What is going on behind the scenes? Does the financial elite know
something that the rest of the general public does not? Do they know that a
system collapse is just over the horizon?
It would appear so, for something has them running for the doors, scared and
worried. As we reported on last week, key smart money players have been
getting out of the general stock market, taking on massive short positions.
One such legendary investor that has taken on a giant
short position is Carl Icahn, who has turned completely and utterly bearish
on the global economy.
He is not alone - not at all. Another massive investor, George Soros, who is
openly known as one of the key elite players and financial experts in the
world, has joined the ranks of those fearing the worst.
Soros Fund Management, the family office of George Soros, has slashed its
overall equity holdings by 25%. That's down to just $4.5 billion, a far cry
from where we have seen it in the past and the lowest position that we have
seen this fund take since 2013.
This should not come as a shock to anyone, as Soros has been openly
talking about the risk that he sees in the world, highlighting the unfolding
drama that China is facing. He has even gone as far as to compare the debt
situation there to what was seen before the 2007-2008 crisis erupted.
What is shocking is what Soros has moved his funds into. Taking a large
position in Barrick Gold, making it his fund's largest US holding, he is
showing that he believes gold to be a solid bet in these times of
uncertainty. We couldn't agree more.
Of course, this is not the only example, as anyone who follows this blog
would know. The Western world is in no better of a situation and the
proliferation of fiat money is the only thing keeping this Ponzi scheme afloat.
Unfortunately for the unknowing masses, who have prepared not in the least
bit, this can only go on for so long. A disaster of epic proportions is
brewing behind the scenes.
The "smart" money is joining the ranks of the "tin
foil" hat wearers and once again verifying that we have been right all
along. The situation the world finds itself in is not one of growth and
prosperity, but one of uncertainty and doubt. All we need now is a spark.
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Nathan McDonald is a libertarian, entrepreneur and precious metals
enthusiast. He has always taken a keen interest in free markets and
economics since an early age, which naturally led him to become a true
believer in precious metals and all that they stand for.
Nathan served eight years in the Royal Canadian Navy as an
electronics technician, seeing the true state of the world, before starting
his first successful business. He has since gone on to create a number of
businesses, all of which are still in operation and growing.
In addition to this, Nathan runs a network of successful precious
metals blogs, and a growing newsletter that has attracted readers from all
around the world.
He is a regular and highlighted writer for the highly respected
Sprott Money Blog, which covers world events, geopolitics and of course
precious metals.
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The author is not affiliated with, endorsed or sponsored by Sprott Money
Ltd. The views and opinions expressed in this material are those of the
author or guest speaker, are subject to change and may not necessarily
reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the
accuracy, completeness, timeliness and reliability of the information or any
results from its use.
