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Monday, July 01, 2013

Economist Caution: Prepare For 'Massive Wealth Destruction'

Take immediate steps to protect your wealth . . . NOW!

That’s exactly what many well-respected economists, billionaires, and noted authors are telling you to do — experts such as Marc Faber, Peter Schiff, Donald Trump, and Robert Wiedemer. According to them, we are on the verge of another recession, and this one will be far worse than what we experienced during the last financial crisis.

Marc Faber, the noted Swiss economist and investor, has voiced his concerns for the U.S. economy numerous times during recent media appearances, stating, “I think somewhere down the line we will have a massive wealth destruction. I would say that well-to-do people may lose up to 50 percent of their total wealth.”

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2 comments:

Anonymous said...

If the Don Man is one of your experts, pardon me if I'll just continue passing over this one.

Anonymous said...

The wealth destruction has already happened. Quantitative easing is stealing the value of your money every day.
Why do you think groceries, and gasoline cost so much?