Worst stock market crash ever coming – Max Keiser on Black Monday’s 30th anniversary
Oct 20, 2017
FILE PHOTO: View of the floor of the New-York Stock Exchange where the Dow Jones dropped over 500 points, 19 October 1987 © Maria Bastone / AFP
Thirty years ago Wall Street slid into the abyss, suffering the biggest one-day market fall of over 22 percent. Since then the Dow Jones has risen from 1,738 points to an all-time high of over 23,000, raising fears another historic crash is on the cards.
RT talked to Keiser Report host Max Keiser about the root causes of the 1987 crash and the possibilities of another market meltdown.
Today’s stock market has parallels to the 1987 market, said Keiser, adding that “valuations are at historic highs.”
“The Fed (and central bank counterparts) are pumping money, and sentiment is wildly bullish.”
Analysts have been warning recent stock market moves look eerily similar to just before 1987’s ‘Black Monday.’ Investors also raised concerns steep valuations might mean a correction is overdue.
On October 19, 1987, stock markets around the world crashed, shedding billions in value very quickly. The crash began in Hong Kong and spread to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average which comprises the 30 largest US publicly traded companies, lost 22.6 percent of its value that day.
Keiser says to understand what happened with the market we have to recall the global financial crisis of 2008.
According to him, “unprecedented amounts, over $20 trillion in cash, was printed and thrown at Wall St. creditors to repair their technically insolvent balance sheets.”
“There was no reform or attempt to reign in the crooked behavior of bankers at all. In turn, they interpreted this as a ‘green light’ to keep doing what they had been doing that led to the crash; namely, engage in extreme, reckless borrowing to speculate.”
A former stockbroker, Keiser said that now in 2017, the debt pyramid has never been higher. “Just one indicator of this would be the sovereign bond market in the US and UK that are trading at multi-hundred-year highs thanks to the Ponzi-economics of central bank debt monetization (printing money and buying back their own debt).”
Talking about the risks of another Black Monday equities crash, Keiser said it is impossible to say exactly when “this truckload of market risk explodes but it’s 100 percent guaranteed and will be by far the biggest loss of wealth ever recorded.”
He added that “countries like Russia are smart to be loading into Gold and initiating crypto strategies ahead of the ‘bond-pocalypse’ and equity inferno.”
Individual investors should be doing the same, Keiser said.
Related:
Looming Catastrophe Hanging Over Our Heads – Paul Craig Roberts
Oct 18, 2017 by Greg Hunter
Former Assistant Treasury Secretary in the Reagan Administration, Dr. Paul Craig Roberts, says the record highs you see in the stock markets are based on “phony profits” that come from global central banks “propping up” the financial system. Roberts says, “Any of these central banks are really only there for a handful of big banks. That’s all they are concerned with. All the Federal Reserve has been concerned with for the last decade is the welfare of a handful of mega banks. Of course, the banks are too large. They should have never been allowed to get that large. When you have a bank too big to fail, then your policy has failed. You’ve allowed too much concentration. Where is anti-trust? Where is the Sherman Act? Everything that was legislated in the past to prevent the kind of looming catastrophe that is hanging over our heads, this looming catastrophe is produced by central banks. They are perpetuating it because they don’t know how to get out of it.”
Read more: https://usawatchdog.com/looming-catastrophe-hanging-over-our-heads-paul-craig-roberts/
Source: http://tapnewswire.com/2017/10/worst-stock-market-crash-ever-coming-max-keiser-on-black-mondays-30th-anniversary/
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Whistler Blowers, Insiders
Here we go again. So, you’re all exercised over a market crash, like everyday, for years now? Sure, that wouldn’t be pretty, but have you once looked into something that is actually bone chilling and must see?
There are people here beside themselves over Weinstein, one creep. Or the corruption of has beens like the Clintons. And as if not to mention worthless theories and fables that claim some apocalyptic connection that doesn’t even exist? Those of you in a lather over such things, what do you do, personally, if you have a real problem, like, in fact, you have, staring down your throat? There’s a Bible verse that describes a situation where you’re all exercised over a whole lot to do about nothing, yet not concerned with an elephant in the room.
Matthew 23:24 Blind guides, who strain out a gnat and swallow a camel!
BIN is filled with false prophecy, fraudulent articles that have no nexus with any theological reality, which can be disproved by scripture or simply do not exist, the inventions of corrupt, evil men and women most always trying to make money from you, Matthew 6:24, 2 Peter 2:3. Yet here is a study that focuses on scripture eschatological (end times, day of the Lord) prophecy in great depth, by a scholar, and, to you of faith, it does point out the barrel of the gun the nation is staring down that will come to pass, events that will be set in motion, beginning the second Almighty God has determined He will, again, intervene in history.
Below is not my video, nor am I in any way personally affiliated with this YouTube channel, would never push clickbait or lie to people seeking knowledge and truth, and the publisher would not know me from Adam. I have no agenda to get anything whatsoever from you. Okay? If you have some time on your hands, at some point, this is eye opening and well worth sticking with, a lecture from a true scholar of the Bible. Unlike most everything else here, this is not phony baloney.
