I’m starting to see a lot of conservative media activity regarding “the coming coup,” expected to take place between November and January.
As I warned Early Warning subscribers earlier this year, the Left — liberals and Leftists, alike — are planning sustained, mass mobilization protests in the vein of Tahrir Square or the Euromaidan.
Protests at Cairo’s Tahrir Square turned into an Egyptian revolution that toppled Mubarak in 2011. In Kyiv, Ukraine, months-long protests and violence led to the ouster of Yanukovich in 2013.
Meanwhile, mass protests in Belarus are aimed at removing Lukashenko from office right now.
This whole idea of an American Spring or Lafayette Square began back during the Impeachment process, where left wing activists hoped to organize mass mobilization protests that would eventually lead to the toppling of the Trump “regime”.
New York Times columnists Michelle Goldberg and Jamelle Bouie gave the idea widespread coverage, imploring the Left to mobilize. They tried to convince the country that turning out was an imperative to combating fascism and demanding the Senate convict President Trump. Those efforts fizzled, likely because an American Spring was better suited for the election.
And here we are with just 48 days and some change to go. The current protests, riots, and unrest could well serve as a warm-up for November.
Any illusion of unity in this country has disappeared. Society is increasingly tribal, most presidential polls are split within five or ten points, the economy is separated between the haves and have-nots. One thing most in the mainstream can agree on is ‘free and fair elections’ that decide the country’s political future.
If we can’t agree on free and fair elections after 2020, then societal, political, and economic conditions are likely to deteriorate, maybe rapidly.
One of the most overlooked threats to a failed or contested election is the value of the dollar.
During ramp up to the COVID crisis, international investors sought refuge in the dollar because that was the safest and highest liquidity place to store their value.
We’ve enjoyed some incredible benefits of having a society and political system that supported a relatively stable dollar. Even with massive devaluation and theft from inflation, the dollar has historically been a refuge during times of international crisis. That won’t always be the case, though.
In a previous email I sent to Dispatch readers, I cited a JP Morgan study that found world reserve currency status lasts between 80-100 years; meaning that the U.S. Dollar is approaching its historical expiration date somewhere between 2024-2054, if the past 400 years of monetary history holds up. A failed or contested election will likely accelerate this timeline.
I received a response to that email, from a dismissive accountant who condescendingly asked where would international investors seek refuge. The obvious answer is same place they always do, and even more so with the dollar under duress: GOLD. We’ve also seen a lot of diversification into cryptocurrency. Globalists have wanted a global currency for decades — this likely becomes their opportunity for the IMF to issue a stable global reserve currency. Even if there’s not a viable alternative right now, the world’s a big place — given weeks or months, international investors can find places to put money. But maybe there’s no good solution and no where to hide. The real risk in that case is that international investors are stuck because no one wants to accept the USD in these trades. What happens to the value of a currency no one wants?
So, it’s serious question time.
If international demand for the dollar does begin to erode as a result of political, social, and economic instability, are the string pullers on the Left and Right willing to risk monetary collapse over election results?
If U.S. markets crash and the dollar does start to lose value rapidly, how much longer will the Left push the unrest? How long would the Right be willing hang on?
This may be considered an outlier scenario, but it’s certainly one risk we’ll face over the next three to six months.
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Always Out Front,
Samuel Culper PDF Button