Praemium

Big PictureEconomicsGoldSMSF Strategies

Protecting against a Great Reset

30 Nov 2021 1 month(s) ago

There seems to be an agenda to completely change the global financial system, which poses a lot of, mostly unanswerable, questions for investors.

It should be obvious now that the global ‘pandemic’ crisis has agendas attached to it other than protecting people’s health. As the fear is once again ratcheted up in Europe, Australasia and the US about the Omicron variant – as if mutations rarely occur with viruses, whereas that always happens – it is becoming clear that the state’s intrusion into their citizen’s lives will only get more extreme. For investors trying to make sense of the completely unpredictable that is what should be watched.

The biggest issue is the spectre of hyperinflation. There are certainly signs of inflation; it is close to 6% in the US. But according to economist Martin Armstrong hyperinflation will not happen, because that phenomenon is more related to loss of confidence in a national currency, not money printing. That is what happened in Germany’s Weimar Republic in the 1930s, and in the Latin American debt crisis of the 1980s.

There will not be a loss of confidence in the US dollar. Nor with the Australian dollar, for that matter, which is why it is about the sixth most traded currency in the world. Armstrong says that whereas European countries have cancelled their currencies, or defaulted on debts, that has never happened with the US dollar. It is one reason why it is the world’s reserve currency and will remain so.

China’s yuan is no threat: that is why it is fixed to the greenback on the external account and they have an internal currency, the renminbi, for the domestic economy (it is being printed at two and half times China’s GDP: a Ponzi scheme designed to prop up their absurdly indebted property sector.)

The biggest problem is out of control debt, which Armstrong believes is driving most of the geopolitical ructions dressed up as a health crisis. The finance elites are looking for ways to cancel what have become unpayable levels of debt. As the World Economic Forum’s Klaus Schwab has explained in a video, this will be done by essentially cancelling both the debt and private ownership, and replacing it with an elite-controlled system in which most people will have a basic income and otherwise have their lives controlled.

If that is right, and there is certainly supporting evidence, such an upending of capitalism looks certain to fail. Martin says:

“They think they can take over the world and create this fictional wonderland of Marxism.  It’s not going to work. In 2022, this whole thing is going to start blowing up.  Bill Gates . . . actually said that the vaccines don’t work.  He said we are going to have to create a new sort of R&D. 

“There is too much evidence now that the vaccines do not prevent you from getting Covid or spreading it.  Data coming out of Israel shows the majority of people vaccinated are the majority of the people that are dying.  Gates is being confronted with this behind the curtain.”

Armstrong calls these people “Marxist globalists”, which is a bit of a misnomer. There is nothing especially Marxist about them; they are simply old fashioned despots, the sort of people who are the most common type of leader in human history. It should be remembered that democracy is a very recent phenomenon:

“The reason why they are trying to create a Great Depression is they are now desperate ...they created, in my opinion, this virus that numerous people I know behind the curtain were told a virus was coming.  I think it was planted. I think it was created by a lab in China.  This is all total B.S.  It’s being used mainly to prevent people from traveling.”

Armstrong says the plan is to default on all debt. 

“They pretend they care about you. You won’t own anything.  We are going to eliminate all mortgages, all credit card debt and you are going to be happy. 

Why? Because that’s the cover for them to default.  They can’t default without wiping out everybody’s pension fund.”

This seems very unlikely to succeed because it would pull out the foundations of the very system the globalists are relying on to protect their wealth. Global wealth is underpinned by private savings; take it away and you have, well, nothing.

The sociopaths at the top are incapable of protecting the system because to do so would mean they have to think of the general good, and they are incapable of that. Witness their many failed attempts to protect the global financial markets this century.

What should exercise investors’ minds is how to prepare for the shocks to the system as they attempt their Great Reset. There are no easy answers or obvious paths to take.

Martin points to gold and silver, but warns against cryptocurrencies, which governments could easily cancel: China and India have outlawed it already.

 

Reader note: This is general reporting only and should not be considered in any way to be investment or tax advice. It does not take into consideration the investment objectives, financial situation or particular needs of any particular investor. For more information please read our disclosure statement.

Related Article(s)