I’ve Been Waiting For the End of the Financial System for 3 Years- What Now?

the endWaiting on the mountaintop can get lonely and cause you to question your deepest held beliefs. For a while, it is a great party, sitting there with your closest friends, closing 401K accounts, buying silver, telling stories, singing “Any Minute Now.”
But weeks, months, and now 3 years pass and the end doesn’t come. What now?



By Dr. Jerome, TFMetalsReport:

In our case, we didn’t go to that mountaintop because some charismatic leaders with an oratorical gift “persuaded” us to sell our goods, buy a newsletter subscription and go all in. (By the way, anybody seen that guy lately?” No, we read, studied, looked at charts, compared it to the silver charts and saw that silver had moved from the teens into the mid- twenties. We saw a few other signs of the times too:

  • Jobs continually exported
  • EZ credit, liar loans and a housing bubble
  • A housing crash
  • The collapse of Lehman & AIG
  • 60% loss in my retirement account (what a sheep!)
  • Zombie banks. Citi stock at $1, BOA at $5
  • Congress taking desperate actions
  • An endless string of wars
  • Bechtel, Halliburton, & other big boys rebuilding what the military just bombed
  • Unemployment rising
  • Government subsistence rising
  • Corporate austerity at my job
  • No promising political or economic solutions

As I looked around the economy, I didn’t see any shiny spots except for the precious metals. And because I am a researcher at heart I started reading everything I could find. That’s when I came across this new term: Keynsianism. Oh, how I love –isms—I love to study them, debate them, examine their evolution out of previous -isms. And after all that thinking  and reading, debating in numerous long hallway discussions with two other PhDs in History and Political science, I concluded, as did most of you, that Keynes was an academic propagandist who invented an intellectual foundation to justify fiat currency systems, to explain, predict, and control their development once a nation left the gold standard.


This fine Keynsian system, as I learned, placed that control over nations in the hands of a few policy setters. I learned that these policy setters were not elected government officials. I also learned that most of them cut their teeth working for the same few Wall Street banks. Talk about things that make you go “Hmmmm….”
This was my enculturation into a faith in precious metals as I became a fiat apostate. Then, considering that long list of “signs,” a list that seemed to grow each week, I went over the deep edge and began purchasing metals with every extra piece of fiat that came to me. We also began preparing to be self-sufficient with a stock of goods to get us through the first year along with farming supplies to make the full transition. I found myself on the mountain top with my wife and kids, waiting. Was I being unreasonable in the summer of 2011?

But the end never came. The kids grew cynical. Pressing demands required that I look down below.

My employer became another “sign” as I recognized the psychopaths running my institution. My blood pressure was too high, and I was gaining weight, eating to relieve stress. The world was not ending.

Some time ago, I’m not quite sure when, I moseyed down from the mountaintop and stopped looking for black swans with my ZH brand telescope. I had seen a few of those swans—MFGlobal collapse, Greek default, Cyprus bail-in, near defaults of key financial platforms—but fiat banksters shot down each black swan and buried them under newspapers filled with Kardashian stories.

I found another job and moved. My blood pressure and weight are back to normal. And the end has not come yet. My “net worth” in fiat has also been cut by 40%, but I consider the time a “gift” to add to our nest egg at lower prices as well as build a sustainable lifestyle in a new city. And something became apparent…

The world’s central banks were panicking, acting quickly, decisively, desperately, and illegally to stave off the effects of crumbling portions of their Keynesian system. Moreover, they were hiding these actions from the world with a simple dearth of media coverage. Only the crazy, cult-like conspiracy theorists in the underbelly of the internet were discussing these things.
Today, I am somewhere on the mountainside trying to get ready for a new life. We have made some firm decisions that help us establish a life there.

