The Disintegrating Energy Sector Will Make The Entire System Grind To A Halt

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-amm0.  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.

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22 Comments on "The Disintegrating Energy Sector Will Make The Entire System Grind To A Halt"

  1. Seems to all be coming together. Can you say SAIL , KETCH , PILOTHOUSE , YAWL ?
    http://sgtreport.com/2017/04/if-trump-does-this-its-game-over/

  2. “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.”

    One hundred percent agreed Steve. Its time to destabalize regions to undermine the growing use of energy outside the west.

    • Yeah, yeah, yeah, like i said, protectionism is for dummys.

      http://www.zerohedge.com/news/2017-04-22/imf-drops-pledge-resist-all-forms-protectionism

      Just like Exeters inversed pyramid, the political version. On top; political correctness.

    • “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.”

      no. the “elite” clearly wanted hillary and did not want trump – this was NOT because hillary would have bought us more time, but because she would have steered the united states over the cliff in a manner and at a time of their choosing. no, as was observed by someone else before the election, “right now the only thing worse than for it all to collapse would be for it all not to collapse.”

  3. DisappearingCulture | April 22, 2017 at 8:04 am |

    “Currently, the precious metals sentiment and retail buying in the West is in the toilet….so is demand for bulk food-survival goods and guns-amm0. Americans have fallen victim to Trump’s false promises.

    Many of those have what they need or can afford. They and new potential buyers are “tapped out”. They had a job now they don’t, or income isn’t keeping pace with the cost of living. For example $3,000++ insurance deductibles [plus copayments] means people who had much lower out-of-pocket healthcare or sickness care costs a year or two ago now have thousands of after-tax expense for a hospital visit or specialist’ care. There may be deflationary forces, but the costs of QUALITY items people need are going up [food, shoes, care repair,rent/housing etc.]

    • “Many of those have what they need or can afford.”

      yep. all the serious preppers who can buy a place in the country have done so, everyone’s garages are full, and now they’re just enjoying the time that’s left.

  4. Diogenes Shrugged | April 22, 2017 at 11:30 am |

    @ SRSRocco: “Peter Schiff has no idea that the markets will never recover, even if gold was used to back our currency.” Steve, doesn’t this call into question the advice to buy gold?

    @DisappearingCulture: “Many of those have what they need or can afford. They and new potential buyers are ‘tapped out’.” Indeed, and additionally, preppers run out of storage space. Canned foods and cartridge boxes take up room.

    It would seem that there are no remedies. No silver linings, no hope; it’s all about to crash around our ears and come to an end. We’re doomed. The end is near. There will be winners and losers, but the “winners” will discover they’re the biggest losers of all. A world without markets, without energy, without central banks and governments and politicians to save us. Whoa, wait a minute there, hold on … I’m suddenly feeling a little more optimistic.

    • “Steve, doesn’t this call into question the advice to buy gold?”

      heh. yeah steve, what about that?

      “A world without markets, without energy, without central banks and governments and politicians to save us. Whoa, wait a minute there, hold on … I’m suddenly feeling a little more optimistic.”

      the middle- and lower-class people oppressed by the “elite” are not much different morally from the “elite”. and while the fuel will indeed run out, the guns and ammo will be around for centuries more.

      “two hundred million guns are loaded, satan cries ‘take aim!'” ….

  5. I had come to the same conclusion. The DC power people explained to Trump just how bad things really are. They told him that implementing his promises to the voters would be catastrophic within six months.

    • Nobody, needed to explain anything, he lied to get into power.

    • “They told him that implementing his promises to the voters would be catastrophic within six months.”

      no. they told him, “if you implement your promises to the voters, we will make sure catastrophe ensues to those voters within six months.” – hoping he’ll not realize what their real goal is. their real goal is to cause maximum possible catastrophe at the right time, or if any american tries to hinder their plan to then cause whatever catastrophe they can immediately. remember, their goal is 1) own and control it all, and whatever they can’t control 2) destroy it.

  6. joe lindell | April 22, 2017 at 8:19 pm |

    You’ve got it right Steve. The economy is going to take a devaluation like Venezuela. And silver will be heading to $10 an ounce. It’s already happening. Gold may rise but silver will fall. The US Mint sales are down 75% this year. If people are as broke as you’ve stated, then economics will only get worse. Add the possibility of war with North Korea, Syria, Russia involvement and Iran and we already see
    that is no flight to traditional safety i.e. gold & silver.Money will go out of the USA and the majority of our citizens will need all they have for housing, food i.e. basic essentials. Oil will plunge with silver.

  7. Trump will play their game until the game ends and then he will say” I did it your way and it didn’t work so now we are going to do it my way”.

  8. They pulled the Obama Care replacement off the floor because it didn’t get a lot of approval. If it didn’t get passed then it would have been dead and never to come back to the floor. A wheeler and dealer will walk away from a deal when it doesn’t work out. He knows the ObamaCare will end badly. Therefore LET IT. And when it does they will come back to Trump screaming for his bill to go on the floor again.

    • “ObamaCare will end badly. Therefore LET IT. And when it does they will come back to Trump screaming for his bill to go on the floor again.”

      obamacare, trumpcare, doesn’t matter. when half the citizen population is transitioning from paying for health care to consuming health care, and the non-citizen population is multiplying like rabbits and paying nothing for health care but getting it “free” by “right”, and anti-citizens are importing third-worlders and their sick relatives by the million and giving them “free” health care by “right”, then health care, government-sponsored or otherwise, is going away.

  9. Diogenes Shrugged | April 22, 2017 at 10:16 pm |

    A new Bix Weir interview at X22Report Spotlight:

    https://www.youtube.com/watch?v=5tm1_IvYyts&spfreload=10

    Freaked me out. He sure sounds confident predicting that stuff.

    • bobbybobbob | April 23, 2017 at 6:56 pm |

      The Bix guy sure seems bonkers. Same deal with that Clif High guy also all over youtube. I don’t care to address them on their arguments but many charlatan tells are there. They both constantly allude to their models and research developed over years, but never really break down all their *concrete* evidence in an understandable way. There’s always some obscured “research” or “model” that you need to learn more about to truly get it. With Bix you’re apparently told to go read a stack of books. Well, no thanks, how about some hard facts indicating massive gold deposits in CONUS? Not rumors and accounts.

  10. Who are those folks at the top Steve?

  11. Tom Mysiewicz | April 23, 2017 at 10:57 pm |

    Steve:

    You’re a breath of fresh air and have helped me to tie a few things together I’ve been pondering for years. Try this on for size: All the derivatives, credit bubbles, debt creation, etc. are SUBSTITUTES for the energy surpluses that once existed but no longer do. This has made a tiny percentage of the population fabulously wealthy while the bulk of plebeians are ground into the dust of the negative ledger through so-called “austerity.” Further, Obamacare was yet one more strategy to sponge up excess liquidity among the working classes and prevent an inflationary (hyper-inflationary?) spiral from developing among the general population.

  12. Why will silver go down? Why will it not be a safe place to hedge?

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