The current stock market volatility can be attributed to many factors.

Aggressive trade policies, strategic shifts by institutional investors, inflationary pressures, recession fears, and fluctuating investor sentiment all play a role.

These elements are intertwined, creating a complex and unpredictable market environment.

As an investor, this type of market is the hardest to invest in with confidence and a profitable strategy.

But what we are seeing now in the markets is just the tip of the iceberg.

We are coming to the end of an era: the era of asset price inflation and bubbles driven by a huge explosion in debt that has continually picked up steam and accelerated since the 2008 financial crisis.

This debt explosion started all the way back in 1971 when the United States got off the gold standard.

 

There has been an explosion of debt at all levels.

• Government Debt
• Consumer Debt
• Investment Corporate Debt
• Junk Corporate Debt
• Student Debt
• Emerging Market Debt
• And the list goes on . . .

 

Coming off the gold standard allowed the government to print money, and they have been printing it ever since.

If the economy needed a bailout — simple, print more money.

The big problem is this printing of money creates asset bubbles.

Global Stock Market Expansion

For the last 15 years, the explosion of debt and ease of money printing has allowed for global stock market and property market expansion.

But at what cost?

This forever printing of money has left governments worldwide extremely vulnerable to large economic downturns.

The result of these bailouts is grim; the impending downturn will inevitably bankrupt affluent Western nations and send shockwaves through second-tier economies.

I firmly believe we are nearing the end of the Debt Super Cycle.

During the worst periods of the 2008 financial crisis, governments saw an explosion in deficit spending to keep economies afloat.

History repeated itself during the 2020-2021 COVID-19 period with another huge surge in debt to bail out the economy.

The United States is not the only country with mounting debt and a climbing debt-to-GDP ratio.

Here are a few examples:

The numbers are even worse when you look at private debt to GDP.

Canada is currently running at a whopping 170% with Australia being a close second at 150%.

The offshoot bubbles, such property bubbles in Australia and Canada and corporate debt bubbles in the United States, are all based on low interest rates.

And that is why I am sounding the alarm on the Debt Super Cycle. ending!

When the money is no longer cheap, the debt-driven portions of the economy are in big trouble.

We have watched corporations triple their debt holdings over the last 20 years, rising from $3 trillion to $12 trillion.

That is nearly 40% of GDP.

An important note is that much of this corporate debt was also incurred by funding stock buybacks and keeping the stock market bubble afloat.

With the cost to borrow money no longer cheap — twice to three times as high in most cases — the tension on the bubble is getting tighter and tighter.

The biggest issue with all these staggering numbers is very simple.

The room for growth is limited.

No longer can you borrow “cheap” money at a low rate to keep the debt bubble intact.

Failure to balance budgets and pay back debts during economic upturns has led to the explosion of debt for many large corporations and governments alike.

Nowhere is this more important than in the United States.

Nearly 10 years into an economic expansion, yet our national debt is higher than ever.

The failure to properly mange deficits in times of economic prosperity leaves us in a position of needing to raise our deficit in order to bail out our economy.

There Is a Limit

The danger with holding a massive amount of debt is there is no cushion.

Without the ability for debt to accrue in the future, the government will not be able to stimulate or absorb a downturn following another market crash.

The government bailed out the financial sector the last two financial recessions, but who will bail out the government?

My primary concern is with the impending scenario where superpowers such as China and the United States need to be bailed out.

With President Donald Trump taking office and Republicans being back in the majority, many think a boom is coming.

The problem is the scenario Trump was left with.

You can’t just make the results from years of frivolous spending and horrible economic policy disappear overnight.

The first couple months of Trump’s presidency has shown a strong commitment toward an America first global trading policy and the elimination of wasteful government spending.

Both of these are a move in the right direction; however, the impact may not be what you think.

We are already beginning to see the pushback from other countries with reactive tariffs against the United States, resulting in a falling market based on much uncertainty.

The bottom line is that we don’t know how these new tariffs will shake out.

What market sectors are going to be affected the most, and how long will it take to see those results?

On the side of government spending, we have Elon Musk and the Department of Government Efficiency moving very quickly to make large sweeping cuts to government and government spending.

If DOGE can continue as it is, I think that we might have a chance of saving ourselves from a massive debt crisis.

But there will be pain before the gain . . .

Right now the government spends over $7 trillion a year, which is nearly 25% of GDP.

If you were to cut $1 trillion to $2 trillion of that, you would be taking about 3.5% to 7% of spending out of the economy; and while over the long term this would help growth, taking this money out short term would probably cause a recession.

