🔵 My Financial Warnings - January

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My Financial Warnings - January 2021 - Slumpflation

Banks, Lockdowns, Business Collapse, Job Losses, Stimulus/Rising asset prices, Inflation/Deflation/Stagflation/Slumpflation, Asset Price Rises.

I’m getting more and more worried about the banks everyday, even my own account was frozen this week. Long interview with my bank

Banking/Finance:
- 4,000 finance firms could collapse
- Every bank will be at risk that makes loans when the real crisis comes
- Fractional reserve banking system abolished in 2020!
- The problem right now is that the banks have helped the big corporations to become zombie companies
- Share buybacks!
- As profitability begins to shrink, we head towards not just deflation but also depressionary conditions
- So these companies won't be able to pay that debt back even at these low interest rates because they will have bought their shares at a high price with borrowed money and then the stock price is going to drop
- This is all going to come at a time when debt becomes more expensive for businesses

Lockdowns:
- This concept is known as institutionalisation, people are getting used to lockdowns
- The UK lockdowns have been horrific for peoples mental health, business collapsing, jobs lost, etc

Businesses Collapse:
- Business closures, lead to more job losses as a result of overproduction due to an undersupply in demand of that production
- An example of this would be how many of you have bought swimwear this year or vacation clothing? Probably not many
- Business are destroying themselves by making it hard to give them money
- This will result in businesses collapsing, record unemployment, consumer prices coming down through deflation

Job Losses:
- When people can't work, they can't pay their bills either
- We live in a society that has been deliberately manipulated to spend instead of saving, this is because saving money reduces the velocity of money, reducing the velocity of money is not good for the government or the central banks
- The Government want a high velocity of money because each time that money is spent, it means that the government receives taxes on that money
- But now without people earning money from their jobs, how do they pay their bills? They simply can't. This means that the government will need to step in and stimulate, they will need to provide stimulus to the people who are unemployed
- More stimulus will continue to do what it's already doing, and managed to push up the price of houses and the stock market...
- This is actually extremely bad because the stock market should be crashing right now, but is rising instead due to the stimulus
- The majority of this new stimulus currency creation won't even hit the consumer price index until March of 2022 approximately
- Unemployment is going to continue to rise… the business collapse is continuing!

Inflation/Deflation/Stagflation/Slumpflation:
- We have a NEW phenomenon right now which I talked about back in April 2020 last year called stagflation, not seen since the 1970’s
- The reason this is a phenomenon right now is because the deflation in prices is due to Government lockdowns
- Usually deflation comes as a result of cutbacks, or a lack of money in the currency supply
- This is causing retail businesses to dump their stock at cheap prices, an example is clothing. They work months ahead (fashion, etc). The lines will be no good next year, so they need to get the stock out now at a discount

So here’s my next crazy, prediction:
Slumpflation: A situation in which economic depression is combined with increasing inflation - I expect this to happen in 2022-2023

DISCLAIMER
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Видео 🔵 My Financial Warnings - January канала Neil McCoy-Ward