Many financial experts – excluding the presstitute ones that appear on the mainstream financial media (such as Bloomberg, CNBC, and the like) – are calling for a major reset/crash (I call it a “Creset” short for Crash + Reset) this September. Some say it might occur in October, as earnings season for Q3 will kick-off and is likely to show dismal company (and economic) performance on a global scale.

I would like to name a few of these experts, as they have been quite stellar in many of their previous calls. We have the likes of Martin Armstrong, Jim Sinclair, Gerald Celente (rated as the top trends forecaster in the world), David Stockman, Andy Hoffman, Gregory Mannarino, Jeff Berwick, Rob Kirby, John Williams, and Bill Fleckenstein. You may not have heard these names before, as they only seldom appear on the mainstream media; this is perhaps due to the fact that they don’t paint as pretty a picture as the networks’ more favored and “enthusiastic” guests do.

Personally, I agree that a major crash/reset will occur this September. Since we are in an unprecedented period in history (i.e., never before has the world been in so much debt and central banks have printed so much money) it is an inevitable consequence of natural law. Only this time, expect a crash much worse than the ones that occurred in 1907 and 1929. As history always repeats, this one will be very similar in nature and causation to the two I just mentioned. But it will, in fact, be much worse. I foresee a 50 to 75% crash in the major stock markets of the world (especially those in Europe, the US, and Japan). This is largely supported by many technical indicators as well.

But what will make this particular crash even worse is the fact that other than the current stock bubble there are two even larger bubbles ripe for popping, namely the bond market bubble (the largest bubble in history) and the derivatives bubble in which lies over 4 quadrillion dollars worth in derivatives products currently tainting the big banks’ books. I wouldn’t even be surprised to see the banking behemoths of JP Morgan Chase, Citibank, Bank of America, and Deutsche Bank collapse, as Lehman Brothers and Bear Stearns did during the Financial Crisis of 2007-8. The derivatives exposure of these four banks alone is absolutely insane with each of them having over 50 trillion dollars worth (in aggregate that’s more than the entire amount of global GDP for 2014). In addition, you could also mention the currency bubble (a.k.a., currency wars) if you wanted to. They are all tied at the hip. Once the stock market falls, the others will inevitably follow. Everything is connected.

Furthermore, at least 3 of the 4 major currencies – the U.S. dollar, the Japanese Yen, and the Euro will also take a tremendous hit. This being a natural consequence of the reckless money printing policies from central banks which have ensued since the last Financial Crisis (of 2007-8). In other words, the central banks have printed trillions upon trillions of their respective currencies which has done nothing for Main Street but has certainly propped up the balance sheets of Wall Street (i.e., the big banks and the corrupt elites, or the 1% of the 1%, who control them).

But will it be a crash or a reset or both? And what is the difference between the two? A reset basically means that the current financial, banking, and money/currency system has become dysfunctional and unsustainable and thus must be reconfigured once again to fit the times. For instance, we saw such a reset occur after World War II when the ‘Bretton Woods Agreement’ was established; many countries fixed exchange rates relative to the U.S. dollar and their central banks could exchange dollar holdings gold at the official exchange rate of $35 per ounce. But by 1970, France no longer trusted this system and decided to reduce its dollar reserves, exchanging them for gold at the official exchange rate which left President Nixon with no choice but to close this gold window.

Although the U.S. “petrodollar” is still king, so to speak, we are witnessing powerhouse countries like Russia, China, and Saudi Arabia break free from the Greenback as they are ing U.S. Treasury bonds by the billions (largely to defend their respective currencies). In other words, history is being repeated once more. This is inevitable, as the petrodollar is no longer benefitting countries other than the United States. Since the current system is no longer fair, nor sustainable, it is visibly coming apart at the seams. Moreover, in order for these (and many other) countries to protect themselves against the inevitable devaluation of the dollar, they have been importing hundreds of tons (thousands in China’s case) of gold bullion in the past five years.

So the question then is: in the next reset what will the new monetary/financial system look like? Will there be a global common currency? Although there has been mention that the SDR (Special Drawings Rights) basket of fiat currencies by the IMF could act as a new standard, I highly doubt it. You see, if you take a basket of junk (such as the current mix of overprinted fiat dollars, yen, and Euros) to make a new currency you still end up with junk. In other words, what would be its true intrinsic value? Basically, it would be zero, as all fiat currencies backed by nothing eventually end up becoming worthless. They only way it could work was if it were backed (fully or partially) by gold (or arguably silver). But western vaults have been largely drained of their gold in the past decade and the barbarous relic has found its way eastwardly in the coffers of India, China, and Singapore.

The only possibility of a common currency I can see that could have a chance at succeeding would be one that is created by the BRICS countries (Brazil, Russia, India, China, and South Africa); this would make a lot of sense since these countries have (although, unofficially) the lion’s share of global gold reserves. So don’t be surprised if the BRICS were to make such a move in the next year or two. Add the fact that China was recently snubbed by the IMF (i.e., by the U.S.) with regards to the inclusion of its currency in the SDR. This face-losing event is one which made China look weak and inferior – something this proud country will not easily digest nor forget.

