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Expert That Correctly Predicted Market Moves In July, August And September Says Stocks Will Crash In November

Dollars Folded - Public DomainWhen someone is right over and over and over, eventually people start paying attention.  Personally, I have learned to tune out the “forecasts” of most “economic experts” out there.  As an attorney, I was trained to be skeptical, and I have found that most forecasts about what the financial markets are going to do are not worth the paper they are printed on.  However, once in a while something comes along that really gets my attention.  Over the past few days, I have seen a number of references to the remarkable forecasts of Bo Polny of Gold 2020 Forecast.  In recent months he has correctly predicted that U.S. stocks would begin to drop in July, that there would be a huge plunge in August and that that the month of September would be rather uneventful.  Now he is saying that he expects “November to be a complete meltdown on the U.S. and world markets”.  Just because he has been right in the past does not guarantee that he will be correct this time around, but lots of people (like me) are starting to pay attention.

So how does Polny come to his conclusions?  Well, he uses something that most of us hated when we were in school – mathematics.  The following comes from the Daily Sheeple

Cyclical analyst Bo Polny of Gold 2020 Forecast utilizes advanced mathematical formulas and years of cyclical analysis to make forecasts about global stock markets. In late July he noted that U.S. stock markets had hit a top and that investors should prepare for a rapid down-move in the Dow Jones and other indexes. As we now know, that prediction has come to pass.

But while many on Wall Street panicked, Polny noted that the crash was not yet imminent and that the month of September would be relatively calm, with no major moves up or down forecast to occur. Once again, his analysis proved accurate.

I want to stress that I do not know if he will be right this time around.  When trying to forecast the future of the markets, there are thousands of moving pieces, and many of them cannot be accounted for easily.  But without a doubt the markets are perfectly primed for a major crash, so it would not surprise me in the least if he did turn out to be correct.

And as I mentioned above, Polny does have a solid track record of accuracy

*****

Bo’s model appears to have an impressive track record of accurate predictions, including the following:

  • Price of gold reaching $1900 in 2011
  • China’s stock market peak in April 2015
  • Hong Kong market peak on April 29 2015
  • U.S. stock market drop beginning in July 2015
  • Sharp drop in the stop market in August 2015
  • U.S. stock market uneventful in September 2015

*****

If Polny is right again this time, next month will be the most significant month for global financial markets since the crash of 2008.  Here is more from Z3News

*****

In an interview with Future Money Trends on October 17 2015, he made the following comments:

“Now we are expecting the next leg down on the U.S. and world markets on the dollar. What we are forecasting now is the lows of August are all going to break. They could break in the month of October yet, but we believe they will break no problem into November. We expect November to be a complete meltdown on the U.S. and world markets.”

He also posted the following statements on his website:

“If you thought the crash of August 2015 was bad; November 2015 is expected to usher in the START of the US Stock, Dollar, and Treasuries Market MELTDOWN!!!

“The end of this year ushers in the start of an Economic Meltdown that is to last years! The U.S. Dollar, Treasuries, and Stock Market bomb is set to blow in November 2015!”

*****

Polny is projecting that stocks could ultimately fall by as much as 70 percent by the time it is all said and done.  You can watch a full interview where he discusses these things right here.

Meanwhile, early signs of the kind of trouble that Polny is warning about continue to pop up.

On Wednesday, the stock price of one of the largest pharmaceutical companies in the world absolutely crashed after a report came out claiming that it was in danger of suffering the same fate as Enron

Hedge fund darling Valeant Pharmaceuticals is getting hammered after short-selling-firm Citron Research published a report comparing it to Enron.

The Canadian drug company’s stock was last down about 25% at around $110. It had fallen as low as $88.50.

The stock has been popular among hedge funds.

It ranked No. 10 on Goldman Sachs’ stocks that “matter most” to hedge funds list for the second quarter. According to Goldman, 32 funds had the stock as one of their top-10 stock holdings.

