Former Blackrock Manager: The Fed Is Trapped, New Monetary System Coming!May 22, 2022 4:18 pm
Meet Ed Dowd.
He’s a former Blackrock Portfolio Manager who recently went on Steve Bannon’s War Room Podcast to talk about the economy.
He dropped several bombshells that will affect each and every one of us…very soon.
Let’s start here with this first clip:
Edward Dowd: “You just have to understand that the central bankers and politicians have bankrupted the world, and a lot of the things you’re going to see in the media are distractions to cover that. And COVID was a convenient excuse to cover the implosion of the credit system. So a lot of things you see in the news are distractions. This recent monkeypox nonsense; they’re going to try to gin it up, and I suspect they’re going to try to lock down the economy right before the elections.”
“You have to also think about what’s happened with the vaccines and the excess mortality. A lot of [bad] people, if the GOP takes powers, are going to go to jail, and if you’re a criminal, you’re not going to let the elections go off without you giving it a shot to rig them.”
This next one is where it really gets good…
Or perhaps not “good” but he really lays it all out.
1). Deflation of assets
2.) Out of control inflation
3.) Supply chain breakdowns
4.) Green New Deal policies that fail to address pressing issues.
Ed Dowd: “The Fed will say they’re fighting inflation and maybe raise [interest rates] one or two more times, but they’re making a huge policy error and they can’t raise rates; they’re trapped. And that’s why a new monetary system is coming, and this is all smoke and mirrors, and there’s going to be all sorts of explanations as to why the economy is collapsing.”
I love how he says the Fed is trapped…
First of all, he’s right.
Second, this seems to be an opportune time for me to remind you the Federal Reserve Bank is NOT federal, it has NO reserves, and it is not, in fact, a bank.
I always love giving that disclaimer. Each one is true. Let that sink in.
Now watch this next clip where Dowd lays it all out:
And here is the full 17:00 interview titled: “The Four Converging Forces That Will Destroy the Economy”.
It’s a must-watch.
Make sure you are prepared.
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