Billionaires Dumping Stocks, Economist Knows Why

Tuesday, 21 Oct 2014 09:54 AM

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Despite the 6.5% stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.

Warren Buffett, John Paulson, and George Soros have all recently sold substantial amounts of stock in U.S.-based companies.

So why are these billionaires dumping their shares?

It’s very likely that these professional investors are aware of specific research that points toward a massive market correction, as much as 90%. During an interview for his latest blockbuster Aftershock, economist Robert Wiedemer calmly laid out a clear explanation of why a large drop of some sort is a virtual certainty.

Now viewed over 40 million times, it was initially screened for a relatively small, private audience. But the overwhelming amount of feedback from viewers who felt the interview should be widely publicized came with consequences, as various online networks repeatedly shut it down and affiliates refused to house the content.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog.

“Our real concern,” DeHoog added, “is the effect even if only half of Wiedemer’s predictions come true.

“That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”

Editor’s Note: For a limited time, Newsmax is showing the Wiedemer interview and supplying viewers with copies of the new, updated Aftershock book including the final, unpublished chapter. Go here to view it now.

© 2014 Moneynews. All rights reserved.

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