GET READY FOLKS! The Economy Is Crashing Fast

out of control inflation and economic collapse what's going on guys Ron Yates here hope you guys are doing well welcome back to the Financial Freedom Channel now today we got a show-stopping story and it's gonna make you question everything that you thought you knew about the central banks and their control over inflation it's called it wasn't a mistake or a slip Lagarde hints at raising Central Bank inflation Target so you know how to central banks around the world have been struggling to control inflation right yeah so well they're planning to print more money and buy us off it really hasn't worked out especially with c19 and everything now to be honest they're on the verge of losing control and it's becoming the norm and guess what I think our very own Federal Reserve is going to follow suit pretty soon just look at the news today Bed Bath and Beyond just announced they're filing for bankruptcy check it out this just into The Newsroom the chains Bed Bath and Beyond and bye bye baby have just announced they filed today for chapter 11 bankruptcy both stores announced the news on their websites this morning writing quote we have made the difficult decision to begin winding down our operations they do say their stores and websites are still open and serving customers but it's unclear for how much longer it's a big story it affects a lot of you know I was so upset when I saw that this morning because bye-bye baby especially for moms and you know everything so we'll see how much longer there they're open hopefully a little bit longer yeah I know you guys heard about this already we covered this but I don't know it just seems like every day the situation is just getting worse and worse while the government is still trying to cover things up what do you guys think drop me your thoughts in the comments down below but like it says in the article there are three kinds of lies lies damn lies and statistics like most Market commentary we got to focus on the former two politics and all the inconsistencies and the numbers on the screen that get the market all riled up now in this day and age it is super important to wake up and understand that there are wordsmiths out there who basically use sorcery and trickery to try to deceive the people people and everyday investors these people they use all sorts of sneaky tricks like month over month numbers seasonality adjustments and other changes to make you feel good about bad news and keep you spending your money Sometimes they come up with all sorts of new terminologies and jargon just to kind of throw us off the scent but really the truth is that our economy is headed down a cliff why are they doing this to us so that the American people can just stay unaware and just keep that spending train going on I mean can I get an amen guys I don't know what I'm talking about I received a marketing email from my credit union just the other day it was about a 40-year mortgage this is how you know things are out of control instead of raising interest rates and helping to push market prices back down to earth the banks they want to promote Reckless spending and put people into debt for the rest of their lives this is literally Insanity so yeah today let's go ahead and get ready to hear the truth about inflation and essential Banks because I'm about to give it to you right now now for the best way to invest in gold or silver check out the links Down Below in the description of this video so really the Highlight here is if our economy is really doing so well then why are tech companies just shedding jobs and household names like Bed Bath and Beyond they're turning belly up I mean you know what I mean right this is in the news the store had everything for your home back in the 90s and the 2000s almost sounds like a old school juvenile rap video anyway but well they filed for bankruptcy just recently they just put up a statement on their website thanking all of their loyal customers but they're going to start winding down operations they're not closing all of their 360 locations and 120 Buy Buy Baby stores at least not yet they even got a 240 million dollar loan just to keep things going but they're starting store closing sales this week and some stores will be shut down what happens next to their 14 000 employees in stores is still up in the air Bed Bath and Beyond so that they're trying to sell some of their business or all of their business but if they cannot find a buyer then they'll likely be forced to liquidate entirely and just go out of business some people think they might come out of bankruptcy as an online only retailer but it won't be the same as before Bed Bath and Beyond used to be a big deal so did Toys R Us Circuit City and Sports Authority if you guys remember those companies all of those stores were category killers they dominated in the retail space but they all filed for bankruptcy too right around the time where people started to shop online a little bit more well Bed Bath and Beyond used to be the go-to store for pretty much everything you needed in your home it was super popular in the 90s and the 2000s for good reasons they sold big names at discounted prices and the layout of the stores made it just way too easy to buy all kinds of stuff that you really didn't need or plan on buying you could go in for a new set of plates and end up walking out with new pillows towels and more it was a total win-win for everyone and the holiday season and back to school time were extra crazy busy back then they also had a killer baby and wedding registry business now unfortunately the company did not adapt to the changes in shopping habits fast enough and they fell way behind the competition people started shopping at Amazon Target and other trains instead of going to Bed Bath and Beyond and now the company is in deep water and it's bankruptcy filing it said it had had over five billion dollars in debt and over four billion dollars in assets it got a 240 million dollar loan just to kind of help it close down stores and wrap up its business now I don't know who personally would have handed 240 million dollars to a company who's clearly going out of business but I digress on that one but hey I think it's part of a classic example of the big Market lie when people focus on only on the stats and ignore everything else that's going on so the other day ECB president Lagarde