The Warnings Continue
TimeWatch Editorial
January 18, 2016
It is amazing the number of financial experts who have been warning of a coming financial collapse. What is even more amazing, is the fact that very few ordinary investors have taken these warnings very seriously. As amazing as all this might be, it is not at all surprising, since warnings are usually ignored, regardless of the circumstance or the danger. Opinions are arrived at without any foundational solidity; choices are made based entirely upon preference or lust, plans are made regardless of the possible danger.
Doug Casey, a wildly successful investor who’s the head of the outfit Casey Research , is predicting doom and gloom for the global economy. Casey says:
Noted short seller Bill Fleckenstein, who correctly predicted the financial crisis in 2007, says the entire market could be heading for calamity in the coming months.
“Fleckenstein said he was surprised the market has been able to hang on as long as it has after the Federal Reserve stopped buying bonds. He added that markets have continued to trade on the "fumes" of the Fed's quantitative easing program, which was "unlike anything" the world has seen before.” Michael Newberg, Short seller who called financial crisis sees calamity ahead, Tuesday, 4 Aug 2015
90-year-old Richard Russell warned about an event that will signal the start of a historic bear market that will destroy the current economic system. The legend also discussed gold, silver and a trapped Federal Reserve. Russell says:
“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.” Richard Russell
Larry Edelson is “100% confident” that a global financial crisis will be triggered “within the next few months”… Larry Edelson, one of the foremost experts on gold and precious metals, is the editor of Real Wealth Report and Supercycle Trader. Larry has called the ups and downs in the gold market time and again.
“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.” Larry Edelson: A Ride Through Hell is Coming in the Next Few Months, August 4, 2015
These men are not the only ones who have been warning of the collapse that appears to be on its way. But as always, the majority are ignoring the warnings and awaiting the reality of the moment. Uninformed and unprepared, they stumble toward the precipice, only to be the victims of the horror that awaits them. Such a description is almost spiritual in its application and equally dangerous in its result. So we must take the warning now, even though the evil has already begun.
Cameron A. Bowen
