’t yet ready and may not be capable of meeting global energy needs supplant something of value that is capable if only it were allowed to be.
We have an educational system that is producing less and less capable westerners, specifically Americans. We are replacing STEM careers and the trades with ideological teachings like gender studies and the Maoist-based Critical Race Theory.
Birth rates in the US are declining and have been for several decades. As population declines, the ability to meet global demand only worsens. This will persist as material wants will exceed available productive resources.
And then you get to media and the lack of insight people have into what is actually going on in the world around them every day. People tend to believe one of two contrived narratives, both of which are falsely produced by legacy outlets.6
An uninformed populace is vital when looking towards tyranny. Educated and informed citizenry are required of any people wishing to be free and capable of self-government. The likelihood that we enter post-realignment as free as we are today is zero.
We’ve already lost significant freedoms, trialed lockdowns, jailed those who don’t obey political narratives, and practiced ourselves in the ostracization of those that are said to be “other” by our leading figures in government and press.
And as for the monetary side of the house, the fact of the matter is we're in a recession now that is masked by money printing and years of 0% interest rates. It’s like having a cold but taking Nyquil. You still have the cold, the symptoms are just hidden. Take away the Nyquil and you realize just how sick you really are.
The coming crash may end up being a perfect storm.
Let us take a closer look at individual aspects of what is the 2022 State of the American Experience:
CHINA, RUSSIA, AND THE DOLLAR
In 2015 90% of China and Russia’s bilateral transactions were conducted in dollars. By Q1 2020 46% of their bilateral transactions were conducted in dollars. De-dollarization results in a Defacto Alliance.
They've been doing this since 2014.7 It is now a matter of when, not if.
Traditionally the dollar has had three major advantages to other currencies: the ability to maintain value in the form of limited inflation and depreciation, the sheer size of the American domestic economy, and the US having financial markets that are deep, liquid and open.
We have lost #1: Limited Inflation is no longer limited. While it may not yet be astronomical, it is at +40yr highs and no longer considered transient. #2 has been sidestepped by China as their Domestic Economy is now massive by any metric. #3 still stands.
Economic sanctions are a powerful tool in general. However, when overused (and they have been) those on the receiving end start to look for solutions. And that is just what has happened. China has made sure our sanctions have limited effect and Russia has made efforts as well.
China and Russia have an economic agreement in place that allows them to gain access to the other's currency without having to purchase it on the foreign exchange market. This has been going on since 2014.
Fastforward to June 2019 and Putin & Xi decide to settle all transactions between each other's nations in native currency and develop systems independent of SWIFT by conducting trade in rubles and yuan.
But here is what few seem to recognize. Russia has been rapidly accumulating yuan reserves at the expense of the dollar. In early 2019, Russia's central bank revealed that it had slashed its dollar holdings by $101 billion -- over half of its existing dollar assets.
One of the biggest beneficiaries of this move was the yuan, which saw its share of Russia's foreign exchange reserves jump from 5% to 15% after the central bank invested $44 billion into the Chinese currency.
As a result, Russia acquired 1/4 of the entire world's yuan reserves.
Russia's sovereign wealth fund has also begun investing in yuan and Chinese state bonds. This blind to reality concept that Western leadership has of "The US dollar will always be the world's reserve currency" is based on old truths that are slipping as our head is in the sand.
These things take time, and I am not saying that the culmination of de-dollarization happens tomorrow. But make certain it IS happening as a process over time.8
Those who say "Show me where the dollar is not..." don't get it. You're watching the bomb fall through the sky saying "well no explosion has happened yet". By the time we have examples of the developing world primarily trading in something other than dollars it will be too late.
These 2 nations are working to get away from the dollar.9 They have agreements in place to this effect. Their economies and financial industries reflect this shifting reality. We can continue to ignore it, or we can recognize it & adjust certain practices to strengthen our nation.