Those of you who would deny your time of visitation, that America is not Mystery Babylon, I would point out to you it makes no difference the name of a nation that is wearing the shoes that perfectly fit the Lord’s complaints: scripture is a template for what unchanging, immutable God allows and will not allow, and how He will judge any nation of characteristics America has very, very much fallen into. You can’t say that, since your name isn’t Sodom, you can be like Sodom and get a pass on it. The lesson of Sodom and Gomorrah is to all, through all time. Those of you who would deny your culpability are even perfectly fulfilling Revelation 18:7 in your denial, as well as a number of other same prophetic references of the Old Testament, where the proud and haughty nation is called out, and where its fate is plainly mapped out. Even history tells you that, the higher they rise, the harder they fall, and God hates the proud, Proverbs 6:16. You’d also do well to look at Proverbs 6:12-19, from your citadel of lies and liars here.
You need to start looking at the elephant in the room for a change, and not all the phony baloney, as the glass is far more empty, the time much later than you may believe. Judgment is coming, and the time is now for you to wakeup and repent.
https://www.youtube.com/watch?v=RoiHuNaEIjs
Revelation 18
1 After these things I saw another angel coming down from heaven, having great authority, and the earth was illuminated with his glory.
2 And he cried mightily with a loud voice, saying, “Babylon the great is fallen, is fallen, and has become a dwelling place of demons, a prison for every foul spirit, and a cage for every unclean and hated bird!
3 For all the nations have drunk of the wine of the wrath of her fornication, the kings of the earth have committed fornication with her, and the merchants of the earth have become rich through the abundance of her luxury.”
4 And I heard another voice from heaven saying, “Come out of her, my people, lest you share in her sins, and lest you receive of her plagues.
5 For her sins have reached to heaven, and God has remembered her iniquities.
6 Render to her just as she rendered to you, and repay her double according to her works; in the cup which she has mixed, mix double for her.
7 In the measure that she glorified herself and lived luxuriously, in the same measure give her torment and sorrow; for she says in her heart, ‘I sit as queen, and am no widow, and will not see sorrow.’
8 Therefore her plagues will come in one day — death and mourning and famine. And she will be utterly burned with fire, for strong is the Lord God who judges her.
9 “The kings of the earth who committed fornication and lived luxuriously with her will weep and lament for her, when they see the smoke of her burning,
10 standing at a distance for fear of her torment, saying, ‘Alas, alas, that great city Babylon, that mighty city! For in one hour your judgment has come.’
11 “And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore:
12 merchandise of gold and silver, precious stones and pearls, fine linen and purple, silk and scarlet, every kind of citron wood, every kind of object of ivory, every kind of object of most precious wood, bronze, iron, and marble;
13 and cinnamon and incense, fragrant oil and frankincense, wine and oil, fine flour and wheat, cattle and sheep, horses and chariots, and bodies and souls of men.
14 The fruit that your soul longed for has gone from you, and all the things which are rich and splendid have gone from you, and you shall find them no more at all.
15 The merchants of these things, who became rich by her, will stand at a distance for fear of her torment, weeping and wailing,
16 and saying, ‘Alas, alas, that great city that was clothed in fine linen, purple, and scarlet, and adorned with gold and precious stones and pearls!
17 For in one hour such great riches came to nothing.’ Every shipmaster, all who travel by ship, sailors, and as many as trade on the sea, stood at a distance
18 and cried out when they saw the smoke of her burning, saying, ‘What is like this great city?’
19 “They threw dust on their heads and cried out, weeping and wailing, and saying, ‘Alas, alas, that great city, in which all who had ships on the sea became rich by her wealth! For in one hour she is made desolate.’
20 “Rejoice over her, O heaven, and you holy apostles and prophets, for God has avenged you on her!”
21 Then a mighty angel took up a stone like a great millstone and threw it into the sea, saying, “Thus with violence the great city Babylon shall be thrown down, and shall not be found anymore.
22 The sound of harpists, musicians, flutists, and trumpeters shall not be heard in you anymore. No craftsman of any craft shall be found in you anymore, and the sound of a millstone shall not be heard in you anymore.
23 The light of a lamp shall not shine in you anymore, and the voice of bridegroom and bride shall not be heard in you anymore. For your merchants were the great men of the earth, for by your sorcery all the nations were deceived.
24 And in her was found the blood of prophets and saints, and of all who were slain on the earth.”
what about last time something like this got posted?
and the time before that
and the time before that
and the time before that
dont you ever get tired of being wrong all the time?
This is very true. But it’s the 100% failure rate of BIN predictions that generates the ongoing, fevered interest in the latest bone chilling revelations upon us. As always, this also makes sense to me.
In the same vein, if you even see anybody on BIN say the sun rises in the East, you better get outside and check. Guaranteed, it will rise in the West, but it will be too late to scoop that on BIN. Now, they will pickup on the story some days or years later, copy and paste it from the evil, fake news MSM, add that geoengineering Zionist Bigfeets are monkeying with the sun, or Illuminati flipped the solar system upside down, with a hand held HAARP device, then proceed to give you some commentary in a must see, monetized YouTube video, otherwise called proof on BIN. At least this is something you can take to the bank, but you’ll only get it in the comments section.