“Holy Crap Batman”

I have been so busy of late that I have not been keeping an eye on precious metals (PM). PM’s are a great indicator of how the global economy is fairing. Well in the last twenty-three days gold has gone from $1,770- an ounce to $1,871- an ounce. That is a 5.7% increase within twenty-three days. Gold bounced between $1,800 to $1,810 most of the month then on July 20th it went sharply up. Why?

Silver has seen a similar increase during July. It has gone from $18- an ounce to $22.65 an ounce – A 25.8% increase. Silver prices bounced around $18- to $19.50 then on or about July 20th it jumped over the $20- ceiling. Why?

What happened on or around July 20th that drove up PM prices globally? My best guess is the United States telling the Chinese to  “cease all operations and events” at its consulate in Houston, Texas. Then you have 72-hours to move out. This closing was made public on July 21st and was underlined by the fire that broke out at the consulate Tuesday evening. It is believed that the fire started because records were being burned in the courtyard ala a scene from the storming of the United States Embassy In Tehran, Iran 1978.

To add to this drama, China has just told the United States that they are not leaving their consulate in Houston. Should be interesting to watch how this drama metastases.

If you did not think that the CCP virus was enough drama then the rioting by AntiFa and BLM started. Now we have an escalation of tensions between China and the United States. Things are going into the crapper and I can only assure you there is more coming leading up to November 3rd of this year.

Bottom-line, you have no control over these and future events. What you do have control over is getting your family ready.

Understand these jumps in the PM’s is a clear warning to all of us to,

  • Take inventory of food, medicines, and bullets on hand. Buy if appropriate
  • Take out of storage that HF transceiver you bought years ago and learn how to use it
  • Stock up on batteries. Maybe buy a deep cycle marine battery and smart charger for that transceiver. Maybe now is the time to buy that solar system you have been eyeing
  • Now is the time to have that chimney cleaned or wood stove installed
  • Fuel for the winter whether it be propane, pellets, firewood, kerosene, etc. needs to be bought now before others get the bug to do so
  • Taking some training from qualified folks
  • Maybe reread Patriots by James Rawles or Deep Winter by Thomas Sherry
  • It is time to dust off that bible and get reacquainted with the Lord

I have left out a bunch of things you should be focused on getting ready for what ever drama is coming next. It is not my job to build that list. Only to point out it is time to get off the fence and get started.

Freedom Through Self-Reliance

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By Published On: July 24, 2020Categories: News and Links, Opinion14 Comments on “Holy Crap Batman”

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About the Author: johnyMac

14 Comments

  1. Anonymous July 24, 2020 at 08:17

    5

  2. Michael July 24, 2020 at 08:22

    How did Hemmingway put it? Reporter “how did you go broke?” Hemmingway “slowly at first then all at once”.

    The value of a nations currency is dependent on how OTHER Countries see the trust and creditworthiness of that Country. Venezuela has Plenty of “Strong Bolivars” so many they don’t count them in the grocery store, they WEIGH Them… Thus in the international trade Venezuela’s money is valueless. They have to trade their nations GOLD or oil to buy anything.

    The Petrodollar established by Kissinger where American’s protected the House of Saud in exchange that all oil sales be done in US Dollars created an artificial value to the Green Back. That deal has been altered as now the House of Saud accepts the Chinese Yuan, the Euro and the Singapore Dollar so far. They signaled they would accept the Russian Ruble but Russia doesn’t need Saudi Oil as they sell their excess to the Chinese and Europe using ONLY the Ruble, Yuan or the Euro.

    The House of Saud is looking to the Chinese as their new protectors as we speak.

    When the House of Saud falls or cancels the Kissinger deal the Petrodollar is GONE.

    When the British Empire’s Pound Sterling fell from grace as the worlds trade money Replaced by the US Dollar everything imported in England became massively more expensive and a long term depression is still going on there. England’s mighty Royal Navy went from ruling the waves to a Single Aircraft Carrier that Doesn’t even have Aircraft. A US Marine Air Wing is stationed on it.

    Nations can have a sudden economic waterfall event and I hear the waterfall sounds ahead with all the massive “Free Money” being thrown around for COVID19 and so on.

    The British had their Winters of Discontent as nurses were not paid, trash not picked up, Electricity Brown outs-Blackouts, general strikes all around and folks needed to provide nursing care, clean linens and food to their sick relatives in hospitals DUE to a lack of money.