2-YEAR & 10-YEAR YIELDS:
The difference between the US 2-year (just under 2.40%) and 10-year (just under 2.40%) yields just fell below 0.0% (or "inverted") for the first time since 2019. Over the past 70 years, this has been a reliable indicator that a recession is coming within the next 18-24 months. 10
The 2s/10s inversion comes after multiple inversions on other key parts of the US curve like the 5s/10s and 5s/30s have been inverted for a while now. 11
Market participants often interpret an inverted yield curve as a sign that monetary policy in the short-term is overly tight, or more broadly, as a reflection of expectations for weaker longer-term growth versus short/medium-term growth.
The U.S. Treasury yield curve had been flattening but now the 2s/10s, 5s/10s, and 5s/30s are all inverted as investors price in an aggressive rate-hiking plan by the Federal Reserve as it attempts to bring inflation down from 40-year highs.
There is "at least" a one-in-three chance the US economy will have a recession over the next 12 months, said Moody's Analytics chief economist Mark Zandi. Note this statement was made BEFORE the 2s/10s inversion occurred, meaning this is extremely likely. 12
HOUSE-PRICE-TO-INCOME RATIO
Accounting for inflation, home prices have leapt by 118% since 1965, while median household income has increased by just 15%. Home prices have increased 7.6x faster than income since 1965 and 3.1x faster than income since 2008. 13
Between 2019-2021 the average house-price-to-income ratio rose to 5.4, more than double the maximum of 2.6 experts (and lenders) recommend! From 2019 to 2021, the pandemic drastically increased the average house-price-to-income by 14.9%. 14
Where do we stand today? 40% of our entire money supply has been printed in the past 2 years, inflation is not transient, a wage-price spiral has begun, goods and services are more costly, supply chain issues persist, and commodities and oil prices are rising while demand remains.
What has this, among a myriad of other things, done to housing? Let's take a look! 15
In 2022 the average sales price of a new home has reached an astonishing $453,700! According to the latest data from the U.S. Bureau of Labor Statistics (BLS), the annual mean wage for a full-time wage or salary worker in the United States is $53,490 per year or $1,028 per week.16 17
We’ve reached the dreaded factor of 8! So, what is this factor of 8 and why is it so scary? Lets take a look at the deep dive Schroders did of the UK housing market to see just how this correlates to our situation here in the US.
Before today, this eight-times house-price-to-income ratio has only been breached twice previously in the past 120 years in the UK– once just prior to the start of the financial crisis and once around the start of the 20th century.18
As house prices have risen from around 4x average earnings in the mid 1990s to more than 8x more recently, affordability has deteriorated dramatically for first-time buyers (most mortgage providers apply constraints on the amount they will lend as a multiple of earnings).
This has contributed to UK home ownership rates falling to 62-64%19 in the past five years, levels last seen in the early 1980s.20
If we examine what we know about the US with what Schroders provided for the UK, we can clearly see what an issue reaching this factor of 8 is. In the UK they have reached the point where the trendline looks like it is about to break upwards in a big way towards 2040. 21
There is a similar breakout-divergence in the US. The American dream of steady employment, wage growth, and homeownership has become increasingly elusive for generations. If this trend continues, we will only see a widening in that gap. 22
This means fewer individual homeowners, less generational wealth, and greatly reduced movement between economic classes.
If you are born poor, you will stay poor. And if you are lower middle class, you will now stay lower middle class as the primary driver of class movement and wealth building (home ownership) is headed towards extinction.
Low-wage service workers and those in blue-collar industries are hit hardest by high house-price-to-income ratios. The only solution to this (if we don’t adjust course) are Single-Family Rentals and Urban Housing Units all of which are increasingly owned by investment firms.23
1/3 of homes bought in the last few years were bought by institutions or individual investors. Blackrock's $10billion surplus can purchase mortgages on 130-170k homes every year with 5-20% down. Remember, they're Fed backed so it's really our money. 24
As we know, institutional investors like Blackrock, Vanguard, Lloyds of London, Blackstone and the rest aren’t buying up these homes and converting them into SFR’s because they’re looking out for your best interest.25
It’s because we are witnessing a global shift of wealth that will benefit the very few and will usher in a new era of Modern Feudalism. And as this shift happens, we will see significant markers that demonstrate ominous market shifts. This factor of 8 is one of them.