gave a speech and this speech had everybody talking even a national security expert called it astounding anyway so Lagarde basically said that we're seeing some major shifts happening in the global economy there's all kinds of geopolitical competition that's going on and that's driving up inflation plus we're seeing a new FX system emerge and trade invoicing and swap lines are becoming really important to deal with all this Lagarde thinks that Western countries need to have more expansive fiscal policies and beef up their defenses and when it comes to monetary policy she says we need to take a page from the 80s but also work with fiscal policy to achieve strategic goals oh and get this one so once we hit the two percent CPI Target Lagarde says we can start talking about changing it wait what plus she thinks that we might need a central bank digital currency to help with fiscal spending policies and trading invoicing and in case you guys don't know she also believes that the countries with the best state capitalism mercantilism strategies will come out on top in this new world order it's like borrowing five full-size apples from a neighbor on Monday with an agreement to paying back six apples on Friday Friday comes you paying back with six apples that are about half the size really kind of insane if you ask me so yeah this is a big deal we're not just talking about hitting some arbitrary CPI Target here we are talking about major changes that are happening in the global economy that could affect all of us like we're talking big implications for everything from the economy to politics to your bank account and let me tell you guys she didn't just blurt it out without thinking no this is a well-planned established pre-approved approved declaration so basically we're in a global competition that's gonna just keep going no matter what but you know what's real crazy nobody seems to care the financial press was more interested in some boring stats from China or some subscriber numbers it's like everybody's just pretending that everything's fine even though things are getting crazier and crazier I mean some people might argue that the stock market can even just keep going up and up and up as everything else falls apart but what happens when raids start going up that one's anything's guess can we just keep doing what we're doing in a world where there's a big competition going on between different groups now the other side is all about this idea of common prosperity and they're using this Finance to speed up the shift in how things are made and how they're sold shouldn't we be focused more on actually making stuff instead of playing around with imaginary made up Financial stuff the people who make that stuff and the media that talks about it they're gonna say no but the Pentagon and legard say yes the only person left is Jerome Powell and if he sees his tune even the stock market might take notice the big fed Jackson Hole whole annual meeting is going to be wild this year but until then I bet we're just going to keep hearing more and more lives and meaningless stats even though what really matters is this huge Global competition what do you guys think pretty soon I'm betting that the FED is going to start talking about something that we got to keep our eyes on and you know what I'm gonna be on top of it and bring you guys all of the details it's going to start with Jerome Powell dropping some hints in an interview or something kind of like you know when he says that he thinks one day the US dollar won't be the only Reserve currency I was actually surprised he admitted to that basically that means that we're in trouble and a bunch of other currencies are about to be in the mix soon but a lot of people don't get how serious this is when the FED Governors start talking about it too that's when things are going to get really real they might even say that it's a good thing to have other currencies involved to kind of even things out and that's when we'll know for sure that the dollar is not the big boss anymore some people still don't get that it's already happening though so here's the deal you got to decide if you want to be you know one of the 95 percent of the people who just start following the crowd and kind of getting screwed when this whole currency thing falls apart or if you want to be a part of the five percent of smart people who saw it coming and prepared for it it's up to you I just gotta say these lies these stories that our government is pushing on us you know they're just half the problem now the other half people believe in them despite the mounting evidence to the contrary and this is why I have a hard time believing anything that these clowns tell us really at this point my trust is only in God and of course our Financial Freedom fam right here but what about you guys so yeah anyway how do you really prepare for the imminent collapse well first you want to get out of debt and don't take on more debt now obviously none of this is financial advice this is just what I'm doing with my own personal finances second I'm looking at Alternatives like inflation Hedges such as gold and silver I don't really worry too much about the day-to-day price swings because even if it does go down it's a temporary dip and you can actually buy more and get more bang for your buck when the price goes down the rich people and the central banks are buying gold for a reason and we're going through a worldwide currency collapse but hey always do your homework each person's journey to Financial Freedom is always going to be different so you got to find out what's going to work best for you and for your family situation and your own personal risk appetite you know what I'm saying now of course you know right here if you guys need anything feel free to hit me up in the comment section down below always like hearing from you guys but for now that was our jam-packed inflation update and daily news report Bed Bath and Beyond filing for bankruptcy the European Central Bank revealing how central banks like the FED have been lying to us and basically what's really happening with our economy basically a lot of financial leads to follow up on in the coming days that's why you really got to make sure you do not miss out on my future updates make sure you drop a like for the video subscribe to the channel and also share this video with a friend I'll see you guys on the next one