A global financial bloodbath is coming. Time to sell everything and go ALL cash.
You've been warned!
6:7 When he opened the fourth seal, I heard the fourth living creature saying, "Come and see!"
6:8 And behold, a pale horse, and he who sat on it, his name was Death. Hades followed with him. Authority over one fourth of the earth, to kill with the sword, with famine, with death, and by the wild animals of the earth was given to him.
so that's what we're made of? there are people living next to open sewage trenches and picking from the garbage to feed their kids in other parts of the world but here in America if our credit card limit gets cut or our ponzi retirement (that we were dumb enough to fall for) gets clobbered or we can't buy a new Escalade then it's Armageddon. You are a big puss---e
All that you know is about to end. China is panicking and will abandon the dollar within 3 months. This, my friend, is CHECK MATE!
China is watching Obama. Your only hope is in this false Messiah turning the US economy around.
CASH IS KING
Cash is king is a cliched expression sometimes used in analyzing businesses; it refers to the importance of cash flow in the overall fiscal health of the business. The phrase is a favorite of Alex Spanos and has sometimes appeared in Motley Fool articles and commentaries. It describes the importance of sufficient cash as an asset in the business for short term operations, purchases and acquisitions. A company could have a large amount of accounts receivables on its balance sheet which would also increase equity, but the company could still be short on cash with which to make purchases, including paying wages to workers for labor. Unless it was able to convert its accounts receivable and other current assets to cash quickly, it could be technically bankrupt despite a positive net worth.