Nov. 1, 2023 - The Truth Central - Dr. Jerome Corsi
47:33
How the Left is Falling Apart Over Israel and Hamas; Why a China Crash is Coming
The Israel-Hamas War continues as Israeli forces move more deeply into Gaza while Congress is debating over whether or not to separate funding for Israel and Ukraine. While the US is sending more troops to the Middle East to defend its own bases, there is a huge political fight within the Democrat Party as the monolith's Leftists are fighting each other over some of their support for Israel and others' support for Hamas. On the surface, it is an intriguing watch from the sidelines, but it goes much deeper than simply "taking sides." It has quite a bit to do with the Left's own indoctrination methods, infrastructure and need for collective thought. Dr. Jerome Corsi breaks it down and explains what's happening on The Truth Central. Dr. Corsi also looks into:More on the debate over aid for Israel and UkraineGermany's Defense Chief says we might need to prepare for war in EuropeThe subprime car-buying market is failingWhy China's economy is likely headed for a crashOUT NOW: Dr. Corsi's new book: The Truth About Neo-Marxism, Cultural Maoism and Anarchy. Pick up your copy today on Amazon: https://www.thetruthcentral.com/the-truth-about-neo-marxism-cultural-maoism-and-anarchy-exposing-woke-insanity-in-the-age-of-disinformation/Get your FREE copy of Dr. Corsi's new book with Swiss America CEO Dean Heskin, How the Coming Global Crash Will Create a Historic Gold Rush by calling: 800-519-6268Follow Dr. Jerome Corsi on Twitter: @corsijerome1Our website: https://www.thetruthcentral.comOur link to where to get the Marco Polo 650-Page Book on the Hunter Biden laptop & Biden family crimes free online: https://www.thetruthcentral.com/marco-polo-publishes-650-page-book-on-hunter-biden-laptop-biden-family-crimes-available-free-online/Our Sponsors:MyVital https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/ Swiss America: https://www.swissamerica.com/offer/CorsiRMP.php The MacMillan Agency: https://www.thetruthcentral.com/the-macmillan-agency/ Pro Rapid Review: https://prorrt.com/thetruthcentralmembers/Become a supporter of this podcast: https://www.spreaker.com/podcast/the-truth-central-with-dr-jerome-corsi--5810661/support.
This is Dr. Jerome Corsi, and today it's Wednesday, November 1st, 2023.
This is Dr. Jerome Corsey, and today it's Wednesday, it's November 1st, 2023.
The first story I want to cover has to do with the congressional debate over funding
Israel.
What's going on in Congress right now is the debate between whether Ukraine or Israel,
who deserves the funding.
That's one of the big issues.
And we're finding here that the lawmakers are essentially at odds, as usual, with now the House Speaker, Mike Johnson, who is a Republican from Louisiana, just elected House Speaker last week.
has a 14.3 billion Israel aid bill that incorporates offsets from the IRS budget,
but excludes funding for Ukraine. Now see, what the Republicans want to do in the House
is say this Ukraine war is going nowhere, and it's in fact a State Department-generated war,
going back to Hillary Clinton, who supported the oligarch Pinochok in 2013, taking money to the
to the Clinton Foundation while she was Secretary of State.
That's why she had her private email server so she can conduct business Trading or, you know, bribing, basically bribery scheme, trading State Department policy for oligarchs who wanted to contribute to the Clinton Foundation when the Clinton Foundation was in its heyday, which it certainly was while Hillary was Secretary of State.
As long as one of the Clintons had access to being in power, the Clinton Foundation was a moneymaker.
Same as with Biden.
As long as Biden was vice president or president, Hunter, Was able to rake in billions of dollars in graft and bribery.
Okay, so the... Mike Johnson says, enough with Ukraine!
The State Department engineered the Maidan rebellion in 2014, I believe, and then we had the overthrow of Yanukovych, who was duly elected, but Russian favor... favoring Russia, president of Ukraine.
And Ukraine began to be destabilized.
East and West began to be at odds.
The eastern part of Ukraine is very favorable to Russia, largely Russian speaking.
The West is very close to Germany.
In fact, was in World War II very closely allied with Hitler.
So Ukraine has been a divided state.
