Greg Hunter – Economic analyst and financial writer David Morgan says do not expect the Federal Reserve to lower interest rates anytime soon. Morgan thinks the Fed is not going to devalue the dollar.
Morgan explains, “We need to continue the dollar until the new system is initiated. That’s the point. Yes, it’s about interest rates, that is part of the mechanics about this. The philosophy is we need a dollar in the system as the king when we transition into the new system.
Greg Hunter – Economic analyst and financial writer David Morgan predicted in early March, “When you get gasoline going up to the $5, $6, $7 range and you’ve got food going up to the level it’s gone up to and continues to go up to, it’s going to be bad.”
Morgan was right, and he says this destabilization of the middle-class is all part of the so-called “Great Reset” by the global elite. Morgan says this is not going to turn out like the globalists want. Morgan says, “This is not about money–it’s about control. They want absolute control.” Continue reading
Greg Hunter – Finance and economy writer David Morgan says there has been a noticeable increase in dire warnings from some of the biggest names in the investing world. Why are the elite sounding the alarm on another financial meltdown? Morgan says, “One reason is they see it’s rather imminent . . . so, could it be this year?
Absolutely. I have been kind of right and wrong on this. I am right about the deterioration in the economy, the money supply and the inability to directly address the problem. Where you pinpoint it is more difficult. I said 2015 would be the year that most sleepy Americans would wake up and see the economy isn’t really recovering. . . . I think it’s going to be 2016.”
Morgan goes on to say, “The thing to do for the population at large is to admit the truth and say we can’t pay the debt back. Then you have a default, and the fancy word for that is Jubilee. Then you say you are going to get 10 cents on the dollar or zero on the dollar. Then everything that has been mispriced gets repriced by the markets instead of the controllers. Then you start fresh, and you will have trust and truth in the system. . . . You default and let the chips fall where they may. That rebuilds capital markets. It’s truthful and correct but also very painful. The other way is to never admit the truth and hyper-inflate the currency.”
Greg Hunter – Financial writer David Morgan says the global economy is cracking. Things such as shipping, manufacturing, retail and real estate sales are all headed down. Morgan contends, “What you are starting to see is those little rumblings that happen before the big tremor. That’s an analogy, but that’s what we are starting to see. . . . Nothing is more important than the debt markets and what is going to happen in the future.”
Morgan thought a financial crash would occur last fall. We may not have gotten a total crash, but Morgan says it has certainly started and charges, “Mathematically, it is a certainty. Secondly, the biggest knowledge from monetary history is that no fiat currency can go on indefinitely. They have all failed—100%. So, will the dollar continue indefinitely—it won’t.
http://youtu.be/QCbVleRueug
The hard part is saying when, but it will take place. The analogy on that is sort of like an avalanche. When it starts, it actually starts to move rather slowly, but it is a mass, mass times velocity. So, what happens is it starts kind of slow, so slow you might not even notice it. Then it starts picking up speed and picking up speed, and then bang, it goes from slowly to quickly.