Next Crash Worse than 1929 & 2008 Combined
Prophecy Sign: The coming global economic collapseWith European banks starting to crumble, national debt levels at astronomical levels and some week national economies approaching collapse, things aren't looking too rosy on the global economic front. Hence the warnings of a fast approaching global crash that would make 1929 look pale in comparison. We keep warning that a global economic crash will precede the implementation of the New Economic World Order of the future Antichrist. All the dominoes are ready to fall.
Wail, you who live in the market district; all your merchants will be wiped out, all who trade with silver will be destroyed. Zephaniah NIV
Next Crash Worse than 1929 & 2008 Combined-Michael Pento
Money manager Michael Pento says the next crash will be one for the record books. Pento contends, “If you look at any of the economic data coming out, it screams recession. It will be one of the worst recessions since 2008 and 1929—combined.” This is a description of a global depression. Pento contends, “Unfortunately, I think that’s exactly where we are headed. It’s not my opinion. It’s not a Cassandra. It’s not my view. It’s the entire view of all global markets. China is 45% down. There’s a bear market in Europe. There’s a bear market in Japan. There is a bear market in most of the United States.”
The world is already in recession and we could be nearing a global stock market crash on par with 1987. At least, that’s according to renowned analyst Marc Faber. In an interview with CNBC on Monday, the publisher of the Gloom, Boom & Doom Report reiterated his call for a global stock market crash in the coming months. The entire world, in Faber’s view, is on the verge economic collapse. “[The market] will remain very volatile because interventions with fiscal and monetary policies, instead of lowering volatility they postpone it, and then it explodes,” Faber told the Fast Money panel.
EU on brink: Germany's biggest bank records shock losses risking economic RUIN of EurozoneGermany could force the European Union into ruin after Deutsche Bank's share price plunged following the country's biggest lender's first annual loss since the financial crisis. The German lender posted a full year loss of £5.1 billion (€6.8bn) on Thursday - higher than the expected €6.7bn million. With losses of €2.1bn in the fourth quarter of 2015-16, fears of the entire eurozone toppling are becoming an increasing reality.
EU on brink of 'terrifying crisis' Five of Europe's big banks are in danger, warns expert
Some of Europe's biggest banks are on the brink for a crisis that echoes the 2008 meltdown, a finance expert warned today, as fears over the global economy escalate. Deutsche Bank, Credit Suisse, Santander, Barclays and RBS are among the stocks that are falling sharply sending shockwaves through the financial world, according to former hedge fund manager and ex Goldman Sachs employee Raoul Pal.
National Debt Surpasses $19 Trillion for First Time in U.S. History
Venezuela is on the brink of a complete economic collapse