This war is probably, I mean, I think essentially unnecessary.
If we hadn't continued to push NATO right to the border with Russia, we wouldn't have had Putin wanting to invade.
But Putin, as a nation state, Russia wants access to the Mediterranean through the Black Sea, which demanded it take over Crimea and take over Sevastopol, the great port on the Black Sea in Ukraine.
And also, the Republicans do not want to add to the deficit.
They want to cut other spending in order to provide this $14.3 billion aid to Israel.
Now, the Democrats are divided because the Democrats, many of them, want the Ukraine aid to continue and they want Israel to be funded, although there is a great deal of the Democratic Party, which we're going to talk about, that is now in favor of Hamas.
So, what you're seeing is that the House will probably come out with a bill much more favorable to Israel, maybe nothing for Ukraine, and the Senate, which is supporting both Mitch McConnell and Chuck Schumer, Supporting Biden's $105 billion foreign assistance package, which he wants to provide money to Israel and to Ukraine, and Biden wants it to add to the deficit.
Now, this battle is going to go on for a while.
Senate Majority Leader Chuck Schumer the Hill is reporting today, on Tuesday, called the House's $14.3 billion measure to support Israel, woefully inadequate.
The GOP goal to challenge the White House and buck a bipartisan approach preferred by the Senate to approve supplementary funding including Ukraine which would add to the deficit.
So, the Senate would add the proposed international assistance to the deficit.
The House would seek spending cuts to offset the proposed red ink.
Now, this is at a time when we're going to be borrowing $1.5 trillion this quarter, the fourth quarter of 2023, and the first quarter of 2024.
the fourth quarter of 2023 and the first quarter of 2024.
It's all scheduled, which is an historic amount of debt to raise. And we are rapidly heading towards
$34 trillion in debt as At a much faster pace, it's accelerating.
This is frightening, and Congress seems to have no ability to control spending at this point.
Now, the next story, which is very related, is that the Israel war is dividing the Democratic Party.
Why?
Because the woke Democratic Party is anti-Semitic, a side with Hamas.
And what you're finding is that the Jews of America, who typically have been Democrats, you know, Harry Truman was a Democrat, he's the one who partitioned, allowed the partition vote, the United Nations to go through in 1948, that created Israel, the Democrats Have been very much Democrats as a result largely of that, and also the Democrats have been very progressive, very leftist, and in line with the increasingly hard left of the Democratic Party.
The problem is that on the hard left, the woke left, the neo-Marxist left, which has come to be the core of the Democratic Party, the Democratic Party is effectively a neo-Marxist party.
I'm basically hating America.
And supporting Hamas.
So, a lot of the Jews who found themselves progressives, which were more classical liberals.
See, these distinctions are important.
The classical liberals didn't like inequality of income, didn't like economic discrimination, wanted to see minority groups gain with economic gains, bringing them up closer to the majority, whites, Populations in terms of economic opportunity.
And that's that was a traditional probe left.
That's the old left now of the 1960s.
This would be the left of Lyndon Johnson and that whole era.
The Great Society was a liberal program designed to spend in order to end poverty.
It didn't end poverty.
It just expanded dependence on government and expanded the federal government's presence in people's lives to the detriment of our freedoms.
So now you've got the Jewish population that is democratic, the progressives, feeling like they've been marching with the Democratic Party, which now is turning on them, supporting Hamas.
So you have liberal Jews have been devastated by scenes.
I'm just going to read from an article on the Wall Street Journal today.
To liberal Jews devastated by scenes of the deadliest attack on Jews since the Holocaust, the ensuing weeks have shattered illusions of solidarity.
As according to Jonathan Greenblatt, who's the CEO and director of the Anti-Defamation League, College students and faculty, as well as chapters of Black Lives Matter and Democrat Socialists of America, have justified or even celebrated Hamas's actions, while many others have emphasized the Palestinian plight and criticism of Israel over sympathy for the victims of terrorist attacks.
These are themes you're going to see escalating.
You're going to see that Gaza is being ethnically purified, that children are being killed.
I was watching one of the hearings where Secretary Blinken, one of my least favorites, was testifying, and throughout his testimony, young supporters of Hamas popped up and said, end the war.
