Three trigger events are likely to occur in the next few months. All three are extensions of the death of the USDollar, which is manifested in its rise. Like a balloon it will pop. The system will not be able to withstand the shock. Systemic breakdown will give way to failure of the entire monetary system upon which the USDollar rests. The Gold Standard will be urged on, first in trade, then in banking, finally in currency. The USDollar will be swept aside, its rubble put in the dustbin of history, the memories likened to Rome during the Nero period.
When the next crisis hits, it will be five times worse than the Lehman event within the United States in 2008.
Something BIG, UGLY, and NASTY this way comes…
“We are entering a time which I call the collapse point. At the collapse point, there is going to be massive systemic shock.
What does an economic collapse in the United States look like?
A bank failure contagion, that’s whats going to push gold WAY over $2,000/oz again.
The Price of Silver is going to be moving over $100 and the price of gold is going over $5,000…
A failure of Deutsche Bank would trigger a systemic banking contagion the likes of which the Western world has never seen…
“The Fed can cause massive inflation in 15 minutes. They can call a board meeting, vote on a new policy, walk outside, and announce to the world that effective immediately, the price of gold is $5,000 per ounce…“
Click here for full coverage from GATA’s Chris Powell:
In this MUST LISTEN and timely interview with Hat Trick Letter editor Jim Willie, the Golden Jackass discusses the takedown of Glencore and Volkswagen, the Fed’s hidden $1 Trillion of QE per month, the impact of Iranian oil on oil prices, Vlad Putin’s checkmate of Barack Obama’s Syrian War strategy, the shortage of physical gold and silver, and a coming global reset of the financial system.
Every fiat currency in history has eventually collapsed.
The US dollar will collapse too, but we think that day is many years away.
Meanwhile, our analysis says the dollar could get MUCH stronger:
Bo Polny, however, has done just that, and has made some extremely relevant and bold predictions regarding the stock market crash.
Polny refers to this next stock market crash as the big one that has been building up for years.
He does not believe that the U.S. dollar will be the safe haven, but rather gold and silver, with price targets for gold and silver being $9,000 and $1,000, respectively.
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- Shemitah Week is HERE: Is the BIG ONE on the doorstep? Eric and David weigh inThe SD Weekly Metals & Markets With The Doc, Eric Dubin, and David Morgan is below:
On the eve of the Shemitah, we thought it apropos to bring back Mystery of the Shemitah author Jonathan Cahn’s explosive interview with The Doc.
Could a 7 year debt cleansing cycle called The Shemitah (literally The Collapse) explain the majority of financial crises in US history, and predict that the next major crash may be only days away?
Does a mystery that is 3,500 years old hold the key to what is going to happen to global financial markets in 2015?
Could it be possible that the timing of major financial crashes is not just a matter of coincidence?
In his most recent best-selling book, Jonathan Cahn has demonstrated that almost all of the major financial crashes in U.S. history are very closely tied to a seven year pattern that we find in the Bible known as “the Shemitah”.
On the very last day of the last two Shemitah years (2001 & 2008), the stock market crashed so badly that it set a brand new all-time record.
We are now in the midst of another Shemitah year. It began last fall, and it will end this September.
Are we on the verge of another historic market crash?