Doom Alert: Ron Paul: Trade War & Economic Collapse Coming. Doug Kass: Market Feels Like 1987 Right Before The Crash. 900 Year Old Prophecy Says Next Pope Will Oversee End of Days. And Global GDP Bomb Just Exploded Today While Currency Wars Nearing A Full Blown Breakout. Will Next Market Crash Be The Last?
Ron Paul: Trade War & Economic Collapse Coming
Ron Paul was on Bloomberg’s Lunch Money discussing the developing currency wars. Paul states that the currency wars have been ongoing for decades, but they are now gearing up, but that government’s always compete to devalue their fiat currencies.
Paul informs the Bloomberg host that the loss in purchasing power from currency devaluation in a currency war devastates the middle class, and cancels out any slight benefit that you might be getting temporarily in terms of trade.
Paul also states that one day soon people around the world will reject all fiat currencies, and we will move into an age where people want to buy hard assets, and that this has already started with real estate, gold, & silver.
Paul’s full interview on the coming economic collapse is below:
Doug Kass: ‘Market Feels Like 1987 Right Before The Crash’
Kass puts on his bear suit.
‘I’m getting the ‘summer of 1987′ feeling in the stock market, which means we’re headed for a sharp fall.’
Global GDP Bomb Explodes: Japan Q4 GDP Disappoints, German, French GDP Contract By More Than Expected, Italian GDP Fell By 0.9%, Eurozone GDP Contracts 0.6% Numbers out of Greece and Portugal Are Also Awful, Futures Slump As Global Q4 GDPs Dump!!!
It started in Japan, where GPD came in at -0.1%, vs expectations of 0.1% growth.
Meanwhile, GDP numbers across Europe are lower as well.
Specifically, Germany saw economic contraction of 0.6%, while France saw contraction of 0.3% in Q4, according to MarketWatch.
Italian GDP fell by 0.9%, also worse than expected.
Eurozone GDP fell 0.6% vs. expectations of a 0.4% decline.
Numbers out of Greece and Portugal are also awful.
Read more at http://investmentwatchblog.com
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