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More and more insiders are warning of a potential systemic event.

The situation in Greece has very little to do with politics or economics. Instead it is entirely focused on just one thing.

This is the REAL issue with interest rates, NOT the economy. 

The Fed and Feds can talk about recovery all they want. But it’s just talk. If the US was truly in recovery, interest rates would be rising.

Unfortunately for stocks, this time around the Fed isn’t engaging in QE anymore... so that market prop won’t be in place.

We believe that the above chart is telling us that this Super Cycle of leveraging is ending. What's coming next won't be pretty.

In short, the era the phony recovery narrative has come unhinged.  We have no entered a cycle of actual price discovery in which financial assets fall to more accurate values. This will eventually result in a stock market crash, very likely within the next 12 months.

The similarities between today and the 1929 era suggest a massive crash could be appraoching.

This has infuriated the Fed and is forcing it to take more and more aggressive measures to trash cash.

The bounce in risk we are witnessing today will not last. The underlying moves in the largest markets in the world are equal to those we saw during the 2008 Crash. Stocks are ALWAYS the last to "get it."

The Fed and other Central Banks not only don’t have a clue how to fix the problem, but that they actually have almost no incentive to do so. 

More and more analysts are beginning to take note of the “War on Cash.” However, they’re missing the fact that the actual template for what’s coming to the US first appeared in Europe back in 2012.

This has created a REAL problem for the Fed… and it’s going to result in a far more aggressive campaign to TRASH cash going forward.

This would suggest that the bull market in stocks is ending. It’s quite possible that a significant top, and possibly THE top is in for stocks.

This same process has likely begun for the markets again… but this time it will be global in nature as the bubble in question is not just in stocks but in bonds, commodities, real estate… indeed in the very Central Banks themselves.