Letter: Stock market crash coming next month - Ahwatukee Foothills News: Letters To The Editor

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Letter: Stock market crash coming next month

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Posted: Friday, May 24, 2013 12:21 pm

I subscribe to six investment newsletters. All of these newsletters have alerted me that all hell is going to break loose this coming June. If you have investments in the market be prepared to lose about 80 percent of your portfolio. It is going to start with the bond market, and move over to the stock market.

Now, I don’t care if you don’t believe me, but let me expand on this. In 1973, Henry Kissinger brokered a deal with Saudi Arabia and America. Saudi Arabia was given the sole ownership of ARAMCO, the largest company in the world. Kissinger gave one provision. All profits of ARAMCO was to be used to purchase U.S. treasuries. After years of buying treasuries they decided to cash in the treasuries. They have $80 trillion to cash in. Well, we have spent all of the money that Saudi Arabia has paid for these treasuries. Now comes the tough part, paying for the maturing bonds.

One of my newsletters has stated a case that capitalism is going to end on the 21st of June. Others have said that the 1st of June is going to be the time of disaster. I really don’t know, but when all of my newsletters come out with alerts I have to think that real trouble is in the wings. This is my warning.

Don Crook

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