Situation Update, May 13, 2022 - CRYPTO CARNAGE, market mayhem leading speculators to SUICIDE
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All right, it's Friday the 13th.
Situation update.
Mike Adams here.
Yes, indeed.
Friday the 13th.
And how fitting, because today's update is packed with some of the most gnarly information that we've ever covered about the engineered collapse of human society and the markets.
And you're seeing the meltdown happening right now.
You're seeing America moving into a revolt type of scenario.
There's so much anger at Biden, you know, shipping pallets of infant formula to the border while American babies go hungry.
It's just it's just truly incredible.
But I want to play for you starting off here a 20 second, 28 second video that exemplifies every single oblivious mainstream person.
This is the reaction that they are about to experience.
And this is some streamer on Twitch who almost burned down her kitchen while doing a cooking stream.
And watch her reaction and just think about that this is everybody who's not informed.
And we're going to bleep out the profanity, but check this out.
out here we go I don't know what to do!
Help!
I don't know what to do, you guys!
Guys, I don't know what to do!
I mean, I'm sorry.
I don't mean to laugh at someone else's emergency, but I mean, at least she's being honest, just screaming, I don't know what to do.
I don't know what to do.
I don't know what to do.
It's all burning down.
I don't know what to do.
That's what people are going to be screaming in the stock market.
They're already screaming that in the crypto carnage market, by the way.
They're going to be screaming that when the food shelves are empty, right?
They're going to walk in the grocery store.
Help!
I don't know what to do.
You should have learned to grow some food.
It's what you should have done.
And in your kitchen, you should have, of course, you know I'm going to say this, a fire extinguisher.
That's right.
I am the fire extinguisher enforcer.
I am your fire inspector for the day.
And as you know, I love fire extinguishers.
I love to have them all over the place because...
Well, I mean, they put out fires, right?
And it's kind of a handy thing to have around.
But also, just the cluelessness of this girl is very informative, actually.
She's giving an incredible lesson that has nothing to do with cooking, but everything to do with just being informed.
Like, when your food's on fire, you have like an oil fire going – Don't put it under water.
I mean, don't just try to put it out with tap water because all you do is you spread the oil fire, don't you?
Yes.
Uh-huh.
That's how a lot of people burn down their kitchens and their homes and burn their hands and things like that.
But what's really funny is she didn't think that maybe to grab a lid for that pan and just pop the lid on that pan.
Boop!
No more oxygen.
Fire is over.
No, she's waving around the pan on fire.
Waving it around the kitchen and screaming, I don't know what to do, I don't know what to do.
Giving it more oxygen, by the way.
But again, you know, okay, so she's going to learn a very important lesson.
I imagine she will get a fire extinguisher after this.
Good for her.
She did not burn down her kitchen, so, you know, she's good.
Learned a lesson.
But for society as a whole, the oblivious masses have not learned anything, especially in the finance sector.
They haven't learned anything since 2008.
So they are going to burn the system down.
And the arson has already begun.
So we're going to talk about that today, the financial arson, the massive carnage, the crypto carnage that's taking place.
And let's, well, before we get into that, one more kind of clown world type of thing that I want to bring you, just to set the stage for all the humor that we're going to have today, all the fun.
So I found this story on climatedepot.com, which is a great site.
And they're quoting an article, a headline article from a publication called The Print.
And the headline is, quote, COVID and climate change push many older women into prostitution.
Okay, so this is the story that climate change is turning your grandma into a prostitute.
And I guess that means if Joy Behar ends her sex strike, she will always have a job.
Oh, I'm sorry.
That was totally uncalled for.
But over the years when I've read all the science headlines, you know, all the new published science studies, I've seen so much insanity in the realm of climate change on any given day.
It's like climate change caused, you know, all these birds to die.
Okay.
Okay.
Or climate change is moving this volcano.
Or climate change is breaking up marriages.
You start to see weird sociological studies that are all attributed to climate change.
But I've never heard a headline like this.
Climate change may push older women into prostitution.
I mean, what's the logic on that?
It's like, grannies sitting around getting too hot?
Just like, can't sit here on the porch anymore.
We gotta go recruit some paying jobs.
The climate's heating up.
We better go hook some jobs.
Oh no, the ice is melting at the North Pole.
Oh, makes me want to make some money horizontally.
I mean, where do they get this stuff?
How do they even pretend that this is science?
It's unbelievable.
But you know, if financial desperation leads to prostitution, you gotta wonder...
How many ex-Bitcoin hodlers are going to be prostitutes?
Coming real soon here.
Because, of course, crypto carnage is happening and it's accelerating and it's been pretty darn ugly.
In fact, here's a shocking story that John Perez sent my way.
Will El Salvador default on its debt because of Bitcoin?
The markets say yes.
You know how El Salvador was, I think, the first country or maybe the only country in the world to accept Bitcoin as its official currency or one of its official currencies, legal tender?
And this caused the default insurance companies, basically the banks that sell Bitcoin, Default credit swaps.
It basically bets on the risk of a country defaulting on the loans that it has taken out, you know, the dollar-denominated loans and so on.
Well, it turns out that the credit default swaps are indicating that El Salvador is going to default on its debt within the next five years.
Contract prices are up more than 360% since September from just over $400 to nearly $1,900.
And then Moody's, of course, has downgraded El Salvador's foreign debt due to Bitcoin trades.
So, you know, El Salvador maybe looked really genius and progressive when Bitcoin was going up, up, up.
You know, the upside of a bubble makes everybody look really smart.
Like, we're all making money.
We must be geniuses.
No, you're like monkeys throwing darts at a dartboard.
Everybody wins no matter where you hit because it's a bubble.
You're on the upside of a bubble.
The bubble turns against you, then all of a sudden everybody looks like an idiot.
And right now El Salvador is looking kind of like an idiot because now they're having to pay a whole lot more for basically for insurance on whether or not they will default because Bitcoin is cratering.
Can you imagine if betting on Bitcoin ends up taking out If El Salvador declares default on the ability to pay foreign debts just because of Bitcoin, because of Bitcoin crash, that's not going to be a good thing for Bitcoin, but that's why El Salvador has a new nickname.
It's called El Hodlador, which makes sense to people who understand the term hodlers or hodling, which, if you're not familiar with that, it means holding Bitcoin.
But it was a typo.
They flipped the D and the L. It's supposed to be, you know, you should hold, but they said hodl.
And then it caught on that hodling means holding on and never selling.
And this kind of underscores the whole philosophy of what has been behind a lot of the crypto, which is that, hey, if everybody just buys and hodls and never sells, then everybody will be rich.
We'll all make money.
We'll all go out forever and ever.
Which, of course, means it's just kind of a mutual game without any real wealth in the real world.
Because unless you can sell it for something that's real or trade it for something that's real, which means redeeming it or cashing it in, then it's not really worth anything in the real world.
Because you can have all kinds of money in a massively multiplayer online role-playing game.
You know, your bag of gold coins with your character, your Paladin character.
He's got all kinds of gold, but in the real world, that's not real.
That's kind of what Bitcoin is increasingly turning out to be.
All kinds of margin calls being triggered right now by the collapse of crypto prices.
And there's more.
We're going to get into some of the Terra stablecoin stuff, but I want to cover something else first, actually.
And this is infuriating the American people.
So not only is the Biden administration sending pallets of infant formula to the border to make sure that the babies of illegal immigrants have food while America's babies are going hungry because the shelves are empty across America.
Not only is that happening, but headline from the Epoch Times, Biden admin cancels major oil and gas lease sales amid soaring gas prices.
So basically, here we go.
The Biden administration has canceled sales of three major offshore oil leases in the Gulf of Mexico and off the coast of Alaska, blocking the opportunity to drill for oil in over 1 million acres amid soaring gas prices in the United States.
The Interior Department said, I'm not going to move forward.
Basically, nobody can drill.
And yet, gas prices are, of course, going totally insane, $4.50 a gallon average for gas, something like that.
And diesel is $5.60, something in that range, and climbing and climbing and climbing every day.
