Via Mercola
Story at-a-glance
- Edward Dowd is a hedge fund “guru” and former equity portfolio manager for the largest asset manager in the world, BlackRock. Over the past two years, Dowd has courageously come forward to awaken people to the collateral damage of the COVID pandemic
- A global financial collapse is a mathematical certainty. Dowd predicts the collapse will begin in earnest within the next six to 24 months
- COVID provided cover for central banks and governments, allowing them to temporarily hide the reality that the financial system is crashing
- COVID also allowed for the erection of a control system to shield governments and central banks from the fallout from collapsing food, energy and finance systems. It allowed them to restrict travel and introduce digital IDs and central bank digital currencies by linking them together with vaccine passports
- Insurance companies report a 40% increase in excess mortality among working-age adults during the fourth quarter of 2021. Millennials aged 25 to 44 had an 84% increase in excess mortality in that same timeframe. Since the rollout of the COVID jabs, the number of Americans who claim to be disabled has risen by at least 10%, possibly more
In this video, I interview Edward Dowd, a hedge fund “guru”1 and former equity portfolio manager for BlackRock, one of the two largest asset managers in the world, Vanguard being the other. Over the past two years, Dowd has courageously come forward to awaken people to the collateral damage of the COVID pandemic.
Lately, I’ve written many articles discussing the coming financial collapse. Worldly signs all point in that direction, and according to Dowd, it’s a mathematical certainty.
The Federal Reserve system, which is a debt-based monetary system, was created in 1913, the same year the IRS and tax system were created. The system of creating money through debt is inherently fraudulent. In the early days, banks would lend the debt and the debt would find its way into different areas of growth, which would then get overheated. Fraud occurred because money was too easy, but it was mostly free market fraud.
“Then, governments, because the economy collapsed globally, started spending like drunken sailors,” Dowd says. “The last 12 years have been a ballooning of what I call the central bank-government bubble, the sovereign debt bond bubble.”
Who’s going to save that bubble? Who’s going to be the buyer of all that debt when this bubble finally blows up? Answer: No one. Many who are aware of the situation are just surprised the system has lasted this long.
It looked like it was ready to burst in 2019, and then, conveniently, COVID showed up, which granted emergency powers to all central banks. Governments went on another spending spree, printing money, and this allowed them to kick the proverbial can down the road for another two years.
“Here we are in 2022 and it’s unraveling again,” Dowd says. “And the reason why COVID was important is because the Federal Reserve was able to plug the hole in what was beginning to become a liquidity debt crisis.
They printed 65% more money. The money stock went up 65% year over year in 2020, and that was able to paper it over. Then, when the economy was shut down, it was an external shock, not in the internal shock, so when they reopened with all the money in the system, we had a recovery for a year and a half. Stock markets went crazy, credit markets went crazy, and we went back up again.
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