June 5, 2025 - The Truth Central - Dr. Jerome Corsi
36:20
Spiraling toward world war III: The Economic Factor
After all the bravado, several deal-spurnings and a recent drone strike against Russia, Ukraine President Volodymyr Zelenskyy now wants to talk about a ceasefire. What's the reason for the sudden turnaround? Meantime, several EU nations are facing economic disaster and hoping an escalated conflict could jumpstart their financial situations at the expense of two nations and their people. Dr. Jerome Corsi takes a close look at the economic factors potentially bringing us closer to a world war --- either in Ukraine or in the Middle East -- and the extra obstacles President Trump needs to navigate to calm down both conflicts on Corsi Nation.Visit The Corsi Nation website: https://www.corsination.comIf you like what we are doing, please support our Sponsors:Get RX Meds Now: https://www.getrxmedsnow.comMyVitalC https://www.thetruthcentral.com/myvitalc-ess60-in-organic-olive-oil/Swiss America: https://www.swissamerica.com/offer/CorsiRMP.phpGet Dr. Corsi's new book, The Assassination of President John F. Kennedy: The Final Analysis: Forensic Analysis of the JFK Autopsy X-Rays Proves Two Headshots from the Right Front and One from the Rear, here: https://www.amazon.com/Assassination-President-John-Kennedy-Headshots/dp/B0CXLN1PX1/ref=sr_1_1?crid=20W8UDU55IGJJ&dib=eyJ2IjoiMSJ9.ymVX8y9V--_ztRoswluApKEN-WlqxoqrowcQP34CE3HdXRudvQJnTLmYKMMfv0gMYwaTTk_Ne3ssid8YroEAFg.e8i1TLonh9QRzDTIJSmDqJHrmMTVKBhCL7iTARroSzQ&dib_tag=se&keywords=jerome+r.+corsi+%2B+jfk&qid=1710126183&sprefix=%2Caps%2C275&sr=8-1Join Dr. Jerome Corsi on Substack: https://jeromecorsiphd.substack.com/Visit The Truth Central website: https://www.thetruthcentral.comGet 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 X: @corsijerome1Become a supporter of this podcast: https://www.spreaker.com/podcast/corsi-nation--5810661/support.
This is Jerome Corsi, and today it is on June 5th.
It's Thursday.
And thank you for joining us here at CorsiNation.com.
And you can reach me on x at CorsiJerome1, at C-O-R-S-I-J-E-R-O-M-E 1, number 1. And also on Substack, JeromeCorsiPhD.Substack.com.
And we're doing Substacks almost every day now, so you can follow us there.
The story I want to lead off with is a kind of a reflection here on what's going on with President Trump and Putin.
They had a phone conversation yesterday, and it's been widely reported that Zelensky has done everything he can to cause World War III.
They had a drone strike, as you know, over the weekend on...
And then they blew up a section of the Crimea bridge again, which Zelensky is liking to do.
So now Zelensky is saying he wants a truce until a meeting with Putin can be arranged.
The guy Zelensky is all over the board and he's completely a nutcase.
I'm pretty convinced that Zelensky knows he's done.
That he essentially is an actor who's out of his lee, very deeply into cocaine.
And he's trying to cause World War III.
Then he wants a truce.
Putin's had it.
I think Putin's going to have a massive strike.
I think Putin will probably launch a major offensive and just try to take Kiev now.
And I don't think there's any way he's going to be stopped.
Of course, then the Europeans are all going to go berserk and say, well, we have to retaliate to make sure Putin doesn't take Kiev.
And the Europeans are going to want to go to war, which is insane.
The Europeans have no idea going to war is what it means anymore.
They couldn't fight World War II.
How are they going to fight this war?
Hitler just rolled his way through Belgium into France.
It was nothing that any of the Europeans could do to stop them.
So now Germany today, I'm going to cover this in a minute.
Well, we'll cover it right now.
Germany's about bankrupt.
I mean, all the stories coming out of Germany, or Germany has no money.
So Germany's a nation with major, major insolvencies throughout 2025 and even into 2026.
That's what the insurance or Allianz is saying.