And we're also facing diesel rationing, real diesel scarcity and shortages coming up here in the next couple of months, as we've talked about yesterday and the day before.
So, How does anybody look at this and not conclude that, yeah, Biden's trying to destroy America?
Like, Biden is just trying to punish American moms to make their babies starve.
To shut down the economy, to crush the food supply, crush the pipelines.
It's a killing of America, and it's deliberate, and of course people are noticing.
So Republican Congresswoman Kat Kamak said, And, yes, she's a real congresswoman.
I had to look that up because it sounded like somebody was tricking me.
I was like, really?
There's a congresswoman named Kat?
It's true.
And she's a Republican.
She said, quote, Biden is sending pallets of baby formula to the border.
Meanwhile, store shelves across America are empty and moms are being told they don't know when more is coming in.
Welcome to Biden's America, where American moms and dads are last.
What is infuriating to me is that this is another example of an America last agenda.
And I'm thinking, man, maybe Kat listens to this podcast because that sounds like exactly what I would say, too.
Or maybe we just totally agree.
But she's got it right.
She's absolutely got it right.
Biden seems to be going out of his way to punish Americans and to punish American infants and punish American moms.
And remember, the infants that they're trying to starve with the lack of infant formula, these are the infants that survived the Democrats' abortion mills and abortion factories, all You know, just to be a living infant in America today, you're pretty lucky.
You made it through just all the satanic murder and organ harvesting of the Planned Parenthood abortion factories and FDA looking for organs for vaccine research and everything else.
Just to make it through that and still be alive is quite an achievement.
And so Babylon Bee really nailed this one.
They put out a photo today with a little baby, a little toddler dressed up in camo with face paint, screaming like a little baby Rambo.
And the headline is, quote, That is comedy perfection on the part of Babylon Bee.
Good job, folks, who came up with that.
Yeah, you nailed it, because what do you got to do to get help from the federal government?
Not that that should even be our thing.
We should have no federal government, essentially.
We should be helping ourselves, each other, at the local level.
We should be more self-reliant.
We should be breastfeeding our babies, frankly.
I mean, not the men, obviously.
That's not what I meant by we.
I mean the women.
And if you're breastfeeding babies and you're a man, then there's something wrong with you.
Okay, we're not going to go there right now.
We don't have time for that distraction.
But it's like, what do you have to do to get help from the federal government?
Well, you have to be Ukrainian, I guess, or you have to be an illegal immigrant.
And if you're illegal, then you get all kinds of benefits.
You get to drive around America without any auto insurance.
You never get tickets for speeding or causing accidents that never write you up.
It's just an unwritten rule.
They just let you go.
We see it all the time in Texas.
And you get to vote.
Even though you're not a citizen, you don't have to pay any taxes, but you get all these benefits if you're in places like California, free health care, free schooling, free food stamps, free phones, and just all kinds of stuff.
But the American people are just told to stuff it.
If you're an American taxpayer, you know, the person who actually pays for all this, Biden says, screw you and screw your kids and screw your future.
You have no future.
You're just, you know, fodder.
Meanwhile, Breitbart reports, grocery store prices are up the most in nearly 42 years as Americans face higher prices on hamburger meat, baby food, chicken, bacon, soup, and coffee.
And that's just breakfast for the typical American right there.
Blend all that together.
I like your bacon, coffee, chicken-flavored soup burger patty and call it a day.
But yeah, food prices are going insane and wait till the scarcity kicks in.
That's when people are going to lose their mind like that woman in the first video that we played.
Oh my God, I don't know what to do.
I don't know what to do.
I don't know what to do.
Yeah, because you need to study how to be a prepper, right?
You need to be ready for these things.
You need to think about these things in advance.
It begs the question, how can people be watching these prices go up month after month after month?
And then they're looking at that and they're scratching their heads.
And the average oblivious sheeple American is asking themselves, huh, I wonder, could that be, like, is that a pattern?
No, that couldn't be a pattern.
No, we'll just keep...
Doing what we're doing and hope that it comes back down.
And then it goes up again and up again and up again.
And like, huh, there seems to be a message in here somewhere, but I can't quite put my finger on it.
What could this mean?
Something is trying to tell me something, but we can't quite see it.
So the weight and the prices go up month after month after month.
And then a year in and like the prices have already doubled or more.
And they're like, huh.
I wonder if maybe this means that prices will keep going up, because it seems like this is a trend.
But that's only the high IQ people who will figure that.
I mean, the oblivious masses will never even have that thought.
They'll just say, huh, sure is expensive.
Shucks, you know, and that's it.
Like, dang.
Okay, we've got to buy some donuts.
Dang, donuts are more expensive.
So dang.
And those are the only thoughts that go in and out of their heads, you know?
But you get intelligent people, and they look at this and they're like, huh, let's project this out for 12 months or 24 months or 5 years.
Where do we all end up in, let's say, just 2024 if these trends continue?
And if you draw the line, if you do the math and plot the chart and draw the line, and you're like, uh-oh, what?
Oh, this is not going to be good.
Oh my God.
Who's going to be able to afford food?
Right.
Who's going to be able to afford food?
I saw a stat.
I didn't write it down, so it might not be accurate, but it's something like 40% of the American people are living paycheck to paycheck.
Something in that range.
40%.
Let's just call it half.
Just for simplicity's sake, let's say half of the American workers are living paycheck to paycheck.
Well, what that means is they have no buffer.
They have no extra money set aside.
And frankly, if they lose one paycheck, they are in a crisis, a major crisis.
And we all know people like this, or we've encountered people like this.
And Sometimes we might employ people like this, right, if we have a small business or something.
And, you know, there's quite a number of workers, and that's the way they live.
It's paycheck to paycheck.
They lose one paycheck.
It is a major emergency.
And yet they always make bad financial decisions, very bad decisions.
They'll overpay for things, right?
They'll pay too much on credit card debt or they'll do like payday loans and they'll cash their checks at these places and then lose like 3% or something.
They make the worst decisions over and over again.
It just sort of reinforces the poverty that they're living in, even when they're working and thinking maybe they could get ahead, but their decisions don't really support that.
Remember in that video when I went and shopped at the dollar store not too long ago?
And I found that you can buy a little bottle of ibuprofen for $1.25.
And in the bottle, yeah, it's a bottle of ibuprofen.
But in the bottle, I think there were only six capsules.
And so, you know, it was almost like 20 cents a capsule, 20 cents a dose or something.
Well, if you go online and you buy, I don't know, a thousand doses of ibuprofen in a bottle, because I don't know, maybe you love to take ibuprofen, maybe you're really achy and you need this stuff all the time, you can get it for like four cents a dose or five cents a dose or something in that range.
And yet, a lot of people never really think about that.
They just buy what seems cheaper in the moment.
Oh, this bottle's only $1.25.
I'll get that.
But they actually overpaid by 500%.
Because they just fail to do math.
These are the same people, it turns out, who when they get a little bit of money, they store it in a savings account in dollars, not realizing that the dollars are losing value every single day at a rapid rate right now.
And what they should be buying is gold and silver.
Because you pick almost any point in American history.
If you had bought gold and silver instead of buying, let's say, government savings bonds, you'd be way ahead by many, many multiples.
And if El Salvador had, let's say, declared gold or silver to be a national currency or legal tender, they'd be in great shape right now instead of declaring Bitcoin to be a legal tender.
Bitcoin's crashed now.
Gold and silver, yeah, they've come down just a little bit.
Nothing like crypto has come down.
Nothing like even the way Wall Street has come down.
Gold and silver have intrinsic value and they always will.
So you know what?
Let's just jump right into the crypto carnage here.
But let me give you a URL on Brighteon because David Wilcock has posted a new video on Brighteon that many people are finding very interesting.
And it's called The U.S. Military Pushing for Full Disclosure.
And he's talking about UFOs, you know, extraterrestrials and all this kind of stuff, exotic technology.
So, if you go to brighttown.com slash David Wilcock, W-I-L-C-O-C-K, not Wilcox with an X, but C-O-C-K, Wilcock, then you'll be able to see that video and check it out.
