Charles Nenner Warns "The Whole Thing Will Come Tumbling Down"

  • Written by Zero Hedge
  • Published in Economics

Via Greg Hunter's USA Watchdog blog,

Renowned geopolitical and financial cycle expert Charles Nenner says, “The mainstream media talking heads are telling you to buy, but never tell you to sell.” Nenner says the time to sell stocks is getting close and explains,

“It’s just a hopeless situation. I feel sorry for people who invest their money. We have had a nice ride, but soon the whole thing will come tumbling down.

They listen to all these things and have no clue on how to invest... I think soon... this will become the longest expansion in financial history...

So, this could be the longest expansion ever, what are you playing with? You are gambling with nonsense. So, it’s over."

Nenner goes on to say, “Then, you have the inflation story. The inflation story is brought about by people who don’t do their historical homework. "

"They remember for the last 30 years, there was always inflation. So, they continue to talk about inflation. I proved that in most of the financial history that deflation is the norm...

They have talked about inflation for two years, and there is still no inflation. . . . Copper is going down. Crude is going down, and we have a deflation problem, not an inflation problem.”

Nenner is predicting interest rates “are going down” and not up in the foreseeable future.

Nenner is also calling for the stock market to go on a “downward slide through the year 2020.” Nenner says, “I can’t explain it, but the cycle topped, and the cycle is down until 2021.”

How bad will it be? Nenner says, “Very bad."

"I called for Dow Jones 5,000, and I still call for Dow Jones 5,000...

It’s going to be a blood bath, but as I said the last time, in the 1990’s when the Dow was 5,000, the world still looked okay.”

Is there a big debt reset coming? Nenner says,

“The last time we were in this situation was when Roosevelt was President. It was very interesting because they paid off only 25% on the dollar because the inflation that came.

Now, the problem is if you don’t have inflation, you still owe the whole amount of money. This is why they urgently need this inflation. So, the value of the money goes down, and you have to pay off less. There is no inflation. So, it is a big problem, but they can keep this going forever. I don’t think it’s a problem because countries can keep printing money as long as they want.”

The other big cycle Nenner has been seeing is the so-called “war cycle.” Nenner says,

...

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