The Everything Collapse

Quote of the Day

The inevitable consequence of the current Global Debt Bubble will be the Bankruptcy of the financial system and many of its participants.

The one Swiss and three US banks that just went under is just a foretaste of what is to come.

As the US and European banking systems come under pressure, The Everything Collapse will cause a collapse in financial markets of a magnitude that has never before been seen in history. Since the global financial system is a mesh which reaches every financial player in the world, from sovereigns to private individuals, no-one will be able to escape the The Everything Collapse.

Egon von Greyerz
April 16, 2023

The author is trying to sell you gold. There is a strong potential for bias in the analysis and claims.

However, with the U.S. debt increasing by a trillion dollars per year it seems more plausible.


14 thoughts on “The Everything Collapse

  1. His stated position is not one that should reasonably lead one to buy gold.

    He’s making an argument for buying lead and brass in the form of ammo. Much better for barter, almost useful directly as a currency, and in a pinch it is one concrete, achievable step away from feeding your family.

  2. Cloward and Piven rub their hands with glee, one in Hell and the other in decrepitude. Their hoped-for collapse is nigh.
    Most western countries have legislation, like CDBC and gun control and UBI and 15-minute cities and “green” regulations, waiting in the wings for a sufficiently desperate population to lot lynch them when it passes.

    The leak of classified UKR docs will help them push the “Restrict Act,” for example.

    A banking collapse will help their war on cash.

    A lot of high-IQ but spiritually dead people around here think that CDBC would be great, and that free speech should be stepped on, because it hurts people’s feelings and makes them fearful, and that’s why the left is so “activist.”

  3. Economic collapse may be the softest landing currently available. The silver lining is that it would hamper further oppression. If we get the oppression, we will get the collapse as well.

  4. I do not trust that gold will be a currency exchangeable in an economic collapse: at what valuation?… and can I trust it’s not fake?…(didn’t Australia just get outed for selling diluted ie semi-counterfeit gold to China?)
    As has been said, if the collapse is that all-encompassing the only forms of reliable exchange will be barter or powder and lead, so I’m backing the current system until that happens.
    SP RN Boise

  5. An economic collapse the size of the great depression here would lead to much worse things. As the import of fighting age males/cartel insurgents and pretty much anyone else in the world that can’t figure out how to maintain civilization in their country of origin, is here.
    Given government blessing to rape, rob, in generally do their worse.
    As has already been posited in this post, copper and lead will be the exchange medium. (In various grain weighs and velocities.)
    As Matt Bracken has shown. Look what their doing with civilization working. Now imagine turning off the EBT, water and food?
    Rwanda x Bosnia x great depression.
    If one’s only thinking along the lines of one’s bank failing and buying gold to hedge inflation.
    Well? Good luck. Everything collapse seems a very accurate description of what China has most certainly bought and paid for.

    • I wish Bracken would do some more books. I haven’t checked for a while and need to update.

      • He mentioned his trip to the Darien gap put the spurs to him in that regard. So, hopefully!

  6. It is the way of “capitalism” for inept or corrupt companies to fail. Normal deposits in the US are insured. If deposits were over the insurance limits, it is part of a scam or an indication of stupidity. Either way, not my problem. Cleaning out “dead wood”. Sounds like Swamp Creatures have been too busy counting the grift to pay attention to audits.

  7. Precious metals are a transfer medium, intended to transfer wealth across either, or both, time and distance. They have, theoretically, value when procured and value when expended; the more intrinsically valuable they are the better they retain that value over time and distance.

    If, however, one anticipates that at the far end of whatever time and/or distance one is contemplating for a transfer period, the existing (and planned for) value structure is replaced by some other value structure, the transfer value of precious metals may be compromised.

    While high human-valued materiel has withstood the “test of time” quite well, there may be greater value in examining other value transfer mechanisms, such as ammunition, food, training, tool skills, education, tribal affiliations, etc. and seeking a rational balance in transfer value stores. “Rational,” of course, is subject to multiple interpretations and factors; even Joe’s proposed Underground Idaho Bunker may have greater value in some instances than equivalent value in precious metals.

    • “Transfer medium” — yes, that’s a good statement of the principles. A very good detailed discussion can be found in the writing of Ludwig von Mises: “Human Action” and “The theory of Money and Credit” come to mind. Both free downloads at the von Mises Institute website.

      The key requirements of “money” are: fungible, non-perishable, not readily forgeable, and the quantity in existence should not widely vary. Precious metals work well for this, except in special cases: as I recall, Spain got in trouble in the 1500-1600s when it drastically increased the gold supply by plundering South America. There’s some argument this helped bring about the collapse of the Spanish Empire (including such things as Dutch independence).

      Those definitions mean that lots of other things could work as money. A key point is that it’s really a psychology question, not a physics question. A particular thing is accepted as money because it has been so accepted, by general consensus (possibly aided by law). This also explains panics and the destruction of some types of money by loss of confidence. So yes, lead could work. Powder is a bit trickier: how would you detect counterfeits non-destructively?

  8. Lead and powder will work as a transfer medium the way they always have: “transfer to me that which I want/need, or you will meet my lead and powder.”
    Power grows out of the barrel of a gun. Econ 101.

  9. Most people are trying to sell something… doesn’t mean they are wrong.
    And as JP Morgan said, “gold is money, everything else is credit”.

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