Martin Weiss - Martin D. Weiss, Ph.D.

A Humbling Experience

by Martin Weiss on May 6, 2009 · 1,223 comments

martin1 A Humbling ExperienceI am truly humbled by the hundreds of “thank-you” notes you and so many others have posted here this week!

Your notes saying how we’ve helped preserve your wealth and also keep it growing throughout this crisis are my greatest reward — by far.

And as soon as I return to Florida tomorrow, my staff and I will pull out all the stops to give you the answers you’re looking for on my blog.

In the meantime, rest assured: I’m in Washington D.C. right now, working hard for you!

martin2 A Humbling ExperienceYesterday, I delivered more than 57,773 signed petitions to Congress demanding an end to these senseless, damaging bailouts.

I am also delivering our message to key senators and congressmen on both sides of the aisle who sit on the Senate Finance Committee … the Committee on the Budget … the Joint Economic Committee, the Banking, Housing and Urban Affairs Committee and others …

martin3 A Humbling ExperienceYesterday, I delivered our message to the national media at my press conference at the National Press Club — and today, I have follow-up interviews with CNBC … the Associated Press … The Washington PostUSA TodayBusinessWeek and others.

martin4 A Humbling ExperienceI’m convinced that the timing of my meetings with our nation’s top decision-makers couldn’t be more crucial because …

The Next Phase of This Crisis is Beginning NOW!

Just today, we’re learning that Washington’s stress tests are showing that despite the hundreds of billions of dollars Washington has already thrown at our banks …

Bank of America will need an additional $34 billion of OUR MONEY to survive — and more than half of the other 19 banks will also need many billions more.

Plus, this morning, we had a sneak preview of the next shoe to drop in this crisis: Major cracks are now appearing in the commercial real estate market!

The Financial Services Roundtable — the leading banking and finance industry group — just warned that thousands of commercial mortgages valued at hundreds of billions of dollars are now approaching renewal dates …

And that as many as TWO-THIRDS of the companies that pay these mortgages will NOT qualify for refinancing!

THE QUESTIONS OF THE DAY:

What do YOU think will happen in the stock market when the full results of these bank stress tests are released?

How will Real Estate Crash II — the collapse of the commercial real estate industry impact the banks that now hold these mortgages?

What investments do you see GOING UP as the next phase of this crisis begins?

Be sure to click here to post your responses — and be sure to check in tomorrow as my staff and I begin answering your questions!

Good luck and God Bless!

Martin

{ 1223 comments… read them below or add one }

Lisa Hartke 05.06.09 at 9:58 AM

There may be a short rally but then the market is going to tank. There is no way all this spending can be sustained and the taxmaster will be hitting hard in the future. The only businesses that will do well are the ones the Gov’t is going to keep bailing out.

Raphael Carpini 05.06.09 at 10:21 AM

Being in Canada, we seem to be feeling the pinch more mildly than in the USA - BUT _ as the old saying goes, “when the USA sneezes , Canada catches a cold” - SO - I am reading all of the many opinions and trying to skate in between- I guess you could say that I am a risk taker (even at 79) - so I try to choose investments (shares) which I feel are NECESSARY , even in bad times, and hope I made the right decisions ( always trying to keep some cash - +/- 15% , just in case ) I do not feel comfortable with mutual funds nor bonds ( I have limited knowledge) so I don’t go there - RAC.

tony 05.06.09 at 10:29 AM

It’s a head fake ralley, look at stockastics this market is now over bought and the crooks that promped up this market are now headed for the exit! They love to sucker people in and cut their legs off. You must time the market to keep up with the crooks, when commercial RE hits Lord help us all!

Sol 05.06.09 at 11:05 AM

I have recently read three books: “The Great Crash of 1929,” “Extraordinary Popular Delusions and the Madness of Crowds,” “The Ultimate Depression Survival Guide.”

These three books have taught me much about the markets.

Regarding the stress tests and real estate, the above books suggest that this current bull market will turn bear. When and by how much though is the million dollar question. It amazes me that with every bit of bad news comes a rise in stock prices.

Luckily I did buy GE and BAC under $10. But I also have bought SRS and shorted CMG which has killed me… so, really, I have no idea!

Everett Kaminsky 05.06.09 at 11:08 AM

At almost 72, & taking a hit in the last 14 months, I know I’ll never recover my losses. Reading the Depression Survival Guide book is probably the smartest thing I’ve done in a long time, & even in a asset preservation mode now, with limited resources, I hope to begin a slow personal climb out of this mess. I doubt I’ll ever trust Capitol Hill again. EVK

Linda 05.06.09 at 11:09 AM

How on earth can Bof A need 34 Billion and still have gone up in the market? Wouldn’t that news tank the stock?

Norman Roberts 05.06.09 at 11:12 AM

What can one say? As for me and
my better half,we were born and
lived our early days through the
last great depression.Now at our
late 80’s, this one looks like it will
be even worst than the 20’s thru
ww2.May God Bless us,every last
one of us,especially you Martin
for all your efforts and guidence.

mike adair 05.06.09 at 11:19 AM

Who knows how long the charade goes on. But acknowledge that it can’t go on forever. I don’t trust what they will release with the stress tests results. The leaks have not been good but the release may be a bit better than the leaks thus far. This managed so the spin will be “better than expected”. Then Geithner can give a speech once again for the umpteenth time saying he sees organic green shoots in spite of the need to raise capital for the banks. Thank you Martin Weiss

Amy 05.06.09 at 11:53 AM

Dr. Martin,

Thank you for all you’re doing. I just finished my first reading of your new book (wow — amazing) and will be doing a second read for finer understanding of the details.

One thing I’m concerned about is commissions on my small nest egg, and the costs of investing. All of my investments are from recommendations I’ve gotten from your services.

I’d love to learn how to plan for taking positions that anticipate earning enough to get my commissions back AND make money on top of that.

In the short time I’ve been investing there have been some losses (because of the bear rally and I have inverse ETFs) and some sideways movements.

I’m new to investing and need to learn if there’s a formula or method I should be using to anticipate expenses versus gains in my portfolio.

I’m continuing to search for answers around your sites (there’s a lot of information), but if you’d address commissions in your blog sometime, that’d be great. And thank you again for all you do.

As for your question in this post…

What do I think will happen regarding release of further info on the bank stress tests? The masses will continue to invest based on the goofy headlines we keep seeing. But, as the underlying problems haven’t been addressed there will be more blood in the streets.

I’m holding out for Dow 5000.

obewon 05.06.09 at 12:11 PM

@Martin:

First, and most importantly, I wanted to take a moment to personally thank you for your tireless efforts, and for offering the American public (those who are willing to listen!) the best advice one could get… and at no charge!

Response to Your Questions:
You asked several questions, each of which I will respond to. But first, I’ll say this:
basically, I am in near total agreement with all of your suggestions and all of your forecasts about the economy, the CRE market, the residential real estate market, the downward spiral in employment, the commodities markets, etc. The one exception is the US Dollar; while I believe it will “hold” for a while (i.e. bounce around as it has been doing for the past 3 months), I believe that the eventual debasement and devaluation of the USD is inevitable.

Q1: What do YOU think will happen in the stock market when the full results of these bank stress tests are released?
I believe the market will soon fall hard, but somewhat independent of these stress tests, since most informed investors KNOW that they were rigged anyway. In no way will their results reveal the true picture of insolvency among these banks.

Q2: How will Real Estate Crash II — the collapse of the commercial real estate industry impact the banks that now hold these mortgages?
I believe this coming CRE collapse, coupled with all the other terrible truths about our economy (largest banks being insolvent, large and continuing unemployment stats, etc.) will drive the banks to their knees… until they capitulate and reveal “a little more” of the truth behind their insolvency. This will drive the stock market to new lows.

Q3: What investments do you see GOING UP as the next phase of this crisis begins?
Tough question to answer!
In a nutshell, I believe that gold, though being manipulated by our government (via JPM) will hold; then eventually will go up. Second, commodities in general will do well. As we move into 2010/2011, I believe gold & commodities will then start to shine even more.
On a related matter, I believe that the best investments for summer of 2009 are shorts on financial stocks (or inverse ETFs), and shorts on CRE stocks such as SPG (or inverse ETFs). SPG is outrageously high, considering their precarious position, and the fact that they issued more debt (and diluted their stock!) a month or so ago.

JohnC 05.06.09 at 12:12 PM

My biggest concern right now is the value of the U.S. dollar and inflation. Could we see runaway inflation?

In Martin’s fantastic book, The Ultimate Depression Survival Guide, Martin argues that one of the biggest reasons why we won’t see runaway inflation is because bond investors will dump their T-bonds and refuse to buy more if inflation begins to rise too sharply. The result would be higher interest rates and restrained inflation, if not outright deflation.

In fact, we are already seeing less demand for long bonds. The markets are a bit worried over this week’s auctions by the Treasury, in which they will issue 10-year notes and 30-year bonds to compliment the issue of 3-year notes yesterday.

But here’s the thing:
The Fed is buying treasuries, in a strategy they euphemistically call “quantitative easing” or what the rest of us might call just plain money creation. They plan to purchase something like $300 billion this year. This means, if bond investors boycott treasuries, the Fed will step in to take up the slack in demand. My guess is, this is exactly the expectation and the plan. With the Fed purchasing US government debt, this, I would think, is even worse than bond investors willingly lending the gov all the money they ask for. In other words, this should stoke inflation. Taken to it’s ultimate conclusion, it could mean the collapse of the dollar.

Now, I am not an expert. Martin is. So I would really, really appreciate his take on this.

Paul 05.06.09 at 12:28 PM

What early warning signs should we look for that this rally is ending (before it does)?

bill anderson 05.06.09 at 12:37 PM

I believe this:
we are in a secular bear market started in 2000 and ending in abot 15/16 years. The position of the market then will be about the same in 2015-16.
During this time, no more than 4% in any one stock, etf or mutual fund should be whatever $ you deem acceptable. As for me, here is what I’m following and own: isrg-fslr-hts-ddm-dia-qqq. Watching aapl-cern and
‘baltic dry ships’.
I read Barrons and am on the internet to see names I can then review along with persons who give names of companies.
Believe there w/be at least 1 more big drop, maybe not 660 but close enough, and then buy.
In the meantime, make your list of what you want to buy, backtrack 6 months for those dips & rises and plan your entry price. Always add a stop price.
Thanks for reading.
W.K.Anderson

Paul Walline 05.06.09 at 12:48 PM

Bank of America needs three times as much $ as thought. Result: BAC up 12%. If Edelson is right, and this fake market reaches a DOW of 10000 or more, I won’t have to worry much about my ‘investments’, they’ll be wiped out :-).

Ed McDonough 05.06.09 at 12:50 PM

Martin: I’m only on chapter 12 of your book, but from what I read I don’t think it’s over.
We do not have your expertice or ability so please keep us informed. Ed

gerald driver 05.06.09 at 1:22 PM

hi chaps, this is England being dragged down with you plonkers, but house prices here in east devon have hardly moved down yet, i sold all of my real estate by the april 2004[i got caught back in the late 80s/early 90s.] i have been waiting for it all to go pear shaped ever since. i don’t know what is keeping the prices so high. renting has increased 15% for i think 3 bed houses over the last few years though. investing: with buying forwards when the pound reached 1.02 euros and 5.25% on anz bank in nz 24 months is my bet, also a few bs accounts in england only a little , up to £50,000.00. gerald. p.s. i don’t trust companys.

Rup S. 05.06.09 at 1:37 PM

As soon as the revisted/revised bank stress test have been finished being munipulated and are published the banks should tank thus taking the breath out of the rally as well. Hang on we are on another roller coaster ride down the financials…best of luck all.

Rup

Bruce Greenberg 05.06.09 at 1:40 PM

I think this dead cat is still going to bounce higher before it falls. Perhaps it will stay in the air for another month or two. Hard to predict tops or bottoms accurately. I have a question. Recent #’s show our gold reserve is 8000 tons which is about 80% of our currency reserves. China has about 1000 tons which represents about 1.6% of their currency reserves. Does currency reserves represent the “savings or capital” a government has and if so it seems right now China has 7 times as much savings as we do. It would seem prudent for our government to devalue the dollar and pump gold up to narrow that gap. Any thoughts? Bruce

Yvonne 05.06.09 at 1:48 PM

I am so happy, that I am not the only one, who is afraid of all those bail-outs and the printing of all that money.

We have nothing left except credit card debts of over $40,000 (seasonal jobs, this year no customers from December until mid April) our house, which is now worth 3/4 of our existing mortgage. And now we owe the IRS $10,000 (2 years). Ok, we will try to overcome all this.

Heard that people could get a lower rate for our mortgage without remortgaging, as long as it is an FHA loan. I called the State, now listen to this. I asked whether there is a provision for us. The answer was, if you are in foreclosure, we may be able to help you. Now, I do not want to go in forclosure, I said, but maybe I should. The answer was, maybe you should, that is up to you. Can you imagine, how many people probably are doing that? That is our administration.

Maryann 05.06.09 at 1:49 PM

The Fed is treating us as though we are their “puppets”; pulling our strings one way and then the other way. Geithner says one thing; the next day or so Obama says something else and so on. Somewhere in the mess of Congressmen there has to be someone or a few who will rise up and stand for the American People instead of for their next election/their jobs. Also, let’s limit their terms to ONE and OUT. A 30-year career politician has lost touch with the people and will cater to his/her own cronies. Mr. Weiss has been correct for many months that I’ve been reading Money & Markets, but still it is difficult to gauge the future with so many opinions. And, with interest rates so low, how does a retiree cope with limited funds? Where can one get a 5% safe return….not asking for much, but at least to keep up with costs of the basics of life.

Roy 05.06.09 at 1:49 PM

Hi,
I have been following the revelations of information from moneyandmarkets.com and I must confess that it has been very impressive. However, I would be grateful if some light is shed on African economies especially the West African sub-regional area where I have some investments.

trevor taylor 05.06.09 at 1:49 PM

Hi
Thank u for your advice it has help me much im not in the market at this time only in gold and taxi s ,im serious about buying gold companys , big question where will the australian dollar go
trevor taylor

warren brune 05.06.09 at 1:50 PM

Martin: Likely, you will not consider this message one of your desired best, but I am very confused. You point out the fallacy of the administration’s policy of bailing out the banks and other financial institutions, but the stock rally has been one of the strongest ever. Why are so many investors wrong? We kept purchasing and selling at considerable losses various inverse ETFs, even the ones you espoused, so our capital protection really turned out to be capital destruction. Now we are just watching the market rally, afraid to jump in (or out). wb

Steve Heil 05.06.09 at 1:51 PM

Hi Martin, I have been in cash since the rally has started.I am following your advice and looking to short the market some time soon.With all of Govt intervention it is hard to pick a entry point.I would like to get in Faz at some time.Martin do you think they will sell this rally after the jobs#.In the safe money report you and Mike say the housing market has bottomed [I hope not i live in S Calif-renter with alot of cash to buy] isnt that a positive for the market? We need your help to profit in this madness.

Thanks for all of your help.

Sincerely, Steve Heil

Trudy Dowell 05.06.09 at 1:55 PM

Thank you so very much for your timely advise and making what is happening more understandable. I would appreciate if you could sometime comment on just how safe an investment in old coins (Gold and silver) is

Fred Galenko 05.06.09 at 1:58 PM

As for the next shoe to drop, ( Commercial Real Estate Market ) I just read an article that our fearless leaders in Washington are in the process of bailing them out as well.

Apparently there is no end to their madness. I guess the only way that Washington will ever begin to listen is with a mass public outcry/revolution.

They have proven to be above the law.

Trudy Dowell 05.06.09 at 1:59 PM

thank you so very much for your timely advise and making what is happening these days more understandable. It would be wonderful if you could comment some day on how safe investments in old coins *gold and silver) would be for sheltering ones money.
Sincerely Trudy

Robert Setele 05.06.09 at 1:59 PM

I have concerns about holding a lot of US dollars in cash or treasury only money market accounts when some of your own experts predict a crash or devaluation in the dollar soon. Just because the dollar rose with the 2008 stock market crash doesn’t mean it will be strong during the next crash. Would it be safer to hold cash in foreign currencies? Which do you advise?

Ralph Herbert 05.06.09 at 2:02 PM

Martin: Have you been able to get the attention of any congressmen to agree to the madness of continuing giving billions to DEFUNCT banks? As long as the system allows lobbying we will have a government for the rich, not the people.

Alan Rutz 05.06.09 at 2:03 PM

I have read and subscribed to about 15 different newsletters the last 30 years. Collectively, they have taught me to be careful, and of all of the newsletter and books that I read, Martin Weiss always seems to have the best concept of the future. I just finished reading Martin’s book “The Ultimate Depression Survival Guide”, and it was very eye-opening for me. The only question I still have is “will printed paper money be valuable until the economy does begin a re-growth?” I don’t have much confidence left in our Congress in Washington.

Tom Vacher 05.06.09 at 2:03 PM

Folks - excellent, vital work in raising awareness for investors and maybe even the authorities. The expositions are enlightening. You trounce other commentators like marketwatch in your details and while there is disparity of opinion within your group of contributors that speaks to the ability to provoke debate and see all angles. While I fled the market when I saw queues outside Northern Rock, I have received an education from you in the investment tools available and strategy considerations. I’ve held onto what I’ve got rather than made much but I’m certain, on my own without your articles, I’d have made a right ass of myself.

Grant 05.06.09 at 2:03 PM

re: What investments do you see GOING UP as the next phase of this crisis begins?

Short term - businesses that cater to downgrading of life-styles as we’ve already seen. So I look for McDonalds, Walmart, General Foods(?) etc. to do well. Also, in the 30s parts of the entertainment industry thrived as people needed some cheap escapism to survive. Which industry will that be in today’s world? Not sure yet … online videos like iTunes? youtube of course, home entertainment on a budget? … Over the next year or so, industries that build infrastructure as projects begin to move on the promised government funding - engineering and construction firms especially those with international scope (and especially China - cautiously…). One thing I’ve seen in past recessions is that well run, well financed companies use recessions to expand their infrastructures and plants etc., while labor is cheap and they won’t miss any “downtime” caused by construction. I’ve noticed several McDonalds’ restaurants in my area re-newing and expanding their restaurants for example. Likewise my grocery store. The local EA Sports video game producer is consolidating two facilities into one - more good management. I get the feeling from good management decisions like this that these might be companies I’d like to own shares in. And I’ve also decided that I will strive to KNOW what I own in my funds, and make sure they are things I can live with as an investor and citizen of the planet (i.e. way beyond “ethical” investing). Consequently, I probably won’t invest in companies producing oil in the Alberta oilsands as they are causing a world-class environmental hazard along the way. I’m “out” for that. As an investor I now realize it is my responsibility to participate only in things that will produce the kind of world I want my grandchildren to grow up in.

Mrs.Wandorer Collins 05.06.09 at 2:06 PM

I, STILL BELIEVE THEY NEED TO HELP OUR SENIOR CITIZENS,TO KEEP THEIR HOMES THAT THEY HAVE WORKED HARD TO GET,AND OUR VETS.

Bob 05.06.09 at 2:06 PM

The current rally is being led by 2 groups of stocks…..those that fell entirely too far and in many cases were selling from 1/3 to 1/2 of book value. These are companies like Temple Inland, International Paper, Alcoa, Dow, Tata Motors, etc. The second group is the banks/financials who are reporting fictitious earnings based on accounting rule changes and not much else. Companies such as Coca Cola (KO), Proctor and Gamble (PG) and Wal Mart (WMT) have not participated in the rally in any meaningful way.

That tells me what I need to know. Without broad participation by the bedrock of American industry, this rally will inevitably fail and those who are invested will be hurt yet again. I am saddened that our great country is being run (and has been run for some time) by a bunch of opportunistic thieves. Seeking help from the government is a bit like taking poison to cure a cold. It’s better to stay sick.

We will eventually climb out of this hole, but not before each and every American takes a hard look inward and decides that he or she is going to pull himself up and, if he has any strength left over, pull his neighbors up as well. That’s where the solution will come from, not Washington DC or Wall Street.

phil trupp 05.06.09 at 2:06 PM

Dear Martin Weiss,
What happened in Washington? I’m a working journalist in DC covering financial news. Unfortunately, I may have missed reports of your activities here. Did the Post carry any news of your visit to Capitol Hill or the speech at the Press Club?

You can check me out on Google as “Phil Trupp” or “Philip Z. Trupp.” If I’ve missed a relevant news item concerning you, please let me know. I cover a lot of territory. Am currently reporting for a number Internet sites and am in progress on a book, “Money on Ice”: How Ordinary Investors Beat the Biggest Fraud in Wall Street History.

Hearing from you may be productive for both of us.

Regards,
Phil Trupp

Harley 05.06.09 at 2:06 PM

Martin: I am one of many holding ‘business investments’ that I’d sell if I could even break close to even! I want to just say “THANKS” for trying to open eyes in Washington and other key places. Very few of “us” have had ANY LUCK GETTING TO THESE PEOPLE WHO ARE SUPOSTO BE REPRESENTING US!! I’m pretty upset about Bank of America using taxpayer $ to make offshore investments, then ask for more!! Our government needs to get a grip and let things settle out as they naturally should! Y0u can’t “force” this issue to go away!

brian 05.06.09 at 2:07 PM

There has always been something strange about this rally. First, the “leaked” memos…then the earnings press releases…then the bogus earnings reports themselves – filled with FASB accounting hocus-pocus and missing months…now the massive increase in trading by Goldman (last week Goldman traded over 1B shares, and the other 14 largest players only traded 950M). I don’t trust any of it. Goldman has fed this rally with a ridiculous increase in its principal trading at a time when other traders and funds have been quickly deleveraging. No wonder AIG needed more taxpayer money…all that government loot passed straight through them to their credit default “counterparty” Goldman. I imagine it’s easy to fabricate a rally when billons of dollars fall in your lap. Let’s see how they spin the “stress tests” tomorrow. God help us! How does one invest in such a manipulated market? At some point, it has to correct….right?

julie young 05.06.09 at 2:09 PM

Please address insurance companies and insurance premiums. How is this disaster affecting both? As a personal and commercial real estate policy holder, I’ve seen rates skyrocket over the last ten years. Will there now be pressure for them to come down?

Paul Wolfe 05.06.09 at 2:09 PM

I am of the opinion that the current rally is government sponsored manipulation which was designed to do two things: fool the population into thinking the economy has been saved, and making money for the big banks through their Wall Street trading. The fundamentals of the economy don’t seem to matter. The balance sheets of the banks don’t matter. The stock market is being forced into another bubble which will only burst violently sometime down the road.

On another topic, i wonder about the health of Life Insurance companies. Are they truly as solvent as their ratings would indicate? Undoubtedly they have invested in bonds such as GinnyMae and GMAC, and mortgage backed securities (MBS) which are mostly only worth pennies on the dollar, as well as stocks. Are these companies carrying their securities at market value? I’m particularly concerned about the non-stock companies which are not listed on Wall Street and therefore do not have to report the same way as publicly traded insurance companies. Will they be able to deliver on their annuities, their pensions, their policies?

Gary MARTI 05.06.09 at 2:10 PM

Dear Martin
I was wondering how safe you think US Bank is?I have CDs there and a rather large Checking account?
GARY

Earle UK 05.06.09 at 2:10 PM

Even on the other side of the world its maddness (UK) They only tell us what they want and ALWAYS make it less fearful but believe me it going to get scary for a long time yet and we are still slidin down the slippery slope.I feel for our grandchildren, they will be paying for these outrageous bailouts for years and years.I think the next move by the USA is another big war??Thanks for your guidance

Sandi Krakowski 05.06.09 at 2:11 PM

Martin you are so genuine and sincere, I truly appreciate all your wisdom and insight. The diligent WILL rule… and there is a way to soar and prosper in this dying market, it’s in being the diligent, be the ‘honest’ and the one who goes beyond and over delivers. You are a model of that! Thank you thank you! More marketers would do well to over deliver and walk in honesty, for that is what will rise when all of this settles.

Norman L. Melhiser, CPA 05.06.09 at 2:13 PM

Martin:
I am a believer in helping others, and have done so most of my life. Yet, that implies that those being helped are also trying to use it to then help themselves. These enormous and somewhat appearing to be meaningless bail-outs also appear to be nothing more than payoffs for support during the campaign. The “leaders” are just strong arming us for an ongoing program of continued re-elections, not what is best for the society as a whole. Why do we continually reward those who are very capable, but refuse to work at being a productive citizen? At the same time we are punishing those people who had very little, but have worked hard at learning their occupation and saved a percentage of their earnings, in an effort to not be a burden to the government and to society. After all, many of the so called “wealthy” people started with little or nothing, now they must give it all back. Does not the government have some responsibility to encourage entrepreneurship and self-help, so as to not be a burden on others? Enough yet! There is very little we can do about it, and the next several generations will not only pay a price, but will weaken our country and economy beyond full recovery, moving us into a second world society. Best Regards, Norm.

Gordon Goodmund 05.06.09 at 2:15 PM

Martin,

GO FOR IT!!!!! I KNOW THAT YOU HAVE MANY, MANY LIKE MINDED PEOPLE STANDING WITH YOU AND WILL CONTINUE TO DO SO.

GORDON GOODMUND

Terry Riney 05.06.09 at 2:15 PM

I like what you are doing. I believe that getting rid of the federal reserve is what is really needed
My Representative Wally Herger admitted that the fed gave AIG money without asking anyone.
I watched a video of Alan Greenspan saying that the fed answered to no one in the government.
In other words they are running the country.
We need that bank abolished.
I hope you will pass the above site on.

Adam S 05.06.09 at 2:16 PM

A huge THANK YOU to MARTIN WEISS and EVERYONE involved in your organization for all of the economical information you present each day.

Jerry Sullivan 05.06.09 at 2:16 PM

With a lifetime of experience in construction and land development which included the management of about 3-4 $ billion of such projects in what is now called Silicon Valley of California , I feel that not enough attention has been given to the negative impact of the high profits made by builders during the devastating upswing of home prices in
California and elsewhere in area where home prices exceeded normal increases in value.
Certain large national builders posted 75 % return on investment to their shareholders and increaseed cost to consumers by 80 to 100 % over their costs. They should be investigated as a major contributing factor in the causes of our financial crisis in this country. Yet they are standing in line and hoping for a bailout. Not all builders were so greedy , and that is why some states do not have the overhanging financial stress of many home owners having homes that cost much more then they are worth. That condition will exist for some time, and there should be no effort to “stabalize ” home prices in these regions . Yet we do need CRE loans for worthy projects . Banks are not providing legitimate opportunity as they should . Not certain that Obama understand fully what caused the financial crisis in this country, and it will not be solved with the excessive give-away programs he has allowed . The markets are down because people are very concerned because they know the directional this county is headed. We have to become a nation of informed people rather than just followers

Jerry Sullivan

Jerry Sullivan

Olev 05.06.09 at 2:18 PM

What worries me is the fact that when money is put away into a safe haven like Gold or whatever and the price of that safe haven increases due to inflation, the government will tax that increase when we convert it to legal currency. Now suppose that hyperinflation sets in and your safe haven price goes through the roof. The government can tax your savings as though the whole amount is income. Is that right? Are our savings in danger of being taxed in this way?

Diana in Texas 05.06.09 at 2:19 PM

Dear Martin,
I signed the petition and thank you for your hard work. I have been reading your news letters for at least the past 10 or 11 years and you have always been right on with your preditions. I appreciate your dedication and helping others. I am especially impressed with the fact that you are donating the proceeds from your new book for homeless children. My daughter and grandson had the misfortune of being in a homeless shelter last summer but I thanked the Lord for the kindness of others and charities.
Thank you Martin for everything you do.

Robert E Dyer 05.06.09 at 2:19 PM

HI
thanks for your insights
I was 10 in 33 and remember the Great Depresion
My sense is that a step function will surprise all
Could be an order of magnitude devaluation of dollar?
It seems to me we about to loose America USA and it’s been in progress
a long time.
I feel we have lost everything we won in WWII
I’m an 86 year old WWII veteran of the Pacific Aircraft carrier war.

Sonia Ingram 05.06.09 at 2:21 PM

Because the bank bailout will be paid by the American tax payer, the bank stress test results will not cause a collapse in the stock market. I do not see any collapse in the stock market because the Federal Reserve is determined to spend as much money as is necessary to rescue the largest private banks. As the Federal Reserve and the treasury views the economic collapse, the private banks survival requires that we tax payers pay the price of their fraud, conspiracy and predatory loans by redeeming the banks with our funds.

J.K. Galbraith says”……If I’m right about the underlying quality of a large part of that asset base, then these loans are going to default and go back to the Federal Deposit Insurance Corporation (FDIC) on a nonrecourse basis. That means that this plan is a way of rescuing incumbent management and bondholders of the major banks that were most responsible for the crisis and, in a disguised way, transferring the losses from the books of the banks, where they sit now and have to be recognized, to the FDIC and the taxpayers. It is a way of avoiding the necessity of devaluing those assets now and requiring their present owners - the banks - to take the losses that are appropriate to take.

The strategic reason that the administration is doing this is to preserve the large banks. The result of the decision to do that is that in a financial sector, which is much too big relative to the economy, the shrinkage that will occur will fall elsewhere. It will force smaller banks to the wall and it will force institutions which are more community oriented and more vulnerable to be bought up or suffer from very big increases of insurance charges. We will end up with a banking system which is much more concentrated than it should be and where you have these enormous executions of small banks, which experience shows you really can’t..”

Alvarene Molland 05.06.09 at 2:21 PM

it’s amazing ,but so many small stores have closed down in the city, and larger commercial ones like FORTUNOFF -a favorite of mine-gone! I understand that some of the banks want more bail out to give the bonuses ,so as to retain employees! But where are those employees going to get jobs if they leave?
What they are doing in the market, is alternating things each week-bulls week,then bears week, its good for the psyche. They say there’s ALWAYS opportunities in the market no matter
what! Thank you for looking out for us and keeping us informed.
Oh ,I understand that GOLD will take off again,so we should own gold,only thing I cant afford it,and dont know what i woul d do with gold bullions.Having said that maybe those who are more fortunate should think about it.
Alvarene M

Abraham Jedidiah 05.06.09 at 2:22 PM

Dear, Martin:

After I watched your video, I changed my way of investment and bought a lot of FAZ at the price of 9+ USD.
Now what? it dropped to 5+, and I lost many other oppotunities to invest. I really don’t know when will the situation you mentioned will come, maybe will never happen. Then I questioned myself, how can I trust you so blindly. Since you look like a good man, I won’t blame you.

God bless you.

Abraham

vinh ha 05.06.09 at 2:23 PM

Mr. Weiss,

I have no comments but I would like to ask you an important advice.
Should I paid off my $92,000 30 years-fix mortgage at 5.375% interest.
I have $130,000 in 13 weeks T-Bill and 6 months CDs. We have $350,000
in our Thrift plan. I am 75 years old and my wife 68.

I am confused about my investment in this “recession” and the massive bail-outs.

Pls. help us by saying Yes or no I should oay off my mortgage.

Thank you.

Bryan 05.06.09 at 2:23 PM

I’m trying to figure out whether to keep international mutual funds such as DODFX. They took a hit, but not as much as US funds. Bail out now, or is Asia solid and likely to be more immune from troubles in the USA?

Greg Cross 05.06.09 at 2:24 PM

Martin, you and your staff have been a source of calm and reassurance for the past 10 years. My father always advised me to invest my money in what I know. For the most part I have and have done fairly well. I carry term life insurance to cover business asset purchases (level 10 years) but at some time that will become relatively expensive to carry. What insurance product do you recommend?

I am planning to dump my mutual funds once my sell target is met. Hopefully the recent temporary bounce will allow me to do this. Until then, my weekly contributions are continuing hoping to take some advantage of cost averaging. Gees, what a pain in the posterior this all has become.

Patrick 05.06.09 at 2:25 PM

Critical results of these soft-ball “Stress Tests” will never be fully known, certainly not in the near term, if this news is ever fully disclosed or carelessly trickels out into the light of day, it will only occur long after any defensive actions could have been taken.

This is in part because a majority of the drive-by press are true believers, they willingly cover for the Obama administration, just like Al Jezera covered for the axis of evil. True believers protecting their faith with every fiber of their being, in spite of evidence to the contrary, defending their emotional needs well beyond reasonable doubt. The Obama administration will spend it’s cover-up capitol wisely taking full advantage of this situation.

Jim Pellissier 05.06.09 at 2:27 PM

A general malaise doesn’t have the same affect on all investments, even though it does affect nearly all investments. I tend to look at individual companies, many of which are severely underpriced but perceived to be just another generic part of the bubble economy we’ve been living with for the last forty years and not simply another statistical dot in the trouble caused by the destruction of the regulatory apparatus designed to protect us from the Supply Side Scam.
Also, I think you ought to explain how these leveraged inverse etf’s work. They aren’t for casual or not fully informed investors. You should explain that what people are buying are credit default swaps that are settled DAILY. If you were to look at a daily chart you will see that the last thing you want to do is buy them without being FULLY aware of the kind of derivatives they are playing with. These should be used only by full-time professionals or at least fully informed people.

Thomas Dean 05.06.09 at 2:27 PM

I’m 59 and I my only investing experience is with my 401K and an IRA, both of which are nearly half gone. But I took your advice and moved everything to to money market funds. Neither had a TBill choice, but at least there was a money market fund. I hope to do a little investing soon using your advice and that of your team. Thanks Martin, you give me hope that even I can invest successfully in the future.

drew 05.06.09 at 2:28 PM

I rhink this whole market is being manipulated by Government and that this stock market truly has not bottomed out.. How can the recession be over; when Chrysler is in Bankruptcy??. They will shut 8 plants completely. No consideration has been given to all the suppliers who are also not going to be needed. My opinion is that Gold will go up as opposed to go down based upon the current economic environment. The DOW though really only evaluates the top 30 companies so I dont really think it a very accurate predictor of Long term

jheitzhaus 05.06.09 at 2:29 PM

Dr. Weiss, PLEASE CONTINUE TO KEEP US INFORMED.THANKS FROM THE HEART.
JHEITZHAUS

Gary J. Sellers 05.06.09 at 2:30 PM

Dear Mr. Weiss,
I am so glad I have bought your book, The Ultimate Depresson Survival Guide. I might say that I trust your guidness in ths mess. I am 54 years old and me and my wife’s
401k have lost a great deal. I am trying to get my ducks in a row so maybe I can have a retirement some day. If you could give me some information about the home based business you had on one of your e-mail you sent out. You talked like it could me started with little money and the possibility could be great. I need to find something to help me through this time till I can retire. Again thanks for all your concern for just normal people out here trying to find are way through this mess.

May the Lord bless your work,
Gary J. Sellers

mike 05.06.09 at 2:30 PM

what’s going on with the bank stocks? they need cash and there stock is going up. are people insane, can’t believe it.

Wilke Renwick 05.06.09 at 2:30 PM

I believe the stress tests being performed by government regulators are simply a mechanism by which the current administration can take control of the financial industry without using the “N” word. Like so many other policies they are pursuing that are unpopular and unwise, Obama and his cronies are coming in through the back door. The early unofficial results of this clearly support my assertion - or is it merely coincidence that the Bank of America shortfall conveniently matches the dollar value that would make the U.S. Taxpayers the majority shareholder if the preferred stock were converted to common stock? The results of the stress tests will be bogus, and the government will use these results to socialize the industry by force.

Buddy Eldorado 05.06.09 at 2:31 PM

I’ve just cashed out of this ’sucker market rally’, today. Looking for stocks to short. Now 99.99% in cash, ‘T’ bills, gold & silver. Many opportunities await. Hope people
are smart enough to bail before the fecal material hits the fan.

Bill Staat 05.06.09 at 2:31 PM

A number of years ago a senator (Proxmire?) said that “a billion here and a billion there, and soon it begins to add up to real money”. How about a trillion here… etc. I don’t think most Americans really have a handle on the taxpayer’s obligations in the future. As a wild estimate, there are 300 million citiizens and I’m guessing that about 100 million are taxpayers. Of these, the top 10% pay the majority of all taxes (about half of all Americans pay no taxes at all, so from a taxpaying point of view the $4 trillion isn’t an obligation). However, for the 10%, their obligation is a whopping $400,000 each!! It would be interesting if someone on your staff with better knowledge could come up with the real number. This of course seriously bites into the wealth of those taxpayers (those who create jobs, businesses, …). As another wag once said, you don’t go to work for someone that doesn’t have any money. Just my two cents worth. Perhaps with this perspective, our President wouldn’t be so willing to spend other peoples money.

Rick Taylor 05.06.09 at 2:33 PM

I too am a Canadian but left Canada 15 yrs ago re. taxes and weather. I am extremely at the impending demise of the US economy as it affects all of us. Thank you for trying to wake Americans to what is happening to their country and economy. Politicans lied in the past, continue to lie in the present and I don’t expect it to change in the future. The last president is a Harvard MBA and “couldn’t see it coming”. Bernake says the economy will recover later this year yet the gov’t has thrown more money at the economy than ever before in history. The actions contradict the rhetoric. America is repeating the same mistakes as Japan. Keep insolvent banks afloat and build roads to nowhere. All the while adding additional taxes to an overburdened consumer.
The fix begins with prosecuting the fraud in the system including government officials. The system needs to restore the Glass Steagle Act and regulation or elimination of derivatives and regulation of hedge funds. There needs to be a restoration of transparency and accountability. Get rid of the Fed as well.
Instead we have a president changing the legal rules in the case of Chrysler by putting unsecured creditors (pension holders) ahead of secured creditors (bondholders). How does this restore confidence in markets. Even banks have found ways around reserve requirements so that they effectively carry no reserves. How can this stabilize the banking system.
The financial system is corrupt and rotten. Until you get Wall Street out of Congress and the Executive Branch the system will remaing broke, immoral and corrupt. They are trying to fix a credit problem by injecting more credit into the system instead of letting the markets go through a natural deleveraging process.
Good luck to those who believe Uncle Ben’s rhetoric that the markets will improve later this year.

kate mcleod 05.06.09 at 2:33 PM

I am looking over notes written to banks such as WMAU, INDYMAC, LEHMAN BROS ETC. and they were written for 13%, 9%, some 6.5% surely all over market. These banks issued tons of money to borrowers who really didn’t intend to pay anyway. then I suppose these notes with “secured” mortgages, were tranched and then sold to unsuspecting pensions funds etc. No wonder it all happened. Fraud from buyer to seller to title companies, to mortgage brokers, to appraisers, to banks etc. How short sighted they all were. time in prison for a few dollars!! Now I have read that those NY investment people and wall street traders and bankers could be a target of an unruly mob, like houses unprotected in Connecticut. I am fearful of civil unrest.

Vincent De Cesare 05.06.09 at 2:34 PM

Should I be sell my oil stocks into this rally?

kate mcleod 05.06.09 at 2:36 PM

Since you are afraid of stocks and the stock market, how safe are gold and silver stocks?
should they be converted to cash? I enjoy all you write.

Curt 05.06.09 at 2:36 PM

The market continues it’s steady climb upward!!! What are these investors thinking ???
This is why I continue to watch from the sidelines. I just don’t want to be another statistic when the market stumbles again…

virginia schendler 05.06.09 at 2:37 PM

Dear Mr. Weiss’
Near total dependence upon your Safe Money Report and daily e-letters for the past 12 months or so. THANK YOU. At the moment I am well under water with SKF and manageably down with PSQ, EUM, DOG, etc. I know you have warned about these holdings in an up market. But at this point with your renewed caveats should I hold or get rid of these positions?
I hope these questions are appropriate to your blog content!
Thanks again.
VS

JIM 05.06.09 at 2:37 PM

Martin , I lack the knowledge to answer the questions posed. I toomk a hit in the begining and moved to the money market fund. In addition I looked at annuities and the companies that sold them. What is your take on Jackson National Life (Prudential ) for fixed annuities? I know this will not make a windfall but it appears to be secure.

Alfred T. 05.06.09 at 2:40 PM

My input is very Direct due to the fact that I am a TIME TRAVELER, I’ve seen this play coming since last
year April ‘08. This Admin Strategy will not only fail, but lead to unfortunate civil unrest World-Wide.
I tried to inform the Biden-Obama Candidates last year and they ignored it.
It will be very unfortunate for all of us. I’ve already seen what Economic Foundation will work, and will last through the year 2,500 on Auto-Pilot. It will even avoid the two WARS just ahead. They’re afraid of the SPIRITUAL EVOLUTION COMING to all Mankind after the GREAT CLEANSING from now through 2016. The change that’s coming post 2016 in Science alone is Mind Blowing. Thanks for your
great work and concern Dr. Weiss.
Alfred.

Ron {Going broke because of BO} 05.06.09 at 2:41 PM

You have certainly been consistant..
and I’m trying to listen..
yet I’m caught up in all
the HYPE by the BO crowd.

May God Bless You
{for all your Wisdom —
Wanting Someday to Listen}

Fred & Doris Melberg 05.06.09 at 2:41 PM

We would be most interested in how you would view the effects on the economy if, as we think most probable, the community of petroleum geologists, unlike the economics community, are correct in their view that oil and natural gas production has already or will very shortly peak and then enter an irreversible decline, and given that oil and natural gas are absolute necessities for the production of almost everything else we use or consume, particularly food, clothing and shelter.

In common with many of your posters, we as children lived through the Depression of the late 1920’s and the 1930’s, and we see entirely too many similarities for comfort.

Jerry Bowers 05.06.09 at 2:43 PM

Martin: I’m a retiree from a bankrupt airline. Just wanted you to know your Safe Money Report saved our bacon (401k) which is our major source of income. Keep up the good work for our nation!!!

MAURICE RAMPONE 05.06.09 at 2:44 PM

Thanks Martin:

At least you are trying to save the day and the country. The clowns in DC have no idea they are bringing this country down to its knees. Can that be Obama’s grand plan? And make us an easy target for the terrorists?
I bought four of you latest book for people close to me. I wish there was a way to give them fee on the street corners, because that is where many will be with the Obama/Pelosi/Emanual shenanigans.
I also bought four copies of Capital Contacts distributed by the Washington Times. This great catalog has all the names and contact information for all the congress. Now my messages will be going en mass.

Maurice Rampone

Bob Cox 05.06.09 at 2:44 PM

Martin- Thank you from our collective hearts for the service that you have rendered to our country. With all the smoke and mirrors coming out of wall street, and Washington, it is difficult to decern the magicians illusions. The men and women of america know that they are being disinformed,misled,and misdirected as to the true calamity that is still to land. Its interesting how the CDC was trotted out to scare the crap put of everyone, again distracting our attention away from the financial tsanumi that approaches. Keep up the good work.Blessings. Bob Cox

sunod kumar 05.06.09 at 2:44 PM

Dr Weiss

Would appreciate your views on when the market is going to make a turn south. This market is on its way up since the last 2 months and anyone with exposure on inverse ETF’s have lost money!! Do you really think the market is going to go below the low it established a few months back?

With regards

Bill M. Williams 05.06.09 at 2:44 PM

Martin, you probably don’t remember me - you and I were on several interview TV programs during the mid-nineties discussing the markets and trading techniques.
I just want to compliment you on the great and needed messages that need to reach the American public and especially traders/investors. Keep it up - I support you 100% and the generosity you have given in your latest book is beyond good. I am giving the book to all my friends. Thank you for being you, being willing, and just being there.

Bill Williams, Ph.D.

Keith Klein 05.06.09 at 2:45 PM

I’m admit I’m uninformed when it comes to commercial mortgages. How are they typically structured? Are they different from home mortgages? What are they renewing?

dady billimoria 05.06.09 at 2:46 PM

The investors will see the rug pulled out under their feet in Between August - October 2009. The US Dollar will be devalued in the near future. Interest rates will go up.
I am out of this market with all my money intact.
Thank you Martin Weiss

Ken 05.06.09 at 2:46 PM

Thanks Martin for your patriotism and hard work on our behalf.
When this depression/crash really unravels, what hardships will Americans face beyond the loss of their wealth? Are we looking at a police state and marshal law in a nation ruled by the Administration in Washington?

fkimbe1 05.06.09 at 2:47 PM

Anyone who does not have some gold and possibly silver as well will not survive well in the next two to three years.
Maybe even more important is to have a garden or some trusted access to water and food.
This is going to be the mother of all declines imo.
Those that do not prepare will suffer greatly. Remember, complete access to food and water.
Heat too, if you live in the cold climates. Go to seekingalfa and read the ten predictions.
And though they are not the primary selection of the very best financial info, that would be a good place to start.

Joe Brosious 05.06.09 at 2:48 PM

Martin
After reading your book and suscribing to your newsletter I am much more educated. It appears the fundimentals that run the market are eroding. I am following you very closely. Thank you again for standing up for the hard working Americans. These are unpresidented times and I am thankfull for people like you.

Mukesh Ahuja 05.06.09 at 2:48 PM

Martin,
As we can see from last few weeks, market has been rallying regardless of all bad news of any severity. Many analysts are predicting that this rally may take the Dow Jones up up to 10,000 including Larry of Money and Markets. The goverment is doing all it can to stabilize the stock market. So keeping all this in mind, how can I take risk of investing in Inverse ETFs as you recommend? What if investors and market continues to shrug off any future bad news as they are doing now?
And say if I invest in Inverse ETFs now and it takes some time before a wave of bad news start surfacing and people start taking them seriously, my inverse ETFs will be way under my purchase price?
Please advice..
Thanks,
MA

DenHealey 05.06.09 at 2:49 PM

What I like about the free market is that the rules are so simple: get it right and you make money, get it wrong and you lose money. What I do not like about it is that the players do not play by the rules. What I admire about USA today is that there are a few people like Sheila Bair who know this and say so, while most Americans are welded to the free market system and still require the government to fiddle the rules. “If it ain’t broke don’t fix it.” If it is broke you had better fix. Is the world free market system broke?

lawson 05.06.09 at 2:49 PM

thanks for all your good advice. i was as late following it as you were early giving it, but am here now and still solvent. am a real believer in the constitution as well as in the intelligence and honorable intentions of our founders. still believe we have the best governmental system ever. it just happens to be currently staffed by a group of self absorbed dirtbags. God bless. topper

Jim Shannon 05.06.09 at 2:49 PM

I have a bridge to sell you if you believe in the veracity of the stress tests. It is painfully obvious that the government has its own agenda and it is equally dangerous to assume that the people’s interest will be looked after here.

How is it that Ken Lewis remains on the board of BofA after admitting to NY Attorney General in a sworn statement that he allowed himself to be manipulated in going through with the Merrill Lynch deal after prodding from Paulson and Bernanke? You would think he was some naive teenager. He knows his responsibilities. He should have refused and gone public or at least resign rather than commit his company to this lousy deal. He should be in a jail cell for violating his fiduciary responsibilities to shareholders, yet he only lost is chairmanship. Unfortunately, all this is further evidence of the growing crony capitalism infecting the US economy. The individual investor better think twice before believing firms with kangaroo boards and governmental agencies more concerned with financial entities than the people. We all see where our government is coming from when it is revealed that Paulson and Bernanke didn’t want financial data on ML released to the shareholders before the deal was consumated. Shame on the them + Lewis for the losses they caused BofAs shareholders. They should all be sued or at least slammed in the court of public opinion.

The American public better wise up on what is going on around us.

mclaire12 05.06.09 at 2:50 PM

Thank you for your clear explanations. I lost money at merrill lynch but stopped the bleeding early by putting everything in USGovernment security funds. My annuities are in American and Pimco and are still double my original investment.My broker was the best of a sorry lot. I am 81,living on investment, and have lots of cash. I had 2 major surgeries,1 in Oct 07 and one in March 09 so i was taking care of lots of things at once.
My broker disobeyed but a shouting match set it right.first time i ever raised my voice. i may try to get some money back. Right now I am leaving the money until i find a good place to put it. Even with the drop and a free and clear condo , i am at 7 figures.I am not in accord with relying on free credit to increase spending. illinois Dick Durbin proposed an amendment to relieve foreclosures but it did not pass.I would rather see jobs created.Thanks again

Sonny Youngert 05.06.09 at 2:50 PM

Apple pie,USA and Chevrolet. I simply can not imigine My America without a GM and chevrolet cars. what do you see happening to GM

Sonny

Dave 05.06.09 at 2:56 PM

With all these talking heads I can never figure out who is right about the stock market. Some say it will go down, some say it will go up…at best its a crap shoot in good or bad times.

bob nelson 05.06.09 at 2:57 PM

Martin, I am trusting you for guidance. At this point I am in a desperate attempt to just preserve the little I have left. I have lost over 60% of my meager $2000 I had. All my eggs are now in one basket… DOG.

I am at a loss as to what the market will do on any given day. Even really bad news like the one today about BofA needing tens of billions more, yet the DOW is up over 140 points!

I have read The Ultimate Depression Guide and I will work on getting out of debt but its going to take years to do it. Regrettably, I don’t see how I would be able to invest in the real bargains when the bottom is in.

Ronald Niven 05.06.09 at 3:00 PM

We are constantly being told of Bernake’s massive printing (and therefore devaluating) the U.S Dollar. Yet, in each of yor “Safe Money Reports” you recommend buying short T-Bills in U.S. dollars. Why? Are all currencies in a race to the bottom? Why is the US dollar retaining its “Reserve” status? This just doesn’t make sense.

Curts Coe 05.06.09 at 3:00 PM

Thank you Martin for helping me manage my portfolio over the years. You have helped me avoid many of the pitfalls and traps in the market place. I wish you well and pray that the powers that be listen to you and read your white papers. We all need you to represent us in Washington. We need a return to sound money as specified in the Constitution of the USA. As Allan Geenspan has stated in 1968, “In the absence of a gold standard there is no way to protect our savings from confiscation thourgh inflation. Deficit spending is simply a scheme for the unlimited confiscation of wealth. Gold stand in the way of this insidious process. Gold protects our property rights. Once one understands this concept, on has no difficulty understanding the satists (librals) antaganism toward the gold standard”.

It is obvious that the Federal Reserve, congress and bankers have soild us out to support their self intrests!!!! God help us all.

Richard Dionne 05.06.09 at 3:01 PM

Your book was great. I have read it twice. We took a a big hit in the last year due to a large bank (financial advisor). I have taken all our accounts out of that bank which is on your watch list anyway and we are trying to recoup so of our loses.
We have been deluged with by at least 25 other “advisors” who all say buy, buy and it will come back. We have chosen to use your path and really like the “safe money investor”, we just received our first issue.
Thanks for all you are doing.

Mike Helton 05.06.09 at 3:01 PM

It seems like the housing crisis reached a peak when ARM’s were up and people had to refinance. They were paying their mortgage up till that point, why didn’t the feds roll back rates to that level?

Rather than bailing out the Auto Producers they should have taken that money and given every taxpayer a $20000-$30000 tax credit to buy a GM, Chrysler or Ford product. Solution to the problem and probably would have saved money and jobs. It would have created more taxable income and consumers would be happy.

The politician’s are way too irresponsible. The Air Force 1 flyby of New York could have been accomplished with Photo Shop and saved the taxpayers a big chunk of change. All of these boneheads should be voted out.

Martha Busher 05.06.09 at 3:02 PM

Dear Martin
So sorry I couldn’t sign your petition as I am in Australia. If I could afford to buy a 1000 copies of your book I would have as I truly believe in what you are doing not only for America but for the rest of us who will be affected in this new tidal wave waiting to hit the market. I am new to investing and fortunately not in the same position as some of the you who have lost a lot as I did not have anything to loose. I have advertised your petition on the internet and hopefully got you a few signatures to help. Where do I invest my couple of dollars. I believe Ford will be a good bet now there will be less competition. I also have a few shares in gold and silver mines.
The Chinese are buying up commodities left and right here in Australia and around the world. So I think it will be a safe bet to buy into these companies as they have injected a lot of cash to keep them going until things start picking up again.

Good Luck and God Bless. I truly admire what you are doing not only for America but for humanity.

Bhavna 05.06.09 at 3:04 PM

I would like to thank you Martin and your colleagues for the time and effort you spend feeding us with the knowledge and power to make appropriate decisions. I have been saying for the last two years wait till commercial takes a hit and then begins the real journey for our economy. I have only question for the people that call themselves “Goverment” why not distribute these dollars and pay off the mortgages on each individual’s primary residence, that way the banks will have their loans paid off, people homes to live in and rather than selling their loans at a loss and kicking people on the curb they can start lending once again, which is their only job and they don’t seem to be performing it anymore.

Patricia Gagne 05.06.09 at 3:05 PM

Have the banks really bought congress?

When will the truth get told to the taxpayer?

Patrick A. Lambert 05.06.09 at 3:06 PM

Good afternoon Martin:
I warned friends for months on what was coming in the economy starting back in the summer of 2007. I was a senior nat’l review appraiser for GE in the retail, subprime mortgage division and we saw what was happening. GE finally did too but not before it cost them billions and me my job. The warnings I gave my friends was based on information from you and your associates. It has also helped me rethink my business and change course toward REO appraisals and consulting.

Regarding the latest shoe to fall, commercial real estate, don’t you think the gov’t is going to twist accounting and reporting rules to cover up the collapse of this market and continue to try and save the big banks, (the ones that created this mess in the first place).
Thanks again for looking out for us “little people”.

john westhoff 05.06.09 at 3:07 PM

Thx Martin, for all the good that you do. I’m in my late seventies and I have never been so disillusioned with our government. The hypocrisy is so blatant that it is standard with always room for one more,ie our public servant Spector. Not even thinly veiled. Would you comment with inflation rearing its head in the near future, why you are so conservative re: gold and you rarely ever mention silver. I’m reading that silver may ultimately be the better investment of the two since it has not only money value but a great need in industrial usage.
Again, thx for all your help and god bless you and your.

Hank Hall 05.06.09 at 3:07 PM

How in the world does anyone expect the economy to improve when the same guys are in charge - Dodd, Frank and others?

They got us into this mess, and now they are pretending to be trying to get us out. The guys and gals we send to Washington seem to be dumber than bricks, but they - like puppets - will perform for the big money (pocket change for their handlers) their handlers arrange for them to enjoy.

bryangreve 05.06.09 at 3:08 PM

Thank you Martin, I appreciate your work. Iread a report today “SoldOut” by Wallstreet Watch. Very informative. Just what do we need to do as “Normal Citizens” your input would be appreciated.Bryan

Reza 05.06.09 at 3:08 PM

Dear Martin,
Thank you very much for your emails.
As I had told, I would like to tread shares in FTSE100, would you please guide me about this market and give me some information aout London stock market please?
Yours sincerely
Reza Paknejad

Albert Chi 05.06.09 at 3:09 PM

Dear Martin, I am one your Safe Money Report subscribers. The share price ranges for our current positions of Model Portfolio in the past holding period have been swung wildly and our big winning positions are now became big losing positions. I have no ideas what type of trading strategies you are using for recommending the Model Portfolio but I do know when I am making or losing money. The thing I don’t understand is why don’t we take the profit while we can. In the past you usually put a stop loss for the positions in our Model Portfolio which helped us to cut our losses short and now you have stopped that practice. I have read your report about how our economy is in the deep trouble fundamentally but who is to argue with the market which is always right. At lease for the sick of our money management when do you think we should get out our Reverse-Index Funds besides the TBT. Thanks.

Emmett Hardebeck 05.06.09 at 3:10 PM

Just received your book “The Ultimate Depression Survial Guide” today and am looking forward to finding my way to safety. With all the media hype so up beat I am again being referred to as the editor and chief of the “Doom and Gloom”. Your advise has been forwarded to others by me and I hope they take heed. I have not been so frightened about the economy since the S & L melt down. We face a troubled future and our financial gruru’s are trying to get us to safety via inflation and then a pull back that probably can not work. Banks of all sizes need to be allowed to fail and liquidate as do Chrysler and GM. The congo line of failed firms knocking at the door will lengthen.

Mike 05.06.09 at 3:11 PM

Mr. Weiss, you ask us what investments we see going up during the next phase. I don’t know. Do you? What are they if any?

JB 05.06.09 at 3:12 PM

Keep up the good work and let the world hear from you often!

Ed Saferite 05.06.09 at 3:15 PM

I appreciate your willingness to go to bat for all of us without your expertise! Hopefully there is a politico or two who will listen! What would happen if the billions of “our” dollars were to be given to all taxpayers of record for them to become consumers once again–wouldn’t that help move things again?
It sounds a lot less costly to do. Tell me what I am missing.

Joel 05.06.09 at 3:15 PM

Who the heck knows what will happen when the stress test results are released & if the momentary rise or drop will fall.

I do not understand, how people can not understand the fundamental fact that more & more people are losing jobs every month… that means more mortgage & credit card defaults and less money to spend in the economy. The market jumps up because the monthly unemployment number goes down a little one month … still less money for people to spend, not more money!

Fasten your seatbelts!

Richard 05.06.09 at 3:16 PM

I’ve given up trying to use any conventional logic to make sense out of the market.
News that should have negative impact has the opposite. The contant message that things aren’t as bad as expected, doesn’t make them good.

I think the commercial crisis will hit very hard as will credit card defaults. God help us if the Fed’s cure is to print more.

tim oakes 05.06.09 at 3:16 PM

thank you so much weiss.love your book ultimate depression survival guide

karl anglin 05.06.09 at 3:17 PM

These bailouts as far as I am concerned are basically
a road leading to nowhere but even more disaster.
I doubt that any one in Congress has ever studied
economics.

abe cooperman 05.06.09 at 3:18 PM

i am a charter member of safe money & real wealth. i am a retired WW11 vet & i bless you every day. abe cooperman

K Will 05.06.09 at 3:20 PM

You, Beck, Hannity, etc., have been trying to tell the public what’s about to happen. Nobody is paying attention. I have to wonder if everyone connected with the government and the financial sectors are just that ignorant, or are they keeping it a secret until they can recover or secure what’s left of their portfolios? I’m not a conspiracy theorist, but it’s hard to discount what’s going on. And when it hits the fan, the majority of Americans will be more than willing to accept what the government will dictate - look at that word dictate - SCARY!

Daryl Curtin 05.06.09 at 3:20 PM

I feel you’re 100% correct. I’m just pre social security age but doubt I’ll ever collect any.
Couple of questions…..I farm….is this a good place to be? Seems farm prices are at least decent, but costs are rising like there’s no tomorrow also….so we just handle lots more money that buys less….and pay more income taxes and SS.
Next question…..Is NLY a safe stock to own? Is any bank “really” safe?
Third question….the fence they started building in Texas….is it to keep the Mexicans out or US citizens from leaving?
I enjoyed your book and hope we’ve helped out some homeless person or people….thanks, Daryl

eduardo lameiro 05.06.09 at 3:20 PM

I just believe that you are so right.

JOHN ROSSI 05.06.09 at 3:20 PM

FORMOST, THANK YOU AND YOUR STAFF FOR YOUR INFORMATION, AND GUIDANCE.
CONFESSION, DID NOT FOLLOW YOUR EARLY ADVICE, HOWEVER YOUR CONSTANT PROVIDING OF FACTS, THANKS TO YOU, [AND STAFF], WAS NOT CAUGHT IN THE OCT. / NOV. 2008 MELT DOWN. YES EARLIER DID TAKE ABOUT A 15% LOSS, BUT WAS SAVED BY YOUR REPORTS THE 50% DROP AS MENTIONED, OCT., NOV., 08,
OUR YOUNG DAUGHTER, [17, EARLY GRAD.], PURCHASED AT NEAR THE 08 BOTTOM, [WAS IN ALL CASH AT THE TIME], WORKING JUST $35M OF HER PORTFOLIO, USING YOUR PROMPTS, SINCE AN. 09, HAS EXCEED $15M, ACTUAL RETURN. MARY WILL BE ENTERING BAYLOR U. FALL 09. HEALTH AND SAFETY TO YOU, YOURS, AND STAFF. J.R.

David 05.06.09 at 3:22 PM

It’s amazing how the markets have rebounded in the face of all the negative numbers coming out recently; especially the DOW. I know this will not last much longer but when it does crash, I believe the DOW & all world markets will test new lows.

The commercial collapse could be meet with a lot of support from the Obama administration and as a direct result from the dollars printed to support the falling banks, it will stall the collapse for awhile. Once all those dollars printed come home to roost, it will create an even greater hyperinflation depression.

I see anything that is real and can hold will be valuable. For example, oil, natural gas, gold, silver, other base metals, and agriculture stocks; commodities in general. Also, shorting the markets will be another good investment.

We have one more crisis coming up that many believe is over, the second housing crash of alt-a and prime real estate. This second wave is just beginning and should start to take the stage by late fall 2009. By 2010 the banks will be blown away from the compounding years of collapses; sub-prime, commercial , alt-a & prime, and credit card defaults as the American public lose their jobs .

Thank you Martin for all the information you have given us, the public, to protect our financial futures.

Tim 05.06.09 at 3:22 PM

I’m impressed and happy that you sign off saying God Bless! That in itself lets me know what kind of man you are! The rest of the US has pretty much denied the existence of God and no longer wants him involved in anything. Pretty soon, we wont even be allowed to type the words God or Jesus on the internet, because it will disturb an atheist/nonbeliever. Thanks Martin for everything you are doing and I hope to read your book soon.

Mel 05.06.09 at 3:23 PM

I do agree with a lot of your predictions and ideas but find it hard to follow through with your ideas in the United Kingdom. Do you have any ratings for UK BANK? And how to buy for example ’short term treasuries’ or the equivalent in the UK? How is the best way to buy Gold and Silver in the UK and when? Do you have an associate in the UK I can go to? Thanks!

Richard 05.06.09 at 3:24 PM

I am looking at all this from the Great White North: Canada, things are not as bad as in the US, but we feel the pinch as well, job loses, government deficits, lower house values (which are good for some). I have lost about half of my portfolio in the stock market and I have had enough, that is why I am turning to the forex market. Currency exchange is the way to go, but you need to educate yourself before making any trades or you can lose as well.
As far as bailouts the less the better, so much has been spent and the banks are still drowning in debt, the fed should have pulled the plug much sooner, it is like trying to fill a bucket full of holes.

steve ellis 05.06.09 at 3:27 PM

someone asked me whether or not it’s fixed. here’s my answer.

an analogy i’ve used is that of a steel bridge, rusting underneath, badly in need of fundamental repair. the authorities decide that it will take too much to really fix the bridge structurally, so they decide to use some steel plates to cover the rusted section; this repair may last for 4-7 yrs, but by then, it will be someone else’s problem.

so, plates it is, while the undercarriage rots.

who knows what will happen? it’s ”fixed” for ”now.” how long is NOW?

Richard Padilla 05.06.09 at 3:28 PM

“WHAT EVER THE MIND CAN CONCIEVE AND BELIEVE, THE MIND CAN ACHIEVE”
Napoleon Hill

Your mind is unquestionably your most valuable possession. You may lose every material thing you own, but knowledge can never be taken from you. With it, you can earn a new fortune, build a new home ,and buy anything you truly desire. No one else can control your thoughts; even the cruelest tyrant cannot force you to thnk about something you refuse to accept. When you make a deliberate decision to take control of your mind and feed it positive, constructive thoughts, you are on your way to taking control of your life. The thoughts you allow to dominate your mind will determine what you will get from life.

” THOUGHTS ARE THINGS” (becareful what you think about)

Len Scrudato 05.06.09 at 3:28 PM

Martin: Appreciate very much your efforts in all our behalf. With respect to commercial real estate, the extension of the government’s ability to provide credit out to 6 years will quell more immediate market panic, but in the long term this will ultimately fail, as you correctly point out with other ill conceived bail out efforts. We just don’t know when.

Steve 05.06.09 at 3:28 PM

SRS will go up I hope so far I have lost money on the inverse ETF which invests in the Comm rela estate market.

c f hooker 05.06.09 at 3:30 PM

I beleive this market has no legs. It should trade in a range , give or take 500 hundred points (DOW) for the next few months. From there its anyones guess since it is tough to predict events. Any investments I make will be in oil/gas companies.

John Wayne Cahill 05.06.09 at 3:32 PM

Dr Weiss
I have not read your books, but one thing is for sure if we don’t under go a complete overhaul of our Country and soon we’ll be a third world country in 15 yrs, Dr Robbie Bontra a professor of economic at SMU has been preaching for years that supply eco. only works for short time and Dr Greenspan aggreed.
The only way for our country to stay afloat is to go back to demand economic. where you import raw materials and export finished products. The Neo Cons put our country in the red with Reagan. He tripled our defense buget doubled our SSI taxes. The Neo want a two class society. We must change health care and the banking industry, now

C Olson 05.06.09 at 3:33 PM

The G-20 Nations recently signed a treaty to establish the Financial Stability Board, which our president signed also. This Board will regulate systemic risks in the world’s financial institutions, the ones that are considered “at risk.” A world order regulating our banks, insurance companies and hedge funds. I think not!! I’ve read that this treaty should be ratified by our Congress by 2/3 votes, unless Obama finds a way to route “approval” through administrative avenues. To release our financial sovereignty to European Socialists is unthinkable except for the one in the Oval Office.

Sveta 05.06.09 at 3:34 PM

If commercial real estate market is still to burst, you would think that inverse ETFs such as SRS and perhaps, those that play the inverse side of REITs might do well in the near future. Also, with the shortages of oil inventory and the upcoming driving season, perhaps, some oil stocks might do ok. But who is to say? The markets are irrational. Recently, the markets have been soaring on negative data.
Thank you Dr. Weiss. Please let us know YOUR thoughts.

John 05.06.09 at 3:38 PM

Three words: Fractional Reserve Lending. Pure legalized fraud. It’s funny, but I don’t hear the “super-rich”, complaining like the folks in the trenches. I wonder why…….Thanks Martin. Please go speak with Ron Paul.

jeff kirves 05.06.09 at 3:38 PM

Thanks for all of your great advice, I purchased 3 ultimate survival guides for gifts for pre- fathers day. I am keeping on for my self and am almost thru reading it. I did have question. I just bought 500 shares in Vangard Ginnie Mae mutual fund. The yield has been 5-7% and they seem to be as safe as treasurys. What is your opinion. this represents only 3% of my portfolio and the rest is in Cash.

E. V. Obst 05.06.09 at 3:39 PM

The smartest investor I ever knew was the late Frank Spring. As he lived in Palm Beach, you may have known or known of him. He always said “let the market tell you.” And I have followed his advice. Just now the gold stocks, which you like, seem to be leading the way, which doesn’t speak well for our economy. Reason tells us that much inflation is inevitable, yet the companies such as natural resources aren’t showing that much increase. So, we will have to let the market and Dr. Martin Weiss tell us.

E. V. Obst 05.06.09 at 3:40 PM

P.S. I am now reading The Ultimate Depression Survival Guide.

Yuki Kasai 05.06.09 at 3:41 PM

First of all, I would like to say that your newsletters, and your blogs are very informative and helpful for me who does not have any knowledge and new to all these financial matters.
I have started to read your book, “The Ultimate Depression Survival Guide” now.
I hope to learn a great deal from this book because I have some money in AIG annuity, and it matures shortly. I need to re-invest the money.
Is it a wise choice to re-invest the money into Calif. Franklin Bonds (tax-free bonds)? Here are my profile: I am in early 60’s, plan to work until in 70s (because I enjoy my job very much). I earn 90K, have about 150K in 401k, 50k in Roth IRA, $250k in CDs. I do not have a house, I rent.
I would very much appreciate it if you can reply to my question. Meantime, I continue to read “The Ultimate Depression Survival Guide”.
Thank you very much, to you all.
Sincerely yours.

Andrew 05.06.09 at 3:45 PM

The banks will tumble and crash. Also be broke and have to close their doors.

Joe T. 05.06.09 at 3:47 PM

Just got your book!
I read somewhere that you’d answer any question we had … here goes:
In mid-2007, my wife and I had $460K across a simple IRA and two annuities. All three of these had a mix of stocks and bonds with a small international presence. Our investment style is really conservative … “as long as we don’t lose what we have”!
Now we have $307K, same three vehicles with $65K in the IRA, $52K in one annuity and $190K in the other. To-date, we’vew lost $153K … 33% of our life savings.

Suggestions?

Thanks,

Joe T.

Andrew 05.06.09 at 3:48 PM

What can we do clear our name and to have the Home Land security believe that us pro-lifers aren’t terrorists?

This question is personal on the hate speech bill; that will take away the rights of Catholic Priests to teach on the sins and everything else. What can we do to fight that bill?

John F. 05.06.09 at 3:49 PM

The stock market will have a big crash.

Real Estate Crash II — the collapse of alot of banks will occurr. What going to happen to people’s money at these banks.

Lee Nichols 05.06.09 at 3:53 PM

Bank tests. Will hurt the market as commercial real estate failures show up and add to the misery.
Next investments. Expect GOLD to shine after some more backfilling at the 800-900 level.*
DOW and NAS . Being bolstered by the big fund managers (only). Will see 4000-5000 level before we see 12000. We are seeing the normal 40-60% bounce in a BEAR market. Do not be fooled. Take any profits and hide them.
Corporate Bonds. Should continue to do well until inflation starts rising (ala 2010 or ?). Returns are 8% plus capital gains 5-20%.
Oil will rise on China and emerging market strength.
The dollar is doomed to fall before the end of 2009.*
We are in a depression and that will last thru 2010 at least. China will be the only shining light as far as GDP goes.

Dave Cavena 05.06.09 at 3:53 PM

Comments & Concern: My biggest - and overriding - comment is that this is NOT a socialsit nation. We are a nation of laws and the rule of law. Pelois and Obama, Frank, Dodd, Schumer, Emanual, etc., seem not to understand that; they certainly don’t act on it.

Above everything else, this must be stopped.

It is unconstitutional for the president to “Fire” a private company executive - no matter how badly that executive is performing. It is unconstitutional to subrodinate primary debtors to Friend of Obama, as in the Chrysler case - a clear violation of the takings clause and the 5th Amendment.

We are a nation of laws - and the president, above all, must obey them.

And he can start with his blackberry. it is ILLEGAL for the president to send emails that are not recorded and saved.

This guy is NOT above the law. He is, in fact, the chief law enforcement officer in the nation. That is his constitutional role.