  • We are leaving the banks, paying off all loans.
  • We keep our old cars running, rather than buying new ones every 3 years.
  • We invest in gold and property for the long-term—a 30 year plan.
  • We heat with sunshine and a little wood (American southwest is good for that).
  • We invest in renewable energy sources (solar electric) for our home.
  • We recycle everything we can.
  • We rotate a one year supply of food through our pantry, just in case.
  • We are planning large garden because it’s fun and healthier.
  • We shop at the farmers market and avoid Walmart.
  • We try out entrepreneurial opportunities to earn income.
  • We conserve water.

With this new, different, anti-consumerism lifestyle, I find that we fit in well with the American culture around us. They have a little box to put us in. We are “environmentalists.” The arguments one must make to justify any of these lifestyle changes have been made by others in the mainstream media. I don’t have to explain or justify myself to friends, colleagues and relatives—and they approve. I even wear weird hats now.

I am also becoming convinced that waiting on the mountaintop is for religious cults, not sensible people who are establishing a life that is more resilient to economic and political upheaval. We have seen war, political and economic disaster strike nearly everywhere but in the US in the past century. We know how tough life can get after an economic system breaks down and a nation does not have the mature leadership who knows how to rebuild. But people develop black-market economies. Most survive and eventually, sometimes years later, life settles into a new normal.

People who are happily snoozing in the typical American lifestyle are in grave danger. They keep up with the Jones with a large home mortgage, and two car payments. They shop at the latest outlets and become merely consumers, laden with credit card debt for the latest electronic gadgets, retirement invested in Wall Street, and living hand to mouth with a stagnant paycheck while their home value erodes, prices inflate, and the dollars in their checking accounts lose value each year. These folks live in fear of a layoff, then ride the government gravy train into poverty and bankruptcy when that sacred “job” gets outsourced, believing that next month things will get better. They know that half of their earnings end up in the hands of bankers through interest and fees, but do nothing about it. They rely on the stores for all their food and supplies, even though they have seen the shelves go bare 24 hours in advance of a big snowstorm.

And all of their long term investments are in the form of paper instruments managed by the Wall Street banking and investment machine.

This the “All is Well” cult. They live in a fertile valley and have been persuaded by the marketing industry that our American lifestyle is desirable and stable. They lean on the “Full Faith and Credit of the US Government” just as surely as I lean on my personal faith in Jesus. Their attitudes and beliefs about money are formed, and shaped by the “financial experts,” because modern money is just too difficult for anyone but the experts to understand.

The main difference between their cult and mine is this: I have faith that current economic policies are failing and that paper wealth will be bailed in. They have faith that QE worked, the economy is recovering and that markets are stable and safe. What do you believe and why? What are your reasons? Do you know what they are and can you articulate them to yourself? Or are you blindly following a crowd.

Unfortunately, the fiat system broke in 2008 and the central planner repair of QE has only kept it from death, but has not made the economy healthy again as promised. In the meantime, the doctors at the BLS assure us the patient is recovering, while the FED slows down the QE drip next to the bed and speeds up the Belgian intravenous drip of US treasury buying hiding behind the curtain. But our consumer-based, media controlled system continues to proclaim that we are in an economic recovery, that all is well… and if you don’t feel it yet, just be patient. What do you believe, and why?

So these folks continue to sit in the valley of Alliswell as the floodwaters of economic disaster slowly rise around them. And so I ask, who is the fool? The consumer-cult crowd, beset with normalcy bias, and unaware of world events that WILL affect the lives of everyone on the planet, or the person getting educated and taking action?

Personally, I cannot live in a large city any longer. My risk/reward buzzer starts going off when I consider it.

Thus, the purpose of my rant here is to call people down from the mountaintop to establish a sustainable long term life on the mountainside where you are safer from the disaster below, and to call those in the valley of Alliswell to remove their blinders, to become informed, start climbing up to the mountainside where you have a view, where the rain falls more regularly, and where you can build a very enjoyable prosperous life. I argue that life on the mountainside has the best chance of surviving any potential disaster that may come. With a community of like-minded neighbors, with useful skills, you will find people who will stand beside you and protect what you have built together. It also meshes very nicely with this ubiquitous fiat-system (while it lasts) and allows you to still draw wealth out of it and invest for the long term.

