I was reviewing the comments on SP1’s latest video concerning the collapse of the dollar. I see both viewpoints and wanted to clarify my personal thoughts on the collapse of the dollar.
- I do not see a future where the US petrodollar has not collapsed. As SP1 points out, get rid of your federal reserve notes now by converting them to something that is barterable or necessary in the future. You already know the list of what will be necessary.
- As I have written previously, dedollarization is the new buzz word and we are already watching the collapse of the dollar in real time.
- People are taking money out of the banks and converting their assets to bitcoin, precious metals and other goods that will have value after the dollar’s collapse. The banking crisis still exists (First Republic as the current example) and the media suppression of it should cause everyone concern.
- Yuan Overtakes Dollar as China’s Most Used Cross-Border Currency
Does the collapse of our dollar make me happy? Does the prospect of a nuclear war make me happy? Of course not but let’s consider the following?
Can Americans fight evil and regain their Liberty without the collapse of the illegal US government? A necessary condition for rebuilding a moral nation under God is the collapse of the dollar. Let that sink in and then consider who is most responsible for the devaluation of the dollar and its use as an economic weapon. Weapons used in war are only good if they are working and therefore have value.
If we know that the US dollar will collapse as part of the future war against evil, maybe we should consider this “collateral damage” in order to be free. In that case, I will be happy.
I remember one of Brock Townsend’s early PATCONs where I presented a case against the Bank of America. I outlined the scenario where a large amount of people removed their money causing the bank to collapse. Obviously it did not happen then but the collapse of SVB showed it is possible to do this. Some in the audience were “not happy” as they realized an economic collapse would impact their pension and social security payments. When they pointed this out, people quickly understood the unspoken question: is a pension or social security worth the loss of Liberty? We have no need of Sunshine Patriots in the future (or ever).
Maybe we should be happy when the dollar collapses since it is inevitable and a necessary step to regain Liberty in the war to defeat evil. So let’s not consider SP1’s statement of being happy as much as understanding we know it is coming and we should prepare accordingly.
David DeGerolamo
Important question, and the answer is obvious. You never, EVER give up liberty. Without it there is no reason to live. Many of us have seen this coming for some time, and have and are continuing to prepare to the best of our ability. Pensions? Even without the collapse of the dollar, inflation will wipe those out, so, sans something miraculous, like the complete removal of the deep state, and the return to policies like energy dominance, our economy, and thus society, is doomed.
We will likely see this inevitable collapse in earnest this summer and fall, as food becomes scare and/or unobtainable at any price… that is baked into the cake (no pun intended).We have known that fertilizer production has almost ceased, which means food production will be down considerably. We may also have a cooler summer due to the volcanic explosions, first in Tonga and then in Russia. Add these things up and you have 70% of the people who will find themselves unable to eat. Spicy times then.
The key is complete decentralization. A million tiny farms can feed more people than ten huge farms, especially when five of those ten huge farms flop. Add to that the losses sustained with the destruction of food processing and distribution facilities, and suddenly there’s nothing to eat.
Use your federal reserve notes now to obtain tools for survival… you know what those are… shovels, seeds, land and guns. When the dollar collapses, it’s game over. Only after that, and the massive hardship that will ensue, will we be able to start the rebuilding process, and usher in better times. Unfortunately the major cities will collapse in the meantime, and millions will die, but those who have planned, and learned, and worked their fingers to the bone with this knowledge will have a better chance of surviving the collapse.
The $ is going to collapse. We just don’t know when. Keynes said ‘Markets can stay irrational longer than you can stay solvent.’ That also applies to the $ market. TPTB can keep things going way longer than we think they can, tho’ granted things look to be on very shaky ground right now. Those who want to cling to the ‘safety’ of SS and pensions rather than give those up to obtain Liberty, will have that rug jerked from under them. Some of those will go on to do the right thing. Others will clamour for a return to their comfortable life at any price. Everyone will have to be choose a side. Inflation is eroding the $ into nothingness and maybe that’s the way the $ bites the dust. Today it takes $30.50 to buy what $1 bought in 1913 (~3000% inflation.) That inflation rate does not take into account the money dotgov is stealing in taxes and is nowhere near the actual rate. I can see inflation gaining speed and money in any financial instrument being worthless. At that point it’s too late to prep. CBDC will be introduced to enslave us. Gonna be some upset people.
Yeah, pensions, Social Security, retirement accounts, I don’t see any of that being paid out. SS in particular was always a ponzi scheme and I had no faith in it being around in my retirement even a few decades ago. A pet theory of mine for many years has been that a Socialist government would eventually seize private retirement accounts like 401k and IRAs at some point in order to “save” an insolvent Social Security. I now think that the crash will take down those accounts too fast to allow them to be pirated by the government, but that is small comfort or most, unless you take out the funds and take the tax hit and penalty now. You should have enough after that to load up on the important things that sustain life instead of the illusion of a relaxed, poolside retirement in Florida.
And again I will point out that if you’re looking for support from the 80% of folks who just want to be left alone you need to have a replacement for what you want destroyed. The American Revolution had almost as many people who supported the British (and left for with the bulk of their wealth to Canada) than fought for the Revolution. Some large % ( estimated at 70-75%) simply stayed out of the way and sold their goods to who had the gold. The British never had problems buying any thing from the colonists.
General Washington was always short on supplies as the British had real money and the rebellion had paper promises.
The rebels controlled the media and published often made-up stories about British and their often brutal German Hessian mercenaries.
This inflamed folks into not betraying the rebels.
The British error was treating the “little rebellion ” as a purely Military Matter and they failed to control the MEDIA..
Our “British ” OWN THE MEDIA.
Betrayal is the weak point of any rebellion.
You have to work around that fact. You need the people if not actively supporting you, not betraying you for a reward.
Brave words don’t mean much if you’re hungry, and on the run due to Betrayal.
So figure out your logistics and how to earn the loyalty of the people.
Anyone who has been paying attention for the past 20 years has been prepping and trading FRNs for Constitutional money. Even those I know who have small incomes have managed to put aside some silver coin instead of FRNs as long term savings. I understand those that are invested in the system and just want an easy retirement. But such plans are selfish and short sighted and show no care of country or the tyranny their grandchildren will face. Suffering can build strong character and the USA is in dire need of character building.
While gold and silver have value, if you must sell it for fiat currency to buy things, pay rent, power and such. You are still under the control of the issuing government.
Until your supply system accepts gold and silver as money all the way back to the factory you’re in the fiat currency system.
The dollar and all fiat currencies are not just collapsing, but are being deliberately destroyed. How else can Central Bank Digital Currencies be implemented? People will have to choose between CBDC’s or nothing at all.