Very few Americans realize that the disintegrating energy industry will make the entire economy and market grind to a halt. This won’t happen overnight, but if we look at history over several decades or a century, it will have fallen apart rather quickly. Unfortunately, there is nothing we can do about it because the time to transition has long gone, more than 20+ years ago.
I sat down with Dave at the X22Report Spotlight and discussed why the energy industry is disintegrating and what that means for the U.S. and global economy:
There’s a lot of analysis out there that suggests the over-leveraged and massively indebted markets are the fault of the Fed & Central Banks. While this is true, if they didn’t prop the markets up with trillions of dollars of printing money, the economy and markets would have collapsed years ago.
I don’t believe people really understand just how bad things will get as the financial markets finally roll over for the LAST TIME. Analysts such as Peter Schiff (who I respect), look at the ills of the economy and market based on incorrect use of Central Bank monetary rigging and the debt. Peter Schiff has no idea that the markets will never recover, even if gold was used to back our currency. This sort of analysis omits energy from the equation.
Currently, the precious metals sentiment and retail buying in the West is in the toilet. This is due to the supposed notion that “TRUMP IS GOING TO MAKE AMERICA GREAT AGAIN.” Not only are precious metals sales down considerably since last year, so is demand for bulk food-survival goods and guns-ammo. Americans have fallen victim to Trump’s false promises.
Furthermore, I have no idea what Trump is doing now. It seems as if most of the reasons he was elected (drain the Washington DC swamp and etc) no longer hold true. While many of his supporters believe he has been taken over by the Elite, he probably realizes if he doesn’t go along with the SHOW, then the whole system will fall apart. This is what I most of his followers don’t understand. Trump now probably realizes his platform was naive. If he continued to implement it, the United States would disintegrate.
So, my assumption is that he has listened to folks up at the top and now realizes America is heading for collapse… and his switch to go along with the Elite means he realizes how bad the situation is… and all he is doing is buying some time before the whole things falls apart. That’s my opinion.