by Greg Hunter, USA Watchdog:
Lawyer John Titus is an ardent Fed watcher. He has some of the most popular videos on the internet explaining complicated Federal Reserve actions and policies. Titus says the Fed is in a dangerous situation where the slightest wrong move in any direction could cause a financial system meltdown worse than 2008. Titus explains, “When you have a debt based monetary system and you take away the drugs, you risk a withdrawal process that can get very nasty, and that’s exactly what happened in 2008. You start this downward deflationary spiral, and suddenly, people start calling in loans. Oh my goodness, the collateral is not good, and we all know what happened in 2008. That’s why the Fed has got to be careful now. They are between a rock and a hard place. They don’t want the money supply, the bank money supply, at the retail level to rocket up. They’ve got to stop that. They have stopped that on one hand, but on the other hand, they don’t want the deflationary spiral. The last thing they want in the world is the twin nightmare. You’ve got raging inflation, and by the way, no one has a job, and nobody has any money. The money you do have doesn’t buy anything. The Fed is staring right at it.”
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Titus contends the Fed has printed more money than ever before and at a much faster pace than ever before. Titus warns, “The confetti party has a way of ending rather rudely and abruptly.”
What should the common person do? Titus says, “Not losing is winning. Not losing is a win, and that’s kind of where we are. If you put your money on gold last year, you may have lost 5% or gained 5%. It really was not that much, but it was a big win compared to the S&P 500 and bonds, wasn’t it? I mean you crushed them—right? You just don’t know. With the Fed raising interest rates, there is deflation on one hand, but in the grocery store, everybody is seeing inflation. Those two forces spell trouble ahead to me. I don’t know how this story ends, and I am not sure I want to know, but we are going to find out.”
Titus says get anything you can and hold as much as you can outside the banking system. Titus likes tangible assets such as physical gold, silver, art, paid for land, paid for vehicles, paid for business and cash, to name a few. Titus says, “To leave your money in a bank, you are leading with your chin in a dangerous time.”
Titus is predicting the Fed will be forced to stop raising interest rates and “start cutting them early in the third quarter of 2023, and by the end of the year, we will see QE (money printing) again.”
Titus says the worse things get, the more dangerous it will be for “We the People.” Titus explains, “The people that have the power to create money out of thin air are not going to give up that power willingly. They are going to do whatever it takes to retain that power. I am telling you, they are in a situation where they have runaway debt, and they have to find a way to bring down liabilities. Whether that way is to saw into your bank account through bail-ins or whether that is to cull people, especially people who are sick and drawing a lot of money out of the system. . . The system is openly criminal. There is no nice, polite boundary with criminals anywhere. They don’t draw a line and say we are willing to defraud people, but we would never kill somebody. Crime is crime, and these people are going to do whatever they have to do to retain their power. If that means people will have to be culled because they are drawing too much from Medicaid, then so be it. This is a completely logical conclusion that a psychopath would draw, and that is what we are dealing with here. This is all on the table now.”
