The National Inflation Association – http://inflation.us – today issued the following special alert to its NIA members: NIA believes that the free market is the number one predictor of the future. We pay a lot of attention to the web site Intrade.com which allows investors to place bets on current events by buying shares on the outcome. Right now on Intrade for the cost of $4.69 you can buy shares that Mitt Romney will become the Republican Presidential Nominee. If Romney is victorious, your shares will become worth $10 and you will more than double your money. If Romney doesn’t win the nomination, your shares will become worthless and you will lose your entire investment.
With shares in Romney costing $4.69 it means Romney has a 46.9% chance of winning. Back on November 14th shares in Romney cost $7.15 meaning he had a 71.5% chance of winning. In the last three weeks, Romney has gone from being an overwhelming favorite to no longer having a majority of support.
Along with Romney collapsing, so has Cain who dropped out of the race. Cain had a 9.5% chance of winning on October 15th, but now has only a 0.1% chance of winning. Meanwhile, Rick Perry was exposed as being the phony candidate from Texas. Perry’s support has collapsed from 39.4% on September 3rd to only 2.1% today.