Are You Prepared For The Coming Economic Collapse And The Next Great Depression?
This is definitely not the gift that investors wanted for Christmas. On Monday, the Dow Jones Industrial Average plunged 653 points as panic swept through Wall Street like wildfire. That represented a 2.9 percent daily decline, and that made it the worst Christmas Eve for the Dow ever recorded. Incredibly, the previous record had lasted … Read more
If the financial markets are going to be just fine, then why did Treasury Secretary Steven Mnuchin make emergency calls to the CEOs of the six biggest banks in America on Sunday? And if we don’t have anything to worry about, then why has he scheduled an emergency call with the Presidents Working Group on … Read more
Just when you thought that things couldn’t get any worse, they did. During normal times, a Friday before Christmas is an extremely boring trading session, but these are not normal times. On Friday, the Dow Jones Industrial Average was down another 414 points, and that brought the total drop for the week to 1,655 points. … Read more
We have not seen anything like this since the financial crisis of 2008. On Thursday the Dow Jones Industrial Average lost another 464 points, and over the last five trading sessions it has lost a total of more than 1,700 points. CNN’s Fear & Greed index has swung all the way over to “extreme fear”, … Read more
The Federal Reserve has decided not to come to the rescue this time. All of the economic numbers tell us that the economy is slowing down, and on Wednesday Fed Chair Jerome Powell even admitted that economic conditions are “softening”, but the Federal Reserve raised interest rates anyway. As one top economist put it, raising … Read more
The Federal Reserve is responsible for creating the stock market boom that we have witnessed in recent years. Are they now also setting the stage for a stock market bust? After hitting an all-time high earlier this year, the Dow has plunged more than 3,000 points from the peak of the market, and it would … Read more
U.S. stocks have not fallen this dramatically during the month of December since the Great Depression of the 1930s. On Monday, the Dow Jones Industrial Average lost another 507 points, and it is now down more than 1,000 points from Thursday’s close. This fresh downturn has pushed the Dow and the S&P 500 very firmly … Read more
The stage is set for a battle of political willpower that could potentially be unlike anything that we have ever seen before in American history. Last Tuesday, there was a shouting match in the Oval Office that changed everything. During a very heated exchange with Nancy Pelosi and Chuck Schumer, President Trump boldly declared that … Read more