And I sincerely believe with you that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. Thomas Jefferson to John Taylor 1816
Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice. George Washington to J. Bowen 1787
Unless Congress immediately begins to cut spending and transition to a free-market monetary system, America will soon face a major economic crisis. The crisis will likely be caused by a collapse of the dollar’s value. This will likely lead to increased violence. The violence will start when those who believe they are entitled to live off the stolen property of their fellow citizens decide to take matters into their own hands because the government can no longer do the looting for them. Ron Paul
Ron Paul exposed the central reason for perpetual war, whether overtly, as in the endless wars of the 20 century, or covertly by undermining civilization and fomenting permanent revolutions as we are witnessing in the 21st century. Paul concluded that it is no coincidence that the century of total war coincided with the century of central banking.
As we start another year again, that will, like every year before it for nearly two centuries, turn out worse than the previous year, we have arrived at a point where people either recognize the enemy and take action or prepare for absolute defeat and long-term enslavement.
We are at war and under attack, yet people still cannot acknowledge the war or the attackers, even though our losses grow greater every hour.
Central bankers are responsible for most, if not all, of the wars in the United States going back to the time of Andrew Jackson. Further, they are responsible for the vast majority of societal ills that have pushed the American middle class and way of life to the point of total collapse.
The real truth of the matter is, as you and I know, that a financial element in the larger centers has owned the Government ever since the days of Andrew Jackson — and I am not wholly excepting the Administration of W. W. The country is going through a repetition of Jackson's fight with the Bank of the United States — only on a far bigger and broader basis. Franklin D. Roosevelt 1933
The plunder of America has increased and grown aggressively after the banker caused financial collapse of 2008. It has recently been shown that:
Following the controversial bank bailouts and Troubled Asset Relief Program (TARP) in 2008, reports show in late 2019 and 2020, the US Federal Reserve participated in providing trillions of dollars in secret repo loans to megabanks. At the end of March, investigative journalists, Pam and Russ Martens from Wall Street on Parade, uncovered $3.84 trillion in stealth repo loans from the Fed to the French financial institution, BNP Paribas in Q1 2020. Additional data indicates that the US central bank leveraged secret repo loans to provide a whopping $48 trillion to megabanks in late 2019 and into 2020. – Fed's Secret Repo Loans to Megabanks..[emphasis added]
Continuing the article explains:
The Martens' findings highlight many more secret loans that come from a data dump derived from the New York Federal Reserve branch. The data dump showcases secret repo loans from the Fed to megabanks from September 17, 2019, to July 2, 2020. The Wall Street on Parade authors say the media has not reported on the data dump at all. -IBID [emphasis added]
The media being entirely controlled by the banking empire, are accomplice and party to the endless stream of lies, misinformation, and disinformation that has prevented public awareness of the catastrophic collapse of the American middle class that has been planned and nearing its final stages now.
This same media presented the recent pandemic as a severe and real event while even now encouraging men, women, and children to get an injection of a poison maliciously and deceptively called a vaccine. The so-called vaccine has recently been shown to be responsible for 7500 people per week having to leave the work force due to death (2500) or damages (5000) caused by the vaccine.
It will be shown that the population decimation caused by the vaccine depopulation agenda was funded and implemented using money stolen from Americans and others worldwide by the central banking empire.
This year, 2023, Americans will be introduced to working models of a new financial-monetary system that will permit the banking empire to fully enslave most people in the United States and the world permanently – should they adopt this system also.
This system will be offered as the solution to the misery and loss of life caused by the collapse of the current financial system.
It will be in this year that Americans can become educated as to the destructive power of a central banking system and their debt-based theft currency. With this knowledge, Americans can call for and demand the Federal Reserve and all banking interests and systems attached to the Federal Reserve central banking system be dismantled and destroyed.
Americans can become their own bank. A nearly infinite number of alternatives to central banking have been created over the past 15 years, and these systems are private, safe, and have no built-in prison system.
