– Gerald Celente Is Predicting That A Stock Market Crash Will Happen By The End Of 2015 (Economic Collapse, Aug 9, 2015):
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.
For instance, just check out what David Stockman recently told CNBC…
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 mainstream media is starting to get it. The exact same patterns that we witnessed just prior to the last financial crisis are playing out once again right before our very eyes. Here is an excerpt from that Bloomberg article…
Attention commodities investors: Welcome back to 2008!
The meltdown has pushed as many commodities into bear markets as there were in the month after the collapse of Lehman Brothers Holdings Inc., which spurred the worst financial crisis seven years ago since the Great Depression.
Eighteen of the 22 components in the Bloomberg Commodity Index have dropped at least 20 percent from recent closing highs, meeting the common definition of a bear market. That’s the same number as at the end of October 2008, when deepening financial turmoil sent global markets into a swoon.
This is the kind of stuff that I have been hammering on for weeks.
Another sign that we saw back in 2008 that is repeating once again is a substantial slowdown in global trade. Over the weekend, we got some more bad news on this front from China. The following comes from Zero Hedge…
Overnight we got another acute reminder of just who is lying hunched over, comatose in the driver’s seat of global commerce: the country whose July exports just crashed by 8.3% Y/Y (and down 3.6% from the month before) far greater than the consensus estimate of only a 1.5% drop, and the biggest drop in four months following the modest June rebound by 2.8%: China.
It wasn’t just exports, imports tumbled as well by 8.1%, fractionally worse than the -8.0% consensus, and down from the -6.1% in June as China’s commodity tolling operations are suddenly mothballed.
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.
Related info:
– SHEMITAH EXPOSED: Financial Crisis Planned For September 2015 (Video)
If there will be a market crash in September, then it will probably only be the beginning of another 7 years of pain coming our way, incl. hyperinflation, civil wars and the total collapse of the entire financial system, culminating in WW3 that TPTB have planned for us.
(I do not believe that there will be a full nuclear exchange happening.)
In my opinion …
Access to food and safe drinking water will become extremely important.
Physical gold and silver will protect your financial assets, although price manipulation will most probably continue for some time.
* * *
“By failing to prepare, you are preparing to fail.”
– Benjamin Franklin
Prepare for collapse.
I think the article about the 12 trillion dollar fat thumb article posted yesterday (already on the 2nd page) is far more informative than this clown…..How many times has he predicted crashes that never occurred? When I see his name, I skim over it, fear mongers are not good economic sources…..factual and educated examinations are far more useful.
I agree with his view of a debt supernova, but it is already happening. Anyone watching the world economy sees the activities have already begun. China outlawed the open market, declaring CEOs could not sell stock, issue IPOs and had to buy back their own stock, or else. The Chinese dictator has decreed the market is under authoritarian control, just like his country…….
American companies who signed in with the Chinese government in exchange for 25+ years of slave labor, also had to tie in with the Chinese government….they cannot just pull up stakes and leave if things get bad for them. They cravenly and greedily gave all their trade secrets to the Chinese government in exchange for this free labor….GE even gave their power plant and nuclear secrets….They also signed agreements tying them to China. Companies like GE and Apple are going to get slammed……and considering the labor conditions of their workers, it couldn’t happen to nicer people.
Everything he is saying is already happening. People need to look at the global picture because the globalization scheme has destroyed the MFG in the US (our economy was based on what we designed and built) destroyed countries in the Euro, their money is based on nothing but paper and ink.
The Euro is a collection of poor countries who banded together to get cheap credit from German bankers so they could shop in China…… China’s economic system is so corrupt and involved, all I can say is look at the Ghost Towns, Biggest building in the world, stock market margin investing……..it is worse than the US. All the building money went to three major government contractors, none to the workers…….Another oligarchy with most funds going to the few at the cost of everyone else; just like the US.
Of course it is global, we are now infected with some of the worst players in the world…..Sorry, this guy does not impress me in the least. As for predicting the crash of 2001 and 2008, any of us who read the Wall Street Journal and the New York Times got plenty of warning involving both crashes…..2008 especially was forewarned by the WSJ. They are no longer allowed to print the truth, if one does, he gets fired…..Our system is so shaky that they have blocked all truth from once viable sources such as the WSJ, Bloomberg……now, they just hawk whatever the corporate owners tell them to sell………….
We are in deep trouble when things are so bad, the truth becomes a danger to the world economy.