Preparing for Systemic Failure with Gold and Silver
Taking Risk Seriously!
The lights went out in Europe – Spain, Portugal, France, and Belgium. It’s just one more wake up call.
On Monday, April 28, Spain and Portugal experienced the brunt of a massive power outage. Spain lost about 60 percent of its electricity within about five seconds. 60 million people were without power. And it happened only a week after Spain claimed to have achieved 100 percent renewable energy power.
Transportation was a disaster. Traffic signals that didn’t work had people the roads and highways snarled up and people stuck. Trains stopped, leaving passengers in the middle of nowhere. Flights were grounded. 911 call centers didn’t work. People were stuck in elevators.
Commerce died. Banks, stock exchanges, grocery stores, all went down along with communications. Forget digital payment systems. If you didn’t have cash, you couldn’t get it from an ATM.
Explanations and speculation ran wild. It was a rare cosmic event, said some. It was a cyber-attack. Maybe the weather was to blame.
Actually it could have been any of those things: a solar flare phenomenon, a next generation terrorist attack, or even a freak weather event.
It turned out to have been the result of idiotic policy choices, an over reliance on unreliable solar power.
This is not the first time idiotic policy choices have caused widespread power loss. Remember a few years ago when winter storms left millions of people in Texas without power, sometimes for days. 18 gigawatts of “renewable” energy sources were offline. A big part of the problem: wind turbines that were inoperable because they were iced over.
All of our infrastructure is fragile. Instead of America keeping its grid and transportation systems in first rate conditions, we have spent trillions of dollars on foreign wars, foreign aid, and paying for endless and unspeakable social demands for the rest of the world. It has left us deeply in debt and trying to juggle our debts with money printing and selling bonds to an increasingly skeptical world. At the first sign of a serious grid failure, digital money will find itself at a deep discount to real money, gold and silver.
Don’t overlook the risk of digital hacking. The reality is that in an age of widespread identity theft and large-scape computers hacking, gold and silver are a preferred way to protect one’s privacy from the prying eyes of criminals. The Office of the Controller of the Currency has found that many of the biggest U.S. banks are unprepared for cyberattacks and other serious operational risks.
What’ll you do when your bank doesn’t open? When ATMs don’t work?
As our own infrastructure grows more fragile, you must take these failures seriously. In a crisis you need money – real money, gold and silver – that is off the grid, that you can get to.
Don’t be at risk of being blacked out!