Michael Snyder: Markets Will Lose 40% To 50% On No China Trade Deal

The system is failing, and the people that have faith in Wall Street, Washington, the Fed or the system are going to be extremely disappointed…

by Greg Hunter via USAWatchdog.com

Journalist and book author Michael Snyder says says no China trade deal will cause the stock market to “lose hope for the future.” Snyder predicts stocks will “fall at least back to its long term averages, which is 40% to 50% lower than stocks are today.”

Snyder also says, “The system is failing. People that have faith in Wall Street, people that have faith in Washington, people that have faith in the Federal Reserve and in the system, ultimately, they are going to be extremely, extremely disappointed. Most Americans are going to be blindsided by this, and most people have no idea what’s coming, absolutely no idea. We’re not just talking about Mad Max. We’re not just talking about Armageddon. We’re talking about the end of America. In the long term, if you want to prepare, you need to prepare for the end of our country.”

Join Greg Hunter as he goes One-on-One with Michael Snyder, creator of TheEconomicCollapseblog.com.