And unfortunately, that is most likely the short-term outcome we are heading to.

Not All Doom and Gloom

Yes, I believe massive government cuts will cause a deep recession and bear market in the short term. BUT in the long run these cuts and shrinking the size of the government could set the stage for a sustainable long-term boom.

While the current state of the global economy is alarming, you must not let the failure of large governments and multinational corporations to properly manage their funds negatively affect your investment decisions.

In fact, quite the opposite — with the bursting of the bubble, opportunities for huge profits will arise for the informed investor.

With so many rapidly emerging and changing markets and sectors of the economy, there will be an abundance of opportunities to seize large financial gain in the short term and long term alike.

The perfect storm is on the horizon and those who understand how to play the markets during this time stand to make a fortune, while other investors pull back and wait out the storm.

So how do you find these bargains and then profit from them?

That’s where I come in; let me introduce myself.

My Name Is David Skarica

Sometimes things happen for a reason . . . including the timing of my new book just being released.

In 1996, I began my investing journey at the tender age of 18. To my knowledge, I am the youngest person on record to obtain the Canadian Securities Course (CSC) license to trade securities.

Quickly, I realized that I saw things differently than most.

For example, in 1998, while everyone was raking in profits, I felt that the market had become another epic bubble like the 1920s bubble.

So, at 20 years old I wrote my first book, Stock Market Panic! In my book I recommended gold, which at the time seemed crazy; however, over the decade following my recommendation gold went from $250 an ounce to nearly $1,900 while the S&P 500 lost value.

With the success of my first book, I decided to start a newsletter called Addicted to Profits.

During the first few years of writing Addicted to Profits I made some against-the-grain recommendations that solidified my strategies and made my subscribers a lot of money.

Notably, in 1999 I notified all subscribers that the internet bubble was about to burst and suggested everyone to take profits in all internet positions. The timing was spot on, and I saved my subscribers a ton of money.

It reminded me that it was just as important to save my subscribers from potential losses that I see coming as it was to recommend profitable picks.

That’s why in 2000, I authored an article published in Investor’s Digest of Canada predicting the fall of the Nasdaq by 60% to 90%. Following that prediction, the Nasdaq dropped by 70%, bottoming in October 2002.

By 2003, my Addicted to Profits newsletter portfolio’s performance was so strong and my recommendations were so profitable that Addicted to Profits was ranked fifth out of 300 market newsletters by stockfocus.com.

I also placed second in the 2003 Globe and Mail stock-picking contest after my selection, Eldorado (EGO), gained 95% in 2003. In 2005, The Globe and Mail also featured me in the investment section for my unique approach to the markets.

Why am I telling you this?

Because I want you to have an idea of how it all started for me, and I want you to feel confident in my advice.

Instead of going year by year I am going to jump ahead to how I became part of the Newsmax family.

Many of you may already recognize me because I have been writing for the Financial Intelligence Report for over 15 years.

If you aren’t familiar, the Financial Intelligence Report is Newsmax’s longest-running investment report, and the amount of investment advice we provide each month is priceless.

If I didn’t think we were one of the best investment advisory letters available globally, I wouldn’t have been writing for it every month for the last 15-plus years.

Here is how it all started . . .

In 2008, in respect for Sir John Templeton, I attended a memorial service for the investment and philanthropy pioneer and happened to sit next to Christopher Ruddy, who is the CEO and founder of Newsmax.

This chance encounter led to my second book, The Great Super Cycle. The book was extremely successful, selling north of 40,000 copies, and was even the No. 1 investment book on Amazon for a period.

The book’s success led to me becoming an adviser with Newsmax and the rest is history.

For over 15 years I have been writing with an amazing team putting together one of the longest-running and most successful financial newsletters spanning 20 years.

Every month we help our subscribers navigate each market sector with not just stock recommendations but with expert analysis of companies and trends.

Each subscriber can be confident using our advice when investing to build everlasting wealth no matter what market environment we are navigating together.

Introducing . . .

Our team of editors includes some of the top financial minds in the world.

We have a CFA, a chartered financial analyst, with 34 years of investment management experience . . .

A technical analyst who cofounded one of the first quantitative research firms back in the early 2000s . . .

A senior portfolio manager who spent 25 years at firms such as Wells Fargo, IberiaBank, and the Bank of New York Mellon . . .

A Harvard-trained investment banker at Morgan Stanley . . .

And many more.

