Monday, July 31, 2017 by Martin Mavis
The Health Ranger urges listeners to be prepared for the “global de-leveraging” that’s about to unfold. Trillions of dollars in assets and debt will VANISH as the global debt leverage unwinds, obliterating “assets” that people think are reliable.
Podcast Transcript: “I’m recording this on July 7th, 2017. This is Mike Adams here, with one more urgent plee to de-leverage your risk. I can’t even emphasize enough what’s probably coming in terms of the unraveling of a lot of debt, a lot of destruction of capitol, a lot of falling prices in areas that are bubbles, like real estate, bonds, stock market and so on – even bitcoin. I’ve got a similar warning about cryptocurrency. The nature of the warning is to be very cautious. Do not leverage yourself right now. This is a time in my view to de-leverage. I was driving down the road the other day, I turned on the radio and heard some guy – some real estate investment guru guy – who was encouraging people to just ‘keep leveraging, keep leveraging. As soon as you can cover the down payment on another house …” Listen to the full podcast below: