Former White House Chief Strategist Steve Bannon has issued a dire warning to the American people that all signs point to a terrible winter.

And he says it’s time to start getting ready.

During a segment of his “War Room Podcast,” Bannon warned that The Economist has released a new issue of their newsletter titled “The Shortage Economy.”

Bannon referred to it as a “tip sheet” for the elites and cautioned that America should take it seriously. He suggests that if mainstream sources like the Economist are predicting disaster, then it’s time for Americans to prepare and get ready.

“The revered Economist, what is their headline? The Shortage Economy. America needs to prepare… Get ready for the bleakest, darkest Christmas in living memory… This is far beyond stagflation,” Bannon said.

“We’re entering into another faze. It’s all the converging forces. Remember, elections have consequences, illegal elections have catastrophic consequences,” he added.

”This is why we’re in dangerous territory right now. Biden’s fiscal and monetary stimulus is the most reckless thing in American history. And you know who’s going to pay for that, the workers… I’m gonna tell you, This Christmas, it’s going to hit and it’s going to hit like nobody’s business. And nobody else in all media is going to tell you this,” he added.

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