Over the last 20 years, we’ve recommended countless double- and triple-digit gains for our readers . . .

I’m talking about folks like Lionel B., who first subscribed in May 2007:

Or Alice K., who’s been reading since March 2010:

And we do it all in plain English. Take it from Gilbert S., who has been with us since January 2009:

This is the type of research you’d normally only get at a premier hedge fund — where you’d have to invest $1 million at least and turn over 20% of your profits every year.

But you don’t have to be a millionaire — or pay us a dime of your profits.

In fact, I want to give you an opportunity to subscribe to the Financial Intelligence Report risk-free today.

Along with all the bonuses included below, you will have everything you need to help build back your 2025 portfolio no matter what the market continues to do this year.

I’m going to send you a FREE copy of my new book published by Newsmax:

Mega Returns: Profit From Maximum Pessimism

Never could I have imagined when I started writing this book that it would be published at the most perfect time for it in history for it.

Everything that I wrote in Mega Returns is a lifeline for investors in our current market and I couldn’t be happier to help.

In late 2024 when I was completing the book everyone was on the Trump train, thinking it would be a new period of prosperity.

However, no matter how glad I was with the outcome, I am more concerned with sentiment and valuations.

One thing I’ve learned in my nearly 30 years in the markets is that whether it be in investing or in politics, don’t believe the most extreme views.

At least on some level, you must be a realist, and the fact of the matter is this bull market is long in the tooth and valuations are extremely stretched in U.S. equity markets.

When market cap to GDP (also known as the Warren Buffett indicator, an indicator of valuing the size of the market compared to the size of the economy) reached 210% in February this year it was the highest level ever.

This means the stock market has never been this expensive compared to the Real Economy.

Don’t be fooled by the Fake Economy . . .

I do a deep dive into my economic outlook and what to expect in the book but here is what I mean Fake Economy.

Many don’t realize that government spending factors into GDP growth.

The more the government spends — the more it helps GDP.

Last year the economy grew at 3%, however the government borrowed over $2 trillion, or nearly 7% of the GDP.

You don’t need an economics degree to realize borrowing 7% to grow at 3% will not work long term.

For example: Before the 2008 financial crisis, debt to GDP in the U.S. was about 60%, it now has doubled to 120%.

The chart below shows the percentage of total assets in equities which has reached a record 29%.

As you can see from this chart, the last two times it got near these levels was 1968 and 2000 which were followed by 14- and 9-year bear markets in equity prices.

That means, if history repeats itself, we are the verge of another long-term bear market.

It is undeniable that the current bubble has been driven by excess loads of debt and cheap money the last few years.

Unfortunately, those two factors are the hardest to reverse quickly.

Simply put, it will take time . . .

I believe there will be a sharp downturn in markets in 2025 and I think the COVID-19 crash of 2020 is a good example of things to come.

Fortunately, this is the type of market I have thrived in since the late 90’s.

By pinpointing stocks that are now cheap and undervalued simply based on the market presents the biggest opportunities for Mega Returns.

Opportunities in Crisis

In Mega Returns: Profit From Maximum Pessimism, I do a deep dive into exactly what I predict the most profitable sectors to be.

To profit now and in the future, especially if the bubble bursts, it is just as important to know what sectors to not be invested in as it is to invest in the correct sectors.

I give an easy-to-understand opportunity analysis in sectors like:

• End of the Debt Super Cycle
• Investment Grade Corp Debt — the Next Big Short
• The Everything Bubble
• Oil and Gas — Easy Profits
• Rare Earth Metals — No One Is Looking At
• Artificial Intelligence — New Tech That Will Change Everything
• And much more . . .

These aren’t the types of opportunities you will find talking heads in the mainstream discussing.

My investment recommendations are often against the grain and present mega opportunities others don’t see.

The art of patience for Mega Returns . . .

Because of the current volatility, I also prepare you for what is down the road.

Many of the investments that I outline for you are not yet at the levels I would like to see before investing aggressively for Mega Returns.

But I feel as an informed investor it is always good to have options on your radar for future profits.

It is like waiting for a sale on a new product. When it first comes out, you put it on your wish list and when you see it on sale, you buy.

In the end you saw a good value, saved money, and bought at a discount.

Now if that product appreciated after you purchased it at a discount, it would be just like what you get from buying a discounted stock.

It is about opening your eyes to new opportunities rather than chasing “hot sectors.”

With so many rapidly emerging and changing markets and sectors of the economy, many opportunities will present themselves for financial gain in the short and long term alike.

