By Michael Snyder
Will 2015 be a year of financial crashes, economic chaos and the start of the next great worldwide depression?
Over the past couple of years, we have all watched as global financial bubbles have gotten larger and larger. Despite predictions that they could burst at any time, they have just continued to expand. But just like we witnessed in 2001 and 2008, all financial bubbles come to an end at some point, and when they do implode the pain can be extreme.
Personally, I am entirely convinced that the financial markets are more primed for a financial collapse now than they have been at any other time since the last crisis happened nearly seven years ago. And I am certainly not alone. At this point, the warning cries have become a deafening roar as a whole host of prominent voices have stepped forward to sound the alarm.
The following are 11 predictions of economic disaster in 2015 from top experts all over the globe…
#1 Bill Fleckenstein: “They are trying to make the stock market go up and drag the economy along with it. It’s not going to work. There’s going to be a big accident. When people realize that it’s all a charade, the dollar will tank, the stock market will tank, and hopefully bond markets will tank. Gold will rally in that period of time because it’s done what it’s done because people have assumed complete infallibility on the part of the central bankers.”
#2 John Ficenec: “In the US, Professor Robert Shiller’s cyclically adjusted price earnings ratio – or Shiller CAPE – for the S&P 500 is currently at 27.2, some 64pc above the historic average of 16.6. On only three occasions since 1882 has it been higher – in 1929, 2000 and 2007.”
#3 Ambrose Evans-Pritchard, one of the most respected economic journalists on the entire planet: “The eurozone will be in deflation by February, forlornly trying to ignite its damp wood by rubbing stones. Real interest rates will ratchet higher. The debt load will continue to rise at a faster pace than nominal GDP across Club Med. The region will sink deeper into a compound interest trap.”
#4 The Jerome Levy Forecasting Center, which correctly predicted the bursting of the subprime mortgage bubble in 2007: “Clearly the direction of most of the recent global economic news suggests movement toward a 2015 downturn.”
#5 Paul Craig Roberts: “At any time the Western house of cards could collapse. It (the financial system) is a house of cards. There are no economic fundamentals that support stock prices — the Dow Jones. There are no economic fundamentals that support the strong dollar…”
#6 David Tice: “I have the same kind of feel in ’98 and ’99; also ’05 and ’06. This is going to end badly. I have every confidence in the world.”
#7 Liz Capo McCormick and Susanne Walker: “Get ready for a disastrous year for U.S. government bonds. That’s the message forecasters on Wall Street are sending.”
#8 Phoenix Capital Research: “Just about everything will be hit as well. Most of the ‘recovery’ of the last five years has been fueled by cheap borrowed Dollars. Now that the US Dollar has broken out of a multi-year range, you’re going to see more and more ‘risk assets’ (read: projects or investments fueled by borrowed Dollars) blow up. Oil is just the beginning, not a standalone story.
If things really pick up steam, there’s over $9 TRILLION worth of potential explosions waiting in the wings. Imagine if the entire economies of both Germany and Japan exploded and you’ve got a decent idea of the size of the potential impact on the financial system.”
#9 Rob Kirby: “What this breakdown in the crude oil price is going to spawn another financial crisis. It will be tied to the junk debt that has been issued to finance the shale oil plays in North America. It is reported to be in the area of half a trillion dollars worth of junk debt that is held largely on the books of large financial institutions in the western world. When these bonds start to fail, they will jeopardize the future of these financial institutions. I do believe that will be the signal for the Fed to come riding to the rescue with QE4. I also think QE4 is likely going to be accompanied by bank bail-ins because we all know all western world countries have adopted bail-in legislation in their most recent budgets. The financial elites are engineering the excuse for their next round of money printing . . . and they will be confiscating money out of savings accounts and pension accounts. That’s what I think is coming in the very near future.”
#10 John Ing: “The 2008 collapse was just a dress rehearsal compared to what the world is going to face this time around. This time we have governments which are even more highly leveraged than the private sector was. So this time the collapse will be on a scale that is many magnitudes greater than what the world witnessed in 2008.”
