Search
Search Results

No Search Results Found

LIVE
Search
Search Results

No Search Results Found

Explore HomeNewsPodcastsBreaking NewsSocial Watch Live Infowars NetworkThe Alex Jones ShowThe War Room with Owen ShroyerThe American Journal More Banned.VideoInfowars StoreArchiveRSSDownload Our App

Terms of Service

DMCA

Advertise with us

Affiliates

Media Inquiries

About

Economy

General Flynn’s Prediction Comes True: Globalists Triggering Worldwide Financial Collapse to Launch Their Agenda

by Kit Daniels
December 10th 2021, 12:37 pm
Rising inflation, combined with Chinese debt, worrying markets analysts worldwide who believe a major correction is coming
Gen. Flynn warned this would happen during an interview last month
Image Credit:
Infowars.com
Share

Numerous warning signs indicate the US economy is heading for a recession, just as Gen. Michael Flynn warned last month.

For starters, rising inflation due to a major rise in the money supply the past two years is starting to take its toll on the economy, especially as wages haven’t kept up.

“The massive monetary pumping by the Fed has likely undermined the pool of savings already. Consequently, the economic growth rate will likely weaken ahead,” writes Frank Shostak of the Mises Institute.

In other words, inflation has weakened savings, leading to a weakness in consumer’s purchasing power.

Market analyst Brandon Smith believes the Federal Reserve and the government’s response to rising inflation will make things worse:

Accelerated price spikes in necessities including housing and food will generate mass poverty and homelessness. There is no chance that wages will keep up with costs. The government might step in with more stimulus to help major corporations and businesses increase wages, but this would basically be the beginning of a universal basic income (UBI, or free money for everyone) and it would only cause more dollar devaluation and more inflation. They could try to freeze prices as many communist regimes have in the past, but this only leads to increased manufacturing shut downs because the costs of production are too high and the profit incentives too low.

Additionally, China has spent years creatively hiding debt, but now cracks in Chinese markets are growing, starting with China’s Evergrande real estate crisis.

“Originally brought to light by the then-Fitch analyst, Charlene Chu, China had long been hiding vast quantities of debt that it had accrued through a multitude of state-related businesses through a range of difficult-to-examine schemes, most notably back then ‘wealth management products’ (WMPs),” writes Simon Watkins of OilPrice.com. “…In practical terms, they were an amalgam of layers and layers of liabilities built upon the same underlying assets, much as was seen with subprime asset-backed securities that the Western banks had in 2007/08 in the lead up to the onset of the Great Financial Crisis.”

During a Nov. 13 interview with Alex Jones, Gen. Flynn warned the global economy was facing a major correction:

To learn more about the Great Reset - and to help fund our operation - please pre-order Alex Jones' book The Great Reset & The War for the World. You can also get an autographed copy!
Share
LIVE

In case you missed it...
Economy

Economy

Fed Balance Sheet Reduction Not Delivering as Promised

posted 8 hours ago

Economy

Elon Musk Quietly Dumps A Massive $6.9 Billion In Tesla Shares

posted 18 hours ago

Economy

“Anything But A Cashless Society”: Physical Money Makes Comeback As UK Households Battle Inflation

posted 18 hours ago

Economy

Record Consumer Debt Levels Continue to Climb

posted a day ago

View More From Economy
Terms of ServiceDMCAAdvertise with usAffiliatesMedia InquiriesAbout