Welcome back to the channel everyone today, michael brewery has been talking about the coming market crash and also hinting at us to buy even more amc, so stay tuned and let's make some money. But before i dive into the video, i just want to give a massive shout out to the 5 000 of you that have currently ding that notification bell, because you guys are always the first to watch a new video as soon as it's released. So guys be sure to drop a like down below subscribe to the channel and ding that notification bell, if you haven't already so that you don't miss another video. Just like this one, and just a quick one before i dive in with the key information, be sure to join the rest of the team on the private discord linked in the description below it's a place for like-minded apes to discuss amc news and due diligence before I even make a video i'm also going to be using it even more than i currently am in the future after the amc squeeze to talk about what cryptocurrency and stocks that i'm currently invested in and now i want to dive straight in with the key information.

So for those of you who, like charts, here's two for you, michael brewer, tweeted, a photo of two charts: one is the nasdaq for the period between 1985 to 1999 and obviously showing the run-up during the dot-com explosion just before the dot-com crash and the second photo. Interestingly looks very very similar, but it's actually the same nasdaq chart, but this time for the period between 2006 and 2021 - and he says, there's a 94 correlation between the nasdaq 100 in the 15 years to today and the 15 years to 2000.. The s p 500 shows a similar 95 correlation. This is just another reason as to why the supposed pandemic recovery isn't really a recovery at all and it's an artificial propping up an explosion of the stock market.

That's just ready to come crashing back down. Michael bury also tweeted reposting a message from 1929. It has been evident for the last six months that this country has been in an orgy of margin, speculation. It was indulged in by all elevator boys, typewriter, girls, taxi drivers and even school children, and that was a quote from november 10th.

1929.. Now you might not know what that refers to, but it refers to the great depression which varied across the world, but in most countries started in 1929 and lasted until the late 1930s. Therefore, michael brewery is relating the current market to the market just before the great depression and also to the market just before the dot-com crash. But, interestingly, he also linked an article here with amc as the main photo and yet the article doesn't mention anything even in relation to amc.

Now i don't have access to the wall street journal and therefore can't read the article, but it's mostly talking about the rise of robin hood and weeble and commission free trading. Obviously, as a result of pandemic, many people were out of work and this brought them to trading and investing in stocks through platforms like robin hood and actually, if you, google, that same article headline, you get a number of different results here, and only one has that Amc photo on it, so i wonder why mike bury chose that article to tweet about now something very interesting and correlating that i did notice is that all of the fud articles about amc seem to have disappeared over the last few days, mostly just over the weekend. We're now getting article titles like why amc, entertainment stock could go bananas or how pandemic cases are declining and why that's good news for amc stock and that's even from the motley fool, we're also getting the street chipping in as well saying amg stock bullish case in The face of market jitters and you've also got the motley fool, telling you to buy amt stock on a dip and also telling you that amc is perfectly safe. What an interesting change in thought process from the last few months, and i also wanted to talk about the looming debt ceiling and how a short-term extension has just been approved.

The deadline in the debt ceiling showdown in washington approaches with the government shutdown possible on friday october. 1St democrats in the house have passed a bill that would avert a shutdown and suspend the debt ceiling temporarily until december, but that will go nowhere in the senate without support from some republicans. Democrats have disagreements within their party as well over a 1.2 trillion dollar infrastructure bill and a 3.5 trillion dollar reconciliation bill. A temporary spending bill will need to pass thursday night congress has raised the debt ceiling more than a dozen times in the last 20 years, with the last major face-off coming in 2011 between the gop and the obama administration.

Today's macro environment is very different from previous debt ceiling episodes. Over the past decade, blackrock wrote, an economic restart is underway in the u.s, and inflation pressure has increased amid pandemic-related supply disruptions. This is in contrast with a debt ceiling showdown in 2011 that triggered a downgrade in the united states's aaa sovereign credit rating by s p, just as the euro area, debt crisis and worries about slower growth kept investors on their toes. It also differs from 2018 when worries about u.s, china, trade tensions and their impact on the economy were flaring up.

The deadline for the us government defaulting on its obligations is further down the line, but not that far off and without a suspension or raising of the ceiling, there will be a risk of default between october 15th and november 4th according to the bipartisan policy center. Although, as we know from the current us treasury balance, that deadline could actually approach much faster in as little as nine days as a treasury typically spends around 20 billion dollars each and every day and only has cash reserves of 173 billion. However, due to the unpredictability of cash flows and thus all debt limit projections, policymakers need to act in the coming weeks if they intend to ensure that all obligations in the us government are paid in full and on time. That's something the two parties have never let happen, and it's unclear what the impact would be on the full faith and credit of the united states and the economy.

In a worst-case scenario, moody's analytics says a prolonged standoff would cause another recession. This one akin to the financial crisis, with 15 trillion in household wealth lost and 6 million jobs lost as well. Blackrock have said that they believe congress will ultimately reach an agreement to raise or extend the debt limit, but likely not until right before the treasury exhausts its borrowing capacity, but blackrock do say that there is a risk. The timeline to resolve the debt ceiling is tight.

He says political brinkmanship appears likely and any miscalculation could lead to a short-lived government shutdown that triggers market volatility. Now that could take the form of a short-term crash, but could also snowball into a much longer market-wide crash, but he also says so far. The debt ceiling debate has taken a back seat on wall street to issues like the fed, rising commodity prices, supply chain issues and china's evergrande crisis. Now right now in the world, there are so many catalysts that could lead to an eventual market crash.

It might not necessarily be the debt ceiling, but, as you can see just from this little list, there's so many things going on at the moment, and this paragraph made me laugh a little risk assets could suffer temporary pullbacks after an extended run higher, but we favor Looking through any volatility and staying pro risk over the next six to 12 months, although blackrock did recently moved to neutral in u.s equities and therefore believes that equities will not continue outperforming. But yet they're still pro risk and also don't think, there's going to be any volatility but they're, not pro stocks. At the moment. We also have some good news about those internal discussions at robin hood and how they've now leaked onto our cryptocurrency and a lot of mainstream media, and therefore, word is now getting out about citadel who lied under oath.

Obviously, the more media attention we can bring to both citadel and robin hood lying under oath, the better, as this is now hitting mainstream media and very large boards, like our cryptocurrency. It's getting to the point where it's going to be two public and too mainstream and therefore examples will have to be set, and we also have a tweet from joshua saying anyone seeing the layman brothers stock. It's up 200 zombie stock. Much - and this is a screenshot showing the layman brothers, which does still trade on the otc markets and is a zombie stock.

Like i covered in my video a few weeks ago, the layman brothers stock is also currently sat 4 cents up 223. In the last few days, guys be sure to, let me know down in the comments below what you think about michael brewery, tweeting about the current market crash and potentially hinting at us to buy more amc and also, while you're down there be sure to check out The link to the private discord and become part of the team, and, as always guys if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe to channel and ding that notification bell, because that way, you'll be alerted. When i upload a new video cheers,.

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