RAIL DELAYS AND THE IMPACT ON FOOD SUPPLY:
US Rail Carriers are cutting US fertilizer, grain and coal shipments by 20% or more.26 The limits Union Pacific is putting on rail traffic to clear up congestion will delay shipments that farmers rely on during the spring planting season.
CF Industries CEO Tony Will: “Not only will fertilizer be delayed by these shipping restrictions, but additional fertilizer needed to complete spring applications may be unable to reach farmers at all."
The limits will affect fertilizer deliveries to Iowa, Illinois, Kansas, Nebraska, Texas and California from its plants in Louisiana and Iowa. CF Industries is one of just 30 companies Union Pacific imposed restrictions on.
Ranking of States That Produce The Most Food27:
California #1
Iowa #2
Nebraska #3
Texas #4
Illinois #6
Kansas #7
The states listed account for roughly 40% of US food production. If 20% of their combined yield disappears because they lack an equal amount of fertilizer that could mean at a basic level up to 8% of total US food production for the timeframe in question simply isn’t grown.
Compound this with the potential that what fertilizer does show up may be arriving late, thus throwing off both planting and growing timeframes, the numbers could look far worse.
Fertilizer, Grain and Coal are all being throttled in their shipments to these MAJOR producers at what is perhaps the most critical time of year to make sure planting occurs on schedule so that output is maximized.
In addition to this, diesel exhaust fluid (DEF), which diesel engine vehicles such as semi-trucks require for their mandated emissions control systems are also being limited. Farming relies on semi-trucks for a whole host of end-to-end production and delivery actions.
Global food supply prices have risen sharply since 2020, shortages are appearing across the system, major wheat and grain production issues due to conflict in Ukraine loom large, and now 6 of the 7 largest food producing states in the US face new shortages prior to planting.
If you remember Biden's recent statement: "The price of the sanctions is not just imposed upon Russia," he added. "It’s imposed upon an awful lot of countries as well, including European countries and our country as well."
"While we're not expecting a food shortage here at home, we do anticipate that higher energy, fertilizer, wheat, and corn prices could impact the price of growing and purchasing critical fuel supply, food supplies for countries around the world," Jen Psaki said. I suspect this is bullshit. =
Limiting Fertilizer, Grain, Coal, and DEF to the soul of American food producers with current supply chain issues, 8.5% inflation, record fuel costs, the 1st interst rate hike in years, the 2s/10s flipped, & global dollar confidence at an all-time low tells a different story.
In May of 2020 Joe Biden seemingly predicted his own future failure when he projected them onto Trump a “leadership problem”, “not a food-shortage problem”28. And now he's right! We have a leadership problem and as he put it recently: "With regard to food shortage...it's gonna be real."29
2/3 (64%) of American consumers are living paycheck to paycheck and they're all going to pay more and more for food as we head deeper into 2022 and beyond.
Leadership that works for everyday people must emerge and right the ship. Right now we're taking on too much water.
We're no longer in a sustainable place as a nation and as the band aid comes off over the course of the next year or two real damage is going to occur.
EXPROPRIATION OF YOUR SAVINGS AND NO TSAR TO CHASE OFF
The Government won't confiscate your savings account to make you a peasant. They can expropriate the value through inflation. As the government gains purchasing power by printing money to cover its budget deficits, the resulting inflation diminishes the purchasing power of your savings.
This is why responsible, conservative monetary policy matters. We're spending our way into a really poor future for our children and grandchildren, and no one on either side of the aisle seems to care.
