The eastern world, it is exploding/ Violence flarin', bullets loadin'/ You're old enough to kill, but not for votin'/ You don't believe in war, but what's that gun you're totin'/ And even the Jordan River has bodies floatin'
But you tell me/ Over and over and over again, my friend/ Ah, you don't believe/ We're on the eve of destruction”
--Barry McQuire , “Eve Of Destruction”, July 1965
Happy miserable New Year 20I6, folks. It's difficult not to be very pessimistic about the prospects for our world as we know it.
To start off on our voyage to the bottom of any remaining hope for Western civilization, North Korea recently claimed it detonated its first-ever hydrogen bomb.
The Obama White House expressed skepticism, but South Korean seismographs did indeed record a 5.1 magnitude "quake" centered in North Korea that same night – matching the results recorded during North Korea’s last nuclear test in 2013.
But that’s not all the bad news from South Asia.
China’s yuan currency suffered yet another sharp devaluation overnight. Moreover, in the "offshore" (European & North American) currency market, it dropped more than twice as much.
In turn, this signals that the Chinese economy is in even worse shape than even diehard “Peking pessimists” expected.
But is it really possible that the equivalent of global Armageddon, in world-wide stock markets, is approaching soon -- our eve of destruction?
Well, yes, I think so
And if you’re doubtful, the Telegraph reports on the kind of destructive market phenomena which could become commonplace in the future -- massive price meltdowns which sap the will of all participants.
If I’m proven correct -- and I speak as a veteran investment columnist -- these events will then destroy the savings and livelihoods of millions of unprepared investors globally.
For many months now, I’ve been predicting that global stock markets are going to be clobbered as early as spring of this year, as the “Fed” is forced to raise interest rates (ending “monetary easing", as economists call it).
And based on my research on historical stock-market & economic cycles, I do eventually expect we'll then witness a global economic crash of significant proportions -- one that raises the costs of living, particularly in America, leading to declining incomes and soaring tax burdens for most U.S. residents.
Given what's happened during previous economic implosions like this one, we could also expect a possible rise in anti-government sentiments, expressed in extremist movements on the political left and right, and perhaps even protests, riots and looting.
In turn, this is a recipe for social anarchy, and consequently the inevitable “push back” by an increasingly authoritarian government, using the IRS and other "justice" agencies to intimidate political opponents.
In other words: a world in which President Richard Nixon of Watergate fame would have felt quite comfortable.
Consequently, I believe that Global Armageddon could indeed be a fact of life in a matter of a few years.
And if I’m proven wrong, I will be most happy to eat humble pie.
But just a reminder that my unfailing theme recently – in my Twitter investment “posts” – has been that a massive stock market crash is inevitably coming in the United States.
And that’s despite all the great profits currently enjoyed by today’s reality-denying U.S. stock-market investors --profits only due to the Fed's continued “artificial” low-interest-rate policies (commonly referred to as quantitative easing).
Hence, when the Fed finally puts the brakes on quantitative easing, I believe that global stock markets will crash.
Hyperinflation will wipe out the savings of everyone but greedy crony capitalists like George Soros, whose generous contributions to the Democratic Party have ensured his prosperity.
In other words: Income inequality will finally come to America, introduced by Barack Obama and other radical Democrats (who'd claimed to be ending it.)
In turn, this development will represent impoverishment for all Americans, except the privileged and spoiled (liberal) elitists who inflicted these failed economic policies on us.
And as I've said before: There is only one political solution to this dismal politically-created economic status quo, with its sub-par 2.2% annual GDP growth and repeated trillion dollar deficits:
In the 2016 elections, Americans must permanently vote out all the Democrat-Party bums who created this economic disaster!
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