{"id":1458587,"date":"2024-02-21T21:15:00","date_gmt":"2024-02-22T02:15:00","guid":{"rendered":"https:\/\/bugaluu.com\/news\/?p=1458587"},"modified":"2024-02-21T21:15:00","modified_gmt":"2024-02-22T02:15:00","slug":"the-year-of-cascading-crises","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/the-year-of-cascading-crises\/1458587\/","title":{"rendered":"The Year Of Cascading Crises"},"content":{"rendered":"

The Year Of Cascading Crises<\/span><\/p>\n

\n

Authored by James Rickards via DailyReckoning.com,<\/em><\/a><\/p>\n

I often write about different crises, but usually one at a time. Whether it\u2019s a market crash, recession, bank failures, etc. I take them on an individual basis.<\/p>\n

But what about a cascade of crises?<\/strong> What about a situation in which one crisis comes after another for a prolonged period? Each crisis might be manageable, but the sheer volume of crises and their cumulative effect might push society to the breaking point.<\/p>\n

It may seem hyperbolic at first glance, but it\u2019s not \u2014 it\u2019s entirely plausible. Now, I\u2019m not necessarily predicting that we\u2019ll get a cascade of crises. But it\u2019s possible, and you should be prepared just in case.<\/p>\n

That\u2019s because it looks like 2024 might be a year in which the crises do cascade. And the crises will not be natural disasters (although that could happen) but more like social and political disasters.<\/p>\n

Here\u2019s what might play out over the next 10 months and the reasons why:<\/strong><\/p>\n

Much of what is to come is in response to the likely victory of Donald Trump in the race for the presidency. One cannot overstate the sheer fear of Trump by the globalists, Davos crowd, progressives, climate alarmists, DEI gurus and just about anyone else who can\u2019t stand Trump.<\/p>\n

This fear often manifests itself in the form of Trump derangement syndrome (TDS), which is a genuine form of mental illness, not just a simple disagreement with Trump\u2019s policies. And TDS is contagious.<\/p>\n

I\u2019m not saying this to defend Trump (he has many flaws); I\u2019m just pointing out the degree to which his critics hate and fear him.<\/p>\n

Confidence in the Rule of Law Is Gone<\/strong><\/h2>\n

The key question is:<\/p>\n

\u201cWhat would the anti-Trumpers in government and the media do to stop Trump?\u201d<\/strong><\/em><\/p>\n

The answer is:<\/p>\n

\u201cWhatever it takes.\u201d<\/strong><\/em><\/p>\n

<\/a><\/p>\n

Trump is not just an opposing politician; he\u2019s an existential threat to a 50-year-old globalist, anti-nationalist agenda. To keep him out of the White House, his political opponents have resorted to lawfare: the use of law to handicap a political opponent.<\/p>\n

We see this in the New York civil case in which a judge has now ruled that Trump and his companies must pay a $355 million fine (in addition to what may amount to $100 million in interest payments) for a non-crime. Trump simply did not commit fraud under any plausible interpretation of the law. No one even claims to have been defrauded.<\/p>\n

There\u2019s also the defamation verdict awarding $83 million to a plaintiff that is out of all proportion to any actual damages, and the classified documents case in Florida.<\/p>\n

We also see elite attacks in the Jan. 6 case in Washington, D.C., the notorious Stormy Daniels hush money case brought by the biased and incompetent N.Y. District Attorney Alvin Bragg, the mass RICO case brought by the unethical and compromised Fulton County, Georgia, district attorney, Fani Willis \u2014 and finally the efforts to kick Trump\u2019s name off the ballot using Section 3 of the 14th Amendment by claiming Trump is an \u201cinsurrectionist.\u201d<\/p>\n

Dubious at Best<\/strong><\/h3>\n

All of these cases are legally dubious at best. While I\u2019m not a constitutional scholar, I am an attorney with decades of legal experience. And based on that experience, it\u2019s clear that these cases are politically motivated. But in their zeal to get Trump, prosecutors and judges may have overreached.<\/p>\n

The Washington, D.C., case may be dismissed because the U.S. special prosecutor was not properly appointed under Department of Justice rules. There are also presidential immunity issues pending before the Supreme Court.<\/p>\n

Meanwhile, the Georgia case may also be dismissed because of unethical conduct and lack of disclosure by Fani Willis. Damages in the defamation case may be greatly reduced on appeal.<\/p>\n

Likewise, the Stormy Daniels case is on thin legal ice. And the Supreme Court is likely to rule any day that the 14th Amendment insurrection clause does not apply to Trump\u2019s actions.<\/p>\n

Meanwhile, it\u2019s difficult to see how the Florida classified documents case can result in a conviction after the kid gloves treatment given to Joe Biden in his classified documents case.<\/p>\n

