People are starting to become hyper aware of the potential for a major financial collapse in the United States.
And in fact, people like Mike Ward have even given it an ominous title, The Great Reckoning.
But what is it, and is it legit?
The Great Reckoning is a video presentation by Mike Ward that talks about a nearing economic crisis due to massive amounts of debt. The Great Reckoning Survival Guide is a bonus that you can only get when you subscribe to the Money Map Report – which is a legitimate newsletter.
Read on to learn more.
What Is The Great Reckoning About?
The Great Reckoning is a video presentation by lead publisher of Money Map Press, Mike Ward.
He starts off by giving a short account of what happened on October 29, 1929 – the first day of the Great Depression – and then claims that it could have been predicted and even avoided.
How? Because a few months prior, in June that year, there was a “strange signal” that had appeared in the market – one that should have been heeded.
He goes on to say that this same signal has appeared before “every major financial crisis in American history.”
That includes the dot-com bubble, the 2008 recession, and the crash of 1987.
Then he claims that there’s a coming crash, the markets are showing that same signal, and it could be much worse than people think.
But before he goes on to tell you what that signal is, he begins talking about how his Money Morning team successfully helped their readers navigate the 2008 crisis.
He claims that they were able to do that because, unlike the 90% of the media that’s run by only 6 corporations, they’re an independent publishing company. Meaning they don’t have any corporate sponsors trying to corrupt their commitment to the “radical truth.”
Ward claims that he usually has his team of 200+ people analyzing tons of important data, but right now they’re only focused on one indicator – the “signal” he’s been talking about.
It’s called the Shiller CAPE Index, and the way it works is this: the higher the CAPE value, the more the market is overvalued.
When the CAPE (cyclically adjusted price-to-earnings ratio) value is high, that means people are driving up the stock price past it’s realistic value.
A good CAPE score would be one as low as 4 – and that means for every $4 you spend on a stock, there’s only $1 earned.
A normal CAPE score is, according to Ward, around 16. But currently (at the time of seeing this presentation), the CAPE is nearly the highest it’s ever been – 31.49.
So, for every $31 you spend buying a stock, the company is only earning about $1.
What Ward is claiming is that this high CAPE value has been the signal that’s always seen right before a major crash, and that if you adjust for current values, the CAPE value is the highest it’s been.
What this should indicate is that the economy is doing great, but he claims that, in reality, it’s not.
Why does he think that? He says because there’s violent protestors, white supremacists, a bunch of people aged 18-34 living at home, and school shootings.
And if you’re like me, at this point you’re probably wondering what any of that has to do with the economy.
Well, he addresses that, saying that these seemingly unrelated things are all “side effects of the same disease.”
And what’s that disease? Wealth inequality – but not in the way you might think.
He goes on to say that essentially the issue is that poor people are racking up debt by living outside their means, rich people are taking advantage of that debt, and the middle class is being overworked and underpaid.
He says that, if wages rose along with the cost of living, increase in productivity, and the like, the average person would be making nearly $20,000 more per year.
He says that people who simply take advantage of the system by going into debt, paying few taxes, and not working hard – “takers” as he calls them – are on both sides of the wealth inequality spectrum, and that they’re the main cause of the massive accumulation of debt.
And that’s what he claims the issue is: the economy is just propped up on massive amounts of debt. And that the middle class is about to crumble under the weight of it all.
Why? Because he claims America never actually recovered from the last recession, and it was all just a big illusion fuelled by inflation and debt.
He finally brings it around full circle by saying that the same events that led up to the 2008 crisis – namely, mortgage debt – are happening again now, but with student loan debt, which is three times higher than the mortgage debt was.
He says that 20% of the GDP might evaporate, and that everyone will feel the effects of this “inevitable” crash.
But he says that there’s something you can do about it – and that you have a duty to do it and protect your family even if you think there’s only a “1% chance” of him being right.
He tells you all about what to do in his report called The Great Reckoning Survival Guide – what stocks you should get rid of, what you should hold on to, etc.
But of course, in order to get that, you have to subscribe to the Money Map Report newsletter, which is written by Keith Fitz-Gerald.
What’s Money Map Report and How Does It Work?
In order to avoid becoming one of the “impoverished masses” and instead find your way to becoming one of the wealthy 1%, Ward claims you need to read The Great Reckoning Survival Guide.
But you can only get it as a bonus with a $299 subscription to the newsletter Money Map Report.
As a member of Money Map Report, you’ll get access to:
- Research and stock recommendations
- Monthly Money Map Report editions
- The Money Map Report Intelligence Network
- Money Map Report Trade Alerts
- Weekly Dossiers (detailed reports)
- Video Briefings
- Twice a week Tactics and Risk Management Tutorials
- The Members-Only Website
- Their “Concierge Service” (aka their phone line)
Along with the subscription materials and the Survival Guide, you’ll also get a special report called The Two Investments People Will Be Desperate for in a Collapse.
If you sign up through this presentation, you’ll get a 60-day risk-free trial. That means that you have 60 days to get a full refund if you don’t like it for any reason.
If you choose to keep it for the full year, just remember that it automatically renews each year and will charge you $299 again automatically.
You can read my full review of Money Map Report to learn more.
Recommended: Go here to see my #1 rated stock advisory of 2023
Who Is Mike Ward?
Mike Ward is the lead publisher and founder of Money Map Press.
He’s worked for major companies in the publishing industry and has over 25 years of experience in it.
But even though Mike Ward is the guy who led the presentation, the newsletter Money Map Report is actually written by a guy named Keith Fitz-Gerald.
Fitz-Gerald is an investor who has years of experience relating to various aspects of the financial industry.
He’s known for having predicted both the dot-com crisis and the 2008 crisis.
Along with the Money Map Report, he also has three other advisory services:
- High Velocity Profits
- Straight Line Profits
- Total Wealth
The Money Map Report newsletter is published under Money Map Press, which is an independent financial publishing company founded in 2007 and headquartered in Baltimore, Maryland.
Money Map Press operates under the company Agora Financial – now called The Agora – which is an organization of over 40 different people that produce material in the financial, health, and lifestyle industries.
Is The Great Reckoning Survival Guide a Scam?
The Great Reckoning Survival Guide isn’t a scam, it’s essentially just a marketing ploy to get people to subscribe to the Money Map Report newsletter, which is a real and legitimate service.
However, that doesn’t necessarily mean that the newsletter will make you money or that it’s worth it to spend your money on.
And in my opinion, much of the Great Reckoning video presentation felt a bit like fear mongering. Like as if they’re trying to take advantage of a bad situation.
For example, multiple times he implied (and once even outright stated) that it’s your “duty” to protect your family from the results of a financial crisis – even though sometimes situations are genuinely out of your control.
Don’t get me wrong, I do think he brings out some valid points during the presentation. For instance, there is a high level of debt the United States, there is possibility of economic hardships in the future, and there is a reasonable debate as to whether or not we really did recover from the 2008 financial crisis.
But does that mean there’s going to be “impoverished masses” as he claims, and that Money Map Report is your only hope of survival?
I think that might be taking things a bit far.
Either way, marketing gimmicks aside, Money Map Report is a legit newsletter service, and that’s what this is really about. But I’d personally take the sales pitch with a pinch of salt, and not rush into buying something based on fear.
My Overall Opinion
In the end, the Great Reckoning isn’t a scam, and neither is the newsletter it’s promoting, Money Map Report.
However, just because it isn’t a scam doesn’t mean you should spend your money on it – especially if you aren’t necessarily in the financial position to do so.
Whether or not you end up subscribing to his newsletter is a personal decision, and hopefully this article helped shed some light on it!