Stock Markets Are Set For an 80% Correction

Any day now we may wake up to panic in the financial markets that hasn't been seen since 1929.

"But Dennis, God would never do that to America...we are good people!"

Several noted economists and distinguished investors are warning of a 50% stock market crash.

Billionaire Carl Icahn, for example, recently threw up a red flag on national broadcast when he declared, “The public is walking into a trap again as they did in 2007.”

Unfortunately, Icahn’s warning is tame compared to his peers.

“U.S. stocks are now about 80% overvalued,” says Andrew Smithers, the chairman of Smithers & Co. He backs up his prediction using a ratio which proves that the only time in history stocks were this risky was 1929 and 1999. And we all know what happened next. Stocks fell by 89% and 50%, respectively.

Former congressman Ron Paul didn’t mince words either. He warns that the stock market’s “day of reckoning” is fast-approaching. When that day comes, he doesn’t think it’s just going to be a correction, it will be “stock market chaos.”

But there is one distinct warning that should send chills down your spine … that of James Dale Davidson.

As a renowned economist, best-selling author, and founder of Strategic Investment, Davidson makes the strongest case for a looming crisis — “Right now, there are three key economic indicators screaming SELL. They don’t imply that a 50% collapse is looming, it’s already at our doorstep.”

Here;  http://thesovereigninvestor.com/exclusives/stocks-economy-on-verge-of-collapse/?z=389596

What happens to nations who refuse to bow to their Creator?  Well, history and the Bible would show that their false god gets torn down and the people get thrown into chaos, bondage and fear.

"But Dennis, lots of us Americans go to church a few times a year!  Many of us are VERY charitably minded and we even give $20 at Christmas and Easter!  How can you say our false god is money and material goods?"

A false idol is ANYTHING that takes us away from our relationship with God.  As you know, God gave us His word, via the Bible, and He wants us to study it, know it, believe it and live by it.  Now look around to to your left and your right...then look in the mirror...now ask yourself an honest question...HOW MANY OF US SPEND WAY MORE TIME watching football, going to hockey games, planning our vacations, planning our dream homes, watching our kids sporting activities, etc...etc...???

Ummmm....99% of us I'm going to guess.

So don't be surprised if sometime soon, trillions and trillions of dollars simply vanishes into thin air...exactly from where it came!!

Hat tip to Bill J.