…Some economists are predicting a death blow to small businesses that were already under unprecedented financial strain. If they weren’t ransacked, looted, and destroyed by hooligans, they will feel the macro effects of urban decline and flight, plummeting consumer confidence, falling property values, and worsening budgetary crises for state and local governments.
But don’t worry, Walmart, Amazon, Google, JPMorgan Chase, and all their close friends in Washington, D.C. will be just fine. In the event that any “too big to fail” entity runs into trouble, it will get bailed out by the Federal Reserve.
The demands for bailouts going forward will only accelerate. Lockdown relief is still being dispensed, and soon “riot relief” will come too.
The currency crisis will also come – perhaps later this year, perhaps further out in time.
Admittedly, most of us in the sound money camp have been surprised at how resilient the Federal Reserve Note has been for so long. But the world’s primary reserve currency has never had to weather a storm quite like the one we are in now.
No government can borrow into oblivion and no currency can be printed into oblivion without that currency losing credibility and purchasing power.
If you don’t own hard money (gold and silver) now, what are you waiting for? In the post-apocalyptic America that we seem to be heading toward, precious metals may be one of the only things you can count on.
Stock up on gold and silver, guns and ammunition, and non-perishable foods plus household essentials while you still can!
When the social fabric unravels, being self-reliant becomes absolutely essential. Calling 9-1-1 during an emergency may not do much good if the police, fire departments, and ambulances are all overwhelmed.
If you store you precious metals at home rather than a secure depository, a well-concealed fireproof safe to store precious metals will protect them in the event of a home invasion.
Most burglars look for obvious things to grab quickly and then take off to limit their risk of apprehension. A decoy safe with nothing of real value inside that placed out in the open can misdirect a thief’s time and efforts while your real safe is hidden from view (and ideally built into a strong structural element such as concrete).
The same supposed leaders in positions of power who are failing us now can be expected to continue failing. The elites who control the media and both political parties seem to be operating as if wrecking the country is their goal – a point Tucker Carlson powerfully drove home on his Fox News show Monday.
It’s time to get prepared both personally and financially if you’re not already.