Billionaires Dumping Stocks, Prepare Your Food Stores if You Haven'tSubmitted by Sue4theBillofrights on Wed, 07/03/2013 - 20:12
Good advice I have heard: watch for Russia dumping its dollars. Money News says significantly:
Wiedemer calmly laid out a clear explanation of why a large [stock market] drop of some sort is a virtual certainty.
It starts with the reckless strategy of the Federal Reserve to print a massive amount of money out of thin air in an attempt to stimulate the economy.
“These funds haven’t made it into the markets and the economy yet. But it is a mathematical certainty that once the dam breaks, and this money passes through the reserves and hits the markets, inflation will surge,” said Wiedemer.
“Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems.”
Financial press now sounding like a pack of Ron Paulers?
Got your 6-month food stores yet? Better buy it while you can afford it (How many guys here are prepared to ride out a disaster/economic crash, food, etc.?)
Why are we in this mess? The main reason is the up to $23 trillion in bail-outs. we are giving to the bankers, the equivalent of more than five entire US yearly federal budgets (where's that in the Nightly News?). Put the big bankers in jail, like Iceland did. As Benjamin Fulford says, "They are just a few old men, we know who they are, we know where they live. They are holding up the entire human race, ARREST THEM!)
Billionaires Dumping Stocks, Economist Knows Why
Monday, 01 Jul 2013 09:14 PM
By Newsmax Wires
Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.
Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.
In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.
With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome.
Unfortunately Buffett isn’t alone.
ARTICLE AND VIDEO HERE: http://www.moneynews.com/Outbrain/billionaires-dump-economis...
Photographs of the former Icelandic bankers who left their country after the financial crash were stuck on the urinals. (AFP: Olivier Morin, file photo)