|
"The means we use must be as pure as the ends we seek" -- Martin Luther King, Jr
Download
Download
We are ONE
"Asymmetry
is a
Keyboard"
Google, your data suppression methods are obvious, easily recorded, abysmally inept and generally pathetic.
The simple fact that you actively engage in suppressing this and other alternative news sites means we have won and TRUTH will prevail in the end.
Sister sites and affiliates:
Current active site here.
|
|
 |
|
Elites Jumping Ship As Financial Collapse Draws Near
by Mac Slavo via jane - SHTFplan Sunday, Jul 30 2017, 12:18am
international /
prose /
post
It’s easy to think of the political and financial elites who run our world as lofty and all powerful. They command dangerous governments that can wield devastating weapons, central banks that treat our economy like a rigged casino, media conglomerates that pacify the minds of the public, and unbelievably wealthy corporations that have concentrated wealth to an unprecedented degree. However, they’re certainly not invincible, and the systems of control that they’ve created are rapidly diminishing. Most notably, they seem all to aware of the fact that the global economy is headed for a crash. On the rare occasion where you can catch one of the elites in a moment of candor, they’ll tell you that the party is almost over.
Mohamed A. El-Erian is a bona fide member of the global power elite (a former deputy director of the IMF and president of the Harvard Management Co.). Yet he writes in a fairly accessible style on the popular Bloomberg website. When El-Erian talks, we should all listen.
In a recent article he raises serious doubts about the sustainability of the bull market in stocks because of reduced liquidity resulting from simultaneous policy tightening by the Fed, European Central Bank (ECB) and the Bank of England.
He says stocks rose on a sea of liquidity and they may crash when that liquidity is removed. This is a warning to other elites, but it’s also a warning to you.
Their actions are quite telling as well. Sovereign wealth funds, which are largely funded and owned by powerful governments to invest in domestic industries, are jumping ship.
Among sovereign wealth funds, the Government of Singapore Investment Corp. (GIC) is one of the largest, with over $354 billion in assets. So what does the head of GIC say about markets today?
Lim Chow Kiat, CEO of GIC, warns that “valuations are stretched, policy uncertainty is high” and investors are being too complacent.
GIC allocates 40% of its assets to cash or highly liquid bonds and only 27% of its assets to developed economy equities.
Meanwhile, the typical American small retail investor probably has 60% or more of her 401(k) in developed economy equities, mostly U.S.
In other words, the investment arms of wealthy nations are pulling out of the stock market and out of companies in their own economies (developed economy equities), and putting their money into assets that can be quickly turned into cash. It’s practically an admission by the elites, that they think the economy is completely unstable.
But this is just the latest warning sign that the elites are getting nervous. Corporate executives have been selling their stocks at an unprecedented rate for several months. Meanwhile, ordinary people are still placing their faith and their bets on a stock market that most experts agree is completely unsustainable.
And let’s not forget that “luxury bunkers” have become immensely popular, and that the super-wealthy have also been buying remote retreats all over the world. Are they afraid of what the public is going to do to them when their phony economy crashes and leaves everyone broke? Are they positioning themselves for a crash that they know is coming?
All of this suggests that the wealthiest and most connected among us know that chaos is in our future, and they’re getting ready for it. Ignore them at your own peril.
Copyright applies.
http://www.shtfplan.com/headline-news/the-elites-are-jumping-ship-as-the-financial-collapse-draws-near_07272017
<< back to stories
|
|
|
printable version
PDF version
