Insider sell off of XOM Mobil
Do you think “wage growth” is going to keep up with that? Hardly!
In fact, Ben Bernanke flat-out admitted last year that it will likely take five years or more to get our unemployment rate back down to 5-6%.
So if there is a glut of unemployed people, there’s no need for employers to raise wages when there’s an everlasting supply of employees willing to work for peanuts.
So the bottom line is: you’ve got to get positioned into currencies that aren’t “singing the same tune” as America.
That includes places like Switzerland, Norway and Singapore. All three have stronger currencies that can shield you from the dollar’s long-term destruction, and even provide some measure of safety as stocks drop.
So before the greenback devalues another 50% over the upcoming years…shift into something that will retain its value and grow through the years. And do it while the buck is still worth something!
Xom insider sale, not a good signal…! Crude Oil is “subsidised by Governments…! Socialist Capitalism…???
Gasoline cannot go any higher, unless we all go broke!
Gold has topped…!
US dollar on a historic low…!
WHAT HAPPENS WHEN EVERYTHING TOPS-TOPS…? A CRASH BANG-BANG, BOING, BOEING, BING, GONE…! [And Gov. Bailouts as also secret ones by Canada Gov…!]
Folks Markets and Gold is not a good place to be…! Get out and keep a minimum of anything, plus your cash in UK pounds, or Yens, or Dollars…!???
If currencies crash, then you will not be the only one…! Gold is always a barter physical thing to have on hand!