Monday, October 10, 2022

"Are We Going Into A Global Economic Death Spiral?"

The global economy is facing some serious headwinds according to many financial experts.

Pointing to 40-year high inflation, rising interest rates, the European energy crisis and escalating war-worries, one of Wall Street's most respected minds, Carl Icahn, warns "the worst is yet to come."

Icahn says the U.S. economy and stock market are in trouble and compares them to the fall of the Roman Empire.

Financial guru Bill Holter agrees.

"The ability to prevent a crash no longer exists. The system has gotten too big...there's too much debt. Too many sovereign governments have bumped up against debt saturation."

Holter's advice? If we get a bounce in the market, use it to get out.

Nomi Prins is a geopolitical financial expert and investigative journalist who 'sheds light on the dark corners of the global economy.' 

According to Prins, the chaos in the global economy is due to one simple fact: money printing.

"Central bank money printing has created the biggest Ponzi scheme the world has ever seen...the Fed and other central banks have been printing money for decades. After the pandemic, the Fed created four and a half trillion dollars of money basically overnight. That's a Ponzi scheme.

"There are indications that we could have a massive crash, but to me...I think there is a treadmill spinning here that is going to keep spinning instead of completely crashing. That's why I think there is going to be a lot of mini crashes, followed by mini rallies along the way...I don't see one massive crash. I see massive turbulence."

Meanwhile, Prins believes it's the common people struggling to make ends meet that will suffer the most. Nothing new about that.

Our advice? Get out of debt and into your Bible. Then you'll be ready for what ever comes next.

A wise man once said: "We are going into a global economic death spiral...80% of the country thinks everything is fine. It's not fine." -- Ed Dowd, Wall Street money manager

"Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law" (ROMANS 13:8).

👉👉👉"HOW TO GO TO HEAVEN!" ☝

News:

  • National Debt Clock: U.S. National Debt Surpassed $31 Trillion for the first time in history; that's $93,466 for every person in America
  • FNC: Biden depletes Strategic Petroleum Reserve for political purposes threatening national security
  • CBS News: Biden offers stark nuclear warning amid tensions with Russia; meanwhile, U.S. buys $290 million worth of radiation drugs

 

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