Notes from JWR:
Economist Jim Sinclair noted in a recent e-newsletter: “November 15th is approaching quickly. It is this date where supposed real valuations, according to accounting standards, have to be made on value-less class 3 assets.” I think Jim Sinclair is right. Thursday (November 15th) may go down in history as a financial reckoning day. Given the presently very shaky US markets, these revelations could very well precipitate a stock market drop–if not a stock market crash–led by the financial sector stocks. I pray that the readers of SurvivalBlog have all taken my advice and have minimized their exposure to stocks and …