Two economic experts, Martin Armstrong and Edelson, have predicted that governments worldwide will face an enormous financial crisis during the first week of October 2015.
They say that the biggest financial crash in world history will begin on October 7 2015, which will also be the time the European Union breaks up.
Washingtonsblog.com reports:
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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.
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.
Edelson is another long-time student of cycle theory. Edelson – a big fan Armstrong – has also studied decades of data from the Foundation for the Study of Cycles.
Edelson is predicting the biggest financial crisis in world history – including a collapse of government solvency – starting on October 7, 2015 – the same week as Armstrong’s prediction – when the European Union breaks up.
Edelson also thinks that huge sums of investment will flow from the Eurozone to America, driving up U.S. stocks (unlike Armstrong, Edelson thinks U.S. bonds will also benefit). He thinks that Japan will be the next domino to fall … and that Japan’s default will also drive investments into the U.S. as a safe haven.
In other words, both Armstrong and Edelson think that – as the best looking horse in the glue factory – the U.S. stock market will skyrocket as others fall apart.
But to be clear, both believe that the domino collapse will eventually hit the U.S., and America will end up defaulting on its debts – and falling into financial crisis – as well.
Are Armstrong and Edelson right or wrong?
We don’t have long to wait to test their very public predictions …
