In the novel, corruption and mediocrity spread through institutions including the power company and the bureaucracies charged with keeping the lights on in New York City. Eventually they fail entirely and the lights go out in the city’s high-rise buildings.

Here in real world, it would be no surprise to many if a big city went dark tomorrow. It seems the unthinkable is becoming more and more thinkable as time goes.

The massive corporations running things like the power grid struggle to hire or train enough people with the skills needed to maintain the infrastructure. The debate as to why is long and complicated, but among the reasons are the deficient U.S. education system as well as government programs encouraging people not to work.

Corporate leaders’ focus is not on excellence but instead on Diversity, Equity, and Inclusion programs and promoting green energy. All of this is goaded on by government regulators and politicians.

The attack and destruction of the Nord Stream Pipeline may be another example, only it isn’t humorous at all.

More than a year ago, Joe Biden and Victoria Nuland went on camera to float threats to destroy that pipeline if Russia would invade Ukraine. But when the pipeline blew up in September, Biden and defense officials told Americans and our European allies that someone else was behind the sabotage.

Investigative journalist Seymour Hersh laid the whole scheme out in detail February 8th.

More people are positioning some of their investments for the unthinkable, and it is easy to understand why.

A few years ago, less than 1% of Americans imagined needing gold and silver for use in barter. Everyone else assumed ATMs, credit cards, and banks would always function to process payments. Today the proper functioning of our financial system isn’t nearly as certain for a whole lot of people.

This week’s Market Update was authored by Money Metals Director Clint Siegner.

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