Price increases over last year
Gasoline: +49.6%
Used Cars: +37.3%
Gas Utilities: +24.1%
Meats/Fish/Eggs: +12.5%
New Cars: +11.8%
Overall CPI: +8.5%
Food at home: +6.5%
Electricity: +6.3%
Food away from home: +6.0%
Apparel: +5.8%
Transportation: +4.2%
Shelter: +4.1%
The value of your dollar, your spending power, your dollar's ability to compete in an open market is vanishing.
The mechanisms behind Russia's 1st hyperinflation began with the devaluation of the ruble during the WW1. The Imperial government's military expenditures led to large budget deficits, which it financed by issuing unbacked paper currency after leaving the gold standard.
The Tsar abdicated in the midst of a failing war effort, economic decline, and political unrest. After the first revolution, the Provisional Government took charge of a country in turmoil and made the situation worse
with bigger deficits and printing more money even faster.
After the 2nd revolution, the Bolsheviks did the same. This also happened in Austria, Hungary, Germany, and Poland. The consequences of war, destruction, territorial loss, political turmoil, and bad economic policy were enough to cause hyperinflation in all of these countries.
In the US we're experiencing +20yrs of war, shifting of global hegemony, supply chain breakdowns, internal political turmoil, targeting of citizens labelled dissidents, and bad economic policy with runaway fed printing.30
The most typical mistake that countries have made throughout history when facing these issues is to continue with financing government budget deficits by printing unbacked paper currency. Time and again nations have failed because of this. We are walking into folly.
TITLE 42 - OPEN BORDERS AS THEY RELATE TO TAXES:
NOTE: In 2010 one of the most comprehensive studies31 of the tax associated burden that illegal immigration creates was undertaken. Here we will use those numbers outright, and know that each number must be adjusted upwards by 35.8% to account for inflation as its stands today.
When the estimated tax collections from illegal aliens are subtracted from the estimated expenditures, the result is a net fiscal burden. Compared to the federal net fiscal burden of about $19.3 billion, the collective net burden at the state and local level is about $80 billion.32
Federal outlays resulting from illegal migration amount to about $29 billion per year. those costs are only partly offset by tax collections of about $9.5 billion from that same population. 33
At the state level, the outlays amount to about $84 billion annually and tax collection by state and local governments amount to about $4 billion. The combined federal/state net outlay for services and benefits provided to illegal aliens amounts to nearly $100 billion annually.
Perspective: The net federal outlay for illegal aliens represents an annual expense of nearly $288 ($193 net) per household headed by a US citizen. The average outlay at the state level for the same family is about $1,130 ($996 net), for a total of about $1,205
($1,075 net).
Supercharging the system with another 1 million illegal immigrants will cause Federal, State, & Local costs to skyrocket. This means that the burden per US household dramatically increases at a time where inflation is at 40yr highs, goods/services are up, and wages are stagnant.
Apologists for illegal aliens argue that allowance should be made for the value of the goods and services they produce as an offset to their fiscal costs. this is an economic focus rather than a fiscal focus.
This false economic argument makes little sense because it assumes improbably that the jobs done by the illegal workers would disappear if they were unavailable. That might be true for sweatshop and other marginal labor but not for legitimate economic activity.
Are they encouraging unsafe, illegitimate and illegal economic activity? For that is the only set of enterprises that enjoy a boost from unfettered illegal immigration.
As it stands now, the company that is more threatened with being forced out of business is one that is scrupulous in hiring legal workers and having to compete with a company undercutting prices by hiring illegal workers.
In their effort to convince the public that illegal workers are an economic benefit, advocates ignore that many of those workers are exploited. Neither indentured servitude nor sweat shops nor prostitution nor other types of unlawful labor should be rationalized
economically.
