Tag Archives: currency collapse

Bits and Pieces – 20170314, Tuesday

Commentary: Last post I presented the idea that the left actively seeks a totalitarian state. Here’s an article that suggests that we may already be there: Welcome to Totalitarian America, President Trump! This idea might marry the narrative of the Deep State with a number of other narratives: the militarization of police forces; the large scale military exercises conducted in American cities in the last few years; the complete control over personal communications by the various branches of the intelligence community (NSA, CIA); the subjugation of the economic interests of the American people to those of Wall Street; and so on.

I had concluded years ago that democracy by its nature, is a phase in a cycle: democracy -> socialism -> totalitarianism ->  revolution -> democracy. The reason is that democracy allows politicians to promise and provide socialist entitlements in return for being elected and retaining self-rewarding (corruption in the extreme) power. As socialist programs pile up creating a socialist democracy, the cost of the socialist programs eventually reaches the point (we are there now – Ontario’s medical system; massive deficits and debt) where they must collapse with widespread civil unrest. This leads to repressive control of the population and suspension of constitutional and civil rights, and the democratic process. At this point the state has become totalitarian leading to the eventual emergence of resistance which for survival becomes increasingly militant and violent. Eventually revolution results. At this point democracy may seem the best option for the future  (we’ll do it right this time).

As a final note, I have an extensive commentary on money that emerged as I wrote this. It would be worth your while to rea and understand some of the issues around an asset that you think you have control over but don’t.

Circling the Wagons

We have have made a conscious decision to circle the wagons. We see a high probability of

  1. a stock market correction of 30-50% if not an outright crash;
  2. a recession that will rival or surpass the 2007 recession which some argue has never ended;
  3. a world war with the US and western nations on one side and Russia and China on the other side either individually but more likely together, and Canada will do whatever the US wants in this situation;
  4. social revolution in many of the states currently in crisis including France, Spain, Italy, Eastern European countries, Latin American countries and Southeast Asia countries; North Korea will attack South Korea even if a larger Pacific conflict doesn’t erupt;
  5. there will be widespread social discord in countries that don’t experience revolution and the US in particular will use unprecedented suppression of its population, possibly ending the republic;
  6. the Sunni/Shiite divide will come to the brink of nuclear war as Iran builds the bomb and Saudi Arabia repatriates the nuclear weapons that it has paid Pakistan to develop for it;
  7. a global financial crisis of a size never seen before including multiple currency collapses and sovereign defaults;
  8. central banks and governments will be largely powerless to stop an economic collapse because they’ve spent all their ammunition already;
  9. and watch the drought in California produce massive food price inflation if the rains don’t come this year.

Some of these conditions are already underway in countries like Argentina, France, Greece, Spain, Ukraine, Venezuela, and most of the Mideast. We expect a major global event from this list to occur this year and certainly by next year. Since we are globally connected as never before, one event will trigger a cascade through others.

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