The United States has been going bankrupt gradually since the Johnson administration. There is no need to discuss this further: people either know how much the country is in debt or they are unwilling to hear the truth.
The Hemingway quote above brings us to our current state: bankruptcy suddenly. The petrodollar is being replaced by the petroyuan/petroruble backed by commodities that have value, not the full faith and credit of a Deep State failed empire. As outlined in a previous article (A Dollar Collapse Is Now In Motion – Saudi Arabia Signals The End Of Petro Status), the second option of going bankrupt suddenly is now here.
What does that mean? The United States fiat currency will quickly be devalued. Since our government wants this scenario to happen t0 initiate a great reset, I want to concentrate on what this means for regular people.
1. Bank deposits
Worst case would be a bank holiday where all access to your money is restricted. Since the “government” has declared your deposits to be the property of the bank; this means a portion or all of your money can be used to settle bank debts. My best guess is that a portion of your deposits will be confiscated and the remainder converted into a new digital currency regulated by the government.
Options: Get your money out of the bank now. Buy goods that are barterable and and tools that will allow you to barter services in the future. Keep in mind that food, gas, antibiotics/medical supplies and dry goods will be at a premium so bartering should be a last resort in the short term. In other words, buy these commodities now so you will not have to barter for them later.
Consider the price of eggs now and the price of eggs when the dollar collapses: what would you sell your eggs for when the dollar collapses and the supply chain is very limited (or non-existent).
2. Stock market
The “experts” have a wide range of views of how low the stock markets will drop. What they all agree on is that the market will drop. My best guess is at least 50% to start. Once panic sets in and people need cash to cover their mortgage, debt and food, it will becomes a buyers’ market. If you want a good example, look at the housing industry in 2022. Extrapolate that to everything because no sector will be spared.
3. Retirement accounts
Confiscated.
4. Social Security, Medicare and Social Engineering programs
I believe in the short term, these programs will not be impacted. However the money received will be devalued so expect a 25-50% inflation rate.
5. Civil Unrest
What will happen when people’s wealth, retirement and employment are “suddenly” gone? No money for food, rent/mortgage or heat. We already live in a two-tiered justice system: will we revert to the Wild West for vigilante justice?
As for WWIII, the United States is begging for a nuclear war to cover up or mitigate the sudden bankruptcy of the country (along with its other sins). The point of this article is simple: suddenly is very close and suddenly means it will happen in a matter of hours or overnight while you are sleeping.
The Bible has many suggestions on how to live and prepare for bad times and famine:
Warnings Against Folly – Proverbs 6
6 Go to the ant, you sluggard;
consider its ways and be wise!
7 It has no commander,
no overseer or ruler,
8 yet it stores its provisions in summer
and gathers its food at harvest.
9 How long will you lie there, you sluggard?
When will you get up from your sleep?
10 A little sleep, a little slumber,
a little folding of the hands to rest—
11 and poverty will come on you like a thief
and scarcity like an armed man.
12 A troublemaker and a villain,
who goes about with a corrupt mouth,
13 who winks maliciously with his eye,
signals with his feet
and motions with his fingers,
14 who plots evil with deceit in his heart—
he always stirs up conflict.
15 Therefore disaster will overtake him in an instant;
he will suddenly be destroyed—without remedy.
Use this time wisely and pray to the Lord for mercy for the actions of our evil leaders.
David DeGerolamo
