Biden’s handlers are intentionally trying to destroy the U.S. economy.
It’s going to take a bit of time because Donald Trump built it into a wealth-and-GDP-producing powerhouse, but the collapse is coming nonetheless.
Yeah, I know. You’ve been reading that shit for years now. I get it.
But the ‘stars’ have not really aligned completely until the most feeble, senile ‘president’ we’ve ever had was helped into the Oval Office.
His handlers have used Democrat governors to tamp down economic activity for a year under the guise of muh COVID.
That has led to job loses and production shortages.
Now, the Biden regime is literally spending the country into oblivion — printing money like crazy and spreading it all over the country.
But there’s less to buy so everything is going up: Lumber and construction materials; houses; cars, food; land; fuel; technology; computer parts; etc.
More money supply + Fewer things to buy = Inflation.
We’re already seeing higher inflation now than we’ve seen in decades.
And now, there’s another sign of trouble ahead: A red state, Tennessee, is planning for a rainy day collapse by stockpiling as much of real currency as it can.
SchiffGold, via Zero Hedge, reports:
Last month, Tennessee Gov. Bill Lee signed a bill into law that creates a commission to study the feasibility of creating a gold bullion depository in the Volunteer State.
A state bullion depository would not only create a safe place to store precious metals; it would increase the state's financial independence. It could also facilitate the everyday use of gold and silver in financial transactions in Tennessee and set the stage to undermine the Federal Reserve's monopoly on money.
Sen. Paul Rose (R) sponsored Senate Bill 279 (SB279) and Rep. Bud Hulsey (R-Kingsport) carried the companion bill in the House — House Bill 353 (HB353). The new law requires the Tennessee advisory commission on intergovernmental relations (TACIR) to study the feasibility of creating a state gold depository, including whether other states or jurisdictions have created a gold depository, and to report its findings to the speakers of the senate and house of representatives no later than January 1, 2022.
The Tennessee Senate passed SB279 by a 32-0 vote. The House approved the measure 90-0. Gov. Lee signed the bill on May 27. …
Tennessee could follow the lead of Texas.
In the summer of 2015, Gov. Greg Abbot signed a law creating a state gold bullion and precious metal depository. The depository received its first deposits in the summer of 2018. The following year, the state exempted precious metals in these depositories from taxation.
A state gold repository creates a path toward financial independence for a state.
“This is another in a long line of ways to make Texas more self-reliant and less tethered to the federal government. The financial impact is small but the political impact is telling, Many conservatives are interested in returning to the gold standard and circumvent the Federal reserve in whatever small way they can,” University of Houston political science professor Brandon Rottinghaus said.
Adds SchiffGold.com: “A state bullion depository also creates the potential for monetary competition by facilitating the use of gold and silver in everyday business transactions. This is a stated part of the plan for the Texas Bullion Depository.”
Yes, the stock market continues to rise. Got it.
And I’m not a financial guru so I’m not giving anyone any financial advice.
But I thought you should know, in a situation where we’re seeing intentional steps taken to devalue our money and create rampant inflation, what Texas and Tennessee are doing.
Biden's inflation is GETTING WORSE by the month...
Around the world, supply chains continue to be disrupted. Delays are now commonplace. And they're going to get worse.
There IS a financial reset coming - that's just true. All the signs indicate as much.