Brace for impact: Something big is coming

 For the last couple of months, I’ve been noting various articles in which very rich people are taking some remarkable steps:

• Buffett’s vice chairman dumps over half of his Berkshire shares

• Warren Buffett offloads Bank of America shares worth $982 million in latest sale

• Buffett’s Berkshire offloads Bank of America shares again; total sales near $7 billion

• Berkshire quietly dumps half its Apple shares amid unprecedented selling spree

• Blackrock reveals it’s quietly preparing for a $35 trillion Federal Reserve crisis with Bitcoin

• Jeff Bezos sells another $863.5 million of Amazon stock

Now, clearly wealthy people are always shifting around their financial portfolios. Still, these activities were unusual enough to warrant media attention. This begs the question, what do they know that we don’t know?

Wealthy people (usually) aren’t fools. They watch the economic climate. It’s (usually) how they became wealthy. And the economic climate they’re watching apparently is worrying them.

Now consider these headlines:

• JPMorgan CEO hints at looming crisis worse than recession

• Interest on U.S. debt surpasses $1 trillion for first time ever, exploding August budget deficit to record high

• An economy so strong it requires crisis-level fed action

And, of course:

• Household debt hits record $17.8 trillion

Conclusion from all these headlines: Something big is coming, and it’s the little people who will get hurt the most.

https://www.wndnewscenter.org/brace-for-impact-something-big-is-coming/