In a recent interview with Greg Hunter of USAWatchdog.com, veteran radio host and archeological expert Steve Quayle issued a stark warning about impending global economic turmoil, introducing the term “Convulsonomics” to describe the current financial climate.
Addressing the recent volatility in precious metals markets, Quayle, who has four decades of experience in the sector, explained that the dramatic selloff in gold and silver prices represents a normal market correction following period of intense gains. He noted that while gold experienced a $230 drop, this followed multiple daily gains of $100 over the previous week. The silver market, he emphasized, faces severe supply constraints, with the London Bullion Metals Exchange struggling to fulfill physical delivery demands from paper contract holders.
Quayle predicts this situation will lead to an unprecedented silver short squeeze, with both metals likely to experience significant price swings in both directions. He criticized mainstream media coverage for focusing solely on the selloff without providing proper context.
The economic warning extends beyond precious metals markets. Quayle forecasts the emergence of full-scale civil unrest and describes an orchestrated decline of the U.S. dollar in favor of digital
currencies. He aligns with Catherine Austin Fitts’ perspective that these digital systems represent a form of financial imprisonment from which escape would be impossible.
Of immediate concern is the impending suspension of government food assistance programs. Quayle highlighted that approximately 42 million SNAP beneficiaries face uncertainty as the program approaches a potential shutdown on Halloween. He suggests this situation could trigger widespread social upheaval, particularly in urban areas.
The broader economic landscape presents multiple challenges, according to Quayle. He anticipates potential bank bail-ins where depositor funds could be used to rescue failing institutions. Additionally, he foresees the implementation of spending restrictions through credit limitations.
On a global scale, Quayle points to several concurrent crises. He discusses the apparent decline of major international institutions like NATO and the European Union, while highlighting environmental concerns related to geoengineering. He argues that soil degradation, water contamination, and atmospheric manipulation are contributing to agricultural challenges, creating what he terms “the perfect storm.”
The interview touched on various manifestations of what Quayle calls “Convulsonomics” – a term he coined to describe the violent economic and social convulsions he believes are approaching. He emphasized the urgency of preparation, particularly given the short timeframe before potential food assistance disruptions.
Quayle concluded with a philosophical observation, suggesting that current political measures cannot address what he views as
fundamentally spiritual problems. His warning encompasses financial markets, social stability, environmental concerns, and institutional breakdown, painting a picture of multiple converging crises.
This comprehensive warning comes at a time of significant market volatility and growing social tensions, with particular emphasis on the immediate concerns surrounding government assistance programs and their potential impact on millions of Americans. Quayle’s analysis suggests these various elements are interconnected, contributing to a broader pattern of economic and social instability that requires urgent attention and preparation.