Best of the Week
Most Popular
1. US Housing Market Real Estate Crash The Next Shoe To Drop – Part II - Chris_Vermeulen
2.The Coronavirus Greatest Economic Depression in History? - Nadeem_Walayat
3.US Real Estate Housing Market Crash Is The Next Shoe To Drop - Chris_Vermeulen
4.Coronavirus Stock Market Trend Implications and AI Mega-trend Stocks Buying Levels - Nadeem_Walayat
5. Are Coronavirus Death Statistics Exaggerated? Worse than Seasonal Flu or Not?- Nadeem_Walayat
6.Coronavirus Stock Market Trend Implications, Global Recession and AI Stocks Buying Levels - Nadeem_Walayat
7.US Fourth Turning Accelerating Towards Debt Climax - James_Quinn
8.Dow Stock Market Trend Analysis and Forecast - Nadeem_Walayat
9.Britain's FAKE Coronavirus Death Statistics Exposed - Nadeem_Walayat
10.Commodity Markets Crash Catastrophe Charts - Rambus_Chartology
Last 7 days
Silver Bull Market Update - 7th Aug 20
This Inflation-Adjusted Silver Chart Tells An Interesting Story - 7th Aug 20
The Great American Housing Boom Has Begun - 7th Aug 20
Know About Lotteries With The Best Odds Of Winning - 7th Aug 20
Could Gold Price Reach $7,000 by 2030? - 6th Aug 20
Bananas for All! Keep Dancing… FOMC - 6th Aug 20
How to Do Bets During This Time - 6th Aug 20
How to develop your stock trading strategy - 6th Aug 20
Stock Investors What to do if Trump Bans TikTok - 5th Aug 20
Gold Trifecta of Key Signals for Gold Mining Stocks - 5th Aug 20
Stock Market Uptrend Continues? - 4th Aug 20
The Dimensions of Covid-19: The Hong Kong Flu Redux - 4th Aug 20
High Yield Junk Bonds Are Hot Again -- Despite Warning Signs - 4th Aug 20
Gold Stocks Autumn Rally - 4th Aug 20
“Government Sachs” Is Worried About the Federal Reserve Note - 4th Aug 20
Gold Miners Still Pushing That Cart of Rocks Up Hill - 4th Aug 20
UK Government to Cancel Christmas - Crazy Covid Eid 2020! - 4th Aug 20
Covid-19 Exposes NHS Institutional Racism Against Black and Asian Staff and Patients - 4th Aug 20
How Sony Is Fueling the Computer Vision Boom - 3rd Aug 20
Computer Gaming System Rig Top Tips For 6 Years Future Proofing Build Spec - 3rd Aug 20
Cornwwall Bude Caravan Park Holidays 2020 - Look Inside Holiday Resort Caravan - 3rd Aug 20
UK Caravan Park Holidays 2020 Review - Hoseasons Cayton Bay North East England - 3rd Aug 20
Best Travel Bags for 2020 Summer Holidays , Back Sling packs, water proof, money belt and tactical - 3rd Aug 20
Precious Metals Warn Of Increased Volatility Ahead - 2nd Aug 20
The Key USDX Sign for Gold and Silver - 2nd Aug 20
Corona Crisis Will Have Lasting Impact on Gold Market - 2nd Aug 20
Gold & Silver: Two Pictures - 1st Aug 20
The Bullish Case for Stocks Isn't Over Yet - 1st Aug 20
Is Gold Price Action Warning Of Imminent Monetary Collapse - Part 2? - 1st Aug 20
Will America Accept the World's Worst Pandemic Response Government - 1st Aug 20
Stock Market Technical Patterns, Future Expectations and More – Part II - 1st Aug 20
Trump White House Accelerating Toward a US Dollar Crisis - 31st Jul 20
Why US Commercial Real Estate is Set to Get Slammed - 31st Jul 20
Gold Price Blows Through Upside Resistance - The Chase Is On - 31st Jul 20
Is Crude Oil Price Setting Up for a Waterfall Decline? - 31st Jul 20
Stock Market Technical Patterns, Future Expectations and More - 30th Jul 20
Why Big Money Is Already Pouring Into Edge Computing Tech Stocks - 30th Jul 20
Economic and Geopolitical Worries Fuel Gold’s Rally - 30th Jul 20
How to Finance an Investment Property - 30th Jul 20
I Hate Banks - Including Goldman Sachs - 29th Jul 20
NASDAQ Stock Market Double Top & Price Channels Suggest Pending Price Correction - 29th Jul 20
Silver Price Surge Leaves Naysayers in the Dust - 29th Jul 20
UK Supermarket Covid-19 Shop - Few Masks, Lack of Social Distancing (Tesco) - 29th Jul 20
Budgie Clipped Wings, How Long Before it Can Fly Again? - 29th Jul 20
How To Take Advantage Of Tesla's 400% Stock Surge - 29th Jul 20
Gold Makes Record High and Targets $6,000 in New Bull Cycle - 28th Jul 20
Gold Strong Signal For A Secular Bull Market - 28th Jul 20
Anatomy of a Gold and Silver Precious Metals Bull Market - 28th Jul 20
Shopify Is Seizing an $80 Billion Pot of Gold - 28th Jul 20
Stock Market Minor Correction Underway - 28th Jul 20
Why College Is Never Coming Back - 27th Jul 20
Stocks Disconnect from Economy, Gold Responds - 27th Jul 20
Silver Begins Big Upside Rally Attempt - 27th Jul 20
The Gold and Silver Markets Have Changed… What About You? - 27th Jul 20
Google, Apple And Amazon Are Leading A $30 Trillion Assault On Wall Street - 27th Jul 20
This Stock Market Indicator Reaches "Lowest Level in Nearly 20 Years" - 26th Jul 20
New Wave of Economic Stimulus Lifts Gold Price - 26th Jul 20
Stock Market Slow Grind Higher Above the Early June Stock Highs - 26th Jul 20
How High Will Silver Go? - 25th Jul 20
If You Own Gold, Look Out Below - 25th Jul 20
Crude Oil and Energy Sets Up Near Major Resistance – Breakdown Pending - 25th Jul 20
FREE Access to Premium Market Forecasts by Elliott Wave International - 25th Jul 20
The Promise of Silver as August Approaches: Accumulation and Conversation - 25th Jul 20
The Silver Bull Gateway is at Hand - 24th Jul 20
The Prospects of S&P 500 Above the Early June Highs - 24th Jul 20
How Silver Could Surpass Its All-Time High - 24th Jul 20

