Preps and Solutions
(Sponsored Ads)
Block Cubed - Cryptocurrency and Blockchain News
  • “This News Is Massive” Unikoin Gold (UKG) CEO Responds To Supreme Court Ruling That Legalizes Sports Betting
  • Blockchain Smart Contracts
  • Understanding the Difference Between Proof of Work vs. Proof of Stake
  • Silver
    Strategic Relocation
    Recently Posted Articles and Videos
    Ready Nutrition - Homesteading and Preparedness
    Ready Gardens - A Ready Nutrition Company
    The Daily Sheeple
    The Prepper Website
    SGT Report
    The Daily Coin
    top Prepper Web Sites
    Featured Destinations
    The Liberty Mill
    Web Destinations

    Clarocet for Kids
    Silver

    Capital Concentration is Moving Out of America, Into Gold

    Mac Slavo
    May 21st, 2009
    SHTFplan.com
    Read by 71 people

    Bob Chapman, The International Forecaster, says Depressed America is No Longer The Safe Harbor It Was For Investment.

    The sanctity of contract no longer exists. There no longer is a rule of law. The law is what the President says it is. We can imagine the negative affect this is going to have on investment by foreigners in the US as well as foreigners further holding of dollars. Capital will now feel unsafe in America and you can expect capital to flee such a capricious government. America is no longer the safest harbor for capital. This capital will now begin to move elsewhere and into gold.

    Investors around the world saw what happens to bond holders (like pension funds) when the US government steps in to manage a private company. When secured lenders, who should have first dibs at repayment get had, people take notice.

    Anyone who believes the market rally of the past ten weeks is going to extend further upward we believe is mistaken. We are 35% off the bottom and there is no good news. In fact, it is worsening in spite of the fact that consumer confidence has risen because Wall Street, Fed, Treasury and selected elitists tell us the bottom is in and things will soon improve. V-shaped rallies always have to retest their lows. The next visit to 6,600 Dow will see panic selling and any further rally would be sold into by those sufficiently troubled by still being down 35% to 50%. Don’t forget as well that more and more prime mortgages are going into foreclosure due to the worsening economy and loss of good paying jobs. Then there is the enormous overhang of ALT-A and Option-ARM resets, which will accelerate as the year moves on. These residential and commercial loan problems, as we have said before, won’t end until 2012. Any hope of a recovery during the next 8 years is wishful thinking. The fundamentals of the previous two stock market bubbles and the real estate bubble have been broken and it will take years for the markets and the economy to adjust. Just because things are not as bad as expected doesn’t mean they are good.

    If you’re a bull… then toro. But be prepared to get slaughtered. This is a bear market rally, and whether it turns now or the Dow Jones goes to 10,000 before a breaking point, turn it will.

    Read the rest of this article

    Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
    The Most Trusted Tactical Gas Mask In The World
    Please Spread The Word And Share This Post

    Author: Mac Slavo
    Views: Read by 71 people
    Date: May 21st, 2009
    Website: www.SHTFplan.com

    Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

     

    Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

    Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

    Dedicated IP Address: 69.167.174.108

    The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

    SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.