Anyone trying to sell you on open borders, or the repeal of Title 42 are advocating a dangerous position. It's dangerous for the illegal migrant, and it's dangerous for those who live and work within the locality in which these unlawful labor practices are encouraged.34
PUBLIC DEBT & BUREAUCRACY
Public Debt amounts to over $29 Trillion USD.35 US Public Debt has been at 100% of GDP since 2012. That’s right! Since 2012 the public debt has been at or above 100% of our Gross Domestic Product only dipping twice to 99%. It peaked in Q2 of 2020 at a whopping 135%!36
A dollar won’t mean anything to your kids. Twenty dollars even less to your grandkids. And your great grandkids will have some other understanding of monetary systems than we do. Just look at the CPI Inflation plotted in Green (8.5% today).37
We have to go back to January of 1982 to top our current rate. Is climbing and American elite are telling us to eat lentils and stop being whiny peasants because of Putin. 38
But anyone with a mind knows that's rubbish.39
Typically, the Federal Reserve would curb its purchases of Treasury securities and consider increases in its policy rate to combat inflationary pressures, as a result the cost of servicing the national debt would rise.
It’s now that you would expect to hear debate about austerity. However, austerity is a foreign word in the US Congress and to US Presidential Administrations. Government will be spend money regardless of whether it continues to hold value, while you carry it in a wheelbarrow to get bread.
Just look at Deficit Spending.
Current U.S. government spending is $4.829 trillion. That's the federal budget for the fiscal year 2021 covering October 1, 2020, through September 30, 2021. It's 20.7% of gross domestic product according to the OMB Report for FY 2021.40
The reason we see increased deficit spending is because the government, regardless of party, views deficit spending as the only way to continually boost economic growth. However, there are clearly other options.
Take Deregulation for example. Deregulation lowers costs of operations, allows more businesses to enter a market, and lowers prices for consumers. These factors can help stimulate efficiency and lead to increased economic growth.
But our government dislikes deregulation. Between 1995 and 2016 there were 88,899 NEW federal rules and regulations with "only" 4,312 of those being laws. In 2016 there were about 18 Rules for every Law passed. The decade preceding it has closer to 27 Rules for every Law passed.41
Under Trump things slowed down. Per Trump's 2-for-1 E.O., "economically significant" regulatory actions and guidance's needed to be offset. There is only one problem. No executive policy can stem a bureaucracy the size of ours (nearly 10 million federal government employees).
The federal government is so pervasive, it can regulate private activity without waiting for Congress to pass a law, and without going through the normal notice-and-comment rulemaking process to which agencies "must" adhere. That threatens conservative and liberal values alike.
Congress has delegated its own authority basically since its inception and this has destroyed our system of checks and balances and the basic principle of separation of powers.
Each branch of government no longer checks the other, rather they seem to sling-shot around one another each taking the lead to further empower government rather than constrain it to its legal, constitutional role
Over time what this means is that Congressional lawmaking, the Supreme Court, and the Executive Branch become less and less important as they are supplanted by Inter-office bureaucrats whose “Rules” weigh more on the lives of everyday Americans than any law ever could.
We’re seeing debt increase. We’re seeing inflation increase. We’re seeing governmental spending increase. We’re seeing both Laws and Rules increase. We’re seeing Checks and Balances disappear.
We’re seeing governmental bureaucrats empower government far beyond its scope. And we’re seeing everyday Americans have less and less of a say in government, while government has more and more of a say in the lives of the everyday citizen.
I don’t know how long this can go on or how long people will stand for the disconnect between themselves and government to increase. But I do know as this divergence happens the individual becomes less important in the eyes of the system.
And that is an immense danger to the livelihood and lives of everyday people.
