Markets are looking down today. Investors are eyeing the exits ahead of the Reserve Bank of Australia’s interest rate decision this afternoon.
Slowly…but surely…the players who swing the Aussie market are losing confidence in the RBA’s ability to jawbone stocks higher.
That’s why investors stripped nearly 1% from the value of Aussie shares this morning.
It might strike you as a jarring move. But today’s drop is small potatoes compared to the carnage that looms ahead of us.
That’s why I’ve seized the reins of The Markets and Money this week. Greg and Callum will be back with you next week — but right now, you need to hear precisely how the next global financial crisis will unfold…
Yesterday’s e-letter from Jim Rickards made for sobering reading.
I’m sure that you know Jim’s name by now. He’s a lawyer and banker with 35 years of experience inside Wall Street. He’s a New York Times best-selling author…a trusted friend to the US Department of Defence…and the facilitator of the first financial war game at the Pentagon.
Yesterday, Jim illustrated a terrifying vision of our shared future. It’s extreme stuff. We’re talking bioimplants…capital controls…neofascism…currency collapses and rebirths…stock market panics…asset freezes…wealth destruction…and extreme egalitarian policies — all locked in long before the next decade is up.
The worst way you could respond to Jim’s thought experiment is to say ‘oh, that’s too far in the future to worry about’. Or this: ‘sure, maybe in America — but we’ll never cop that in Australia’.
As I showed you yesterday, many of the elements of Jim’s dystopia are already here.
Most importantly, the doctrine that will let politicians ramrod such an awful future into place is in place and established.
It’s called the ‘shock doctrine’ — and it’s the tool that global elites will use to take you from today’s markets to a dystopian 2025…
How the shock doctrine hits you
This is how scoundrels in the shadows seize power. Ever thus, it has been…but never truer than now.
When some event — be it a terror attack, financial panic or natural disaster — upsets the status quo, people are more willing to relinquish their freedom in favour of a greater sense of security.
That’s when ambitious political leaders make their move.
‘The idea,’ Jim told me, ‘is you use a shock as an excuse to roll out a pre-planned agenda that may have nothing to do with the triggering event. The elites are just waiting for a scared population to push their agenda’.
Shock doctrine sees policy makers wait…and wait…until there’s a shock. Then they use that shock to pass laws that people would not otherwise agree to. The clearest example is the American legislative response to the 9/11 attacks.
It’s a little like boiling a frog — the frog doesn’t know it until it’s cooked.
But that doesn’t mean you have to sit in the saucepan.
As Jim explains, another such event could be right around the corner…
Don’t get wiped out
If a shocking event were to hit, are you prepared?
Is your portfolio, your wealth and your investments structured in such a way that you and your family would survive?
Regardless of the shadowy agendas and coming shocks, there are things investors can do today to avoid being manipulated by the power elites.
I’m not talking about storming barricades and fighting neofascists in the streets.
I’m talking about taking care of your own business, your own family, yourself, and your portfolio in such a way that, if crazy things start to happen, you’re not the one getting wiped out.
That’s what Jim and I will help readers to do with our new service, Strategic Intelligence.
Read on, and Jim will explain how the ‘shock doctrine’ will kick in…
Editor, Money Morning