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Something interesting on the financial front

10 Oct

I don’t normally put up or re-post anything from Gains Pains & Capital but thought that the author, Graham Summers, might be onto something here.  Then consider what Marc Faber has to say about: Market Setting Up for Serious Setback.   Below is what Mr. Summers, of GP&C has to say about the current situation.  Mr. Faber only seems to substantiate Mr. Summers, and that is interesting.

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The chart below is of the S&P 500 since the day QE 3 was announced.  As you can see, stocks are DOWN.

Let that sink in for a moment… the US Federal Reserve has announced an unlimited program and stocks have FALLEN.  The same is true in Europe where the ECB announced an unlimited bond buying and Europe’s most troubled market: the Spanish Ibex has FALLEN.

So… we’ve got both the Fed and the ECB, the two most important Central Banks in the world have announced unlimited money printing programs and the markets are DOWN.

When it hits in full force, we’re going to seeing major banks go under, market crashes, food shortages, government shutdowns, and SYSTEMIC FAILURE.

Yes, I believe that before this mess ends, the financial system as a whole will have collapsed. What’s coming is going to make 2008 look like a joke.

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If you don’t have PM’s in your (stash) portfolio, you may want to rethink your position.

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4 Comments

Posted by on October 10, 2012 in Committee of Correspondence

 

4 responses to “Something interesting on the financial front

  1. Wildflower

    October 11, 2012 at 6:43 am

    going to get screwed one way or another

     
    • The Soffitrat

      October 11, 2012 at 3:08 pm

      Yep. When you try to avert disaster, TPTB goes another direction to get your money.

       
  2. Dannyboy53

    October 11, 2012 at 3:29 pm

    “If you don’t have PM’s in your (stash) portfolio, you may want to rethink your position.”

    Or ride a horse to the grocery with your saddle bags stuffed with worthless currency! If people believe a change in the occupant of the White house will save them, then let them think so. Maybe we will then get the much needed change, after that will come the surprise (shock) than can’t be stopped.

     
    • The Soffitrat

      October 11, 2012 at 11:22 pm

      We might all be bartering for four legged critters before long.

       

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