Take heed now and convert your assets from banker-held digits in a computer ledger to tangible, reliable, no-counterparty risk assets. Be prepared to use your store of fungible and liquid hard assets to buy, sell and trade. You must understand what the New World Order has in mind for you, especially if they absolutely control your asset holdings and means of legal tender.
Market Summary
2023 Spells Big Trouble for US Economy, Majority of Big Banks Warn: Reports
Bond Market Continues to Signal Distress
Over the Christmas and New Year holidays, the banking empire appears to have been buying bonds at unprecedented levels, and bond yields were forced down, easing pressure on rising interest rates.
But as of January 5, bond yields are again rising, signaling a ‘tug of war’ between the buyers of last resort and market pressures caused by rising inflation and falling faith in the sustainability of the colossal US Debt.
The stability of bond prices and yields is the signature trademark of a stable economy; Yo-yo-like gyrations are symptoms of a debt crisis in triage.
Remember, rising debt levels sustain debt-based theft currency systems. Currency liquidity and purchasing power are reduced as interest loads on the economy increase.
The process of buying its own debt while borrowing a currency to do so – is debt market triage and provides only short-term relief.
Inflation will continue to rise. Meanwhile, deliberate increases in the federal funds' interest rates – without contraction of the money supply- are set to continue in 2023.
Fed minutes: No rate cuts in 2023, inflation risk remains in focus. According to this article:
Participants generally observed that a restrictive policy stance would need to be maintained until the incoming data provided confidence that inflation was on a sustained downward path to 2%, which was likely to take some time,” the minutes said. “In view of the persistent and unacceptably high level of inflation, several participants commented that historical experience cautioned against prematurely loosening monetary policy.”
Since the federal reserve is directly causing inflation with its unlimited buying as the buyer of last resort, the issue of increasing funds rates is moot – increases are baked into the cake.
US inflation has not ‘turned the corner yet', top IMF official warns
Housing Market
Mortgage demand plunges 13.2% to end 2022, as interest rates head higher again
Higher mortgage rates depress US single-family housing starts, building permits
Home flipping profits drop at the fastest pace in over a decade
In the third quarter, gross flipping profit fell 18.4% from the previous quarter. IBID
Consistent with an ongoing, deepening recession, today's November 2022 Real Construction Spending continued in annual collapse, down sharply year-to-year for the 14th straight month, on track for its fifth straight quarter of year-to-year decline, and its third-consecutive quarter-to-quarter contraction. Shadowstats.com
Employment Smoke Screen
Mainstream smoke blowers quickly tell us that unemployment numbers are holding low, with new employment figures showing increases – these statistics are manipulated to the point of being meaningless. According to Shadow Stats, actual unemployment is hovering just below 25% while corporate layoffs “sweep America”.
Layoffs are sweeping Corporate America to kick off 2023
Money Supply Continues to Explode: (shadowstats.com)
CONTINUING EXPLOSIVE MONEY SUPPLY GROWTH PROMISES A CONTINUING SURGE IN INFLATION: November 2022 “Basic M1” Money Supply (Currency plus Checking Accounts), notched higher to 121.5% above its Pre-Pandemic Trough, up from its 120.3% near-term trough, still shy of its August 2022 123.3% peak, but still moving to a new 52-year peak level of systemic liquidity, having absorbed and held the equivalent of 23.6-years of normal Monetary Stimulus in the 2.9 years since the Pandemic Shutdown. Even the headline Aggregate Money Supply M2 has absorbed 14 years of normal stimulus. Given that extreme, inflation bloating cannot pass easily without some meaningful reduction in the most-liquid Money Supply measures, well beyond just slowing broad money growth.
Automobile Markets
I'm now convinced that there is a massive wave of car repossessions coming in 2023
The article cited above explains the situation with automobile sales. Even as interest rates destroy demand, new car prices remain high, creating a real problem for automobile manufacturers and dealers. More from the article above:
“Interest rates for new and used vehicles are skyrocketing”, the research firm found.
