Today one of the greats in the business warned King World News that the current fantasy being touted by the Western mainstream media is going to have a brutal ending.  He also warned that what's on the other side will be Depression-like conditions.

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To Them The Fantasy Now Seems Real

Bill Fleckenstein:  “Let’s take a step back:  This is now the third mania of the last 15 years.  And when you go through these periods, what happens is that part way through it you get to a point where it goes on long enough that people that might have been skeptical start to kind of become believers at the margin….

Continue reading the Bill Fleckenstein interview below…


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King World News - The $60 Trillion Problem And A World That Is Headed For Total Devastation

Stock Market Has Never Been More Crash Prone – Decline Could Be Violent 

Then they start to forget their fears.  Then they think their fears were wrong.  The mania that’s underway wins more and more adherents and participants.  These things go on for some time.  At the same time you’ve got this structure that if the market could start down, it could feed on itself violently.

I personally don’t think the market has ever been more crash prone than it is now.  I understood what was going on in 1987 and in the spring (of ’87) I said to people that this is going to end in a wipeout.  I knew the structure was not going to work.  It was impossible to think that everyone could get out at the same time.

The potential for a dislocation has never been higher.  So I fully expect at some point when the market starts down it’s going to pick up speed and do some amazing thing on the downside rather quickly.  

I'm Short A Few Stocks

And I’ve got a (short) position in a few companies now.  This has kind of been a rare thing for me because I haven’t tried to be short much because I think that there are specific catalysts that could work and the cumulative effect of those catalysts might just tip the tape over and then we can see if the thing wants to feed on itself.

I don’t think it will be the same as (the 2008 – 2009 collapse) because it won’t be led by the banking system.  But when people decide that the stock market is a Potemkin village and they want out, you tell me how big the crack is going to be and how low it’s going to go.

We've Been Kicking The Can Down The Road For 20 Years

When the bond market finally says, ‘Look, these policies are insane,’ then we’re going to have a serious adjustment.  We’ve been kicking the can down the road financially in this country for 20 years.  So we’ve got a lot of adjustment that’s going to have to be taken on all at once.  And oh, by the way, if rates start to rise, then the cost of servicing the debt is going to be drastic because rates are so low right now.

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This Is Going To Have A Brutal Ending With Depression-Like Conditions

So I think that the next crisis, the one in which the bond markets don’t cooperate with the central bank, will be the worst one that we’ve gone though.  And what’s on the other side of that could be a Depression-like situation.  This is going to be a brutal ending for sure.” ***KWN has now released the extraordinary audio interview with Bill Fleckenstein. This is one of his greatest interviews ever as he discusses why the stock market is going to collapse and why the coming financial unwind will be so brutal, the gold and silver takedown, what surprises to expect next and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

KWN Fleckenstein mp3 6:13:2015

***KWN has also now released the extraordinary audio interview with Gerald Celente, where he discusses the coming collapse, why gold is going to skyrocket as well as what the world will look like in the aftermath of the coming disaster what surprises, and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.

KWN Celente mp3 6:14:2015

***ALSO JUST RELEASED: Man Asked To Speak To Chinese Officials Warns China's Insatiable Gold Demand Being Fueled By Worries That The Global Financial System May Crash CLICK HERE.

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If you are interested in purchasing physical gold and silver for delivery you can call Steve Quayle or his staff at (406)586-4842, or you can email them at [email protected] or [email protected]

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The audio interviews with Gerald Celente, Bill Fleckenstein, Stephen Leeb, Andrew Maguire, Michael Pento, Dr. Paul Craig Roberts, Eric Sprott, Robert Arnott, David Stockman, Chris Powell, Rick Rule, John Mauldin, Egon von Greyerz, James Turk, Dr. Philippa Malmgren, Marc Faber, Felix Zulauf, John Embry and Rick Santelli are available now and you can listen to them by CLICKING HERE.