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Posted on 03/19/2023 11:40:39 AM PDT by bitt
Equity Investment Executive Ed Dowd was on the War Room on Lindell TV where he discussed the consequences of Biden’s actions on the economy. It does not look good.
Steve Bannon had Ed Dowd on The War Room where they discussed the consequences of Joe Biden’s actions on the economy and the predictions Dowd made a few months ago.
Dowd was on The War Room last year and he predicted that a deep, deep recession was coming “fast and furious in the first and second quarter.”
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.
This is a must-see interview from last week’s War Room.
p
So what should we spend money on before it disappears? Houses, land and vehicles are all over priced right now. Don’t own any gold or silver as too hard to buy with or unload.
Comment, at link....
hurricane76
4 minutes ago
For those not familiar with Ed Dowd, his pinned comment on Twitter in March of 2020 correctly predicted exactly how Covid would go. From lock downs, to forced vaccinations, to vaccine passports. Twitter eventually banned him. When asked how he knew, he said — “Because when you work on Wall Street you learn to think like a criminal. If I had nefarious intentions, this is exactly how I would do things.”
I missed the episode.....love Dowd....does he make recommendations, as to what folks should be doing?
Or, is it.....Bohica Teothwawki?
The goal is to collapse our system in preparation for a coup...and that includes the economy.
Biden would love nothing better than to declare martial law. All it would take is unrest over the economy, protests over the Trump arrest, or a national parental boycott of schools. Even better, a combination of all the above.
The Democrat Party has been testing the waters for a couple of years. They just can't seem to light the fire.
I thought Brandon was supposed to be crushing Russia’s economy. Grabbing all their yachts and all.
Looks like the inflation and interest rate hikes are killing the West’s bigger banks. Nationalizing deposit guarantees indeed.
And economy.
How much more Bolshevism does it take to destroy Western banking and currencies?
Sounds like BOHICA to me.
Money supply has to come down. It went up too fast. Five fold in just about one year. Something like $4 trillion to $20 trillion. Soon all those deposits offset more than a decade of cheap money and low interest rate loans. Then the FED started raising rates. More than a decade of low rate loans trying to pay for a five fold increase in money supply aka deposits asking for the new much inflated interest rates.
It seems pretty obvious what happens next. Insolvency. Banks operate on the margin. That is why it is called fractional banking. Ever watch “It’s a Wonderful Life”? Bailey Building and Loan is not unique. A run on banks, any bank and any run will fail the banks. There just are not enough ready liquid assets on hand to cover the withdrawals.
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“Biden would love nothing better than to declare martial law. All it would take is unrest over the economy, protests over the Trump arrest, or a national parental boycott of schools. Even better, a combination of all the above.”
They’ll use *anything* for an excuse; watch for it.
Regulatory Capture->Financial Failure->Currency War->Kinetic War
He’s an interesting man. Apparently, he made a lot of money for Black Rock years ago.
But guns & ammo before it is banned.
“Money supply...”
great post!
Many are unaware of the true definition of inflation, rather, focus only on the result, oblivious to the bad actors.
Inflation is the increasing of the amount of currency in circulation, whether physically, or, as has happened in the digital age, digitally. The result is that our money buys less product and service, thereby stealing our purchasing power and ultimately results in stealing our wealth, as our purchasing ability is diminished.
...bankers are inherently greedy, evil parasites.
Again, great post!
Thank you =o)
I hate Biden and his current spending. But the departure into fiscal unreality started long long long ago.
“The money supply (M2) year-over-year growth went negative for the first time since 1930 (the Great Depression)..."***
Yes, but here we are talking about DEFLATION - a concept unknown to the modern American.
As I mentioned a short while ago, bitt: the word for the near future is liquidity! I suspect that we will be hearing that word a lot!
Isn’t Biden pushing for yet another big spending bill?
Like 7 trillion.
Guns and Ammo.
When Nixon was inaugurated in Jan 1969, we had over 500,000 troops in Vietnam. That’s one fiasco I don’t blame him for.
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