Chris Duane founder of Don’t Tread on Me joins Kerry Lutz on the Financial Survival Network to discuss sound money, the inevitability of the coming economic collapse, and his ultimate exit strategy.
Among other topics, Chris delves into the post-collapse world and suggests there is a strong possibility that two different Americas will come out of this:
You are going to see, in metro areas, the absolute worst in humanity, as the people that are most dependent upon a collectivist system, whether they’re these Occupy Well Street people, or people who are loaded up with debt, they are totally unprepared for an economic reality where their paradigm does not function.
As a result they’re going to go through the absolute most disgusting inhumanity that I think any American has ever seen as they go through this anger phase – and it’s going to result in riots, and starvation and bloodshed.
It has to happen. You don’t have people’s life savings and people becoming desperate and not have that happen.
The majority of our fellow citizens since the Baby Boomer generation have been spoon fed a paradigm of debt, dependence, and central control since birth. For the last seven decades we’ve known nothing but good times, with a handful of recessions mixed in. Half of the households in America receive some sort of government support in the form of food stamps, medical care, retirement distributions or other entitlements. We have become wards of the state.
As we’ve vehemently argued in previous commentaries, this system of entitlement and government support simply cannot be maintained over the long term. The entire country, from individuals, to local governments, to states, to the Federal government itself, is completely broke. There is no way – NO WAY – that this debt will ever be repaid at today’s dollar valuations, and much of this debt will result in flat-out default.
Governments on all levels will be forced to implement austerity measures that include wage decreases, layoffs, and pension cuts. Prices for basic goods and services will continue to rise. As prices rise and the dollar’s value dwindles, the disbursements from government will not increase, thus people’s checks will purchase fewer and fewer goods.
Those who are in debt and failed to prepare for a new paradigm will be left with nothing. And we know what happens when people lose everything and they have nothing left to lose – they lose it.
The paradigm is shifting, and you can either pretend it isn’t, or get ready to live in a different world. It’s coming whether we like it or not. Kerry Lutz points out that, historically, some people got it and made the necessary adjustments, while others were left impoverished:
It’s interesting you mention when an old paradigm dies and a new one takes its place. There are people who are still connected to the old one and can’t conceive of life without that old paradigm. I think you saw that in the Great Depression. A lot of people never recovered from it because once that hit it was the end of their lives.
We have a choice now, to get mentally, physically, spiritually and financially prepared for what’s coming. This includes a variety of different strategies including investing in assets and skills that will survive an economic collapse, changing your environment (such as moving out of major cities), and creating new lifestyle habits that are not dependent on debt or even the monetary system as we know it today to survive (things like bartering and personal food production).
Listen to the full interview:
Check out Kerry Lutz’s informative guests and interviews at the Financial Survival Network
Watch Chris Duane’s video The Ultimate Exit Strategy