Ed Dowd: The imminent global “deep recession” will be used to usher in CBDCs
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# PROPHECY UPDATE
PROPHECY RELATED NEWS AND COMMENTARY
## Friday, August 22, 2025
### Ed Dowd: The imminent global “deep recession” will be used to usher in CBDCs
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**Ed Dowd: The imminent global “deep recession” will be used to usher in CBDCs**
Rhoda Wilson
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**Edward Dowd, a former Wall Street money manager and founding Partner of Phinance Technologies, predicts a severe financial crisis in the United States, potentially worse than the 2008 crash, with the most critical phase expected to unfold in 2025/2026.**
In an interview last month, he warned of a deep recession triggered by a housing crisis that will lead to a huge financial shock in the next 6 to 12 months, with stock market crashes, job losses and bank failures likely to intensify.
A central theme in Dowd’s analysis is the impending failure of numerous banks, particularly smaller institutions, leading to a major consolidation where the majority of banking activity would be controlled by fewer large banks. This consolidation, he argues, would be a necessary precursor to the introduction of a central bank digital currency, which is a tool for unprecedented government control over financial transactions and people’s behaviour.
Edward Dowd, a former BlackRock portfolio manager who oversaw a $14 billion growth equity fund for over a decade and co-author of the book ‘ _Cause Unknown: The Epidemic of Sudden Deaths in 2021 and 2022_ ’, discusses the current state of the financial system, particularly the United States’ reliance on debt expansion and monetary interventions like quantitative easing (“QE”), and the potential consequences of this strategy.
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According to Ed Dowd, the dollar is subject to long cycles;Tim Wood, the “Cyclesman,” has identified a four-year cycle. Based on Wood’s research, the downturn out of this sixth economic cycle is now lined up to correspond with the bursting of the largest economic bubble in history. As long as the dollar stays ab