What if we are wrong?

Sun, Jan 25, 2015 - 10:27am

In the spirit of considering both sides of a question, why not take a thought trip and explore a future where all of our relatives and friends who have rolled their eyes at us turn out to be right? What if we have been deluded all along…

  • that Keynesian fiat is a superior form of economics to commodity backed currencies
  • that gold’s only value is for jewelry and an industry
  • that a large war jump starts the economies of the world
  • that Obama does not lie—ever, nor is he wrong

Who am I kidding? I gotta take another angle on this…

What if TPTB actually win and manage to somehow switch the world over to the SDR as a trade currency, that precious metals are prohibited for private ownership, that the militarized police and invasive citizen-spying clamp down on black markets (except for drugs of course) and force everyone to conform and stay in the sheep pen.

Now, I am convined that it only through the power of propaganda tactics that they could pull this off. But they have the most powerful media networks ever created and are adeptly managing to keep the conformist citizenry distracted with celebrities, mini-series’ on TV, movies, video games, alcohol, porn and consumerism. Meanwhile, personal debt levels have risen, forcing young people to work two jobs. They come home so exhausted; they just want to distract themselves until the alarm goes off again.

So far, so good. Only a small minority in the West hold our views. And at some point, the internet will be tightly controlled, just as the TV and cable media are now. Dissenters will not be heard except for some newsletter they write, print at home, and secretly mail out to their few subscribers—like it was two decades ago.

What if they somehow pull of this one-world government, getting China and the BRICs nations to sign on by letting them lead it, forcing the west back into 3rd world status along with everyone else. They avoid WW3 by recognizing that fiat is failing and gold-backed assets MUST become the foundation for the economies. Metals are confiscated, but worse, the black markets are forced out of business by overzealous military police who make that their main task. And then the mysterious blue-bloods castrate the neo-cons, disempower our congress and set up their cherished dream.

But for most, life in the US and Europe just goes on. We do not see the shifts in our daily lives except that we are poorer. I never get to hold a SDR note in my hand. I just see pictures. People in my town will increasingly move into old trailer homes and live on cheap GMO foods. At some point, the large beautiful homes are converted into to three and fourplex apartment buildings—just like the Victorian mansions are in downtown areas of the old Midwest cities today. And the Big reset will have occurred right under everyone’s nose, but few will be the wiser.

If that is our future, will you be happy with the place your preparations have taken you? Enough food to get through smaller economic crises? A paid off home? A home business that can meet basic needs. Gardening, fruit and nut trees, livestock, chickens? Naturopathic or herbal health care? Solar power or some other home generated source for electricity. Hey! How about no power at all, just like our great-grandparents. (My grandmother and uncle are pictured at right in about 1927--she was tough!) A bit of distance or other form of security from untrustworthy neighbors. Life on a small farm? A stack of metals cleverly hidden that you find increasingly difficult to use. You are wealthy, but have to dodge the law to use it.

I feel bad for those who prepped radically in 2008, with a bug-out property, hoards of food and lead, then lost it all as bankruptcy, foreclosure and tax liens overtook them. There were dozens of homes for sale in remote areas near my town with solar systems, cisterns, wells, and other handy features. I feel bad for those who cashed out retirement plans and bought 1900 gold and have since become discouraged. (I am in that camp with a 403b converted at 00). But for either group, only the timing has been wrong, not the action, and that only from the perspective of the short term. Ten years from now, we may be saying, “I am sure glad I cashed out and bought gold. Things looked bad for a few years, but then … Oh boy!”

Well, a self-sufficient life founded on the preparations we are making now sounds a lot better than a debt-slave life of minimum wage jobs, Obamacare, taxes and sharing a small apartment with another family just to make ends meet. For most sheep on the current path, that is as good as it will get.

There seem to be several ways things can go:

  • Sudden collapse and chaos
  • Slow collapse
  • War until there is little left to fight over
  • A bumpy transition to an IMF run world economy
  • A smooth transition…
  • A Ron Paul style revolution … One can hope…

How long can the current system continue—a few years perhaps? Maybe only a few months. Who knows? But I am doing my pitiful best to get a home paid off (building a small cabin on a lot where I have good soil) and learning to be as self-sufficient as possible. And whatever happens, even the unthinkable where this current system keeps pulling tricks out of the bag, I will be satisfied with the kind of life I am transitioning into.

