This week, a number of Billionaire Investors have made some dire warnings about our economy; one top investor actually told his clients that “It’s Time to Hide Cash under the Mattress”.
Ian Spreadbury, one of Britain’s most senior fund managers, took the unprecedented step of warning his clients that it may be time to start hiding money under their mattresses. He warned that a “systemic event” could soon rock the markets, possibly similar in magnitude to the financial crisis of 2008.
He told his clients that the best strategy to deal with what he sees coming is for investors to spread their money widely into different assets, including gold and silver, as well as cash in savings accounts. But he went even further than most, suggesting it was time to hold and hide some “physical cash”.
Just the tip of the Iceberg?
Many of the world’s top investors are starting to hoard gold, silver and cash. Some are even jumping on the preparedness bandwagon, as we pointed out last week.
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Over the last couple of years, the world’s wealthiest have been rushing to buy doomsday bunkers, panic rooms and futuristic state-of-the-art security systems. Companies across the globe are popping up, dedicated to building elaborate safe rooms and bunkers for wealthy individuals.
Also read: 18 Hard Core Martial Law Characteristics – Some Of Them Already In Action
In Germany, one company has even built a $1billion bunker complex specifically designed for the elite.
Billionaire Investor Carl Icahn warns investors, Markets ‘extremely overheated,’ especially in junk bonds
Carl Icahn warned investors on Wednesday that he believes the market is “extremely overheated—especially high-yield bonds.”
“I think the public is walking into a trap again as they did in 2007,” the activist investor told CNBC’s “Fast Money Halftime Report.” “I think it’s almost the duty of well-respected investors, like myself I hope, to warn people, to tell people, that really you are making errors.”
Related article: “The Elite Are In a Panic!” Buying Up Supplies in a Rush! Prepare Now or Never!
Just like in the lead up to the 2008 global financial meltdown, the warning signs are everywhere. Even more troubling, is the fact that nothing was ever done to fix the problems that caused the 2008 debacle.
Icahn compared the current market situation what was happening right before 2008, when mortgage-backed securities were being widely sold. “It’s almost deja vu,” he said. Companies are selling at huge multiples and reporting earnings that are “sort of fudged” due to various accounting methods, he said.
This is similar to what Billionaire Investor Mark Cuban warned about last month when he claimed the tech market was being artificially inflated by junk companies who had no chance of ever making a profit.
“Small individual investors are putting their money into apps with no chance of getting their money back,” the Dallas Mavericks owner and “Shark Tank” investor told CNBC
Financial Institutions back to same Behaviors that Caused 2008 Crisis.
A survey of more than 1,200 financial service professionals
in the United States and United Kingdom, conducted by Labaton Sucharow law firm and the University of Notre Dame, shows that the unethical behavior that caused the 2008 crisis is even worse now.
Also read: This Is How The Economic Collapse Will Change Your Day-To-Day Life!
The study Found:
- 47 percent of total respondents feel it is likely that their competitors have engaged in illegal or unethical behavior to gain an edge.
- One out of every 10 admitted to signing or being asked to sign a confidentiality agreement that specifically prohibits reporting potential illegal or unethical activities to law enforcement.
- Almost 20 percent of respondents think they must engage in illegal or unethical activity to succeed.
- A total of 32 percent believe compensation structures pressure employees to compromise ethical standards or violate the law.
- A total of 27 percent don’t think the industry puts clients’ interests first.
- 22 percent of respondents say they have observed or have first-hand knowledge of actual wrongdoing in the workplace.”
by: Robert Richardson, Off Grid Survival
6 Replies to “Billionaire Investors say Crash is coming: Warning Clients ‘It’s Time to Hide Cash under the Mattress’”
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Dont listen to this!!! Turn your cash into Gold and thats what you hide. The cash aint worth the paper its printed on.