The Coming Financial Abyss

From the reports that come in to me , it appears the U.K. will be following in the footsteps of Sri Lanka , in a matter of months . My incoming information could be wrong , but it looks dire from my observation perch .

 

With frozen prices , What happens when the supplier has to pay more for the energy than what it can be sold for ? Just a guess on my part , but would think " when it ain't there then it ain't there " .

 

I was working with a power line worker yesterday as we put on new brakes on my pickup truck . He has lost his job because the powerline industry can not get material to work on the lines . If a bad hurricane hits , that area may not be able to be rebuilt this time . Likely this situation also extends globally .

 

I'm not going to say that I won't miss it but IF the power went down and stayed down I would survive. I might be a little hungry until my first garden harvest rolls in but after that I will be fine. Fortunatly our winters are generally mild with only a couple of dips below freezing most years. I don't think that we had any freezes this last winter. We will move our outdoor 2 burner cast iron wood stove into the house and be fine.

 

https://www.bitchute.com/video/_6Oa6fqnGTA/ Here is an about 15 minute video of a frank discussion about the " economic collapse of the E. U. . It touches on the collapsing UK and Germany . To be honest though this collapse we are seeing includes basically the countries over the entire planet . I keep finding warnings and someone advising people to prepare , as if they still have time . Perhaps someone with lots of money can still prepare but for the average peasant , that opportunity has passed . The divide between preppers and sheeple is now widening . The day of the prepper is here .

 

Post-SHTF masses of people die. Possums will eat them.

If we eat those possums, is that some variation on cannibalism?

Possums feeding on dead humans ... one wonders what human-fed () possum tastes like. Usually possums are the greasiest critters you'll ever eat. Thus, my kin never ate them. I've killed a grand total of one possums in my life. Thing got into my basement and knocked over a homemade jar of green beans. Totally angered me, so I totally shot it with a .22 revolver -- the thing wouldn't die. Emptied the cylinder. Possum blood all over the place. Had to use stove wood-tongs to grab it and throw it across the road into the brush.

Here's a possum-eatin' how-to video. I just happen to be in the video. I'm the old geezer (gray beard & hair / no teeth).

Actually, that's not me. Homey, he don't eat no possum. And, Homey ain't no Cajun.




Possum and zebra:

 

I have ate racoon a couple of times . I found the meat flavor passable but the meat was stringy and hard to chew up .

 

The East doesn't need the West. The dominant dollar is definitely doomed.

"BRICS president: Russia and India have no need for the U.S. dollar"

https://www.kitco.com/news/2022-08-...nd-India-have-no-need-for-the-U-S-dollar.html

"'We have implemented the mechanism of mutual settlements in rubles and rupees, and there is no need for our countries to use the dollar in mutual settlements,' Russian state news agency RIA quoted Anand as saying.

"Anand added that a similar mechanism is being developed between Russia and China to eliminate the use of the greenback and employ only rubles and yuan.

"This way of paying for goods gives Russia a way to go around the sanctions imposed on the country following its invasion of Ukraine.

"'The BRICS countries are opening up to Russia, offering the opportunity for the country to overcome the consequences of sanctions,' Anand said.

"Russia has also increased its ties with India, as trade jumped fivefold over the past four decades, according to Anand. India has been importing more oil from Russia, while Moscow has stepped up purchases of agricultural products, textiles, and medicine."

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Meanwhile, the euro is getting kicked in the crotch due to industries having to pay exorbitant fuel bills:

"Euro falls to two-decade lows as energy crisis bites"

https://www.kitco.com/news/2022-08-23/Euro-falls-to-two-decade-lows-as-energy-crisis-bites.html

"LONDON, Aug 23 (Reuters) - The euro fell to a fresh two-decade low on Tuesday, dealt a fresh blow by renewed concern that an energy shock will keep inflation elevated and makes a recession in Europe all but certain."
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The O'biden regime's Amerika and the European Union are weak and thus will be crushed. Who owns the gold? Who is willing to kill? The BRICs are set to win. Russia may currently be stalled in Ukraine, but they have theater nukes. China is standing up to the weakened Amerika. The Obama regime and now the Second Obama regime -- the sick O'biden debacle -- have irreparably damaged the former USA's ability to fight. Puppet biden and the European Union have hamstrung the West from having the fuel they need to exist; therefore the communist nations are going to win.

