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Rosen:  “The Dow and the S&P are in the process of collapsing.  These averages are going to plunge all the way back to their 1982 trendlines.  This means we will see the S&P 500 fall all the way down to roughly the 600 level, which represents a nearly 65 % decline.


This is going to be a massive wipeout.....


Continue reading the Ron Rosen interview below...




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“It will be far worse than the declines that took place after 1965, including the 1973 to 1974 crash.  This will be the worst decline since the 1930s.  It should be noted that this will also wipe out the entire tech bubble going all the way back to 1995. 


For those that are worried about gold and silver they need to understand that this is the time period when the metals will be making a massive move to the upside.  This will be a big-time move for gold and silver.  This is a duplication of what occurred in the 1970s. 


In fact, it’s almost identical to what we saw in the 1970s, except that it will be far more exciting for precious metals investors, and far more devastating for stock market investors.  The gold rally will be substantially greater than the 1970s.  We are in for one hell of a move in gold and silver over the next six to eight months.


The decline in stocks will really begin to accelerate when the S&P breaks the 1600 level.  This will scare the hell out of everybody.  After the breaking below that key level, the S&P will rally back up to test 1600, and then the real disaster will take place.


This collapse in stocks is going to wipe people out, but at the same time you will be seeing this huge surge in the precious metals.  We are going to see the biggest move in gold, silver, and the mining shares, that we have seen during this entire bull market, and it’s starting right now.


There are increasing ‘angles of rise’ in gold, silver and the HUI (Gold Bugs Index), and the angle of the rise has accelerated with each bull move.  The next ‘angle of rise’ will be the sharpest we have seen so far and the HUI should get close to 1,000 on this pulse.


For what it’s worth, the debt ceiling debate doesn’t mean shit in this country.  The United States is bankrupt.  I know the US is bankrupt because my father, Aaron Rosen, tried the original cases that formed the bankruptcy laws in the United States.  He was one of the four partners of the massive 100+ year old New York law firm “Otterbourg, Steindler, Houston & Rosen,” which today is simply referred to as “Otterbourg.”


That firm made it through the Great Depression because my father Aaron Rosen was so busy with bankruptcy work for the firm during the 1930s.  It literally helped Otterbourg, Steindler, Houston & Rosen to survive and thrive while other law firms failed during the Great Depression.    


Now, the US has the right to print money so we are not going to declare bankruptcy -- instead, the market will do it for us.  So this nation is bankrupt and we are going to pay the bill that every bankrupt nation has to pay, which is to liquidate their assets and see what the hell you’ve got left, and that’s exactly what the US will be forced into doing.  This process will be extremely painful, and investors must protect themselves from the coming chaos.”


King World News note:  The Otterbourg law firm, 4 years ago, invited Ron Rosen as a special guest, because he is one of the descendants of the original partners, to celebrate their 100th anniversary, or ‘Centennial.’  You can read more about the Otterbourg law firm and Ron Rosen’s father Aaron Rosen by CLICKING HERE.


© 2013 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.  However, linking directly to the blog page is permitted and encouraged.


The audio interviews with Bill Fleckenstein, David Stockman, Robin Griffiths, Jim Grant, Gerald Celente, William Kaye, Dr. Paul Craig Roberts, Chris Powell, Michael Pento, Eric Sprott, Andrew Maguire and Grant Williams are available now. Also, other recent KWN interviews include Marc Faber and Felix Zulauf to listen CLICKING HERE.


Eric King

KingWorldNews.com

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