chanel
Silver Member
Statistically, the odds now predict Wall Street losing another 20% of your money in the next decade. The momentum's headed down. So, what should you do? Sell all your stocks, ETFs, bonds and funds. Get out of commodities and gold. Sell.
You think I'm crazy? Imagine: You're a 50-year-old boomer. Flash forward to 2020. Retirement time? But you've lost another 20%, while those Wall Street Fat Cats will be paying themselves record bonuses averaging half-a-million annually for all 10 years from 2010 and 2020 ... but you can't retire. They got their bonuses siphoning money out of your accounts.
In fact, it's highly doubtful that you, your portfolio, your family or your America will make it past 2012, let alone into that comfortable retirement you may be planning for 2020. The Wall Street casino's version of "Liar's Poker" is a "Loser's Game," and the odds are high are they'll lose a lot of your money again in the coming decade.
Wall Street Is Stealing Another 20% From You - FOXBusiness.com)
Scary article.
Does anyone give any credence to this? What's this Paul Farrell's reputation?