Wave Coming Too Large to Duck Under-Warren Pollock
By Greg Hunter
USAWatchdog.com
June 7, 2015
Financial and geopolitical analyst Warren Pollock warns, “When I go swimming in the ocean, sometimes I have to duck under a wave. This wave may be too large to duck under, and I think that is what these large events are. I think we are seeing large events, the likes of which you and I haven’t seen, and haven’t been seen in generational memory. 80 years would be a generational memory. We haven’t seen what a world war looks like. We haven’t seen what a Great Depression looks like. We haven’t seen a political crisis. We haven’t seen total lawlessness, and these are all the things that are happening.”
So, what is the best strategy to survive what the world is going to experience? Pollock says, “Flexibility is the best way to answer that question. It is more important to your children than it is to you or me because of our demographic. In the Soviet collapse, there was a tremendous loss of life from a life expectancy perspective, and I would expect that to happen here. If you are 20 years old, you could lose 20 years of your life. If you are 70 years old, you are only going to lose 1 or 2 years of your life. So, that’s the kind of thing we are approaching. People are going to lose 20 to 50 years of life if they are 20 years old today. That’s what is going to happen to them.”
Pollock, who predicted the mortgage crisis and the 2008 financial meltdown years before they happened, is now predicting a political crisis in the U.S. Pollock contends, “This political crisis is something they have not seen before, especially in the United States. Even though the U.S. doesn’t have law right now, and there is prolific NSA spying, there is still a semblance of normalcy in the United States. People think the Senate and the Congress still work, the President is in charge, and the Supreme Court is still operable. Really, behind the scenes, who knows what’s going on? In a crisis situation, such as the sinking of a U.S. ship by China or a ship in the Middle East . . . or an economic crisis, it is going to be enough to put the U.S. into a political crisis, and it’s not just going to happen for a day. Instead, it’s (the crisis) going to be operable for weeks, months or years, and it is going to create uncertainty here and uncertainty abroad. We’ll see U.S. government agencies trying to be in charge. We may see the U.S. military trying to be in charge. We will see Congressmen or Senators grabbing for power. You see some of that occurring right now. That’s where a political crisis occurs. It is a realization that nobody is in charge.”
On the economy, Pollock warns the game is about over, “It’s an absolute con game and right now, everyone is involved in the great con. . . . We can see now that the pension plans are going to be stolen from people. That’s pretty much obvious to everyone with the Supreme Court ruling that is an advance indicator that your retirement money is going to be confiscated. Gold looks very unattractive in the markets, and that is one of the places that you should actually go to. You need a stack of $20 bills, but you also need gold. We’re definitely going to have a currency crisis, but right now, everyone is pregnant with paper. Everyone is pregnant with U.S. debt. Everyone is pregnant with U.S. stocks, particularly in these sovereign funds. Right now, we are so pregnant with debt it is being sold out in crowd funding sites. You can buy people’s credit card debt. This is how stupid this economy has become.”
Join Greg Hunter as he goes One-on-One with analyst Warren Pollock.
