It Will Be Like 1929 All Over
When the Left gets control of this nation, and they will, whether it’s now or 2 years from now, they will ruin this country. But fear not because God is in control and the Bible tells us this will happen. When the godless rule, the righteous groan.
We pray that this happens after the rapture.
*************
"It'll be 1929. That's my opinion." — President Trump, October 1st.
Four time Presidential Advisor, Jim Rickards recommends Americans make three urgent moves before November 3rd.Well, that's one way to end a press conference.
Recently, President Trump was asked about the upcoming midterm elections. And his answer was shocking:
"I think if the Democrats get in, we will end up in a financial depression. We will go into a depression the likes of which we've never seen before. It'll be 1929."
If he’s right, we could be in for a bloodbath in the weeks ahead.
Speaking of 1929…
If you had $100,000 in stocks at the peak, you had about $11,000 left by 1932. And the Dow didn't get back to even for 25 years.
Perhaps Trump is right to be concerned.
As of this writing, the betting markets give the Democrats a 92% chance of taking the House.
Meanwhile, Wall Street is partying like it’s 1999.
With the S&P 500 hitting one new high after the next.
But one man who is close to the situation… four-time Presidential advisor, Jim Rickards… isn't so relaxed.
Rickards famously warned John McCain's campaign in the summer of 2008:
"You won't make it to Election Day without a major market meltdown."
They laughed him off the phone. About a month later, Lehman Brothers collapsed.
Now Rickards says Trump's 1929 warning may not wait for Election Day. In a startling new briefing, he shows why the meltdown could hit before a single vote is counted.
Making matters worse, stocks are more expensive today than they were right before the 1929 crash.
Speaking of 1929…
If you had $100,000 in stocks at the peak, you had about $11,000 left by 1932. And the Dow didn't get back to even for 25 years.
Perhaps Trump is right to be concerned.
As of this writing, the betting markets give the Democrats a 92% chance of taking the House.
Meanwhile, Wall Street is partying like it’s 1999.
With the S&P 500 hitting one new high after the next.
But one man who is close to the situation… four-time Presidential advisor, Jim Rickards… isn't so relaxed.
Rickards famously warned John McCain's campaign in the summer of 2008:
"You won't make it to Election Day without a major market meltdown."
They laughed him off the phone. About a month later, Lehman Brothers collapsed.
Now Rickards says Trump's 1929 warning may not wait for Election Day. In a startling new briefing, he shows why the meltdown could hit before a single vote is counted.
Making matters worse, stocks are more expensive today than they were right before the 1929 crash.
posted by Dennis at
10:47 AM
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