Now is the Time to Preserve Your Capital

In July of  2008, I was warning about the coming financial crisis. I linked to plenty of reasons why a "financial tsunami" was near, and how to protect oneself. I also told friends and family. As best I can tell, no one listened, nor did they give me any credit for making what was really an easy call. Since then, my forecast has been for more financial crisis, deepening depression and the ultimate collapse of the dollar.

As far as I know, none of my friends or family have made a purchase of physical gold. Some have played with ETFs and futures, but none has taken the step to move out of the risky structure of dollar-based investments into holding physical gold or silver.

I'm astounded at the blind faith Americans put in the ability of America to come through this crisis relatively unscathed, and particularly in the dogma that the US dollar is a safe place to park their life savings. While their view may be attributed to historical American optimism, I think it has more to do with intellectual laziness, fear of stepping out from the mainstream, and the massive mind control that few of them can begin to comprehend.

Nevertheless, more people are waking up as the "greatest financial crisis since the Great Depression" will soon become the greatest financial crisis in history." It will be world-wide.

The good news is that even for those who have put off protecting themselves, there is still have time to act. You can still protect what's left of your capital. All it takes is a little bit of courage to look reality square in the face and take actions that most of your friends have not. For most people of modest means that means buying and taking delivery of gold and silver coins.

"Paper gold", i.e,. ETF's (exchange traded funds) should never be considered a substitute for holding real, physical gold and silver. There is much speculation not only about the gold supposedly backing them up, but about possible counterfeit gold bars being held as security.

The reasoning is quite simple. As Voltaire said almost 250 years ago, paper (fiat) currencies always revert to their intrinsic value -- nothing. Not one paper currency has survived intact, without massive devaluation or hyperinflation. The US dollar has lost almost 96% of its purchasing power since the Federal Reserve was founded in 1914. The exponential increase of the money supply of the last 18 months sealed the dollar's fate.
 
The massive deficits incurred during the Bush and Obama administrations are escalating and will never be repaid. The unfunded liabilities for Social Security, Medicare and most pensions are even worse. The only way they will be paid off will be with nominal dollars created out of nothing.

Moreover, Congress is lustfully eying that last pool of untapped capital in the country: the private pension plans, 401-Ks and IRAs. All indications are that after an appropriate crisis or scandal, they will be nationalized and replaced with some kind of government annuity similar to Social Security. The government will spend the capital for current needs, replacing it with non-marketable IOUs while they "guarantee" our retirement. Guaranteed impoverishment is more like it. (I just recently cashed in over half my IRA's with the rest coming shortly.)

But don't take my word for it. Check out the vast collection of analysis provided below. Study, decide, and then act. Don't wait for the rest of the herd to wake up and tell you it is okay. And certainly don't wait for your financial adviser to tell you. Think about it. Once you take your money away from your adviser and buy precious metals for delivery, he won't make another nickel on you. So what is his incentive (besides integrity) to tell you leave conventional investments?


I've just posted an extensive list of articles designed to help you and your loved ones protect your capital from the coming devaluation and/or inflation of the US Dollar. All international currencies are depreciating in value against gold and silver.

You still have time to protect yourself. The prices of gold and silver won't go much lower in these currencies and has a virtual unlimited upside potential.

Gold was by far the best investment class of the first decade of new century, with the price going from around $300 to close to $1200. Gold is regaining its historical role as the international currency. If you had bought 4 of those coins you'd have $4800 worth today!

A 1 oz. gold coin you buy today will still contain 1 oz. of gold in 10, 20 or even 100 years. What do you think will be the purchasing power of the $1200 required to buy it in that same time period? Remember: it took $20 to buy that coin almost a hundred years ago. If your grandfather had spent $1200 on gold coins back then and stuck them in a safe, you'd have 60 of those coins today! That would be worth $72,000 in today's purchasing power (and that's not allowing anything for numismatic value!)

My two preferred vendors are Goldmasters and Franklin Sanders. There are many others out there. I don't recommend buying from anyone that spends a lot of money on television advertising. They have to build it into the price.


There's not a lot of commentary below. The articles speak for themselves.

Have courage!

