Is a massive market crash imminent?
‘In the financial world, the month of October is synonymous with stock market crashes. So will a massive stock market crash happen this year? You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching. We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage. When that web breaks we are going to see a stock market crash that is going to make 2008 look like a Sunday picnic.
Yes, the Federal Reserve has tried to prevent any problems from erupting in the financial markets by initiating another round of quantitative easing, but 40 billion dollars a month will not be nearly enough to stop the massive collapse that is coming. This will be explained in detail toward the end of the article. Hopefully we will get through October (and the rest of this year) without seeing a stock market collapse, but without a doubt one is coming at some point. Those on the wrong end of the coming crash are going to be absolutely wiped out....’
The above is posted in yolohub.com. Many financial experts are telling of the great danger of the stock market and financial system heading towards a big crash. And all because all the regulators and govts could not do anything to restrain the banks and funds from gambling and turning the whole financial system into a big casino.
Everyone with some knowledge knows how bad the situation is. What should they do about it? Some say, since nothing can be done, just join the fun and wait for the crash. Why is it that no govt is willing to say this is not the way to go, and decides to stay out. Keep clear from the danger and things they don’t understand.
Is there really no option, that govts can only watch and wait for the big collapse and nothing can be done? The least a govt can do is to stop getting dragged into the trap. Don’t participate. The worst thing is to go along, put in the chips as well and engaged the rogue gamblers to design the same system to be part of the dangerous system.
Then say, no choice, must follow the crowd and the rogue gamblers and let them do what they want. Such defeatist attitude is unimaginable. Holy cow, what is happening?