Philip Kennedy: Massive Stock Decline Ahead

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Following the worst year for stocks in a decade, Philip Kennedy sees a massive stock market decline in the next 18 months.

Kennedy thinks the stock market has hit a high and it’s down from here. When the crash occurs, he sees the Dow/gold ratio falling significantly. It’s about 20/1 right now. He says it could fall as low as 0.5/1.

See also  Hedge Fund Manager: 'The US stock market is the most overvalued to fundamentals in its history. It's poised to melt down quickly on the catalyst of China's Ponzi credit implosion.'

While Bitcoin did not do well in 2018, it is still up 400% in the last two years. Kennedy sees Bitcoin rising in 2019. He explains why Bitcoin is the “hardest” money ever created, even harder than gold. He also discusses his views on other crypto-currencies.

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