This Is What Has The United States Truly Terrified
King World News
As the chaos in Washington and global markets continues, today KWN wanted to publish a portion of a powerful piece that was written by a 60-year market veteran. This piece was written earlier this year and it discussed what has US central planners truly terrified. What is fascinating is how timely the piece is today.
Richard Russell: “Bear market? Sure, back in the year 2000, for only 273 dollars you could buy one ounce of gold. But by 2012, you needed over 1600 dollars to buy the same one ounce of gold. The eternal value of gold doesn’t change. It’s the purchasing power of the Federal reserve note that has changed.
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Whistler Blowers, Insiders
I am calling B.S…….
The market goes in one direction STRAIGHT UP….I have been reading for 10 years now how terrible the U.S. economy is and that it is going to collapse…Well at some point you have to start calling B.S….
However, I am sure if you yell fire long enough one will happen….
But for now…the Economy is great, people are fat and happy…the jobs numbers are rosy…and jobs are plentiful…..
Hamilton…
That is the most ignorant, uninformed, head up your arse reply I have ever read.
It is so obvious that the American economy is on the verge of implosion that even a five year old in Outer Mongolia can see it….
And you can’t ???????
I applaud those who called this out as BS. Upon closer inspection, one can see an underpinning theme to all of the collapse theories, and that is they usually come from and/or quote some investment manager who is trying to sell you their investment, be it gold, silver, etc. The others are alternative media who have adopted the MSM’s age-old strategy of ‘If it bleeds, it leads’ to boost their own brand, which is tied to ratings, which is tied to what they get paid. It always comes back to money. Stop listening to self-serving financial theories from the new internet hucksters.
Hamilton: We are in THE GREATEST DEPRESSION that this county has ever known I don’t mean to be rude, but where do you get your information from?
Hamilton is right. When you have been hearing that the economy is going to impede since 1958, well it gets a little tiring. The economy has been imploding for well over 50 years that I can remember, so it must be a VERY slow process. Plus the stock market is up, the deficit is dropping like a rock, and my house is going back up. Corporate profits are at an all time high. Damn this economy.
Yep fear mongering at its finest.