Tags: Faber | stocks | Wiedemer | markets

Billionaire Warns: 50% Drop in Market On The Horizon

By    |   Tuesday, 23 April 2019 05:58 AM

U.S. investors must prepare for a devastating stock market collapse.

That’s the takeaway from one well-respected economist after his recent appearance on Bloomberg TV’s “Street Smarts.”

According to Marc Faber, the author of the "Gloom, Boom, and Doom Report," a recession has already started in the U.S., and the next few months will be disastrous for investors.

Faber says he expects the markets to drop “at least” 20 percent over the next six to nine months.

Faber’s pessimism during his recent appearance on Bloomberg wasn’t surprising for a man whose nickname is “Doctor Doom.” What was surprising was his level of displeasure with the recent presidential election.

Faber stated that President Obama is a “disaster for business, is a disaster for the United States.”

He is also worried that the president has seemingly no concern about adding more debt to an already ballooning deficit.

“He doesn’t care about piling up debt.”

That’s when the famous economist delivered a heavy blow.

Faber says that because of President Obama’s re-election, “The market should be down at least 50%”

Faber also holds Federal Reserve Chairman Ben Bernanke responsible, stating that his “artificially low interest rates enable the debt to escalate endlessly.”

While it is worrisome that Faber feels the market should be down at least 50%, it is hardly as alarming as the scenario laid out by another economist.

Without appearing on Bloomberg or being known by a scary nickname, Robert Wiedemer did what Marc Faber couldn’t: He accurately predicted the economic collapse that almost sunk the United States.

In 2006, Wiedemer and a team of economists foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending, and published their findings in the book "America’s Bubble Economy."

But Wiedemer’s outlook for the U.S. economy today makes “Doctor Doom” sound like Mr. Rogers.

Where Faber sees a recession, Wiedemer sees much more widespread economic destruction.

In a recent interview for his newest book "Aftershock," Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2013.”

Editor’s Note: See the disturbing interview with Wiedemer.

When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”

The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.

Shocking Footage: See the eerie chart that exposes the ‘unthinkable.’

But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.

The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.

The overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content. Federal Reserve Chairman Ben Bernanke and former Fed chief Alan Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog, “but unfortunately, it kept getting pulled.”

“Our real concern,” DeHoog added, “is what if only half of Wiedemer’s predictions come true? That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”

Editor’s Note: For a limited time, Newsmax is showing the Wiedemer interview and supplying viewers with copies of the new, updated Aftershock book including the final, unpublished chapter. Go here to view it now.


© 2019 Newsmax. All rights reserved.

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U.S. investors must prepare for a devastating stock market collapse. That s the takeaway from one well-respected economist after his recent appearance on Bloomberg TV s Street Smarts. According to Marc Faber, the author of the Gloom, Boom, and Doom Report, a recession has...
Monday, 12 November 2012 04:27 PM
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