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Peter Schiff and Jim Rogers on the U.S. Economy: Be Afraid… Be Very Afraid (Videos)
At what point will Americans wake up and decide to take notice that the country is on fire? As a matter of fact, the country is a blazing inferno right now, and just because Obama and his lackeys in the mainstream media say the heat people feel is the result of a perfectly sunny day without a cloud in the sky, DOESN’T make it so!
While fools listening to Obama with talk about his “recovery” got their financial clocks cleaned on “Black Friday,” do you know who made a fortune while Brexit crashed the global economy? George Soros did. That should not surprise anyone the least bit who has even the slightest understanding about what is ACTUALLY happening economically. More on that below…
As Peter Schiff points out in the first video below, the same people Gold Core referred to as “less informed money” BEFORE the Brexit market crash, should probably be referred to as “completely clueless money” now. Sure, some of the market turmoil we’re experiencing right now is the immediate aftermath effect of Brexit, but don’t be fooled! The underlying root causes of America’s economic woes have NOTHING to do with Brexit. In the video, Peter does his best to warn “less informed money” not to be duped by the coming head fake the Fed and Democrats are going to try to pull.
At this stage of the election cycle, it’s all but a certainty the Fed has a ZERO percent chance of raising interest rates even one time this year, let along the 4-6 times originally forecasted at the beginning of 2016. Why? Janet Yellen is the Fed Chair, and an appointee of Barack Obama. Yellen also fancies herself a team player on Team “Hope and Change,” so you can be sure she’ll do whatever it takes to make it look like the Fed’s policies have worked under President Obama, in order to give Hillary the best chance to win in November.
This close to the election, there is no upside to raising interest rates. At best, raising them would be a serious risk to the economy, but more likely raising them would have catastrophic consequences, so it’s never going to happen.
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FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
What’s been puzzling many economists, is how the Fed could reverse course, cut rates, go another round of quantitative easing (since the first three went so well and all), and artificially prop up the markets until after the election without it being an admission that Obama’s economic policy has been an abject failure. For years now, despite over 100 million Americans not working, Team Obama has been pushing the same nonsensical narrative to “less informed money” voters that the U.S. is in a “recovery.”
Any actual “recovery” would have no need to prop up the markets with interest rate cuts or more quantitative easing, but Democrats running on Obama’s economic policies sure do. Peter explains how the Fed has been searching for a face saving excuse to cut interest rates and stimulate artificial growth with an enormous round of QE4 for a while, and Brexit just created the perfect scapegoat. DO NOT BE FOOLED! Listen to Peter explain how the enormous gains recently in silver actually confirm the breakout gains made by gold. The only reason prices stayed as low as they did for as long as they did, was because people bought into the “recovery” nonsense.
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What Americans have got to start to realize, is that the economy and the markets were doomed BEFORE Brexit. Don’t buy into the lies that are soon to follow about Brexit being the cause of financial collapse. Below, listen to an interview with famous investment commentator Jim Rogers that took place just days BEFORE Brexit. When asked if things are really as bad as they appear, and if they’re going to get worse, Rogers responds very candidly when he says:
“Of course it’s going to get worse. You SHOULD be worried … Get KNOWLEDGEABLE, get WORRIED, and get PREPARED! It’s going to be MUCH worse, and worldwide!”
Referring to what people should expect from the next crash, which is really going to be the collapse of the Dollar, he goes on to say:
“If this is happening now, with the stock market soaring and unemployment a bit lower than it was during the depths of the last recession, what is going to happen when things start getting really bad in this country?
Desperate people do desperate things, and if people are willing to hurl rocks and set horses on fire because they are upset at a political candidate, what are they going to do when there is no food for their families?”
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A dishonest media, horrible education system, lack of critical thinking skills, and overall “group think” mentality are going to be the death of many American families. As the article below says:
“The data is out there for everyone to see. Unfortunately, Wall Street is too busy ignoring the warning signs.
The underemployment rate is still at an unacceptable 14.6%, wages are stagnant, personal debt levels are high, and one in seven Americans are on food stamps.”
Of those who are lucky enough to have jobs:
“More than half of Americans are still living paycheck to paycheck.”
As I mentioned up top, George Soros made a fortune while Brexit crashed the global economy! Sure, he was long in the British Pound, and took a beating on that investment, but that was ONE investment of his. The article below details how he made a killing on “Black Friday.” The fact that Soros made a killing, SHOULD NOT surprise anyone, however most Americans are still buying the sh** politicians and the media keep shoveling, so instead they have no idea why!
