"The Great Reset" is "The Great Taking"

"The Great Uncle Sam Ponzi Scheme" is about to Explode

The good old US of A has wracked up 34 trillion of debt and counting. Tax take is only 4.4 trillion. If interest rates spike to 13% then the entire US budget will need to be spent on the interest alone. No pensions, no entitlements, no healthcare, no government departments, no military, nothing.

At the current deficit of 2.7 trillion in 2028 the debt will reach 47.5 trillion and the tax take say 4.8 trillion. At this point a 10% interest rate equals the entire US budget.

The Great Reset is fast approaching and the inevitable explosion that is coming will wipe out most financial assets. When the banks close their doors this time it will be very different.

When they finally reopen you can expect your pension to be gone, your shares will have magically disappeared and your cash balance will be available as digital dollars only and these will be worth 10% of your original balance if you are lucky.

All of the laws are already in place that make this perfectly legal of course. Download “The Great Taking” for free for more info.

We will own nothing because they intend to take it all. If you have a car loan your car will be repossessed, you will of course be able to rent it back at a ridiculous interest rate. If you have a mortgage your house will be repossessed, you will of course be able to rent it back at a ridiculous interest rate. You will of course be perfectly happy because if not you will be thrown in jail.

This closure will probably be simultaneous with a mystery internet virus that “forces” the government to close the internet for your own safety of course. When it finally reopens you will need your digital vaccine ID to log on and of course Bitcoin will be unavailable on the new government censored internet.

Now is the time to start preparing. The only assets worth holding are freehold land, high yield property, gold and silver for the foreseeable future. If you have a pension cash it in now. If you have shares sell them now.

If you are lucky enough to have cash in the bank get it out now. Buy a small forest, a classic car or physical gold stored in a private (not a bank) vault. Silver coins will also suddenly become incredibly useful. The only downside to these actions may be that you develop a really annoying smug grin, aka “Simon Cowell Syndrome”.

Please note physical gold and silver are liable to confiscation so they are a more of a short term play. Make sure you move into private land before the confiscations begin. Read everything Jim Rickards says on The Daily Reckoning here and Bill Bonner says here and you will get plenty of warning. Bill’s daily musings are free if you sign up to his stack.

If it looks like land confiscations are coming probably to pay “reparations” it will be time to emigrate so it is well worth getting a second passport now before the pen is closed.