Investors should prepare for more wealth destruction
Gesara.news » News » Investors should prepare for more wealth destructionNews Date: October 2, 2021
Senior brokers are warning their clients to pull money out of the stock market.
Investors seem to be nervous. And perhaps rightfully so.
A 48-year market vet warns that investors should prepare for more wealth destruction than we have ever seen as the Fed gets set to tighten policy.
David Hunter reiterated his call for a steep decline in stocks ahead.
He said he expects the S&P 500 to drop as much as 80% from its peak.
Hunter said Fed tapering would trigger the crash. Investors seem to be nervous. And perhaps rightfully so.
Stocks are up 90% from the lows in the last year-and-a-half, an extraordinary bull run.
Many measures of valuation show historic over-extension.
The Federal Reserve is getting set to taper asset purchases.
Treasury bond yields are expected to rise.
Personal finance expert Robert Kiyosaki warned the October crash is coming regardless of whether the US debt ceiling is raised or what measures are imposed by Treasury Secretary Janet Yellen or Federal Reserve chair.
Sources: flipboard.com, www.independent.co.uk
Why is gold valuable?Gold is abundant enough to create coins but rare enough so that not everyone can produce them. Gold doesn't corrode, providing a sustainable store of value, and humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth.
Gold cannot be destroyed by Water, Time, Fire.
Gold doesn't need Feeding, Fertilizer, Maintenance.
Gold is Malleable, Ductile, Beautiful, Rare.
Multichain integrates XRP LedgerMultichain is supporting XRP Ledger (XRPL) for cross-chain connection with EVM and non-EVM compliant blockchains.
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Introducing the new global financial systemAnswers provided by Sergey Glazyev, Russian Geoeconomics Tzar:
The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources.
And it will liberate the Global South from both western debt and IMF-induced austerity.
Transition to the new world economic order will likely be accompanied by systematic refusal to honor obligations in dollars, euro, pound, and yen.
In this respect, it will be no different from the example set by the countries issuing these currencies who thought it appropriate to steal foreign exchange reserves of Iraq, Iran, Venezuela, Afghanistan, and Russia to the tune of trillions of dollars.
Full article: Authored by Pepe Escobar via The Cradle
IRS Closing, Trump proposes eliminating payroll taxIRS Quietly Closing Offices During COVID-19 Crisis, But Union Says It's Not Enough.
Trump proposes eliminating payroll tax through the end of the year.
Remember NESARA Section 2. Abolishes the income tax.
Petition to Announce and Implement NESARA act passed under Obama administrationThe petition to Announce and Implement the ACT - NESARA reached its goal of 5000 Signatures under Obama administration.
It was created by F.P. on September 28, 2011 and reached 6,623 signatures.