Bank Holiday
Counter-party risk will be the phrase we need to learn
(Listen to audio version of me reading👆)
We have seen banks shut down during times of chaos or bank runs (bank holidays.) Just when you need them most.
We have seen banks confiscate what’s in “safe deposit boxes” like gold.
We have seen presidents kicked off of social media.
We have seen conservative people targeted by the IRS.
We have seen shadow banning and gaslighting.
Who’s to say that phone companies or cable companies will not target your internet connection or shut off your phone in the future?
We don’t live in your grandfathers world anymore. We’re not in Kansas anymore.
And that’s just some of the things we know about.
Why are we trusting everyone else with our wealth and our survival?
Sheriffs and attorney generals will become huge freedom conduits for Americans.
Again, why put your fate in a few counter parties though?
This goes for both sides of the aisle.
When you have violent swings in markets because of unsound money and a lack of faith within humanity, people begin to act like caged animals and they start to do wild things.
The population tends to start voting in their own “strongmen.”
People that can come in and do their bidding for them and regain what is rightfully theirs.
This isn’t the first time and it won’t be the last time that it happens in a society or an empire.
Counter party (or trust in someone else) I believe is a term we have to understand and come to grips with.
When we put our cash in the bank we enter a counter party relationship with that bank. Where depositor is the creditor and bank has become a debtor.
The bank is a counter party and we are trusting that they will have that cash for us when we come back or that they will freely give it back to us upon our arrival.
When we accept a dollar bill we enter a counter party relationship and trust that it will be worth something when we wake up tomorrow.
The larger point to understand here is that you cannot and should not have all of your investments tied up in one asset class.
Most folks are generally invested in the paper asset class; stocks, bonds, mutual funds, ETFs, pensions, 401(k)s, and IRAs.
All vehicles that contain counterparty risk insofar as you have to trust that someone will release your wealth when you call on it.
In order to truly be wealthy and free if you must have at least something outside of the system.
Your stock trading account can be frozen.
Your bank account clearly can be frozen.
Your 401k could be frozen.
Your insurance company could decide to not pay you out.
Bond yields could be worthless in 10 years.
Property could be take from you or property taxes increased until you cannot afford it.
Optimum planning would include; energy sources like gas/solar/hydro, food and water storage, guns and ammunition, gold and silver, bitcoin, and hard physical cash stored away to truly be independent and resilient.
Starlink satellite and Bitcoin satellite to hopefully have internet and connection to the world if need be.
These are all items that you own and can sustain life and there is no trust needed.
I believe down to my core that the more people that can become truly hardened and resilient (say another 10 or 20% of population) it will totally change the dynamics of the United States of America.
Instead of voting for politicians that promise you things and give you free stuff we will vote to kick out the cronies and elect leaders who will stay out of our business.
Leaders who govern by the consent of the people instead of the other way around.
Every time we vote for more free stuff, more security, or more regulations we concede a little bit of our freedoms.
The government doesn’t just do that out of the goodness of their heart. It asks you for a piece of your freedom (and soul) and it gains that control over you for each thing you ask it to do.
This is a simple math equation and one that we have been on the losing side for years.
As Vladimir Lenin & Josef Stalin said, “debauch the currency to bring down capitalism,” and “slowly we will feed you socialism little by little and then one day you will wake up and have communism.”
Stay strong,