The Jewish soldiers are killing Hamas children.
There's 3,000 children killed.
There's 8,000 people killed in Gaza already.
And Israel is probably going to level Gaza, make it all rubble.
The only major city in the Gaza, there's a little tiny strip of land on the Mediterranean in Israel, just to the east of Egypt, borders Egypt.
And there's ties and tunnels between Egypt and the Gaza.
So, what is happening is, you're finding That the Arab Americans, the Muslim Americans, are moving away from supporting Biden, because Biden's in a difficult position.
Biden, as a Democrat, traditionally would support Israel.
But even with Obama, when there were incursions into Gaza or into Lebanon, during Obama's administration, Obama did not long support Israel.
He began to cut off the aid to get Israel to stop the incursion.
Even the left in Israel has taken away the arms, taken away the guns from the citizens.
It's very hard now for a citizen to get a weapon in Israel.
The left around the world wants to de-arm populations.
Well, you saw the population of Israel on this October 7th attack couldn't defend themselves.
They were completely vulnerable to the terrorists who had weapons, and they had none.
The one or two kibbutzes that had weapons defended themselves.
So now you've got the Justice Democrats, which supported Hamas, supported the congressional members of the Squad, are advocating for Palestine.
So they're arguing against more centrist Democrats.
He said, if you are advocating at all that Palestinian and Israeli lives should be treated
equally.
There's a feeling that the party doesn't really care about you at all," he said.
In other words, the Democratic Party is not valuing Israeli and Palestinian lives equally.
They're saying Palestinian lives are more important.
So Biden is losing voters.
He's losing 7% of support with voters under 35 because he isn't supporting the Palestinians correctly, in their view, correctly or enough.
The left, the children who've been educated in woke schools, woke universities, are almost universally supporting Hamas.
The woke faction of the Democratic Party, which is neo-Marxist, and again, I've highlighted this in the new book, Chris, if you'll show the cover of the new book on neo-Marxism, cultural Maoism, and anarchy.
You'll see that book is just out, and what I'm arguing is that the The core of the Democratic Party has become Neo-Marxist.
And those coming out of universities, the next couple generations we've got of young people...
We'll ally with the Democratic Party, but they will be strongly wanting to engage in a cultural revolution like you saw in China when Mao took over in the 60s, when all the youth, the Red Guard, ran around with these little red books of Mao's sayings, and they brutalized anyone who was educated or a capitalist or bankers.
They tore down traditional society.
They destroyed churches and libraries.
They basically destroyed Chinese traditional culture, which was their aim.
As the woke in the United States today aims to destroy capitalism and views the United States as a racist country, sees the United States as evil.
We've raised probably two generations now of youth in America who have been taught to hate America.
And they do not have any belief in God.
They have not been trained with a moral education.
God's been taken out of the schools.
Church attendance is way down.
Even the churches are getting dominated by this liberation theology, which is pure Marxism.
So, the Democratic Party right now is fracturing.
Fracturing between the traditional old left of Nathan Glazer, if anyone remembers some of the names from the old left in the 1960s, these were good people.
They had sympathy for those who were discriminated against as minorities, largely racial minorities.
They sided with Martin Luther King.
They marched with Martin Luther King.
Martin Luther King wanted race not to be an important consideration.
He wanted us to be colorblind.
He wanted blacks to have equal opportunity.
That's Nathan Glazer.
He was a very prominent leftist intellectual, but he was not a Marxist.
He was opposed to Marxism.
He wanted more economic freedom for blacks.
He wanted to end discrimination.
And then they're putting in a set of rules like affirmative action, which is the busing, trying to get the integration in the schools.
All these social engineering in the 1960s were a disaster and they limited our freedoms.
And the hard left The Marxists knew that exacerbating race was a way that we could engineer a society that would be more government-controlled, more totalitarian, and we would be ending our traditional freedoms.
So, that woke left Neo-Marxism, conducting a cultural revolution in the United States.
Gender confusion.
Everybody's racist.
Everything is racist.
This is destructive.
And today, with the Israel war, around the world, as the world has gone in this Neo-Marxist direction, You see an enormous amount of protesting for Hamas.
