Stock Market Watch

Martial Law Expected & “Warranted”: Former CIA Army General

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Lt. General William Boykin (retired) told TruNews Radio Tuesday that the U.S. economy of the United States “is just about the break” and collapse.  And when the dam gives way, severe food shortages and pervasive violence throughout America will warrant, in his opinion, an executive declaration of martial law.

“I’ll be very honest with you; the situation in America could be such that martial law is actually warranted, and that situation in my view could occur if we had an economic collapse,” said Boykin, a former CIA Deputy Director of Special Activities.


“The dam is just about to break on our economy, and I think when it does, there’s going to be a major disruption of the distribution of food,” he added. “And I think what you’ll see particularly in the inner cities is you will see riots, civil unrest that ultimately might justify martial law.”

Though the U.S. is the world’s largest exporter of agriculture, in the case of a currency collapse, producers will withhold shipments to retailers and consumers unable to pay in a currency other than U.S. dollars.  For a time, barter will take the place of currency for those living in rural areas, but for the majority of Americans living in cities and adjacent suburbs, food shortages can emerge within 24 hours.

“I think those people that are not in the major cities are going to be far better off, but it could actually justify martial law,” Boykin continued.  “And I’m praying that we will not see that kind of collapse, we won’t see a disruption of the distribution of food in America.  That’s probably the single biggest problem.”

Recommendations by “prepper” organizations and a handful of governments (as in the case of Utah and some municipalities) to include storing enough nonperishable food to last a month to 90 days have become commonplace during the four-year-long economic recession, as the history of currency collapses throughout the world demonstrate that for a meaningful period of time food will not be available at grocery stores, food pantries and other collective emergency food supplies.

Recent examples of food shortages due to rapid currency devaluations include Argentina in 2002; Cuba, following the fall of the Soviet Union in 1989; and in Zimbabwe during its currency collapse of the late 2000s.

Although, the U.S. is not expected to match Zimbabwe in intensity and duration of inflation (89 sextillion percent in 2008), all nations undergo a period of profound dislocation of commerce during a currency devaluation, which may range from as little as several weeks to several months.  At that time, food becomes the king of all commodities while government reestablishes a new workable currency to reestablish normal commerce once again.

“If people can eat, they can survive for some period of time while we get through the economic crisis and reestablish currency, and systems, and all that,” said Boykin.  “But if they can’t eat, you know, they’re going to fight.  And that’s my big concern.”

From his intelligence, as well as from numerous publicly-available anecdotal testimonies and leaked government documents, the U.S. military has been preparing with local law enforcement for a coming crisis.  Boykin strongly advises the public to make preparations for the most likely scenario of a coming breakdown of the food distribution channels in America during a dollar collapse.

“For me, I have three months of food stored.  I have a bunch of other essentials that I have stored in my home,” he said.  “And my wife and I are preparing for this.

“Now a lot of people call us, you know, foolish, for that kind of attitude,” he added.  “But I would tell you that I’m not going to be unprepared, and I think people should be prepared now for some disruption. You know this economic collapse is a very strong possibility.  We need to get ready for it, and we need to be thinking through and developing plans for how we’re going to react to it.”


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Post Written By: Mr. Dominique de Kevelioc, de Bailleul

Ed Liston

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications. He is widely quoted in various financial publications on the Internet. When Ed is not writing about stocks, investing in stocks, talking about stocks, or otherwise doing something stock related, he likes to go sailing and fishing.

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