Excerpt: "Sweden... has issued guidance... stockpile 'cash in small denominations' for emergencies... computer networks could be disrupted by terrorism or cyber-warfare..."
Gordon: Cash in a bank isn't money. At least, it's not your money. Perhaps you weren't aware that bank deposits are actually a loan to the bank? Recorded on their books as a liability? If I loan you money, whose money is it? It's yours now. Get the idea? Money in the bank is also an idea. An idea that you can't eat, wear, or live in (food?, clothing?, shelter?). No Internet? Sorry, no debit or credit card. No Paypal. No crypto either. You're back to the Dark Ages: 1992. Got cash?
Excerpt: "...capital flows are going crazy pouring out of Europe into US Equities... I do not think people comprehend that we are staring a crisis in the eyes that is so fundamentally changing with regard to how the world monetary system functions... We are stepping into the great financial unknown... where no economic theory has ever gone.
Gordon: First, if you aren't following Martin Armstrong you do yourself an enormous disservice. That said, money moves where it's treated best. There's the devil you know, and the devil you don't know. In a world rife with slippery financial devils, the devil we know (and love) is the U.S. dollar. Trillions in foreign assets pouring out of Europe and other teetering regimes are propelling U.S. equity markets higher. Shakeouts along the way are engineered to kick enough passengers off the bus so the Big Boyz can buy back in on the dips at special discount pricing. It's all great fun, and can be terrifically lucrative... as long as you're the one driving the bus (or at least following it).
Gordon Philips is a contrarian wealth coach, currency trader and lifetime student of hidden (i.e., actual) history who trusts politicians, academia and the financial media about as far as he can throw a sold gold brick.