Quoting Edward Dowd, who grew his fund from $2 billion to $14 billion remains a voice of stock market wisdom that many hedge funds continue to rely upon:
“The global debt bubble is at its peak.. we are going to see the credit markets become unhinged, the equity markets become unhinged. The Fed got a reprieve…under the cover of COVID, they were able to print 65% more money to keep this thing afloat, but we are at the end days here.”
He clarifies that the emergence of global totalitarianism is not purely about power and profit. Instead Dowd feels it is to control the masses when they realize the economy is collapsing – the ramifications of which may be the loss of pensions and social security income.
“A lot of what you are seeing in the response of global governments is setting up a system – under the guise of medical tyranny – to prevent the riots that are going to ensue once this thing all unwinds – that’s my personal belief…”
I think this will be much worse than the last Great Depression. In those days they had close family and community links. And they were all capable of making do with less – they had the ability to make meals from very little, and could make or mend.
Today’s generation have lived in luxury by comparison, expect their meals to be delivered and wouldn’t have a clue how to do without
Plus there’s the absolute tyranny that’s being unleashed. People won’t be allowed to do anything that isn’t approved… not to mention most have had their immune systems destroyed. It just doesn’t bear thinking about.
Tess