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Flight of Capital From Europe Reflects Brewing Crisis
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
edegrootinsights.blogspot.com / By Eric De Groot / August 7, 2012
Capital fleeing Europe has reached staggering sums. Flight from Spain alone has exceeded one fourth of their approximately $1.4 trillion GDP.
Capital has been fleeing a collapsing economy created by a combination of excessive debts and austerity. This combination has created a deflationary depression in Spain.
Individuals and corporations either not subject to or able to circumvent the new capital control laws continue to withdrawal funds from Europe in the face of growing uncertainty and economic stagnation.
Buying gold for Spanish citizens is not a matter of diversification but rather financial survival. Capital fleeing Europe should continue pushing up US stocks to bullish extremes (chart). Caution towards stocks will be warranted only after statistical extremes have been reached in the coming months/years.
Thanks to BrotherJohnF
2012-08-07 15:37:49
Source: http://silveristhenew.com/2012/08/07/flight-of-capital-from-europe-reflects-brewing-crisis/
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