Are we About to Witness a Financial Catastrophe of Historic Proportions?

By Dr. John L. Reizer

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The readers of this blog know that I have written previous articles about problems associated with the global financial system. Readers here also know that things are not well with the economies of many countries. The mainstream news has covered, most recently, problems taking place in Greece and other European locations. Is it possible that we are about to witness a financial catastrophe of historic proportions?

As of this writing, the Chinese economy is turning uglier by the day, oil prices are plunging worldwide, commodities are in trouble, many banks in the world are in serious trouble, and the world’s stock markets are pretty much overvalued.

According to an interview with Gerald Celente, the top trends forecaster in the world, a global stock market collapse will take place before the end of 2015. Mr. Celente says,  “I’m now predicting that we are going to see a global stock market crash before the end of the year. It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei. There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil. You are going to see one market after another begin to collapse.” To listen to the Celente interview, click here!

What do you think about this subject?