For the last five-years I’ve been watching the United States financial crisis as it grew larger and larger, than slowly faded from the headlines. And while many officials have claimed the ‘worst is over,’ I’m not too sure about that.
USA Today published an article featuring a chart showing the internet bubble, the housing bubble, and an unnamed bubble labeled a ‘stock market bubble.’
While the article doesn’t say there is a stock market bubble occurring in the U.S., it does say, “the Fed’s monetary policies have caused stock prices to soar, doesn’t mean there’s a bubble.” It also says those same monetary policies will likely deflate as part of an overall correction of the market.
Since late 2008, Glenn Beck has been warning us about jus’ such a bubble. I know, I know – you think Beck is a nut-job and fear monger, but in all truth he’s hit the nail on the head more times than most people want to admit.
While still at CNN, he describing what was heading our way:
“Look, you must allow the bubble to burst. I know it means pain. But we didn’t take the pain for the dot.com bubble. We moved that pain. It never goes away. Think of it as a disease. You’ve moved that pain and you just took a painkiller, and all of the disease was pushed into the September 11th housing bubble. So, all of that pain, what they do? They just made money cheaper and cheaper and cheaper so they could get people to buy homes, spend money, go out, rack up your credit card bills…
Now that bubble is much, much bigger. Now we’re facing the collapse of that bubble. And how are we trying to solve the problem? Instead of allowing it to collapse, we are creating a third and I believe, the final bubble. And that is, the money bubble. The pain is going to be much, much worse. Because what you’re designing now, you are un-tethering from every bit of free market system that we have. You are un-tethering from the Constitution. You are cutting the ties to anything that made America America.”
I’m going to stick my neck out and add to his prediction:
The date September 13, 2015 is the next Shemitah year. Known as Elul 29, it happens every seventh year of the Hebrew calendar and is a time when debts are to be forgiven and the land, in the agricultural communities of ancient Israel, was to be given a rest.
Elul 29, 2015 also represents the eve of the Feast of Trumpets or Rosh Hashana at sundown. This begins a period known as “the days of awe,’ which lasts through Yom Kippur a week later and is a period set aside for serious introspection and to consider the sins of the previous year and repent.
Also, an astronomical phenomenon, a blood red moon – or tetrad – is expected to occur that evening. The last one took place in 1967-68, when Jerusalem was reclaimed in the Six Day War and the one before that was in 1949-50, right after Israel became a nation.
The economic calamity associated with the 2001 terror attacks on the World Trade Center began September 17, 2001 when Lehman Brothers, one of the nation’s largest financial firms, collapsed. This date coincides with Elul 29 on the Hebrew calendar.
Likewise, September 29, 2008, marked the next big crash also falling on Elul 29. On that day, stocks skidded with the Dow slumping nearly 778 points, in the biggest single-day point loss ever.
I’m seeing a pattern and hope you see it too and will plan accordingly.