They are lying to you. This is how terrifying the global economic collapse really is.
December 19 (King World News) – Eric King: “Alasdair, earlier in the week you and I discussed the current situation and it’s really terrifying. And before we went on the air we were talking about the food lines in the United States where you have cars queued for miles.” (See below).
Eric King continues: “And as you said, these are not beat up cars. I know you are in England, but what are you seeing?”
Deeper Than Anything We’ve Seen In History
Alasdair Macleod: “We’ve got the same thing here, Eric. We’ve got people who are actually starving. They cannot feed their children. They go without food for three days so that their kids can have something to eat. It is tragic. I haven’t seen the dramatic scenes that you have (in the United States) of cars queuing for miles just to get a scrap of food from some handout. The effect on each individual’s morale has got to be really appalling.
I just feel so sorry for everyone who has got caught in this ghastly mess, which really was avoidable. But anyway, we are here and it is awful. And I’m afraid a lot of our friends and people around us are going to be hurt very, very badly by this slump. It’s an economic slump. And it’s probably going to be deeper than anything we have seen or recorded in history. We just have to pray for these people and that’s all we can do.”
Eric King: “Alasdair, what we are already seeing today is terrifying. We are in the early stages of this major inflation, coupled with incomes collapsing.” (See below).
Personal Incomes Have Plunged In
Various States As Much As 30%!
Eric King continues: “What kind of suffering did we see in Weimar Germany?”
The Weimar Effect
Alasdair Macleod: “The people who were at the bottom of the pile in terms of earnings — the unskilled laborers and so forth — they were literally at starvation levels. The people who really lost, apart from them, were the middle class. The middle class basically lost everything. To lose that much as a result of the currency collapse is catastrophic for the middle class. And of course it is the middle class that is the backbone of any economy.
Keynesians say inflation stimulates production. They might con a few people into believing things are better, and therefore they spend a bit more in a one-off inflation push. But when the inflation is continual and when it is accelerating (it is hyperinflation). And bear in mind that the last half of America’s fiscal year, two thirds of the government’s finances came from QE. In other words, monetary inflation. Two thirds! Only one third came from actual tax revenue. That is hyperinflation because it’s not a one-off. There’s going to be another dose of that.
How Much Are They Going To Have To Print?
And the global container shipping industry has just seized up. Consequently, the supply chains are all screwed up. So the Fed is going to have to rescue all of the supply chains. How much money are they going to have to print in order to do that? How much money are they going to have to print to replace the bank credit which the banks are desperate to contract because they are over leveraged in this frightening situation?…to continue listening to this powerful audio interview discussing the coming massive inflation/hyperinflation, global collapse, money printing, what people can do to protect themselves and much more CLICK HERE OR ON THE IMAGE BELOW.
© 2020 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the articles is permitted and encouraged.
