The financial crisis now breaking will be ten times worse than 2008. It will need its own name, perhaps the Extremely Great Financial Crisis.
Stocks, bonds, commodities, real estate, mortgages, corporate financial outlooks…are all tanking. The dollar is spiking. Layoffs are growing. Markets are imploding. What is going on?
We have a liquidity crisis that is on its way potentially to becoming a solvency crisis that would then result in a wave of punishing bankruptcies. It’s a one-two-three punch.
In this important video, I’m digging into the data and the economic downfall heading our way.
Jack is back (as the financial crisis 2.0), and he’s scarier than ever.
My advice is to become prepared, become resilient, and keep your friends and family close. The policy errors of many decades are now all converging on this next year as the time when their pent-up energy of awfulness will be unleashed.
(Watch Chris’ video at https://peakprosperity.com/this-financial-crisis-will-be-10x-worse-than-2008/)