"1 Little Chart And The End of America:
The Crisis Unfolding"
by Jim Rickards
"Jim Rickards here. A month ago, I went live from Washington DC and warned America of an impending financial crisis. And it’s ALL being covered up or underreported. For starters… I bet you’ve seen the inflation story that the media is sharing. You’ve seen high prices at your local gas station, and I’m sure you’re frustrated. More important, still, I bet you’ve seen your investments wither away here in 2022. The market has been a bloodbath… and many American investors have lost more than 10% of their net worth in the first 4 months. (More if you’re in tech or crypto).
This is a confusing and tumultuous time for all Americans. And it’s about to get much, much worse. You see, the topics that you’ll see on your local news or mainstream financial press only scratch the surface of what’s really going on. Fact is, there’s something much more historic happening under the surface. (Something dating all the way back to 1919.)
Things like inflation, the war in Ukraine, and huge market volatility and investment pain are all just symptoms of a much larger problem at play. It’s the supervolcano that’s been brewing underneath the global financial system. And once it blows, just days from now, it could take down the entire U.S. economy, and financial system with it. You see, in less than a week from now, an announcement from a major agency with deep ties to the U.S. government is going to change your life, and the lives of millions of Americans practically overnight. That’s because this announcement has the power to:
• Set off a massive wave of defaults across the U.S. banking system (You’ve already seen what’s happening with banks in Canada and the Ukraine. Imagine something of that magnitude happening here)
• Send the Dow plummeting by more than 80% in just a matter of weeks (And it is not just me saying that. As I’ll show you later this week it’s people like Michael Burry, Warren Buffet and Charlie Munger, Billionaire investors Ray Dalio and Jeremy Grantham, and more).
• And ruin the lives of millions of Americans at or near retirement (If you thought 2008 was bad, this could be 10 times worse).
And because the mainstream media is distracted with geopolitics, most Americans have no idea what is about to happen.
Now, for those of you that follow my work, you know this isn’t the first time I’ve done something like this. In fact, on June 20th of 2016, I broadcasted live from London and said that the United Kingdom would vote to leave the European Union. At the time most people couldn’t imagine that I was right, and probably thought I was a fool for putting it all on the line and making that prediction. But just three days later the votes came in…And I was right.
Then again, on November 4th of that same year, the night before one of the most polarizing elections in history…I stood in front of the Trump tower and told the world that Donald Trump was going to win this election. And even though 99% of the polls said I was wrong, I turned out to be exactly right.
I even went live just a few months ago to warn everyone about the coming crisis in Ukraine, saying that it was a 90% certainty it was going to happen. And though very few people listened to me at the time, we all know how that situation has turned out.
But what I’m going to reveal on May 2nd at 2 p.m. ET is much bigger than any of those predictions… It’s by far the biggest prediction of my career. And it's one of my most certain. That’s why I’ll be recording an urgent Zoom with my publisher Matt Insley to break down the situation.
It all has to do with a small pattern…one that’s NOT a traditional market-based indicator, but one that’s appeared before every financial crash in history, with only two possible exceptions in history. And once this announcement is made by this quasi-government agency, the next step in this pattern will be set in motion. At that point the crash is virtually guaranteed.
Again it’s not just me saying that. People like Michael Burry:
“This will be the mother of all crashes…
the losses will approach the size of countries.”
- Big Short Investor Michael Burry
Charlie Munger:
“This must end badly”
- Charlie Munger, Warren Buffets right hand man.
And even Ray Dalio:
“We are in a worse position than 2008”
- Ray Dalio
They are all warning of the same thing. And your wealth, your livelihood, and even your happiness are all at stake. But what you may not yet know is why. Why am I so certain that the U.S. stock market is about to suffer a major collapse? Instead of telling you why, I’m going to show you. Take a look at this:
This pattern has appeared before nearly every major market crash in recorded history. It appeared before the 1987 stock market crash, when the Dow plunged 23% in a single day, and trillions of dollars of wealth evaporated overnight.
It appeared before the dot.com bubble 2000, just before the NASDAQ dropped 75%, and didn’t recover for nearly 15 years. And it appeared in 2006, before the stock market lost more than half of its value, as millions of investors around the country watched in horror as their dreams of an early retirement went up in flames.
And the next step of this pattern is set to appear just a few days from now. And once it does, the stock market's fate, as well as the financial futures of millions of Americans, will become sealed…"
Really, WTF?
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