Wall Street is delivering a clear message: If you are still invested in the market, you’re the sucker.
And that’s because the “smart money,” the biggest beneficiaries of the Federal Reserve’s money-printing binge, has been exiting the stock market as fast as it can.
One private equity firm, Apollo Global Management, has dumped roughly $13 billion in assets over the last few months. The company’s CEO, Leon Black, indicated that the company is just getting started: “We think it’s a fabulous environment to be selling.
If you are wondering just how much selling his firm plans on doing, his response should give you serious concerns about leaving your cash in the market.
“We’re selling everything that’s not nailed down.”
Joshua Harris, also with Apollo Global, explains why the smart money on Wall Street is leaving the stock market: “overvaluation in all traditional asset classes.
Another member of the “smart money” set, billionaire George Soros, has reduced his stake in major banks by a staggering 80%. Soros sold his entire stake in JPMorgan Chase, Capital One, SunTrust, and Morgan Stanley. He also sold a large portion of his Citigroup stake, and reduced his AIG holdings by two-thirds.
Wall Street has made its intentions clear: Insiders are taking their money and running, and leaving the mom-and-pop investors holding the bag when the market collapses.
Robert Wiedemer, acclaimed economist and author, has been warning the same mom-and-pop investors to pull their money out of the stock market as quickly as they can.
In a recent interview, Wiedemer provided devastating evidence for a 90% stock market crash and a massive real estate collapse . . . starting as soon as this fall.
When the host of the interview expressed disbelief in Wiedemer’s claims, the author of the New York Times best-seller Aftershock
calmly displayed five indisputable charts to back up his predictions (click here to see those exact charts
The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.
The blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in, including current Fed Chairman Ben Bernanke and former Chairman Alan Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.
At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”
And Wiedemer says rising interest rates, which he calls “inevitable,” will cause the real estate market to collapse worse than it did just a few years ago.
“If interest rates on mortgages hit a reasonable 7.5%, it means home values will plummet by as much as 32%.”
But Main Street investors don’t have to see their investment accounts and home values decimated for the second time in five years.
Wiedemer’s video interview also contains a comprehensive blueprint for economic survival that’s really commanding global attention. It offers realistic, step-by-step solutions that the average hard-working American can easily follow.
Editor’s Note: See the 5 signs the stock market will collapse in 2013. Click here now.
“[The interview] was originally filmed for a private audience,” explained Newsmax’s Financial Publisher Aaron DeHoog, who is unapologetic about the release of controversial footage. “People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it.”
Since that day, over 50 million concerned citizens have tuned in to prepare for “the unthinkable.”
DeHoog was asked recently whether he’s concerned in the event that Wiedemer’s predictions don’t come true. “Absolutely not. The best-case scenario is that Wiedemer is wrong...
“Unfortunately, he has been dead-on thus far. No, our real concern is this, and it’s the more likely scenario — what if just half
of Wiedemer’s predictions come true? Bottom line, it is imperative that Americans be prepared, and that is why we will continue to air this powerful interview.”
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.
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