Well-known precious metals analyst and author-speaker David Morgan said all markets are manipulated and it is now out of control.
“All these markets are manipulated. They’re not really true, free-market price discovery,” Morgan said during the Dec. 15 episode of “Steel Truth” with Ann Vandersteel on Brighteon.TV.
The Silver Guru added that the market is supposed to reflect how well a given business or sector is doing but “what we have now is just a market out of control.” (Related: The stock market, fatally wounded by the truth, will stumble and crash.)
The publisher of The Morgan Report, also took note of the disconnect between the market economy and the physical economy which he said is becoming more and more of a chasm. He added that people “don’t trust the markets” because they are on a huge balloon.
“And so most of the smart money, I would say most but a great deal of the smart money has moved out of the stock market, which means in and I’ve been wrong as far as witnessing topping out,” Morgan disclosed.
“And you’re not having said all that doesn’t mean that the mother nature of economics will take over and we’ll have a big drift down in the stock market sometime in the first quarter, maybe second quarter of next year.”
When asked about the implosion of real estate holding company Evergrande, the investing author and online investment adopter said that it could have absolutely devastating consequences.
“And this is the problem with the Evergrande situation, when that leverage works against you. And it is, then markets always come down, down faster than they go up,” Morgan said.
Real estate developer Evergrande to restructure debt
Meanwhile, analysts said Evergrande is set to build a debt restructuring that includes all of its offshore public bonds and private debt.
The real estate developer, which has $300 billion worth in liabilities, said last Dec. 7 that it has created a risk management committee to mitigate and eliminate future risks for the company that has struggled to raise funds to pay suppliers and investors.
The said developments have lifted its shares from a record low as it managed to bounce back before losing steam afterward.
Morgan has also gathered information about cryptocurrencies on his website and blog aside from his 10-part series called The Crypto Conspiracy. He believes that the whole system is going to be changed.
“I don’t even say for the better, I just think it’s going to be changed dramatically over the next three, three months, six at the most. So I think all markets stocks, bonds, cryptos, precious metals, real estate, are going to have a resettlement,” Morgan stressed. “In other words, the market prices of all these things are going to be adjusted over the next three to six months. And they’ll be specifics.”
Morgan added that it would be smart to buy real estate now but for his part, he would wait.
Regarding cryptos, the author and blogger said that he would lighten up. He noted that when in doubt it’s better to sell half to half the profits now and wait it out.
On stocks, Morgan said that he only looks at resource companies and just probably waits for temporarily precious metals like silver or gold, which can be your main investment.
Follow MarketCrash.news for more news related to the impending U.S. market crash.
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Will America-First News Outlets Make it to 2023?
Things are looking grim for conservative and populist news sites.
There’s something happening behind the scenes at several popular conservative news outlets. 2021 was bad, but 2022 is proving to be disastrous for news sites that aren’t “playing ball” with the corporate media narrative. It’s being said that advertisers are cracking down, forcing some of the biggest ad networks like Google and Yahoo to pull their inventory from conservative outlets. This has had two major effects. First, it has cooled most conservative outlets from discussing “taboo” topics like Pandemic Panic Theater, voter fraud, or The Great Reset. Second, it has isolated those ad networks that aren’t playing ball.
Certain topics are anathema for most ad networks. Speaking out against vaccines or vaccine mandates is a certain path to being demonetized. Highlighting voter fraud in the 2020 and future elections is another instant advertising death penalty. Throw in truthful stories about climate change hysteria, Critical Race Theory, and the border crisis and it’s easy to understand how difficult it is for America-First news outlets to spread the facts, share conservative opinions, and still pay the bills.
Without naming names, I have been told of several news outlets who have been forced to either consolidate with larger organizations or who have backed down on covering certain topics out of fear of being “canceled” by the ad networks. I get it. This is a business for many of us and it’s not very profitable. Those of us who do this for a living are often barely squeaking by, so loss of additional revenue can often mean being forced to make cuts. That means not being able to cover the topics properly. Its a Catch-22: Tell the truth and lose the money necessary to keep telling the truth, or avoid the truth and make enough money to survive. Those who have chosen survival simply aren’t able to spread the truth properly.
We will never avoid the truth. The Lord will provide if it is His will. Our job is simply to share the facts, spread the Gospel, and educate as many Americans as possible while exposing the forces of evil.
To those who have the means, we ask that you please donate. We have options available now, but there is no telling when those options will cancel us. We just launched a new GiveSendGo page. We also have our GivingFuel page. There have been many who have been canceled by PayPal, but for now it’s still an option. Your generosity is what keeps these sites running and allows us to get the truth to the masses. We’ve had great success in growing but we know we can do more with your assistance.
Thank you, and God Bless!
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JD Rucker – EIC