The Great Depression 2.0: Everyone’s talking about it

by Marc Gabriel Draghi.

In recent days, tongues have been loosened and many members of the establishment and powerful entities are beginning to initiate elements of language almost officially recognizing the beginning of a new global financial crisis.

Indeed, personalities from major transnational banks and financial institutions are daring to speak words that the general public has not been used to hearing since 2008.

And even if the Subprime crisis never actually ended (notably with the principles of Too Big Too Fail and generalized Wathever it takes) and started the collapse of Western economies, it seems that in a few weeks, our transnational “elites” officially add the financial crisis to the other “ills” that we are currently experiencing (pandemic, war, etc.).

This economic collapse (or even this financial cataclysm) obviously began several months ago, but it seems that it is in the chapter of the Great Narration that we are being served in the media, so that the populations accept the Great Reset and ultimately the New World Order.

Coupled with the climate crisis, the pandemic risk and the narrative of war, it is likely that the masses will accept this collapse in the same way as in 2008, with a kind of resignation in the face of death, worthy of cancer patients in care. palliatives.

The famous “bad luck fault” as for the virus, could “explain” and justify the total collapse that awaits us.

The fears of the “Big Banks”

Already for several weeks and the beginning of spring, we see that the markets are unscrewing severely with multiple successive crashes, in particular on the side of American companies.

Thus, starting with the promoters of the 2008 crisis, the largest companies on Wall Street agree on one point:

The risks of crisis/prolonged crash/recession/depression are at their highest for a decade.

For the former boss of Goldman Sachs in particular, Loyd Blankfein, a disaster is in preparation:

The banker who says he is “doing God’s work” declared in the program “Face the Nation” on the American channel CBS, “that a recession is a very, very high risk factor” (…) “There is a path. It’s a narrow path” (…) “But I think the Fed has very powerful tools. It’s hard to fine-tune them, and it’s hard to see the effects quickly enough to change them, but I think they respond well. It is definitely a risk. »

To go along with the “senior chairman” of the “firm”, Federal Reserve Chairman Jerome Powell also acknowledged that raising interest rates “will include some pain”, but he also added “that a much worse outcome would be for prices to continue to rise. »

Let us recall for the anecdote that Powell or even Janet Yellen and Christine Lagarde explained to us a year ago that inflation was transitory…

The boss of another “Big Bank” JP Morgan and Chase, Jamie Dimon made an equally surprising statement a few days ago, explaining that he was preparing his establishment to face the “hurricane” coming and advising all investors to do the same. “Right now it’s pretty sunny, things are going well. Everyone thinks the Fed can handle the situation. But that hurricane is right there, down the road, coming our way. We just don’t know if it’s a minor hurricane or Sandy’

We have never experienced any quantitative tightening [resserrement monétaire] of such magnitude, we are dealing with something that could be the subject of history books for 50 years,” continued Jamie Dimon. For him, some aspects of quantitative easing “backfired” on the Federal Reserve, including negative rates, which he called a “huge mistake.”

This observation seems comical when we keep in mind the fact that Goldman Sachs, or even JP Morgan are part of the consortium of large private banks that pilot the American Federal Reserve… Thus, speaking of error for negative rates is all the same pretty cheeky for those who have benefited and organized this system for at least more than a decade…

As explained for several months, the American central bank therefore has no choice but to try to withdraw the overflow of liquidity (which it has caused), in order to stop speculation and allow a landing of the real estate prices (debt/corollary of monetary creation) and thus curb inflation.

In reality, the Fed is proceeding with a monetary contraction which, in the end, will cause a colossal recession, as has been the case on several occasions since its creation in 1913… And of course the Fed, which organizes the dismantling of the world economy through its alchemist monetary policies, then goes on to explain to us that it had no choice but to put out the fire that it itself caused…

The former boss of VISA and now boss of Wells Fargo, Charles Scharf, also issued a “high wind” advisory and described this trend: “The scenario of a soft landing is… extremely difficult to hold in the environment in which we find ourselves today”, indicated the leader of the fourth American bank. While the economy has remained robust, “the question is how long will this last” as the Fed hikes rates to put out the “fire” caused by inflation. “We expect consumers, and ultimately businesses, to weaken, which is part of the Fed’s objectives, but hopefully constructively,” prophesied Charles Scharf.

But there is even more worrying than the analyzes of the “big bosses” of Wall Street. Indeed, the oldest modern central bank in the world, the Bank of England, has said of certain large British banks that in the event of a major crisis, they would no longer be “protected” by the “Too Big” rule. Too Fail”.

The Great Depression 2.0 is already here