Friday, May 19, 2017

Economic Crisis: Analyst Predicts Markets Will ‘Be Hit’ by Triple Collapse ‘Worse’ than 2008 Crisis

THE next financial crisis will be worse than the collapse seen in 2008, and investors should seek shelter from the storm in precious metals and crypto currencies, according to an analyst who has predicted a triple market burst.

Mike Maloney said housing, bond and stock markets are now in for a big fall, after forming an 'everything bubble' which will have devastating effects when it bursts.

The crash will push investors into gold, silver and the likes of bitcoin, according to the gold analyst.

House prices across Britain and in other markets including Canada have surged since the financial crisis, which is set for a correction, believes the analyst.

Several measures also point to inflated stock and bond markets.

The next crash could be even bigger than 2008, according to Mike Maloney

Now a crash is fast approaching, Mr Maloney has warned.

And money-printing programmes used by central banks in the US, Britain and Europe at the height of the last financial crisis is set to make the next crash far worse.

Mr Maloney has detailed his thinking on YouTube.

He said in a video: "I believe that there is something very big and very dangerous coming at us, very fast right now.

"And I want as many people to be as prepared as possible.

"This is the first-time in history that there has been an everything bubble."

Mr Maloney added: "Back in the year 2000, it was stocks. In the year 2008, it was stocks and real estate.

"This time it is stocks, real estate and bonds.

"And they're all in some of the biggest bubbles of all-time, and when this bursts it's going to be devastating for most people - but it doesn't have to be devastating for you."