It's over two hours.
He produced it actually for an event.
And then after the event took place, he agreed to post this over on Brighteon.
And it's fascinating.
Now, I know not everybody agrees with the whole idea of UFOs or disclosure or exotic military technology or what have you.
But...
So what if not everybody agrees?
I mean, we have to consider all the possibilities of what's happening because we are not living in Kansas anymore.
That's the line from Wizard of Oz.
You're not in Kansas anymore, Dorothy.
This is something totally different.
And there are weird things happening.
Weird things with the vaccines.
Exotic technology.
Weird things with 5G. External control over people's emotions.
Seems to be like vaccine-induced lobotomies taking place.
The U.S. military has acknowledged the existence of several UFOs over the last few years.
And then just the other day, two days ago, this crazy sky over...
What city was it?
Was it Shanghai in China?
Turned blood red.
Like glowing red.
The whole sky was red.
Like someone turned on a giant heavenly red light bulb above the city.
And it freaked people out.
They thought it was the end times.
Or they thought it was, well...
Most people in China aren't Christian.
Some are, but most aren't.
They thought it signified blood and death.
They thought it was the end of the world.
Well, what if that's some kind of a weapon system being deployed or tested?
I have a feeling we're going to see some exotic weapons come out and play, shall we say?
Weapons that nations have been holding back.
I have a feeling Russia's been holding back some weapons because Russia Remember how Russia...
I don't know if you recall, this was a couple years ago.
There was a...
There was a crash test.
It was a crash of a hypersonic missile that was powered with nuclear power.
So instead of the hypersonic missile being powered by normal ramjet type of technology of fossil fuels, burning kerosene or solid rocket motors or things like that, you know, basically chemical propulsion, instead of that, it was nuclear-powered propulsion, which always, for me, it always was...
I'm perplexing because nuclear energy is kind of a slow energy.
You're running a nuclear power plant And those control rods are lifted a little bit and the fuel gets closer together, the fuel rods, and then it's a slow heating of the water.
And then the water boils and it drives the turbines and then the turbines generate electricity, you know, because you're turning water into steam and then you have the pressure that drives the turbines and so on.
But nuclear power...
In typical formats, we're not talking about nuclear detonation, we're not talking about hot fusion, anything like that.
We're just talking about traditional nuclear power.
It's a slow energy source.
And it does power submarines, but I've never heard of anybody being able to miniaturize it and put it into a hypersonic vehicle, a hypersonic missile, and then power that sucker at Mach 20, which is what Russia is now capable of.
But apparently that's what they've been able to do.
That's some exotic, crazy new technology that, frankly, we haven't seen on the battlefield yet, but we may be seeing that soon.
There's a lot of stuff out there that is not yet acknowledged.
A lot of secrets have been kept that are about to be revealed.
And whether you agree or disagree with David Wilcock, his talks are very intriguing because they open your mind to a world of possibilities of what might be or what might be about to be exposed or uncovered.
Maybe humanity has been sitting on a lot of secrets and even a lot of technologies, and perhaps some of those technologies are going to be part of the new golden age for humanity.
You know I've covered the existence of free energy, low energy nuclear reactions, so-called cold fusion.
I know that exists, but that can't power rockets and cruise missiles and things like that.
So Russia's got their hands on something else, something very like a quantum leap above anything that the United States has.
I have a feeling we're going to see it soon.
Anyway, let's move back to crypto carnage because some things happening that you need to know about.
Oh, wait, one more thing.
The IRS... You're not going to believe this.
This is great.
The IRS just destroyed 30 million tax returns that people had mailed in that the IRS never even opened.
So the headline from CNBC is the following, quote, tax professionals horrified by IRS decision to destroy data on 30 million filers.
Well, okay, to destroy data?
No, no, no.
They dumped the mail.
Okay, the IRS destroyed data for an estimated 30 million filers in March of 2021, according to the Treasury Inspector General for Tax Administration.
The decision, prompted by a backlog of paper filings, has sparked anger in the tax community.
Quote, it just further damages the IRS reputation in the business community and in the public, said Larry Harris.
At Parsec Financial.
So this audit was done, you know, by the IRS, by the Treasury itself.
So if you're wondering what was actually destroyed, it was the paper-filed information returns...
That's sent yearly by employers and financial institutions covers taxable activities such as W-2 forms with copies sent to taxpayers and the IRS. So the IRS has such a backlog of these paper documents that they're supposed to keep track of that I'm told by someone who used to work at the IRS,
someone who still interacts with the IRS, And I'm not going to say which office, but someone with direct knowledge, they have told me that in IRS buildings, there are entire floors that are nothing but unopened mail.
That they've ripped out the cubicles, the desks, the chairs, everything.
This really started happening in a bad way during COVID, I'm told, because a lot of the IRS workers just left the office and went home and they collected paychecks by just claiming that they might be symptomatic.
Yeah, this was one of the things that the federal government allowed IRS workers to do.
And so you can just work from home.
And so the IRS worker's like, that's awesome because we don't even work at the office.
Now we can go home and not work and still get paid the same.
Seriously, at the IRS, only about 1 in 20 people actually does anything.
The other 19 out of 20 IRS workers and...
They would tell you the same thing.
The other 19 out of 20, all they do is collect a beefy government salary and benefits for sitting around pretending to work.
They don't actually do anything.
They're not interested in doing anything.
So during COVID, they were offered the opportunity to stay home and do not work from home and still get paid the same amount.
So that's what they did.
And so all this mail just kept getting backlogged and just dropped in.
I mean, The U.S. mail trucks would just pull up with loads of mail, bags and bags.
They just get dumped.
And basically these buildings, the IRS buildings now completely violate fire code.
You know, talk about needing fire extinguishers.
And it got so bad that the IRS decided, we're just going to have to landfill all these documents.
Like literally, they don't have the people to open them.
So they just took tens of millions of these documents and they just put them in a landfill.
I mean, maybe they shred them first, but I mean, they're trash.
They're gone.
And this is the IRS right now.
They're still opening mail from two years ago, and that's if they haven't just chucked it in a dumpster somewhere.
The IRS, did you know this?
They're paying billions of dollars in interest to Americans because the IRS is late with the tax refunds by years.
So the IRS is paying billions of dollars a year in interest to Americans.
It's incredible.
Because they can't even get to the tax returns.
And if you don't believe me, by the way, try to call the IRS. I dare you.
Try to call the IRS with a tax question.
You will be on hold for like 127 hours.
And then you'll be automatically disconnected.
Because the first time someone answers the phone, you know, you'll probably cuss at them like, Oh my God, I've been holding for bleep hours, you know.
And then they'll say, oh, we don't have to listen to you.
Click.
They're like, oh my God, that was a week.
That's what it's like to try to call the IRS right now.
I mean, it is hopeless.
And by the way, these are all signs of the total collapse of this empire.
The United States of America is a collapsing empire.
It's almost over.
This is it.
We are watching the final stage, the final blowout stage.
And even the IRS cannot function.
The government cannot function.
The banks can barely function.
Think about what actually functions.
Almost nothing functions.
You know this if you've tried to get a repair person to come over, fix your air conditioning.
There's no parts.
They're stuck on a boat in China.
Try to get an electrician to install something in a new building.
Good luck with that.
Try to get anybody to show up and do anything, especially if it's from the government.
You know, in Texas, if you want to go to the DMV and do something with your driver's license, you got to make an appointment.
It's three months out.
Three months out!
All right, but getting back to crypto, this is wild.
So Coindesk, which is a publication in the crypto space, they doxed the founder of Terra Stablecoin.
This guy with a Korean name.
I'm not...
I don't know.
Here it is.
Like Do Kwon, I guess.
Is that...
No, that's more like a Hong Kong name.
Like a Cantonese type of name.
Anyway, stablecoin founder for Terra.
Turns out he's the same guy behind something that failed called Basis Cash.
That was an experiment that crashed and burned, and yet this is huge that this pro-crypto magazine is doxing the founder of a crypto stablecoin, and they're doing it because he's causing so much carnage across the crypto ecosystem right now.
