http://albertpeia.com/twofacts.htm
‘While the media world is abuzz with last
night’s Presidential debate, I’d (Summers) like to cut through the noise and
present you with two truly staggering facts that need to be kept in mind as the
backdrop for the US Presidential Election
Fact #1: EU leaders have stated
point blank that they were asked to keep things quiet until after the election.
Regardless of your party affiliation,
social views or the like, we have to ask ourselves “what was promised
in return?”
If you’ve been reading me for some time,
you know by now that the EU is in massive trouble. Spain is currently drawing
over €400 billion from the ECB.
Let’s put this number in perspective… in
June before Spain requested a €100 billion bailout, the country was drawing
only €300 billion from the ECB.
Since that time and now, the ECB has
promised to provide unlimited bond buying… and even Germany has indicated it
would be open to some sort of a Spanish bailout…
And yet, Spain is now borrowing even MORE
than it was in June.
This is not progress in any way… if
anything it indicates that things are worsening in the EU’s financial system at
a staggering pace. The powers that be are keeping things calm until after the
election… at which time there will be absolute hell to pay.
And we Americans are going to be on the
hook in one form or another. Something was promised in exchange for the EU
keeping things quiet. And we won’t find out what it is until after November 6
Fact #2: China is facing a severe
downturn if not outright collapse.
As I’ve stated many times before, the
China economic “miracle” is in fact one colossal Government funded fraud.
While the media attempts to spin China as still growing, executives
over there have stated that in fact things are far worse than is publicly
known.
Many economists expect the Chinese
government to announce Thursday that economic growth in the third quarter was
barely short of the official target of 7.5 percent. But Chinese business
executives said that the reality was worse for many companies selling in the
domestic market, leaving considerable room for a rebound.
“All industries are going down,
but why aren’t the official statistics going down?” asked Bob Wang, the sales
manager of Kralle Tools, a manufacturer in Wenzhou, an eastern city, that makes
circular saw blades for lumber mills.
He said he believed that government
officials had been underestimating the extent of China’s slowdown to avoid
losing face.
So… expect the news out of China to get
worse and worse once the election is over. How would the world react to news
that the “miracle” which supposedly pulled the globe out of recession is in
fact collapsing?
Not well.
Europe and China combined account
for 34% of the world’s GDP. Throw in the US which has re-entered a recession
and 55% of the globe’s GDP is in contraction.
And everyone is waiting on November 6 to
see how this will pan out.
For that reason, I’m putting together a
One Time Special Report, detailing exactly what a second term for Obama or a
Romney Presidency would mean for the US economy, the US Fed, and ultimately the
markets.Not only that, but I’m outlining what investments would perform best
under each candidate based on their policies and plans.All told we’re talking
about over 20-pages of intense, hard hitting research to make sure you’ve got
all your bases covered going forward.We’re only releasing 100 copies of
this report (a $500 value) to the general public as part of a special offer for
Private Wealth Advisory.So if you sign up for Private Wealth Advisory now, you can reserve one of these 100 copies. If you
don’t… and we sell out… then this report will no longer be available.Already
the reservations have been pouring in (not surprising given how important this
is). Indeed, I fully expect we’ll sell out before the end of the week.Ask
yourself… “Is my portfolio and my wealth prepared for what may come after
November 6?”To reserve one of the remaining copies of Special Presidential
Report… and take out a subscription to my Private Wealth Advisory newsletter…Click Here Now!!!Graham SummersChief Market StrategistPhoenix Capital
ResearchPS. I almost forgot to mention, every subscription to Private Wealth
Advisory features a 30
day trial period.If at any point during the first 30 days you find Private Wealth Advisory is not for you, simply drop us a line and we’ll issue
a full refund, no questions asked.Your copy of my Special Presidential Report
is yours to keep… free of charge.To take out a Private Wealth
Advisory subscription…Click Here Now! ‘
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