Back in May, I wrote about Soros’ decision to liquidated 37% of his stock portfolio to buy gold. I talked about it ad nauseam. Why? It was ENORMOUS news! It should have been front page news EVERYWHERE! For those who don’t know, gold trades inversely to the U.S. Dollar, which means the only reason one of the wealthiest men on planet EARTH would buy THAT much gold, is if he was SURE the U.S. Dollar was about to tank… aka collapse.
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
FREE DETAILED GUIDE TO SURVIVING ECONOMIC COLLAPSE OR MARTIAL LAW HERE
For anyone who thinks my saying that ignorance is going to be the death of many American families is “fear mongering,” I suggest taking a look at Soros’ track record to determine how often he’s right with his predictions. In global currency markets, he goes by one of two nicknames: 1) The billionaire who broke the bank of England (from a move he made in the 90’s; and 2) The Currency Killer. Does it sound like he’s wrong often?
How do people think the story ends when the Dollar collapses?
The story is not a new one… just new to Americans. Even if you’re not financially astute, the article below and all of the links at the bottom have ALL the information you need to understand the most important thing: A financial tsunami is coming, and you better start preparing, especially if you have a family or kids to support. Once the collapse begins, you won’t get a second chance. If by some chance Devine intervention intercedes (because that is the only thing stopping a collapse), what have you lost by preparing? Nothing.
Peter Schiff has often been quoted saying, the Collapse of the U.S. Dollar will be the single largest event in ALL of human history. It will be, because it will be the first event in history to touch every man, women and child on earth. Not if, but when that happens, people are going to begin asking themselves how the U.S. will be able conduct trade with a worthless U.S. Dollar, and no gold? (Video). Short answer: By then it’s too late, and the U.S. is in a lot of trouble. Expect rioting. Expect empty food shelves. Expect Martial Law. Don’t forget who is funding groups that promise to cause enough chaso this election to warrant Martial Law too!
Exposed: Soros Funded BLM’s Twisted Plans To Escalate Chaos Forcing Martial Law (Video)
The world has never seen a collapse like the one that is coming, which is what originally prompted me to publish: What Exactly Does Global Economic Collapse Coming May 2016 Mean? To begin to explain it, In a recent interview, Dr. Jim Willie explained that that 10 years ago, roughly 72% of the world’s trade was done in U.S. Dollars. Today that number is down to 35-38% (and shrinking by the day), so on when on Friday, May 20, foreign banks began to publicly settle global trade in the yuan instead of the U.S. Dollar for the first time ever, it was a REALLY big deal! There are a lot of really big deals still yet to play out…
IT’S NOT TO LATE TO BEGIN TO PREPARE. WE’RE NOT VENEZUELA… YET!
When hedge fund billionaire George Soros sounded an alarm bell about the United Kingdom’s referendum to leave the European Union, he warned of a looming ‘Black Friday’ in the event voters chose to sever ties with the economic union. That’s exactly what happened on Friday and Monday: Trillions in equity market value was shed globally, the British pound fell to its lowest level in thirty years, and shares in Europe’s largest banks plunged to prices not seen since the global financial crisis.
In the early 1990s, Soros rose to legendary status in the hedge fund industry when he reportedly made over $1 billion betting against the pound as the Bank of England struggled to maintain a peg against a predecessor currency to the Euro. Soros, an advocate of the E.U. and a promoter of global economic cooperation, was long the pound on the Brexit vote. However, he made a trading windfall with other positions, including a $100 million bet against Deutsche Bank, a sizable put options bets against the S&P 500 Index, and a large holding in defensives Barrick Gold, and the SPDR Gold Trust ETF.
FOR MORE ON DEUTSHE BANK:
Dr. Jim Willie: Deutsche Bank Valued at -$1 Trillion; Economic Chaos Ahead
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
Dr. Jim Willie Predicted It; Deutsche Bank Admits to Rigging Gold Markets
Jim Willie: When Deutsche Bank Fails, Barclays, Citigroup, and More Will Fall Like Dominos
Filings with German regulatory authority, Bundesanzieger, show that Soros Fund Management had a short position amounting to 0.51% of Deutsche Bank’s shares outstanding, or roughly 7 million shares as of June 24. The short bet was disclosed the day shares in Deutsche Bank and other regional lenders had their stocks battered by the U.K.’s Brexit vote. On Tuesday, Soros covered a part of its short bet, now putting the bet at 0.46% of Deutsche Bank’s shares outstanding.
