In late May Gregory Mannarino accurately predicted that the bull market in stocks was over, and since that day the†Dow Jones Industrial Average plunged by almost 700 points.
In the first video below Mannarino succinctly explains how the "epic" global debt has hit all time record highs and continues to climb with no possible way to ever pay the debt off and how "asset prices across the board will find fair market value."
With regard to the global debt crisis we have hit a critical mass, what that simply means is either:
1) More bailouts/stimulus are coming to countries and providence's across the globe, (which will only exacerbate the already insurmountable debt issue), or
2) The entire over-leveraged financial debt expansion in perpetuity system will collapse.
What this means for stock markets around the world is the current pressure already building will continue to get worse, and we are not going to get just a 10 or 20% correction, but a major reset to fair value.
At a minimum a 50% or more drop in the Dow Jones Industrial Average is coming...
It isn't just the stock market where major changes are about to hit the economy as we hear in the second video below from A Minute to Midnite, where Tony and Chris†outline of what lies ahead regarding your savings and how the institutions you have entrusted them with are about to strip them away.