And this week we learned that construction machinery giant Caterpillar has now reported global sales declines for 34 consecutive months.  The following comes from Zero Hedge

Most cats bounce at least once when they die, but not this one: after CAT posted its first annual drop in retail sales in December of 2012, it has failed to see a rise in retail sales even once.

In fact, since then Caterpillar has seen 34 consecutive months of declining global sales, and 11 consecutive months of double digit declines!

Those that assume that everything is going to be “just fine” now that we have gotten past September are going to be dead wrong.

Whether it happens in November or not, the kind of chaotic financial collapse that Bo Polny is warning about will happen.

And of course factors that he is unable to account for such as war, terror attacks and major natural disasters could greatly accelerate things.

Once again, I don’t know if everything that Bo Polny is saying is going to turn out to be 100% accurate or not.  I am just reporting what he is saying.  But it is true that what he is forecasting fits very well with what I have been warning my readers about for months and months.

A day of reckoning is most definitely coming for global financial markets.

Will it happen in November?

Stay tuned…

Does Barack Obama Expect The Upcoming Election To Spark Rampant Civil Unrest?

What is Barack Obama preparing for?  What does Barack Obama actually expect to happen in November?  Does he believe that the upcoming election could actually spark rampant civil unrest inside the United States?  The conditions are certainly ripe for civil unrest in this country.  A multitude of recent polls and surveys have shown that Americans are angrier and more frustrated than ever.  Sadly, we are taking a lot of that anger and frustration out on each other.  America is more divided today than at any other time since the Civil War era.  The left absolutely hates Mitt Romney the Republicans, and the right absolutely hates Barack Obama and the Democrats.  If you doubt this, just surf political blogs for a few hours and read the comments that people leave.  This country is a boiling cauldron of hatred and anger and all it is going to take is just the right “spark” to cause all of this hatred and anger to absolutely explode.  This upcoming election season is likely to be one of the most heated and divisive election seasons in U.S. history, and if there is not a clear winner on election night there is the potential that chaos could be unleashed that would be far, far worse than anything we saw during the Bush/Gore debacle of 2000.

Right now, the polls tell us that this is likely to be a very, very tight election.  If you doubt this, just check out the daily Gallup tracking poll.

As I write this, Obama and Romney are tied at 46 percent.

In 2008, a wave of positive emotion helped Obama secure a solid victory on election night where there was no doubt about the outcome.

But this time there is not going to be the same wave of positive emotion behind Obama, and that means that the election is likely to be much, much closer.

One thing that set off alarm bells for me is when various news stories starting discussing the “legion of lawyers” that Barack Obama was recruiting for this election.  The following is from a recent article in the Huffington Post….

President Barack Obama’s campaign has recruited a legion of lawyers to be on standby for this year’s election as legal disputes surrounding the voting process escalate. Thousands of attorneys and support staffers have agreed to aid in the effort, providing a mass of legal support that appears to be unrivaled by Republicans or precedent.

Did you catch that?

Obama’s “unprecedented” legion of lawyers is definitely getting prepared for something.

In a tightly contested race, would Obama use every legal angle that he possibly could to take the election away from Mitt Romney?

Would Mitt Romney potentially do the same to Obama?

How would the rest of America respond to another huge legal struggle over the presidency?

Let us hope that we never find out the answers to any of those questions.

But fighting in court is not the only avenue that Barack Obama could potentially use to keep his spot in the White House.

There is also the possibility that Barack Obama could use his executive powers to influence the outcome of the election.

This year, Obama has issued a whole series of very strange executive orders.

Many have been wondering what the true purpose of these executive orders really is.

For example, EO 13603 enables Barack Obama to take total control over all food, all energy, all health resources and all transportation resources with the stroke of a pen.

The following is from an article about this executive order by Jim Garrison in the Huffington Post….