"Russian 'De-Dollarization' Escalates: Begins 'Strategic' Plan To Buy Billions In 'Friendly' Currencies"

https://www.zerohedge.com/geopoliti...s-begins-strategic-plan-buy-billions-friendly

"Ever since March 2018, when Moscow dumped practically all of its US Treasury holdings, Russia has been at the forefront of a global process of 'de-dollarization'. Practically speaking, reducing the nation's dependence on the global hegemon's control of payments and thus everything else.

"China joined the fight more recently but has been increasing its gold reserves while reducing its US Treasury reserves quite consistently for over two years.

"Of course, all of that 'normal' process has been thrown into chaos since Putin invaded Ukraine with sanctions, bans, and virtue-signaling by Washington curb-stomping the freedoms of many so-called 'friendly' nations to Russia (and some un-friendly who simply prefer to feed/heat/cool their citizenry than fall in line).

"Since the invasion, the 'Ruble is rubble' narrative has been crushed after initial weakness in the Russian currency reversed to massive strength amid soaring energy prices (and energy-for-Rubles agreements).

"All of which brings us to a stunning new report from Bloomberg that Russia is considering a plan to buy as much as $70 billion in yuan and other 'friendly' currencies this year to slow the ruble's surge.

"Alexander Isakov, Bloomberg's Russia economist noted that "the purchases will help Russia cap unprecedented real-exchange-rate strength, which is hurting exporters and the budget’s commodity revenues. For neutral countries, these purchases will bring some support for local currencies, help fix their current account issues and help fund commodity imports."

"So, as CFR senior fellow Brad Setser notes, the Russian Central Bank could become the first big central bank to hold the bulk of its reserves in emerging market currencies.

"Currencies of 'friendly' currencies like offshore Yuan, Turkish Lira, and India's Rupee all caught a bid on the report earlier in the day.

"As Ruchir Sharma recently noted, reflecting on the false security many are getting from seeing a strong dollar, the impact of US sanctions on Russia is demonstrating how much influence the US wields over a dollar-driven world, inspiring many countries to speed up their search for options. It’s possible that the next step is not towards a single reserve currency, but to currency blocs.

"Setser adds that "the real lesson of Russia isn't about the dollar (or euro). It is that excess reserve holdings of all G-7 currencies may not be as strategically valuable as thought."

"As Banque de France noted in a July article, recent geopolitical tensions have put the hegemonic role of the dollar, and its potential demise, back into the spotlight. Looking at a new long run measure of global currency competition over two centuries, no global currency leader has been able to sustain such a large lead over its competitors for such a prolonged period.

"Since the 15th century, the last five global empires have issued the world’s reserve currency - the one most often used by other countries - for 94 years on average. The dollar has held reserve status for more than 100 years, so its reign is already older than most."

 

"Why Some Cities May No Longer Be Viable"

https://charleshughsmith.blogspot.com/2022/09/why-some-cities-may-no-longer-be-viable.html

 

--- Here is a video on what we can expect THIS winter . The video covers the United States , Europe and singles out the UK . All preppers and wanna-be preppers should be interested in this video . If someone wants to stick their heads in the sand " then I don't know why they would even be on this forum " . -- - We will all feel the pinch , but at the same time those of us that truly prepared will find the coming months very interesting as things crumble under the plans of the " One World Globalist " . This is what we have been warning about . Unfortunately many never seriously prepared .

 

https://internationalman.com/articl...eat-the-rich-sentiment-and-what-happens-next/

"Doug Casey: Once upon a time, government apologists liked to say that the rich had to be taxed in order to help the poor. That’s no longer the case. Nobody in America is starving. Even poor people have flat-screen TVs, air conditioning, and refrigerators. The poor live better than medieval royalty.

"What’s going on is the institutionalization of envy, a terrible vice. It’s different from jealousy.

"Jealousy says, 'You have something that I want. I want one too. Give it to me.'

