Read the Beforeitsnews.com story here. Advertise at Before It's News here.
Profile image
By John Rolls (Reporter)
Contributor profile | More stories
Story Views
Now:
Last hour:
Last 24 hours:
Total:

Greg Hunter: Massive Central Bank Ponzi Creates Permanent Distortion! - Nomi Prins - Must Video

% of readers think this story is Fact. Add your two cents.


By Greg Hunter’s USAWatchdog.com 

Three-time, best-selling book author Nomi Prins says the reason why there is so much uncertainty and chaos in the global economy comes down to one simple theme, and that is a couple of decades of central bank money printing has created the biggest Ponzi scheme the world has ever seen. Prins explains, “The Fed and other central banks have created basically this idea, and put it into practice, whenever there is real crisis, however they deem it, they are going to print money, and a lot of money. . . and pushing this envelope forward on the back of a very artificial fabrication of money. That is the Ponzi scheme here. The Ponzi scheme is actually the money that is sloshing around and is somehow owed more to reality. That it is owed to actual profits, actual production, actual growth in the economy, which it isn’t. . . . Look at the way money gets printed . . . as we saw and everybody woke up from the pandemic. Look at all the closures in the economy, and the economy still has not gotten back to where it was. It is still not stable. People are still facing economic angst, but the Fed created four and a half trillion dollars of money basically overnight. That’s a Ponzi scheme. That is something that is going to keep going whenever there is a crisis, and that is going to paper over the fact we are not actually healthy. . . . That’s the definition of a Ponzi scheme when you always have new money coming in, and in this case, it’s new money being created by the central banks. It will replace any cracks, any faults, any problems that are emerging along the way. . . The Fed doubled its balance sheet and did not double the economy. . . . That’s a Ponzi.”

 

‎***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! ‎‎ ‎‎Click Here‎‎ For More Information & To Order!***‎

Click Here

Prins goes on to say, “We are not retiring $30 trillion in U.S. debt. We are not retiring $287 trillion in debt around the world. That is not happening. . . . Yes, there are indications we could have a massive crash, but to me . . . I think there is a treadmill that is spinning here that is going to keep spinning instead of completely crashing. That’s why I think there is going to be a lot of mini crashes, followed by mini rallies along the way. I don’t think we are in a period, which is why I call this a permanent distortion, where there is going to be a backing off of all the money that is being created. . . . I don’t see one massive crash. I see massive turbulence, which is this permanent distortion. . . .I don’t see an end point unless there is an external factor. . . .There are things that are coupled with the instability we have in the markets relative to this money being printed . . . and if they come at the same time, yes, we could have a massive crash, we absolutely could.”

Meanwhile, in the real economy, the struggles for common people will continue to get worse. Prins says, “Right now, about 20 million families in the United States are behind by one or more payments on their electric bill because they cannot afford them at these levels relative to rent and food and all these other things that are going up. 20% of Americans are using their credit cards now to pay their utility bills, and they are starting to get behind on those credit cards for which rates have gone up. So, we are in this situation where all these problems are happening at the same time for most real people in the real economy. . . .Raising interest rates so quickly is hurting people way more than people leveraged in the markets.”

Prins’ advice for common people is to stay away from debt, buy gold, silver and other metals, and hold on to some cash. Prins says, “I do think the dollar will weaken from its high levels, but I think it is going to strengthen first. . . . When we get to the Fed three-part pivot (smaller rate increases, followed by neutral policy and then more money printing), we are going to see a weakening of the dollar.”

There is much more in the 55-minute interview.
Join Greg Hunter as he goes One-on-One with three-time, best-selling author Nomi Prins to talk about her upcoming book called “Permanent Distortion,” as she explains why there is no going back to the way things were.
(To Donate to USAWatchdog.com Click Here)

After the Interview:

You can pre-order “Permanent Distortion” on the home page of NomiPrins.com.

There is also free information, articles and videos on NomiPrins.com. You can buy any of Nomi’s three best-sellers by clicking here.

This segment is sponsored by Discount Gold and Silver Trading. Ask for Melody Cedarstrom, the owner, at 1-800-375-4188.

https://usawatchdog.com/massive-central-bank-ponzi-creates-permanent-distortion-nomi-prins/

‎***Support BeforeItsNews By Trying HerbAnomic Natural Health Building Products Including Humic & Fulvic Liquid Trace Mineral Complex & UltraCur Bio-Available Curcumin—NOW NEW HNEX HydroNano Extracellular Oxygen Delivery System Product–SEE BELOW! ‎‎ ‎‎Click Here‎‎ For More Information & To Order!***‎

Click Here



Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!


Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST


Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse

    Comments

    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    MOST RECENT
    Load more ...

    SignUp

    Login

    Newsletter

    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.