Bo Polny – Biblically Bad Economic Crash Coming
by Greg Hunter
USA Watchdog
Market cycle analyst Bo Polny says don’t bet on the U.S. dollar or the stock market to hold their value in 2016. Polny contends, “The dollar is going down with the stock market. It did in December of 2015. It did in August of 2015, and the dollar is falling right now again. As soon as the stock market gets started to the downside, the dollar is going to go with it again. So, the dollar is going to go down with the stock market with this next meltdown. What’s going to end up happening when they hit the cycle low is what they did the last low (2009) and had QE 3. Guess what, that’s going to mean (in the next crash) QE 4. Then, that will mean they will be printing money like crazy. Let’s say there is a 20% drop on the dollar, even 10%. Everybody goes to sell the bonds. If the 10-year is only giving 1.7% yield, if the dollar drops 10%, they are losing 8%. If the dollar drops 20%, they are losing 18%. So, all these countries will be losing on billions or trillions of dollars of bonds, and then you will get a fire sale on bonds. Everyone will be dumping the bonds because they will be trying to get rid of them as fast as possible. That is what’s going to happen when they announce QE 4.”
How long will the stock market take to bottom in the next crash? At some point, the stock market will “walk off a cliff.” According to Polny, “It will go straight down . . . Yes. . . . I want to educate the world as to what I see because this is important. What’s coming is Biblical. People need to understand this. This is not going to be a 1,000 or 2,000 point crash. What’s coming is going to be world changing. It’s going to come quick and fast, and what is going to rise out of the ashes is gold and silver. If you don’t have it, you are going to have a big problem.”