Wednesday, May 29, 2019

Greg Hunter, "Greatest Crash in History Coming in June, 2019"

"Greatest Crash in History Coming in June, 2019" 
by Greg Hunter’s USAWatchdog.com 

"Financial analyst Bo Polny made a huge contrarian call on election night 2018. He predicted the stock markets would not rally but sell off by the end of the year. He was right, the DOW was down nearly 20%. What is he predicting now? Polny says, “The reason the stock market crashed in the month of December is because, basically, we are leading up to the greatest crash in history, which is going to hit this year. The crash that happened in December is only a prelude to what comes this year. So, that was only leg one down, and leg two is going to be much, much worse. It’s a replica of the great crash of 1929. That massive crash is about what is to be experienced this year but worse.”

Polny thinks the next stock market selloff will start in June, but not everything sells off.  Gold, silver and cryptos are going to spike higher. Polny explains, “The crash that comes in July is going to blow away the crash that comes in June. Then there is going to be a rush to safety. People will flee to safety. Remember, how much money have they printed? How much money do we not know that they printed? You know about that whole game of the $21 trillion in ‘missing money.’ With all of this money that has been printed, all of this money has to go somewhere. People will lose faith and confidence in this paper based system. The cycle foretells the end of the paper based monetary system beginning in July. Gold is going to jump in June initially. They are then going to try to hammer it back down. Once it jumps, they are going to start to lose control. When July hits, that’s when it will get pretty epic. By year end, Bitcoin, gold and silver will all, all be at new all-time highs.”

Polny adds, “When you do time based analysis, you have direction and time. So, what I know is the stock market has a down cycle into the end of the year. What price the stock market hits by the end of the year, I don’t know. I will tell you it’s probably a 40% crash from the top as a guess. They have kept down the price of gold and silver because if it goes up, it’s the end of the paper game. We are going to see gold and silver explode between year end. I believe the fireworks are going to hit in July, but I also think the start of it will hit in June.”

Polny says the changes in the financial system will be vast. Polny explains, “A new financial time point will begin, a new era of time begins before the end of this year. The world will change into a new system.”

Polny says the new system will not be paper based. Polny says, “What is paper? The U.S. dollar, the Treasuries, the stock market, 401(k)s, IRAs, derivatives, and all of those instruments were used to control the price of gold and silver. When events happen that destroy the paper based system or the faith based system and confidence breaks, you are going to have massive fleeing into something that actually holds value. Blockchain will become the next ‘go to’ in terms of monetary transactions. So, blockchain and major crypto currencies, gold and silver, those three things are going to be the three huge assets in the future because the old dies. The whole point we are talking about is prepare, prepare and prepare.”

Join Greg hunter as he goes One-on-One with 
financial analyst Bo Polny of Gold2020Forecast.com.

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