The Road to Armageddon - Paul Craig Roberts

2010 - Preservation of Capital is the Highest Imperative - Marc Faber

The British Pound Could Collapse in Weeks - Jim Rogers

Massive Bank Failures are Coming - Banking Commission

Bonds, the Next Financial Slaughterhouse - John Galt

Gold Will Soon Be Restored as World's Currency - Jim Willie

China's Purchase of IMF Gold Begins Next Leg Up on Precious Metals Boom

Sky Rocketing Global Debt Makes Hard Assets a Safe Haven

Debt Dynamite Dominoes: The Coming Financial Catastrophe

The "Fourth Turning" Will Bring 21st Century Crisis

Liquidating the Empire - Pat Buchanan

Coup by Economic Elite Threatens Existence of Middle Class

How to Prepare for Global Debt Bomb Explosion

The Demise of the US, an American Tragedy

Fear DAVOS 2010 -- Into the Bomb Shelter

Higher Highs Coming in Gold

Silver's Most Important Price Point

Gold Analysis and Price Trends for 2010

Gold and the China Commodities Game-Changing Action

Gold, Pension Plans and IRA's

Connections Video

Bankruptcy of the US is Now Certain

Why Gold and Silver Are Important, and Often Manipulated

Gold: China's End Game?

Why Inflation Will Come

Why Gold Will Keep Going Up for Years

Gold's Price is Appreciating Against All Major Currencies - Barron's
"Gold isn't going up, currencies are going down," says James Turk. "The purchasing power of gold remains basically unchanged against commodities. In contrast, the purchasing power of national currencies is being constantly eroded."

The Coming Gold Shortage

More on the Coming Gold Shortage

Drawdowns of the metals from the exchanges is outpacing deposits. "

"Investors should make sure they own physical bullion and not a paper substitute. When the music stops, and it looks like it could be soon, paper promises will not be honored with bullion. When a shortage becomes obvious to investors the price of bullion will be multiples of its current price. But those holding paper promises will not benefit. At best they will be paid in fiat currency and probably after months or years of legal wrangles, and most likely at the price on the day of default, not at the price on the day of settlement. Why accept anything but physical bullion?"

The Mogambo Guru writes on the implications of the gold shortage - (Buy gold, silver and oil -- now!)

The Coming Obama Retirement Trap

401K/IRA Screw Job Coming?

America's Hidden Debt Bombs -- CNN Money

Gold: Greatest Currency Trade of the Millennium?

A Larger Financial Crisis is Inevitable -Non-partisan economists group

Panic at the Fed? Or Back to Normalcy? - Apparently the Fed is panicking to try to prop up the US bond market.


Veteran Investor Richard Russell Prefers Gold to Cash and Bonds

Are You Worth More Dead Than Alive?

Did you know you are worth more to the Government dead than alive? If that shocks you, then be sure to read "57 Trillion Reasons to Murder 100 Million." Did you know that the Global Elite want to reduce the world population from about 7 billion to 500 million? Search it. Here's a few to get you started: Food Shortages or Globalist Population Agenda and this listing from New World Order magazine.

Obama Science Czar John Holgren is heavily involved in the eugenics movement. Being a good eugenicist, there's every reason to think he'd like to see the population reduced to a level the Global Elite deems "sustainable." Favored methods of population reduction are wars, pandemics, sterilization, abortion, disease and starvation. For a comprehensive look at the PTB's plans to eliminate up to 95% of the world's population, read "Depopulation By Inoculation."

Do you think they care if you and your family are there to see it?

Speaking of pandemics, Will Americans Refuse to Take Flu Shots? - The Constitution Party is standing up for those who think mandatory vaccinations violate their Constitutional rights. (They do.) As more Americans realize how the pandemic is being hyped up (like this Canadian medical expert), and about the many dangers of vaccines (like the mutating polio virus in Nigeria), I expect we'll see more resistance to taking the shots. Then things will get interesting. Swine Flu Jab Linked to Killer Nerve Disease.

Here's a nice video on flu prevention and treatment.

Evidently the Swine Flu is becoming resistant to Tamiflu. Donald Rumsfeld's bank account thanks all those governments that spent $millions/billions stocking up on the stuff.

