Not Even Central Banks Can Stop the Impending Credit Crunch. Part 2
This report is an update of a previous video where I talked about how credit cycles come and go and how not even central banks are capable of stopping them.
I go over an article by Robert Burgess on Zerohedge about how credit cracks in the system are starting to show through the NACM's "Dollar Collections" Index.
To conclude this report I show how gold and silver have been the best investments in the 21st century and why they are still undervalued and why the stock markets are overvalued.
Part 1 video report: https://steemit.com/market/@maneco64/l5t01ac9
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Really sir,greet analysis.Thanks for sharing with us
Thanks @anikearn!
This is really good informative post. we always inform your post...thanks a lot..
Thanks @beautybangladesh!
Hey Mario thanks for the info. I have a question if we are likely going to see a major credit crunch, which I assume will see higher interest rates and less credit for people, is it better to get credit for items now or wait. Obviously it is always best not to borrow to buy an item, but cars in U.K. are so expensive now I don't see how most people can buy them without credit. If you need to buy a new car this year, is it better to buy now on credit which is cheaper and easier to get, or wait ? I guess prices might become cheaper later, but credit more difficult to come by
Hi @batfinkler, If you are able to get credit always make sure you can afford to cover the cost in case of loss of income. As for interest rates they might not be going up that much in the U.K. but they are in the U.S. and that will have a big impact world wide as the dollar is still the reserve currency.
Thanks Mario. I guess what I'm trying to get at, if you are confident employment is relatively safe, and also need credit for he purchase items, isnit better to buy now or after a credit crunch hits. Before I imagine credit will be cheaper and easier, whereas afterwards it will be more expensive and harder, although goods maybe cheaper ? I heard of Libor coming to end, which means companies can change the interest rate after you agree it ?
I'm really glad to see your persistence is paying off! I kinda fell off as a regular follower when the web bot reports stopped. Keep up the good work!
more informative information has in your video, carry on sir.
sir you are always great, predict good thing.
i respect you and your wprk.
Thanks @moon-girl!
pleasure
Hey sir you are genius. your gbp and usd pridiction give me and my friend some benefit. Thanks for being with us.
And I am following you.
I am glad I was of some help.
really very usefull analysis of marvelous review
dear @maneco64 ,,,its for central bank of Impending Credit Crunch,,
thanks
its amazing work sir......Thanks sir for update
Most informative video on dtube regarding economics marketing
When Enough people lose confidence the banks won’t be able to stop what’s coming unfortunately. Another informative video. Thanks mike
You are welcome @mikenevitt.