#11 Gerald Celente: “What does the word confidence mean? Break it down. In this case confidence = con men and con game. That’s all it is. So people will lose confidence in the con men because they have already shown their cards. It’s a Ponzi scheme. So the con game is running out and they don’t have any more cards to play.
What are they going to do? They can’t raise interest rates. We saw what happened in the beginning of December when the equity markets started to unravel. So it will be a loss of confidence in the con game and the con game is soon coming to an end. That is when you are going to see panic on Wall Street and around the world.”
If you have been following my website, you know that I have been pointing to 2015 for quite some time now.
For example, in my article entitled “The Seven Year Cycle Of Economic Crashes That Everyone Is Talking About“, I discussed the pattern of financial crashes that we have witnessed every seven years that goes all the way back to the Great Depression. The last two major stock market crashes began in 2001 and 2008, and now here we are seven years later.
Will the same pattern hold up once again?
In addition, there are many other economic cycles that seem to indicate that we are due for a major economic downturn. I discussed quite a few of these theories in my article entitled “If Economic Cycle Theorists Are Correct, 2015 To 2020 Will Be Pure Hell For The United States“.
But just like in 2000 and 2007, there are a whole host of doubters that are fully convinced that the party can continue indefinitely. Even though our economic fundamentals continue to get worse, our debt levels continue to grow and every objective measurement shows that Wall Street is more reckless and more vulnerable to collapse than ever before, they mock the idea that a financial collapse is imminent.
So let’s see what happens in 2015.
I have a feeling that it is going to be an extremely “interesting” year.
This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here.
How is Martin Armstrong not mentioned here? He’s been talking about 2015 for 30 years.
Anyone ever notice that the economic downturn, comes every 7 years? It’s biblical!! Every 7 years a country gets worse in worse in SIN, the next 7 year mark gets worse economically. 2001-2008 (7 years) 2008-2015 (7 years). (Go 7 years back from 2001 if you like) So with all the homosexual marriages gaining a big foothold in this country? You can be sure that God’s anger is coming to a boil. Pestilences (the flu, and other diseases), Earthquakes, Rumors of wars, etc. It’s all a wake up call. So how many websites authors and commentors are worried about about the economy in 2015? Lots, besides acivistpost. I keep them all in my Economy folder online. I have secular and biblical sites. It’s gonna be a hard ride this year folks, buckle up, or let’s have a revival!
So God is mad at homosexuals getting married and therefore unleashing his wrath on the financial markets worldwide? Makes perfect sense…
Indeed it does.
But only to those with ears to hear, which in the present age, is remarkably few.
“If My people, which are called by My Name, shall humble themselves, and pray, and seek My face, and turn from their wicked ways, then will I hear from heaven, and will forgive their sin, and will heal their land”.
The Children of Israel were led away into captivity by Nebuchadnezzar in the 6th century BC. Their brethren in the lands of Judah were utterly smashed by the Romans in 70 AD.
They ceased to exist as a people.
Those who dwell in that place today are impostors; children not of Shem, but of Japheth.
Genesis 10, 3 reveals the truth about the Ashkenazim.
I think that the Lord is mad about many things.
God already knew what was going to happen, so no he isn’t mad or surprised- you don’t surprise God, but you can glorify him by doing the right thing.
It is people who are destroying themselves- not God. He leaves us to our choices and our destiny as a result.
I don’t blame God for the corrupt evil in the world, so I won’t blame him when man destroys it.
Yes, he said he created all things good and evil, but he left it up to us to decide which side we want to be on- that is our decision.
The only problem is, the good must suffer what the evil does. But it can make one stronger if you let it.
You may not agree and that is ok.
I’m not going to touch the gay thing. If God finds that wrong, it will be between him and the gays. I was taught to love all people. Not what they do, but to love them as a soul, so without judgement that is what I try and do.
Satan is here and confusing people with things such as different sects of christianity, and making them mad at God, so they’ll turn toward him. If you don’t believe he (satan) is here on earth..look at these:
Revelation 12:9
So the great dragon was cast out, that serpent of old, called the Devil and Satan, who deceives the whole WORLD; he was cast to the EARTH, and his angels were cast out with him.
