The Last B29 Flying
The Plain Truth on the March to Totalitarianism

Another Great Depression Has Begun

The first sign is the fact Bill Gross, head of the world’s largest bond fund (PIMCO), has just sold all his domestic government bond holdings. Every single dollar.  In my opinion Bill Gross is one of the 10 smartest men on this planet. He knows everything about the economy and bonds. His sell-off indicates he believes local, state and our federal government are all on the verge of disaster — insolvency, bankruptcy, and default on bond obligations.

To make matters worse, Gross disclosed he bought emerging market bonds with the money from the sale of U.S. bonds. That means Gross has more faith in Brazil, Russia, and African nations than in the Unites States.

The next “tell” of economic disaster is even more ominous. Wall Street insiders are startled at how much money the Fed is pumping into the financial system.

Read more on Newsmax.com: Another Great Depression Has Begun
Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!

Comments