PETER KATT: THE LAST DINOSAUR
http://www.familysecuritymatters.org/publications/detail/last-dinosaur?f=must_reads
Humanity would not have been possible without the extinction of dinosaurs et al. some 66 million years ago due to a large meteor impacting earth. Though many greens regret this, the rest of us are damned pleased. The lesson is that some destructions clear the way for a more enlightened future. As described here http://www.familysecuritymatters.org/publications/detail/dont-look-down, we are facing financial collapse, with the dollar’s death certificate likely to state the cause as hyperinflation. I noted that it could occur tomorrow or in a decade. And while this piece didn’t express horror of such collapse, further thought has convinced me to embrace a reset (not like I have a choice in the matter – as I keep telling my wife, my analyzing and writing about it won’t be the cause).
How could it be a good thing, asks the dinosaur? Well, consider where we are, just naming what is in the news currently: our president is an Islamist; he has set up an invasion of the southern border to create chaos with the added bonus of seeding a Democrat voting block; and Ferguson, MO, where John Lewis (Atlanta representative) wants martial law in order to protect the protesters (rioters), a St. Louis alderman believes that a black youth robbing a store is like having two beers at a ball game and driving home and the homie State Police captain now in charge calls off law enforcement so the rioters could burn down a market (this as of 7/16/14). Not to mention our dear RINOs.
As I noted in my Don’t Look Down essay, the hyperinflation I am referring to is a mass loss of confidence in the dollar. The true national debt is ~ $200 trillion that includes underfunded and unfunded obligations. States and localities add to this as do private pensions. But it doesn’t matter how much more because we aren’t going to be able to pay back or pay out no matter what the number is.
And then there are the derivatives for which there is little public information, but are estimated to have a notional value worldwide of $750 trillion to $1.5 quadrillion. Goldman Sachs and Citi each have derivative exposure in the ballpark of $70 trillion with assets of some $1.8 trillion. An event that causes the market (investors) to demand higher interest for bonds, for example, could / would trigger a derivative disaster. Trying to get a handle on them is impossible, for anyone. Lehman went down in 2008 because of them and an army of experts are still trying to unwind them – but never will because there are intertwining swaps, bets, debt insurance etc. with a vast number of counter-parties. They are like the crab grass that enters my yard each August – utterly entangled. It must be pulled up by their roots.
Although the loss of confidence could be triggered by an explosive event (like Lehman), it could be preceded by a conventional trend such as serious deflation. If (or when) the dollar goes, all major currencies are doomed because the dollar is the world’s reserve currency (which the major countries are feverishly trying to end) and the reset is off and running.
There are four collapse timing possibilities. First, it all falls down before November 2016 with Obama manning the rudder. In short order government benefits are gone – Ferguson, MO writ large and Obama either letting it go or suppressing the haves defending their stuff. This will be bloody for those unfortunate to be in the path of these hordes. But remember 9/11 Flight 93. The instant these passengers put it together from a cell call they went into action – “let’s roll.” God Bless them, they are our beacon. It is unimaginable that the military and law enforcement are going to follow Obama into battle against Americans, though they may have mercenaries lined up. Still, this is a big country with a population not to be messed with once it is time to “let’s roll.” The deer hunting licenses from last year totaled 750,000 in Pennsylvania, 700,000 in my wonderful Michigan, 600,000 for Wisconsin and 250,000 in West Virginia alone. So aside from some anti-American military / law enforcement and a handful of hired guns (I just don’t think there will be trident subs in the Great Lakes) what are Democrat voting-blocks (intercity blacks and Latinos, LGBTs single females, etc.) going to do. I can’t wait to see that movie. Bottom line – though brutal, America will win.
The second scenario is collapse happens after November 2016 with Hillary as president. Most likely, the same result as pre-November 2016 with Obama. I just don’t see her astride a stallion, looking like Washington, leading the First-Cav against let’s say ~ 100 million armed, pissed off Americans.
A third scenario is that collapse happens after November 2016 with a RINO president. I’m not sure this would be better than Obama or Hillary presiding because we patriots, after defending our communities from onslaughts, will be confused as President (Mitt Romney, Jeb Bush etc.) desperately tries to get the toothpaste back into the tube without realizing / admitting the whole house is gone. This could bump along in a bipartisan haze until finally a Ronald Reagan / Ted Cruz is elected. Though we could end up with an FDR and we are back in the pit.
The fourth situation is collapse under President Cruz. There is little doubt he would recognize the complete reset imperative and get on with it. As noted, far from a collapse being something to fear or unfathomable misery, under Cruz after the crisis has been addressed and digested, I expect we would experience a torrent of real work, real responsibility building toward real prosperity (sorry about the reals but since Reagan it has been unreal).
The greatest triumph of a Cruz presidency would be the annihilation of post-constitutionalism. This couldn’t happen without a bone shaking crisis. We are over the cliff and no conservative can change that, not that the MSM and Democrats would allow it anyway. We must have the big-bang. Hence welcoming the inevitable financial collapse is entirely rational.
If you hear mention of some rumor about big-trouble in the derivatives-world or that Bohner has agreed with dear leader to, ah, save our pensions by stocking them with Yellen-bucks, you will know it is too late to prepare. Had you prepared this is probably what you would do:
- Own physical gold and silver;
- Cash;
- Bank accounts moved to a community bank.
- Two month supply of the stuff you need on a daily or regular basis.
- Guns and ammo;
- Barterable items, such as liquor. and
- Though difficult for most, moved out of a large city where mobs can easily attack.
Except for #7, these preparations don’t cost you anything.
If we happen to luck out having Cruz on the deck when it hits, this is what I would hope for:
- Move everything but defense, national tax system, minimum necessary interstate regulations etc. to the states.
- Back on a gold standard that Russia and China appear to be headed for already.
- Except for certain National Parks, auction off Federal lands.
- Send Geraldo to search the New York Fed gold vaults.
- Inform the Mexican government that we are declaring a two mile no-go zone from our border south. Breaching this zone will be met with lethal force. There will be deployments of as many special-op teams with snipers and drones as needed. Children arriving will be detained and immediately driven, with full military escort, to Chihuahua. Finally, inform Mexico we will be releasing all illegals in US prisons to them.
- Impeachment and conviction of Federal judges (including Supreme Court Justices) who nullify the Constitution. Yes Virginia, there really is a Constitution. Let’s all find out what is says.
- End our memberships in NATO and the UN if it hasn’t happened naturally. Use ad hoc alliances for specific situations.
- Military presences abroad ended.
- Relations with Russia and China should focus on our same enemy Islamofacsism.
- Build “iron dome” and upgrade and modernize our nuclear triad.
- Support for Caroline Glick’s Israeli “one state solution.”
- Appoint Kerry permanent envoy to Gaza.
We cannot get out from under this Marxist/progressive totalitarianism without an unescapable financial collapse. Hard work, responsibility, thrift and character are the price all patriots will be glad to pay for a return to civil society.
FamilySecurityMatters.org Contributor Peter Katt is a nationally recognized insurance expert who has authored more than 200 columns and articles on various insurance issues
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