If you pay any attention to the financial blogosphere you might have noticed talk of an impending economic collapse coming to the US and world this Fall. The Economic Collapse Blog issued a “Red Alert” for the last six months of 2015, for instance.
In early 2015, The Economic Collapse Blog’s Michael Snyder wrote a piece entitled, “The Shemitah: The Biblical Pattern Which Indicates That A Financial Collapse May Be Coming In 2015.” He, like many of the internet analysts predicting an economic collapse around the end of 2015, cite something called the Shemitah Calendar as a reason for their concern. Jeff Berwick released a video earlier this year called “SHEMITAH EXPOSED: Financial Crisis Planned For September 2015.” The video has accumulated nearly one million views.
“I can barely keep track of all the black swans that pop up in the sky everyday now,” Berwick told CCN about his Fall collapse predictions. “There are so many the sky has gone pitch black. This smells, looks and feels just like 2007… and everyday more-so.”
On YouTube predictions about 2015 being THE year accumulated thousands of views. Not only has some of the so-called “Conspiracy Theory” financial news taken a hardline approach to our economic fate this Fall. Mainstream press has given the idea lip service and, with stock markets globally facing steep declines in recent sessions, even suggested the collapse is in motion.
In an article for The Telegraph, “Doomsday clock for global market crash strikes one minute to midnight as central banks lose control,” author John Ficenec suggested the following:
The great props to the world economy are now beginning to fall. China is going into reverse. And the emerging markets that consumed so many of our products are crippled by currency devaluation. The famed Brics of Brazil, Russia, India, China and South Africa, to whom the West was supposed to pass on the torch of economic growth, are in varying states of disarray.
How legitimate are the predictions? In recent sessions, the global stock markets have seemingly teetered on the brink of collapse. Some analysts believe it is a flash crash – since Monday stock markets have done a rebound after China lowered their interest rates. While others believe it runs deeper. Harry Dent believes the crash is upon us. But he also thought that in 2014. As he said back then:
Our best long-term and intermediate cycles suggest another slowdown and stock crash accelerating between very early 2014 and early 2015, and possibly lasting well into 2015 or even 2016. The worst economic trends due to demographics will hit between 2014 and 2019. The U.S. economy is likely to suffer a minor or major crash by early 2015 and another between late 2017 and late 2019 or early 2020 at the latest.
So yeah, sometime between like 2014 and 2020 there is going to be a crash and it will probably be around 2014 or 2015, but maybe 2017…
Well-known financial analyst, and guest on mainstream media now and then, Marc Faber predicts economic collapse for 2015. But then again he did that in 2014, as well. Lindsey Williams, a man who claims to be the mouthpiece of an individual who is a part of the global elite, put out an alert via e-mail. He said similar in 2014. And 2013. And in 2012.
Jim Willie, gold and silver blogger, foresees an economic collapse in 2015. He saw it in 2014 as well. Martin Armstrong foresees an October collapse of all governments. Christian Jonathan Cahn does not only foresee economic collapse, but also a Christian Holocaust.
With global markets now correcting, some in the financial blogosphere are celebrating their correct predictions. The renowned financial blog ZeroHedge wonders itself if “The Seven Year Glitch” is upon us.
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