"Envy says, 'You have something that I want. If I can’t have it, I’ll destroy it, so you can’t have it either.' Envy is the moral flaw that underlies all socialist economic theories. Socialist feelings and morality underly the economic lies, race hatred, class hatred, sex antagonism, and political polarization tearing the US and the West apart. Envy and socialism have become secular religions. The country has been divided into two different and mutually antagonistic worldviews.

"It’s a question of what’s right and wrong, what’s good and evil. It’s not a question of economics, about what’s more productive. This is a much more serious division. It amounts to a religious war between the Left, who want to overthrow and transform society, and the Right, who want to more-or-less maintain traditional values, but lack any real ideology.

"The Left is proposing all manner of outrageous, destructive, and genuinely stupid ideas. Free stuff for everybody. Not just food, shelter, schooling, and medical care provided at the expense of producers—which they’ve basically achieved. But now a guaranteed annual income. Everybody is supposed to get a thousand dollars a month, according to the silly twit and wannabe US president Andrew Yang. They won’t have to do anything, just exist, presumably hanging out at Starbucks playing with their iPhones all day. They’ll genuinely be what Yuval Noah Harari, the World Economic Forum’s mincing court intellectual, has called a permanent class of useless eaters.

"At some point, however, people who work, create, produce, and believe in traditional values will react. Maybe they’ll explode in a violent counter-revolution. Maybe they’ll quietly go on strike, as did Ayn Rand’s heroes in 'Atlas Shrugged.' Or maybe they’ll roll over and be transformed into serfs—which is what The Elite would prefer and expect. But something wicked this way comes."

 

https://www.msn.com/en-us/money/mar...pc=U531&cvid=6b3f762940b94e38a974f60b8257f55f--- Here we go guys , just as some have been predicting on this forum , the United States Government is now setting up plans for digital currency in replacement of the dollar . It appears the Communist that are now controlling the U.S. Capitol will try to have this in place before the November 2024 election .

 

I've read several articles on this topic. It would appear that this task is on the top priority list of international collectivists.

Gosh, the planet Earth sure does need a big solar flatus to reset this digital dependency.

Not just preppers had better get ready to use alternative currencies (precious metals, precious and semi-precious gems, ... things that throughout history have been used) and barter. Barter has been discussed many times on this site.

I was just thinking about barter items. One area of items for barter gets little attention and that is cleaning products. Without soap and detergents, we humans and the clothes we wear get gamey / stinky in rather short order. One thing we put back was a camping shower bag and nozzle for use should we lose water pressure to our home. My wife has turned into quite the prepper. We now have stacks of soap. When buying detergents, I buy in bulk -- I mean, hey!, you're gonna need that eventually anyway.

As one heats their home with fire, one should always have an iron kettle of filtered water heating over that fire. I remember the old wood stoves in the homes/cabins of my mountain holler kin. These stoves had, attached to one side, a huge water reservoir. Think about how many times you use hot water! Modern folk simply take it for granted. They know nothing about their homes/apartments water heaters. Spoiled people today simply turn the hot water knob of their sinks and POOF! magically out pours the hot water. Being thoughtless can get you into a lot of trouble.

When things REALLY hit the fan imagine how exceedingly valuable the following would be:




Wood-stove water heater diagrams:

https://duckduckgo.com/?q=wood-stove+water+heater+diagrams&t=newext&atb=v320-1&iax=images&ia=images

 

Some more info concerning the global collectivists and oligarchs:

https://economicprism.com/central-planners-of-the-world-unite/

Article quotes are in the color yellow-green:

If you want to understand what’s up with raging consumer price inflation and Fed monetary policy, you must understand this. Right now, in the United States as in most of the world, we have a scam currency that’s controlled by central planners. Specifically, we have what Karl Marx envisioned in Plank No. 5 of his Communist Manifesto:


“No. 5. Centralization of credit in the hands of the state, by means of a national bank with state capital and an exclusive monopoly.”


The Federal Reserve System, created by the Federal Reserve Act of Congress in 1913, is indeed a privately owned ‘national bank.’ It also holds a monopoly on legal counterfeiting in the United States.


