It’s early Monday morning, and I am on fire. I am so
disgusted at what the world has become – in such a short period of time – I
want to both scream, and cry. Not that I had any new epiphanies about
human nature, of the devastating impact bankers and politicians have had on
not just my generation; but the “millennials” and “post-millennials” (like my
four-year old daughter) as well. However, realizing just how close we
are to the irreversible end game of global currency collapse; and all the
horrific political, economic, and social ills that will result; is a pretty
terrifying thought, no matter how much I have “prepared.”
That said, I did have a very, very, very significant “monetary epiphany”
this weekend – as I watch Bitcoin rise to within a few dollars of its
“adjusted all-time high” market capitalization, which I am told is roughly
$697/coin). Which is, that the global monetary future is unquestionably
digital. I.e., when all confidence is lost in Central
banks, people will turn to non-centralized, non-managed, low-fee-generating
crypto-currencies. Which, as I wrote in last week’s “Precious
Metals and Bitcoin, twin destroyers of the fiat regime,” has nothing to
do with rejecting Precious Metals; but to the contrary, embracing both as
stores of value, and crypto-currencies for transactional utility.
Recall 2014’s “Is gold money?
Who cares!,” where I said that I don’t own PMs because I anticipate a
“gold standard”; but instead, because gold and silver are history’s best
stores of value. Which, during what I anticipate will be history’s
worst fiat currency collapse; let alone, after 15 years of
production-crippling price suppression; will gain purchasing power more
powerfully, and rapidly, than at any time in history. However, given that
“gold standards,” like fiat currency regimes, must be managed by governments,
I don’t believe it possible that they can exist in the future; as not only
will trust in “monetary authority” be lost, but many “leading” governments,
like the United States’, have NO MORE GOLD! Which is why, after
watching countless videos from Bitcoin pioneers like Andreas Antonopolous, I
am more convinced than ever that the world will choose its own forms
of currency – be they Bitcoin, Ethereum, or one (or many) of the thousands of
others that have been recently created, or will be in the future.
Just as PMs and Bitcoin are not monetary “competitors,” but staunch allies
in the war against fiat currency, there is no mutual exclusivity regarding
which crypto-currencies will “win” in the long-term. Personally, I own
Bitcoin for the same reason noted above regarding my ownership of Precious
Metals. Which is, not because I am “sure” Bitcoin will become a
monetary standard; but because, due to its first mover advantage; relatively
long crypto-currency history (enabling it to develop “monetary properties”);
and most importantly, the code that limits its “printing” to a mere 21
million units (of which, 15.8 million have already been created, and an
estimated 1.5 to 4.0 “lost” to poor “storage” techniques); it will be the
most likely to store value – and likely, dramatically increase
purchasing power. Perhaps, more than any “investment” in financial
history.
While you digest that enormous mouthful of critical, future-changing
analysis, let’s get back to today’s dire article title – of how the end game
started this weekend. And consequently, that you must protect
yourself NOW – both monetarily, and otherwise! What changed, you
ask? Well, in my view, a great many things; none of which are
surprising – and all of which, in sum total, fortify my powerful belief,
which I have vehemently espoused all year long; that the world WILL NOT
survive 2016 without catastrophic economic and/or financial market
event. And hopefully, not a political, social, and/or military event as
well.
To start, Bitcoins’ meteoric surge to the aforementioned all-time high,
which started Saturday afternoon at $570, taking it to the cusp of $700 as I
write. Of course, the moronic MSM, desperate to “blame” the surge on
something other than the collapsing global fiat currency regime, continued to
harp on Chinese fears; of Chinese capital controls; a Chinese
Yuan devaluation (validated by last night’s weak Yuan “fixing”); and Chinese
economic woes (validated by last night’s horrific, across-the-board
Chinese economic data). However, in my view, the reality of the
situation is what I just wrote of – and spoke of on countless Audioblogs and
podcasts, such as the MUST LISTEN Greg Hunter podcast released yesterday.
Which is, that fear – of all Central banks and governments – is
reaching its own denouement, just in time for what I last month described as
the “most
important, and Precious Metal bullish, election in history”; i.e, the
June 23rd “Brexit” referendum. Which I beg and plead everyone to
pay attention to, by not only watching “Brexit, the Movie”; but the fantastic
Stefan Molyneaux podcast I highlighted last
week; and the fiery, anti-EU diatribe at the end of this article. For weeks, the David Cameron/Barack
Obama-led propaganda of unbeatable “BrEmain” support has dominated the
MSM. However, just ten days away from the big day, such lies are
imploding as rapidly as global confidence in fiat currencies.
To wit, this weekend’s “shocking” poll, showing the “leave” faction now
leading the “remain” group by a whopping 19 percentage points. In other
words, the end of the horrific, citizen-destroying European Union is nigh –
although god knows what political hell will replace it, and accompanying
monetary and economic shocks. And yes, more and more of the world’s “big
money” knows it, too; such as billionaire, high-profile hedge fund manager
Paul Singer, who this weekend joined George Soros, Stanley Druckenmiller,
Kyle Bass, Bill Gross, and others in claiming gold is the new go-to
asset. Or, mirroring my sentiments perfectly, the words of a major
European Chief Investment Officer, that “if the Brexit happens, gold will be
the world’s strongest currency.” Not to mention, Jim Rickards, who tomorrow
night will be holding a special conference call to discuss his belief
that the most important monetary event since the 1971 gold standard
abandonment – which he deems the “zero hour” – is imminent. And by the
way, as I edit, Fitch just cut Japan’s credit outlook to negative.
Long-time readers are well aware of my staunch belief that the “Land of the
Setting Sun” will be the first “first world” nation to experience 21st
Century hyperinflation; and frankly, it wouldn’t surprise me one bit if the
land of “deflation” – which ironically, has one of the world’s highest costs
of living – implodes in a fiery monetary hell within the next 12 months.
And last, but FAR from least, Saturday night’s horrific Orlando nightclub
shooting – which, with 50 casualties and more than 50 injured, ranks as one
of the worst in U.S. history. Regardless of the real story of how, and
why, it occurred, it was in fact perpetrated by an Afghani-American, who
purportedly called 911 moments beforehand to swear his allegiance to
ISIS. In other words, anti-Moslem rhetoric – globally (let
alone, 10 days before the Brexit referendum) – is about to go
hyperbolic. And this, barely four months ahead of what will likely be
an historic U.S. presidential election. Honestly, I am terrified
as to what the Western worlds’ cumulative “policy response” will be; which is
why, more than ever, I believe “the end game started this weekend”; and thus,
that you should protect yourself – both monetarily and otherwise – NOW!
To that end, I hope that everyone in the Chicago area realizes that Miles
Franklin’s next, FREE, NO STRINGS ATTACHED, “Q&A Rap Session” – featuring
myself and our President and Co-Founder, Andy Schectman – will be held on
Friday night, June 24th, just one day after the Brexit referendum.