Arlin R. Johnson, Jr. 05.06.09 at 3:53 PM

Dr. Weiss:
Thanks for all you have done and continue to do to educate Congressmen and Senators about all they continue to do wrong. The over powering push of the Oval Office toward socialism is a big worry for myself, my children and grandchildren. The Democrat Party with their long term programs of entitlements to so many have pretty much bought any election that comes up in the future. One can only hope their are democrats that will start moving in a market economy i.e. conservative direction rather than toward socialism.
Re. investments, inverse ETF’s sound interesting but I can’t get my mind around how they work and how to use them for gains to prevent losses.
Again, thanks for all you do.
Arlin

Philip Gietzen 05.06.09 at 3:53 PM

I am still waiting for UPS/Amazon to deliver my copies of your Book!! Thankyou sooo much for your work/ministry to so many and your advice is dead-on. I’m signing on and will pray for you. Good job. I’m invested in metals and will soon take advantage of ETFs and inverse also. Army vet and PGR of America

estevan trujillo 05.06.09 at 3:53 PM

The Big Takeover
The global economic crisis isn’t about money - it’s about power. How Wall Street insiders are using the bailout to stage a revolution
MATT TAIBBIPosted Mar 19, 2009 12:49 PM

http://www.rollingstone.com/politics/story/26793903/the_big_takeover/1

The eight blunders are:
• Wealth without work
• Pleasure without conscience
• Knowledge without character
• Commerce without morality
• Science without humanity
• Worship without sacrifice
• Politics without principle
• Rights without responsibilities.

ghostbiker 05.06.09 at 3:54 PM

Thank you Mr Weiss for your big action.

Safe assets = physical gold & silver, food, cash money. All other will be only paper illiquid with fraudulent settlements.

Dan M 05.06.09 at 3:55 PM

Dr. Weiss,
I want to add my thanks and appreciation the guidance you have provided in your survival guide. I have implemented most of your recommendations and feel much less stressed knowing that I have taken preventive action to cushion myself for whatever happens.
Thanks again. I’ll be following your daily blog.

Dan M

Larry Granquist 05.06.09 at 3:55 PM

We have a completely out of control congress and a socialistic administration and once the truth comes out about what they are doing to our economy the market won’t be worth anything. We can not continue to spend money we do not have!
Please start a National petition for term limits on congress.
We need to start taking back our country before it is too late!
Keep up your efforts to fight for our rights to perserve this nation.

Don Vachon 05.06.09 at 3:55 PM

I believe the Dow and the economy will ultimately fall crashing down. Thanks for your book Dr. Weiss “The Ultimate Depression Survival Guide”, it was well worth the price and a keeper. I highly recommend 2 books 1) Published 1998 “America’s Last Call” On the Brink of a Financial Holocaust” by David Wilkerson and 2) Published in 1999 “God’s Plan to Protect His People in the Coming Depression” also by David Wilkerson. I believe the economy will get much much worse with ultimate runaway inflation.

In those books he warned of a coming crash in bonds and the US dollar.

Robert Barrentine 05.06.09 at 3:56 PM

I think, … in my limited experience, that the whole economy is going to hit BOTTOM…. and stay there!! Real Estate the same!!
Is a third world war the answer to putting millions back to work??? I hope not…
With a Melting planet …. in many words of that meaning, are we… not looking at all of the demise of a population and its civilization.
The Total answer…. is beyond my current comprehension…..

robert comeau 05.06.09 at 3:56 PM

I have several apartment buildings with other investers.Do you feel apartments will do just as bad as commercial real estate?Thanks for everything you have done.You have been great.

Pat Eubank 05.06.09 at 3:57 PM

Americans are being abandoned by our government.
WE HAVE TO STOP THEM FROM VOTING WITHOUT THE CONSENT OF THE PEOPLE. WE HAVE TO GET BACK TO THE CONSTITUTION. OUR BIG GOVERNMENT IS A CORRUPT GOVERNMENT RUN BY A FEW…..SO FAR FROM WHAT AMERICA HAS BEEN…..AND WILL BE ONCE AGAIN IF WE CAN END THIS MADNESS. AMERICA IS A CHRISTIAN NATION AND LOOK WHAT IS HAPPENING WHEN WE ARE TAKING GOD OUT OF IT .
GOD BLESS AND HELP AMERICA

jonathan harper 05.06.09 at 3:57 PM

I appreciate the sound advice and insight that is consitently shared by Weiss Research. However, recently, several experts in the group have indicated that residential real estate prices may have reached bottom. Clearly, the easy access to debt played a major role in the residential bubble. Yet, I would argue that historically low mortgage rates have further inlated the run-up in home prices and that when these rates return to historical norms, prices will fall even farther … not convinced we’ve seen the bottom

James and Marianne Rodgers 05.06.09 at 3:58 PM

I hope our combined efforts make a dent in Wash., D.C.’s hard skull. Hooray for the U.S. Constitution and Ron Paul!

Fred Thorn 05.06.09 at 3:58 PM

I have disagreed with practically everything this administration has done, foreign and domestic. Some will wreak havoc now; the rest will “kick the can down the road” for later (and greater) havoc. As an 83-year old, I “have been there & done that” and dread that our children and g-children are going to go thru that.

Vincent 05.06.09 at 3:58 PM

Dear. Mr. Weiss, you asked us what investments do we see going up during the next phase. I think if these banks are failing as indicated, then I would bet
on Direxion Financial Bear 3X Shares (FAZ). What’s your take on this?

John J Rottersmann 05.06.09 at 4:00 PM

I want you to know that I read everything you and your associates write very avidily.
I am 80 years old and didn’t loose anything yet.I may get some money from friends and I am happy to know you.I shall soon have a lot of questions to ask you and may like to meet some of you.I live in Columbus (ohio) .Thanks for all you do .JJR

charles 05.06.09 at 4:00 PM

Thank you ,Martinn. for all you are doing for us,My wife an i are on FIXED INCOME so we need all the help we can get.We are to old to start over.

James D. 05.06.09 at 4:01 PM

1. BAC has already been cleared by the Treasury today for their $34B reserves by using their TARP allocated funds to do so. Wells F, Citi, JPMC are all going to survive this process with BAC, and the Stock Market will lurch on Thursday and by early next week, rely on the Goldman Sachs report published today that has our Biggest Banks outperforming their miserable market image and a sound Investment Bet for the Long Term.
2. Back in February when BAC,JPMC, Wells, Wachovia were all drastically reduced in share price, I bought 20K shares of these including Merrill Lynch, FPL, Ford as Individual Stocks. I would not smack a Dog in the Butt with Mutual Funds, ETF’s, Bonds of any Kind, Treasuries et al because they are all losers…yes Losers. Pick single stocks of highly reputable Companies that pay good Dividends and sleep soundly each nite.
3. I just purchased Energy Stocks like Conoco and Occidental and thus far have reaped $$$Thousands in Share Increase valuation during the past 10 days alone. Oil and Natural Gas have only one future direction…raise your eyes to Heaven and you will see the future price of Oil and Gas, both non-fungible commodities.
4. Purchase Selective Bank’s Preferred Shares, Oil Stocks Individually, Minerals/Metals, Consumables, Food, and Retail all of which who pay good dividends consistently, and you will prosper in the present and the future.
5. Martin…we all owe you an enormous debt of gratitude for your tireless efforts to take the Washington Meatheads and open their eyes to common sense and sound policies.

Erik Rhodes 05.06.09 at 4:01 PM

Martin thanks for the good work, with the bad news on the B of A situation, it shoul dbe of cconcer to every American. I left B of A a longtime before this calamity started, and I warned many others to do so that day when I closed my bank account, I knew the bank was in trouble, and believe me the branch manager DID NOT appreciate my terse comments, and I can’t say I blame him, after all customers were right in the middle of opening an account! I hope they all took my advice and cut and run to a local regional small bank and stayed away from the large super banks who have brought this on to the public. A wise person will cut them selves loose ASAP from B of A, and citigroup, and Chase. These ripoff artists will destroy this country as sure as it rain’s in Oregon, and of late it’s been really wet here. They will inflate their asset values beyond all reason. A famous qoute by Thomas Jefferson about private banks is in order, and you should post it ASAP. I know you know where to find it.

Tell people to get out now.

Harvel Alishouse 05.06.09 at 4:01 PM

I am particularly concerned that our elected representatives in Washington (from the President through both the Senate and the House) have the bit in their teeth and will not listen to us. You might say that my trust bucket is about empty. Thank you for carrying the message to Washington. Now, using you contacts, see that they pay attention.

Thanks, Harvel

DEONNA COX 05.06.09 at 4:03 PM

OTHER THAN THE MASSIVE BUDGET OBAMA IS TRYING TO PASS I AM CONCERNED WITH NATIONALIZED HEALTH CARE, OUR ROAD TOWARDS SOCIALISM, AND OUR SECOND AMMENDMENT RIGHTS.

R.Murphy 05.06.09 at 4:03 PM

Whats most dispicable about this is that the Govt, in an effort to buy time is dangling all these imfo carrots in front of us knowing full well its all a charade. They are trying to confuse us all because the truth will cause economic panic if it is ever released.I hope Martin is wrong about all this, but I dont think he is. Thanks for telling us the truth,

R Murphy

SteveDavis 05.06.09 at 4:03 PM

Instead of giving these companies $630,000,000,000,000.00 to just turn around and screw us the American people out of it (again)–give the money to the people Give every bonafide American :)Citizen(: $2,000,000.00 each with the stipulation that they each purchase a home worth at least $175,00.00 and a new American made automobile. PROBLEM SOLVED and you’ve saved $629,000,000,000,000.00 and change and nobody’s poor anymore–then run off all those friggin’ Illegal Aliens and close the borders tightly. We are not the answer to the rest of the worlds problems—let’s work on our homeland first.

Judy 05.06.09 at 4:03 PM

I think the stock market will go up to 10,000, just long enough for people to start reinvesting, then it will crash, hard. More people will lose more money. Gold and Silver will have to go up someday, since the banks can’t hold it down forever.

elizabeth spilman 05.06.09 at 4:04 PM

Thank you for a ll that you have done.

Gordon Schmidt 05.06.09 at 4:04 PM

I am totally concerned about National health care akin to Canada. This just can’t happen. I am also concerned about the decaying moral culture we are heading into. I am so afraid that the politically illiterate of this country have chosen a Socialist style President who is narcassistic and looking out only for his legacy. He talks a great game but has lied and deceived his way into the hearts of illiterates. THIS MAN AND HIS ADMINISTRATION MUST BE STOPPED. Keep up the good work!

John M. Fogle 05.06.09 at 4:04 PM

Martin,

With an imminent depression and/or period of high inflation. do you
think it is safe to invest in good quality oil related stocks and precious
metal stocks? If the market drops precipitiously, how do you think
stocks in these industries will fare?

Thanks,

John

Sonia Ingram 05.06.09 at 4:05 PM

The news media reports that JP Morgan and American Express have passed the stress tests. Since the stress tests are statistical tests and have little to do with the value of the mortgage and other assets on the bank books, I do not think the finance stocks or stock market will fall when the stress tests are released.

bob 05.06.09 at 4:05 PM

the yield on long term treasuries will go up as buyers accept more risk. the cost of the debt is unsustainable now and as this becomes more glaring to buyers of us debt there will be a move to the only safe asset left. gold and silver.

James Saito 05.06.09 at 4:06 PM

It seems to me Martin that sanity has left us in its wake. Hasn’t anyone in office realize the danger we are in? If they do, why aren’t they doing what should be done to get this ship where it should be heading. Like the good ship? Titanic, we have a captain and crew asleep at the ship’s wheel. The iceburg is clearly in sight yet the crew continue sleeping. We are all doomed if it were not for you Mr. Martin Weiss. Good job that your post yelling at us down below to put on our life vest. The water is cold and choppy below.

James

William Losch 05.06.09 at 4:06 PM

I am hunkering down with God, gold, and cash, as I have zero confidence with the ninkompoops in Washington D. C. I truly believe that the people of the USA would be significantly better served if the “beltway crowd” would just go far, far away! We had our chance with Dr. Ron Paul as he believes in 95% of what you advocate. He would go a bit further and abolish the Federal Reserve and the infernal federal personal income tax on the grounds of unconstitutional theft by both illegal institutions.

unwashed masses 05.06.09 at 4:06 PM

Obamanation or Abomination time will soon tell

Jay F. Johnson 05.06.09 at 4:06 PM

I started following your Money & Markets in August 2008. It saved me a 20%+ loss on my portfolio. Risk analysis frommultiple raters, financial strength, and cash flow are now a more significant part of my stock selection criteria. I checked my bank, insurance co, pension fund, and 401k providers and fortunately they were all AAA and sound. Switched from banks to a top rated credit union for most banking. I have ordered you book. Keep up your good work.

In this market return of capital is more important than return on capital. Thanks again.

Bob 05.06.09 at 4:06 PM

Is there anything more that we can do to stop this reckless explosion of the national debt? I have worked hard and sacrificed my entire life(I am now 55) in order to build something, and now these politicians, and their “grand ideas”(the road to hell is paved with good intentions), are probably going to end up destroying everything that I have worked for! How can they do this to me? Who will now be the beneficiaries of all my hard work? What will become of me now?

Bob

Robert Kaczmarek 05.06.09 at 4:07 PM

Every step that Congress is taking, at the behest for the current and, sadly, the prior administration is bringing us closer to the brink of, no, not Socialism, but full blown Communism. It is my hope that these petitions in addition to the various Tea Party protests start to light a fire under our Congress to understand that they work for us, and not the other way around. Thank you for all of your efforts. Keep fighting the good fight and God bless.

Mark G. 05.06.09 at 4:08 PM

Martin - great job presenting the petitions and at the press conference. Keep fighting and reporting. You are my eyes and ears on the Hill.

Robert Watson 05.06.09 at 4:09 PM
Delores Sapp 05.06.09 at 4:09 PM

I visit Jupiter Island a couple of times a year; it’s a beautiful area. My major concern is that Obama’s unprecedented spending spree will cause rampant inflation and what little money we have left will be worthless. We won’t discover this until Obama’s grandiose social experiments have destroyed our country. Please keep providing us with current information so that we can make wise decisions.

joe lampariello 05.06.09 at 4:09 PM

martin, i see high inflation coming, and commodities will take off.

Judie McGlone 05.06.09 at 4:09 PM

I am concerned about our nation’s morality, economic decline, national health care, tax increases, lay-offs, national security, immigration, one world order and Obama’s attitude toward this great country and we as Americans. I am also concerned about closing Gitmo and treating the detainees like they are the victims while he is ready to prosecute members of the Bush Administration and put them in jail. What’s that about??? I’m concerned about all the different conflicts over seas. I am concerned that Obama feels it necessary to go seek out a relationship with the bad guys and apologize for the Americans. I feel he did know about Air Force One buzzing NYC and he probably thought it was funny to terrorize them once again.

CAROLE fuenzalida 05.06.09 at 4:10 PM

thank you so much, I bought your book and it has been a “big” help…!!!

Lawrence Pfaff 05.06.09 at 4:10 PM

Mr. Weiss Thank for your “and God Bless” God has been excluded most other places, but only Martin Weiss has what it takes to acknowledge the source of all wisdom. “If anyone lacks wisdom, let him ask of God.

David McOmie 05.06.09 at 4:10 PM

It’s the new, new deal all wrapped up in a different disguise but still the same old Govt. meddling which will cause the same as the first new deal, a prolonged, protracted and deeper, longer than it would have been if Govt wouldn’t have meddled in the private sector and left the market to decide winners and losers. Evidently we didn’t learn a thing from the first fiasco. Here we go again.

Chuck Ranker 05.06.09 at 4:11 PM

Martin, ” Are you aware of a thing called Shadow Housing?” The homes are vacant but not on the market because the the lender does not want to take the loss in order to sell them. We have two on our street back to last Aug. and Sept. They are not for sale yet.

Peter 05.06.09 at 4:11 PM

Thank you for all your efforts. The factual content of you e-letters is great. As a professional in the financial industry I hope your words are heeded by many for we are heading for a disaster.

Chris Frahm 05.06.09 at 4:11 PM

Hello Martin,

From what I understand, the Obama group has raised the stress tests so high that no bank could pass. B of A has plenty of money according to business news. The bar is set high for a purpose. Obama wants to control everything in the U.S. I believe this is his first steps toward one world order. Remember, he bowed deep to the Saudi King. He has been in office over 3 months and still has not found a church he can call home. This man is a muslim, in my opinion, but can not truly show his colors as yet. Even prayer day, which every president has honored, he wrote a memorandum only and invited not one person to the White House.

The true tri lateral agreement will be the opening of all borders between Canada, Mexico and the U.S. Then we can really become a 3rd world power. Obama is duing everything he can to criple the U.S. Hey Martin, everything in his prior life before becoming president is sealed. Why? Transparancy my ass. This is the most dangerous president we have ever had………………………..

Chris

Colleen Milne 05.06.09 at 4:11 PM

Martin,

Thanks for looking out for the “little guy”. We need all the help we can get these days! When will this insanity end!

Thanks again for all you do!

CAROLE fuenzalida 05.06.09 at 4:12 PM

I am changing many things and checking many more because of your book….great job!!! thank you for giving me more insite!!!

Raj 05.06.09 at 4:13 PM

Is gold still relevant as a means for governments and/or individuals to store value? When economies are stable, no one seems to pay much attention. With a global economy, there are just so many other means of trade that it seems as if there is never going to be a time in the future when gold will be the ultimate solution that is has been in the past.

Mike Middleton 05.06.09 at 4:13 PM

Dr. Weiss,
My strategy right now is to ride the rally. The weekly stochastics have not turned over yet we may still have more upside. I have switched some equity mutual funds to fixed income. I intend to sell individual stocks to raise cash soon. Then I will use the inverted ETF’s to short the market on the way down. What do you think of this strategy?

Robert Reynolds 05.06.09 at 4:14 PM

Where will it end? The seemingly endless bailouts that have already bankrupted this nation and have piled unbelieveable debt upon our children and grandchildren apparently have no end. Lately, every time the admintration sees a light at the end of the tunnel it turns out to be a train!

Let them fail! We’ll pick up the pieces and go on.

MJ Hutto 05.06.09 at 4:14 PM

Thanks for all the forthought and sharing of information. I think I am more prepared than before to weather the coming storm.

As a sailor I know that without a rudder we are doomed to sway with the wind helpless to land on whatever shore. The first sight of storm clouds should have been warning enough to head for the security.

At least when storm clouds are heeded we have a choice.

I do hope that my boat isn’t stolen while on shore.

MJH

Robert neil 05.06.09 at 4:14 PM

I do not have much in my 401 5 to 6 G’s ,should I cash it in and take loss ,pay taxes and be happy there is something left ? No faith in financial people and certainly no trust !!

robert wheeless 05.06.09 at 4:14 PM

What can one say? I’m a late comer to your advise and ruefully so, but at least I can raise my own garden and hope the multitudes of have-nots will bypass my home on their way to take what the government can no longer provide; Food. A man will go to great lengths to feed his hungry family and just because it’s your family’s livelyhood makes little difference to him.

Let me answer your question with a question. Which would you select? All the wealth you desired or a place to keep your loved ones safe from the ravages of the homeless and starving. That’s the question, what’s your advise.

Thank you for what your doing,

Bob

ian musgrove 05.06.09 at 4:15 PM

Do your stuff,Martin. What scares me is this damn rally.I know we are right,I hope,but when are these stupid doughballs going to see the real situation.Scotland forever.

Jim 05.06.09 at 4:15 PM

The Obama administration agenda shows no concern for the voters to resolve the financial condition of this country. At times like these, Americans must resolve to respond differently than the Germans did to Hitler’s rise to power. Obama must be defeated if he is allowed to stay in office this term. Thanks for your awaking people to this catastrophe.

Liberty Johnson 05.06.09 at 4:15 PM

I am concerned about the credit crisis and the credit reporting agencies. In alot of cases this affects people being able to get new jobs and being passed up if the do not have a great report. It is almost impossible for people to fix their reports and companies continue to lie on reports in alot of cases. I have heard that that three credit reporting agencies make more money on bad debt reporting as well. I think this hinders Americans the most. I feel like this is a war of Corporate Companies vs. Americans.

Clifton L. West 05.06.09 at 4:16 PM

To watch your nation flounder and fall flat on its face is disheartening to say the least. The American people seem to have lost the will to fight for our Constitution and our heritage. It is the 1920s all over again and the people just want to have fun and worry about tomorrow only when they are forced to. Having been born in 1933, I started life watching people trying to climb out of the Depression. It took the Second World War to turn our economy around, twelve years after the explosion on October 29, 1929. Thanks to the reckless spending now, we may never climb out of this one. Our children and grandchildren will curse us and the ones responsible will more than likely go unscathed happily on their way. How many civilizations have fallen due to reckless abandoning of their founding principles?

Ronald 05.06.09 at 4:17 PM

Albert Schweitzer said, “Man has lost his ability to foresee and forestall. He will end by destroying the earth.” Teddy Roosevelt said, “The things that will destroy America are prosperity at any price, peace at any price, safety first instead of duty first, the love of soft living, and the “get rich” theory of life. Their messages were clear. Tragically, they were totally ignored by our so-called “leaders.” Only the Good Lord knows what these current amateurs in Washington are going to do in their panic and of course he ain’t telling.

My heart goes out to those of your respondents who—like me—are too old to play the financial waiting game, but especially those too badly wounded to recover during their remaining years. Most egregious of all is Washington’s continuing to generously reward sloth, greed, fraud and laziness while punishing those of us who have worked hard and paid our bills AND TAXES all our lives.

How do I see the stock market? When investors realize it isn’t going to recover for some years, they will begin seeking other, dependable areas for their nest eggs. Real Estate Crash II? It will hit many commercial investments between the eyes, not only here, but abroad. Its impact on the banks, however, depends on how many more trillions of dollars of our grandchildrens’ future our government is willing to give away. The bailouts must end now, but our “leaders” don’t know of any other means to stop the fiscal hemorrhaging…after all, none of them have ever been in private enterprise.

And finally, friend Martin, you ask what investment is going up? I’m relying on you for help in that regard. Meanwhile, God help us.

Ralph 05.06.09 at 4:18 PM

I wish this would show Congress it’s not doing its job, let alone representing legal law abiding citizens. I like the idea of petitioning the 16th Amendment under The Constitution, and have a State by State petitioning to Washington that WE NO LONGER WILL PAY STATE INCOME TAXES. That would send a pucker up Congress & Obamanomics 101!

Robert Wells 05.06.09 at 4:18 PM

I CERTAINLY WOULD LIKE TO KNOW WHERE IS THE BAIL-OUT MONEY GIVEN
CHRYSLER. THE DECISION TO OFFER THEM BILLIONS OF OUR DOLLARS WAS
NO MORE THAN A KNEE-JERK REACTION, JUST LIKE ALL THE OTHERS.
AS FAR AS I AM CONCERNED LET BANK OF AMERICA AND ANY OTHERS THAT
MADE THE IDIOTIC DECISIONS GO BELLY-UP.
THERE ARE PLENTY OF REGIONAL BANKS AROUND NOW TO FILL ANY VOID THE
DEMISE OF BOA AND CITIBANK WOULD CAUSE.

Robert Griffin 05.06.09 at 4:18 PM

I have 2 CD’s w/ Everbank, and all of my investments are in China stocks. Do you think I am safe? I also have a checking accn’t and money market funds w/ BAC. Should I get the heck out of BAC???????? Thanks or your reply, Bob

Ted Hayes 05.06.09 at 4:19 PM

Sir:

I don’t know whether the powers that be have a clue about what they are doing, and I know they don’t know what they are doing to our economy.

Why not let these companies fail. The slogan that they are too big to be allowed to fail is nonsense. How long is going to take to pay back what we owe just from November 2008 forward?

Beth Maulik 05.06.09 at 4:19 PM

Stop the bailing out. Insist on stopping the paying of the exorbitant salaries or incentives that are given to the banking executives and boards. Make them show progress in solving the problems before receiving rewards.

douglas carnegie 05.06.09 at 4:21 PM

Just wanted to say thanks for the wonderful job you are doing and to keep up the good work. You are always saying, “God Bless, well it’s my turn to say God Bless you and your family. Thanks!

Ernesto Santana 05.06.09 at 4:21 PM

How long before this administration will come to terms with this, that their policies are actually doing more harm than good?
We are a free enterprise nation and as such, only free enterprise can pull this nation out this predicament. The longer this government tries to fix things by taxing and transfering wealth, the longer and deeper the recession is likely to remain.

What can the legislation do to try and get a handle on the out of control costs of health care?
That is probably on of the most vexing issues facing our country and I don’t believe that govenment run health care is the answer either.

Fuel prises are on the rise again. Few things will have the impact on our economy as the outragous cost of fuel which just transfers down to the end user. THere are so many problems.
E.S.

Susan Welch 05.06.09 at 4:22 PM

Dear Martin,

I just want to thank you so very much for all of your efforts in trying to help resolve the ecomonic horror we are all in.

God bless you and yours,
Susan

Elaine 05.06.09 at 4:22 PM

We just had a hugely successful Tea Party ll Rally in Hamilton, Mt. on May 1st and about 500 validated signatures on a petition to our Senators Baucus & Tester, asking them to explain their disastrous voting pattern. We are basically promising to begin collecting the required signatures to start RECALL against them and get it on the ballot to RECALL THEM and REPLACE them. I wonder why other states voters are not doing this too? Don’t you think that we could stop the spending party the current legislature is having BEFORE the next round of elections?? Any thoughts out there? If the representatives are not voting according to the wishes of their constituents they need to be replaced. They do work for us after all.

phil steinberg 05.06.09 at 4:22 PM

I have Approx. $5Million invested in AA or above Calif. Muni Bonds 70% General obligation and 30% in revenue bonds paying 4% interest and average maturity in another 4 or 5 yrs.I plan to keep till maturity.What is your feeling about my RISK?

Larry 05.06.09 at 4:23 PM

What amazes me is that both Bank of America and Citi stocks were up yet again today, the day before the “stress results” supposedly are released. What in the wide wide world of sports is a goin’ on here! Does Wall Street exist on the same planet as the rest of us, or they playing by a different set of rules? I wouldn’t touch any of these banks with the proverbial 10-foot pole, yet I somehow have the feeling that when these zombies inevitably crash, the rest of us will somehow get caught holding the bag for their recklessness and greed. Why do we continue to reward stupidity!

Jim C. 05.06.09 at 4:23 PM

I think the talking heads will make it seem like everything is getting better and the market will rally some more.
Hopefully the government will allow the banks to fail during real estate crash II, but it is highly likely they will create more debt and prolong the situation.
Eventually people will wake up and realize how bad the situation is. At that time there are several inverse ETF’s that should do nicely.

Don A. McKnight 05.06.09 at 4:23 PM

It appears that the bailout money to Chrysler and ultimately GM, when they file Bankruptcy, will be nothing more than payback to the Unions by the Dems for the Union support during the election.
I heard that the Chrysler workers are drawing 80%of their normal salary whie the bankruptcy goes through the legal process. Sweet Deal!
The taxpayers need to know about this !

Grouchey Marks 05.06.09 at 4:24 PM

Your advice helped us in advance of the major market correction. As a rule I have alwasy been of the belief to buy on fear and sell on euphoria. If one followed that path, they would have been able to make a great return on their investment if they traded as the worst news had hit the public in November of 2008.
We have seen the market rally back. We are not in either a fear or a eurphoric stage , but perhaps a bear market rally. What would you reccomend in the near term and when do you forsee the next phase of castrophic events to occur and hit the public.

On the other hand as the banks have tightened up on their lending practices, wouldn’t you agree that they will be making good loans in the future to reduce the impact of any up and coming disaster?

Patricia Henry 05.06.09 at 4:24 PM

I’m very concerned about another bank, a major one, still not being able to “get it together” after the American people have bailed them out! Bank of America holds my mortgage & I’m very concerned what will happen if they collapse. Will any other bank be in a position to buy out all these mortgages they hold in an economy that is so weak?? I pray every day that we all survive this disaster, that we keep our jobs so we can stay in our homes. My house is my only investment, if I lose it, I will have to work the rest of my life!

LEANN ANDERSON 05.06.09 at 4:25 PM

YOU ARE EXACTLY RIGHT BEING A RESIDENTIAL REALTOR YOU ARE EXACTLY RIGHT AS COMMERCIAL IS GOING TO CRASH AND IT IS NOT GOING TO BE PRETTY…WASHINGTON NEEDS TO GET THRU THERE HEADS COMPANYS THAT ARE NOT VIABLE NEED TO GO AND LET THE CHIPS FALL WHERE THEY MAY. THANKS FOR ALL YOUR HARD WORK WITH THE PETITIONS.
ALL THE BEST,
LEANN ANDERSON
REALTOR
NAPLES,FL

Libbie Whitson 05.06.09 at 4:25 PM

I am so thankful for people like you to speak for me, i work the phones to Congress and I sign all petitions to stop this nut and congress. We are in big trouble with this administration ,socialized health Care,Fairness doctrine, Hate Crimes Act,releasing memos and pictures of the way we treat our enemies. I think we may could get this presdient for treason, for giving aid and comfort to our enemies.

Eunice Bryanton 05.06.09 at 4:25 PM

Thank you for this tremendous effort. I will follow your progress and wish you
well along the way.

Thomas Lasco 05.06.09 at 4:25 PM

Martin,

I believe our current government is not able to function effectively any longer. It really does not work. Career politicians have destroyed the essence of how this country should work. We need to clean out the current group of politicians and replace them with ones who care more about the country than winning the next election. Right now, you would be lucky to find a handful that can qualify under that last description. Even the ones who do care about the country more than their own political career are virtually helpless to bring change. Liberals have most of the media propagandizing their positions 24/7 (and I do not use that term lightly…progaganda is what they do).

As Dick Durban said a couple of days ago, the “Banksters” are in charge of the government. They have perpetrated a giant fraud on this country and I fear the end result is already baked in the cake and it won’t be pretty. The politicians have played ball with the big money people and the big money people have their surrogates strategically positioned all through the government.

Honestly, I believe it is too late to effect any changes which will alter what I believe is going to be a very terrible phase of our countries history. Benanke and his minions continue to paper over the fraud and cover for the fraudsters. What they should have done was let the weak ones fail, and throw the many who have perpetrated the fraud in jail. But, as they say, the inmates are in charge of the assylum. Americans now know that were in a heap of trouble, and they also know that their representatives in Congress know it as well, yet Americans know that these representatives will not do the right thing. They still think it’s business as ususal. The tea parties indicate to me that we are now in the end game. The politicians won’t figure it out until it’s too late. They will keep playing their games until the lights go out.

Thanks for trying. I also will do what I can do, but it really looks futile at this point. The corrupt structure must be torn down and rebuilt. Hopefully, this can be done with minimum disruption to the county and without violence. I personally will never resort to violence and will speak against any who indulge in it. I feel the most effective activity now is to pray. Nevertheless, thanks for your efforts and I hope you keep on keepin’ on. I will pray for you and others who are doing what you are doing.

Don A. McKnight 05.06.09 at 4:25 PM

GREAT!

John Maseng 05.06.09 at 4:26 PM

I am sickened by the depth of the financial mess we are in, to no fault of our own. Our Government and Financial leaders must stop the bailouts and allow the market to do it’s thing before it is too late!

How do we take advantage with the probable severe drop in commercial real estate? Inverse ETF’s?

Patsy Kern 05.06.09 at 4:27 PM

I have emailed my senators and representatives on this and also H.R. 1913 and S909. Keep up the good work. Maybe if we come at them often enough & loud enough, they’ll get the message. Blessings to you.

clyde carter 05.06.09 at 4:28 PM

The way our goverment is taking the mation says to me that we have crooked leaders in
high places that is void of any wisdom. They want to leave god out of everything and
GOD is in control of everything but they are a bunch of power hungry leaders who are
very gready and on the way to destroying the $ and our nation as we know it today.

Randall 05.06.09 at 4:28 PM

To Martin and staff I say thank you for your insightful and logical analysis of domestic and world financial markets. As a “Safe Money” subscriber, I finally followed your advice and sold about 90% of my diversified stock portfolio, unfortunately at the bottom in late October of 2008. Until the plunge in October, my conservative financial advisor kept discouraging me from selling. When I received the April issue of “Safe Money”, I immediately bought all of the inverse ETF “Mr Speculator” recommendations which have been steadily going down since that time. Your logic and recommendations make sense to me, but the market’s response to the information does not make sense. I am struggling with the financial pain to my portfolio as I continue to lose money even with your recommendations. How much longer do I have to hang on and should I increase the inverse ETF positions to try to make up my losses?

sandra erickson 05.06.09 at 4:28 PM

Thank you so very much for taking the responsibility upon yourself to get this grass roots action going. What concerns me most at this time is the government’s insistence on interjecting themselves into almost every aspect of every industry. Right now, the Senate Finance Committee is deciding how (not if) they are going to impose their will on how health care will be delivered across the nation. How on earth can they honestly feel that a government run “public plan” will benefit us - look at the shape the current government programs are in - reducing Medicare/Medicaid reimbursement levels to providers to the point they have to cost shift the difference between reimbursements and actual cost (40+%) to those of us who are through insurance carriers thereby driving up the premiums to the insured - don’t they get it - somebody has to pay! If they institute a government run plan, of course with no financial oversight, we will be paying out of both hands if we elect to keep our current plans through our employers - taxes to fund the government plan which will unfairly compete with open market plans driving us to socialized medicine - regardless of what they want to call it!

Nina Hohnstein 05.06.09 at 4:28 PM

My big concern is our future children, more political corruption, and destroying our Christian faith and morals. Another is all these bailouts which will not do any good. With the economy worsening people are buying less so it will do no good, such as buying cars. One big concern is I heard Obama wants it so we no longer can deduct from taxes charity, and worse mortgage interest and taxes on homes. You realize what this will do for housing? It’s bad now but will really get bad. If this is the case people who don’t own will all walk away leaving the banks in worse shape with outstanding loans. Obama should not be in office for he knows nothing about being a President. He doesn’t care for our country or his people. He wants to destroy us. He also is not a U.S. citizen, which I don’t understand why people who knew this still voted for him. Thanks for your support and to fight for our rights.

Cy Hilterman 05.06.09 at 4:29 PM

I get so disgusted that more people will not write or phone their Senators and Congressman.
i do it all the time but feel my words are lost when I ask my friends and family to also contact to fight all the excess government we are obtaining ar break-neck speed.

John Lundholm 05.06.09 at 4:29 PM

The fundamentals all cry “BEAR”, but the market keeps going higher.
I can list a dozen reasons why the stock market should crash, but it doesn’t, and
until it does the only smart option is to trade the upside with very tight stop
losses, and be ready to profit from the bear market when it reemerges.
At some point the market will come to its senses, but until then, price is
the only reality.

Siggy Latarski 05.06.09 at 4:30 PM

My current concern is moniizing the damage that may well be done by this current administration. Socialism hasfailed around the globe, yet so-called elected represenatives in America appear to have failed to see that.

I am also concerned that the demographics are changing to the point where near future population seeks greater support and handouts from the government. This administration is playing on fear to maintain power. This has been the democratic play-book for the past 30 years.

Dr. Douglas Schell, Retired Business Professor 05.06.09 at 4:30 PM

You asked for my opinion as to what we must do now. IMO, there is NO stopping the total collapse of our economy and the snowballing of the same to most other economies. We are approaching A PERIOD of choas, riots and eventually anarchy by the end of 2009 that will be taken advantage of by the FACISTS waiting in the background to implement martial law. Yes, it will be a real NATIONAL EMERGENCY. CREATED A GREAT DEAL BY THESE SAME FASCISTS.

What we lovers of liberty and free markets MUST do NOW is to PLACE TOP PRIORITY ON organizing LOCAL HOMELAND SECURITY UNITS IN EVERY COUNTY OF THE USA, HOPEFULY LINKED IN WITH THE ELECTED SHERIFFS. THESE UNITS MUST BE WELL ORGANIZED, WELL EQUIPED, AND WELL TRAINED IN DEFENSIVE GUERILLA TACTICS. THEY MUST BE TOTALLY COMMITTED TO RESTORING THE CONSTITUTIONAL REPUBLIC AND NEVER ALLOW GUN CONFISCATION OR TAKING PATRIOTS TO FEMA REEDUCATION/DETENTIOIN CENTERS. IF NECESSARY, DEFENSIVE FORCE MUST BE USED.

THE FASCIST SEDITIONISTS IN DC MUST KNOW 100% THAT WE HAVE THE ABILITY AND COURAGE TO STOP THEM. IMO, ANYTHING ELSE WILL FAIL!!!!

Judy Feiner 05.06.09 at 4:31 PM

All I know is that Bank of America was suppsed to be the healthiest of banks a few months ago and now they too have their hands out. What about all of us who owe money on our credit cards. Do our debts get forgiven??? I sincerely doubt it and yet our banks have wrecked our ecomony as sure as Fannie Mae and Freddie Mac. Where is the justice.

Thanks for your thoughts and activity. It gives me some hope. God bless you.

ed cline 05.06.09 at 4:32 PM

Ok, Boys and Girls…let’s see if this site is for real or not. While each and everyone of you have a legitimate gripe, I suspect, each of you is missing the point in all of this manuvering and posturing. During the campaign, Obama SAID and Peolosi SAID they would consider nationalizing 401 k’s everywhere for everyone..Where are we now, Folks? ANd while you worry about your finances, your rights are being taken away in a very strong Marxist move. ACORN is the next Brown Shirts. The banks and fund manageers evereywhere are being threatened and coorced into moves they would never make. They’ve tried to pay Obama back, and the feds refuse. I am very happy that this petition was made and I signed it, but, frankly, it means NOTHING to congress. And Congress is the prime mover in this entire debaucle. They cleared the paths, they presssed the buttons and then took the cash from the “donations” from the very people they are now publicly smearing. Both parties and both houses. You want to fix this nation? CLOSE CONGRESS NOW!!! IMPEACH OBAMA!! JAIL DODD, FRANK, SCHUMER, RAINES, and any and all CEO’s of government controlled entities.

EvenSteven 05.06.09 at 4:32 PM

Former Fed Chairman Arthur Burns use to ask his students at Columbia University on the opening day of classes

What causes inflation?

When no-one replied, he would state- “Government deficits cause inflation.”

So what do you think will happen with gigantic government deficits?

Guess we all will learn the answer in the coming years.

P.S. Alan Greenspan was one of Arthur Burns’ students. Greenspan told Bill Clinton when Clinton was elected President, and Greenspan was chairman of the Federal Reserve,
“The best thing you can do to restore the economy, is to reduce the deficit.”
Clinton reduced spending and raised taxes (without support from any Republicans) and we had 10 good years.

Cy Hilterman 05.06.09 at 4:32 PM

I was born while the great depression was ending-1934-and I know what my parents went through. I can sense far too much likeness in what is going on now. We don’t need all this government intervention.

Dr. Douglas Schell, Retired Business Professor 05.06.09 at 4:32 PM

You asked for my opinion as to what we must do now. IMO, there is NO stopping the total collapse of our economy and the snowballing of the same to most other economies. We are approaching A PERIOD of choas, riots and eventually anarchy by the end of 2009 that will be taken advantage of by the FACISTS waiting in the background to implement martial law. Yes, it will be a real NATIONAL EMERGENCY. CREATED A GREAT DEAL BY THESE SAME FASCISTS.

What we lovers of liberty and free markets MUST do NOW is to PLACE TOP PRIORITY ON organizing LOCAL HOMELAND SECURITY UNITS IN EVERY COUNTY OF THE USA, HOPEFULY LINKED IN WITH THE ELECTED SHERIFFS. THESE UNITS MUST BE WELL ORGANIZED, WELL EQUIPED, AND WELL TRAINED IN DEFENSIVE GUERILLA TACTICS. THEY MUST BE TOTALLY COMMITTED TO RESTORING THE CONSTITUTIONAL REPUBLIC AND NEVER ALLOW GUN CONFISCATION OR TAKING PATRIOTS TO FEMA REEDUCATION/DETENTIOIN CENTERS. IF NECESSARY, DEFENSIVE FORCE MUST BE USED.

THE FASCIST SEDITIONISTS ALREADY IN CONTROL IN DC MUST KNOW 100% THAT WE HAVE THE ABILITY AND COURAGE TO STOP THEM. IMO, ANYTHING ELSE WILL FAIL!!!!

Richard Miller 05.06.09 at 4:32 PM

This president and congress are leading this country in absolutey
in the direction of disastor. Wait and see who is to go on the supreme court.
One that is mentioned has served representing the ACLU and ACORN.
We can only hope that there are enough smart people in the congress
to help put a stop to this madness

Dana Hounshell 05.06.09 at 4:33 PM

All of these negatives keep upsetting me. I think we all keep saying, “what will happen next?” It seems we’ve had total chaos since Obama is in the White House.

Michael 05.06.09 at 4:33 PM

I have no trust in the members of Congress who are supposedly attempting to find a solution to this economic crissis as many of them contributed to creating this financial crisis in the first place. Ultimately I have no confidence in the wisdom of the voters who return these same people to office year after year under our seniority system which places nighmare politicians in the most powerful committee chairmanships. How can we have the head of the US treasury be a man who doesn’t pay his taxes? He has no integrity or credibilty. He is little better than a pirate. Politicians are self-serving, egotists
without ethics.

Peter Nicol 05.06.09 at 4:34 PM

Where do we find fiscally responsible leaders, who have the vision to lead the country to a balanced budget?
How can America be a world leader when it has & continues to make such a mess of it’s own financial affairs?

david hartness 05.06.09 at 4:34 PM

Dear martin - i started with your father when he started safe money, i though he was the smartest adviser i have ever known but you may be a little better. i just regret not following his advice. iam trying to follow yours and i love all the work you are doing for our country. keep up the good work you are helping us all. Thanks david hartness.

Ernie 05.06.09 at 4:34 PM

I live in the Indiana county with currently the highest unemployment rate (18.9%) in the United States. Many manufacturing plants have closed their doors or severely cut back production. People are still very optimistic that it will get better very soon. I heard of people that were in fact called back to work. But only a few… what will it mean for the 18% who have no income? Only time will tell whether or not desperation sets in, and people will begin taking any work available, even if at only the minimum wage of a little more than $50 per 8 hr. day. At this point most of those working at $30.00 to $40.00 per hour cannot visualize themselves working for $10/hr, let alone minimum wage.
So they work nothing “for nothing”, plus their unemployment check! Some of them do literally work without pay doing some type of volunteer service labor to stay busy…which is great!
I cannot see how those with substantial mortgages will survive another wave of mortgage problems if employment does not pick up this summer.

Richard Powell 05.06.09 at 4:34 PM

Cap & Trade Legislation is another threat to our jobs & economy.We need to stop this
along with stopping the bailouts !

Stephen D. Pommer 05.06.09 at 4:35 PM

What good is a Stimilus package, when the govt is going to take it right back in your 2009 taxes. This is like robbing Peter to pay Paul. If Mr. Obama want’s to stimulate the economy, he is going about it, as if he was giving it to the rich and greedy, and forgetting about the American citizen. I didn’t like his stimulus plan in the beginning, as I felt AIG, the giant Financial Houses, and Chrysler and GM, would take advantage of this, and their CPO’s, CFO’s would be the one’s who will fly out with the “golden Parachute. Let the big three go into Chapter 11 Bankruptcy (as Chrysler is doing now), and in the long run it will come out a beetter managed company, and establish itself back into a top operation. Mr. Obama, stop spending the taxpayer’s money, and concentrate on bringing jobs to America, so our economy can finally go forward.

Stephen Brazil 05.06.09 at 4:35 PM

Hi Martin, you guys are the real Mccoy, sharp!!! aggressive and very keen. Listen fellows, God is blessing you many times over for your help you have provided us. A blessing from the Eternal God of Abraham, Issac and Jacob is no small matter. Now, after the stress tests come out the Federal Reserve will fall prey to more bailouts which will lead to a deeper hole we will have to dig out of, as we dig out they throw more dirt back in the huge hole we are all trying to dig out of. Soon indeed the fed will have to stop all bailouts and when this occurs our econmy will stay in negative growth while we battle Hyper-inflation from the massive supply of new paper dollars. Now the Commercial Real Estate collapse….this is where I am running for cover as the fire storm begins, I am a Real Estate Broker and have been in this profession since I graduated from college in 1974, (University of Washington). I am sure this is where the Bailouts will stop and the effects will be herendous for malls and office buildings and indeed many banks and insurance companies too! Gold stocks and Gold and silver bullion will go berserk until things settle again and a new threat surfaces. Hang-on boys we are in for one wild roller-coaster ride and we need some sharp agressive people in the front car. Martin & staff are way out in front during this crisis.

Stephen, B.A., J.D.

Celeste Colson 05.06.09 at 4:35 PM

I call or email my one Minnesota senator, Amy Klobuchar, around once a week. her staffers don’t like to hear from me. I call my state senator, Tom Anzelc, with concerns about spending also.

I’m received with barely contained contempt and with sarcasm when I tell them that I am a small business owner, a conservative, who curbs my spending when I don’t have the money. I’m fed up. I’M FED UP!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Carole T. 05.06.09 at 4:35 PM

Where is all this money coming from? Now President Obama is talking about setting aside large sums of money to help the Pakistani people…does this man think we have an endless bottom money pit?
Thank you and all the wonderful people who are working to let the People’s voices be heard…if not for you, WHO?
God Bless!

Glenn Melcher 05.06.09 at 4:35 PM

Thanks so much for Your candor. The most inexpensive but potent peace of mind I have found is Silver / specifically CDE.. It is the only reason I can sleep at night… Back then Nov/ Dec you could buy a share for .60….

Thanks again for all You do!!

Glenn A. Melcher

Jo Debbie Tung 05.06.09 at 4:35 PM

Dear Mr. Martin Weiss,
I have always enjoyed your articles and I regarded them highly and I still do. In fact I put most weight on your articles. At a younger age I was educated in California, USA. My major was Business Administration. I am in my 50’s now. I had been rich before but due to several ” bad turns ” and “missed opportunities”, I have lost it all. Now I am a part time English instructor and a part time missionary. I don’t have much money for anything else — not even your books. But I do agree with your perspective on the economy. The US government can bailout all they want BUT the question is where do they get the money?? How are they going to finance these debts? If they keep on their pace of borrowing, can the USA government lose their triple A status? What would happen if they do lose it? Eventually who will bail the U. S. government out? What would happen to their creditors — Japan and China, for example? If China, Japan and India also fell through then will we experience a super depression of the century? These are the last “cushions” for the international business arena. I don’t really think these countries can nor will finance these hugh U. S. goverment deficits forever. Already China is getting skeptical over U.S. government’s spending. And as far as I can see, even if unemployment don’t get you the super inflation that follows after printing all those trillions of extra dollars will get you. Oh by the way, I am here in Hong Kong — a Chinese resident here.
Keep up the good work, Martin. You’re my best source of information and analysis.
God Bless!

Kimberley 05.06.09 at 4:35 PM

I’m sick and tired of the government freely giving away money that doesn’t belong to them in the first place. Mr. Obama is creating a never-ending debt that our children, grandchildren and even great-grandchildren will have to repay. He is showing no respect or regard for all the hard working citizens in this once great nation, and his efforts at changing the United States into the Socialist States of America should be giving all of us great concern. Obama wants to be worshipped as our fuhrer, and not only take away our freedom of choice, but make sure that “his” government has total control over all the companies, banks, car makers etc. in the entire country! Obama’s enormous ego and the unbelievable power trip he’s on should be making us all wake up before it’s too late. I can see my dirt poor grandchildren in the future paying a 75% tax rate, if not even higher. Enough is enough! I’m also extremely upset that his power hungry and mentally ill government is planning on giving my hard earned Social Security money to illegals who never even paid in to the system to begin with! This is a complete outrage!!! How dare he give away my money without asking all of us on Social Security what we think of his insane idea!!! The Democrats in the House and the Senate have all lost their minds under the leadership of a very dangerous man - a man who wasn’t even born in this country to begin with - a man who was stupid enough to bow to the King of Saudi Arabia, and who had the utter gall to apologize for our country’s supposed mis-deeds. Is anyone awake out there America? Has everyone turned a blind eye to this man’s grab for total domination and control over all of us? We are all in such trouble! God help us all!! Oh and by the way, Bush got blamed for just about everything that ever went wrong in America, whether or not he was even guilty. With all these bail-outs from that idiot Obama, he is already at the top of the list of America’s worst Presidents!

sheryl wachter 05.06.09 at 4:35 PM

Working in the healthcare industry I am TERRIFIED of socialized medicine. I wish congress and the president would listen on this. I have heard that this will be one step we cannot change in the future. Once we are there, we will stay there. I FEAR this. I do NOT want the gov’t controlling health care. “Socialized Medicine” means people dying in line, waiting for tests and treatment.
It means Doctors and Hospitals closing their doors due to price controls.
It means drug companies halting research due to price controls.
It means the government decides who lives and who dies.

My other BIGGEST fear is CAP and TRADE and what it will do to everyone’s electric bill….as Obama said “I will bankrupt the coal industry”. What a TERRIBLE thing to do. And WE are the ones who will be paying, and deeply.

richard bertke 05.06.09 at 4:36 PM

I took 500,000 dollars out of the stock market December 23, 2007, based on the advice of your web site. Everything was rocking and rolling and I got out just before the crash. Without the internet aperson wouldnt know what was going on. Cnbc is a bunch of propaganda and rigged government statistics. Thanks, Rick in Houston

James Wilbur 05.06.09 at 4:36 PM

Economic insecurity is the biggest concern our nation faces. The way the bail out of banks and the way they spend our tax dollars to increase the wealth of the people responsible for running the banks into the ground in the first place. Why would the banks want them back????

Wayne Rollis 05.06.09 at 4:36 PM

The only thing I am worried about is what is going to happen to Social Security and Medicare and getting Obama out of the White House

connie massey 05.06.09 at 4:36 PM

Thank you for you tireless effort to get Washington’s attention. I am tired of both parties
being negligent and not working for the taxpayers and people of this country. I have been a republican most of my voting life and I am 71 years old, and cannot believe the disregard for what is being done to our liberties, our rights and our values and our whole economics which are being virtually destroyed day by day.

Connie Massey

Judy George 05.06.09 at 4:36 PM

I am concerned that we are becoming a nation led by the nose for our Presiden’ts personal agenda and that bail outs, bankruptcy and take overs only allow for the same poor management to continue. Failure can be a positive thing. We can not grow unless we fall. We have to stop pointing fingers and waiting for someone to make things better. We are being led by so called “leaders” that are not listening but bent on “changing” just for the sake of change.
We have seen so much corruption in Illinois and it is only getting worse. Once people realized that they could vote in hand outs, this country was lost. I really am afraid that we are going to be a has-been nation and will never recover from the decisions being made today.

Judy

David Powers 05.06.09 at 4:37 PM

We could raise Billions of dollars quickly if we demand that international and multi-national companies doing business in the U.S. pay income tax just like domestic companies do. Why should they get to make a profit here, then take the money and run home? Other countries don’t let us do that. Lets make France and other countries who have a debt to us pay up! As usual, the US gov’t is still screwing it’s own citizens so the “new world” elite can rake in the dough.

Carole T. 05.06.09 at 4:37 PM

Where is all this money coming from? There has to be an end to all this spendning!
Thank you and all the wonderful people who are working to let the people’s voices be heard, if not for you, WHO?
God Bless!

dan crancer 05.06.09 at 4:37 PM

Obama seems bent on destroying capitalism and turning us into a socialist state and bankrupting us in the process.Where will it end ?We’re on the verge of becoming a second rate country instead of the greatest.

Ray Bogater 05.06.09 at 4:38 PM

We, the people of the United States of America, deserve exactly what we are getting. WE voted in BO. Unfortunately we also voted in Democrats and Republicans who basically think alike. What great joy we had when the conservatives took over Congress. And what great joy was smashed when we found the conservatives had their hand out like the liberal agenda. This two party system is a fraud. This is a congress that is out for itself. I just read where a one term congressman can retire on $15,000.00 a month! Now think about who allowed that to happen. Those representatives, in and about themselves, are about themselves. They can bring down our country. Why is it that a school child cannot bring an asperin to school without being suspended but a child can get pregnant and get an abortion without parental consent. WE allowed that to happen. We need to take our country back.
As a conservative, I did attend the Tea party in Cleveland. The weather was not good but a few thousand folks showed up. I found most people upbeat and energetic. No one asked if they were Republican or Democrat. You could feel the energy in the crowd. These people are concerned and wanted their opinons heard.
Now both sides are offering town meetings where you can vent. But that is where it ends. The Tea parties are grassroots events that offer more hope for you than a town meeting.
We need to find people at these events who are willing to represent US and the U.S. We need tp take back our country. We need to do it NOW!

Nina Hohnstein 05.06.09 at 4:38 PM

I forgot about my concerns. Do you believe housing will go so low no one will sale their homes and many will let homes go. Another, I hear more people will not qualify for loans. We know taxes will go up but will this also produce inflation such as higher interest, food, consumer spending, etc? It’s scary seeing bigger government control and hearing about so many small businesses closing down.
We all need to pray hard for our country, our families, and especially our corrupt people in Washington, D.C.

GOD BLESS

jim 05.06.09 at 4:38 PM

If Obama and Pelosi are allowed to continue government control of our companies,the Dow Jones going down will be the least of our worries.

keith babola 05.06.09 at 4:38 PM

i will be real surprised if those ‘people’ will even listen. they have their own agenda which is lining their own pockets with monies from the bankers and CEOs. if this makes a difference i will truly be surprised. but i love you for trying.

Jerry Schmidt 05.06.09 at 4:40 PM

I want to thank you Martin, for representing us, we definitely need a voice. While I am concerned that my (presently retired) savings will be eaten up by taxes, and government takeover, my main concern is for the future of this once GREAT Country. I fears that our freedoms are being taken away by the present administration and his cohorts in Congress, solely to benefit the few at the top. Control of banks and business should be privately operated, without restrictive government control. I understand the need for some oversight, but this direct control is completely opposite of what our Founding Fathers envisioned and set forth for us.
The freedoms of our future generations is seriously in peril.
Thank you again, for helping make our voices heard.

Beverly 05.06.09 at 4:41 PM

Not a lot to say other than THANKS for keeping us informed and for going to bag for us! I don’t think I’ll ever be able to comprehend the “genius bigwigs” in the government!

Cody Wilson 05.06.09 at 4:41 PM

Our fight needs to be on government run health care. If they ever get this entitlement passed and implemented we will be stuck with it forever. Debt hurts, but it can be overcome, and entitlement never has been reversed so we must stop the govenment run healthcare now.

Peggy J Borders 05.06.09 at 4:42 PM

First of all I am angry that Bank of America was “coerced” into staying with the Merrill Lynch deal. I know that to be true because I was employed by BoA until I retired 12/31/08. We had team meetings with our Call Center Manager and in October 2008 were told that pulling out was an option that Ken Lewis “wanted” to take. I’ve heard other things that are proprietary since then. Some very recently that BoA is being threatened. That’s the Nazi way of doing business!!!

You must realize that BoA was still in the “black” at that time. BoA is the “plumb” of all the Banks and Obama doesn’t want to Nationalize it “he” wants to “Own” it using the money of the people. It would belong to the Government–lock, stock and barrel!! Bank of America is the one “big” bank that could recover and be profitable again very soon and Obama looks upon BoA as “his” private Cash Cow!! Those current funds are being “forced” once again upon this Bank along with the “huge” interest rates each month and BoA is NOT even being allowed to give that money back. Isn’t anyone “frightened” about these events but me??? I see Totalitarianism just around the corner not Socialism.

This is merely an “end-run” around the Constitution of the United States and “someone” must wake up and come forward and put a STOP to all the un-Constitutional grabbing of power!!!

Thomas Hart 05.06.09 at 4:42 PM

Stop the madness of more and more spending……….stop the jump for a “comprehensive Illegal” Amnesty program….NO Amnesty EVER. Stop trying to overturn the 2nd Amendment through legislation…it gives me the RIGHT to Keep and Bear Arms and I shall never relinquish that right.

Go after Obama for being the Usurper that he is………Dua; Citizenship is not a right to be able to run for President, it is a disqualifier. Get behind all the Citizen Grand Juries and help get their indictments into the courts.

BILLIE 05.06.09 at 4:42 PM

Thank You..so very much!

Frank R. Mai 05.06.09 at 4:42 PM

Everything President Obama, the Obama administration, and the Democratic controlled congress is doing bothers me. They are changing America, but for the worse. In addition, the Republicans have yet to find a voice, someone with appeal to lead, or take a stand on conservative principles and push them hard and often.

larry todd 05.06.09 at 4:42 PM

I too will be humbled when the account becomes positive….

Thomas Holdsworth 05.06.09 at 4:42 PM

I am totally bewildered how the DOW can keep running to the upside. This is madness!

Marvin Rothenberg 05.06.09 at 4:43 PM

Martin, I prefer capital-ism to govt-ism for private business. Thomas Honig’s article
hit the nail on the head. Govt. has changed the rules and contracts of business, never before done in America. We are a train wreck looking for a place and time to happen!
Congress and the Admin. will wake up some day hopefully before we go down the tube.
This can not be the correct thing for America.
Note: Barneys is closing Las Vegas and one other. The last one to leave L.V., Turn out the lights. Keep up the great work, people are starting to believe!

Layton 05.06.09 at 4:43 PM

Thanks to you and your team we feel educated on our countries financial crisis but have a complete helpless feeling on the direction our dictator like government is using our money ( taxes ) to take control for their selfish ends. Soon we will have no choices and we will be told what we can own, when & where we can doctor etc. It’s a scary time and I fear money and financial wealth isn’t going to count because the government will cease what they want/need. PMA is hard to keep! Bless you all for your efforts and help.

Ger Kreutzelman 05.06.09 at 4:44 PM

Let the markets take the natural course. Please no politics in who is going to survive. These “business man” had there chance and now MUST live there consequenses. Bankrubty is the next step. Nobody is to big to fail. I don’t want to pay them, from my tax dollars, for doing a BAD job. The whole bailout is a political con job. And to make sure that the politicians understand it, ” stay out of business, you don’t know the first thing about it!”

Victoria 05.06.09 at 4:44 PM

I received this as an email and thought why not….
You can call it the Patriotic Retirement Plan:
There are about 40 million people over 50 in the work force.
Pay them $1 million apiece severance for early retirement with the following stipulations:
1) They MUST retire. Forty million job openings - Unemployment fixed.
2) They MUST buy a new American CAR. Forty million cars ordered - Auto Industry fixed.
3) They MUST either buy a house or pay off their mortgage - Housing Crisis fixed.

It makes better sense than what Obama is doing. Give the people the money as a tax rebate and let us become consumers again and we will get the economy going real fast.
Why is it so hard for the President to see this?

Thanks for all you do on our behalf. May God Bless our Country once again.

Lillian M, Ballow 05.06.09 at 4:44 PM

Your Money and Markets’ newsletter has been such a blessing to me. You may want to drop me after this note. I do not have anything to contribute about investing. I have insurance left and it is in Treasury Bills. I will be 86 in July and am alll alone in the world now. My husband was a survivor of the Bataan Death March and a prisoner of the Japanese for 3 1/2 years. I have an income from the Government, and I do get more than a normal death in Service does because of his record.

Believe it or not, I am intuitive and knew that we were going to have a Great Depression, worse than the other Great Depression. I kept hoping that it was not true, but I do believe that the economy will get worse and worse is going to get really bad. The trouble with Intuition is that it only gives you ‘things’ in ‘bits and pieces’.
I knew this five years ago, before I moved from Virginia Beach, VA to Sedona, AZ,
Then, I found your Money and Markets newsletter. I do wish that I did not have my money tied up now. Anyway, I do not know anything about investing, and I do mean nothing.

I do hope that I have not bored you, as I did not mean to write so much.
I think you are a wonderful person, and you are doing a great favor to humanity–the ones that listen, that is~~

Lillian M. Ballow,
http://www.maxine7945@yahoo.com

Robert Matheson 05.06.09 at 4:44 PM

Marti
I’ve been a fan for a long time. It’s guidance like yours that will help save some people from devistation. We rescued some during 2008 as we had our clients out of the market for most of it and also 2009. Our clients are fully invested now but I think some of your readers got your message. It is likely the Dow could go to 10,000 but then Katy bar the door. The debt is killing us already. If the senate gets veto proof control then the total power will corrupt absolutely. Watch the Dow go to 3400!

Reid and Sue Adams 05.06.09 at 4:46 PM

We are concerned about the taxes our children and grandchildren will have to pay due to the excessive and unnecessary bail outs that the Democrats and Obama have obligated us for.We are concerned that the liberals, congress, and the judges are taking IN GOD WE TRUST out of America. Our country was founded on God. We are concerned about Gay marriages,the Immigration issue. It seems to us the immigrants are treated better than the hard working tax paying Americans. We do not want to be a Muslin,and Communist country. Our forefathers fought for our freedom.

JOHNNY MCDANIEL 05.06.09 at 4:47 PM

I cannot think of ANYTHING of an economic nature that government can do as good a job of performing as profit-oriented non-government entities can. Someone name one for me, please…

Sally Harrington 05.06.09 at 4:47 PM

My husband was a Captain in the Air Force when I was 8 years old so I didn’t know him then. He flew cargo planes to England during WW11. He retired a Lt.Col. With what the world has become since he passed almost 14 years ago, he wouldn’t care much to live in it any longer. Principles, honor and trust were very important to him. Now it seems that there are so many crooks in high places. Who can one trust.It doesn’t seem possible that the world is being taken to the edge of the cliff as it is. It all happened so fast. I am just thankful that my husband moved us out of the city of Seattle to this beautiful island before he passed. The way things are moving, I prefer to be in the country where people help one another. Lord help us each and everyone. And richly bless Martin Weiss for what he does to help us all.

Sally Harrington

ralph gray 05.06.09 at 4:48 PM

Just listened to your webcast of 1-2 days ago. It convinced me. I’ll write schumer, maybe otehrs.

gmcguire 05.06.09 at 4:48 PM

There is no good to come from the Congressional approved bail-outs (”I am from the Government and I am here to help you”). We and multiple future generations yet unborn are enslaved with the cost to be paid both in taxes and coming inflation. Let’s all learn and teach our children and their children that 1) we cannot put our unbridled trust in elected officials; 2) we need to constantly monitor their actions; 3) we need term limits to prevent “career” politicians; 4) we need to NOT re-elect those who serve their own purposes rather than those of their constituents.

In the meantime we need to shed our complacencies becoming a pro-active citizenry demanding that elected officials listen to those voices in the wilderness who have financial expertise such as Dr. Weiss, and many others, who proclaim that current government solutions to past political malfeasance only worsen our nation’s economy and its future.

Email your Congressional Members regularly letting them know you are watching and will work if necessary to vote them out of their respective offices with all their many personal perquisites. For what will be the costs of today’s bail-outs to future generations, let us now work towards their at least having more intelligent government with better foresight of its actions. Thank you for becoming an active citizen.

bob smart 05.06.09 at 4:48 PM

how will the stock market respond…???…….i don’t think that is the question now. It has already been ‘leaked’ out that 10 of the 19 banks failed the stress test and others are in real trouble. What happened yesterday and today after that ‘news’ was leaked? Not much. They are all drinking the coolaid, singing the same song, and they are all self-serving. The media is putting lipstick on the pig, and she’s as pretty as can be!! No one seems to notice its a pig, and it stinks like a pig. Our representatives aren’t listening to their constituency, they’re listening to their party ‘boss’ and anything he says goes.

Cheryl Brooks 05.06.09 at 4:48 PM

My major concerns are that the 1st,2nd,10th,11th amendments to the constitution are being sideswiped away from us. All the signs are saying Obam is sending right to a socialist, marxism government. The massive spending, bailouts and the taxation with representation along with all the backdoor policies are not the direction I want for my family and my country.

rebecca hulme 05.06.09 at 4:48 PM

i am tired of government stcking it’s nose in business. if a busines cannot run sucessful, then there are bankrupt laws to abide to.

william withrow 05.06.09 at 4:48 PM

I am an old street hustler and i have always felt that the stock market was a hustle, the only people that make any money are those in the know or large firms that are manipulating various sectors. They draw people in using corporate shills and hype, then they pull out. If you don’t follow the market constantly, your usually too late. My opinion is that the dollar is going to get destroyed with all the printing and borrowing going on, and one should think of investing in foreign countries that still run balanced budgets and have gold backing. Lastly, buy gold to hedge against the inflation that will be coming in the next year or so.

Donald E. Goff, Ph.D. 05.06.09 at 4:49 PM

Dear Sir,

I feel two pivotal bills needed to stop the madness are H.R. 1207 the Federal Reserve Board Transparency Act (to create aaccountability, Congressional oversight and expose the crime committed by this private company); and H.R. 450 the Enumerated Powers Act (to return us to the Constitution and sane government that protects freedom).

Justin 05.06.09 at 4:49 PM

Martin: I think we have a long hall for recovery. I have heard comments. like why don’t the goverment give all individuals,like a $100,000.00 each, then they will get back $30,000.00 for taxes, and the economy will get some help.I think the waste in this country is out of control,could go on and on, but I will end here. Martin keep up the good work, God Bless. Justin

Ann 05.06.09 at 4:49 PM

My son works for corporate law firms that counsel mortgage/investment firms in NYC. He said they are laying people off like wildfire; offices are closing; not too many deals going through. But a lot of Freddie Mac/Fannie Mae Multi family transactions. But, most of the tranactions are coming out of DC, VA and Atlanta, and CA.

I heard any kind of stocks in security/technology, survival equipment, water,purifications, transport. Makes sense if people are getting ready for a show down.

I don’t own any, so I imagine most stocks are a risk

Stephen W. Brown 05.06.09 at 4:49 PM

This is a bear rally. What makes me think this? Even if this were a true sutainable rally, the Federal Govt. is working their little socialist butts off to make sure all us “successful people” hand over our hard earned money to them and anyone else they deem deserving of our money. Not a very positive sign for the stock market for the next couple of years. Do you think the bank stress tests are rigged for the negative so the Feds can continue to take over the banking sector, under the guise of “emergency powers”

Constance Glover 05.06.09 at 4:49 PM

Thank you for keeping us posted on all you do . . . and may God Bless you as you work so hard on our behalf.

Gilles Giguère 05.06.09 at 4:50 PM

Great, great information; congratulations!
Can you do your best to describe how this US/world crisis will impact CANADA AS IT UNFOLDS?(without necessarily writing a new book?) Knowing that our banking system is different, how do you see it being ‘hurt’ in the short-term?
What can we teach to our kids as this crisis unfolds?

Thanks again for your time and efforts

Gilles

DR.DAVID L. DAUGHERTY 05.06.09 at 4:50 PM

DEAR SIRS;
ARE THESE PEOPLE NO LONGER ACCOUNTABLE TO ANYONE? THIS SPENDING AND GREED ARE RUINING THIS GREAT COUNTRY.WE NEED LESS GOVERMENT NOT MORE CONTROL
FROM WASHINGTON.IF A PERSON WOULD GO TO MEXICO AND COME BACK ACROSS THE BOADER,THEY COULD GET MORE FROM THE GOVERMENT THAN THE ONES THAT HAVE WORKED HARD AND PAID TAXES ALL THEIR LIFE.I DO NOT BELIEVE IN ABORTION AND I DON’T THINK MY TAXES SHOULD PAY FOR IT.IF THINGS DON’T CHANGE THIS SHIP WILL SINK.
THIS IS JUST A START,BUT I WILL NOT GO INTO THE OTHERS NOW. DL.DAUGHERTY

Philip Corallo 05.06.09 at 4:50 PM

Mr. Weiss-

Thank you for being such a passionate voice for the good of our country. You had asked us to tell you our concerns on the economy so here goes:

I understand that economies like everything else have ebb and flow. So a recession doesn’t bother me so much. I would rather have sharp short term pain, and get through it to have the possibility for sustained, healthy recovery.

What bothers me is the irresponsible way in which this is being handled. Have we ever had a more clear case of politicians being in bed with Wall Street. If welfare hasn’t been destructive enough for our society, now we have welfare for Wall Streeters. All this at the expense of the future of our children and grandchildren.

How will our country dig out of a mess that they keep making a deeper hole of? By taxing the producers of our society? By printing (money) our way out of it? Both of these will have results that produce horrendous side effects.

Then of course there’s the little issue of the “crisis”. Politicians love a good crisis. They believe that everyone panics and looks to them to “do something”. So what they’re doing now is changing our country in Obama’s image. I’m most afraid of this- that we will all wake up one morning and no longer be living in a country that we recognize. I know that many of my fellow Americans are concerned with this also. Unfortunately, I fear not enough of us are worried about it.

Thank you again for all your hard work.

Respectfully,

Phil Corallo

Janell 05.06.09 at 4:50 PM

I am concerned about the future of my retirement savings as well as being able to secure adequate insurance for health care. It seems that Medicare as we now know it could be a thing of the past. I worked in public education and was not allowed to contribute to Social Security. After retiring from school work, I worked for minimum wages in the hopes that I would be eligible for Medicare Parts A and B. Now that I am unable to continue working my Social Security is not enough to provide Medicare and I have to pay quarterly for health insurance. I try not to worry because my faith carries me through everything.

Thanks for representing your fellow Americans.

bob smart 05.06.09 at 4:51 PM

Mr. Weiss, thank you for being our ‘face’ and ‘voice’ in the public arena. We need someone willing to represent common sence America.

Richard Doughty 05.06.09 at 4:51 PM

My concerns are still about this bail out mess.

New taxes.

The alarming direction this country is headed.

2nd amendment right, 10th amendment rights and in fact the whole constitution.

Our pending rights to hear ALL of the Bible preached in our Churches.

The alienating of just about everybody according to the leaked text of DHS, watch lists, headed by Nepoletano.

I could go on ad nausiem

Thank you

R Doughty

Dusty Bush 05.06.09 at 4:51 PM

DR. Weiss and your fine staff,
Thank you for speaking out loud and for standing up tall — for all Americans who seek the truth. In most cases, if the real truth is made known to good folks, they will tend to do the right thing. I am thamkful for having seen your April 7th “live feed”, and I have since bought your great book. Thanks for telling Americans (and other interested folks globally) in your book — and now in Washington DC — the real truth about our pending financial crisis. I am praying for your every success in Washington DC and across this country. I also pray that many may find your wisdom and candor refreshing, indeed, and heed your valiant warnings. I have shared links to your wise financial information and about your new book … with my friends and family. As an unemployed engineer in the oil & gas industry since Dec. 2008 (due to lack of financing for multi-billion dollar capital projects), I look forward to returning to the workforce, one day, but very unlikely for at least another year. All the best to you and your continued success, sincerely, -Dusty Bush, 06-May-2009
“I contend that for a nation to try to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle. — Winston Churchill”

Spider Rybaak 05.06.09 at 4:51 PM

Like most of your readers, I took a major hit last fall, to the tune of 60% of my portfolio. Through a combination of personal research and “Money and Markets” advice I’ve managed to regain about 65% of the loss. Thanks for all your advice.
Spider Rybaak

David Graves 05.06.09 at 4:52 PM

Is it true that the President has signed a federal bill amounting to 20.3 million dollars to allow Palestinians, (Hammas backers), to settle in the U.S., paying for their housing and food? Is this a prelude to the allowance of several tens of thousands to be allowed in this country who hate us and our American values?