President Obama’s National Defense Resources Preparedness Executive Order of March 16 does to the country as a whole what the 2012 National Defense Authorization Act did to the Constitution in particular — completely eviscerates any due process or judicial oversight for any action by the Government deemed in the interest of “national security.” Like the NDAA, the new Executive Order puts the government completely above the law, which, in a democracy, is never supposed to happen.

Later in that same article, he detailed some of the extraordinary powers that the executive branch would be given if Barack Obama decided that “national security” required it….

• The Secretary of Defense has power over all water resources;
• The Secretary of Commerce has power over all material services and facilities, including construction materials;
• The Secretary of Transportation has power over all forms of civilian transportation;
• The Secretary of Agriculture has power over food resources and facilities, livestock plant health resources, and the domestic distribution of farm equipment;
• The Secretary of Health and Human Services has power over all health resources;
• The Secretary of Energy has power over all forms of energy.

According to this executive order, a “national emergency” is not even required to activate these powers.  If Barack Obama decides that there is a threat to “national security” (or to his job security) he could activate these powers at any time.

Another executive order, EO 13618, would potentially give Obama power over all communication resources in the United States.

So does that mean that Obama could potentially pull the plug on the Internet during a crisis?

That is a very good question.

Overall, Obama has issued 130 executive orders during his time as president.  The amount of power that he now claims to possess is absolutely mind blowing.

So will he ever actually attempt to use the powers that he has granted himself under these executive orders?

Let’s hope not.

In addition, it appears that the Department of Homeland Security is gearing up for something.

An article posted on RT the other day entitled “DHS gears up for civil unrest prior to presidential elections” detailed some of the purchases that the Department of Homeland Security is looking to make….

The DHS submitted a rushed solicitation to the Federal Business Opportunities site on Wednesday, which is a portal for Federal government procurement requisitions over $25,000. The request gave the potential suppliers only one day to submit their proposals and a 15-day delivery requirement to Alexandria, Virginia.

As the brief explains, “the objective of this effort is to procure riot gear to prepare for the 2012 Democratic and Republican National Conventions, the 2013 Presidential Inauguration and other future similar activities.”

The total amount ordered is about 150 sets of riot helmets, thigh and groin protectors, hard-shell shin guards and other riot gear.

Specifically, DHS is looking to obtain:

– “147 riot helmets” with “adjustable tactical face shield with liquid seal”

– “147 sets of upper body and shoulder protection”

– “152 sets of thigh and groin protection”

– “147 hard-shell shin guards” with “substantial protection from flying debris, non-ballistic weapons, and blows to the leg” and “optimized protective design for severe riot control or tactical situations.”

– “156 forearm protectors”

– “147 pairs of tactical gloves”

The riot gear will be worn by Federal Protective Service agents who are tasked with protecting property, grounds and buildings owned by the federal government.

You can find the DHS solicitation right here.

Also, as I have written about previously, earlier this month FEMA posted a solicitation for a large number of pre-packaged meals.  According to the solicitation, the maximum number of meals that would be provided to FEMA under the contract would be 17.5 million meals.  The following is from the FEMA solicitation document….

As referred to in paragraph (b) of FAR Clause 52.216-22, “Indefinite Quantity” of this contract, the guaranteed contract minimum is 21,000 packaged meals to include the base and option periods.  The contract ceiling amount shall not exceed 17,500,000 packaged meals.

So do those solicitations mean anything special or are they just part of normal government operations?

That is a good question.

But what we do know is that U.S. military personnel are going to be deployed at the Democratic and Republican national conventions in support of U.S. Secret Service personnel.  The following is from a recent Stars and Stripes article….

“During the Democratic/Republican National Conventions, Department of Defense personnel will support the U.S. Secret Service,” a Northern Command spokesman said in an email.

“For operational security reasons we do not discuss the numbers of military personnel and resources that are involved,” U.S. Navy Lt. Cdr. William G. Lewis said. “Additionally, we do not share our operational plans.”

