Expecting their most recent monthly bonus to arrive in the form of Venezuelan bolivars, pensioners were undoubtedly stunned to find that the government had, without their consent, converted their bonuses into the petro, a currency that is mostly unusable today.
In a nation and a world where the U.S. dollar is rapidly losing its value and status – where large nations like China, Russia, and India are dumping the dollar like there’s no tomorrow – even Americans themselves are forsaking cash in record numbers.
I can’t help but feel a sense of out of control nature wafting from the markets as volatility continues to be the theme for the 2018 year. From stocks to cryptocurrencies and international geopolitical chaos, shaky times are before us.
Gerald Celente, Director at TrendsResearch.com and one of the top trend forecasters in the world, has been getting ultra-aggressive in his call that gold is now in the midst of a bottoming process. With commercial hedgers showing renewed interest in gold, Mr. Celente’s long-standing bullish call on gold seems to be panning out in his favor.
Fund Manager Who Called 2000 and 2008 Crashes Says the S&P 500 Will “Lose Nearly Two-thirds of its Value”
Market predictions come and market predictions go, and opinions are a dime a dozen in the financial community. But when an esteemed fund manager who anticipated the 2000 and 2008 crashes talks, people actually listen.
The presupposition that the Democrats will win enough seats in the Senate and House to reclaim control of Congress, and thereby thwart anything the President plans to do for the next few years, is widely he...