Former Fed Chair Alan Greenspan just warned about these new bubbles in the economy, saying itís no longer a matter of if, but when the next one will pop. Here’s what you need to know nowÖ
On January 31, two days before the stock market’s recent sell off, former Fed Chair Alan Greenspan warned:
“I think there are two bubbles. We have a stock market bubble and we have a bond market bubble.”
Greenspan believes the ever-increasing government deficit is behind these bubbles, pointing out that the federal debt to GDP ratio is greater now than it was during World War II.
Greenspan also revealed that he doesnít have confidence in when this situation will be fixed:
“I think we’re getting to the point now where the breakout is going to be on the inflation upside. The only question is when.“
Other Experts See it Too
Greenspan isn’t alone in his concerns. William White, former Chief Economist for the Bank for International Settlements, said he believes that weíre in an even more dangerous situation today than we were at the peak of the last bubble. Meanwhile, Peter Schiff says:
“The impending economic collapse is hidden from most. People only see a rising stock market, not the negative underlying factors that will cause the whole system to crash.”
Could a downturn be just around the corner?
How to Hedge Against the Risk
With the stock market seemingly on the brink, and financial experts voicing their concerns, it’s no longer a matter of if, but when the bubble will pop. And when it does, do you want your IRA or 401(k) exposed during the crash?
Don’t leave your hard earned savings exposed. That’s why so many have already moved their savings into something that’s proved, time and time again, to protect against economic uncertainty: physical gold.
While you still can: Get a FREE Info Kit on Gold here. There is zero cost and zero obligation to you ñ we’ll even pay for shipping.
Plus, this 16-page “insider’s” guide reveals the little-known IRS Tax Law to move your IRA of 401(k) into an IRA backed by physical precious metals – without paying any taxes on the transfer.
It’s an excellent option for anyone who wants to take advantage of this opportunity with any savings in their retirement account.
But remember, you must act soon. Once the bubble pops, it may be too late to take advantage of this opportunity. To get started, click here to get this free info kit on gold.