Greg Hunter, Charles Nenner and SRU Wednesday AM 9-30-2020

Stock Market Not Going to End Very Well – Charles Nenner

Greg Hunter:  Sep 29, 2020

Renowned geopolitical and financial cycle expert Charles Nenner called this market just 2% from the top in January. What does he think now? He likes gold and says he “made more money in gold than in stocks” in the past few months.

Nenner says, “We are playing the long term gold market. We went out at $2,100 (per ounce), and the price target was $1,850 (on the downside). We hit $1,850 a couple of days ago, so we bought back in. We get in and out for a couple of hundred points, and it’s worthwhile.

So, the gold cycle is up for much longer. $2,500 is the first target, and it could be we get higher targets. I do not believe in the stock market, most of the markets we do nicely in are the gold market, silver market, crude oil market, bond market and the dollar.

It’s all very simple and normal, and the stock market is not going to end very well.”

Nenner is long the stock market now until close to the end of November. Nenner says the rising market may be signaling a coming Trump win in November. Nenner is not sure, but what he is very sure about is the stock market is way overvalued just like it was earlier this year.

Nenner explains, “As you know, the stock market is still very much overvalued. One of the reasons is the ‘Buffett Indicator,’ and that is the value of the stock market compared to the value of the entire GDP, and it’s extreme.

 I think it’s more extreme than the 2000 bubble. If you want to buy low and sell high, you have to have indicators of what is low and what is high, and, for me, this is high. This is based on the fundamentals, but on the cycles, we can try to test the highs one more time.

This is not going to end well because everybody will try to get into the market, and then the whole thing is over.” Join Greg Hunter of USAWatchdog.com as he goes One-on-One with renowned cycle analyst and financial expert Charles Nenner.

https://youtu.be/4UOl9Ow-sjI?t=4

City Employees Drain The Purse As City Leaders Beg For A Bailout, How Much Are City Employees Making

Silver Report Uncut:  Sep 29, 2020

You don't have to look too far to find out why the budget deficit is so massive It's the insatiable people running city governments draining the resources and running them into the dirt.

It's no surprise many cities and states are on the verge of bankruptcy and early in this recession, many states were seeking to amend laws to allow for state bankruptcies.

The reason the budget is broken in a matter on months isn't because of any ailment it is the people in charge cutting themselves a bigger and bigger piece of the pie until there isn't enough left to pay the bills.

We look in-depth at the report from http://openthebooks.com which shows some of the excess and waste among the city's massive payrolls.

 NYC also spends almost double the national average on its extensive education system which is the largest in the nation by far yet the 4th and 8th-grade testing scores where below not just the state average but also the national average.

 Looking into these numbers we might have found the real reason that NYC needs a bailout and what we found is it might do better to clean shop to save more than they are missing from the budget.

https://youtu.be/csd_zZf5aBM?t=6