Do yourself a favor and read it all.
Brandon Smith sees something similar:
Hint: You’re not going to like what happens next.
Basically, Smith is saying that we’ve reaching the end of a years long financial policy process. The choices we are left with are stagflation or deflationary depression.
It’s clear today what the Fed has chosen. It’s important to remember that throughout 2020 and 2021 the mainstream media, the central bank and most government officials were telling the public that inflation was “transitory.” Suddenly in the past few months this has changed and now even Janet Yellen has admitted that she was “wrong” on inflation. This is a misdirection, however, because the Fed knows exactly what it is doing and always has. Yellen denied reality, but she knew she was denying reality. In other words, she was not mistaken about the economic crisis, she lied about it.
The Fed has known for years that the current path would lead to inflation and then market destruction, and here’s the proof – Fed Chairman Jerome Powell actually warned about this exact outcome in October of 2012:
As we all now know, the Fed waited until their balance sheet was far larger and until the economy was MUCH weaker than it was in 2012 to unleash tightening measures. They KNEW the whole time exactly what was going to happen.
This actually fits in with what Mohammed El Erian has been saying, about Powell “waiting too long” (via CTH). The difference is that MEE thinks Powell has been inexplicably foolish in waiting too long whereas Smith think Powell was following a script:
It is no coincidence that the culmination of the Fed’s stimulus bonanza has arrived right after the incredible damage done to the economy and the global supply chain by the covid lockdowns. It is no coincidence that these two events work together to create the perfect stagflationary scenario. And, it’s no coincidence that the only people who benefit from these conditions are proponents of the “Great Reset” ideology at the World Economic Forum and other globalist institutions. This is an engineered collapse that has been in the works for many years.
The goal is to “reset” the world, to erase what’s left of free market systems, and to establish what they call the “Shared Economy” system. This system is one in which the people who survive the crash will be made utterly dependent on government through Universal Basic Income and one that will restrict all resource usage in the name of “carbon reduction.” According to the WEF, you will own nothing and you will like it.
Again, please note that the goal Smith sees is a “reset” of the entire world—not just of the cleaved off West. The entire world must be subjugated to this Great Reset. They do call these people “globalists”, right?
Who’s right? Tom Luongo, whom I quote a lot, thinks that Powell and Jamie Dimon—who has been warning of a coming “economic Hurricane”—are actually at war with the EU, which would suggest collapsing the WEF, too. I can’t tell you who’s right, but one way or another momentous events are headed our way.