THE GREAT AWAKENING: Alternative News, Activism. Health, Politics, Geopolitics. Finance, Economy, Exopolitics, Spirituality, Corruption, Crimes against Humanity & other interesting readings for those who want to Wake Up. If you want to change the world, be the Change. "I can't change the direction of the wind, but I can adjust my sails to always reach my destination". Jimmy Dean. "All Truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident." – Arthur Schopenhauer
Money manager and economist Peter Schiff says all the talk you are hearing from the Federal Reserve is simply the Fed “pretending to fight inflation.” Schiff explains, “Everything I predicted with inflation breaking out and the way the Fed would react to it has come true. The next thing is the Fed is now pretending it’s going to fight inflation. I say they are pretending because they have no real intention of doing it because they can’t. If the Fed could fight inflation, it would have started the fight a long time ago. They would have acted preemptively when it was obvious it was a problem. . . . I have been warning about this for over a decade. As the Fed was on this course of deliberately creating inflation, I always said this was going to come back and bite the Fed because they were going to let loose a monster that they were not going to be able to fight, like Frankenstein. The Fed used to say we don’t care if we have too much inflation, we know how to solve it. We have the tools, and I pointed out that they may have the tools, but they ain’t going to use them because it was like having a handgun as the tool for a headache.”
Five-time, best-selling financial author James G. Rickards says, “We could be in a recession right now,” but the title of his most recent book “The New Great Depression” says where we are definitely going soon. Rickards says, “The current crisis is not like 2008 or even 1929. The New Depression that has emerged from the COVID pandemic is the worst economic crisis in U.S. history. Most fired employees will remain redundant. Bankruptcies will be common, and banks will buckle under the weight of bad debts. Deflation, debt and demography will wreck any chance of recovery, and social disorder will follow closely on the heels of market chaos.”
Precious metals expert and financial writer Bill Holter said that at the end of last year, both the lies and money printing were going to get much worse. Holter predicted, “The risk for a meltdown from these levels, the risk has never been higher or could be higher than it is right now. You have got everything going in the wrong direction. . . .” Fast-forward to today, and you see huge inflation, economies wrecked and Russia demanding payment for oil and gas in rubles. Holter explains, “This is the biggest news since 1973 when oil started being backed by the U.S. dollar. There is nothing bigger. Understand, Gaddafi (Libya) did this. Saddam Hussein (Iraq) talked about the gold dinar, or a gold backed currency, and what happened? They got killed, and their countries got invaded and their gold stolen.
Economist John Williams says the economy is in deep trouble, and the Fed knows it. Williams says the Fed talking up “robust economic growth” that is causing inflation is “nonsense.” Williams explains, “The one thing that is not causing inflation is ‘robust economic growth.’ So, when they talk about raising interest rates to kill this robust economic growth that’s triggering the inflation, that’s absurd, and the Fed knows it. . . . If the Fed foolishly raised rates as reflected in the payrolls as not being fully recovered, you are going to have a sharp downturn, a double dip depression here. At the same time, you are still going to have the inflation. You are going to end up with an inflationary depression or a hyper-inflationary Great Depression.”
Financial writer, market analyst and precious metals expert Craig Hemke says there is only one certain thing you can say about the economy in 2022, and that is “Don’t buy the lie, the Fed does not have inflation under control.” Everything else is a huge wild card. We start with the stack of unpredictable things that Hemke sees, and he explains, “I think, economically, you can tell where we are headed, but anyone who can predict what 2022 is going to be like politically is crazy.
Precious metals expert and financial writer Bill Holter says huge lies and massive money printing have held the financial system together. His big prediction for 2022 is that both the lies and money printing are going to get much worse. Holter explains, “The risk for a meltdown from these levels, the risk has never been higher or could be higher than it is right now. You have got everything going in the wrong direction. . . . in the year 2022, I will say without the second coming of Jesus Christ, things are not going to get better. At this point, evil has its hand on too many controls. They control too many avenues. They control the media and just go right down the list. Evil has too much control at this point.”
Renowned gold expert James Turk says, “Federal Reserve money printing has gone off the rails, and they are in a situation of inflate or die.”
Inflation is not the only problem because as the money loses buying power, the general public loses liberty. In Turk’s new book “Money and Liberty,” he lays out a direct link between sound quality money and liberty.
Macroeconomic analyst Rob Kirby has long predicted Fed money printing would have to go “on a vertical curve where money has to be added to the system . . . to keep the system from crapping out and imploding.” Kirby said this more than a year ago. Massive money printing can no longer be hidden, and it has disastrous and dire implications for the dollar. Kirby explains, “They are not hiding it. It’s too big. If you have an elephant under your carpet in the living room, you can’t say ignore the bump.
Financial writer and precious metals expert Bill Holter has long predicted the bloated indebted financial system, at some point, was going to go down. According to Holter, the wait is over, and he says, “It’s imploding now. When will it fully go down? It could be few days a few weeks or maybe a few months, but the system is coming down now. ”
It looks like we are on track for yet another global financial meltdown. This time it is coming out of China in the form of a failed property development company called Evergrande. It’s five times bigger than Lehman Brothers, whose failure cratered the global economy in 2008. Will central banks, including the Fed, just let it all fail or will they print massive amounts of money trying to stop the fall?
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