The average annual percentage rate (APR) for financing a new vehicle purchase climbed to 6.3% in October 2022, compared to 4.2% in October 2021, the highest new vehicle APR since April 2019.
The average APR for a used vehicle purchase climbed to 9.6% in October 2022, compared to 7.4% in October 2021, the highest since February 2010, Edmunds says.
Silver and Gold Market
Physical silver and gold are hard assets with virtually no-counterparty risks and are available at fire-sale prices. Make no mistake about this: when dollar purchasing power has been entirely destroyed, the dollar will buy no silver and gold.
Currently, the money-fungible metal prices are being deliberately held below market values. Concurrent with that observation is that no asset market valuations are possible in this climate of corruption; no price discovery is accurate.
A Commodity SUPER-SPIKE Is Coming. Are You Ready for It?
Today commodities, in general, are in massive INVERSE bubbles; therefore, when risk-on eventually becomes risk-off, and it will, the price of commodities will SUPER-SPIKE.
Silver demand reached an all-time high in 2022, according to the Silver Institute.
Demand for silver was expected to have reached a new high of 1.21 billion ounces in 2022, up 16 percent from the year before, driven by increases in industrial use, jewelry and silverware offtake, and physical investment.
Demand for Silver will continue to increase this year.
Silver Spot Price: $23.41 | 1 oz. Silver Eagle Price $38.47 | Premium 58.80%↓
Gold Spot Price: $1838.81 | 1 oz. Gold Eagle Price $2,070.65 | 12.71% ↓
$50 face value junk silver $1139.50 | 36.15% over spot price for 71.5% silver quarters↓
10 Yield: 3.72% ↑
Crude Oil Price: $74.18 ↑
* note arrows show price increase or decrease over the last article.
Final Comments:
Those that have created the perfect prison are busy implementing additional structures to that prison. For an alarming example, see this video on what the 15-minute city idea is all about.
People are free to live as a means to their own ends only if they are willing to stand against those that would redirect a life's energy toward their selfish ends. We are all born with the right to self-defense, and to survive, we must use the tools we have been given.
Our mind is the primary resource. To be free of slavery is a virtue and, therefore, a morally acceptable goal.
The financial system collapse will lead to massive misery and loss of life. Prepare now using your moral high ground and the wits you were born to use. Move assets away from the dollar and invest against the debt. Some say Bet Against The Debt.
Debt is an enslaver and destroyer, and you should eliminate debt from your life while seeking to invest and transfer away from central banking products to liberty-protecting assets.
When the time comes to choose between standing on your own and being your own bank and making the decision for yourself about what you will use as money, you must stand against any proposal of the central banking system.
With this in mind, we will remember 2023 as the year we became central bank free!
Happy New Year to all of you!
Here are a few things of immediate importance
Move out of cities
Convert dollars that will be held hostage in the banking system to silver (and gold).
Keep Enough cash on hand for a month of typical requirements.
Keep stocking up on food.
Purchase productive assets (farms, farmland, tractors, specialized machinery).
Make preparations for gasoline and diesel fuel shortages coming this winter and spring.
Obtain necessary components of cooking – cooking oils, flour, sugar, seasonings, etc.
Learn new skills. Fishing, hunting, food storage, gardening.
Purchase a water purification system and identify places to find flowing water for use when the power systems become unreliable
Invest in solar & wind equipment for power generation
Consider communications a priority and invest in radio equipment (shortwave receivers, shortwave radios (get your license), GMRS radios.
Please note that the so-called “Junk Silver” is a fantastic way to own fractional silver and carry and use silver in a familiar, safe manner. Please see my new article, What is Junk Silver and Why You Should Buy Some. In this article, I explain how to price and buy “junk silver” and why it is a good idea to get some – oh, and get it soon.
** Ideas and suggestions in this article are my own opinions and are not intended to be financial advice.
Jack Mullen, MBA
* Note I am not giving advice, only my opinion, I am not a financial advisor. This article represents my thoughts about the economy only.