Woe unto those who trust in paper and trust in the kind-hearted banks who will surely forgive their home and student loans. They will be wiped out financially, pushed out of their home, or have to rent it back, and have no choices but what those in power hand to them.

I prefer choices. The risks are too great to continue life as usual.

And whatever happens, I have a sneaking suspicion that there will be at least a short window as markets go into upheaval where we can unload hefty portions of our stacks to pay off homes, buy productive land, or become wealthy enough to expatriate elsewhere and settle in. But even after that, I suspect liberty as we know it will be curtailed worldwide. But then again, I have been a debt-slave all my life with little liberty. But I am no longer ignorant and I hope to pass on that economic literacy to my kids and boost them into a life of light and liberty, even if this present system somehow remains in control. If we are wrong, it was not about what’s been going on, only in how it would turn out.

If we are wrong, I will have no regrets. I will have choices. But the evidence says that we are right and we will need those choices.

About the Author


Jan 25, 2015 - 10:29am



Jan 25, 2015 - 10:46am

Furst after Turd

Happy Sunday to all.

Jan 25, 2015 - 11:09am


Well done Turd.

Dr. P. Metals
Jan 25, 2015 - 11:09am


Now that was funny!

Ned BradenDr. P. Metals
Jan 25, 2015 - 11:14am

Another Well-Written

And timely post, Dr. J.

Must admit I've been asking myself those very same questions last couple years; generally after "discussing" things with Mrs. Braden..... ;-)

Jan 25, 2015 - 11:17am

Bravo, Dr J.

Awesome piece. I am much of the same mind. This past week, I finished an elevated garden project complete with an integrated watering system connected to my rain catch system. All gravity fed, no city water required, and free from the sky. I filled it with 3 cubic yards of all organic compost made right in my back yard. Also included is a sense of great satisfaction and the potential for about 900 pounds of vegetables every year from now on. How's that for dividends? It didn't cost much, mostly time and know how and some creativity. And I have created wealth close to me that can't be pilfered by taxes or inflation. As my favorite coked out celebrity would say, "Winning!" Keep it up, Dr. J.

Jan 25, 2015 - 11:50am

Thank You Dr J

Another wonderful piece to ponder...we may not know how everything will unfold but we know TPTB will lose in the end...and lose bigger than they could have ever imagined...

Jan 25, 2015 - 11:59am

Great Post

What I can 't figure out is how we keep electing 500+ people in Washington that continually sell out. We hold more elections every 2 years , and the new group sells out. How can there be that many criminals at the grass roots level that keep replacing the last group of criminals?

Jan 25, 2015 - 12:01pm

Bravo indeed

Great piece, Dr. J. No matter how things unfold, something has to give, and those with options will be the best off (after system insiders, sycophants and enforcers). Even the last of those will feel some of the pain. Black markets CAN, to a degree, be suppressed - but never entirely stamped out. And this highlights the need for stacking a NETWORK, along with all the things you listed. Low profile and center of mass, and lots of available, well-mapped alternate paths are indeed necessary.

Jan 25, 2015 - 2:13pm

Fantastic and thought

provoking essay/post, greatly appreciated Dr Jerome.

Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
10/3 10:00 ET ISM Service PMI
10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
9/24 10:00 ET Consumer Confidence
9/26 8:30 ET Q2 GDP third guess
9/27 8:30 ET Durable Goods
9/27 8:30 ET Pers Inc and Cons Spend
9/27 8:30 ET Core Inflation

Key Economic Events Week of 9/16

9/17 9:15 ET Cap Ute & Ind Prod
9/18 8:30 ET Housing Starts & Bldg Perm.
9/18 2:00 ET Fedlines
9/18 2:30 ET CGP presser
9/19 8:30 ET Philly Fed
9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
9/11 10:00 ET Wholesale Inv.
9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
9/3 10:00 ET ISM Manu PMI
9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
8/27 9:00 ET Case-Shiller Home Price Idx
8/27 10:00 ET Consumer Confidence
8/29 8:30 ET Q2 GDP 2nd guess
8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

8/21 10:00 ET Existing home sales
8/21 2:00 ET July FOMC minutes
8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
8/14 8:30 ET Philly Fed
8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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