Soon after 53 percent of Britons voted to Leave the crumbling European Union (EU), markets everywhere started to substantially crash, from Tokyo to London, from New York to Toronto.
In fact, the Brexit crash wiped out more than $2.1 trillion. The one-day evisceration is a record, and actually beats September 29, 2008’s $1.9 trillion vaporization.
Gold and silver have benefited greatly from the Brexit. Gold is approaching $1,400 an ounce, while silver is nearing $18 per ounce. Gold and silver stocks have also been gaining on account of investors seeking safe havens.
The Brexit is a perfect opportunity to buy stocks as a bottom may still be several trading sessions away. The crash is serving as a reflection of how investors are uncertain as to how Great Britain will function after leaving the EU, which may be a few years away.
Markets are still tumbling. Finishing Monday’s trading session, Dow Jones is down close to 300 points, the S&P 500 headed to under 2,000 and The Nasdaq fell 120 points.
But who even has heard about this mega-lunacy announcement?
Social Security’s own 2016 Annual Report for Year End 2015 just announced that it went another $6.3 TRILLION more into the long-term crapper in just 1 YEAR!!!!!!
That is OVER 3 TIMES Friday’s Brexit worldwide stock market drop!!!
It is now MINUS $32.1 TRILLION NET long-term, by its own numbers! It REALLY is far worse. (Many other Government programs at all levels also are out of control.)
It also has many other problems such as being super bigoted (sexist (anti-male), racist, ethnically biased, age biased, etc.), it has cooked the books for years, etc.
Here is one of many reports about one of its numerous lunacies:
http://www.forbes.com/sites/janetnovack/2015/05/08/harvard-study-social-security-in-far-worse-shape-than-official-numbersshow/
The full 272 page Social “Security” mega-horror show report is here:
https://www.ssa.gov/OACT/TR/2016/tr2016.pdf