“You and I both know that government spending is obscenely out of control and we’re in debt up to our ears. The only reason we haven’t had an economic collapse yet is because the dollar is the world’s reserve currency. This means the U.S. government gets to turn on the printing presses and create dollars out of thin air.
Now, even the smart money is beginning to pull their money out of stocks while they still can and stories have emerged about the exit plans the wealthy have been making to stockpile assets and bug-out property outside of the United States. According to USA Today, mutual fund investors have pulled more money out of stocks than they have put into stocks for 16 weeks in a row…
In a sign of stock market nervousness on Main Street, mutual fund investors have yanked more money out of U.S. stock funds than they put in for 16 straight weeks.
The last time domestic stock funds had positive net cash inflows was in the week ending Feb. 25, according to data from the Investment Company Institute, a mutual fund trade group.
In the week ended June 17, the most recent data available, mutual funds that invest in U.S. stocks suffered net outflows of $3.45 billion, according to the ICI.
Since late February, U.S. stock funds have suffered estimated outflows of nearly $55 billion. Those net withdrawals come despite the fact the benchmark Standard & Poor’s 500 hit a fresh record high of 2130.82 on May 21 and the Dow Jones industrial average notched a fresh record on May 19.
But it isn’t just stocks that are going to crash during the next financial crisis. Bonds are going to crash as well…others too have been sounding the warning bell:
Ron Paul has just released a new video in which he warned all of us to “prepare for a bear market in bonds“.
Max Keiser recently told Alex Jones that a great financial collapse is coming.
Martin Armstrong says that his Economic Confidence Model predicts that the “Big Bang” is coming in “2015.75“.
Jeff Berwick of the Dollar Vigilante says that “we’re getting very, very close to the next crisis collapse” and he has specifically pointed to the month of September.
[Regardless of current economics, I feel the balance of the 21st Century will be the Asian Century].
How’s the economy really doing? Look at Americans’ income (Market Watch): "Lots of the economic numbers we report each week are divorced from the reality of everyday Americans. Can you feel the difference when gross domestic product decelerates? Is your sleep troubled if durable-goods orders fall more than expected? Do you get giddy when housing starts surge? But there’s one economic data point that hits everyone right in the pocketbook: income.“
It’s budget time – yet another occasion for Wall Street lobbyists and their friends on Capitol Hill to go after the agency conceived by Senator Elizabeth Warren to bring fairness and transparency to the banking and lending markets. Once again, the special interests have made a special target of Washington’s only financial regulator with a mandate to put the interests of consumers first – an agency that over the past 4 years has delivered $5.5 billion in refunds and restitution to consumers cheated in one way or another by financial companies big and small.
You're Being Secretly Tracked With Facial Recognition, Even in Church
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