Personally, I think this will be a reset in which there will be no prevailing currency standard. For a standard to be both accepted and adopted internationally, you need trust. But trust is lacking in our credit-based, currency-wars, debt-ridden Ponzi world. We saw this first-hand during the Financial Crisis of 2007-8 when international banks stopped lending to one another due to a lack of trust (specifically with respect to each others’ liquidity and solvency).

In my opinion, the only internationally-accepted monetary standard that could work would entail one that would have a currency or payment-mechanism-system that is backed by gold (and also possibly silver). For this to occur, gold (and inherently silver) would have to revalued to levels that are many multiples of their current valuations respective to fiat currencies. In other words, you may see gold and silver reboot much higher during the upcoming reset. This argument can easily be substantiated and supported with the fact that gold and silver have been aggressively manipulated downward since 2011 (to keep the U.S. dollar propped up) by the Bank for International Settlements (BIS), the Federal Reserve, and the Bank of England through the illegal operations of their strong-arm bullion banks via the LBMA and Comex (gold & silver paper/futures markets). This manipulation is coming very close to an end; if it doesn’t occur this fall, it will certainly happen by the end of the year when the new bullion-backed (not paper backed) futures trading platform is set to be launched by the Shanghai Gold Exchange (currently scheduled for December). I wouldn’t be surprised at all to see China re-state its official gold reserves at over 10,000 tons (likely 15,000 to 20,000 tons). This would have a tremendous impact on the valuation and price of gold making a BRICS gold-backed currency more and more likely, not to mention extremely alluring.

So what to look for during September? How will the upcoming crash and reset occur? What will be the triggering event that ignites it all?

Let’s play devil’s advocate and look at the WHY, WHERE, and HOW.

WHY?

Firstly, the world is drowning in unprecedented levels of credit and debt. Next, there are bubbles everywhere – in stocks, bonds, real estate, art, derivatives, and so on. The real economy of most countries is in doldrums unlike what is stated to us by government agencies and is evangelized in the mainstream media. There is very little growth around the globe, if at all. We are seeing hundreds of thousands of destitute refugees from Northern Africa and the Middle East fleeing to Europe in search of hope. Finally, there are cycles. We are practically at the top of the current up-cycle.

Speaking of cycles, you may have heard of the Shemitah. The Shemitah is a seven-year agricultural cycle which is observed in Judaism. Basically, every seven years all debts become forgiven. It is a washing-away of debts if you will. It’s kind of like a reset or a chance for distressed people and businesses to start over with a clean slate. Although many people don’t believe in such religious tales, the fact is that many dark events have occurred end the end of Shemitah cycles:

· The stock market crash of September and October of 2008 occurred at the end of the last Shemitah 7 year cycle. The Sept. 29th saw the Dow plummet 777 points – the greatest one day stock market crash in U.S. history.

· The 9/11 terror attacks and the subsequent stock market crash that ensued once the markets re-opened on September 17th both occurred at the end of the Shemitah year in 2001. The Sept. 17th crash was the greatest one day stock market crash in U.S. history.

· In 1994 there was a huge bond massacre.

· Stock markets crashed seven years earlier on “Black Monday” in October of 1987. The list goes on and on.

While many will contend these as mere chance occurrences, it would be wise not to exclude the possibility of it happening again. This year, the end of the Shemitah will take place on Sunday, September 13 of this year. It is also worth mentioning that every 7th 7-year cycle (i.e., 7 x 7, or 49 year cycle) results in what is called the ‘Jubilee year’ or ‘Super Shemitah’. Such periods are characterized by stronger, more accentuated shocks.

WHERE?

Before answering where this will occur, perhaps it is best to ask what will trigger the crash/reset. If you look at history, there are many events which have preceded world wars and financial crises. Such events are often referred to as “black swan” events; that is, one which is unforeseen and that has a devastating effect or a tremendous impact. Some of these events were purposely instigated such as the September 11th attacks while others such as the 2007 Tsunami that hit Japan are unforeseen. So the question is: will it be a planned or unplanned black swan which will occur next?

It could be argued that the Middle East, Eastern Europe (along the Ukrainian-Russian border) or the USA are all hot spots where such a black swan type event could soon take place. The U.S. in particular is a likely candidate since many important events will take place this September:

· The United Nations General Assembly will open its 70th session at the UN Headquarters in New York City on Sept. 15th. World leaders from around the world will be in attendance. Moreover, it has been reported that France plans to introduce a resolution which will give formal UN Security Council recognition to a Palestinian state shortly after the new session begins. Such a resolution has been blocked in the past but it is widely believed that President Obama could have a different stance this time going against Israel;

· The Jade Helm (U.S. Military exercises) will also end on Sept. 15th;

· The Federal Reserve’s FOMC (Federal Open Market Committee) Meeting will reveal whether or not it will raise interest rates during its Sept. 16-17th gathering;

· Pope Francis is schedule to address the U.S. Congress on Sept. 24th;

· Pope Francis is schedule to give a mass at Madison Square Garden in Manhattan on Sept. 25th;

· The UN will also host the ‘Sustainable Development Summit’ from Sept. 25th to 27th (where Pope Francis is also expected to make a historic speech).

