Will there be a financial collapse in the United States before the end of 2015? An increasing number of respected financial experts are now warning that we are right on the verge of another great economic crisis. Of course that doesn’t mean that it will happen. Experts have been wrong before. But without a doubt, red flags are popping up all over the place and things are lining up in textbook fashion for a new financial crisis. As I write this article, U.S. stocks have declined four days in a row, the Dow is down more than 750 points from the peak of the market in May, and one out of every five U.S. stocks is already in a bear market. I fully expect the next several months to be extremely chaotic, and I am far from alone. The following are 8 financial experts that are warning that a great financial crisis is imminent…
#1 During one recent interview, Doug Casey stated that we are heading for “a catastrophe of historic proportions”…
“With these stupid governments printing trillions and trillions of new currency units,” says investor Doug Casey, “it’s building up to a catastrophe of historic proportions.”
#2 Bill Fleckenstein is warning that U.S. markets could be headed for calamity in the coming months…
Fleckenstein says the entire market could be heading for calamity in the coming months.
“The market is uniquely crash-prone,” Fleckenstein told CNBC’s “Fast Money” this week. “I think the market is very brittle because of high-frequency trading, ETFs, a lot of momentum investors. I don’t think there’s going to be any painless back door.”
#3 Richard Russell believes that the bear market that is coming “will tear apart the current economic system”…
From my standpoint, this is the strangest period that I have gone through since the 1940s. The Industrials are declining faster than the Transports. If this continues, at some point the Industrials will touch the Transports. When that happens, I believe a bear market will be signaled, as both Industrials and Transports accelerate on the downside.
I expect a brief period of higher prices which will draw in the amateurish retail public. This brief breather will be followed by an historic bear market that will tear apart the current economic system.
#4 Larry Edelson is “100% confident” that a global financial crisis will be triggered “within the next few months”…
“On October 7, 2015, the first economic supercycle since 1929 will trigger a global financial crisis of epic proportions. It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen. I am 100% confident it will hit within the next few months.”
#5 John Hussman is warning that market conditions such as we are observing right now have only happened at a few key moments throughout our history…
In any event, this is no time to be on autopilot. Look at the data, and you’ll realize that our present concerns are not hyperbole or exaggeration. We simply have not observed the market conditions we observe today except in a handful of instances in market history, and they have typically ended quite badly (see When You Look Back on This Moment in History and All Their Eggs in Janet’s Basket for a more extended discussion of current conditions). In my view, this is one of the most important moments in a generation to examine all of your risk exposures, the extent to which you believe historical evidence is informative, your tolerance for loss, your comfort or discomfort with missing out on potential rallies even in a wickedly overvalued market, and your true investment horizon.
#6 During a recent appearance on CNBC, Marc Faber suggested that U.S. stocks could soon plummet by up to 40 percent…
The U.S. stock market could “easily” drop 20 percent to 40 percent, closely followed contrarian Marc Faber said Wednesday—citing a host of factors including the growing list of companies trading below their 200-day moving average.
In recent days, “there were [also] more declining than advancing stocks, and the list of 12-month new lows was very high on Friday,” the publisher of The Gloom, Boom & Doom Report told CNBC’s “Squawk Box.”
“It shows you a lot of stocks are already declining.”
#7 In a previous article, I noted that Henry Blodget of Business Insider is suggesting that U.S. stocks could soon drop by up to 50 percent…
As regular readers know, for the past ~21 months I have been worrying out loud about US stock prices. Specifically, I have suggested that a decline of 30% to 50% would not be a surprise
#8 Egon von Greyerz is even more bearish. He recently told King World News that we are heading for “the most historic wealth destruction ever”…
Did you know that Planned Parenthood gets more than half a billion dollarsfrom the federal government every single year? Did you know that the Obama administration gives an additional 35 million dollars each year to the United Nations Population Fund to promote abortion and sterilization around the globe? And did you know that the radical new sustainable development agenda that is being launched by the United Nations in September includes a goal of providing access to abortion services to every single woman on the entire planet by the year 2030? The things that you are going to read about in this article are very disturbing. The demonic population control agenda of the New World Order is greatly advancing, and Barack Obama and the U.S. government are at the tip of the spear.
No matter which political party has been in power, the U.S. government has been giving hundreds of millions of dollars to Planned Parenthood year in and year out. They just kept on doing this even though they knew that Planned Parenthood was harvesting body parts from aborted babies and selling them to medical researchers to be used in sick and twisted experiments. It was common knowledge that this was happening in the abortion industry, but nobody was really talking about it. Thankfully, a series of undercover videos has been released recently which has caused this horrific practice to make headlines all over the planet.
Just this week, a fifth video was released. This one actually shows a Planned Parenthood official discussing the sale of “intact fetal cadavers”…
“So, if we alter our process and we are able to obtain intact fetal cadavers, then we can make it part of the budget that any dissections are this, and splitting the specimens into different shipments is this,” she says, adding “I mean that’s — it’s all just a matter of line items.”
You can watch the entire video right here. It is hard to even fathom that people could be so evil. We are talking about a level of depravity along the lines of a Josef Mengele.