I am not quite there yet. If you come to my home, you’ll see stacks of supplies here and there, projects in various stages of completion, and a family trying to survive in a tough economy. My priorities are divided between duties to my employer and reestablishing life. I also wish to purchase acreage in the country for my “get-away cabin.” It’ll be a nice “environmentally friendly” vacation place, in the eyes of my valley-dwelling friends and relatives, but eventually we shall have all we need for a self-sustaining life with a community of neighbors.

It is nearly impossible to persuade people you love from a distance. Those in the valley of Alliswell know that something isn’t right. Yet they still trust their cultish leaders and do not see the mountaintop as a reasonable place to go. I think they are right about the mountaintop.
Why not ask them to move uphill with you to a safer place. Perhaps that means out of the city to a small town or rural setting with at least an acre. Perhaps that means self-employment or a useful skill or trade in a smaller economy? Certainly it means to a healthier lifestyle free from bankers and corporate leeches that suck out our financial lifeblood. Certainly it means relocating wealth from the paper system into homes, land & commodities that will serve you well in this economy and the one to come.

Whatever you do, it is a big decision. But there are reasonable options.


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  1. Boston Tea Party was in 1773.  Constitution didn’t go into effect until 1789, 16 years later.  It must have seemed like an eternity for George, Tom, Ben, and the guys. 

    • No doubt that it did… especially since they were all branded as traitors by one of the most powerful governments then on Earth.  They pledged their lives, their fortunes, and their sacred honors on establishing this country.  Every American alive today should hang their head in shame at what has been done to this country.  The further we get from our founding principles, the worse things will get for us.  It is MORE than time to return to those principles.

  2. We will probably all be dead before things drastically change.

  3. What in the Hell are you crazy people talking about????
    (shaking head)…..There’s no financial “crisis”……..I still have checks in my checkbook.

  4. The US produces from 30-35 million ounces of silver a year. That doesn’t even cover Silver Eagle production. I think at some point foreign sources of silver will dry up but, any number of events could occur to cause PM’s to rise.

  5. A very reasonable perspective.  Unfortunately property values in my neck of the woods has become unreasonable due to fracking.  Maybe, once they drain the wells dry, the prices may fall back to earth.  Until then, its the old homestead for me.

  6. What are people to do ?
    My grandfather use to say, “You can put a silk hat on a sow, but in the end it`s still a sow.”
    Do I need to explain that to you?

  7. Nice article….I feel you. Most of us do, I think, especially where the Alliswell folks that are our relatives, friends, and neighbors reside.
    Here’s a saying.  I don’t know where I picked it up, but I say it all too frequently to the Alliswell group:
    “Its better to be a YEAR EARLY, than ONE DAY LATE”!  If that doesn’t give one pause, then there is nothing to do but let them be!
    Again, enjoyed the read,  thanks.

    • @silverrrrr
      ““Its better to be a YEAR EARLY, than ONE DAY LATE”!  If that doesn’t give one pause, then there is nothing to do but let them be!”
      Well, that’s the true hell of it, isn’t it?  It DOESN’T give them pause.  Most of them just get a glassy-eyed stare for a couple of seconds… and then continue on as if they hadn’t heard a thing we said.  As in the superb sci-fi novel by Peter F. Hamilton, there truly IS a Reality Dysfunction, and it is in the minds of the sheeple.  Normalcy bias is not resolved easily, if at all.  But, sometimes a sufficiently great shock WILL cause people to think what was formerly unthinkable.  Such a shock has yet to occur in the US but it is likely that it will one of these days.  When it does, it will be a severe blow to the normalcy bias that currently controls most sheeple.  Who knows?  It might even result in a new and much greater wave of stackers in this country.  At a guess, this is likely to take the form of a bank holiday, severe stock market crash, or bank bail-in before the gears start to turn at long last.  I plan to look into their stunned and hysterical eyes when they announce the financial difficulty and reply with a calmly blank expression, “Yeah.  So?”.  ;-)


  8. @Woolly:  You’re such a gem!