    Winter is coming. If you think your prepared try a weekend with the Grid Power TURNED OFF. Better to find and fix problems while Amazon is still delivering.

    • johnyMac July 24, 2020 at 14:37

      Thank you Michael for the synopsis of what we are up against. It was perfect!

      The United States is $26.6T in debt and I read the other day that nobody is buying US Bonds anymore BUT the Federal Reserve. This is an awful scenario that will do nothing but keep folks happy for a short period of time. China is also working behind the scenes aggressively to become the world currency. Bottom-line, the USD will not be the worlds currency within 12-months or there will be a shooting war with China.

      73 7 God Bless

  3. Matt Bracken July 24, 2020 at 08:52

    And meanwhile, China has been buying all the physical gold it can get, and mining it like crazy too.
    During a conflict or global economic collapse, China may announce a gold-backed currency, and that will destroy the dollar once and for all. Bretton Woods transitioned to petro-dollar contracts, that is now finished, and a gold-backed Chinese currency would put the final nail in the dollar’s coffin. At that point, the USA would just be Argentina with nukes.

    • johnyMac July 24, 2020 at 14:46

      Oh yeah Matt, they have. And raping as many silver & gold mining countries as they can too.

      The rioting is being funded by China. Biden is being funded by China. Then add in the PM situation as you describe, the United States will be like what Michael wrote earlier, “Argentina with nukes“.

      Just for kicks and giggles add into the equation that the Federal Reserve is the only buyer of our debt now and our debt is at $26.6T and climbing. If only a depression comes out of this calamity we should consider ourselves lucky. A shooting war with China is more likely and that could be devastating to the world not just the USofA.

      I am hearing the cry for Communism getting louder and louder from the rioters every day.

      73 & God Bless Brother

  4. Scurvy July 24, 2020 at 10:52

    Keep a weather eye to crude oil and bulk copper as well. When all three start heading up at once it will not be good.
    http://www.kitcometals.com/charts/copper_historical_large.html
    http://www.oil-price.net/

    • johnyMac July 24, 2020 at 14:54

      Hey Scurvey great call on those two commodities. Remember folks, cooper and zinc makes brass. Now you know why ammo of late is becoming scarce and the price is rising. Luckily, lead has dropped a bit in price but how much lead is used in bullets today especially 5.56×45.

      73 & God Bless Brother

  5. Gray Man July 24, 2020 at 13:53

    5

  6. BLACK July 24, 2020 at 22:16

    Grain has finally broke above break even recently. First time in the last 3 years of the trade war. Not because the Chinese are buying but the dollar is popping. Some idiots voted for this and believed this is winning.

    • NC Scout July 24, 2020 at 22:22

      And what was your alternative?

  7. BLACK July 24, 2020 at 22:36

    around here . we started planting things never grown around here before and i mean never. we don’t even know if its possible to make quality barley/oats/rye. we even have guys quitting and putting in solar leases. because the deck was stacked against us

    • NC Scout July 24, 2020 at 22:58

      You didn’t answer the question.

  8. Badlands Rifleman July 25, 2020 at 22:08

    Michael- As good as Johnymac’s article was I also thought your comment was well written as well, the two together give a great run down on the real issues at hand, I appreciate that!

  9. shane michael connor July 28, 2020 at 21:48

    Too many blindly cling to our booming stock market as reassurance that all can’t
    be so bad monetarily, financially or economically, or else it would not be so good…

    Here’s what people don’t know from history, some of it actually recently, that could
    be a warning for them in-time, but they aren’t listening, so for most it won’t…

    Some of the worst hyperinflations were Wiemar Republic, Zimbabwe & Venezuela.

    What a lot of people don’t connect with, though, is that all three of those countries,
    right before their currency imploded, each in their own day had the all-time fastest
    growing stock market in the entire world! They were each, in their day, #1 globally,
    riding high on easy money via their gone wild liberal printing press. Until, they had
    eroded their currency into worthlessness and it all suddenly collapsed upon itself.

    Point is, when you see how USA has a world record breaking stock market, beware
    that for much of it, too, may be built upon same easy money that increases our risk
    of eventually going Zimbabwe, too. Many, smarter than me, already say that all our
    easy money policies are the real prime mover to our record breaking stock market.

    Panic Early, Beat the Rush!
    – Shane

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