What’s Really Behind Utah’s Mock Earthquake Drill

Hot on the heals of House Bill 157, which legalizes the use of silver and gold bullion as currency, the state of Utah recently completed a joint mock emergency exercise between the state’s 400 national guard personnel and 48 guardsmen from the neighboring state of Wyoming.

The mock drill is a first of its kind since Utah Governor Gary Herbert declared the first week of April as ‘Earthquake Awareness Week’ for the state’s 2.8 million residents in 2010. Sign-up for my 100% FREE Alerts

“Earthquake expert, Bob Kerry, says Utah has a one-in-four chance for a 7.0 quake in the next 50 years,” Utah’s ABC4 News stated as the lead into the reporting of Utah’s first mock emergency drill.

However, an earthquake of that magnitude hasn’t hit Utah since the 17th century, according to state records.  In fact, since 1811, the only earthquakes registered in the U.S. greater than Richter Scale 7.0 occurred multiple times in Alaska, California, and a couple of times in Missouri.  The conclusion: earthquakes in Utah, of any significance, are very rare.

In addition, the auspicious timing of Governor Herbert’s ‘Earthquake Awareness Week’ annual events raises an additional red flag that points to well-intentioned deception.  Following the fall of Lehman Brother and plunge in global stock markets, discussions of imminent financial Armageddon became widespread in the media and public discourse, not just talk among a fringe few.  Well-known financial experts suggested the risk of a U.S. dollar collapse had increased markedly, including the implications of civil unrest, possibly leading to civil war.

In an Oct. 13, 2010, post on zerohedge.com, the site’s administrator Tyler Durden (Internet name) paraphrased Gluskin Sheff’s economist David Rosenberg’s comments regarding the Fed’s ZIRP policy, stating that the Fed’s plan is very  dangerous and “positions U.S. society one step closer to civil war if not worse.”

Nearly a week later, Time magazine on Oct. 19, 2010, titled, Will the Federal Reserve Cause a Civil War?

Jan. 23, 2011, Newsweek interviewed billionaire currency speculator George Soros about the global financial crisis.  He, too, fears a revolutionary outcome to a failed U.S. dollar—an outcome that historically could lead to far worse violence, loss of life and destruction of property compared with the aftermath of a natural disaster.

An excerpt from the Newsweek article about George Soros assessment of the financial crisis:

“I am not here to cheer you up. The situation is about as serious and difficult as I’ve experienced in my career,” Soros tells Newsweek. “We are facing an extremely difficult time, comparable in many ways to the 1930s, the Great Depression. We are facing now a general retrenchment in the developed world, which threatens to put us in a decade of more stagnation, or worse. The best-case scenario is a deflationary environment. The worst-case scenario is a collapse of the financial system.”

With financial collapse comes looting, violence and the potential for an overthrow of the government.

Interestingly, Utah, a state known for its disproportionate number of religious followers of the Church of the Latter Day Saints (LDS), or Mormons, has a history of promoting self-sufficiency and preparedness as well as fostering traditional fiduciary values.

In the face of a growing concern for a precipitous fall of the U.S. dollar’s value, the state’s LDS could be behind the drive for state-sanctioned preparedness to deal with a sudden spike in crime and the resulting chaos that will most likely ensure from a lack of law enforcement personnel to deal with a currency collapse.

In 1836, Joseph Smith, founder of the LDS movement, formed the Kirtland Safety Society (KSS), a quasi-bank to service the financial needs of the Mormon community in Kirtland, Ohio.  However, after being in operation for less than two years, the bank failed as part of the Panic of 1937 and alleged mishandling of bank funds by Smith.

Though the KSS ‘bank’ failed, the Mormon tradition of individual responsibility, self-reliance and distrust of public institutions remains strong today and may account for Utah’s leadership towards the reclamation of states rights under the 10th Amendment to the U.S. Constitution, as well as the Constitutionally inspired reintroduction of gold and silver as a means of protecting from the collapse of yet another fiat currency.  And the ‘Earthquake Awareness Week’ annual drills instituted by the Governor Herbert may merely serve as a euphemistically phrased reminder of an event approaching much worse than one of Mother Nature’s periodic unpleasant catastrophes. Sign-up for my 100% FREE Alerts

Utah Goes Rogue to Save Itself, Gold & Silver Now Legal Tender

After months of public outcry over Washington’s out-of-control fiscal and monetary policies, Utah Governor Gary Herbert signed into law Utah House Bill 157 Currency Amendment allowing gold and silver bullion as legal tender within the state to settle retail transactions and debts. Sign-up for my 100% FREE Alerts

Though several other states have proposed similar legislation, Utah becomes the first state of the Union to actually pass a law providing ammunition to fight back the ill effects of the Federal Reserve’s malicious debauching of the U.S. dollar.