It comes after a disastrous 2024.
We saw a record number of bankruptcies all through Germany.
Well, of course, Germany is going bankrupt because the energy is so expensive.
They closed down their nuclear plants.
And so Allianz Trade forecast an overall increase of 11% in corporate insolvencies in Germany this year, reaching 24,400 cases.
A further 3% rise to 25,050 cases is anticipated in 2026.
These insolvencies are estimated at putting 210,000 jobs at risk across Germany.
So the first quarter of this year, 16 large German companies with revenues of 50 million euro or more filed for insolvency.
It was a slight decrease of three cases compared with the same period last year.
It's double the number in the first quarter of 2023.
Okay, so now Germany is run by the left and the greens and the net zero crowd.
And with, you know, the Volkswagen is going to close three plants and cut 30,000 workers.
Okay, so the whole idea here that...
They're going to put an army in, you know, they're going to give some missiles and weapons to Zelensky and let him fire them off into Russia and then have World War III.
I mean, the whole thing is insane.
It has no rhyme or reason.
Well, Trump doesn't know.
Trump is basically saying he didn't get his big peace deal.
So Trump is saying, well, I guess, you know, there's nothing much he can do.
And probably there isn't much he can do.
If Zelensky is going to constantly be aggressive like this and constantly cause problems every time he's turning around, what can anybody do?
Okay, so...
Uh, It's just hopefully not going to go nuclear.
The two things that are likely to happen here is, I think, the best solution would be if someone could replace Zelensky.
If they would come to their senses and hold an election in Ukraine.
But I don't think that's going to happen.
So Putin is going to come in and he's going to have a massive offensive.
And Europe is going to react.
And I hope Trump just stays calm and does not go along with the European crowd wanting to intensify the war.
The best solution for Donald Trump is simply to cut off the money from Zelensky.
Cut off the money altogether.
Cut off supplying him with any new weaponry.
And basically, start talking sense to Zelensky and the rest of the world that we're not going to go to World War III over Ukraine.
Okay, and that's, I think, the only solution here.
let Europe, Europe is overrun right now with Muslims, but they've let in from Africa and from, you know, all across the Middle East.
And so it's now inundated with a group of Muslims We've seen riots in Paris, destroying some of the most luxury part of Paris, right around the Champs-Élysées, where the shopping areas are, where some of the best hotels are.
And Paris is suffering.
And there's no easy solution to this.
The Muslims aren't going to go back home right now, and there is no incentive for them to leave.
There's no incentive for them to assimilate.
Okay, so what you're seeing with Zelensky is an intention to escalate the war because the idea in these European countries is that if they have war industries, bankers will finance it and the jobs will be created making munitions.
Okay, the problem is they don't want to field an army.
The Europeans don't want to go to war.
Even Zelensky is having a hard time.
Getting troops to go into battle just to be slaughtered.
And so they can produce weapons and launch them at each other, drones and the like.
But the fact is, none of this is productive.
All of this is simply more and more destruction and more and more going into war, and it'll be more of the same.
So my guess is that, you know, we're going to see the next intensification when this offensive starts from...
It's going to take some real sense to make it not escalate.
Okay, so now we're struggling here with that situation while Iran is still wanting to insist on enriching uranium.
And again, attacking Iran will only perpetuate War
in the Middle East Both of these situations, which President Trump has not been able to resolve, because the countries involved and the people involved are determined to have war to a conclusion.
And both of these wars are going to have to conclude one way or the other.
And they're only going to conclude probably with more violence.
Eventually, I think Trump will allow Putin, Trump will allow Netanyahu to clean out Gaza and to make Gaza unlivable.
Maybe for 10 years, unlivable, before it could be rehabilitated, if it's ever rehabilitated.
And Putin's going to launch an attack, and then eventually, Trump may just sit back and say, let Putin take Ukraine.
Let Ukraine be Putin's problem.
But again, Trump is going to have to make some fundamental decisions here.
And if he wants peace, he's going to have to pull the money out from under Ukraine.
And essentially, do the same with Iran.
Put the type of sanctions he had on Iran before.
That's the only way to squeeze Iran.
