Our FEATURE today focuses on the increasing numbers of earthquakes worldwide which have been referred to as "swarms" and in particular the threat of major quakes in California. Scientists and seismologists are reporting that there could be a rupture of two major faults at one time of a magnitude of 8 to 9 which would be catastrophic. Few are prepared for the personal and financial impact of these events which are not a matter of IF but When. Other topics include: Deutsche Bank admits to price fixing of gold and silver, the Shanghai Accord, a strategy for market decline and volatility, China's hard landing, the Teamster's Pension Fund, Puerto Rico's default and the Fed's "Bail In" plan.
"Disclaimer: This commentary is provided for informational and educational purposes only. The information, analysis and opinions expressed herein reflect our judgment as of this date and are subject to change at any time without notice. They are not intended to constitute legal, tax, securities or investment advice or a recommended course of action in any given situation. All investments carry a certain risk and there is no assurance that an investment will provide positive performance over any period of time. Information obtained from third party resources are believed to be reliable but not guaranteed. Past performance is not indicative of future results. H. L. Quist is an Investment Advisor Representative."