Market Oracle FREE Newsletter

How to Get Rich Investing in Stocks by Riding the Electron Wave

Preparing For Financial Disaster

Stock-Markets / Financial Markets 2015 Mar 09, 2015 - 02:24 PM GMT

By: Dr_Jeff_Lewis


The other day, I overheard a conversation among a group of concerned Californians. They were having a debate about how they might be prepared for the next really big earthquake. 

Most folks living in the North Ridge area, and where I am located in northern California, are certain that the ‘big one’ will hit some day. There are probabilities based on geological historic data. Based on that data, we know it will happen, we just don’t know when. Consequently, the majority do nothing about it. 

For a variety of reasons, it always makes me happy to hear people discussing preparedness. Partly because it is relatively simple and inexpensive to cover the basics and also because it’s a fascinating topic in its own right. It also means that, deep down, people are capable of expanding and acting on their understanding of what they should do in an emergency. 

But I never get used to hearing--or rather NOT hearing--much discussion about the monetary side of this discussion. That is, simply protecting or preserving some, even small amount of personal financial wealth. Why is it so easy to leave out the monetary portion of the earthquake kit? Monetary and wealth concerns should be a central component of any emergency kit--not a peripheral. 

Granted, as a precious metals focused commentator and analyst, I’m somewhat biased. That’s fine with me. We can acknowledge bias without letting it define us. 

To be fair, I did hear mention of ‘economic collapse’ in the discussion I overheard. But it was made in jest - the MadMax card so often thrown into the fires of these discussions as a way to avoid thinking through a potentially complicated series of events that will eventually unfold. (Indeed, propaganda has been very effective at assigning meaning to possibilities, like financial collapse). 

Yet, when it comes to the economy and finance, any hint of collapse, or any euphemisms used to describe it activates the conspiracy radar in many of us. Mention ‘dollar collapse,’ “bank closures,’ ‘another Lehman event,’ and of course ‘hyperinflation,’ and you’ve tapped into the irrational mind. 

This is where I felt I had to chime in--for better or for worse.

The shame is that we have more historical, as well as current evidence/indicators, showing we are headed toward another, bigger financial/banking crisis from ongoing chronic conditions to a high risk of outright collapse. 

In the developed world, the financial system runs solely on the confidence of electronic credit. This, in turn, fuels a massive consumer economy that is dependent on that credit to enable the delivery of food, energy, and services in a just-in-time manner. This system of credit functions on a network with very little underlying redundancy, which means that once a few main nodes go down, the whole thing goes down. It would be as if one great big fault line ruptured everywhere. 

You don't need a conspiracy-minded viewpoint to know what caused the series of events leading to, through, and beyond the last crisis (and the one before that and the one before that!). To this day, the issues that caused the last financial panic have not been solved--they were simply swept under the carpet. 

Nothing was fixed. No measures were implemented to prevent the same 'accidents' from happening again. We have more debt and less organic capacity to manage it. We have only a printing press maintained, literally, by those who profit most from it—the government and Wall Street Banks. 

In fact, we are much more fragile as a result of the concentration of power that grew out of the so called 'solutions' to the last crisis. 

All that is left is the same track we’ve been on: Creating money and credit from nothing, further distorting the flow of productive capital, thereby generating a positive feedback loop that is impossible to stop. 

It is  only well known, accepted, and 'available' policy measures for counteracting such a crisis (dropping cash from helicopters, creating more credit out of nothing) would simply make it all much worse and lead to the same situation every fiat currency that has ever existed inevitably experienced. 

One study by David Korowicz, Financial System Supply-Chain Cross-Contagion: A Study in Global Systemic Collapse ( ), looked at the fuel strikes that occurred in England in the beginning of this century. In a matter of days, everything stopped. Grocery stores emptied, hospitals shut down, and banks closed. 

Speaking to this crowd I pondered aloud:

One might want to ask oneself who the voice is inside your head who is saying, "This can't happen here." 

After you listen and learn the answer to who that is, maybe you’ll decide it’s time to forget about the guns, MadMax, bunkers, prepper television shows, and consider having a little more food, water, medicine, liquor, cash, and a maybe a few hundred dollars’ worth of old silver, dimes, and quarters. 

For more articles like this, and/or for a breath of fresh silver market reality amidst the stench of denial and technically meaningless short term price obsessed madness, check out

By Dr. Jeff Lewis

    Dr. Jeffrey Lewis, in addition to running a busy medical practice, is the editor of

    Copyright © 2015 Dr. Jeff Lewis- All Rights Reserved Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Dr. Jeff Lewis Archive

© 2005-2019 - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.

Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules