02/22/2012

Goldman Sachs Rules The World | Economic Crisis Like A Cancer

09/27/2011 By

goldman sachs rules the worldLondon-based independent trader named Alessio Rastani told the BBC on Monday that we need to get ready for a crash in a very frank interview that went viral.

His most startling statement came when he was asked about the latest government efforts to strengthen the Eurozone

“Governments don’t rule the world, Goldman Sachs rules the world.”

His timeframe for a crash?

“In less than 12 months we’ll see a crash.”

His prediction?

“The savings of millions of people will vanish.”

See the interview below:

Rastani’s advice for all of us?

  • Get prepared and act now
  • Protect your assets, don’t fall into wishful thinking
  • Learn how to make money in a falling market
  • The biggest risk people can take right now is not acting

 

 

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Gold Bugs Beware! Gold Is Broken And is Now In Freefall

09/23/2011 By

gold bullionToday, the price of gold for December delivery dropped $101 an ounce, finishing today at $1,639.80 an ounce.

Many factors are being blamed for this with the latest being the strength of the US dollar.

In case you’re wondering, gold has lost almost 10% of its value over the past two days, even with an pathetic stock market.

We think you’re looking at a classical “run up and crash” scenario with gold. Just look at any 5 year chart and you’ll see the meteoric rise in price, along with a dramatic burst upwards, and then a “pop” as another bubble breaks.

The chart is definitely broken and gold bugs should take care. If they are lucky, they’ll find support in the $1500-$1600 range.

Gold is a hedge, but you can’t eat it. The buyers will dry up as we head into recession 2.0.

If gold breaks through $1500, it could be $900 an ounce in no time.

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Dow Drops 391 Points Ignoring “Operation Twist”

09/22/2011 By

Stock market dropThe Dow Jones Industrial Average dropped 391 points today after being down as much as 500 points during the day. I believe this can be seen as a negative vote of confidence on the Fed’s latest move to lower rates on long-term loans. Since the Fed’s announcement, the market has dropped 675 points in 2 days.

The Federal Reserve announced yesterday that, as a way of reducing yields further, they will be selling bonds at the short-end of their portfolio and buying bonds at the long end of their portfolio. In other words, they are “trading” $400 billion dollars of short term debt for long term debt, or taking the long term debt off the market in what has been called “Operation Twist.”

Perhaps “Helicopter” Ben should get his head out of the banks’ backsides and start focusing on a plan with Congressional leaders to create long term jobs.

That is a solution that would be a real twist.


Filed Under: Business Tagged With: ,