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hello guys welcome back to christian finance for your daily financial content and today we're going to be covering the one and only michael bury and his latest predictions on what's going to happen in the near future now for those of you that don't know who he is he actually was the main character of big short predicting the housing market crisis in 2008 shorting everything back then making his investors and himself a lot of money now currently he's predicting something very similar it's gonna happen and in a big way it's already happening right markets are crashing bitcoin went from 69 000 in november to now literally being worth 19 700 as of this moment and the dow jones also going down from about that 36 500 to now 30 893 which is pretty crazy but as we'll find out in a little bit he really does think this is just the beginning or more so at least the midpoint of what's gonna come but he does say here as we can see the high inflation will last for years i'm at global turmoil and his prediction is that we'll be at that high inflation point for a while but how that's going to come with the feds and the interest rates and the hikes really have to wait and see obviously the cpi data today came at 9.1 percent which is pretty crazy and then this right here is one of his very famous tweets which he said about a month ago and it says as i said about 2008 it is like watching a plane crash it hurts it is not fun and i'm not smiling really uh scary words to come from someone that has already predicted past massive crash and now is saying that the plane is actually crashing and as if you guys don't know this is exactly what he said but oftentimes he deletes his twitter he deletes his tweets simply because when he says something a lot of people do freak out and he does want to mitigate it and that is why his tweets are only there for a little bit of time and that's why we're seeing this tweet on a repost account but i would say it's probably the scariest tweet he actually put out which was july 1st and he literally said minus 50 to go he actually deleted this five minutes after he posted it but he thinks right now the way we've crashed it's about halfway to how low we're actually gonna go so if that's true then that means bitcoin should be bombing out around six thousand dollars which is crazy i don't think that's gonna happen that's too low another 20 down on the dow jones would be around that 25 000 which again i think it's too low however i do think that we will get lower and again this isn't financial advice go do your own research this is just based on mine and sort of following what michael berry is saying but just before we continue on i would like to take a moment and ask you guys to please like the video and subscribe to the channel it massively would help me out i do these content videos for you guys daily and the subscription for you guys would really mean a lot okay now personally obviously as we all know michael boris prediction you know we're already in a recession we're gonna go lower that is great but i do think there were some telling signs that hey we were going to go lower and this was sort of the beginning of the end which was back in 2021 and for me up telling sign was when we saw jeff bezos and elo musk selling a lot of their shares from their perspective tesla and amazon right they were selling quite heavily nearly in the beginning of 2022 and then we even had mark zuckerberg selling pretty heavily off of meta as well so when you have all these ceos of some of the biggest companies in the world selling that should be a telling sign that there's a likelihood of trouble coming up and obviously that is what's happening right now now just before we ended off i do want to leave you guys on some positive note and that is the bullwhip tweet that michael actually put out now for those of you unaware of what the boyp effect is and what he's talking about it is a deflationary effects of retailers holding too much inventory the the theory is that they will eventually have to drop their prices to relieve themselves of the goods they have stockpiled so he's saying essentially there's gonna be no longer supply charges but instead the retailers will actually have a surplus of supply which right now i don't see happening but if this theory was to play out the retailers have too much inventory so they'll therefore they'll have to decrease the price to be able to sell everything right which would be amazing and i really do hope that that does happen but right now where i live there's a huge supply shortage right even something as basic as meat we're supposed to be having a shortage on in the next couple of weeks to a month right this is the prediction in the place that i left personally right now so as much as i would like for this to come true i just don't see it happening personally and with that guys the video is over let me know what you guys think about michael berry's predictions do you think that inflation will keep rising and we're going to be in the world of trouble where we're only 50 down of the total bottom or do you think the bullwhip effect theory is going to come true and the supply will actually go up no longer have a supply shortage but potentially we're going to have a supply surplus which i don't see happening but let me know what you guys think down below also please like the video subscribe to the channel it really does help me out and as always guys stay diversified
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