THE TERRIFYING DARK YEARS

It seems like ever since I was prepared to put a date on the economic collapse, others far better informed than I have begun to commit to a date.

I do believe the terrifying dark years (to steal the phrase from King World News) are almost upon us.

I'm going to track these dates.

Gerald Celente, who edits Trends Research and publishes the Trends Journal, and who has an enviable track record with economic predictions, has just given the date as by the end of the year, ie by 31 December 2015. I have listened to Celente's podcasts for many years. According to Celente:

"I’m now predicting that we are going to see a global stock market crash before the end of the year.  It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei.  There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil.  You are going to see one market after another begin to collapse".

My favourite 'Gold Bug' commentator Egon von Greyerz, the Founder and Managing Partner of Matterhorn Asset Management AG in Switzerland, has just given the date as by the end of Autumn, ie by 30 November 2015. According to von Greyerz:

"We will see major calamities starting in the autumn.  It will be the most massive shock to the system and to people.  We could also have geopolitical problems.  All major countries will send in their Plunge Protection Teams but they will only be able to stop the hemorrhaging for only a brief moment in time.  And to support markets as well as the financial system there will be money printing in the tens of billions of dollars initially and even more later.

The bottom line is that I’m looking at the risk and the risk is that this is the scenario that will unfold.  This is what investors must prepare for.  People should not hold major assets in banks and they should not hold general stocks and bonds because they will lose massive value.  

 

Gold and silver will end their 4-year corrections and finally start rising substantially.  Eventually prices will be many multiples of what you see quoted today for gold and silver.  But sadly, Eric, I think we are now entering what I wrote about a few years ago, which means that the dark years are about to begin and people need to be prepared for the coming turmoil".

I also read today that Larry Edelson, a senior analyst at Weiss Research (I have never heard of this person but I needed to find someone who predicted the collapse earlier than me!) has given a date of 7 October 2015:

"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".

So, here are the predictions thus far:

Larry Edelson - 7 October 2015

Paul - 11 November 2015

Egon von Greyerz - 30 November 2015

Gerald Celente - 31 December 2015

Comments

[Paul]

There are things one can do. The obvious one is to get out of shares, either in your own name or if held by your super fund (both Python and I have done this). I will email you privately.

[PythonMagus]

BTW, my instinct is that we will see a serious correction early next year (2016), but nothing apocalyptic. I'll do some research next week when back in Sydney and post my reasoning.

[PythonMagus]

We all head off into the bush with caravans and become Romani.

[Thygocanberra]

So what are we to do then?
Stop paying our bills?

I see Fr Z is promoting Ham radio - maybe that is what we will need.