The Elites Are Jumping Ship as The Financial Crash Draws Near
The comments above & below is an edited and abridged synopsis of an article by Mac Salvo
It’s easy to think of the political and financial elites who run our world as all-powerful. They command governments that can wield weapons, central banks that treat our economy like a rigged casino, media conglomerates that lull the public, and corporations that have concentrated wealth to an unprecedented degree.
But they’re not invincible, and the systems of control they’ve created are diminishing. Most notably, they seem to know that the global economy is headed for a crash. On the rare occasion where you catch one of the elites (Mohamed El-Erian) in a moment of candor, they’ll tell you that the party is almost over.
Their actions are telling as well. Sovereign wealth funds, largely funded and owned by powerful governments to invest in domestic industries, are jumping ship.
The investment arms of wealthy nations are pulling out of the stock market and out of companies in their own economies (developed economy equities), and putting their money into assets that can be quickly turned into cash. It’s practically an admission by the elites: They think the economy is completely unstable.
This is the latest warning sign that the elites are getting nervous. Corporate executives have been selling their stocks at an unprecedented rate for several months. Meanwhile, ordinary people still place their faith and their bets on a stock market that most experts agree is completely unsustainable.
Don’t forget that luxury bunkers have become immensely popular, and that the super-wealthy have been buying remote retreats all over the world. Are they afraid of what the public is going to do when their phony economy crashes and leaves everyone broke? Are they positioning themselves for a crash they know is coming?
The wealthiest and most connected know that chaos is in our future, and they’re getting ready for it. Ignore them at your own peril