If we’re not ready for the tsunami our families are going to drown. When it comes to preparing our families for all the craziness that’s taking place in the world, right now poses as good a time as any to learn a few simple but really important economic realities.

First, we need to understand the serious financial situation with which we’re dealing. We need to understand why the U.S. dollar, which our families are dependent upon for survival, keeps getting debased by the Federal Reserve. We need to understand who the Federal Reserve is and who they’re giving the money to that they’re taking from us.

We need to ask why the Fed keeps raising interest rates that are killing our ability to do business, buy cars, and own a home. All we get out of the fiat money, fractional reserve, ponzi scheme financial system is rising prices through inflation which lowers the value of the few precious dollars we somehow manage to save.

We’re told we can change all this of course by just getting out of the Federal Reserve Note, and investing in real assets. Which leads to another real important question: When we do get out of the U.S. dollar what kind of U.S. currency, that will act as money, and serve as a store of value, come into existence in this country? And when will that happen?

Financial wisdom tells us we’re getting close to going to a global cryptocurrency and a cashless society. Former Assistant Secretary at HUD Catherine Austin Fitts frames it this way: “What do they want? I mean we saw (IMF Managing Director Christine) Lagarde, I think she was in Singapore, talking about central banks doing cryptos.”

Those who control through the central banks definitely want cryptocurrencies and a cashless society. That’s why they’ve implemented the all everything personal credit card in China. That’s all they’ve got and if the government turns it off then they’ve got nothing.

That’s also why China’s Yuan was such an important addition to the basket of IMF currencies. They are making a major investment in the transformation of the global economy and system to eliminate paper currencies.


So does that mean cryptos are going to replace the U.S. dollar for good?

Cryptocurrencies are going to continue to be a predominant form of asset / currency representation. They will become the already established class of assets that are cryptocurrencies, but they probably won’t replace the dollar because the U.S. dollar most likely won’t disappear completely. It will still battle for a certain value amongst other low value global currencies and assets.

Precious metals specialist Jim Sinclair of jsmineset says basically the same thing. But double. “There’s going to be two resets,” he says.

Classic wisdom says he’s right. First, we’ll be forced into a financial reset as the U.S. dollar related markets collapse and bankruptcies skyrocket. The new global currency system will use cryptocurrencies, the SDR and The IMF, “which will fail,” Sinclair insists.

One new financial system will come by design and the design will not be effective. So if you think the dollar is an ugly fiat currency now wait until you see what central bank cryptos will look like next. Ugh.

And the second reset? “The second reset will be whatever’s left of the marketplace,” Sinclair says. He means gold. Backing one country’s currency at a time. A slow motion wave of transformation that is presently taking place into a global financial system where the currencies will all eventually be backed by gold.

It’s what Jim Sinclair calls “nature’s adjustment.” Nature’s adjustment will not be about convertibility. “But it will be those currencies that represent the countries holding the most gold,” Sinclair says.

He who has the most gold will have the most global power. It’s come down to proper management of that gold as we move forward. As for the U.S. position in all of this – precious metals analyst and adviser Gerrit Visser, believes the U.S. probably doesn’t have any pure gold to start with.


One thing we can do to help our families prosper is to understand what those with lots of money are doing to keep their wealth. The first thing they do is figure out the best way to hold value as they move their worth from the U.S. dollar, which continues to lose value, into more secure asset forms. Big time investors globally are not only investing in gold as a hedge against central banks.

Wealthy folks are also buying real estate, Catherine Austin Fitts, financial adviser to the wealthy tells Greg Hunter.  “What wealthy folks are doing is they’re buying land. The land report as of I think a year or two ago, since 2008 the top hundred land holders had doubled their holdings. So any land that can cover its maintenance costs and produce,” she says

You know they want land. They want a core position in precious metals. The savvy investor wants income producing real estates.

“Our 3rd quarter wrap up is on mega-cities and the urbanization. Part of that we have lists of all the real estate stocks. You’ve had an explosion in real estate stocks around the world,” Austin Fitts says.

There’s been a real push to get people out of ownership and into renting because income producing real estate is one way to produce yield in a world where yields are going down. And so the wealthy want their money in income producing real estate.


Austin Fitts advises clients that operating companies are still the best investment worldwide. “The best investment to me still are operating companies that do the business of the world and are very useful,” she says. “That produce a cash flow, can produce a dividend. You know most of them are sort of quiet and unsexy, basically can turn two plus two into four. And they do important things. They can produce the dividends. One of the reasons I love the railroads. I’ve always loved the railroads. They carry stuff from here to there and they produce a dividend.”

So an important question for those trying to put their family in a position to survive through corporate investment is, How can we find operating companies that have the endurance to make it through this global financial transformation?

“Because if you look at the change that’s happening in technology – you know we’re about to go up an S curve and the changes are dramatic,” Austin Fitts says. “And a lot of companies are not going to make it. There’s a big shift – I call it the shift from global 2.0 to 3.0 – so that shift is going to go on, and the question for most people is, where is the operating company that can lead through this shift and continually produce a dependable cash flow?”


What’s there not to love about precious metals? They carry a negative cash flow, for one, says Austin Fitts on USAwatchdog.com.  “You know I love precious metals but it’s got a negative cash flow. And it’s one of the reasons why I would love to see local currencies using their gold and silver as local currencies because then you could start to provide a lot more utility with precious metals.”

Although there does seem to be a push by the Trump Administration for local communities to take a greater lead in financial transformation, there does not seem to be a realistic likelihood we’ll be seeing local currencies backed by gold in America anytime soon.

America doesn’t have any gold. We’re more likely to see a single global currency before that, beginning with The IMF, the SDR, and cryptocurrencies.

As for precious metals, like any investment asset, there are tax issues to deal with. In California, the state takes a huge chunk out of any incentive to buy precious metals and any profit one might make by doing so.

“You got to get the states to take off the taxes. They’ve got to take off the sales tax from gold and silver. I live in Tennessee. We’ve been trying hard to get the sales tax taken off and that’s one of the things you have to do,” Austin Fitts says.

But her big push again is local communities with their own unique currencies. “I will tell you if you want an explosion of wealth in America the way you do it is you would allow local communities to do local currencies. Community currencies could create tremendous wealth in America but they would definitely cut into the market share of the dollar. You couldn’t use the dollar to drain communities. If they produce a dollar backed by gold – it’s because people are moving out of cash. They don’t trust cash,” she says.

And a new U.S. Treasury note backed by gold is one way to stop the local currencies from happening. Then people will move their cash into precious metals with value.

Above all else, Austin Fitts believes maybe the most important thing to understand for anyone living in the developed world is this: “If you live in Europe and you live in the United States you must understand the rise of the Asian Consumer.”

Another important economic point to understand: the rise of the Asian Empire is a very big, deep money movement. It’s going to have a profound impact on all of our lives. And we all need to look at it. We need to understand it and how it will impact our family’s future.

“You need to think about it, and you need to understand how you are going to deal with it,” Austin Fitts says. “Everybody’s different, so there’s no magic formula, but you need to understand what it’s going to mean to your life. It’s a tsunami, and it’s underway now.”

That’s why we need to keep this conversation going. The discussion level can be raised so that maybe we can develop a roadmap on how we’re going to get through this. We can do it. Our families depend on it.

We can build a pathway through all this financial devastation that has befallen us all at once, but we can’t do it with fake stories, fake news, fake maps. We need to find the truth if we’re going to understand our world and succeed in it.