And Trump can appeal the New York civil ruling, although it\u2019ll be more difficult than a standard appeal because under the statute, Trump would have to turn over the entire $450 million while the appeal is decided. Trump\u2019s rich, but that\u2019s a lot of money even for a guy like Trump to round up.<\/p>\n

New York Gov. Kathy Hochul has assured nervous New York business owners that they have nothing to fear from this ruling, urging them to remain in New York. But that just proves that this case was about nothing more than taking down Trump.<\/p>\n

The Damage Is Done<\/strong><\/h3>\n

The fact that Trump may survive this legal onslaught (or issue a self-pardon upon election) does not alter the damage done.<\/p>\n

Confidence in the rule of law has been badly eroded. The biased and unbalanced application of the law to Trump has increased the already extreme polarization that exists in the U.S. This polarization is the foundation for the other social dysfunctions to follow.<\/p>\n

Here\u2019s a summary of the social and infrastructure crises that may follow on the political crisis described above:<\/p>\n

Energy shortages and blackouts due to Green New Scam policies and the simple physics of trying to maintain a baseline load in the power grid using intermittent sources such as windmills and solar
\nA new pandemic promoted to impose unnecessary lockdowns that act as cover for ballot-box stuffing, extensive ballot harvesting, drop-box abuse and other scams intended to rig the vote for Biden
\nA stock market meltdown as Congress tries to reduce out-of-control fiscal deficits and markets realize that excessive government spending was the only thing keeping the economy going in the first place
\nThe rollout of central bank digital currencies (CBDCs) that will be used as a surveillance tool to identify those whom Biden calls \u201cenemies of the people.\u201d The targets will be Trump supporters and MAGA Republicans
\nChinese hacking of critical infrastructure systems including air traffic control, banking and capital markets.
\nAs these crises cascade, don\u2019t be surprised if the White House imposes martial law and even takes steps to suspend the elections.<\/p>\n

Blood in the Streets<\/strong><\/h3>\n

One event which I find highly likely and a possible cover for some of these other events is blood in the streets of Chicago from Aug. 19\u201321, 2024. That\u2019s the time and place of the Democratic National Convention to nominate their candidate for president.<\/p>\n

The convention will likely come under attack from Antifa, the pro-Palestinians, climate activists and others. The new mayor of Chicago, Brandon Johnson, is even more radical than Lori Lightfoot. He will let the demonstrators do what they want and tell the police to stand down. The riots, looting, arson and violence will take on a life of their own.<\/p>\n

A good example of this is found in Norman Mailer\u2019s book\u00a0Miami and the Siege of Chicago<\/em>\u00a0(1968), which covered the riots at the Democratic convention (also in Chicago) in 1968 at the height of the war in Vietnam.<\/p>\n

The difference between then and now is that in 1968, Chicago Mayor Richard Daley let the police pound the protestors into submission. This time, Brandon Johnson will let the protestors tear up the city. In any case, events of this type can be a catalyst for extreme remedies coming from the White House that could then be used to manipulate election results.<\/p>\n

I realize that may sound paranoid or conspiratorial. But you have to realize the lengths to which these political operators will go to stop Trump. Once you do, you\u2019ll see it\u2019s not nearly as far-fetched.<\/p>\n

What Can You Do to Survive?<\/h2>\n

The events I\u2019m talking about would likely result in market turmoil. That\u2019s why it\u2019s prudent to increase your cash allocation, decrease your stock allocation (especially tech stocks) and have gold bullion coins and at least one monster box (containing 500 one-ounce American Silver Eagles available from the U.S. Mint). Land and fine art are other valuable assets.<\/p>\n

Basically, you want assets that are not vulnerable to bank failure and are not in digital form because of hacking and power grid failures. If you are in stocks, I would allocate funds to major oil companies, major defense contractors, mining companies and agriculture firms such as Cargill and ADM. Treasury notes are another good play because interest rates should plunge in any recession emerging from the chaos.<\/p>\n

Again, I\u2019m not making a hard prediction that these events\u00a0will\u00a0<\/em>occur. I\u2019m simply stating that there\u2019s a genuine possibility that they may occur, and that you should be prepared.<\/p>\n

And as they say, an ounce of prevention is worth a pound of cure.<\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nWed, 02\/21\/2024 – 16:15<\/span><\/p>\n

\u200bRead More<\/a>\u00a0<\/p>\n

\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

The Year Of Cascading Crises Authored by James Rickards via DailyReckoning.com, I often write about different crises, but usually one at a time. Whether it\u2019s…<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1458587","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-67rB","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1458587","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1458587"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1458587\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1458587"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1458587"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1458587"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}