Charles Nenner, a geopolitical expert, and financial cycle analyst says the coming financial crisis will see the DOW Jones at 5,000. Nenner went on to say that it’s going to be “very bad,” yet he remains “dollar positive.”
Nenner, who appeared in an interview with USA Watchdog’s Greg Hunter said the coming financial crisis will be “Very bad. I called for Dow Jones 5,000, and I still call for Dow Jones 5,000. . . . It’s going to be a bloodbath, but as I said the last time, in the 1990’s when the Dow was 5,000, the world still looked okay.”
“The mainstream media talking heads are telling you to buy, but never tell you to sell,” Nenner says. He added that the time to sell stocks is getting close and explains, “It’s just a hopeless situation. I feel sorry for people who invest their money. We have had a nice ride, but soon the whole thing will come tumbling down. They listen to all these things and have no clue on how to invest . . . . I think soon . . . this will become the longest expansion in financial history. . . . So, this could be the longest expansion ever, what are you playing with? You are gambling with nonsense. So, it’s over.”
Nenner goes on to say, “Then, you have the inflation story. The inflation story is brought about by people who don’t do their historical homework. They remember for the last 30 years, there was always inflation. So, they continue to talk about inflation. I proved that in most of the financial history that deflation is the norm. . . . They have talked about inflation for two years, and there is still no inflation. . . . Copper is going down. Crude is going down, and we have a deflation problem, not an inflation problem.”
When asked about whether or not a big debt reset is coming, Nenner says, “The last time we were in this situation was when Roosevelt was President. It was very interesting because they paid off only 25% on the dollar because the inflation that came. Now, the problem is if you don’t have inflation, you still owe the whole amount of money. This is why they urgently need this inflation. So, the value of the money goes down, and you have to pay off less. There is no inflation. So, it is a big problem, but they can keep this going forever. I don’t think it’s a problem because countries can keep printing money as long as they want.”
The other huge concern is a big cycle Nenner has been seeing and is the so-called “war cycle.” Nenner says, “The next four or five years in this war cycle is very dangerous.” But on gold and silver, Nenner is bullish, but “not until after this summer.”
I’m not doubting his warning but I’m dubious of the accuracy of timing. I have been waiting for this for several years missing huge gains in equities. I don’t know this gents background; what makes him an expert?
No idea of his background but I listened to this interview this morning. He talks in circles. I couldn’t really get anything concrete out of it except at the end when Greg says, “So you should own your stuff” (not be in debt) Not one of the best interviews on this channel.
I think I heard that suggestion years ago from a gentleman named Ben Franklin.
“Do not a borrower or lender be”.
“The Coming Financial Crisis Is ‘Going To Be A BLOODBATH’
Duh, news FLASH. It always is a bloodbath at the end of every business cycle because pigs stay at the trough too long and get slaughtered. Usually they are mostly retail, individual investors, and these are the fools in the market right now. The more things change the more they remain the same.
The BIG money is out of the market and stock prices are supported by retail investors and corporate stock buybacks.
🙂
The ‘bloodbath’ will really turn sticky when people start hanging lawyers, politicians, financial manipulators, bankers, insurance executives and all the rest that to date have existed like blood-sucking leaches off the people who actually work for a living. Damn…. I can’t wait. Sounds good to me.
We’ve been hearing about this coming financial crisis for a decade. It’s way overdue! When? We need the reset!
You can never have enough portholes in a submarine or enough financial experts predicting disaster. Both are equally necessary.
Sure it is. We have heard this a 1000 times.
Sgt.
Promises. Promises.
This is the same old news.
Off topic:
Have you heard the news that the 19 year old driver of the car at the Charlottesville demonstration was found guilty. From what I hear, it is a miscarriage of justice; and a totally bogus conclusion to a trial which should never have been.
We are living in an increasingly oppressive bolshevik style totalitarian nightmare.
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Still no inflation, hogwash! Housing prices, food prices, hell the price of everything jacked up relentlessly. Made enemies in our own homeland. Human life has lost any value it once had.
The market has already corrected. It’s a slow up from here. Invest in Blue Chips and you’ll be fine. PM’s make a good diversity just in case they ever do go up. Doubtful in the short term.
hoser, How is that possible at all time highs ? That is not a correction
And yes we are seeing serious inflation and it will get far worse
Quantitative Easing didn’t help us so Quantitative Tightening won’t hurt us.
He obviously doesn’t know his ass from a hole in the ground.
smky, agree
I have been reading that we are in a deflationary era since the late 1990s. If true, I should be buying more for less. Yet, I have been buying less for more. When making investment and economic predictions, timing is the most important aspect of the prediction.