Government To Blame For Economic Downturn Black Monday Euro Will Collapse

JH: My name Jack Hanney, Senior Partner at Patriot Gold Group, home of investor direct pricing, patriot commitment, and the lightening fast, 24hr IRA application process, Consumer Affairs top rated gold dealer, nationwide, 2016. Late last week, Harvard University released a report with nine simple charts crushing the Obama recovery.

Harvard went on to say that one of the causes of the sustained economic downturn has been a lack of an economic strategy from the federal government, which has instead chosen to rely exclusively on accommodative Fed policies. Today is Wednesday, October 19th. Happy Anniversary, Black Monday. It was on Monday, October 19,1987, that the Dow pulled back over 500 points, in the single biggest one day drop in the history of the stock market. The Dow was down 22% in a single day.

Three of the single biggest one day drops have taken place in the month of October, October 1929, October 1987 and October 2008. The architect of the euro stated yesterday, that the euro will collapse and is a house of cards. He went on to say gold will again fulfill its primary role which is as a hedge against currency devaluations. Gold is up over 43% in terms of the euro and the pound this year alone.