  9. Dr Jerome
    Nice write! Yeah I remember back in 2007 onwards proclaiming in evangelistic fervour to friends, family….well anyone who’d listen about the virtues  of the currency metals. Synonyms of  Crackpot through to those knowing looks were the usual response to my ravings. I too have learnt to chill out take a long term view, buy the dips, relinquish obsessional surveys of market changes, stock prices, yardy yah dah. LOL.
    Love the year early rather than day late comment by silverrrrrr. As my username implies zzzzzzz go into hibernate mode whatever time it takes. I’ve simply adopted a fundamental view. Stack and Slack.

  10. I’m nowhere near ready, so I’m thankful the bottom hasn’t fallen out yet.  I need just a few more Silver Maples, a bit more fiat currency ( to hold us over until only gold and sliver work as money ), some more food in the pantry, maybe that job and home down south in Belize, and maybe if there’s time, that ’57 Chevy BelAir 2-door hardtop I’ve always wanted.   My high school’s 50th reunion is this year, and I’m still not ready for ‘old age’.

  11. I’m not on a mountain top … I’m in a fucking rut !

  12. Having always lived on the edge of broke a collapse to me means same old same old. Garden will be going in a few weeks as weather warms, I have a source for beef and pork, looking to keep a few meat chickens each year if I can get the city to give me a variance(edge of town, farm field 2 sides). So life will continue, I got badly burned on my 401k and now will only hold PM’s as backup.
    Most people who haven’t lived life on the edge like I have will not make it during the coming crash. One person I talked to was totally grossed out when I told her I have pulled a radish or carrot from the ground, rubbed off the dirt and ate it. She told me that will kill me, I told her that her carrots come from the dirt too, dirt that is fertilized with toxic manure from factory farms that is loaded with bacteria. I use well composted horse manure from the neighbor so I am not to worried about catching anything!

    • This city boy person has a contagious disease.  It’s called idiotosis.  It’s terminal.

    • No doubt whatever that MaryB’s experience will stand her in good stead when the SHTF.  BUT… I find solace in the thought that we CAN learn from each other without having to have paid the piper for that education.  Those of us who need not learn only by doing CAN learn from the experiences and comments of others… and this site provides some darned good examples of what to do and what not to do in any number of circumstances.

  13. The moral of this story is patience. An your probably not as ready as you think you are. A person can stack Silver and Gold, stack food and supplies. But are you ready? It`s going to take more than silver and food. It`s going to require an absolute, single minded person to prevail. Camoflage your efforts, because if you don`t, sure as hell somebody is going to ty to take from you. If this happens, no amount of range practice will prepare you for what comes next. you can`t learn grit teeth, and steel will at the range. The will to survive is in all of us, but it`s not evenly distributed. Some have more, some have less.
    We shouldn`t wish for the  disaster ahead. But, we should prepare for it`s arrival. It wont be fun, I can assure you of that. No amount of wealth will insulate you from the ugly truth, should we all be right about the future.

    • Agreed @Silver Dollar.  Your comments are the adult version of what is often said hereabouts.  Stacking supplies, moving to a small community, and becoming much more self-sufficient are not about thriving and having a good time but about gritty gutsy survival… managing to continue living when others nearby are failing to achieve that goal.  It will be hard… harder than most of us can possibly imagine.  We underestimate this difficulty at our peril.  But it IS possible through planning, hard work, and sheer determination.

  14. The sentiment of the writer here is awesome. Glad to hear that there are some people in the pm’s community that have been able to move on and keep a positive perspective. Don’t get me wrong, the last 3 years have not shaken my faith in God’s plan and our place in eternity. That has nothing to do with the fact that there are literally dozens of so called experts featured on these blogs who have totally betrayed our trust.You spoke with authority and we trusted you;as it turns out,you were wrong.You have cost many believers more than you know and yet you continue in your pride to hold onto your positions that have been proven to be false. You may ultimately be proven correct but as of today Friday,May 9th,the whole bunch of you are a laughing stock. Cheers from a jilted silver lover.