Now it is all out in the open, and most Americans don’t seem too concerned about it. Barack Obama has already pledged to stop all attempts to defund Planned Parenthood, and he is very proud to stand shoulder to shoulder with them.
As I mentioned above, the United Nations is launching the 2030 Agenda For Sustainable Development in September. The Pope is actually traveling to New York to deliver the speech that will kick off the conference where this agenda will be publicly unveiled. But what most people don’t realize is that population control is at the very core of this new agenda. According to the finalized text of this new agenda, the UN is setting a goal of making abortion services available to every woman on the entire planet by the year 2030. The following comes from the official text of the 2030 Agenda For Sustainable Developmentest…
For fiscal year 2015, the U.S. Congress approved 35 million dollars in funding for the UN population fund. This is an organization that has been caught red-handed implementing some absolutely horrific population control measures all over the world.
And did you know that the federal government actually has an “Office of Population Affairs“?
Most Americans have never heard of it, but it actually exists.
On the website of the Office of Population Affairs, you can find information about abortion, female sterilization, male sterilization and a vast array of contraceptive choices.
Most Americans also do not know that sterilization will not cost women a single penny under Obamacare. A new regulation that recently went into effect requires that all health plans must fully cover sterilization for all women with “reproductive capacity”.
The global elite want all of us to believe that climate change is the greatest threat that humanity is facing, and that one of the best things that we can do to fight climate change is to reduce population growth. Each one of us has a “carbon footprint”, and so in their view the less of us that are running around the better.
Ultimately, they would like to stabilize the size of the human population of the planet at around 500 million people.
That would mean a reduction of more than 90 percent from the current level.
This is something that the global elite talk about and write about all the time, and nobody should underestimate their sick obsession with “saving the planet”.
So precisely how will they achieve their goal of getting rid of so many of us?
President Obama is surreptitiously colluding with radical anti-growth environmentalists to force ideologically driven carbon-emission controls on the energy industry that will devastate the U.S. economy, congressional investigators have discovered.
As the Environmental Protection Agency (EPA) drew up rules aimed at limiting carbon emissions from power-generation plants, “key stakeholders—including the American public—had little to no influence over the debate while powerful environmental activist groups were given unprecedented access to and influence over administration officials,” the Washington Times reported yesterday
Collusion between the EPA and the green’s isn’t exactly breaking news. They’ve been doing it for years, but the study “makes clear that the EPA and top environmental groups see themselves as deeply intertwined in the push to cut carbon pollution and pursue other pieces of President Obama’s broad, controversial climate-change agenda.”
This and basically everything Obama has done in office are part of a metaphorical war on Americans that hits those at the middle and bottom rungs of the socioeconomic ladder the hardest. These radicals want to work a fundamental transformation of America by making people suffer.
Obama’s stated goal is to crush those companies that generate power and to effectively dynamite the nation’s coal mines on the theory that burning coal to generate electricity produces atmospheric pollution that goes beyond arbitrarily determined acceptable levels. This delights the powerful green groups pulling the strings in what used to be the tobacco smoke-filled backrooms of the United States Capitol.
Signaling he would be a tool of the environmentalist movement that for so long has had a death-grip on the policymaking process, early in the 2008 presidential campaign Obama told reportersstraight-out that his plans would cause energy prices to “necessarily skyrocket.”
“Because I’m capping greenhouse gases, coal power plants, you know, natural gas, you name it—whatever the plants were, whatever the industry was, uh, they would have to retrofit their operations. That will cost money,” he told the San Francisco Chronicle.
The director of the Cato Institute’s Center of Study of Science, Patrick Michaels, tweeted that “Using EPA’s own policy analysis model, Obama’s Clean Power Plan proposal will prevent a grand total of 0.03 [degrees Celsius] warming by the year 2100.”
Another Cato scholar, Paul Knappenberger, decried the plan, noting that the bulk of carbon emissions originate from the developing world and that no matter what the U.S. government does it won’t put a dent in emissions overall.
Americans aren’t buying the hype. They remain unconvinced despite the media’s nonstop, years-long, global warming propaganda assault and the presence of a radical, lawless left-winger in the White House. The voters can’t be bothered to care about this silly, bogus global warming issue.
The attack on carbon emissions is really an attack on markets and capitalism. After the Soviet Union collapsed, radical left-wingers no longer had what they considered to be a noble cause worth striving for. Socialist and neo-communist activists almost overnight began trying to rebrand their ignoble objectives as common sense moves that would save a planet that doesn’t actually need saving.
Ignoring earthquakes, tidal waves, and hurricanes, they regard the earth as a virtuous, benevolent living organism and some worship it outright as a deity (Gaia). These de-industrializers don’t care that in the future their plans will cause the deaths of hundreds of millions of people from starvation and other causes as the earth’s human population surges. In fact, some of them state openly that the extinction of humans, as opposed to bugs, mammals, and plants, is a glorious and worthy goal.
After Obama has left office, these left-wing green groups will fight tooth-and-nail to preserve the spectacularly ruinous policies he implemented. They will have mountains of cash from anti-American hedge fund manager George Soros to back them up.
Even if a conservative finds his way into the White House in January 2017, it is far from clear if he or she will be able to do much about all the damage Obama has done to civil society, the economy and industry, and the rule of law.
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