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The greatest financial/economic collapse in (known) world history has been planned a long time ago.
I’ve told you about this many, many times.
Continue to prepare for (total) collapse,…
…because it’s coming.
Financial insiders contemplate “imminent” 2018 US stock market crash of up to “50%”https://t.co/fw7bgkHZxL
— Infinite Unknown (@SecretNews) February 17, 2018
Coming dramatic decline of US stock prices would trigger global recession, finds grim forecast to be explored at roundtable hosted by British financial services think-tank
A new analysis published on the website of a London-based think-tank, funded by the world’s biggest banking and financial services institutions, warns that the US stock market is on the brink of an imminent crash that could trigger another global recession.
The document by a senior US economist and former Houblon-Norman Fellow at the Bank of England is published on the website of the Centre for the Study of Financial Innovation (CSFI), which runs around 100 roundtable events a year involving financial services insiders from the UK and beyond.
The document forecasts that in 2018, US stock prices are likely to plummet by as much as “forty to fifty percent” — compared to the less than five percent plunge in early February. The document was published weeks before the recent stock market volatility.
The warning of a forty to fifty percent drop points to the prospect of a global financial crash worse than the 2008 banking collapse.
All 2018 gains are gone…
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Today, the Dow Jones suffered (including the plunge after hours) its biggest point crash in history, turning negative for the year, which for a president who takes particular delight in every uptick in the market, was terrible news.
So, as many expected, the White House issued a statement after the close, commenting on today’s market crash.
Predictably, there was little commentary of the “day to day” moves, and instead Trump deflected by pointing out that he is now focusing on the economy’s “long-term fundamentals” instead.
Full statement below:
“The President’s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasing wages for American workers. The President’s tax cuts and regulatory reforms will further enhance the U.S. economy and continue to increase prosperity for the American people.
Translation: Trump will never again tweet about the market.
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According to Citi, by mid-2019, equities are facing a nearly 50% drop to keep pace with the upcoming central bank asset shrinkage.
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In the forests of Colombia, a record-breaking discovery was made.
A 1759-carat emerald was uncovered from the Coscuez mine. It is now part of the collection of the Banco Nazionale of Columbia. The massive jewel could be worth as much as $17 million, based on current per-carat estimates.
H/t reader kevin a.
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