THE SUGAR HIGH WILL END AND TIME FOR MARGIN CALLS!! Stock Market Is At Risk Of Losing 2,000 Points Within The Next Few Weeks
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11/07/2012 05:35 PM
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Re: THE SUGAR HIGH WILL END AND TIME FOR MARGIN CALLS!! Stock Market Is At Risk Of Losing 2,000 Points Within The Next Few Weeks
There is some risk that the public could hear some “histrionics” from Democrats and Republicans playing to their bases as Congress works on spending cuts and tax reform, all of which could severely unsettle the markets, the former House majority leader said Wednesday.Quoting: waht
“If it looks like that is happening you could have a couple really bad days on Wall Street,” said Dick Gephardt, the top Democrat in the upper chamber between 1989 and 1995 at an event hosted by National Journal magazine. “You could have the markets drop by 1,000 or 2,000 points.” (The event was titled “The Day After: The 2012 Election Debrief.”)
Read more at [link to investmentwatchblog.com]
Jim Rogers: Obama re-election means disaster is now guaranteed
A newly re-elected President Barack Obama will continue encouraging loose monetary policies that will fuel inflation rates down the road, and investors need to get ready now, said famed commodities investor Jim Rogers.
Under Obama's first term in office, the Federal Reserve slashed interest rates to near zero and pumped the economy with trillions of dollars in fresh liquidity via a monetary policy tool known as quantitative easing, under which the U.S. central bank buys bonds from banks and floods the economy with excess money supply to encourage investing and hiring.
Republican challenger Mitt Romney has said he opposes such policy and suggested he would not renew Fed Chairman Ben Bernanke's term when it expires in January 2014.
Now that Obama is set to preside for another four years, expect the Fed to keep monetary policy loose with the aim of spurring investing and hiring, when in reality, inflation rates are on the rise.
"It's going to be more inflation, more money printing, more debt, more spending," Rogers told CNBC just prior to Obama's re-election.
Investors should avoid U.S. government debt and the dollar and stock up on gold.
"It's not going to be good for you me or anybody else," Rogers said.
The Federal Reserve recently announced...
[link to www.moneynews.com]
It's the old Communist Cloward-Piven Strategy, break the system by overloading it with debt and corruption. Then re-make it as the Communist Utopia...
Don't believe it, just ask Argentina, they were the model for what's happening to the U.S.A. now...
When they finally break our asses, they will re-build us under the Singapor Model, which is basically the Chinese System of government...
This is also being done in Europe as we speak...
Last Edited by Saddletramp on 11/07/2012 05:39 PM
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius
"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."