Soros also held a 19 million share stake in Barrick Gold, worth nearly $400 million at current prices, and a 1.05 million share position in the SPDR Gold Trust, worth roughly $125 million, according to filings with the Securities and Exchange Commission as of March 31. Those filings also show a 2.1 million share put option against the S&P 500 Index ETF, and a 1.6 million share put option against the Russell 2000 Index ETF.
Though Soros’ filings give some insight into how he may have made money anticipating the current chaos in Britain in the European Union, they paint an incomplete picture. Soros could have other currency, interest rate, fixed income, or derivative bets that are positioned for a turn in markets.
Michael Vachon, a spokesperson for Soros, didn’t immediately respond to an email seeking comment. Germany’s Bundesanzieger also shows that prominent hedge funds such as Third Point LLC, Marshall Wace, Polygon Global Partners and Blue Ridge Capital had short trades against German-listed companies.
In the U.K., data from the Financial Conduct Authority showed hedge fund Odey Asset Management held short positions against Aberdeen Asset Management, Anglo American, Ashmore, Bodycote, Inchape and Intu Properties. U.K. grocers Sainsbury Plc, Ocado Group, WM Morrison Supermarkets and Just Eat were a favorite short among hedge funds, according to the FCA’s data.
Other notable shorts include Jana Partners’ bet against Royal Mail, Lone Pine’s bet against Burberry, and Viking Global’s bet against Rio Tinto. Popular shorts include betting venues Ladbrokes and William Hill, in addition to infrastructure firms Weir Group, Mitie Group and Carillion.
GET YOUR FREE GUIDE TO SURVIVING MARTIAL LAW HERE
BE SURE TO CHECK THELASTGREATSTAND.COM FOR SURVIVAL GEAR!
IF YOU READ NOTHING ELSE, THE FOLLOWING POSTS ARE ESSENTIAL:
How Will the U.S. Conduct Trade With Worthless U.S. Dollars and No Gold? (Video)
Why Did Illuminated George Soros Liquidate 37% of His Stock to Buy Gold? (Video)
What Exactly Does Global Economic Collapse Coming May 2016 Mean?
Dr. Willie and Peter Schiff Together: Total Currency Collapse and Reset Coming
Economic Implosion Will Lead to Stock Market at 5,000 by 2017 Forecaster Says
When Obama Suspends 2016 Election, a Guide to Survive Martial Law (Videos)
FOR MORE GREAT MATERIAL FROM JIM WILLIE:
Dr. Jim Willie: The Corruption Cannot Stop the Masses! 3 Part Interview (Videos)
Dr. Jim Willie: Brexit Result Could Detonate Deutsche Bank!
Dr. Jim Willie: We’ve Got “Educated People” That Are Stupid As Bedposts
Dr. Jim Willie: Death Sentence for Banks, Businesses, Families, and the US Dollar
Dr. Jim Willie: There Are No Prisoners Taken in The Global Money War
Dr. Jim Willie: Deutsche Bank Could Very Well Collapse Entire Banking System
Dr. Jim Willie: 7 Signs U.S. Economy Collapses; Gold Will Soon Back US Dollar!
Dr. Jim Willie: “Violent Gold and Silver Breakout” Coming to Economic Markets!
Dr. Jim Willie: Western Economic Markets Collapsing; Eurasian Markets Rise
Dr. Jim Willie: The Dollar is Dead! Even Mainstream Media Realizes it!
Dr. Jim Willie – Secret Meeting at the G20 to Take Down the US Dollar
Dr. Jim Willie: Financial Deals Happening Behind Closed Doors; US Not Invited
Jim Willie: “The Quickening” is Approaching Global Economic Markets
Jim Willie: U.S. Dollar is Now a Matter of National Security Due to Poor Decisions
FOR MORE GREAT MATERIAL FROM PETER SCHIFF:
Peter Schiff: “Trump’s Very Massive Recession May Have Already Begun”
Peter Schiff: Americans Fear Future With ‘Dead-End Economy, Crap Jobs, and Awful Wages’
Peter Schiff: “Can Donald Trump Really Make America Great Again?”
Peter Schiff: Dollar Collapse Will Be the Single Biggest Event In Human History
Peter Schiff: Obama “Peddling Fiction” As Unemployed Tops 100 Million People
Peter Schiff: Here Comes the Great, Great, Great, Great Recession!
Peter Schiff: “Whatever Obama Was Calling Recovery… is OVER!”
CNBC Actually Admits Peter Schiff Was Right… Again (Video)
Peter Schiff and Reagan Advisor: Complete Economic Collapse Immediately Ahead
Peter Schiff: Warning! Economic Storm Clouds Ready to Rain
Peter Schiff: Death of the US Dollar Is Imminent; Fed Out of Options
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