Other areas of interest in the U.S. could include the capital – Washington, D.C., the south (especially in Texas where many Jade Helm U.S. Military exercises have taken place), and drought-infested California.

Needless to say, there are very significant events of global significance that will take place in the U.S. in September – especially in its financial hub that is New York City. If I were to fathom a guess, I would say that the Pope speech schedule for September 25th at Madison Square Garden could, unfortunately, be a place where a terrible event may occur. Think about it, they eyes of the world will be focused on the Pope during this period. If the elite are planning a one world government, there wouldn’t be a better time and place since the Pope is scheduled to push the UN’s development agenda during his speech. What better way than to get the masses to adhere to more government control? We did see something similar happen during and after 9/11 which indeed resulted in tighter government control and reduced freedoms and privacy of citizens.

HOW?

Apart from some “black swan” type events that were previously mentioned, there are other possible ones lurking around, namely:

· An ISIS attack

· A natural disaster (including a comet hit)

· Cyber-attacks on key infrastructures such as power-grids, nuclear power plants, or stock markets

· A “False Flag” attack

It’s always difficult to predict what may set in motion a panic in the world and in the financial markets. There are many examples from history – from sinking of passenger ships to assassinations of presidents. The tendency, often, is that such kinds of events do tend to get repeated.

How will we know if the next big horrible event will be one that is purposely instigated by malicious people versus one that is “accidently” or “naturally” caused? Many man-made events have been cast upon the populous in the past. A time-tested technique which has been used for this is called PROBLEM-REACTION-SOLUTION which is a mind-control technique (for the masses). In the 3rd century AD, the Roman Emperor Diocletian needed more money to support his government. So he created a new enemy to fight and used this as a way to justify tax increases on the Roman population. Here’s how this mind control technique was employed by him:

1. Problem: “We have a new enemy who wants to destroy us…”

2. Reaction (of the population): “Oh no! We can’t accept this…”

3. Solution: “We need money to supply our army to fight them!”

The technique has proven particularly effective in the past, as the masses tend to be quite ignorant, uniformed and gullible. Adolf Hitler once said: “The bigger the lie, the more people believe it.” Some even argue that this PROBLEM-REACTION-SOLUTION was employed for the Sept. 11, 2001 attacks in order to justify a new war on terrorism, privacy, and civil liberties.

I genuinely hope that the next time around, people won’t be so quick to believe the government propaganda spewed out through their corrupt and immoral mainstream media outlets; but rather, use their brains to be more objective about who is really responsible and what their motives are. Once the next big event happens, pay close attention to how it is presented in the media. Are they trying to pin the blame on some particular culprit? Why? Also ask yourself: who controls the media?

CONSEQUENCES:

Unfortunately, with all dark events, crises, and crashes often come a set of undesirable consequences of political, social, economic, and financial nature.

Since most everything in our world is tied to money, the financial repercussions will be enormous. Here are but a few things that are likely to happen in the short term of a financial meltdown:

· Big banks will suffer huge losses due to stock market losses and other risky investment bets (such as derivatives) gone afoul.

· Bonds, including sovereign/government bonds such as U.S. Treasurys, will become greatly devalued.

· Bank assets will shrink considerably compared to their liabilities (what they owe others).

· Bank liquidity and credit will freeze up (as we saw in 2007-8); in other words, banks will no longer trust and want to lend to each other.

· Central Banks will no longer have the means to bail-out their buddies (the big banks) nor will they be able to adjust monetary policy such as lowering interest rates (since they are already at or near zero).

· The U.S. dollar and other fiat currencies may be strongly devalued.

· Natural market forces will dictate higher interest rates to cover the additional risk of bonds and other lending instruments.

· Inventory systems for many businesses will become dysfunctional, as transportation of goods will be greatly interrupted (due to the lack of credit and payment for such goods through the banking system).

· As per the previous point, goods (including foodstuffs) on store shelves can be emptied in a matter of weeks.

· Poverty, despair, and civil unrest can easily follow.

· Governments may impose curfews, Martial Law, Capital controls (restrictions on movement of money to and from bank accounts and at border crossings).

· Banks may impose limits on daily cash withdrawals at their ATM machines (as we recently saw in Greece).

· The demand for physical gold and silver is likely to skyrocket, as people will be in need of real money.

· Confiscation of people’s assets (such as gold) may occur (as U.S. President Roosevelt did During The Great Depression in 1933).

· Higher rates of crime, depression, and suicides may result as poverty and despair sets in.

CONCLUSION:

I am not trying to sound so pessimistic but rather want to convey a realistic tone. These types of events have occurred before in history. Have we learned from them? For the most part, no. If people are too blind and ignorant to face up to the mess we have allowed ourselves to get , then we what do we deserve?

Fortunately, there is still time to get prepared. Get your financial affairs in order; make sure you have a lot of cash handy as well as food, water, and other necessities for at least a month or two; get organized with your family and community members. Get better informed about what is really happening in the world. For this, you can consult alternative media sources.

It’s coming.

Be prepared!