Herrmann Glockler 05.06.09 at 4:52 PM

How far are we from a general tax revolt, where millions of citizens refuse to file their tax return, pay their taxes.
We do not need bullets and guns for the next revolution, just a little disobedience.

Howard Barker 05.06.09 at 4:52 PM

Why can’t Congress stop all the spending? Where is their resolve to see our Nation remain a free nation and as our founding fathers started it out as?

Phil 05.06.09 at 4:52 PM

As to where the market is going from here, it depends on the time frame. The pros, hedge funds and mutual funds are controlling the market now, as it just makes no sense why we continue to rally on bad news. The old way of buying stocks on the fundamentals seems to have gone out the window. Eventually it has to tank, but in the meantime……..what to do - who knows.

charles west 05.06.09 at 4:53 PM

thank you for all you do . my wife and i lived threw the 30’s and i feel as if we are headed for another 30’s in 2000…..

Linda Henry 05.06.09 at 4:53 PM

I am worried about the current turn for petifiles and not for our wonderful Veterans who are protecting us. Also, who does the President think he is with his attitudes regarding contract law & bankruptcy and when will the taxpayers get paid back all of the money he is spending? Linda

Raymond 05.06.09 at 4:53 PM

Martin,

My concern is what has happened to plummet the interest rate on my credit union CDs.

I found out that the funds I deposit go through 3 levels in the credit union system. The third level is called Central Bank, somewhere in mid-America, they reinvested the credit union members deposits in the sub-prime real estate market. I would like to put my money into US Treasury I-Bonds, but now we citizens are only allowed to buy $5,000/yr. of these I-Bonds. A few years ago we could buy $30,000./yr. What administration changed the rules Bush or Clinton ?

Kevin 05.06.09 at 4:53 PM

I am wondering with all the lawsuits being brought forward about Obama’s birth certificate what affect would it have on the stock market if one made it to the courtroom?

Charles Carter 05.06.09 at 4:54 PM

Dr. Weiss,
I truly appreciate your hard work and dedication. I am honored that there are true patriots as yourself looking out for the best interest of our nation. I am only 33, I have a wife and 4 year old daughter to support and I am terrified and deeply angered watching the direction that our leaders of this great nation are taking us. We the people really do not have a voice due to the mainstream media drowning us out and brainwashing the uneducated citizens of this nation about what is just and what is not. The more angry I get, the more I educate myself on how this nation was founded in researching what our founding fathers depicted this nation to be. I see us heading in the wrong direction and I do not see it stopping anytime soon; possibly not until we wake up and find ourselves living in some bad dream. I urge everyone to educate themselves with Adam Smith and the principles of capitalism. I urge us to force our leaders to adopt a monetary system that is backed with something real. This system is broke, there are so many problems that I cannot begin to iterate them in this short blog. I do however want to thank you again for all you do!

Charlene Mitchell Crochet 05.06.09 at 4:55 PM

Amnesty is the biggest thing, with 491,000 jobs lost in April, we simply can’t let these illegals continue to take jobs that our Americans need so badly. Those idiots in the house need to realize this.

National health care doesn’t work in Canada, why would that man in the white house think it would work here?

Angela Parkinson 05.06.09 at 4:55 PM

I know the markets rallied during the early 2003 onwards on credit and l have only played the markets since 2001.
over 14,000 on the dow was a ridiculous level for the markets to rally to, it was obvious what mess would follow. If l, a mother of 2 with a business saw this coming in 2004 then l am absolutely certain the bankers and government knew what was happening.
How dare they squander tax payers money playing games on wall street and then have the Gaul to charge interest on loans and overdrafts.
I am outraged by this farce.
A new rally on the back of what, bailout money isn’t reaching business, its been gambled away. Shame on them.

Angela

Marie 05.06.09 at 4:55 PM

Our government CAUSED the mortage meltdown why they first removed the restrictions on banking under Glas-Stegle Act (don’t know if I spelled that right). Then they began FORCING these bank to write mortages to people the banks knew counldn’t pay back. Now, they think they can fix the problem THEY created in the first place by throwing billions of tax payer dollars into a black hole. Do they think the American people are stupid?

The solution is so simple, but leave to a bunch of career politicians to fail to see it: If the government FORCED the banks to write these mortgages, then the government can and should FORCE the banks to suspend ALL foreclosure proceedings immediately for at least a year. The banks should be FORCED to accept whatever payments the mortgage holder can afford to make at least temporarily (with no late fees, penalties or any of the other fees these banks use to really screw over the mortgagee). Problem solved. The banks still have cash flow, even though reduced for a time, they are not going through the expense of foreclosure procedures and they are not stuck with real estate that they can’t sell. Everyone wins and no tax money is wasted.

Lowell J Mix 05.06.09 at 4:55 PM

1. Why do citizens have to show and prove their credentials (driver’s licenses, passports, birth certificates, etc) when our President does not have to show or prove his credentials for being our President?

2. When the economy is bad, and the citizens are losing jobs, how can the Administration even think about raising taxes if they care about our country?

3. When is the wealthy Administration going to start using their wealth to offset the excessive expenditures they are making to indebt our nation’s future?

Barbara Murphy 05.06.09 at 4:55 PM

I’m the same person who always says the same ole, same ole thing. I am 74 and am on a limited income. I really need someone to help me figure out how to get into a safe place. I have my money at Chase. It’s a pension and social security automatic deposit. I have to pay my bills and can’t change banks because I will end up bouncing checks in the move. I am frustrated. I will always read your e-mails and be grateful for the people you do help. You truly are a wonderful, great person for sharing your knowledge. You have helped so many people who know what they are doing and I sincerely thank you.

Ray Bedwell 05.06.09 at 4:55 PM

I am furious that we are still going to give money to these institutions. Why is our govornment so intent on wasting the money they have “appropriated” from the taxpayers in this country? Why are we allowing “big govornment” to get a toe hold on our future? When do the citizens of this country start standing up for what they believe? Most importantly, how do we, as the minority, put a stop to all of this? By the time the majority “herd” mentality realizes what has happened, we will be in economic ruin and well on the road to socialism. How do we “wake up” this portion of the population before it is too late? Do we really believe that 60,000, or even 160,000 signatures will get Washington’s attention? That is approximately .002% of the population of this country. merely a small ripple in an ocean of disinformation.

Andi Elliott 05.06.09 at 4:56 PM

I say let the chips fall and we’ll pick them up at the bottom. We don’t have enough money nor should we print enough to help them.

Shelly 05.06.09 at 4:56 PM

Martin,

I want to thank you for putting together a place where average people like me can get together, speak up and have a voice that may actually get listened to.

As to your ‘Question of the day’ I don’t know what the stockmarket will do when this next crisis hits. I do think it will get worse before it gets better. How soon it gets better will depend on just how much this administration, Congress, and Senate meddle in things best left to the private sector. I do know we are already in trouble now that the CBO estimated numbers show the interest alone on the debt we are currently aquiring could reach almost $1 Trillion a year in the future. When will it all stop? Please, somebody cut up the credit cards!

Andi Elliott 05.06.09 at 4:56 PM

I say that we let them fall. We don’t have enough money to help every one.

Harold Baro 05.06.09 at 4:56 PM

My next biggest concern is the federal Government taking over Health Care. We definitely don’t need the government handling our medical health problems. Do we become like England and Canada where people are dying because they can’t get the medical help they because the government feels you are too old or whatever. This country is really heading down a trail Americans don’t like.

Ron Myers 05.06.09 at 4:56 PM

Martin:
We appreciate all you are doing in Washington to help consumers/investors. I recently received information from Swiss America Trading Corp., in Phoenix, AZ. I am considering a rollover of a 401K into a Gold IRA. It appears this may be a good investment for the future direction of gold. What is your opinion on Gold IRA’s as an investment, and of the Swiss America Trading Corp. The CD/DVD supplied and comments from President Craig R. Smith seem impressive and sincere.

Thanks,
Ron

David 05.06.09 at 4:56 PM

Thank you for your labors and giving opportunity to speak on “the questions of the day.”

I believe that during the past several weeks and months the stock market has become somewhat immune to banking failures, and therefore the outcome of stress tests will be taken in stride. We now have assurances that the Fed’s printing press will perform a timely miracle (at a heavy price) and President Obama’s heavy hand can circumvent the bankruptcy court.

Gas and oil, precious and strategic metals, wooded lands and related products could go up. Housing construction provides jobs and the government will ramp up construction as soon as possible. The infrastructure tagged by the Administration should go up.

There is more at stake. President Obama, ironically, will tax our wealth to establish an ideology that cannot stand on its own.

Kip Lermann 05.06.09 at 4:57 PM

I’m a small business owner in Lee County, Florida….the “ground zero” of foreclosures. We’re still averaging over 2000 residential foreclosures PER MONTH! Unemplyment at 12.5% in our county. The other shoe to drop is the commercial real estate segment here, big time. Lots of empty strip centers, empty offices and free-standing stores.
Years ago a customer would request 3 proposals before purchasing…….now it’s 6-9 bids. Companies are discounting 30, 35, 40% to get some cash flow, just to cover their direct costs, let alone their overhead and a small profit. Can’t sell your services for $ 1.00 under cost and make it up in volume. Where is the sanity in our economy Martin?

Philip Evans 05.06.09 at 4:57 PM

Martin,
I appreciate your sincere effort. Crisis is now the preface to every claim for a need to take additional stimulus action while in reality it is a means used to usurp more power. Our economy has dealt with failing businesses by allowing them to fail. Too big to fail is a myth created to protect the instigators of taking unacceptable risk in lending practices and forcing this upon the financial industry. So far, I see no one or no industry that has benefitted from bailout money. It only serves to further fuel the existing failures. You mention and I concur, our kids and grand kids inherit this government spending burden.

Thank you and God bless You!

Connie H. 05.06.09 at 4:57 PM

I am concerned that our country is going to end up a socialist state. I am tired of our elected officials NOT listening to what their constiuents are saying. I am sick and tired of the judiciary going above the law and ruling from the bench. I can’t understand why there is not more outrage about this! This is taxation without representation and it needs to be stopped. Thank you for what you are doing in Washington for all of us!

God Bless you!!

Marilyn J 05.06.09 at 4:57 PM

Thank God for grassroots organizations such as this. I belong to several. I feel there is too much griping and not enough involvement by the American. I hear very few feeling good about our destiny at this point, but I don’t think any of them write letters, email, faxes, or make phone calls. It is quite frustrating.

Gerald G. Fonville 05.06.09 at 4:58 PM

I have retired from 39 years of service in the US Army and now must subsist on a modest pension and disability. I would like very much to contribute to your efforts, but my need to eat overrides my ability to make a donation. Perhaps some of those fat-cat clowns in congress can divert a part of those nice fat pay raises they twice voted themselves to your cause. All I got from those bozos was an income tax on my pension, so they can buy more votes from illegal alien invaders.

Gerald G. Fonville
Colonel (r) US Army

Bob England 05.06.09 at 4:58 PM

Dear Martin;
I cannot help but believe this administration is intent on bankrupting us. It is a purposeful, intended thing. It is a sad, sad, day. May God in heaven help us for it appears there is not other help.
Bob

Linda Fisher 05.06.09 at 4:58 PM

I don’t believe them. Doesn’t it seem strange that the banks being told they need to raise more money are the very banks that are trying to pay the Feds back? What approved standard was applied to come to this determination and was the standard applied intentionally to maintain control over these lending institutions? I smell a rat. Personally, I have put a small amount of money in Ford stock. I doubt that I will receive a return on my money but I could not think of another way to reward Ford for rejecting the extortion money offered by the Feds. When it comes time for another vehicle in our family we will only be looking at companies that are not owned by the government.

ziggy 05.06.09 at 4:59 PM

Hi Martin,
I like you,say it as it is and we are looked upon as oddballs. Going against mainstream takes some balls keep up the honest reporting.
Just love been a member of your website and newsletter.

Cheers from Oz,
Ziggy

Stella 05.06.09 at 4:59 PM

I do not understand how our elected officials can simply ignore our protests and adament “NO” to these decisions. How is it legal for them to make financial decisions for me and other TRUE Americans, when there is no mention of this funtion in their job description, aka Bill of Rights, Constitution of the US? Why is it so difficult for them to remember they are employees of the American people - not the other way around? Tomorrow, Thursday, May 7th is National Day of Prayer - I will be praying for our Nation, to wake up and stand with you! Thank you for all you do!

Lisa Hintz 05.06.09 at 4:59 PM

The stock market (and high yield debt market) could be extended, but there is still enough skepticism to keep it going for a while. Rising markets “climb a wall of worry”, and short interest provides potential buyers. Margins for companies will rise as wages stay low. None of that argues for a great future, but it does argue that the market may not fall apart tomorrow. The results of the stress tests are well known by the markets. Even the commercial real estate issue is known. Its magnitude may surprise people, and it may take more banks down than people realize. And the FDIC’s funds are going to start to run low. Still, the market is acting like it loves leverage. It loved it last time when the private sector was borrowing above its means. It looks like it is loving it as the public sector is borrowing above its means. The music will stop, and it is likely to be violent again. It will happen when the public sector borrowing gets cut off. Your work may help end it before we get to that bubble, but Washington is a big, greedy machine, and they may agree we shouldn’t borrow and spend this much, but won’t cut anything from their own district, so the political will isn’t there. If that is true, then it will be the market that cuts them off–either because private sector borrowing chokes it off by raising interest rates, or because a combination of low growth (which means low tax receipts) and lack of interest by foreigners in buying our debt will require much higher interest rates. THEN the market will correct in the magnitude we saw last year.

Kim Deskins 05.06.09 at 5:00 PM

Not one single solitary one of these politicians NOR banks has ever extended a helping hand towards me when I became injured and could not work, so why should I or anyone else for that matter continue to bail them out? Why should we work like slaves for the rest of our lives so they can automatically vote themselves lifetime payraises and salaries—I say, when they don’t listen to what we want, DITCH THEM ALL and start OVER!!!! THEY WORK FOR US!!!!! come on, America, get some backbone, stand up for yourselves and STOP THE MADNESS!!!!

ron 05.06.09 at 5:00 PM

i cant believe that all this money we tax payers pay to banks an they still not up full potential, while other banks small ones are takin no money from taxpayers an now they stronger then the ones that got money from obama, something realy wrong here, so i say let the banks fall on there faces they no deserve the money they get from us, so stop this crazy spending to bost the economy if we want to revitalize economy then bring jobs back to america we need our jobs to survive here in the u.s.a. so give us our jobs an now, and also health care services we need medical and jobs, not giving food to africa and then pirates attack the ships anyways if u want to stop piracy do 2 things arm the ships and stop giving food an supplies to these nations that attack u.s. ships and since obama got into office there even more piracy now then before, maybe they pirates think hes a black president they can do whatever they want an get protection from obama an company, so start arming the ships an let them defend themselfs at all cost, even killing those pirates, is ok to me. they want to play the bad guy game then play it with out rules just like they do. balls out on the pirates, an stop giveing to these no count countrys who attack us in united states an lets fight back like real americans do. in war times, yes this is war on open seas, so treat it as a war not like a kid game, do u here me now, as of now the pirates own the seas, on africa how much more will they do if no food will be sent to africa huh, or supplies, i dont think it will last to long, cause they will kill themselves off befor u know it, an all the regular white people will see the true colors of the african nation as nothin but thugs an killers, that dont deserve to be helped by us americans, we dont need them, let them die an starve maybe the world will wake up an smell the roses, as for afganistan an other mid east countrys just take away the money an they will fall hard, no money no terrorist actions againgst the americans, hey heres a thought ether act like u got sence or die like u stupid ok an maybe madonna can adopt all them countrys kids an statrt her own world an even angolina, all the kids to adopt here in america an they try to make it like they saving someone special, i dont think so, i think maybe these rich women are usin kids to get publicity they no care about kids that much or theyd be in a child care hospital helpin cancer kids an real sickly kids in america, or even the poor kids in america, how about helpin these american kids insteed of african kids an rest of worlds kids, they can solve there own problems without the rich here putting there 2 cents into it, i cant stand the rich who helpin other parts of world citizens while our citizens go hungry an sick , even those doctors who travel to other countrys why they not start at home an help our peoploes here, this is sickens me bad we always helpin those that bite us in the asss after we help them i say from now on let them do there own peoples an we care for our own peoples thats all for now

ray van meerten 05.06.09 at 5:00 PM

your work and effort to change problems by using petitions is great.i hope polititians at least understand some people care even if they dont.if everday a vetern crossed their path ,especially a disabled vetern,they might come to their senses and try to do their job properly in honor of what our servicepeople have sacrificed and use the gift of freedom the veterns have provided them to fight this runaway government and do whats right for our future generation.thanks

Gerald A. Vackar 05.06.09 at 5:00 PM

What bothers me is the real culprets who are responsible for the collapse of the economy and possibly our government as we know it are not being held responsible. The eliteest Builderbergs ,CFR,Trilateralests who work behind the scenes to dictate policy to their advantage, the politicians who take their orders from the elitest,the companys who are more concerned about greed for more money instead of a job for an American,the outright lying of Rating companys that enabled the derivates to be sold with a AAA rating. In my opinion these people should be thrown in jail and all their wealth taken to pay for the total disruption and chaos which they have allowed to happen. Yes , they allowed it to happen , no dobt about it.These are some of the richest people in the world and they should be pay. Rockefellers , Rothchilds in particular.

Wayne Lee 05.06.09 at 5:00 PM

Martin, I congratulate you for all your good work and dedication.
One of our pet peave is the 2nd Amendment. Our Consitution says “our rights will not be infringed” Don’t they understand that? Disarming America is the way of communist leadership and we can’t allow that to happen.

Severian St Hilein 05.06.09 at 5:01 PM

Dear Dr.Weiss:
How wonderful it is to know that the Lord God of mercy has place some one like you in our lives in a time like this.
Base on what I have read and understand about our economics system it woluld make much more sense for the goverment to give the people the loan rather the banks. The people are the ones who have various needs and as a result of that they are going to spend the money to keep business going. I thought it would be a good idea if the goverment had decided to prepay the interest of many home owners who have lost their jobs where by giving them a loan towards the future value of their homes. It is not the banks that keeps the economy of any country on solid ground it is the people, why are they not the ones being helped?

Mary Gemmill 05.06.09 at 5:01 PM

We are in a holding pattern - just waiting for the other shoe to drop. Thanks for your book; very interesting. Am about 3/4 way through. Your input is sound!

Walt Lierman 05.06.09 at 5:01 PM

Bravo, Dr. Weiss for everything that you are doing. I joined the MCP program and I am certainly glad I did. While I don’t have tremendous amounts to invest, I religiously follow Claus’ recommendations; I feel so much better that I joined MCP. I am definitely going to keep up my membership as long as the program lasts.

My overall concern is that the “rah-rah garbage” (to put it mildly) from Wall Street and the Administration is so aggravating and angering. Even a cursory knowledge of basic macroeconomic models show that the economy is in a “world of hurt”. There is a paucity of honesty and candor from Wall Street to Main Street.

You are one of the few voices of honesty and sensibility left. Please keep up your efforts. I will continue to ardently support in any way possible.

Also thanks for the Ultimate Survival Guide, too.

RON CARLTON 05.06.09 at 5:02 PM

MARTIN
I am thankful for your efforts and insight into the economic calamity that is coming our way. I don’t feel that the American public has a clue as to how deeply the decisions of this administration is really going to undermine our freedoms and safety. These careless actions will effect our lives for decades unless we stand up and sound off now!
We need to combine all our efforts into a scream so loud that the world will hear our outrage concerning the ongoing actions of this present government. Martin thank you for helping to wake up America, I just hope it is enough to get the attention that we are in serious need of to change our direction before it’s to late. God Bless, were on your team and will do what we can to help. Your book is a great revelation into what to do next.

Melvyn 05.06.09 at 5:02 PM

I believe we need more people involved at the local level to get the message out. We do not need this stimulus bill and we don’t need to increase the deficit four fold. This is the worst President we have ever had and I’m sure things are going to get worse before they get better. Obama is a charlaton in sheeps clothing and getting away with it. He sold the american public a bill of goods and they went hook line and sinker. I just hope the majority that voted for him see what he is really like and join the more moderate voters in America.

Michael Weeber 05.06.09 at 5:03 PM

I married and started a family late in life. I am 62 years old and have a boy 9 years old. My wife and I will somehow get through this crisis but what about my son where will be his future in 15-20 years? We need to let the crisis right it self now! Each month is crippling the future of future generations!

Lawrence A. Comunale 05.06.09 at 5:03 PM

Martin,

After all has been said and done, I still don’t know where the jobs are going to come from to bring this economy back. People are not going to spend money, when they are not sure of having a job next week. Other than Medical and Energy, in the private sector, I don’t know of any other segments that will be producing reasonable paying jobs. Of course their will be substantial Government jobs with the continued bloated bureacracy—-which can’t last too long without the tax support of the working private sector—– which brings me back to “where, or what industries in the private sector”?—Autos, Construction, Steel, Textiles and many other manufacting industries are not there ,this time ,for the US to rebound?

I appreciate your efforts to fight our demise from going into a Socialist country; this trend that Obama is on is not going to work, but the damage will horrendous for us to recover from.

Larry

Elizabeth Romesburg 05.06.09 at 5:03 PM

Martin,
I am so pleased about our petitions and all the hard work you have done to get this momentous project accomplished.
I am so “steamed” about all these bail outs with”our” money !!!!!!!!!!!!!!!!!!!!!
I am a 59 year old widow, unable to find work that suits my old fashioned abilities and limitations. I am currently moving from Kansas City, away from my kids and grandkids, into a home with an older woman who is blind . As neither of us wishes to live WITH our kids, this seems to be the best remedy. WHERE IS MY BAILOUT???? I struggle to pay for utilities and am crushed that my life has amounted to so little and “I” don’t seem to matter, just these big banks ans so on ! I’m driving a 16 year old chevy truck and pray to my loving God that it holds up. Where is the help for widows ??? Why are we just ignored, trying to make it as best we can just so we don’t end up under a bridge and all of our belongings in a bag or grocery cart !! What has happened here??

I will not apologize for the ranting, I am crushed and my dignity has vanished.
I will sign any petition you folks feel is on the right track, I support you with my prayers as we do not serve a “dead” God. HE is very much alive & well and He’s paying attention!!!

Sincerely
Elizabeth

James 05.06.09 at 5:03 PM

I really appreciate all you do Martin, but unfortunately it’s all useless. No one can stop the congress and we are doomed to pay the bill. These 57,773 signatures are just a drop in a bucket; most Americans either don’t care or are too lazy to do something about it.

Guy 05.06.09 at 5:04 PM

Dear Mr. Weiss,
I would love to hear your thoughts about the future for the UK.
We seem to share many of the problems you are suffering in the US + some uniquely of our own as well.

Sean 05.06.09 at 5:04 PM

I just wanted to say Thank you!! I look forward to reading the letters everyday from you and your staff. I really enjoyed the Ultimate Survival Guide and just start reading it for the second time. Thank you again for all you do.

johnbeard 05.06.09 at 5:04 PM

These are difficult times indeed. However, You seem to be negative toward the market yet the market keeps going upward. Somebody’s buying. It is big money or is it the “small-fry.” Investment capital has pushed this market up about 30% in the last 8-10 weeks. What’s going on if the fundamentals haven’t changed.

Robert Mournighan 05.06.09 at 5:04 PM

Dr. Weiss
Thanks for all the emails and the Safe Money Report
I sleep better at night.
I feel somewhat of a kinship with you, since My father was J. Irving Mournighan.
God bless you for all you have done to help us
Bob Mournighan

Russell Hoover 05.06.09 at 5:04 PM

I don’t want to see the economic system perverted by bailing out poorly managed companies. Let the system work. Let the bad players lose. I am extremely concerned about energy, specifically cap and trade. It is nothing more than a massive tax and will hurt every segment of the economy.

marcy bernstein 05.06.09 at 5:05 PM

DEAR MARTIN,
THANK YOU SO MUCH FOR REPRESENTING ME IN WASHINGTON.
I CANNOT FOR THE LIFE OF ME FIGURE OUT WHY YOU ARE NOT
ON THE OBAMA TEAM INSTEAD OF HANK PAULSON.
I FEAR FOR AMERICA.
THANK YOU AGAIN.
MARCY

ALEX SHULICK 05.06.09 at 5:06 PM

Today i went to Boarders in Tucson and read about 30 pages of your book.
I then brought it.
THANKS
alex

Mr. Deryl R. Scott 05.06.09 at 5:06 PM

My wife and I received a notice in the mail that really drives home the seriousness of the recession/depression. Our pension fund has notified us that the fund in critical condition. Now that does not mean that we are cut off yet, but things are not well in the benefit industry.

Would it be safe to say that investing in the mortician business is a no brainer?

Cary Spediacci 05.06.09 at 5:06 PM

Over the past few months, banks have been getting taxpayer bailout money. So has the auto industry. The toxic debt is still on the books. When will the government force the banks to get rid of the toxic debt at market to market value rather than holding out for days long gone? The interest rates to bank account holders has been constantly going down. I feel that the account holders of bank accounts are getting fleased twice. They are getting my taxpayer money for bailouts, and they are lowering the bank account interest rates. So, I feel that I am getting robbed twice by the big shots running the banks. Obama needs to get tough with the banks now before, the average citizen looses the wealth that we have worked hard for all our lives.

Judi Jeremiassen 05.06.09 at 5:06 PM

Hi Martin,
God bless you for your action on behalf of the “other half”. My deep concern is that the United States of America as it was created and we have been a recipient of will no longer exist. And socialism will take it’s place. This run away spending when there is no money in the coffers is absolutely unresponsible and appalling. We are putting our country in jeopardy and in a position (weak) that cannot be reversed. Even Bill Clinton if her were in office woud not go down this road that is being suddenly forged. What are they thinking in Washington. Obviously, not much. We NEED fiscal responsibility and those entities that have spent themselves into oblivion need to take their loses and let the chips fall where they may. Capitalism needs to be allowed to work. Will it be tough? YES but we will get through it and hopefully learn from past mistakes. We need to stop apologizing for our country and standing strong and united in the pursuit of safe borders and freedom from terrorism throughout the world.
Bottom line? I am abhorred at what is coming out of Washington and am committed to doing my part to speak out and be heard.

William Hobbs 05.06.09 at 5:07 PM

Martin, I read your advice years ago and sold my rentals and paid off my home and got rid of all debt. I have cash now and am just waiting for the botton wherever that is . I am buy no means wealthy but if I hadn’t heard about you I probably would be broke now. Thank you for your common sense views while our leadership has gone mad in Washington. You predicted GM bankruptchy a number of years ago.

Allan M. Harris 05.06.09 at 5:07 PM

Martin, thanks for your interest. What really bothers me about D. C. and those that supposedly represent us is: Our open borders and ports and the fact that we are
inviting another terrorist attack by adopting an attitude that if we are nice to them, they will be nice to us? What is the matter with those people in Washington, D. C.? We are dealing with animals that cut off heads if they don’t like what you say and believe. If we don’t meet them in the gutter, where they are, then we are going to lose this war. Providing ILLEGAL IMMIGRANTS with medical care, education and all the other services that our citizens are entitled to including Social Security is just plain madness. Further to this we cannot afford this. I am 77 and still working. Paid $120,000.00 in Federal and State Tax in 2008. I find it obscene that my tax dollars are going for this purpose and that there are those in D. C. that propose that these ILLEGALS get everything for nothing. What ever happened to dedication to Country and the people that sent them to D. C. to represent them. It all began with the dumbing of America.
The bleeding hearts have succeeded in their endeavor to dumb our population. We continue to throw money at an educational system that is beyond fixing. Martin, I can
go on and on, but you have better things to do with your time than listen to me. If I were 20 years younger I would move to Costa Rica and forget it all. I am so upset with
our elected reps. Where have all the patriots gone?

Allan M. Harris

Jim S in Texas 05.06.09 at 5:07 PM

Thank you Mr Weiss for doing what you are doing. Please know that it does not go unnoticed. God be with you.

Joseph 05.06.09 at 5:07 PM

The resulkts of the stress tests are undependable because the scenarios proposed for testing are arbitrary. I suppose they are chosen to make banks fail so that the gov’t can impose more bailout and get common shares so they can own the big banks. It is agenda of the left to make more big gov’t. That is proven by the gov’t resisting paybacks of bailout money. I believe gov’t agents were pressuring the Chrysler debt holders to sell out cheap to favor the unions as Obama does. Commercial real estate is going to suffer, but we need to listen to the pros to know how big it is. The banks have learned that they must be more critical of the would be borrowers so that those who borrow are able to pay back. That is prudent. Credit cards should be paid down in case people lose their jobs. The gov’t is suggesting people spend and the banks lend. That is like going up a slippery slope with one foot on the gas and the other on the brakes. It won’t work.

Beverly Hightower 05.06.09 at 5:07 PM

I’ve never had money to invest, except into the State of California for my retirement. As you know, we are in a lot of trouble out here, with Mexicans coming here to live free, and sending their wages back to Mexico. State tax increased to 8.25%. I am 77, and scared. I am worried about my pension and S.S. I have 2 disabled daughters, and one of them has already been told that she will lose $40 each month from her less than $800 check. I had no idea our Governor would stoop that low. I am outraged that Nancy Pelosi spends $300,000 of America’s money every weekend when she flies back to San Francisco. I am outraged that there is a Post Office in Yuma Arizona where Mexicans come across the border every month and pick up S.S. checks, when they have never paid into S.S. I also don’t know why nobody is allowed to say ‘NO’ to Mr Obama. He was born in Kenya. He can’t prove he wasn’t. Since when can a foreigner come to America and spend all of her money, sending most of it overseas? I guess you know that I didn’t vote for him, but I have to suffer anyway. Is there anything you know to do for me and my family?

Dan K 05.06.09 at 5:08 PM

I don’t think the politicians look out for us just to
maintain there status in the government and will
vote where they feel it would benefit them the most.
This bail out is a joke at our exspense.
Thank you Dr Weiss for your leadershi

Lan Shafer 05.06.09 at 5:08 PM

With the current spending, China and other countries are not willing to buy more of our debts. We are currently buying our own debt - how long can the US treasury sustain this? Will we last until 2010 with printing money and buying our own debt before the dollar collapse completely?

Doc Layton 05.06.09 at 5:08 PM

I see the writing on the wall. This country is on it’s last leg. My oldest son and I were talking the other day and he sounded really down and I ask him what was wrong and he said that He will see the end of the earth in his life time. He is 32. I didn’t know what to say, so I told him to just get the best out of everyday and drink heavily(I didn’t say that,But). What can joe blow do, hope it was Nov 2008 and we had not voted,Yet.

joyce gregory 05.06.09 at 5:08 PM

This will not stop until Obama is able to Nationalize the Banks, which is what he set out to do in the first place, he just has to make it look like something different. His big monied backers started this all rolling back in Sept and Oct, know what they wanted to do, but effectively placing the blame on GWB. It is nearly impossible to get a handle on how things will go, as the Market is not able to function naturally. Strings and being pulled………………….

allan garretson 05.06.09 at 5:09 PM

the bailouts was the stupidest way of handling the financial crisis. live within your means.
the stress tests are crazy, BOA does not need the $34b obama and his thugs are
trying to push on them. the fed reserve and the treasury know nothing about running
a bank or any other business. obama is trying to take over the auto industry and
give it to his cronies at uaw. obama has done more harm to this country than all the
previous presidents combined.

gary sage 05.06.09 at 5:09 PM

I HAVE TO ASK THE SAME QUESTION THAT Ed Saferite DID. WHAT WOULD THE EFFECT BE OF GIVING THE BAILOUT MONEY TO THE TAX PAYERS? AMEN ED.

Wanda 05.06.09 at 5:09 PM

I’m in a state of shock at what is going on, I’m disabled on S.S. it is hard to make ends
meet, why can’t the Auto.co. try to lives like we do? We need to put the National Guards on are border’s,Why keep giving money to the banks? they gave most of to
their Ceo’s as bonus
there is a old saying the poorer is poorer and the rich get richer and it needs to stop.

"Ben" - - A. Benton Edmons 05.06.09 at 5:09 PM

From my viewpoint it appears that we are seeing a world consolidation of banking (central banks finalizing control of industry and governments); that many of the “name brands” of banks on the streets may remain, but they will all be subsidiaries of three or four central banking families around the world. Are we seeing a consolidation into a world economic monopoly held by a tiny cabal of bankers?

My major concern is that of the leaders of the American Revolution and the writers of our Constitution and application thereof: Individual rights, respect for individual enterprise, Sovereignty, independence, free market, stable money (gold standard).

Are we seeng America turning to what Keynes described as “industrial socialism” (Mussolini’s “fascism”)?

A. Benton Edmons, newsletter editorialist, The Universal Democrat
Bellflower, CA, USA

HOIWARD HANDY 05.06.09 at 5:09 PM

First I waunt tio thank wess for all his good work.
my biggest concerns are social security, vetrans health care and the value of the dollar.
Our leaders(gov) are totally out of touch with how the majority of us live.

Stanton Geary 05.06.09 at 5:10 PM

You are to be congradulated on taking on this enormous task, as fighting the politicians is a thankless endeavor. I think people who fail should FAIL, and not be propped up and kept on life support at taxpayer expense. Nothing positive will come of it. On the negative side, we appear dangerously close to losing our reserve currency status which would be a death knell for the country you and I grew up in. My solution? ALL elected offices should be limited to two years, as it takes those clowns two years to learn how to steal with impunity, and by then they’d be gone. Secondly, no one elected should be received in Congress until they submit a paper stating that they passed Economics 101.

Mike Connors 05.06.09 at 5:10 PM

Hi Martin,
A word of thanks for your patriotism. I’ve been reading your book, and I am impressed by your devotion to this cause as well as fearful of the problems our country face.
My major fear is that our moneys value is being debased by the carelessness, lest I say greed, of our Government officials. Living on a pension is difficult enough without having to worry about the soundness of the dollar
Sincerely,
Mike

Paul 05.06.09 at 5:10 PM

I just wish the goverment would butt out of the “Free Market” or private sector. I worked for over 40 years in the Dept. of Defense, one of the few that are really needed, but politicians have screwed up even the DOD. Imagine what they will do to the private sector or health care???

Phylis Davis 05.06.09 at 5:10 PM

I’m afraid that Obama is watching out for the rich people no matter what. It isn’t our fault that the banks and car companies can’t manage their monies. If we the people did those sort of things, the Government would come in and tae everything we had with no thoughts about our welbeing. God Bless America and drew her nigh unto him.

Stan Bishop 05.06.09 at 5:11 PM

Thanks for asking.

When times are tough as they are now, put the illegals on planes and buses lilke Pres. Eisenhower did and put theire butts on their side of the border. Hospitals/clinics/ER patch them up and put them on a bus with ICE. Lock up business owners who hire them. Dump the drug sellers on their side of the border, don’t make us pay $40,000 to take care of them in prison.

Make an example of every Federal Senator and Representative who voted with Kennedy/McCain the last time and be sure every person in the state where those S&R get their votes know they should be voted OUT! If President Obama doesn’t get the message, make sure everyone knows what these trespassers are costing we taxpayers.

The war on drugs is costing us billions. Stop it and tax the living stuffing out of drugs like the Feds and States are with Cigs. Let all the drug sellers out of prison and close the prisons saving us billions.

Thanks for asking.

Rod 05.06.09 at 5:11 PM

Thank you Weiss for standing up and doing the right thing. I fear our country is being destroyed as punishment for out own personal moral incorrectness.

John Shaw 05.06.09 at 5:11 PM

Dear Martin,
It is troublesome to see the recycling of our currency. The Fed seems to be out of control with the printing presses running rampant and devaluing the Dollar.
Though not an expert in Economics, here is what appears to be the cycle of events over the last 10 years or so.
The Technology Bubble of the late 90’s popped, which led to the lowering of interest rates, which led to a Housing Bubble.
That then turned the Housing Bubble into ATM’s for Home Debtors.
The enormous rise in housing prices led Home Debtors to become enslaved to their mortgage(s).
They appear to have run deeper and deeper into debt, which is dangerous should the economy enter the cycle of a pullback (recession).
The pullback seems to have started to happen the middle of 2007.
Many people started to become strapped for cash and the Credit Bubble started to pop.
Now the Domino Effect kicks in and the banks being leveraged anywhere from 10 to 40 times their assets start to fold.
What troubles me the most is how these Financial Institutions have Created such a Complex system that very very few even have a clue how they operate.
What causes Fear? Last I checked, it was the unknown.
If you ask me, I would say these Bankers and so called Economic Gurus at the Fed are laughing at us all, Behind Closed Doors.
All that the average person knows, is what is coming in next weeks paycheck!
From what I can see, the Financial Institutions have us all at their mercy, because of the complexities of Finance most people just sit on the sidelines with nothing to say about how to solve the crisis because they just don’t understand it all.
Most people are starting to think that the Greenspans, Bernankes, Paulsons and Geithners of the World either don’t understand it either, OR they are just getting ready to stick it to us again!!!
My guess is the later, I mean this is these guys job, right?
I am at 49 years of age and had multiple derailments in my life time (Immigration errors that devastated my family early on and then the premature birth of my son which brought years of financial hardship), and due to constantly battling the current, I have a Disturbing Net Value of $5000 in a 401k and continue living paycheck to paycheck.
I have always tried to be optimistic, but now I have conceded the Hope of ever being able to retire.
I envision that I will be drowned in the Tide of Debt that will be hitting our Country, in the form of MUCH HIGHER TAXES, in the not too distant future.
My wife was a stay at home Mom and then had a stroke a few years back.
She is unable to collect any disability, since she didn’t contribute enough into the system, due to caring for my son and then the stroke.
I was counting on her being able to bring in an income once my kids reached adolescence, now…
I have worked for 31 years, collecting unemployment for 1 WEEK over that period.
What I would like to know from you, is what happens when the printing of this Fiat Money starts to work its way into our hands and causes Hyper Inflation (Without my Paycheck Hyper Inflating), which consumes my purchasing power once again?
Why doesn’t the FED set interest rates at 5% and leave it there permanently.
Let the Markets adjust Naturally.
Any advice for me personally? I make $50K a year but I am unable to save, as money seems to just evaporate…
Thank You for your time,
Sincerely,
John Shaw

Elizabeth Romesburg 05.06.09 at 5:12 PM

Geez ! Martin !
I’m not even in the same league as these other folks making comments.
I paid my rent with my “stimulis” at tax time. I get $79.00 a week, unemployment, try to pay rent with that !!!

Nothing but praise for hard work !! God Bless You, Matin!!!!
Elizabeth

Joy Traylor 05.06.09 at 5:12 PM

My concerns are the Senate and House are out of touch with the people they represent. They are passing bills without reading them and putting our country into terrible financial state. My grandchildren will have to bear the financial burden because of the idiot’s that are in Washington today. I would like to have my old country back. I do not want to live in a socialistic society. As a senior citizen I wanted to retire one day and enjoy my retirement. I am afraid that all of our rights will be taken away. I thought we were supposed to live under our constitution? May we bring God back to America where he belongs and we need to protect our unborn babies. God help us.

Pedro Salas 05.06.09 at 5:12 PM

Martin, it is incredible to watch this market go up day after day, all the while it appears the insiders are selling off their stocks which makes the stocks even more active and the suckers keep buying and a hoping that the bottom is in and all is well. I bought into the inverse funds before/to early I needed to, but I thought the signs were all there. I have been sitting in SRS and FAZ for a while waiting like a Tiger on the hunt. I believe myself to be in the right position, regardless of my early timing.

Your comments are greatly appreciated.
donpedro

J H 05.06.09 at 5:13 PM

You know, when I’m overextended and can’t make my bills, I have to suck in the gut, tighten the belt and make sacrifices to make my obligations. It means something to me to DO that! In the meantime I try to save for the ol’ rainy day. Somehow, going on a spending spree does not help me at that time. How does an overextended government think spending trillions of dollars (that we don’t have) is going to help the matter? This is so fixable it’s laughable. Let those who can’t compete, fall. Restore the regulations the Clinton Administration stripped away and let the market clean up the mess and dispose of the carcases. But it’s not about fixing anything, it’s about control. And the first thing you need to control the people is crisis. Make them so desperate they’ll do anything to eat. This crisis is the perfect storm for those who would throw the yoke of socialism around our necks…and we’re making it easy for them! I hope we’re all waking up now! Mr. Weiss, thanks for your efforts! Keep up the good work!

Bill 05.06.09 at 5:13 PM

Cant even begin to try to count the years that I have followed the advice of Dr Weiss. But I have learned over these years that even though I may not be able to see or agree with what is written that one goes off ignoring that advice at your own peril.
What I would like to see right now of the current crisis is to stop throwing billions and trillions at every weakness even when the problem has mostly been brought on by the ones that have created this mess in the first place. I dont live in a dream world at age 76yo so I really dont expect to see this happen with the current powers in place. Im just trying to survive as long as I can financially with all of the cash that I can get my hands on!

Delilah 05.06.09 at 5:13 PM

I’m totally and completely outraged at what’s happening to this country!!! We are losing our freedoms, our Constitution, Bill of Rights and Declaration of Independence. We are being robbed blind by the international bankers!! I am more than convinced that the Federal Reserve is to blame for our economic problems! According to Bloomberg and Associated Press, 14.8 Trillion have been stolen in these bailouts!!! That’s more than our entire GDP and then we wonder why we’re in a Depression!! No wonder why people are joining the Ron Paul Revolution and joining infowars.com and why they are trying to shut down the internet. A long time ago, our “money” used to be backed up by gold and silver. HR 1207 that Congressman Ron Paul has now 124 co-sponsors to audit the Federal Reserve which has NEVER been audited and they dare to tell the American People to “kiss off” on where the bailout money went.

Dennis and Valerie Moriset 05.06.09 at 5:14 PM

Good afternoon, Martin! We thank you for having the intestinal fortitude to stand up to Congress and tell them what we all wish we could say. Stop giving away OUR hard earned dollars to those who didn’t earn it. Why do they reward a bank or auto maker for their mishandling of their funds? Why do I have to pay with my taxes so someone can own a home because “everyone has a right to own their own home”. Ever heard of renting a home, apartment or condo until you saved up enough for the down payment and had the income enough to make the monthly payments. We did and that is why we have a home after being married 23 years before we could afford to own our own home. If we did, they can be patient and do it the way we all, who own their home, had to do it. What’s up with this socialistic mindset of the Obama administration? That don’t call it an Obanation for nothing, wouldn’t you say! Talk about fair and equal. They are being fair and equal to us. And they have the audacity to call us right wing terrorists!

Bill Allen 05.06.09 at 5:14 PM

Thank you for delivering are message. I believe we need a product based economy. I am tried of hearing from are politician that these job are lost for good. It is like Hamilton said no Nation is free without having heavy Industrusty which we have surrendered to the communist government of China and other third world nations. We need politician like are for fathers were. We need tax free zones for new business to start up and low interest loans for business to expand in new equipment so they can compete. We need to promote American made products made in America not over seas. We need to reward people for investing in America not take from them. Lower taxes create job’s not larger government.
Thank you
William Allen

Ruth Lawler 05.06.09 at 5:14 PM

There is NO doubt Obama and the Demorat Congress are destroying our nation. The question is, how do we get rid of these abominations? How do we take back America?Obama is Not a U.S. citizen and should be removed from office as a usurper. That leaves us with Biden-a pathological liar, an out of control Congress, and Obama’s staff of crooks and tax dodgers. We need some constructively brilliant ideas on how to permanently undo all the harmful legislation that has been illegally signed into law by the fraudulent U. S. President. We need to get rid of Obama’s crooked cronies and undo the laws now void that his people passed, making sure that Congress does not rubber stamp them again and pass them under Biden. How?

Judy Doucette 05.06.09 at 5:15 PM

Since I am an IT Professional who has been out of work since mid-January and still am not hopeful of getting back to work anytime soon, I think the Banks and Wall Street will both be disastrous. It is like the true working class is being dealt a two banger… more lost jobs due to the push for Cap and Trade and outrageous taxes. Now the predicted housing crash II will probably finish me off since I’m now behind on my mortgage. As far as investments, you have to have an income to invest.

Bill Ford 05.06.09 at 5:15 PM

When the bank stress tests result in the call for more bailouts the government will use this to finish nationalizing the large banks just as they have done with the stock at GM. They then will compel the smaller banks to join. Just using the same strategy as his buddy Chavez did in Venezuela.

Tom 05.06.09 at 5:16 PM

I don’t think the U.S. can be saved. The Ship of State is below the Bridge and listing badly. Five issues Must be accomplished or the Game of Freedom is over, substituted by Fascism. We’ll be gone however. We’re leaving the U.S. It’s not the country I spent four years in WW II defending. What Must be done? No other issues are even close.

1. Repeal the 16th Amendment to our Constitution.
2. Repeal the 17th Amendment to our Constitution.
3. Bring back the Monroe Doctrine.
4. Throw the U.N. and its trash out of the U.S. and get U.S. out of U.N.
5. Obama is not a Lawful President. Throw him out. Suits are in progress that
will accomplish exactly that, I hope. Any of these likely? Not a one of them, so take
personal measures to protect yourself. The Freeloaders are going to win until
productive people and industriess leave. I guess you can live from Printing Press
Money for awhile, but not forever. Will some sixty trillion debt ever be paid? At age
88, Not By Me. Smile.

SELMA HYMOWITZ 05.06.09 at 5:16 PM

BESIDES ALL THE ISSUES YOU MENTIONED I AM VERY WORRIED ABOUT THIS NEW THING TO KEEP THE PRESS QUIET, ONLY IF YOU ARE A LIBERAL CAN YOU SPEAK YOUR MIND. IS THIS RUSSIA

Jean Borden 05.06.09 at 5:16 PM

I am concerned about so many things the administration is doing, I don’t know where to begin. The bailouts? Idiocy! A lot of small businesses are beginning to recover, by cutting expenses, while the “fat cats”, the banks & AIG will never stop whining for “Moah!”…I resent the fact that Obama says we’ll send millions to treat sick people in other countries, when health programs are being cut here, while there is talk of Universal Health Care, which would be a huge boondoggle, and benefit no one, but the government. The immigration problem! Gitmo! I’m just hoping we can hang on until Nov. 2, 2010, when we can vote all the spendthrifts out of office.

MYRON & KATHY JOHNSON 05.06.09 at 5:16 PM

Thanks for being our voice in these most trying of times. Our concerns are many, but to sum them all up is simple. Our government officials are spending money that we don’t have, and possibly never will have. Their only motive is that if everything collapses around us, they will be immune from the losses and still be strapped to the american workers backs. I just hope and pray that the ongoing tea parties will have some impact on important changes in our Capital. I don’t want to get started on the border issue’s so I will save that anger and concern for another time.

martin "Bill" Guilfoil 05.06.09 at 5:16 PM

met you and your great dad in a money show in SanFrancisco and your dad and i had quite a visit wow what a wonderful person and your a chip off the old block am disturbed with Obmism and Barney franks dodd et etc want America returned to the people and your leading the way thannks a million sincerely Bill Guilfoil

Joseph Stakun 05.06.09 at 5:17 PM

This whole economic “disaster” in my opinion, has been planned and created for the day the democrats took power. I feel that this, so-called, “crisis” is intended to bankrupt all of us so that we will be beholden to the government. I have no loyalty to the present administration who are a bunch thugs operating outside of Constitutional limits. They are destroying the United States of America and the rest of the world.

marguerite grosser 05.06.09 at 5:18 PM

My concerns are many as our country heads rapidly toward collectivism and the
Marxist redistribution of wealth. Please read Ayn Rand’s classic “Anthem”. All the “tax and spend” by Obama is totally out of control. Eventually, the money will need to be
repaid just as it was in the housing crisis when people spent more than they could repay.
If our govn’t. increases the tax burden on those who drive the market by creating jobs and consuming goods, jobs will be cut, spending will be drastically curtailed, and
charity will certainly begin at home. You do not punish those who have been successful
and in doing so encourage creativity, ambition, risk taking, and great accomplishments.
Our forefathers would turn over in their graves if they saw our blatant disregard for
the Constitution which is to protect us from govn’t. abuse and power. As long as
our country is full of people who are looking to vote themselves free “goodies”,
we do not stand a chance to preserve our capitalist society. I also highly recommend
that everyone read Anne Wortham’s letter “Dear Americans”. It is right to the point.
I fear for our country. This is the wrong kind of “change”. respectfully submitted, m. grosser

Robert M Ausburn 05.06.09 at 5:18 PM

These bailouts are helping no one in need in our nation. We need to make a stand and thank God we have people here willing to do so. I our government wants to print money and bail out the banks and big 3 what good is it going to do for us who have been laid off for 6 months and barely getting buy getting further and further behind? Bail us out for Gods sake and the banks would not need the bail out money we would pay our bills and maybe have enough left over to buy a car and help the big 3 I could go on and on but Thank you Martin Weiss for all of your efforts and continue and God Bless. Also note to fight for our 2nd amendment. Guns do not kill !!! People Do we have the right to protect our self.

John Amis 05.06.09 at 5:19 PM

Martin: A quote from Russell Long, Democrat, Louisiana regarding Social Security: “Social Security is nothing more than a promise to a group of people that their children will be taxed for that group’s benefit.” What we’re doing now, of course, makes the problems with Social Security and Medicare (5 times the problem) look like Ned and the First Reader.

Bill Mullins 05.06.09 at 5:21 PM

I’m a Korea vet who taught physics and engineering for several years, another 25 in weapons systems development, and was raised during the Great Depression. You are a credit to your PhD and rational thought, the kind that seems to be lost now………………….I truly thank you and all of the fine people in your organization for their reports. Bill Mullins

Ruth Lawler 05.06.09 at 5:21 PM

We need some brilliantly constructive ideas on how to get rid of a fraudulent President who is Not a U. S. citizen. All the laws passed under his reign would then be void. How can we keep Biden and the Demorat Congress from passing them again?

warren 05.06.09 at 5:21 PM

thank you for all your work.
glad to see people stand up and be counted.
59000+ whow
sounds like the kind of people at the tea party april 15th
let us do the same on july 4th

warren

leon ospovat 05.06.09 at 5:21 PM

Thanks for your untiring efforts. Your prognostications have proven to be incredibly and substantially accurate for the years I have been subscribing to your publication.
I think our administration is crazy and will lead us into an even more disastrous financial state.
I will follow my fathers advice( I am now 85yrs old ) never to get into debt.
He said if you do not have enough cash, don’t buy. I grew up in South Africa, where the depression lasted virtually until the 2nd world war. That background taught hard lessons, and I am afraid that many modern world citizens will now have to learn the lessons forced on us in the twenties thirties and early forties.

Allan 05.06.09 at 5:22 PM

Last week tiny tim extended the TALF (?) to help out CRE.

Do you think additional bailout will help these institutions / companies from falling off the cliff? If so, how will it affect SRS or other companies that’s heavily leveraged into REIT?

Thanks!
Allan

Wesley J Leake 05.06.09 at 5:22 PM

Martin / Grassroots,

I have been trying, without success, to find some lawyers organization that was patriotic enough to file as many lawsuits as possible challenging the constitutionality of most of what is going on with the citizenry’s money AND freedoms. I am not totally surprised since lawyers, in large measure are the problem, not the solution, but it seems like there should be SOME patriotic firms or individuals out there.

Do you happen to know of any I may address my thoughts to?

Wesley J Leake

Sam Lasley 05.06.09 at 5:23 PM

Markets correct, and overcorrect and have done so for years. All of this Obama stimulus pork is unnecessary and unproductive. We should never have elected an unqualified Chicago thug as President. Let the markets work and get the hell out of our grandchildren’s pockets.

"Ben" - - A. Benton Edmons 05.06.09 at 5:23 PM

Joyce Gregory is right, but incomplete. This economic fiasco started in the 1890s (Morgan, Rothschild, Rockefeller), was formally initiated in 1913 with the Federal Reserve practice of “fractional reserves” fiat money, and is culminating now with the 20 years of combined Bush 1, Clinton, Bush 2 and Obama collaboration Administration. The only real change (other than window dressing faces) in administrations has been an acceleration of the agenda of the past 20+ years, regardless of whether Democrat or Republican, “conservative” or “liberal”.

A. Benton Edmons

WR Mayberry 05.06.09 at 5:23 PM

What about insurance companies ? I still have my GI insurance from WWII. Is it safe? My wife and I also have METLIFE long term care. Will it be there when we need it?

Arlington Kennedy 05.06.09 at 5:23 PM

My concerns are: Our elected officials are completely clueless about anything. We have a problem with illegal aliens in Arizona, yet we have idiots in Washington wanting to grant them amnesty while millions of AMERICANS are out of work, how stupid is that?
When I wrote to a certain Congressman from Arizona asking him to support the “English Only” initiative in the United States, he sent me the inscription from the bottom of the Statue of Liberty, which has nothing to do with English only?
I wanted to retire this past January, but I couldn’t. Only because I could not use the VA Hospital and would not have had Medical Insurance or Hospitalization. I was not injured in VietNam, but I did serve this country HONORABLY and with pride, but yet an illegal alien from mexico can get free Health care, paid for by me and other taxpayers. I am a pissed off American.

Joe Birdwell 05.06.09 at 5:24 PM

Martin I appreciate all that you are doing to represent your many subcribers by delivering the petitions, however, the interviews with the “drive-by media” seems fruitless as they are sided with the Barrack Hussain Obama administration and refuse to report (without filters) the 50,000+ who are voicing their opinion.
I realize that the conservative networks are lacking credibility, however more and more Obama voters are waking up to the fact that the promised “Hope and Change” is not being delivered–or at least in the fashion that they anticipated. Your efforts need to be reported by a cross section of media i.e. Fox, Glen Beck, Limbaugh, Huckaby, Hannity, etc.
Any American who is paying attention has many concerns about the direction that the radical Left is directing their agenda. We as individuals feel hopelessly helpless to have our voices heard, however, your efforts and your standing in the financial community can represent many of the voices that go unheard. I simply feel that the message needs mass distribution rather than a select few media outlets that are really not interested in reporting the true facts. This could include buying a full page in some of our Nations leading newspapers i.e. the Wall Street Journal, NY Times, LA, Chicago, Dallas, etc.

Carlos 05.06.09 at 5:24 PM

Thanks Martin!
Let us audit the Federal Reserve Bank! Let us find where the money from all the bailouts is! Let us get all the crooks who created the mortgage crisis and the derivatives/swaps swindle! Let us get the FBI in action! The Madoff Ponzi scheme is nothing compared to all these three gigantic frauds.

Sue Wolfe 05.06.09 at 5:24 PM

My concern is how Obama is spending all that money which I feel taxes will go up because of it. Also, letting immigrants in to live here and pay for them too which will affects those on Social Security who earned it by working. If we support the immigrants who never worked here, this surely will affect our Social Security Checks. It doesn’t seem fair to the US citizens. How do we know, that Obama isn’t letting in enemies to our country and one day they will over take us like Rome was over taken by the inside! Wake up America before it’s too late for our country!

mitch 05.06.09 at 5:24 PM

Decisions in Congress should be made for the greater good. Not the greatest greed.
With only 5 or 9% of our elected officials actually doing any good, what is the point?
Put the rest of them in jail with Made Off, and get some bright honest people to do what is right. If not, eat the rich.

ron 05.06.09 at 5:24 PM

as for the unemployment issue here no one says anything about the people who cant resign up for unemployment benifits my unemployment ran out an i still have no job for future times, my outlook is geting bleeker an bleeker im almost homelss now im out in couple months an then i live on vacant homes or streets, or cars, wereever i can i sold all my possesions, now except have few clothes left, an not many companies hire older people even if we do good works an many hrs an cant go to temp services they only hire mexicans an other illegals so i just sellin candies on corners to make a few bucks for to eat, i dont do drugs, i or drinker type man all i ever wanted was to have a job does anyone knows what that is cause most jobs over seas now in india or china, an steel in canada an japan an china, heck we lost all our industrial to overseas countries, because of unions an greedy type executives her in the great u.s.a. we did it to ourselves tho we let free trade get all the good jobs overseas, for tax cuts, an to make matters wose there many more like me out here an no one cares so wen i here unemployment goin down or up no says about the guy who cant get jobs an lost his unemployment stuff, i cant even get medical or dentals, or job because of race or age discriminations, i cant even get a janitor job who cant empty garbage but i get letter back from roadway that i was over qualified can u belive this over qualified to empty garbage an cleen an mop floors, is this crazy or what, but it is wat it is, so much for the new changes here in the u.s.a. only change i see is wat i beg for from strangers, while the rich greedy wall street guys an bankers get all the money to get richer, an they get no jail time at all for thier corupt practeses, i cant belive we in this mess that the rich put us into. an get away with it always , as it is sayd only the poor or middle class go to jail not rich peoples, and obama helpin these guys get richer, he play it off as the great leeder buit to me hes just a conivine guy who will hurt american workers in the end, even i.b.m moved to india after obama an company gave them bailout money, hes more part of problems then a fixer of our problems, hes another sellout president, only helpin other countrys not america an americans will pay ultimate price for his handy works, its us workin class americans that will suffer the most, not the rich , so wen there is a revolt count me in fast maybe then ill be able to work, at leest its a jobs that cant be sent over seas, an then we got the mexican border all open an drugs comin into our country like water, an illegals takin our jobs or jobs sent to other countrys,

Richard Scott 05.06.09 at 5:24 PM

I am concerned with the circumvention of the normal processes of capitalism, as we have known it, and the erosion of the value of savings and future savings. Aside from the financial concerns I am concerned with the moral deviation from our classic moors of generations past.

Marjorie Martin 05.06.09 at 5:25 PM

Thanks for all you’re doing. Unfortunately, this Demo/Socialist Party now cotrolling D.C. has us captive and are doing as they please - playing fast and loose with our Constitution, our religious freedoms, our rights of free speech etc. Nowhere did the American citizens (and taxpayers) say we would repay Obama’s favors to the unions, ACLU, Planned Parenthood, ACORN etal. He made those commitments; we didn’t and this destruction of our future children and grandchildren needs to stop RIGHT NOW. What our country needs right now is to remove every Demo/Socialist by means of impeachment - or whatever it takes. We can’t allow the United States of America to continue to be destroyed as it has been in the last 100 days.

And I’m NOT a radical, right-winger or a terrorist. I am a true and loyal patriotic “Proud to be an American.”

Delma Jones 05.06.09 at 5:25 PM

How can our Congress and the White House possibly justify letting the bank and other companies use taxpayer monies to bail out billionaires and millionaires and then face us with the news they will be denying any cost of living increase for the next two years in our social security payments? I thought the money in the Social Security “Trust?” was our money and if they deny us our rightful payments aren’t they also stealing from the poor and giving to the rich. Somebody please ask them this question. Whose money is it in the Trust fund, the governments or the citizens of this United States??Many elderly retirees are now trying to help their families who are out of jobs in addition to trying to keep up with the ever increasing cost of food, drugs, and health insurance.

Eric 05.06.09 at 5:25 PM

Based on all of the comments above and your insight, I would say we can all see where things are headed and it is not good. All this spending, bailing-out and growing government spells disaster. Realistically I think companies that make tangible products that people find either enjoyable, useful or especially necessary and have sound business practices and ethics will weather this storm and be the ones to forge the recovery.

Lauren 05.06.09 at 5:26 PM

I’m 87 yrs old. Thank You for delivering my concern petition for my grown children & my grand children. They will have to live with this mess! I wish you success.

Larry Averill

Tom R 05.06.09 at 5:26 PM

Unforunately, this biggest concern that I have, no one seems bold enough to persue publically. And that is the very real concern over how in the world we even begin to think about reversing all the serious attrocities already committed by the Obama administration.

What I’m referring to, is the extreme likelihood that evidence overwhelmingly shows, the Mr. Obama (no, I will not refer to him as President) was not, and is not even qualified by our own Constitution to occupy the office he is most likely usurping. I take this VERY seriously, and wish that more folks would open their eyes and see the dangers we truly face, if this is allowed to go on.

The real problem is, all documents signed by Mr. Obama since January 20, may very well be null and void, not even worth the paper they are written on, and the world knows it. Russia, China, all of Europe included. This should be the only issue at hand before all else, and for whatever reason, main stream media and our own appointed justices refuse to acknowlege the need for Mr. Obama to come clean. I believe the reason is clear: he cannot.

I am sick and tired of the lies, deceipt, and forced “photo ops” all in the name of “real change”. This is one of the lowest points our nation has ever stooped to, and until this is made public, addressed, and properly vetted, it will not go away.

Thanks for all you do. Well, can you step up to the plate on this one? I have trouble believing that it’s just me that feels this way. I want my children to be able to be as proud of this Nation as I have always been, but honestly, we give them very little to be proud of, or to even look forward to. This man HAS TO BE STOPPED.

Todd Budde 05.06.09 at 5:26 PM

I suggest we start this as a “grass-roots” movement. I believe it reaches across party lines and certainly is, what I believe, most of those swing voters would agree to.

Truly, it’s not a party thing. I believe it is “Common Sense Approach of Governing”.

Candidates would have to support putting these laws/constitutional amendments into place.
• Compensation plan – politicians pay into Social Security and a 401K like the rest of us. Forget about the current retirement plan where they get a government pension. If they run for office, it’s not for the money or power. They do like I am doing right now and like you are doing as you are reading this long freakin’ thing! They invest some of their time because they care. Because they want to keep this the best country in the world. At least they’d be getting a 6 figure income while doing it and would have options when they are done after 8 years! That should be enough!
• Term limits – It’s not about winning re-election. Eight years and you are done! They can stop worrying about getting re-elected and do the job they were hired to do!
• Corporate regulation – rules put into place that will make mergers more difficult. No merger can A) create a monopoly and B) they can’t make themselves “too big to fail”.
• Lobbyists - Outlaw them. Period. Do away with them. Government needs to give their ear to the people (their employer), not the lobbyist. Use the internet to find out what their people want.
• Campaign money – Once the parties choose their candidates for presidency, no campaign money from the private sector. Each has the same amount to spend and it comes from our national budget.
• Fiscal Responsibility – Like our own household – we stay within a reasonable budget – if we can’t afford it, we don’t buy it. If we are over-budget, we cut back.
• Take a position – All candidates who want to have the support of the people who believe in the “Common Sense Approach of Governing” must not only support the 6 issues above. They must also take a position and let us know how they stand on key issues. Those key issues include, but not limited to: Abortion, Abortion late term, More restrictions on Fire Arms, Socialized Medicine, Stem Cell research, Prefer America to be a socialist Nation, Prefer America to remain a Capitalist Nation, E-Verify, Sending illegal aliens back to their country. (Each candidate wanting our support must answer with one of three choices, 1) Support, 2) Don’t support, 3) Not sure. The “not sures” will only have a short grace figure to get off the fence.

NICK ORLANDOS 05.06.09 at 5:26 PM

When and if inflation hits what will it look like and how fast will it hit. Will we revisit the Carter years or will it be something different. What do you think the difference in severity will be. Besides long term bonds in a period of high inflation that you have eluded to, what else should we look to for profit. Thanks to you and your father for your wisdom.

James G Canady 05.06.09 at 5:27 PM

I am also concerned about the backdoor approach to gun control. Just this week I received an email trying to sneak this thru. Plase follow up on this.

Jon Weiss 05.06.09 at 5:27 PM

Well, we gave Billions to Chrysler, and they are bankrupt, We gave billions to GM, and they are now going bankrupt, both are defacto “nationalized”. several of the banks are in the same shape. AIG was given billions and they handed out bonuses to the people in the company who caused the failure. Enough is enough. No more bailouts, no more taxes to companies. No more stress tests. If the corporations succeed or fail they do so ont their own. The only involvement that government should have is if these comapnies do go bankrupt the government should investigate after the fact and prosecute any illegal activity by the company executives. I only post these comments in an off hand manner as I have little stake in this furball. I have been out of work since September 2008, and no one in my area is hiring. Unemployment is about to run out and then I’ll most likely be working at minimum wage at any place that will hire McDonalds is just around the corner. I suppose three college degrees might just qualify me to flip burgers.

miguel 05.06.09 at 5:28 PM

Hi,

Do you have an advise for people that have only $1,000 available for investments?

Thanks,

John 05.06.09 at 5:28 PM

The stocks are rising because stock markets are 9 months ahead of what is happening; private investors DON’T move markets, but institutional ones do, and they have been plowing money back in for the last two months. Auto bankruptcies, job losses, bank underpinning are all bad news to us but ‘good news’ for the contrarians, and value purchasers and the like. A lot of good quality stocks were sold off by institutions by way of record mutual fund redemptions… and now they are all going back in. Not so sure its all doom and gloom because a 30% rise in stocks in two months will naturally trigger a selling effort. Who gets left holding the bag? the average retail investors who are finally thinking, everything is OK happily providing the liquidity for the institutional players to ‘get out’.

I am surprised that, the staggering amount of money in losses, job losses, financial stimulus, the 6% annual contraction rate in USA, and the almost 12% annual contraction rate (basically mirrored in western Europe and Japan) the last 2 quarters, hasn’t got people running for the hills. Nevermind the problem of commercial real estate that is inevitable with job losses and lower corporate profits.

James G Canady 05.06.09 at 5:28 PM

Keep up the heat on the bailouts.

Sheryl Snow 05.06.09 at 5:28 PM

Dear Martin:

I am very honored to be a part of the Grassroots effort! Thank you so much for delivering our signatures and being a watchman on the wall in DC.

One of my greatest concerns is the march our govt is taking toward socialism. BO, of whom I have NO respect nor his title, is doing his determined best in avoiding our Congress by going through the back door regarding the Fairness Doctrine. I’ve contacted the FCC regarding the May 7th session on this subject.

Another concern is the fact BO has made our country less safe by reducing our weapons in a crazy, nuclear world. Additionally, he has placed our faithful ally, Israel, in a precarious position by not protecting her missile shield and by placing conditions on Israel re more land for “peace”. It won’t work, it hasn’t worked and this plight sickens me as a Christian and a citizen of America. BO is more than happy to appease and apologize for the U.S. to the remainder of the world, however, and the liberal press is not holding him or his administration accountable for his actions.

Cap and Trade and Universal Health Care causes my blood to rise to the point I have to stop listening and reading about our insane economic conditions at times. Next year will bring a whole ‘nother set of depressing taxes. Perhaps those who voted for this man will have more insight into BO’s damaging politics but it’s dragging the remainder of us down with them.

HR 1913 Hate Crime is another deep concern. I most definitely am not “politically correct” on this issue.

BO is not attending the National Day of Prayer….a lesser issue for me if he’s trying to remain “neutral”….but his lack of attendance is most telling.

Thank you for allowing me to sound off. Keep the emails and alerts coming and I appreciate all your efforts in keeping us properly informed of the issues of today.

Sincerely,

Mrs. Sheryl Snow
Fort Worth, TX

Greg D 05.06.09 at 5:29 PM

Thanks to you I have invested in SRS and SKF (double reverse real estate and double reverse financial ETF’s). They are an even better buy now then when I bought them, but I still expect to them do well once the comercial real estate market tanks and takes the banks with them. I don’t think the government will be truthful with the bank stress tests but that does not really matter as reality will hit all the same it is just a matter of time.

Ron Moorehouse 05.06.09 at 5:29 PM

Dear Matain,
All of what is happening overwhelms me including the spending.Everything that i have beieved and upheld as an American along with the hopes and dreans that I have had for my life and my grandchildren are going upside down.I knew it when Obama stated during elections that”We need to get up-shake offg the dust and remake America!” He considers the Constitution an old creation that has been outlived and he intends to remake our nation by his socialistic views.Surpriising enough he had enouh idiots like him in Congress that got elected also and are supporting him……I am outraged at any politician-Dem or Repub..they are bot bad for us.We need some way to get rid of the politicians and get us some representatives of the people.We are in dire trouble unless we can wake up the real Americans and get then to act,

One problem that i see now is that in an attempt to educate and to be heard we have too many different groups going at it.We the public are overwhelmed to keep up with it all.I hear daily from 20-30 different news sources about the problems and each wants my involvement.That is a frustration and load to keep up with as a working family man.I cant spend hours on the computer and watching and listening to TV and radio.Issnt there a way to pull together as a common concern(Get rid of Liberal control) and all come togther as one big force.The typical American is confused and being bombbarded with so many contacts..They are all good and correct like yours,
(By the way we must organize as concerne Americans-not Dems ot Repuiblicans.The Republican party (and Bush) have failed us too.The area republican Party tried to benefit from our Tea Party activities to get voters as republicans….We must pull together as Americans-neither psrty favored-who want less government-by the Constitution-freedom- the government out of our face as well as private enterprise.
We have to stop this battle between republicans and Dems.We are sick of it.We the people want our country and government back……)

I appreciate your knowledge and effort to help us to uinderstand what Obama is doing…keep it up! We need a big effort to pull together in one big presentation guys like you-talk radio-and many others who have the truth-who can communicate it to the public like Limbaugh Beck Hannity etc. What would be great is some forum where these people could debate Obama and his group.The talking points would get stopped.

Anyway thanks

Lewis (aka merrill) Markham 05.06.09 at 5:30 PM

Dear Martin.
Am very gratified that you are willing to beat your head on a stone wall (read congress).
I certainly hope your efforts bear fruit. I am standing by with inverse ETFs when it hits the fan. By the way, I was wondering why no one has mentioned two ETFs that are the equivalent of DXD and SKF; namely DPK and FAZ respectively. They are cheaper and they seem to change at a higher percentage dollar for dollar.

