The Economy is Imploding Right Now - Warren Pollock

Warren Pollock says the 2016 election cycle is not the main thing to focus on.

Pollock warns that the real news is that the global economy is headed for a "brick wall". He uses the term brick because that’s the part of the economy which is crashing first, the emerging markets, the BRICS (Brazil, Russia, India, China and South Africa). That’s on the edge of empire, and now it is imploding inward. So, we can look at all of these peripheral economies, and that’s where the crash has occurred right now.

When you talk about crash and people ask, ‘When is this going to happen?’, the answer is "It’s happening right now", but it is not happening at the center of empire, it’s happening on the extremities of empire. These emerging markets, these miracle economies, the few countries in the world that had productive economies, they’ve hit a brick wall. They’ve crashed. China has crashed. When you look at Brazil–crash. When you look at Russia–crash. When you look at oil prices–crashing now. People keep asking when is this blowing up? Well, the answer is it’s blowing up right before your eyes right now, this minute. The domestic indicator is the declining velocity of money.”