The Economy and Civil Unrest in America
We’ve already had Third World inflation, endless wars, defund the police, socialist leaders, and a currency that the whole world is backing away from! So why not be prepared?
Consumer prices are up 39% since 2012. If you retired in 2012 after carefully planning your household budget, too bad for you! You could say, as we did, that consumer prices are up 39% since then, but you could also say the dollar isn’t what it used to be.
Both are right. Bear that in mind if you are trying to plan your future retirement right now.
If you watched the endless parade of no-win American wars – wars that were never declared like the Constitution demands – maybe you wonder about all we could have done in America with all those trillions of dollars. Or better still, what you could have done with your own money had they not taken it from you in the first place.
Maybe you watched American cities burn under Biden and Harris. Maybe you didn’t agree with the Vice President and the rest of the Left about defunding the police.
Maybe you are watching the rise of American socialism and the world moving away from the global dollar, and you are asking yourself:
“What’s next?”
Here’s your answer. Civil unrest. Just like the burning cities of a couple of years ago. Except everywhere. And regardless of who wins the White House.
Hedgefunder Rayn Dalio, the founder of Bridgewater Associates, wonders what the next economic downturn will be like. “Disparity in wealth, especially when accompanied by disparity in values, leads to increasing conflict and, in the government, that manifests itself in the form of populism of the left and populism of the right and often in revolutions of one sort or another,” says Dalio.
Look at the evidence in the UK. Like here, political protests are treated like a crime. Crimes are treated like political protests. Riots spread across the UK after ten people were attacked, with three young girls stabbed to death in Southport, attacked by the offspring of immigrants. Axel Muganwa Rudakubana, the son of Rwandan immigrants, is accused of the murders. The government is calling protests against migrants “far-right thuggery” with Prime Minister Keir Starmer looking to silence dissent and threatening protestors with “the full force of the law.”
It doesn’t take a Nostradamus to foresee that open borders bring chaos, even here in the US: from drugs, human trafficking, economic displacement, and increased demand for taxes, to providing immigrant medical care, education, housing, welfare, and policing expenses. Just last year it cost an estimated $150 billion and that is after taking into account whatever taxes illegals might have paid.
That is just one among many examples of the dry tinder awaiting a spark in today’s political environment. Protests everywhere, faltering economies, wars and rumors of wars.
Here’s some more fuel for the fire. The consumer has been pounded senseless by inflation. US credit card debt has risen by more than 48 percent since the first quarter of 2021.
A woman in Dayton, Ohio offered this comment to Fox News: “I just want the younger generations to have a future… that’s what I’m most worried about… just because I feel like America and the world is kind of all on fire.”
There was a time that the prosperity of the country provided money to be wildly thrown at problems to keep a lid on things. There was the Great Society, the War on Poverty, and a host of other boondoggles and wealth transfer programs.
Some politicians are stuck in time and think this is the same prosperous country that it was back then and the problems can be bought off. Wrong. But they keep proposing more spending anyway.
Nobody ever says how it will be paid for. But for a government irretrievably in debt like our own, it has to be by inflation.
In the US, Martin Armstrong from Armstrong Economics says, “We are looking at serious civil unrest regardless of who wins in November.” That stands to reason. 44 percent of respondents in a recent survey said they aren’t making enough take-home pay to cover their daily expenses.
Hello? Read that last sentence again! 44 percent! That’s how many aren’t able to cover their daily expenses.
And that is now, before the recession hits.
What used to be assumed to be a social contract between the governing classes and the governed has gone the way of the winds. As far as we can tell, the governing classes are focused on stealing everything that isn’t nailed down. Government cronies keep asking for and getting more, more, more.
Because there is no one to stop them, much less to even insist on an honest accounting for where all the peoples’ money is going, chaos is growing.
What should you invest in to protect yourself from civil unrest? From economic chaos? From monetary chaos?
If thousands of years of human experience from all around the globe are any indication (and they are for good reason), the answer is gold and silver.
Enough said.