Billionaires Dumping Stocks, research points toward a massive 90% market correction!!!

The richest person I know (mid-8 figures in US dollars) told me recently he has dumped all investments and is purely in cash and cash only. He doesn't even own any real estate...just lives in apartments and hotel suites, moving around from place to place.

Make of that what you will...

Fits in the bigger picture.

That story is months old you prick fuck all HAPPNED.

Needs to go down 1 percent to start.

Consider the source of this so-called "news". Conservative "news" organization.

Hang onto your wallets on that site

[link to www.ripoffreport.com]

There are shills out there.
People who'll rip a consumer off using fear mongering and scare tactics. See it all the time, especially in the "prepper" and economic doom sites.
But that doesn't mean the underlying news isn't true.
Just be wise with your finances and think before you spend.

interesting.....

90% holy crap! 20 to 30% sounds more realistic, if true people and companies will be hurting for cretin!

There is the trend that every time market is saturated a correction is enviable.
Take uk housing bubble as an example. Back in 2007 I warned all my family and friends of the upcoming crash. Some took note of my reasoning and cashed in. Others are now stuck with undervalued property and negative mortgages.
How did I know? I am not an expert. I simply took note of circumstances. By 2007/8 it was becoming impossible for first time buyers, even both working couples to be able to afford a one bedroom apartment, let alone buying a house. It was clear to me that this rising prices was reaching its saturation point and it would not be long before the whole thing crashed. I was exactly correct.
Today the situation is the same but property is not the bubble to focus on.
So what is the factor? Its the amount of debt that is the focus. Almost all europe and america are printing digital money to keep the economy afloat. This is why we see a rise in stock value. Its not real.
Within one year the debt saturation would have reached its saturation point and no amount of money printing can save the day.
The collapse will not be because of stock market crashing. Stock market will go in to free fall as a result of debt saturation.
So stock market index is not an indicator of colapse. There will be a saturation first , then a delay of two or three month and then the correction of market. Not other way round.

Those who are pulling out now must feel that debt is reaching its saturation point and think the stock market correction will happen within acouple of month.
Personally, I feel that there is room for another six month or so before we see uneasy feeling within inverstors. So I think saturation point won't happen for at least another 4 month. Then a delay, then collapse. This time though, unlike housing bubble there won't be anything to lean on such as bailouts and printing money.
Simply because above printing money there is nothing else to lean on.

A word of warning to those who are leaving the market early. Holding on to cash will also not be beneficial since all money will become valueless. The investment should be in factories that will produce essential goods or food. These factories must be independent with plenty of raw materials in reserve and must not be linked to any other commodity. As such when collapse happens, there will be no debt that would backtrack in to the company and force it in to closure.
This advice sits well for families too. Prepare yourself for the next 12 month.
Clear credit cards.
Try to have as little debt as possible
Many will have mortgages that can not be paid but there is nothing to stop you from having 6 month of mortgage payment hidden in the attic in cash.
Authorities will be looking for any excuse to hit you as hard as they can. Even a simple phone bill in arrears will ensure you lose everything. So cut down your debts.
And it goes without saying that you should always have a few month of dry or canned food stored.
Some may not realise this, but just $250 worth of dry and canned food will keep you for six month.

Homeland security has put preppers and people who store food on their terrorist watch list......

If true, this proves the points
They know collapse is coming
They don't want anyone to be prepared
They want every single person dependent to the point of accepting the next agenda
Dependent people do not resist

money news has been spreading that same shit article for literally 2 years now.