Kanye West has bought stocks which beat the market by 40% over the last year. How do I know? It’s on the front page of Yahoo Finance today.
That struck me as reducing the serious business of investing in productive enterprises in order to obtain a return to the level of a television Reality show.
I would not make any pretence of knowing when stock markets are going to crash, but when a pop star is featured as a stock-picking genius, then possibly it is time to be concerned. That is no reflection on the acumen of Mr West.
Stock markets, like all other institutions, will be brought down by the debt problem. The debt cannot be overcome without the utilization of Gold bonds – real Gold bonds that pay real Gold interest.
Only Gold can extinguish the debt. Thus, only Gold can resolve the problem.