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I sincerely hope you answered the call yesterday when I invited you to jump over to join us here on my blog.
If not, I strongly recommend you do so immediately:
Thousands of readers are here right now; sharing great ideas for protecting yourself, your family and your wealth from Congress’ failure to cut Washington’s massive deficits.
And today, our readers have a new, even more critical question to answer:
How do YOU plan to USE
this impending stock market implosion
to grow richer?
Look — we’ve all been given a great gift here; valuable information about a future event that is virtually guaranteed to happen:
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We know that Congress is likely to fail to cut the deficits on November 23 OR on December 23.
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We also know that the automatic, across-the-board cuts that will follow such a failure can only take billions of dollars out of our already-weakening economy.
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We also know that all three ratings agencies have warned that if Congress fails to cut its trillion-dollar deficits, they will cut Uncle Sam’s credit rating.
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And we know that when just one ratings agency — Standard & Poor’s — downgraded Washington debt last August, stocks plunged 2,000 points in just over two weeks.
The challenge: We know WHAT is about to happen … but we don’t know precisely WHEN the ratings agencies will trigger this looming stock market bloodbath.
It could happen on November 23, when the Super Committee is required to present its plan — just 19 days from today — or shortly thereafter.
Or, it could happen on December 23, when Congress is scheduled to vote on any plan the committee produces.
Heck; the ratings agencies could even wait until after Christmas to announce their downgrades.
So how do you handle a situation like this one — when you know about an upcoming event, but NOT exactly WHEN it will happen?
I will give you my recommendations in just a few days — but first, I want to give you the opportunity to share YOUR ideas with our readers.
So just click this link to leave a comment and join the discussion: Share your best ideas and maybe pick up a few new ones from your fellow readers.
P.S. OUR EMERGENCY SURVEY IS GOING OFFLINE TONIGHT! We’re also leaving our emergency survey online until midnight tonight — just to make sure we get as representative a sampling as possible. If you haven’t already given us your answers to those critical questions, click this link and do so soon!
{ 117 comments… read them below or add one }
My husband and I (retirees) do not have a lot of savings but everything we had is in dollars.
What do you suggest we invest in?
Thanks,
MPNilssen
If you possibly can, I recommend you go to EverBank who sell different currency CDs .
My preferences are for Norwegian krone and Aussie dollars at the moment and anything from Singapore if possible.
Buy Canadian stocks or ETF’s and get out of US dollar stocks unless they pay huge dividends and are stable. Altria is my top one and has been for many years.
As I live in euroland, can you tell me please why the euro is still as strong as it is?
I concur with the consensus that the special Congressional committee will come up with a plan, or if they do, Congress will NOT pass it. One factor that has been conspicuously left out is the actions of the Federal Reserve. They have already hinted that they have “more options” at their disposal, and will use them as required. Now, to what I think may happen.
- Congress will fail by one means or another to develop a plan to reduce deficits.
- Rating agencies will downgrade US debt
- The stock market and precious metals will soar despite the potential impact on the economy. This will happen because investors will seek a safe haven – of any kind. There is too much money to put it all in precious metals. The Euro-zone is becoming a problem. Where does the money go? Treasurys which have been downgraded? Precious metals? No, not enough. Only place will be equity markets… And particularly high-grade stocks.
I am also a retiree and have the same problem, but in my personal experience I have three major
ideas that may help you:
1. Never ever believe in financial advisors fron financial institutions. They work for the institution and what they sell is for the institution to profit as well as the salesman ( financial advisor ) It is the first point written in my will!!!! They do not care about your money, they care about their personal profit. This happens much more often than you can imagine
2. Diversify yourself. In your case excuding your residence and living expenses for a year or so.
a. Other Currencies. The dollar will fall long term and those of us that have lived devaluations know what will happen to your purcahsing power. You do not notice it immediately, but you will sure end with much less
b. Tangible Assets. Whatever you like but within long time, they keep value and tend to
increase in value.
c. Learn about Etf´s that are leveraged.
3. In my personal case, never more than 15% in one asset/investment of your portfolio value
If the committee fails to come up with a good debt reduction program, I am afraid China will cut us off. Then the dollar will be dead and gold will replace it.
You short the weakest industry out there–the banks–XLF; buy all the March puts you can !
These are truly uncertain times but one certainty is that the demise of paper currencies and the rise in value of precious metals will continue.
Weiss Research has taught me that there has never been a better time to seek the protection offered by gold and silver against the devastation that will be caused by global monetary policies.
The world is being set up for the next great transfer of wealth.
Now is the time to be positioned correctly with real assets like gold and silver.
The idea of a home based business can provide many benefits in addition to a nice income.
Find out how to Produce,Provide and Preserve Wealth at: http://www.SuccessYouDesire.com/PMCentral
Congress will not act decisively until we have a devastating crisis in the markets. Bernanke is limited in his response to the next economic debacle. I expect a black swan event as the issues that were present in 2008 have not been resolved only bandaged over. Safe harbor is important since the upside potential is not great and the downside abyss could be huge.