Revelation 12:l2
Therefore rejoice, ye heavens, and ye that dwell in them. Woe to the inhabiters of the earth and of the sea! For the devil is come down unto you, having great wrath, because he knoweth that he hath but a short time.”
Your right…everyone has a choice…Hate God (because that’s exactly what satan wants), or love satan…..your choice
Where did I say I don’t believe satan is on earth? Evil is satan- satan is evil- known as an “adversary”. Depends on which of the 100’s of different bibles you choose from.
You explain the peoples only choice is to hate God- that is very pessimistic and one sided! There are millions of people who have chosen to believe in God and follow the best they know how, his word.
Many will become believers in an instant and maybe more so than many who “think” they are believers.
And do not fool yourself- believers will also be judged. It is written “even more so”. Look that up.
It is written it is “Gods will that all man be saved” . If you believe Gods words, then you must know his will is always done!
“These things must all come to pass”.
If you do live with God, you have nothing to fear- it is all in his hands and he knows your heart and (as Jesus said) if you can stand naked before him with no shame, then you are fine.
Of course things will go to pot eventually. The problem is that the PTB control the rules by which we play the game. Whenever one of the rules becomes detrimental to their winning, they change it. I always laugh when someone makes a prediction because one thing you can plan on with 90% certainty is that he is wrong.
Time for TPTB to pay the piper
Time for the Powers That Be to pay the piper with what, Junktex? Even if the upper .1% dug into their own piggy banks they’d still be paying in the standard coin of the realm: OUR Blood, Tears, Toil and Sweat, previously swindled and robbed from us at ultimate gunpoint. But They don’t operate that way–They already have those resources tucked safely away.
Why do think They tell us We The People are $18 trillion in debt? Why are we told, well, but WE “voted” for this?
The PTB aren’t planning on paying a thing for the next “surprise” collapse. They’ve engineered it. You will pay for it, your kids will pay for it, their kids will pay for it, and their kids, if there are any left. In Blood, Tears, Toil, and Sweat.
Certainly not Them.
You’re right,obviously.Just wishing out loud.
Well, sir or madam, you know what they say: Wish in one hand…yadda yadda… see which one fills up first.
If there is much more manipulation of the algorithm controlling the Federal Consumer Price Index (what they call the official CPI), maybe “wishes” will balance “bodily output.”
This becomes a zero sum game when the (human-consumed) cat and dog food runs out (this would be after you’ve “served” Felix and Fido to your family, which will be long before the Armani-suited government ever admits they’ve been jiggering the actual unemployment report, the CPI, and the true inflation numbers for years, for political advantage [certainly within our closed two-party system, but more importantly] putting it over on us jointly: NEITHER PARTY EVER ABANDONS AN ADVANTAGE THE OTHER GAINED OVER US PREVIOUSLY, NO MATTER THEIR CAMPAIGN PROMISES, NO MATTER FOR WHOM WE VOTE; They work “of, by, and for” the System Owners, who pay them a portion of our efforts and endeavors…and keep the rest to themselves.).
The question is: Who ARE the System Owners. Not Bill Gates or Warren Buffett, or Barack Obama, or most Big Money/Big Political names you see in the MSM. They’re merely well-paid to keep things under control.
Get Out The Vote!… Yeah, and the hits just keep on coming, and the ratchet just keeps on tightening.
Hmm.
The title of this article reminds me of Yogi Berra’s famous quote: “It’s tough making predictions, especially about the future.”
I can’t wait for this corrupt, deviant, narcissistic country to crash and burn. It’s time for judgment.
The 7 year tribulation will be here soon enough…just waiting on the 7 year peace contract between Israelis and Palestinians.
the bankers have been doing these things like 3 or 4 hundred years now. just variations of the exact same thing. they have been dumbing down the folks for decades now and have done a nice job so explain it how you want to but facts are still facts. i think they have convinced us of there power and most folks actually envy them need i say more?