If so many wealthy people are on the sidelines, concerned more about wealth preservation than taking risk to make some yield. Then the question is who is driving up the stock market?
This video is a great explanation of why oil prices have been rising since the 1970’s. 1971 was when U.S president Nixon took the United States off from the “Gold Standard” which was when the U.S dollar was pegged to gold, and since then the U.S Federal Reserve has been printing U.S dollars like it was going out of style putting America into staggering debt.
Max Keiser discusses why Bitcoin and other crypto currencies like LiteCoin, TerraCoin will challenge both governments and the big banks that controls the world.
Once in a while, these mainstream financial news web sites will give you a story that points at the real health of the U.S economy. Generally, 90% of the financial news is crap, meant to lie to you and tell you how great things are and why you should put more money in stocks, meanwhile the economy is in bad shape and the markets can crash at any time.
If you are a multi-millionaire today you are doing fairly well, but if you are the normal Joe and Jane on the street the current economic policy and job situation in America is not great. To release a movie like “The Great Gatsby” this summer would be to again dangle a carrot in front of the poor to the middle class citizens of America. It is going to end in disaster like it did the last time around.
Michael Purves, Chief Global Strategist and Head of Derivatives Research, Weeden & Co says a correction is underway in U.S. equity market. He also suggests short-term bullish trade opportunities in gold.
There is a lot of truth to what Gerald Celente has to say, but the majority of Americans just don’t research in-depth how their government is destroying America. All the wars that the U.S government has waged, has already bankrupt the nation and there is no turning back. America is on its way to total collapse, just look at the roads, the decrepit buildings, the unemployment, the homeless and the U.S national debt.
