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Wall Street Insider Who Predicted 2008 Crash Issues Urgent Warning: "The AI Bubble Will Pop by April 29th"

globenewswire.com
NVDA The article warns of a potential AI bubble collapse by April 29th, triggered by a major AI company's failure. While not directly named, NVIDIA is a prominent AI player, and the article suggests that even elite investors like Michael Burry are betting against major AI stocks, implying a broad downturn impacting companies like NVIDIA. MSFT The article predicts a significant AI bubble pop by April 29th, potentially causing an 80% market crash. Microsoft, a major player in AI, could be negatively impacted by the collapse of a key AI company and the subsequent market downturn, as suggested by warnings from Jim Rickards and Michael Burry's bearish stance on AI stocks. GOOG The article forecasts a severe AI bubble burst by April 29th, potentially leading to an 80% market crash. Alphabet, a significant AI company, faces risks due to the interconnectedness of the AI sector and the potential fallout from a major AI player's collapse, as highlighted by the article's warnings. AMZN The article warns of an impending AI bubble collapse by April 29th, with potential for an 80% market crash. Amazon, involved in AI and cloud infrastructure (AWS), could be significantly affected by a broad market downturn and the failure of key AI players, as indicated by the article's dire predictions.

Washington, D.C., March 27, 2026 (GLOBE NEWSWIRE) -- Jim Rickards, the economist and former CIA advisor who famously predicted both the 2008 financial crisis and the COVID market crash, has just released an urgent new video presentation warning that the artificial intelligence boom is heading for a catastrophic collapse.

In the newly released session titled "The AI Meltdown Is Coming," Rickards argues that a major AI company is on the verge of failure — and that its collapse could set off a chain reaction that wipes out trillions in American wealth.

"This is the Titanic. We just hit the iceberg," Rickards states in the presentation. "Most people are still laughing, drinking, and dancing — completely unaware the ship is sinking. By the time they realize what's happening, it will be too late."

The video is now available for on-demand viewing.

A Track Record That Demands Attention

Rickards is no stranger to calling major market events before they happen.

In the summer of 2008, he warned top presidential advisors that a financial catastrophe was imminent. Three weeks later, Lehman Brothers collapsed and markets crashed worldwide.

In January 2020, he issued a note called "CONTAGION" to a small group of readers warning that a pandemic could trigger panic in the markets. Three weeks later, stocks suffered the fastest crash in history.

Now he's issuing his most urgent warning yet.

"We could see an 80% crash that could wipe out millions of Americans," Rickards warns in the presentation. "And it's not just me saying it."

The Company at the Center of the Coming Storm

The presentation identifies a single company that Rickards believes sits at the heart of a massive financial time bomb.

According to Rickards, this company has inked $1.4 trillion worth of deals with other major AI players in 2025 alone — creating a web of financial entanglements that mirrors the conditions that led to the 2008 banking crisis.

"Just like Lehman Brothers had connections to all banks on Wall Street, this company has financial connections to all the big players in the AI space," Rickards explains. "I believe that's a $1.4 trillion ticking time bomb."

The presentation reveals that insiders at this company are already showing signs of panic, with the CEO issuing an internal "code red" alert and the Chief Financial Officer implying the company may need a government bailout.

Smart Money Is Already Heading for the Exits

Rickards points to a pattern of behavior among elite investors that he says confirms his thesis.

According to the presentation:

"Some of the best investors on the planet are already preparing for this coming AI meltdown," Rickards states.

Even Michael Burry — the hedge fund manager who predicted the 2008 housing crash and made $100 million from it — is now betting against major AI stocks.

"This bubble looks an awful lot like the dot-com bubble," Burry has said.

Why April 29th Is the Date to Watch

Rickards has identified a specific date when he believes the crisis could accelerate.

"There's an event scheduled for April 29th that I believe will accelerate the meltdown," he states in the video. "Because that's when the entire market could realize this company is in big financial trouble."

The presentation explains that while the troubled company at the center of this crisis is private and doesn't report finances publicly, it has major financial ties to public companies that must disclose significant losses to investors.

A Crisis That Won't Stay Contained

Perhaps most alarming is Rickards' warning that this meltdown will not be limited to tech stocks.

"This will be like dropping an atomic bomb in the middle of the economy," he states. "The blast radius will reach all industries — from banks to construction to energy."

Rickards cites research showing that U.S. economic growth in early 2025 was almost entirely driven by AI data center investment. When that spending stops, he argues, the broader economy could fall off a cliff.

The presentation references analysis from Bernstein Research warning that the company at the center of this crisis "has the power to crash the global economy for a decade."

What Viewers Will Learn

The full video presentation covers:

Who Should Watch This Presentation

About Jim Rickards and Paradigm Press

Jim Rickards helped architect the Petrodollar Accord under the Nixon administration, worked directly with the Federal Reserve to prevent a $1.3 trillion banking collapse in the 1990s, and advised senior leaders at the Pentagon and CIA on financial threats to national security.

Rickards is the author of multiple best-selling books including Currency Wars, The Death of Money, and The New Case for Gold.

His research is published by Paradigm Press, a financial publishing firm based in Baltimore, Maryland that provides market analysis, economic commentary, and investment research to readers nationwide. The company has earned a 4.8-star rating on Google with nearly 2,000 reviews from subscribers.

How to Watch

The video presentation is now available for on-demand viewing at no cost.

To access the full session click here.