Hear Ken Williams, CEO, of Gold Goliath on the Kevin McCullough Show. Interview begins at 35 minute mark.
Stock market investors await coming corrections as net sellers of US stocks liquidate their positions for 9 consecutive weeks to the amount of $1.4 billion. As the S&P boasts of momentary gains, corporate profits continue collapsing as US GDP for 1Q16 is showing a horrific growth rate of only 0.6 percent.
On Tuesday, Fed chair, Janet Yellen warned investors that global economies were deteriorating and global stocks moved higher, on bad news. Yes, bad news is actually good news, or so it appears.
Ex Fed Chair Alan Greenspan recently warned investors in an interview with Bloomberg that the US economy is in dire straits because “productivity is dead in the water.” Strangely enough we aren’t hearing this from the mainstream media.
Bank of America continues warning investors to sell stocks and the herd is listening. Hedge funds, institutional clients and private clients have been net sellers for 9 straight weeks since early February. Smart money is leaving Wall Street in mass and unfortunately those left are primarily working class Americans.
Ex Dallas Fed President Richard Fisher recently said that the Fed pumped US stock markets with “heroin” to front load markets creating a wealth effect and now they are maintaining the system with Ritalin. Mr. Fisher ended with, “the Fed is out of ammo to stop what’s coming.
Americans are being set up for the greatest wealth transfer in world history and the Fed has guaranteed it.
2016 has and will continue to bring Trillions of dollars in global losses and to sit and do nothing is not an option for us. We can hold physical silver and gold as insurance against total loss including placing it in a IRA. Once wealth is gone, it rarely returns.
Gold last reported am. Thursday is $1237.20 and silver is $15.44.
America is at a crossroads, one that will decide it’s fate and if we are to survive as a nation. God has used men and women to change the course of history but all power lies only in His hands.
God gives many promises in His word and they are all conditional upon our unique response. We thought it fitting to list His promise to us from 2 Chronicles 7:14:
“If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, and I will forgive their sin and will heal their land.”
If America is to survive, it will do so by repenting before the One True Living God.
Pray, because it matters!