To start I am not a financial adviser, with that out of the way my source who I vetted previously in 2015 a former Wall Street banker who called the Black Monday, August, 2015 stock market crash is warning again of an impeding crash that could be the "big one."
Further disclaimer:
I don't put this information out to scare or fear monger rather for you and your family to prepare for what could happen even though I used an image of a red negative declining market.
Some background information, in August, 2015 I was contacted by a banker who had a message for the world to warn of a flash crash scenario that at the time he called the "big one."
Which he stated would be bigger than 1987's Black Monday crash.
Subsequently that crash happened after the dumping of thousands of dollars of U.S. treasury bonds by China and a number of other market related moves at the time but the main one that pulled the trigger was the dumping of U.S. bonds. The crash was known as Black Monday (link to Tweets.)
Its worth noting in spirit of transparency that he also said that a crash was going to happen last summer-fall but this never came to pass.
However, when Brexit was going on and I worked at We Are Change he stated that the British pound could collapse if the Brexit referendum was successful. That did happen although, the effect wasn't everlasting Brexit isn't finalized yet so that could still have further ramifications for the financial markets.
According to him market analysis suggest that we could see a larger crash and once again the "big one" due to so many financial
He suggest that the major catalyst are dozens of G-20 central bank decisions and here in the U.S. the deadline on our ability to pay bills the debt ceiling, which might threaten another government shutdown, as well as several elections across Europe and a looming housing bubble. Then to add onto all that we also face the threat of war with North Korea which will undoubtedly be what could start World War III.
Linking to an article recently published in Bloomberg he told me.
"I have never seen anything like it this could potentially be the big crash I have warned you about," the source said.
In fact, Wall Street’s already prepping for a doomsday scenario.
If the Treasury were forced to delay coupon and principal payments, even just for a few days, the impact of such a “technical default” on financial markets and the economy “could be lasting,” strategists at JPMorgan lead by Chief U.S. Economist Michael Feroli wrote on Tuesday. JPMorgan predicts a drop-dead date of Oct. 13.
Despite the preparations, Toomey said Sifma can’t prepare for all contingencies.“This has never happened before, and there are unknowns embedded in here,” said Toomey. “This is still unknown territory,” he added. “Is our work a silver bullet? I don’t think so.’’
Essentially what my source is relaying is that a combination of all these economic events could cause mass market uncertainty leading to a crash "the world has never seen the big one."
"What you have to understand and what most of the general public fails to realize is that all countries economies are inter-connected and that's how I was able to call Black Monday when China was dumping treasury bonds in summer of 2015. So witnessing all these situations that could influence the markets all at once is a scary crazy scenario," the source said.
There's more Bloomberg reports:
- A summit of BRIC leaders hosted by China just ended -- days after tensions between the world’s second-largest economy and India caused a standoff in the Himalayas
- The Trump team will continue to renegotiate NAFTA
- Brexit talks are scheduled to continue
Its worth noting that Lord Jacob Rothschild, founder and chairman of RIT Capital Partners recently pulled out of the U.S. dollar's capital market.
Additionally, Rothschild stated that he believes quantitative easing (QE) programs employed by central banks, such as the Federal Reserve Bank in the U.S. will “come to an end.”Rothschild was quoted in the report as saying, “The period of monetary accommodation may well be coming to an end.”
A report from Market Watch last year stated the Federal Reserve is out of ammo and will no longer be able to continue quantitative easing this means that if a financial collapse were to happen we would be on our own as ex-CIA economist Jim Rickards has warned along with Ron Paul.
“The Federal Reserve’s policies of printing trillions of dollars back in ’08-09 have locked into place a serious financial crisis at some point in our future,” Paul stated. Going so far as to intimate the financial collapse will occur at least some time in the next two years Paul wrote, “It’s unavoidable, and even Donald Trump can’t stop it."
Even former Federal Reserve chairman Alan Greenspan has alleged we are heading for a financial crisis calling for the U.S. dollar to return to the gold standard:
"We are in very early days of a crisis which has got a way to go,” asserted Alan Greenspan to Bloomberg last year. “This is the worst period, I recall since I’ve been in public service. There’s nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I’d love to find something positive to say…..I don’t know how it’s going to resolve, but there’s going to be a crisis,” Greenspan said.
Rothschild isn't the only one selling stocks in the U.S. as X22 report noted bank executives are selling their stocks, and are also signalling that something is about to happen. It seems like all the pieces are in place for what could be known as the collapse felt around the world — it’s time to pay attention.
However, after this happens the U.S. dollar will be replaced as the world reserve currency and a redistribution of wealth can happen which will become known as the financial reset.
It's definately coming.... and it will be brutally epic
Scary premise this guy has been right 2-1 I hope he is wrong and we can make it 2-2 because I really don't want him to be right and see a full fledged collapse jesus.
Incorrect, he's been wrong many more times then stated
This is my source how the hell would you know? Unless u followed the other economic warnings this guy has put out through me?
He's made similar calls the past decade and been wrong every time
No as stated my source is ex-Wall St and only made claims of a collapse in 2015-2016 and 2017 he called August 24th 2015's Black Monday crash on August 21st he was dead on as it happened only a few days later. Then he called the Brexit Sterling collapse citing investors would be surprised by the Brexit if the vote went through. So this guy isn't Martin or Dave I have vetted this person and wouldn't put out his alerts if he wasn't credible.
I was responding to a comment about Martin and Dave
I'm with ya in spirit but with all do respect x22 report has been wrong calling for the end of the Dollar in2012,2013,2014,2015,2016 . Wrong every time. Dave from x22 is s fearmonger who uses the same FUD titles every video and has been wrong a few times a year for 5 years
This isn't all by x22 report.
I understand but my comment was recurring to another comment who brought up x22
Reshared @phibetaiota
Martin Armstrong has been calling IT in September for quite some time... He's never been wrong.
https://www.armstrongeconomics.com/
Martin has been wrong many times
He's called for a crash 6 different times bet 2011 and 2016 before moving it to 2017 , after this fall he'll say 2018
Hes not my source either this is real bad.
Wow, inb4 market bloodbath. Better buy rice water and head to the mountains.
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Should read, "This post received...." - I've seen it too many times to ignore it - love your work :-)
Thank you!
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bring it on
oh fak and game of throwns season 8 will be effected /sarc
Thanks for getting the word out, even though many of us have been bracing for this for over a decade now. The part I hate is that these creeps can crash it anytime they want. They can also keep this fiction going as long as they want too. Another QE...more bailouts. It's hard to decide which I want less...
I've been preparing for the 'big one' for a long time now. When it happens it will affect most of the world. The dying dollar will be horrific for those who aren't prepared and trust their wealth to a fiat system and the crooked banksters that run it.
There have been so many catalysts in the last couple years for a crash I'm surprised there hasn't been one already.
There was one in 2015 a flash crash which wiped out a history 888 points in 2 days he called as documented with the tweets so this one he is calling makes me worried he also called the Brexit Sterling crash.
Iceland must be the harbinger, then? (I shared this because I think this will be appreciated. [I usually send cat and dog memes.] :D)
BTW, I just added the Steemit extension for notifications.