Here is some very candid insight from a ‘trader’ regarding the stock market, particularly the Eurozone.
In a scary and painfully frank interview a freaked out BBC interviewer is visibly shaken when market trader Alessio Rastani predicts that the “Market is Toast.” Apparently there is nothing Euro governments can do.
He goes on to say, “This economic crisis is like a cancer, if you just wait and wait hoping it is going to go away, just like a cancer it is going to grow and it will be too late”.
He’s pretty much right, but, it’s a sad example of where we are, and how some ‘traders’ actually hope for doom so they can take the ‘short’ side and make money. In my opinion this is yet another example of what’s wrong with the world, that is, greed out of control.
I agree with his opinion that the market is toast, that this crisis is like a cancer, that Goldman Sachs rules the world (probably… along with JP Morgan and the Rothchilds and Rockefellers), I also agree with his statement to get prepared.
Folks… this is not a joke. Things are going to get much worse…
What can you do to get prepared for a severe economic crash of the Eurozone?
…followed by the other dominoes to fall?
First, if you have investments, examine where they are – and adjust accordingly. Think about what assets will hold their value over the longer term.
Second, as quickly as possible, build up a cash reserve. I highly recommend adding silver (or gold) to your reserves.
Third, build up a reserve of extra supplies and food. If the worst happens, you will be grateful that you have extra food and supplies.
Fourth, take a look at your security. That is, if things really tank and lots of people become really desperate (as in the 1930’s Great Depression), they are not going to be as civil as they were back in the 30’s. If the government can’t keep them fed, fat, and happy, they are going to become restless.
Fifth, if you live within a high population density, consider moving further to the suburbs or a rural location. When the system crashes big time, you will be getting back in touch with nature, gardening, and self-sufficiency. These things cannot be accomplished in the big city…