Lots of rain and wind at his place, heading inland.
Wooflation 3 parts. This is part one.
Currency collapse - all currencies related to the dollar, except ruble and a few independents.
Silver squeeze a symptom.
1910 meeting on Jekyll island - created Fed Reserve bank - not federal, no reserves, not a bank.
Ever since then, we have been living under an artificial construct.
That phase is ending.
Will affect everybody because the dollar is reserve currency or currency is pegged to it.
Know it is starting now - bank in Nigeria or Kenya.
Rejected BTC a week later, citizens choose BTC, bank now buying BTC as a reserve for their worthless currency.
This marks the start of the collapse.
All fiat currencies collapse, known for 6,000 years since China.
We are seeing the collapse of the Dollar Empire.
Unlike the collapse of the Byzantine Empire, it will not take the Capitol being overrun by barbarians.
50 U.S. states banded together.
The Dollar Empire is dying. The United States is NOT dying.
When the Fed Reserve dollar goes, the Dollar Empire will go, not the United States.
When? Close. It could be as close as weeks or months.
Dollar Empire headed by elite communists, a strange breed of technocrats.
Today the effects are being felt—same words in halls of the elite.
Yellen - "BTC bad" BTC drops 17%.
Same thing that happened in Africa. Yellen and The Fed just as vulnerable as African banks to solid currency.
People bought the dip.
Yellen can't sound shrill, fearful, or she weakens the dollar.
In Africa - 7-10 days to repudiate and turn around and adopt BTC.
Other choice was the Yuan. Chinese prejudiced, have not made friends, Africans prefer the Hindus and Indians better.
These things happen quickly.
African nation tried to make BTC illegal; citizens just crossed borders to get it.
Hollow people admin and Yellen not scaring Wall st or retail buyers.
Biden Admin/ Biden Harris conflicted has taken money from CCP, Wall st, BLM, special interests, and more.
Each thinks they own the middle. A type of rehypothecation, multiple claims of ownership.
Silver is driving the break up of the structure.
The CCP needs silver for production. England took vast quantities of silver from China in the opium wars.
China has a lot of rare earth minerals but not silver.
They are strip-mining the Uyghur's land in the N.W. of China.
Mexico, the silver coast, Chile, Peru all have extractable silver. Also some offshore of Greece.
A liquidity crisis in currencies and in monetary and industrial silver.
Creating a situation with silver where there is "none to be had".
Temporal markers from reports - pressuring coin dealers to sell silver for industrial and monetary production. Dealers won't have it.
Citizens bought up silver. The system will do whatever it can to get people to dishoard.
Then they will sell silver at discounted rates to the CCP to keep up the production of goods.
It could last 6-8 months.
When mines cannot meet demand - and new schemes to get silver from the populace = collapse of the dollar unfolding.
One of the steps helicopter money- every month, every week, escalates, bizarre.
Wooflation - not hyperinflation, deflation, stagflation = all wrapped together.
The citizens will decide what we will exchange among ourselves.
May include precious metals, cryptos, and paper money altogether.
People are choosing their own currency now.
Feb 24 big push on emotional tension.
Clif is already feeling tension from Yellen trying to bring things back to her reality where the dollar empire can keep going.
Dollar Empire owes a lot of people a lot of money.
Trump not part of the Dollar Empire.
Here now- Still fighting opium wars, China desperate for silver, Global pop pissed at the clowns who started dollar empire.
People know they have to do something as they see the dollar collapse. No one wants to save in dollars. Rather save in T.P.
What do people value, and what will they trade?
We are in the dollar collapse. Ancillary countries busting up, going the way of African countries.
Mexico, Peru will back with silver.
Silver Stonk is going on now.
As people understand that Yellen caused the drop in BTC, as it rebounds because they bought on the dip, will see the dollar and Yellen as weak.
They will invest more in what they think is strong.
Last line of defense, Gov will try to preserve the bonds.
When that fails, that's the end of the dollar.
We saw this with the Soviets, where their bonds collapsed. It broke up two months after that.
It will cause a nasty global depression.
It May not last that long.
Talk to people about the Woonomics tactics he talked about in a prior video.
People will make money in the coming time. It will be nominal, based in dollars. Will need to get wise.
Dollar not the best long term metric to measure wealth.
The U.S. will not be able to extend its will through force or dollars.
CCP will not step up as a global military force.
Effects within days of big hits to currency.
Colleges, universities, museums, anything with big endowments will start puking all over.
Biden and Wall st folks - literally throwing up in next weeks and months.
Hopefully will not be replaced by banker suicides. Hopes meme will just be puking.
First saw it in the Great Depression - went off gold, Fed Reserve.
Bribery based on printing dollars will go away. Other bribery will increase.
Secret info will come out as it did in Russia, but larger.
The people take down gov and reasserting rights by force of personal will.
Local groups have wealth, not dollars.
May have small groups that have silver may be able to take over local politics because they will be able to back wishes with value.
A radical reappraisal of things. When countries collapse, hard money counts.
Story NYC - brand new Rolls Royce 1930 car paid $25,000 - sold it in 1933 for a small stack of silver coins.
West Coast story - bellhop given a $20 gold piece tip in the 1920s. He held onto al through the Depression and gold confiscation and then bought the hotel.
Will dis-hoard things that were easy to get.
Inflation on things we need to sustain ourselves, food, etc.
We don't know what the true value of things are.
Hard money makes for hard politics.
If you can't pay for insider deals and you can't tax people.
Problems will extend through the Biden Administration.
Open warfare between the CCP, Wall St, Hollywood, or whoever.
BLM already discarded.
The next group to go will be the students. Biden cannot relieve student debt; it backs 2/3 of our money, would destroy bonds.
In year Woo - after this will not trade hard money for anything that does not have value.
Wooflation - hunt for real value things; what is it worth?
It will be desperate.
The sic-fi tech this summer will get us through in a way we could not get through in the Great Depression.
Deep State = Dollar Empire.
Discussions need to be sparked so we can figure out what to do as the system is breaking up around us.
We will need to remove the wealth from the system and put it to more productive use.
The rest of the globe will need to sort out themselves, their currencies.
Academia and Smithsonian are gatekeepers- they will be failing.
Will phones be made if the silver costs too much?
Decentralization and dislocation as states and local groups attempt to organize and solve problems.
CCP has allied themselves with the Uniparty ( Dem/Repub) since 1972 - they have their own issues as a direct result of the collapse of the dollar.
The Wooflation world will get a direct reward for solving problems - bigger problems equal bigger reward.
Will get to a true meritocracy. Won't be able to afford to care about being woke anymore.
We will not be able just to milk the system with a top-down control anymore.
It will get very ugly.
Will include points of redemption. June - Sept - large tech leaks to reinvigorate humanity and tech
It will coincide with gov big demand for silver.
There may only be some type of silver they care about - some isotope difference.
Summary: Wooflation - 2021-2-23