“Sell everything…except high quality bonds,” warned Andrew Roberts in a note this week.
1/12/16 – That harrowing advice is from The Royal Bank of Scotland, which has warned of a “cataclysmic year” ahead for markets and advised clients to head for the exit. Do not wait. Do not pass go.
“Sell everything except high quality bonds,” warned Andrew Roberts in a note this week.
He said the bank’s red flags for 2016 — falling oil, volatility in China, shrinking world trade, rising debt, weak corporate loans and deflation — had all been seen in just the first week of trading.
“We think investors should be afraid,” he said.
Morgan Stanley warned this week that oil could touch $20 a barrel. RBS says if it falls below $30, then $16 is on the horizon.
The world is in a global recession, Roberts wrote. This terrible cocktail means investors should now be thinking about getting a “return of capital, not return on capital.” (emphasis mine)
RBS compares the market mood with that of 2008 before the collapse of Lehman Brothers and the start of the global financial crisis.
Since oil just slid below the $30 mark, RBS’ words hang very heavy.
However, since alternative news media (and little ShofarBlast) has been warning of this collapse for years now while the mainstream media mocked in obedience to their NWO puppet masters, the fact that this warning is now in a mainstream news feed sounds like trying to save face as the ship sinks below the waves. Or, a last minute attempt at market manipulation to benefit some billionaire.
If you haven’t already prepared for a financial collapse, you are very late to the party. I highly suggest you have some emergency supplies available as most of our great-grandparents always had, most notably storable food, water and first aid, just in case of an emergency, financial or otherwise. If we don’t need them then praise God!
But as the saying goes, it is far better to have them and not need them, than to need them and not have them.
This is an excellent site for emergency preparation.
“Sensible people will see trouble coming and avoid it, but an unthinking person will walk right into it and regret it later.” Proverbs 22:3
That’s just wisdom.