This goes back to the early days of Ayatollah Khomeini before 1979, when he re-entered Iran, did the Iran Revolution, which put the clerics in charge, the mullahs, as they called them, in charge of Iran.
The left was going, the Muslim left, was going Marxist.
And again, this is the both hating America, hating capitalism, wanting to destroy.
Now for different reasons.
The Muslims wanted to destroy because they wanted to destroy the radical Muslims.
The terrorist Muslims, the extremists, wanted to essentially persecute Christians and have Islam be the religion of the world.
And they sided with the Marxists because the Marxists wanted to destroy capitalism and they shared a goal that they hated America.
And that axis of evil, that's the fundamental moral axis of evil that we're seeing today playing out worldwide for support for Hamas.
Now the issue is that this war in Israel is not going to be quick and it's not going to be easy.
The Gaza campaign is probably going to go on for months.
Now, the United States will want to withdraw support.
Certainly, Biden's going to be pressured to stop Israel from taking over the Gaza.
Israel appears determined, and there was a release of a report that looks like it was a trial balloon leak from Israel, talking about ethnic cleansing in the Gaza.
In other words, getting rid of Hamas altogether, having Israeli control over the Gaza Strip.
And throwing out the Hamas leadership, and destroying it block by block in Gaza City, and then going through sweeps of the entire country.
There's already about 600,000 refugees trying to get out of Gaza.
And Egypt doesn't want them.
Egypt says it's going to stop them at the border.
The Palestinian people have been a problem since 1948.
There's been a wandering group of Muslims that claim to have been dislodged in 1948 from their homes when the State of Israel was created.
Truth is, most Palestinians stayed in place.
And this wandering group, which was headed by Yasser Arafat for a long time, until recently.
I was in Israel the day Yasser Arafat returned to Israel.
And as a Palestinian coming home.
Well, he wasn't Palestinian.
He was born, Yasser Arafat was born in Egypt.
He was Muslim Brotherhood.
Muslim Brotherhood had been in command of Islam in the Middle East, that's Yasser Arafat.
Since Hitler, when Hitler promoted the Muslim Brotherhood as the group that he wanted to align with, In order to take over power in the Middle East.
And that was successful for Hitler.
The Muslim Brotherhood has been in ascendancy since the 1940s, and Yasser Arafat continued that tradition.
Today, the head of the Palestinians is not that well known, but the group has radicalized in its initial attempt, Hamas, Now, taken over from the Muslim Brotherhood, control of the Palestinians has passed from the Muslim Brotherhood to Hamas.
And Hamas was created to destroy Israel.
And there is no compromise.
Two-state solution doesn't work when one side is committed to destroy the other.
Okay, so as we continue this, I wanted to make it clear that this war is going to take a long time.
And it's probably going to eventually, or maybe already, involve Lebanon with Hezbollah attacking, and Israel's also begun lobbing weapons, missiles, etc.
I don't think they've done airstrikes yet against Hezbollah in Lebanon, and also Syria, where the remnants of ISIS operate.
So you've got the potential here of a regional conflict, and Russia and Iran are behind the Muslims, The United States, to a certain extent, is behind Israel, but it's compromised by this neo-Marxist left that dominates the Democratic Party supporting Hamas.
And this is going on at the same time the Ukraine war is going on.
Now, the next story I'm covering has to do with Germany.
What Germany is saying now is that Germans have to prepare for a European war.
They're saying that the public must get used to the possibility of war in Europe.
Now, this type of dialogue has not been discussed since the 1930s about Europe, and it led to World War II.
And World War I and World War II started in a series of initial phases that escalated.
World War I started with the assassination of Archduke Ferdinand in Sarajevo.
And all these alliances that the two sides, you know, that had Germany and other countries, including Russia, one by one started to go to war.
And pretty soon you had Russia and France and England against Germany as the major powers.
That was a, World War I was a bloody disastrous, it was trench warfare that was almost like a slaughter.
And same with World War II.
It started with Hitler beginning to take over parts of Czechoslovakia, the Sudetenland, moving in step by step to claim territory he argued was originally German.
And then finally in 1939, Hitler invaded Poland, and we had the beginning of World War II.
Again, a bunch of alliances kicked in, and you had the formation of Great Britain and France again against Germany, with Russia joining France and England against Germany.