I am wondering how many savers/ pensioners/ investors would place some of their nest egg into a non-fractional banking institution should one be developed in the US or Canada. This idea has been written about in a publication from Weiss Research OR one of its recommended correlaries. A billionaire in Canada is seeking federal licensure to create such a bank – one that does not leverage its deposits for the purposes of loan-making. Rather the bank would be backed by non-fiat ( gold , silver, etc. ) and other “solid” tangibles. The point of the structure is to allow its depositors to feel truly safe ( versus current FDIC protection, which only covers an aestimated 5% of deposits should a large-scale banking failure occur … THE $250,000 COVERAGE COULD BE AN ABSOLUTE FARCE )
How do I buy Yuans??”
Hi, I live in the UK. We have the same problems here only our politicians are continually fudging the discussion with Euro red herrings. UK in not in the Eurozone, our national debt is rising at a megga rate, again we also have a “non event” in the housing market plus very large personal debt levels in the population.
I have not known what to do about my savings etc for a long time. I have now decided to by a house, the price has dropped substantially and I am lucky to be able to purchase outright, no mortgage. At least when the roof caves in I will have a place to sleep. Take great care everyone. Good luck.
I will watch this unfold!
We the People of this land need to demand that the FED get audit. It is the single most institution that servers no one but itself. Since it’s creation it has cause more depressions, & recession then there has ever been before in history.
It is the single most problem we are facing in this country. With the abolishment of the FED, all moneys will go to the US Treasury to fund this countries needs. Also with the FED being gone so does the US deficit. It was created out of thin air….. it is just paper.
the best way to profit is to invest in food, aug ,gas infurstructure,gold, silver, and oil
The current economical crisis that we are living in I saw it back in the early 80’s in Mexico. I was a teenager but I remeber very well the devaluation of the mexican peso and the inflation that hit hard. Families loss fortunes in the mexican devaluation and others that invested their money in the US dollar made fortunes.
To protect your wealth against the devaluation of the U.S. dollar and inflation invest in precious metals like gold, silver. Right now I see a huge profit opportunity in investing on betting against the euro.
Also, research investment vehicles that will soar with inflation.
I plan to buy inverse ETF’s and in some cases options on ETF’s and put options on select stocks. Also plan to add to gold and silver positions
When mike and Larry say the word, I will be buying dividend paying stocks by the fist full–Dave
would like to hear what dr. weiss has to say.
Buy gold,gold,gold,gold
We plan to continue to “hunker” down and anticipate getting through this mess in reasonable condition due to the fact that we have been following your advice for a good while now. I do, however, fear for my friends and neighbors because I am convinced that we are all in for some very severe economic conditions and that those conditions, if we survive, will be with us for a long long time.
Due to the underlying fact that most politicians are not familiar with economics concerning running a business they will keep tinkering with them until the market will just outright force a correction to happen regardless of what policies our elected officials will try to enforce. Its only natural for people to not buy something they do not want, or to panic when something does not go the way they think it should, and especially if they see its not going to be of a benefit to them in some way. Knowledge is key Greece will default its simple if you can not pay your bills where are you going to get income to pay them if you do not have a plan. Also if you keep borrowing capital trying to pay off accumlated debt you are betting against your future prosperity which is always questionable depending on any given set of present circumstances. Buy Gold as you can afford as a hedge and especially silver which in my opinion will greater furture utility globaly. Use etfs such SPXU, FAZ, for bearish moves use
FAS for bullish moves. being well captilized helps greatly try to use stops for limiting loses. Watch the news because the majority are reacting based on the news. If you have some fundamently and technicly stong stocks use them to procure even more income at this juncture. be prepared. Because this global market and financial banking system is going to have to collapse and be reset bcause the value of all the paper currencies is dying. For those who do not have a lot of assests to work with
Consider coverting some cash into tangible items. That can be used later even for barter just in case
Get Ready the Greatest Depression is almost here………………..
Best Regards
Fred Hill
Continue to evaluate and invest in junior silver and gold exploration companies. This is an avenue that allows lower cost entry into the market.
If we KNOW there will a pending crash, we should be buying PUTS to take advantage of that. What stocks or ETF’s would you recommend shorting to take advanatage of the anticipated drop in the market?
I have been hoping that my subscription with Master Trader would have been all over this however we have received nothing for a few weeks now…somewhat disconcerning.
EL
Scottsdale, AZ
If the committee fails or Congress fails to pass the committee’s recommendations, the market will go down. Then Congress will pass another stimulus bill, the Fed’s will print the money, and the stock market will take off. Precious metals will go down. When the stimulus runs out, just past the 2012 elections, the market will crash, precious metals will takeoff.
