No, I don’t subscribe to the cosmological big bang theory. The facts of the creation and the intelligent design of the universe are indisputable. A growing body of scientists says the evidence of the intelligent design of the universe is profound.
The OTHER Big Bang Theory will soon be proven to all Americans, regardless of philosophical and theological points of view.
I quote from Mike DiBiase, editor, Stansberry’s Credit Opportunities, posted 7/8/2023:
“On a quiet Tuesday night in Germany, a 1,100-pound bomb exploded… killing three men.
This wasn’t a terrorist attack. The active bomb had been buried for nearly seven decades.
You see, the three victims were experts on disposing of World War II-era bombs. Reports said they had defused more than 600 bombs in their careers. But as the head of the Hamburg Ordnance Disposal Unit told German public television at the time… accidents happen.
Old, unexploded bombs remain a major problem throughout Europe. Working near such danger is a risky proposition, even for the best-trained experts. They know most of the bombs will eventually explode… They just don’t know exactly when.” Unquote
Mike DiBiase describes an unexploded credit bomb in the financial markets.
Before the presidency of Richard Nixon, the U.S. dollar was backed by gold. The dollars in your wallet and in your FDIC-insured bank accounts are not backed by anything tangible. The basis for the dollar is the performance of loans, Treasury Bonds, mortgages, bonds, and other credit instruments.
The backing for the fractional reserve banking system is performing loans. Loans that are performing, that is to say, being repaid on time, are assets of the banks. Defaults on loans can create panic. If there is public panic and a rush on the local banks, depositors will not be able to withdraw money because it will not be there for them.
- USA Today, May 4, 2023 | US banking crisis: Close to 190 banks could collapse, according to study
- Prepper Fortress, March 16, 2023 | Jim Rickards Warning “Money Will DISAPPEAR From Your Bank Accounts…” Economic Collapse Is Predicted In – 2023 – US Dollar Crash & Gold Prices To 10K! – Massive 78% U.S. Depopulation
- CNN, April 12, 2023 | The banking crisis will tilt US into recession, say Fed economists
- Daily Reckoning, July 8, 2023 | BREAKING: CIA Insider Reports Collapse of International Monetary System Now Imminent
- Business Insider, March 20, 2023 | How bad is the banking crisis?
- First Post (India), March 15, 2023 | Which will be the next bank to fail? The man who predicted the 2008 Lehman Brothers collapse has the answer
I agree with Daniela Cambone. Buy Gold. The dollar price of gold will probably increase by about 50% to $3,000/ounce before the end of 2023.
The simplest way to buy gold is GLINT, website: https://glintpay.com/us You purchase allocated gold. This is not an ETF or other financial investment subject to loss. With GLINT, your gold is stored in a Swiss vault and guaranteed by Lloyds of London. A Mastercard empowers you to spend gold anywhere on Earth.
There are numerous retirement accounts, IRAs backed by gold. I offer no opinion on these.
Physical gold is available through gold bullion dealers here in Texas and elsewhere. The risks with physical gold stored at home are fire and theft. You can buy more with cash than with credit. You can make large purchases more quickly than waiting for cash to accumulate.
Young couples tend to borrow on credit based on their combined income. I make no judgment as to their motivations. My warning is the consequence of buying mortgages and car notes that cannot be sustained when one wage earner loses employment during a recession. Twice in my lifetime, I have witnessed neighborhoods of new homes go dark as couples cannot pay their mortgages.
My wife and I set a goal over 40 years ago to live debt-free. We paid off our mortgage, purchased excellent used cars for cash, and never borrowed money. We operated our business without a line of credit from a bank, yet we had unlimited credit with our vendors because we faithfully paid them and our employees before we paid ourselves.
The rich rules over the poor, and the borrower is servant to the lender. — Proverbs 22:7 MEV
While the intelligent design of the Universe is common sense, I see no intelligent design in our financial situation.
John White
Rockwall, Texas
John N. White 