Loading ...◄$$$ BILLIONAIRES ARE DUMPING US-STOCKS AT AN ALARMING RATE… WHEN THE DAM BREAKS, THE DECLINE WILL BE RAPID AND PROFOUND… IT WILL FORCE THE USFED INTO THE OPEN FOR ITS ASSET SUPPORT WHICH IS NOT ADMITTED, NOT ACKNOWLEDGED, NOT PROPER. $$$
In fact, billionaires are already dumping US stocks en masse. Warren Buffett is dumping shares at an alarming rate, disappointed by the earnings of American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods. Berkshire Hathaway has reduced its overall stake in consumer product stocks by 21%. He is not alone in fast fading confidence in future prospects. Fellow billionaire John Paulson, known for exploiting the subprime mortgage meltdown, is vacating out of US stocks too. The hedge fund Paulson & Co dumped 14 million shares of JPMorgan Chase, according to a recent filing. The fund also dumped its entire position in discount retailer Family Dollar and consumer-goods maker Sara Lee. Lastly, billionaire George Soros sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs. Among the three banks, Soros sold more than a million shares. These savvy investors are exiting at the top.
A massive stock market correction is coming, according to Robert Wiedemer, an esteemed economist and author of the New York Times best-selling “Aftershock” book. He actually believes the true stock market value is 90% lower on the major stock indexes. In 2006, Wiedemer and a team of economists accurately predicted the collapse of the US housing market, stock markets, and consumer spending. They published their recent research in the new “America’s Bubble Economy” book. Even Standard & Poors reported that Wiedemer’s track record demands our attention. Wiedemer expounds on his theory for rising price inflation and higher interest rates, but not from a rejected USDollar. See the Money News article (CLICK HERE). When the downturn in US stocks occurs, the USFed will be exposed as supporting yet another asset market, which is vigorously denies. In fact, the deeply corrupted overseer of wreckage, the central bank supports all USD-based asset markets, except apparently municipal bonds.