By Susan Duclos
Financial gurus, trends forecasters, stock market experts, hedge fund managers and more are all yelling at the top of their lungs, from rooftops, figuratively, with warnings of the devastating and imminent stock market crash and economic collapse, that will make the 1929 crash seem like a walk in the park.
Top names in the financial industry like Celente, Faber, Schiff, Spitznagel and Buffet are just the tip of the iceberg of the latest examples of these dire warnings.
“The crisis is imminent,” Schiff said. “I don’t think Obama is going to finish his second term without the bottom dropping out. And stock market investors are oblivious to the problems.”
“I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”
This selloff in the emerging markets, with their currencies going down and their interest rates going up, it’s going to be disastrous and there are going to be riots everywhere…
…So as the decline in their economies accelerates, you are going to see the civil unrest intensify.
Those are just samples and in the first video below, by Gregory Mannarino, more is explained about the upcoming stock market “meltdown.”
Cross posted at Before It’s News