Across the vast expanse of the internet, everyone from professional economists to armchair theorists are sounding the alarm that next month may hold some ugly surprises for the global economy.
Despite exorbitant executive salaries, record earnings on Wall Street and a surging dollar, an increasing number of forecasters are warning the feel-good data is severely skewered - a bit like a new coat of paint that used-car dealerships use to conceal the fact that a car's engine is shot. Indeed, many experts are giving the rickety US-made jalopy just months before the big collapse begins.
Gerald Celente, the founder of Trends Research, who predicted the “panic of 2008,” says the economic earthquake will send reverberations around the world.
“You’re going to see a global stock market crash,” Celente told King World News. “There’s going to be panic on the streets from Wall Street to Shanghai, to the UK down to Brazil.”
“You’re going to see one market after another begin to collapse.”
Doug Casey, a successful investor and the head of Casey Research, saw little to be upbeat about in the current economic climate.
"With these stupid governments printing trillions and trillions of new currency units," Casey, describing the US Federal Reserve’s quantitative easing program, told Reason magazine in a recent interview, “it's building up to a catastrophe of historic proportions."
And he certainly does not advise keeping much money in any financial institution.
"Most of the banks in the world are bankrupt," he said.
In a recent conversation between senior analyst Larry Edelson and Mike Burnick, the Research Director for Weiss Research, Edelson made a stunning prediction, even providing an exact date for what he predicts will be a “rollercoaster ride through hell.”
“On October 7, 2015, the first economic super cycle since 1929 will trigger a global financial crisis of epic proportions. It will bring Europe, Japan and the United States to their knees, sending nearly one billion human beings on a roller-coaster ride through hell for the next five years. A ride like no generation has ever seen. I am 100 percent confident it will hit within the next few months.”
And there are dozens of other such apocalyptic predictions on the health of the global economy that it leaves one feeling dizzy and desperate - something like watching an approaching tidal wave in the full knowledge there is no hope of outrunning it.