DMED DATABASE TELLS A DIFFERENT STORY ON VACCINES
US active duty service members from the year 2021 show a marked rise (often 300-500%) in many categories of disease and injury rate when compared to the previous 5 year avg.42
Remember, these are otherwise healthy individuals on active duty:
Cerebral Infarctions up 393%
Bell's Palsy up 319%
Guillain-Barre Syndrome up 250%
Immunodeficiencies up 275%
Immune Thrombocytopenic Purpura up 322%
Menstrual Irregularity up 476%
Unspecified Chest Pain up 1,529%
Acute Myocardial Infarction up 269%
Acute Pericarditis up 175%
Pulmonary Embolism up 467%
DIC - Disseminated Intravascular Coagulation up 1,175%
HIV up 590%
MS/Demyelinating Disease up 487%
Neoplasms up 296%
Nontraumatic subarachnoid hemorrhage/ICH up 312%
Spontaneous Abortion up 306%
Thrombocytopenia up 242%
And the list goes on, and on, and on. The DOD keeps strict medical records. DMED is one of the most accurate databases in the world. These records tell us what is happening. This displays not just the condition of our fighting force, but it displays the condition our sons and daughters, husbands, wives, brothers, sisters, and parents who serve. 43
As we become better and better educated about what is going on this information should have been made public along the way. It wasn't. It was hidden. It was buried. It took Physician whistleblowers to bring this to light. We cannot let censorship or intimidation stop the truth.
This should l look and feel like an overwhelming amount of information and data. That is because it is. And everyone needs to take the time to become educated on information as it comes out so that we can all make the best choices possible for ourselves, and our families.
THE SOUND OF MODERN PROTEST - HONK, HONK
The utilization of infrastructure against a centralized power that controls the infrastructure is the path forward. Any successful, peaceful protest will require the domination of public spaces, infrastructure, and the digital world. Here is the modern protest based on most recent international examples.
The Hong Kong protests give us an example of using the internet in a tightly controlled country against the dominating power, the Chinese Communist government. Protestors have shown that so long as the government requires the internet to be on to maintain control, those resisting can then use that to their advantage. Social media apps44 such as Twitter, Facebook and Telegram proved extremely useful in the broader or strategic sense in that they allowed ideas to emerge, spread, and take hold among those who were both natural activists, ...
as well as among those who may have otherwise remained on the sideline had their digital identity not come in contact with these ideas.
Signal, Whatsapp, and other secure messaging applications proved themselves to be of immense value when looking at things at the more tactical level. These were used to organize individuals, groups, locations, logistics, and actions that were all carried out in protest.
The usage of the Airdrop45 feature on Apple devices was also shown to provide tremendous value to the organizers as it became a keyway in which protest art and flyers were able to be spread quickly and securely across the densely populated city.
When China considered expanding “The Great Firewall” around H.K. it was recognized this would have been of little use as the protestors were adept at the usage of VPN’s, just as we saw with those in Sri Lanka when their own government tried to censor the internet. It didn’t work.
Being able to dominate the digital landscape has shown that success can be had against a centralized authority when exploiting their own infrastructure against them.
We have seen this in our own country during the Summer of 2020 Riots in which Black Lives Matter and Antifa found ways to securely organize, act, and dissipate before police forces could organize a response.46
The utilization of the internet here in the US by these groups gave them immense tactical advantage over the police forces they faced. Through secure messaging apps and telegram channels these groups were able to show up on a street corner at what seemed like a moment’s notice to do immense damage, and like water disappear back into the city. By the time the police had formed a riot line and began moving forward to secure the streets the body of the group was gone while a small stay behind force kept the police occupied while the main element regrouped.
To this day Police forces, and most every government really, do not have a solution for this outside of doing what the Biden Administration did by putting an actual Army of 26,000 troops on the streets to secure a city.47
However, we know this is not tenable in the long run nor able to be done in the dozens of large cities around the country. There are too many issues to list but needless to say it comes down to cost. Government’s fear what costs them enormous sums of money.
And it is with the thought of money that we pivot to the usage of digital currencies as a part of this peaceful revolution and protesting going forward.
The rise of digital currencies, Bitcoin specifically, is yet another example of this. When #BTC debuted in 08 it was a little-known and held no value for most until it began to get adopted. One of the more famous stories is that a man once spent 10k bitcoin to buy a pizza.
