Since March the US Dow is down 6.3%, the ASX 200 by 11.5%, and in just two months China’s CSI 300 – down 29%! These falls are bad. But, Kris Sayce (The Daily Reckoning) writes they are only the beginning.
I flick through the The Daily Reckoning articles every now and then. (I heard about them as they are only based only a few blocks from me.) They claim that when the founder (Bill Bonner) started The Daily Reckoning, it was the world’s first financial blog – designed to guide investors with unique, useful and contrarian investments. But one article has caught my attention.
Yesterday, contributing writer, Sayce, wrote an article – “This is your Four Minute Warning“, and that in the next 24 days the US Federal Reserve is set to engineer a worldwide stock market crash. (Of course he suggests how to counter this.) He writes:
“I believe the Fed is quietly engineering a worldwide stock market crash as early as 16 September in order to JUSTIFY their next move.” (“to restart the QE3 money printing program at the October meeting.”)
I’m sure Sayce has not heard of Jade Helm – or that it ends on the 15th September. And I don’t imagine he has followed the Shemitah 7 years cycle as explained in this video by Jeff Berwick (with it’s highly irritating music track), or the “7″ Message in a speech by Christine Lagarde of the IMF.
For most of the time we seem to live in two alternative realities. But with regard to a pending financial “event” – the alternative and mainstream voices are starting to merge.