- I received a text last night from a very, very good friend…one of my best friends. First off she pointed out a correction that needed made…”best” vs “beast”. Done…dang auto-correct / spell-checker thing gone amok. Then she said “You certainly know how to paint a dire picture. Keep the faith.”
Well, after I made the correction I responded and asked her if she thought it was an incorrect picture. She texted back, “Not at all. Very realistic.” But she made me want to do a quick follow-up of info that came out after I posted my article on the economy…
October 3rd – United Nations Conference on Trade and Development released a statement, “Advanced economies need to change course on their monetary policy, as central bank tightening could be sparking a global recession. Excessive monetary tightening could usher in a period of stagnation and economic instability.”
October 3rd – Canadian MNP (one of the largest full-service chartered professional accountancy and business advisory firms in Canada) released the following stats: 1) 52% of Canadians say it is becoming less affordable to feed themselves and their families, up over 10% in 10 months, 2) 45% of Canadians are having difficulty paying for transportation, clothing, and household necessities, an increase of 20% from a year ago, 3) 37% of Canadians finding difficult to pay for housing, up almost 10% over last year, 4) nearly half of Canadians are near insolvency (bankruptcy).
October 3rd – Nouriel Roubini, one of the world’s top economists (a.k.A. ‘Dr. Doom’), stated the following: 1) there are signs a debt crisis is forming and the economy is headed for a hard landing, 2) we are headed for a deep recession, 3) warned of a looming debt and inflationary crisis for about a year, 4) the crisis is here.
October 3rd – Hedgeye’s Keith McCullough says, the Fed always screws up, the Fed is as wrong on recession risk as they were on inflation and the coming recession could be the biggest ever, ‘I recommend prayer.’
October 3rd – United Nations states in a new report that “The world is headed towards a global recession and prolonged stagnation unless we quickly change the current policy course of monetary and fiscal tightening in advanced economies.” And of course central banks not only won’t, but can’t change their policies quickly, maybe not at all.
October 4th – Report released this morning shows job openings fell and manufacturing order are flat to falling. Unfortunately, a perfect example of recession and stagnation.
October 4th – Financial Times just posted; 1) global recession will hit the poor and vulnerable the hardest with little affect on the wealthy, 2) global recession is likely, 3) you will not see the next crisis coming.
October 4th – Credit Suisse bank (in the top 30 globally significant banks) is showing signs of default, their shares tumbled 60%, CDS (default swaps insurance) price soared, they lost nearly $300million last year, losses are well over $300million so far this year.
The global economic news just keeps getting worse and worse each day. Prepare for it…PLEASE!!
Related Articles –
- Do you believe Glenn Beck’s “Great Reset” and do you trust him?
I can’t say yes or no to that because I have not read his book on the subject. I have heard him make some points on the subject and they sound plausible. I think he and I are saying similar things…the world’s economy is going to take on a very, very different look shortly. What that look is, I am not entirely sure. But one thing I do know for sure…it will transfer massive amounts of wealth and resources to the world’s richest elites…along with huge shift of power away from people to governments.
As for trusting him…well, I think his research team is second to none, and I mean top notch in every sense of the word. From what I can see, I don’t always agree with him. And for sure I used to not appreciate his sense of humor most of the time. Overall, I think he is a reliable and knowledgeable source of information. And he is very committed to not encouraging any kind of violence, etc. and that is extremely important right now. I think he is pretty solid in many ways.
- Do you still think the US did the pipeline sabotage?
For clarification on 9/28 in my post I said, “United States and Russia, #1 & #2 respectively…and Ukraine as a close #3, Poland not far behind at #4.”
After listening to the different statements by countries, especially the US’s Secretary of State Tony Blinken, I believe the US is behind it by a wide margin. Now, read what I said…”behind it“, I didn’t say the US did it. Meaning, that I think that the US contracted the sabotage or paid for it or assisted another country in doing it. Yes, it would be a natural insane/evil CIA type operation but I don’t think they did it directly. But I am convinced that the US was involved and financed it. And yes, I could be wrong.
I also now believe that it still could be Russia, but to a far lesser degree than the US and it wouldn’t be Putin or the official government. If it was Russia, it was not official, it was probably anti-Putin cabal trying to unseat him.
Poland and Ukraine could still be the perpetrators but again, to a far lesser degree than the US or Russia. But, if it was Poland, they had US support, financing, and assistance. If was the Ukraine…I am not 100% sure that the US would have assisted due to the potential fallout.
It is pretty clear that the primary country to benefit from the destruction of the pipeline and associated Russian loss of power and money would be the US. And the US government is just evil and stupid enough to do it.
Related Article – Russian Gas Pipeline Explosion
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