| Dear Reader, ‘Consider scaling back…or liquidating positions entirely.’ This was my warning to investors last October. Specifically, I predicted that four ‘Code Red’ investments would start to crash and precipitate a major economic meltdown. A few short months later, I was proven right. First is stocks — I warned that ‘we’re in the late and highly-dangerous stage of the cycle with tech stocks’. Then the big tech crash happened. The Nasdaq fell by 29.5% in the first half of 2022 — its worst on record. Big tech stocks like Amazon finished their worst quarter in years. Second is cryptos — I said that it could be ‘the potential Trojan horse for the entire global financial system’. We since saw cryptos shred roughly US$2 trillion. And you couldn’t have missed the spectacular crash of Terra that wiped out US$39 billion and destroyed countless lives. Third is bonds — I predicted that a ‘75–90% loss for bondholders is a high-probability event’. Guess what? Bonds and shares are crashing right now — something that financial experts say isn’t supposed to happen. And as for the fourth? Well, if you own it, I urge you to stop what you’re doing immediately and read my latest briefing. There, I lay out my action plan to get your money out of these investments safely and avoid heavy losses as the downturn continues. Remember, the ‘Code Red’ warnings I gave are already unfolding as we speak… That doesn’t give you much time to act. Click here to read my briefing ASAP. Regards, Vern Gowdie,
Editor, The Gowdie Letter | 
