Gerald Celente of the Trends Research Institute has just gone on the record with a prediction that there will be a stock market crash by the end of this calendar year. If you are not familiar with Gerald Celente, he is one of the most highly respected trends forecasters in the entire world. He has been featured on CNN, The Oprah Winfrey Show, The Today Show, Good Morning America, CBS Morning News, NBC Nightly News and Coast to Coast AM. Personally, I have a lot of respect for him. While it is true that not every single one of his forecasts about the future came to pass over the years, he does have a very solid track record that goes back for decades. He correctly predicted the 1987 stock market crash, the bursting of the dotcom bubble and the financial panic of 2008. Just a couple of days ago, he told Eric King the following: “I’m now predicting that we are going to see a global stock market crash before the end of the year.”
Celente says that it won’t just be U.S. stocks either. He believes that crashes are also coming to “the DAX, the FTSE, the CAC, Shanghai, and the Nikkei”. It other words, it is going to be a truly global financial crisis and he says that there is “going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil”.
When you go out on a limb like this, you are putting your credibility on the line. This is something that Celente has only done a few times in the past, and normally he has been spot on…
Rarely do I ever put a date on market crashes. I did it in 1987 when I forecast the 1987 stock market crash — that was in the Wall Street Journal. I also forecast the ‘Panic of 2008,’ and the ‘dot-com bust’ in October of 1999, when I said it (the dot-com mania) would fail in the second quarter of 2000…
Of course Celente is far from alone. Many others have also been warning that a new financial crisis is imminent.
David Stockman has long warned that the stock market is on the verge of a massive collapse, and the recent price action has him even more convinced than ever that the bottom is about to fall out.
“I think it’s pretty obvious that the top is in,” the Reagan administration’s OMB director said Thursday on CNBC’s “Futures Now.” The S&P 500 has traded in a historically narrow range for the better part of 2015, having moved just 1 percent higher year to date. “It’s just waiting for the knee-jerk bulls, robo traders and dip buyers to finally capitulate.”
Stockman, whose past claims have yet to come to fruition, still believes that the excessive monetary policy from central banks around the world has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble,” which could cause a worldwide recession.
Just a few days ago, I authored an article entitled “8 Financial Experts That Are Warning That A Great Financial Crisis Is Imminent” which showed that a whole bunch of other financial experts are sounding the alarm about an implosion of the financial markets.
And before any of these warnings came out, I issued my “red alert” for the last six months of 2015 back on June 25th.
There is a growing consensus that something really, really bad is about to happen in the very near future.
You know that we are really late in the game when the mainstream media starts sounding exactly like The Economic Collapse Blog.
On July 22nd, I authored a piece entitled “Commodities Collapsed Just Before The Last Stock Market Crash – So Guess What Is Happening Right Now?”
Now compare that headline to this recent one from Bloomberg: “Commodities Are Crashing Like It’s 2008 All Over Again“.
The crisis that so many have been waiting for is here.
As the coming weeks and months play out, there will be good days and there will be bad days. Remember, some of the biggest one day gains in U.S. stock market history happened right in the middle of the financial crisis of 2008. So don’t get fooled by what happens on any one particular day.
Also, please do not think that this crisis will be “over” by the end of 2015. What we are moving into is just the start of the crisis. Things will continue to unravel as we move into 2016 and beyond. The recession that we experienced back in 2008 and 2009 will seem like a Sunday picnic compared to what is coming by the time that everything is all said and done.
So that is why I work so hard to encourage people to get prepared.
What we are facing is not going to last for weeks or for months.
The coming crisis is going to last for years, and it is going to be painful beyond what most people would dare to imagine.
Indifference to the plight of persecuted Christians around the world was highlighted in June when Pope Francis released his first independent encyclical.
Although the Pope warned against things like global warming and issues dealing with the environment, he did not mention the plight of persecuted Christians—even though he is well acquainted with it and even though previous popes mentioned it at times when Christians experienced a small fraction of the persecution they are today.
