By Tony Treece
Doubting Thomases began to believe that the house of cards is tumbling down this week after the rocky week the stock market experienced. Consistent, safe, and guaranteed growth will outperform the stock market every time. Fact.
The Wall Street system of retirement is set up to make each one of us losers. You will not hear this information from your stock broker, banker, or from Washington politicians. Do not listen to the rhetoric you hear coming from these types. Their motive is to keep you in the market - at all costs.
On August 24, 2015, the Federal Reserve lost control of the stock market manipulation. Upon the market opening, stocks dropped over 1,000 points before closing over 500 points down. According to CNN it was "the largest point loss ever during a trading day."
A veteran financial columnist for the NY Post recently wrote, "Stock markets in the US are plunging for a lot of reasons..." He continued, "The most obvious one is that stocks were priced too high because Wall Street thought they still had plenty of growth ahead of them and didn't see an economically cooling China coming. In other words, there was a bubble."
There is no precedent for what the market did on this week. The garbage your stock broker told you when you called him were fabrications. Do you know why?
- Never in America's history has there been a national debt that exceeds $18 trillion.
- There has never been a time in when nearly 50 million Americans were using government food assistance.
- There has never been a time when the government's unfunded liabilities exceed $240 trillion.
- There has never been a time when the government created over 4 trillion new dollars (Quantitative Easing).
In Kannapolis City Schools in NC, 79% of students qualified for free and reduced lunches in 2014. The parents of the children attending these schools are living close to or in poverty.
For the media and financial professionals to tell you "the market is going to come back... it always does" is clearly illogical. America's economy is a ship in uncharted waters. You must protect yourself!
Politicians and bureaucrats have no way to solve the financial crisis that we are experiencing. They've already used all the tools in their toolbox. Remember me mentioning the government manipulating the stock market? John Crudele recently described a few of the ways this happens.
He states, "Here's how the manipulation will likely take place:
1) Washington will encourage companies to repurchase their own stock. That's what happened when the market fell apart in 2007-08. Corporate executives will be thrilled to do this, not out of their patriotic duty, but because they typically have a lot of their own wealth tied up in their company's stock. The problem is, wasting money on share repurchases means less spending on business expansion and hiring. This will hurt the economy.
2) Federal Reserve officials will soon come out and promise not to raise interest rates at their September meeting.
3) One of these mornings - or overnight - some mysterious buyer will suddenly start purchasing an abnormal amount of Standard & Poor's 500 stock index futures."
In conclusion, he states, "Is that last solution my own personal conspiracy theory? Not at all. That's the remedy devised in 1989 by a guy named Robert Heller, who at the time had just left the Federal Reserve Board."
If you got out of the stock market before this week, congratulations. If you didn't, you should call your broker or financial planner and at minimum ask for an apology. However, in reality, if you called your stock broker when the market dropped 1,000 points he probably told you something like what CNBC is pushing or that you just need to "rebalance." Take your money and RUN! That guy is foolish!
Don't be fooled by the "dead cat bounce" the market experienced after the sharp declines this week. The market went back up, but the major dip is coming.
You'll hear propaganda news sources like CNBC telling you this is a buying opportunity. I've even heard reports of stock jockeys telling their clients to empty their rainy day fund and put it in the stock market. How do these advisors sleep at night?
We have scratched our heads and tried to figure out why people advise their clients to remain in the market. The only conclusion we could find is, they are sociopaths.
If you don't have a conscience you can't grow one... Wall Street and Washington D.C. are full of sociopaths. And frankly, all we can do to help people in this state is ask God to have mercy on them.
If the stock brokers are not sociopaths they are ignorant fools, and may God have mercy on those they harm with their illogical advice. The sociopathic attitude is pervasive. It's marked by greed and willingness to do anything necessary to achieve personal success and attain more possessions and money.
The economy was already at the lowest point in our lifetimes... You cannot even put this on 2008 levels. This debt is much worse. In 2005 America's on balance sheet debt was $7,932,709,661,723. Today the debt exceeds $18,362,255,145,768. America's unfunded liabilities exceed $242,000,000,000,000.
For your stock broker or CPA or whoever to tell you the market is going to come back, they are clearly not taking into account these overwhelming numbers. At best it would take in excess of 100 years to pay off our on balance sheet debt.
When your stock broker instructs you to stay in the market, know that he is run by greed. And the government can't put this fire out. There is no way to put this economic fire out. The only solution is for the economic fire to burn out. Do you know why stock brokers and bankers and politicians are able to tell you to stay in the market? It's because their livelihoods depends on you being suckered.
What's more, major economists and trend forecasters are saying the stock market is heading for a sharp decline. We will share more on what economists are saying at our upcoming seminars.
And don't even think about putting your money in the banks... Former Federal Reserve Governor Jeremy Stein stated that banks are going to be a sloppy mess... Here's what he had to say: "Perhaps more to the point for Too Big To Fail Banks, if a Systematically Important Financial Institution does fail I have little doubt that private investors will in fact bear the losses - even if this leads to an outcome that is messier and more costly to society than we would ideally like."
We believe America and the world are in for some very rough times, and preserving your life savings is essential to surviving. I have a burning desire to help people prepare for turmoil. The banks and stock markets are experiencing bubbles like we have never seen. This is historical and many people are losing and will lose what they have worked so hard to gain. Please don't lose it all.
I personally invite you to attend one of our upcoming free dinner seminars. I will cover these issues and much much more. Go to http://www.treececo.com/america/ to sign up now! If you are wanting out of the market and banks now, call our office.
Scripture of the week: 1 Chronicles 12:32a, "And of the children of Issachar, which were men that had understanding of the times, to know what Israel ought to do."