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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Update: controlled demolition

 

 At America First Report, Mike Adams is not optimistic:

Worsening inflation (stemming from endless fiat currency money printing) is causing food, energy and housing to become unaffordable for millions of Americans, putting them on a trajectory of homelessness and destitution.

Right now, homeless encampments are expanding in cities like Los Angeles, Atlanta, Philadelphia and Oakland. The situation is bound to get far worse as inflation accelerates and people find themselves jobless due to plummeting economic activity while manufacturers downsize operations.

All across America right now, people are moving out of (unaffordable) apartments and rental homes, and moving into RVs or campers. Many of these people have jobs yet still can’t afford to save enough money for a down payment on a home. As economic conditions deteriorate, many of these people will move from RVs to cars or trucks… and then eventually to tents on the street. There, they are largely forgotten by the very same bureaucrats who promised them jobs and government assistance. Those are also the same bureaucrats who created the very problems that cause homelessness in the first place, such as worsening inflation by handing out stimulus money… or forcing small businesses to shut down over “covid” claims.

The controlled demolition of America is well under way. . . .

Full article is here. Not pretty.  

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How America Ends

 

Doomsday prophecy:  Mike Adams predicts “How America Ends” at America First.  These are frightening predictions, but they square with many of the developments since the coup d’etat in 2020-2021. Here’s an excerpt:

. . .The era of Western Civilization is coming to an end. It will be characterized by the collapse of the dollar, a global repudiation of the petrodollar status, a collapse of the rule of law across the United States, a collapse of the stock market, pensions, bond market and crypto markets, a collapse of the food supply chain, and a collapse of the fuel and transportation infrastructure. This will, in turn, take down the power grid in many areas, leading to a Mad Max-style scenario from which a few capable survivors will attempt to flee.

Before the end of 2025, as I have publicly predicted for at least the last five years — America as you know it will cease to exist. This has been the plan all along from Barack Obama, Hillary Clinton, Joe Biden and plenty of RINO neocons, too (the Cheneys, Bushes, etc.). They needed to take down America in order to achieve one world government under the fascist United Nations, with universal gun control, universal vaccine mandates, abortion “rights,” engineered global starvation and total control over all speech and elections.

Their agenda is failing at many levels, however. Roe vs. Wade was just struck down by the US Supreme Court, for example, and there are elements at work that are looking likely to achieve key indictments against deep state players. However, any state that wants to exist after the dollar collapses must be ready to roll out its own gold-backed currency on an emergency basis. Texas is largely prepared to do this, but few other states are ready. The re-establishment of trade and commerce (following the dollar collapse) is going to be the key to surviving the demise of the dollar. . . .

Read the rest here.  I am posting this even though I am not able to say whether it's a realistic prognosis, a long-shot, or way over the top.  But even if some less drastic version of this is likely . . .  BTW, this is not the first time I've read about the "global repudiation of the petrodollar," which could indeed be catastrophic.

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