These are configurations that have been going back hundreds of years.
And today you'll find Russia supporting Iran, China joining Russia, and we are trying to support Israel, but even in France there's a growing movement to support Hamas, though there are French citizens who are captives right now, and hostages held by Hamas in the Gaza.
Great Britain, I'm not sure, will support Israel either with the strength or support that may have traditionally been there.
But again, Great Britain has been compromised on this issue for a long time.
So Israel, if they're going to fight alone, will increasingly face the fact that they run out of money, they run out of munitions, and if the war continues, they'll probably have a need to escalate the type of weapons they use and the violence they use.
This is a potentially Catastrophic situation.
And what's happening in Germany is a recognition that, you know, Ukraine started putting out this message that this is the beginning of World War Three.
Well, that's because Zelensky wants more money.
We keep giving Zelensky more money because it's the best country in the world for money laundering and corruption.
And again, corruption dominates our presidency and our Congress, and the Justice Department does nothing about it, because the Justice Department is now equally woke.
In terms of this message about World War III, it's a complete admission that the Ukrainian offensive, that was all this touted counter-offensive was going to happen in the spring and summer, failed.
And Russia has not been dislodged from the positions Russia's gained, which is largely in Eastern Ukraine and Southern Ukraine, the Donbass region and the region around the Black Sea.
And they won't easily be dislodged.
If we continue to send money over there and greater weaponry, Ultimately, the Russians will not take the casualties.
The Russians have tactical nuclear weapons in Belarus, and they would use them if needed.
The two triggers in this war are, first of all, Kiev.
If Russia takes Kiev, or Russia nukes Kiev, or begins bombing Kiev, that's a major escalation.
Kiev is the capital of Ukraine.
The same with Tehran and Tel Aviv.
If the Israelis decide to do an air attack or missile attack on Tehran, Which could be devastating to Iran.
Again, where the mullahs mostly live.
You're going to find that escalates it dramatically.
The same as if there's an attack on Tel Aviv.
And Israel is really a one-bomb state, one nuclear weapon the size of the Hiroshima bomb would essentially end the Jewish state as we know it.
So, it's extremely difficult in terms of the world is going to war.
And you'll see Russia calculating that this war in the Middle East actually improves their chances in Ukraine because now our allegiances, our money, and our weaponry are going to support Israel.
The winner in this are the arms industry, the 26 or 30 companies or 50 companies that manufacture arms and the arms dealers.
It's their payday.
When we had the pandemic, it was the payday for the pharmaceutical companies.
Now it's the payday for the arms manufacturers.
And Germany is talking about re-militarizing.
Again, this is happening at a time of economic weakness, and that's the next subject I'm going to shift to.
But Chris, you want to comment on what we've covered so far, which is certainly looking like the beginning of World War III.
That it is, and we haven't, as you said before, we haven't heard Germany talking about a war happening in Europe since, as you said, the 30s.
That doesn't bode well, I'll say that.
The thing is, though, a lot of wars have been fought in Europe and the Middle East over the last, I don't know, three, four, five centuries.
How about millennia?
Yeah, there we go.
That works.
I was just being nice.
The fact is, The fact is we're going to see an escalation, not exactly immediately.
What we're seeing is sort of a bit by bit escalation.
You see the spurts like what happened in Israel and Hamas and of course what the initial Russian invasion, everything's going up and up.
The Pentagon just sent 300 more troops to the Middle East and not to intervene in Israel, Hamas, but to protect our own bases from attacks, drone attacks and everything else.
So things are happening and they're And basically what some of these other nations are doing is poking the bear.
On the other hand, NATO has also been poking the bear when it comes to Russia.
It seems like these factions want war.
We talk about the depopulation types.
This is going to be a serious issue.
It is.
And let's switch to the economics, because again, I want people to get a copy of this free book.
The book is called, hold it up here for a second, the book is called the, I saw this coming, I wrote a book called The Coming Global Crash Will Create an Historic Gold Rush.
That's an important theme.
You can get a free copy of this book by calling 1-800-519-6268.
That's Swiss America.
Swiss America's been a partner, a sponsor of my programs going back to 2004.
