By Amanda Diaz. David Stockman has long warned that the stock market is on the verge of a massive collapse, and the recent price action has him even more convinced than ever that the bottom is about to fall out.
“I think it’s pretty obvious that the top is in,” the Reagan administration’s OMB director said Thursday on CNBC’s “Futures Now.” The S&P 500 has traded in a historically narrow range for the better part of 2015, having moved just 1 percent higher year to date. “It’s just waiting for the knee-jerk bulls, robo traders and dip buyers to finally capitulate.”
Stockman, whose past claims have yet to come to fruition, still believes that the excessive monetary policy from central banks around the world has created a “debt supernova,” and all the signs point to “the end of the central bank enabled bubble,” which could cause a worldwide recession. (Read more from “Stocks Are a Disaster Waiting to Happen” HERE)
Everybody Preparing for a ‘September Event’ That Coincides With Shemitah
By J. D. Heyes. [A]s September approaches, some are warning of a … provable threat – one rooted in the Jewish religion and in history – called the Shemitah Year, a 3,000-year-old mystery that is remains part of the Jewish faith.
What is the Shemitah? It is the “Sabbath year,” which is also known as the sabbatical or sheviit; the seventh year of a seven-year agricultural cycle mandated by the Torah, Judaism’s religious guidance, for the Land of Israel. . .
While that may not seem important to most Americans, InvestmentWatchBlog provided further evidence that the “seventh year” is again upon us:
Rabbi Johnathan Cahn noted that the Shmitah in 2001 caused the stock market collapse at the end of September, and then in 2008 the Shmitah also caused the economy trouble. The next Shmitah happens to be at the end of the 29th day of Elul this September. . .
Carl Gallups, pastor of Florida-based Hickory Hammock Baptist Church, host of a Christian radio show and author of “Final Warning: Understanding the Trumpet Days of Revelation,” agrees that time is growing short. . .
There can be no doubt that there is an amazing convergence of end-time prophecies occurring right before our eyes,” he told the news site. “Think of where we are in history – Israel is back in its land – a 2,500-year-old prophecy fulfillment – Jerusalem is in the hands of Israel, the nations of the world are rallying against Israel, including the U.S., and Israel is now literally surrounded by Islamic enemies who are publicly calling for the complete destruction of the Jewish state.
(Read more from “Everybody Preparing for a ‘September Event’ That Coincides With Shemitah” HERE)