The symptoms of rapidly rising costs of life’s necessities can be directly attributed to 10 years of money supply growth, not seen since the disastrous 1970s.   As of April ’02, M1 money supply has skyrocketed 77 percent to $2.22 trillion for April of this year.

And it’s going to get increasingly worse.  After compounding at a 5.9 percent rate throughout that 10-year period, the Fed has forecast another 17.4 percent increase in M1 through April 2013, a near trebling.

The signs of run-of-the-mill inflation metastasizing into hyperinflation now appears, giving rise to the notion that the reason for the politically unsavory executive order of the NDAA signed by Obama on New Years Day—which effectively suspends the U.S. Constitution—is to provide the legal authority to a sitting president to initiate martial law, including a civil uprising in the event of a collapse of the U.S. dollar.

Other states may soon follow Utah’s watershed legislation—and quickly.  In its annual World Economic Outlook publication, the International Monetary Fund (IMF) noted that a Eurozone breakup could rapidly disintegrate into a “full-blown panic in financial markets and depositor flight.”

Why?  The IMF knows that Greece’s economic collapse merely represents the tip of the EU iceberg.  Much larger European states, such as Spain, Italy, France, and even some have speculated, Germany, cannot survive the crushing debt loads coming due this year.  It’s truly the end of the road for a global financial system that tried an experiment of unbacked fiat currencies, globally.

“The potential consequences of a disorderly default and exit by a euro area member are unpredictable…,” according to the IMF report.  “If such an event occurs, it is possible that other euro area economies perceived to have similar risk characteristics would come under severe pressure as well, with full-blown panic in financial markets and depositor flight from several banking systems.

“Under these circumstances, a break-up of the euro area could not be ruled out.

And as Europe collapses, the U.S. will most assuredly go with it.”

Contrary to misinformation propagated by officials at the Fed and Treasury, Europe is the U.S.’s Greece—a warmup, a warning sign of systemic failure, according to many private economists and well-known financiers.

As early as the greater economic collapse of the Great Depression of the 1930s, the mother of all Depressions of the 1870s, severe recessions and depressions, currency crises and bank panics on either side of the Atlantic have rippled globally.  The Bank Panic of 1907, which began with the fall of the Knickerbocker Trust Company in New York, quickly spread to Paris and Rome, collapsing France and Italy, leading to recession in Europe.  This time, with electronic banking and communications as they are, is certainly no different.

Back then, financial ruin was creeping into the U.S. economy as the result of the U.S. Civil War of 1861-65 and the failed Greenback that funded it.  That war’s cost, reminiscent of the money borrowed and spent for post-WWII wars fought overseas, culminated into hard times more severe and lengthy than the better-known Great Depression of the 1930s.

“This could cause major political shocks that could aggravate economic stress to levels well above those after the Lehman collapse,” the report concluded.  And that’s when financial Armageddon begins in earnest, according to many the world’s well-respected economists.

It is now that, even the more disengaged Americans among the population of 310 million can wrap their minds around the bizarre sequence of political events of the past decade, beginning with the Patriot Act, then NDAA, to most recently,  Executive Order—National Defense Resources Preparedness (NDRP)—an order which gives guidance to all U.S. Departments to activate a National Defense Executive Reserve (NDER) in case of national emergency or peacetime (i.e., preparations). (1)

In other words, at the very least a currency collapse is coming.

Fox News stated on March 19:

The purpose of the order [NDRP], according to its contents, is to make sure the U.S. is prepared to mobilize technological and industrial resources ‘capable of meeting national defense requirements’ and ensure ‘technological superiority of its national defense equipment in peacetime and in times of national emergency.’

Within the context of these rapid-fire Executive Orders, pending legislation to deny or suspend passports for delinquent taxes; record gun sales; the rise of the OWS and ‘Prepper’ movement; and the record flight of Americans leaving the U.S. for good, Utah sees the writing on the wall, as do, apparently, many more Americans.

It’s only a matter of time when many of the other states sign into effect similar laws to the one just passed by Utah. Sign-up for my 100% FREE Alerts

(1) Could this be the reason for record-low gold stock valuations (compared with the price of gold bullion)—the fear of a Venezuela-like confiscation?