He's being called the Elizabeth Holmes of crypto.
Boy, that hurts, man, to be called Elizabeth Holmes.
You remember her, right?
She was the founder of, what was it called?
Like Prometheus or something?
Remember the company that claimed they were going to have this device in your home and take a drop of your blood and run all these tests?
On your blood, like 100 different tests will all be done automatically in this machine, and she brought in all these top globalists and everything, and it turned out to be, according to many, a total scam, just a big Ponzi investment scheme.
The whole thing collapsed, even though she was hailed as a genius, especially because...
A lot of the magazines like to hold her up as the female business genius, smarter than all the men.
There was a lot of feminism in that time.
That was before the transgenderism took over.
Now it would be a pregnant man emoji on the cover of Fortune magazine.
Pregnant man business genius or something.
But back then it was Elizabeth Holmes.
And Elizabeth Holmes, according to many, scammed the whole world.
Oh, here it is.
The name of the company is Theranos.
Yeah, I should have remembered that.
Theranos.
Yeah, Elizabeth Holmes was the woman who wanted to be like Steve Jobs and she always wore a black turtleneck all the time.
All the time and she was convicted of fraud.
Anyway...
That's crazy.
Crazy times.
But now this Terra stablecoin crashed and burned quite catastrophically.
And it's supposed to be a stablecoin that was tied to the dollar, but it traded as low as, I don't know, 26 cents on the dollar.
And then there's this sister token coin called Luna that was tied to it, and it was supposed to use this algorithm.
without having any actual reserves to say, oh, it's not backed by reserves.
It's backed by an algorithm, which is just making it up.
It's just BS.
Oh, it's backed by an algorithm.
It doesn't even mean anything.
It's like if the IRS sends you a bill and you reply to them and say, oh, I'm paying you in an algorithm here.
And you just have a page full of math.
There, I paid you in the algorithm.
It doesn't mean anything to say that.
People just use words and pretend that they mean something.
Oh, it's backed by an algorithm.
It doesn't mean anything.
So, of course, the Luna coin cratered and went to zero, basically.
Well, one cent, down from $120 to one cent.
And then yesterday, the Luna Coin blockchain was halted.
The blockchain was halted.
Yeah, that means it's done.
You can't buy and sell.
There's no distributed nothing.
It's just gone.
And the spillover effects of all this have been rather catastrophic.
This is from Zero Hedge.
Richard Usher, the head of BCB Group, told Reuters that these moves are, quote, reminiscent of the bank runs during the 2008 financial crisis.
The collapse of the peg in TerraUSD has had some nasty and predictable spillovers.
We have seen broad liquidation in Bitcoin, Ethereum, and most altcoins, he said.
I mean, gosh, it's so bad.
It might possibly drive Grandma Joy Behar to prostitution.
It's that bad.
It really is.
And then Ipek Oskardeskaya, that sounds Japanese, a senior analyst at Swiss Quote Bank, The Terra incident is causing an industry-based panic, as Terra is the world's third biggest stablecoin, or it used to be, and it couldn't hold its promise to maintain a stable value in terms of U.S. dollars.
And so there was a pretty good overview of this, also another article in Zero Hedge, and I actually agree with this overview because I think this all started with the Fed raising interest rates.
So let me just read from some of this for you.
Quote, the mother of all collapses is coming.
The Fed claims it can tackle inflation without triggering a crisis.
Good luck with that.
The Fed triggered a crisis with the tech bubble and the housing bubble, and neither of those are remotely comparable to this last bubble.
This is the everything bubble.
The bubble in every major asset class, stocks, housing, corporate debt, municipal debt, etc.
Some of the more egregious signs of froth and financial excess are, boom, options trading volume was exponentially higher than it was during the tech bubble, where everyone on the planet now knows was an insane bubble.
Next point, cryptocurrencies that were invented as jokes like Dogecoin were being valued at tens of billions of dollars.
Tesla, which sold 300,000 cars in 2020, was worth more than the value of every other auto manufacturer on the planet combined.
That's pretty insane.
People were selling non-fungible tokens, NFTs, of farts, toilet paper, New York Times articles, and more.
And I talked about NFTs and what a stupid idea that was the other day.
I think we should actually roll out our own version of NFTs, just call them WTFs.
And it's like, hey, would you like to buy some WTFs?
This WTF is only a million dollars.
Yeah, it's a digital copy of Of a libs of TikTok video where when you watch it, you go, WTF? Like, it's only a million dollars.
Would you like to buy one?
That's right.
It will be, in fact, protected on the blockchain.
So it's worth millions, obviously, because I said the word blockchain.
Okay, next item.
And meme stocks or stocks that were traded for humorous purposes were doing this.
And it shows a chart of the stocks going totally insane in terms of upward price.
And then former President Trump's special purpose acquisition company, the SPAC, rose to a value of $5 billion despite having no business or operations.
Yeah, that one's got me scratching my head, too.
It's like, still waiting for that truth social to be rolled out to all the platforms, and it's worth $5 billion?
How is it worth $5 billion?
It doesn't even really function, except on, I think, iPhones, and that's it.
It's like, well, not really worth $5 billion, but valuations are totally insane these days.
So here's what I think is actually happening.
So first, the Fed raised rates by 0.5%.
That happened recently.
Then the higher rates caused stocks to start to plunge because higher rates increased the cost of money, which meant that people couldn't leverage as much.
So they started to wind back in their leverage, which meant selling some of the stocks that they were leveraged on.
So the stock market plunges.
And then a lot of margin calls start getting triggered.
And in order to meet the margin calls, a lot of people who own stocks had to sell crypto.
So they started selling off crypto to make their stock margin calls.
So then crypto starts to plunge.
And then crypto margin calls start to kick in, especially Bitcoin, right around the $30,000 level.
That's where there's a lot of margin calls kicking in.
And then it went below $30,000, went down to $25,000 something, a little under $26,000.
That triggered even more And now it's in a death spiral situation until a whole lot of deadwood is cleared out of this system.
I was joking with Marjorie Wildcraft a few hours ago.
I was interviewing her in the studio.
And I said, yeah, here's the joke.
How do you become a crypto millionaire overnight?
And she says, I don't know.
The answer?
You start out the day before as a crypto billionaire.
Get it?
Yeah.
So MSN is even reporting crypto billionaires' vast fortunes are being destroyed in mere weeks.
And then John Perez texted me a chart that USDT, that's the Terra dollar, flash crashed by 99% and then recovered.
The trading of that, oh, I'm sorry, that wasn't Terra, that's Tether, USDT, Tether stablecoin, flash crashed 99%.
The trading on Tether makes up 79% of Bitcoin volume.
And then CNBC reporting cryptocurrency Luna now almost worthless after UST falls below the dollar peg.
Now, there's a pretty good analysis on this.
It was authored by Isabella Kaminska at a website called The Blind Spot.
And she writes the following, which I think is a very good description.
If you're wondering, what is Terra?
What is this stablecoin?
What is this thing backed by an algorithm that you're talking about?
Well, Let me read you two paragraphs from Isabella Kaminska.
And let's see what she says.
Terra was different in that it was allegedly backed by an algorithm.
But this, of course, was always pure marketing.
It wasn't really backed by an algo.
It was backed by an arbitrage, which emulated a perpetual value creation motion machine.
The problem is that Perpetual Motion Machine was illusory and entirely dependent on constant liquidity in Terra and its value-skimming counterpart Luna.
Okay, have I lost you yet?
Because it does get complex.
No, I find it complex, too.
It's like they came up with a really, really clever Ponzi scheme, basically, is what we're looking at here.
Very clever way to take people's money and give them nothing in return.
It's like, here, you know, you give me a million dollars, and I'm going to give you this.
You're like, what is that?
Well, this is some advanced mathematics you won't understand.
But if I were to explain it to you, it's an algorithm, and it's a self-balancing algorithm involving a token, involving some arbitrage in the automatic balancing systems.
Believe me, it's high-level math.
