Bank Stress Test FLIM-FLAM!
What Washington DOES NOT want you to know
about the true condition of America’s banks
Dear Investor,
At this very moment, more than 200 federal regulators are examining our 19 largest banks — supposedly, if you believe Washington, to determine which are strong and which are at risk for failure.
They’re reportedly asking, “Will this bank survive if the U.S. economy shrinks 2% in 2009?”
But in the first quarter, the U.S. economy contracted two and one-half times more than that — at an annual rate of 5%!
They’re asking “Will this bank fail if unemployment rises to 8.4% in 2009?”
But unemployment is already higher than that — at 8.5% and more than 600,000 more jobs are being lost each and every week!
Even the regulators’ “worst case scenario” of a 3.3% economic contraction and 8.9% unemployment is a joke:
Not only is the economy already shrinking much faster than 3.3% … the Obama administration itself has warned that unemployment will be much higher than 8.9% this year!
Nevertheless, on May 4, our leaders will — with great fanfare, I am sure — release the results of this jury-rigged stress test. And you can be assured that it will likely say that, given these mindlessly optimistic criteria, many of our 19 largest banks are “safe.”
These phony stress tests might be laughable if only the truth behind them wasn’t so terrifying:
Our own government is clearly cooking the books— using these false criteria to deceive you; hoping you’ll trust banks that are clearly hanging by a thread.
Worse — they’re so busy concocting this smoke-and-mirrors stress test that nobody’s asking what will happen … how will we cope … how will families survive when …
>> The still-accelerating surge in home mortgage defaults hammers banks in the weeks ahead …
>> The new explosion in the number of defaults on jumbo loans made to prime borrowers hits the headlines as lay-offs continue to intensify, and when …
>> Large chunks of the entire commercial real estate sector go the way of GGP — the nation’s second largest shopping mall operator that declared bankruptcy yesterday.
Nobody in Washington seems to have the time to ask what will happen if and when …
Our cities are unable to provide police, fire and other essential emergency services when the credit markets shut down …
Our hospitals are forced to close their doors due to disruptions in insurance payments …
Our supermarket shelves are emptied because trucking companies can’t get short-term loans to stay in business …
Our utilities — the companies that deliver crucial electricity, gas and water to our homes — are crippled as the crisis kills the revenues they count on from corporations, and when …
Our soaring deficits drive interest rates sky-high and gut the dollar, driving our cost of living through the roof.
QUESTION:
WHY isn’t Washington asking
these all-important stress-test questions?
ANSWER:
Because they already know what will happen
— and it has them TERRIFIED!
This is why I’ve warned you that, in the next phase of this crisis, literally hundreds of banks and other lenders will be pushed to the brink — and OVER the brink — demanding hundreds of billions of dollars; perhaps even trillions in new bailouts.
This is why I’ve repeatedly warned you that the recent stock market rally was nothing more than a dead cat bounce — a bear market trap — and urged you to use it to dump stocks before it’s too late.
And this is why I’m doing everything in my power to make sure that this week’s Taxpayer Tea Parties are only the beginning of a massive, nationwide grassroots movement to end these disastrous bailouts!
Here’s what I’m asking you to do — for yourself, your family, your community, our nation and also for the most helpless victims of this crisis:
FIRST:
GET YOUR FAMILY TO SAFETY — NOW!
Click this link now to get your personal copy of my new book, The Ultimate Depression Survival Guide and begin getting your family to safety. And while you’re ordering, don’t forget to get extra copies for your family, friends and neighbors — as well as one for your Congressional representatives and for President Obama.
Now, after burning up the sales charts and becoming a best-seller at Amazon and other online booksellers, I’m gratified to announce that The Ultimate Depression Survival Guide has just made THE WALL STREET JOURNAL NON-FICTION BEST-SELLER LIST!*
And for good reason — within its pages, you’ll discover …
-
Why Wall Street cheerleaders, top economists and our leaders have been so wrong at every stage of this crisis — and why listening to them now could cost you up to half your wealth in 2009 and beyond (page 43) …
-
How to make sure the multiple “sucker rallies” and dead cat bounces in every bear market do not cost you money. Crucial self-defense. (page 47) …
-
Why even the shocking trillions in bailouts and guarantees Washington’s handing out are a mere drop in the ocean compared to the size of this crisis — and four reasons why all attempts at bailing out the economy are doomed to failure (page 8) …
-
Why this great crisis is still only beginning — and why the next phase will be, by far, the most painful and terrifying for everyday wage-earners, consumers and investors (page 35) …
-
1,673 banking institutions at risk! How to discover if your bank — and your money — is safe (Chapter 5) …
-
The ultimate alternative investment for reaping wealth in the worst of times. Follow these three steps to rocket your income (Chapter 13) …
-
3 shocking reasons why Wall Street ratings on stocks and bonds are dangerous. Hidden conflicts of interest, bias, payola, cover-ups and scams that could lure you into deadly investments (page 55) …
-
How to find safe insurance: What brokers never tell you … policies nobody needs but almost everybody buys … much more (page 65) …
-
Your home loses another 20% of its value — but THIS investment wipes out your loss or even hands you a profit. The five-step hedging strategy every homeowner should be using now (page 107) …
-
Your own, private bear market bonanza: Five simple steps for using ETFs to profit when stocks plunge (page 119) …
-
5 easy ways to spot the REAL bottom in stocks and bonds — and use it to pile up massive wealth in a recovery (Chapter 10) …
-
Great $60 stocks on sale for 60 cents? Yes, and even less! Recommended bottom-fishing strategies (page 131) …
-
How to maximize your bond market and Treasury yields with safety: Six simple steps (page 151) …
-
The best time to buy gold — 700% profits possible! Get your timing wrong, and you’re likely to lose a bundle. Get it right and Katie, bar the door! How to invest in gold, gold ETFs and mining shares during a depression (page 171) …
-
What YOU can do to save America from certain disaster: Crucial actions required now to get Washington and Wall Street to reverse course, save the dollar and pave the way for a true recovery (page 173) …
PLEASE REMEMBER: Your copies of The Ultimate Depression Survival Guide don’t have to cost you a dime. We’ll immediately send you a $29.95 credit voucher for EACH and EVERY book you buy, redeemable for any new purchase of any product or service Weiss Research offers.