    • Do not love Silver because it will be priced higher and will make you rich; love Silver because it is sound and honest money, and is a true store of wealth.  Sound and honest money is the foundation for a sound, honest, and sustainable economic system.

  15. I like PMs for different reasons than many of the hardcore survivalists.   I’m practicing financial survival.   Silver is good value vs almost all other goods/commodities (and EVERY paper currency), and the buck is going to keep losing value slowly, and SOMETIMES QUICKLY, and sometimes without warning! 

    • @Slvizgold
      I wholeheartedly agree with your statement …. I look at my stack as a financial insurance policy, one which I don’t ever want to have to “cash in” and possibly be able to pass along to my kids.
      I have no problem with the survivalist mindset of total self-sufficiency, but I don’t feel that we will HAVE a total economic breakdown for more than a few months. Those who are prepared with do better for a while , perhaps much better (especially those with skill sets and not just PMs), but studying other financial breakdowns throughout history suggests that even most of those totally unprepared will survive until the economy resets. This reset may take many years to fully recover, but history says it will happen.

      PM’s will be especially beneficial in two periods … at the start of a financial collapse and after the reset has been firmly established. In the former your PMs (especially silver) will buy you supplies that you need to live, and during the later where you will be able to purchase undervalued assets (gold is perhaps better here due to the bulky amounts needed). In the period between the two PMs might be of limited use.

    • The elephant in the room in this analysis and blind spot in most prepper’s consideration is what to do about the Geoengineering program dusting us all at the whim and fancy of the programs’ operational control. Its been over 10yrs where the Geoengineering studies track fallout distributions and wind patterns to fine tune the dispersal rates. My question is: whom is loading the drums and what are the contents of those drums? You can have a lifetime of preps, exercise your 2nd amendment rights and prepper knowledge, and still not survive a localized biological crop dusting if they decide to clear a prepper region and send the troops in a few weeks later to collect the stockpiles post collapse. IMO; this is the reality of what Eisenhower feared 50 years ago when he warned us of the MIC and Kennedy feared when he warned us of Secret Societies. When you can print fiat without limit to fund psychopathic programs like Geoengineering spray programs, and the population does nothing to fight it; the war is lost. We don’t have any idea how this is going to shake out.

    • silverseeker ….. you sure you have posted this in the right thread?

    • @silverseeker123
      You sound like someone who seeks a guarantee.  Unfortunately, there are NO guarantees in this life… except for perhaps, death, taxes, and life being a bitch most of the time.  All we can do is our best.  After that, it’s up to God.

  16. A conversation that took place on the mountaintop
    “When you can snatch the silver from my hand, Grasshopper, you can leave the mountaintop

    What if we had never bought silver?  
    Would we know what we now know today?

    What if we had never invested in silver?
    Would we have become acquainted as we have today?

    What if we had never held silver for 3-5 years?
     Would we have otherwise learned patience while conversing with like-minded people?

    Probably not.
    Silver– a great educator.
    Gold–a great emancipator.

  17. Cyberspace Void,
    Yes, I am sure; as the question in the title of the article reads:
    ” I’ve Been Waiting For the End of the Financial System for 3 Years- What Now?”
    I don’t see anything in the article referencing how we might defend against some of the tactics the MIC has developed to navigate through the collapse phase. A majority of preppers are thinking conventionally and logically about how to become more self sufficient and withdraw support of the current paradigm. The MIC has meanwhile devised tactics to limit overt confrontation between the DHS and citizenry. For example; if you consider the current release from Chris Duane; a segment retelling the Spanish Flu epidemic and apply this mentality to current biological warefare technology and the transition phase after a dollar collapse: The need for conventional overt ’national defense’ will likely be minimized. If the dollar does collapse either via an EMP attack, financial ‘panic’ or other planned or unplanned ‘event’, and food and energy logistics break down in this country or elsewhere for a time; localized targeted spraying of areas likely to hold caches of supplies will prove an efficient tactic. The power elite don’t want their ‘Continuity of Government’ DHS agents getting sniped by AR weilding holdouts; better that they clear a sector via a transient ‘Flu’ prior to a supply sweep via release of viral cells that die in the environment within a few days after release unless inhaled. 
    Do you think the agencies running the spray programs are not thinking this way as we stack silver, supplies and weapons? Of course even the personnel loading the drums assume the program is supporting Geoengineering to fight global warming while the data on dispersal rates, etc. is collected.
    Don’t take my word for it; simply refer back to Pres Kennedy and Eisenhower’s speechs, for example; and consider 50+ yrs of psychopaths in charge.

