Now the corporate bankruptcies are starting…….GET OUT OF THE STOCK MARKET…..Arch Coal, the second largest coal producer in the U.S., filled for bankruptcy Monday. The Company had a debt holding to the tune of $4.5 million. Arch Coal is the victim of the commodities collapse and King Obama’s anti-coal policy. Watch the video below.
https://www.youtube.com/watch?v=u5U_Af0Ghvg
Financial
writer Andrew Hoffman, pictured above, says things will spiral down so dramatically that, at
some point, Yellen and the Fed will have to do an about-face on interest rates
and resume QE (money printing) to try to pull the economy back up. The reaction
for gold and silver prices will be to spike higher as Hoffman contends, “If the
Fed actually comes out and says we are done with rate hikes and we are going
back to easing again, I think a full flood of a dam breaking, like in the Superman
movie, is what you are going to be seeing in the gold and silver markets. I
don’t think the cartel will have a chance in hell of stopping the positive
momentum. . . . Once the Fed admits it was wrong and there never was a recovery
. . . I think that’s the endgame for the gold cartel.”
Join Greg Hunter as he goes One-on-One with Andrew Hoffman of Miles Franklin, the precious metals people. Watch the video below.
https://www.youtube.com/watch?v=rhVahBlBFnY
Join Greg Hunter as he goes One-on-One with Andrew Hoffman of Miles Franklin, the precious metals people. Watch the video below.
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