A Depression Is Coming | Philip Kennedy

Friday, October 12, 2018
By Paul Martin

October 11, 2018

The Dow fell more than 800 points yesterday. Philip Kennedy from Kennedy Financial warns us another crisis is around the corner…

Philip Kennedy of Kennedy Financial interviewed by Elijah Johnson of Silver Doctors

The mainstream is warning of a recession coming soon. Bloomberg reports two-thirds of US business economists see a recession coming by the end of 2020. Here, Kennedy warns a depression is ahead.

Kennedy also discusses saving and budgeting as a preparation for the coming crisis. Preparing sooner may be better than later. You can only prepare in good times, he says.

He also tells us about cryptocurrencies as an alternative asset, however risky, and he gets into some specific cryptos emerging such as Eos.

2 Responses to “A Depression Is Coming | Philip Kennedy”

  1. Robert Edward Lee

    Yes yes … you’ve been saying that for how long now ? It’ll happen 1 or 2 years after Trump leaves office. Until then ‘get a job.’

  2. laura ann

    Those close to retirement need to do a “stop loss” on stocks/mutual funds and shift 401k into gov. bonds now. We did when 9/11 twin towers fell (same day), got online and moved everything into bonds out of S&P index. This is why we could take an early retirement @ 62. Another smart thing we did was leave the gulf coast and moved 90 mi inland in 1982. Move inland if you are on the gulf coast asap, even in Texas, weather changes w/more intense storms will happen. Hurricane insurance is too costly for most. Stupid people near the gulf neglect to cut lg trees near houses when everyone knows they can kill. Even inland it’s wise to do so. Critical thinking is missing in the masses.


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