Could the same forces be deployed to quell civil unrest sparked by a controversial election result in November?

Let us hope that this upcoming election season is not as bitter and divisive as many are projecting and let us hope that there is a clear winner in November.

The conditions are definitely right for America to be absolutely torn apart if the “perfect controversy” comes rolling along.

At this moment, Americans are incredibly frustrated.  Our economy has been in the dumps for quite a few years, and now it look like another recession is starting.  The patience of the American people is running out.

Over much of the western United States things are so hot and dry right now that just a single spark is often enough to set off a forest fire that can burn for weeks.  Well, the same thing can be said for the political climate in the United States right now.

The American people are so hot and so angry that it would not take much to set off a raging political fire.

Let us hope that cooler heads prevail, because a single spark could set this country ablaze.

The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It

On Wednesday, Ron Paul’s bill to audit the Federal Reserve was overwhelmingly passed by the U.S. House of Representatives.  The vote was 327 to 98.  You would think that a bill with such overwhelming support would easily become law.  But it won’t, because Barack Obama and the Democrats plan to kill it.  Senate Majority Leader Harry Reid has already said that the Senate will not even consider the bill.  But of course if Barack Obama called Harry Reid and told him that he wants this bill to get through the Senate so that he could sign it then Harry Reid would be singing a much different tune.  Sadly, we all know that is not going to happen.  Barack Obama’s good buddy Ben Bernanke called the Audit the Fed bill a “nightmare scenario” last week, and Obama is certainly not going to do anything to upset Bernanke – especially this close to the election.  Obama needs Bernanke to do everything that he possibly can to stimulate the economy so that Obama will look as good as possible in November.  The sad truth is that there is absolutely no chance that the Audit the Fed bill will become law and that is a crying shame.

So why is an audit of the Federal Reserve so important?

Why does Federal Reserve Chairman Ben Bernanke consider an audit of the Federal Reserve to be a “nightmare scenario” that must be avoided at all costs?

Well, perhaps it is because there has never been a true comprehensive audit of the Federal Reserve since it was created back in 1913.

The Federal Reserve has more power over the economy than anyone else in the country does, and yet they are virtually unaccountable and the American people have very little idea what has been going on behind closed doors over at the Fed for the past 100 years.

A very limited audit of the Fed that was passed a couple of years ago that examined transactions during the last financial crisis discovered that the Federal Reserve had actually loaned out more than 16 trillion dollars in nearly interest-free money to the “too big to fail” banks between 2007 and 2010.

Keep in mind that U.S. GDP for the entire year of 2011 was only slightly more than 15 trillion dollars.

The Federal Reserve loaned out trillions upon trillions of dollars to their friends and never told the American people about it.

Whoa.

You would think that Congress would be quite eager to see what else has been going on over at the Federal Reserve.

But instead, many Democrats are completely and utterly opposed to auditing the Fed any further.

U.S. Representative Barney Frank (a Democrat) seemed to regard the bill as a joke even after it overwhelmingly passed in the House.  Frank stated that “nobody here thinks this will ever become law“.

According to Politico, there is zero chance that the bill will get through the U.S. Senate….

Senate Majority Leader Harry Reid (D-Nev.) has said the Senate will not consider the bill, effectively killing its chances of becoming law.

But we all know that if Obama wanted this bill to become law that it would be a done deal.

If Barack Obama came out tomorrow in front of the television cameras and declared his support for this bill it would sail right through the Senate.

Unfortunately, the Obama administration has made it very clear that it considers a comprehensive audit of the Federal Reserve to be a really, really bad idea.

For example, Treasury Secretary Timothy Geithner once stated that auditing the Fed is a “line that we don’t want to cross” and that if we did audit the Fed it would be “problematic for the country”.

So what exactly did he mean by that?

That is a very good question.

In any event, people should take this as an opportunity to confront Barack Obama about the Audit the Fed bill wherever he goes.

