Episode 374 - The Greatest Depression
The Corbett Report Podcast
The Corbett Report
4.9 • 1K Ratings
🗓️ 28 March 2020
⏱️ 54 minutes
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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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