    • I still contend your points are wayyyy off topic.

    • I suppose one could move into a cave on Pitcarn Island in the South Pacific, or an abandoned gold mine in the Rockies, but even there you will die eventually.  So, given the fact of your own demise one day, you just have to do what you’re going to do, and let others, psychopaths or not, do what they will. You can’t worry about every one of a trillion possibilities. As with chess, there are trillions of possible moves, so it is better to just learn some basic principles to deal with the vast majority of circumstances; otherwise you drive yourself crazy.

    • Well said @DanDaley.  All we can do is our best.  That’s ALL there is.  After that, these matters are out of our hands.  Besides, once the SHTF those in charge are much more likely to be worrying about saving their butts than harassing ours.  A lot of this has to do with probability.  Expend most of your effort on those things that are most likely to occur and less effort on those things that are possible but unlikely to occur.  It IS possible that excessive worry about a lot of these things is more hazardous to one’s health than the things themselves.

  18. I contend that most still fail to comprehend the gravity of our situation.

    • Most here would agree with that statement.  But let us be MOST concerned with the things that we CAN affect and less concerned with the things that we cannot affect.

    • These things I have spoken unto you, that in me ye might have peace. In the world ye shall have tribulation: but be of good cheer; I have overcome the world. John 16:33

  19. Like the author, I have been waiting and preparing.  I really figured we would see something after QE II ended.  When it didn’t, I had to reevaluate and it finally dawned on me that these central bankers can keep kicking this can down the road for some time, but not indefinitely.  I believe there are two things that are keeping us afloat, the US Dollar as international currency and China slowly bleeding our wealth away.  It is simply not in the world’s best interest to see the US economy destroyed right at this moment.  Its a tragedy that our survival is in the hands of others, that is not deniable at the time.
    There are things that we know.  We know that interest rates can never return to their somewhat historical norms of 5 or 6 percent.  That would bankrupt the government.  We know the government will never balance its budget so that our massive deficit will only continue to grow.  Our doom is certain, its only a matter of when and for now, I’m glad it still may be a matter of years (not decades), unless the Russians and Chinese, among others, decide that now is the time to end the dollar’s reign.

  20. Ed_B  That normalcy bias you note in the sci fi novel makes me think of the boiling frog anomaly. When tested, the frog did not sit in the water as is was heated.  The frog jumped out when it got to hold. Frogs have  a good thermal detection sense. But, what about the Freezing Frog Hypothesis.   Frogs will estivate in cold weather. They can survive in sub zero temperatures but allowing their bodies to drop below freezing temps.   When warmed weather comes, they thaw and go about their merry way
    I’d think that we, the people, mired in our confirmation and normalcy biases are like the freezing frogs.  As the economic temperatures drop we become torpid and sleepy.  Our economy is slowing dramatically. The average middle class is growing poorer and colder.  That sleepiness that people feel as hypothermia overcomes them seems to be endemic in this country.  We are freezing into a mental and emotional death  in the midst of plenty.  I think that’s the reason we see such blank stares when we tell people of their peril.  A person boiling hot willbe running around trying to cool off and avoid hyperthermia.  Hypothermia dulls the senses, makes a person so confused that they will remove their clothing, thinking that’s a good idea.  Eventually they will fall asleep and die the death of terminal hypothermia
    Freezing Frogs.  That’s what people become.

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