And the theme of this book is we're doing a combination of 1970s economic crisis and the 2008-2009 economic crisis.
In 1973, we had the Yom Kippur War, followed by the Arab oil embargo, and Jimmy Carter went through the first round of stagflation.
Interest rates got up to close to 20%, and gold rose to $843 an ounce.
Then 2008-2009 with the collapse of the subprime real estate market and the bursting of the real estate bubble caused a great recession and gold went to $1,426 an ounce.
COVID, gold came to an all-time high of $2,074.60.
$6 an ounce.
COVID, gold came to an all-time high of $2,074.60.
Gold has been trading at or near $2,000 an ounce.
Let's see where it is today.
And gold price today is right at $1,985 an ounce.
So the gold traders are suppressing the price of gold, but it has now started crossing $2,000 an ounce.
And it will sometime soon not be able to be contained.
It will have this dramatic kind of a rise because we're only at the beginning of the chaos that we're going to see that causes a global crash.
Now, two stories I want to cover that stress this are, first of all, we're seeing in the auto market there is a increase of delinquencies, especially in the subprime auto market.
Now, a lot of things happened with cars during the pandemic.
coming out of the pandemic, people were getting their, trying to get a car that had still money to be paid on it
and putting that into the new mortgage.
So lenders were saying, we'll give you money to repay what's outstanding on your existing car loan
and we'll sell you a new car.
Of course, we'll add that into the lending.
So, cars were costing over $1,000 a month just to maintain monthly car payments.
So, 17% of Americans now have monthly car payments over $1,000.
So 17% of Americans now have monthly car payments over $1,000.
That's a significant increase from only 7% of Americans who had that much,
$1,000 or more of a monthly car payment three years ago.
So this trend is frightening because what's beginning to happen
is that the number of people who are 30, 60, 90 days in arrears on their car payments
is growing dramatically.
We're getting to numbers that we haven't seen in a long time.
So when this happens, We're gonna see a round of repossessions of these cars.
People say, you know, there's a growing trend on Google searching, you know, can I turn my car back in?
No, you can't give your car back.
So, a study done by a car dealership guy showed that Americans are searching, give car back, on the internet, it soared to a record high.
Well, giving your car back is a repossession.
The percentage of subprime auto borrowers at least 60 days past due on their loans rose to 6.11% in September, the highest rate going back to 1994.
This is going to happen throughout the economy.
There's a housing bubble that's going to burst.
30 year fixed mortgages are now at 8%.
That makes a monthly payment on a house out of reach for most Americans in the middle class.
Now, when you can't sell houses, the houses are probably going to go down in price.
And a lot of Americans are saying, I have a zero interest or near zero interest mortgage from the Obama years when the Federal Reserve is keeping interest rates at zero to boost the slagging economy under Obama.
And the market is going to suffer.
There's not enough inventory.
There's not enough buyers.
The buyers that are there can't afford the new houses.
You're going to see housing prices decline.
And people who have good mortgages are going to pay them off.
They're not going to go get a new house.
They're going to stay where they are.
So you're going to have less moving and less turnovers of homes, which depresses the home housing market.
We're going to have a huge bubble burst in the corporate office space because downtown buildings are not being occupied.
They're 30 to 40% or higher unoccupied.
People are not coming back to work after the pandemic.
They don't want to come into the cities or rather work from their home.
It's more comfortable.
The cities are getting crime ridden with the Democrats.
And also cities like New York, the hotels are being taken over by illegals.
You'll hear from the border being wide open.
Again, I've always supported Hispanic immigration from the South, but I wanted it to be legal.
Now today, reporting is beginning to happen on these hotels that are, you know, New York City's paying millions and millions of dollars every month to keep these people in hotels.
And the hotels become unsafe because gangs begin to operate.
Young kids form gangs and they begin to operate criminally, which makes the downtown areas unsafe.
That plus homelessness, especially on the West Coast, where the weather tends to be milder in Los Angeles or up North Portland, Oregon, Seattle, which has winters, but rarely snows.
You can live outside much more easily than you can in the Northeast, where we typically get snow, at least some snow every winter.
These are going to produce an economic crisis.
