Prints money and hands it to people
For Health Ranger Mike Adams, the American economy in its current state is just a zombie economy. Consumer demand is collapsing, and individuals and businesses alike are being driven by stimulus money or funds given by the government to keep the economy going.
“It’s a zombie stock market. It’s a reanimated financial zombie. It is not a functioning system,” Adams said during the September 18 edition of “Health Ranger Report: Situation Update.” In reality, he added, people are running out of money and the stock market has been propped up by the Federal Reserve by printing money to buy stocks.
The Health Ranger pointed out that the U.S. has a zombie economy where the Fed prints money and hands it to people to buy stuff. But even this move can’t keep the corporations propped up enough, so the Fed buys the stocks of the corporations to prevent their stock prices from crashing.
“But in the real world, real economic activity is collapsing across the board and various sectors are greatly impacted by the currency crash,” said Adams. People are aware that everybody is running out of money. Even the stimulus money has run out.
According to Adams, restaurant and retail store owners and other entrepreneurs were telling him that customers just dropped off in the last weeks and they don’t know why.
FedEx CEO Raj Subramaniam, in an interview with CNBC last week, said the slowdown in his business is a sign of the start of a global recession. Subramaniam added that they are laying off people.
“We will be seeing a similar thing with UPS as well,” Adams said.
Reports also emerged that online retail giant Amazon is scrapping plans to build dozens of warehouses in the U.S. and overseas amid slowing sales growth. Recently, Walmart, Target and other top retailers have canceled billions of dollars worth of orders as retail sales are collapsing. Housing is also way down in terms of new mortgages over the last several months.
“We also know the Fed is about to raise interest rates again in the coming week,” Adams noted.
Fewer people are purchasing and manufacturing employees are being laid off. This combination causes an overflow of inventories in the system right now. And so the system would go spiraling down as the Fed would try to resuscitate the failing economy by printing more banknotes and giving out stimulus money until the worldwide financial system completely collapses.Adams: Invest in physical things that could be of value
The Health Ranger, a well-known prepper, reminded his podcast listeners to prepare and find valuable things to invest in before the entire money system collapses into oblivion. Because when that time comes, the banks will have bail-ins and will not allow their clients to take out their savings.
“I do not want to have any cash in the banks when the music stops. We’re going to lose all that cash. The bank will give it back to you slowly over time as the dollar just collapses in value. So basically, it’s gone,” Adams pointed out.
He recommended buying gold and silver, land and some other hard assets. Adams highlighted the importance of staying away from the city in these scary times in his audiobooks “Resilient Prepping” and “The Global Reset.” (Related: Mike Adams: Learn resilient prepping to survive Great Reset.)
“If you’re still for some reason living in the city, any city anywhere in the world, do what you can to get out or have the means to get out. I am absolutely convinced the cities are going to be such dangerous places to be and some of them may be impossible to escape,” he said.