Tuesday, October 19, 2010

Tuesday's Treasure - Oct 19th,1987 could happen again!

My apology, in advance, to those of you who were logging in today hoping to find a post on a Treasure that I pass along, such as beautiful Wakaya Island.

Today marks the 13th anniversary of "Black Monday" when stock markets around the world crashed, shedding a huge value in a very short time. The crash began in Hong Kong, spread west through international time zones to Europe, hitting the United States after other markets had already declined by a significant margin. The Dow Jones Industrial Average (DJIA) dropped by 508 points to 1738.74 (22.61%).

The recent "flash crash" that caused a similar drop in stock prices, and the increasing number of Sovereign Nations on the brink of bankruptcy make the likelihood of another market meltdown occurring, very real.

I have a report, dated August 2005, written by a Canadian Asset Management firm that I keep handy whenever I talk to others about how our government has surreptitiously intervened into our stock market, and our entire financial system since the 1987 crash, largely through it's shadowy and privately owed Federal Reserve System.

Leave it to the Canadians (a bulwark of sensibility and straightforwardness) to tell the world the truth about what our leaders have been doing for over two decades of free market manipulation.

If any of you are interested in a copy, please contact me.

Although I no longer have a direct affiliation with a Private Wealth organization, I can certainly refer you to a trusted Financial Advisor who understands the risk of another meltdown and can help you prepare for the next shock wave that will inevitably occur.

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