You won't understand it.
Like, that's basically the way...
That the Terra stablecoin operates is like the people using it have no clue how it works.
So continuing, Isabella, she says, being dependent on liquidity, however, is also just a euphemism for being dependent on there always being as many people in the market wanting to buy your asset as there are wanting to sell it.
Aha!
And that doesn't work in a crash, does it?
Because in a crash, a whole lot of people want to sell, not very many want to buy.
So she writes, liquidity disappears when there is a big imbalance either way.
Yes, this is the problem.
A crash of liquidity, a freeze, you can't get in or out.
She writes, this is a known, known risk.
And what she means by that is that this is a known risk that is also Like, we know that we know this risk.
This is not an unknown risk, or not even a known unknown.
This is a known known risk.
The fact that anyone could have been dumb enough to think that you can algorithmically control for it speaks volumes about the naivete underlying the stablecoin market.
Boom!
Mic drop.
There you go.
Isabella nails it.
She nails it.
It's like, basically she's saying, how could you have been so stupid to think that this was going to work?
This magical Ponzi scheme, stablecoin scheme.
How could you believe this?
And the answer is, most people never even thought about it.
You know how most people decide what crypto to buy?
They just hear about it.
Friends are like, oh man, this is so awesome.
Yeah, this thing.
Actually, I did a better voice on this before.
It's like, Oh yeah, boys!
This one's gonna go to the moon!
Yeah, it's called Luna!
It's gotta go to the moon with a name like that!
Yeah!
And it's just this stupid hype!
Just completely lacking any kind of rationality or any due diligence whatsoever.
People just decide what to buy because they heard about it.
I heard about DoggyCoin.
So many people talking about DoggyCoin.
And it's like, no, it's pronounced DogeCoin.
Oh, I heard it was Doggy.
It doesn't matter.
Doggy's really popular.
I'm going to buy DoggyCoin because I heard that's going up.
I'm just going to buy into that.
It's like, do you even know the origins or who's behind it or how it works?
No, it doesn't matter.
As long as it's popular, it's going to be really successful on doggy coin.
Is there going to be a kitty coin too?
I want a kitty coin.
The kitty coin is purring.
Right?
It's like, oh, it's got sound effects.
It must be a really good coin.
So there's one Terra Luna coin investor who was covered by The Sun in the UK, lost 400,000 pounds, British pounds.
That's not weight loss, that's money loss.
I'm a Terra Luna investor, the article goes.
I've lost my entire 400-pound life savings after cryptocurrency crashed 98% overnight.
Investors in a crash cryptocurrency have told how they've lost fortunes and fear homelessness after its value plummeted.
Terra Luna, which was among the top 10 most valuable cryptocurrencies in the world, slumped below $1 on Wednesday, having peaked close to $120 only last month.
Yeah, now it went to a penny, by the way, and then they just shut it down.
Incredibly, the dramatic collapse occurred in the space of just 24 hours.
With its market cap spiraling from above $40 billion to just $500 million.
The shock crash sparked holders of Lunaterra to flood the discussion site Reddit to tell of the financial nightmare and ruin that they were now staring down the barrel of.
One user claimed to have lost over $450,000 in an extraordinary confession, grimly adding that they cannot pay the bank.
Quote, I will lose my home soon.
I'll be homeless.
They admitted on the subreddit.
And then there's this.
Also on Reddit, quote, Dear Community Fans, my friend and ex-colleague, my manager for 15 years, tried to commit suicide this morning.
He basically moved all of his savings to crypto in 2021, and Luna was a massive player in his portfolio.
Just want to tell you guys, if you feel pain and you think your life is miserable without money, you feel failure and stuff, just come to people you love and Do not be alone.
This bleep is getting serious.
Do not overestimate the value of money.
Life has a much higher value.
And he goes on.
So, let's back up.
So, this is talking about a guy who moves everything into crypto.
And then apparently most of that into one token called Luna, probably because he just heard people talking about it.
Probably didn't do much research.
Very few people do.
And then, so he had all his eggs in one basket, and that basket turned out to be a fraud.
And it cratered.
And he lost everything.
Probably going to be homeless, you know, losing the house, everything else, and try to kill himself.
Because it's over.
Everything they ever worked for is gone.
Well, what's, I mean, the most basic rule of investing is to understand the risk.
Don't just look at the upside.
Also look at the possible downside.
And this is something that I've shared with you, and I'm so glad that all of you listening to my podcast, that you did not get hammered in these crypto losses because you've known for a long time, as I've shared here many times, do not speculate in crypto.
Because crypto, you can be wiped out overnight, as is happening to people.
And I've always said, crypto is not a store of value, and crypto is not digital gold.
Even though a lot of hypesters claim that Bitcoin was digital gold, obviously it's not true.
Because if you had bought gold and silver, you would still have the same number of ounces of gold and silver.
In fact, I have a little stack of silver here on my desk.
What is this?
I don't know why I even have this here.
This is like eight coins.
Hear that?
The sound of silver.
I just forgot to put it away.
Every day that I come in here and get to work, if I look at this silver, it has not vanished.
It's all still there.
It's all there.
Why is that?
Because it's real.
Because it's not in the digital space.
It's not an abstract.
It's not on a blockchain.
It's on my desk.
It's not in the cloud.
It's on my desk.
It's real.
And if anybody wants to take it, they're going to have to dodge bullets.
You know what I mean?
They're going to have to go through some risk to come get this silver.
Not going to be able to just take it sitting from your remote chair in your basement somewhere halfway across the world running a crypto scam.
You know what I mean?
So people have forgotten about risk, and this always happens during financial bubbles, whether it's the stock market bubble or the dot-com bubble 20 years ago, or the housing bubble back in 2008-2007 time frame.
Or now, of course, the crypto bubble.
In every bubble, people always forget there's a downside.
And so they leverage.
They leverage forward.
They get too much margin.
They get too extended.
They're buying 10 to 1, 50 to 1, 100 to 1, and everything looks great on the upside until the market peaks.
And then the downside happens, and it hurts badly.
It moves against you just a little bit, but because of your leverage, you get hurt hard.
You get wiped out.
Sometimes you can get beyond wiped out to the point where you not only lost everything, but now you owe somebody half a million dollars because that's the margin call.
Now you've got to come up with half a million dollars, and you don't have it.
You were over-leveraged.
Now they can come after you with criminal charges, right?
Read the fine print on some of these exchanges.
You are liable.
Well, at least civil charges in some cases, depending on if you misrepresented your income and things like that.
It could be criminal charges, but it's bad either way.
But I've seen crypto vanish.
Just like this Luna coin.
I've seen it vanish overnight.
I've seen Bitcoin vanish.
Drop 70% in one day.
You know, I've seen banks go under like Bear Stearns in the subprime mortgage collapse.
I've seen dot-com companies vanish.
I've never seen an ounce of gold or silver vanish.
Never seen it happen because it has never happened.
Except maybe, okay, in an exploding star.
Yes, you can have atomic elements that are transmuted into other elements through star explosions, basically fusion or fission or some combination of that that's going on, which is what's happening in exploding stars.
But barring that, I've never seen gold or silver vanish because it hasn't happened.
So the big picture in all of this is to, well, if you don't want to lose your assets, have your assets in things that hold value.
And you know I've said this a thousand times.
What is it?
It's gold and silver and land and ammunition and diesel fuel and things like that.
It's things that are real, basically commodities.
And I will go ahead and throw in here our gold and silver sponsor for Brighteon is Treasure Island Precious Coins Company, right?
I've mentioned them many times.
Very reliable.
People are very happy with the prices, the service, the deliverability of physical gold and silver.
All the packages are insured and they can help you with silver IRAs as well so you can get your IRA money out of the stock market and into physical silver where the silver won't vanish.
So, You can reach them at brighteonmetals.com or just go to metalswithmike.com.
That's the Treasure Island Precious Metals Coin and Metals Company.
They do coins and also bulk metals as well.
You can get 100-ounce silver bars from them if you want such things.
