On the heels of the Dow plunging more than 550 at one point in the trading day before the U.S. Plunge Protection Team intervened in the stock market, today the top trends forecaster in the world warned King World News that the $6 trillion global stock market carnage is just a prelude to the disaster that lies ahead.
Eric King: “Gerald, last year you predicted on King World News that we would see a global stock market crash:
“Rarely do I ever put a date on market crashes. I did it in 1987 when I forecast the 1987 stock market crash — that was in the Wall Street Journal. I also forecast the ‘Panic of 2008,’ and the ‘dot-com bust’ in October of 1999, when I said it (the dot-com mania) would fail in the second quarter of 2000.
Eric, I’m now predicting that we are going to see a global stock market crash before the end of the year. It’s not only going to be the Dow, it’s going to be the DAX, the FTSE, the CAC, Shanghai, and the Nikkei. There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil. You are going to see one market after another begin to collapse.”
Eric King: “Gerald, this is unfolding in waves. The Dow immediately plunged 2,500 points right after you made that prediction. We then saw a failed rally and now the global stock market carnage is picking up steam to the downside, exactly as you predicted.”
Gerald Celente: “That’s right, Eric, and the mainstream media is downplaying this by blaming the carnage on China and commodities. This financial crisis is much bigger than that. This is a global meltdown and it’s just getting started. It will bring some countries to their knees before this is over. The global stress is beyond comprehension for most people and those who don’t prepare for the worst risk losing everything…
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Celente Predicts Global Stock Market Crash To Accelerate
I said to you last time that ‘There’s going to be panic on the streets from Wall Street to Shanghai and from the UK down to Brazil.’ Eric, so far we have already seen an estimated $6 trillion of financial destruction in the global equity markets. Well, the carnage that we have seen so far is just a prelude to the disaster and financial destruction that lies ahead.” ALERT: Tune in this Friday because Gerald Celente will be interviewed by KWN to provide action plans and strategies. Celente will also update how deep the panic will strike, who will suffer the most, who will be hurt the most, how to avoid the economic catastrophe and turbulence, what actions to take, and how to prepare and survive what lies ahead.
***To hear the powerful KWN audio interview with Nomi Prins, the keynote speaker who recently addressed the Federal Reserve, IMF And World Bank, CLICK HERE OR ON THE IMAGE BELOW.
***ALSO JUST RELEASED: Dow Plunges Over 500! Legend Art Cashin Warns Hong Kong Derivative Nightmare May Lead To Global Panic CLICK HERE.
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