From Phil Davis's Monday article at Phil's Stock World
"We should all fear Oilmageddon!"
That's the word from CitiBank, which is SUPPOSED to be the voice of reason in these markets. When Banksters tell us to get out of something – it's usually time to get in.
Nattering Naybob had a very good summary of the weeks events, reminding us of my Wednesday warning that we were simply in a "dead cat bounce" and likely to fall even further this morning. I wrote,
Submitted by Paul Rosenberg via Free-Man's Perspective blog,
Over the last few months a stream of articles have crossed my screen, all proclaiming the need of governments and banks to eliminate cash. I’m sure you’ve noticed them too.
It is terrorists and other assorted madmen, we are told, who use cash. And so, to protect us from being blown up and dismembered on our very own street corners, governments will have to ban it.
Over the past month, one of the more alarming developments in Europe has been the move to eliminate high denomination bank notes like the €500 bill.
Republican presidential front-runner Donald Trump sold a lot of his stocks and shares a year ago when he realized that he was in a financial bubble. The Donald got out of the market before cheap money and currency wars inflated and destabilized the economy. Billionaire businessman come politician, Donald Trump talks on Fox News about the race for the White House, Syria, Pope Francis, Federal Reserve and the U.S. markets. RealClear Politics reports: “I’m very proud –at first I thought I made a mistake, I sold my stocks, and the market went up, but now I’m way, way ahead,” he said.
Submitted by John Browne via Euro Pacific Capital,