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MoneyNews: Economists Faber, Schiff Caution: Prepare For 'Massive Wealth Destruction'

Wednesday, 03 Jul 2013 - Take immediate steps to protect your wealth . . . NOW!

That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.

Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”

When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.”

Faber points out that this bleak outlook stems directly from Federal Reserve Chairman Ben Bernanke’s policy decisions, and the continuous printing of new money, referred to as “quantitative easing” in the media.

Faber’s pessimism is matched by well-respected economist and investor Peter Schiff, the CEO of Euro Pacific Capital. Schiff remarks that the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

Schiff didn’t stop there. Most alarming is his belief that daily life will get dramatically worse for U.S. citizens.

http://www.moneynews.com/MKTNews/Massive-wealth-destruction-...



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Great Wealth Destruction

Oh CRAP
Let me figure out the math real quick.

Current net worth = 0
Times destruction of 80 % - hmm ok, move decimal ...

Damn -looks like I still have no wealth to lose.

Oh, unless you count that 401k that I cant tap into for another 30 years or so.
LOL.

The Solution is a Currency with an Infinity Denomination.

We print a currency with an infinity denomination on it and pay off everyone and everything with it. Then everyone feels like a winner. The rule should be one separate script piece of paper for each separate item.

I call them "Infinity Dollars".

Unknown if you are part of, or just ignorant of this fraud...

But, this is a infomercial for the plagiarizing, copycat, Fed loving, Trump, News-max and Wiedemer! Their disinformation says neither Ron Paul nor Peter Schiff knew or predicted the bubbles, since Wiedemer was the only one who knew it all and predicted!?!

Their fraud includes the shallow explanation of causation, which sounds like 'Johnny-come-lately' copying all of Ron Paul's and Peter Schiff's statements and graphs, except leaving out the early warnings and the FED! It is a simplistic regurgitation of the politically correct portion of Ron Paul's warnings, giving the reader the impression that Wiedemer was the only one in the know! News-max true to form and deceiving as usual! Except, they protect the FED... and they are wrong to boot!

The infomercials are outdated, recorded in 2011 likely, and have already been proven wrong!

1. Anytime the anti-Ron Paul, Fed loving Trump, Newsmax, and Weidemer are involved, you know that they are pinching for your money!

2. To mention those names together with Schiff is just name dropping and conning viewers into buying their lies;

3. They expend there whole shtick on a fake analysis of the real causes of the theft of wealth, the collapse of the dollar, and defrauding of the people. They not only never mention the real enemy and cause, the Federal Reserve Bank, but use a simplistic discussion of symptoms as the cause of their own problem... end result of their scripted infomercial turns out to be invest the same way the big boys do it! The films promoted are obviously not an interview, but read from a wall script.

4. ...buy our book for our secrets to making 1,000,000 from only 50,000; and many other super secret ideas which our good friend Warren Buffet will share with you, but you need to act fast since we are giving this all to you for free at great cost to us... and of course invest in our special offer!?

5. They promote getting rid of gold holding in favor of buying into ETF's, futures, or other depository gold housing, in which they assure you that the gold is yours, which you do not hold, but can have anytime [and I have a bridge from London to sell]?! How has that worked out for all the people in the over sold futures market?;

6. Don't pay off your property, but refinance for more money to invest with us;

7. And even more... but not worth listening!

And that is only the beginning of their fraud. It is apparent that they are capitalizing on the Ron Paul generated movement against the Fed and concern for the economy, but doing so in a way which not only brings your money to them and into the system, but does so by claiming the foreknowledge of the likes of Ron Paul and Peter Schiff as their own, dropping names, copying charts, and doing all this while protecting the reputation of the FED from harm!

How... Newsmax'y!

Beware of CFR puppets!

To know the real causes of the decay of the US dollar, one need only read Ron Paul's books, 'End the Fed', and 'Revolution: A Manifesto'!

To know what to do, after reading those, is sort of a redundancy! Knowing the cause is to know your solution! It becomes self evident!

Ron Paul 2016! Get used to it!

Peter Schiff points out,

“If we keep doing this policy of stimulus and growing government, it’s just going to get worse for the average American. Our standard of living is going to fall..."