Anyway, I'm thinking we'll be having an uncommon number of bank "holidays" this coming year where you may lose access to you bank accounts, maybe for extended periods of time. So it would be useful to have cash set aside so you aren't one of the people blankly staring at the 20th cash machine that has no cash.
There's a convergence of critical issues in play. The impeding implosion of Deutsche Bank, already bankrupt but being propped up primarily by the German state which, itself, is now on the verge of economic disfunction due to the catastrophe in Ukraine initiated in Washington by our "allies". A war that has been comprehensively lost by NATO and is now increasingly opposed by the majority within the US, to the point where further funding is looking doubtful. In response, the US, UK and the EU stand on the brink of perpetrating an almost unbelievable economic crime that will shatter faith in the global economic system. They intend to steal Russian assets and direct them back into the already lost war. A short term solution, for sure, but the long term consequences, which even the central banksters warn about, will have unknowable effects that will surely trickle down to the man in the street.
And, of course, the election in the US, which will usher instability in ways we can't imagine yet as the establishment pushes away all pretence and does whatever it takes to prevent the landslide election of Trump.
The US is now 34 trillion in debt and will need to squeeze the people to even make interest payments. The UK has siphoned off £800billion from the people to the super rich during the covid wealth transfer. Both nations have run out of options for simply printing more cash - debtors won't stand for their assets being diluted any further. If there's a default on either economy, or of we end up on the verge of default - who knows what desperate steps might be taken to kick the can down the road?
This is going to be an interesting year, to understate things. We rely almost entirely on magic plastic and buzzing surveillance devices posing as phones to conduct our everyday activities. But it's all an illusion. Some of the banks are leveraged at ratios that dwarf the relatively sustainable 10:1. Some have claimed Deutsche Bank is leveraged to such a degree that a single domino could wipe away a greater sum than the entire US national debt, and that the managers within that organisation don't even understand the nature of most of that debt, and the insurances against the debts.
Also, the Chinese situation could explode at any time between now and 2050. Extinction level declining birth rates, the blind reliance on a bankrupt US trade system (ironically supported by a sudden, but temporary, reprieve from new trade with Russia). There are no super powers remaining, only super liabilities.
The system must collapse at some point, it's a mathematically certainty. And what better time to bite the bullet and bring it down when the urgency to deter Trump 2024 is at it's height?
This will be the year, I think. Just my opinion of course, based on reading and reasoning and avoiding misdirection from the usual suspects. There are hundreds of other indicators too, but we don't have all day, do we? No we don't.
Originally Posted by Letters
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