The Next Financial Crisis Is Going to Be Worse Than the Last One | Michael Burry

So you want to find out more about Michael Burry, I did too and here is the result.
Michael Burry intrigued me so I did some research and published this to YouTube.

00:00:00 In this video
00:00:22 Who is Michael Burry?
00:00:44 What is he predicting?
00:01:06 Burry predicts calamities, and disaste
00:02:16 What caused the last economic crisis?
00:05:32 What can we do to prepare for the next one?

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There is no question that a current economic crisis is looming. The unemployment rate is currently above 4 %. The stock market is on the brink of a major crash. Banking systems are in a state of serious trouble. This crisis is only getting worse.
What is causing this economic crisis?
There are a number of factors that are contributing to the current economic crisis. One of the most significant reasons is the excessive spending by businesses and individuals. This spending has caused the economy to heat up, and it is not stopping anytime soon.
Another factor is the high level of debt. This level of debt has caused businesses and individuals to spend more money that they can afford, which has led to a huge increase in the level of debt. This increase in the level of debt has made it difficult for businesses and individuals to borrow money, which has caused the economy to cool down.
And finally, there is the issue of the debt ceiling. The debt ceiling is a set of rules that are in place in the United States Congress that set the limit on how much money the government can borrow. This limit has caused a lot of trouble for the United States economy, as it has made it difficult for businesses and individuals to borrow.

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⚠️ DISCLAIMER:
Everyone learns at their own pace, nothing in forex is guaranteed and past profits do not guarantee future profits. I am in no way giving you financial advice and any money you lose is 100% at your own power. Enjoy the eduction!!

About the Author: Kenneth Jones

31 yr old Forex, Stock, Crypto trader hailing from Erin enjoys watching movies like Americano and Reading. Took a trip to Carioca Landscapes between the Mountain and the Sea and drives a Ferrari Dino 206SP.

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