What is the operative word in Fiat Currency?
The full faith and credit of the United States of America.
To an extent it was always bullsh*t that your money was safe with the government. To be fair to an extent it was always bullsh*t (apologies to Orvan) that anything was safe in the hands of the government, starting with your kids’ education and ending with…. well, everything. Because humans have a knowledge gathering problem, and the bigger the organization, the bigger the knowledge gathering problem and the bigger the knowledge gathering problem, the greater the chance of being run by gossip, innuendo and fad.
But the thing is, we now have better knowledge of what the government is up to than we did back when FDR set the value of the dollar to gold according to his lucky number.
Which means we now know we shouldn’t have faith.
Other reasons we shouldn’t have faith — or give credit — is the soft coup we watched happening before our very eyes. And while a lot of the people are still closing their eyes and going “I see nothing” I will note that when I say that we had massive fraud for years, people have stopped fighting back. And these days no one sane says “We need voting by mail/multiple voting days/no signature verification.” The left says it, but their sanity is questionable, and they are obviously interested in incentivizing and facilitating cheating. Ten years ago people still told me “But I need early voting, because I can’t take the day off. I have to make money.” And “there is really no fraud.” Now, no one does. Or no one sane. Which means that needle has moved considerably.
And the needle has moved to “We don’t trust these guys.”
Then add to that the Covidiocy, where it’s becoming more and more evident not just the US government but EVERY government in the world, to an extent, cooperated in pushing crazy bullsh*t on everyone because they could, add the confiscation of Canadian truckers funds, add the confiscation of Russian citizens’ funds.
What do you have? Well, at this point the indicator on Fiat is approaching zero.
Yes, okay, so the confiscation of Russian funds is at least technically an attempt at getting the Russians to get rid of Putin. And the Canadian fund confiscation is in response to inflammatory press reports claiming they were several kinds of “ist.”
But you know what we didn’t do, when Iran declared war on us? Confiscate their citizens accounts. We froze them.
Same way in the past, various governments (rolls eyes in “Dude, I knew about this before it was cool”) have frozen citizens accounts, but not confiscated them.
(Okay, there’s an exception. Between that and “we will control the industry without expropriating the owners, the imposition of medical experimentation on populations without their consent, and the obsession with genetics and eugenics, the current leftist bozos have Hitler laughing in hell, in between bouts of being f*cked with a pineapple.)
They give good reasons for this, but honestly, as I’ve talked about here before, I think there’s others.
Like, for instance, the fact that I suspect population is imploding in most of the world. The fact that dumbasses in possession of the levers of power made like a monkey with a stick in a China factory on the world economy for two years. Like the fact that the “big government” model was imploding long before that. (Errors accumulate in any human system. The longer it goes on, the more errors. When it possesses a self-multiplying bureaucracy, more errors accumulate.)
But the central thing here for me — I’m an information/communication person, not an economic analyst — is that the left isn’t adjusting well to “Everyone can see what we’re doing.”
So their response to plummeting fiat is to do more things that break the faith.
And then expecting us to literally put our lives, the fruit of our labor — because that’s what money is — in their hands. And then being surprised we don’t trust them.
The operative word is “Fiat”. What do you do when the trust is gone?
What do you do when the money is gone?
What do you do when everything implodes because it’s in the hands of dumbasses who can’t seem to realize we SEE them?
The sense of having to brace for a crash of all sorts is very intense. And all we can do, individually is prepare and be ready.
Add some precious metals, alcohol, baby formula, medical supplies to your planning. (I should add baby formula, if it has a long expiration date. I’ll never use it for bargaining, because I’m too soft-headed for that. BUT it might be needed by family or strangers. While babies can survive like dad on water from boiling rice, or like our own Dr. Monkey on water from boiling carrots, most of them don’t.)
And be ready.
For years we’ve said “what can’t go on won’t go on” and we’re now hitting terminal “can’t go on.”
Be ready. Stay as calm as possible. Do what you can.
Go read: https://bayourenaissanceman.blogspot.com/2022/03/courage-to-change-what-must-be-altered.html
ALL OF YOU. It’s important.