This was considered a seminal moment in bitcoins history and demonstrated its utility. However, the government narrative as it pertains to bitcoin is what we are concentrating on here.
In its earliest days the idea that came from government as it related to bitcoin was “What is bitcoin?” As a few individuals tried to expand and adopt its usage, the government began to say, “Bitcoin is basically worthless and only used by a few random people.”
Then, as they began to recognize its utility as individuals on the “Silk Road” began to use bitcoin as a true form of currency and store of value for illegal activity, the government changed its tune to “Well, bitcoin is only used by criminals.”
For the past several years we have seen institutions and government say, “Bitcoin will never surpass gold in value, and it is a fake asset.”48
And now, as governments around the world begin to buy up and adopt bitcoin, we are seeing the US government say “Well, bitcoin is really valuable and therefore we need to begin to regulate it so that we’re in control of the digital financial landscape that it has created.” 49
And I suspect that is what we see. There is so much value in bitcoin and digital currencies that the governments of the world may not try to crush them, but rather they may try to adopt and control them to exploit as much value out of them for their own gain as is possible.
What people need to do is yet again adapt and work to prevent the overregulation and control of this section of the digital landscape by the centralized authority if they expect to utilize it as a form of protest.
Bitcoin, and cryptocurrency generally, is an excellent segway into the control of public spaces by those who wish to retake government and return freedom to the people. The Trucker convoys just had GoFundMe steal their funds and tell them that unless people specifically asked...
for an individual refund that the money would go to leftist causes of their choosing. Avoiding the pitfalls of the larger, corporate platforms like GoFundMe that are responsive to progressive government and woke authority is something people need to steer clear of at the outset.
Utilizing smaller, independent platforms or cryptocurrency to fundraise is likely the way forward if groups are to keep hundreds or thousands of trucks parked across a Capital or major city.
The usage of vehicles to disrupt and shutdown a city is a novel idea that again utilizes infrastructure, this time physical, to dominate a public space and weaponizes that infrastructure against those who control it. The government in Ottawa and other areas of Canada...
are facing an unprecedented protest that is nonviolent and immensely effective. It shuts down the city and costs the government hundreds of thousands of dollars a day to oppose. Should the truckers be funded in a way that cannot be shut down or is perhaps more difficult than simply leaning on GoFundMe they may be able to stay indefinitely. The noise from the honking alone may have their demands for Freedom met.
The honking that is occurring is true psychological warfare and something to be considered by protesters anywhere that find themselves with staying power. The usage of noise has been a tactic of militaries for centuries and known more recently to the public through the usage of rock and roll, rap and pop music against prisoners at Abu Ghraib by the CIA and US Military. The honking is the same concept. It is a stress position for the ears. When it happens without interruption it forces you to forget how to think, what to think, to think only that this could go on for hours, for days, for years perhaps. It causes fear, disorientation, and what is more commonly known as “capture shock”.50
The fact the honking is being done in a city district in which the noise is amplified off buildings only causes it to build and reverberate. What this prolonged capture shock does to a body is that it slows down your train of thought and over time destroys your will to resist.
The utilization of the roads to park the trucks and cause shutdown, and the buildings to bounce the noise off of is making the protest and the horns they are blowing more effective. It destroys commerce, costs the govt, and crushes the will of those who impose mandates.
Should a movement based on freedom from tyranny, freedom from mandates, and a return to good government ever utilize bitcoin and crypto currency to fund itself from the outset, use social media to spread ideas at the strategic level and use strictly secure messaging apps and vpn’s to coordinate tactically, demonstrate the ability to pop up at a moment’s notice and disappear just the same before a counter force can be put in place, yet also have the staying power of the trucker convoy in larger strategic public spaces, and then demonstrate the capture shock effect of the horns I think they could accomplish most any demand they wished.