Perhaps Obama will prove me wrong.

Perhaps Obama will show that he is willing to stand up to the Federal Reserve.

In fact, if Obama gets this bill pushed through Congress and signs it into law, I will not criticize him for an entire month.

But we all know that will never happen.

The Federal Reserve is going to be able to continue to keep their secrets hidden from the American people.

The following is what Ron Paul had to say following the vote on Wednesday….

“I think the whole idea that they can deal in trillions of dollars and know that nobody is allowed to ask them a question is a moral hazard.”

And Ron Paul is right.

If the Federal Reserve can zap trillions of dollars into existence out of thin air and loan that money to their friends at the big banks and to central banks in other countries, then it should not be too much to ask them to be accountable to the American people.

Over the coming months, the American people will heatedly debate whether Barack Obama or Mitt Romney would be better for the U.S. economy.

But the truth is that the Federal Reserve has far more power over the U.S. economy than the president of the United States does.

The Federal Reserve has been called the “fourth branch of government” because of how much power it has.  The Federal Reserve sets our interest rates, it determines the level of our money supply, it regulates and secretly bails out our banks, it determines the “target rates” for unemployment and inflation, and every small move the Fed makes causes global financial markets to swing wildly.

The Federal Reserve does all of this without ever having to be accountable to the American people.  In fact, whenever a bill is introduced that would shed some light on their activities they whine and cry about how important their “independence” is.

In a previous article, I described how preposterous this all is….

For a moment, imagine that there is a privately-owned organization in the United States that can create U.S. dollars out of thin air whenever it wants and can loan that money to whoever it wants to.  Imagine that this organization is able to act with the full power of the U.S. government behind it, but that nobody in the organization is ever elected by the American people, and that for all practical purposes the organization is not accountable to the president or to Congress.  Imagine that the organization is able to make trillions of dollars of secret loans to banks, to foreign governments and even to their close friends without ever having to face a comprehensive audit.  Does that sound preposterous?  Well, such an organization actually exists.

The American people need to stand up and demand an audit of the Federal Reserve.

We deserve to know what is going on over there.

Sadly, the mainstream media makes it sound as if hell has a better chance of freezing over than this bill does of becoming law.  The following is from a USA Today article that was posted on Wednesday….

The bill stands no chance of becoming law because the Democratic-controlled Senate will not take it up. The vote, however, served as a symbolic swan song for Paul, who is not seeking re-election. It is also an indicator of how Paul’s economic views have gone more mainstream, particularly within the Republican Party, in the wake of the 2008 financial crisis that shook Americans’ confidence in Wall Street and the federal government.

Well, let us hope that this kind of a bill keeps getting introduced in Congress.

Perhaps someday we actually will get a real audit of the Federal Reserve.

When that happens, the following is a list of questions that I would like to see asked by those auditing the Fed….

If the Federal Reserve is supposed to prevent shocks to our economy, then why have there been 10 different economic recessions since 1950 and why are we about to enter another one?

Was the Federal Reserve involved in the manipulation of Libor?

What role did the Federal Reserve play in creating the housing bubble that resulted in an unprecedented housing crash?

Why has the value of the U.S. dollar fallen by 83 percent since 1970?

Why is the Federal Reserve paying U.S. banks not to lend money?

Why did Barack Obama nominate Ben Bernanke for a second term as head of the Federal Reserve when Bernanke has a track record of failure that makes the Chicago Cubs look like a roaring success?

Why is the U.S. national debt more than 5000 times larger than it was when the Federal Reserve was created in 1913?

Why were the Federal Reserve and the personal income tax both pushed through Congress in the same year in 1913?

Why does the Federal Reserve argue that it is “not an agency” of the federal government in court?

Why do all 187 nations that belong to the IMF have a central bank?

Do you have any other questions that you would like to have asked during an audit of the Federal Reserve?  Please feel free to post a comment with your thoughts below….

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