It is very difficult to stare truth in the face especially when the news is unpleasant. However, one can no longer ignore the signs of impending disaster in the world across social, economic, financial, political and environmental fronts. We are suffering though the beginning of the greatest and fastest civilization collapse in history. “Sometime in the next year, we will all stare into the financial abyss. Imagine if, in addition to all the uncertainty surrounding the pandemic, you woke up one morning to find that the financial sector had collapsed,” writes The Atlantic.
“The U.S. economy, and by extension the world economy, has reached a boiling point. You can see it. You can feel it. You can hear it. You can smell it. You can taste it,” writes M.N Gordon. No part of society is being left unscathed as dramatic changes in life overtake everyone. “It is no exaggeration to suggest we are on the brink of an economic catastrophe; a descent into an economic dark age.”
The US economy right now is like a jumbo jet that’s in a
steady glide after both its engines flamed out. In about
six weeks, it will likely crash into the side of a mountain.
At this point, nothing is going to be strong enough to rescue people and the economy. We are going down in flames. "The pandemic represents the largest economic shock the world economy has witnessed in decades, causing a collapse in global activity," the World Bank has been decent enough to tell us.
That is just the beginning of the story; believe me, we have not seen anything yet. If we have 90 days to get our houses in order, we should consider ourselves lucky. Jumbo Jets do not glide well. Time is running out.
Crash Landing Alert
Egon von Greyerz said, “On what planet do these people live who believe that a world on the cusp of an economic and social collapse is going to see a miraculous recovery out of the blue. The degree of the coming disintegration of the world economy will only be known with certainty by future historians. What is clear, though, is that we see the end of a significant cycle. What we will experience next is not just the fall of one nation but of most nations on earth, both advanced and developing countries. Debt is a global problem that virtually every country is seriously affected by. When the financial system crumbles, so will world trade.”
The Automatic Earth writes, “The Fed needs a new Covid-19 lockdown as an excuse to fire up the printing presses again. The Democrats need another lockdown to keep the economy in depression until November 4. At least half the nation isn’t going to buy another lockdown narrative, as pandemic deaths keep hitting new lows.”
Enough Concerns To Make Your Head Spin
CORVID-19 is the least of our concerns at the moment, yet the press does an excellent job using the pandemic to draw our attention from the real crises we are all facing. For example, the food, hunger, and starvation crisis is just getting started. Our climate is getting colder, and that is bringing on shorter growing seasons and decreased agricultural production. The pandemic is hurting the present system of food production and distribution. Now locust is menacing two continents threatening to eat humanity out of house and home.
What will a real crisis look like? Can it get worse than it already is? A full-blown financial crisis would see banks fail, and credit cards stop functioning. ATM cash machines would look back at you with a dark face.
If all of this does not get to you try imagining a bullet train racing to the station at full speed (fast rate of collapse), the breaks are full-on with the FED and governments throwing trillions at the attempt, but still, the train is moving fast to rail end. Actually the FED has taken its foot off the breaks these past two weeks so expect something explosive to happen in the next few weeks.
“In the delusional land that is Wall Street, everything looks just peachy as stocks continue to trade at absurdly high prices, shrugging off reality and trending higher, steadily moving back to old pre-coronavirus highs. This is because nothing seems to matter anymore. Reality doesn’t matter, data doesn’t matter, facts don’t matter… What does matter is that the printing presses keep churning out fiat dollar bills and the stimulus keeps flowing. We are living in a completely artificial market that is willing to ignore the debt bomb that is being primed right under its feet and set to go off any day now,” writes Nathan McDonald.
What Are the Rich and Powerful Up To?
Most are not understanding what is going on behind the curtains. Emotions are running high, “people are pissed,” and the system itself appears to be in danger of breaking down. But the buzzword recently has been RESET, one global in proportion, coming from the people we trust the most. I hope you catch the sarcasm.
On June 3rd, we were treated to what this years Davos World Economic Forum has in mind for our future. Catch the commentary on what the beautiful people on top of the human heap have in store for us in this video. The central planners of the pandemic are “overriding the wisdom of not only medical professionals but also economists, philosophers, political scientists, historians, and everyone else including legislatures and voters,” writes the Institute for Economic Research.
“The declaration by the World Economic Forum to make a Great Reset is to all indications a thinly-veiled attempt to advance the Agenda 2030 “sustainable” dystopian model, a global “Green New Deal” in the wake of the covid19 pandemic measures. Their close ties with Gates Foundation projects, with the WHO, and with the UN suggest we may soon face a far more sinister world after the covid19 pandemic fades,” writes F. William Engdahl.
“As millions of people experience a sudden collapse of their income at the very moment, their landlords are allowed to start kicking them out; other bills will also come due. Payments on millions of paused student loans will begin again at the beginning of October; the more than 4 million homeowners who received a six-month pause on their mortgage after April’s mass layoffs will need to start making payments again at the end of October. Few seriously expect the US economy to recover as fast as those bills come due,” writes Tom Gara.
“Many millions of people have spent the last four months in sadness and depression. It’s hard to watch the world shattered by the bad behavior of governments – and to see too many among us cheer the destruction – and not feel a sense of despair,” writes the American Institute of Economic Research.