Larry Edelson says a financial catastrophe is beginning now and will reach critical mass this fall.
In a recent recorded telephone call, Weiss Senior Analyst Larry Edelson said a financial crisis has just begun that will change everything about how we live, work, save and invest for years to come.
The telephone call was recorded between Larry Edelson and Mike Burnick, the Research Director for Weiss Research. The call sounds like it might be a scripted marketing gimmick to promote their upcoming meetings, but even so I believe his statements are newsworthy because he makes the following claims:
“On October 7, 2015, the first economic supercycle 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% confident it will hit within the next few months.”
He shared some of the above statements in the recorded telephone call and others in an email sent to his subscribers. His statements also confirm what the Lord showed me, which I shared in my previous post, “Warning: Sudden Economic Collapse Coming in 2015.”
I have no vested interest in promoting Weiss Research, but I often agree with their recommendations. They were one of the few financial analysis companies that accurately predicted the 2008 collapse of the housing market. Also, I like the fact their ratings service receives zero compensation from the financial institutions they rate. Amazingly, that is not the case for other ratings agencies.
Author
Strange cause I just read an article released recently from Larry Edelson and in his article now he says the DOW is going to reach 31000 point in two years.
That is strange. I don’t keep up with him, but he definitely said what he said about a crash coming during the next few months. He wrote a long article explaining it called “Convergence.” At that time he said it would last 5 years.
Here is a link to an interview with Larry Edelson. He does appear to be saying 30,000 Dow in phases 2 and 3 within the next couple years, with phase 2 beginning this October, but he also says lots of volatility.
http://www.moneyandmarkets.com/72473-72473#.VgMfvU2rYjQ
James, Larry Edelson is suggesting now the downturn will last only to October 2015. This downturn will take DOW to about 13,500-14,000. Expect DOW to hit 31,000 by 2017. It seems like he does not think we are heading for a long term bear market. He is saying also the devaluation in the USD will make a case for a bull market in stocks. Is this what Chuck Pierce also saying about February 2016 will be a beginning of a bull market ?
The main point I get from Larry Edelson is that his study of cycles reveals the same market crash happening at the same time as many Christians have seen by revelation. A few weeks ago he said it would last for five years, so if he is changing his forecast it only shows his tools are limited and don’t allow him to know everything about the future. Only God knows that. The word from Chuck Pierce is saying something very different. He sees the emergence of a new world order no longer controlled by the U.S. Federal Reserve Bank. His word confirms the magnitude of what is about to happen is going to forever change the world as we know it. It will take until February before we begin to see the new order arising out of the chaos.
This is a gutsy call from a guy who’s right more often than not………fwiw I completely agree……[ http://www.marketwatch.com/story/market-timer-tom-mcclellan-sees-stocks-set-up-for-ugly-decline-as-early-as-thursday-2015-08-17? ]
Most stock markets around the world are already crashing. The market action today feels like we’re barely holding on from a big fall. Like dangling over the cliff holding on with our fingernails……… Can’t hold on forever.
James, so someone with very little money like me, who can only afford perhaps $300 – can still do this? I could buy $300 of FAZ shares, only? That gives me some hope, if so!
This is an old SEC document on SEC.GOV about Weiss and Edelson. Makes me wonder …
http://www.sec.gov/litigation/admin/2006/ia-2525.pdf. Tread carefully. It is your hard earned money.
James
don’t know if you noticed technical chart of Dow but it is settting up a “head and shoulders,
http://finance.yahoo.com/echarts?s=^DJI+Interactive#{%22range%22:%226mo%22,%22allowChartStacking%22:true}
Seems to be forming a right shoulder prior to a massive plunge
So if I bought $1,000 worth of FAZ stock at $10.33 a share and the market crashes, the FAZ will sky rocket up and that’s when I look to sell. Say it sells for something crazy like $10,000 a share and many people jumped in on this. I still am not understanding how I would actually get my money because there wouldn’t be enough in the actual stock to pay all the people invested. Can you explain please? This has been a big question for my husband. Thank you for your time.
When we sell the shares they are converted into dollars. The coming crash is not the meltdown of the whole financial system, although that will eventually happen. A series of other events will happen before the dollar and all paper assets become worthless. So we would need to sell FAZ before the whole system melts down. When we see the euro become worthless we will know it is time to convert all paper assets and all dollars into real tangible assets. Until then we still have time to make some profits.
James, I have read your dream regarding investing in FAZ. We are praying strongly about this. As far as investment amount for the FAZ stock, what would you say the minimum amount would be to invest? Also, can you explain how the dividends would be able to be paid out if the market does crash and investors are not buying?
The minimum investment would be one share, which is currently trading for $10.33 per share. You can purchase as many shares as you want. There are no dividends paid out. All of the profits come from selling at a higher price than it was purchased. Since it moves in the opposite direction as the financial sector, the crash will cause the price to go up.
James
What is he implying by saying “first economic supercycle since 1929?” Is he talking about kondratiev waves or what? perhaps he mentioned it in other part of article but in paragraph shown he did not back it up. thanks
Also Martin Armstrong said we’d have collapse in October first week.
usd/chf hit 9789 last night – i closed out. watching now for a change of direction when im in lock stock and barrel
WOW James. Hearing these things from individuals in the financial sector will hopefully help open the eyes of a few more about the times we are in.
What I find consistent….90 days…….I am always careful with date setting. However, several credible ministers and secular analysts are giving that time frame. Maybe it’s time to listen…..