Merrill Markham

richard 05.06.09 at 5:30 PM

TRUST GOD DO NOT BE AFRAID HUG AND KISSES RICHARD

William Nordmark 05.06.09 at 5:30 PM

I may be wrong but I think we are throwing good money after bad as far as I can see. I say we don’t loan them any more money because the economy will rebound in a year or so.

gary sage 05.06.09 at 5:31 PM

HHOW ABOUT A 20% CUT IN PAY FOR ALL OF THE CONGRESS AND THE EXECUTIVE BRANCH OF THE FED GOV. THIS WOULDN’T SOLVE OUR PROBLEM BUT WOULD SEND A MESSAGE THAT IT IS TIME TO WAKE UP AND RUN OUR GOV. AS ALL OF US SMALL BUSINESSES HAVE TO. I SAW THIS DONE IN MY HOME STATE YEARS AGO AND THE RESULTS WERE AMAZING. SPENDING WENT DOWN AND MORE WORK WAS ACCOMPLISHED. STRANGE BUT TRUE. IT IS SURPRISING HOW SMART PEOPLE CAN GET WHEN THEIR PAY DEPENDS ON IT.

Barbara 05.06.09 at 5:32 PM

Martin: Thank you for all of the helpful advice you have given. My husband is very much a skeptic and is still very heavily postioned in cds. A lot of the banks in our area do not have good Texas ratings due to the downturn in the houseing market. We are in our late 70’s and I don’t know how to advise him as to what is the best postion for us to be in at our age. I would appreciate any advise you may offer us at this stage of our lives. Thank you.

thomas parker 05.06.09 at 5:32 PM

the federal reserve has been the problem but it appears to be the solution for many including obama and congress. i fear we are all on the edge and in grave danger of losing the constitution and our nation just so bernacke and others can live in big houses they do not need and cannnot afford.
thomas m. parker, m.d. (age 67)

William L. Hawkins 05.06.09 at 5:32 PM

I have been trying to get a grant ($500,000.00) to build homes for the Handicap. I sent my Rep. Jerry Lewis a letter with a reply from him to get a Small Business Loan. I faxed Senator Barbara Boxer asking her to find out who I could talk to. No answer. I could put 100 to 125 (including sub contractors & their helpers) people to work for approx 6 months & if I could sell the first few houses I could keep those people & the sub contractors busy longer. Do you know how I could get a grant? I have been in construction since I was 15 (i’m 75) & have been in business (in California) for 32+ years. Please help me do this. Handicap people are left out of everything.

Thank You;
Les hawkins
Les Hawkins Construction
Contact #: 760-961-7215

Robert L Staecker 05.06.09 at 5:33 PM

why when everone says the one thing that caused all of these problems was giving mortgages to people who could not afford them, it was because the law was changed, and bill clinton said publicly that he administration was the most responsiable, now . why are we giving all of this money we can not afford with out changing the law?????? this is just DUMB!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Robert Baareman 05.06.09 at 5:35 PM

I am offering an observation prior to asking a question. My observation is that we are heading for a train wreck never before seen in the history of our nation, greater than the great depression because we have known socialist running our nation with out a source to stop them. certainly Republicans are impotent, who else is there? Is there really any thing we can do? I am resigned that all is in God’s hands and God is dealing with America as she should be dealt with based on all that is being done to remove God from every corner of His nation. 50 million plus babies murdered, homosexuality running rampant, immorality never before heard of, schools dismissing students for mentioning God’s name verbally or any other form of overt expression. Is it time to step back and let God do what He has to do to bring America to her knees?

Ann 05.06.09 at 5:35 PM

This post to James G. Canady: about the gov..trying to takover Smith and Wesson and SNEAK through the back door.

http://logisticsmonster.com/2009/05/04/rumor-smith-wesson-too-big-to-failyou-know-what-that-means/

Jake Curtis 05.06.09 at 5:35 PM

I do not ever remember anyone borrowing their way out of debt & I personally do not think I ever will. Mr. President please do not speak for all America when you do not take time to ask us our opinion? Thank you for reading this! Jake

marie williams 05.06.09 at 5:35 PM

Yhank you for going to washington and taking on the concerns of all of us.. My concern is the job market and the soaring forclosures here in Nevada.. My son and other friends for months trying to get jobs only to see hundreds waiting on lines trying to find work…. this spending is outragous trapping all of us now and way into the future…. everyday this administration is taking us down the path of socialism or worse yet communisim… as a senior citizen watching this insanity reminds me of hit men stopping free speech where ever they can … If you do not agree with their plans we are extremists or worse yet terroists, so I say more tea parties and confront them the best we can, its the only way a single person can group together and have our voices heard… PLEASE continue the fight so we can save our beloved country for ourselves and for our children. God Bless YOU and God BLESS AMERTICA

Walter Engelken 05.06.09 at 5:36 PM

Where are the defenders of our Constitution? President Obama and his Democrat congress have no use for our Constitution? We the Citizens own this country and they work for us … right? Not respecting the Constitution is grounds for dismissal and I say dismiss them? But how do we do this? No one in the legislative or judicial branches appears to care? This is insanity.

Liberal Democrat Senators and Representatives have yet to acknowledge the fact that they are where they are because the USA was the way it was (November 8, 2008), not the way it is going to be after Obama gets through with it …

Fay Marsiglia 05.06.09 at 5:36 PM

I enjoyed your book and want to thank you for keeping me informed about market conditions. Congratulations on over 57,000 signatures on the petition. I was glad to be a part of it.

Julie Gorelik 05.06.09 at 5:36 PM

Mr.Weis, We in America, who are loyal patriots, are in terrible shock and TERROR to see what is happening in our Nation presently. I have stated back in the early 1980’s when my husband and I were married-”The married Mom’s were taxed out of the homes to pay for the unwed Mom’s”,and believe I was absolutely correct. The financial abuse and cruelty to the American Family, and thus Nation, I believe was an intentional plan to destroy the Family, and Our Nation.(not everybody could be that ignorant), to encourage and pay people to breed-never sounded smart. To enable all that was against honest, citizens,and make us pay for it all, in my mind is criminal. We the PEOPLE,have been financially raped, and discriminated against, by our very own government who is supposed to be there serving US, and OUR NATION! Not making us pick up the tab for the entire world! Our Constitutional RIGHTS for Life, Liberty and Pursuit of Happiness has been shattered by the Greed Mongers, who are in control of the Fed, and World Banks(One Worlders).God help us all, for letting them get away with so much, for so long.

Phyllis Murphy 05.06.09 at 5:36 PM

Dear Mr. Weiss,

How about getting the ball rolling to kill the millions scheduled for payment to Palaestinians loyal to Hamas so they can emigrate to our country. PLEASE - Sink your teeth into this one!

“Obama funds $20M in tax payer dollars to immigrate Hamas Refugees to the USA. This is the news that didn’t make the headlines…

By executive order, President Barack Obama has ordered the expenditure of $20.3 million in “migration assistance” to the Palestinian refugees and “conflict victims” in Gaza.

The “presidential determination”, which allows hundreds of thousands of Palestinians with ties to Hamas to resettle in the United States, was signed on January 27 and appeared in the Federal Register on February 4.

Few on Capitol Hill, or in the media, took note that the order provides a free ticket replete with housing and food allowances to individuals who have displayed their overwhelming support to the Islamic Resistance Movement (Hamas) in the parliamentary election of January 2006.

Let’s review…itemized list of some of Barack Obama’s most recent actions since his inauguration:

His first call to any head of state, as president, was to Mahmoud Abbas, leader of Fatah party in the Palestinian territory.

His first one-on-one television interview with any news organization was with Al Arabia television.

His first executive order was to fund/facilitate abortion(s) not just here within the U. S., but within the world, using U. S. tax payer funds.

He ordered Guantanamo Bay closed and all military trials of detainees halted.

He ordered overseas CIA interrogation centers closed

He withdrew all charges against the masterminds behind the USS Cole and the “terror attack” on 9/11.

Now we learn that he is allowing hundreds of thousands of Palestinian refuges to move to, and live in, the US, at American taxpayer expense.

These important, and insightful, issues are being “lost” in the blinding bail-outs and “stimulation” packages.

Doubtful? To verify this for yourself: http://www.thefederalregister.com/d.p/2009-02-04-E9-2488

reggie 05.06.09 at 5:37 PM

you know i said all along, if the gov. would bail out the people, instead of the fat cats, we would not be in this situation. if they gave every legal resident of us. say $100,000.oo do the math it would have been so much cheaper, and we all could bail outselves out of trouble, and the banks would get ther money from us, by paying our bills , and buying , this would also help out the small business people, ship the ilegals back to there country and enforce the borders , and not give them amnesty and our money from social security.. this doesn’t help any body but the ilegals. but you know the gov. is only here to take from us and give to who ever they want, there is so much more that tics me off , i just get mad thinking about what they are doing, we just have to get them out, this is the worst group of politicians we have ever had, there not for us , just for them selves, thanks for the work you are doing..

Dee 05.06.09 at 5:37 PM

My point is this: When will government understand that tax and spend is only a temporary fix… if it helps at all. History has proven that this methodology does not work yet every liberal schmuck who gets in office will try it again and again.. only to fail.. or offset the crisis to our children and grandchildren. It doesn’t fix the problem. Plus taxing more actually removes money from the system in general because people have less money to spend… which means less goods and services purchased.. which means eventual company cutbacks such as lowering salaries and layoffs. It’s a domino effect. What you do in a time of crisis like this is reduce taxes to nothing therefore enabling the entrepreneurs to succeed.. which is what this country is built on. But the idoit elitists in Washington, who have never run a business or worked like we do, cannot see that and have tunnel vision because they are truly ignorant of a capitalist economic system. The truly sad thing is they really think they know “what’s best”.
“those who fail to embrace history… are doomed (destined) to repeat it.”

CAROLE ALTMAN 05.06.09 at 5:37 PM

I as are others, am depressed and demoralized about what Obama has done to my country. He is an OBAMANATION to us. I will do whatever I can to stop him before it is too late. What about a law suit against the media for not fulfilling their constitutional duty to WATCH the government?
What about AMERICORP. This to me is the Brown Shirts of Germany. I hear very little about that?
What else can I do? Whatever it is please let me know.

Sherri 05.06.09 at 5:38 PM

Thank you for all your hard work and tireless efforts to help all of us and our country at this fork in the road…. I already left a blog yesterday, just wanted to say thank-you and….God Bless

Sherri

Dick Pumphrey 05.06.09 at 5:38 PM

Dear Martin,
Thank you for this chance to contact you. Please accept my heartfelt thanks for your continued efforts on our behalf.
My main concerns are:
1. Anything that the Obama administration is doing to us and our country.
2. Total lack of proof that Obama is actually the president and NOT a pretender without proof that he was born in the USA.
3. No more anti-gun legislation - ever!
4. States rights in this shakey economy.
5. Protection for the Constitution from Democrats that are attacking it.
I will stop here, but I could go on and on. I am sick with worry over our plight of our country. Thank you and GOD bless!
Sincerely,
Dick

TOM 05.06.09 at 5:38 PM

We are losing our freedoms both in the privated sector and business sector. This country is heading more and more towards Socialism. One example is the healthcare the government wants to take over. We can not allow this to happen. The election process is a sham. Take a look at what is going on in Missouri. In Nevada duplicate, phony registrations took place.

Fay R Todd 05.06.09 at 5:39 PM

I am 67 years old, been working since I was 13, Retired from the USAF in 1981 and worked until I was 62 and decided enough was enough. No I stand a good chance of loosing Social Security that I have paid into for over 50 years to Illegal alieans. All taxes are going out of sight, they are being increased on everything we buy and the stupid governments keep on spending like there is no end. Why can’t they be like a family. Stop spending. I could tell you a $27,000 horor story but I’ll save that for another time.

Thank you and good luck in your endevers.

Fay

Bill Thompson 05.06.09 at 5:39 PM

My representative in Congress, a Dumbocrat, keeps sending me form emails every week in response to my emails promising a letter in two weeks fully responding to my concerns. Since January 3, 2009, I have received only one letter. Obama says we all need to sacrifice, I like the idea of a 20% pay cut for Congress and the executive branch.

Greg Lunde 05.06.09 at 5:40 PM

Our Constitution, separation of powers, and contracts are so weakened that citizens feel numbed. The Obamunists have unleashed a new shock and awe attack on our liberties and responsibilites and surged for a government takeover of many of our freedoms. Where are our leaders who will express our successful, free-market capitalistic, and extraordinary history in terms that we all know and understand through our own personal experience? Thanks for your leadership on behalf on so many citizens who will remain free, informed, and active. Greg Lunde

Mike Z 05.06.09 at 5:40 PM

Hi Martin,
I tried emailing you many times explaining what had happened and what was going to happen over a year ago. I never received any replies from you or your staff. Please go back and search for my emails and you will see that everything I told you would happen, did happen. I told you about credit default swaps long before they were a household word. The same with Basel II accounting and level 3 “assets” which aren’t really assets at all. For those who don’t know, Level 3 “assets” are held by banks, and brokerages for example. They are know as “Marked to Market” for valuation purposes. Level 1 assets would include any item such as say a pencil for example. You can go to any store and buy a pencil for 5 cents. On the banks’ books pencils would be Level 1 assets and they would be listed at 5 cents each. Easy enough. Level 2 is say a car. Basically the bank can determine a “fair market” evaluation and come up with a “reasonable” valuation for that asset. Level 3 is any “asset” that cannot be easily valued. Level 3 assets would be anything from a bad loan or a derivative type of instrument which has no value but is given one by the bank or broker. Level 3 is where assets whose true value you don’t want known publically. Say the bank went to NASA and bought a NASA Super Deluxe Pencil that even writes upside down. Now, you and I know that Super Deluxe Pencil isn’t worth 1 cent more than ANY of the 5 cent pencils you have on your books already. However, NASA sold it to you for $5,000,000 dollars. The bank paid $5,000,000 for that Super Deluxe Pencil. Obviously they cannot state that they paid that much for a pencil so they place it in Level 3 “Marked to Market” otherwise known as “Marked to Fantasy”. The bank knows if they tried to sell that Super Deluxe Pencil all they would get is 5 cents and they would be out $4,999,999.95. Here is where Basel II accounting come into play. Basel II will force the banks, brokerages, etc to “FAIRLY” value these hidden “assets on thier balalnce sheets. Now do you understand why banks were given sooooo much free money? If they weren’t all the banks including the BIGGEST and “Best” of them would all be bankrupt. They literally ARE bankrupt. Which is why they keep getting bailed out and why WE have to pay for it. The problem is that the govt cannot under any circumstances release this type of information. Think about what would happen if they did. People would be lined up in the streets to take every last cent they have in any bank, brokerage, or holding place. That would cause a depression that would make the “Great Depression” seem like a kid without his daily lunch money.

As you can tell I have done a GREAT deal of DD on this, and other even more devastating subjects. To cover my own behind I will state this this is just my opinion. Do yourself a favor and do your own DD and learn even more about what you’ve read here.

Catherine Baker 05.06.09 at 5:40 PM

First of all I think Congress should have their wages cut in half, their health benefits taken away and all pensions taken away. It is about time they suffer for this mess as they are the ones that created it and allowed it. It is the dang rich that look out for only the rich, and until what is left of the middle class does something about it, it won’t happen.

Also in all companies, schools etc. People at the top should be graded from the bottom as well. We would not have executives getting paid whether they did a bad job or not. It is ridiculous what heads of corportions make. Same goes for our schools, the students and parents should have imput into each teachers review.

We have people in jobs that shouldn’t be, and those that work hard and are never rewarded. The company that WAMU bought that created all those bad loans. That previous company and its owners should lose their money. All we have to do is follow where the money went and get it back. Quit bailing out. This money went somewhere and it is all stuck at the top with the very rich. Enough is enough America, we need to take back our Congress. Only people that make less then $100,000. should be able to run for Congress as the majority of the people make less then that in the country and we are not being represented. The rich will never represent us. So lets get them out of control.

VAM 05.06.09 at 5:40 PM

Martin, I was listening to a video of Alan Keyes speaking to the journalist and answering his questions re the Obama Administration and ideology. One statement that Mr Keyes said really stuck with me…..How can our bankrupt government pay to bail out bankrupt businesses {banks, automakers and the real estate industry}? He called it insanity and I must agree with him. And again, how did our citizens elect a man without checking out his pedigree first? Obama has YET to produce proof that he is a natural born citizen. So until then as Mr Keyes also said, he (Obama) was a fake (my words) and had no right to the presidency because he didn’t meet the rules (my words). So he is signing bills and giving away money that isn’t his (in more ways than one). He is taking us down in flames and he probably will get away with it, unless we have voice pieces such as yourself. Thank you for your generosity with your book sales of The Ultimate Depression Survival Guide. What a bundle of information in that book. We will need several reads to take it all in. And thank you for your generosity of your knowledge to help us survive what is coming.

Marie Cogdill 05.06.09 at 5:40 PM

All I can truly attest to are things in my everyday life. I am a disabled lady trucker. I was injured on the job back in 1996. Since the I have had 10 back related surgeries. I have a court order that gave me a catastrophic designation. Now, last month (the first time ever)
1.) I get a form from Workman’s comp wanting me to give them medical evidence that I cannot go back to work.
2.) I get a form from Social Security wanting me to give them medical evidence that I cannot go back to work.
3.) My Dr. tells me that it is TRUE that the Government wants Dr.’s to enter every American’s medical information into a central data base for Government to decide if or how we are treated. He advised me to tell everyone to write to Congress, our Senators whoever it takes to reject this.
4.) Two days ago I found out that my bank “Bank Trust” is one of the many backs such as Bank of America who loan money to illegals without knowing “IF” they can even pay this money back.
5.) Went to my bank yesterday and tried to cash some checks, and was told that I could only cash enough checks for the amount I currently have in the bank. Until what I have cashed clears the bank. I then asked that if I can’t CASH them how then can I pay my bills. The teller suggested I could deposit them. (NO WAY) (I already got put on a class action suit last year when a bunch of telemarketers somehow got my account number and they wrote unsigned/unauthorized checks for themselves with thousands of dollars from MY account. The likes of which I have not fully recovered from yet!
6.) Because of all this unnecessary money spending that is going on we need to tell Washington “HELL NO” We should let those who don’t know how to manage take their “lickins” instead of being forced to “Do As We Are Told” by Government that only wants to indenture us for al times. Please do yourselves a favor and find out what the English meaning is to the word Mortgage -Mort comes from the Latin “Death” if that gives you no clue, you’ve got more problems than your mortgage or the Government combined. Look also at CONTRACT -thou shalt have no other God’s before me. (Bible) Who have we all contracted with? Repent, and thou shalt be saved (Jesus)

marie williams 05.06.09 at 5:41 PM

tell the politicos we want change alright … we want them out and real people fighting for us not their liberal friends… we need people standing up for americans not defaming our country… we are taxed enough we are silenced enough.. enough is enough vote them all out and have term limits , stop the spending insanity

OldFart NoName 05.06.09 at 5:42 PM

Happy that somebody is trying to deliver a message to the Govt that Bank & Financial Industry intervention, outlandish printing of money, & unlimited capital injection into these private corps is not appreciated or wanted. They are not too big to fail. The banking & financial industries wanted de-regulation ….. they got it ….. now let them be responsible & reap the consequences of their actions (like everyone else has to do if they don’t have connections in high places).

One question or thing to note: how are so many financial & bank stks rising in price in the mkts when their conditions, balance sheets, write-downs, losses, earnings, etc don’t rationally support the stk-price increases ? Fed Reserve, Govt, financial industry, & media manipulation maybe ?

barbara bowen 05.06.09 at 5:42 PM

My concern is that no matter how many petitions make it to our capital, Obama will do what ever he wants because he can. He does not care what the American people think or say. He and the democrats are clearly over-reaching in their quest to push through their agenda and to hold onto their power and majority in the house and senate. I believe he will not be swayed by petitions from us. I feel that our only power will come in the next election cycle in 2010 and again in 2012. That is my biggest concern. We can only hope that between now and then, the damage that Obama will exact will NOT be irreparable.

Bud T 05.06.09 at 5:42 PM

Dr. Weiss,
There are no words to describe our indebetness to YOU! You are the lone voice of reason, the man of the hour. I would personally hope to meet you someday and shake your hand.
Thanks for all you do, for your father who influenced you to be the man you are, and for your willingness to step up in a spirit of helpfulness to middle classs folks.

As to the banks and stress tests, seems to me that since the government will not let them fail.. no matter the cash required to keep them or the toxic assets they posess.. their stocks will continue to hold up well, meaning rise or at least not crash. I am searching your newsletters for YOUR specific take on this.
Otherwise, I worry about the availability of my other funds or assets that are with brokerage houses when things get even worse. Will the brokerage houses pay off if they are bankrupt? This concern precludes many investments that I might otherwise make through brokerages because I do not know how we can trust ANYONE in a bankrupt economy! What is SUPPOSED to happen may NOT happen.
I continue to monitor your every word and thank the Lord for you! You are indeed an all American hero. Thank you.

Steven E Hess 05.06.09 at 5:43 PM

Company’s too big to fail, need to be broken up into smaller ones. Thoose in trouble,
need to come up with a sound plan that will work before given any help.
Government need to stay out of bankruptcy’s.
Banks need to get rid of bad assets, before getting any more help.
We need to see a bottom in this depression. All the bad debt needs to be taken care of by institutions that can handle the bad debt. A forced auction of all bad debt is in order.
Thanks for all you have and will do for us the U.S. People. God knows your heart in this and We see it in the fruit you have sown. I do appreciate all your hard work.
May God Bless you for it. Steve & Sharon

Calvin Clay 05.06.09 at 5:44 PM

I find it apalling to hear Bank of America is wanting more money! Just yesterday i recieved a letter from Bof A stating that they were lowering my credit card limits because I have a “history of delinquency with other creditors”. Never once did I miss a payment with them, however I haven’t been able to pay my mortgage since February due to several car accidents and subsequent surgeries. Although I am currently applying for help through my mortgage company, which I feel is between them and me, BofA steps in and determines that they are basically better than me. Now they are asking to use my money to help them stay on their feet. Ha! I say, “let them eat cake”!
Let them fail! Let them hear other companies have looked at their credit history and found them to be delenquent. If they have any questions they can contact me at IHateBofA.me

Maggie Utley 05.06.09 at 5:44 PM

I live on my SS and a part time job I am still able to hold at the age of 79. I still barely remember the “great depression” in which we planted a very large garden to feed ourselves and quite a few of our friends and neighbors. At that time there was no such thing as SS or any kind of welfare or outside help of any kind. Therefore, I have never been on any kind of outside help except SS. These days it seems everyone is looking for a ‘handout’ and they don’t care who has to pay for it. That is part of the problem. Giving out money to people who have never earned a pay check and have no desire to earn one. I raised two sons and a daughter who were taught to either work or do without. My eldest son is now a real estate agent in the DFW area (he had a kidney transplant 31 years ago and that can be verified). My youngest son works one full time job as manager of a lumberyard and part time selling advertising to lawyers for a book used by judges, etc. My daughter teaches second grade at an elementary school in Philadelphia, Tennessee; and tutors children in math and reading in her ’spare’ time. Not one of my children will ever be rich with money, but are very rich with self respect and the respect of their peers. Therefore, you can see one reason why it really irritates me to be giving all this money to people (and businesses) who do not really appreciate it or deserve it and has to be paid back by my grandchildren and great grandchildren who do not have any desire to go on any kind of welfare. As a mother, grandmother and great grandmother, I say do not give anyone one red copper cent that has to be paid back by future generations. Their greedy natures got them into this mess, so let them figure out a way out or sink with the ship they built. Let them go to h— in their own hand basket! Just in case you think I am being too harsh on the idiots! I had to finish raising my children alone as their father passed away in 1975.

Mary Schumaker 05.06.09 at 5:44 PM

You asked what are my concerns..where do I start? Let me say that in my 61 years I have never been so fearful for American and its future!
We don’t need nationalized health care! Ask the countries that have it! I don’t want the government making medical decisions for me. They are encroaching on our lives way too much. They destroy or run everything they touch into the ground (good example: Social Security)
I am concerned about the spending of this president..our grandchildren will not know America as we knew it. It scares me that he wants to remake America..it doesn’t need re-making, it has worked great all these years. It is a land of opportunity and a great place to live. Why do people want to come here if it’s not the greatest place in the world to live and raise a family!
I am mad at the officials we put in office who are not supporting the majority of people’s values and jellyfishing around depending on what political gain they can accomplish and how they can put more money in their pocket.
I resent the government that passes legislation that allows illeagal immigrants to collect food stamps..Social Security and all the benefits of Americans who have lived here and paid into the system. I am not against immigration..but come here legally. My ancestors were German and they immigrated here, but they embraced American tradition, learned the language, worked hard and were successful!
I think it’s time that there are term limits for those in Congress and that they pay and collect Social Security as we do..they would fix Social Security fast.
If we ran our household like the government runs things..we would be in deep trouble..as our nation is now. They should set the example and pay their taxes instead of evading taxes. They should not be above the law!
My only hope is people will finally get their eyes open and realize where we are headed before it’s irreversible.
My husband and I are retirement age and we haved saved and invested all our lives. The money we have lost we won’t have time to recover..there is no help for us. The government is not going to help us..we will be depending more and more on Social Security which is going to run out. The Social Security funds should have never been spent or touched. They have spent it all and now it is failing.
I have expressed most of the things that bother me greatly..you asked.

Fenning Polar 05.06.09 at 5:44 PM

What I’m not understanding is. Since the American people has tarped the most money into Chrysler. Why don’t we own the biggest percentage of Chrysler. Why does the UAW union own 55%. What the heck is going on?

Robert Eckart 05.06.09 at 5:45 PM

Martin,

You ask how the markets will respond to more bad news about commercial real estate and the banking industry? I guess the way they have responded to the pre stress test news : by continuing to rise. No matter that WFC, BAC and others need more capital or that their earnings for the first quarter were rigged to reflect record profits only several months after Paulson said we are in the worst financial of our lives. No matter that the government continues to monkey with these markets. It is pure fantasy and there no longer seem to be any investing rules. The government changes the laws, manipulates the markets, changes the accounting rules to their convenience. No matter that Geitner, Barney Frank and friends are in the pockets of Goldman Sachs and a few other Wall Street banks. How does the retail investor have a chance? The markets just keep going up. Today is a good example. The banks need more money and the markets soar.

Robert

Charles B mitchell 05.06.09 at 5:45 PM

See what you can do about getting an interview on the Fox network.

MORT HOMER 05.06.09 at 5:46 PM

Being an accountant for many years as i am going to be 69 on June 28 this year, the bailout is a complete waste of tax payer dollars that have been wasted .Funds were wasted by companies as instead of using this money to build up businesses that the purpose was strictly for, it was given as bonuses to executives that caused business to fail and to unions that have outlived their usefulness. This administration is a disaster and as nature takes its course the job situation has not improved with all this money being wasted that will affect our economy for many years to come.Debt never solves anything but creates bigger problems. Barney Frank blames the past administration which did fail but Frank was told by Bush that there was a problem with Freddie and Fannie and Frank denied it as it was in a video. Now Barney blames the Republicans. I look forward to the next tea party on July 4th that is planned. When you have people out of work , losing their homes and not being able to feed their families the American people will not stand for this. Mort Homer

Sam Morrison 05.06.09 at 5:46 PM

I just went to the Royal Bank of Canada in my little town of Sebastian, Fl. a couple of hours ago and exchanged a bunch of worthless to be US dollars for Canadian one and took them straight to my S deposit box. I already have an Aussie CD and a bunch of Norrwegian Krona. I have Gold companies and gold as a hedge and three inverse ETF’S just waiting for this “dead cat bounce ” to head toward 5000. I want to “thank you for that” as ” Brian Williams would say. I’v been to your office when you were on Burns road and met many of the fine professionals and supporters there. Your direction is sound and clear. The abomnation group is nuts. Martin, thanks for doing all you can for the little guys. They are our children, our love ones, and our beloved friends. Keep it up Martin!

R. Stephen Dorsey 05.06.09 at 5:46 PM

Martin, The unsophisticated, self-indulgent, self-absorbed, poorly-educated, and (oddly) arrogant American Public have always been their own worst enemies and, for that reason, we have been sowing the seeds of the inevitable meltdown of the American Imperium for almost as long as we have been embarked on the Imperium. Now that the the tectonic forces of our own terrible economic activities, pollution of our air and water, devastating agricultural and mining policies, crumbling infrastructure, rampant drug use (legal and illegal), Peak Oil, lack of immigration control, the rise of the SWAT and secret police mentality, pitiful education at all levels, destructive and futile military adventures, refusal to follow our own laws and demand that our leaders do the same, degradation of the morality reflected in the Constitution, sacrifice of the Bill of Rights and failure to demand even (once-common) civility, have begun to coincide, the Sheeple stand at the Edge of history - whether they know it or not. And, as we go over as a society, most of the Sheeple will still be ignorant of the reasons and feeling the terror of the unknown.

The utter corruption of both political parties (as if there were two) and the presidents and Congress’ they manipulated, the cult of unspecified “Change” that voted the new messiah into office, the incompetence of the federal government at all levels and the venality of the Wall Street/Treasury/Fed/Congress in the looting of America, all have been overcome by the factors listed in the paragraphs above. Today, while it will pay to keep your eye on the ball to manage from day to day, the larger issues and their effects are beyond much control - except, of course, our expensive and deadly military card. Whether it is played or not, we really are at “Game Over” for the Imperium and I’m not sorry to see it.

Michael Offield 05.06.09 at 5:46 PM

THANK YOU!!! For everything you do us, the ordinary folk. You’ve been our guiding light. I knew absolutly nothing about the markets and how they worked until I signed up to, Safe Money Report, not saying that I know it all now, but you have inspired me to understand more to secure my financial freedom. Keep up the outstanding work you and your staff do for us. I feel a Thank You and God bless couldn’t begin on how much we really appreciate you and your staffs efforts. THANKS n God Bless….

M. Offield

P.S. With the hundreds of billions going out to these corporate institutions, wouldn’t be more fiscally responcible to give it back to the taxpayer and let them pay there bills and greatly jump start the economic recovery this country so desparately needs? At the same time wouldn’t also help thier ” Too Big to Fail ” policy to work as well? Just a thought…

Marcus C. Johannes 05.06.09 at 5:46 PM

Dear Sir ,As a resident of Southern Arizona you may or may not understand that this country is in the process of being Invaded by not only Mexico ,But the entire third world ,Every time I hear another Politician speak of Comprehensive Immigration Reform or as we call it like it is !!! Amnesty for criminals that have repeadedly violated our Laws ,I am sick to my stomach and think we as a nation are so completely screwed ,As if living next door to the worlds largest criminal enterprise is not bad enough ,The Liberal Lamestream Media would like people to believe that those poor Undocumented Migrants are just here looking for a job ,But in Fact ,30% of the entire population of Mexico lives in this country illegally ,Not to mention illegal aliens from 40 other country`s ,Janet ( Nappy No ) Napolitano the worst Governor the State of Arizona since 1912 has ever seen ,So Brazenly Declares that it is not a crime to enter this country illegally ???? Has she completely lost her small mind ,I could not imagine a worse person for the position of Secretary of Homeland Security ,Or as we here call it ,The Department of Homeland Insecurity !!! Comrade Obama ( The Exalted One ) will not be satisfied until this entire country is sunk ,I will not even begin to mention his Liberal Left Wing Cronnies in Congress !!! Nancy ( The Witch ) Pelosi and then there is the two faced weasel Harry Reid ,When will we the people get someone in Office that actually has the best interest of this once great nation in mind and the people that are so completely frustrated with being bled to death by Taxes and Bailout after Bailout ,Have these Democratic Worms completely lost their collective minds ,I have to explain to my 3 year old Daughter that your children will pay for the mistakes that these so-called Representatives and slimy Politicians are making today and tomorrow !!!! Comrade Obama has stolen my American Dream and plans to give it to an illegal alien from Mexico !!!!!! Dissatisfied Peasant / Customer of the Government of the Socialist Republic of Meximerica

John Whitehead 05.06.09 at 5:47 PM

Thank you for all your efforts, unfortunately I am afraid that the ego of the washington establishment will lead this country down the road to ruin. Until there is true reform to the tax code, term limits and true accountability nothing will change. The government
is NOT afraid of the people anymore. all of this is systimatic of our collective society. I hope for the best but expect the worst

Stewart W Bell 05.06.09 at 5:47 PM

Hi Mr Weiss, if I may call you Martin.

I am an avid follower and reader of all the emails you have sent to me under the various writers in your Weiss Research.

I want to extend to you a heartfelt thanks for the wonderful insights you have been bringing to myself and many other readers.

I am a Canadian and a great fan of, and friend of America.

I want to encourage you to keep what ever pressure you can on your government and its minions, to get them to change direction from what can only be a dangerous and precipitous route they are taking. The key to any success you country has ever had in peace, war and or finance has always been in the heart of the American people.

Attending only to the loud wailings of the Wall Street ally cats can only lead to the breeding of futher disaster for you country.

The heinous lust for money and the power it brings has left Wall Street bunch bankrupt in more ways than one. The bible reminds us that God resists the proud in the immagination of their hearts. Surely He has see our iniquities and allowed us to reap the fruit of our own follies.

Although I can functionally offer only maoral support for your quest you certainly have it along with my prayers for your success.

I would like to offer a web link for any of your readers to log into and see what was reported up here in Canada. I am certain that you will find it interesting the outcome of a meeting amoung the four main banks here.

Here is the link for any who might be interested.

http://www.cbc.ca/sunday/archive/index.html

If you cut and past this into your browser you will come to an archive list. Scroll down to the report for January 04, 2009 and you will see why I refer to the Wall Street and the Bay Street bunch as having the morals of an ally cat.

Again, Martin, many thanks and may God richly bless your efforts.

Stewart W. Bell
Regina, Saskatchewan,
Canada.

Dewey Izzard 05.06.09 at 5:47 PM

1) 2 years ago I retired from a coal mine Owned by Arch Coal, Inc. in Wyoming. I was able to keep the same health insurance that I had when I was an active employee. I pay $821/ month for the insurance and it goes up each year. Do the retirees in the automotive unions pay for their insurance? If so, how much? And why should I pay for my own and theirs also in these bailouts?
2) The US Congressmen continue to be paid and have all of their benefits as long as they have been elected one time. THAT has to stop and it needs to be retroacvtive to include all of them past and present. They are not entitled to anything that I’m not. When they leave office, it is over except for President and Vice President.

Doug Meyer 05.06.09 at 5:48 PM

Thanks for all your good work and advice. My immediate concern is inverse ETFs that I hold in addition to the recommended ones. I’m especially upside down in SRS so I hate to sell it now. I imagine it will go up when the commercial real estate tanks. It would be great if we could e-mail one of your reps for basic recos about specific ETFs based on current situations. Obviously these would just be basic recos based on market knowledge. Thanks for your help.

ROBERT KENSINGER 05.06.09 at 5:48 PM

I AM CONCERNED THAT THERE IS NO PUBLICITY BEING GIVEN TO THE OBVIOUS CROOKEDNESS OF THE OBAMA GANG, THE CHRYSLER AND ACORN DEALS STINK CLEAR TO CHICAGO. IT AIN’T THE MONEY THEY ARE STEALING–IT’S A COUNTRY!
OBAMA IS USING THE “STIMULUS” AS PAYBACK FOR THE MILLIONS IN CAMPAIGN CPMTRIBUTIONS FROM THE UAW AND OTHER UNIONS.

mary sears 05.06.09 at 5:49 PM

I feel there is a concerted effort by the Obama administration to take over the major engines of commerce, i.e., banking, auto mfg, health providers and the housing market.

Unless I am mistaken, the gov’t already has a voting majority in some of our banks; The union is now majority owner of GM and there is now talk about double taxation for companies with holdings in other countries. Where will it end and where is the conservative voice in all this.

Sincerely,
Mary Sears

Joey Roland 05.06.09 at 5:49 PM

I just finished your book Thanks . I am about half way through the creature from jekyll
island which if it is true explains alot about our federal reserve & the big banks. If it can create money out of nothing like the book says . Then the government may very well pass this crissis down the road , reinflate assests & most of the people may not even know really how it is being paid for. this crash you are talking about may not happen . I
agree it needs to happen but there is no telling how long they can keep kicking the can down the road . therefore we may be missing what could be long lasting rebound before the big crash & because the dollar it not backed by gold we may never have the big one . who knows???

Ron Higgins 05.06.09 at 5:49 PM

Dr Weiss I am new to the investing experience and for this reason i have been doing a lot of research, the etf opportuniy holds great appeal and looking at your reverse index fund picks coupled with the release of the stress test results tommorow Im betting that DOG and SEF will prosper in the near future. I have enjoyed your latest book and will use the information to construct a plan to get myself and my family through the coming financial crisis. I am paper trading untill i gain some insight into the ETF sector. I bought 10 DOG and 10 SEF, looking forward to tommorows financial news. Thank for your insight. Ron Higgins

Bruce Cameron 05.06.09 at 5:50 PM

? If we were to have a nother Vote say today would it be the same or would Obama lose his job. and would the Demorats control the House and Sen have a pole and report it on Glenn Beck show Bruce Cameron a Tea Bag Weaver but as long as Nacy Pork spender is in office we are in trouble

Linda 05.06.09 at 5:50 PM

I just opened my mortgage statement from Bank of America (originated with Countrywide) which shows no changes that reflect the RE-MODIFICATION amounts and interest rates that I signed and Countrywide agreed to. I have sent a Cashier’s Check for the May mortgage as requested to Plano, Texas as Countrywide said it would take a few months before re-mod’s could pay online on the website. It appears that B of A doesn’t have a handle on very much and are not in the loop.

My nephew in California, sister in Florida and best friend in New York all have B of A Mortgages that B of A has REFUSED TO RENOGOTIATE or MODIFY.

I am apppalled at their negligence, disconcern, discourteous and unwillingness to assist their customers in these tough times. They have made many mistakes and taken advantage of us with so much money in mortgage interest, and check overdraft fees etc.

I paid off an equity line with them and never missed a beat until I lost my job and the house of cards started to tumble.

No wonder the B of A is being called many names now!

Chris Hicks 05.06.09 at 5:50 PM

Dear Mr. Weiss,

Is this a good time to buy duplex or tripllex
multi-unit residential for cash ?

Also what number do I call to subscribe to your
financial subscription, what is the cost,
and do you give a discount for an 86 year young Senior ?

One of your Admirers
Chris Hicks

robert silecchio 05.06.09 at 5:51 PM

i have never believed that hank paulson saying the economy will stop if president bush did not open the door to these finacial bailouts.paulson is fron goldman sachs.he used his posistion to better his buddies on wall street.just check the current c.e.o. of goldman sachs,who has been ,since december buying up huge blocks of stock.this is insider trading at the highest level.purchased for penneis on the dollar,it is now up to around $130.00 a share.he currently is about 3.5 million dollars richer in this short time.all on the backs of we the people.bailing them out was a big mistake.i have been in the market for some time and have never seen such blatant insider trading as this.how did he know this stock would go back up if not for hank paulson.fear is what is the driving factor.the people should not accept any of obama’s spending which is beyond out of hand.anyone we some knowledge in the stock market should look this fact up.i say no more money to anyone.the economy always comes back if you just let it work itself out.it would have been hard for awhile but it would have rebounded much faster and without the trillions now owed.just look up goldman sachs and see what went on.

George F. Lackey, Sr. 05.06.09 at 5:51 PM

I am concerned that Obama is and has led the U.S. into a Socialist system so fast without Congress even questioning his moves. Congress led us into the present quandary we’re in and are letting Obama lead us into Socialism. I have no faith in our present Congress. Wish we, somehow, could get them all out of office at one time.

Obama has shown that he is incable of running our Country much less a business.

How stupid can the general public get. My Dad always said that voters will forget the dirt a Rep. or Senator has done by the next election and he has proven to be true over my lifetime.

How do we get the voting public to educate themselves about the candidates before they vote?

John J Hartnett 05.06.09 at 5:52 PM

Your understanding of my concerns about the economy is clear as glass and I am ever thankful. But where do I vent my huge concerns and frustrations about Obama’s and this congress’ social agenda? You see, the economy is a huge problem, but if they finish destroying our moral and social fabric, railing about the economy becomes useless. Because it’s upon our constitutional, moral and social foundations that all decisions or assumptions about the economy rest. Yet, no one seems to be making this connection or raising flags on things like rampant abortion, embryonic stem cell butchery and so on.
We are under assault on ALL sides and the economy is not necessarily the most critical part of the problem. Trying to save your attic while your foundation is under siege may be right and necessary, but if you don’t rescue the foundation, what do you suppose will happen to the attic, no matter how much you try to rescue it by standalone efforts?

Tony 05.06.09 at 5:52 PM

Dear Martin,
I enjoy very much reading your mails. They are very interesting and illuminating on the actual conditions of the economy in the U.S. I have no money invested at the moment, but I will surely continue to read your reports and those of your colleagues, as I have been doing for a few years.
I also read your first book a few years ago and I wish I had followed your advice. Everything has come to be true, and this is quite amazing and goes all to your credit.
Keep up with the good work and I will be surely with you for many years to come, when your advice will be needed as much as it is now.
Thank you,
Tony

Will 05.06.09 at 5:53 PM

The banking system is not as complicated as bankers would have you understand. When you borrow money they put a credit to the company you buy from and they put a debit in your account. As long as you keep paying they get to count the whole amount of your “debit” as credit for them. They can then use that credit, leveraged about 10 times to loan more money that they just make up on the accounting books. Only about 15% of the money in the US is paper and coins, the rest is just entries in bank accounting books.
I don’t like too many government regulations,… but we can not afford to have banks with investment housed that are “too big to fail.” Divest the banks of all investment houses and then divide the national banks into regional or state banks. If they are stuipid enough to go broke, then they just go broke and another bank buys their assets. The same is true to Insurance companies…. divide them up into units that can live or die based on the soundness of their business pratices.
Remove IRS and have a Fair Tax only that everyone pays when they buy. Individuals and companies would save millions in overhead without having to keep all the complex tax records.
Finally, I agree with another writer… the US congress is in a large part not representing the majority of the hard working, honest, bill paying (HHBP) people of the United States. Our Declaration of Independence says that when a government stops representing the needs of its people, then it is time to change. The present government does not represent the HHBP people. It is trying to buy power to make us into what it wants and could care less about what we want or think. If Obama wants change,… I think it’s coming, but I don’t think he is going to like it.

Gary Hamilton 05.06.09 at 5:53 PM

When do you see oil and natural gas prices making a comeback.

Raymond J. Brubaker 05.06.09 at 5:53 PM

I am a 60 year old white male A/P Meacanic/Technician with over 42 years experience. Twenty Two years in defence of our country with the USAF. I spent more than 20 years as an A/P Mechanic/Inspector for Cessna Aircraft Company to see my retirement account disappear and my job cut because the big companies felt it was so important to make so much money than to run their businesses in a manner to keep them out of trouble. I lost my job for them and now my taxes are giving them more money to keep them employed. Sorry, this doesn’t help my situation at all, and I know I’m not the only person who has worked their whole lives to be able to retire. I don’t see that happening now.

Ronald Orsini 05.06.09 at 5:53 PM

Dear Martin,
This 11 trillion dollar debt spending is going to bury this great country as we know it today. By printing 11 trillion dollars for this debt spending within 18 months, we will have a major inflation problem and guess what taxes will increase to at leasat 90% tax bracket. Our dollar will be devalued greatly and worth all most nonthing. You will need a wheel barrel of money just to buy a loaf of bread. The push is already started to create a new currancey called Amero Dollar. Obma will destroy this great country.

JORGE PADRO 05.06.09 at 5:54 PM

I was wonder if investing in gold coins through a company like Goldline would be a going idea. I am earning a meager return in a savings account.

Don Plumb 05.06.09 at 5:54 PM

Martin, Congratulations for the milestone, we must not stop with the bail outs, we need to force Obama and his thugs to let go of all business that they are trying to control. If they fail, then they fail, someone a little smarter will pick up the ball and we will be the better for it. We must also not let Obama’s health care and cap and trade plans be successful.
Obama’s game is one of distraction, we need to play the same game. Press every legitimate issue as much as we can. Play the same game the trial lawyers play, bury them in paper work. Most of all, we need to put max. pressure on congressmen and senators and make sure they understand that if they want to keep thier job, they best start listening to the people and stop listening to the liberals. At the same time, we need a huge effort to educate the people that only hear what the Obama press says. This is in my opinion, the most important. If we can reduce Obama’s approval numbers, the rest will fall into place.

Dr. Leonard Erb 05.06.09 at 5:54 PM

Hello,

We need to bring some sense to the printing of bogus paper money to bail out the very banks and other corporations that got us into this mess. We need to encourage the Chapter 7 bankruptcy of the auto industries, so they can reorganize with a streamlined operation that can move quickly. In my opinion, none of the banks are too big to fail. We need to stop throwing money at these companies and let them fail. They’ll be picked up by others that have managed their assets better. This is the quickest way to getting the economy moving. Cut the bailouts that only increase the IOUs to the taxpayers and get the government out of the business world. They can’t manage the big government bureaucracy they created. How can they take on the corporate world of which they know nothing. Using Europe as our model is economic suicide. Most of these countries have overthrown their liberal leaders and elected conservative leadership to get them out of the mess of the last 40-50 years.

James & Oneida H 05.06.09 at 5:55 PM

One of our concerns is the loss of freedom of speech. another is the fact that ministers are being threatened about the homo problem. In other words, you can’t call a spade a spade anymore. That isn’t right, they are allowed to call christians anything they want to.

Jack-Dean: Yoos. 05.06.09 at 5:56 PM

The title of a movie sums it all up “DUMB & DUMMER” Thats the Congress that is in place. The bail out is out and out FRAUD and should have never taken place. The question I. have is, how can a bankrupt Government ball out a bankrupt Company?????

What I would like to see is that ALL those who are corrupting the Consstitution be brought to trial, found guiltly and hang them in front of the Capital building. If we do that a few times they will think twice before destroying any more of our freedoms.

JORGE PADRO 05.06.09 at 5:57 PM

Wouuld it be a good idea to invest in gold coins?

Pastor Brady C. Harness 05.06.09 at 5:57 PM

Greetings,
It is obvious to millions of the middle of the road Americans that the oath to Greed and Self-righteousness that so too many of the C.E.O.’s of todays Banks and 500 Fortune Companies sware to is WRONG.
They take the money from Middle American that their buddies in Washington willing gave them without our agreement and ran it in to the ground beause they know no differenceand ask, even expect more of the same!
Way back when I was in college and took simple basic business classes the idea was sink or swim. But, today it seems to be do what you want if millions of Americans are on your payroll,Congress will bale you out!
The true back bone of the American Economy, the family stores and business have been railroaded and run over by these run away conglamarates.
Without a back bone no living thing can stand; guess what our economy is a viable living thing. So Congress needs to wake up, smell the coffee and get off the pot.
They are handing trillions to the wrong businesses and people;
for the vitality of the American economy No More Bailouts for the self-rightious and greedy and start supporting the back bone of America, the ones that made them the life they have; The American Middle Class and their businesses.
GOD BLESS AMERICA,
Pastor Brady C. Harness

Nadine Dickens 05.06.09 at 5:57 PM

1. I’m worried about our security…….are we really ready for another 9/11?
2. I’m really worried about our boarders since we live in Texas.
3. Is Obama really an American Citizen and if not why is he still in as President?
4. How are we ever going to pay for all this money we’re spending?
5. When are we going to start drilling for more oil…….are we going to have another shortage?
This is just a few things that are on all of our mines.

jim 05.06.09 at 5:57 PM

Dr Weiss,

The thing that most concerns me about the bail-outs is not that I as a taxpayer am forced to bail out the people who couldn’t get it right the first time and probably won’t get it right the next time and waste trillions in taxpayer dollars, but what kind of country will my grandchildren have to try to suceed in after this welfare state the government is creating where people and companies are not punished for making bad decisions. I appreciate all that you do.

Wiccanwolf 05.06.09 at 5:57 PM

The congress should be jailed for their duplicity in this bank scheme. Barney Frank, Christopher Dodd and the others knew exactly what was going on. Those two should be cell mates over this affair.

Now no company is too big to fail, that is a big lie! If you note, it is the U.A.W. and other organ lickers who got the “bail outs”. We have been hoodwinked, by a bunch of criminals, we should form “Committees for Civil Vigilance” and take care of the trash who keep lying to all of us. I believe that with enough people we can vote out of office the criminals and re-establish our Republic, we need to remember that a Democracy, is basically mob rule. What we see today is a criminal mob who stole an election and is trying to steal our country.

rich lind 05.06.09 at 5:58 PM

stop all this stupid spending!!!

JOHN CALLISON 05.06.09 at 5:58 PM

OTHER THAN TELLING ME TO HANG ONTO MY MONEY WHICH I ALWAYS DO, AND STAY OUT OF THE STOCK MARKET, WHICH I WAS NEVER IN, AND TO BUY YOUR BOOK, WHICH I DID, I DO NOT SEE ANY PRACTICAL USE FOR ME OF ALL YOUR INFORMATION.
YOU SAY TO PUT MONEY IN TREASUREY NOTES WHICH RETURN NOTHING, I MAKE OVER 3 PER CENT IN CD’S
YOU COULD GIVE ME DETAILED INSTUCTIONS ON HOW TO INVEST THE WAY YOU DO

Marilyn Summers 05.06.09 at 5:58 PM

Mr. Weiss, my wife (Marilyn) and I sincerely appreciate your seemingly tireless efforts searching for the truth in Washington D.C. and Wall Street.
Our concern with the bank report cards is that the government (Treasury along with the President and his Chief of Staff) will alter any results released to the public so as not to indicate any failure to manage on their part. The other concern we have is in regard to certain leaks to certain hedge fund managers (I can’t say his name but his initials are George Soros) in advance of any public releases on Thursday as repayment for his financing certain efforts to ensure Obama’s election. You asked; we responded.
Thanks again Martin for your efforts and your MCP project.
Sincerely

Ron and Marilyn Summers

Doug 05.06.09 at 5:59 PM

Thanks for writing Here is my question I have squirriled away some money in calvert muncipal bond fund I read recently that there may be a problem with the company that issues insurance to upgrade the rating on munis As the depression deepens, and municipalities struggle with decreasing revenues would you advise pulling out of municipal bonds? Doug

CONSTANTIN SPIRIDON 05.06.09 at 6:00 PM

I would not be worried about this business mortgage issue. Basically, the banks recovered most of those loan through the high interest. Every business in 10 years should have payed in interest more than the loan itself. A simple calculus shows that only a 6% interest will recover the loan in less than 12 years. But the interest was higher, so no worries in my opinion.

The bank stress test does not matter. It is the way the government will force the banks to load additional money, and so the government control will increase. This increase bank control could be finally a matter of national security. Controlling the banks, the government will control the money flow and could prevent any unfriendly act against the USA. In a global economy, the control against the banks should be local, global and coordinated.

So in the stock market will happen nothing worse than untill now. The technology sector should continue to grow, the dollar will continue to weaken, and as a direct consequence the oil will continue to increase. The commodities will increase too, the speculation on gold will exacerbate its price, and the inflation will start.
This will solve the housing crash, because the people will have more money (w/ lower real value) to pay their mortgage. In Eastern Europe for example, in 1990’s, there were 200% to 300% inflation peaks. That way, the people who had high mortgages on their homes, ended by paying the full loan with less than half of their salary on a single month. Could be unbelievable but it was the reality of those times. This is not SF, this happended at the end of 20 century and the beginning of 21st century could be a continuation. In the nature, nothing change abruptly, why to be different in finances.
Any way, the unfriendly attitude of many banks (credit cards included) should be at least stopped if not punished. The next sector will be the services. They already have imposed such terms and conditions which by the end are anti constitutional if somebody will decide to take them seriously. The customer could become the slave of any TV provider, w/ a lot of obligations and NO RIGHTS. I am sure, the Government will not tolerate it.

Laura Nason 05.06.09 at 6:00 PM

I wrote the following to my senators and rep and would love if you would also take up the cause of defending people like me to those GOP who disparage and insult us every day on the floors of Congress.

One thing I wish all Democrats in the House and the Senate would address is the unfair, vicious hammering the poor, unemployed, elderly and disabled are constantly hearing from the other side.
I am so sickened and disgusted, as well as demoralized and insulted by the constant refrain from the other side that I, and those in my position deserve to be here because we, supposedly, “made bad choices”.
I hear, constantly, that I, and those like me, “Do not “understand” the NEED to work and why.”, because we, supposedly, think the “government” is going to rush in on a “magic horse” and “rescue” us from our “bad choices”.

Let me tell you about my work “ethic”. I worked for over 16 years with an untreated heart condition because I had NO health care. I went to work every single day with chest pains and shortness of breath. I worked with severe pain in my legs due to untreated vascular disease. I continued to work after spending 4 days in the hospital in congestive heart failure and was lucky enough to get a doctor who supplied me with samples of the medications he prescribed and charged me a lower fee for my visits to him. A doctor who, when my condition deteriorated, drove me to the hospital, admitted me and then returned to his office to a room full of patients who waited while he took me to the hospital and then picked me up the next day, Thanksgiving Day, to drive me home and pick up meds for me. A doctor who was driven out of PRACTICE by the cuts to Medicare/Medicaid, passed, over and over in congress.
I continued to work after getting frostbite one cold December morning when my manager was late while I had to wait outside in 1 degree temperatures in a blizzard for her and continued to work when that frostbite became gangrene. I worked every day until they wouldn’t let me work any longer because with the gangrene, I wasn’t able to wear my “proper shoes”.
I spent the following 6 months, including 5 months on home nursing care, a total of 21 days in the hospital over 2 stays, under constant threat of eviction with nowhere to go, before I started receiving disability.
So I challenge anyone to Question my Work Ethic.
I didn’t CHOOSE to be uninsured. Each year when signup time came around, my hours were cut to where I couldn’t pay for insurance and then when it was past time to sign up my hours would go back up again. I needed assistance for health care but didn’t qualify because I didn’t qualify for welfare, food stamps and everything else. I couldn’t qualify because, with treatment, my conditions were “improved”, but I couldn’t get treatment because I couldn’t qualify for assistance with health care. Talk about a “catch 22″.
Republicans would have all Americans, except themselves and their biggest contributors, take a pay cut to $1.00 an hour to increase corporate profits, then blame US when WE can’t PAY our bills by accusing us of “making bad choices” and therefore we deserve what we get, though they don’t demand COST cutting to MATCH the PAY cutting.
I am only 60. But I don’t think, even a 60 yr old should have to be under constant threat of eviction or loss of life because they don’t have as much money or close family to assist in bad times, or transportation, or anything else, as those who make the rules.
Please do not let this assault on our “work ethic” stand.

I’m SURE there are way too many others who’s situations are similar, like or much worse than mine has been. But we, no matter our circumstances or lack of wealth, do not deserve to be blamed for being taken in by the same “financial, and “corporate” con men who took you, in congress, in as well.

We are not in this “situation” because some of us made “bad choices” but because we “have NO choice”.

Thank you,

Geoffrey 05.06.09 at 6:01 PM

I think we have to prepare ourselves that the economy has been kept at an artificial level by an ever increasing foreign debt which is now turned off, and GDP may be reduced by as much as 10% for the foreseeable future is many western courtiers.

In addition, the worst of the retiring baby boomer demographics is going to hit us in 2013, so unless administrations start changing retirement ages upwards (I seriously doubt this is going to happen in the short term), 2013 should be the pit of this depression, and there’s nothing anyone can do about it. (Just after Obama’s election, this coincidence may be good/bad depending on your political affiliation) I expect to see economic recovery start in 2nd or 3rd quarter 2013

Which investments will go up ?
Since the bailouts seem determined to keep companies ticking over in a state of living death and not properly restructure them, and there is a limit to how much money governments can spend without inciting a revolution (we certainly can’t have a further round of “bailouts” 10x the size of all the ones to date combined), ultimately the competitors of the “bailed out” companies should go up. I will be giving all of them serious consideration.

With the increasing government debts in the USA, UK and others, the security of treasury bonds should be questioned. Will a future administration pay these bonds through printing money causing inflation and devaluing the bonds anyway (if you own them you’re on a looser in this scenario), or will they protect their currencies (I wish they would, but that’s just my wish) and start defaulting on treasury debt (bonds, social security, state pensions are on a looser in this scenario)? I don’t see a third option.

comments appreciated if anyone thinks I’ve got something wrong.

Geoffrey

clifford Scheifele 05.06.09 at 6:01 PM

MartinThanks for your hard work.I fear a collapse of the U.S., which may take the rest of the free world down with it. The cause, the reckless lending patern of recent years. Now aided and abbetted by the reckless spending of the last few months and radical socialistic agenda.C.W.S.

Dr. David Johnson 05.06.09 at 6:01 PM

Martin,
I believe strongly that your assessment of our economic situation is “on the money.” I also follow Prof. Nouriel Roubini’s commentaries, and the two of you seem to agree on the outlook over the next few years. However, he seems to think we need more stimulus, and you believe that more stimulus will only prolong the inevitable. Is it possible that there is a middle ground- that stimulus could be somewhat helpful by increasing confidence? Also, I am wondering what it will take for the bear market balance to end. B of A needs 25 Billion dollars, and its stock goes up as does the market. When do you think reality will kick in? Are investors going to maintain their delusions, forever? Meanwhile, our inverse ETF’s are showing considerable pain and no gain!!!

Kent 05.06.09 at 6:02 PM

I agree with Todd Budde’s comments: term limits, fixed amount of taxpayer money for campaigns, campaigning allowed for 6 months only. How do we get voters to use common sense? Boycott the media, nobody buy their sponsors products. Dems, liberal Rino’s and the media are in control of the country and socialism is upon us. I am bombarded daily with email requests for monetary support from well-meaning, worthwhile organizations that are trying to save our nation from this Godlessness. Meanwhile, the left has an unlimited supply of cash and use it to implement our demise. I believe this same scenario has been played out before. Are we too late to save the ripening plum that is poised to fall? I hope not. God bless the USA!

Chris Hicks 05.06.09 at 6:02 PM

Dear Mr. Weiss,

Is this a good time to buy duplex or tripllex
multi-unit residential for cash ?

Also what number do I call to subscribe to your
financial subscription, what is the Cost, the Telephone Number,
and do you give a Discount for an 86 year young Senior ?

One of your Admirers
Chris Hicks

Egon Demuth 05.06.09 at 6:02 PM

How could so many financial establishments have been so irresponible for so long? So much ignorance and it still goes on. To WWII veteran Tom I have no knowledge about your constitutional amendments and proposals but sincerely hope that the many young lives in that and in present conflicts were not lost for nothing or for the benefit of free loaders on the gravy train that has now run out of steam. You should have thrown the UN out long ago send them back to the villages they came from most of them need another millenia before they break the shackles of ancient erroneous beliefs. You are the salt of the earth but unfortunately superceeded by a head less head less society that rested and climbed on your shoulders. Wake up America and Europe.

Don & Jan Ezelle 05.06.09 at 6:04 PM

Martin, a BIG “Thank You!”

Keep standing with / for us. May the Mercy of God be rendered upon
us in order that we may still have “the freedom, liberty and the pursuit
of happiness” among us. Once that’s stripped away, we have nothing.

“… If a man abides in Me, and I in him, he will bear much fruit; apart from
Me, you can do nothing” ~ John 15:5

Be Richly Blessed,
Don & Jan Ezelle

Chris Hicks 05.06.09 at 6:05 PM

Dear Mr. Weiss,

Is this a good time to buy duplex or tripllex
multi-unit residential for cash ?

Also what number do I call to subscribe to your
financial subscription, what is the Cost, the Telephone Number,
and do you give a Discount for an 86 year young Senior ?

One of your Admirers
Chris Hicks

Kathryn Scharf 05.06.09 at 6:08 PM

Hi Martin:
I’m a 72 year old widow who had the good sense to save money through the years. I own my home and so far have been able to keep it going financially. I’m in good health and would like some sense that I’ll be able to hold on for several more years. I have some investment, but have no financial trust in our government. I don’t know what to do with the money in the near future - I feel it will be important to have a plan. Where are we really going?
There are so many things wrong in this world today it’s hard to know where to start
addressing them. It’s most important that we keep our freedoms intact according to the Constitution - I can’t figure out who these crazies are who want to destroy our country. Did they not benefit from the good things through the years? I object to Mr. Obama being our president in respect to the fact that he didn’t grow up here to have that patriotic feeling most of us have - it’s just another country to him, I’m sure. The changes he’s making are not at all in line with what we the people want. We needed change back, not change forward. I could go on, but I’m sure you get how I’m feeling.

Dewey Izzard 05.06.09 at 6:09 PM

I would like to be able to read a weekly itemized accounting of the costs to run the White House and congress. The numbers that I hear are staggering. The government people should be leading by example, but the truth is that they want us to do all of the “belt tightening” while they don’t even feel one little pinch. At some point, the masses revolt and have the right to.

Esther 05.06.09 at 6:09 PM

I totally agree with Mary Schumaker, down to the last period! This is so disheartening that you do your best to elect officials to represent you and your morals and what American was founded on, and they get in office and do whatever they want, totally disregarding those individuals that put them in office. We need to make sure we vote them out of office next time around!

Kent Crawford, PA PFA (ret) 05.06.09 at 6:09 PM

Martin:

My analysis of the current economic situation probably differs little from yours. Here is a list of my expectations:

> When the economy finally hits bottom, deflation will no longer hide the government created inflation. Then we will quickly leap to hyper-inflation. I expect the inflation rate to be in the 12 - 15% range three months after the economy hits bottom;
> The current rise in the stock market is a function of hope over reason. I expect a huge drop in the market beginning in August or September, barring any other disasters such as a bad result from the Chrysler bankruptcy and the government taking an major equity position in GM, bankruptcy or no;
> I expect government energy policy, both the idiotic cap-and-trade plan and the failure to increase domestic supplies of gas and oil, to both fire up inflation as we pay for imports with weak dollars and to drive the price at the pump to $5 per gallon. This would ruin any chance of recovery, and cause another round of mortgage defaults;
> The administration’s desire to socialize key sectors of the economy, especially the health care sector, a la France, will foster a new series of business collapses, and accomplish nothing at great cost. This will lead to a ‘brain drain’ and ‘capital flight’ such as this country has never seen.
> By the end of the year when it is obvious that Obamanonics is a complete failure, I anticipate civil unrest, and perhaps various state governors re-calling their Congressional delegations for special elections. Other forms of a constitutional crisis are also possible.

Cheers,

Kent

Linda Dehut 05.06.09 at 6:10 PM

I am so thankful for all your efforts on behalf of America.

I am very nervous about the “train wreck” we can all see coming if the financial principles (or lack thereof) that are being used in Washington continue. Please keep us informed as to what we can do in our own little corner of the world to help make things better or possibly change the course of events. (if that’s truly possible)

Ardis Armstrong 05.06.09 at 6:10 PM

Since the recent presidential narrowed down, I’ve sensed that ’something is rotten in the state of Denmark.’ I now am convinced that We the People are being strong-armed into a reaction so that we will grow very restless, which will bring upon another presidential decree (the King hath spoken) interpreted by him as a major state of crisis: all guns become illegal, suspected leaders of resistance –rght-wingers including conservative radio shows, whoever speaks up with questions and insight–will be arrested, etc., causing, then, a huge confrlagration across the country, confirming the King that such a crisis deamns that martial law must be instituted.
Note: Social upheaval is the design of the corrupt power elite whose mission is to take over the people, the country, and more. (Read all about in not too distant history.) Even here and now the people are being cowed in some of the most prominent businesses and high places; now how will We the People in the general population react? Will we become intimidated by the King, Big Brother?
As I said, my insight on this situation came upon me early as I watched that winning smile and confident strut of a man certainly set in place by background powers in spite of his total lack of experience in business, politics or running anything of significance. My outlook darkens by the day!
What more can we in our senior years, now in our senior years and no longer active in the business and social arenas? Is it feasible to write letters by snail mail? I feel the e-mails I write may be discarded without getting through. ###

Herbert Hansen 05.06.09 at 6:10 PM

Keep fighting to stop the bailouts.

Thanks!

JOAN 05.06.09 at 6:10 PM

My sourse is from a Blog, dated May 6,2009
Also my hat is off to Carole!!! The word “OBOMANATION” hit’s the nail on the head.
By far, he is not the only FLY in the Ointment…

The result is a stalemate that could drag on for a while yet. As time goes on, the owners of the Fed are losing their power base as their global network is dismantled bit by bit. However, these people ARE NEVER TO BE UNDERESTIMATED and could do something really crazy.

The identities of the people at the top fighting the Feds worldwide need to keep their names secret for protection.

There are several groups who have huge physical holdings of gold and treasure who are united in opposing fiat based monetary systems because the owners of the fiat system have tried to keep these physical holdings out of the monetary system.

If these treasures were recognized by the global banking system it would mean a loss of power for the Rothschilds, Papa Bush, Rockefeller and the other owners of dollar and Euro printing presses. In other words, the Feds are being fought by Royal families and industrialists who have real treasure or make real things.

The latest I have on the situation in China is this:

The Emperor’s name is Chi Yuen Chin. He is a university professor. Remember, he is a Manchu not a Ming emperor. It could be there are also Ming royal family members with hidden treasure but I just do not know. 

He has truly fabulous amounts of treasure. To give you an idea of how fabulous, think about the national museum in Taiwan. There is a mountain behind the museum filled with treasure (ceramics, gold, government bonds etc.). Every year for the past 60 years they have changed the treasures displayed at the museum. Despite this, they have not come even close to displaying everything that is hidden in the mountain.

And this treasure is just one of several secret treasures hidden inside mountains. There are at least two of similar size that I know about on mainland China. I do not know what the Emperor Chin owns but it is apparently fabulous too. I also do not know what his views are.

The treasures I know about can only be used to serve the greater good as determined by a very secret but benevolent society. This society supports the creation of a new monetary system that is more fair to the people and living creatures of the planet.

There are other fabulous treasures in other parts of the world too, such as the Thai Royal Family Treasure and the British Royal Family Treasure.

Leaders of most of the countries of the world are also now united against the Feds. The Feds still control about half the Pentagon, a giant private army of mercenaries and spies, President Obama and his hypnotized human sheep, most senior politicians and the supreme court. Inside the US they are opposed by half of the pentagon, half or more of the people in US government agencies, state leaders and much of the intelligentsia.

The bottom line though, is that the Federal Reserve Board is bankrupt and all its owners can do is play for time and threaten to spread diseases and start war.

Thank You for your work to bring truth to whomever will listen.

Joan

Carolyn Johnson 05.06.09 at 6:11 PM

I fully agree with and echo what Mary Schumaker has written and I would also like to add that I fear the way our government is leading us into socialism. Also with the leadership we have now, I feel like our country is prime for an attack. Have they forgotten the terror and deaths of nine eleven? We need to feel safe and financially secure in our great nation, but we are losing that security very fast. My husband and I are also retired and we have lost much of our nest egg also. Obama promised to give every one that owned a vehicle a thousand dollars per vehicle, we still have not received our two thousand dollars. This is the kind of lies that were fed to the people and many believed him. It would be nice to have that money, but really, does our government owe us for owning a vehicle?

frank e. queen 05.06.09 at 6:12 PM

I am concerned about the Obama croonies acting as if they are children cut loose in a candy store,without supervision. They act like burning my tax dollars is some sort of a sick joke. The money they are waisting has got to be repaid, with tax dollars. I am also
concerend about govt. trying to run the banks, auto ind. insu. groups. They cannot run the fed. govt. much less private business. I wonder if they plan to take over the states that took the stim. money. Are they trying to take over the U.S.A? If we stand
by and let them do this,then we are as sick as they are. Robert Gibbs is a wolf in sheeps clothing,gaurding the sheep. What a joke.

ALICE HASHIM 05.06.09 at 6:13 PM

There is one area I need your advice on…NEW YORK MUNICIPAL BONDS (state & city).
As I live in NY, where the taxes are so high and rising, I am invested in a great deal of these bonds @ 5 %…they will come due from 2011 to 2032, they are AAA grade..(.I have sold some of the 2033, 34, 35, 36, 37 bonds on your advice not to hold long term bonds of any kind)… lowering my income of course. All these Bonds have improved over the past 2 months. I am very indecisive about selling them all off…as I need the income and cannot find equals anywhere else…WHAT DO YOU RECOMMEND regarding these MUNI’s?

Don & Jan Ezelle 05.06.09 at 6:13 PM

Martin, a BIG “Thank You!”

Keep standing with / for us. May the Mercy of God be rendered upon
us (Americans) in order that we may still have “the freedom, liberty and
the pursuit of happiness” our forefather(s fought for us. Once that’s
stripped away, we have nothing.

“… If a man abides in Me, and I in him, he will bear much fruit; apart from
Me, you can do nothing” ~ John 15:5

Be Richly Blessed,
Don & Jan Ezelle

Charles W. Buehrle 05.06.09 at 6:13 PM

Hello! Keep doing what your doing.
If we the people give more money to the Banks, then we deserve a FULL ACCOUNTING
OF EVERY DOLLAR GIVEN AND WHERE THOSE DOLLARS WENT AND FOR WHY.
QUIT SPENDING RIGHT NOW AND HAVE THE GOVERNMENT DETAIL A NEW BUDGET
AND PRESENT THAT TO THE AMERICAN PEOPLE FOR APPROVAL.NO PORK.
SECURE OUR BOARDERS AND STOP ILLEGAL ENTRY. ENFORCE OUR EXISTING
LAWS FOR ILLEGAL ENTRY FOR ALL THOSE CURRENTLY IN AMERICA ILLEGALLY.
DEPORT ACCORDING TO OUR EXISTING LAWS.
TRY TO PUSH EVERY STATE GOVERNMENT TO REQUEST WASHINGTON TO
STOP THE FEDERAL INCOME TAX AND IRS SYSTEM.
ELIMINATE ANY FEDERAL DEPARTMENT THAT DOES NOTHING FOR THE AMERICAN
PEOPLE AND IS NOTHING BUT A BLACK HOLE TO TAX PAYERS.
FIND A WAY TO PROSECUTE EVERY POLITICIAN THAT VOTED FOR THE STIMULIS
BILL,VOTED FOR THEIR OWN RAISES.
HAVE ALL POLITICIANS IN WASHINGTON TAKE A PAY CUT AND CUT THEIR
RETIREMENT BENEFITS IN HALF.
I HAVE MORE—-BUT TELL ME IF ANY OF THE ABOVE ISSUES WILL BE RESOLVED.
WE NEED A THIRD PARTY TO PROTECT OUR CONSTITUTION——OR MAYBE WE
NEED ANOTHER REVOLUTION TO PROTECT THE RIGHTS OF THE AMERICAN PEOPLE
—–NOT THE ILLEGAL PEOPLE FROM OTHER COUNTRIES.
THANKS FOR LISTENING.
U S ARMY VET.
NOT THE SAME COUNTRY FOR WHICH I WAS WILLING TO DIE.

