On today’s show we are officially pronouncing the perfect financial storm is underway after so many years of warning about its approach. Today’s show is highly focused. Do not think for a moment that the proposed bailout is going to stop the storm’s progress. It will only settle the first squall.
First, John executes another extended boralogue explaining the evolution of our current Fannie and Freddie crisis, why congress and the fed are almost out of options, and where the perfect financial storm will head after this. We find ourselves entering stage four of inflationary cycles, where citizens are outraged but there are few options; much pain and no gain. The end is that taxpayers will have to foot the bill. Thus we are sailing between Scylla and Charybdis.
Then we’ll honor a promise to you and pick up the Russian thread we began a couple of weeks back featuring a long conversation with a former army intelligence officer, who toured all of the Soviet Union both before and after its collapse. Ralph Peters is the Russian-speaking author of “Looking for Trouble,” and he is the sole guest featured today.
Want more resources on these topics? Here are some previous programs you might find interesting:
Login and listen now with your Premium membership!
Not a current Premium member? Subscribe or upgrade to listen to this show and access the Members-Only podcast on all your devices. Get more with your Premium membership: Access the Premium Daily podcast and over a thousand other full-length episodes spanning two decades, as well as enter the Veritas Lounge for videos, downloads and more!
Follow us on Twitter @steelonsteelpro as well as the Steel on Steel Facebook page and remember to join our dedicated Facebook group Praying for Persecuted Christians for the latest information concerning persecuted Christians around the world. Don’t forget to stop by our YouTube channel as well for our latest videos.