THIS APPEARS TO BE THE STATE OF THE AMERICAN EXPERIENCE AS IT STANDS.
BE KIND TO YOUR NEIGHBORS,
CULTURALHUSBANDRY, 1776/2022
Expectations data indicate the US is entering recession about now | VOX, CEPR Policy Portal (voxeu.org)
Entrepreneurs and Regulations: Removing State and Local Barriers to New Businesses | Cato Institute
US inflation jumped 8.5% in past year, highest since 1981 | AP News
With record-breaking prices, here's how much gas might cost this year (cnbc.com)
Americans' Trust in Media Dips to Second Lowest on Record (gallup.com)
https://asia.nikkei.com/Politics/International-relations/China-and-Russia-ditch-dollar-in-move-toward-financial-alliance
https://valdaiclub.com/a/highlights/brics-pay-single-payment-system-of-the-brics/
Recession risks are 'uncomfortably high and moving higher,' Mark Zandi says - CNN
U.S. House Prices Are Rising Exponentially Faster Than Income (2021 Data) (realestatewitch.com)
• Average new home sales price in the U.S. 2021 | Statista
What does centuries of UK housing data tell us? - Private Investor - Schroders
How Many Years of Income Does a Home in Your City Cost? - Bloomberg
Fertilizer company complains about railroad shipment limits - ABC News (go.com)
Biden On Food Shortages: ‘It’s Going To Be Real’ | The Daily Wire
https://dc.etsu.edu/cgi/viewcontent.cgi?article=2667&context=etd
The Fiscal Burden Of Illegal Immigration On United States Taxpayers | FAIRUS
The Fiscal Burden Of Illegal Immigration On United States Taxpayers | FAIRUS
https://trmlx.com/wp-content/uploads/2022/02/DMED_Report_-_26JAN22.pdf
Covid - A Second Opinion: US Senate Hearing on DMED Database (youtu.be/9jMONZMuS2U)
https://www.cnn.com/2019/08/29/tech/hong-kong-internet-block-emergency-powers-intl-hnk/index.html
https://qz.com/1660460/hong-kong-protesters-use-airdrop-to-breach-chinas-firewall/
https://www.theguardian.com/media/2020/nov/07/nobody-can-block-it-how-telegram-app-fuels-global-protest
https://www.theguardian.com/us-news/2021/jan/20/capitol-breach-washington-dc-war-zone
https://www.theguardian.com/technology/2021/dec/14/bitcoin-could-become-worthless-bank-of-england-warns
https://www.forbes.com/sites/jackkelly/2022/01/28/president-joe-biden-is-going-after-bitcoin-cryptocurrencies-and-nfts/
https://www.mic.com/articles/87851/11-popular-songs-the-cia-used-to-torture-prisoners-in-the-war-on-terror
Outstanding roll-up.
Excellent!
Question: given the competing forces, what are your expectations for asset prices (houses, BTC, 'precious' metals) given these forces?
Non-exhaustive list of disparate forces:
- De-dollarization via petro-dollar
- De-dollarization via India, China, Russia et al re: SWIFT
- Inflation and potential hyper-inflation
- Rising interest rates (May and June, +.5% each inbound)
- BlackRock et al buying up massive amounts of properties
- Bill Gates et al buying up massive amounts of land
- Food shortages in the Fall of 2022, or at latest the Fall of '23
- Price-to-Income Ratio
- Wage stagnancy
- Utterly corrupt/inept reactive (not proactive) government
- Continued "Brrrr'ing"
- CBDCs and crypto regulation
- Dark Ages 2.0 (the wilful stupidification/propagandization of the populace)
In any logical world a recession and rising interest rates would lower house costs and raise other assets (BTC, gold, etc). However, this does not seem overly likely given the policy-rhetoric and the sheer number of competing +/- forces on pricing.
Thoughts?
WhatsApp, quick point: owned by FaceBook/Meta, I wouldn't count on this being a "safe" alternative in the near future, if not already.