Dennis Sessions 05.06.09 at 6:13 PM

We are able to re-call local and State elective officials, can we do the same for Federal elective officials, both House and/or Senate members?

MOLLY PETERS 05.06.09 at 6:13 PM

The present administration is intent on the destruction of the captalist U.S., and the establishment of a socialist, communist, islamic type regime. Everything they have implemented since January has been anti-American, secretive, dishonest, and without one care about the American public taxpayers. Both Democrats and Republicans are in line with Obama, or too weak to stand up. They all need to resign. Americans wake up!

E.I Cahoon-Jackson 05.06.09 at 6:14 PM

Golly, Martin, You are hitting the nail on the head… I’m wondering IF we will survive this ego-maniac’s practices with which he has NO comprehension, practice nor fundamental knowledge?? I would like someone to pursue the release of his birth certificate, CAN HE BE PRESIDENT? .. He has no historic loyalty to America as we grew up in it for so many wonderful years… now the financial worries for us seniors are overwhelming our daily lives and so monumental as each day passes that the future of our country looks so bleak that I wonder IF we are going to survive. I would like to see the illegals expelled and the aliens taken off welfare… to re-vitalize our financial woes….
It’s not going to happen, I know!! too many politicians have their fingers in the pot. I pray to our dear God that HE will guide us out and above this mess… Let’s try to put Him back into our government’s actions and see where things go. I pray daily for our release from the horrors of being miss led!!!! Thank you for what you’re doing for us… Elizabeth

Doug Shaw 05.06.09 at 6:15 PM

Dear Martin: You could do all of us a big favor if you could tell us what insurance companies are heavily invested in the commercial paper market so we can shift our investments away from the weak ones. Can you find that out and let us know? The coming collapse is getting scarier and scarier. We need to find ways to protect our limited savings from failing companies.

Patrick Higdon 05.06.09 at 6:15 PM

Mr. Wiess,

Thank you for delivering the petitions to Washington. I am convinced however that the memebers of Congress and the President are so intent on destroying this country that it will take a revolution to remove them and to bring back America’s glory.

Everyday I hear how the president has just threatened some company or industry with destruction if they do not capitulate to his desires. Most recently companies who owned Chrysler paper and who refused to take .29 cents on the dollar were threatened with the power of the white house press. This is shear thuggery and should not be tolerated in this office.

Please, if you can with your network, begin demanding of congress to do their job and start impeachment proceedings. I have written my congressmen but I have not received answers on this matter.

LeRoy Richards 05.06.09 at 6:15 PM

The way this President is throwing our money away could break the United States or put our children in debt for years. As far as I am concerned he has not done much for the Country except give jobs to people who did not pay their taxes, etc. Al Capone was put in jail till he died for tax evasion and that is all they had on him. Just think if he lived till now he may have been put on the Presidents Cabinet (personal opinion). I am for impeachment.
Thank You
God Bless

Kim 05.06.09 at 6:15 PM

Martin,

Thank you for all you are doing. My concern is the small business sector, ours is hemorrhaging. But guess what, we paid our taxes, so they could bail out some other large company. All this money going to the big companies who destroyed the future of our children by their greed and mismanagement. Just doesn’t compute.

Lyle Sharp 05.06.09 at 6:15 PM

Hello Martin , Thank’s for this opportunity. Banking Is a black hole as far as i’m concerned .They Raped us over and over again and it is stil going on . Thanks to the crooks that over see their fininances . Its like the fox in the hen house .Before I would invest more money in the Bank’s I wouid
arrest ever single person that is responsible . Strip them of the stolen money. and Return it to the people . Most of these so called experts & CEO. to feel what it is like to live on SS. like their victims do. And my thinking goes for the Crooks that destroyed Fannie and Mack . Let them fail . what would it be like if you and I could steel ever thing we could get our hands on and then screan loud enought to get more money,?
Thanks Lyle

John Lucas "Australia" 05.06.09 at 6:15 PM

Thank you for your advise. With $800 Trillion Dollars of derivites loose in the market one must surley wonder where all this will end, if ever. While Australia is not effected to the same degree as the USA. many pensions funds have suffered. Your solid advise is much appreciated and sometimes fowared on to our own Politicans.The famous greek philosopher who once said ” In order to have a good social democracy you must challenge it daily”
Your doing a great job at that. Thanks.

Dorothy Schuette 05.06.09 at 6:16 PM

We are going down the wrong road in this bail out mess…too bad that they didn’t just let the market take care of itself but that is moot now. Paulsen and Bush played right into Obama’s hands for taking over every aspect of this country by setting up the bail out. It started with bailing out one and turning its back on Lehman Brothers and allowing them to go under…It was like dominoes after that, who wants to buy up bad debt, especially of such magnitude. I really don’t think that they were aware of the consequences of undermining Lehman and what it would do. It seems as if there is nothing but chaos in Washington, almost scriptural when you read the Old Testament.

Anna 05.06.09 at 6:17 PM

Dear Martin,

My biggest fear is that Obama and congress (especially since Specter is now a dem) are on a roll that will not be stopped by anyone, except maybe by a revolution. Unfortunately, as the French have already stated, Americans are weak and go along with whatever the goverment wants to do.

Obama’s plans seem to be far reaching (mostly in our pockets) but also as far as our individual freedom to pursue our lives the way we want to.

And though I know that a lot of democrats will be voted out of office in 2010, I’m afraid that everything that Obama wants to do will be done way before then. And not that the republicans didn’t do the same things. We’re done in as far as I am concerned and soon will be either a socialist or a fascist society.

I think that what really jolted me into this new reality is when Obama had the press conference about Chrysler and stated some investors were not going along with his program and indeed these investors were threatened by the white house. In America? Are we sure this is still America?

I want to thank you for all your hard work and for delivering the petitions but I do not for one second believe that it will do any good. I think congress just laughs at us and goes on with Obama’s new agenda as if we didn’t exist. After all it is Obamanation or better put an abomination.

God bless us all, we’re really going to need it with this bunch of evil bloodsuckers in Washington.

Sincerely,
Anna Aldredge

howard kinstlinger 05.06.09 at 6:17 PM

Martin,
It seems to me that the new so-called fiat/chrysler/uaw/us/canada car company will have a vested interest in higher oil prices.
What does this say for our future energy policy?
Who would buy a car from this foreign car company and how does conflict of interest enter into labor relations?
Howard

Joseph Mestan 05.06.09 at 6:19 PM

Thank you Dr. Weiss for your honest and accurate opinion.
I have been competive all my live.I played sports with everything
i had,i worked my tail off not only when i was in sports but when
i got my first job till my present occupation.What Congress is doing
is weakening our country.We have hard working American’s that want
a better life style for themself’s and peer’s.It use to be the harder you work the bigger the reward!I do not see the reward anymore.Corporation’s
get more production and more profits but do you see the middle management get a increase in salary,no just bonus’s to CEO’s.
I’m sick of congress getting involved in business.Stay out,capitalism
work’s!But only when they are left alone to succeed or fail.

Thank you again
Joseph Mestan

Robert Paul 05.06.09 at 6:19 PM

Martin,thanks for speaking out for us. I am still concerned over the Billions we spend on illegal Aliens,I very concerned over the future of our healthcare if we are stupid enough to change to a U.K. or Canadian system.The unfunded Social security is a real concern. Where is the Dollar going and how to keep solvent-well I’m depending on you to tell what to do.I have followed your advice for quite sometime and I’m in a very defensive position. I need divdends to stay above water and that is scarry.
Robert

Marshall 05.06.09 at 6:21 PM

Would impeachment procedings temporarily halt this assault on honest americans?

Roy Wayne Peer 05.06.09 at 6:22 PM

Dr. Weiss … Hi

Thank you for going to bat for America. We all appreciate it … more than I know how to say. Thanks.

Roy

wanda jacobs 05.06.09 at 6:23 PM

I am very concerned about my retirement income. My husband put us in mostly the banking industry and mortgage companies. These were the safety investments we thought. Who would ever have thought the banking industry would plummet. I am a 77 year old woman alone now and am very concerned how I will live if this continues. We worked hard and saved our money to have it given away to people who did nothing to deserve the “goodies” they were given. We didn’t have the same considerations when we bought our home, we had to pay for it. Thank you for your hard work for all of us.

letty lederman 05.06.09 at 6:24 PM

Like Dr. Johnson, a previous writer, my inverse ETF’s are killing…..why do they announce that the banks need billions more and their stocks keeping going up..the worse the news about the economy, the higher the stock market goes??????

Patrick J Timmins 05.06.09 at 6:24 PM

Question.

1. What is the story behind Chrysler? It appears to be a bailout for UAW. I do not understand how this could happen. The Cherebus Owners look like they gave away all their interest fo 0$.
The stock owners got 0$. The bond holders maybe get 10% however Uaw gets 55% ownership with 9% interest . Where is the justice. Rattner the car Tsar was a former Democratic fund raiser having received millions from UAw how can he be partial??
Seems like Obama is on a royal tear?????

Thanks
Patrick

Darlene Mockler 05.06.09 at 6:24 PM

They say Social Security recipients will not receive cost of living for the next 2 years. What I’m wondering, will all of Congress receive their big pay raises next year? They shouldn’t receive any raises for the next 10 years.

Thank You.

Mark A. Speer 05.06.09 at 6:24 PM

Stop all bailouts! Not one more! I haven’t received any bailout and if my business were
to falter the response would be: that’s business, or that’s the breaks, and I would have to suck it up. Let the banks and housing market struggle like I do, period!

G Conachan 05.06.09 at 6:25 PM

Martin,

We have a major problem in this country. As far as I see the vast majority of our politicans (especially the liberal left) don’t get the picture when it comes to working within a budget. You can understand why our managing government has no problem continuing to throw good money for bad when they can’t function within a budget in their own capacities. Their solution is add more overhead and raise taxes. We cannot tax and spend our way out of this problem. When are we “the people” going to get fed up enoungh and start holding our politicans (President, Senators, Representatives, etc) accoutable and decide to regain control of our collective destiny’s. Remember the cruise ship in the Mediterrian that was taking on water and sinking, the ships captain and crew got in life boats to save their own bacon and left the passengers to deal with the sinking ship. That’s exactly what we have going on in this country, the ship is sinking and all the key people are making sure their backside is taken care of, screw the passages (namely “we the people”). All of us as smaller business owner’s have the responsibility of operating our business on a budget, controlling our overhead so we don’t take on water and sink. We have to do the same on personal level when it comes to finances. The best investment we can make in the future is to strip government, trim the overhead, minimum 20% cuts in salaries of all key government people (management). This current administration is so concerned with operational plans of General Motors, Chrysler, the Banks, etc., when our deficit keeps mounting, do you think they would take a look at their own financial plan. We need major auditing of our government from top to bottom, cutting wasteful spending, cutting positions that accomplish nothing and a financial re-organization now before its to late! That’s the best investment we can all make, to assure that this country will survive and be here for our future generations to enjoy.

Respectfully,
G. Conachan

jdk944 05.06.09 at 6:25 PM

We must ‘not grow weary in doing what is right or good’ but it’s becoming more and more challenging when MOST of our Politicians and Main Stream Media are clearly CLUELESS and DISHONEST!!

I’m 55 years old and have never feared for our Country as I do now. There was discussion when President Obama was elected that we could get him out in 4 years. The problem is much bigger than him and at this rate, WE DON’T HAVE 4 YEARS!! A full blown ‘revolt’ is what is needed. Oh, that makes me a ‘terriorist’ according to the latest bulletin on ‘terriorist trend’s doesn’t it.

Keep up the good fight. Let us know WHAT ELSE we can do.

Jeff Rich 05.06.09 at 6:25 PM

First off Martin I would like to just say thanks to you and your staff. Also, I would like to thank everyone who signed the petition.

As far as a question for the criminals in Washington. Maybe ask them if they have any idea how fast the number of registered Independent voters is climbing? I believe both parties efforts to divide this country have worked for a very long time(divided we fall). But guess what, that bubble will also burst. It’s about time for the grizzly’s to wake from hibernation.

Do they really believe people think they have OUR best interests at heart any longer?

Ya know what Martin, I don’t believe they care what we ask. They don’t care who they step on. All they care about is $$$$$$. I think the decent people of this world will be subject to the same fate as those who create it. I simply hope You and people like you won’t forget to inform myself and others when the changes in the weather are coming so we can prepare as best we can.

I AM PISSED. I have lost my business, my home and everything resembling my former life. Anyone want to buy an awesome dumptruck….. LOL I’m not rich enough to be supported by those less fortunate.

Maybe ask them if they are proud of what they are doing?

Once again, THAAAANKS
Jeff Grizzly Rich

Phillip R. Bruner 05.06.09 at 6:29 PM

Dr. Weiss;

I came out of financing and banking, and I am in total agreement with you on this bailout. The only good recourse is to let the banks and other companies to go down the drain. Also, we need to get back honest lending. Show me a loan where the person has no money or sweat equity in the property, and I will show you a loan getting ready to go bad. We also, need to stop putting unrealistic values on properties. I call these values California or Florida values. Not everone can live in a or should live in a 4,000 sq.ft house. Most people only needs at most a 1,500 sq.ft. house to lay their head. Keep up the good work. Question, are all of the schools turning out people like Summers, Paulson, Bennacke, & etc.? It is obvious that these people do not live in the real world.

Virginia L Thomas 05.06.09 at 6:29 PM

Dear Mr. Weiss

Thank you for your hard work. I am very concerned about the radicals in congress.
There are some with extremely big egos and I think they will do anything to get their
agendas pushed thru congress.
From what I have read, they are planning to take money from Social Security funds and give to illegals. They have been taking money from the fund for a long time for any
pork barrel project they want and I think that is wrong. I am retired and have lost
quiet a bit in my 401A. I live on my retirement and social security and wonder if I will
even have enough to live on for the rest of my life. There are many others in the same
situation. It seems that Pres. Obama is more concerned with giving stimulus packages to banks, than finding out who caused the problems. Congress should pass a
balanced budget. I think that you should be Treasury Secretary!

I just purchased your new book The Ultimate Depression Survival Guide. I hope to read it within the next few days.

Thanks again for all you are doing and I will gladly sign any petition that you have.

God Bless!

Sincerely,

Virginia L Thomas

Mary Jo Leake 05.06.09 at 6:30 PM

Martin,
Thank you so much for Grassroots. I feel like “someone” understands how I feel. I am truly frightened and distressed at the direction our nation is going. I am 61 years old and the America I have known and loved is being destroyed daily. The government is way too big now and seems to be daily taking over more and more of our private liberties.
The abuses of power by this administration are incredible. Using reconciliation to push through the left-wing agenda that is destroying this country.
I don’t know where or who the AP is polling to say Obama is so popular. No one I talk to here in Kentucky are happy about what is happening. I am one of the TEA party organizers here in Bowling Green and if we could we would overthrow this administration. I am afraid too much damage will be done by November, 2010.
The other thing that is so distressing is how the states are making same-sex marriage legal. Leftist judges are ruling and not putting this before the people. I think that if there were referendums this would be outlawed. It is disgusting and against Christian principles. The most liberal state, California, voted against it. Of course, this administration is against everything Christian anyway, it is so obvious. I truly believe he is a Muslim. He is destroying America and has made America a “wimp” to the other nations and set us up for a terrorist attack. I believe it is coming.
My husband and I are so concerned about this we are storing food, water and ammunition in the event commerce is interrupted. Sounds extremist? This administration is extremist.

Helen Berger 05.06.09 at 6:30 PM

Hi Martin! I learned about the ‘oh heavens! lets don’t call it conspiracy’ to create a world government about 45 years ago. Someone gave me a book called ‘Conquest or Consent’ by W.B. Vennard. Then someone gave me Paul Robison’s book ‘Proofs of a Conspiracy’ which was written about 1778. I have watched the New World Order come about with patient gradualism and I am convinced it is here. My pastor also taught us the Bible prophecies about the last days back in the 1960’s and I believe ‘the end times’ are here.
A great site to send folks to who want to know how we got here..and what is going on is Devvy Kidd’s website. The woman has done years of investigating and making files on who is involved in the whole process. Brilliant woman. I would like to see you put her name out there for folks to check into. Thanks, Helen

Janice Suchy 05.06.09 at 6:32 PM

Thank you so much for taking up the cause for us to stop the Bailouts.
Jan

Karen 05.06.09 at 6:34 PM

I would like to see a halt to the bailouts, I would like to have congress put under audit to see where they spent our taxpayer dollars. I think we should abolish the Federal Reserve. I want the government to stop with legal plunder. We cannot sustain this level of spending.

Sandra Leathers 05.06.09 at 6:35 PM

Dear Sir
Thank you so much for what you are doing.There are so many things that I am concerned about,that it would take all day to list.I am really concerned about education in our country for one.Obama wants to make all students that want the government’s help to get student loans to give their service to the government.The student loan process does not need to change.I wouldn’t want the government telling my child what they have to do to be able to afford college.Also I don’t see this administration doing anything to help education.Teachers need raises.In NC. where I live,teachers just got a .05% pay cut.Teachers here have to spend money out of their own pockets to have what they need in their classrooms.And schools here are always coming up with raffels and other ways to make money.There is something wrong with this picture.We also have schools that need much renovation,and too many students attending.Maybe that’s why the student’s in this country are so far behind many other countries.Our education system needs to be overhauled,but the reps in the White House don’t care,they send their children to private schools,because they can afford to.
Thanks for listening.
Sandra

Bill Beers 05.06.09 at 6:35 PM

Rumors from the “stress test” will be settled tomorrow. Having said that, the leaks are hard to ignore. Except for Citi, the New York Banks pass and all the rest are said to require more capital. And compared to Citi at $5 billion needed, the non-NY banks that have had numbers leaked, all need more than Citi. Incredibly, JPM with all that off balance sheet derivative risk does not need more capital. (I suspect that’s because all the capital in the entire world will not solve that problem.) Citi is likely to be the one most likely to fail next… unless the courts award a significant settlement to them in their lawsuit against Wells Fargo.

Is there any coincidence that the NY Fed and except for Citi, the NY Banks are all in NYC???

If Congress and the President keep following the advice of the Fed (aka NY Fed + NY banks), more states will follow Oklahoma’s suit of raising States’ rights under the 10th amendment.

Echoing Rick Santelli’s words, “Are you listening, Obama?”

For a government that claims it’s trying to build trust with the public, they are failing miserably with me. Keep up your good work.

God Bless,
Bill

Ron James 05.06.09 at 6:36 PM

Myself, i’ve been outraged with “our” gov’t for years now. D.C. knows only two things — 1) raise taxes on hard working Americans - 2) spend money that’s not there. Big bail outs don’t surprise me, businesses are being operated like the federal gov’t.
It is past time for U.S. citizens to vote out CAREER politicians and vote in middle class candidates who know what it’s like to have to work for a living. Common sense seems to have disappeared in all levels of gov’t

Weber deVore jr 05.06.09 at 6:36 PM

Hi Dr. Martin,
Thank you for presenting Washington leaders with our petitions to stop the bleeding of the treasury.
My concern is no different than any one else’s: stop the economic bleeding.
BTW, that is also the first rule of first aid - That is if you want your patient to live!!!
I am retired, with no morgage, living on pensions - just want the government to protect its citizens from the vultures, although I am convinced that the inhabitants of the white house & some in congress are the vultures eating eating our country alive!
Sincerely,
Weber

Kirk H. Pasche 05.06.09 at 6:36 PM

Hi Martin; I think I have a solution. The government wants everyone to skinny bone down and give up a little quality of life to help the economy. Well I think they could make it all possible by leading by example. Starting with the president right down through congress and all government employees could take a five percent reduction in pay. That would save a tremedous amount of money and make the little guy feel like they are doing their part rather than just a lot of talk. Thanks Kirk H. Pasche

George C Atknson 05.06.09 at 6:37 PM

I would like to know what the status is on the president’s proof of his natural born citizenship. I see very little print about it and a attitude of “no concern” from members in the senate and the congress. Just who is responsible for determining and verifying the eligibility of our presidential candidates? I wrote my congressman about this very subject with no reply. If it is proven that Obama was not eligible to hold the office of the President, what then? This concerns me deeply and I would like someone in the know to address this.
Killeen, Texas

Rita T. LeDoux 05.06.09 at 6:37 PM

May God bless your efforts! My concerns center around the economy but my biggest concern is the moral fiber of our national government! They will go to great lenghths to save the environment for the young, but they’re killing those young by the millions through sanctioning abortion! It’s so wrong!

Bruce Mauk 05.06.09 at 6:38 PM

I am not an attorney with the knowledge of the constitution but i think it’s time to start looking to the constitution to put a stop to the socialization of our great country but then maybe i am wrong (i don’t think so) Bruce Mauk

Dave Kilburn 05.06.09 at 6:39 PM

Martin; thanks for delivvering this petition to Wash. Now lets work on the 2nd admt. and all others that this “goverment” is trying to destroy. We are all around them, I believe that, and if we can find a conservative person to stand up and fight for us, I know we can turn this country around. God Bless you and yours

Lawrence Sherby 05.06.09 at 6:39 PM

1) The markets seem to have already priced the stress test in, and due to “leaks” we have already gotten a look at who will need what in terms of additional bail out monies. I will opine that the results will have little to no effect on the market. We seem to want to remain in denial. And anyway, the stress test really was not so stressful after all.
2) Commercial real estate defaults: This will provoke some wild and wholly responses. I think that the banking sector will really take a shot here, but not all at once. They will start to decline again. This should cause more unemployment and if the gold buying public thinks that even more money will be pumped into the banks we could see the price of gold surge. More money printed and spent. Inflationary, don’t ya know.
3) As to what will go up. Good question. I believe that there is an inverse ETF for real estate that might cover this section of the market. But has it already priced the commercial real estate decline in? Gold “could” go up. Then again, I seem to be somewhat of a monomaniac when it comes to gold. I need help in thinking outside the box. This is why I am now a subscriber. I look forward to reading your responses and the opinions of others.
Thanks,
Lawrence Sherby

Betty 05.06.09 at 6:40 PM

I feel that we are losing America. My parents were imigrants from Europe. They learned to speak English, they both worked hard. My father a miner and my mother worked in the sewing factory. They did well for themselves and four boys and one daughter. The four boys all wer in the service and fought for this country. They built their own house and never asked anyone for a dime. The voted in every election and followed all the rules of this country.

I am a widow, 71, am still working after retirement to make ends meet. I had money in the stock market and lost most of it. It wasn’t that much but it was to help me a little. I am tired but am paying $730 a month in rent, paying for life insurance policy, medical insurance and the basics and live from pay to pay. I am worried that rent will go up as well as the groceries going up, the gas going up, cost of living is going way out of control

I want to thank you for the hard work that you do keeping us informed and trying to block those that want to take eveything away from our. We have a beautiful country, have our freedom (for now) and are all different.

Thanks

Christopher Birdsell 05.06.09 at 6:41 PM

This so called bailout is not what this Country needs. This money, if it is going to be allocated, should be allocated to contractors, plumbers, electricians, drywall hangers, etc. In other words, this money should be used to erase city blight, reconstruct hurricane distruction in the south, or any other devestated area, create very low interest rates for low income families to purchase housing built by contractors willing to do so. Make all contractors accountable for their funding. This would create jobs, jumpstart businesses, create disposable income, alleviate the mortgage crisis by enabling families to repay their mortgage, thereby infusing banks with money…… It would also restore alot of faith in Government, something which is lacking currently. Without this type of economic stimulation, the recession will last for a very long time. It is high time our Government looks after its American born Citizens, instead of taking care of the world. Why do we have to come to everyone’s rescue? Why can’t we charge other Countries for our Military Expertise and recover the immense costs involved? Why can’t we wait for another Country to contact us for assistance where our Military Might is required? Why can’t we negotiate a fee and have it wire transferred into the United States Treasury before we begin a Military Exercise in a foreign Country. They either pay or we don’t go. Leave them on their own. Take care of our own Country and its Citizens for once. Finally, why does everyone in the entire world have to know our secrets? If a top secret Military Exercise is taking place, leave it that way, don’t alert the enemies of our Country in on our secrets. Why does our government employees leak information? I could go on and on and on and on………

Annell Geraci 05.06.09 at 6:41 PM

Dera Mr. Weiss,Thanks for taking on congress.They all need to be “ousted”and new blood put in.Also their pensions for life need to be taken away and live on what they have already “stolen”from us,the taxpayers.They dont pay into Social Security so have no guilt in handing over our’s to illegal immigrants.Shut down our borders,send all of the illegals back to their home country.Let them take on their bad governments instead of our troops taking care of the world and then coming home to people like Jane Fonda,etc.We have people in congress that cant even get a credit card because of their bad credit yet they are the one’s telling us how to live.Yes a murderer is in there also along with adulterers,liars,theives and everything else immaginable.Just getting off my chest what most people are saying. Thanks for listening. Ann

Humbert J Bergami 05.06.09 at 6:42 PM

Your dad would be very proud of your standing up for the American people and the Constitution. I am too!

J. R. Jim Ford 05.06.09 at 6:42 PM

Dear Martin — sounds like you are getting good visibility for the economic impacts — ACTUALLY. I personnally feel the economy is a really trivial part of the total problem — our President is literally blasting our country apart — payng no attention to the constitution —

I think we should draw attention to the lack of birth certificate by nailing the feet of the Presidential Nomination Committee to the floor and determine how any candidate succeeded in getting through the process, even to being elected, without clearing all the needed wicketts. Press them to back this situation out!!!

One would think he is a fully vested dictator the way he is plowing new courses and policies with other countries.

Someone should be taking him to court, the earlier the better! I think that Allen Keys was set to do it — as another candidate bringing charges that had to be considered! ????

It will take a bonified miracle from our Father-God to bring this matter to a head and save our constitutionalll way of life — “UNDER GOD”… we need to heed the many “wake up” calls that are being transmitted every day!!

YES — WAKE UP AMERICA — EEUROPE IS PROBABLY GONE!

PRAYING FOR HIS MIRACLES, Jim Ford

====================================

George Bloom 05.06.09 at 6:43 PM

Dr. Weiss:

I have been monitoring the pace of foreclosure filings in Broward County FL for well over a year now. As recently as today (5/6/09) I checked the county website to discover that the pace of WEEKLY foreclosure filings continue to hover around 4,000 to 5,000 each and every WEEK! This has been going on for well over a year that I know of.

My question is what are these banks planning to do with the untold millions of homes that they are taking back via foreclosure. Even more importantly, what do you think the effect on our already battered and weakened economy is going to be in a year, two or three with millions of empty unsold homes just sitting around?

I for one am convinced, and have been for quite some time, that you and your team are seeing our situation in the clear light of reality while the leaders of our nation have their heads stuck you know where.

I can only pray that the devastation which is bound to occur if things don’t change will not permanently damage this great country.

Keep up the good work.

CLINTON ARMSTRONG 05.06.09 at 6:44 PM

Martin, you asked what is concerning me. My concern is the lack of responsibility of the press in putting forth their doctrine regardless of the truth. I would be thrilled to hear honest accurate reporting in the media, financially and otherwise . If it wasn’t for your newletter I would have lost money in the crash, and unfortunately most of America is victimized by the “news”.

Donald Lively 05.06.09 at 6:45 PM

Mr. W. - why don’t you press the “talking heads” to socialize how those four Marxsit scholars came here in 1933 to imopose their “Critical Theory” Marxist dogma on America. This, by hitting Columbia’s Teachers College and J-School - their goal, to destroy our model of the West’s 2000 year-old Christian-based culture. Their campaign to transform the family, faith, education, morals, media, entertainment, history, parental control, politics, judicial, et al - is largely complete. Yet, or over 200 folks I’ve queried - just one knew whereof I spoke. If every voter had read Wm Lind’s “Who Stole our Culture”, or Linda Kimball’s “Cultural Marxism” - McCain’s address would be 1600 PA Ave.

Regards from a decades long Weiss family admirer.

Don Lively
Lafayette, CA

Patsy Hardister 05.06.09 at 6:47 PM

Thank you for being a voice that can make a difference for many of us who would not be heard otherwise. I am a retired teacher and have been very conservative with my spending habits and am heart sick that the government is imposing financial slavery on my children and grandchildren. I have been notified that I will be receiving $250 as a social security recipient. How ridiculous that is because I don’t want my children and grandchildren to be paying back for such rieckless government spending. I have just called the TRS in Alabama to request that they add back the $65.45 per month that was previously taken out for taxes but was removed from my retirement check beginning in April. They assured me I could have this corrected by completing a form they will mail and then return the form to them. The reason is that the tax chart they have been given is not accurate. Always an excuse , but never a valid reason. But I guess that’s what you get when you have a tax thief as treasurary secretary.

Thanks again ! Please keep it up on behalf of us and America.

Patsy Hardister

JOHN REVISORE 05.06.09 at 6:47 PM

DEAR MARTIN,
THE TAX PAYERS HAVING TO PAY FOR ALL THE BAILOUTS
CONCERN ME.ANOTHER TOPIC YOU LISTED THAT CONCERNS ME IS
ALLOWING ILLEGAL IMMAGRANTS FROM MEXICO INTO OUR COUNTRY.
THEY HAVE BEEN COMING IN DROVES FROM TIME TO TIME.I WOULD LIKE
TO SEE OUR COUNTRY PUT AN END TO THAT.
SINCERELY,
JOHN

Janett Rennick 05.06.09 at 6:48 PM

Frankly, I don’t see anything clearing up at all. The government and politicians leads an example. The overall spending can be reduced if it was thought of as their own household. We need leaders that will treat the budget with respect. When all companies and people see the results and responsibilities, then we will see change for the better.

Sharon Wilderman 05.06.09 at 6:49 PM

Why don’t we send all illegals(unlawful citizens) back where they come from; our education and health care would be affordable to all Americans then; then drill for oil in America and then see how much money we could save, be independant of those nasty oil countries who dangle those high costs in our faces. Also have term limits and one line item veto, see how the congress would vote then.

Luis Tijerina 05.06.09 at 6:50 PM

I was wondering if you have heard of this and if it is even remotely true?

That’s because - at this very moment - the U.S. Government is considering a radical plan that could sabotage those hard-earned retirement dollars you still have socked away.
I call it the “Obama IRA” - and it could become a cold, hard reality for millions of Americans in just a matter of months.
Here’s what the “Obama IRA” means to you:
ZERO control over your own retirement assets…
A “Guaranteed” rate of return that is only guaranteed to ensure you’ll never make back what the market has taken from you over the past 12 months…
And a front-row seat for the inevitable collapse of the U.S. dollar… along with the financial chaos that will follow.
On October 7, 2008 - at a committee meeting held at the U.S. House of Representatives - an idea was floated that would eliminate tax breaks for 401(k)s and other retirement accounts…
But the idea didn’t stop there.
The idea - presented by economics professor Teresa Ghilarducci - also included a suggestion that the government actually confiscate 401(k), IRA and other retirement accounts and convert them into something called “Guaranteed Savings Accounts.”
These Guaranteed Savings Accounts - something I refer to as “Obama IRAs” - would take away your ability to manage your own retirement account. Instead, you would simply be paid a fixed return of three percent per year.
No more… no less. And absolutely no freedom whatsoever

Clarissa Bohrer 05.06.09 at 6:50 PM

As a child I lived through the Depression of 1929 to 1933. We as a family worked together to make ends meet. We had needs……not wants as is the criteria of today’s generation. We do not need monies to stimulate purchasing for the economy. Put people to work…..not under the government control. We are heading to Socialism under the present Congress. It has not worked for Canada, Germany, France and Russia under Communisim. Get the mothers back in the home and family…….rather than bigger and larger homes, causing two parents needing to work to pay the bills of wants.” And we need a Revival in our lives. Call on the Lord and He will hear us. He will never leave us destitute.

wayne larsen 05.06.09 at 6:50 PM

we may win one or two of our problems with congress but that is not enough for me and a lot of other people i know. the only way i see to have a fighting chance is to start a big push for term limits. we have to get the professional politician out of office. i believe our founding fathers did not intend for career politicians. it will be a big job but it will get congresses attention.

Kathleen Connors 05.06.09 at 6:50 PM

Thank you for delivering the petition.

My greatest concern is, of course, my children’s future. I have two daughters - one in 11th grade and the other in 9th. My husband has been disabled since our youngest was 4 months old. We have done without for a long time and we’re trying to be more frugal. I get frustrated and angry when I think about vacations we did not take, gifts we did not give to family and recreational activities we skipped due to not having enough money. We did without but large companies and our government don’t know enough to rein in their spending. I can see my local government and school district spend as if the money will magically appear.

Besides signing a petition and making my opinion known by whom I vote for, what can I do to help change what’s happening?

Martin 05.06.09 at 6:52 PM

I would like to report from the front lines that the wave of issues in the commercial real estate mortgage sector is real and just starting. I work for a formerly well capitalized developer investor and we are seeing no easing in the credit market at all. There are a lot of good projects, with decent fundamentals, that are about to be in foreclosure. The banks (big and small) are asking owners to either pay them off (impossible) or refinance them out (impossible because no banks are making new loans) or sell the asset (impossible because the buyers can’t get a loan) or making absurd requests for restructuring via paydowns and interest reserves. I am not talking about the conduit / securitized loans that get all of the press, rather the plain vanilla bank loans. The lack of flexibility and willingness to work with good projects has already driven many of our competitors into bankruptcy and the situation is about to get a lot worse in 09. Fo rthose in commercial real estate, this ride has just started and for those looking for tremendous bargains, the day is certainly coming.

Martin, I am curious if you study the REIT universe as it seems to be showing some very large discrepencies between asset value/cash flow vs. market pricing? I am trying to evaluate some opportunities but am curious if you have an opinion.

Jimmy Johnson 05.06.09 at 6:52 PM

The only things I see, as investments for the future, are gold, silver , oil and uranium. Thanks for all the good work you do: I just hope it can have some effect on those so-called elected officials. Jimmy

Jackie 05.06.09 at 6:53 PM

We need to stop funding the illegal aliens that come into the country and send them back to their homeland. We need to strengthen our borders and stop them coming in.

We need to stop sending good money after bad to bail out huge corporations who are taking the money and still declaring bankruptcy.

The government needs to stop “fixing everything” and let the companies find their own way. Government has no right to take over private industry. It has been proven over and over again that privatizing services and businesses has been the best way to solve the financial problems of our government and it stimulates jobs as well.
When our government controls everything it takes away the incentive the people need to improve the situation. Every “socialist” country down through history had the same trouble and when the people were allowed to take over and privatize goods and services, the country prospered.
Jackie

Haydn Kuhns 05.06.09 at 6:53 PM

I am not very wise when it comes to politics. But, this I do know, this Barak Obama,our so-called president is going to ruin and disgrace AMERICA. I used to be a liberal and switched to Republican, Why? As I grow older I can now see that the Liberals are trying to take, over the USA, they are trying to enstate Gun Control measures that are useless, we already have enough gun-control laws, they want to take away the 2nd Amendment and also the 1st amendment. in other words the Liberals want to take control of our citizens lives, tell us what to do and what not to do. In other words the Liberals want to think for us. Obama tells us to conserve, but yet Michell can go out and buy a $450 pair of tennis shoes,(unreal), Pelosi can fly to the west coast every weekend to visit her family to the tune of 600K per week at tax payers expense. I could go on and on,but these are just part of my reasons to be a conservitive.

shell trivett 05.06.09 at 6:54 PM

Hi Martin, thanks so much for the update of our petition. What concerns me?
The idiots in the very upper class business world who claim millions and millions of dollars they will never need in ten lifetimes. They do nothing to earn it but have a title tacked onto their door. I would love to see these over paid under helpful morons live pay check to pay check as I and so million of others do. Or better yet, go a year with no salary, no income, none like my brothers and sisters here in the United States are doing.These bank bailouts are totally redundant right now, who can afford a loan, a car or even a new house? How can we pay on something when our dreams of owning and being fully American are totally shattered by these imbeciles(spelling)? Yes I work, I have a good job for now. But these bailouts should be available for my fellow Americans when they can’t see the sun for the storm clouds overhead. So many lives shattered, children panhandling with their parents when they have no home, can’t go to school and God only knows the last time they had a good hot meal. What about the futures of our grandchildren> Will they be free to carry out the American dream> I think not as long as this crap continues.
Do something for the true American public> the hard working natural born Americans. Show them a light at the end of their very dark tunnel, give them back their hope and faith in our government.
God Bless us and America
Shell

stockdragon 05.06.09 at 6:55 PM

I saw the early news leaks on the three big banks stress tests. It is pretty much what I expected from govt lackeys. They are pushing the thought that Bank of Am will need to raise the 34B from private sources, and same is true for citigroup & Morgan, chase grp.. Of course we know with the other 16 banks who have failed without more funds — that most if not all of the extra cash will leak from the treasury presses. What a farce! The mkt will likely do a pull back Thursday, but Govt might put out some optimistic BS to try to counter-act the negative news. The major U.S. news media is in the govt pockets.. since they know govt controls their govt licenses and gives them some printing pork from time to time.
I have already observed here in Big Dallas, that there are increasing vacancies in the strip centers, Malls and office buildings. This commercial debt is going to be larger than the liar mortgages collapse in dollar numbers and will be the monster that will make the stress test on banks look like kindergarten tests. Banks will have more of this in their books showing red numbers and in true business accounting methods they will truly be broke and I don’t see the govt being able to print that much money even if it is backed with hot air.
I can only see having at least some gold coin, bars and gold/silver mining stocks in at least 10 to 25% max part of your assets as an insurance policy only in case of inflation, dollar dropping or/and financial collapse world-wide. The rest should be in sectors people & co’s need to survive in a depression like food, energy, staples, utilities and pipelines. All co’s should be dividend paying and not have “goodwill” showing as their major asset in their balance sheets. You be surprised how that goodwill number is being puffed up by extravagant bonus-seeking ceo’s in their books. You might be surprised what you see as part of their total inflated assets.
Martin, as usual I like “your moxy” in tangling with the Washington carpet-baggers. Keep up the good work you are doing for the good-ole-U.S.A., thank you!

mike horrell 05.06.09 at 6:55 PM

Thank you for everything you are doing. It is just a matter of time before we just collapse, there is no way we can kepp printing money with no ramifications. The stock market is giving a false hope that all is well. This admistation is doing nothing to help out the little guy It is all talk but no action. Unemploment is NOT going down nor are the foreclosings on homes. Im a very concerned AMERICAN!!!!

Thank YOU!!

james meahl 05.06.09 at 6:55 PM

Things seem to have gotten better for the last 2 months, don’t know how long this will last, but I expect there is a good chance things will get much worse when the obama euphoria wears off and the price comes due for the deliberate philosophical attack on capatilism has to be paid.

K. W. 05.06.09 at 6:56 PM

Thank you for your commentary. It’s always refreshing to read something about someone who doesn’t have their head…

question:
If the stock market does decline on a huge pullout from investors (and some say that the big funds are the reason for the bear market rally), in the short term, does it even matter what stocks you hold? Won’t all stocks decline due to the decrease in volume (supply and demand)? I’m a little confused here that your column writers recommend stocks, equities, etfs, etc. while you’re recommending pulling all stocks out during this rally.

Do you expect only certain sectors or stocks to suffer in this situation — or wont all of them?

Thanks again!

Tony Wright 05.06.09 at 6:58 PM

We’re BROKE! Read “Jekyl Island.” We went bankrupt in 1913 and
now have the audacity to burden our great-grandchildren with our
indulgencies!!! Enough is Enough!!!!!!!!!!!

Gene Michels 05.06.09 at 6:58 PM

Dear
Sir, Are you familiar with the ELITE people I have serious doubts for the outcome of the USA people I believe that we are heading for the greatest depression of all time. The people in congress and the president are alll just a bunch of sheep being led by the elite group . The worst is yet to come.

CmR 05.06.09 at 6:59 PM

Dear Mr. Weiss,

Would it be wise to invest a Stock IRA into a complete Gold IRA?
Is it wise to liquidate stock options and do what with them? Your advice…
It is wise to buy gold coins?, which kind?
I just heard about your book and am planning on getting it.
Thanks for your consideration and time.
You are in my prayers,
CmR

Gary 05.06.09 at 6:59 PM

I THANK YOU for everything that you are doing. I think Wall Street and are elected officiacls will put a positive spin on the stress test.
And the Market Bottom is yet to come. Call me ultra conservative a trader I am not but the bull market ended in the spring of 2000. Stay safe and you should keep all of your money and then some.

Sandra Webber 05.06.09 at 7:01 PM

Thank you so much for all that you are trying to do. The changes that are being made in our country scares the hell out of me. The main thing that we need to do is back up & find the values & morals that we once had. It scares me to think that a lot of people have so little respect for life that they feel its ok to kill the unborn child. We have just let things go to far & I’m not sure that we can ever get back to the way it use to be. The government is slowly taking over every aspect of our lives. The government is suppose to be for the people & by the people & I just don’t see that any more. I know that there are a whole lot of us against what is going on & yet they do as they please, as if we are not capable of making right decisions. In all my years I have never seen an election with the likes of the last one. We use to be able to trust the media & now they just lean towards one side & stay there no matter what any body thinks. Our government has no business being in the banking business or the automotive business but yet there they are right in the middle & telling them exactly what to do & who to keep & who to fire. That is not their purpose but there they are, taking over. They should have been left alone with no bail outs, they would have certainly figured out what to do. Then there’s the topic of amnesty for the illegals. What in the world are they thinking. There isn’t enough jobs for the people that have lived here much less jobs for people who have come in here illegally. I am sick & tired of hearing what a lousy job Bush did. He may have made a few mistakes but whats happening now is an outrage. What happened to all the promises that were made by Mr. Obama before he was elected, not one has come about. He was going to pull our troops out of Iraq in 6 months which is now up to 23 months. I never agreed with our troops being pulled out until the job was done to begin with. What were his plans, pull them out of Iraq so they could be sent to Afghanistan. What are they thinking or better yet, are they thinking? My first Grandson was killed in Iraq & I now have a Grandson over in Afghanistan & even through this I feel, after 9/11 it had to be done. Bush was right in what he did to keep us safe. Instead of feeling fear now over terrorist, I now feel fear over our government I feel that neither the President or Congress really give a damn about what we want or what our country really needs. I’m sorry if you find any of this offensive but I am tired, tired of seeing my country being destroyed. Thank you for listening.

Bill Beers 05.06.09 at 7:02 PM

The trouble with rumors is that they are rumors….. According to the WSJ today, Morgan Stanley may need more capital and Capital One may not need more capital… So much for just NY banks not needing capital as stated in my previous feedback.

Wayne 05.06.09 at 7:03 PM

It has been said that losing our freedom is only a generation away………time’s up. We need to call for a Constitutional Convention to stop the spending and the erosion of individual freedom. The Constitution today is being trampled upon by “our” own government which includes both parties, the Congress, the President and the Supreme Court (remember Eminent Domain). All elected officials should be required to pass a rigorous test demonstrating that they actually understand the U.S. Constitution and the underlying philosophy. Currently, they take an oath and swear to uphold a document which, after elected, they proceed to undermine.

Willa Wallace 05.06.09 at 7:03 PM

You ask for my greatest concern, it is the destruction of our constitution and our godly moral base. My husband fought in WWII and would have been willing to give his life for this country. He passed away 5 yrs. ago and I know he would have been stunned and greatly grieved at what is happening to our government. Our nation has moved away from God and any country that leaves God can expect judgment. All of the laws that are being passed in the last 100 days are appalling. I am 81 and I never expected to see in my lifetime such blatant disregard for God and His Word. It seems that no matter how we try to stop this, they do not hear or choose not to hear the cry of the people. I pray that God will hear our cries, and He will if His people will humble themselves and pray and turn from their wicked ways. God help us!

Joanne Webb 05.06.09 at 7:04 PM

Please tell me why the media is so-o against us. How come HR1388 was signed by Obama giving 20 million to immigrate ‘Hamas Refugees. -the migration assistance to Palestinan refugees and conflict victims in Gaza so that they can ‘resettle’ in the US. It provides a ‘free’ ticket with housing and food allowances to individuals who have displayed their overwhelming support to Hamas in the parliamentarian election of Jan 2006. Why was nothing broadcast to the general public about this? We’re losing this battle of freedom faster than you think.

FRED BARKER 05.06.09 at 7:04 PM

T-Bills are paying 1,tenth of 1 %, the way these nuts are runing the Fed, I don’t trust them as far as I can throw an elephant. My wife and I are setteling up on a piece of land, and as soon as I can get our money out of the bank the better I will feel. I don’t trust Obama, he is delibertly bankrupting America, and the American people are to nieve to see it. Im sick of all this stupidity, and again the American people are driving nails in their own coffin. How long before Obama fazes in the one world currency ? What good will gold coins do if they confiscat it , they did it before.

EDUARDO ESTRADA 05.06.09 at 7:05 PM

Thank You for the message, I am very concerned about our government taking over a bank like Indy Mack with several billions of dollars and refusing to pay back all of our decent citizens that save the money in CDS, it took us so many years to save and and have funds for our children giving the help they need, also after all these citizens had worked for 40 or 50 years paying taxes and Social Security benefits that the government may cancel now to give all kind of benefits to those citizens that don’t want to work or study…this is totally unfair to us Citizens. And to continue voting for this Government now means …the destruction of Our Country.

Jackie 05.06.09 at 7:05 PM

Why is it so difficult to see that the more involvement the government has in the public sector by “bailing out these companies” the worse off we will be in the long run? We are just digging the hole deeper!
Why can’t we send back the illegal aliens in this country that we are supporting with our Social Security funds; freeing up that money for it’s proper & intended use?
Why aren’t we calling in some of the loans we have made to foreign countries to take care of some of the deficit we are facing?
Jackie

kelly weaver 05.06.09 at 7:06 PM

I feel the biggest problem, which will probably hit this fall will be all of the credit card debt that unemployed people will not be able to pay back to the banks. Right now i am sure many people are living on their credit cards because of loss of a good paying job…and unemployment compensation is not the same ammount they were use to when working, and their debt to income ratio was higher! The banks want to give back the tarp money now..only to have to ask for it again when this credit default happens!

EDUARDO ESTRADA 05.06.09 at 7:06 PM

Thank You for the message, I am very concerned about our government taking over a bank like Indy Mack with several billions of dollars and refusing to pay back all of our decent citizens that save the money in CDS, it took us so many years to save and and have funds for our children giving the help they need, also after all these citizens had worked for 40 or 50 years paying taxes and Social Security benefits that the government may cancel now to give all kind of benefits to those citizens that don’t want to work or study…this is totally unfair to us Citizens.

Nellie Seuss 05.06.09 at 7:07 PM

Dear Dr. Weiss,
If we all hit this nail on the head any further it would be at the center of our earth.
I read the story about the person with frost bite and loosing their job. They were loyal
enough to stand out in the cold and wait for someone to open the door to warmth. Who is going to warm us when we can no longer afford to pay our utilities. While the banks are getting bailed out and the pockets lined with gold where do we the people of
this free country come in at? Where I ask? I had both my knees replaced months ago and lost a total of 13 weeks work. Lost 40% of my pay on sick leave. My husband lost a job in the middle of it but found a new one a few weeks later. It only took those couple of months to put us almost under. And we have worked hard all of our life and not much to show for it. We got way behind on our mortgage and the way our bank decided to help us was to raise our payment by $900 for the next year because they use private investors and they said they will not modify your mortgage. Lots of people are saying do not help those behind on their mortgage if they bit off more than they can chew. Well chew this. We were paying almost $4.00 a gallon for gas. BG&E was allowed to raise electric bills almost double over a two year period. Auto Insurance food
takes the rest of your money. There is no money to just go shopping with your family right now. Our credit cards interest rate was almost at loan shark levels. We just had to quit paying them. A lot of people have lost their good credit report status. So, the banks get bailed out. Well, why didn’t our government just help a lot of people with their mortgages in paying them up or off. That money would have went straight to the banks and lenders anyway. And in return the American people would be able to spend money in the economy without the high mortgage payments. In return the lenders would have money to lend from all of the mortgages that were paid off. Then the government could give us a much lower interest rate and lower payment to pay back the money on our mortgage. But no instead we put our money in the pockets of the big guys and they have more control and then just keep asking for more. Did any of them take a pay cut. I bet not. A lot of them probably drive company paid vehicles too.
I want my government to step up here and help us citizens of this suppose to be United States. We can help every other country. So what about President Obama. Does my family have to be one more of the foreclosures? I would like to see our government taking mortgage loan applications for a lower payment and lower interest. I also do feel the bail outs to the big guy’s needs to stop. I want some help from my own country too! And as another concerned citizen stated we need to get Jesus Christ back into the picture. If someone chooses to not believe that is their option but don’t take it away from the rest of us just because someone wants to use the title of “It offends me”. They do not have to participate if they do not want to. So how we handle that is we take it away from all people in the schools and public places just for those few that it offends. Big Mistake. We need to get prayer back in our schools. This country needs to get back to the basics. Thank you for your time.

seth 05.06.09 at 7:07 PM

Less government. Leave the taxpayers (working people) alone. End welfare

Samuel H Bacon 05.06.09 at 7:08 PM

I know that if these banks fail that there will be terrible consequences. But I cannot imagine that it would be worse than when the US Government becomes insolvent because it cannot pay back the debt it has already incurred, not counting what it will be bailing out the banks again with more billions of dollars. If the banks are forced to go it alone we may be surprised at the creative thinking that will come forward to keep the banks going. Facing failure will force the banks to change the way they have been doing business. It cannot be “business as usual” anymore. Let the banks know they are on their own and brace for the worst. Let them face the harsh reality of their own mistakes.

Roger 05.06.09 at 7:10 PM

Seems to me that the Obama administration has shown that they cannot be trusted, that what they say publicly is meant to diffuse public outcry and has thus far not been truthful.

Is it too soon to impeach the bum?

Each of his promises have been lies.

Joel Bauman 05.06.09 at 7:10 PM

My biggest problem with the government right now is that they have no concern for the health and safetly of the people whatsoever. It’s about money, it’s always been about money and it will always be about MONEY if we don’t do something to stop it. The main problem with the current monetary system we have in place is it’s put there to keep us in perpetual debt. I think we oughtta go back to the gold standard. That would put peoples faith back in the dollar!

Either way, it doesn’t really matter as they’re going to bankrupt all 3: The Mexican Peso, The US Dollar and The Canadian Dollar to make way for the incoming Amero ending life as we know it.

I want us to go back to governments that are actually concerned about the wellbeing of the people of their nation. Im tired of the mass pillaging and squandering of the land and natural resources this world once had to offer (and will again if we/they smarten up). First off, the people of the world need to be fully informed of the intelligence and capabilities that we all harness. The US Government spends billions of dollars every year on secret facilities most don’t even know exist. Okay, follow me here. They know more than most can imagine. Now imagine what the average human being would be capable of imagining knowing things one can’t even imagine presently. The possibilities are endless as to what we’re capable of, so STOP holding everyone back!

I could go on for hours about the problems of this world, but I’d rather just finish off with this one little thing. People, as a whole, are all one in the same and the only thing truly holding us back is the fact that we’re all divided and separated into the thought that we’re all different, when, in fact, we’re all the same. Positive people WILL stand up and lead this world back to peace as was originally intended.

Thank you Dr. Weiss

James Salvail 05.06.09 at 7:10 PM

Dear Dr. Weiss,

Thank you for all you are doing on our behalf. I am interested in all the issues that were on that list that you asked us to check. They all relate to the problems our country is confronted with. I will buy your book next week hopefully. Can I buy it from you directly, or do I need to go to a bookstore. Anyway, be assured that you have my full support. Let me know what I can do to help.

Sincerely,

James

Geoff Daly 05.06.09 at 7:11 PM

Martin,

After recieving your book and reading nearly all of it todate.
I have a question that has been nagging me: Should not all stocks, bonds purchased be held for at least 90 days before being resold. Because today an announcement concerning GE becoming “overbought” appeared in my email inbox at 6:45 PM today May 6th 2009 and how come?,
It comes back to what you have said along with your associates that Wall Street and the financial institutions are GREEDY.
When will they learn not too always push profit, profit, profit, with the results like GE occuring.

Your thoughts on holding stocks, bonds for a given period, 90 days.

regards,
Geoff

Gene 05.06.09 at 7:11 PM

Hi Martin,

I would like your thoughts, Will energy stocks and programs come to a halt now being supported by uncle Sam? Will Oil prices start to drop again, and lastly will the interest rates on loans start to increase Repidly?

Kim Beyeler 05.06.09 at 7:13 PM

Hi Martin. Thank You for your efforts to save our country. There is one issue that very few people will address. That is the fact that we have a “dept money” system. When the only way money can come into the economy is by bowwering it, there is no way every one can pay back their loans because the interest is never created. Someone has to lose principle in order for someone else to pay their interest. The whole system is mathmaticly designed to fail. I can’t believe this system could have continued this long, but no one even talks about this. Also, when the banksters can create money out of thin air via the fractional reserve system, one wonders how they could be going broke. I hope we are near the top of the greed and this system is about to crumble. I have a large bet placed that it will. If we can’t fix this problem the money I have bet will not be worth anything anyway.Good luck with your efforts. Kim Beyeler

Gary L. Hern 05.06.09 at 7:13 PM

Mr. Weiss, most alarming to me is congress did not ask all the banks to use the bailout
money given to them to pay off all of America’s credit card debt to insure that each per-
son who owed a mortgage payment would not be in jepordy due to the high credit card
interest being currently charged by the same banks we are bailing out so they could be
in a credit strength situation instead of a disadvantage situation. By paying off all credit
card debts totalling only $80 billion dollars all borrowers could have afforded to pay their
monthly premiums and the mortgage market would not have been in a crisis situation.
Instead we gave the banks $700 billion dollars and each house hold is still in jepordy of
paying their monthly mortgage payments and the very banks are asking for more money and are still charging high interests on credit card rates putting in jepordy the
same customer who are lending them the money for a bail out. This is shameless!

Maria and Elbert Parrish 05.06.09 at 7:15 PM

We just want to say a big thank you for being the spokesperson for all of us Americans! We couldn’t have done this alone. We pray Congress listens to us “little people” and takes the right actions to stop all this needless spending, etc.

chris barnard 05.06.09 at 7:16 PM

Not only is the markets being manipulated with our tax payer dollars, just look around at our constitutional rights being strip away. Our governmant can only do this in state of panic. I personal feel that unless there is a revolution to take our govnermant back, in three years the US will look like a third world country.

Mig Mo 05.06.09 at 7:16 PM

With the actions taken by the current administration and the house and senate does it seem like we are going to be the last United States citizens to possibly experience freedoms and liberties? The other day I got a ticket from a camera and yet the light was changing without anyone in the area and I had not even been able to move into the intersection. I am coming to believe that we are becoming a surveillance state faster then the Taliban is moving towards nukes.

W.R. Dowe 05.06.09 at 7:17 PM

It amases me that the Media and the Liberals put forth the story how the Obama cronies are saving the world. He is already three years ahead of FDR”s Socalist attemp. He demeans our people and tells us we have to give quarter yet he allows billions in earmarks. Our Liberal Government in North Carolina is laying off workers, cutting service raising fees and taxes, even taking a cut out of the Lottery. Yes, but they still can afford to deliver $228 million in pork to ensure Liberal support. Now the outrage of the week, ObamaNation wants from forty-five to fifty-five percent of the Estate when one has worked to secure the future for their survivors. I can”t cry over this because I probably be taxed for water run off

David Robinson 05.06.09 at 7:17 PM

We need to fix this and not just stop what is taking place. The senators of the United States of America should do the following:
1- Dismantle the Federal reserve and take responsibility for our currency (See numerous bills proposed by Ron Paul) and return us to a commodity based currency; that’s Gold and Silver
2- Impeach and remove from office Barrack Obama. Note that this is the milder action. The more sever is to try him for high treason against our country for his policies JUST IN THE FIRST 100 days of office.
3- Get us out of the UN.
4- Prevent the transition to an North American Union. I want my country to remain a sovereign country.
5- Allow Big business to go bankrupt rather than socializing everything, including the major news stations and news papers. A free market will automatically correct itself much faster, and result in greater freedom. Otherwise we face a horrific loss of freedom and economic destruction of greater magnitude.
6- Do not re-institute the fairness doctrine.

Thanks, David

William Nabers 05.06.09 at 7:18 PM

When the smoke clear, we are going to see inflation soar and interest rates raised that will cause even more trouble for americans. The Carter era is going to return and with oil, food and all essentials required to live a normal life, will cause many americans to suffer even more. It seems the Obama adminstration is determined to weaken our military for programs that will cost more and raise our taxes.
I am invested in gold, dividend stocks and cash. but I am still scared of what is to come later!

W.R. Dowe 05.06.09 at 7:19 PM

I have no website, I merely respond to the few Crusaders left, Thank you

Carolyn Hyland 05.06.09 at 7:19 PM

Being a senior citizen on retirement pension, at present, I’m most worried about that. We received a letter from the company stating this funds shortfalls, what they are doing to shore it up and they may terminate such payments sometime in the future to remain competitive.

If this company is thinking along these lines, hundreds others must be thinking the same thing too. Although I do hope these many other pensioners are in better financial health than I am, I don’t doubt as many are the same as myself.

The next thing bothering me the most is the socialist bent of Washington and Congress. I’ve written many letters myself to Washington about this.

Another concern, I don’t see anyone making moves to curtail acquisitions of the banking industry, in particular, that they don’t become yet another “too big to fail” problem. Someone said, it’s an easy solution, let banks be banks, let insurance companies sell insurance, let investment companies tout investments and don’t let those waters mix. Maybe so.

Another problem of concern is the shoring up of home prices that prices still remain too high for too many to afford. My own house here became worth something over $400 thou. Too ridiculous for words. I didn’t know there was a housing bubble, I just knew it was crazy. It’s still way overvalued in my opinion.

Believe it or not, I really dislike becoming a non tax payer. I want to pay taxes, I just don’t want Washington taking a greedy bite of my money. I’m not pulling any weight at all being a non tax payer, out of the loop, a non participator and having no voice in matters since I’m not helping fund it. I feel more like a leech than a citizen with this set up.

Biggest and scariest of all is entitlements. Medicare especially. So needed with todays out of control medical expenses yet so lethal to the country. Why can’t they fix the problem of runaway medical costs first then talk about reform? I’d rather buy my own medical insurance if I could afford it.

To end this I will say that I’m looking at foreign countries to live in. If my pension money disappears it will be a necessity as this nation is way too expensive to live in without that income. A fact of life though not a pleasant one.

Al Wunsch 05.06.09 at 7:21 PM

It looks like the economy will settle down, somewhat for this year and into next year if we don’t continue bailouts and let the auto industry and other failing ventures fail. However, if the Obama administration budget goes through, with increased taxes starting in 2011, the economy will dive into the tank for the next 5 - 10 years. We need to stop the spending (Bush’s $300B deficit was too much), cut taxes (make the Bush tax cuts permanent and decrease cap gains and corporate taxes to bring companies back to U.S.) and get serious about energy. We need an energy policy that addresses power generation (e.g. nuclear) and transportation fuels. That will require immediate drilling of oil (shale and offshore) and a transition off of gasoline for autos. It shouldn’t be that hard to generate such a plan with the use of energy,auto experts and some leadership in government - leadership not politics. Socialism at any cost (my interpretation of the Obama vision) will bankrupt this nation.
Cheers

Edward Davis 05.06.09 at 7:22 PM

Thank you Martin for delivering all the petitions. I appreciate the fact that you are a true American and have given us all an opportunity to present a unified effort. Hopefully it will bare fruit. Best wishes, Lloyd. PS: Keep up the good work!

Rob Burnett 05.06.09 at 7:24 PM

Mr. Weiss,
Thank you so much for doing all you do. As the mouthpiece for so many of us you allow us to be heard in a way which is effective.
I came here from England 24 years ago to escape the nightmare of the Socialism movement in the UK. Big government has been part of life in the UK for years and it is very ugly. I have been trying to warn anyone who would listen for the past three or four years and especially since Obama appeared on the political scene. As much as I hate to say it, things are going to get a lot worse but only as long as we the people allow it to.
I attended a ‘Tea Party’ in Fairfax Va. and shall be attending more rallies as they come along. I have never openly protested anything in my life but I feel there is so much at stake I have to do my bit to be heard.

Thank you for all you do.

Robert L. Vance 05.06.09 at 7:24 PM

Sir, I just a couple day ago heard on ABC News that there would not be a cost of living increase on the S.S. Checks in 2010 nor 2011. I don’t know what the government is thinking. Do they think we who are on limited income have plenty of money or that all the increases in all the prices of everything doesn’t pertain to us. How can the government give billions of dollars to other countries and not give an increase for their own people who are really hurting trying to pay all their bills and medication and food that has risen so high. I for one, and I am sure I speak for all the others on S.S. Benifits, can hardly make it from month to month now and they say no cost of living increase.I think it is a shame our own government will give billions of dollars to Pakistan and Afghanastan and not a penny to their own people who are struggling every month to just get by. Please do something about this. For two years now, 2010 & 2011, nothing for us. What can be done? We need an increase to survive.
Sincerely,
Robert L. Vance
robert_vance2006@yahoo.com

Dennis Jones 05.06.09 at 7:27 PM

I have 2 main concerns:

1) National Health Care–Does it look like it will pass and when do they play to enact it? Can you send me some information about all it will involve if it comes to be?

2) Do you think the dollar will crash and if so, when?

Patricia Brooks 05.06.09 at 7:29 PM

I have great concern of the situation the USA is in. I do not and cannot invest in anything. My concern is the deficit America is in and it is only getting worse with handing out the millions of dollars to the banks, auto companies. America has not been able to pay back what it has borrowed and yet we borrow more knowing full well we cannot pay it back. One of the early Presidents (I forget which one) said NO to FEDERAL RESERVE that it would be the destruction of America. I always had the impression the FEDERAL RESERVE was owned by the government only to find out after all these years it is owned privately. This was the BEGINNING of serious problems for Americans. I live on a FIXED INCOME. What is to become of Social Security benefits and the pensions I now have? Without these I would have NO INCOME or benefits. Yes I would have a roof over my head because I have no mortgage to pay, but that would be ALL that I would have. I would not be able to have electricity, gas, water or food. I am unable to work (even if there were jobs to be had) due to my health. I have already been confronted with the problem of finding a doctor to take me as a patient due to the medication I need. I finally did find ONE! Things are bad all over and it is not going to get any better at the rate the government is (and has been) going. I thank you for all you are doing to get through to the “government” and “its” polocies and helping “we the people”.
Patricia Brooks

Sandra Miller 05.06.09 at 7:29 PM

Dear Martin,

A million thanks for the wonderful job you are doing.

I am very concerned about Washington’s outright theft of taxpayer money.

Also, I love talk radio and would feel lost without it. What about the mono-
poly the left has on newspapers and TV news outlets? We have 1-Fox
News. How can they even consider cutting back on our free speech ac-
cess when they have a complete monopoly of it?

Daniel Noiles 05.06.09 at 7:30 PM

Dear Martin:

Thank you so very much for representing us to those airhead legislators in Washington.
I do so hope that the results of your trip are worth the effort you have put into this. I deeply appreciate and highly value what you are tryong to do.
God Bless,
D. Noiles

Kenneth Widney 05.06.09 at 7:30 PM

Martin,
Thank you for being there for all of us. There is so much bad things going on by our government that I don’t know if our country can survive the way we know it . Even with a change of govt. I can’t see our way out.Debt,debt and more debt. Every thing you say is true.Just keep up what you are doing. Thanks.

Ella & Robert Sorino 05.06.09 at 7:30 PM

Martin, Besides all the happening in our economy today people such as myself and others are struggling to stay afloat and keep up with our bills. Another problem has come
up. The time share industry has been eating into our saving. Tricking everyone into
buying there time shares in the past, and not letting people know that we would be responsible for any damages and repairs to said properties,for storms, flood, and ETC! I know this is not what is top on your list today, but it is another major problem the American people are facing on top of everything else. Where is the bail-out money that can help us resolve this problem. People like myself will not be able to take vacations for alot of years to come. I am told by the time share industry that there is no way out of this. It will carry over as a debt to my children and possibly there children. We America need to be bailing out our own debts with our money not all the banks and car companies. They have been living high on the hog for year and years as it is. Now maybe you can start putting some pressure on the rich time share organizations to help us struggling people, to get out of there time share debts. We will be able to use that money to help the economy. My time share is paid for. I can not afford to use it now or maybe for ever yet I am still suppose to keep paying maintenance fee’s and or 333333333333333333333333333333333333333333333333333333333333333333333444444 repair’s bills that I have nothing to do with.
Matain thank you for your time, I hope you can help. I would really like to know if this issue has any merit with you.
Thank-You for your time,
Robert Sorino

Mel Greer 05.06.09 at 7:31 PM

Sure I’m concerned about the whole financial mess. There has to be a stopping place for these giveaways. Any money not already release should not be released. Money for mortgages should go to the homeowner. Their loan should be redone.
If the martgagee has a house he can’t pay for and owes $100,000, the house should be revalued to $80,000 at a new low rate and the mortgage holder eats the $20,000. The morgage holder could then aply for reembursement. The government cannot and should not back up all the losses of bad businesss.

But my real concern is this: Who is Barak Obama? There are thousands of us who are not saisfied that he is actually elidgable to be president. He could stop all these suits just by releasing his birth certificate. Government officials ignore this and the news media ignore it. The nation will not fall apart if the truth is learned.

Karen Morrison 05.06.09 at 7:31 PM

THANK YOU THANK YOU THANK YOU OUR VOICE MUST BE HEARD & THANS TO YOU WE ARE BEING HEARD.
Karen

Pat C 05.06.09 at 7:31 PM

Dear Martin: Thanks for your efforts and time spent making us citizens more aware of the crisis that we are are all facing. The next debacle is going to be “HUD’S” REVERSE MORTGAGES for SENIORS, being guaranteed by “HUD”. Right now they are issuing mortgages which far exceed the value of homes ($100,000+), in addition to costing Seniors $$$$$ for closing costs. Taxpayers again will be asked to bail out this program What is the solution? How do we proceed? Calling and writing to our Political Representatives isn’t working. What will?

Tom Eisenhart 05.06.09 at 7:31 PM

Thank you Martin for your hard and ongoing work. This is an uphill battle for the soul of democracy and capitalism. It is fought against those who are greedy and/or mislead. the silent majority who believe in and who live out the Judeo-Christian principals of the American founding Fathers need to stand up, speak up and be persistant. As a nation, we are allowing our own politicians to do what no outside enemy has been able to do! And only WE can bring it to an end.
Keep up the good work!

Mark Diaz 05.06.09 at 7:31 PM

How has resession affected the firearm industry since the third quarter of last year to date?

Mr. Edwin J Welch 05.06.09 at 7:33 PM

When you get to Capitol Hill put fear of God in them, they need to know that if the Country goes belly up their jobs go with IT and with US. This spending is not sustainable. Ed. W.

Neal 05.06.09 at 7:34 PM

Ten Things You Will Never Regret
By Bill Shuler
Pastor, Capital Life Church, Arlington, Virginia

Beyond having pulled your stocks out of the market before the crash, there are many things that you will never regret:

1. Giving more than you take.

2. Laughing with a child.

3. Taking a principled stand.

4. Rejecting rejection.

5. Investing in the next generation.

6. Honoring the last generation.

7. Reading the best-selling book of all time. (No it’s not Harry Potter)

8. Responding to hate in an opposite spirit.

9. Thanking teachers and those, in and out of uniform that defend us.

10. Building up treasure where moth and rust cannot destroy.

Some end life having made a living, others come to the end having fully lived. Dare to find out what really matters in life and to worry less about things that don’t. In the words of Scripture, “I have placed before you life and death, therefore choose life.”

Just as we have been given good and evil, right and wrong; which will you choose?

Katharine Mintzmyer 05.06.09 at 7:34 PM

When you learn to turn your eyes upon God and not your politician, then trust in Him and ask of Him and He will supply all of your needs. Yet some folks just never learn, and look back at the beginning of this nation and learn the true meaning of why we became the wealthiest nation in all the world. Maybe they would stop turning their backs on Him and when they would all turn around, so would our economy.

fbl 05.06.09 at 7:35 PM

What do YOU think will happen in the stock market when the full results of these bank stress tests are released? There will be no honest results. Info will be massaged and spoon fed to keep the market action going. Bread and circuses for the masses.

How will Real Estate Crash II — the collapse of the commercial real estate industry impact the banks that now hold these mortgages? I don’t agree with the comments prior about it being baked into the cake and the loans have been profited from already. I think it will pull everything down some more and then when the next batch of Alt A resets hit it will be a double whammy.

What investments do you see GOING UP as the next phase of this crisis begins? I started buying gold and silver back in ‘99 and saw it go down again for awhile. We don’t have a lot but we do have some. Commodities and energy long term will be good.

I disagree with you Dr Weiss about the real estate not being good for the long haul. I think over the next 20 years it will work out very well for those brave enough to buck the trend these next few years. The bottom line has to work of course.

We are well rounded except for the pension. The Feds are going to screw their pensioners again big time probably within 12/15 years. My hubby will have a Federal pension and I am planning for this with property being paid off and teak trees being harvested around that time. I estimate that we will need all of the cash flow to make up for loss of cost-of-living and cuts in the pension amounts. Unfortunately I have been disabled for over twenty years and have not had an income to feather our nest. My job has been to steer our financial ship. I thank you Dr Weiss for being honest and forthright and looking out for us.

George S. Bruner, Sr. 05.06.09 at 7:36 PM

We need to:
1. Abolish the Federal Reserve.
2. Abolish the IRS.
3. Return to the Gold Standard.

John Erdei 05.06.09 at 7:37 PM

Martin,
I know the answer to most of my questions; however, I would like to take this opportunity to thank you for your effort and hard work to bring the destructive senseless bailout spending (using the hard earned dollars of the American tax payer’s of current and future generations as far as the eye-can-see) to the attention of our government. They are mostly responsible for the current financial crisis. Our nation and government are in the debtor’s prison of the privately owned (for profit), Federal Reserve (who are everything but Federal and reserve). The reality is that even though we have free elections both parties, democrats and the republicans, are in the back pocket of the owners of the FED namely GS, JPM. C, BOA, MS etc. These are the people who give the orders to the puppet government we have. Unfortunately, we no longer have a free market. It is controlled and manipulated by the international central bankers around the world under the direction and orders of the privately owned for profit FED. Regretfuly, they have been given the authority since 1913 by the corrupt Congress to print money as much as they see fit–without any real control or saying by the American tax payers. My question to you is: How can we get our country and the sound dollar back from them?