The future may look bleak to some, but remember it’s always darkest before the dawn and the best time to buy is at the point of maximum pessimism.

Use my new book and the Financial Intelligence Report to guide you to Mega Returns — you can’t afford not to . . .

Attention: As if this offer isn’t already undervalued, I am just getting started.

Top 6 2025 Special Reports

Each of my special reports typically sell for $99 to current subscribers (a total value of $594) but because I believe it has never been more important to be an informed investor, you can get all six of the freshly updated special reports absolutely FREE with this offer.

1. The Dollar Defense Guide: How to Protect Yourself From Putin’s Revenge and the Rise of the Anti-Dollar

When you combine the near certainty of a recession with Putin’s plot to establish a new Anti-Dollar, you have very little time to prepare before investors start fleeing for the exits.

If the majority of your retirement is in U.S.-based stocks and bonds, or any other dollar-denominated investment, you need to protect yourself right away.

That’s why I want to send you a FREE copy of my newest investment report . . .

2. From Crisis to Prosperity: 5 Must Have Stocks for Explosive Gains

Fact is, whenever there’s a major disruption in global financial markets, smart investors have used these opportunities to multiply their wealth, often many times over.

In this report I explore several stocks, such as in the defense and cybersecurity sectors, which will actually do quite well, as economic, currency, and military conflicts continue to wash over the globe.

3. The Stock Market Blacklist

WARNING: There is a HIGH probability you have many of these stocks in your portfolio today.

This report contains full details of the 10 stocks we expect to fall down the worst.

Having this report will help you avoid these ticking time bombs in your portfolio — and free up your cash for far better investments.

4. The 5X Foreign Stock Guide

While U.S. stocks are suffering, other stock markets around the world have a chance to capitalize and do very well.

I realize it’s difficult to consider investing in stock markets outside the U.S. — but remember, in the 2000s, China, India, and Russia’s stock markets grew 500%, 700%, and 1,000% while America’s only doubled.

We’ve narrowed everything down to the top three stocks you should own to take advantage of overseas growth.

The best part — you can take advantage of these opportunities in any U.S. brokerage account. You don’t have to open an account overseas or do anything complicated.

5. The American Energy Portfolio

‘Drill Baby Drill’

Inside, you’ll discover full details on three oil and natural gas companies that are positioned for enormous profits as inflation returns.

Trump is ready to unleash the U.S. as the global energy powerhouse we were meant to be.

The time to get in is now before the drilling begins and others profit.

6. The Gods of Gold

Gold is Trump’s best friend, and it should be yours too . . .

With gold at an all-time high, there are many companies that have been able to expand their gold efforts and offer everyday Americans huge potential future opportunities in gold and precious metals profits.

This special report contains details on three unique gold investments that can return two, three, even five times more money than you can make buying the precious metal directly.

Receive these special reports today and
jumpstart your 2025 portfolio for Mega Returns

These six special reports and my new book Mega Returns hold a total Value of $629 and I will send them to you today for FREE when you take advantage of this special subscription offer to the Financial Intelligence Report.

The Financial Intelligence Report retails for just $109.95 a year and you can subscribe anytime for that low price.

It’s a tiny fraction of what this level of research is worth.

But because it is incredibly important to help as many people as I can with my new book, Mega Returns: Profit From Maximum Pessimism, along with all six reports, I’m going to give you an opportunity to subscribe for 57% off.

Instead of $109.95, you can join the Financial Intelligence Report community today for the low price of just $47.

To eliminate any doubt you might have, I am going to provide a 60-day 100% satisfaction guarantee.

This gives you 60 days to look over everything I send — my new book — my special reports, our monthly newsletters, and everything else — and if, after 60 days, you decide the Financial Intelligence Report is not right for you for any reason, you can reach out and get 100% of your money back in full.

But keep my book Mega Returns, along with all the research you’re receiving today— including all six special investments reports — free of charge, as my thanks for giving me and my team’s research a try.

I’m doing this to remove any doubt from your mind that joining our community and reading my new book is the best way to protect and grow your wealth in these uncertain times.

By acting now, you have absolutely nothing to lose.

Claim your limited time 57% discount now.

Simply click the button below to be taken to a secure order form where you can review all the benefits you will receive as our newest member.

I want to thank you for taking the time to read this message and I hope to see you in the membership.

Click the button below to review everything you will receive with the limited time special offer prior to subscribing.

Here is to Mega Returns in 2025!