Force Majeure: another wrecking ball?

 

Belle Carter at Natural News (& reposted at Discern Report), introduces another likely wrecking ball coming to your neighborhood:  force majeure.  Back in the day, when part of my job was negotiating contracts, a force majeure clause was always one of the standard provisions.  At that time, force majeure would have been described as:

In business circles, "force majeure" describes those uncontrollable events (such as war, labor stoppages, or extreme weather) that are not the fault of any party and that make it difficult or impossible to carry out normal business. A company may insert a force majeure clause into a contract to absolve itself from liability in the event it cannot fulfill the terms of a contract (or if attempting to do so will result in loss or damage of goods) for reasons beyond its control.

In my own professional experience, no contract was ever nullified by force majeure.  But now here’s Ms Carter sounding yet another alarm: 

Back in September last year, the Health Ranger Mike Adams put forward a scenario in which things could end in a global force majeure. This is slowly taking shape now as financial institutions start to crumble.

Finance website Investopedia defines force majeure as a clause included in contracts that takes out liability for unforeseeable and unavoidable catastrophes that interrupt the expected course of events and prevent participants from fulfilling obligations.

The examples cited are natural disasters like hurricanes, tornadoes and earthquakes, as well as human actions like armed conflicts and man-made diseases.

“It means that many financial obligations – potentially including social security, U.S. Treasury debt, pensions, derivatives, commodities paper contracts, industrial deliverables, insurance payout obligations, etc. – would be nullified,” Adams said during the September 12, 2022 episode of “Health Ranger Report.”

“This appears to be part of the ‘Great Reset’ plan to clear out U.S. Treasury debt by ‘defaulting without defaulting’ – i.e. blaming some other great emergency for the cancellation of financial obligations and the wholesale resetting of the global money canvas.” (Related: Global FORCE MAJEURE coming after declaration of World War III – many financial obligations, contracts and pensions will be vacated.)

Stock analyst Marshall Hargrave also pointed out that force majeure, by virtue of not always being 100 percent clear and transparent, generally favors the big guys. . . .

Ms Carter covers related topics, including ownership of precious metals, especially gold, as a hedge.  As noted above, though, force majeure “generally favors the big guys”.  The full article is here.  

And again, if you think this is far-fetched, according to Investopedia, the Wuhan coronavirus (COVID-19) pandemic could qualify as force majeure.  

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