Marianne 05.06.09 at 7:37 PM

We need to get all of the old long standing thieves out of Congress and the House. They have made a living on us and will retire wealthy. They serve whoever will benefit their pockets. I seem to remember learning that it was an honor to serve your country and you and your family did not move to Washington to party. You did your service and went back to your family, business or farm and that is how you made any money. The crooks feed on us and it is time to say We the People demand that you listen and follow our wishes and maybe we will be a great Country again. I fear for all Americans if we do not stand up as one.
Marianne

Steven Gordon 05.06.09 at 7:38 PM

I can’t understand the economics of “spend side economics”. We print more money to weaken the dollar to bailout companies that mismanaged money that was worth more back then. All along we’re selling our country to the chinesse, who protect their money by subsidizing their cheap lead based exports and block imports to steal american jobs and further devaluate the dollar. And with our weak dollar we send billions to other countries so they can mismanage/swindle it like our banks did. I don’t have a question, I’m just spinning out of control, trying not to drown.

willie isaacs 05.06.09 at 7:38 PM

i think that obamma is a narssisists, and he will ruin our nation. we need to make all of washington accountable for their actions. last time i checked, they were running this country on our tax dollars. this is not bi partisian anything. its not about the freeking democrats, or the republicans, its about the people in this countrys tax dollars. and their are just as manny people against this president, as their are for him. what about our tax dollars. your saying screw you, to me. and you think im going to like it ?? no im not, and i am ready to take up arms and fight this gov, and put all partyies concerned in prison. i expect the laws of our land to be executed. that means our polititions, when they break the law they go to jail. pellossi, dodd frank and reid, should all be put in jail for exployting the tax payers, and the financial crisis, they caused, yes democrats, not republicans.cant blame bush anylonger. if something isnt done, you can expect some of the states to pull out of the union. or worse, you can expect a reveloution.why do you think gun sales are up. you can count on it. im 52yrs old and im ready to fight this bunch of socialist,wanabe comunists. and there are millions of others that are ready too. that is how far the people are willing to go to protect our freedom and our rights, we will not change our country for anyone. if any foreigners, cannot adjust to our culture, our beliefs, and our customs, then get the f–k out. this is our country, and we will change for no one.foreigners chose to come here, so they must adabt, or leave. PERIOD.THANKS FOR LETTING ME VENT, I FEEL MUCH BETTER.

Robert Archer 05.06.09 at 7:40 PM

I appreciate many of our followers are on the same page as you Martin but still I’m a bit taken aback by the vehemence of some of your bloggers. I too am skeptical the effects of the enormous amount spent on bailouts will be effective but the basic premise is sound. It may not cure the illness but like Prozac, it eliminates the painful lows and allows the markets, like water, to find it’s own level. Only with the hindsight of a post mortem conducted some twenty or thirty years from now will we have a clearer picture of the actions being taken today. The only thing I’ve learned so far is that the price of restoring public confidence doesn’t come cheap.
Rob

Marlene Kimball 05.06.09 at 7:40 PM

Dr Weiss,thank you for all your efforts in Washington and working on our behalf. I’m a concerned Senior Citizen who is living on Social Security in NC. My concern is that the entitlements that most of us depend on are being handed out to all the illegal immigrants with children,new immigrants who are able to work and leaving minimal amounts,if any,for us who have worked and volunteered and paid taxes here in this country all of our lives. All this is happening on top of bailing out large corporations with our taxpayer dollars. I was informed today that many NC Seniors have been dropped from Medicaid this year with our latest cost of living increase. Not factoring in that with housing assistance our rents were increased which eats half of that income increase. Would you please address this issue of Senior Entitlements? We need a bailout so we can purchase meds,buy groceries(most of us Srs. in NC are getting $16 per month,yes,sixteen dollars for food entitlements, and live day to day. Again, thanks for “going to bat” for us common folks.

Shirley 05.06.09 at 7:40 PM

Dear Martin,

I am not much with words except I am so sick of this administration!!! I am 78 and never have I seen such as is going on today. I watch Fox News everyday and I just can’t take it in that I am living in the “twilight” zone. I try, as a Christian not to get mad with Washington but it is really trying my santification. I have lived through the ‘3o’s depression and I remember just having enough to eat and very little to wear but God looked out for us anyway. Thank God we didn’t have to depend on Obama and his advisers to lookout for us. The “creek would go dry” before we had a meal to eat. As I said at the beginning of this comment , I am not good with words but I sure hope we live through his time in office. I told someone I felt so helpless but it is people like you that keep our hopes up. Keep up the good work.

Shirley

john d austin 05.06.09 at 7:41 PM

Thanks for the good job you are doing.
I have been concerned about all these bailouts from the beginning .
Just keep up the good work.

Phil Aaron 05.06.09 at 7:42 PM

I am a Flagship customer with Vanguard. I would like to get your opinion on my investments.
IRA-Admiral Total Bond Mkt Index-
Money Markets- Admiral Treasury, Prime Money Mkt and Tax-Exempt Money Mkt
High-Yield Corp
GNMA, which I am thinking of moving to IRA, I would like to move most of my taxable funds to taxfree funds
Short-Term Investment Grade
Short-Term Federal
Short-Term Bond Index
Admiral Intermediate-Term Tax Exempt
Admiral Short-Term Tax Exempt
I would value your advice as far as making the changes I mentioned. Would you suggest I do something else or leave as is?
Thank you in advance for your help

Kevin Nikolaus 05.06.09 at 7:43 PM

It has become glaringly clear that our new President and his installees are enemies of the most successsful experiment in government since the beginning of time, these United States of America and its Constitution.

President Obama, your most disrespectful actions against our freedoms and free enterprise have our fore fathers rolling over in their graves. You have made your destructive intentions more than obvious to all of us. Your propositions and intrusions on free enterprise are socialist by design. WE WON’T HAVE IT, MR. PRESIDENT!

YOUR IMPEACHMENT IN UNDER FOUR YEARS WILL SET A NEW RECORD, MR. PRESIDENT! WE WON’T LET UP UNTIL YOU AND YOUR CRONIES ARE CAST OUT OF POWER OR YOU REMEMBER WHO YOU ARE WORKING FOR. ME!

Howard Silsdorf 05.06.09 at 7:44 PM

Martin,

I subscribe to several Weiss services and I am thankful to have this contact with you. I appreciate your wisdom in these tough times and I have only one concern. I just wish there was a way that you could offer some protection from the rallies that create the losses of the inverse ETFs. Somehow we should be able to find some not too speculative way to place a small percentage of our savings in the rally that we could dump when the time was right. I am beginning to think this latest rally could go higher and longer. I would love to hear what you have to say about this.

Thanks,
Howard

richard tornquist 05.06.09 at 7:44 PM

Thanks for your effords on be half of many citizens. You are dealing with a bunch of idiots. The American public must stand up and be counted before its to late.As a Former Mayor of Franklin Township Somerset County New Jersey, we need a party who represents the general public.Both of our present parties are to close together and there is no difference anymore.Keep up the good work.

Roger Thompson 05.06.09 at 7:45 PM

The problem I have is finding the words to distill my concerns down to a managable level. I can’t imagine anyone of a sober mind operating on something more than feelings not being concerned with both the short and long term effects all the spending will have. Having said that I know I would be a great deal left concerned for the future if I had any sense the Republican party had in its ranks any real leadership. All I hear coming out of that body is the clear message they want all to move more toward the center. If that is the case why have a two party system? Some are getting excited over polls that suggest the Republicans could regain significant seat again in the House a maybe the Senate. Personally I believe had McCain won there would have been in the end little difference over where we are going to end up. The spending is one matter, a leadership vaccum is yet another and unless the Republicans come to their roots I won’t be voting for them. I may just have to sit it out.

Erika E. Hawley 05.06.09 at 7:46 PM

Dear Mr. Weiss,
we should NEVER give Mr. Obama another pen to write with. he abuses his power. Obama reminds me of A.Hitler, who was called “Groessenwahnsinnig”, never thinking of the people, just his desire to rule.
Real Estate? Well, silly people bought houses worth a half a Million Dollars, when, in reality they could only afford half, or less of that amount. Now they whine, “bail us out”. I wish we, the people could say NO, sorry, it’s your mess.
I’m proud I am a part of your cause. And I did forward your requests to my email friends.
God bless you and keep you,
Sincerely,
Erika Hawley

Robert 05.06.09 at 7:47 PM

Do you feel the presentation of our petition was excepted with any credibility?
Were we marginalized and looked upon as a bunch of radical kooks, just like the government officials and press did to the participants of the recent tea parties?
Did we make a dent in their armor or has common sense totally vacated the halls of government in Washington?

Anne Foster 05.06.09 at 7:47 PM

I am older and probably won’t be around for the Big Mess. I just hate to think of leaving my children and grandchildren with the terrible mess that I think we will have in the US. They will be working to pay off the “FAT CATS” thiefts. These people are THIEVES!! AND no one is doing a thing to hold them accountable!! They need to be Horse Whipped and JAILED! AND have to sell all their GOODIES and pay the money back to the taxpayers.
Anne

Gary L. Hern 05.06.09 at 7:47 PM

Mr. Weiss, the same banks who jacked up the credit card industry’s high maximum a-mount on each client, then unethically raised their interest rates putting them in jep-
ordy of their mortgage payments, are asking for more money? These criminals have
tanked our great country, cheated our trusting citizens by hood-winking our Congress and Senate into giving them $700 billion dollars and not even paying off the high in-terest credit cards totalling only $80 billion dollars to eliviate one debt to insure the average client could pay their mortgage payment is usery for profit over what is best for America. Congress Wall Street and the Banks should be in prison not sitting in WDC and New York handing out taxpayers last dollars for more bailouts! Even Fanney
Mae & Freddie Mac originally said they could not lend anymore money without federal
help!
That help came from Barney Frank and Chriss Dodd, who’s helping America? The other recipiants of Freddie and Fannie’s campaign donations, Obama, Schumer and the entire
democratic league of gentelmen. Have they no shame!

Sharon 05.06.09 at 7:48 PM

I think the commercial real estate meltdown could cause a run on the banks. I think the vast majority of Americans are going to be totally blindsided when this bear rally ends and the stock market goes to new unthinkable lows. People are believing the adminstration and the fed, that the worst is over. They are going to have a cruel awakening. I am now worried about the safety of my IRA because my credit union was downgraded from 5 stars to 3 in just the last 6 months. I hope nothing terrible happens before August, when I am able to roll it over to a safer institution.
I think the smart money will be in gold/silver and certain commodities that people are going to need no matter what, like food and gas/oil.

Jerry Mulder 05.06.09 at 7:49 PM

If the Gov’t doesn’t use a bailout, what is the best course of action?

In terms of employment, what jobs are available for people who have lost their jobs? ( My son is an architect).

ARNOLD PEDERSEN 05.06.09 at 7:50 PM

HI MARTIN,

I HAVE BENEFITED VERY MUCH OVER THE YEARS BY SUBSCRIBING TO YOUR SAFE MONEY REPORT; THANK YOU FOR YOUR INFORMATION AND PERSISTENCE. THROUGH READING YOUR COMMENTS AND ANALYSIS AND WATCHING, BILL O’ REILLY,HANNITY, GLEN BECK AND GRETA SUSTEREN EVERY NIGHT IT APPEARS AS IF OUR PROBLEMS ARE SO DEEP, CONVOLUTED, AND EXACERBATED BY A LACK OF MORALS, CODE OF ETHICS, AND HONESTY BY MANY IN OUR FEDERAL GOVERNMENT, BIG BUSINESS, LOBBYISTS, BANKERS, INTERNATIONAL DICTATORS, CORPORATIONS, GOVERNMENT AGENCIES AND SOME OF THE POPULACE, THAT WHAT WE NOW HAVE IS UTTER CHAOS!

AT YOUR SUGGESTION I HAVE LAST YEAR SOLD ALL OF MY EQUITIES AND HAVE ALL OF OUR RETIREMENT FUNDS PRIMARILY IN TREASURY BILLS, I BONDS, TIPS, GOLD (GLD). I HAVE NO CONFIDENCE IN THE MARKETS AND CANNOT CHANCE OPTIONS OR INVERSE ETF’S BECAUSE WE ARE RETIRED AND LIVE ON WHAT LITTLE RETURNS WE GET FROM OUR INVESTMENTS. I FEEL SOMEWHAT CONFIDENT OUR INVESTMENTS CARRY LOW RISK, BUT WITH THE ALMOST GUARANTEED INCREASE IN THE RATE OF INFLATION WE WILL BE SEEING IN THE YEARS TO COME, I SEE NO WAY TO MAINTAIN OR INCREASE OUR RETURNS AND PROTECT OUR PRINCIPLE.

THERE IS SO MUCH”SPIN”, BY THE LIBERAL MEDIA, IT IS VERY DIFFICULT TO SORT THROUGH ALL THE PROPAGANDA TO HOPEFULLY OBTAIN SOME TRUTH AND REALITY TO WHAT TRANSPIRES IN OUR GOVERNMENT, FINACIAL MARKETS AND OUR CULTURE.

SHORT OF A REVOLUTION, I AM AFRAID THE USA IS DRIFTING DOWN THE ROAD TO SOCIALISM, MEDIOCRITY, AND BANKRUPTCY.

THE POSITIVE INFLUENCE OF OUR CONSTITUTION, BILL OF RIGHTS, DECLARATION OF INDEPENDENCE ARTICLES OF CONFEDERATION THAT HAVE SERVED US SO WELL, FOR SO LONG, IS BEING ASSAULTED, REINTERPRETED AND CHANGED TO GIVE THE GOVERNMENT MORE POWER OVER THE PEOPLE TO THE EXTENT WE ARE LOSING OUR FREEDOMS, PRIVACY AND FREE CHOICE.

KEEP UP THE GOOD WORK! I HOPE AND PRAY FOR A GRASS ROOTS REVOLUTION TO BRING US ALL BACK TO A SENSIBLE, SUSTAINABLE REALITY OF GOVERNMENTAL, CORPORATE AND INDIVIDUAL RESPONSIBILITY AND ACCOUNTABILITY, HONESTY, MODERATION AND CIVIL RESPECT FOR EACH OTHER.

GEORGE M LOE 05.06.09 at 7:50 PM

I CAN NOT WATCH THE MARKET EVERY DAY, PLUS I TRAVEL, SO DO YOU HAVE A FUND WHERE I COULD PUT SOME IRA MONEY?

WHY DON’T YOU GO ON FOX NEWS OR FOX BUSINESS?

Robert 05.06.09 at 7:52 PM

Martin…Thank you.

I only subscribed to your newsletter about a year ago and at the time, my 401k was in stock mutuals. I hadn’t been a subscriber long enough to really trust your constant message to get out of stocks in the last half of last year. I moved half out as a hedge…and watched what I had left continue it’s decline. I finally got it all out of stock mutuals just in time, thanks to your consistant and fact based analysis. I ended up last year with a 20% loss because I didn’t heed your advice early enough…but it could have been much worse, as others who ’stayed the course’ unfortunatly have found out.

Thank you and your honest analysis without hidden adgendas.
(PS: I devoured your book last weekend, another good read.)

Sandra 05.06.09 at 7:52 PM

I wish every state of the union would suceed from the union and let Washington DC live in their own little imaginary world and leave the rest of us US citizens alone!

Vicki 05.06.09 at 7:53 PM

I believe that the President is leading this Country into a financial ruin. With the government buying out more and more companies, it is the Dems way of becoming
a socialist country. Everyday one more right is being taking away from us. Where do we
go, where is it we are supposed to turn to for help? I don’t hear of protest or marches to demostrate how most of us feel about Obama. I didn’t vote for him, I personally can’t stand him. I stand firm that we have a right to bare arms, that abortion is murder, that marriage should be between man and woman. That illegals should be taken out of this Country and if they return then there should be a prison just for them. They are a enemy of this Country if they are not here legally and should be treated as such. I will continue to sign petetions and make phone calls, what else is there that my family and myself can do? Sincerely,
Vicki Tucker

Richard L. Gross 05.06.09 at 7:55 PM

Our generation knew CDO’s were worthless. Why did the media wait until the government intervened to highlight this issue?

Phil Aaron 05.06.09 at 7:57 PM

I am a Flagship customer with Vanguard. I would like to get your opinion on my portfolio.
IRA-Admiral Total Bond Mkt Index
Money Markets- Admiral Treasury, Prime Money Mkt and Tax-Exempt Money Mkt
High-Yield Corp, Short-Term Investment Grade, Short-Term Federal, Short-Term Bond Index
Admiral Intermediate-Term Tax Exempt, Admiral Short-Term Tax Exempt
GNMA, which I am thinking of moving to IRA, I would like to move most of my taxable funds to taxfree funds
I would value your advice as far as making the changes I mentioned. Would you suggest I do something else or leave as is?
Thank you in advance for your help

Frances Thompson 05.06.09 at 7:57 PM

Socialized medicine is a big concern. Also, the government having control of our banks.I am truly worried about the status of the U.S. I never thought our country would come to socialism.

Jerry Bowers 05.06.09 at 7:59 PM

Martin: My concerns are:
1. Value of the dollar
2. Oil supplies (what happens when gas hits $4.00/gal)
3. Simplified fair tax code (everyone pays something regardless of how small the amount)-bet the size of those Tea Parties would increase.

Jim 05.06.09 at 8:00 PM

I am quite concerned about our nation’s intended foray into healthcare. The private health insurance providers do a fine job and should be left alone. If the government interferes with the private sector then it MUST be mandatory that all citizens be included and most particular our esteemed Senators and Congressman. Let this be a classless undertaking. I have read repeatedly that the 47 million uninsured is a bald faced lie.

Lisa Gillan 05.06.09 at 8:01 PM

I do not trust the information that the government is giving out about the economy. I think they have been playing with the numbers for a really long time to deliberately keep the people in the dark about what is really going on in Washington and on Wall Street. Not only can we not afford all the insane spending that the current administration is pushing but we face even bigger problems with Social Security and Medicare and Medicaid. America really needs to wake up to what is in store for us. Unfortunately there are so few voices willing to sound the alarm.

Thank you so much for what you are tying to do.

Lisa Gillan

Mike and Janice Daly 05.06.09 at 8:03 PM

it is truly gut wrenching to see our government transform from the will of the people to the dictates of those in congress. We want them to stop spending our-that is OUR money. They do not have the right, but they have made it their privilege. It’s called theft, robbery!!! They have forgotten their roles as servants of the people, but who are they serving up. I pray this madness stops. We need to get back to conservative ideals.

Capt Mike 05.06.09 at 8:05 PM

I think it time for impeachment for Nancy Pelosim,Barny Frank, and especially Chris Dodd, These crimanals should be put away. How about the bill they passed to let in
the Hamas extreamist. When Obama’s agenda blows up in our faces the people that
are alseep in the recliner are going to scream the loudest. Elect all new congressmen
except those that follow Ron Paul. We Need new representation…..

Karen 05.06.09 at 8:05 PM

Mr. Weiss,
I think our nation needs to get on it’s knees and pray to the one true God who can help.,.. We need to ask for His forgiveness and repent of our evil ways… Everyone in Washington needs to hear this and do this… along with all of America…

Allen D. Rutledge 05.06.09 at 8:06 PM

Martin,
Thank your using your knowledge and influence to try to stop our country’s slide away from the accountability that must accompany our freedoms. I want our country to return to an economy in which risks are borne by investors and this means the possibility of failure or success. We need to stop rewarding big banks for following the risky directives of government bureaucrats for stupid loans to customers who have no creditworthiness. When we allow these banks to fail, and stop making business decisions according to “political correctness”, then America has a chance to return to the great economic engine of the past. As long as politicians are dictating policy to our corporations and underwriting their risks with taxpayers’ money — we aren’t much different than Stalin’s Russia, or Hitler’s Germany or Fidel’s Cuba. Let’s return to being Americans again — free and responsible!

Betty Schirmer 05.06.09 at 8:07 PM

As I look down the road with the Obama Administration, I see (from my vantage point of 82 years) nothing but chaos with financial institutions, the housing market, and family instability. We thought the ’30s were tough with all the people out of work and general demoralization, but the families held together. This time there is very little family cohesiveness, the children are being warehoused in day care if they are not aborted first. Our youth are more into a “me first” mind set with too many “things” and not enough self discipline to care about the rest of the people. President Obama has that same attitude. Only God can save our country and I wonder why He would want to? But I am praying!

Gale Hunt 05.06.09 at 8:08 PM

Dear Mr. Weiss,

Thank you–for your service and asking me for the concerns I have.

1st–Our schools have taken over our children’s minds and they are being taught liberal/progressive philosophy as truth. We have a few brave Christian teachers in the system trying to bring balance and truth into the classroom. If we hope to bring America back to her glory, we must start with our schools now!

2nd–Our right to freedom of speech is alread limited in schools, the workplace and market pace. Canada has already banned the teaching of certain Old & New Testament passages that the three major religions all adhere to–Judiasm, Muslim and Christianity. We wil soon follow.

3rd–The text book system is also progressively minimizing the Chrisitian roots of this great nation–this needs to be stopped immediately.

Summary–We have alread been far too complacent for far too long. We have let the progressives take over inch by inch and that includes both parties. The only difference is that the dems are taking over and changing our country rapidy–with the speed of light! That being said, I believe that if we get the core of our treasured American values on tract (media being another avenue of delivering death to these great values), we can get the economy back in shape–we are hard working, inventive, industrious, intelligent people and appreciate the blessings God has given us–the right to love Him, our families, our neighbors and our country. We ask that our government make way for the people to succeed. We ask that they not elevate themselves ahead of we the citizens with separist pension and medical plans among other perks that are burdensome to the citizens who elect them.

Thank you for asking and concerning yourself and your hard work.

Gale Hunt

Anthony 05.06.09 at 8:08 PM

The only thing I can see happening is: The people in power, which has gone to their numbskulls, are deliberately forcing our Nation into bankruptcy at the rate of $2.5 Million a minute. And, that’s just the Interest on the National Debt!! Won’t take long to see us all gone! With that amount of Interest where do the hummers in Washington plan on getting any money for principle? There is only one place, The Citizens of these United States of America! It’s called increase in Taxes!! Increase in taxes means the worker takes less home to feed his family, pay the mortgage/rent, pay the utilities, keep his family car running. The American worker cannot take less pay and keep up his family life. I have great fear for loosing my social security and retirement, which barely keeps food on my table. I have even greater fear for my children and their children and thier childrens children. It will never end with all this reckless spending going on. The spending has got to STOP. Get rid of Pelosi’s private plane ride to and from California. That will save Billions of dollars a year. That’s only one examle of Reckless Spending. The power people in Washington have hundreds more ideas of Reckless Spending and they keep passing bill after bill with nothing but more spending. We need to get rid of those people and find the ones with some common sense to run this Nation, and damn soon!!!

Mr. Weiss, you are doing a terrific job for the people of the United States of America. Thank You for all your wonderful efforts. May God Be With You Always!!

Bruce Turf 05.06.09 at 8:09 PM

I want something done about the illegal aliens. Get them out. Jobs that they are doing could be done by Americans, hence lessening the job crisis. The money we spend to suppost them could be used to help our country, not spent to keep the moochers in this country. Millions of sex crimes are commited by illegal aliens. Money is spent to incarcerate 30% of the prison population, who are illegal aliens. Re-establish operation wet-back like they did back in the depression. Jobs will be formed finding and deporting these illegals, and jobs will be opened up for Americans to assume. And money will stop being spent on illegals who don’t even pay into the system. There may also be money left in the Social Security system when I retire since I have paid into it my whole life, unlike the illegals who haven’t paid into it yet reap the rewards that I have sown by the sweat of my brow for the last 40 odd years. I have no problem with them comeing to the United States. We are the best country on the planet, but do it legally so that they can meet the criteria needed to be a citizen of this country.

guy 05.06.09 at 8:09 PM

I followed you from day one and try to inform others at my job. unfornately they didn’t hear or see the warning signs and lost thousand and even thier homes. i’m sure glad i met you. god bless keep up the good work.

Johnny F Sammons 05.06.09 at 8:09 PM

I am a 65 year old GOD Fearing man and have been paying income tax and social sercuirty since 1962 and still do. I am so disapointed in our Goverment Leaders!!! In first place I would never have gave any bail out money to start without knowing how it was being used and might get them back on the postive track to a recovery and not have then squindering it away__Most to their own pockets!!!!!!!!!!!! I worked all my life as I grew up on a fram and being a only son I WORKED hard and have paid my way though the years. My Wife and I rased four children and taught them Values. So for thoes that has had it so easy and set on their rears and made a large salary. YOU Deserve no more unless they EARN it!!! Johnny Frank Sammons I will bail myself out!

Gary Keeth 05.06.09 at 8:09 PM

I manage my Mother’s portfolio thru Edward Jones. I have gotten to where I do not really listen to them any more because at 76 years old I feel that they should have advised me to move here annuities into a liquid money market fund before I told them to do so.
My questions are -
1) I went to a cash position when the Dow was at 7200and now it is 8000+. Should I leave it this way or take the tax hit and convert them to cash for other investments outside of Edward Jones.
2) I took a recent $10,000 that matured and left it in cash too. But they are pushing me to put it into another bond. Ideas? Comments?
I am concerned about further erosion to her portfolio.
Gary Keeth
Las Vegas

William Proctor 05.06.09 at 8:10 PM

When do you think the stock market will start to turn down again?

Merlin Bode 05.06.09 at 8:11 PM

Main Concern is DC is completely out of touch with citizens, they completely
disregard what we want and have their own agenda(maybe the one they are
being paid for). Watching factories being closed and the equipment and jobs
going overseas is dishearting. Open bordersare are such a problem that one
cannot imagine all consequences. I for one don’t want amnesty, we claim to
be a nation of law, but only when it suits the politicians and it’s an insult to
the people that try to come here legally. With our unemployment we don’t
need any work visas, we have plenty of unemployed to fill the bill. Spending is
totally out of control.

gary marcus 05.06.09 at 8:13 PM

i am proud of you guys for the effort that you have made. It is people like you that arte setting the positive tone of the resurgence of indvidual liberty in our great country. Never say die to these usurpers. We will defeat these elitist snobs. Freedom is where it is at.

David 05.06.09 at 8:14 PM

It is an honor to deal with a great American like yourself. Thank God we have people like to organize and stand up for our rights. We must also address and stop National Healthcare that is trying to be rammed through.

Frank 05.06.09 at 8:15 PM

Do you think the government will default on its debt ( treasuries ) some time over the next 2-5 years ? If so, what will be the fallout ? If so, where does one put his money for security ?

Frank

Johnny F Sammons 05.06.09 at 8:16 PM

I have had my say and I am a born American and Proud of it!! But not so proud of our leadership especialy NOW!!!!!! They are throwing us to the dogs so to speak SO SAD is it not?? Onece we were so proud__ Now ????? Johnny F Sammons

Mark Coats 05.06.09 at 8:20 PM

I beleive that there should be term limits as with the President of eight years and there should be a limit on how much money can be spent while running for political office. I also feel that if you are caught not paying your tax obligations you should not be able to hold a job in the government.That should get rid of about 50 % of the Bums that are there

Ken Mantle, Jr. 05.06.09 at 8:22 PM

Why should I trust the same damn crooks that caused the problem to begin with, to fix it? Where’s the criminal investigation? The American people have been robbed of now trillions of dollars and no investigation? I guess crooks investingating crooks is a bit hypocritical

Anthony Painter 05.06.09 at 8:23 PM

Like many Americans, I feel helpless sitting around and watching what our “leaders” are doing to this country. What can I really do to help fight this out of control spending?

Garth Patchen 05.06.09 at 8:24 PM

Mr. Weiss,

I appreciate your energy and voice in representing the People whose money is being pilfered and handed to private businesses that cannot sustain themselves on their own. They are business failures by any standard. It is unconscionable that politicians should interfere and criminally “take” from taxpayers (without a voice, and without transparency of how the funds are spent), and think that extortion could fix a robbery? The number of signatures you have fielded represents only a handful of the distressed Americans who will soon have to stand up to the administration official lackeys and demand a stop to this fraud. We also will demand accountability and remuneration…it is called Justice and is in accordance to the Law.

Just as any typical family man must stand and defend his home, family and livelihood against a home invasion robbery — so shall Americans defend vigourously against this banker and politician engineered robbery. We are left no choice. And WE the People are in the Right!

Maria Polo 05.06.09 at 8:27 PM

All I keep hearing is how well positioned JPM is. I believe I read it recently in one of Martin’s commentary’s that JPM has serious exposure to treasury derivitives. This is suppose to be the biggest threat to JPM. Can It be explained if this is correct , why and how this threat can become reality. I am looking to buy Jan,2011 deep out of the money $5 put options. Any suggestions on if this is a bad idea.

J. Carroll Hitch 05.06.09 at 8:27 PM

I keep hearing that to be effective all petitions must be presented with original signatures, yet you keep saying you are delivering our petitions that are done by e-mail. What is the scoop on e-mail petitions.

I’m concerned about higher taxes and especially death taxes and capital gains.

Daniel Berberian 05.06.09 at 8:28 PM

Based on the information you have given in this most recent update I am convinced that throwing good money after bad is a very poor idea. Banks need to be held accountable for the foolish way they dropped basic banking principals in favor of foolish attempts to increase their income. I am grieved that individuals that understood the principals and held back till they could qualify with 20% for a home loan are now finding themselves paying for the mistakes of others and that the fat cats in DC are foolishly diving off cliffs and taking us with them. Stop the madness, let the institutions that created this mess take their lumps and go after those that fraudulently approved credit applicatioins that were not complete or under scrutiney would not have met lending criteria. To add to the crisis I saw this week where a “Luxury Home Builder” was advertising on a hillside in Chatsworth that you can qualify with 3.5% down. Isn’t that working under the same faulty system that added to the crisis? They still don’t get it. You cannot put a bandaid on a wound that requires stiches. Please let congress know that if they had been paying more attention this didn’t have to be as bad as it is. Members of the House who saw this happen on their watch should do the honorable thing and step down. Their egos are only making this matter worse and they will manage to wisk the dirt away believing that they are blameless. Not so. When did the American people decide it was all right to serve the Congress instead of the other way around? At the local level, here in California we are under the worst attack in recent history with a legislature that is out of control and are building taxable income off of the homeowners knowing that the general public who do not own homes can vote in favor of these bills and have no consequence on themselves but simply pawn it off on the struggling homeowner. Yes, I am angry and we need leadership to parley our anger into grassroots action which holds as it’s moto, “No Taxation without representation.” Shame on past and present administrations for breaking trust with the American Public. For the past three years I have been on a fixed income because I took early retirement to become a full time caregiver for my Wife who suffers from advanced stage Alzheimer’s Disease. We own our home, but are looking at the road ahead of us realizing that soon there will come a time when we can no longer afford the property tax. To make matters worse we were denied disability because my wife was a PHD. working at UCLA where they did not pay SSI. Even though she qualifies for Social Security at age 62, she is two years away from that not to mention the last three years that we have struggled on my modest pension. Is that fair when illegal aliens are able to reap benefits that exceed what my American wife deserves? No. There can be no other answer to this question, but the same legislators that let this crisis occur are in a position to add to the problem by taking our tax dollars and investing them in people who broke the law by entering this Country and now are being rewarded for their tenacity. They say if it’s not broken don’t try to fix it. Well Sir, it is broken and we do need to fix it by upholding the basic tenants that this Country was founded on. We need to look at what the original designers of Social Security did and stop the maddness of bad conduct and dishonorable actions that have made the mess that it is today. And, it’s not over because this Congress wants to look at Social Security in the “near future.” That sends a shiver down my spine because my wife and I are Sixty and by the time my wife qualifies it may be too late to count on that which we know will be available then, not to mention if I can hold out till sixty-six to collect that which I have paid into the system. I ask for your help Sir, so that those of us who have Served this Country with Honorable Discharges and went on to do the honorable things that were expected of us in society not be treated with such utter disrespect when we were willing to lay it on the line. Though I am not a “Combat” Veteran, I served honorably from 1971 to 1974 on active duty with the U.S. Navy when our Country was at War. What we are living with now could not have been imagined by me back then. Viet Nam era Veterans were not treated with respect and that is a matter of record. Still, what we did in society, this society, thereafter paved the way for the dignity that is given to today’s modern Military Men and Women. I grieve over the snap decisions that are made in Washington without so much as a thought to what it means to middle class America. Why should we expect anything different when those in Washington are promised pensions that represent the full amount of income they made while in office. Name a Corporation in America that treats it’s employees to equal consideration. Isn’t that the best indication that Washington is looking out for itself. How can they offer sympathy to citizens losing their jobs and pensions when they are so secure themselves. Clearly this is not and never will be right until the pensions are reconfigured to match the business world that exists in this Country. Pigs will fly unfortunately before anyone offers that up from the House or Senate Floor. Bitterness comes from ongoing deception and misconduct that goes unchallenged. Where is the “accountability”, where is “Conduct becoming of a Statesman?”

Barbara Jarrells 05.06.09 at 8:30 PM

Martin,

My husband and I are 53 years old and planning on retiring in 7 years. It scares me to death to think about our future. We just refinanced a home we are trying to sell so we can purchase another in a better area. I no longer feel that owning a home is a good investment especially since we plan on moving out of this area when we retire. Our choices are to move into the smaller home, forget selling. Or rent the house and keep it as a rental while we rent another home ( in a better area) until we retire. Purchase property where we plan on moving to so we can build what we want.
Whats your advise?

David Bere 05.06.09 at 8:31 PM

Its way past time to stop the bleeding of the government & its citizens. To have worked 43 years only to see the government wast our money when in the end it won’t make any difference beyond placing our nation & all its people at great risk. I don’t want or feel it is my grandchildrens responsibility to pay for the mess the government has gotten us into. So stop & let the companies that are going to fail; FAIL.

Dave L. Carey 05.06.09 at 8:32 PM

Dear Martin,

Sorry for the lack of formality. Being a retired man of 66years I’m most concerned with the coming inflation that is sure to raise it’s ugly head in the not to distant future due to the extreme spending by our not so illustrative government. It seems apparent that with so much spending going on, it’s going to play hell with my projections on funding the rest of my retirement. I remain extremely concerned that I won’t have sufficient funds available for our remaining retirement years.

Sincerely, Dave Carey, Phoenix, AZ

Dale Hefner 05.06.09 at 8:32 PM

Dear Martin:
as a 70 year old small business (started my business 32 years ago) owner who I can assure you has seen some bad times and just seems to keep ticking. I have crushed the numbers over and over and still can not see how our President and congressmen have the gall to continue the facade against the American people. I know this, the present adminstration and congress would probably be strung up or tried for treason just 50 short years ago. please keep up the good work and if I as one individual can help you in any way do not hesitate to contact me.

Sincerely,

Dale Hefner

Kathleen Moore Sparks 05.06.09 at 8:32 PM

Thank you to people like you who stand up for our freedoms and the principals this country was founded on!!! May God Bless you. We fought so hard for our freedoms, don’t let the evil crooks take it away!!!! Wow, the not so educated voting public thought they “elected” saviors - Now what folks???? You better stand together and fix this mess you have made!!!

Travis W. Keith 05.06.09 at 8:34 PM

In my opinion the current administration’s policies of bailing out troubled banks and auto manufactuers and insurance companies will wreck our economy and put our country in debt that can never be repaid. Why should those companies that have failed be rewarded with taxpayer money for failing. If a company is to big to fail, it;’s to big to exist. The FDIC should take over the troubled banks and if necessary liquidate them and sell their assets to other stronger banks.

Our current bail out policies will only extend our misery not cure it. Unemployment is still increasing. No recovery can come until our workers have jobs. This is not happening. Lets let the market cure it on problems with only whatever Federal oversight that might prove helpful.

Francee 05.06.09 at 8:35 PM

Martin,
Thank you so very much for delivering the petitions & for speaking with our representatives, both Republicans & Democrats. I need to clarify something first. I thought I heard first that Bank of America needed an additional 34 billion dollars and then I thought I heard that they wanted to return 34 billion dollars as they had used the 45 billion they had already been given & they did not want the additional 34 billion the government wanted them to have. Please clarify for me.
I want our economy to return to as much of a capitalistic economy with the jobs being created in the private sector as possible. I want the federal government out of any owner position, control position, and I want the House & Senate to pass a balance budget amendment which will be lasting. I want the tax system to change to a flat tax. And, I want the Republican party to return to the straight conservative party it once was under Reagan - little government involvement, protecting our borders, ouir citizens, and going after the “bad guys” be they CEO’s, Wall Steet, etc. I don’t want left leaning Republicans to be called Conservatives. Let them start their own party or become Democrats. I want ethics & morality to be reborn in the Senators & Representatives we elect so that we can trust them.
I recently visited Ellis Island and was astounded and amazed at how the American worker & citizen was protected from the immigrant who came here legally! (Let alone illegally) Each immigrant including children in a family, had to have a specified amount of money on them which would allow them to live for I believe it was 2 weeks, which was the amount of time it was felt it would take them to find a job. Each immigrant was expected to work and to be a contributing member of this society. If it could be determined they had a pre-arranged job & their new employer had sent them money or helped in any way, they were refused admittance to our country and returned to their own. I’m sure there are other things I could mention, however, I will end here. Thank you again for getting petitions available for people to sign, for delivering them to Washington DC, and for being a voice to all you have spoken with.
Francee

Ivan R. Vail 05.06.09 at 8:36 PM

I am opposed to these outlandish bail outs of our banks & auto makers. It never should have started in the first place. As for our economy, it went down the drain when we started shipping all of our industries over to foreign countries. In my mind Oboma is out to bankrupt the good old USA, & turn us over to another country as a socialist outcast.
My old mining partner used to tell me back in the ’60’s we needed a revolution to set this country back on tract. I didn’t believe him then, but I sure do now. Start with throwing those bums out of DC, start again from scratch !!!!

phyllis newman 05.06.09 at 8:36 PM

what will happen if our credit as a country is so devalued by all the money we are printing with nothing to back it up, that even the treasury bills are worthless? The treasurey only money funds will be worth zero to, right? Does that make a hard asset like real estate have more value? even if it is less liquid?

James Healey 05.06.09 at 8:36 PM

when will someone stand up and tell the public that the Fed is not federal, and is owned by the private banking system, and when they print money itdestroys the economy. We need to take back control of the whole banking system.

Jim Sears 05.06.09 at 8:37 PM

Short of session by the states from the Union, I see only one viable possibility to put a stop to the power grab and treason that is taking place in Washington. I have not heard this mentioned in any arena but if successfully enjoined could put a stop to this insanity in one mortal stroke. That action is for the Governors of the U.S. to call a Constitutional Convention and repeal the 16th Amendment. End the independence of the Federal Reserve. Enact Amendments that Define the Articles of the Constitution concerning the powers of the Federal Courts and take away their ability to be activist in any fashion. Enact a defining Amendment that clearly defines the 2nd and 10th Amendments.
It is money and the power of the Federal courts that allow the Democrats to do what they are doing. To remove one and emasculate the other and then do away with Departments that would no longer be necessary, such as the I.R.S., E.P.A. H.E.W. and other departments that serve no purpose other than to pursue the Liberal Agenda.
These actions would immediately reduce the Federal Budget to a manageable figure and return the power to the States themselves that the Constitution intended.
Why is this option being ignored.

joel carson 05.06.09 at 8:40 PM

I have recently become aware that it is most probably true that the Bilderburgers and Trilateral commission people are manipulating everything that happens throughout the worlds socialist and capitalist economies .The only reason they don’t try to run the economies of islam is because outside of oil there is very little islamic economic power.The Bilderburgers own the Federal Reserve and the World Bank and have owned our last four presidents by manipulating the insatiable greed for money and lust for power.Rithschild was right when he said he didn’t care about politics as long as he controlled the money.We haven’t had a clean constitutional form of gov’t since FDR except maybe Truman,Eisenhower,Kennedy who was assinated by the Bilderburgers be cause they couldn’t buy him and he wanted to get out of Vietnam in which the Bilderburgers had major investments.And then there was Reagan who was to much a patriot but wasn’t a threat and was loved much by the American people.

They own Obama and Hillary and Bill Clinton and before that GHW Bush and after that GW Bush.They sold the future of Americas economic recovery and wouldve sold the soul of America as they sold their own if they could’ve.Obamas policies of immigration and economic policies are planned to further the spread of Islam he’s a muslim mole and everything he does is to help Islam.America is in deep doo if he’s allowed to finish this term .He should be impeached and at minimum defeated in the next election and tried for treason.The Fed must be dismantled and control of our economy taken back before America will reover.

Joel Gondelman 05.06.09 at 8:41 PM

Dr Weiss

I wish to thank you for the education that you are giving us and letting us know what is exactly happening in both the government and the marketplace. Please continue to inform us of the ups and downs of the market in general as it helps me in my quest for additional funds for myself and other

Thanx again
Joel

Walt 05.06.09 at 8:42 PM

should i now be shorting the real estate market or waiting until the last shoe drops?

Scott Padilla 05.06.09 at 8:42 PM

Thanks Martin for all that you do and all that you’re passionate about. I have been in the oil field since early 80’s, and seen the devistation that the country endured when the Government slows down the drilling and mining. We as a country have been prospering richly when these fields are working strong. It seems that everything benefits from this. From the local stores to the auto industry and the housing market. So we need to get back to work with more drilling programs not less. Thanks scott Padilla

Michael S Hamby 05.06.09 at 8:42 PM

Martin,
I am encouraged by your commitment to actually do something real and meaningful, (petition 59K+ signatures), in DC.
I am not encouraged by Washington’s non-responsiveness to anyone, its as if “We The People”, don’t exist.
I wonder what 2009, 2010,&2011 tax returns will look like from Middle America and Small Business when we claim all the losses from these years. Obama can raise taxes all he wants, but if American Small Business is at a loss there will be no revenues. Combine that with all the BailOut $, and well I don’t want to even think about it.
Thanks,
Mike Hamby
Delta Motor Co
Columbus, Ga

Kathy Haddon 05.06.09 at 8:42 PM

Fine job Martin. I am glad we have so many voices. But, I am beginning to become worn down. I know this is what they want. Their pathetic agenda just keeps coming. We don’t have any ears in Washington that are hearing us! Everything goes ahead, no matter what we say, no matter who we call, no matter who we email, no matter who we petition. I’m trying!

Bob Senko 05.06.09 at 8:43 PM

How can Bank Of America stock go up 15%+ on a day when it revealed they will need 34 billion dollars to survive? Also, You pointed out that when the General Group declared bankruptcy they had 27 billion dollars in debt most of that owned by Citigroup and Goldman Sachs, yet these new debts are not appearing on the banks balance sheets. Same with 16 billion in Chrysler’s debt. Where is this disappearing to and is the government taking part in this cover-up?

Milbert Oster 05.06.09 at 8:43 PM

I am happy that there is someone who can tell the truth. The stress test on the banks have been sugar coated because the big shots know that if the truth is told the stock market will drop like a rock and that would be the end of the recent rally.
Go for it.

Walt 05.06.09 at 8:43 PM

one more question; is this the right time to be buying 30 yr. bonds?

Jim Audet 05.06.09 at 8:44 PM

Mr. Berneke with his girlfriend Rosy Scenario gave us the good news today that sales were up. Are they coming from the rapidly mounting unemployed or people whose houses are being foreclosed?

Jim Hassinger 05.06.09 at 8:44 PM

Am I reading this wrong; or are we being conned, on the latest Obama stimulus? I’ve learned that I am to receive an extra $300.00 in my paycheck this year. How this is being accomplished is that for my next 15 paychecks, my employer will not place $20. into withholding taxes, allowing me to have an extra $20 in my net pay to spend. (That’s the $300.00 stimulus?) Then on top of that, the “extra” $250 that is being sent from Social Security this month, “to be spent”, will have to be paid back at 2009 Tax time. (Because “they” already gave me an “extra $300″ in my paycheck!)

Edwin Belles 05.06.09 at 8:46 PM

I do not care what the media says or anyone else for that matter, the market can show slight increases but this economy HAS NOT HIT BOTTOM YET! When will people wake up?

Dee Jakobsen 05.06.09 at 8:50 PM

I really feel like we are helpless in this democratic majority political forum.
I want the govt. to let the companies they are helping out work things out on their own.
I want the govt. out of private business.
I want my small business to survive without extra taxes so I can pay my employees and
lose my customers because they are not able to spend extra money for my services.

Alexandros Konstantellos 05.06.09 at 8:53 PM

Sirs/Madam
I have been trading these markets for the past 27years, i like to read your newsletter, but after what i have seen in the past few months about how the market is trading and stress test and bulls in bear markets, don’t you guys think that this is still the underlying problems fro the whole S&L debacle and things should have been fixed up there and then, This market is a fraud, its people that have been elected are frauds and no one is telling Joe and Jane Doe that they have saved and worked for nothing in the past 30 odd years, I have never witnessed such garbage and lies that the banks are putting out, yet there stock rallies on bad news? So either this market has become better than me or I’m missing the beat somewhere. I now live in My home country Greece, we are bleeding and we will bleed some more, the public will rise and rebel to what is happening, innocent people that work hard and save are been punnished for failure and lies that the US system is spewing out, I love the US and its people, but this is really getting out of control;
I wish you well in your endevours
Alexandros Konstantellos

fred r. tuerpe' 05.06.09 at 8:55 PM

Thank you. I just hope that those in Washington will do more then just pay you lip service….but I doubt it.

Gary Alvarez 05.06.09 at 8:55 PM

Martin: With commercial real estate collapsing, will the Life Insurance companies be next to fail since they are so heavily invested in them?

Frankie Altsman 05.06.09 at 8:55 PM

I am so disheartened over the direction our wonderful country is being taken in just 3 months. I truly do NOT believe our congressmen here in Colorado even take note when we call Washington or send them e-mails (and I’ve done a lot of that). They seem to be doing exactly what they want and to heck with the American people.

Shirley Lajoie 05.06.09 at 8:57 PM

As a retired person I am worried that the government won’t be for the people. It sounds like all of our rights are being taken away. The government is telling businesses how and what they should do. What happen to freedom, where are the people that we elected to protect us. It seems that they are filling their pockets and the hell with the little people. I am frustrated and scared that our economy will collapse. I am sorry to say that I don’t have any faith in our president they way he keeps printing money and bailing businesses out with our tax dollars.

Erma Corbitt 05.06.09 at 8:58 PM

We are an older retired couple - ages 69 and 83. We have two houses - one paid for and another with a mortgage of $1600 per month. Money is tight, but we are doing okay. My husband thinks we should get a reverse mortgage on the house that is paid for so that we can buy another house while the prices are down. The rent from the purchased house would pay for the new mortgage. I think it is too risky. Is a reverse mortgage to increase our holdings a good idea?

I have just inherited $26,000. I have heard that our dollar may become worthless as the U.S. may go to other currency. Should we put what cash we have into short term CDs? What about gold coins (one ounce ones plus a lot of “nickels and dimes”) for use in case the dollar fails?

If the banks fail, will we be able to get into our cash deposit boxes regularly? If our CDs were at a bank that failed, would we be able to cash the CDs?

Thank you for the chance to ask questions.

Erma Corbitt

Beau 05.06.09 at 8:58 PM

Dear Martin,

Thank you for your good work. We need more people who can get in front of Congress and tell then what they are doing, what they should be doing and what not to be doing. Then my next idea is that everyone keeps calling the Dollar “Our Money” and this bothers me. If it is our money then we should be getting dividends and stock certificates from all these companies President Obama has “bought our”. Also if we are not entitled to that then it is not our money, it belongs to the Federal Reserve bank. So let them keep their “funny money” and their funny money debt to the world too. They can own all the bankrupt businesses and the mountain of debt and let us Citizens take our dollars and buy up Gold and Silver and go back to real money for normal life. When the dollar goes up in Smoke, the Federal Reserve Bank will go along with it but We the people will carry on. I don’t want to hear about “My debt” and my enslavement and that of my children to a band of thirves and crooks. It is time they got handed what is due them. Give them back what they created.

James R. Fox Jr. 05.06.09 at 8:59 PM

Individual situations and events can give us cause to scratch our heads and wonder, but when you begin to put these things together like a puzzle these situations and events turn into an ugly nightmare of immense proportion. We all of us need to not back down with our resistance to the destruction of our beloved country.

Gary Alvarez 05.06.09 at 8:59 PM

Martin: With the commercial real estate market collappsing, are the life insurance companies next to fail since they are so heavily invested in them?

John McDaniel 05.06.09 at 9:00 PM

As we have seen, the government giving monies to the auto industry ( GMC / Chrysler )to prevent them from filing bankrupcy, only to see them file chapter 11. And with the government giving billions of dollars to the financial institutions, only to be told that they will need billions more. Isn’t it about time for the government to allow the failing industries fail and make plans regroup and build a stronger America after the collapse, than to put the government in a position where we will bankrupt this country, turning us into a third world Socialist nation.
The past eight months we have poured money in failing industries only to be told more money is needed to prevent failure. Stop taxing our children and grandchildren generations. There may be a few lean years before a recovery is seen but to pentalize generations not even born for the rest of their lives is absurd.

karl 05.06.09 at 9:00 PM

Dear Dr. Weiss,
Everyone should call their congressmen to support Congressman Ron Paul’s Bill (HR1207) to audit the FED and provide transparency as to where our $10 trillion dollars went. Let the democratic system work. Call your congressmen now and make sure they have voted to support this bill. Thank you Dr. Weiss for all your insight.
KarlV

Bob Richardson 05.06.09 at 9:04 PM

Martin,

Been a subscriber of yours for years, you have never been more right! Thank for the website to submit the petition and the opportunity to get our friends on board. Been sending e-mails and faxes to my reps with seldom a reply, hope and pray that you and our petition have more effect upon the deaf and dumb in Congress. You are one fine Patriot and we pray for your success in turning heads and ideas our way, the taxpayers’ way. The bailouts are immoral and cannot continue, good luck and Godspeed in our effort.

Bob & Eiko

daniel morris 05.06.09 at 9:05 PM

BS”D

Dear Mr Weiss,

The current unwinding and unraveling of global DERIVATIVES in the sum of US$600 TRILLION appears unstoppable. If this is the case, we can expect the following;

a) collapse of all stock markets globally
b) collapse of the global banking system
c) collapse of commercial, industrial and residential property sectors worldwide
d) reassessment of curencies globally and the printing of more money
e) months, and for years after the printing of more money the collapse of specific currencies

QUESTION: Even in great democracies, should the obvious points I have made above be permitted to appear in the public domain?

Best wishes,

Daniel Morris

Rick Mohney 05.06.09 at 9:05 PM

The ONLY WAY in which our country is going to survive this socialist maddness is for our people to really know what is going on. This requires honesty!! We can relieve this situation by going to a capitolist system and getting rid of all of the beurocratic aspects of government. Including the IRS!!!!!!!!!!!!!!!!!

Caroline Hendricks 05.06.09 at 9:06 PM

I am concerned about our gold investment. The old saying when everyone say’s buy, isn’t it time to sell?

David Fisher 05.06.09 at 9:06 PM

Dear Martin Weiss,
Please tell the nice folks in DC that we are watching. Tell them that we are not idiots. Tell them that we know how badly they are managing our money because many of us are small business owners that face worse problems than them everyday. Tell them we are the ones that create most of the jobs. Tell them that we don’t need them. Tell them that the bonuses they are voting themselves is our money. Tell them if they don’t straighten up we will come and take our money back and fire them. Tell them the fuse is lit and getting short. This is not a threat, it is a promise.
David Fisher

CARLOS PRIETO MADERO 05.06.09 at 9:09 PM

Dear Martin:

Receive my honest congratulations on your extrordinary efforth to bring this clamour to Congress and media in general. It is indeed motivating that a man with strong will and solid basis has decided to act, rather than just gossip, confront those big and powerfull vested interest that are damaging so much our living, with tremendous negative effects for future generations. Keep on pushing, I and many others are backing you up.

Johnny F Sammons 05.06.09 at 9:10 PM

I as a smiple man and not a collage eduation yet do have some common sence. For what ever it may or may not be worth I just wonder since most taxes is paid by the common labor then why did not our so great of a goverment do differant with all of this bailout money?? Me I would gave grants to the people that was out of work as to our wrong spending and helped them pay their debts owed to some of these banks and etc. The money would worked its way back up the ladder it came down. I get angry everytime I thin or read about what has been done!!!!!This Is a WE Problem but the common worker seams to be the most damaged by such reckless spending and just plain giveing it away!!!!!!! YES I AM ANGRY Johnny F Sammons

Wayne W. Silzel, CRE 05.06.09 at 9:12 PM

We are entering the next phase of financial challenge and no bail-out programs are big enough or affordable to stop the inevitable market adjustments. Commercial properties have been over-valued for six years and the supply of distressed properties will continue to grow for at least two years regardless of federal or state intervention. This trend will be followed by seriously underfunded pension plans, college endowment programs and state and local government budget shortfalls. There are no feasible ways to fix any of them and major cutbacks in expenditures will be required. Wasting tax payer dollars on large scale bail-outs will jeopardize our currency’s stability world wide and prolong the recovery that will eventually occur. For 40 years we have been eroding our capitalistic society and are now in serious risk of becoming a socialist democracy dependent upon stronger nations and currencies. For far too long the majority of our citizens have relied upon government subsidies and welfare to sustain their well being. I believe we are in a downward trend economically and socially that will lead to a lower quality life style for everyone, not just the risk takers that have been paying the bulk of the taxes. Politicians and industry leaders have focused on personal well being rather than the best interest of their constituents and shareholders. As a result, our country is at risk of losing its prominence in world leadership. Self reliance is no longer a virtue among the majority. Most prefer to shrug off responsibility and live beyond their means.
Sorry to be so negative, but that is how I see it. I’ve been a commercial real estate finance professional for 50 years devoted to continuing education in my field. I’ve served on my City Council for ten years and taught professional real estate courses. I only wish I could offer constructive solutions.

Michael 05.06.09 at 9:15 PM

Why should tax payer’s bail out these huge corporations? What happens when johnny-six-pack runs out of working capital with his local grocery store, “He shuts down.” Thats a capitalistic economy.

Sharon Harris 05.06.09 at 9:16 PM

My husband and I are retired, but I have gone back to work. We lost half our retirement funds in the first crash. I am so afraid we will now lose what we have left.

Philip LePore 05.06.09 at 9:16 PM

Martin,

Your voice is an important one for any investor.

Keep up the good work.

PL
Albany, NY

Jeremy Price 05.06.09 at 9:19 PM

Dear Martin and friends of this blog..

It seems that the Canadian resource sector has been on fire of late.. Breakwater Resources,
and Opti Canada are two stock charts that come to mind.. Despite these recent sepctacular gains, I’m afraid that just as most investors has ‘plunged’ back into the markets, they will
be whipsawed by ‘unexpected’ events that Martin has warned us all about.. I hope everyone here has the wisdom to insure their portfolios with gold and silver bullion (preferrably bars)..
For those who are silver bugs, First Majestic Silver is selling VERY REASONABLY PRICED silver bullion off their website at very modest premiums when the physical silver market is in very tight supply! Good Luck to all and G-D Bless…

m. thomas 05.06.09 at 9:19 PM

Thank you Mr. Weiss for your tireless efforts in presenting the truth! No matter how altruistic, and/or misguided Washington’s efforts may have initally been, it is clear that we can no longer throw good money after bad. As you have said in the past, this money can and should be used around the country in municipal and community support for everyday citizens. It would be a vital link in assuring and maintaining the “normality” of life for millions of America’s deserving citizens.

May God Bless You,

Michael Thomas

Bill Eriov 05.06.09 at 9:20 PM

The only way we are going to get out of this mess is by every person in this country to be PERSONALLY RESPONSIBLE for himself and his family in everything they do. A lack of personal responsibility is what got us into this mess. The GOVERNMENT is not only NOT THE ANSWER, it is the PROBLEM. Politicians have made people so dependent on government over the years as a vote buying gimmick fully aware of what they were creating. Washington and LIFE LONG POLITICIANS who dont give a damn about the people in this country have ruined America. Term limits have to be instituted for US Senators and Congressmen. Two terms is enough. It was supposed to be public service and not a lifelong career. This is a MAJOR problem leading to our demise. Personally I dont believe these guys care what the people want, they are a bunch of elitists and they are going to shove whatever THEY want right down the throats of the American people. Its becoming a hopeless situation and I believe we are headed for something similar to NAZI Germany in the 1930’s. Sound crazy? Just wait.

Thanks for you efforts and hard work.
Bill

Fred Losavio 05.06.09 at 9:20 PM

My concern is “big government” We do not need the government to control the private sector. Bad businesses should close down, from mainly bad or ignorant management. We(taxpayers)have hired the politician to do aur bidding not their own. These politicians need to account for their actions to us. The constitution and it’s ammendments should be their first prioty and not any special interest or lobbists. Leave the private sector alone and I bet the economy will rebound.

Jonna Perry 05.06.09 at 9:21 PM

I just want to say “thank you” for you your time, effort and tenacity in presenting the views of the many that so vehemently oppose the “Obama agenda.” Keep up the hard work we’ll all keep fighting the good fight.
God Bless You!!

Dorothy Frisby 05.06.09 at 9:21 PM

What I cannot fathom is how the government, in all its “wisdom” can think it is okay to send billions of dollars of OUR money to failing institutions, who THEN reward the CEO’s who led them to the brink of bankruptcy with MILLIONS of dollars in bonuses! What happened to personal responsibility? And what happens if you and I, the common person, fail to meet OUR obligations? Do we get rewarded in the same way? I think this country is upside-down in our thinking (or non-thinking).

Karen O'Neill 05.06.09 at 9:23 PM

Martin,

Thank you for all you are doing. What concerns me the most about the economy is that there is to much government. I want it to stop. I want them to protect us and our freedom and leave the rest to the people. But Obama doesn’t have a clue how to govern. He only knows how to swoon people with words (which he said in his book learned at a short speech when he was in college). He is just campaigning and letting the corrup staff do a lot of damage and they aren’t the most useful tools in the shed. I sometimes think they are going to do what they want and it doesn’t matter what anyone else does. The car company is now practically owned by the union. It and Acorn are going to be the downfall of this countries economy.

Thanks
Karen

Richard H.Erat 05.06.09 at 9:24 PM

I follow the content of your messages ,with out any major disagreement with you thus far.
I am encouraged to send you a copy of an introduction to a specific 2 page summary of a review of Dr. Burton Fulsom’s “New Deal or Raw Deal?”,the intimate account of the corruption of the F.D. R. era.
I find that constitutional conservatives need to be equipped to contest a new era of big government.
Thanks for your attention.

Jean Zawlocki 05.06.09 at 9:24 PM

Dr. Martin Weiss:

One question that has always plagued me, is it true that any immigrant can get
welfare benefits without ever holding a job? As an AMerican bred taxpayer, why
are we paying for it, if it’s true?

Jean Zawlocki

Richard H.Erat 05.06.09 at 9:31 PM

I read most all of your messages,most of which I agree with.
I want to forward a review of “New Deal or Raw Deal?”,a documentary of the corruption of the F.D.R. era.

Lenore Powell 05.06.09 at 9:31 PM

Dear Mr. Weiss, America is in for a total meltdown. World powers, like China, are waiting for the opportunity of the century, to come in and take over. Deregulation has taken its toll on America. Greed has backfired. America leads the world in corruption. Thank you to all the deceitful politicians and CEO’s who are above the law, they’ll NEVER be brought to justice. The worst is yet to come.

Richard H.Erat 05.06.09 at 9:32 PM

Appreciate your service!

Charles Farley 05.06.09 at 9:33 PM

Please continue your battle. I am disturbed by reports of goverment ignoring the law with respect to cryslers & GM’s settlements. Lots to work on. CPF

william cassity 05.06.09 at 9:37 PM

Congress cannot spend the country into prosperity.

Sue 05.06.09 at 9:38 PM

Martin-
I did buy your book & am trying to reorganize my retirements funds, which are already half gone! My annuity, which I cannot remove without penalty, is with a co. that is now rated a “D”. I cannot move the funds into the protected “fixed fund” because it’s not FDIC protected. I’m considering moving the mutual funds to short term bonds. I moved the rest of my funds out of the market & into cash last November. I’m considering moving out of cash & into short term, intermediate bonds at a 6% return. I have just started a new business which is very slow right now & need some income but can’t afford to lose any more. My broker wants me to be partially in the market so I don’t miss the upswing. I’m not interested in getting into the market at this time but would consider short term bonds because I expect the market to go down. Help- there’s so much conflicting advice now! With all the crazy govt spending, how can anyone think we’re on the road to recovery??

Jerry Collins 05.06.09 at 9:38 PM

Dear Mr. Weiss,
God bless you. You are a real American!
A man must believe in something; and I believe the recent run up in the stock market is a typical bear rally (just like in the early 1930’s), and doomed to failure. If I am wrong, then God bess America! Furthermore, you could not drag me into the stock market during the summertime. That is when the rich sell their stocks and go on summer vacation. The rich get home in September and look at the stock market. They say “My gosh!”; and call their broker telling him to sell the rest of their stocks as soon as the market rallies. By October they are calling back to say, “Get me out at any cost!”
With another 600,000 American workers laid off every month, I expect real estate prices to go down further. Some of these workers must own houses or at least rent houses. With nothing but a small unemployment check that will run out in 6 months, they cannot make their house payments or pay their rent. I know, I was there, back in the early 1980’s.
The demise of the Dollar is premature. The value of the Dollar is based upon its exchange rate with the other major currencies. They are all just paper fiat currencies. The Dollar is maintaining its value only because the values of the other major currencies are falling just as fast or faster. People in other countries convert their cash into Dollars and then buy US Treasuries as a safe haven.
Sincerely,
Jerry Collins

Thomas Beuckelaere 05.06.09 at 9:39 PM

We need good jobs and lots of them. Not more of the same sending jobs to China so the executives can have millions in bonuses. This is nothing more than poor management and rewarding themselves for it, because they refuse to restructure the company the way it should be done. Other countries have built factories here and do well. Why can’t our own make it ?

Joe Duval 05.06.09 at 9:40 PM

Martin,

You are the most right on no thrills financial expert I’ve ever that the pleasure of dealing with. Sometimes it seems as though you have a crystal ball as your forcasts are usually dead on, however the timming is a bit off at times. You have saved my ass several times unfortunately others I know who have not heeded the information and took a major spanking. This great nation needs a meat and potatoes guy just like you. I’m not a man of religious faith however I must say may God bless you.

Best Regards

Joe Duval

Evan DeWan 05.06.09 at 9:41 PM

Martin,
As a parent, I’m concerned for the financial future of my children and grand children: are they destined to live a progressively lower standard of living throughout their lifetimes because of the massive wave of inflation coming (or the devaluation of our money)? Let’s not wait for the train to wreck and tighten our belts now so they have a chance. Let the market provide the natural selection in banks and corporations so the strong survive and prosper and bring the economy along with them. Let the others fail so we can stop the bleeding.Go get ‘em Martin!

Andy Seles 05.06.09 at 9:43 PM

Martin,
I’ve read your book, The Ultimate Depression Survival Guide, from cover to cover. It’s so refreshing to hear a clear, coherent, rational and moral view of our nation’s current economic challenges. Even better are the logical steps you outline to protect my wealth. I’ve followed your advice for many years and have no regrets, I can tell you! Here’s my question: I’m building a new home, having bought the building lot at a steep discount, but I’m getting a little concerned about mortgage rates, given the recent rise in the ten year bond yield. Can you briefly explain the connection between the two and suggest whether I should lock in earlier or later. Martin, thanks for all you do!

Andy

patricia paquette 05.06.09 at 9:45 PM

The mind set of our goverment is so low now , and what concerns me is there our so many people in this nation now that have the same mind set. Its not what can i do for my country but what can my country do for me.

STEVE TOENIES 05.06.09 at 9:48 PM

I AM CONCERNED ABOUT THIS AMNESTY PROGRAM. LEGAL IMMIGRATION WITH CLOSED BORDERS IS WHAT WE NEED. APPLY FOR CITIZENSHIP, LEARN ENGLISH,PAY TAXES AND EARN ALL THE BENEFITS AMERICA HAS TO OFFER.
NEARLY 25% OF ALL OUR FEDERAL PRISONERS ARE ILLEGALS, THEY ARE A BURDEN ON OUR HEALTH-CARE SYSTEM, THEY DON’T PAY ANY TAXES AND SO MANY ARE WITH THE CRIMINAL ELEMENT. MAKE THEM ALL APPLY, CHECK THEIR RECORDS AND LET THEM BECOME CITIZENS LIKE ALL THE IMMIGRANTS OF THE PAST.
STEVE

john spytek 05.06.09 at 9:48 PM

If they are to get money from the gov. then they should open there books to the fed’s. They should eleminate all bouseses. Cut ceo’s salaries to $1. thank’s john

Richard Brendl 05.06.09 at 9:49 PM

People should now realize how equity markets work. They have nothing to do with logic and reason and everything to do with capital flows, manipulation and fear. If you would stop preaching reason and logic to your subscribers they might actually make some money.

Virginia McFarland 05.06.09 at 9:49 PM

Thank you so much for representing me today as you delivered our petition and spoke on my behalf. I really appreciate it!

You asked me to tell you what my concerns are, Below is my greatest concern.

I sincerely believe that the financial chrisis is only a symptom of a far greater problem in our once great nation. Our nation is bankrupt spiritually and morally. I believe with all my heart that the real problem is a spiritual one. We are in a life and death struggle for the very soul of America, and the only solution is a mighty revival. We must cry out to God to have mercy on us and ignite the fires of revival in His Church.

Chronicles 7:14 says:

If my people, who are called by my name, will humble themselves and pray and seek my face and turn from their wicked ways, then will I hear from heaven and will forgive their sin and will heal their land.

Thank you.

Joesph Prescott 05.06.09 at 9:50 PM

Dear Sirs
It came to my attention when i was a young boy if i didnt have the money i couldnt have it and every store would tell me the same. When i was older i put several thousand dollars in a money market account which paid a higher yeild of interest but the money was loaned out making a higher return on my money seems fair enough after all this money even though it was mine was assumed it was theirs and proved so when 1st Interstate Bank went under…uhmmm went under. i lived in Alaska at the time and they called it chapter 7 Bankruptcy. Oh there was no bail out there and let me tell you about Alaska Mutual Bank, they too went chapter 7 the list grows and there were no bail outs because its biggest effect was on a small populace only having 500 thousand people state wide. It was our worst economy housing dropped 50% in less than a year jobs that paid 2500/ month were eliminated (the person) and a new cheaper modle came in for 1200 dollars my job went away and you know what the big lesson is the Federal Goverment did nothing to save the housing market in Alaska which if i recal is a state then that is what should be done now. If banks are broke, well they need to lock the door auction the stuff off as they did my house and hand them a bill for what they still owe. We the people of the Country owe no person any bonuses, or wages in the private sector. GET that “PRIVATE SECTOR” It is better the companies and banks that cant manage their assets wisely to be gone so we can have a stronger more stabalized country and this will only happen if we let it occur otherwise evertime any person is in a financial squeeze we all should be entitled to a bailout equal to AIG or is this one of those things you have to be one of those guys in the 5 thousand dollar armani suit to get a bunch of millions from the goverment. I feel cheated they were incapable of their jobs and we gave them an incentave to keep doing badly….Great Job.

Chuck Kampmann 05.06.09 at 9:51 PM

Martin: You’re to be congratulated on getting the petitions & delivering them. The philosophy of Bush/Paulson “too big to fail” has us in this mess. The whole financial system should be restructured, but there are many powerful interests who don’t want that to happen. If it is possible at all, it will be very difficult because these powerful interests own many of the important Senators and Representative through campaign contributions. It seems the best way to attempt a change will be through public exposure to what is going on. There is considerable unrest within the population concerning the situation, however, it has not been channeled. That could be a big task. Something must be done to stop the likes of Flowers from milking the situation. At a recent investor forum, he quipped, “the government has all the downside and we have all the upside.” The government is us taxpayers!

Diana Beamer 05.06.09 at 9:51 PM

what do u think of the man that proprosed there are 40 million americans about to retire and the goverment should give each 1 million dollars and for this they must retire which would fix the job market, they must buy a new american car which would fix the car market, they must buy a new home or pay off the one they live in, that would fix the housing market and stop ss for them which would fix ss. The bank and the auto makers just throw this money away and for as little of 40 million it would bring back the econmy

John Swanson 05.06.09 at 9:52 PM

We purchased several homes about 20 years ago to produce some additional income when we were ready to retire. Today we can not rent them for enough to cover our mortgage payments. Our software jobs were outsourced to India when we turned 50 years old. Our children are in high school and the money we saved over the last 20 years is gone. Our homes are underwater. We can no longer pay our creditors. We pay for health insurance because my wife and I have serious health problems. My wife had a complete mental breakdown and needs me home to take care of her.

The idea of a bailout of any bank or auto manufacturer to preserve jobs in Mexico, India or China at tax payer expense is stupid. CEOs across the country have trashed the economy one company at a time. Why should taxpayers save these multinational companies? Let them fail under the new bankruptcy laws designed to punish debitors.

Jim 05.06.09 at 9:54 PM

I
Dear Mr. Weiss,
presently have a huge amount in CD’s but the rate is now down to 1.75, have been looking at Bristor-Myers Squibb as an investment due to the 6.3% dividend average over the last few years and a market Cap of 40 billion, whether to take am undecided whether to purchase the common or preferred shares but am leaning more to the preferred. I also noticed that the company CFO and head of development togather purchased $768,500.00 recently in shares but don’t know if that was when the value was at its lowest or not. If this is true then am guessing something is about to pop. Could you help me out on the info and a possible suggestion on stock purchase.
Thanks
Jim

Jake Loepp 05.06.09 at 9:54 PM

I thank you for your column I read all your articles with egar anticipation. You have been correct on a lot of your predictions. Yet it seems to me a note of caustion may be in order. Not all prdictions about the future are as bleak as yours and only time will tell who is correct. I remember Howard Ruff and the Ruff times newsletter about 20 years ago and his dire predictions, some of them came true but a lot were overblowen. Who is wise enough to predict what will happen in 1 year or more into the future. I have invested all my money in Gold {,against you adive to only invest 5 percent,}and therefore hope for the worst in economic news so that the price of Gold will rise and I will again have a few bucks, a selfish thought. Of couse it may happen that the worst times are still ahead of us but I can,t make up my mind as to what will happen. In the mean time I survive on a small pension and enjoy my life as much as possible. Someone has said there is not enough money in the world to correct all the wrongs that have been commetted and lord help me I have done enough of my own.
Your faithfull reader
Jake Loepp

Darren 05.06.09 at 9:54 PM

Based on price pattern the dow could be @ all time highs in 2009 or earily 2010 then a even larger crash to follow. Reason: rising wedge point 1 was the high in 2000, point 2 was the 2002 low, point 3 the 2007 high, point 4 the 2008 low. Point 5 of the 5 point refersal will be @ all time highs. The market will act in accordance with its nature regardless of the economy. Since the decline was parabolic the rally will be powerfull with few on board.

