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Governments Worldwide Will Crash the First Week of October … According to 2 Financial Forecasters

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Governments Worldwide Will Crash the First Week of October … According to 2 Financial Forecasters

Submitted by George Washington on 07/19/2015 23:49 -0400

http://www.zerohedge.com/news/2015-07-19/governments-worldwide-will-crash-first-week-october-%E2%80%A6-according-2-financial-forecast

Read the rest of the article in the link above.

Update: Please see correction at the end.

Two well-known financial forecasters claim that virtually all governments worldwide will be hit with a gigantic economic crisis in the first week of October 2015.

Martin Armstrong is a controversial market analyst who correctly predicted the 1987 crash, the top of the Japanese market, and many other market events … more or less to the day.   Many market timers think that Armstrong is one of the very best.

(On the other hand, he was jailed for 11 years on allegations of contempt, fraud and an alleged Ponzi scheme. Armstrong’s supporters say the government jailed him on trumped-up charges as a way to try to pressure him into handing over his forecasting program).

Armstrong has predicted for years that governments worldwide would melt down in a crisis of insolvency and lack of trust starting this October. Specifically, Armstrong predicts that a major cycle will turn on October 1, 2015, shifting investors’ trust from the public sector and governments to the private sector.  (Armstrong is not saying that a crash will occur on October 1st ... but that it will be a major turning point which sets us up for a crash within a couple of months)

Unlike other bears who predict that the stock market is about to collapse, Armstrong predicts that huge sums of capital will flow from bonds and the Euro into American stocks.  So he predicts a huge bull market in U.S. stocks.

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According to Armstrong's Economic Confidence Model, ECM, 2015.75 will be the leg down that really gets the economic crash started in earnest.  This next leg down is going to be really wicked but is only a part of the build up to 2032.95. By then what's left of the world as we know it, both economically and politically, will have come crashing down.  From the ashes the survivors will build a new and better way.  The old system based upon financial greed and the lust for power will give way to a new age of human friendly governance.  Unfortunately there will be much suffering along the way as the old power structure cracks down on humanity in a failed attempt to maintain power within it's grasp.

The suffering in Greece will continue unabated. The banker's solution to the Greek debt problem is to saddle them with more debt.  Greece can never repay under current conditions yet the bankers can profit short term by imposing austerity upon the people while strip mining assets for pennies on the dollar.  One by one, nation after nation will fall as 2032.95 approaches. 

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Which is more stable....currency backed by gold or currency backed by a printing press tied to debt?

We'll soon find out and probably won't have to wait until October.

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The one with the gold makes the rules and breaks them quite regularly.

This is completely backwards from our Wealth of Nations that spawned about the time this country was formed. 

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Everything is artificial now. It doesn't matter if you're a capitalist or communist, people in "developed" countries go along with the house of cards built by the banksters. The elites don't care if billions of humans lose their possssions or their lives. 

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Right, we need the World Bank to build that bridge between two communities because we can't trust either one of them with the money to build it. 

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The banks will stop the money supply so that they can cause us to kiss their ass, when nobody can do anything anymore.  Of course, they charge money on interest for money they don't even have.  Must be a nice way to finance all of those mansions.  Of course, the economy would be a lot better off if these criminals would quit stealing from us.  

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