One of our most recent video reports!
See the original article below:
Josh Sigurdson talks with author and economic analyst John Sneisen about the concerning overheating of the stock market as we see over the top speculative euphoria like we've seen so many times before.
Regularly bullish Byron Wien of Blackstone recently said this,
"A 10% to 15% stock-market correction this year is "virtually unavoidable."
Now, Wien is what one may call a stock market addict. He still believes the year will end higher than it started, but history does not appear to show this. We've seen a lot of bullish speculations in the past leading up to a crash from so-called experts. But the fact is, the derivative manipulation is reaching a breaking point. A 10-15% correction would likely cause a panic at this point.
In 1929, investors came from all over the world to Wall Street to make a fortune. October 1929 quickly turned from a month of all-time highs and enormous wealth to a massive crash and poverty.
John goes into the margin debt and looks at historical charts, comparing them to today. The similarities are incredibly alarming and people should be paying attention.
Inevitably, people are going to flood out of the stock market, bond market, fiat currency into cryptocurrencies and tangible assets like gold and silver.
While the fundamentals are off the table due to the level of manipulation in the markets as well as the monetary system, we cannot put a date on the crash, but we know it's going to happen. This is precisely why we always say, it's better to be over prepared than underprepared.
Self-sustainability and financial responsibility are a must. People must understand their money. They must understand value in order to get ahead of the curve as this centralized system comes tumbling over. It will cause a domino effect.
Stay tuned as we continue to cover this issue.