Ed Duda 05.06.09 at 9:55 PM

Martin, thanks for carrying the ball by taking the initiative to begin the petition campaign, and then delivering the petitions to congress. You have asked for our concerns. I am concerned about the erosion of rights and freedoms that could come with a shift to socialism. I know what government is capable of (in the name of the greater good), and don’t want to experience it first-hand. Nor do I want any freedom-loving Americans to have such experiences.

martin 05.06.09 at 9:55 PM

Hello Martin;

I want to thank you for being so brave by showing our representatives what “We the People” feel about what has happened to this great country. I as well as thousands of sincere Americans have had enough. We have had enough of the closed door dealings between the Wall Street investment firms and our government leaders. This is not how a democracy is supposed to work. We are tired of the misuse of billions of dollars of our money for the exclusive benefit of a few well connected banking interests. We are tired of having our money being used for things that bring no benefit to “We the People”. WE are tired of the lies. We are tired of the special interests. We are tired of the loss of our individual freedoms. We are tired of being duped by the slick purveyors of political dogma. We are tired of the Media’s slanted and carefully crafted misinformation. We are tired of the financial concoctions that bring nothing but distress to our Nation. There may be only one answer to this huge mess. Civil Disobedience. We have to start taking back our country from the pseudo intellectual business community. Mathematical formulas and convoluted financial instruments are not the answer to a sustainable economic business model. Common sense and fairness must return. Cheating, and lying must be removed from our economic system. The first pillar that must be destroyed is the Federal Reserve. Then the wall street oligarchy. Then the lobbyists. And finally the corrupt judicial system. All must be purged from our great land. Our forefathers created a more perfect union. We need only return to our roots. Nothing more. Keep up your efforts Martin. We need more people like you in our government. Too many have fallen prey to the siren of lust and greed. They have been corrupted. They must go. All of them.

Sincerely;

Martin

George C 05.06.09 at 9:57 PM

Martin,
I don’t know where to begin! I guess with a thank you for all you do… As an average American, I, like most feel helpless.
I’m angry beyond what I can express at the corruption in D.C. and the greed of corporate America. It seems every special interest is important expect the most important one, the welfare of our Country. ideals and principals under which it was founded.
Most frustrating, the fix is easy “Term Limits” no more then two four year terms. “Public financing” of elections or “free media/advertising” during campaigns, after all, it’s a public service. Truth in Ads. Problem is, chance of these changes happening, zero! It’s like asking a “PIG” to slit its own throat.

A disgusted hard working Legal citizen

Jim Undereiner 05.06.09 at 10:00 PM

Fleecing the public again. How can Washington, the news and corporate America continue to tell us to be positive, the market is showing signs of recovery and the economy will shortly be righted. The implications are that all will be well soon. The facts are that more Americans are losing jobs every month, manufacturers are closing doors or cutting back to less than 50% of production and banks continue to be in more trouble with every passing payment due. Is the Washington rhetoric really helping people!

Howell Martin 05.06.09 at 10:03 PM

The 20 Million given to the Palastines to move here with transportation, food, housing all to be paid by our tac $,s is an insult. This was done by executive order in Feb. Its on the federal register so you can check it out SUCH A SHAME

Skip Dakesian 05.06.09 at 10:05 PM

I think that the current governmental system of the USA is broken. The country is
manipulated by lobbyists and Wall Street. Our Congressional Members should be prohibited from performing as lobbyists for any special groups or foreign governments.
Also,current elected members of Congress are doing a poor job in representing the
interests of their respective voters in their own state. No one is looking-out for
the middle-income citizens in this country.

tom meaker 05.06.09 at 10:06 PM

Thanks for your efforts.If you try to find Senator Leahy, he’s out hunting Bush people or finding a new location for the LEAHY STIMULUS CENTER.He loves splashing his face all over Vermont, bailing out everyone,and stimulating anyone who will vote for him….And to Chris hicks, don’t buy buildings..I’m selling two for half what I paid. Tenants don’t pay rent in recessions,they just complain.

George McLane 05.06.09 at 10:08 PM

Dear Martin: My biggest concern is that the Federal Reserve will print up so much money that we will have hyperinflation in this country, similar to that of Weimar Germany in the 1920s. This would destroy the US middle class and we would become a Banana Republic like Zimbabwe. It would be far more preferable to let capitalism work as it should (punish the banks and companies who have behaved badly and let them go out of business) rather than having these bailouts that will saddle us and future generations with huge debts. I agree with the comments above for fixing our broken political system: term limits, fixed amount of taxpayer money for campaigns, campaigns restricted to 6 months duration. The recent presidential campaign that lasted 2 years was a disgrace.

Duane Kramer 05.06.09 at 10:08 PM

Dr.Weiss: The Chrysler deal has me baffled. The UAW ends up with a 55% ownership, Fiat has something less and the government has an interest. If President Obama is going to go after those corporations who transfer there business across the pond, why didn’t he or the UAW make a condition in their agreement as follows: When we give Chrysler any funds, it is with the understanding they will not be allowed to close any plant and transfer the production from that plant to one in Mexico or other locations. When the UAW agreed to their deal, why didn’t they demand the same condition. The engine plant in Kenosha, WI is scheduled to close and the production transferred to Mexico. How absolutley stupid can the negiotators be to allow the transfer of production of engines to Mexico after giving Chrysler all that money (by the government) and the concessons by the UAW then close a plant in Wisconsin. I don’t get it?

citizen 05.06.09 at 10:08 PM

One of my main concerns is the proposed switch of the bank bailout money from being recorded as prefered to common stock. I understand that will in essence nationalize those banks. I do not wish that to happen. I want the banks that are willing, to be able to return TARP money as soon as possible.

Theresa 05.06.09 at 10:09 PM

Thank you for caring and fighting on our behalf. So many changes in such a short period of time. I am ever so frightened by all the socialist based proposal and the fast tracking of Healthcare insurance. How I detest Big Government and this liberal/socialist group.

Pamela E. Jones 05.06.09 at 10:16 PM

Thank you soooo much for all you’re doing for us. One of my primary concerns is socialized health care. Since the Obama administration has only one possible plan, I think it would be smart to pick the minds of all our people. Surely there is a better idea out there somewhere. If we just tell them we don’t want what they have to offer, but come up with no plan of our own, we’ll have to take what they dish out.

It seems to me that we had an example of another choice in the doctor who has his patients pay a certain amount each month for unlimited visits.

One more idea might be to limit insurance to hospital stays or severe illness, while we each pay for our own prescriptions and ordinary doctor visits. Without the middle men both of these should be a lot less expensive.

These are just two options. With all the wonderful minds out there, I’m sure that ridding ourselves of the greedy, we can come up with some very good, workable solutions.

Thanks much.

Pam Jones

Ralph 05.06.09 at 10:21 PM

I’m m not sure the release of the bank stress tests will have any significant impact on the financials. The information that has been leaking out in concert with Bernanke’s comments of improvement in the ecomony at the end of the year pretty much allays the concerns associated with the conditional worst case scenario affecting the banks.

Obama and the Fed have masterfully managed public perception while papering the problems with billions of dollars. I’m concerned that the indicies will move sideways or slightly up for an extended period, whilch will milk our slaughtered inverse ETF positions even more. Fortunately my precious metal positions are offsetting losses in DOG, SEF, et al.

MR. DAVID A GOURLEY 05.06.09 at 10:21 PM

Dear Martin Weiss,

Let me first start by thanking you for all you are doing to help our voice be heard in Washington. The fight gets more intense and harder each day it seems for those of us that have not been blinded by the Obama Administration and Congress. They are taking us all down it seems, destroying the once American dream and could care less. I for one will NOT be blinded by his smooth talk, false promises, and lies. My children and grandchildren deserve to have the American dream this country was founded on. I will stand strong with you and continue to fight against socialism and facism which is pulling a once great nation to her knees. Again thank you and God Bless you.
MR> DAVID A GOURLEY

Bruce 05.06.09 at 10:21 PM

If the stess test solutions seem swallowable by the financial sector then stocks should go up. The public will think they(financials) have been fixed. In the long run we’re all doomed.

F. Mac Proctor 05.06.09 at 10:22 PM

My biggest concern is that the government is passing out money to those that have made bad decisions.
This should not be a criteria for a hand out!

DRU 05.06.09 at 10:24 PM

I bank at a credit union & can’t seem to find what to expect with it. Is it in danger too ? Also what will happen with the credit card & mortgage balances outstanding if B of A & others fail - will the full balances become due immediately ?

Marion Carter 05.06.09 at 10:26 PM

Martin: A big thank you for taking up the cause. How can we stop them from ruining this country. This is the first time in my life that I fear the government and their continued effort to control our lives. If we have petitioned to stop the bail-out, but now, how do we stop them from the social programs, such as, government control of our medical choices, college tution schemes and forced service in social programs, and on and on. How about an audit of every senator and congress person to see if they have paid their taxes.

Ouida L. Roy 05.06.09 at 10:26 PM

What I read today the Feds said the banks passed the stress tests with flying colors. Did they?

Kendrick Mills 05.06.09 at 10:27 PM

This whole debacle looks as if it is being exploited by the financial institutions with the assistance of this administration and its minions to grab up a greater share of any remaining asset of value while degrading the small life savings of the struggling masses. There are no true patriots in politics and the president is the top politician. there seems to be only two possible solutions. We need to vote “all” the ins out. Or we all stop working and leave the politicians with only being able to spend the fruits of their productivity. Forget “TEA PARTIES.”

devendra 05.06.09 at 10:28 PM

companies too big to fail was shown up to be false
countries too rich to go bankrupt! Is this sacred belief true?

Johnny F Sammons 05.06.09 at 10:29 PM

I guess I keep talking but there are not to many times a common voter can have a say other than at the pole. I am smart enough to know we the people of this U.S.A words are not often read or herd. I hope this is not the case here. I have sence enough to know that a goverment body can not spend at such high rate and large amounts with out thinking about how to build back. Think not so long ago we were paying a munch higher price for Gas and Fuel. Now it is less than half of what we were paying–Had NO choice except drive less and tighten our budgets!! Now the price is at a price that is of a munch better level. Think about raseing taxes!! Scares every one,but $.10 a gallon on gas and fuel would bring in quit a amount of money at the Federal level. We need the help to maintian our budget and everyone with a means of transportation the poor and the rich and all between all would pay this tax. If you have a bussness or it is used in makeing you income than a tax break can off set the raise of cost. I am not unaware that States are involved here also so there I have thoughts also. Each State are differant and I will wait for my state (Tennessee) to go own wih a couple of idea here Johnny F Sammons

Bartow Keaton 05.06.09 at 10:29 PM

Dear Martin I think you are on the right track, but the real problem is that the polititions wont listen and do what the people want. If we vote them out it may be too late, but the next crowd wont listen either. The big question is, HOW DO WE MAKE THEM LISTEN AN DO THE WORK OF THE PEOPLE WITHOUT RESORTING TO A REVOLUTION? Thanks for the good work. Bartow

harry damon 05.06.09 at 10:30 PM

Seems to me washington caused this mess and is owned by wall street and banks. However it is out money, the tax payers, who worked their lives to save and have a decent life. Printing money and bailout programs are just a slap in face to the majority of us who worked and saved and believe in keeping our dollar and country strong. How can we stop these liberal congressmen and president who never ran a business, toiled with their hands etc. from kissing our remaining future years goodbye. I think one thing we should do is put their( meaning all elected officials and government employees ) salarys and retirement programs on a fixed $ amounts now based on todays basket of goods it will buy. No increases in nonimal amounts allowed. I bet that will stop all inflationary programs and balance our budget real quick. another words make them live like we have to with no chance of voting for increase in salary ranges or retirement amonts or medical benefits period. I think this is answer. They will not be willing to do anything that is inflationary after that.

Joan Light 05.06.09 at 10:31 PM

Dear Mr. Weiss,
I do not understand why the gov. will not listen to the people. Now that the Hate Bill has been passed I am very concerned for our Christian rights and values. This country was founded on God and now He has been taken out of almost everything and people wonder what is wrong. How Blind is our gov. and people. I am also concerned that many of us seniors will have to choose between prescriptions and food. Nationalized Health is not the answer.

tom harner 05.06.09 at 10:32 PM

Hi Martin

What do the rich, the poor, the autoworkers, the municipal workers, school teachers, doctors, lawyers, financial advisors, health care workers have in common? a need for a health care system which is not attached to employment, which covers everyone, and which has its first allegiance to the patient and not to profit.

There will be no recovery until the health care crisis is solved, and it won’t be solved by the insurance industry any more that the banking crises will be solved by wall street. Europe, and Canada, will recover more quickly because health care isn’t bankrupting its citizenry.

Muninicipalities and School Districts are on the verge of bankruptcy due to the high cost and increasingly negligible coverage of its employees, by the health care industry.

While you are in Washington, doing the peoples’ work, stop by congress and ask them if they are prepared to give up their elected offices for supporting the health care industry, at the expense of the people who elected them. Is there really an advantage to having Medical Doctors arrested for advocating a single payer system? Ask them what the difference is between torturing terrorists and torturing their citizenry by excluding the ill and only insuring the healthy. Maybe you can’t take the doctors’ plan to the bank. But it is still the right thing to do.

Thanks for your hard work and your compassion

Tom Harner

Lorna Randolph 05.06.09 at 10:33 PM

Is our president and congress giving away our nation and trying to replace our constitution and laws to the world and our law of the land will be what the world decides? It seems scary in all aspects - losing our freedom, being more controlled. Is there a solution?

LR

George Needloe 05.06.09 at 10:33 PM

These politicians are throwing away my grandkids money. The CBO says that by 2050 we will be giving the government almost 65 percent of our earnings All because of this amateur we have for a president and a bunch of left wingers running our congress. These fools that elected these idiots deserve what they get.

Ray Cooper 05.06.09 at 10:33 PM

After we get through the current crises what are we going to do about our outdated and unfair income tax system? Our government officials seemed to laugh about the April 15th. Tea parties. Don’t they realize the American people are sick and tired of paying some of the highest taxes in the world?

Sherrie Burdick 05.06.09 at 10:33 PM

I am so concerned about the madness that is happening in DC. We need to get back to the wisdom of our Constitution. A nation of people who expect someone to take care of them is not the American way and a government such as that cannot survive. We need to return to the principles of our founding fathers.
Each day I think I cannot be shocked any more than I am, but then something else happens! Today it was the government plan to pay for a student’s college education.

Jim Manly 05.06.09 at 10:36 PM

Thanks for your continued efforts. Am wondering if hyper inflation might be just around the corner. What do you think will happen to our dollar? Will it continue as the reserve currency?

Betty 05.06.09 at 10:37 PM

My biggest concern is whether we will even have a country, once Obama gets through with us. With his antecedents in doubt, AND his religion, and I DO mean, religion, in doubt, this could very spell the end of the United States of America.

Charlene Faris 05.06.09 at 10:38 PM

Mr. Weiss,

If President Obama wanted to save this country he would LOWER TAXES for the people & for INDUSTRIES. If he really wants to make a name for himself he would support the FAIR TAX! That would really seal his name in history. If you are not familiar with the FAIR TAX I suggest you read “The Fair Tax Book” by congressman John Linder & Neal Boortz. It is an eye opener.

This country cannot survive the bailouts that President Obama has imposed. We will die
a slow and very painful death.

Thank you for letting me express my opinion.

Sincerely,

Charlene Faris

Greg Hoel 05.06.09 at 10:38 PM

I read your info on the few good stocks out there and especially dividend producers. What do you think of Realty Income (O), being heavily invested in commercial real estate. They have been producing monthly dividends since the 1960’s consecutively. Is this company the owner of the properties or just the upkeepers and managers. Looking at possibly dumping the stock, though it has held relatively well through all of this.

Alta Baird 05.06.09 at 10:39 PM

I am extremely concerned about all the bail outs that have taken place already, and I am concerned there are more bail outs to follow, I am concerned how all this bail out spending is put on the taxpayer to take care of without our consent. By all indications we have been placed into a slavery siltuation. Believe me I DON’T APPRECIATE what has happened and is happening. I am very angry about the politicians flippant attitude. Have they lost their minds???? We DO NOT NEED taxes to go one cent higher, they are so high right now they are breaking our back, we have too much taxation. Please, we cannot afford where they are now.
I am concerned and angry how the government believes they are immune to obeying the laws of our country, yet they expect us to obey them. Fine example the United states of America government is. I am also angry about how in our own government we have terroristc agencies and how we have become a slave state. The government needs to be reduced, it is too big, they do not represent the people they only represent themselves. We are in worse condition today than the people were when King George was abusing the people. Also, guns DO NOT murder people, people murder people. i am sick and tired of hearing about gun control. I am saddened that America is in such a MESS. Who do we thank for the mess we are in?????

Robert Hollstein 05.06.09 at 10:40 PM

Dear Martin We cant thank you enough for your hard work. Robert and Joy

terry 05.06.09 at 10:41 PM

Dr. Weiss,

Until we get rid of Obama, I do not think change will come. Obama is
doomed to destroy the US. . The democrats have all the power.

Strongly suspect Obama was born in Kenya. Proving that he is not a citizen of the US would change the damage already done and more to come at torpedo strength. Why has the effort in proving this died?

Thank you for your e-mails and your wisdom and foresight. Pray that Congress will seriously understand what you have to say and do something to save this country.

Linda Pimental 05.06.09 at 10:44 PM

I’m disgusted that our leaders in Washington are not listening to the American people regarding the bailouts they’re handing out like candy! It’s about time these people take responsibility for their poor management decisions.

Robert Hollstein 05.06.09 at 10:46 PM

Dear Martin We can,t thank enough for your hard work, we agree 100%. Robert and Joy

RICHARD DENMARK 05.06.09 at 10:46 PM

MARTIN:

I AM VERY CONCERNED ABOUT THE HONESTY AND INTEGRITY OF OUR ELECTED OFFICIALS. THEY DO NOT PROTEST OUR OPEN BORDERS, THEY DO NOT PROTEST
THE FORMING OF THE NORTH AMERICAN UNION, THEY DO NOT PROTEST THE UN-
BELIEVABLE DEBT THIS UN QUALIFIED PRESIDENT IS PUTTING ON OUR CHILDREN AND GRAND CHILDREN.

THE GOAL OF THIS ADMINISTRATION IS, TAKE THIS COUNTRY DOWN TO THIRD WORLD LEVEL, AND THEN TELL US OUR ONLY HOPE IS TO JOIN THE U,N, CONTROLED
ONE WORLD ORDER.

ALL OF THE STATES SHOULD SECEDE FROM THE UNION AND START ALL OVER WITH A NEW COUNTRY.

Ol' Reb 05.06.09 at 10:47 PM

You have asked for my comments. The following was posted as a reflection on comments to an article which concluded the bailouts are being used to destroy our economy—-

I want to support what JOHN and EVIL have suggested. The start of our economic problem is the foundation of our economy; it is the Federal Reserve System.

The FRS, created in 1913 cloaked in secrecy, gives Congress an open-ended credit card that does not have to be repaid. The Fed creates new money for Congress in the amount of federal securities (bills, bonds, or notes) in the amount of the new money. The FRS receives interest on the new money that has been given to Congress.

The amount of money created is equal to the amount of the principal of the debt. The agreement (which no one has ever seen) is to repay the principal PLUS the interest. The interest has never been created. The contract cannot be completed. Any contract that cannot be culminated is an act of fraud and is void at its inception. Indebtedness is perpetual. Google: INHERENT NATIONAL BANKRUPTCY

Lenin declared the fastest way to overthrow a government was to debauch the currency. DC has just authorized spending/guaranteed the payment of trillions of dollars. Those trillions are coming off of the printing press and will debase our monetary system. The printing press is used to steal the wealth from the people. Prepare for the worse.

An excellent book on the privately owned FR is CREATURE FROM JEKYLL ISLAND by Edward Griffin.

Those who want to research the historic background of Zionism and financiers that Al mentions might consult Benjamin Ginsberg’s book titled FATAL EMBRACE, JEWS AND THE STATE. The visible political elements are merely actors for the shadow forces of Wall Street financiers and (Rockefeller’s) Council on Foreign Relations and the Bilderbergs/Rothchilds in Basel.

Mr. R.W. Sansoni 05.06.09 at 10:49 PM

Many Thanks for you hard work in D.C. and you newsletters. Keeping all your subscribers up-to-date on the current legislative and financial news must be a daunting task.

Please keep us informed on the latest ‘Massaging of the Numbers’ by this Administration. They’re misleading. They seem to be ‘talking-up’ the economy to fool the public and stimulate the markets. We’re NOT being told the real truth!

KEEP UP YOU GREAT EFFORTS, - WE’RE DEPENDING ON YOU . . .

Mr. R.W. ‘Rick’ “S.”

Jim Vause 05.06.09 at 10:50 PM

Nothing is going to change in Washington or in our State Capital untill we get busy and clean house first. It’s time to get rid of the deadwood and the pork that calls themselves Senators and Representives. Dodd, Polosi, Reid just to name a few.

Shirley Gallaugher 05.06.09 at 10:50 PM

Martin,

Thank you for what you are doing. May God continue to bless you.

Shirley

Ep 05.06.09 at 10:50 PM

If their is a commercial real estate crash coming then why are the long term equity real estate trends pointing to a bounce back to higher levels?

Robert Snyder 05.06.09 at 10:51 PM

I am wholeheartedly in favor of all that you have proposed. Keep up the good work. Thank you for it all.

Dale & Patricia Anderson 05.06.09 at 10:51 PM

Dear Mr Weiss
Thank you so much for taking on the fight for and with us. We are truly thankfull and blessed to have an honorable man such as you able to take this on. My husband and I are so troubled by all that is taking place in washington against our Constitution and freedoms and We the People. Our prayers go with you daily and we are ready to continue to stand and fight for the America we were so blessed with because of our Founding Fathers and our Creator.
God Bless You Sir
Dale and Patricia Anderson
Alsea, Oregon

JAMES MCCABE 05.06.09 at 10:51 PM

WHAT HAPPEN TO TRUE AMERICANS??? THEY ARE NOT IN WASHINGTON D.C., FOR SURE.!!!!

Robert Miles 05.06.09 at 10:51 PM

I want lower taxes, smaller government, less government interference in my personal life. I want a fair tax that does not require me to file a tax return. I want a government that allows big businesses the right to fail or to succeed without government bailout or interference. I want a government that encourages charity ad help to the poor but still requires all wage earners to pay some tax. I want a government that keeps politics out of science. It has yet to be proven that global warming is due to the emission of greenhouse gases. In fact it appears that gobal warming has ceased and that we are entering a global cooling phase at this time.

Grace Hopper 05.06.09 at 10:52 PM

I would like to ask if anyone really knows where the money that has already been tarped out is going? I have searched, made calls and no one really knows the answer to this question,in my understanding,this is a transparent administration, and i can see right through it.

How do we help the joe America that believes in obama under stand what is really going on? It seems when there is a big decision being made in D.C. the talking head starts talking and they lose all of thier focus.(which i know that is the plan).

If you disagree with the policy you are being called now, an extremest By your friends, for goodness sake. I read my Bible and pray alot for my friends, i hope thier eyes will be opened before it is to late.

They have no idea that every ticking moment that we do nothing is a moment that we are behind in this. Because most are blinded it will be very hard to catch up or even maintain what we do have as far as freedom.

It is frustrating to watch as this country spirals economically, socially and morally to doom, the innocent kids behind us won’t even see coming.
Sorry to blather on.

Thanks for all you do, Sincerely

Frank Q. Ray 05.06.09 at 10:55 PM

Concentrate on replacing the present congress of professional, compromising, politicians with a congress of statesmen who have the interests of this nation at heart instead of personal and special interest agendas. Then impeach the presidential imposter who campaigned that “This is the greatest nation on earth, and we need to change it”. He indeed is changing it !!!! Already it is not recognizable. Obama and his cohorts have to be stopped !!!!!!!!!!!!!

Ep 05.06.09 at 10:56 PM

Why is Citigroup, Bank of America and AIG breaking into higher territory after consolidating for months if we are at the brink of disaster? Something just doesn’t register. Please explain beyond an answer of a bear market rally. Bear market rallies reach and break down at the 10 & 20 day moving averages, this rally is pushing beyond those levels.

Grace 05.06.09 at 10:57 PM

Martin: I’m concerned about the shenanigans going on behind the scenes between our government and banks. I feel people are being lied to - big time - about the state of our financial system. I wonder, too, about the behind-the-scenes machinations toward establishing a “global” currency to replace all currencies and how it will affect all investments and especially the price of gold.

Thanks for your tireless efforts in trying to restore logical reasoning in high places before it’s too late. Please keep us all informed about developments.

Fritz 05.06.09 at 10:58 PM

Dear Dr. Martin Weiss,
Thank you for going to DC to present our case to stop the Pork, and personal multi-billion bailouts to CEOs, CFOs and others in the Scams. Some individuals have received pay packages up to $125 million for bankrupting their businesses, ruining their customers, and the Nation’s economy. This is not “Free Enterprise”, it is “Vulture Capitalism”.
Free Enterprise of the people must be “prayerfully Guarded, Protected and Preserved” from Vultures and Parasites. The Taxpayers and Voters are Asked to “Sacrifice” while the Vultures “Feast on the rich spoils”.
Thomas Jefferson wrote in the 1776 Declaration Of Independence, “We hold these Truths to be Self Evident…….” Today, in the 2009 USA, Self Evident Truth is not Valued. Truth is not an issue with many. Is much of what are being fed more are like B.M. ponzi scams.?? Lies vs Truth. Where have we gone astray?
Martin, how can we be sure we are going in the True, right direction when the House and Senate are asked to hastily approve 800 page bills that no one had opportunity to read and study??. Just “Sign on the dotted line!!!” Is this how we solve problems??? Isn’t this how we got into this fiasco? Who writes all these bills? Our problems go far beyond Republicans vs Democrats vs Libertarians vs etc. Do We need to return to Truth, simplicity and clairity and return to God who is Truth? The need in this country and the world are great.
Martin, thanks for taking your precious time for this Forum and for taking the Petition to our leaders.
Sincerely,
and
We do need the Blessings of God.
Fritz

Leanne Pleshek 05.06.09 at 10:58 PM

Dear Mr. Weiss:

Thank you for all your efforts to address these issues with the government. I really feel THE PEOPLE don’t have a voice and our representatives are just cramming things through to appease their contributors and others they owe “favors’ to.

I’m very concerned about the values of this country and our constitution. It seems certain factors in society have changed the face of our nation and I’m not buying it. Many people don’t care about what’s going on with the government let alone the important things in their own life. The message now is you deserve something even though you don’t work for it or it’s okay to be a scumbag.

It’s time to restore our country to what it should be. I also want Washington to abide by the law and our constitution, which they seem to skew to their adgenda. Stop the madness and quite making a mockery of this country.

SteveC 05.06.09 at 10:59 PM

Friends;
Lets be honest about this situation. If the US fails to counter the real estate implosion, declining jobs, inflation etc the deflation bomb will make massive amounts of static real estate will worthless and the banks that hold the paper in just as worthless. Is there enough money to stop this impending debacle…?
I doudt it!
Then what?
A new beginning after the dust settles?
Your views
Steve

Barbara Nelson 05.06.09 at 11:00 PM

In the short term, I don’t see stocks in an immediate downturn because the stress tests are bogus. They have been diluted so as to not be meaningful or transparent to make things look better than they are. But in the longer term, when the commercial real estate market collapses, unemployment hits 10%, and the option ARMs come due in 2010, the inverse financial ETFs (e.g. SKF) should do well again. I also think resource-related stocks (mining, natural gas, gold, silver) and perhaps emerging markets and generic drug companies will go up. we’ll have hyper-inflation which should cause UDN (inverse dollar ETF) and foreign currencies to do well against the US dollar.

Dennis Deckard 05.06.09 at 11:02 PM

I have come to believe that we need term limits, in the very worst way. Our Congressman and Senators need to serve for two, maybe three terms and go home to live with their mistakes just like the rest of us, and not the privileged class they have become. Any of them that oppose this think to highly of themselves and really need to go home. The trouble is, they think home is Washington.

It is bad when Europe’s Socialist leaders tell Obama that we are spending too much. That should wake us up.

We are being insulted by the current administration, called “tea baggers” and “right wing extremists”. We are calling on government to be responsible with the tax money collected, collect less, intrude on our lives less, and give us respect as the patriots we truly are.

I say it’s time to rise up and make noise. Write, call and fax your Congressman and Senators and tell them we are Taxed Enough, America! My local Tea P-a-r-t-Why?(because I just gotta) is on Saturday, May 23. If there is one local to you…by all means, go!

Bob Saenz 05.06.09 at 11:03 PM

I am about to close on the sale of some commercial property I own. I found your website while researching how best to invest the money I will receive. In reading your newsletters, I discovered how badly I could have invested these retirement funds. You have saved my retirement and for that I am eternally greatful. I have learned so much from your daily newsletter. Please keep it up. You have made your father proud.

For ever in your debt,
Bob Saenz

Everett Kaminsky 05.06.09 at 11:06 PM

I, among countless others, appreciate all of your efforts. However, I don’t know how much longer I can survive in this God less, hedonistic society. Seems like only the morally corrupt are elected to become our representatives, & we retired, & the working people pay for their endless demands for more money. This spending on entitlements is really mindless.
I’m thinking precious metals, & natural rescources are the place to be, in this present environment. Everett

Renee Kenneth 05.06.09 at 11:08 PM

Dear Martin,
Thank you for your devotion to us all by delivering our petitions to Washington D.C.. I sit here, my thoughts flooding my brain like a frozen river. I would like the bailouts to stop and let the chips fall where they may is my initial thought. Then I think the opposite must also be true and lending a helping hand feels right. How are we to discern the truth from the lies before things get this out of hand. Our country is in a quagmire of financial indebtedness and it looks as though we’re going to be paying the price for many years to come.

I have recently had to retire from my job of nearly 20 years in the Health Care Industry as a Unit Assistant in Critical Care. I am not at all happy with the lack of budget allowances given to care for the sick, which is a major part of this crisis. I would like to know why more people aren’t like you who cares about their fellow man.
It would be great when we’re all able to make some money so our retirements won’t be wiped out. I’ve taken your advice and moved my money to safety, I’ve joined your Contrarian Portfolio, and I am reading your book to help guide me through this crisis. Bless you.

Renee

bc 05.06.09 at 11:10 PM

Hi Martin, I have recommened your book to many of my financially astute friends. Very informative. I am a precious metals dealer and I feel that there is a part of purchasing gold coins that you may not be aware of. You tell people not to buy American Eagles, Krugerands, Maple Leafs and such because of the premium that they have to pay over spot gold price. Please be aware that when we buy those same coins back from sellers that the premium gets tacked back onto the amount we pay to purchase the coins. So in essence while they do pay a premium up front when they purchase the gold, they get the premium back when they sell the gold coins in question.The spread with most reputable coin dealers is about 1 to 2 per cent between their buying and selling price. Also be aware that finding a ready buyer for the forms of gold that you recommend is a lot harder when you go to sell because there is a much smaller demand for the bars. In many cases that lack of demand means they get less for their bars when they sell them. The ratio of people coming in to buy is definitely many times greater for coins compared to bars. It might be wise to also consider that many of the people owning gold do so because they believe they may someday need to sell it to survive. They know that there is a much more ready market to dispose of their gold if it is in a coin form. While we would all hope to make a profit someday on our gold a greater number of people own it for that feeling of security.

Patty Bryant 05.06.09 at 11:10 PM

Of course they don’t want the banks to pass the stress test. Just one more reason for a government takeover. I’m 77 yrs old but “thank God” I wont have to live a lot of years in this mess. However, I’m thinking of my Grandchildren of which there are 10. My husband and I have been married for 60 yrs this coming January. He was an Attorney and Real Estate Broker during his career days. The Bildenbergs are meeting again in Greece very soon. Enough said. Can you say “Government Takeover” without firing a shot. I don’t give a cookie about wealth…..I want freedom. Only God can save us now BUT we are living in a Godless society. Abortion, Gay Rights, etc. etc. Corruption everywhere…..did anyone ever hear of the “Fall of the Roman Empire” and “Sodom and Gomorrah.” Get a Grip America! There is no one left in congress (either party) that cares a hoot about America per se. I hope they enjoy their “New World Order.” Our Founding Fathers must be turning over in their graves.

Martha Theodore 05.06.09 at 11:15 PM

I am a senior citizen who has seen her retirement savings rapidly decrease. I don’t have an excess of savings, and worried ,before this crisis, about whether or not I will have enough money to last until I pass on. But, now, it has decreased more rapidly than I had anticipated, and it is even more scary. Before I retired, I saved into my 401K all that I was allowed to put in it. I am a single mother who had 4 children to raise and educate. They all are college graduates and I am very proud of them. However, saving was difficult to do. I raiased them in a 4 bedroom home in a nice neighborhood, with good schools. After they all had left home a neighbor ladyfriend and I sold our large homes, and purchased a duplex condominium in a small town, and had hoped to spend the rest of our lives there. However, as I grew older,and the economy floundered, my savings shrunk, demanding that we sell that condo and downsize to a smaller condo, much less expensive, with lower utility bills, mortgage, etc. We now have 2 bedrooms, and a onecar garage, in an eight unit building, but in a nice neighborhood facing on a small lake, in a great location. We are not slumming it, so to speak, but our lifestyle has greatly changed. We had jointly owned a ParkModel in Sun City, Az. where we spent 5 months of each winter in the land of sunshine and fun. We have had to sell that unit as the unkeep on it made it too costly for us to maintain 2 houses any longer. We think we have sacrificed alot, and are wary of what the near future holds for us as we probably don’t have “years” to wait on the economy to recover and recoup our retirement money losses. I, also, am concerned about what is ahead with the Healthcare reform and Homeland security, and, of course, the deficit being enlarged for our grandchildren. All in all, I am fine now, but who knows what the future might bring.??

Kenny and Annette 05.06.09 at 11:17 PM

Martin, thanks for all your hard work. Together we will make a differance. Thanks again.

David Walz 05.06.09 at 11:17 PM

As a person born in the depression, I understand the merits of family, morals, honesty and an honest government (?). Both my parents worked, /my father as a draftsman /engineer and my mother as a nurse. We ate a lot of beans and home-grown vegetables. My parents didn’t spend money that they didn’t have and I don’t expect the government to spent money that they don’t have. Unfortunately, the people in congress are all rich or soon will be and they are not working for the people that hired them or who put them in office. I am also not sure that they understand life or have the intelligence to solve big problems such as the trillion dollars that they are handing out, a trillion looks like this: $1,000,000,000,000.00. That is a thousand billion dollars. In the primary, in answering a simple question on abortion, our president to be— answered that — by saying, “That is above my pay scale.” He was right! That is the only thing that I have ever believed he has been truthful about.

As an owner of a past small business, I understand that you do not spend more than you make if you want to stay out of trouble. You keep your unproductive personnel small in relationship to the producers. No one seems to understand that the government does not produce anything and by enlarging the government the workers that are producing products have to work harder, producing more products to sell that make up the GNP. One of our clients was a German company and they got a months vacation. Must of Europe is in trouble as a result of their working ethics. It seems that our government wants to follow their lead, when in reality, they are far behind the USA, in product production and in health care.

Obama is a Muslim and in my opinion, should not have been allowed to run for president as he is not a citizen qualified by birth to hold this high office. I would also assume he also realizes this as he will not produce his real birth certificate. He is running our country into the ground and has only been in office for 100 days. What will a Year bring?

Raymond 05.06.09 at 11:18 PM

It is distressing to realize that the administration
can and will threaten certain individuals who have cause and will resist
the White House. It must stop or GOD help us
RWS.

James Ernst 05.06.09 at 11:20 PM

It is hard to imagine that the President can use a blank check at any whim. I truly beleive he is buying his future with the unions and the illeagals and our country may not survive as we know it. Better learn Chineese in school young ones; it is to them we owe our future production of wealth

ruth 05.06.09 at 11:24 PM

I just want to say, what did every one that voted for obama expect, i mean come on, he wants to destroy this country. He’s doing it in fast forward. Theres nothing that will change that! This country is going down fast!

Larry D. Tamlin B.S. 05.06.09 at 11:24 PM

Obama and the liberal Democrats are purposely bankrupting the U.S. and something has got to be done. The Republicans just seem to be laying down and playing dead. There has got to be a way to STOP them. I have been praying daily that they be stopped in their tracks and it can happen but somebody has to get the American people united against the run abuck liberals. The American People can not be that Stupid to believe Oboma is accomplishing any good by this insane spending, and more importantly immoral, UnGodly adjenda!

Larry D. Tamlin B.S.

Audrey Pearson 05.06.09 at 11:24 PM

We have a government that is out of control with spending our tax dollars. The economy would do a turn about without these astranomical bail outs.
Acorn forced Fannie Mae and Freddie Mac to give out questionable mortgages. You want bail out with mortgages where people actually lied on their applications on how much they make a year. These people (a lot of them) knew they couldn’t afford what they were buying. I bought a house but didn’t buy more than I could afford. While I worked I paid principal payments with my mortgage payments to get the house paid off as fast as I could in case I lost my job, or my husband or the economy went bust. Well all three things happened. My husband died after surgery, the economy went bust and I lost my job, but my house is paid for. I worked hard for everything I have and others should work just as hard for what they want. I don’t believe in rewarding banks that do the wrong thing and people that buy more than they can afford. When I purchased my home I kept in mind that I would be able to make all payments myself if I had to. People need to be responsible for their actions. I worked making auto parts for the auto companies. When the economy is bad, the last things people are going to buy are houses and cars because those are considered larger purchases. If the government really wanted to rally the economy they should have given all the stimulus back to the tax payers. People would have continued to buy cautiously but they still would purchase to make revenue. When $300 or $600 stimulus check was given a while back people are scared at that small amount so they spend it but cautiously.
Besides the economy, my first priority is protecting our nation and closing out borders and no amnesty for illegal aliens. I believe they should sweep out Congress and all the Senators and offer equal rights to both partys for people that will serve the people.
Our Congress and Senators only know how to serve themselves. All they care about is getting re-elected and when we go to the polls there is No choice. We need a strong third party and equal funds for that party too. Sorry this is so long of a note but if I don’t stop now I never will. An American that wants her country first.

Oneta Mutchler 05.06.09 at 11:26 PM

Dear Mr. Martin D. Weiss: My concerns about our country are too numerous to mention them all. My deeper concern are: our personal freedom lost, free speech, government
not representing the people, gun control, New World Order, NAFTA, NAU, our government turning against the people, DHS targeting our military, government running our school system, pushing the gay agenda down our throats, removing God from our pledge of Allegiance, taking prayer out of our schools, every one of these bother me. I DO NOT WANT A NORTH AMERICAN UNION. Our founding fathers fought and shed too much blood for us to give our Great Country away. We would lose our sovereignity, our culture would be lost, lawlessness would run rampant and destroy our beautiful country. There would be so much lost to lose our country. Mexico has so much lawlessness running rampant.
This “global” thing, Global World everything, is so wrong. Taking money from the rich and distributing it to the poor is SO WRONG. America
cannot be expected to “run” the entire globe. Taking our money and giving to poor countries is wrong. When you “give” to poor people they do not have to do anything to get the money, they will frivolously squander it. Poor countries only understand primitive tools or ways and do not understand new methods of doing “necessary” things to survive. There are better ways to help them but most do not want to embreace new technology.
We have too many corrupt people in power today. Too many bailouts, too much spending, crooked, rigged voting, it is becoming against the law to disagree with our government. They are criminalizing American citizens, trying to monitor our every move.
Thank you for reading this,

Oneta Mutchler

SB Smith 05.06.09 at 11:31 PM

Wiccanwolf said it best….Thank You.
A Democracy IS the same as mob rule, plus there is No individual thought in a mob mentality.

And thank you, Dr. Weiss for all your efforts and email alerts !

A disgusted, angry Republican,
SBS

Mike Aymar 05.06.09 at 11:32 PM

Thank You, Thank You and Thank You for stepping up to the plate and taking on the polliticians, bankers and wall street cronies that are responsible for this mess. I think i speak for the majority of citizens when i say how frustrating this whole thing is. I feel like doing something, And become tottally overwelmed when i try to speak out to a senator or a congresman. It is impossible for a normal citizen to get through to them. Please keep up the good work and God bless you and your family. Any one with any common sense knows how to solve the problem. It is real simple. First we need to quit caring about world opinnion and make a new commitment to the U S. Second we have to let the to big to fail institutions fail. Third we need to over haul our legislator represenitives and get rid of the good old boy network. Lastly the government must get on a budget and reduce our debt load. It will be difficult but the alternative is un thinkable. Thank you again for standing up for all of us.

Jerrie Dahlen 05.06.09 at 11:34 PM

Thank you for advocating for us as concerned citizens. I am a small business owner who is struggling and it just is not fair that all these mulit-billion dollar businesses are getting buy-outs. I got behind on my payroll taxes and of course they put a lien on me and I assured them I would pay the bills but they told me there would be a lien until paid in full. It is hard to get ahead when they continue to add penalties and interest. I owed $7000.00 and I have paid a thousand. I would like to see the IRS help those of us who are struggling. I fully intend to pay every cent I owe but it would be nice if they would stop tacking on penalty and interest.
When are we the small business owner going to be helped - I have recieved no buy out or even an attempt to help me. It is so wrong. I am not asking for a bailout or money but a little relief from penalty and interest would help.
Thank you for listening.
Jerrie Dahlen

Rose Schulz 05.06.09 at 11:37 PM

I am concerned about the government getting control of banks, etc., education, national health, the record budget deficit and the continued bailouts of businesses. As far as the banks are concerned, BOA says it doesn’t need $34 billion. The government wants to get controlling stock by changing from preferred to common and thus have the controlling interest and vote in the bank. It is just one more power grab after the other as Obama and company attempt to get control of everything - I understand Wall Street is next. In spite of all the stimulus and bail-outs, I think we are headed for a crash. Obama knows nothing about business. We are going to end up a socialist country. As for Supreme Court, he will nominate a nationalist - not a constitutionalist. He wants some who has empathy for people and nothing about interpreting the Constitution. I am worried about all things Obama. Tomorrow is national prayer day and he is not going to honor it - says he prays every day in private - I wonder to what God he is praying?? He wants to loan money to everyone to go to college and suggests they pay it back by doing government service, i.e., progressive. I worry that the damage he is doing to the country will never be undone. Socialized medicine will never work. I think he will combine it with Social Security and the coverage will be limited, if we get coverage at all as we age.

Eva Millette Coombs 05.06.09 at 11:38 PM

I am concerned because we no longer manufacture in this country, with the exception of defense related projects. We want to restore the middle class, or there will not be a healthy economy in this country. The rich do NOT spend, the lesser fortunate HAVE to spend in order to survive, and this creates commerce, demand, and produces results.
We must spend more on infrastructure projects which get people back to work, and strengthen the commons, not on bank bailouts.

tom butler 05.06.09 at 11:38 PM

I am wondering who got what amt of $ and why. Please don’t tell me it’s for my good or for the economy. Why is the stock market going up? why is the japan market going in lock step w/ the dow? What’s going to happen when the over produced money hits the streets and causes run away inflation? Why is gold & silver market priced at one value but un buyable at anywhere near those prices in the market? Why did illegal mexican people get in the US at such large levels for so long and now when US unemployment is rampant are they allowed to receive any benefits at all. If they were gone ,the many million jobs they are competing w/ US citizens for would keep US Gov. from having to pay unemployment benefits to as many people and w/ full US citizen employment it would receive legal income tax, not payed off the books to illegals and sent back to mexico. sorry i’m tired & upset, but maybe you could convey that message as well.

Susan 05.06.09 at 11:42 PM

I have many concerns pertaining to the actions of the current administration. Why has something not been resolved in reference to Obama’s eligibility? Is Obama accountable to US tax payers? If so, who enforces this accountability? There doesn’t appear to be any accountability. It appears that Obama is rewriting the future history of the USA……there are so many questionable changes taking place, who can keep up? Obama is immoral, he bows to foreign kings, he is just short of threatening Israel if they do not roll over and play dead. Why is the liberal media allowed to print without accountability? This current administration is a very ugly snowball from hell that grows by immense measures daily.

tom butler 05.06.09 at 11:42 PM

tired of lack of transparent actions taken by The US Gov. for my good.

Rick Baron 05.06.09 at 11:43 PM

Would someone please tell our political leaders that the “toxic” aspect of sub-prime and Alt-A loans are the TERMS? Uncle Sam’s only role in this should have been and still should be that of Market Maker.

By doing two things they could mitigate and stabilize this whole mess: 1) Offer to pay a flat price of 60 cents on the dollar for any and all toxic mortgages by nationalizing a bank, giving it $250 billion and a 10 to 1 line of credit with the Fed ($2.5t), and 2) Systematically recast every loan it purchases to a 5.50% 30 year fixed rate.

Doing so would instantly reflate the assets of all institutions who have them on their books, limiting them to 40% writedowns/losses vs. the current 75-95%. Recasting the loans would at least give their victims a fighting chance. Put a floor under the assets and a floor under foreclosures. Use “mark to market” to our advantage for a change.

But that would be too simple. As long as our leaders keep doing what’s best for re-election instead of what’s best for our country, I’m following Martin’s advice.

Barb 05.06.09 at 11:44 PM

They are using our tax $ to pay back political supporters of Obama & to take control of private companies. It’s a win/win for those in Obama Nation, & a lose/lose for the free market, liberty, freedom & the opposition party.

Mark Stone 05.06.09 at 11:46 PM

Great job! But, not enough. We have to find ways to “carry the message/educate others” of what is happening right now in this country.

I believe that Fox News has an opportunity to sponsor “real debates” between both sides to get to the truth, …expose the myths/lies. I remember how the Presidential debates drew audiences, …and now, with so much lost in 401Ks, real estate, and elsewhere, I believe that people would tune in weekly to hear the experts face off to get to the truth, …and let them debate properly, no staged questions, …but, get to the facts.
Then, sponsor these events around the country locally by grassroots organizations. Challenge those supporting the action that is causing the damage to “show up, and have that open discussion that Obama talks about”.
Lastly, keep posting the cost to our children and grandkids until it resonates to thousands more people. Print up posters that grassroots folks who signed your petition can take and post on bulletin boards, and all around their communities and this country. Posters can be sheet size, and emailed, printed from printers all over the country, distributed and posted in thousands and thousands of places to be seen!!!
My thoughts for now. Get others involved in promoting the facts.
Martin, you need to be a “regular” guest on Hannity, Glenn Beck, others, …take your facts and work to those venues. This gets to “millions” and growing!
Contact Newt Gingrich, and you guys discuss options. We worked with Newt’s campaigns, and he’s an incredibly smart individual. I believe that he (and you and others) can create a “10-Point Platform for Economic Stability”, and put it out to get buy-in from weak Republican Party, …then, move it out an forward!!! However, I don’t believe that this time around, that Newt has to be behind the scenes, …that another strong person, or persons, have to launch it and carry it to the American people as the “solution” (Newt’s American Solutions) to get our country back in the right direction.
Fair Tax is a key component, which is properly promoted, would generate hugh amounts to the treasury (Neil Boortz).
Our prayers are with you and others -someone has to step forward in Washington and take these “fools” on directly, …just one can make a difference, and several can get the backing of grassroots, and then if it holds, watch out.
Good luck!
Mark Stone
125 Georgia Avenue
Barnesville, GA 30204

PASCAL BOURGEOIS 05.06.09 at 11:47 PM

I WANT THAT PRESIDENT TO BE IMPEACH
HE IS DESTROYING OUR COUNTRY
I FEEL VERY BAD OUR GRAND KIDS
WILL WE KEEP OUR SSS?
WE NEED TO STOP THIS SO CALL PRES.

Tim Arbough 05.06.09 at 11:49 PM

I have been watching in dismay as the Chrysler bankruptcy is very quickly unfolding. My biggest concern is the disregard being shown for the bankruptcy laws in this country and the failure to follow the laws established for the marshalling of assets to creditors and owners of the failed company. Specificially, I refer to the way all of the bondholders in Chrysler are being forced under duress to accept much less from the bankruptcy proceedings than would be the case under the laws of this nation.

The question this leaves me with is who would want to invest with the Government as a partner when this type of activity is not only sanctioned by, but the direct result of the Government intervening in the legal process?

This leads me to believe that future sales of bonds will suffer by any company the Government might possibly be involved with, the PPIP process comes under suspicion, as well as investing in the stock of any company the Government is involved with, especially GM, Citicorp, Wells Fargo, Bank of America and the rest of the list I am sure you are more aware of than I. The US Government is digging it’s own grave here.

Fred Clements 05.06.09 at 11:51 PM

Dear Martin, Sorry I don’t have more time to spend bloging you. Must leave early tom.Let me add my sincere & heartfelt thanks to you for all your hard work on all of our behalves. Your a God sent voice, trying to DO something to stop the idiocy going on in Washington. The lack of common sense & loyalty to our Great nation has been going on for SO long, How can it ever be cleansed & corrected with the likes of “Snowbama”, “Madam P”, “Harry the Horrible”, “Teddy the terrible” , “Frank the Far-head” etc. running the show? Most of the time, behind the scenes. Well, good luck my friend & Gods Speed. God Bless you, God Bless America & All who Love her. Fred

Melvin Kingsbury 05.06.09 at 11:51 PM

Martin, I’ve been listening to your advise column now for exactly one year. I certainly appreciate all of your research and input during this financial crisis. I have absolutely no holdings in stocks, bonds or mutuals. All my assets are in a few single family rentals which I have had for many years with very low balances owed, several second trust deeds in apartment bulildings which I cannot be repaid on for one to three more years, and cash in savings earning almost nothing while waiting for opportunities. My income level is less than I need to pay my bills at present and my IRA funds are not available for several more months. What do you suggest I do with what I have to generate some additional income for monthly expenses as I am not able to work?

Betty Darby 05.06.09 at 11:52 PM

Why is there such a rush to bankrupt this country???
Why is a dual loyalist allowed to hold a government job in this country?
Why is there no stopping of these financial business hollering “MORE, MORE, MORE?”
Why does our so called president keep handing out MORE, MORE, MORE? does he have no brains????
Is this so called president a puppet of his administration characters??????
Why is a person who is not honest about his past in the president’s office????
Now I hear obama wants billions for a group of people who claim racial discrimination.
When aren’t they hollering discrimination?????
A million questions should be asked about the planned destruction of this country!!!!

Henry Aschenbrenner 05.06.09 at 11:52 PM

I fear our constitutional rights have erroded to the point of no return.

Sharon Wiggin 05.06.09 at 11:52 PM

What concerns me most about the current economic crisis is what will abolish USA and its heritage by the method of more “Borrowing Our Way Out of Debt” causing
1. Insolvence
2. Bondage to our foreign creditors
3. Unstable interest rates
4. Inflation & worthless US dollars in a fools Paradise
What we need is a new National Economic Stability Act ,a self-supporting program,reducing the cost of government with an increase of earned income and thus a broader tax base. Look back at the prosperity created by the 1938 Agricultural Adjustment Act & later the Stegall Amendment generating prosperity during times of war & peace 1940-1950. One dollar of raw goods generates seven trade turns dollars. This God given new wealth reduces the need for debt and lessens the interest burden on the economy. The abandonment of this principal and failure, of this country, to even remember it has given us ever increasing debt. The American economy begins with raw materials. Without the continuous supply of raw materials priced in balance with our other economic sectors, productive sectors cannot produce, consuming sectors cannot consume and the exchage of goods & money cease. I can get my hands on a ton of research through the 1980 but the people who did that research have left the earth. I wish I could find an economist who would bring these research charts up to date. We must make our choice heard- “Prosperity through earned income not false prosperity by increased debt.

Linda T 05.06.09 at 11:55 PM

Hi Martin,

I appreciate you delivering the petitions for us all. I also write many letters on many different topics to them on my own. I have never been more politically active than I have been the last few months. I believe we are doing all we can do to try to get them to stop bailing out - and stop LYING to us.

But, just as before the last great depression, the banks allowed people to borrow more money than they could afford and caused a crisis so they could not pay. Some honest banks tried refusing the bailout money but were forced to take it, forced to abide by the subsequent regulations, and told to keep their mouths shut while the mainstream media continues to hype the “failing” banking industry. It is the banking industry that profits from instances like this and continues to create such events.

It is impossible for all of these things to truly be happening with all the money they are throwing at them. I think the money is being syphoned off to aid enemies of America, while at the same time setting the stage for hyperinflation. When they have enough money to overthrow us, there will be war, which the banks will once again finance both sides of and make a bundle. It’s the banks and especially the Federal Reserve that are killing us. It has all happened before (WWI, WWII, & Vietnam) and now it is happening again - history repeating itself.

We need to dismantle the creature from Jekyll island. Any ideas?

lori m zimmer 05.06.09 at 11:56 PM

Thank you for being our voice!! It is wonderful to know that there are other people out there that share my beliefs and concerns. I am really concerned about the fairness doctrine and our freedom of free speech disappearing along with other freedoms that are under attack. Thank you again!!!!!

Anita 05.06.09 at 11:56 PM

I’d like to know how these legislators sleep at night, knowing that they’re destroying this country, wasting taxpayers hard earned monies while families are losing their homes, jobs, and the future looks bleak.

I’d like to know how Obama could re-authorize the Fatherhood Initiatives knowing that there is massive abuse, no accountability what-so-ever, and as result of this enormous abuse of taxpayers money children are ripped away from protective mothers and forced into harms way…with abusers. There are many cases in which the courts are so greedy that they’ll knowingly place kids with fathers who sell their own kids into the porn, and sex industries. Obama has reviewed evidence and promised to force HHS to explain a laundry list of improprieties … instead he quickly reauthorized more money to pay for criminal child abuse, and family courts corruption!

william 05.07.09 at 12:01 AM

Martin, Thank you for taking action. Your father would be proud of your work.Glad you’re on our side.

Henry Aschenbrenner 05.07.09 at 12:03 AM

I fear our constitutional rights have erroded over the years, to a point of no return, for most God fearing Americans. Example, when my tax dollars are spent on gay rights, abortion, liberal indoctrination,in our public schools, etc. Then I feel responsable for these injustises to my religous beliefs. God have mercy on our soul,s

Frank Dipaola 05.07.09 at 12:06 AM

Dear Mr. Weiss:

Thanks for your great book and for taking some truth to those big spending liars in DC. According to Bloomberg, they have now stolen 13 TRILLION taxpayer dollars, isn’t that enough yet? I am sure it is adequate to destroy the currency and wreck the country for good!

Lawrence Gerhart 05.07.09 at 12:26 AM

Dear Martin
You are doing agreat job.This what washington needs.My idea is that the worst is comeing.I had my money all out a year ago, cause i am in my eightys and i remember the 1st thirtys. If i was president i would round up all the head union guys and charge them with treason. Get the women off of mens jobs, they should be home takeing care of the kids. Cut out the lobbyist. Punish COs and people in washington the same as we all are. Cut out all the free loader organizations, there is thousands of them. Lockbox social security, so congress can’t spend our money on pork and big business contributers. Last clean up our rutten tv shows, movies and all the internets.

JG 05.07.09 at 12:29 AM

Martin,

What you say about bailouts makes sense, but here is my fear. I did everything right over the years, by saving, not over-spending and avoiding the stock market. I did not buy a house I could not afford, and I now own my house outright. I have a 401K that I’ve invested the maximum in annually avoiding high risk investments. I have, in short, done it right and have a nest egg that could carry me through retirement, on the near horizon.

So if we just let the banks fail what will happen to those savings? If we let municipalities fail, what will happen to AAA rated muni bonds bought years ago? I know you say I should put everything in T bills and funds, and I’ve tried to do that as much as possible, but the reality is that it’s easier said than done. Two of my brokerages require high minimums to get into those funds. One brokerage does not offer the funds at all.

I’m afraid that letting banks fail will end up hurting the very people that saved and behaved responsibly.

Respectfully,
JG

Joyce Johnson 05.07.09 at 12:36 AM

Thanks for leading us and representing our point of view. It troubles me that this money crunch if so large and the goverment wants to bail everyone out.

The number of signatures you received in such a short time is amazing! Keep up the good work!

Thpmas & Salvenia Dobbins 05.07.09 at 12:39 AM

Martin,

What can we say. We’re so happy to have you to help us - thank you.

Like all Americans who are thinking straight, we’re concerned about our money being used to bail out banks, etc. The budget is also a huge concern.

If this person who was elected President ( we did not vote for him ) was as intelligent as we’re being told he is, then why can’t he realize that spending is not the answer.

EUGENIA (JEAN) SHULMAN 05.07.09 at 12:39 AM

THANKS FOR PRESENTING THE PETITIONS. HAVE YOU THOUGHT OF CONTACTING KEITH OBERMAN AND RACHEL MADOW ON MSNBC; THEY BOTH HAVE SHOWS ON MSNBC. I THINK THEY WOULD BE RECEPTIVE TO AIR YOUR STORY. JEAN

Esther Hebert 05.07.09 at 12:45 AM

My concern is that our country is going under. With printed money with no collateral and loans from foreign countries we are already in so deep that it is hard to envision how we’ll ever dig our way out.
The promise of “government” helping us and bailing out the big guys is just so much hogwash. What are they going to help with, there is actually no money to bail with. We have spent ourselves into oblivion. I am very worried that the country I love will soon be owned and run by the One World group and we’ll lose more than financially.
Thank you for your efforts to get our Congressmen and women to see the path they are sending us down. Let’s hope that they wake up before it is too late.
With gratitude for your good work,
Esther Hebert

mark kilby 05.07.09 at 12:45 AM

thank you. I pray for you daily. GOD BLESS

Mary 05.07.09 at 12:50 AM

I fear much with this unthinkable actions of this entire structure in the so called government/socialist/communistic to slavery is what I see is in the horizon……we are doomed if we do not stand up as individual citizens in some fashion to stop this insanity. Absolute insanity. I shudder to think of it all my brain cannot even go there…I know enough to know it is on the road to hell….we haven’t seen anything yet, this is just the beginning. And I own my home no mortgage….but I have been disabled for almost 20 years and am use to being, well living on the edge of doom but still making it and helping my family and friends even when I don’t have much myself…just the way life is.

What is the answer…..ACTION…..HOW is the next question…..without going to jail…..seriously…..this is indeed now an absolute country going to only 2 catagories….Extreme Wealth and Poverty is what I fear and government will invaid every aspect of our lives…..every aspect…..NO FREEDOM WHAT SO EVER.

You know why Brad and Angelina had their kids out of the country????….FOR DUAL CITIZENSHIP….THEY KNOW….THEY ARE PREPARING FOR THE FUTURE……HELLO IS ANYONE LISTENING AND OBSERVING.

I can say all of this but my life is so filled with others dsyfunction not to mention my limitations from my disabilty……I know everyone has their life to deal with….the drugs or alcohol are taking peoples lives and families; stealing lives in this country; shattering our very foundation of life; everything seems assbackwards now and it is getting worse.

People want to see and believe in an illusion and that is what Obama is and it is sickening. He still has not verified his birth cerificate…..what the hell; what the hell is our country doing each and every citizen is asleep at the wheel. Well, everyone will wake up in a nightmare and it’s now but they haven’t met “Freddie” yet face to face….but they will. I see it, I feel it. The lies, the deceit, talking out of both sides of their mouth….man, you know it’s all about money and power…it certainly is not about the people….we are the slaves to the the government and it will become more so as time goes on.

I see a revolution is probably the only way to break this monster that has formed….history always repeats itself….always.

Jeff leany 05.07.09 at 12:51 AM

I am sick and tired of Washington being out of touch with working america, the ones that are paying the bills! I have never had a hand out, worked my whole life, lived below my means to watch government take 70% of what I make and when I die they will want 55% of what I have left, is that right, a resounding NO! I have sent a copy of the 5000 year leap to all of my representives and given several copies away to close friends and would recommend that everyone read what our founding fathers had in mind with this great country and try to impress our elected officials to pay heed to the intent of the founders!
When America fails, all the rest of the world will fail and succomb to darkness of evil men! We must not let tyranny overcome our rights guaranteed in the constitution.
Handouts are for a selected few and we are becoming serfs to the government for the acceptance of the monies handed out. The working americans must unite and take back our goverment!
Jeff

cihat cicek 05.07.09 at 12:51 AM

Please let me congratulate you for your efforts.

My remark and question is:

Assuming the financial crisis eases and demand soars later on in 2009 or 2010, How will FED take the risk to be able to control inflation (by increasing interest rates) in an environment where only half of industry and consumers will be barely starting to recover?
Wouldn’t an early move initiate another contaction and late move result in higher than expected inflation rates?

Best Regards,

Steve Logan 05.07.09 at 12:55 AM

Daily here in Michigan, we hear how much more health care services strain to meet the needs of the people as unemployment and loss of health insurance continue to grow here. Do you believe our next industry in crisis, though millions of Americans still have health insurance and hospitals are subsidized for certain services, will be health care? How would you deal with this?

Carl Beam 05.07.09 at 12:59 AM

I;d like to salute you Mr Weiss and all that stand up for finacial responsibility and lift up a standard of morale and Godly traits as fellow Americans.As a former pilot and patriot Ive seen the social totarlism governments of foremer Federation of Russia.as well as socialist China. I see we are headed in the same direction!
Its sad when the hard working americans are taxed beyond all belief to pay for the social brain washed welfare citizens shall we say lazy and expecting a check from (Uncle Sam ) Who is Uncle Sam Republicans and Democrats that have lost their senses in the name of social refrom.
We the conservatives believe in living on a budget and being prudent and good stewarts over our affairs. We openly pray to our God and boldly say Jesus is our Lord and savior Amen!
These ball outs are un constitutional and destined to failure. Who really thinks you can borrow and print confederate money to solve poor management and policies of government and companies?
Is america destined to a great depression and going to Hell in hand basket? I say yes what if we all handled our affairs in such a manner. Madness complete and >>>>>>>>>>>nuts!
Tax the wealthy that gat there by hard work and using their brains and sweat ! Do we hear a great sucking sound as these men and women exit the ole USA ?
Pray for america were in deep deep trouble Carl Beam Texas

Sandi Carter 05.07.09 at 1:15 AM

The Republicans in DC need to get spines and start YELLING loud and clear about what this thug administration is doing!

What is going on is an unreal nightmare and it MUST BE STOPPED!

We need a Conservative party with fresh people. The politicians who are growing old in office in DC are so out of touch on both sides of the aisle that it’s disgusting.

The Tea Parties will go on. What will the Conservative politicians do to help?

Carol Taylor 05.07.09 at 1:16 AM

First of all I find it hard to believe that Mr. Obama is not setting aside a National Prayer Day, Very concerned about the auto Industry, because this is something he campaigned on. Neve knew that A,I,G. covered the Senates Retirement fund and we still don’t know if Gueitner or Obama inserted the amendment before Congress had a change to read all the pages. Concerned about National Defense Budget and we don’t need Reform for National Health Care, The Drs don’t want it either. Thanks for all you are doing!

Sandra Flagg 05.07.09 at 1:19 AM

Isn’t there any way to get him out? Where are we on finding out if he is a citizen or not?

H Marlene Stratton 05.07.09 at 1:23 AM

What are you doing to stop HR 1913, the “Hate Crimes” bill? I don’t want predators to be protected by the law that is supposed to be protecting their innocent victims…

Diana Caldwell 05.07.09 at 1:26 AM

Obama isn’t even a natural born citizen. I am sick and tired of all his crap. Let’s put our efforts behind proving that he is a fruad and procecuiting him. After that we can worry about what the moronic Democrats are pulling on us and stop them from destrying our constitution!

mike gurney 05.07.09 at 1:28 AM

Dear Martin, Thank you for all you and your staff have done and continue to do.Your book is well written and very informative, big thumbs up.What can i do to help my father-in-law who is retired from General motors? Thanks mike

Carol Simon 05.07.09 at 1:34 AM

My greatest concern is that the administration is lying to us. They are studying psychology and this tells them to invoke euphoria by misrepresenting data to make the economy look rosy hoping that people will spend money and self-generate an economic recovery. This seems disingenuous and is likely to boomerang. How are we supposed to react?
Thank you for HONESTLY looking out for us!

Rita Seay 05.07.09 at 1:47 AM

Dear Martin
First I would like to start out by thanking you personally for taking the time to be the voice for the people. I am so greatful for all the knowledge you have shared, and I have done my best to inform people of what you are saying. I did order your book from Amazon, but havent been able to read it as of yet.
There are many things that concern me at this time. First and foremost is the thought of losing my home, and watching my equity slip away.Secondly I own a small trucking business. Most of my work came from the oil fields, and now im watching all the oil fields closing their businesses . This was this towns bread and butter, and i cant tell you how many people it will be putting out of work. Theres scarcely enough work in this small town as it is. The oil fields where most peoples livelyhood here, which means alot more people will be losing their homes, and going on unemployment. It seems like there is no end in sight. This seemed like a small town, not really feeling the effects of all this, and now it really has reached us too. Very scary. last summer i was ready to buy a second truck as we were so busy, and now I havent worked my only truck in months. I cant even sell it.
You truly have been a guiding light in this storm, and I have watched everything youve predicted come to pass. Thank you again, for all youve done, but Im truly losing faith that anything can be done now to undo whats been done. The jails are now looking like the place to be!! A roof over your head, three square meals a day, and you dont need a job or money to live there. Is that what its come to?

Richard LeTourneau 05.07.09 at 1:50 AM

Martin,

Thank you for guiding me over the last many years. I’m a long time subscriber to Safe Money Report. I just finished an adult ed course in investing and I talked to the teacher (who’s a registered financial planner) after the class. She is a subscriber to SMR also and her comments were solidly in line with what you’ve been saying, to the surprise of some of the “uninformed” members of the class.

I have a question…Why do you keep appearing on CNBC? They are the very ones who are always saying “BUY, BUY, BUY”. I’d like to see you appear on Fox News. Maybe it would be like preaching to the choir since they seem to be more in touch with what’s really going on, but I think most of their viewers, myself included, would love to hear your message.

Peter Ivanchich 05.07.09 at 1:54 AM

We are now ruled by a government made up of criminals and traitors who are working overtime to take away our freedoms( Hate speech legislation) and destroy our economy. Why is it that Congress isn’t calling for an investigation of the causes of the current economic collapse? It is because such an investigation would reveal that congress is largely to blame? Proposed cap and trade legislation is a tax on everything; it will destroy our economy for the purpose of cleaning up a non existant problem.
Manmade global warming is a scam. The mainstream media also shares much of the blame for the destruction of our country.

Sue Grimes 05.07.09 at 1:55 AM

I am tired of these people in Congress who pander to illegals,the unions and anyone else they think will get them votes. Our President has notified terrorists that they have nothing to fear from us. They can do anything they want to us and we will not fight back. He has released secrets to the enemy.He has gutted the CIA,defense spending,and our security. He is going to legalize the illegals no matter what we say or do.The Employee Free Choice Act, what a joke. This will drive any manufacturing that remains,out of the country.The Fairness Doctrine-taking away free speech.Cap and Trade or Cap and Tax which will lead to skyrocketing energy prices while promoting the scam of global warming.I am sick to death of these elitists in Congress who could care less about the little guy, the taxpayer.They have no problem giving themselves raises while lecturing others on doing with less.They are all hypocrites and our President is dangerous.He is taking us down the wrong road and I expect that we will be attacked again soon. You cannot talk to terrorists. They want us dead.I am just plain disgusted with our federal governmnet and our Canadian governor in Michigan who is finishing our state off.No jobs.No money,no services. but yet our property taxes are going up ,energy prices will be going up twice this year.Things are a mess. Also, we lost a lot of our retirement funds with the financial meltdown. No way to replace it ,yet these boobs are causing us more tax hikes.

Jerry 05.07.09 at 1:59 AM

Thanks Martin. Because I listened to your advice, I was able to get my money OUT of my 401K the Friday right before the Market crashed the following Monday. Being that I’m sixty years old, I don’t have any penalties to pay. I don’t mind paying the taxes I would have had to pay eventually any way. I would have saved another $1,800 if I had acted a week earlier when you first recommended leaving the Market. Thanks again for your effort to bring some common sense and responsibility back into are government. The Lord bless you richly, Jerry

Roy Rhino 05.07.09 at 2:09 AM

They just don’t get it in Washington and all of our money is being wasted and our kids, kids will have to pay for this. The whole world will suffer for this. Let me ask any of you one question, “If your business was failing, would the government bail you out?”. You know the answer. Please stop wasting our money and let the strong survive as they should.

Roy Rhino 05.07.09 at 2:14 AM

One more thing, the sales of used homes is being manipulated, check it out to make sure but a friend of mine, who is a title rep, said that the sales reported each month include the Trustee Sales or banks foreclosing on people’s homes. These are NOT real sales with a real buyer or seller, so here is another smoke screen. The increased sales are actually the increase in foreclosures not you and me buying homes. We need honest government from someone! Give us the truth!

