I don't agree that the stock market is headed for sharp drop. I think Fed is going to take actions and keep the stock market will be kept up however that would take massive amount of money printing and another QE so most likely outcome we will face is hyperinflation of the currency.
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Mike Maloney and I have the same thought that first there will be a deflation. A real deflation. Then the central bankers will engage in a hyperinflation. I believe the deflation will be a perfect opportunity to consolidate power.