But Iran may be days away from producing a nuclear weapon, and if they are, they're going to get attacked by Israel, whether Trump approves of it or not.
Israel's going to defend itself.
If Israel senses or has intelligence that Iran's going to make a nuclear weapon now and try to drop it on Tel Aviv, The Netanyahu government is not going to sit around and wait for that to happen.
So I see both situations going into more violence, and Donald Trump is going to have to realize pretty quickly that maybe in the Middle East with Iran, it would be better just to get it over with, because Iran is not going to stop on this insane intention to create nuclear weapons.
But with the Ukrainian situation, the best thing to do would be to pull out of NATO and to pull out of Ukraine and tell the Ukrainians and Zelensky and a whole bunch of them, you're going to crash, the economies are going to crash, and Europe is going to go into disarray.
Probably the EU won't survive.
This is the playing out of a scenario.
That is built into the situation.
The EU can't survive.
The EU cannot work with all these different economies and try to have a homogeneous policy that's going to be one policy fits all.
And if they decide their solution is to go to World War III, then preventing it's going to be very difficult.
But I think that the hope is that Donald Trump, who is the art of the deal, He's going to figure out to take the money away from Ukraine and to let Netanyahu, if necessary, attack Iran to try to say, okay, this ending of Iran's power will allow the Middle East to settle into much more of a stable situation.
Okay, now if we get this play of situation over the next few days, which we're going to watch very carefully.
I think this is going to be a pivotal moment in world history.
Either we're going to have World War III, nuclear weapons.
I mean, there's so much going on with, you know, the economics here are in disarray.
And with the economics in disarray, you're not going to have very much stability politically.
That's just a fundamental problem here, and Trump is going to have to deal with it.
Now, I'm going to very quickly, you know, Remind everybody again.
I showed the book.
I want people to get this book on how a coming global crash is going to create an historic gold rush because it's happening.
Gold is right now at $3,393 an ounce and silver is at $35.78 an ounce.
Silver was at $32 an ounce just a while ago and gold, not very long ago, was trading at $1,800 an ounce.
If you get, talk to, I want to give you the number, 800 number to call to get a copy of this book.
It is 1-800-519-6268.
It's a short book.
It's an easy read, but it will bring you up to speed on topics like the BRICS nations.
It'll bring you up to topics on, you know, the economic situation of the United States, where we now are at $37 trillion in debt.
We're paying over a trillion dollars a year on the interest of the debt.
And there's some fundamental solutions here, which is to get rid of the Federal Reserve, because we don't need to be paying interest on money that we're creating that is basically a cryptocurrency.
The dollar's not backed by anything, except for the full faith and credit of the United States, and that's been downgraded now twice just recently by Moody's.
Okay, so if you talk to Swiss America, you can get a self-directed IRA.
And every one of these shows, I'm trying to implore you to do this, because gold's going to increase in value, and the stock market is going to be a very, very risky ride.
The stock market was down yesterday with all this international turmoil, and I think the stock market's going to probably continue to be down until the tension and everything else in the Middle East gets a little bit more subsided.
Right now, we are in a situation where the world is in chaos, and chaos is not going to settle out very easily.
So, 1-800-519-6268.
There's a lot of good information on Swiss America.
I just wrote a paper, a new white paper, on the fact that on these Basel III rules, international rules in banking, you're going to have gold be able to be in.
A Tier 1 asset, which means it can be valued at 100% of its market value on the books of a bank.
So banks around the world are buying gold, including central banks.
And when banks are doing it, you should too.
If you do it right now with Swiss America, you can get this Walking Liberty half-dollar offer.
You can buy 250 of these coins at virtually their value in gold, and silver rather, in Walking Liberty half-dollars and silver.
But at least you'll own some silver.
Own some silver and some gold.
It'll appreciate.
If all your value's in dollars, you'll be joining the rest of the middle class, having to go day to day, finding out whether or not you can buy food.
The middle class around the world is getting squeezed.
And we're seeing all of these things as a result of this globalism that we're not yet done with.
Okay, now I want to go to one more topic.
And then Chris, I want you to come on and comment.
