[Publius]

According to Martin Armstrong, it's the bond market, not the stock market, that will crash this fall. The bond market is many times the size of the stock market. At first, there will be a correction in the stock market as the bond market panics.

But most money today is in the form of electronic bits and bytes. As bonds collapse and the stock market correction finishes, that money will flow into stocks. By 2020, the Dow will be around 40,000. The general economy will be worse than the Great Depression, but thanks to excess liquidity, Wall Street will be handing out free money between 2016 and 2020 via the stock market. Gold will catch a bid, but most of that electronic money will flow into paper gold, not physical gold.

Then in 2020, Armstrong believes that stocks will finally collapse in the usual parabolic move higher. That will set off revolution, and by 2032 there will be a general understanding worldwide that humans are not capable of ruling themselves. We will enter a new era of feudalism and worldwide corporate fascism.

I'll be dead by then -- I hope.

[kaehurowing]

It all depends on whether the machines take over.

[Big Red Badger]

I thought I saw the Pearly Gates just reading You’re post!

/s

[Does so]

We will enter a new era of feudalism and worldwide corporate fascism.

Reagan's "Thousand years of darkness?"