Editor’s Note: The commentary below by Belle Carter from Natural News is NOT a sponsored post. It was written with full editorial integrity and does not attempt to push a product. The reason I decided to label this particular post as “sponsored” is because it highlights one of the biggest reasons I have become so bullish on Americans moving their retirement accounts to self-directed IRAs backed by PHYSICAL precious metals.
Therefore, it’s a “sponsored” post even though the information below was written without bias. I have never been a fan of precious metals after being courted by literally dozens of companies to sponsor my content over the years. It wasn’t until the Biden-Harris regime started doing their thing that I turned to precious metals sponsors, of which I recommend three. With that said, here’s Belle Carter…
Back in September last year, the Health Ranger Mike Adams put forward a scenario in which things could end in a global force majeure. This is slowly taking shape now as financial institutions start to crumble.
Finance website Investopedia defines force majeure as a clause included in contracts that takes out liability for unforeseeable and unavoidable catastrophes that interrupt the expected course of events and prevent participants from fulfilling obligations.
The examples cited are natural disasters like hurricanes, tornadoes and earthquakes, as well as human actions like armed conflicts and man-made diseases.
“It means that many financial obligations – potentially including social security, U.S. Treasury debt, pensions, derivatives, commodities paper contracts, industrial deliverables, insurance payout obligations, etc. – would be nullified,” Adams said during the September 12, 2022 episode of “Health Ranger Report.”
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“This appears to be part of the ‘Great Reset’ plan to clear out U.S. Treasury debt by ‘defaulting without defaulting’ – i.e. blaming some other great emergency for the cancellation of financial obligations and the wholesale resetting of the global money canvas.” (Related: Global FORCE MAJEURE coming after declaration of World War III – many financial obligations, contracts and pensions will be vacated.)
Stock analyst Marshall Hargrave also pointed out that force majeure, by virtue of not always being 100 percent clear and transparent, generally favors the big guys. “Big, powerful insurance firms can use these clauses as an excuse to wriggle out of their obligations. Conversely, if an average Joe stands to benefit from a force majeure exception, they might not have the financial muscle to prove that the event in question qualifies,” the finance expert commented.
As the global banking system is starting to cave in, bank runs are becoming prevalent and the U.S. dollar has begun to see its demise. People who fear the unknown are now resorting to buying precious metals, especially gold for safety and security.
But according to DakotaDepository.com, a more likely scenario is that the government would ban gold ownership. It said that if the Fed wanted to restore a gold-backed dollar, it should become the top buyer of gold within the United States.
“For example, if the Fed believed that the dollar should be backed by gold at a rate of $15,000 per ounce, they may start by bidding $3,000 per ounce to see how much they can get people to sell at that rate,” the site noted. “They could then begin raising that price over time to get more and more gold to flow in until they reach their target for gold holdings necessary to support whatever exchange rate they are trying to peg. In this scenario, many people would be enticed to sell their gold and, so, no costly and impossible-to-implement confiscation measures would be necessary.”
Investopedia: COVID-19 pandemic could qualify as force majeure
According to Investopedia, the Wuhan coronavirus (COVID-19) pandemic could qualify as force majeure.
The Federal Reserve Bank of Chicago confirmed this in a newsletter titled “What’s the Potential Impact of Force Majeure Claims on Financial Stability?” published on its official site. It said that force majeure issues emerged as the pandemic unfolded in early 2020. Claims initially came out within the mortgage-backed securities markets in March of the same year following a period of extreme volatility in interest rates.
“Force majeure was also declared in the oil markets, after West Texas Intermediate crude oil traded at close to negative $40 per barrel on April 20, 2020. Another prominent example occurred nearly a year later in February 2021, when facing extreme winter weather in Texas, oil producers and chemical companies declared force majeure on their sales contracts,” the report stated.
Visit EconomicRiot.com for more news related to the collapsing global economy.
Watch the video below that talks about the Great Reset and secret societies.
This video is from the Tommy’s Podcast channel on Brighteon.com.
More related stories:
- FORCE MAJEURE: Massive global shutdowns are now under way for METALS SMELTING operations covering iron, copper, nickel, aluminum, zinc and STEEL.
- Libya announces force majeure on oil exports amid continued blockades of production and ports.
- Gas flows from Russia to Germany halted INDEFINITELY following Gazprom force majeure declaration.
- Railroad force majeure declarations were about halting animal feed shipments – they’re trying to starve us out!
Sources include:
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.
