Crash of Biblical Proportions Coming in 2016-Bo Polny…” “The next bottom will happen between now and this coming August. . . . This is going to be Biblically bad”

Sunday, April 3, 2016
By Paul Martin

By Greg Hunter

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.”

Polny says the time it takes the stock market to hit bottom from its prior top is getting shorter. The 2007 top to the 2009 bottom in the stock market took a little less than two years. The latest top happened in July of 2015, and Polny says this top to bottom crash will take half the time of the last crash. Polny predicts, “The next bottom will happen between now and this coming August. . . . This is going to be Biblically bad . . . . You are going to have a day where the Dow might drop 4,000 points . . . the next turn is going to be a crash low, and that’s supposed to come in the next few months. Being long in the market is crazy. We keep having lower highs. . . . Being long in the market is extremely dangerous.”

Polny closed by pointing out, “The reason for the crash will be because gold and silver will be exploding higher. That is going to create a huge derivative issue. That, then in turn, triggers the collapse and the meltdown of the stock market.”

Join Greg Hunter as he goes One-on-One with cycle analyst Bo Polny of

(There is much more in the video interview.)

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter