“By 2015, I believe we will have a Stock Market crash.”
The elites will hold off the crash until after the 2014 elections.
When the dollar collapses, hyperinflation will ensue. The experience of the Weimar Republic in Germany and Argentina in more recent years suggests it will come on quickly, triggered by some event. Perhaps China will tell Wal-Mart it won’t take payments in US dollars, perhaps the government will admit the gold in Fort Knox is long gone, perhaps Saudi Arabia will announce it will no longer accept dollars in payment for oil, perhaps Soros will trigger a run on the dollar in collusion with foreign nations, perhaps Iran will take out a US carrier in the Persian Gulf with no military response from Obama, perhaps a US city will be blown up by a terrorist nuke. Whatever the event, prices will immediately begin taking off. There will be runs on banks as people demand cash instead of virtual currency. The banking system and stock market will crash. It will be a prime opportunity to declare a state of emergency, disband Congress for the duration of the crisis, and assume dictatorial powers.
The elites will hold off the crash until after the 2014 elections. True. But the Billionaire investors are already pulling out of the Market.
The headlines read this:
DOW BREAKS 17,000 FOR THE FIRST TIME
Based on what? US economic growth? Job creation? Work force participation? Healthy trade? Manufacturing increase?
No. Because NONE of that is occurring.
The Dow right now is built on fictitious Fed pumping and the fact that with rates so low on bonds and interest people feel they have no other place to put their money.
There are 77 million Baby Boomers, with 10,000 retiring each and every day. Many of them have their entire hopes and dreams invested in living off their stocks.
But there are fewer and fewer young and employed workers to fuel the Ponzi scheme.
When the US Dollar is removed as the world's reserve currency, look out.
It is going to be very, very, very painful.
George Soros? How much longer can that old Nazi collaborator carry on living? I know the day is coming when the dollar will no longer be the world’s currency, but it always seems many years into the future.