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When Will There be a Recession, Depression, or Worse?

This is a subject I rarely discuss due to the sheer impossibility of predicting the timing of such events. In a logical world with transparent and free markets, one might have a chance of analyzing properly what financial events might take place in the future. But with fake markets that are fraudulent and predominantly manipulated, predictions become wild guesses at best.

I know this because I had to figure out how to invest the money of many clients in markets for over 30 years. Managing the money of others was a wonderful and fulfilling business in the 80s and 90s, even though it could be somewhat stressful at times, but today it is downright scary.

The U.S. stock market, bond market, and real estate market during the past year were in a triple bubble. That has never happened before, and is vastly important information to know for all those who have their savings in these asset classes. Think about the devastating tech bubble of 2000 to 2003, and the real estate bubble of 2008, and then consider all markets in a bubble at the same time. Maybe then you will be able to realize the imminent danger of today’s situation.

The talking heads and the so-called experts are at the same time predicting everything from a total collapse to much higher markets and economic prosperity. So which is it, and what will actually happen? The real question in my mind is not if there will be collapsing markets, there will be in my opinion, but when will that major downfall occur? I will not predict a particular time, but I believe things will get much worse in the not too distant future. Predicting the timing of major market corrections cannot be done accurately given the controlling interests involved, especially given the power weilded by those interests.

While government, its policies including constant war, and its spending are a factor, it is the banking system that controls the financial markets, the interest rates, and money creation. Given all that has happened over the past two decades, especially since the crash of 2008, a major depression should have occurred long ago. But it has not happened so far, and for reasons that are foreign to logic. This indicates collusion and conspiracy.

It did not happen because the central banks and their banking partners did not allow it to happen. And of course, the adverse future financial consequences of this corrupt but successful effort to prop up the market system the past ten years will once again fall on the shoulders of the average American taxpayer. But next time, the crash will be much deeper, more devastating and longer lasting. Underlying conditions have deteriorated beyond what most normal people can possibly imagine.

An economic collapse today under the current conditions that exist, some of which are the major financial bubbles, the monstrous public and private debt, the unbelievable leverage of the banks and financial firms, the societal and moral breakdown across the planet, and the continued apathy of the masses, will be catastrophic. So much so in my opinion that civil and political unrest, rioting, looting, violence, war, police state takovers, and Martial Law will be commonplace.

I am not a pessimist or a cynic, I am simply basing my opinions on what information is available and compelling. I have not in my lifetime seen such a negative and monumental change in the general society at large, nor in such widespread proportions. It is a phenominon unmatched in American history, and one that will shake the very foundation of our existance.

In conclusion, I cannot tell you when this economic failure will happen, only that in my opinion it is going to happen. As far as I am concerned, this is not debatable. I hope I am wrong of course, but I suggest that all get prepared for the very dangerous times ahead, times that have never been seen before.

Copyright © 2019 GaryDBarnett.com

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