Maybe we'll see an increase in swine flu among the military. Already 67 soldiers in Iraq have it. They have to take lots of shots, no questions asked. We should always remember that more people died or were injured in the 1976 flu scare from the vaccines than from the flu. And that back then flu first appeared in soldiers from Ft. Dix. Far be it from someone with a vested interest to taint shots for the military to help speed things up a bit.

One researcher makes a good case that using the laws designed for a much deadlier disease than the Swine Flu may create a perfect storm of death and disease in vaccine recipients. "The result of the new bioterrorism laws . . . , which allow use of untested products AND give manufacturers an incentive to avoid comprehensive testing (to avoid being found guilty of willful misconduct) have combined with the political imperative to provide citizens with vaccines in a hurry, yielding a potential Perfect Storm. . . [they] are likely to cause more autoimmune illness than occurred in 1976 . . . The manufacturers have been given liability protection, as have the government program planners. Efficacy and safety are unknown. But no compensation mechanism has been created. And the public has not been informed. "
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The President of Whole Foods outlined a simple program to streamline and cut the red tape and out of the medical system. Will Congress go for it? Not a chance. Anything that doesn't involve more bureaucrats and health czars running our lives, and less freedom of choice, doesn't stand a chance with Congress and Big MedPharm. Besides, Obama and Congress will have their own plan.
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The end of August into November still looks like a time of great financial unraveling. Jim Willie gives a taste of his latest newsletter with "Pressure (Countdown) Toward Breakdown." I've been taking his excellent newsletters over a year, and find them uncannily on target, with an expose' of financial corruption in the world and US markets that will make your head spin.

LEAP/2020 follows the same line of thought with its forecast of an intensifying global systemic financial crisis this fall due to a perfect storm confluence of three destructive waves beginning this summer:
"1. Wave of massive unemployment: Three different dates of impact according to the countries in America, Europe, Asia, the Middle East and Africa
2. Wave of serial corporate bankruptcies: companies, banks, housing, states, counties, towns
3. Wave of terminal crisis for the US Dollar, US T-Bond and GBP, and the return of inflation"
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I'm no fan of Glenn Beck, since he's a conservative gatekeeper. He's not paid the big bucks by Rupert Murdock to tell you the real way the world works. He won't tell you the truth about 9-11 or FEMA camps. But this interview with former Carter adviser and Democratic pollster Pat Caddell shows that Obama and Rahm Emanuel are just as crooked as anyone in the Bush-Cheney administration. Of course they are, they all work for the same people.
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John Pilger makes a good case that Obama is a corporate marketing creation who is a perfect front for the PTB. And if you disagree with Obama or any of his proposals, you must certainly be a "racist." Interesting how many white people I know whose primary stated reason for voting for Obama was some variant of "how neat it will be for America to finally get a black President." Is is just me, or isn't that a racist reason?
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We're all used to those meetings and speeches by our politicians showing supporters as background props. They're so "believable." Joe the Plumber was shown to be a plant. Now see how Obama and his Congressional supporters' town hall meetings are full of plants. Yes, of course, their fellow traveler Republicans do the same thing.

Ever been in one of those group meetings designed to achieve consensus to make some statement or solve some problem, and felt that there was a hidden agenda being promoted? I have. This explanation of The Delphi Technique explains how it's done. Once you know, you can use it against them. A taste: "In her book Educating for the New World Order, author and educator Beverly Eakman makes numerous references to the need of those in power to preserve the illusion that there is 'community participation in decision-making processes, while in fact lay citizens are being squeezed out." The same could be said of the illusion that voting makes a difference.
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Guess who's funding the Taliban? USA, USA, USA!
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Imperial overreach continues. Seems the US will now be officially stationing US soldiers in Colombia. Now they will have more direct access to protect their Colombian client from drug-financed guerrillas while cracking down on competition for the CIA's own drug-running at the same time. And they have another up-to-date base to attempt domination of the rest of South America, including the oil reserves in Venezuela. Three-fer!
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This is "Change We Can Believe In"? Apparently Obama's first act as President was signing Executive Order 13489 sealing access to all his records! Transparency we can believe in!! Oba-a-a-a-a-a-a-manoids, all at once now: "He had to do it so he can do all the good things he has in store for us. It's just politics. These things are only bad when Bush did them."

Grace and Courage and Peace to you!

The Financial Implosion Continues

"Incompetent Leaders Pose Threat to Recovery" says the author of The Black Swan. Reckless economic policy threatens to topple our economy by destroying the value of the dollar. Meanwhile the criminals at Goldman Sachs are telling us to prepare for $147 a barrel oil. They and their hedge fund friends helped push up the previous run up. Now, hyperinflation due to the death of the dollar, could do the trick. But expect GSax to profit all the way, especially with their insider connections at the Fed and Treasury.

If Cap and Trade becomes law and is implemented, it should cost the US another 2.4 million jobs and cost each family $1200 a year. And if ObamaCare passes, imagine delivering health services along the lines of the post office! You just think we have a bad system now.

As part of the seamless hand-off of the regime from Bush II to Obama, our rulers are still trying to solve our economic problems with the same Keynesian policies that brought them about. Do you ever wonder why our rulers seem to be making so many mistakes that subvert our country and its freedom? Are they well-meaning, but stupid? This has been the pattern throughout my lifetime.

Maybe you should consider that they are part of the PTB, New World Order crowd, that wants to destroy America's independence and prosperity, making us slaves. Intentional destruction of American independence and sovereignty is always listed as one of their goals.

If you look back at what has happened over the last 20-25 years, with the mass transfer of manufacturing jobs overseas and the incredible financial bubble, topped of with the wholesale looting of the country by the bankers, this thesis makes more sense than the Stupid Mistake thesis. Be sure to read what I wrote about Evil below.

I've just listened to an interview with Ambassador Alan Keyes who said from the beginning he has made the point that Obama and his minions are deeply committed to Marxism-Leninism. In the say way I am deeply committed to Christianity, and its political concomitant, libertarianism, and will not change; so is Obama committed to its opposite. Obama wants to ram through a de-humanizing world view. Fits right in with the NWO agenda. We should never forget that.

Nor should we forget that Antony Sutton documented thoroughly years ago that Wall Street actively funded the Bolshevik Revolution in Russia as well as the rise of Hitler. Wall Street and the US Government also actively sustained the Soviet Union economically and militarily. Obama had three times the campaign contributions as McCain. Hmm.
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Steve Quayle cites investment letter guru Harry Shultz predicting the high likelihood of bank closings in September, echoing previous warnings from other places earlier this summer. Shultz, who has great credibility and following, wouldn't write about it unless he thought it might happen. That will make it hyper-stagflation. "Stand by for a possible bank run & bank holiday on Aug 26th, after the news breaks on the 25th. (FDIC 2nd Qtr. Report) This is in line with the HSL prediction of a US bank holiday in Aug/Sept. If you live in the US, get 3-6 months of household expense money out of banks now." The time monks at HalfPastHuman.com in their latest report also predicted a visible disintegration starting around this same time. Forewarned is forearmed, IF you make preparations.
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Obama faces his LBJ moment as the situation in Afghanistan turns sour. Taliban now said to be winning in Afghanistan. Pat Buchanan is being too kind when he asks, "Unwinnable War?" All empires collapse due to overreach, and so will America's. The reasons we are still in Afghanistan are apparently very few, the major justification now seems to be "to secure the future of the Democratic Party." That, and the major black ops funding for the CIA from dealing in all that excellent Afghanistan heroin.
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Pentagon Asks for Authority to Post 400,000 Troops on US Soil in Emergency. See why Bush did away with the Posse Comitatus Act? Using military for police enforcement is called "martial law." The military is trained to kill and destroy, not write citations. We're all Iraqis now.

And lest you buy into the propaganda that militia membership is on the rise here, I quote from Joel Skousen's latest World Affairs Brief:

"MILITIA GROUPS GROWING? HARDLY -- The nation's foremost anti-Right wing disinformation network, the Southern Poverty Law Conference, is still beating the bushes to demonize America's constitutional patriots. It claims, without a shred of evidence that "Militia groups with gripes against the government are regrouping across the country and could grow rapidly." This is totally bogus. Constitutional conservatives are avoiding militias like the plague ever since they became widely infiltrated by government agent provocateurs in the 1990s. As Judson Berger of FOXNews.com commented, "Conservative groups are rejecting as 'anecdotal and exaggerated' a new report out of the Southern Poverty Law Center that claims election of a black president has fanned the flames of a resurgent anti-government 'militia movement.'" It's true he has fanned a lot of fear of gun confiscation, but little of this effect has accrued to the unstable militia movement."
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Is Obama's false flag op set up to be an attempt on his life by the groups marginalized by DHS? They keep laying the groundwork.
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Doctors in Mexico City Cured 2009 Swine Flu with Homeopathy. A skilled Naturopath told me 15 years ago to stop taking flu shots. Instead, use Oscillococcinum. I've taken it several times at the first sign of flu-like symptoms, and never had the flu since. I carry it whenever I travel. Also start taking 5000 units a day of Vitamin D-3 to build up your immune system.
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One of the biggest difficulties in coming to grips with coming events is that Evil exists in the world. Evil, as in Satanic. As in murderous, lying, stealing, malicious intent. This self-conscious Evil is ultimately behind much of what is before us. Sure, some is just logical consequences of our folly. Other is natural. But the worst, and hardest for most of us to come to grips with, is naked Evil.

We've been trained in my lifetime to minimize, even deny, the existence of Evil. How often do we see something totally deranged and malicious, and say, "How sick!" We've learned there is no Evil, just mental illness and bad choices. In the last half of the 20th century we were told there are no absolute values, no right and wrong, just different perspectives. Yes, Hitler was evil, but he was an anomaly. Right!

I recommend reading "Dead Babies Don't Grow on Trees" for a glimpse of the pervasive, organized Evil embedded deep in the bowels of power throughout the world. It's time for us to put away our denial and face some very formidable opponents to our life, liberty and pursuit of happiness.

Grace and Peace and Courage to you!

Concentration Camp information contines to roll in

False Flag and FEMA Concentration Camp Update

Yesterday I connected more dots of the coming dictatorship in America. I accidentally caught a radio talk show discussing the FEMA concentration camps. It was NOT mainstream media, but a small Christian station. Even they kept using the terms "internment, resettlement and re-location" in reference to the camps. Everyone seems reluctant to call them what they are: concentration camps.

The show, Faith2Action, had a guest who put the issue in greater context. He pointed out that Obama, his good friend Bill Ayers, other Chicago (Communist?) fellow travelers are lifelong disciples of Saul Alinsky, as is Hillary Clinton.

They played a video of former FBI agent, Larry Grathwohl, who infiltrated the murderous Weather Underground back in the 70's. Grathwohl told how the leaders discussed the necessity of killing the 25 million Americans they said would not be able to be re-educated to accept their new communist society. Alinsky also talked about how to stage events to provoke a reaction that would then be used to crack down on the people.

Chuck Baldwin just wrote about these camps. He includes a link to a stunning satellite photos of a concentration camp in Idaho. He says: "Obviously, the question that begs to be asked is, 'Who is the US government planning to intern and resettle?' And another question is, 'How many people are they planning to intern that would require the massive number of camps that are apparently being constructed?'" He also notes, as I have, that the Feds have already begun to marginalize patriots of all shapes, preparing the way to round them up and protect society from these dangerous influences. No doubt that Tom Paine, Thomas Jefferson and George Washington would be included in this list today.

This image is causing fits for Obama. In this case, a picture is worth more than a thousand words. Heath Ledgers's Joker is now an archetypal image of naked, self-conscious evil. The mainstream media never said a thing about the many images of Bush II during his reign of terror, but now depicting Obama as the Joker is racist and disgusting. Oh, how the MSN worships Obama!

In case you haven't seen it, a Pentagon exam calls protests "low level terrorism." So by their definition, all town hall protests are a form of "terrorism." And "terrorists" are who Homeland Security is designed to protect us against. Slick, huh? Feel safer exercising your rights to free speech and free assembly? Or posting signs? On cue, just in time for another false flag operation to blame on members of patriot groups, is this report on the upsurge of militia activity in the US. I fear we will see Obama's 9-11 in September.

Steve Quayle, who has many inside military and law enforcement contacts, has recently been reporting many unusual military maneuvers in Idaho and Montana. Here's a disturbing report from one. Let's see. We tie up our military and National Guard in Iraq and Afghanistan, while foreign military keep showing up clandestinely in the US. He also said today that Camp San Luis Obispo is training thousands of snipers for use in a time of civil unrest.
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More ObamaLies. How long will those who call themselves "liberals" rationalize away Obama's lies and betrayals. C'mon guys. I thought you considered yourselves smarter and more enlightened than the conservatives who gave Bush II a free pass. Step up to the plate and help stop the fascism train.
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Afghanistan promises to be another Viet Nam. It was for the USSR. No one has ever conquered Afghanistan. Obama has almost doubled the number of troops there to 38,000, with the commanding general calling for another 45,000. In July 95 US soldiers died there. It seems the US will do anything for the Zionists. (Hey, Christians. Zionism has nothing to do with the promises to Israel in the Bible. Look it up.)

The Military-Industrial-Banking-Media complex has a huge financial interest in keeping us in perpetual wars. Read "The Real Grand Chessboard and the Profiteers of War. Millions of lives lost and ruined mean nothing to these monsters who make $billions from war.
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Our economic glass is less than half full. Lest you believe the talking heads and invest in the stock market's last hurrah, check out:

The Gifts That Keep on Taking

The Bill is Coming Due

Traders Brace for September Collapse

The Royal Scam

This is a Planned Financial Demolition

How Cash for Clunkers Program hurts the poor and will raise the price of cars for all of us. Time to review Henry Hazlitt's Economics in One Lesson where he says the art of economics is merely thinking through the logical consequences of an action. Both Republicans and Democrats need to learn these simple lessons.
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Daily posts at George Ure's Urban Survival continues to point out the steady achievement of "markers" validating the time monks' predictions in their latest report, "The Shape of Things to Come," at www.HalfPastHuman.com. I highly recommend spending the 10 buck it costs to see what the global unconscious mind is anticipating in the future. Their "summer from hell" marker is gaining momentum.
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The CDC seems to be moving ahead with it's "Damn the Torpedoes" approach to forcing untested, and very possibly unneeded, swine flu vaccinations on us this fall. Luckily, there are good Constitutional arguments against forced vaccinations. Not that Presidents and Congress feel constrained by Constitutional limits any more.

In conjunction with the stories on FEMA camps, this story on the manufacture of designer pandemic viruses to consolidate control and reduce world population by the Global Elite make sense. Also, see Biological Warfare and the National Security State.
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Violence between competing political groups was a hallmark of Nazi Germany before Hitler totally consolidated his power. His group of thugs were the "brown shirts." Putting his community organizing to good use, Obama is unleashing his own brown shirts. HCAN is organizing efforts to shut down protesters against ObamaCare. Then we have the previously reported "snitch on your neighbors" program for those who oppose ObamaCare. Numerous photos are now on the internet documenting thugs beating up protesters at town hall meetings.

ACORN, of course, now seems to have unlimited funds from numerous government sources to fund its operations. In tough economic times, it should be easy to hire thousands of goons. We've already seen how they're locating the precise GPS locations of all Americans. No doubt the fusion centers are compiling all this data into handy lists for rounding up all potential dissenters to be resettled in FEMA internment camps.

All this fits with Obama's National Civilian Security Force.
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That's the way its, folks. Pray and prepare.

Grace and Courage and Peace be with you!

Another Day in the Unfolding Crisis

Tuesday, October 7 was designated as a significant day by the forecasters at HalfPastHuman. I've recently become aware of their work through George Ure's UrbanSurvival website, and his subscriber newsletter, Peoplenomics. For over a year they have designated this date as the beginning of a "release" as significant as the events of 9/11, but with about a 6-month duration instead of 10-days. So while I was making coffee I turned on the TV.

The first thing I saw was an excited talking head announcing that for the first time (ever?), the Federal Reserve would start lending money directly to corporations! Wow!! Pretty good start for a day that marks a turning point. The Fed also plans on helping small businesses.

