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A Hard Reset Coming

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USS Wyoming?

[Article by TDV Correspondent Gary Kinghorn]

You cannot make this stuff up. The Cheyenne, Wyoming Star-Tribune reported last week that state representatives advanced legislation to launch a study into what Wyoming should do in the event of a complete economic or political collapse of the United States. The task force would look at the feasibility of Wyoming issuing its own alternative currency (OK, good so far), and “examine conditions under which Wyoming would need to implement its own military draft (Really?), raise a standing army (to fend off looters from Idaho, no doubt), and acquire strike aircraft and (wait for it…) an aircraft carrier”.

Now, folks, there are some pretty bizarre hypothetical scenarios where you could see, maybe, California thinking about buying an aircraft carrier, but one of the last states that needs one is Wyoming. I know Cheney is from Wyoming and all, but, it’s a land-locked Rocky Mountain state that doesn’t even have a decent-sized lake!

And perhaps it goes without saying, but, one of the reasons the U.S. economy will eventually collapse is because they bought too many aircraft carriers and stuff like that, as opposed to letting people spend their money in more profitable ventures. So, how do Wyoming state legislators justify this?

“I don’t think there’s anyone in this room today what would come up here and say that this country is in good shape, that the world is stable and in good shape — because that is clearly not the case,” state Rep. Lorraine Quarberg, R-Thermopolis, said. “To put your head in the sand and think that nothing bad’s going to happen, and that we have no obligation to the citizens of the state of Wyoming to at least have the discussion, is not healthy.”

I think what it comes down to is that people are just worried. The writing is more than on the wall. People are prepping. A hard reset is coming. Preppers are stocking up on canned goods and ammo. Survivalists are buying homes in the country. Smarter folks are buying homes in other countries. They’re getting second passports and loading up on precious metals. Heck, even countries are loading up on precious metals.

The fact that our current trajectory is unsustainable isn’t news. The economy and our social fabric are like a plane that has lost an engine. But rather than giving up altitude and maintaining airspeed until finding a level place to land, we are trying to maintain the illusion of level flight as long as possible, increasing the angle of attack of the wings, losing airspeed until we fall out of the sky like a rock. In prolonging the inevitable we have doomed ourselves and our progeny to a worse fate than otherwise required. Perhaps this was the plan from the beginning. Perhaps it was inevitable given our “live for the moment” mentality and an “every man for himself” attitude that passes for western culture these days. [Note: If you haven’t read Jared Diamond’s “Collapse”, it’s a fascinating study of the culture of self-destruction, or better stated, the self-destruction of cultures.]

Our hard reset will be the realization that that which cannot be sustained won’t. After the chaos of the reset a new steady state will be reached. Perhaps sustainable this time. Perhaps not. The best advice I can give you is not to invest in an aircraft carrier. The next best advice I have is to get liquid, i.e., liquidate your liabilities and convert a reasonable number of remaining assets to something both tangible and portable. As global economies are currently slowing and businesses closing in record numbers, there are reports of astronomical auction amounts for fine art, jewelry, rare collectibles, etc. They may not be the obvious choices of assets that will emerge with higher values on the other side of the hard reset, but they are a lot better than some. Still I prefer something you don’t have to haggle over the value of in a bread line, like a nice silver coin, or something more divisible than Rembrandt.

At least three of your Dollar Vigilante correspondents have elected to put on parachutes and are planning their escape route to Cafayate, Argentina. Which reminds me of one of the most overlooked aspect of “prepping”. In the new world that emerges on the other side of the hard reset, who are you casting your lot with? Is it just you in a cabin in Montana with some guns and tomato plants? Or will you be one of tens of millions looking back to big government for safety and your next meal? The New World Order will be offering a “deal” for your allegiance in troubled times. My strong advice will be not to take it.

As much as I have loved and benefited from American ideals, I can’t cast my lot with the large hordes of needy, slothful and dependent, which is what we’ll have after the reset. This is why Cafayate has such appeal. It’s a chance to come together with like-minded individuals and build a community that can not only weather the storm, and support each other in rough times, but far enough away from the hordes that you’ve got a chance to keep your Rembrandts in one piece.

So my final piece of advice for today is to get to know your neighbors. Few are going to make it through troubled times alone (without their own aircraft carrier anyway). I love all my newfound neighbors in Cafayate and I’m looking forward to heading down and seeing them all again on March 12-23, and maybe a good number of you TDV readers as well. Doug Casey and team put on a great feast and it may be arguably the most interesting, engaging, thought-provoking set of individuals in one place you will ever find. I can’t wait.

Does all of the above make sense?  If so, subscribe to The Dollar Vigilante today.  We discuss internationalizing yourself and your wealth and strategies to liquidate and survive the coming collapse amongst and become part of a community of like minded people from around the world.

Bio: Gary Kinghorn is currently a senior marketing manager at Cisco in Silicon Valley, and is a part time ex-pat in Argentina at Doug Casey’s “Galt’s Gulch” in Cafayate. He is a long-time student of the Austrian School of Economics and previously worked as a financial advisor at Citigroup/Smith Barney. He continues to follow and offer advice on the economy, geopolitical landscape and asset protection strategies.

The Dollar Vigilante is a free-market financial newsletter focused on covering all aspects of the ongoing financial collapse. The newsletter has news, information and analysis on investments for safety and for profit during the collapse including investments in gold, silver, energy and agriculture commodities and publicly traded stocks. As well, the newsletter covers other aspects including expatriation, both financially and physically and news and info on health, safety and other ways to survive the coming collapse of the US Dollar safely and comfortably. You can sign up to receive our FREE monthly newsletter, our Basic Newsletter ($15/month) or our Full Newsletter ($25/month) with specific stock recommendations and updates at our Subscriptions page on our website at DollarVigilante.com.

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