By Greg Hunter’s USAWatchdog.com - February 27, 2024

Economic analyst and financial writer David Morgan has gone against the majority in the past with predictions that seemed unbelievable at the time. One prediction last year is the Fed not cutting interest rates in 2023. The Fed didn’t, and Morgan is still predicting there will be no Fed interest rate cut anytime soon. Now, with a record high stock market, Morgan is predicting “We are entering into a global depression the likes of which the world has never seen.” The warning signs are many as Morgan explains, “When we enter a depression, people cannot keep up with inflation. So, they work even harder or more hours to try to make ends meet.”

Another sign, says Morgan, is all the bankrupt businesses that thrive on disposable income such as “Gold’s Gym, Neman Marcus, Hertz, JC Penny, GNC, Pier One, Belk’s founded in 1888, Revlon, David’s Bridal and Bed, Bath and Beyond. That is just a few, and that is the real economy. What you see on that list of bankrupt stores primarily is disposable income. . . . That is a sure sign of a depression. . . . This is a clear, concise and accurate picture of the truth. You don’t have to tell this to the girl with three jobs. She knows what is going on.”

Other signs of a coming depression include “stress over money, and this is the number one thing people are stressing about today,” according to Morgan. In the age of money printing and unpayable debt, there is going to be an end, and the end, according to Morgan, has never been closer than today . . .

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Morgan says the dollar will hold together for now and predicts, “It will be the most trusted asset (behind gold and silver) until it blows up. The dollar will remain quite strong, but you will know we are getting near the end when gold will be increasing as the dollar is increasing. The dollar’s value looks strong, but gold is going to be going up at the same time.”

In closing, Morgan says, “I am sure the entire world is getting ready to dive into a global great depression, and that is the way I see it. . . The globalists are telling you ‘you will own nothing and you will be happy.’ They are warning you and letting you know the direction they plan on going.”

There is much more in the 46-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One on One with David Morgan, founder of “The Morgan Report,” and producer of the upcoming documentary film called “Silver Sunrise”.