This Will End With A Massive Stock Market Crash And The Economic Collapse Will Be Devastating

 

With the Dow surging back above 18,000 and the Nasdaq breaking 5,000, today Bill Fleckenstein warned King World News that this will end with a massive stock market crash and the coming economic collapse will be devastating.

Bill Fleckenstein:  “I believe the market is emphatically crash-prone.  I don’t see how this period ends without a (stock market) crash.  All you can do is start to see when something has changed, connect the dots and try to act….

 

“Until psychology changes, this sort of nonsensical fantasy will continue to play out, even though the data is now starting to call that into question.

This Is All Going To End Very Badly

This is going to all end.  The stock market fantasy, the bond market fantasy — all that will end.  The colored paper fantasy and the fact that people believe in abject bad policymakers, i.e. the central banks being able to lead us to the Promised Land.  There’s a reason why the economy stinks.

We’ve had rates at zero for 6 years.  We’ve had QE of $3 trillion and it’s going on in similar size around the world.  And the world economy stinks.  Why is that?  Because these policies don’t work.

The Next Economic Collapse Will Be Even Worse

They (Western central banks) broke the economy initially with the stock bubble.  They tried to stop the pain and they created a real estate bubble.  That bust was worse, and they tried to stop the pain with QE.  The next bust (economic collapse) will be even worse.

But people seem incapable of understanding that simple little paragraph I just put together for you.  Those are the facts, the rest is fantasy.  I don’t know why people refuse to believe the facts and they want to believe these guys, but they do.

Western Central Planners Will Be Called Into Question

And until they (Western central planners) are called into question, what we are seeing will continue to play out.  I think we are probably near the end of that phase for reasons I already described but we won’t know until we get there. 

 Read-rather hear- the rest-audio interview @ http://kingworldnews.com/bill-fleckenstein-this-will-end-with-a-massive-stock-market-crash-and-the-coming-economic-collapse-will-be-even-worse/