An insecure regime is a dangerous one, which explains the radical language from the beltway, the escalation of domestic surveillance, censorship, and financial warfare.
California cities are so saturated with crime, they are losing their largest and oldest retailers, while Midwest small towns are losing their entire police forces.
History records countless examples of currency debasement: the steady reduction in a money's precious metal content or "backing" (principally gold or silver). The currency then depreciates.
Absent a very dire turn of events, it is hard to envision gold and silver returning as a circulating currency. People won’t part with their metal unless they are out of choices.
My hope is that in thinking the unthinkable now, as we face our own Fourth Turning, we can better prepare ourselves, our families, friends, and communities, to deal with it.
"We were only off by $200-billion in our last upward revision of the budget.” The Congressional Budget Office’s new estimate of the Biden shortfalls climbs again.
What bodes ill for China helps save America, but not enough to keep the US crash from coming. The yuan, which BRICS hoped to be foundational, is facing serious troubles.
The success of any fiat currency or real money substitute (in other words, anything other than gold itself as the medium of exchange) depends on its convertibility into gold on demand.
