When nickel prices hit $100,000 per ton recently, the London Metal Exchange (LME) decided to halt all trading and reverse almost 4,000 contracts to safeguard the profits of a China-based mega-player who had been exposed to more than $5 billion in margin calls. In effect, the LME proclaimed that it will now arbitrarily choose winners and losers, markets be damned.
The LME committed credibility suicide by doing so. There is no reason for any investor or trader to trust any LME transaction, whether it is in copper, aluminum, zinc, nickel, or any other metal. The LME’s markets are no longer functional, and you can only “win” a deal if you meet certain criteria.
The fascist Justin Castro Trudeau regime in Canada has asked banks to take the individual accounts of citizens who donated to the freedom trucker convoy. The banking contract was ripped to shreds overnight. Banks can no longer be relied upon to safeguard the assets you have entrusted to them.
Instead, they will steal your money whenever the government tells them to, with no due process or respect for the rule of law, even if you have broken no laws.
On a broader scale, the world’s central banks recently plundered $300 billion in Russian central bank “reserves.” Following Russia’s invasion of Ukraine, western banks determined that they had authorization to steal $300 billion in Russian assets, thereby The Russian economy is being destroyed.
Facts, reason, and law are becoming increasingly irrelevant in courtrooms across America and Western nations. Currently, all prosecutorial judgments are made solely on the basis of virtue signaling. If a Leftist assassinates a Trump supporter in broad open, the charges against them will be dropped, as happened recently in Colorado. However, even if a conservative does nothing more than peacefully protest at the nation’s capitol building, they will be imprisoned for years without trial, even though they have broken no laws.
You have a rent contract with a tenant if you own a home in America and rent it out to someone. When the Covid pandemic began, however, the CDC unexpectedly declared itself the lead agency.
The pillars of western civilization are crumbling right in front of our eyes, as these instances demonstrate – and this is just the tip of the iceberg. If “reserves” don’t mean reserves, “money” doesn’t mean money, “home ownership” doesn’t mean ownership, and “rule of law” doesn’t mean rule of law, we’ve lost sight of the core ideals that underpin Western civilization.
We now live in a world where practically everything is fake — fake news, fake money, fake history, fake education, fake science, fake medicine, fake elections, fake pandemics, fake shootings, fake hate crimes, and so on — and we have no civil compass. There is no longer any real foundation for social contracts and ethical behavior.
When an honest individual can’t trust the courts to apply the law equitably and without political prejudice, the legal system has lost all “respect” and can only be described as “illegal.” Every court in America has devolved into a kangaroo court where show trials are held.
You know you’re living under an authoritarian dictatorship of thieves and criminals when your country’s currency loses 2% of its purchasing power every month while the central bank creates trillions in new fiat currency while robbing “Reserve” holdings of foreign countries
Simply said, Western civilization has committed suicide. It’s no longer held together by any adhesive. Elections are rigged, money is counterfeit, news is made on purpose, and propaganda is ridiculous.
We live in a country where a Supreme Court nominee (Jackson) recently said publicly that she has no concept of what the definition of a woman is. Despite the fact that she is seemingly incapable of realizing she is a woman (maybe she should check her britches to find out…), we are told she will be the “first black woman” on the bench.
This is the sheer foolishness with which our country is now confronted, and it is a terrifying symptom of a failed empire now operating on fumes, falsehoods, and fantasy delusions.
I’m going to make a big prediction that may surprise some people: It won’t be long before the Ruble surpasses the Dollar in strength. The dollar will be devalued to nothing. The ruble will soar to the point that it will compete with a world reserve currency, backed by commodities such as natural gas.
Russia isn’t at risk of collapsing.
However the USA most certainly is.
Beginning this summer, America will face increasing food scarcity, food inflation, gasoline inflation, power outages, and civil instability.
America will be wracked by violent riots in key cities from 2022 to 2024, and the mad central bank will print trillions of dollars in fresh stimulus money to try to pay the rioters off with “free” money (subject to your social credit score approval, of course).
This will simply hasten the dollar’s depreciation, and consider it a miracle if the currency retains any real value by the election in 2024.
Most likely, the dollar will be finished well before November of ’24.