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[[ APOCALYPSE CLOCK ]]
12-15-21
By: Todd Wheatley
ECONOMIC COLLAPSE,
chaos,war
============
9:58 PM +1 min.
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With the crazy covid economy edging towards rearview mirror, a new specter has arisen
.... INFLATION .... Prices are on the rise and appear to have "staying power". It's a
concern for all, but APOCALYPTIC?! At the start of summer the Fed repeatedly assured
the nation that the inflation was "transitory". "Normal" consumer prices would return
as the ECONOMY recovered from covid induced trouble. Unfortunately there's way more
going on with the economic disruption than meets the eye and we are extremely lucky
to have gotten off this easy.
INFLATION, on the other hand, will likely prove a more difficult problem since everyone
has been lulled into a false sense of security. This kind of "inflation" hasn't been seen
in close to 40 years. People under retirement age may remember the "tepid" inflation of
the late 90s and early 2000s. It was nearly as random as the "sector" recessions.
Then ... there was the worry of DEFLATION during tbe Great Recession. The exact opposite
of inflation. That means inflationary pressure is unknown to half or more of the U.S. population.
To make matter worse, politicians lack conviction. They are slaves to the party line or
their corporate donors. Basically greed in one form or another. Either way it rarely makes
for good policy choices. Many don't have to be fans of former President Trump to love the
tax breaks he enacted. That money has certainly helped the rich get richer. And let's not
forget the crazy Covid stock market!
Right now a vast sum of money is sloshing around in the system from the tax cuts, the stock
market run up, and the covid relief fund. More than 3 trillion dollars over and above an
annual government budget. Moreover, given the nature of the emergency little effort went
into waste, fraud, abuse. Now more money is on the way following the recently passed
Infrastructure Bill ($1.2_T). It's not just roads, Bridges, and ports. It's also broadband,
Municipal Water Systems, and more. Unlike targeted bills of years pass, the U.S. has entered
the age of massive spending. Comprehensive bills that make hiding money all the more easy. In
other words, "pork" never left Washington after the defeat of "earmarks". They just poured on
the gravy to obscure it from view.
So now a combination of factors have brought out the "ghost of Christmas Past" .... INFLATION!
Clearly this doesn't seem to be the right time to pass a $1.9_T Build Back Better plan. After
all, "the road to Hell is paved with good intentions". Whatever policy intends to help "the
greater good" will be wiped out by bad timing, hidden money, and overreaching goals. Ultimately
the social safety net will be just the opposite. It will be the road to ruin when the Federal
Reserve is forced to raise interest rates to combat inflation. A similar situation followed
Lyndon Johnson's Great Society.
So just like the 1970s, demand for cars and housing will plummet. Jobs will be lost and the Fed
will be caught between "a rock and a hard place". Resulting in STAGFLATION. The scenario by
itself doesn't pretend apocalypse, but rising interest rates will bring the national debt into
wider consideration. As well as the national debt of other nations. Across the globe government
budgets will be slashed and the global recession will follow .... DEPRESSION???
Now factor in Covid, mass migration, and rising tensions with Russia, China and others. Not to
mention, climactic disaster not seen throughout written history. Just a few days ago, a December
28th 00 outbreak to rival the worst spring has to offer. We now have the perfect recipe for the
APOCALYPSE: PESTILENCE, ECONOMIC DISASTER, CHAOS .... WAR.
The dominoes are falling. Right now this is a slow mover. So the click is only being raised 1min.
PS. The secondary concern of Biblical prophecy needn't be considered in the absence earthquakes
and volcanoes .... everything we are facing is certainly man-made at this point.
APOCALYPSE CLOCK - SETTINGS
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