Stock market is 50% to 80% overvalued; experts warn historical crash now imminent

(NaturalNews) Despite the recent rebound in stock values following a major plunge caused by China’s currency devaluation and resultant market losses, a number of notable economists and distinguished investors say the worst is yet to come – and it could be catastrophic.

As reported by the The Sovereign Investor web site, billionaire Carl Icahn is among those who have recently tossed red flags into the air. Icahn recently declared in a national interview, “The public is walking into a trap again as they did in 2007.”

Everybody preparing for a ‘September event’ that coincides with Shemitah

What is the Shemitah? It is the “Sabbath year,” which is also known as the sabbatical or sheviit; the seventh year of a seven-year agricultural cycle mandated by the Torah, Judaism’s religious guidance, for the Land of Israel.As reported by CBN‘s “The 700 Club,” Shemitah “is about the events happening in America and around the world that were predicted to the time and date of occurrence” based on writings and interpretations in the Torah.

Religious historical reference

Some believe the Shemitah portends a “day of reckoning” for the United States.

Reagan’s OMB head: Wealth inequality is a problem

But Stockman says blame lays not with the tax code (indeed, he pioneered a trickle-down approach to taxes under Reagan) but with the Fed.Obama “is talking about a symptom, but he’s clueless as to the cause. The cause is not capitalism. The cause is not some entrepreneur out there trying to invent something and improve the performance of his business. The problem is in the Eccles building [home to the main office of the Fed] and in the 12 people sitting there and thinking that interest rates are some magic elixir that’ll cause this very troubled and difficult economy to revive,” Stockman said.

Iran: ‘Thousands of missiles’ to rain on Israel

Threatens massive strike if military action launched on Syria

Iran is threatening to launch a massive missile strike against Israel if the United States attacks Syria for using chemical weapons against its own people, which could touch off a full-blown war in the region.

“The day of reckoning is near,” according to Hossein Shariatmadari, the chief editor of Keyhan newspaper, an outlet controlled by Iran’s supreme leader, Ayatollah Ali Khamenei.