The Nomad Economist
Premiered Jan 3, 2021
We are Moving Towards an Economic Armageddon That Will Shake The World to Its Core ( The Collapse of Everything Is Nigh).
A group of influential economic experts has discovered what they call a” frightening pattern” that they say will be unlike anything ever seen. They have presented their findings to the U.N. and a long list of world governments and indicate that this collapse could happen before the November elections in the U.S.
One member of the team, Chris Martenson, stated, “We found an identical pattern in our debt, total credit market, and money supply that guarantees they’re going to fail. This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible.”
“And what’s really disturbing about these findings is that the pattern isn’t limited to our economy. We found the same catastrophic pattern in our energy, food, and water systems as well. For 30 years – from the 1940s through the 1970s – our total credit market debt was moderate and entirely reasonable,” he says. “But then in seven years, from 1970 to 1977, it quickly doubled. And then it doubled again in seven more years. Then five years to double a third time. And then it doubled two more times after that. Where we were sitting at a total credit market debt that was 158% larger than our GDP in the early 1940s… By 2011 that figure was 357%.”
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