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Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.
Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. Unfortunately Buffett isn’t alone.
Fellow billionaire John Paulson, who made a fortune betting on the subprime mortgage meltdown, is clearing out of U.S. stocks too.
Finally, billionaire George Soros recently sold nearly all of his bank stocks, including shares of JPMorgan Chase, Citigroup, and Goldman Sachs.
So why are these billionaires dumping their shares of U.S. companies?
It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%.
One such person publishing this research is Robert Wiedemer, an esteemed economist and author of the New York Times best-selling book Aftershock.
In 2006, Wiedemer and a team of economists accurately predicted the collapse of the U.S. housing market, equity markets, and consumer spending that almost sank the United States. They published their research in the book America’s Bubble Economy.
Gold & silver, Guns & bullets, Food & water
Bassago
reply to post by six67seven
Gold & silver, Guns & bullets, Food & water
This is a sentiment I concur with. Many people have their money in employer sponsored 401K's though (like my daughter and son in law.) I have suggested to them that they minimize these contributions for now and buy physical precious metals with that money.
For the money they can't get out of these funds I was thinking cash funds when available. Won't help with the inflation aspects of our economy but might save them during a correction.
I think the price ratio of lead and brass in bullets increased more than the ratio of the increase in the price of gold
Now, in a regulatory filing dated Aug. 3, Berkshire is reporting about a 21% reduction in the amount of consumer products stocks it holds, even as it ups its exposure to banking, insurance, and industrial stocks.
- OP's source
Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%
“Once you hit 10% inflation, 10-year Treasury bonds lose about half their value. And by 20%, any value is all but gone. Interest rates will increase dramatically at this point, and that will cause real estate values to collapse. And the stock market will collapse as a consequence of these other problems.”
Bassago
Gold is being heavily manipulated