If you’ve been to one of our recent seminars, you know there is a lot going on in the world right now that could radically alter our lives. Below is a list of a few items that we will discuss in this newsletter. Look for a follow-up newsletter in the next couple of days for more information.
· The Dow Jones index just posted its fourth thousand-point gain in the last twelve months. This has never happened in the 120-year history of the stock market.
· President Trump’s Treasury Secretary, Steven Mnuchin, stated that the stock market will fall this year if the president’s tax reform legislation does not get passed this year.
· This week we passed the 30-year anniversary of Black Monday. And the media all but says it can’t happen again.
· JP Morgan Chase has issued a warning that smaller regional banks should merge because the lack of deposits at the smaller institutions could drain them.
· The “bearish billionaire” curse continues. Another billionaire is worried about the pending stock market correction.
As the stock market continues to climb to 24,000 points, we are reminded that the primary cause of this growth has been Bush and Obama’s quantitative easing policies, which continue behind the scenes even today. The unfathomable amount of money the government printed to right the capsizing ship that was the American economy has artificially inflated the economy with a façade of recovery.
Steven Mnuchin, a Council on Foreign Relations (CFR) member, has stated that the stock market is in for tumultuous times if President Trump’s tax reform legislation does not get passed this year. The CFR has long been known to be a cesspool of globalist one-world economy seekers. The organization is not keen on individual freedom but is prone to seek inroads to entangling America in globalist schemes. It’s no surprise that a globalist would be interested in seeing a crisis. With each crisis, Americans lose more and more freedom. This allows the globalist agenda to march forward faster.
This week we passed the 30th anniversary of Black Monday, which was the largest stock market crash at that time. Yahoo Finance reported this week that a similar event is not likely because regulators would close the stock market. No trading means no crash, right? What will you do if your money is locked in the stock market? This has happened before and it has lasted for months at a time.
You may have seen banners draped over bank signs. In Concord, NC, there is one on the corner of Branchview and Copperfield. Smaller banks are merging in an attempt to create bigger reserve pools to pull from during the next economic crisis. JP Morgan issued a warning that the smaller banks may feel the crunch in December because the Federal Reserve plans to raise interest rates and continue to unload the bonds they began buying in 2009. The Federal Reserve is currently holding $4.5 trillion in bonds. When nobody buys bonds like the government has been doing liquidity will dry up.
Carl Icahn, David Tepper, Howard Marks, George Soros, Jeff Gundlach, Warren Buffett, and Eliot Singer are billionaires who have stated that they are bearish on the stock market. Fundamentals no longer matter as long as the stock market continues up, right? That’s not the case for Jeff Ubben, a hedge fund manager, who managed $1.25 billion. Back in April 2017 he returned the money to investors because he was skeptical of the stock market. Did he and his investors miss out because he was early? Of course, but what's better, being early or being a day late?
Unfortunately, we continue to believe that greed will cause many people who have not removed themselves from the stock market to suffer unnecessarily. Don’t forget that you have to remove yourself a step further though. The banks are a terrible place to park your savings. Dad (Tony Treece) stated recently, “The Securities Exchange Commission adopted money market reform rules recently to HOLD people’s life savings (Brokerage Accounts, 401Ks, IRAs in the stock market AND BANKS) when the collapse starts either purposefully or when a “black swan” starts the collapse.”
In our next newsletter we will discuss “black swan” events that could trigger the next economic crisis. You won’t want to miss the email coming in the next few days.