October 7

Martin (Weiss): There’s a finite date associated with your forecast. Please explain.

Larry (Edelson): It’s October 7, 2015, when we enter a new phase of the global economy, a phase when everything starts to hit the fan at once. It doesn’t necessarily mean that a precipitous event will occur on that day. There may be, there may not be. But it does mark a line in the sand between two eras:

* The current era when government debts continue to grow with reckless abandon, when nobody really gives a hoot and …

* A new era, when we’re all going to have to pay a big price for that government debt.

It’s a giant shift in the entire economic landscape, a time when governments must finally meet a great day of reckoning. I call it the “Great Convergence.”

Martin: When’s the last time we’ve seen a convergence point of this magnitude?

Larry: In 1929.

From http://www.moneyandmarkets.com/72473-72473