The signs are all over the place. I write this on a day when the Dow Jones Average fell below 30,000 points.
- “Walmart, Target and other major U.S. retailers are literally canceling billions of dollars in orders ahead of the coming holiday season…. Kohl’s and Under Armour have also been canceling large numbers of orders as well.”[i]
- “Ray Dalio, of the Bridgewater Associates investment company, warned that the predicted federal interest rate hikes would send stocks falling by 20 percent.” This will “send the US into a full Recession with the stock market plummeting.”[ii]
- “Banks in the United Kingdom have begun changing the terms of Bank Accounts to LIMIT or REFUSE withdrawals that ‘may affect their financial stability.’”[iii]
- “The Central Bank of Canada is losing money for the first time ever on rising rates and anticipates losses for the next three years – Numerous central banks around the world are losing money.”[iv]
- Hedge Fund Guru Eward Dowd: A global financial collapse is a mathematical certainty. Dowd predicts the collapse will begin in earnest within the next six to 24 months. COVID provided cover for central banks and governments, allowing them to temporarily hide the reality that the financial system is crashing. COVID also allowed for the erection of a control system to shield governments and central banks from the fallout from collapsing food, energy and finance systems. It allowed them to restrict travel and introduce digital IDs and central bank digital currencies by linking them together with vaccine passports.[v]
- “Electric Bills Soar Across the Country as Winter Looms. Rising natural-gas prices are expected to make it more expensive to light and heat homes in the coming months.”[vi]
- “People in the United Kingdom have begun receiving their Energy Bill Budgets for the new year and the ‘typical’ family is seeing a Two-thousand, three-hundred percent (2300%) increase in costs!…One homeowner — not a business — has been told his last monthly Budget was 52.35 British Pounds per month, and this is going up to 1248.90 British pounds per month.”[vii] Dollar equivalent would be going from $57 to $1,361 per month.
- Tuomas Malinen is the Chief Executive Officer (CEO) of GnS Economics in Helsinki, a macro-economic consultancy firm. After their most recent monthly forecast, he said this. “Europe is sinking and she is pulling the rest of the world with her…. Europe is much worse than many understand. We are essentially on the brink of another banking crisis, a collapse of our industrial base and households, and thus on the brink of the collapse of our economies….The speed of deterioration is massive now, and it’s only a matter of time, when markets catch up. I am betting that we still have few weeks (months at max.) before ‘mayhem’ truly begins. Take precautionary measures. Stock: 1. Cash. 2. Food. 3. Water. 4. Wood (if you have a stove). 5. Other necessities. No harm will come from preparation.” THIS IS NOT HOW CEO’S USUALLY TALK! “Since consumers are having to pay so much more for natural gas and electricity, they are not out at stores buying things; which is causing shutdowns and layoffs” ‘There simply won’t be any products on store shelves to buy.”[viii]
[i] Michael Snyder, Why Are Walmart And Other Major U.S. Retailers Canceling BILLIONS Of Dollars In Orders As Summer Comes To An End?, Economic Collapse, September 18, 2022
[ii] Apocalypse 401k, Daily Mail, September 17, 2022
[iii] UK Banks Changing Account Terms, Hal Turner Radio, September 17, 2022
[iv] The Central Bank of Canada is Losing Money, Strange Sounds, September 17, 2022
[v] Finance ‘Guru’ Reveals Financial Collapse, Mercola, September 18, 2022
[vi] Electric Bills Soar, Wall Street Journal, September 18, 2022
[vii] New Energy Bills in UK, Hal Turner Radio, September 19, 2022
[viii] C.E.O. in Europe Sounds the Alarm, Hal Turner Radio, September 7, 2022
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