WEB Notes: If you read the article, Paul thinks by next year, a lot of people are going to start talking economic collapse. We have been saying the same thing for a while, within the next year or two. That was about six months ago by now. The writing is on the wall as the Scriptures go, (Daniel 5:5-6). All of the signs are building, it is not something to be excited about, but something to be aware of…
You can shuffle around your funds and do some protecting there.
If these type of headlines keep coming from the mainstream, people are going to start becoming concerned with the economy and it will turn into a self fulfilling prophecy of sorts. People will pull out of the markets, people will stop buying and so forth.
Just ensure you are out of debt, if you do not have cash, you do not need it.
Ron Paul believes the bond trading pits are giving investors a dire message about the state of the nation’s economy.
According to the former Republican congressman from Texas, the recent jump in Treasury bond yields suggest the U.S. is barreling toward a potential recession and market meltdown at a faster and faster pace.
And, he sees no way to prevent it.
“We’re getting awfully close. I’d be surprised if you don’t have everybody agreeing with what I’m saying next year some time,” he said Thursday on CNBC’s “Futures Now. ”
His remarks came as the benchmark 10-Year Treasury yield, which moves inversely to its price, rallied to seven year highs, intensifying fears over rising inflation. It may be beneficial for personal savings accounts, but it could deliver irrevocable damage to those in adjustable mortgages, or for auto buyers looking to finance a new vehicle.