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Prepare For 'Massive Wealth Destruction'

 
DaiSeeDay
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User ID: 40855973
United States
07/12/2013 06:29 PM
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Prepare For 'Massive Wealth Destruction'
Take immediate steps to protect your wealth . . . NOW!

That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.

Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”

When he was asked what sort of odds he put on a global recession happening, the economist famous for his ominous predictions quickly answered . . . “100 percent.”

Faber points out that this bleak outlook stems directly from Federal Reserve Chairman Ben Bernanke’s policy decisions, and the continuous printing of new money, referred to as “quantitative easing” in the media.

Faber’s pessimism is matched by well-respected economist and investor Peter Schiff, the CEO of Euro Pacific Capital. Schiff remarks that the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”
link: [link to www.moneynews.com]
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Serpo

User ID: 42932004
Australia
07/12/2013 07:24 PM
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Re: Prepare For 'Massive Wealth Destruction'
Its even worse than that ,total currency collapse world wide

put your cash into PMs or lose the lot and dont worry about price





GLP