Josh Sigurdson talks with author and economic analyst John Sneisen about the recent statement by Trump on a radio show that the stock market “may take a hit” following the trade war talk between the U.S. and China.

The stock market has been bubbling for a long time. It’s being propped up by investor confidence while the fundamental value is left in the dust. Of course the fundamentals are off the table due to the level of manipulation in the markets as well as in the monetary system, so we can’t say WHEN the crash will be, we just know it’s inevitable.
Now Trump is saying that we will see some pain and we will take a hit. Well that may be under-assessing the situation. An understatement without a doubt.
As we see the stock market hockey stick and then dip as much as we’ve seen recently with the Dow as well as the S&P500, there’s no doubt that something big is in store.

We are seeing records get broken. We are seeing the repeat of things we haven’t seen since the Great Depression in 1929. Localized housing markets are bubbling. Banks are insolvent. Interest rates are being forced upwards to avoid a negative interest rate during the coming dollar crash.

Now of course Trump has nothing to do with this. He can affect the market by saying things and doing things, but overall, this comes down to a crazy derivatives market that has grown bigger and bigger into a wrecking ball of epic proportions. As it grows larger, it will simply wipe out more of its surroundings. The pain has only just begun. This will not be a temporary pain and long term bull market. This will be the end of the current stock market as we know it. The bubble will burst.

Stay tuned for more from WAM!

Video edited by Josh Sigurdson

Featuring:
Josh Sigurdson
John Sneisen

Graphics by Bryan Foerster and Josh Sigurdson

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