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The Corbett Report Podcast

Episode 374 - The Greatest Depression

The Corbett Report Podcast

The Corbett Report

Politics, News

4.91K Ratings

🗓️ 28 March 2020

⏱️ 54 minutes

🧾️ Download transcript

Summary

The Age of Terror was inaugurated with a series of controlled demolitions in New York City on September 11, 2001. Now the world is being led into the Age of Biological Terror with a controlled demolition of the economy that is already causing unprecedented carnage across markets and around the globe. As the dust settles on this demolition, an entirely new economy is ready to be erected in its place: one in which no citizen will be out of the sight of the all-seeing government. This week on The Corbett Report we examine the details of this collapse and why the bankster class is seeking to destroy the financial Ponzi scheme that they themselves created.

Transcript

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0:00.0

You're listening to the Corbett Report.

0:07.0

Corbett report.

0:11.0

Welcome back, ladies and gentlemen, welcome back to the Corbett Report.

0:17.0

I'm your host, as always, James Corbett of Corbett report.com, coming to you from the sunny

0:21.0

climbs of Western Japan here in late March of 2020.

0:25.0

You're tuned into episode 374 of the Corporate Report Podcast, The Greatest Depression.

0:32.0

Now if you're familiar with my work... The Greatest Depression

0:40.4

Now if you're familiar with my work you will know by now that the real terrorists of September 11th 2001

1:07.0

used a series of controlled demolitions to inaugurate the March of 2020, the financial terrorists used another controlled demolition, this time a controlled demolition of the economy, to usher in the next stage of this war on humanity.

1:17.0

Let's turn to the United States now and the recession choir is growing louder.

1:21.0

The four big banks see the economy dropping double digits, while Bank of America

1:24.8

sees a 12% drop in GDP, Morgan Stanley sees a dramatic 30% plunge in the second quarter.

1:30.5

St Louis Fed President James Bullard has the most pessimistic call perhaps.

1:35.6

He predicts a whopping 50% drop in US GDP.

1:40.2

The spread of the coronavirus, COVID-19, has been a major shock to the growth prospects of the global economy and the euro area economy.

1:52.0

And it has heightened market volatility.

1:55.0

First, the outlook for global growth.

1:59.0

For 2020, it is negative, a recession at least as bad as during the global financial crisis

2:08.8

or worse.

2:10.3

We have an economic inferno coming at us, okay?

2:14.0

You know, Secretary Manutum was talking about 20% unemployment.

2:19.0

Remember, from the Great Crash in 1929,

...

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