Following the Civil War, the 14th Amendment was adopted to secure citizenship for all natural born Americans, including former slaves. But a section of the Amendment is being proposed as an end-around for the debt ceiling and many radical leftists are encouraging the White House to use it instead of negotiating with House Republicans.
Every American needs to understand two things. First, invoking the 14th Amendment as a way to print more money to pay our debts without raising the debt ceiling officially would be the straw that breaks the camel’s back. In this case, the camel is the U.S. Dollar’s tenuous position as the world reserve currency. Second, most of those who are pressing Joe Biden to invoke the 14th Amendment are well aware that it would rapidly tank the economy.
In fact, they’re banking on it.
Would defaulting on our debts be bad? Absolutely. It may not be as bad as Treasury Secretary Janet Yellen and her team of progressive economic advisors have deduced; they believe (or at least state as their belief) that models show a U.S. government default would be catastrophic, sending most markets spiraling, driving up unemployment, shutting down businesses, and starting a chain reaction that results in fiscal carnage.
It would be bad. I’m not an economist but those I’ve consulted with think Yellen may be overstating the dangers. With that said, none of them were willing to go on record saying they thought Yellen was being overly dramatic, so my concerns have not been fully abated. They think she’s overstating but they wouldn’t bet on it. As one conservative economist told me, “I’m not planning for the apocalypse but I did move portions of my portfolio to gold, just in case.”
A default would be bad and might be very bad. Invoking the 14th Amendment would be very bad in the best-case-scenario. Moves across the globe for de-dollarization have been rapid and spreading. This has been in-progress for a while, prompted by BRICS nations’ desire to end U.S. Dollar hegemony, then exacerbated by “bully” tactics against Russia at the start of the Ukraine War. It wasn’t just Russia that took notice of how SWIFT was weaponized. Other nations watched disapprovingly and began looking for alternatives.
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By invoking the 14th Amendment, Joe Biden will verify what many nations have been thinking for a while, that the United States is too reckless and the U.S. Dollar is too printable to be trusted. By removing Congress from the equation, Biden will be declaring that the White House is engaging in full-blown Modern Monetary Theory. It would be the death knell for the U.S. Dollar and begin the rapid collapse of the U.S. economy.
Again, I’m not an economist. I talk to people who are much more versed on the topic than me and while there was no consensus on what would happen if we default, there was clear consensus on the outcome of declaring the U.S. Dollar is illegitimate. That’s essentially what Biden would be doing by invoking the 14th Amendment to pay our bills.
People like Senator Bernie Sanders and other politicians pushing Biden to do it are aware of this. The globalist elite cabal is also very aware of it and are likely behind many of the calls by Democrats to invoke it. Destroying the U.S. economy is a prerequisite for them to achieve The Great Reset and this appears to be the easiest way for them to see it happen.
Politically, it does not behoove Joe Biden to default, nor does it benefit his career to spark an economic collapse by invoking the 14th Amendment. But what if the things I’ve been saying for two years are correct? What if the powers-that-be who are controlling the Biden-Harris regime have no concerns about anyone’s political future because they think they can take the nation out before the next election? What if all of this is part of their plan? If Biden and Speaker of the House Kevin McCarthy are unable to raise the debt ceiling, I believe that would be proof positive that this is all being orchestrated to bring about our demise.
Unfortunately, raising the debt ceiling isn’t difficult. All the Uniparty Swamp needs are a few victories for both sides so they can tell their base that they won, and the can is officially kicked down the road. It’s unfortunate that it’s so easy because if we had real patriots representing us instead of the feckless RINOs of the Uniparty Swamp, we might actually be able to use debt ceiling negotiations to tackle the existential threat of a $31 trillion national debt and untenable deficits. Instead, we see punt after punt after punt because that’s a lot easier and more politically expedient than tightening our belts and acting responsibly.
If you feel powerless to stop all of this, it’s because you are. We all are. I despise having to be the bearer of more hopelessness but this isn’t one of the scenarios we can act against directly. Stolen elections have consequences. Now the best we can do is protect our own finances and brace for impact one way or another. Even a last-minute Uniparty Swamp deal will only mitigate the damage.
Stay frosty and be prepared. I’m not a financial advisor but I don’t think it’s a stretch to admit I’m doing like my economist friend and looking closely at gold and silver.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.