Global Reboot, Financial Meltdown and Riots

Posted on Aug 08, 2011 in Economic News – Kevin Hayden

Here is a round-up and summary of some of the more important financial and economic articles over the last few days.  Prepare accordingly.  I hope that you took my advice, and others’, and have already moved some of your investments and cash into tangible goods.  Had you purchased $1,000 worth of gold ONE year ago, you would have not only PRESERVED your $1,000, but gained another $406.  If you purchased $1,000 worth of silver one year ago, you would now have $2,270 in your hand.  What did your stock do?  Has your mutual fund done that?  Absolutely not.  And if you left it in a savings account, you saw gains of a few dollars.  Get into tangibles in order to preserve and increase wealth.

Mark Faber: Brace for a Global ‘Reboot’ and a War

Markets could rebound after Thursday’s global market sell-off, but investors should see any bounce as a selling opportunity, as the world economy rolls towards total collapse, Mark Faber, editor and publisher of the Boom, Doom and Gloom Report, told CNBC Friday.

A mooted third round of quantitative easing (QE3) in the U.S. and more money printing elsewhere is merely deferring a crisis that will be bigger and could end in war, Faber said.

Europe on Brink of “Major Financial Collapse”:  Guggenheim CIO

EPIC PLUNGE: -633.78, 6th Largest Drop In Dow Jones History

Live Webcast From Second Day Of London Riots

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