But you know, if all these crypto people had just bought gold and silver, they would be far better off and they could sleep at night and they wouldn't be suicidal right now.
Think about it.
Gold is kind of the anti-suicide remedy.
When you have gold or silver sitting, I guess in my case on my desk here, or in your safe or wherever, or buried out in the yard in a secret treasure map location, you are able to sleep Because you can turn on CNBC or check out the website if you want.
Well, the markets are up.
The markets are down.
It's carnage.
It's suicide.
And you're like, doesn't change the silver I have, does it?
Doesn't change it a bit.
It allows you to sleep.
This is called asset preservation.
And the winners in what's about to happen, the winners are going to be those who don't lose everything.
And that's going to be very hard to achieve for most people because they're in dollars, they're going to lose the dollars.
They're in stocks, going to lose.
They're in crypto, losing big time.
They're in NFTs.
Are you kidding?
I mean, Madonna just released an NFT of her vagina giving birth to flowers and things.
That's an NFT. That's something you can buy, I guess, if you want Madonna's vagina with flowers.
It's like, this is truly peak insanity.
But if you want to store your assets and actually be a survivor through all of the collapse that's happening now, it's the things I've said.
It's gold and silver and so on.
And if you're sitting on real estate right now, you probably know real estate's going to have a major correction But it doesn't mean that you should sell it now and just cash in now, because what are you going to do if you sell it and collect dollars?
What are you going to do with the dollars?
It's better to have land and a house that you own free and clear, whether it goes up or down.
If you own it free and clear, you got a roof over your head.
You wake up, the roof is still there.
The walls are still there.
The land is still there.
That is real value.
And that's what our world has gotten away from.
They've forgotten what is real value.
Russia hasn't forgotten.
That's why Russia's in gold.
You can buy energy with gold.
They're supporting the ruble with commodities.
Russia is in the reality business.
Selling commodities, selling fertilizers, selling natural gas, these are all real things.
Whereas America is in the delusion business, selling NFTs of Madonna's vagina, or the financialization of the stock market's derivatives, and all of these insane financial instruments that have no attachment to reality.
What were they doing during the subprime market?
We all need to go back and watch the movie called The Big Short.
One of my favorite movies of all time, The Big Short.
And what do they call them?
The tranches of repackaged mortgage debt and credit default swaps.
It's CDSs and then synthetic CDSs.
Synthetic CDSs were CDSs that were sliced up and repackaged into other second-level CDSs, which were synthetic CDSs.
It just went on and on.
It was like, what?
People are crazy!
And they are crazy, and they're going to crash the whole system, by the way.
And you're watching it happen.
The whole dang thing is coming down.
And this is the beginning stage of it.
Now, by the way, I do think that at some point here, the Fed is going to panic and the Fed is going to reverse what it's doing now and they're going to lower interest rates and they're going to push a lot more stimulus money and they're going to increase the Fed balance sheets by purchasing assets like crazy.
In other words, the Fed is going to step in and start buying stocks.
The Fed is going to lower interest rates.
The Fed is going to print more money, push it into the system because there's already been too much carnage just from raising the rates by 0.5%.
It is already causing a near crash of the whole system.
So remember how they said they were going to raise rates multiple times this year?
And we thought, well, they might raise rates maybe a total of 2% this calendar year.
Now, I don't think that's going to happen.
I think they're going to reverse their strategy real soon.
Which means, by the way, that that's the Fed choosing hyperinflation instead of collapse.
And so we're going to have probably one more big phase of hyperinflation.
Which also means, by the way, and this is where I think Gregory Manorito is correct, it also means we're going to have one more big final blowout run of the stock market as the hyperinflation scenario takes over.
The market is probably, again, once the Fed does this, the market is going to just balloon, and it's going to go higher, higher, higher, and then it's going to be the final crash at some point.
And that's when the market loses 70% to 90% of its value.
Almost overnight.
That day's coming.
Okay, I've got two more updates for you here.
I kind of saved these for the end, even though maybe I should have put them at the beginning.
Well, first, let's talk about Colonel Douglas McGregor.
He's talking about Ukraine and Russia.
I just want to give you a little bit of what he is saying, because it's pretty obvious right now that Russia has seized a whole lot of territory in eastern Ukraine.
Russia is not being stopped.
And the initial assessment by the Western press that, oh, Ukraine is winning and Russia is retreating, that is absolutely not happening at all.
And Ukraine's military situation is becoming rather desperate.
So this is from Colonel McGregor.
Ten weeks after the conflict began, it is instructive to re-examine the strategic picture.
The war against Russia in Ukraine has evolved, but not in the way Western observers predicted.
Ukrainian forces look shattered and exhausted.
The supplies reaching Ukrainian troops fighting in eastern Ukraine are a fraction of what is needed.
In most cases, replacements and new weapons are destroyed long before they reach the front.
This is consistent with what we're hearing from other reports and what we're seeing in interviews with soldiers and sometimes even POWs and so on.
That even though the Ukrainian fighters have courage and they have heart and they're trying to do the best they can, the truth is the supplies just aren't reaching them.
They don't have the ammo.
They don't have the food.
They don't have the gear, even navigation gear.
And they also don't have the command structure in place that's necessary to effectively maneuver and fight a war and keep your troops from dying.
And I'm sorry to say, I think this is Zelensky's fault.
He should have pulled his troops back and saved the lives of these dedicated young men.
Should have pulled them back.
Better to give up a little bit of territory and negotiate for peace than to lose a generation of young men.
I mean, in my opinion.
But Zelensky has been ordered by the West to keep on fighting.
Sadly, he's ordered these men to keep on dying needlessly.
It's very sad to see that that's the case.
But there's another development involving Finland that's very important to note.
Finland says it's going to join NATO. Now, Finland and Russia have a very interesting history.
Finland was defeated by Russia.
I don't remember what year it was, but there was a territorial dispute before, and Russia handed Finland a very decisive defeat.
And Finland agreed in the past to never join NATO because of Finland's location.
If it were to not join NATO, it would serve as kind of a buffer between Western Europe and Russia.
But now Finland says it's going to join NATO, and Finland is reportedly reopening nuclear bomb shelters because they're anticipating attacks from Russia.
And Russia says it's going to respond.
If Finland joins NATO, Russia will respond with military action.
So we now open the window of possibility of Russia invading Finland.
Did you ever think that that would happen?
I mean, frankly, a lot of us were surprised that Russia invaded Ukraine, but they did.
And it just goes to show you, Russia's not messing around here, and they may very well invade Finland if Finland joins NATO. And that would bring us right to the brink of World War III, you know, with NATO and Russia in basically direct war.
And then NATO would rush to Finland's defense, you see, In the same way that Russia claimed it was rushing to the defense of the Luhansk region and Donetsk, because those regions just declare their own sovereignty separate from Ukraine, and they ask Russia for help, right?
So Russia comes in.
Well, similar thing's going to happen probably with the Finland situation.
Finland's going to say, oh, we're part of NATO now.
Russia attacks Finland, and then Finland says, hey, NATO, come to our defense.
You know, Article 5 defense, and then boom, we're in a war.
I mean, world war.
And we're very close to that right now.
Now, speaking of war, there's one more thing to pass along to you.
David Dubine called me, and remember, he's the ADAPT 2030 expert in grand solar minimum and sun cycles and the effects on civilization, effects on crop production as well.
And I think, I'm pretty sure it's his wife who reads Chinese and speaks Chinese.
Anyway, he's got some intel out of China that says that China has decided to cut their spring wheat crop six weeks early before the wheat berries are formed.
And basically turning it into silage for animal feed, which is wasting the wheat crop.
And you might say, well, why?
Why would this be happening?
Turns out that China believes that they're going to be in a war within about six weeks.
So think, what, early July.
And that when they're in that war, that diesel fuel will not be available for agricultural purposes, and thus they would not be able to harvest the wheat crops when they are fully mature.
And China believes, again, according to Dubin and some documents that they've been checking out, China believes that they're better off to harvest the crop now and use it for animal feed and give up the full wheat berries that can be used, you know, to make bread and flour for human consumption.
