Money
McGregor Warns Global Economy Could Contract 36 Percent Exceeding Great Depression
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Is Putin Preparing a MASSIVE End of War Attack Against Ukraine?
What was said
"Right now, people think that when all the chickens come home to roost, and I'm talking about everything, the loss of oil around the world and the gas and the minerals and everything else, we could see as much as a 36% reduction in the size of the global economy. During the Great Depression, the world economy was reduced by 20%."
The former Pentagon advisor predicted economic collapse worse than the 1930s driven by cascading consequences of Middle East conflict disrupting energy and resource flows. He warned that unlike the Great Depression era when America held financial advantages, the current 125% debt-to-GDP ratio leaves no buffer, describing the administration as sitting on a ticking time bomb.
Verification status
Attributed speaker claim
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
Source and context
Egleze verified who said this and where. The underlying claim has not been independently established by Egleze.
- Programme
- Redacted
- Episode
- Is Putin Preparing a MASSIVE End of War Attack Against Ukraine?
- Clip time
- 37:43
- Original source
- Watch the source segment →
From this episode
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