WEST PALM BEACH, Fla. - Oct. 1, 2018 - PRLog -- On a recent episode of the Wealth Transfer show, Mr. Sacka opened with the Federal Reserve Economic Data (FRED) chart detailing debt from all sectors: securities, loans, and liabilities which has recently exceeded 100 trillion.
He made the statement, "We have debt at such extraordinary levels over the last two or three years, the economy has probably already started correcting toward a recession in 2015. So we're on borrowed time."
This and more charts can be seen in the video below:
https://www.youtube.com/watch?v=M_5cIpge_Cg
Mr. Sacka has also made the statement, "I believe we are in a cyclical economic recovery very similar to 2008 where we may be secular in a bull market but we will eventually see a cyclical bear. Depending on how the world handles it, there could be a 40% - 50% correction."
About Terry Sacka
Terry Sacka, AAMS is the founder of Cornerstone Asset Metals, a dealer in natural resources (precious metals to be specific), and offers gold, silver and other precious metals backed IRAs, backed by real physical, tangible hard assets, not paper investments. Mr. Sacka has been quoted several times by some of the most respected financial publications, such as Investor's Business Daily, Institutional Investor and the Wikipedia page "Silver as an Investment".
Through Cornerstone Mint, Cornerstone Asset Metals sells Cornerstone Crowns, the only Hallmarked .9999 LBMA/COMEX/Shanghai Certified Judeo-Christian Fine Silver Coins available. Precious metals are a hedge against a declining stock market and U.S. Dollar falling in value.
Website:
http://www.cornerstonecrowns.com
Social Media:
https://www.instagram.com/cornerstonemint/
https://www.facebook.com/pg/CornerstoneAssetMetals/
Media Contact
Terry Sacka AAMS,
clientsupport@cornerstoneassetmetals.com
(888) 747-3309
Photos: (Click photo to enlarge)
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