Hey, Holla Forums. The guy who predicted “every major financial downturn in the last 30 years”, James Dale Davidson, is calling another 1929, soon. Not just a 2008, mind, but full 1929 level. If you listen to his reasoning, it's pretty sound. Other finance guys are saying similar.
The video is better than I can summarize. Just listen and ignore his book shilling. Most of the info is in the first 30 minutes and I've included important graphs for the OP images. youtube.com
Here is an article as well, if you don't want to take half an hour. thesovereigninvestor.com
We all know about the shemitah cycle and it seemed to pass us over recently. It was due around the time Brexit passed, and we thought that was it. However, given how unsound the economy is, it's possible (((people))) were holding off on letting it all fall down by manipulating markets and interest rates. Why? Perhaps they wanted it to land when Trump had the helm. Either way, I'm pretty disturbed to think about it. There are definite and undeniable signs that the economy is unhealthy right now. It's a question whether Trump can hold it together or not, and larger market cycles notwithstanding, Trump's policies would be good economically; but it may be a case of too little, too late.
If this is correct, every single stock, every house, every asset is massively overvalued right now and it's all gonna come tumbling down tumbling down tumbling doooown right back to reality. Since 2008 the markets have been swelling dramatically. It's possible this is the mother of all bubbles. All the “wealth” will simply be gone, because it was nothing but shadows in the first place. Think a Japanese stagflation economy; that could be our future. Thoughts?
The past few days the market has been shitting the bed, so I was searching around and came upon this. I don't know if it's true and if it's starting now, but I wanted to know what Holla Forums thinks. Obviously, I hope to survive and profit off this if I can, though my situation is limited. 2008 I can survive, but if it goes full Great Depression I might have to go innawoods as I have no support network. So, if the market drops, will it recover again? Or will we see something like Japan, with no recovery and not much future growth?
Here is the kikepedia summary on him (stub article):
James Dale Davidson is an American private investor and investment writer, co-writer of the newsletter Strategic Investment,[1] and co-author with William Rees-Mogg of The Sovereign Individual, The Great Reckoning (1991),[1][2][3] and Blood in the Streets: Investment Profits in a World Gone Mad (1987[4]). He also wrote The Plague of the Black Debt - How to Survive the Coming Depression in 1993 where he incorrectly predicted that as part of a "deep depression…Clinton is going to be a one-term president…I am as sure of this as I am that the sun will rise tomorrow" and that the national debt would increase by a trillion dollars during Clinton's "one-term" presidency. He also wrote in the book that Boris Yeltsin, President of the Russian Federation, would lose his job and that Russia will come under the control of a nationalist, militarist regime. He is also credited with correctly predicting the U.S. Subprime mortgage crisis, though much earlier than it actually occurred.[5] He is also the founder and former head of the National Taxpayers Union.[6] On his website, Davidson is said to be a "famous economist",[7] and although he has written several books on economic analysis, he has not taken any formal university degree in that field.