Economic Crisis: Market Will Fall by 50-75% as Petrodollar, Energy Sector Break Down
I discussed this in detail with Dave at the X22 Report. We started the interview by chatting about the highly inflated U.S. Retirement Market and how more funds are being paid out to retirees than is coming in. This is the beginning of the last stages of the Biggest Ponzi Scheme in history.
While the Alternative Media focuses on the horrible situation in the State Pension Funds, it’s also very bad in the private sector retirement market as well as the Federal Pension Funds. While the State Pension Fund Plans have $4 trillion in assets and $1.9 trillion in liabilities, the Federal Pension Funds only have $1.6 trillion in assets versus $1.9 trillion in liabilities (source: Investment Company Institute). See chart below video.
And… we have to remember, the “supposed assets” on these funds’ balance sheets are considerably inflated. So, when they POP, the U.S. Retirement and Pension Fund Market will implode.
Furthermore, I discuss how Americans who are putting their funds into retirement assets aren’t really building wealth. Rather, the money that Americans are investing into the U.S. Retirement Black Hole every month is being used to pay off retirees today. Thus, the money that goes in, is immediately redirected into paying those who retired.
Unfortunately, Americans have no idea that the money they invested into their retirement account wasn’t put into some large gold vault, so when they retire, they can start collected their gold coins. OH NO… rather, all they have been doing is paying off Americans who retired before them.
Lastly, most of the Alternative Media focuses on issues that aren’t as important as ENERGY. For example, many Alternative Media sites focus on Conspiracies about the Elite controlling the world. Yes, it’s true….. the Elite control the world, and have been doing so for thousands of years and will continue to do so.
- when the Ancient Roman Empire collapsed, so did Elite’s wealth and control. The main city of Ancient Rome saw its population fall from 1 million down to 10-20,0000 people. So, along with the collapse of Ancient Rome, the value of Real Estate, Businesses and Wealth evaporated.
Don’t be fooled by analysts who are forecasting that NEW TECHNOLOGIES are going to save us. This is pure BOLLOCKS. Folks… we have run out the clock. Now, it’s time to prepare and protect one’s wealth.
The Next Crisis Financial Crisis Is Going To Be A Dollar Crisis: Peter Schiff
A New Currency Emerges As The Old Currency Withers Away, Welcome To The Transition
There are no less than 100 economists
currently predicting a stock market crash this Fall–in 2017. Here is a
selection of quotes from just a handful of them:
- Jim Rogers, who founded the Quantum Fund with George Soros, has issued a dire warning when he said, “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.”
- Mark Faber recently told CNBC that “investors are on the Titanic” and stocks are about to “endure a gut-wrenching drop that would rival the greatest crashes in stock market history.”
- Andrew Smithers warns, “U.S. stocks are now about 80% overvalued.”
- Smithers backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.
- Even the Royal Bank of Scotland told their clients to “sell everything” because “in a crowded hall, the exit doors are small.”
- James Dale Davidson is the famed economist who correctly predicted the collapse of 1999 and 2007. He says this is the year and this is it.
