Archive - Oct 23, 2013 - Blog entry
Let’s Downgrade S&P, Moody’s and Fitch For Once
Submitted by Pivotfarm on 10/23/2013 18:52 -0500The rest of the world has had enough of the monopoly of the credit-rating agencies that are largely biased towards the US economy and it’s about time that it all came to an end.
Faber: "1 Trillion Dollars A Month" Money Printing Coming
Submitted by GoldCore on 10/23/2013 03:18 -0500Faber, whose advice has protected millions of investors in recent years, warned of a global systemic crisis possibly due to the massive size of the global derivatives market which is now worth over an incredible $700 trillion.
He warned “when the system goes down,” and only plastic credit cards are left, “maybe then people will realize and go back to some gold-based system.” He wisely said that, “I advise everyone to have some gold.”