Alta Sperry 05.07.09 at 2:15 AM

I knew that when they all got a bailout the first time that they would be back for another one,these bailouts should not have took place.This is just another way for them to keep our economy from coming back.They need to put a stop to this.They also need to impeach Obama out of there or he is going to make our country into a Communist country people.He wants to control our lives and tax us to death in order to do it.Obama is the cause of our countries down fall.This is another way for him to put more taxes on us.Its time to stand together and tell them to do something about him or else and to enforce our Constitution.I am proud to be an American but I am wondering if they are that is in office or how could they go against our Constitution that our forefathers done for us to protect us and our veterans that made our country the way they did by fighting for us.I am a US citizen that doesn’t want illegals in our country or a president that is not a US citizen to run my country.I have had enough where taxes are concerned.I have had enough where they are going against our Constitution.I have had enough of these illegal aliens that I am having to support with my taxes.I have had enough of Obama putting down my country and the people thats in it.GOD SAVE THE USA

Anne 05.07.09 at 2:20 AM

Dear Mr. Weiss,

I, too, wish to thank you. We don’t have any wealthy to save, my husband, 65, was laid off a year ago from a job he had for 11 years. We have been married 42 years (Apr. ‘67) and in all the years I’d know him, he had never been unemployed. We have five grown children, and our youngest is autistic, still living at home. And according to the psychiatrist, who oversees his treatment, my husband and four other children are VERY close to the demarcation line on the continuam of behavior, where Austism Spectrum Disorder begins.

I had never heard of you before last fall, when I received an email about viewing a video with you and MiKe Larsen answered questions. At that time, I was very frightened and I was surprised at how calming that video was to me. Right now, I have no health insurance (the first time since I was a teenager in my parents home), my husband has no full-time work, and no one will hire him, and we had a very good credit score, too much debt (we found out when my husband’s full-time job melted away), little, to no, savings, a mortgage with a second mortgage. We are still in dire straits, but, somehow, I have found myself somewhat calmed by your courage to speak forth the truth, as you see and understand it, and you seem to have barrels full of wisdom.

We have no idea what the future holds for us, We have learned to live on the edge of the precipice. We may yet have to declare bankruptcy. We are financial babes-in-the-woods, despite our ages. Yet still, I have small pockets of hope because of you and your advisors. Thanks for much.

With gratitude,
Anne Sproat

jOYCE hOLT 05.07.09 at 2:23 AM

Dear Martin.

SOCK IT TO UM……….We don’t want the GOVERNMENT RUNNING
OUR LIVES…….OR OUR MONEY……….THANKS SO MUCH FOR
YOUR EFFORT.

joyce in Colorado

Gerald Barber 05.07.09 at 2:37 AM

I want people running the country that have no confllict of interest and live up to the same standards you and I live up to. The Paulsons & Gueitners should not be in position to funnell money back into their corrupt friends pockets.
I want a free market, not a government run socialist society.
I want us to stand by our friends like Israel and not the enemy.
I want the government to stop throwing my money away. Any congressman that voted for the largest give away in history without reading it should be fired.
I want the government to tell me the truth instead of all the lies.
I want the government to stop manipulating the markets. They are not any where near free.
I want the government to stop forcing business to take their money and then tell them what to do.
I am angry about what is going on in Washington. This is not working.

Tom in Midlothian 05.07.09 at 2:39 AM

Dr. Weiss;
Unlike “07 & ‘08 when I backed out of the market as much as possible in my 401-k,
this time I’m trying to make up some lost time/money in this dead cat bounce. I don’t believe for a second the bears’ run off into the woods; he’s crouching low in the grass
waiting for another opportunity. I bought into this on the way up; I hope I can jump off saving some of these gains on way down and out. 48% is in cash and 13 week T-bills, another 12% in hi yld gov’t bonds & invest grade corp in a fund I bought 2 months ago, and was written up 2 days ago in a Weiss-alert. The other 40% can help
me loose the shirt off my back - 3 or for of them I should add trailing stops. What
I really hope to see is a period of “Get it together out there, start liquidating to cash”
from various writers and sages so that I & others can cover outside of what I think
will be another panic. Best Regards & thanks for speaking up for those of us who
work & know there is no free lunch. Tom in Midlothian……. this rally is a trap

Dale Johnson 05.07.09 at 2:45 AM

Martin,

Thank you for taking your wise advice to “the Hill”. They certainly are not listening to the tax payers whom they are supposed to be representing … hopefully they will listen to you. I am a new fan of yours and what you are saying makes perfect sense to me. I am a retired business man and although I do not have a financial backgeround and it seems pretty clear to me we are headed for serious trouble with THEIR foot on the accelerator. God help us … and He is the only one who can at this point, but most of the people in Washington don’t seem to want to listen to Him.

Dale Johnson
Salem, Oregon

Susan 05.07.09 at 3:02 AM

Hi Martin,

Thank you so much for the wonderful analysis of the economic situation you have been doing for years, now.

I’m noticing that the option ARMs and alt-A loans about to begin cycling through are not talked about much. Since that is the next shoe to drop, I think that the world, and the politicians in Washington need to fully understand the implications of the next wave of defaults.

Take Care,

Susan

John Broekhuizen 05.07.09 at 3:08 AM

Dear Mr. Weis:
You stated that “Tony — along with Larry Edelson and Sean Brodrick — has moved to an exciting new e-letter, Uncommon Wisdom. And they’ve made the move with my complete blessing.”
It has occurred to me that you and the trio have parted ways for fundamental and substantial differences of opinion regarding the economy and the market. Is there any truth to that? Larry Edelson in particular has been very helpful by warning his readers in advance that we were about to experience a market rally that might take the DOW all the way to approximately 10,000 before pulling back to unpredicatably lower levels. It is probably the most significant and profitable FREE advice I have ever received. Were you aware of this forthcoming rally? If not, WHY not and if so, why did you continue to advise shorting the market?
John Broekhuizen

ira eisman 05.07.09 at 3:26 AM

There used to be a saying:”Kill one person, go to jail for life. Kill 20,000, go to San Trope’.” Should we now be saying: “Steal $10,000- go to jail. Steal $100 Billion and the taxpayers will pick up the tab? By now it’s obvious to all that there was a stupendous fraud, but even if it was a mistake, why should we pay? If my business made a toxic product and killed 10,000 people, mistake or not- I’d be broke, if not in jail. So this story of the too big to fail, the financial system would shut down, etc. etc is obviously a crock of s**t. Does the government want to lose the support of even us citizens. Are they trying to prove Al-Qaeda correct or just reinforce them. I say shut down the government-it seems they are the real thieves!

Gil Gilbertson 05.07.09 at 3:28 AM

I enjoyed a quick ride up in BX and BAC. Today I sold in the money calls
to cap and hedge my position and then went short B of A.
I feel the price is manipulated upwards to force the shorts to buy , then a
secondary will he issued against the sales to give B of A more capital.

Valice Reames 05.07.09 at 3:58 AM

What will happen to the stock market? There will be a mixed and enigmatic reaction because when the results are shown, they will be soft peddled by the advocates of the present trend. Food, commodities will go up. Thanks to the well intentioned, but misguided decision to dump grain alcohol into our gasoline, we not only get less power per gallon in our fuel, but we also pay more for food because so much food growing land is diverted from growing food to growing more expensive, less efficient gasoline. Our tax system is set up to favor the land grabbing syndicates over the more efficient farmers of the land. There will be not only more banks, but many more types of companies and businesses will be more “creative” in claiming their “fair share” of the seemingly endless government largess until the end of public patience with the lack of control over how this money is given away. With so much money being thrown around, it is easier for a percentage of to land in sticky fingers.

T. Ramirez 05.07.09 at 4:06 AM

How much have you lost up to 5/6/09 since you started your Contrarian Fund with your own one Million? Although you may be right for this could be the way to go, your timing may be out of sinc. T.

Vee Wong 05.07.09 at 4:18 AM

The market should have reflected most of the impacts from the bank stress test results, even if ten (and not 6) of the 19 banks need to recapitalise. While i believe the recent advance is a dead cat bounce (the rally may continue for a bit longer still), i am also looking to hot money speculating in selected stocks (in Asian markets particularly).
But, the housing market continues to trend down as debt impact and inventory level delever (its going to take a while), and the commercial property crisis looms in the horizon, so the bank crisis is far from over. And they will likely need more capital after this time still, as the stress tests renew in a short time. More bailouts? More greenbacks printed?

I agree with various Weiss wisemen: “Next little (may be not that little) while, invest in gold and short-term Treasuries”.

David 05.07.09 at 4:28 AM

The major UK banks have seen a substantial increase in their share prices over the past 2 months.

Is this a false dawn or are these banks as much in the mire as the US banks

Hope Ross Nay 05.07.09 at 4:45 AM

What concerns me the most is the Government takeover of private business. Our countrymen were stupid not to see though the election sham. I have live 62 years and never have I seen so much selfness in the country. What happen to working AND LIVING ON WHAT YOU MAKE. My Dad was a Sgt. in the Army for 20 yrs, he raised six childern and my Mother did not work outside the house. WE lived on what my dad made, I think the largest house we lived in might have been 1200 sq ft and the smallest was probably 150 sq ft. We never not one time felt anyone owed us ANY THING. WHERE DO PEOPLE COME OFF TODAY THINK WE OWE THEM SOMETHING!! I WORKED ALL MY LIFE UNTIL MY HEALTH FELD ME. I LIVE ON DISABLITY SS AND A WIDOW PENISON FROM THE VA, MY HUSBAND DIED OF A SERVICE CONNECTED ILLNESS, HE DIED AT AGE 57. WE HAVE GOT TO STOP THIS IRRATE SPENDING IN DC. WE SUPPORT THE WORLD AND THEN BORROW THE MONEY TO RUN THIS COUNTRY THERE IS SOMETHING SO WRONG WITH THAT PICTURE. THIS MIGHT NOT BE WHAT YOU WANTED ME TO TALK ABOUT BUT IT ALL COMES OUT OF THE SAME HAT. I AM HOPEING TO SEE A THREE POLITCAL PARTY THAT WILL BE A GRASSROUTE AND CONSTITUTIONAL BASE. I DON’T THINK WE WOULD SPILT THE OTHER PARTY’S BUT MAKE THEM REALIZE THAT WE ARE SERIOUS. NOT A PARTY LIKE THE LIBERTAREN BUT A “CONSTITUTIONAL PARTY. GOD BLESS UNITED STATE OF AMERICA, HOPE R. NAY

Ed 05.07.09 at 4:52 AM

Martin; what do you know about the AIG Executive bonus’s BEFORE the bailout to them, did you hear the MSNBC report that the actual amount PAID was $454 Million? {not the measly $120 Million we were told!}
And, WHY is it OK for Obama and Congress to pledge over $11 TRILLION (per Associated Press release) to bail out Banks, Financial Instutions, and Insurance Companies, but not the relative pocket change of a few Billion to GM, Chrysler, that actually MAKE something, not constantly bleed us dry with NEW FEES on our checking accounts and credity cards? Those have become the Banks BIGGEST REVENUE Profit Centers in the last ten years! HOW MANY BANKS ARE TOO MANY BANKS? I FEAR WE ARE ALREADY WAY PAST “THERE!” Why is Socialism being tried here, in the U.S.A. ,, NOW, when has FAILED in every Nation that has ever tried it? {what U.S.S.R.??} How long will it take for Obama and his minions to put us in NATIONAL BANKRUPTCY? HOW LONG BEFORE WE FIRE THEM ALL?
America used to make everything HERE, what happened?
WHEN DOES THE REVOLUTION START?

Zimi 05.07.09 at 4:55 AM

This is to Laura Nason. My heart goes out to you. I will be praying for you. Watch for answers. …Zimi

Frank Pearce 05.07.09 at 5:00 AM

What you say makes sense to me.However, I am really confused by recent stock market gains.I have been sitting with cash to invest in shares waiting for the bottom to arrive.I have seen shares in the banking sector rise by 300% to 500% from their lows of 5 weeks ago.The government have been cheating with their bail outs of the banks which makes it so difficult for investors to guess what the next trick is.I am simply going to sit patiently for this situation to clarify itself and keep learning from your e-mails in the meantime.Many thanks for your enormous help in these interesting times.
P.S. I am a 65 year old English man living in London, England.

Dr Josef Schiffer 05.07.09 at 5:03 AM

the following applies equally to the UK
in all banks that were “rescued” by the government,
all “bankers” who did not grow up in the banking system,
to be fired.
In their place to be appointed genuine bankers that are retired
(age 65+) for 5 years. This period should be sufficient to
stabalise and return banks to orthodox banking methods.

LAURA JAMIESON 05.07.09 at 5:03 AM

Your newsletters and honest analysis of the current financial sunami have kept me sane. All around me in the U.K. are people in denial of the depth of the recession/ depression, despite people loosing their jobs in ever increasing numbers,deflations appearance, first time in 50 years and stagnation in growth. Politicians see recovery end of year, estate agents say property prices are stabalizing Ha! Ha! and stockbrockers say nows the time to buy shares!
And the solution from our goverment in the UK is pump billions into the economy as a stimulous and the ever increasing DEBT will be a burden to tax payers for years to come. Debt got us into this and pumping billions down a black hole will not get us out.

Robert Weaver 05.07.09 at 5:14 AM

Martin, In yesterdays Dayton Daily News, a former State of Ohio Represenative, was offered various jobs, utilizing her so called influence in Government? paying her250 Grand a year. also incresing her retirement benefits? for performing no work, but having a great Title, for doing nothing? Now we both know who is paying for this. Government waste, must be stopped, or no amount of Taxation, will ever be enough. Politicians should be made to pay this back, and kicked out of retirement funds & any further office

Sharon Eddy 05.07.09 at 5:17 AM

Bank of America is my bank and I am fed up with their tactics. I had two credit cards that I was paying at low interest rates. Suddenly they are bought up by Barkley Group, a subsidary of this bank. I no longer get the benefits from L.L. Bean and the
interest rates jumped on both cards. Despite having good credit, I am no longer offered new promotions for balance transfers at a lower rate. My second concern is that I am legally disabled and find I can no longer qualify for a refinancing to a lower interest rate as my income is not large enough. I have a Farmer’s Loan being managed by RHS and told I must continue to pay 8.75%! Yes, I pay only 1% per annum towards it, but the rest falls into arrearages. With the taxes and everything climbing, I am in a dangerous position of losing my home if I cannot find a solution soon. RHS said that if I could get a loan to pay off the principle which is $80,000, the remainder would be put in escrow and no interest would acrue but would be payable at the time of sale of my home - a catch 22 since I cannot even qualify for the $80,000. These banks shouldn’t be the ones being given our money….legitimate loans via the government such as the school loans should be set up with our taxpayers’ money that is being lavished on the institutions that reaped exorbitant profits for years. We the People,
have every right to demand accountability from a runaway government. The only solution I see happening is letting the institutions right themselves. Yes, it will be hard,
but the sooner we go through it, the sooner we can get back on our feet.

Martin, thank you for doing what many Americans wish they could.

Sincerely,

Sharon Eddy
Falmouth, MA

Antoine 05.07.09 at 5:25 AM

you make a lots of sense…but 3 questions for all of us.,
-where all this money went???.
-how long the corrections will endure and what changes we are expecting ???.
-what kind of a world we are heading to ???.

thanks.

toomuchgovernment, Charlotte 05.07.09 at 5:36 AM

I am glad you got the signatures against the spending. However, my question is–what good is it going to do? Seems like an excersize in futility as without something more, and I have no clue as to what the next step would/could be, congress is going to say, ’so what’ and continue doing what they are doing. Now what? What CAN BE done to stop these people as obviously signing yet another petition to ’stop the spending’ or ’stop with the socialized medicine’ is just not working.
I know that I talk to many many people and we are all wondering the same thing–what can we do to STOP them NOW? Your opinion and ideas would be greatly appreciated as I want to get involved NOW. I realize only by voting correctly can we get those idiots removed, however, we don’t have the time to wait until November, 2010. We need them stopped TODAY!

Jane P. Cisneros 05.07.09 at 5:40 AM

Dear Dr. Weiss:
My concerns are all of them. Loss of all of our freedoms from parenting by choice to speech, gun control, ability to make decisions regarding our own health care, jobs disappearing, our national boarders, no one truely hearing the disappearing voice of the average American citizen, nationalizing of capitalistic intrests i.e., banks etc., growing violance in our cities and towns, hyper inflation and generally out of control prices and generally feeling like as an American citizen, we no longer are treated fairly by a government that is way too huge and that lies to us constantly, being deceived at every direction we turn. Hopeless.

Lawrence A Brown 05.07.09 at 5:42 AM

Dear Dr Weiss (Martin)

The preceeding comments bear witness to the courage and depth of knowledge you have expressed of the financial mess that the world now finds itself in. I hope you are afforded the acolades and acknowledgment you deserve by the media and government for exposing the inefficienties of the banks and large public companies and the error of the ways of Congress in attempting to reverse the situation by throwing good taxpayers money after bad.

You and your organisation deserve a medal for courage and your tireless pursuit in puting together the 58,000 signed petitions protesting about the senceless bailouts.

May God bless you, the world needs more like you.

Regards

Lawrence Brown

Adelaide, Australia

Daniel Finn 05.07.09 at 5:44 AM

Dear Martin,
The biggest problem I have is in relation to the Banks not giving working capital to small businesses. One hares about The Chryslers and The GMs shading thousands of jobs. But thousand of small businesses the back bone of every country are going to the wall loosing tens of thousands of jobs and there is not as much as a dickey bird printed about them. The Government would be better off if the supplemented these small companies instead of giving failure payments to these badly managed companies.

Kind Regards
Dan

Ray Ballantine 05.07.09 at 5:53 AM

Hi All,

This whole worldwide mess is caused by Greed. Everyone is still looking to make a quick buck at the expense of others misery. We need to get back to basics and of course those who fuel the obession that “money is king” are just as guilty.

Steve Penny (UK) 05.07.09 at 5:55 AM

Martin,
I don’t know much about how you are running your campaign, and this may be irrelevant, but:
Last night (6th May) there was an interview on Bloomberg Asia with Kirby Daley, and he underscored your message very lucidly. It may be that you already know of others in the business community who think as you do and liase with them in your campaigns, but if not it could be more effective in influencing Washington than going it alone.

Jim Crawford 05.07.09 at 6:19 AM

As I am a forward thinker very much, I have a tendency to take events and move their effects in the future and ask, ” What will happen now?”
My real and overriding concern is for the effects of this massive spending being runaway inflation. When gas is $10 a gallon like in Britian, when a $30K Honda costs $45K, when $100 in groceries now costs $200, etc. , how are we going to afford these and other things when our incomes remain the same- particularly retired seniors? Oh, I forgot, the government is going to take care of us with nationalized health care (which has moved from the best in the world to that much like Britian and Canada), a pig in every poke ( oh, I forgot again- that’s just for those that refuse to work- sharing the wealth like La Governor Hughey Long), or we need to bring more Islamic terrorists (Hamas) to our shores to undermine our security.
As you can see, I am very angry about this Obamanation and 9 out of 10 people I talk to about this are angry also. Obama doesn’t care what happens here to the working people of this country, only those looking for a free ride. There is so much more; however, time prevents such a diatribe.
Each of our congressmen and senators need to heed this warning- If you don’t believe you work for us- wait until the next election and you will find yourself sitting on the sidelines. We are an angry nation now, we were perturbed with Bush, but we are angry now. The pure arrogance of Obama, Pelosi, Reid and Franks is disgusting and I will use my mouth and vote to make sure that I do my part to “throw the bums out”

Frederick Ledbetter 05.07.09 at 6:22 AM

Dear Professor Weiss; When the Commercial Real Estate Market collapses how far will that drive the Dow down? I think that when there is another Republican or Libertarian that wins the White House then you should demand that the new President Elect make you the next Chairman of the Federal Reserve, or the Secretary of the Treasury. You and the rest of your associates seem to be the only ones who know what the HELL is really going on with the gangsters in the House and Senate screwing up the country’s financial systems. Frankly if I had the power I would have taken a page from Der Fuhrer and hanged them all with piano wire until their heads seperated from their bodies and all you would see is a head hanging from the lamp posts.
The same thing that happened in Germany is happening here in the U.S. The theives in the Democrat Party and the slick talking crooks in Wall Street and the large International Banks are having the Treasury print money like there is no tomorrow. The Germans did the same thing and hyperinflation resulted. People were walking around with dollar amounts in Reich Marks that had face values of 200 or 500 or 100 million, billion, or trillion Reich Marks and the face value was worthless because they wouldn’t stop printing. The Reich Marks were not backed by real money; Gold.
It wound up that people had whole rooms in their houses filled with paper money to the rafters and walking around with wheel barrow full of worthless money. They would let the women off early before noon so they could buy enough for their families to eat before the prices went up again later in the day. A hens egg was worth 8 billion Reich Marks. One hens egg. That is just a little factoid that has stuck in my head from history class ever since. The money became worthless and the people were desperate.
I feel the same people who did that to Germany are doing the same thing as you read this to the U.S. today. It was called the Weimar Republic and it was a disaster and the Germans were willing to do anything to save their country from total anarchy and so senile old President Paulus Von Hindenburg was persuaded by the politicians and the aristocracy to appoint Hitler as Reichs Chancelor. All the money that the Democrat Party and President Rosenfelt siphoned off from the U.S. Treasury to bribe the politicians and the powers that be in Germany to appoint Hitler to power worked. It was several hundred million dollars. You see Hitler was nothing more than a puppet of the rich industrialists in the U.S. and Great Britian and it doesn’t hurt if the Democrat Party has a scape goat to point the finger at. Look at what the evil Germans are doing; meanwhile the Democrat Party with the other hand is communising America. Workers of the World Progress Administration, Civilian Communist Conservation Corps, Tennesse Valley fellow travelers Authority. All these programs that Rosenfelt wanted to enslave the American people with were declared unconstitutional until finally Rosenfelt had had enough and he had J.Edgar Hoover’s FBI assassinate the entire U.S. Supreme Court. Then Rosenfelt put his own puppets on the Supreme Court. That is why they called it packing the courts. Nothing has changed. The Democrats are still the Party of Treason, The Party of Slavery, the Party that put Stalin and Lenin into power in Russia, the Party that put Hitler into power in Germany, the Federal Bueracracy Party that murdered Rosenfelt to keep him from disbanding the Federal Bueracracy and to gain absolute power, the same party that murdered Kennedy for even more power and continually strives for more absolute power from everlasting to everlasting.
Nothing is going to get better until we have a final nuclear civil war in this country. Until all the Democrats are dead and in their graves they will keep striving to gain absolute power in the U.S. Nothing will change or get better until the U.S. is a strictly capitalistic nation as in the days of J.P.Morgan and John D. Rockerfellar and Eli Whitney and the Vanderbilts and the John Jacob Asters and the Robber barons that put everybody to work by the way.

Will Doele 05.07.09 at 6:30 AM

so far, I’m flabbergasted that no US lawyers have started a class action againts those bank guys who filled their pockets with fat bonusses, they “earned” by selling the toxic “mortgage backed” loans. They knew for a fact that at least 35% of these mortgages would never be paid back, because the people just didn’t have the means to repay the loans. The bank guys are sitting in their penthouses now, watching how the whole banking system is going down the tubes and will go further down the tubes with the bailout “rescue” plans. It would be a lot better to let the weaker, under-financed banks go bankrupt so as to save the sound banks, instead of keeping everybody alife. You’re doing a good job, Martin, but you must give your listener a better hearing device! They are deaf, unfortunately. Will Doele, The Netherlands

Ruth Cox 05.07.09 at 6:31 AM

I heard that the gun industry is booming (pun, pun) and also I keep hearing that gold is the best investment. I have a small amount of savings in an annuity and IRA. Would it be wise to take it out and re-invest?

Robert H. Sutton 05.07.09 at 6:32 AM

It’s amazing how the governments financial committee has taken a STRONG DOLLAR and made it into a PLUG NICKLE!! The upside is….. It takes us back in time to the early 1930’s; it gives our children and grandkids the opportunity to learn the barter system!!

Archie Blanco 05.07.09 at 6:42 AM

I think we need to do more Tea Parties, two or three a year to keep the heat up. They are not going to stop the spending until they feel the heat.

TOM HILDENBRAND 05.07.09 at 6:56 AM

MARTIN, YOU ARE A TRUE PATRIOTIC AMERICAN AND I CAN’T THANK YOU ENOUGH FOR BEING IN A POSITION TO AND STANDING UP FOR OUR GREAT COUNTRIES BASIC VALUES. I AM A VIETNAM MARINE CORPS VET AND AM SICKENED BY WHAT IS GOING ON IN WASHINGTON ! 90 % OF OUR SO-CALLED LEADERS HAVE NEVER WORN A MILITARY UNIFORM AND THEY HAVE SLAPPED EVERY VET IN THE FACE BY DOING ALL THE ASSANINE THINGS THEIR DOING TO RUIN THIS COUNTRY THAT SO MANY HAVE BLED AND DIED FOR ! KEEP UP THE GOOD WORK AND DON’T LET ANY OF THEM STOP YOU ! YOU’VE GOT MY SUPPORT ! SEMPER FI , TOM

roy 05.07.09 at 6:59 AM

The market keeps going up in spite of still bad news that keeps coming out. I feel like a fool because I didn’t get in on this rally, thinking the market was going to go back down. Still sitting on the sidelines while the market keeps going up in spite of the news about the banks. My question is do I get in the market here on the long side or do I keep sitting and waiting for it to turn around and go back down?

Elizabeth 05.07.09 at 7:02 AM

Martin, Thank you for all you are doing. I have the utmost respect for the handful of folks in America, like yourself, who have recently taken leadership roles in order to fight for the principles on which this country was founded, those which have made us the wealthiest country in the world - freedom, capitalism, morality,… You asked about my concerns. I am concerned over so many things right now. I am concerned about all you have listed in your “Join the Resistance” petition. And I am concerned about our country’s potentially ratifying all these UN treaties. As a mother, I am very concerned about the threat to our parental rights to direct the upbringing and the education of our kids without the government deciding what is best in our parenting decisions. If you are not familiar with this threat posed by the UN Convention on the Rights of the Child, please go to http://www.parentalrights.org and read about it. There, you may sign a petition for passage of a Parental Rights Amendment, which would protect parental rights. I would love to see you encourage all Grassfire members to go to http://www.parentalrights.org and sign that petition. (At the website, they have other things listed that folks could do to help get this Amendment passed, in addition to signing the petition, for those who want to do more.)
Thanks again for all you are doing !
Elizabeth

Steven Velcicky 05.07.09 at 7:07 AM

Martin,
Thanks for you emails. It sure helped me widen horizon for me in macroeconomisc.
Your recomendation about inverse ETF proved to be a disaster and I am happy I quit trading them 7 months ago after reading interesting article about holdings of these ETF.

It seems to me that toxic assets from banks were loaded into these ETF holdings and public was lured in by media and agents of Wall St. all over…..
Just look at SRS or SKF. The more they fall the harder to get up because of their derivates. SRS topped $300 last fall, SKF topped $400. Where are they now? SRS $22,
SKF in 40s…..
Wall Str. is a one nest of fraudsters. Wonder when the truth about ETF will pop.

Tim Draw 05.07.09 at 7:10 AM

Martin:

I’ve been a subscriber to your publications for a long time - even when you Dad was alive. You’ve predicted what would happen with the dot.com and, way before anybody gave a second thought about it, the housing bubble. You’ve been predicting this when housing “was hot.”

In recent writings, you’ve indicated the next-shoe-to-drop will be with insurance companies. However, there are various types of insurance companies (property, casualty, life, etc). Could you elaborate in this area (which ones would be effected) and when approximately this would take place. You’ve been accurate in the past and I can’t see why it would change. Keep up the great work - your Dad did it in the past and it probably can be done again - thanking you in advance. TimD

Robert Blews 05.07.09 at 7:10 AM

Martin
We are at the end of an 80 year cycle, going from summer into fall, and then onto winter. You are about positioning us to survive and prosper. It involves painful decisions and a time horizon of many years.
Thank you, Bob

Jean Chappel 05.07.09 at 7:12 AM

Dear Martin,
I want to humbly thank you for your efforts on behalf of we the people of this great country of America. I feel we have certainly gone the wrong way. There are so many things that have gone out of whack that it is difficult to focus on any one area. I do think that fasting and praying on this day of prayer is a good place to begin. If my people who are called by my name will humble themselves and pray, I will heal their land. Our land needs a lot of healing. You have taken a big step toward helping us. The next step is to get all the crooks out of office. They are robbing us blind. We need to back the effort to strip the Federal Exchange which is a privately owned business that has far too much control over us. We need to back Israel. God backs Israel and we need to stand with God. We need to be fighting for the unborn children and against sexual imorality. These are things that make us a weak nation.

Susan Morgan 05.07.09 at 7:21 AM

The money should be going to job creation period. In the form of grant & tax breaks etc. to stimulate growth in the manufacturing and production sector. We should be enticing companies back to underpin future stability. Money should be also directed to protect & salvage existing companies in this sector, not easily replaced service industries.

It is common sense if you don’t have any consumers because they don’t have jobs, then you cannot sustain anything?????

Mark Loughran 05.07.09 at 7:26 AM

Dear Martin:
I am glad that you are representing my voice in Washington D.C. at such a critical time as this. I believe it is almost criminal (and in some cases criminal) the financial misdeeds of America’s corporations. I don’t think that throwing more of our tax dollars at the problem is going to solve it! I believe the best way to solve this problem is to let democratic free market capitalism forces work the way they were intended to work!

James A. Ward (Al) 05.07.09 at 7:27 AM

I followed your advice when you started telling me what was going to happen to the housing bubble. I bought 10 year treasury notes. While the Dow Jones Averages was dropping 40% my treasury notes went up 15%. The question I have is should I now sell my notes and get into 91 day treasury bills. Would someone from your group contact me with the answer. I sent your name and phone number to Bill O’Reilly and told him how you had been right on the money but I never did see you on his TV program. My best to you. Al Ward, Oklahoma City, Oklahoma.

Geoffrey 05.07.09 at 7:28 AM

Will
Too difficult, and very unlikely to succeed. Bonuses being paid from tax money is ridiculous, but is hardly the root cause of the problem. The CRA act is in my opinion the single greatest cause,

http://www.nytimes.com/1999/09/30/business/fannie-mae-eases-credit-to-aid-mortgage-lending.html?sec=&spon=&pagewanted=all

and Obama ends up right in the middle of this mess that was set up in 1999. Want to try suing him ???

http://iusbvision.wordpress.com/2008/09/30/obama-sued-citibank-under-cra-to-force-it-to-make-bad-loans/

Dr. Brown and Mrs. J.L. Stegall 05.07.09 at 8:02 AM

We are retired and senior citizens. We want to thank you for the information that saved what we had left ofour retirement fund. Our concern now…. we will barely have enough to see us through. We have no idea how long we will live.

How can we safely invest a small amount of $$’s? We can not afford to lose anymore of our savings. It is in Treasurey only money market, but making .3% which is better than losing everything.

thank you for your help and advice.

Our question is: How can we safely make money, other than returning to work. Our age is a problem.

Thank you for your advice and keeping us up to date.

Joe Row 05.07.09 at 8:06 AM

Thank you for what you do. I am 31 yrs old and have been through a couple downturns in my life. What I hate is that the Liberals are stepping in and dumping billions of dollars into the economy to try and keep a recession from happening. That doesn’t work. It would be like me buying a house I can’t afford and bouncing loan off of loan to try and stay afloat. In my opinion, and I said it back when President Bush first bailed out the banks, I said NO. If they are in trouble, it is their own fault. If they go under and it hurts our economy, well that stinks, but you have to let the strong survive and the week, corrupt, and dumb ones go away. If both administrations would have done this, we would probably be on our way out of the recession instead of prolonging it and making it worse.

I want to know if you agree, or did these companies and banks really need bailed out?

Thanks again for everthing..

Joe
Abilene, TX

Linda 05.07.09 at 8:08 AM

Many people are under the impression that jobs, housing, stocks are having a definitive rally. Is it time to move money from treasuries back to the stock market? Also, how do you see the housing market 3 months from now?
Thank you!

Carl Bitzer 05.07.09 at 8:10 AM

Privatize the dollar. It’s the only long term solution.

Jimmy Brumley 05.07.09 at 8:19 AM

Martin, I your e-letters are my most important reading. Early last year, after several e-letters of your warning about the stock market and the real estate market, I moved everything into money market funds. As a result, instead of a 40 to 60 percent loss, I got through 2008 with a very modest 1+percent gain. I had been heavily into real estate in my 401(k), and shortly after moving out of real estate, the real estate fund was frozen and no distributions out of that fund are expected through the end of 2009 and possibly considerably longer. At my age of 71, the chicken side of me is in control and the growth of my savings is almost nil.

Thank you for all you are trying to do in behalf of everyone, especially for our future generations. It is a shame that they are being saddled with obligations that they had no voice in. I will not be surprised if before the end of my life that the populance is going to get the message to their representatives in Washington, “ENOUGH ALREADY!!”. The sad part is that those of us who have contributed to Social Security and Medicare could see the benefits from those programs cut to the point that they are almost meaningless to our support in the future.

I am one of those who signed the petition that you took to Washington!

James DeLuca 05.07.09 at 8:23 AM

What investments do you see GOING UP as the next phase of this crisis begins?
Guns and Ammo!

Tri Bui 05.07.09 at 8:30 AM

All nation wide coporations have posted better than expected earnings, markets world wide are up, banks have substantial capital as reported and the Feb is behind their back, would they be strong enough to stand the next commercial real estate crisis. All technical indicators are showing up turn for the market, is this real? Should it be time to buy stocks as they are all expensive now? Do You think GS, JPM, WFC, C, BAC, MS… and other big banks will survive this next down turn? Inflation will not come in the the pictures for at least 2, 3 years, do you think our economy has a good chance off bottom out now?

Thomas s Turnbull 05.07.09 at 8:30 AM

I have a question or three………Where are we getting all the loans to do this bailout? Is it true that the US has minted Billions of gold coins called Ameros and has them deposited in a bank in China, just waiting on the bankruptsy of this country. Ameros that will only be worth cents on a dollar of what we have now? Are Canada and Mexico both in on this, “American Union”? Where will the hand out stop? It seems to me the government is trying to bankrupt us, throwing us into caos and fair game for some dictator. Scares the Hell outta me!

Thad Owens 05.07.09 at 8:30 AM

I have purchased your book - have not read all of it - I am impressed with what you have to say.. I would like to talk to one of your brokers about my specific problems and investments you have recommended. If you could e-mail a phone # to contact I will call you at my first opportunity !!!
Thank you —

Thad Owens

Maggie Colburn 05.07.09 at 8:31 AM

You’re doinig a great job for all of us, thank you…..Now, Where’s all that money going to and how are they going to pay “US” back? I don’t understand THREE major questions here: Where are the conservative attornies to demand Obama’s documentation for his birth to prove he is a usurper and end this madness and why aren’t some of his top cabinet members and CEO’s of these bankruptc companies going to jail?????????? Lastly, When are they going to protect our borders and depot these illegals?

Sima Ramazani 05.07.09 at 8:33 AM

I am very concerned about the nationalization of health care. This is definitely on this administration,s agenda yet one doesn’t hear much about it unless you dig. They are trying to sneak it through with a fast track vote so that the American public does not have time to realize what has just hit them. Everyone wants less expensive health care but the Obama plan does nothing to lower costs. It will just be another reason to raise taxes and then give people rationed health care . This is not a new concept. All you have to do is look to Europe and Canada to see what a disaster socialized medecine is. Wake up America! Don’t let your government make decisions about your health care! We will be a socialized welfare state with no going back when this happens.

Donald Gorga 05.07.09 at 8:35 AM

I don’t have a question, but I do have a comment.
We have lost our ability to govern, in Washington or in the States we have elected officials who seem only too willing to pass legislation that will benefit the few at the expense of the many. Our election process is a great gift that we have, yet we do not fully utilize it to the best advantage of the entire country. No special interest groups, No PAC’s of any type should be allowed direct access to any elect official. If a PAC wants to address it’s feelings and thoughts it should be done in the open, with the entire Senate or House in attendance, make your speach, make your point and then leave the vote to the elected officials. That would level the playing field for all. Take the special interest out of the mix completely when it comes to adding “earmarks” to the budgets, make the budget realistic and make it something that should be read and explored before signed into law.
Thank you for your efforts.

Patricia Gerringer 05.07.09 at 8:40 AM

First of all, thank you for all you are trying to do on our behalf. We are behind you 100%. Here is what I’d like to say to the government:

I continued to be appalled by the greed and lack of wisdom regarding the bail-out situations. More is never enough! Our money would have been better spent by giving it back to us and allowing us to pay our bills and make purchases which would have gotten back to the banks to support them. This way the banks are hoarding the funds or giving large bonuses and parties while more and more citizens cannot pay
their bills, causing more bank failures! Enough! Stop handing my hard-earned money to rich, selfish and greedy people! STOP THE BAILOUTS NOW!!!! Lower our taxes and allow us to keep the money we need to pay our bills! Simple!

steve w 05.07.09 at 8:47 AM

First,thanks again Dr.Wiess,for saving our bacon,quite a few i see are very grateful me included,BUT,for me Steve Heil, in an earlier entry, said it all:he’s edgy,he see’s the market walking away[or running],and wants to know how we can get this cash we saved,by not being slaughtered,into a maximum position to profit in this very tricky market?..in a world of druthers i’d rather be on the side lines puzzled on when/how to move in,than trying to play catch up after being caught flat footed,fully invested[buy and hold] in this massive decline.

Wayne Shi 05.07.09 at 8:48 AM

I just don’t understand why the government don’t use the trillions of dollars to create the new banking systems! 2 trillion dollars can create 20 largest banks in the US as of 4th Quarter of 2008’s bank worth. Why the tax payers have to be hijacked by the bankers?

Martin, I’m with you!

Jones 05.07.09 at 8:53 AM

Wiccanwolf say it all.. We Absolutely must elect 34 HONEST, PATRIOTIC Elder statesmen to the Senate in 2010, (Republican or Democrat ) and pray that they can hold the line in a bipartisan effort to rescue the country from corrupt and self serving party line, unthinking incumbants.
Truth in campaigning can be achieved if voter looks back upon a record rather than forward via campaign lies and spin.

Gio B Gori 05.07.09 at 8:58 AM

As one of the federalist fathers warned, the masses have learned how to game the system, and the dictatorship of the entitled is here: democracy and the Amwerican way are finished…. unless….productive Americans take action. If one or two million top taxpayers could join in a single movement, some overdue turnaround could be initiated by their unanimous refusal to pay taxes to propagate politicians - red or blue - whose only preoccupation is to be reelected by catering to the entitled. At this point there is no other hope for America, short of slouching toward a socialist morass with no incentives, no innovation, no standards, no production… Would Grassroots Action consider this alternative?

Georgia Marie Morris 05.07.09 at 9:00 AM

Thank you! I am appalled our leaders thought giving money to the crooks that run the businesses would make them honest.

I am concerned about illegal immigration and the money we spend on the illegals that should be going to American citizens and America.

I am also concerned about the high taxation rate–I am spending as little as possible to ensure I can pay my billls–why isn’t this also a priority of my government?

Janice LaRouche 05.07.09 at 9:01 AM

WORRIES: 1. what if my son loses his job. and 2 the nightmare of the taxes that he, and eventually his children will have to pay.

Marsha 05.07.09 at 9:02 AM

The feds need to back off and let the chips fall where the may so we can get this over with and on the road to recovery.

Mary 05.07.09 at 9:05 AM

I was told was a young child (58 now) and was told that we always had to pay the bills before we could get anything extra (if there was any money left). We had cash and carry, or 90 days same as cash. My husband and I have tried to teach our son and daughter the same, but between congress and the commercials, the goals we taught are being forgotten. My message to congress is “grow up” you can’t have every thing you want. Learn to save, sprend what is “necessary” and have pride in your job, don’t do a “sloppy” job. The men and women were elected to represent the people of this country, we the people are their supervisors! So, far I haven’t been impressed with anyone in congress. This country was based on free enterprise, the best ideas bring in the most money. Sometimes companies have to fail to find what they are suppose to do. You work for your money, BIG bonuses are not a necessary item…it is nice thing, but the average person has never seen a bonus in his or her working employment (and they are college graduates). The most important is that we need to look at God for the answers. Congress seems to be following some “half nit notion”. Did anyone in congress really read or check into this “mess” thoroughly before taking action? If you don’t do your job, why are you sitting in congress?

Jim Branno 05.07.09 at 9:13 AM

America is in an economic decline, and will not improve until we bring our manufacturing base back; it is that simple! We cannot continue to be a debtor nation and expect to prosper. We keep buying foreign made goods and manufacture less to sell or trade.

NAFTA and GATT was the beginning of the end for a once great nation.

Jim Branno

John 05.07.09 at 9:15 AM

I found you eight months ago when I was searching on the internet to see if I could get some data on how banks were doing because one of our business units that works with banks had a sharp and rapid decline in business in 2008. All of your projections were correct. I got out of the stock market about six months ago and opened a self directed IRA and moved to cash and now I had more control over my investments. I am a new subscriber to Safe Money Report and I am following your advice. One problem I am having is I cannot find a Treasury Fund that is open. I truly believe that our economy is going to decline further especially in the Financial and Real Estate Sectors. I have been a business owner for many years and this recession is hurting many small business owners. I was in Texas in the late 70’s and 80’s and experienced what inflation can do to an economy. I fear we are heading down the same road again.

Thank You

Ken A. 05.07.09 at 9:23 AM

Martin,
Thank you for all your work on capitol hill. Unfortunately, this country is headed into the toilet and I’m beginning to think theres no stopping these idiots in congress. I think we’re at a point now where congress can do anything and get away with it. Thats why the American citizens have to clean house next year.
So, when is amnesty coming? That will be the next big pill for us to swallow.
Good luck fighting the big fight! God Bless!
Ken

Akbar KHAN 05.07.09 at 9:29 AM

Dear Martin,

Just a quick message to thank you so much from the bottom of my heart for all your fantastic dedication and perseverence in getting the message across, about the complete idiocy of the bailout insanity policy being deceitfully and cruelly thrust upon the US taxpayers by Washington. Thanks so much for being our eloquent, astute and tireless spokesperson. God bless you for all your efforts. Keep up the fantastic work on behalf of us all and to save our individual and national economic futures from debt-ridden ruin!! Every Good Wish, Akbar Khan

Louise 05.07.09 at 9:32 AM

We need a lot less big government in our pockets and also we need to clean The HOUSE literally. They are a bunch of rich spoiled brats with deep pockets for OUR $$$$$$

Mary Weeden 05.07.09 at 9:40 AM

Hello Martin,
You are doing a good thing, I know it looks bad, but with some one
like you, I really appreciate it very much…
With God’s help we know that things will go his way, maybe not now
but when he is ready….
Thank you.
Mary

James Ferrarin 05.07.09 at 9:41 AM

First we need to clean house in washington, all 545 of them, this will send the message “We are mad as HELL, and we are not going to take it any more.” Second we need to sacrifice to become energy independent as soon as possible, and Third we need to bring back our manufacturing, it is the only way for a nation to build true wealth.

Amanda Kindred 05.07.09 at 9:51 AM

If we’ve given the banks billions to help them, why aren’t they helping us? That money is supposed to be going so they will restart lending, and yet THEY REFUSE TO LEND. So why don’t we save the hassle and just let the banks shut down? Tell the government to be more pro-active. Give government loans instead of wasting our time trying to save banks that couldn’t care less about the people. The methods are already in place with the federal Stafford loans program for colleges and VA loans for homes. Extend it to the rest of the lending processes. The people that need and deserve these loans are being refused by the banks that are begging for money. Put a stop to it!

Jeffrey 05.07.09 at 9:57 AM

Mr. Weiss,

Can we short the commercial real estate market with an ETF? It may be an exceptional time to do so.

Thanks,

Jeff

P.S. I want to thank you for helping us with our investments. I’m sure that I would not understand near as many of the issues without your continued education for the common man.

Lynn Ennis 05.07.09 at 10:00 AM

I am with Ken. Everyday it’s a new mess. I am not as aerodite about stocks etc
as others and I am waiting for your book to arrive. I wish I could speak with you
personally about some things, but one thing I got the message on is to move my
bank. Which I am working on now. The only way to make the people that some people
elected listen is to make sure that they get replaced next election. Thanks for all you do.

Rebeccas Brown 05.07.09 at 10:02 AM

I am thankful for your work on this most important project..protecting the tax payers from over spending of Obama’s regime. While this work has far to go .
.I am disturbed about the choice of Supreme Court Justice..we need one that will keep the Constitution not rewrite it..
I am also disturbed about the lose of jobs..bring them home ,banned imports..we were a strong nation when we built and bougth our own products..
.I am disturbed about health care..government does not to control our health care beyond county hospitals and clinics..this is a over spending train wreck on the way..
and most of al I AM DISTURBED ABOUT OBAMA NOT RECOGNISING NATIONAL DAY OF PRAYER..what happened to freedom of religion !!!

Again I thank you , we need to al pray for our nation
God Bless You and Keep You Safe

Helen Hobson 05.07.09 at 10:03 AM

Unlike most of the people posting I hove no stocks, bonds, or retirement. I have at least 6 years till I would be able to retire and realized years ago that I would work till I died. My greatest concern right now is that they are taking less out of my checks for taxes and I will have to pay it back when I file next year. This would be a grave hardship on me and many other lower income residents of the US. Our government should be more concerned about the “little people” instead of the big corporations and the wealthy people. I have recently had my hours cut and am no longer working 40 hours a week. It is hard enough to make ends meet and even more stressful thinking that I will get no refund, which I have counted on my entire life, and paying back money that wasn’t enough to cover the cut in pay.

Arthur Walter 05.07.09 at 10:07 AM

With fast moving changes and with misinformation rampant, specific ’solutions’ by the general public may not be relevant with these economic problems. Patience with Government and Banking pronouncements and evidence of actual results should be our
byword. Be wise in your criticism. Stay informed.

Gervae Marmsoler 05.07.09 at 10:09 AM

There are so many problems,I don’t know where to start.
But today it is National Prayer Day. Obama does not support
it. In Hawaai the legislature has declared Islam day today.
this has added to my concerns.
Thank you for all your efforts.
Gervae

John Gabor 05.07.09 at 10:15 AM

I suspect Congress will ignore the Petitions and Obama will claim he was not aware they existed. Similar to the tea bag campaign. Obama is not an Administration that believes in “we the people…” more like “I AM the people”. Quite dangerous. He is unraveling the fabric of America!!

richard a 05.07.09 at 10:16 AM

please continue to press stopping these stupid bailouts. they server no purpose. we are now so far in debt that it seems to me it is almost impossible to ever come out of it. in my opinion, it looks like the more the fed throws money , the longer we will stay in debt.

rose 05.07.09 at 10:34 AM

Thank you for going to Washington for me.
The irresponsibility shown by congress and the president only shows, they have never been responsible for a fixed budget as the ordinary person is. When they want something they just print money, or tax for more.
Keep telling Washington to stop wasting our money and get rid of the philosophy of no common sense in favor of political correctness.
I would like to go back to one reason we had the American Resolution, “no taxation without representation.” Too many people, not paying taxes at all, vote as to how the tax payer’s money is spent. Therefore the tax payer is not represented.
I am in a very low tax bracket, but will always feel it is wrong to penalize achievement and reward failure. Everyone should pay tax evenly, be it 5% or 10%. There should be no free ride, expecting someone else to pay a free ride for another. That is for charity and by choice. Achievers should never be punished.
States need their sovereign rights. The federal government has been usurfing them. The federal government should try to put its own house in order before taking over states and now private industry.
States in short fall begging for funds should be sent back and told to re budget. Illuminate programs that are not affordable. It is not Mississippi’s job to pay for New York. Mississippi has its own problems and expenses. The federal government cannot mandate state programs that cause these short falls.
I wish my portfolio was larger so someone would manage it, in the mean time I’ll rely on the little good advice I can gleam from those in the know. I’m starting over again as I’ve lost most all of it.
To bad this new administration gives one no incentive to achieve as the reward is taxation to support those who never even try.
You’ve better advice the lady looking to buy rental property not to. Renters know they can move in for a month and live free on the land lord for six months, while the court system goes through it’s legal paper work. Then the landlord has to get rid of all the tenants junk, re due the whole rental unit, market it, screen the new tenant for the process to start again. In the mean time the landlord has been paying mortgage, taxes, insurance and other upkeep of the property. The law presently is against he investor landlord. This is not a good investment.
Best Regards,
Rose

Brian Riordan 05.07.09 at 10:34 AM

Brian Rirdan
Dear Martin:
I am an American living in Canada, and it is worse living here with our intrusive government punishing us with increasing taxes and regulations. They are using the same regulations to confiscate all our small-town hospitals. Billboard taken down in Buffalo read “2nd Ammendment ends at the border”. The Liberal Government will soon confiscate firearms too. America will probably follow suit also.
I am afraid that governments will pour our (borrowed) tax dollars into the failing economy in hopes they can (hopelessly) restore it. That will not happen. We can expect them to make the worst decisions with our money until they run out and fail.
Sorry that I could not give you my vote for your petition. I do not live in a State with a Zip. My support goes out to with all of my best intentions. When I go to Buffalo today, I will buy your Survival Book. Thank you for all the years of your help with my financial strength, Brian.

Al McInal 05.07.09 at 10:34 AM

This rally is the biggest climb in 76 years. My experience is that when you get a really fantastic rally its a great time to take profits. They usually respond with big counter moves. Also notice that this climb is miniscule in comparison to the overall drop.

All the data I’ve looked at fundamentally tells me that this bear market is far from over.
Housing is still falling fast, yes there is some respite during the current rally but does that mean that 20% of housing underwater and the unbelievably huge over supply of houses created by the bubble isn’t there and will have no effect upon housing prices?

Furthermore I can’t believe the government could possibly cure our problem, TOO MUCH DEBT, with even more debt. I believe this collapse of credit will clean the slate i.e. the government’s scam of stimulation thru debt will collapse too. I believe supply and demand will have a way of fixing the problem of too much debt. Governments across the world have been playing this game for 30 to 75 years, depending upon your view, of devaluing their currencies and creating stimulation with debt. The US has gone back to this strategy with each little slow down yet each time the trick has not brought back profitability to the auto industry. Each new bout of debt creation has failed miserably of late to cure the economic malaise. It has only created warped games like the housing flipping and bubble which are causing worse economic collapses. The government’s scam of inflation is collapsing too. Paul Krugman once wrote the only tool the government has to fight deflation is the scare of inflation. The gov uses it religiously but its now obviously failing. NOW is the time to pay and cash (short term bonds and other forms of cash) are the safest places to hide and its obviously true as the dollar rises as the credit collapse continues.

Lets face it an economy based upon credit extending forever upward isn’t a reality and has never proved to be a reality. We are in a credit collapse and that work is not done by my interpretation regardless of the games that the government and politicians play in their attempt to pad their personal pocketbooks. I think the bond rating agencies and SEC and laws associated with the financial industry will change completely before this is over. I don’t believe the government will be able to create another facade of stability during this collapse. I don’t think people are stupid enough to let it happen. Now is the time to pay for the excesses and cash is the essential entity needed to make those payments.

I don’t even see inflation for quite some time as this deflation continues and becomes better understood and foolishness of credit expansion is more fully realized. CREDIT the foundation of the consumer economy will be shown to be utter foolishness before the bear market is over. Even the politicians will be claiming is absurdity as a means of economic stability.

I am very grateful for guys like Martin Weiss (and Mike Larson) and his team for seeing through the farse of credit as a means of wealth and helping me see this too. I probably would’ve been sucked into Wall Streets mantras of buy and hold and the efficient market hypothesis, which have been proven false by Mandelbrot, if it weren’t for thinkers like the Martin and his team. Keep up the sound thinking I’m still reading and need your support to retain my hard earned dollars. And just to emphasize my perspective, I haven’t earn a single penny of my personal wealth through credit.

Al

Phil Kentfield 05.07.09 at 10:36 AM

My concern is that we have a government unbridled and a main stream media that regurgitates what our world bank owned and controlled government and the corporate kingpins that own the majority of the main stream media continue to 1) promote fear of any kind to gain control of We the People, 2) generate misinformation and spin the facts to distract We the People from their hidden agendas, 3) continue to take away our liberties, 4) continue to expand the federal government, 5) create the impression that there are two political parties with very different views where in fact both parties have contributed to the national debt, violated the US Constitution, eroded the balance of power (i.e., Executive, Legislative and Judicial) and its checks and balances, committed high crimes and misdemeanors with impunity, and followed the same agenda despite the illusion that their party is the only political party that cares about We the People. They do care about money, power, perks, status, benefits and staying in power so that they can continue to reap the benefits, but not you and me. Think not that we would be in any better off had a different candidate won the election, with perhaps the exception of Dr. Ron Paul.

Are you aware that the Tarp and bail out money paid to corporate giants could have paid off every mortgage in existence in America today and would have bailed out Main Street? Are you aware if we keep funding this tapeworm that every credit card and auto loan in America could be paid off to also help bail out Main Street? Do you think that had the Republicans won, who sleep with big business regularly that they would have stepped forward and bailed out Main Street or that they too would have bailed out Wall Street?

Tell me if you will, what Article and Section or Amendment in the US Constitution grants the Executive to write law, issue Executive Orders and circumvent the “lawmakers”, the Legislature. Tell me if you will, what Article and Section or Amendment in the US Constitution grants the Judicial Branch (Supreme Court) to decide elections.

If we would but return to the US Constitution, we could shrink government by eliminating all the federal departments and services that are not sanctioned by it, we could cut the federal budget to pennies on the dollar, we could recognize individual and state sovereignty, we could eliminate the Federal Reserve and the National Debt, we would not invade other countries without a Congressional Declaration of War, and we would prosecute those in political office up to the highest level and corporate kingpins of the crimes against We the People and others. Because prosecution does not follow, they feel and act, and it appears to be fact, that indeed they “are above the law”

Well you asked the question and that is an overview of my response.

steve 05.07.09 at 10:38 AM

On 3/2/2009 8:46am I got a hot tip from you;someting about next is the panic phase.It was when you were selling the million dollar portfolio deal.A very bright idea to get thousands of people in (creating something out of nothing)!I mean getting fear driven people to think they are like you and that you are willing to use your funds as an ei. is classic.After the thousands paid they’re thousands to follow your lead how much risk is there for you,really?!My concern now is admitedly selfish,and a case of sour grapes: but that timely tip from you mentioned above mved me to begin selling stocks that have so far cost me about 5% to 10% of my savings. Thats only in profits not experienced because of “panic’.But thats not all. Your powerful rhetoric resulted in me greedily racing to buy inverse etf’s and holding them inspite of enormous losses because I was convinced by what you said.I lost so much even though friends and family advised me to get out of them .What do we know about such things I thought. I know I should have used stops,but I was soooo sold. Thanks

Paul W. Kreft 05.07.09 at 10:43 AM

Keep up the good work!!

SB 05.07.09 at 11:17 AM

Dear Martin, we are with you 100% percent. Thank you for the great work you have been doing. We support you in your GrassRoot Action and signed your petition to Washington.

Please give us your advice as to the best investments for the upcoming weeks and months.

Thank you again.

Gail Hitchcock 05.07.09 at 11:21 AM

Hi,
I have a question about LOAN MODIFICATION’S,We applied for one ,through Citi Mortgage about two months ago,since then,we get no response except that “they are lookin at the aplication”,meanwhile,I am getting all kinds of phone calls of company’s that claim,they can do a loan application for me for appx.$1300.00,then the lenders would consider us !!! I know this is a scam(I wonder if they got my name from Citi as I did not talk to anyone elese) Any way,my point is,THESE lenders are not giving loan modifications out as far as I can see,so where is all that money going????

PS:WE have recieved no help from CITI,and yes we both work!!!

Clare Gallagher 05.07.09 at 11:22 AM

Dear Sir:
Read the Minneapolis Star/Tribune May 7, 2009 opinion papers! The article from Richard Levins, professor EERITUS of applied Economics, U of Minnesota has me seeing RED, RED, Red. This idiot had to fail elementary “anything” 101, and he is teaching the young minds that probably know little if anything from high school about economics. His spin is that a “healthy middle class requires middle lass wages. He is in favor of making it EASIER to join unions. We in MN have seen the effects of unions which were good when they were started, on the iron range. The people are so unionized they can’t see beyond taking a wage cut (from there “good” wages) to keep a job. It crippled the US. Look at the car companies and their unions that got lifetime benefits. Where are they? In the same paper, the Los Angles school district has many “teachers” on leaves because of “problems”. They should be fired! LA is also laying off teachers because of budgets.

We have to get back to reality. A decent job for a decent wage, floor sweepers at Ford Motor Co. making over $40,000 a year? Why? This was a few years ago. Teachers making $35-50,000 with four or more years of college and teaching your kids. I don’t want anyone to starve, but lets be realistic. I used to be a teacher. In MN, a union head is on tv every day it seems, complaining about the poor salary. I get physically sick whn I see this guy. I did it for the love of the kids and subject, money was second.

Thank you for heading me out.

Charles Sears 05.07.09 at 11:23 AM

I purchased a home in Palm Beach Gardens in May of 2007 and probably paid close to top dollar for it. We like so many other people are hard pressed to make ends meet. We are both retired (66 & 71) who is out there to help us out? What happened to O’bamas assistance to the middle class?

Melissa S. 05.07.09 at 11:27 AM

My main concern at this time is that government needs to slow down the craxy spending that is going on.

Second concern is that the government needs to step out of running businesses. Since when should a union own a portion of the company that employs the union workers? I believe that the UAW will own part of the car companies? That is crazyiness.

mun 05.07.09 at 11:33 AM

The major point to the Administration and Congress is that this country needs to plan and implement a budget to live within our means. Debt is what crushed many who are in or near bankruptcy. If Uncle Sam were an ordinary citizen, he would be in the deepest pit of despair long ago. Is that any way to lead a country? Balance the budget and start eliminating the deficit and be an example to us ordinary folk.

N. Ironside 05.07.09 at 11:36 AM

Dr. Weiss,

Simply, thank you for your integrity, honesty and foresight. Your new book is an island of and compass for security in thses very uncertain times. Your father must be smiling.

Donna Jones 05.07.09 at 11:41 AM

Mr. Weiss,

Thank you for delivering the petition and for everything else you do on our behalf. You are in my prayers.

Thanks,

Donna Jones

Anthony Montalbano 05.07.09 at 11:43 AM

Dear Dr. Weiss,
In retrospect, when Obomination was elected I had a deep suspician, my intuition told me that he was not who he made himself out to be. I suspected the worst, and it depressed me when he was elected. I had the impression that his wires were permanently burned by the expierances of his upbringing, and the people he associated with in Chicago. In addition he fiurther surrounded himself with people who are his equivalent.
Our only chance to save this nation is during these next Congressional Elections. If we do not gain the majority in both houses, our chances of rectifying or at least stopping this slide will be greatly diminished, to almost nothing.

John F. Tashjian 05.07.09 at 11:44 AM

With all that’s going on the the financial sphere, a seemingly un-related issue occurs to me: as I am presently un-employed, what impact will these “stress tests” on institutions like Bank of America, Wells Fargo, etc. have on my prospects for returning to the workforce to resume earning an income? In the event I obtain my old job, or a new one, will these “stress tests” and the so-called “stimulus” actually do me more financial harm than good? Please advise.

BARBARA BARTLETT 05.07.09 at 11:48 AM

THANK YOU FOR YOUR EFFORTS. I AM A RETIRED WOMAN WITH FEW ASSETS, BUT IF THERE IS SOMETHING I CAN DO, LET ME KNOW. I FEEL THAT THEY HAVE TO BE STOPPED

Jeff 05.07.09 at 11:50 AM

Martin - Firstly keep up the great work! You and your team are fantastic. You really have provided an opportunity for all to gain clarity of the mess we, as a country, are in!

Moreover perhaps you can shed some light on the following concerns I have:
1- The US dollar is weakining again and this causes me concern. I can’t see how a net import nation will survive long term if we have a weakining currency. I also find it hard to see that the global economy will benefit from this devauled dolar in the near term as it will only cause Americans to further shutter imports - causing a backlash on the global export economies. I view our current government as instituting a ‘financial repression’ policy where they should be moving towards a financial liberalization policy; allow rates to move higher instead of engaging in quant. easing programs and swiftly begin to reduce our national debt! Capital will flow to the USA when interest rates are balanced by the free markets! The FED can not set rates - only the market can! This is a disaster waiting to explode!

2- I’m worried that the insurance companies, aside from AIG, are absent from the financial review.

3- Revolving Consumer Credit companies ,the so called finance companies, are also quiet. Did not a few of them convert to a bank a few months back? How healthy are they and why should we bail out unsecured debt financiers who abused a population by impairing their customers credit FICO score when the customer has decided to reduce their credit card debt through voluntary cancellation. They deserve to fail - the scheme has gone on for far to long!

Best wishes - Jeff

Sean Sampey 05.07.09 at 11:51 AM

Please request information regarding the transparency of the Federal Reserve. There is a bill requesting this lets see the change we were promised.

Al McInal 05.07.09 at 11:55 AM

I’m so excited to see you are working with the government. We need some common sense coming from people with credibility which coming from individuals, like myself, holds no water. I have written all my congress people 5 times about no bailouts and received totally inadequate responses.

Obama’s selection of prior CEO of Fannie or Freddie for his economic advisor display the mentality of advice the president is receiving. Fannie and Freddie have been hugely successful in making credit available, the problem is credit has been too available. It’s a simple case of the leaders not being able to see the forest for the trees. I’ve read the for and against ratio of letters on bailouts was 1000 to 1 but it’s bank presidents advising these politicians and the politicians would have to go against compaign contributions. I’d have to think twice when my choice was between drastically cutting my income / huge nationwide losses of financial chaos versus a continuation of policy that has APPEARED to work for years and has been politically palatable.

We need help desperately. Thanks and please don’t stop until we get the needed change.
Al

Frank Saxon 05.07.09 at 11:57 AM

Washington is to corrupt to fix, both parties need to be run out of town on a rail. We need a new party that actually represents the people and believes in the Constitution. Will you support a new party? Don’t give me any bull about fixing the Republican Party; they’re as crooked as the Democrates!

Lyn LaVigne 05.07.09 at 12:03 PM

Dear Martin,

Thank you for having the fortitude to stand against government theft of the public’s funds. I do have an opinion. G-d has sown confusion over Washington. Our leaders cannot see their hands before their faces and true vision will not come again until they repent of the vile way they handle the affairs of this nation. They are lacking in judgment and justice is far from them. G-d had a lot to say about that! As an historian, I can tell you that people will be responsible for the leaders they choose. And leaders determine the future history written about any nation. I think the next historical textbook entitled THE RISE AND FALL OF THE UNITED STATES is already being written. Perhaps we are overdue putting all our congressmen out of office!

rj 05.07.09 at 12:03 PM

When will all these bailouts stop?

YES…………. the U.S. Auto industry needs a helping hand and our government must help them. Every one of our politicians forgets the auto industry supports more then just they specific industry. The Auto inductry goes down so do countless smaller businesses that depend on them to survive. But the financial institutions lending money for bad loans is no excuse.

You can once again thank politicians for screwing something else up like demanding banks loan money to people who could not pay it back. (thanks Bill Clinton)

I know I for one am tired of Washington tapping the taxpayer again for money they want. Let the government got out and get a job like the rest of us if they want money to spend.

Look at all the government gives away free to people who do not deserve or appreciate it. Let Uncle Obama cut spending in other areas if he wants to have money to give away to his fat cat friends.

Dr. John H. Painter 05.07.09 at 12:05 PM

Dr. Weiss - My present concern is with T-Bill-Only Money-Market Funds. Your list shows many not accepting new deposits. The one I wanted to get into closed due to reorganization. It is being combined with another Money-Market Fund in the same fund family, probably to strengthen the latter, which holds corporate paper. So, are all the T-Bill-Only funds going to be ‘reorganized’ in their fund families? Are we going to have to hold T-Bills, directly?

Ralph Hill 05.07.09 at 12:10 PM

Martin, If the government wants to bailout someone in the hopes of stimulating the economy, think on this. If the government would bailout the middleman, anyone making, say less than $150,000, to the tune of around $500,000 taxable, I think it would work. First, since it would be taxable, the government would get back approximately $210,000 from each taxpayer leaving them $290,000, so the program would not cost the full amount of the bailout. NOW, what is the first thing most of us would do with that much money??? First, pay off our existing mortgages, flooding the banks with countless dollars from citizens, not from bailout funds. Second, most of us would buy a new car, thus opening the door to the auto makers to rehire laid off employees and restart production lines to fill the orders. Third, with what was left, bills would be paid, flooding the credit card industry with funds to bail them out and also put money aside for future education needs for children or in my wifes and my case, to provide for us in our older years so we won’t be a burden on our children, bringing the stock market back to some kind of normalcy. Just some food for thought, but I really think this would work much better than the billions and billions we are now pumping into failing banks etc. Ralph Hill

Rae Anne Casazza 05.07.09 at 12:11 PM

Dear Martin, I have read your internet information. What do you think is safer ? Aa 5-year credit-union cd at 4 percent or an annuity at %5. Both of these choices are under an IRA and we need the interest on a monthly basis. We are 66 and 65 respectively.. Thankyou for your help.

R L Schanbarger 05.07.09 at 12:18 PM

Hi Martin:
No one’s talking about it yet, but ap0arently the Fed et al have decided against further investment in the big banks. They know it has not and willo not work. Their code language is no further bank investment. Rather, they plan on nationalizing the banks.
Under that scenario they will probably start issuing script for currency exchange. This is a method Roosevelt used to confiscate gold at $20 per ounce for $35 worth of paper. The Fed would like nothing better than inflating away the debt in this matter. More than likely turning in $100 would only net $40-50 of the new script. We are headed for serious deflation and the Fed is scared to death of that.
Regards, R. L. Schanbarger Gadsden, Al. 35904

John Shelzi 05.07.09 at 12:18 PM

The abolishon of the Federal Reserve concerns me the MOST!!! Thank you for your efforts. Sincerely, John.

Mark Connell 05.07.09 at 12:24 PM

All families know that when an economic crisis occurs for them, the belt tightens and ALL unneccessary spending stops immedietly! All familiy members begin to think of ways they can contribute to the financial health of the family - wife considers going back to work, husband considers a second part-time job, kids hold garage sales, lemonaid stands, etc… Our government has done NONE of these things!!!

When will congress and the presidentg stop spending what we do not have, to buy things we do not want or need? If companies fail…so be it! That’s what the free-market system is all about. I think this all stems from the fact that none of them has to really work for a living or manage a limited family income, and all of them have been in Washington too long!! It’s time for them to go home and get real jobs so they can understand what we are all saying!!!!!!!!

R Hansen 05.07.09 at 12:29 PM

My sincere thanks, Martin, for your hard work and representing all of us.

Beej Reese 05.07.09 at 12:34 PM

There are so very many important concerns that are on the cutting board these days. So many people needing help but also so much money is spent on the people that are crossing our southern borders to get in on the free services they can receive. I do not like this as that is monies that should be available to the born and naturalized citizens of the US of A. If that free monies and services were taken away from those non American persons there would be much more money avilable to the middle class American that is unemployed at this given time. I have empthy for these people BUT they have paid no money in any way for free services or low finicial help in housing, medical or education services. I know that this country is made up of iimmigrant populations, as I am third generation Norweigian and they became naturalized citizens on this US of A. So can anyone else that really wants to have The American Dream way of living as they are calling it.
It is time to start playing HARD BALL with these undocumented people regardless of how long they have been on America’s land that so many have fought for and paid the price of wanting a FREE LAND OF LIBERTY.
There is so much to write about that is would take a novel to express it all. I pray that our Creator will help us get what we desire, what we are working for, fighting for and put those that want to tare America apart in places they should be and not in governing our US of A.

Sharon Sheffield 05.07.09 at 12:37 PM

Some of the things I am concerned about is the next supreme court judge, with Obama, it could really be diasterous. He won’t even acknowledge the National Day Of Prayer.
Letting the terrorist go free to reck more attacks on American, and we have to give them money to do so.
Same sex marriage being passed in many States. I am ashamed of the immorality of this happening.
Bail outs. Let them go bankrupt and it’ll will correct itself. It has before.
The attack on Bush by Obama re: the terrorist being abused. No one is saying how they cut of the heads of Americans. Is that okay. Mr Obama.
I am concerned about Acorn stealing the votes, will I could go on and on. Iam so fed up, enough is enough. Oh one more thing. How about the appointment of people that don’t pay their own taxes and say I just forgot.

Sincerely Sharon.

Giuseppe A. Pingue 05.07.09 at 12:39 PM

I am a real Estate Broker / Developer,
I am fully aware of the next Commercial Real Estate financial disaster that will effect the retail, wharehouses and office market, as I have been predicting it for months, and it will soon be crashing on us, that will have a more devastating effect than the residential market.

the problem with this Country is that when the market is good every one goes over board with their business expansion as it has hapened in the last decate, and with all the bailout money, it will over expand even more in the near future if we we survive this one.

Audrey 05.07.09 at 12:42 PM

Thank You for all your work to let the grassroots know the corruption in Washington, from the President down to the lowest staff member.
It appears that National Prayer day has no meaning, to most of these people. This is sad. We are a Christian Nation that has lost its way,the day will come when we will be running to God to save us from the likes of some people.
I am concerned for my children and grandchildren they will never have the freedom I have had. Now the taxes, tax on utilities, and now the Fairness Doctrine and trying to end freespeech in American. What are these people thinking of. They just think of power and we are their servants. Keep working and shut up and pay up, you are to dumb to know what is best for yourself and your family.
I pray the American people will wake up before it is to late and fire all these liberals.

Brenda Owens 05.07.09 at 12:42 PM

This all concerns me very much and other than you taking a stand and asking for me to sign the petition I feel like my hands are tied when it comes to the Govenment. I don’t trust any of our politions to do what is right and I certainly feel like our President is just an absolute disgrace and could care less about the people. I am scared to death of the liberal agenda and do not understand why these people cannot see what is happening . I so desperately wish the people would stand up to all of Government and take a stand. I continue to go to Tea Partys but I feel that the liberal agenda will take over no matter what because the gov. does not care about the people. I am sick of all the fear tactics that the media takes part in and I am sick of all the smoke screens they put up to keep us off track to what is really happening behind the scenes.
Our Government is not any longer for the people by the people. These are scary times and I will stand under my covering God!!!! That I can trust. Thank you for all you do .

Karen Warren 05.07.09 at 12:43 PM

I thank you for all your hard work. Our government takes 45% of our pay checks as it stands, I am told. I am also told that in truth we work from Jan. to July for the government before we work to bring our money home. I’m not a math wizard but something here does not add up to me. Help me understand this please. The Lord only ask 10%.

John Wages 05.07.09 at 12:52 PM

Martin you and the organization do a great service for those of us that truly want a change for the better not the amazing amount of spending that is taking place.

I p