From Jim Rickards, Editor, Currency Wars Alert:
We are living in a time of earthquakes that could crush the walls of your portfolio and leave your wealth in ruins.
Tragically, major earthquakes have struck in recent days in Japan and Ecuador, causing death and destruction. We’re concerned about these, but we’re also concerned with financial earthquakes, which are also happening everywhere.
Financial earthquakes are just as dangerous to your wealth as physical earthquakes are to your well-being. Physical earthquakes can have ramifications in capital markets as well.
Let’s survey this new age of earthquakes and help you to find shelter from the ruin and the aftershocks…
On Thursday, April 14, a large magnitude-6.2 earthquake struck Japan on the southern island of Kyushu near Kumamoto City. Fortunately, there was relatively little loss of life. But the city was left without electricity, and extensive damage to buildings and roads was reported.