Encyclicals are formal treatises written by popes and sent to bishops around the world. In turn, bishops are meant to disseminate the encyclical’s ideas to all the priests and churches in their jurisdiction, so that the pope’s thoughts reach every church-attending Catholic.
If it were mentioned in the encyclical, bishops and the congregations under their care would be required to acknowledge the truth about Christian persecution. Perhaps a weekly prayer for the persecuted church could be institutionalized—keeping the plight of those hapless Christians in the spotlight, so Western Catholics and others always remember them, talk about them, and, perhaps most importantly, understand why they are being persecuted. Once enough people are familiar with the reality of Christian persecution, they could influence U.S. policymakers—for starters, to drop those policies that directly exacerbate the sufferings of Christian minorities in the Middle East.
Instead, Francis deemed it more important to issue a proclamation addressing the environment and climate change. Whatever position one holds concerning these topics, it is telling that the pope—the one man in the world best placed and most expected to speak up for millions of persecuted Christians around the world—is more interested in speaking up for “the world” itself.
Meanwhile, Christians around the world in general, the Muslim world specifically, continued to be persecuted and slaughtered. In one little reported story, the Islamic State burned an 80 year-old Christian woman to death in a village southeast of Mosul. The elderly woman was reportedly immolated for refusing to comply with Islamic law.
A group calling itself the “Islamic State in Palestine” spread fliers in east Jerusalem threatening that it would massacre all Christians who fail to evacuate the Holy City. The leaflets, which appeared on June 27, said that the Islamic State knows where the city’s Christians live, and warned that they have until Eid al-Fitr—July 19, when Ramadan ends—to leave the city or be slaughtered. The leaflet was emblazoned with the black flag associated with the Islamic State.
Similarly in Egypt, after the foiled suicide attack on the ancient temples of Karnak in Luxor—a tourist designation—the Islamic State promised a “fiery summer” for the Christian Copts. Abu Zayid al-Sudani, a leading member of the group, tweeted the following: “The bombing of Luxor, a burning summer awaits the tyrant of Egypt [President Sisi] and his soldiers, and the worshippers of the cross. This is just the beginning.”
The rest of June’s roundup of Muslim persecution of Christians around the world includes, but is not limited to, the following accounts, listed by theme.
Ukraine on Monday reported repelling a rare tank assault by pro-Russian rebels that threatened to usher in a dangerous escalation to the 16-month war.
President Petro Poroshenko said about "200 insurgents used tanks to storm" Novolaspa -- a village half-way between the separatists' de facto capital Donetsk and the Kiev-held port of Mariupol -- in a pre-dawn raid that caught government soldiers off guard.
Chief of Staff General Viktor Muzhenko "informed the president that the Ukrainian forces gave a fitting rebuff and repelled all the attacks", the presidency said.
"Ukrainian forces are in full control of the situation," it added.
The Ukrainian foreign ministry called the incident "a dangerous indication of a further escalation to come".
But the rebels denied advancing their forces and signalled that they had always had militia units stationed in Novolaspa.
"The armed forces of Ukraine simply put the village under a heavy shelling attack," a local separatist official told the rebels' main news site.
"Novolaspa remains under the control of the People's Republic of Donetsk."
Kiev on Monday reported the death of one soldier while the insurgents accused government forces of killing a civilian in the rebel-held bastion of Gorlivka.
Poroshenko subsequently called in the head of Ukraine's national security service and defence minister along with the top army general to forge a response to "the rise in the number of attacks, particularly those using artillery fire, by the Russian-terrorist forces", his office said.
A typhoon that lashed Taiwan dumped heavy rain and winds on the Chinese mainland on Sunday, leaving 20 people dead or missing, collapsing homes and trees and cutting power to more than a million homes.
Typhoon Soudelor made landfall in China's Fujian province late Saturday night and was downgraded into a tropical storm as it moved across the region.
Rains from the typhoon triggered mudslides in mountainous Pingyang county in Zhejiang province, north of Fujian, killing eight people and leaving two others missing. One was seriously injured, the county government said.
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