The smart money are heading for the exits !
While fooling everyone that there is some sort of economic recovery by manipulating stock and home prices (and everything else except gold and silver for that matter) higher, the “smart” money are already heading for the exits, leaving everyone else for dead. The coming money crisis is designed to trap you in !
Those in the know are “selling everything not nailed down”. Also, in the UK, the Telegraph are reporting that Lloyds have just sold their entire portfolio in US real estate (of course they are not telling you the real reasons …)
We are living on borrowed time, sometime in the next few months the US debt-ceiling-default ghost of 2011 will be coming again with a vengeance and they are not telling you anything. On May 19th, the debt ceiling suspension period ended and America is, once again, raiding retirement accounts to be able to survive until a political compromise is reached – again – and the extraordinary measures can only last until around September.
“Treasury is not able to provide a specific estimate of how long the extraordinary measures will last,” Mr. Lew said.
“In the past, emergency steps only bought about two months of breathing room”.
PREPARE !