China slowdown and probably more money printing by ECB and the U.S. Fed in the next little while. If more bad economic data comes out of the American economy, then markets will react negatively.
Gold is good for this uncertain environment as well as credit products (bonds) from emerging economies.
Three years into this supposed “recovery”, as the U.S. Government would have you believe. The American economy is really doing worse than when they started injecting printed money into the markets. The fact is the U.S is already in a “Depression”, there are many economist and statistics that have already proven this but mainstream media controlled by the government of course will not release this to the public.
The number is staggering how many households are on foodstamps and disability amid the recent news that the level of poverty today is at its highest since 50 years ago.
There are a lot of people suffering in the U.S.A, yet I still cannot believe the U.S Government continues to advance on its war plans into Iran. The truth is the politicians say they are pulling out of Iraq and Afghanistan, however that is the furthest from their intentions which is “occupation” of those countries and it is costing American taxpayers trillions of dollars.
Here is a great documentary on Quants. Those genius mathematicians that come up with financial products to be sold to investors. Some of the formulas they come up with are so complicated that the people that sell them don’t understand them.
The investors do not understand the consequences of these financial products as well. Well, heck even the Quants do not know the true extent of the consequences if these products react to unforeseen circumstances. Some of these products were responsible for causing the 2008 crash due to complicated credit default swaps and mortgage backed securities.
First the miners were protesting out in the country area of Spain, then they took the protest into the main city. When that happened everyone else (Spanish citizens) decided to join the protest in the city. Things are not looking good for Spain, it may be the next to collapse much like Greece.
United States federal debt including off balance is closer to 200 Trillion. How the hell is the U.S going to pay that back. Zimbabwe the country and Weimar Republic Germany in the 1930’s didn’t have close to this amount of debt and they didn’t survive.
India is trying to curtail the import of gold. The Indian government thinks this will slow down gold purchases and this can result in gold taking a 30% drop or more.
After watching this video called the “Thrive Movement”, I wasn’t so much surprised. Much of what is in this documentary I realized years ago. Over 5 years ago, I knew that the world doesn’t operate like what governments and media tells you and I was also trying to find out why it was getting harder to get by, even with a decent paying career income?
The truth is that the world economy is balancing on a very fine line, kinda like the man that recently tight roped walked across Niagra Falls. The momentum and direction is total slowdown and the reality is that things are getting worse.
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