Economist Neil McCoy-Ward warns that the central banks are lying, inflation is not transitory and a major recession–if not a full-fledged depression–is looming. “The period that we are in right now and going into, could be worse than some of the things that happened during the Great Depression,” he says.

McCoy-Ward says the current Ukraine-Russia conflict is not to blame, as many pundits would have you believe, because most of the inflation, energy and supply issues were here before the war. Here’s his report and, as always, use your own discernment to judge the material.