Alex Anderson's video: 7 REASONS WHY THE NEXT FINANCIAL CRISIS WILL BE WORSE THAN THE LAST

https://joyfulinvestor.com/get/ - invest in gold, protect your wealth! Today I want to share with you 7 reasons why the next financial crisis might be worse than the last. And these reasons are: And the first reason is, of course, the US national debt. Twenty trillion dollars. Twenty trillion dollars, ladies and gentleman, it’s not a joke. Is there a way to avoid paying your credit card debt? Is there any way to avoid paying your mortgage? Not today, not tomorrow, not this week. But you are in debt – you have to pay. This is how it works – this vicious materialistic world. And now the mic is yours, post a comment below this video and let me know how you would pay the national debt, if you were a President, how you would deal with it? Reason number two: The US Government has its eye on retirement accounts. If you think, it's a joke, just look what's happening in other countries. Over the previous years, Portugal, Ireland France, Poland and some other European countries seized retirement account assets to help plug holes with government deficits. Even though I am an optimistic person, I tend to listen to people who are smarter than me, wealthier than me, better educated than me, and who predicted the market so many times that investors, journalists, and general media pay attention when they speak. Jim Rogers, a famous American investor, businessman believes that private accounts might be the next ones the government raids. What is a private account? Maybe, 401k, maybe, Roth IRA, maybe, Traditional IRA. Won’t it cause some sort of financial shake-up? …. I have a question. What do you think is the safest global bank in the world? The Bank of America, JP Morgan? Global Finance magazine puts out a yearly list of the top 50 safest global banks. On your screen you can see this list, and believe me, it's extremely difficult to find an American bank here. Only three American banks have been included in this list in 2017. Back in 2015, there were 5 American banks in this list. Therefore, and this is reason number 3, the American banks are not the safest place for your money. The top five American banks are now larger than before the crisis. While this may seem like something good and non-threatening, we remember that the collapse of Lehman Brothers in September 2008 almost brought down the world's financial system. Any of these banks failing now would be catastrophic because the five biggest American banks are even bigger and more critical to the system today than before the crisis began. So the reason number four is… the American banks are large, but not that safe. Reason number five. The FDIC (the Federal Deposit Insurance Corporation) admits it lacks reserves to cover another banking crisis. Do you understand what it means? Do you even understand what it means? The FDIC can only cover 1% of bank deposits or only $1 out of every one hundred dollars. Reason number six is a nice reason to talk about. The SNP 500 Index is growing like crazy. And that is good. That is really good. Because economic growth means an increase in real GDP, which in turn means that there is an increase in the value of national output. And it's always a great pleasure to grow your investment portfolio in an easy and effortless way, isn’t it? But this cannot go on forever. And... the higher you climb… the harder you fall. Reason number seven. Uncertainty. Volatility is good for the stock market. Low volatility. And in 2017 the stock market is so low. It seems to be napping. But what's happening today in the world? Britain has left the European Union. Sweden is ready to follow their example and quit the EU by the end of this decade. Brexit, Swexit, what's next? No one can predict how the next years will go. Wars, hurricane... uncertainty is still in the air. These are the seven reasons I wanted to share with you in this episode. Add to this the derivative bubble of hundreds of trillion dollars, unemployment, joblessness, and you will probably agree that the next financial crisis might be worse than the last. A lot of people say that it will be worse, but I as an optimistic person hope it might and won’t be worse. Anyway, we must be ready? So, what should we do? Diversification! Diversification – this is the key to successful investing. Mutual funds, stock, bonds. Basically speaking we do not diversify. Because this is what we were told to do. This is what we were taught. But diversification is not only about investing in Stock A, stock B and Stock C, buying bond D and bond E. Smart investors are adding a wild variety of assets to their investment and retirement accounts.