Wondering what The Great Reckoning is and how it affects you?
The Great Reckoning is a pitch from Mike Ward for his book “The Great Reckoning Survival Guide.”
But what’s it really all about?
And is it worth your time listening to what Mike has to say about The Great Reckoning?
Before I start…
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The Great Reckoning Review
Here is what I’ll share today in this review:
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What Is The Great Reckoning?
This presentation is a pitch for Mike Ward’s book, The Great Reckoning Survival Guide.
Mike Ward believes that the economy, bullish as it is, is running on fumes.
He thinks that we are on the cusp of another great market crash that could eclipse what we saw with the Financial Crisis of 2008.
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Why is he so confident in his prediction?
He is using the Shiller CAPE index, an indicator that was pioneered by Robert Shiller, a Nobel Laureate and a respected voice in the economic circles.
The CAPE ratio, the indicator’s metric, is showing that the market is overvalued – people are paying beyond the realistic values of the securities they are buying.
The current readings are worse than what the metric showed or would have shown before the Great Depression and the Global Financial Crisis.
Mike believes that student loan debt is to blame for what we are about to witness. He mentions that the student loan bubble currently stands at 1.34 trillion dollars.
Considering that the default rate on student loans (11.5%) is higher than the mortgage default rate (4%) that caused the Great Recession, we could be in for a rough ride.
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Who is Mike Ward?
Mike Ward is the leading publisher of Money Morning. He is also a co-founder and chief editor of Money Map Press.
Mike has had a distinguished career in book and magazine publishing with over 25 years’ experience at Rodale Press and Macmillan Publishing.
Before he started Money Map Press, Mike was the editorial director for The Oxford Club.
How does The Great Reckoning Work?
Knowing that we are about to be hit by a financial crisis, Mike has written a book titled The Great Reckoning Survival Guide: How to Protect Yourself & Your Family from the Coming Crisis.
He explains his reasoning and gives his opinion on how best you ought to prepare for the market crash.
During the presentation he gives a preview of the first three chapters:
- In chapter 1, he talks about “the Great Reckoning Blacklist”. These are the companies that will be hit the hardest by the crisis and will probably die out. He shares the name of the one company whose shares you should hold onto during the crisis to save your portfolio.
- In Chapter 2, he talks about how you should bet against the banks just like Wall Street insiders do.
- In Chapter 3, he delivers what he calls “Insider’s Guide to Gold.” He shows you how to buy gold bullion and coins at wholesale rates and provides you with the name of the provider who will give you a good deal. He then reveals a little known investment asset called “26(f) programs” that you should hold to protect your money during a crash.
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Bonuses
In addition to the main book, you will also receive three bonus reports for free. They are:
- IRS-proof your life: In this report, he shows you how to legally avoid getting overtaxed once you have emerged from the crash with your money.
- The Two Investments People Will Be DESPERATE for in a Collapse: During uncertain times, utilities remain stable because people still need essential services. Mike has identified a water company and six other companies that have built hard assets into their business models. Hard assets are things like cattle, steel, corn, wheat, coal, railroads, freight, and energy.
- Long Chaos: The Volatility Guide. He reveals a method that you can use to capitalize on a bad week in the stock market with as little as $22.
On top of these three reports, you will also be given a 60-day trial run of the investment newsletter, the Money Map Report.
NOTE: As soon as your 60-day trial of the newsletter lapses, you will be automatically subscribed to the newsletter for one year and your credit card charged $99. If you don’t want that, contact the customer support team and tell them to cancel it.
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Subscription Fee
A copy of the book and the accompanying free reports costs $39.
Money-back Guarantee
Within 60-days after purchasing the book, you can ask for a refund if you feel that Mike’s advice does not align with what you believe.
Is The Great Reckoning a Scam?
The Great Reckoning is not a scam. I think Mike Ward is right when he predicts tougher times soon. It may not be as grim as he says it will be (Roman Empire-style collapse), but it will certainly hit many Americans hard. He may still end up being wrong but we cannot hold it against him.
Pros of The Great Reckoning
- For $39, what you receive sounds like a generous deal.
- There is a money-back guarantee in case you feel that Mike’s advice is not for you.
Cons of The Great Reckoning
- The Great Reckoning Survival Guide is not available in bookstores or online. It is only available to the people who tune in to the short presentation. Many people who share Mike’s ideals will miss out.
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Verdict For The Great Reckoning
If you look back at all market crashes in history, they always catch many investors unawares.
The few who foresee them (and prepare accordingly), tend to come out of them richer or with the foundations to become richer.
I think it is wise to prepare for a recession because you never know when it will happen.
It may not happen as fast as Mike predicts and may even delay by a couple of years, but it will eventually come.
If you believe that there is a looming crisis, the book and the reports you receive here may give you new and helpful ideas.
Before you leave
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Mark Charles is the founder of NoBSIMReviews and has been making a 6-figure income online for over 10 years.
After reviewing 1000’s of programs, he knows what works and what doesn’t: