More Treacherous Economic Signposts

David McAlvaney's latest podcast is out. As usual, the analysis is not optimistic. We're already in an under-reported US and worldwide financial crisis. Everyone in the world but Americans realize the financial system is broken. Crooks abound, and trust has disappeared. The Fed and US financial media are trying to hold everything up with spin and false statistics. Believe it at your own risk.

There is a high likelihood that the US stock market will crash by mid-fall. That's on top of the slide over the last 7 years. The US is in recession, and inflation is picking up. If Obama wins the election (likely right now), his first 100 days will be like FDR's. Higher taxes and more regulation supposed to alleviate our financial crisis will deal a devastating blow.

The McAlvaneys just put out a new 2-hour DVD with their current geo-political and economic analysis, "When Greed Turns to Fear: How to Protect Your Portfolios from the Day of Panic." Ask for a free copy and the latest printed newsletter. Call Rob at 800-525-9556, Ext 101.

Meanwhile Gary North writes about his pick for the worst-case economic scenario over the next 6-12 months. He analyses the ramifications of an attack by Israel and/or the US on Iran, both in terms of $10+ a gallon gasoline and the resulting permanent war with Shia insurgents in Iraq. He suggests you plan accordingly.

Jacob Hornberger points out that "Americans Had It Coming." Higher prices for gasoline, food and most other things are the price of empire and imperial adventurism. Our ill-fated invasions of Iraq and Afghanistan have become "black holes of federal expenditures," instead of the self-funding cakewalks the NeoCons promised. Rather than raise taxes to pay for the $535 Billion cost of these wars, the government borrowed the money from the Chinese. "Well, what did Americans think — that empires come cheap?"

[Do you remember Secretary of Defense Donald Rumsfeld breaking the news on Sept. 10, 2001 that the Pentagon could not account for $2.3 TRILLION in funds? They disappeared just like countless billions in Iraq that can't be found. An event the next day swept this news out of the public's mind. Whatever hit the Pentagon just happened to wipe out the accounting section that had all the records. What a coincidence! For some reason, not another word was said about the missing TRILLIONS.]

If you didn't read last week's post "Treacherous Economic Signposts," now is a good time to do it. You might even want to review it if you did. There are so many daily distractions that it is hard to keep focused on dark storm moving in on the horizon.

I keep mentioning these financial problems because now is NOT the time for complacency. Things really are different this time. This is not going to "somehow" work itself out. Get your money out of the stock market, buy gold, silver and food, and take what other precautions necessary to protect you and your family.