Stock Market Collapse is Inevitable

JH: My name Jack Hanney, Senior Partner with Patriot Gold Group, home of investor direct pricing, patriot commitment and the lightening fast self-directed precious metals backed IRA. Goldman Sachs, this morning, reported five reasons the stock market will keep going lower. “We forecast the S&P 500 will follow and fat and flat trajectory over the next twelve months”.

Fat and flat is the new catchy phrase, but sideways and down more accurately describes the path of the U.S. equity markets. Another report from this afternoon, here’s where all the Fed officials stand on an interest rate hike. It goes on to say, speak now or hold your peace until September 2nd. Keep in mind ‘the Fed open market meeting is September 20th ’til the 21st. Now Janet Yellen stated I believe the case for an interest rate hike has strengthened in recent months.

Jeffrey Lackie went on to say it looks like the case for a rate increase is going to be strong in September and John Williams, “it makes sense to get back to a pace of gradual rate increases preferably sooner rather than later. Keep in mind Jim Rickards, author of the Death of Money, forecasted a collapse in the stock market on September 30th of this year. The two previous collapses of the stock market were September 2008 and September of 2000.