The Phaserl


The Catastrophic US Nightmare As 2013 Comes To An End

from KingWorldNews:

On Monday, October 18th 1987, the Dow Jones Industrial Average lost 508 points (22%). There are many theories as to why the crash occurred, but the simple truth is that the panic stemmed from a sharp rise in interest rates.

Likewise, another stock market crash awaits investors on the other side of tapering.

Rising interest rates 26 years ago were a direct result of surging inflation. The year 1987 started out with very benign inflation. Consumer Price Inflation in January of that year showed that prices were up just 1.4% from the year ago period. However, CPI inflation surged to an annual increase of 4.4% by October.

Michael Pento continues @

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2 comments to The Catastrophic US Nightmare As 2013 Comes To An End

  • Let the tower come down. Invest in tangible commodities such as long storage food supply, tools, textiles, metals and the skills to weld them. Educate yourself and the young in the cottage industries and good survival skills.

  • Frank Zak

    “Redemptions and weak performance have pushed down hedge-fund assets managed by Mr. Sprott to about $350 million from nearly $3 billion in 2008.”

    “One of the world’s biggest gold bugs is getting crushed by the metal’s steep fall.”

    “The flagship fund of prominent Canadian hedge-fund manager Eric Sprott SII.T -1.56% has dropped more than 50% this year in what will likely be the third consecutive year of double-digit percentage losses, according to documents sent to investors.”

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