Posted on 11/05/2013 2:35:15 PM PST by Carbonsteel
Take immediate steps to protect your wealth . . . NOW!
That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.
Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”
(Excerpt) Read more at moneynews.com ...
The politicians in Washington are inept, no doubt, but at this point what they are doing has to be deliberate. No way could they screw up this bad on so many issues for this long with result ALWAYS being harm to the country. This is on purpose!!
So, what are these immediate steps we need to take? Inquiring minds want to know.
Obamacare is going to kick the economy in the groin.
Except in our case the thieving politicians will be long dead when the "chickens come home to roost".
The ‘article’ is really an ad.
Rich families hoarding cash: Citi
A new survey of family offices by Citi finds that the wealthy are cash heavy—meaning they may fall short of the investment returns they’re expecting.
Wealthy families have about 39 percent of their assets in cash, according to a recent poll of more than 50 large family office representatives from 20 countries conducted by Citi Private Bank.
Stocks represented about 25 percent of portfolios on average. Bonds were about 17 percent of the asset mix and various classes of less liquid and alternative investments amounted to 19 percent.
http://www.cnbc.com/id/101157290
I believe we will have to choose between/no among eating, medications, and fuel for travel and warmth.
When the power is shut off civilization ceases in three, two, one.....
bump
True, but the wealth of politicians, their friends, and lobbyists will keep getting greater. Does anyone else really matter? Mugabe lived like a billionaire while his country fell apart. Castro has had a luxurious life and so has the Chavez family. We can have the same here.
Keep your powder dry.
Oh yes, sell the National Parks and other realestate assets to China for cash or to release us from our debt so that we can take on more debt.
/sarc
They are gonna lose fifty-percent of their “wealth” (if that means stocks) because the market is probably that overvalued.
Its a bubble. hot air.
Both incomes and net worth for average Americans have been declining in the past 5 years or so, so this is not anything new. We do know that things will accelerate as the SHTF... which should be pretty soon.
Markets are mostly fake except for oil and other commodities.
Fabor has been saying this for a long time. I remember the books speaking about
I also would like to know. It seems to me that wealth can't be protected. Cash will lose half it's value just through hyperinflation, and large amounts will be seized. Gold and silver may be seized or be declared illegal to keep. Property may be seized. Or become worthless. Only thing to do is to cross your fingers and hope something retains it's value, and survive. We're all going to become poor because of evil men like Obama.
What the hell is going on here? The fat cats must have figured out some way to protect themselves. But, if this is going to be a world wide recession that we are causing how can they do it?
I've been scared for a while and have sold out of some stocks to put money in cash. But, that won't mean much if a can of soup is $15.00 next month. Does anyone have any ideas beyond smart assed remarks?
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