And the last story I want to cover, I'm going to add one more, but one story I plan to cover is the fact that China is imploding economically.
And it's now this Communist Party under Xi Jinping has been a disaster for business.
The Communist Party has been more interested in suppressing the people.
Lockdowns, they're increasing the totalitarian control of the Chinese people, and the Communist Party is trying to hide the facts, but financial stability, in China, if you even mention it, or if you're a news person and you report an economic downturn, you're likely to be imprisoned.
It's not quite at that stage here yet, although the woke Democrats would take it there very quickly, with thought crimes and speech crimes and hate crimes, all of which are infringements on the First Amendment.
They don't want to have a First Amendment.
They don't want to have a Constitution.
They don't want to have God.
Okay, so the economic downturn is largely because China's been overbuilt, The real estate, big real estate firms are collapsing.
Chinese that have invested life savings in new homes to be built or finding those new homes aren't being built.
They've lost their life savings.
Middle class is stagnating.
And Western companies are coming out of China in droves.
So Western manufacturers coming out of China, the flight of the Western manufacturers out of China has accelerated.
American and European firms are seeing the writing on the wall.
They see the world's growing disenchantment with Beijing's trade and foreign policies, with many anticipating a decline in economic stability and a greater degree of decoupling from China in the future.
China is also controlled by corruption.
The Chinese economy is a government-controlled economy controlled by corruption and not market forces, but the Chinese government funding what it wants to fund and dictating the rules.
There's also a race to exit Chinese real estate.
Some wealthy Chinese have been selling their China properties as quickly as they can.
They're just desperately trying to move their money out of China and invest abroad before the value of their Chinese real estate holdings loses even more.
So, the world economy has begun to collapse.
And as it does, the credit crisis will kick in.
Because without revenue, without tax revenue, without economic growth, The governments are not going to have the money they need to service the debt they've accumulated.
The United States is now going to $34 trillion in debt.
Our national debt exceeds our gross domestic product.
That's a danger sign.
We're paying over a trillion dollars a year in interest earnings, and we're just printing the money to pay that interest.
That's the modern monetary theory.
With fiat currency, it doesn't matter if you have deficits, they say, because you can always pay them off with new currency that the state treasury issues.
This is a formula for hyperinflation.
It's going to collapse.
And it's going to collapse deeply.
I'm encouraging people, take your money out of the stock market.
I know the stock market has done well over the last couple of days, but it's not going to last.
It will crash.
And the point is, the fundamentals When you look at the earnings, as the earnings get reported for the third quarter, as the earnings worsen in the fourth quarter, layoffs are occurring.
Companies are realizing.
The final thing I wanted to point out is that people are realizing that the green technology doesn't work.
There are major reports out for the first time I'm seeing them.
Where the world's largest offshore wind farm developer has just abandoned two major U.S.
projects as the renewable bust continues.
What they're finding is that all these projections about the cost of generating offshore wind energy have been wildly exaggerated.
What's happened is what I expected to happen, and that is Those developing these have taken windfall profits on the government subsidies.
And just like Solyndra failed, the big Obama effort to get all of these solar panels in place in the desert to provide cheap energy, renewable energy, the project failed.
And the developers were not put in prison.
They walked away from bankruptcies and kept the money.
So the capital costs of these wind farms are causing the generation of electricity by the wind farms to be many times more costly than generating electricity with hydrocarbon fuels.
And that's the bottom line of why the wind and solar aren't gonna work.
Because economically, they cost too much money.
And they are dependent upon government subsidies.
I covered this yesterday, that the real cost of an electric vehicle is about $17 a gallon, a comparable gallon.
What it costs when you take the subsidies and everything else into consideration, the electricity to recharge these cars, electric vehicles, comes to about what would be the equivalent of $17 in gasoline.
And that's just not economically sustainable.
The modern industrial state is not predicated on running on expensive energy.
So, get your money out of the stock market, because when the stock market crashes, those who wait too long lose everything.
Get a copy of this book.
With the coming global crash will create a historic gold rush.
Dean Heskett is my co-author.
He's the CEO and President of Swiss America.
The toll-free number is 1-800-519-6268 to get a free copy of the book.
1-800-519-6268.
And the book will show you the forces at work to de-dollarize.