We'll have a little discussion on this.
The topic I want to get to is that we're getting this, you know, the big, beautiful bill is coming through Congress, and Elon Musk is saying that, well, you know, it's not cutting anything.
As soon as you let House and Senate have access to spending money, they're going to just spend money.
There's no incentive for them not to spend money.
And so, therefore, you're not going to get budget cuts.
The budget cuts are going to have to come from Trump-cutting budgets, and they're going to have to come by executive action.
Congress is just going to keep spending.
And there's no limit in sight to how much they will spend.
We have $100 trillion in debt.
And the non-discretionary part of the budget is taken over.
Non-discretionary Social Security, Medicare, Medicaid.
They have to be paid.
And so the contingent liabilities of the United States are enormous.
Because the population is getting older, and we're going to have to have more Social Security payments.
We're going to have to have more Medicare, Medicaid.
And it's going to have to be funded somewhere.
The only way it can be funded right now is simply to print more money.
And that system is just going to crash.
The reason I want this bill to pass is it has in it some fundamental tools.
We can use to redo the financial system in the United States.
We're going to have to do that, too.
Every institution I look at around the world is broken right now.
And we're in a time, it certainly feels like end days, because we're in a time where Christians are being persecuted.
you're going to have to have the mark of the beast to work.
I mean, if you're not properly, I was reading the gateway.
And so the technology permits massive surveillance, and all through Europe, the censorship laws are insane.
In Great Britain, somebody just got convicted and prosecuted of burning a Koran.
It's a hate speech.
And here's the war on city drawers that basically this whole climate change and everything else, all this, you know, grifter ideas have done nothing but allowed countries like China to have all these surveillance towers.
In fact, there is a picture in that in that gateway, Gatestone Institute article of the surveillance towers in China, which is.
Let's see if we can get that up.
Because to me, when you see it, it's startling.
Look at that tower.
Chris is showing it.
It's in Tiananmen Square.
And it's just this big pole.
It's got arms out of it.
It's got all these cameras on it.
So that it's doing facial recognition of everyone who passes.
And if you go outside of your 15-minute city, they can turn your electronics off, especially if your social credit score is not good enough.
So China is trying to do a massive surveillance of the population and succeeding at it.
They don't trust their people because the people will rip the government apart.
The MAGA movement is ready to rip the government apart, and Steve Bannon is saying, where's the indictments, Kash Patel?
You know, where are the dismantling of the FBI?
Where's the dismantling of the CIA?
Why are we?
Babylon Bee's got a very interesting article out today saying that it's a joke article, but it's saying that, you know, the GOP who are elected in Congress are doing their usual of everything that, People voted for MAGA in order to dismantle the government, in order to reduce the bureaucracy, in order to cut the federal spending.
Well, we're not going to cut the federal spending.
So the new solution I'm going to propose is one that I think Donald Trump is working on, which is we have a sovereign wealth fund of cryptocurrencies.
XRP, two or three others.
XRP could be a system of international trade.
It could instantly transfer money from one country to another without having to go into dollars and out of dollars.
The SWIFT system doesn't work.
SWIFT system takes five, six days sometimes.
A lot of currencies fluctuate in that time when you're trying to buy and trade through the dollar with a foreign country.
The time it takes is outrageous.
It needs to be done instantaneously.
Okay, so if we have a sovereign wealth fund and we say we're going to start creating sovereign cryptocurrencies, they can be backed by gold, they can be backed by nothing, but at least they'll be privately run so their supply will be restricted.
If that's the case, you can pay Social Security and XRP.
If you did that, a lot of 21-year-olds would be delighted because XRP today is trading at under three and it could well be trading at thousands within the not-too-distant future.
So you could be creating wealth with the currency that was properly managed.
So you increase the purchasing power, increase the value of the currency by using it and restricting its supply.
We don't restrict the supply of the dollars because they're under the control of politicians, and politicians like to spend.
Okay, so Chris, what I'm fundamentally saying is that the entire system is broken.
You've got a group of, you know, greedhead power mongers in the bureaucracy who want to set the rules, and mostly the bureaucracy is not creative.
It does nothing.
