Greek Contagion Abyss Looms – Wealth Preservation Strategies

Friday, June 19, 2015
By Paul Martin

By: GoldCore
GoldSeek.com
Friday, 19 June 2015

Greece, EU and Banks Staring Into Abyss
Markets Are “Irrationally Exuberant” – Gods Punish Hubris
“Invisible Hand” Propping Up Sanguine Markets
Short Term Considerations
Long Term Considerations
Best Case Outcomes
Worst Case Outcomes
Wealth Preservation Strategies

We are here, staring into the abyss. The greatest monetary experiment of the modern world – the euro, encapsulating the largest middle class market of consumers ever assembled is about to face its greatest test to date.

To say anxieties are high is an understatement. Normally the broad markets will weigh up downside risk as the markets formulate and assimilate varying views on matters of importance, but not so in this case.

The markets are decidedly sanguine, as if an “invisible hand” is propping them up, guiding them, nudging them, buying any dips in stock and bond markets and maintaining calm.

The VIX measure of U.S. stock volatility, is languishing at 15 – not even whimpering. Gold, that other key barometer of risk, has only seen slight gains and languishes at $1,200 per ounce.

It is as if the fire alarms have been turned off despite the fire beginning to rage.

Is the Working Group on Financial Markets or Plunge Protection Team (PPT) working tirelessly through proxy Wall street banks to keep gold depressed and prop up leading benchmarks such as the S&P 500 and thus the wider markets?

There are many that believe that Wall Street banks and central banks work closely together and coordinate policy and market interventions. They are sometimes dismissed as “conspiracy theorists.” Despite much evidence showing that banks have manipulated and rigged markets frequently.

The Rest…HERE

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