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When it comes figuring out how to invest your money, one of the best things you can do is to simply watch what other more successful people are doing. Investors who have made a lot of money, either did so by being lucky, or more likely, they have a long track record of predicting events, identifying trends, and avoiding economic crashes. Whether they’re really savvy or they’re just elitists with access to insider information that the public isn’t privy to, they know something that we don’t. And that something has made them very rich.
And no one embodies the terms “insider” or “elitist” more than Lord Jacob Rothschild. He’s descended from a long line of wealthy and influential people, is considered one of wealthiest people in the world today, and his family has been steeped in conspiracy theories and controversies for decades. So what has this elitist been investing in?
A better question would be, what is he not investing in? That’s because his investment trust, known as RIT Capital, has been pulling tons of money out of the US.
“We do not believe this is an appropriate time to add to risk. Share prices have in many cases risen to unprecedented levels at a time when economic growth is by no means assured,” Rothschild said in his semi-annual report.
Additionally, Rothschild stated that he believes quantitative easing (QE) programs employed by central banks, such as the Federal Reserve Bank in the U.S. will “come to an end.”
Rothschild was quoted in the report as saying, “The period of monetary accommodation may well be coming to an end.”
Signaling a potential disaster in the making in the United States financial markets, Rothschild reduced the investments RIT Capital Partners has in the U.S. dollar by nearly fifty percent. On December 31, 2016, RIT Capital Partners reported a 62 percent net value asset investment in U.S. dollars. In the latest report released by RIT Capital Partners on June 30, 2017, the company has a 37 percent net value asset investment in U.S. dollars.
In other words, Rothschild believes what many observers in the alternative media have been saying for years. The stock market is extremely overvalued and can no longer be propped up with easy money. If this isn’t a sure sign that the economy is nearing a crash, then I don’t know what is. On top of that, this isn’t even the first over the past year that Rothschild has made some alarming claims about the company
And keep in mind that RIT Capital is one of the wealthiest companies in the world with assets worth billions of dollars. This trust is successful because people like Rothschild know when markets are ready to collapse. If this guy doesn’t have much confidence in the US economy, than neither should you.