In this podcast episode, Daniela Cambone interviews Chris Vermeulen, founder of Technical Traders, about his stark warning regarding the global financial system and an impending market downturn. Vermeulen believes the economy is heading towards a significant financial reset, similar to the tech bubble or the 2008 crisis, potentially wiping out a substantial portion of retirees' savings. He uses technical analysis, particularly focusing on gold as a key global barometer, to support his outlook. Vermeulen advises listeners to consider moving their assets into safer havens like cash and physical gold, anticipating a stock market correction and a potential housing market collapse. He draws parallels between the current market conditions and those preceding the 2008 financial crisis, emphasizing the importance of protecting capital and being prepared for a significant downturn before a new bull market emerges.
