James Rickards, who wrote "The Death of Money" a few years ago (he was also a Wall Street insider and financial analyst for the DoD and CIA), said the stock market could (could) plunge 70%.
http://moneymorning.com/jim-rickards-coming-great-depression/
I have read some of his articles and watched interviews with him. He isn't a half-cocked alarmist, but a very sober, logical man.
Rickards has been saying for years that the "re-set" (if there will be one and I think there will) is going to have to come from the IMF.
The currency of the IMF is the Special Drawing Right (SDR). Rickards says they could call it "global money" but that is too spooky.
I believe the SDR will be the basis for the new world government and world currency.
If Pope Francis backs this plan in September in his address to a Joint Session of Congress on the 24th, and his address to the United Nations on the 25th, fasten your seatbelt.
I’m guessing the Antichrist’s and the False Prophet’s Mark of the Beast will rely on electronic “banking” to be the only acceptable system. After pledging allegiance to Satan via the 666 Mark of the Beast.
No gold reserves factored in (if anybody still has any), no silver, etc.
Which is probably why the Bible says they throw their gold and their silver into the streets during those days.
Thanks for the James Rickards info. I’ll read more.