Because at least they can get a partial crop now, whereas six weeks down the road, they're not going to be able to get any crop because they're going to be in a world war.
And they believe that all the diesel fuel is going to be redirected into the war machine and therefore not available for agriculture.
So the upshot is that China believes they're going to be in a war and that then the fuel will not be available for agricultural use at that time because it'll be diverted into, you know, tanks and ships and everything else.
So, this is an indication, it's an early indicator that China believes it's going to be in a war in six weeks, which, I don't know what to say about that.
I mean, that seems like a really tight timeline.
I think China's planning on war within a couple of years.
I do believe China plans to take over the United States, but it's going to take more damage of the U.S. through the Biden regime.
And rigged elections and, you know, fuel scarcity and food inflation and civil war and revolt and running out of weapons against Russia and all these kinds of things.
China is looking at that scenario to weaken the United States, but that's going to take another year, maybe more.
But maybe China is planning to strike Taiwan, and it's going to need wartime resources for that.
That very well could be, and this might be an indication that's going to happen.
I hope that doesn't happen, because, you know, Taiwan people are good people.
Taiwan is the pro-democracy.
Well, the Republic of Taiwan is the proper leader of all of China, frankly, as far as I'm concerned.
And at least, at the very least, Taiwan should be its own sovereign country.
But of course, China wants to take it over and conquer it like they did Hong Kong.
Well, different circumstances, but you get the idea.
And China needs the United States to be really, really weak.
And the US is getting weaker by the day for all the reasons that we talk about here in this podcast.
You know, economically weaker, culturally, rule of law, finance, currency, food supply, everything.
And here's my big, big concern about where all this is going.
It's that at the end of the day, the U.S. has very few options other than just nuking its enemies.
The U.S. tried to use economic sanctions against Russia.
Didn't work.
The economic warfare backfired, and the U.S. has been harmed far more than Russia.
The U.S. can't really hurt other countries by restricting exports because the U.S. barely makes anything.
And the U.S. can't threaten to withhold energy exports that other nations crucially need because the U.S. is a net importer of energy ever since the Biden regime got in charge and, you know, began shutting down pipelines and, you know, the rest of that.
So the U.S. has no leverage in the world.
This is critical to understand.
And the U.S. military is incompetent.
There's no other way to say it.
I'm sorry.
I'm not trying to insult the soldiers.
I know a lot of soldiers.
A lot of my friends are veterans and so on, and they're good people.
But the corruption and the incompetence and the wokeness of the Pentagon has made the United States military in the modern day utterly incompetent and incapable of fighting a war.
Well, I should say incapable of winning a war against Russia.
Even the last war that America fought in Afghanistan, look how that ended.
America turned tail and ran and left behind tens of billions of dollars worth of equipment, handed it over to the enemy.
And by the way, the soldiers in the military are still shaking their heads over that one, like, what the heck just happened?
Even our soldiers can't stand that.
Our soldiers understand how corrupt the Pentagon is and how incompetent the leadership is.
And our soldiers had to fight in Afghanistan without proper equipment.
We didn't even have properly armored Humvees.
It's just incredible.
Not enough equipment.
Why?
Again, the supply chain problem.
It's been getting worse for a long time.
Now it's disastrous.
So if the United States is actually backed into a corner with a war with Russia or a war with China, there's a very good chance this whole thing goes nuclear.
Because that's all the U.S. has left.
For all the reasons I just mentioned.
Again, no financial weapons, no export weapons, no currency weapons that work.
Nothing.
Just nukes.
That's all the U.S. has.
Just nukes.
The U.S. has become a global bully with nukes.
It's just running around pointing the gun at everybody's head.
Like, do what we say or we'll shoot you.
That's what the United States has become.
That's not a good way to practice diplomacy.
Not a good way to win friends all around the world.
And frankly, most of the countries around the world are sick and tired of America's gunpoint diplomacy, believe me.
So David Dubine is getting all kinds of signals that all hell is going to break loose on the global scale, the global theater, in October of this year.
I've been getting signals that food scarcity is going to be very bad in the United States in the second half of this year.
I've already publicly offered the analysis that NATO and Poland will attempt a counter-assault against Russia this July or August.
And these dates are starting to come up real fast.
They're approaching.
I mean, here we are mid-May already, which means we could be six weeks away from war with Russia or World War III. And maybe China joins with Russia.
That could happen.
Maybe Poland and NATO attack Russia, you know, counterattack, just trying to blitzkrieg their way eastward across Ukraine.
Russia launches, I don't know, fuel air explosives or EMPs or nukes, and China says we're with Russia, and they both gang up to take down NATO and the West and the United States and to take down the bioweapons labs in Ukraine and to take down the dollar dominance.
I can see that happening.
Absolutely.
I can see India piling on with that as, yeah, we're tired of being controlled by the colonial dollar, frankly, which is what it is.
It's been that way since 1913.
Don't be surprised if the world changes so dramatically in the next few months that you don't even recognize it and that then America is left with what?
Oh, a country with almost no manufacturing.
A country with no supply chain, no domestic supplies of the parts needed to run the trucks, run the factories, run the farm equipment, run the aircraft, nothing.
And then thanks to Biden, the shutting down of our domestic oil and energy supply.
I mean, America could be thrust into poverty virtually overnight.
America could suffer an economic collapse before the end of this year.
I pray it doesn't happen, but things are lining up in a way that could lead to that outcome with a very high probability.
And by the way, I don't think America has the gold in its vaults that it claims to have at the end of the day.
I think the gold is mostly gone.
I think it's all been a scam.
And, you know, the paper gold and paper silver markets are all a scam.
It's been just manipulation by the central banks and the favorite banks like J.P. Morgan and so on.
And America has been controlled by a criminal cabal of globalists and banking cartel members for generations, and it looks like that's coming to an end.
And what happens after that, I don't know.
Some people think it's going to be a very positive situation.
Awakening, you know, uprising of humanity or dismantling of the system, mass arrests of the bad guys, and, you know, humanity celebrates freedom and everything.
Okay, maybe.
Or we all end up under the control of communist China after being nuked by Russia, where our dollars collapsed.
We have no economy, no food supply, you know, no real leadership, no currency that functions.
Maybe an EMP takes out our power grid and then America's done.
There's nothing left at that point.
And then you got to rebuild from nothing.
And it's going to be like living in the dark ages for a while, you know, until the Chinese troops show up.
And then you're going to be in a guerrilla war against a billion armed Chinese.
Imagine that.
Well, maybe it's not a billion...
You know, the actual number of Chinese troops.
But it's a couple hundred million.
It's almost equal to the entire population of the United States.
I mean, that's how many people China could send over as troops.
I mean, seriously, if we end up in a guerrilla war, you better have a whole lot of ammo stockpiled because you're going to have to live on what you got.
Nothing else is coming in.
Sometimes people react to hearing all this and they say things, oh my god, when you talk like that, you're scaring me.
You're scaring me.
I just don't talk like that.
How about, it's not about me talking about this.
I'm reporting on what's happening in the world.
To any observer, if you pay attention to what's happening, you will see the same things that I'm pointing out here.
All I'm doing basically is taking a red laser pointer at the map of reality and pointing out things.
Oh, have you seen that?
Have you heard about this?
Have you connected the dots over there?
Did you know about this action over there in Eastern Europe?
And what about the crops?
What about the fertilizer?
What about the fuel?
And I'm just pointing out what's out there, folks.
What you choose to make of it is up to you.
But I think rational people will look at this and conclude, oh my, maybe we should get prepared.
Maybe we should be ready for some really hard times.
Maybe we should learn how to grow food.
Maybe we should store some seeds or have some extra silver or store a little bit of diesel fuel, have a generator, you know, just on and on, all the preparedness things.
Maybe we should have emergency backup water supplies and medicine and water filters or things that we can use to live on when it all comes down, which is, you know, what my whole audio book is about, resilientprepping.com.
Just go there, download it.
It's free, right?
Resilientprepping.com.
