Every revolution evaporates and leaves behind only the slime of a new bureaucracy.
Mankind soon learns to make interested uses of every right and power which they possess or may assume. The public money and public liberty … will soon be discovered to be sources of wealth and dominion to those who hold them; distinguished, too, by this tempting circumstance: that they are the instrument as well as the object of acquisition. With money we will get men, said Caesar, and with men we will get money.… [Our] assembly should look forward to the time, and that not a distant one, when a corruption in this, as in the country from which we derive our origin, will have seized the heads of government, and be spread by them through the body of the people; when they will purchase the voices of the people, and make them pay the price.
—Thomas Jefferson, Notes on Virginia, 1782
The warning signs are everywhere. They arise in the voices now from the relatively ethical to the deeply corrupt. The warnings are there for those with vision, and some remaining semblance of mental independence, in the actions of our government, central bank and those in foreign lands. I know I sound like a broken record and that I have not provided enough independent backing for my claim, but a period of Chaos is coming that America has never experienced.
Unfortunately, I find myself almost catatonic when observing events around the world and truly incapable of the attention, organization and cogency required to expound on my convictions, so I must rely primarily on the work of others. As someone who turned rabidly bearish at the end of 2006 for economic and market reasons, but whose increasing awareness of the much greater threats to American civilization, to our culture and to our essential freedoms, resulted in my being unable to even consider playing the game of the great bull market since the spring of 2009. A game it is indeed, based on central bank and government financial market manipulations with little real underlying fundamental longevity.
Never before has there been such a period of global self-delusion. Perpetrated by the monetary and government authorities, not out of confidence that their nostrums would lead to permanent prosperity for America and the world, but out of fear and the greed of elites grabbing as much wealth as they possibly can before the inevitable implosion. And, unfortunately, as well, the American government also needed time to complete the final stages of its long evolution into a total police state despotism. From the accumulation of massive stockpiles of weapons and ammunition for practically every bureaucratic agency in Washington to the upcoming “simulation” war games in 7 designated states this summer, to the accumulation of unconstitutional powers in the hands of the executive branch with only an occasional whimper from a supplicant Congress and the sycophantic, liberal mainstream media, the American government has been preparing itself for what lies ahead.
As I have mentioned in prior blurbs, when Rome finally fell the ultra wealthy had already taken their gold and the loot of empire to their southern Italian villas, where they lived peacefully for the remainder of their days in the luxury that was Rome. So to our elites are seeking their own escape routes fearing the violence and chaos that is around the corner. Most of us cannot, however, escape on our private jets for New Zealand or to retreats on large estates in the woods of Montana. Most of us will have to survive the coming collapse as best we can, no southern villa’s will we have.
I am not a wild eyed “prepper” by any means, but I almost wish that I were. I think I would sleep better and not have the fog of depression hanging over me. I can viscerally feel the approaching darkness of the thunder clouds of chaos, economic collapse and civil unrest. I can hear the boot heals in the hallway. I am likely being far too dramatic and excessive, but I would rather be horribly wrong. All I can say is, do not fall for the contrarian bet when things really start imploding and remember that the folks on the Titanic all knew they were sinking and the ship still sunk. Anyone going against the herd on those decks slipped into a cold, but memorable grave.
The systematic destruction of the American way of life is happening all around us, and yet most people have no idea what is happening. Once upon a time in America, if you were responsible and hard working you could get a good paying job that could support a middle class lifestyle for an entire family even if you only had a high school education. Things weren’t perfect, but generally almost everyone in the entire country was able to take care of themselves without government assistance. We worked hard, we played hard, and our seemingly boundless prosperity was the envy of the entire planet. But over the past several decades things have completely changed. We consumed far more wealth than we produced, we shipped millions of good paying jobs overseas, we piled up the biggest mountain of debt in the history of the world, and we kept electing politicians that had absolutely no concern for the long-term future of this nation whatsoever. So now good jobs are in very short supply, we are drowning in an ocean of red ink, the middle class is rapidly shrinking and dependence on the government is at an all-time high. Even as we stand at the precipice of the next great economic crisis, we continue to make the same mistakes. In the end, all of us are going to pay a very great price for decades of incredibly foolish decisions. Of course a tremendous amount of damage has already been done. The numbers that I am about to share with you are staggering. The following are 19 signs that American families are being economically destroyed…
Strapped Americans Headed for “Civil Unrest and Riots,” With Poor Spending 60% on Bare Essentials
It is clear that the economic realities falling upon the masses in America are driving us towards a crisis point.
Even with substantial government subsidies, the bottom 10% of Americans are beyond struggling, spending more than 60% of their meager incomes on the bare essentials. According to the latest official numbers, the poorest in the United States are spending 42% of their income on housing and another 17% on food, statistics that are unsustainable for individuals and families.
The Wall Street Journal reported:
For many Americans, the rise in food and housing prices is a tough squeeze. That’s because—even in an era with low overall inflation—low-income Americans spend a disproportionate share of their money on food and housing.
New data from the Labor Department show the extent of the discrepancy. The bottom 10% of Americans, by income, devote 42% of their spending to housing and an additional 17% to food–nearly 60% of their total spending, according to the Consumer Expenditures Survey. By contrast, the wealthiest 10% of Americans dedicate only 31% of their spending to housing and 11% to food–closer to 40% of total spending.
A Global Financial Reset Is Coming: ‘A Deal Is Being Made Between All The Central Banks’
There is an unprecedented reset coming to world financial markets, and if you’ve been paying attention it’s impossible to ignore the signs. In fact mega-investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the U.S. dollar effectively worthless and governments around the world angling for a new global currency mechanism, according to mining executive Keith Neumeyer.
But before the reset can happen Neumeyer, who recently founded First Mining Finance and has partnered with billionaire alternative asset investors like Eric Sprott and Rick Rule, says that foreign creditors must first deleverage their U.S. dollar debt, a move that is happening right now and is evidenced by the recent strength of the U.S. dollar.
Once these U.S. debt holders unwind their positions, however, the dollar will be allowed to crash and we should prepare for a total financial, economic and monetary realignment.