Billionaire Warns: Yellen Collapse 'Will Be Unlike Any Other'
Money News
Another horrific stock market crash is coming, and the next bust will be “unlike any other” we have seen.
That’s the message from Jeremy Grantham, co-founder and chief investment strategist of GMO, a Boston-based firm with $117 billion in assets under management.
Grantham pulls no punches when he discusses who he holds responsible for the coming financial carnage. In a recent interview with The New York Times, he calls Federal Reserve Chair Janet Yellen “ignorant” and said the Federal Reserve all but killed the economic recovery.
He also says that he isn’t putting his clients’ money into the market right now.
Read Latest Breaking News from Newsmax.com:
http://www.moneynews.com/MKTNews/economic-JanetYellen-stockbust/2014/03/26/id/561923#ixzz2xpsJsp1n
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Inserting Phony data statistics begets phony numerical results. In other words, “garbage in equals garbage out”. Put another way: There are lies, damned lies, and government-manipulated statistics.
The fed is owned by the big banks. They have printed trillions of new money out of nothing. They loaned it to themselves, and then used it to buy stock. That is why the dow is as high as it is today. This is called the “PUMP” phase. They will sell everything when the market won’t go any higher. This is the “DUMP” phase. Then comes the “CRASH” phase to reset the value of the dow down to what it should be. They know they can only make money in a rising market. So the market has to be reset to its minimum value. This is the “DEPRESSION” phase. After enough people who bought high have panicked and sold low, the banks and the fed will start the whole process over again.
So GET READY. IF YOU OWN STOCKS, SELL OUT WHILE AT THE TOP. DON’T WAIT FOR THE CRASH AND THE BOTTOM. BEAT THEM AT THEIR OWN GAME WHILE YOU CAN.
Someday the voters will demand that the fed and the big banks be nationalized like they did in France in the 80′s. The net result was that France stayed in the depression phase until the government sold the rich people back their banks. You can’t win this way.
P.S. HELLFIRE is waiting for the rich maggots that control & ordain this whole process.