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The Crash Has Already Begun – Don’t Let the AI Hype Fool You

EDITOR'S NOTES

Despite record highs in the S&P 500 fueled by AI mania, veteran strategist Gareth Soloway is sounding the alarm: the market may have already peaked. With eerie parallels to the dot-com bust, overvalued tech giants, and retail euphoria masking institutional sell-offs, signs point to a looming crash. As everyday Americans buckle under crushing debt and stagnant wages, this “AI rally” could be the last gasp before a painful correction. Now is the time to move into real assets like gold before the bottom falls out.

Frank Balm Nov 3, 25

I’ve seen bubbles before, and I’ve seen crashes. And I’ll tell you right now: what we’re looking at isn’t sustainable. Folks, the smart money is already heading for the exits, while the rest of the herd piles into a stock market that’s being held up by smoke, mirrors, and artificial intelligence hype. We’ve hit a top—and it’s not just me saying it.

Market strategist Gareth Soloway, a guy who’s been around the block a few times, just issued a major warning. While the S&P 500 climbed to dizzying heights—nudging 6,900 points, thanks to tech giants like Amazon and Nvidia—he says what we’re seeing is a classic top. Think dot-com bubble all over again, only this time with algorithms instead of pets.com.

The AI Gold Rush is Blinding People to the Bigger Picture

Amazon’s cloud division popped off this week, and Nvidia—get this—hit a $5 trillion market cap. Yeah, trillion with a “T.” That kind of market cap is so bloated it makes the tech bubble of 2000 look modest.

Now sure, Nvidia’s profitable. But Soloway put it plainly: so was Cisco back in the day. Cisco was pulling in profits left and right in 2000 before its stock got crushed. It was also a poster child of irrational exuberance. Sound familiar?

Here’s the gut punch: Nvidia’s market cap now equals 16% of the U.S. GDP. Cisco back in 2000? Just under 4%. That’s not growth. That’s mania.

So while average investors are getting high off headlines and chatbots, Wall Street insiders—your BlackRocks and big institutions—are selling into the strength. They know what’s coming. They’ve seen this movie before, and they’re not sticking around for the ending.

The Two Americas: Asset Holders vs. Everyone Else

While the stock market throws a party, regular folks are sinking.

We’re looking at a K-shaped recovery—one where the rich ride the wave and everyone else drowns in debt. Total U.S. credit card debt just hit an all-time high: $1.33 trillion. And the average interest rate? 22.83%. That’s modern-day usury.

Wages aren’t keeping up, especially for working-class Americans. The Minneapolis Fed admits it—real wage growth is falling fast for low-income workers, from 3.9% to just 1.5%. And spending trends are flashing red: luxury goods are down, dollar stores are booming, and Chipotle—the fast food of the “comfortable middle class”—says customers can’t even afford burritos anymore.

Let that sink in.

Bitcoin Is Flashing Red — Gold Is Flashing Green

Here’s where it gets even more interesting. Soloway points to Bitcoin as a leading indicator for the broader market. He says when Bitcoin stalls while the Nasdaq rallies, it’s a bad omen—and it’s happened before. In both 2017 and 2021, Bitcoin topped out weeks before the stock market crashed.

Guess what? Bitcoin’s lagging again.

Meanwhile, gold is quietly presenting a massive opportunity. Prices recently pulled back from the $4,300 level—and Soloway sees that dip as a gift. He’s targeting a buy zone between $3,500–$3,600, and he's calling for $5,000 gold by 2026.

I couldn’t agree more. This is exactly why I’ve spent the last two years shouting from the rooftops: get out of paper, get into real assets. When Wall Street finally admits the party’s over, you don’t want to be left holding a bag full of worthless tech stocks.

The Bottom Line: The Crash Is Coming. Prepare Now.

You don’t need a Ph.D. in finance to see what’s happening. The market’s on a sugar high, juiced up on AI hype, and drowning in overvaluation. Meanwhile, the average American is maxed out, stressed out, and just trying to stay afloat.

Don’t be fooled by the headlines. This isn’t prosperity—it’s a setup. And when the trapdoor opens, it’s those without a plan who’ll suffer most.

That’s why gold and silver aren't just smart—they’re necessary. They’re your life raft when the financial system starts taking on water. And trust me, it already is.

Take Action Before It’s Too Late
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Stay sharp. Stay prepared.

— Frank Balm