The combination of these wars, Ukraine and Israel, potentially in Taiwan, are going to put the world in an economic crisis.
Along with the fact that the credit extended both to individuals and the credit extended to governments.
We're all living on borrowed time and eventually it crashes.
Chris, any final comments?
We're going to wrap up.
Once again, I want to stress that this book is free.
And again, call this number one more time.
I want to give that out.
Again, I want to give that one out.
800-519-6268.
That's 800-519-6268.
A lot of countries are switching to digital currencies.
And as you know, earlier in the year, the Biden administration, actually Joe Biden himself, signed an executive order carrying, or at least Taking more control over our bank accounts and what happens with our transactions over places like Venmo or PayPal or anything else.
Keeping a close eye and basically opening us to major surveillance.
This is where your central bank digital currencies are coming from as well.
So, yes, I'm not a financial advisor and believe me, I'm a radio producer, but the attraction towards looking at metals like gold and silver would be very important.
And this book is definitely worth the read, especially if you grab it for free by calling the number 800-519-6268.
Thanks, Chris.
Get a copy of it and start thinking to reduce your expenses, reduce your debt.
There you go.
And some gold, even for people of modest means, means you have something that will appreciate in value, in purchasing power.
Your money has to be looked at in terms of what it will buy.
Purchasing power is the key to the value of your money.
And right now, $100 at the grocery store buys a lot less than it did three months ago.
And it will buy a lot less three months from now.
And that's one of the reasons why people in the middle class are finding themselves strained.
And we're going to see a lot more delinquencies.
We're going to see mortgages go delinquent.
We're going to see cars go delinquent.
And the middle class is in for a very tough ride.
Let's wrap this up.
I always say, in the end, God always wins.
God will win here too.
But we are going through the judgment of God.
We have allowed God to be taken out of the schools, going back to the 1940s.
Now God has disappeared from, you know, you can put up a statue of Satan easier than you can put up the Ten Commandments.
And the forces that are out there, trained ideologically, brainwashed, you know, you talk about global warming, Which demonizes carbon dioxide because hydrocarbon fuels emit hot carbon dioxide.
Carbon dioxide is essential.
We didn't have carbon dioxide in some quantity.
We would not be able to have any green grow.
Carbon dioxide is plant food.
Less than 110 parts per million of carbon dioxide in the atmosphere.
You're not going to have plants.
And the middle... this whole...
Decarbonization is going to brutalize the third world.
You'll find Africa is going to begin starving.
And as Chris pointed out, we've covered this extensively, we've got a depopulationist move which dominates the World Economic Forum and the globalist thinking.
They don't care about people.
That's the fundamental reality.
Well, God cares about people, and God's given us a remedy.
In 2 Chronicles 7-14, God admonishes us that if we get on our knees, as I am doing, and asking God to forgive us for getting into this crazy situation, asking God to end this woke, Which is insanity.
It's like malware in a commuter.
It's malware for the brain.
It makes people function improperly.
The woke can't explain to you any science behind global warming, other than the site, the International Panel on Climate Change for the United Nations, which is ideologically driven.
It's anti-capitalist movement.
I've written two books on this, both Truth About Energy, Global Warming, and Climate Change, and The Truth About Neo-Marxism, Cultural Maoism, and Anarchy.
If you want to understand what's going on, these books are critical to explain it.
God will win here, and the judgment of God is not going to be particularly pleasant.
But what Second Chronicles 7.14 says is that if we do get on our knees and beg God's forgiveness, God will hear our prayer and heal our land.
It doesn't say God will make the problem go away.
The healing of the land may take a massive war and a massive economic downturn, and a lot of people are going to suffer.
I think woke is going to fall out of fashion quickly once people realize it has led them, just like the Communist Party in China, Totalitarianism has led them into economic collapse and wars.
All woke and communism and cultural Maoism can produce is destruction, and we're seeing the destruction evident today.
It's beginning to happen.
It's only beginning to happen.
It's going to get worse before it gets better.
I do see light at the end of it, but only if enough people come back to God.
We cannot have civilization without God, and human beings can't function Without a moral education and a spiritual element.
This Dr. Jerome Corsi today is Wednesday, November 1st, 2023.
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