Obamageddon: Signs That Obama's Great Depression Has Begun

By Wayne Allyn Root

If you’ve been paying attention to the news, several ominous signs have appeared that foretell economic disaster. After reading these “tells” or signs, I believe you’ll agree we are entering “Obamageddon” - Obama’s Great Depression. 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! Do you have any idea what that means? In my opinion, Bill Gross is one of the ten 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 add insult to injury, 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 the U.S.A. The Great Gross sell-off is a sign of economic Armageddon. [more...]