Investor flight: Second shoe dropping?

Discussion in 'Politics' started by SniperFire, Nov 13, 2012.

  1. SniperFire
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    SniperFire Senior Member

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    Wealthy Dump Assets Amid Worries About Going Over 'Cliff'

    'For many of the wealthy, 2012 is becoming a good year to sell.

    They're worried about the "fiscal cliff," which is when tax cuts expire and spending cuts are set to go into effect at the end of the year.

    Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year.'

    Wealthy Dump Assets Before the 'Fiscal Cliff' - U.S. Business News - CNBC





    This could be a full-blown depression.

    But America gets what she deserves this time.
     
  2. SniperFire
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    SniperFire Senior Member

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    'Records show that last year nearly 1,800 citizens and permanent residents expatriated from the United States, the most ever since the government started tracking such data in 1998. This number, of course, hardly offsets the estimated millions of undocumented foreigners living in this country, but it still represents an interesting juxtaposition: Evidently, many dirt poor are determined to get into this country, while many filthy rich are equally desperate to get out.'

    The Day - The rich get richer, and then flee overseas | News from southeastern Connecticut
     
  3. Mr. H.
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    Mr. H. Diamond Member

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    That cash doesn't disappear, it's just transferred.
     
  4. SniperFire
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    SniperFire Senior Member

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    We can print all we need.
     
  5. Mr. H.
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    Mr. H. Diamond Member

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    Good point.
     
  6. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    Transferred OUT of the Casino known as the Stock Market. Just as the insiders did prior to the crash of 1929.
     
  7. longknife
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    longknife Platinum Member

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    I wonder about those fleeing to precious metal buying.

    BIG gold finds in the Arctic Circle with Norway, Sweden, Finland, and Russia discovering large gold and precious metal deposits - along with tremendous untapped oil.

    Is that where US big time investors will put their money? :cool:
     

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