What Does He Know, That You Don’t? Commerce Secretary Wilbur Ross (Who Made His Money Working For Rothschild) Dumps Stocks, Buys Treasuries After “Ethics Warning”

Billionaire Wilbur Ross made his money working for Rothschild and has an apartment in the same building as Evelyn de Rothschild & Henry Kissinger.

Wilbur Ross

What Does He Know? Ross Dumps Stocks, Buys Treasuries After “Ethics Warning”:

Commerce Secretary Wilbur Ross has been reprimanded by federal ethics officials for failing to sell individual stocks that he had agreed to divest within three months of his confirmation (he was confirmed in February 2017), creating “the potential for a serious criminal violation.” Claiming that he had forgotten about the remainder of his stake, Ross earned himself an additional 15% return when he finally cashed out of his remaining Invesco shares as equity prices continued to rise after his confirmation. As part of his ethics agreement, Ross pledged to divest his Invesco holdings and other equities within 90 days of his confirmation, and more complex assets within 180 days, according to Bloomberg.

Then again, perhaps investors should interpret Ross’s decision to finally sell as a warning, given that one of the men in charge of the US economy has sold the rest of his stocks and is buying Treasury bonds – hardly an encouraging indicator for the economy.

In fact, Ross hasn’t just sold stocks – in some cases, he’s gone short, saying that he’s shorted shares of holdings to which he doesn’t have access. Ross has reportedly taken short positions in five stocks.

Read moreWhat Does He Know, That You Don’t? Commerce Secretary Wilbur Ross (Who Made His Money Working For Rothschild) Dumps Stocks, Buys Treasuries After “Ethics Warning”

Gold & Silver Eagle Sales Drop Sharply Due To Central Bank Intervention

Gold & Silver Eagle Sales Drop Sharply Due To Central Bank Intervention:

Thanks to the Fed and Central bank intervention, sales of Gold and Silver Eagle sales declined sharply over the past year. Yes, it’s true… precious metals investors have lost interest in gold and silver as the stocks, real estate, and crypto markets reached new highs in 2017. So, who wants to continue purchasing gold and silver when many cryptocurrencies were experiencing 10% increases in a day.

H/t reader squodgy:

“Another sign that the herd is being herded…….

Paper money and electronic money have a questionable and thus insecure lifespan.”

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Financial insiders contemplate “imminent” 2018 US stock market crash of up to “50%”

The greatest financial/economic collapse in (known) world history has been planned a long time ago.

I’ve told you about this many, many times.

Continue to prepare for (total) collapse,…

…because it’s coming.

Financial insiders contemplate “imminent” 2018 US stock market crash of up to “50%”:

Coming dramatic decline of US stock prices would trigger global recession, finds grim forecast to be explored at roundtable hosted by British financial services think-tank

A new analysis published on the website of a London-based think-tank, funded by the world’s biggest banking and financial services institutions, warns that the US stock market is on the brink of an imminent crash that could trigger another global recession.

The document by a senior US economist and former Houblon-Norman Fellow at the Bank of England is published on the website of the Centre for the Study of Financial Innovation (CSFI), which runs around 100 roundtable events a year involving financial services insiders from the UK and beyond.

The document forecasts that in 2018, US stock prices are likely to plummet by as much as “forty to fifty percent” — compared to the less than five percent plunge in early February. The document was published weeks before the recent stock market volatility.

The warning of a forty to fifty percent drop points to the prospect of a global financial crash worse than the 2008 banking collapse.

Read moreFinancial insiders contemplate “imminent” 2018 US stock market crash of up to “50%”

White House Issues Statement On Today’s Historic Market Crash

White House Issues Statement On Today’s Historic Market Crash:

Today, the Dow Jones suffered (including the plunge after hours) its biggest point crash in history, turning negative for the year, which for a president who takes particular delight in every uptick in the market, was terrible news.

So, as many expected, the White House issued a statement after the close, commenting on today’s market crash.

Predictably, there was little commentary of the “day to day” moves, and instead Trump deflected by pointing out that he is now focusing on the economy’s “long-term fundamentals” instead.

Full statement below:

“The President’s focus is on our long-term economic fundamentals, which remain exceptionally strong, with strengthening U.S. economic growth, historically low unemployment, and increasing wages for American workers. The President’s tax cuts and regulatory reforms will further enhance the U.S. economy and continue to increase prosperity for the American people.

Translation: Trump will never again tweet about the market.

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