These people are...
So, Chris, what's your thoughts?
Well, there you go.
It's very difficult to get rid of those who are entrenched in the deep state.
But you look at this big, beautiful bill.
It sounds great.
Every bill sounds great, like the Inflation Reduction Act, which became the Inflation Enhancement Act and a slush fund for Democrat panels, basically.
Right.
I'll digress from that.
So the Republicans do the same thing.
They market something.
Barely anybody reads the bill and tells you what's in it.
Meantime, a lot of these people put pork on it so they can just ride it onto the bill, add more to spending, and all of a sudden, you don't codify what doge cuts.
You don't take care of things.
People are going to be against the bill.
I get that.
I'm in the middle on this.
There are positives in the bill, but we should at least...
Yeah, but you'll never get it voted through.
I've watched Congress do this now for 50, 60 years, and these big bills are always a monstrosity.
They're ready for nobody to read.
And they're impossible.
I mean, the compromises that are made and the things that are done in them, by the time they get through, they've spent more money, they've created a bigger bureaucracy, and they're so complicated that nobody really understands what they're about.
Because there's huge legislation.
Congress has become dysfunctional, is what I'm saying.
It's been there for a while.
It's been there, but it's now at crisis points.
Because, you know, a dysfunctional Congress, when things are relatively good economically, is a nuisance.
But it's not going to, you know, throw us into a huge depression.
The problem is when the economy needs a solution, which it does, we have to find a way that we, you know, if we go to $40 trillion in debt when we're headed there, And then we have to pay more than a trillion dollars on the interest.
Eventually, it crashes and burns.
Okay, I don't know when that is, but eventually we have a crisis with it.
It doesn't work anymore.
And then Congress has got to solve it.
And Congress will have to do a big, you know, production with another big bill.
These are formulas for ending into world wars or end of depressions or whatever.
But the broken system can't be fixed by within the system.
That's the problem.
You know, it's just like trying to solve the war with Zelensky deciding that he's going to want to solve the war.
Now, Zelensky wants, what does Zelensky want?
He wants to maintain his revenue.
His wife's spending millions of dollars in jewelry, him buying mansions all over the world, including the United States.
That's what Zelensky wants.
He's managing his global politics for his personal advantage.
And when you start doing that, you're not going to get a solution to a problem.
You're going to get it made worse.
And right now, the system is so broken in so many different ways.
I don't know how you fix it.
Now, the best solution I can think of is if Donald Trump can basically continue to do executive orders, continue to say we're...
Don't worry that the New York, you know, the New York Times is going to say that Trump is soft on Putin and try to urge Trump to go to war with Putin, which somehow the left wants to do right now.
It's to me just insane.
Chris?
It's again, it's like you're saying, there is an economic factor to all of this.
A lot of these nations are thinking, hey, maybe this will bring us back into the swing.
I'm not sure at this point we're in the same – I know we're having problems like we've had in the 20th century, but I'm not sure if war would have the same effect on the – Yes, we can overproduce.
Yes, certain sectors are going to do better.
But what will that do overall?
Because of the diverse amount of sectors we have now, the way the economies work at this point, and with an easier access to trading with each other, I guess, if you will.
Would war actually be technically good business as it used to be?
That's where I'm going here.
I don't think it is.
They're going to find it's not going to work.
It's good for some people.
It's good for the bankers.
It's good for the arms manufacturers, etc.
But for the economy as a whole, it's not good.
Donald Trump is just going into his second 100 days.
We're not yet at six months of the presidency.
I think by the time we've done a year of the presidency, there will be some significant changes.
I think there will be indictments coming out of the Department of Justice.
I'm seeing right now, for instance, Wisconsin.
I do see action coming from God's Five Stones and very impressive action in that we're now in touch with We're in touch with the Department of Justice.
The Department of Justice is taking action in Wisconsin.
They're saying to the Wisconsin Election Commission that unless they allow the cleaning up of their voter rolls, which are a complete mess, they're going to cut off federal funding.
The federal election commissions are not going to provide any more money to the Wisconsin Election Commission.
Unless they allow for there to be a complaint process where civilians can come in and question why the voting role is such a mess.
