On June 26, a financial analyst and former head trader at the Royal Bank of Scotland spoke on the Hagmann and Hagmann Report regarding the current state of the global economy. Known in the public sphere under the pseudonym of ‘V’, and labeling himself the Guerrilla Economist, this high level insider stated that financial events over the past two weeks are simply a microcosm of the final end game for America’s economy, and that there is no hope or evidence of it rebounding, recovering, or ever coming back.
V: Guerrilla Economist: Let me tell you something guys, here is the thing. Everyone listening to my voice right now… it’s over. It’s finished. It’s done. There’s nope for this country to ever turn back.
We have an economic system that’s a total joke. Housing prices were up 11% last month and people think they have money and we are in a housing recovery. What recovery? You have 3.4 million homes in a shadow inventory. You got interest rates… that’s the worst thing that can happen right now… interest rates, there are up to 4.5% now. That’s a jump of 50-60 basis points.
The amount of investors that are shook and scared right now… they don’t know where to go. The savvy investors are buying gold, arable farmland… they are sheltering themselves from what is to come. – V, Hagmann and Hagmaan Report, June 26
The Guerrilla Economist’s words were echoed just yesterday by billionaire investor Jim Rogers, who said this regarding the all out central bank money printing taking place over the past several years by the Fed, and every major economy, “This is too Insane – and I’m afraid we’re all going to suffer for the rest of this decade”.
This is the first time in history where you have had all the central banks in the world printing money at the same time. Europe, Japan, America, and the UK, all, are frantically trying to debase their currencies…I’m afraid that in the end, we’re all going to suffer perhaps, worse then we ever have, with inflation, currency turmoil, and higher interest rates. As I say, this has never happened before, it’s never been a good policy in the long run, so I’m afraid we’re all going to suffer for the rest of this decade from this crazy, crazy money printing.” – Bull Market Thinking
Since January, and the beginning of the Guerrilla Economist’s financial analysis in the public sphere, V has been dead on regarding every financial prediction he made as to where the next shoe was to drop in the global economic collapse. Starting with Japan’s economic moves to debase the Yen and go all in with quantitative easing to prop up exports and stock markets, to the assessment that Deutsche Bank is teetering on the brink of insolvency, and finally to the call he made earlier this month that China would very soon be the key player in determining the future of financial hegemony, V’s current analysis regarding the future of the American economy will very likely gain increasing traction, and lead to disastrous financial events by the end of the summer.
In just the past two weeks, the global economy has seen the U.S. and Japanese bond markets skyrocket and experience major sell-offs, stock markets around the world retrace by nearly 20%, and GDP numbers in the two largest economies (U.S. and China) come in well below forecasted estimates. This despite continued rhetoric by central bank officials that the economy is growing at a slow but moderate rate. Either way. either the data reported is incorrect, or the statements being made by banking officials is wrong and deceptive, and in the end, one of these two indicators will eventually prove whether the Guerrilla Economist is once again accurate, or if the sky is truly not falling.
You can find more financial updates by the Guerrilla Economist at Steve Quayle’s website under the Q Alerts section, and periodically on the Hagmann and Hagmann Report.