Steve Bannon had Equity Investment Executive Ed Dowd on The War Room where they discussed the consequences of the Obiden Regime’s actions on the economy and the predictions Dowd made a few months ago.
The economic situation does not look good. In fact, Dowd says the outcome appears to look worse than he had predicted just months ago.
This from thegatewaypundit.com.
This is a short, understandable must-watch interview from last week’s War Room.
Dowd was on The War Room last year and he predicted that a deep, deep recession was coming:
[F]ast and furious in the first and second quarters.
The other thing that Dowd reports that took place in late 2022 is this:
The money supply (M2) year-over-year growth went negative for the first time since 1930 (the Great Depression). Let me say that again, 1930. This is the fifth time it happened and the previous four times since 1868, have been associated with financial panics. So, M2 is basically money and money is credit…
Here we are, the Wall Street Journal is fomenting bank runs by reporting 186 of them are in trouble.
Dowd goes on to say that we’re going to consolidate the banks into six banks. But this will only delay the mess.
We’re watching Japan. We’re watching China. So this is going to spread around the globe. Quite frankly this is beyond anyone’s control, including the FED and the US Treasury…
The release valve for all this debt is going to be a currency issue and a global sovereign debt default. So currency wars are coming. There’ll be currency issues which will lead to a kinetic war…
Look, I don’t want to be a doomsdayer but this is beyond everyone’s control. We’re at the end and it’s imploding on itself.
Final thoughts: Worst case scenario—banks nationalized with half a dozen large banks emerging from the ashes, perhaps a crypto currency in effect, further privacy forfeited. Best case scenario—the most expensive bail out in history and still no surviving small banks.
Hope and pray for the best, strive to prepare for the worst. Stock up on foodstuffs, plant a garden. Have at least a month’s supply of essentials on hand. Safeguard your loved ones, protect your property, keep watch on your neighborhood.
