Five years ago, talks of “Dollar Death” and imminent market collapse dominated YouTube, with urgent warnings to exit the stock market and to empty your bank accounts and to hoard precious metals that would tide you through the Apocalypse.
Since that time, we’ve seen the suppression of gold and silver prices, the hypervaluation of the Tech Giant FAANGs (Facebook, Apple, Amazon, Netflix and Google) and tulipomania in the cryptocurrencies.
All of it screams of manipulation, especially to suspicious folks like us, who don’t believe a word that comes out of officialdom.
Well, whispers of a Global Currency Reset (GCR) are back and Lynette Zang, who’s been monitoring markets since 1964 is here to show us how identify a financial bubble and the two patterns to look for just before a crash.
Zang is convinced that we’re very close to the reset and her goal is to not just to weather it but actually to benefit from it. By studying two bubbles in the past, the Crash of 1929 and the second largest bull market in history, 1999, we see that in both cases, instruments were created by which risk was transferred from the insider few to the many, with the public being wiped out and this is the very nature of the game: transferring the risk from the few to the many.
This brings us to today, where we have Larry Kudlow, best known as a host on CNBC and now a financial adviser to Donald Trump, telling us that we’re in the greatest economic boom in history, with all of markets reaching new highs – and the telltale bubblicious “hockey sticks”, with corporate earnings and other metrics zooming to unseen heights.
So, where is the risk this time and how is it being transferred from the few; the corporate elite to the many; the public? What is the true state of the consumer, who as Zang says is “Left holding this entire bag?” When will the risk transfer in this go-round be complete?
“Because once that is completed, when they feel they’ve transferred enough risk from the few to the many; from the elite to the public and it becomes too expensive to maintain the charade, that my Dear, is when you will see the crash.”
She says a great deal of risk lies in fiat money products, which includes pensions, IRAs, 401Ks. She asks, Is it really that these corporations are worth that much more or that the currency has declined?