Without the Fed’s policies of mass credit creation, it would have been impossible for the U.S. government to run up a $30.8 trillion national debt. Without the Fed’s printing press money, the U.S. government never could have run annual trillion-dollar budget deficits for a better part of the last decade and a half. Without the Fed’s fake money there would not be over 100 million people dependent upon the U.S. government for their daily bread.

By and large the government pursues principles enumerated by a cast of elites. From Davos and the universities. These principles are for the benefit of the elites, and to obtain votes for legislators. They’re also at the expense of an ever shrinking middleclass.


In addition, these guiding ideals serve to exert power and control over the population. They sow seeds of division by benefiting one group at the expense of another. Resentments bloom as new privileges are doled out for purely political reasons.


Over time, as any casual observer can recognize, the government’s guiding ideals change like an eroding shoreline. Farm subsidies have long been a guiding principle. So has redistribution for purposes of greater social equality. More recently, the popular cause has channeled greater amounts of the economy’s spoils into green energy while penalizing traditional fossil fuel developers.


The central planners are an opportunistic bunch. They’ll take any popular cause and use it to their advantage. To commandeer more and more of the economy and control all activities of the individual from the cradle to the grave.


The government’s power only increases. It never decreases. At some point, it controls all aspects of a person’s livelihood.

The planners are never able to get things quite right. In time, these absurdities become ubiquitous. For example, in a socialist economy you’ll find supermarkets with long lines of people and empty shelves. Another definitive gift of socialist economies is toilets without toilet seats. How is this even possible?


Currently, in Europe, green energy policies have penalized traditional fossil fuel providers. To fill the void, greater dependence on natural gas imports from Russia are needed. Now Russia has cutoff natural gas exports to Europe for political reasons at a time when they are needed most.


Thus, central planners in Europe are responding with proposals for a windfall profits tax on energy companies and to cap gas prices. Yet artificially capping the price of natural gas, an exceedingly scarce resource, would ensure that it will be used up, thus further magnifying supply shortages.


Regrettably, price controls don’t stop with just goods, commodities, and services. The United States – like Europe and others – acts with a heavy hand to control the price of credit.


Remember, credit, like a commodity or good, has a price attached to it. The price of credit is the rate of interest a lender charges to a borrower. Like fixing the price of a commodity or good by a central planning authority, fixing the price of credit by a central bank – such as the Federal Reserve – is also an utter failure.


This is why the economy’s contracting while inflation is officially at 8.3 percent. This is why Fed Chair Powell must hike interest rates in the midst of a recession.


Indeed, the results of government intervention are always the same. Inflation, stagnation, declining living standards, and widespread social disorder. Perhaps this was the plan all along.

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--- A heads up for our members " especially for UK members "

 

I do genuinely believe that a lot of the problems we are going to be facing are down to greed more than anything else. To give an example the UK water companies were in the spotlight recently for dumping raw sewage into the rivers. There were various reasons given such as the high levels of rain etc. However it then emerged that the necessary investment had not been made into the water facility structures to deal with the issue and ut was a long standing problem. Totally excusable if all excess money was being used up maintaining the networks, except it came out that water company bosses were receiving record bonuses in one case a small team of directors shared £8 million pounds Wirth o bonuses while pleading poverty in their company. Therein lies the key issue.

The same applies to the power networks, poor investment (and certainly poor maintenance during the pandemic, (when many companies in the UK furloughed their staff but were still selling us power). It is long term lack if investment versus personal gain. My opinion is that part of the financial problems we see in the world are caused by sanctimonious, greedy, self serving people that have taken over formerly state owned companies and bled them dry for them and their mates to get rich.

 

Where I'm from, bartering is in the blood -- "mule traders" wall to wall. Had to deal with a viper today.

Things gonna collapse?! Duhhhhhhhhhhhhhhhhhhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Get ready. Get armed, or ..... Get cleaned-out. ................ Or, shot dead. SHTF = pure Darwinian dog-eat-dog. Think you won't have to deal with the damned? Ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha, ha !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Ready your rifles.


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Corporate greed is behind our high bills and, also, some of our taxation. If one looks at petrol/diesel prices, the cost of the actual fuel as much increased by its accompanying taxation. Have you noted that it has gone u between ten and fifteen pence a litre again recently? Yet the fuel companies are posting record profits. It suits the Government not to intervene as their revenue has increased too.