Ure says what we may be seeing is a 6-month "crashcade" financial events that could easily be punctuated by political and military surprises. So let's see what else happened or was noticed today that might be noteworthy.

• The Pope says the world financial system is built on sand. We know what happens to houses sitting on this foundation.


• The Department of Health and Human Services entered into the Federal Register emergency powers to be enacted in an "anthrax emergency." The Secretary says these powers are necessary at this time because he has "determined there is a credible risk that the threat of exposure of B. anthracis and the resulting disease constitutes a public health emergency." Hmm. Thankfully, if you need antibiotics, the US Postal Service will deliver them to your home!


• Mainly of note in Oklahoma, Judge David Russell again supports the Demopublican monopoly by denying injunctive relief from the state's draconian ballot laws to allow Libertarian Bob Barr ballot access. Russell has consistently made decisions in favor of restrictive ballot laws. Why confuse Okie's with bothersome choices?


• The Dow Jones dropped over 5%, making the 29% drop in 2008 the worst plunge in 71 years. This is apparently a trend that can't be stopped by bailouts or other stopgap measures. One Elliot Wave theorist says that investors have reached a "recognition point" of a downtrend that hasn't reached anywhere near its bottom.


• Retirement funds have reportedly lost $2 Trillion in the last 18 months, about 20% of their value. (18 months ago gold was just under $700 an ounce. Did you think it was "too expensive" then?)


• October is the traditional month of financial crashes, and we haven't seen anything approaching panic yet. Hope you're not still holding on. Mad man Jim Cramer publicly advised investors to sell their stocks! Watch out for those MainStreamMedia alarmists.


• AIG executives spent almost $500,000 on a retreat at an exclusive resort a week after their bailout by the taxpayers. I'm sure they needed a rest after all they've suffered.


• Banks are failing/being bailed out all over Europe putting the European Monetary Union in jeopardy. Iceland and Pakistan face bankruptcy.


• The LIBOR spread tells us the worst is yet to come.


• Britain's largest banks will be partly nationalized October 8.


• Britain and many other European countries had their worst stock market drops in history.


• Even Brazil and Russia are getting caught in the tsunami.
• Jim Sinclair continues to urge everyone to protect their investments in metals and commodities by taking physical possession of their stock certificates or putting them into the name of the transmaking sure they're in a real custodial account, and not street name at the brokerage.
• The US Mint has stopped production of some gold American Eagles, while the rest are on strict allocation. There's a "shortage" in gold blanks, you see. You understand, don't you? The price of paper (derivative) "gold" has separated significantly from the price of physical (real) gold. The banksters can, and do, easily manipulate the price of paper "gold." [If you don't have any gold or silver yet, you'd better get some as a longer term store of value, along with several months' supply of cash, food, batteries, prescription drugs, seeds, etc. that you might need in a time of turbulence. There's a good reason Bush has brought an entire brigade back from Iraq for stateside domestic patrols. We might even see the introduction of the Amero and the North American Union as the doomed dollar continues to plummet and lose its reserve status.]

As we get a little more distance on last Friday's bailout vote, more evidence accumulates that not only will it not help, but that it may be the biggest heist ever pulled in broad daylight. Millionaires and billionaires are getting their fortunes saved, while the taxpayers are getting the shaft. Did you realize that the large banks, investment banks and brokerages are huge contributors to McCain and Obama? You can be sure that they have also paid well for their access to the Senators and Congressmen who sold us out last week.

One observer said America is like an elephant that's been shot between the eyes. The hunters have made off with the tusks, and the rest of the jungle is fighting over the remains. A sampling of the analysis: BAILOUT: America's Financial Ruin, All Fall Down, Pigs at the Trough and Republicide. Please vote against ANY Congress Critter or Senator who voted for the bailout in November.

What's ahead? Thursday is "D-Day," as Lehman Brothers Credit Default Swaps are auctioned off. Might be the straw that breaks the camel's back. Then, again, it might not. I keep seeing phrases being used about various aspects of our financial crisis like "looking into the abyss," "approaching the brink," "crash," "collapse," "bank failures," and the like. Using another metaphor, how many bullets can we dodge?

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.