Stock market news -S&P 500 crash discussed - why did it happen

Occasionally in life we are confronted with complex quandaries, one of the ways I find objective resolution is to simplify the conundrum. What do we know for sure??, we know that it's primarily political incompetence and corruption that has taken us where we are today with global debt at a record high of $217 Trillion or 327% of global GDP. We also know that governments will never resolve the situation because they are the instigators of the problems introducing higher taxes to finance ever increasing government expansions which in turn poses headwinds for the private sector and impedes its growth. We also know that each preceding US president doubles down on all previous presidents combined debts and Trump is well out of the starting blocks with all the well publicized projects. In knowledge of all of this what makes anyone believe that the central banks will ever manage the forthcoming day of reckoning, So my message is we are fast approaching the day that your 401k may be the least of your worries. YouTube Video

The Manager, Fidelibus Lucrum, Pooled Investment Club.