PLUS ALL MY ROYALTIES ARE GOING TO CHARITY: You can feel good about ordering, knowing that 100% of my royalties are being donated to the Campaign to End Child Homelessness, a national charity for the most innocent victims of this crisis.
Click this link to order your copy online now.
SECOND:
HELP ME STOP THESE INSANE BAILOUTS
BEFORE WASHINGTON BANKRUPTS ALL OF US!
After you’ve placed your order, re-open this page and click this link to sign our petition; stand with me in demanding that our leaders STOP corporate bailouts that …
>> Can NOT save these failed companies but only makes them dependent on Washington for the long haul …
>> Set the stage for soaring interest rates and higher taxes — pure poison that will surely kill our struggling economy, and …
>> Punish the innocent — you and me — by confiscating our money to reward the guilty corporations that caused this crisis.
I’m doing everything I can to bring America back from the brink — but I can NOT do this alone.
I need you to stand with me — in a nationwide grassroots movement to save our families, our businesses and our nation before it’s too late.
Again — the two steps I need you to take right away:
1. Click this link for details on The Ultimate Depression Survival Guide and to order copies for yourself, your family, friends, neighbors and elected representatives.
2. Then, re-open this page and click this link to sign our petition demanding that our leaders STOP bankrupting America before it’s too late.
Thank you in advance for your help.
Good luck and God bless!
Martin
* Errata: In some emails, we incorrectly cited this as The New York Times best-seller list. We apologize for the error.
{ 8 comments… read them below or add one }
I need to know:
1. The Safest USA Banks
2. The Riskiest USA Banks
Thank you for providing this service to your subscribers. I bought the book and signed the petition, but I thought that I should leave a little perspective from someone who stomped the hinterlands, gave money, and voted for Obama. I am extremely discouraged by what I have read, not only from you, but from the link to Bill Moyer’s show on which he had a Mr. Black (professor now) who was a chief bank examiner during the S & L scandals during the Reagan years. Those abuses in the 80’s and beyond are only being encouraged by Obama and his administration. I will say that the American people bear some of the blame for this mess we are all in. No, not the ones who fell for the sub prime come-on’s from the financial sector. Our politicians are only as good/moral/prudent (write in your own word here) as we force them to be. As long as we keep playing these gotcha games spinning right vs left and vice versa, is as long as the 10% of the money men, and the pols that those 10% own, will continue to exploit us. We are sheep simply awaiting to be sheared. Our futures and the futures of our children and grandchildren are at stake. These financiers ARE the terrorists our government has been warning us about. Thank you for letting me blow off some steam.
Edward S. Kernish
I appreciate your work to help us become informed. It is difficult to find the truth We seniors have a big concern about the Health Plan. The Health Plan does nothing for seniors. But it robs them of their most cherished possession. Their health.
A great deal will be taken from our Medicare and from our Medicare Advantage programs. It is said that this will go to the 49 million uninsured. It will be done in this way. Governmen people wil look over the doctor’s medical records. If they see that a doctor has prescribed a medication or procdure that is not “cost effective”, meaning the cheapest possible, he will be discipined. Rules will be established whereby seniors will be deprived of certaun medicines if they are old. In other cases they will be allowed only much cheaper ineffective medicines. This is Euthanasia.
Dear Martin, I’m enrolled in your million dollar contrarian group but I haven’t heard anything lately–4/24 to be exact — with the recommendation on SEF. I’m leaving on a three week trip starting this saturday 5/9/09 and will not be taking a laptop so will be out of touch for that time. Maybe you have some good advice for me. I’m really only two days away from being out of touch so I should act now on anything urgent. Many thanks. David Yates
Thanks for sending the petition for US to sign. The overwhelming response was excellent. I hope I can make the million man march on Washington on Sept. 12th, but due to some health problems I may not be able. I will be there in spirit if I cannot join in. Keep up the great work, you are a true Patriot. God bless America!
Bought the book…but how do I check out my bank for safety………
Hi,
Great site!!!!! Good health is very important with the high cost of medical coverage. We need to have a healther lifestyle by taking care of our health eating and exercising and also avoiding stress. I am a cancer survivor and I know. Our health is our greatest asset. Keep up the Good Work!!!!!
I got your book at the library and found it very informitive and incitfull how do I get information on my bank and other banks? I went to the recommended site but there was no bank information I was looking for