Real estate investor Grant Cardone has issued a stark warning that the stock market is on the brink of a significant downturn, predicting a 50 percent plunge that could devastate Americans’ retirement funds and savings. This alarming forecast is based on the inversion of the yield curve, which has historically been a precursor to major market downturns.
?WARNING: Stock Market is due for 50% correction taking S&P below 2674.
Tens of millions of households will have their retirement & savings destroyed by being invested in stock market at these levels?
The yield curve has been inverted for +500 days. This has only happened 3… pic.twitter.com/VrIFQW4YwS
— Grant Cardone (@GrantCardone) May 5, 2024
Cardone’s prediction is rooted in the observation that the yield curve has been inverted for over 500 days since July 2022, a phenomenon that has only occurred three times in the past century – in 1929, 1974, and 2009. Each of these instances was followed by a market fall of more than 50 percent. He also pointed out that the S&P 500, a key indicator of the market’s health, fell almost 30 percent in early 2020 but fully recovered within six months.
However, the reliability of the yield curve as a predictor of recession has been questioned by some experts, who argue that it may no longer be as effective a signal as it once was. Despite this, Cardone remains adamant that the current inversion is a clear warning of an impending crisis. He emphasizes that if his prediction comes to pass, it could result in a 75 percent loss for many Americans, factoring in the impact of inflation on the purchasing power of their savings.
Cardone’s warning has sparked a debate, with some commentators on X (formerly Twitter) suggesting that his call to move retirement savings away from established funds and into real estate might be self-serving. However, Cardone has also previously predicted a significant correction in the real estate market, suggesting that this could present an opportunity for individual and family buyers.
Jonathan Rose, CEO of Genesis Gold Group, added to Cardone’s theory with a reminder about more than economic indicators. Geopolitical events combined with the coming presidential election have prompted a company record in the number of inquiries they’re receiving about Genesis Gold IRAs.
“They say Grant’s recommendations are self-serving and they’ll say the same about mine,” Rose said. “The difference is that while I agree that the stock market may be extremely volatile in the near future, physical precious metals are far easier to liquidate than real estate. Moreover, gold and silver are showing signs of long-term strength while real estate may be in a bubble.”
The Federal Reserve’s recent interest rate hikes have contributed to a slowdown in the housing market, with Cardone urging the Fed to “get out of the way” to allow the market to stabilize. He argues that lower interest rates would encourage more mortgage applications and stimulate the housing market.
In light of these predictions, Cardone advises retirees to consider transitioning their investments from stock market-reliant 401(k)s to real assets that generate monthly cash flow, such as property. He claims to have helped many people do this without incurring penalties, and suggests that this approach can provide a more secure income during retirement. Meanwhile, Rose prefers moving retirement accounts like IRAs and 401 (k)s into physical precious metals that enjoy the same types of tax protections.
Reach out to Grant Cardone on his website or request a free, definitive gold guide from Genesis Gold Group.
Source: DailyMail
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