And you can hear me describe how to survive without electricity or fossil fuels.
How to survive the total collapse of human civilization.
And you know that I believe that's what happens.
That's where this is headed.
Can we stop it?
Can humanity make a different choice?
Yes, we can.
But is humanity making that different choice?
So far, no.
Mm-mm.
Show me any evidence that humanity is making the choice that is based in rationality and abundance and freedom.
No.
We're living under a prison planet.
Half of our culture is now demonic lunatics screaming about how they want to kill their babies.
School teachers look like demons.
They're pedophiles running the schools.
I mean, our society has fallen so far that any honest assessment of where we are would have to conclude it's already too late for America.
Even if you were to save the economy, you can't save the culture.
You can't save the people because, again, half of them are demons.
They're gone.
They worship Satan and baby murder and they worship destruction and they hate America.
And, you know, they won't wave the American flag, but they'll wave the Ukrainian flag proudly while they're wearing a face diaper and taking more injections that are suicide shots.
You can't help these people.
They're gone.
I feel like Sarah Connor sometimes.
You're all gone!
You're already gone!
Remember that from, was that the second Terminator movie, I think?
She was in the psych ward, right, being interviewed by that guy?
You're already dead!
Because she knew where this was going.
And, you know, the punchline is that Sarah Connor wasn't crazy, was she?
She was right.
She knew that Skynet was going to take over the world and launch its war against humanity.
And that's not too far away from what's happening right now.
In fact, there are quite a number of very credible people, science-minded people, who believe that all of this that's happening is being put in place by an extraterrestrial artificial intelligence visitor.
I mean, in my mind, okay, maybe.
That's just one possibility.
But a lot of serious people believe that's the case.
It's kind of like a cosmic skynet.
And what's it trying to do?
Exterminate humanity.
So we're not that far from the science fiction of The Terminator, except maybe not the time travel.
But we're not that far from the basic premise of the film.
And remember, the way humanity survived was learning how to fight the machines, learning how to kill the robots.
Well, guess what?
I mean, here we are.
China just put out this video of these crazy flying drones tracking human beings through a bamboo forest, able to fly and dodge the bamboo.
We're going to be at war with the machines.
We're almost there right now.
The machine gun toting drones.
I mean, there are already suicide drones being shipped over to Ukraine by the United States.
It's happening right now.
And I do believe that Russia is going to roll out some kind of crazy exotic weapons here that the world has never seen.
And I don't know what they're going to be.
Lasers, rail guns, plasma weapons.
I don't know.
But I know they've been working on some crazy stuff.
And there are a lot of powerful forces in the universe that, if harnessed, can be extremely just game-changing weapon systems like, let's say, antimatter bombs.
Have you looked into that?
You looked into the matter-antimatter bombs?
You know, if you take matter and you have it meet some antimatter...
I'm not saying this is exactly what's happening.
It's just an example.
But antimatter exists, but it's very, very, very expensive to create.
I mean, it takes maybe more resources than the entire planet has to make even less than a tenth of a gram of antimatter.
But if you had a clever way to make it or find it, you could make matter antimatter bombs that would be orders of magnitude more dangerous than nuclear weapons.
We're not talking about megatons of explosion.
We're talking about, you know, gigatons or maybe teratons.
I don't know.
Basically, planetary-scale extinction type of weapon systems, you know.
It's not a good thing.
You don't want that tech out there.
But remember how America brought World War II to a close?
With Japan, it was a breakthrough in conversion of matter to energy, E equals MC squared, atomic bombs, and by the way, very inefficient atomic bombs at the time.
Very inefficient.
And I've mentioned this before, but I'll bring it up again.
Do you know that in the Hiroshima bomb, the atomic bomb, which was, I think, somewhere between like 16 kilotons to 20 kilotons, something in that range, You know, it's compared to TNT is what that means.
Do you know how much mass in the bomb was converted to energy?
So destroyed an entire city, killed 100,000 people almost instantly and several hundred thousand later.
How much mass in that bomb was converted into energy?
And if you dig and do the research on the web about that and you do the math, which actually isn't that hard to do, you can use E equals mc squared and just kind of convert the units of kilotons back into matter.
It comes out to something insanely small.
I think it was like 0.6 grams or might have been 0.4 or 0.8.
It was less than one gram.
I do remember that.
Let's just call it.6 grams.
So less than one gram of matter was converted into energy in the Hiroshima bomb.
Can you imagine what could be unleashed if someone knew how to convert one kilogram?
Into energy?
Well, you can do the math.
You start getting, you know, three orders of magnitude more explosive power.
And that's really where we are with modern nuclear weapons.
I mean, you're starting to talk about 100 megaton warheads, 200 megaton warheads, and so on.
What is that?
10,000 times more powerful than a 20 kiloton warhead?
Yeah, I think I got the units right on that.
10,000 times more energy to go from 20 kilotons to 200 megatons.
So, What if you have the next leap into the next weapon system, matter, antimatter, or something like that?
I have a feeling somebody's got some doomsday weapon tech, and that we might be peering into the abyss of hell if we don't de-escalate this global situation.
That's all I'm saying.
That scares me.
Most things don't scare me.
I'm not afraid of an economic collapse.
I'm not afraid of a lot of things because I've thought through them.
I'm not afraid of mass food scarcity.
I'm not afraid even of...
You know, losing the whole power grid.
I know how to deal with that stuff.
I do not know how to deal with a planetary scale extinction weapon from hell or maybe delivered by aliens or whatever.
I don't know how to deal with that.
That scares me.
And I'm a little bit freaked out.
By the likelihood that something like that exists and that crazed people might use it.
And the final thought on that, you know, it's no joke that the US military has been trying to reverse engineer the Roswell crash tech, you know, from Roswell, New Mexico back in, what was that, 47?
And they were able to reverse engineer some things from that crash, such as exotic materials.
You know, where do you think carbon nanotubes come from?
Or what about the integrated circuit?
That discovery?
Bell Labs, like all of a sudden, this tech fell into their labs.
Oh, wow, we just suddenly discovered the integrated circuit, but there's no history of anybody researching it up to that point.
It just suddenly, boom, we had this integrated circuit, which is a quantum device, by the way.
And that became the basis for all modern computing.
Which became the basis for the surveillance control grid over humanity?
Which became the basis for mass coercion and compliance with vaccine passports to inject people with extermination weapons?
Are you starting to connect the dots?
Have I pointed it out enough?
Somehow, Earth's political leaders found themselves in possession of technology that could enslave humankind.
Hmm, interesting how that works, isn't it?
So be prepared for big surprises.
That's the bottom line of what I'm saying here.
Big surprises.
Every month of this year, something big, so big that it could be the biggest story in the history of human civilization could break right in front of us.
Some event, the biggest event in human civilization could happen right in front of us.
We are witnesses with front row seats.
And some things might be beautiful.
Some things might be horrific.
Humanity might be set free.
Humanity might be utterly exterminated.
I don't know which way this goes.
I just know that if we want to have a chance to survive this, we've got to be prepared.
And then also on the spiritual level, I know that if we get right with God...
Whether our bodies are destroyed or not we still emerge as people who did the right thing stood with God fought for liberty and life Fought for humanity.
No matter what the outcome, we still win.
I mean, our souls win.
God wins.
So maybe that's the final answer in all of this.
I don't know if Earth wins, but I know that God wins.
All right.
That's my podcast for today.
I know it got a little heavy here at the end, but it's the way these things go.
Thank you for listening.
Appreciate your attention and your time.
I'll be with you again on Monday and no doubt we'll have some special reports over the weekend for you.
I have a feeling there's going to be some things breaking.
And keep your eye on the crypto markets.
Keep your eye on the stock market today to see what happens.
There's a lot of panic and fear in the system right now.
A lot of things breaking down.
So be prepared.
Get safe.
Get squared away.
Reduce your exposure.
Reduce your risk.
Reduce your leverage.
And then you can survive this.
We can make it through together.
Thank you for listening.
God bless you.
Take care.
A global reset is coming.
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I'll describe how the monetary system fails.
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