And the officer who's doing this is this Hanmet Dillon, who's an assistant attorney general in the Civil Rights Division.
And Michael Gates, who's a deputy assistant general, and those two are...
Well, this is just the beginning.
And what's going to come down the pike, I think, is Donald Trump is going to, probably in August or September, issue an executive order saying that our election system is so messed up that the states cannot use their existing voter rolls.
They're going to have to do them over again with voter IDs and proof of citizenship.
I think we're headed in that direction.
I think we're headed in these directions where Donald Trump is going to say, okay, we're going to reduce these bureaucracies.
The Supreme Court, I believe, is going to give Donald Trump authority to reduce these bureaucracies dramatically because they're not in the Constitution.
If Donald Trump wants to essentially take an axe to the federal bureaucracy, I think he's going to be allowed to do so.
Chris?
That's what we elected him to do.
That's exactly what we need him to do right now.
But I understand what Elon Musk's point of view is, that this bill does not address much of that.
It addresses a bit of it, but not enough of it.
I get it.
You work for about six months.
Three, four months.
I guess 130, 180 days or something like that.
You work for all that time.
You find a way to knock down the bureaucracy, unbloat the government, and you find Congress doesn't want to do that, and the president's kind of saying, well, let's just take little steps at this point.
I get it.
Well, Trump is going to get his bill through, and then he's going to continue to cut.
It's got to happen.
We need a president who at this point is going to use the powers of the executive and cut the bureaucracy, get a new economic situation structured, a fundamental change in our economics where the dollar is essentially going to be parked in its fiat state and we're going to have to return to gold standard or some value of the dollar.
But I do think a cryptocurrency solution is in the works.
And it's going to take some of these new, bolder solutions and ideas, which Donald Trump is capable of doing.
So eventually I think we're going to see him saying, we're done with Zelensky.
We're done with the Federal Reserve.
We're going to move the bureaucracy to Death Valley, if that's what it takes to get rid of it.
This whole idea we're going to build a big new building for the Department of Justice.
Fire half of them and use the buildings for veteran housing or something.
Use the old USAID office.
There we go.
Let's cover one or two more things and we'll wrap it up for today.
The world's a mess.
I think it's always been a mess.
Okay, so the United States is resisting air cover for this European reassurance force in post-Ukraine.
So the British and French want a coalition of the willing to stand up against Russia and defend Ukraine.
But the United States has effectively vetoed a plan to provide American air defenses.
To back a reassurance force for post-war Ukraine.
So we're not going to do that.
We're not going to say, okay, we're going to back up a NATO force going into Ukraine.
That's what UK wants to do, is what Macron wants to do, what's the failing EU wants to do, which is essentially a military solution.
Okay, and that's just not going to happen.
So the Europeans envision this strong, permanent security bulwark.
Backed by the United States along NATO's Eastern Front.
If Trump doesn't play, the Europeans are stuck with their own inability to do anything correctly and their own bankruptcy.
So I think some of these things are going to have to unwind over the next bit of time, and it's going to be a little bit uncomfortable, but I'm confident Donald Trump is going to be able to pull it off.
I think Donald Trump has the ability and the insight and the wisdom eventually to say, I'm just going to make these executive decisions.
We're going to get voting cleaned up.
We're going to get the Federal Reserve done and redo the dollar.
Getting through this bill, we have a threshold period of time here.
I think the bill will pass.
I believe that we're going to deal with Iran one way or the other.
And Iran is not going to build a nuclear weapon.
And the Ukraine war is going to end.
But again, I understand Steve Bannon's frustration where he's saying, Kash Patel, where's the indictments?
Well, there's going to be indictments.
And there's going to be, I believe, an investigation into the Russian collusion hoax.
And I'm confident that in the end, God always wins.
God's going to win here too.
We just have to be, in some ways, patient.
We have to, in some ways, continue to hope and pray for Donald Trump.
And I believe that we've got the best chance we've had in a long time to have the world straightened out.
We're at a tipping point here.
We go through World War III or we end it past it without World War III and we begin to put together a world that can live and have peace through prosperity.