 

Your point is well taken and also reminds me to always loathe monopolies. Monopolies are anti-capitalism.

Without competition, capitalism and technologic evolution are impossible.

Link big industry with payed-off government officials and you get one variation of Big Brother rape.

Socialism, in whatever form ("good-old-boy" capitalism isn't capitalism) leads to oppression and the stultification of societal progress. Competition isn't evil. Brothers compete. This is what we are as humans. Morality and the Teachings of the Prophets keep our hearts directed positively. We compete, then we party. Life is what it is. At conferences, I've partied innumerable times with those of the competition. All matters must be kept in perspective. We are one and all the children of the same Father. We all look up into the night sky to witness the universe and become dumbfounded. It is sufficient.
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--- The cost of stuff on the shelves are about to go up . Basing my assumption on what a member posted on another thread , if someone doesn't trust this source then seek out an alternate source and post on this forum your findings , " especially if this link is found to be incorrect " .

 

It's much the same in Aus Brownbear. I don't know what the fuel excise is offhand, but I know it's a lot and goes up all the time. The government taxes on road users has always been exorbitant and increases all the time. They reckon it's to discourage the average person from driving non-green vehicles or some such crap.

During COVID, the government handed out billions. What people failed to understand (those who don't know their arse from their elbow, at any rate) is that the government then has to claw that money back. The only way they can do that, is to up the taxes even more. And so it goes on and on. There's always one thing or another.

 

Geez. That a big word Old Geezer. "Stultification".

 

A major ship " shipping " company has now announced goods shipped will now cost 400% more due to the Muslim Suez Canal blockade .

 

"2024 will be the ‘biggest single crash year in our lifetimes,’ economist warns: ‘Do not listen to your financial adviser’ "

https://nypost.com/2023/12/19/busin...024-will-bring-biggest-crash-of-our-lifetime/

Begin quote

As the clock ticks closer to 2024, one outspoken economist is making a dire prediction about the markets in the new year.

“Since 2009, this has been 100% artificial, unprecedented money printing and deficits; $27 trillion over 15 years, to be exact. This is off the charts, 100% artificial, which means we’re in a dangerous state,” Harry Dent told Fox News Digital. “I think 2024 is going to be the biggest single crash year we’ll see in our lifetimes.”

Dent, who spent the majority of his career analyzing proprietary research, credited his against-the-grain prediction to overvalued markets and excessive stimulus spending.

While recent rallies have overwhelmingly provided investors with mild recession expectations, Dent remained firm that an “everything bubble” will burst next year.

The economist noted that this bubble actually started in late 2021 after the height of the COVID pandemic, with the first signs showing in 2022 when Nasdaq was down 38%.

The new year will bring the “B wave” of the crash.

“The Roaring ’20s bubble was not an everything bubble. [A] real estate barely bubble [in 2008], it was stocks and urban real estate that bubbled,” Dent said. “This is the one time I’m telling you, do not listen to your financial adviser. Things are not going to come back to normal in a few years. We may never see these levels again. And this crash is not going to be a correction. It’s going to be more in the ’29 to ’32 level. And anybody who sat through that would have shot their stockbroker.”

Last week, the Fed hinted it would end its historic campaign to bring down inflation, propelling a new streak of records for the Dow.

Looking at the Federal Reserve’s rate trajectory, Dent argued there’s “no chance” of a soft landing. He believes continued disinflation will turn into deflation for the first time since the 1930s, and that the central bank has a “weak” economy in its hands.

“The only reason they had to tighten so much is because they stimulated too much over COVID. But that tightening is now going to hit way more in 2024,” Dent said. “And when you stop that gravy train and reverse the tightening, you’re going to be in a depression within a year, not a mile. All this talk about, ‘Oh, yeah, now we’re going to have a mild recession’ — not a chance in Hades.”

End quote

 

Perhaps 3.9 % is correct for the U.K. . As for as the United States everyone knows the communist government is feeding the peasants false , " completely made up " inflation figures " hoping the gullible will believe it . Where the real inflation percental for the United States is , is a lot higher by for than what the government tells us it is . -- I will leave it to someone else , if they want to present the real inflation numbers for the U.S. .