Our government has been overthrown and I’d like to see the constitution restored, by havng the 16th and 17th amendments and the Fed Res declared unconstitutional for starters. Instead of the government telling us what they collect and where it is spent the people have to tell the government what we make and where we spend it, in violation of the 4th amendment and ART. I section 9. Instead of the senators being elected by our state legislators as required by the constitution they’re elected by the people thus the states lose power over the senators and have no control over senator actions, The reason for a 2 house congress was for the smaller states to have the same power as the larger states and so each were given 2 senators to represent them, and the representatives were to represent the people. There shall be no capitation or other direct tax unless it is apportioned by states in proportion to the representatives thereof. We lost that right and we lost honest money because of the 16th and 17th amendments and the Federal Reserve. I’ve written enough before breakfast. May God save the USA. Also I don’t like the comments on TV about Made in America–why isn’t it Made in the USA? And I don’t l;ike the yellow fringe on flags shown in so many places.
hard assets
We see the future as economically weak and unstable set out by the Obama administration. As retirees we are pessimistic of the short term and don’t figure we have an abundance of the long term! We anticipate your realistic and constructive direction in future articles and communications.
. . . And buy gold overseas,
okay
I anticipate a long difficult time for the U.S.A. in every facet of life.
Thanks for providing this forum for allowing exchange of view points at “grass roots” level; reflects concern and confusion of investors. Suggest Weiss provide implementation plans as to how an individual might, say purchase gold, put options, etc. Brokers seem to want only to peddle US stocks and mutual funds-guaranteed loosers.
the problem is that we keep electing people who are more interested in getting re-elected than in doing the job they were elected to do.we all know that the recommendations of the six were exactly what needs to be done.Unfortunately those steps will not be popular so everybody in the congress is more interested in whst is popular than what is right and necessary.
I joined to look at solutions, not offer any.
The idea of commodifying everything is itself the problem. To trample ethics and promote cheating, theft and blind greed, mere scrimmage of appetite, cannot be enough.
Practice living without pharmaceuticals, support natural agriculture, be aggressive about cleaning up the LAW (land, air and water) and skeptical of industry claims to “be for your own good.” Bring back making things here in the U.S. Own little, want less, and restore your own compass so you can identify investments consistent with values beyond your wallet. Never stop learning.
Single malt scotch is my favorite beverage. I’ve ordered a few cases and have them in my root cellar along with rum and gin for trade items. My husband favors junk and he can engineer most anything. A neighbor who is a mechanic and organic gardener has been giving lessons through the years in both those topics. The neighbor believes FOOD will be the issue when trucks don’t supply the grocery stores. Maybe jars of canned peaches, tomatoes and apple sauce will be lifesavers. Chickens are easy to raise even for those who live in a city. Just don’t get too fond of them.
Mine is a question. The thought that ‘Wendell’ brought up. We know there will be gyrations in the next two months but will this be the trip cord that sets off the final explosion? As Wendell noted, in an election year, if there is anything that can be done to make the ship seem sea worthy, it will be done. I’ll admit that keeping this ship patched for that long will take a lot. Waiting, staying mostly in cash, and sitting on my hands seems wise for now. Since ‘wise’ is not a word that’s normally used to describe me, I’ll probably keep myself busy with small plays in options, etfs, and really short runs in and out of stocks. This will keep my mind occupied until it’s time to make the larger moves.
No one seems to have a SURE bet for the future. My preparations are:
1. A year’s food (for when gold won’t buy it) and water purification equipment
2. Gold and Silver; and should commodities dump
3. A stash of dollars NOT in the bank
4. Plenty of ammo for the less prepared
5. Toilet paper to clean the fan blades.
I think I’m well positioned for now but we are in uncharted waters so who knows.
With volatile stocks, buy both puts and calls whenever they reach the top or bottom of a channel. If the volatility continues, you should make more on one than you lose on the other.
For longer term, we’re planning to buy GLD and related Gold Stocks on the dips, and implement put options and inverse ETF’s when the timing’s correct to invest correctly in a waning market. LEAPS (Longer expiration options) are a nice way to use leverage to do this play and give you more time to be more correct in entry. You should backtest last May~August indices for a sample of what equities and sectors to short. Take your profits and invest wisely in GOLD and related (see Real Wealth for this topic!). For small capital investors, the above plan is a viable way of multiplying your wealth.
When a volatile stock break out, buy both puts and calls at the breakout price. You should make more on the one side than you lose on the other regardless of whether the stock continues to rise or drops back on a false breakout.
Stocking up on food and any medicines (that have decent life spans) are a good idea. Buy some stocks you know are very strong and don’t look back BUT be sure they have dividends. Check the banks you keep your money in and they are rated high. Put your money in several banks cause who knows if one will fail. Buy some things to barter, probably something you would have anyway and also some junk silver. If you buy gold watch it like a hawk as it is very sketchy.
We have been retired for 20 years. My husband has a small vegetable garden.
He has put up over 100 quarts of tomatoes in the last 2 years.
I guess we will be eating a lot of pasta. I am stocking up on dried beans for soups also.
On the fiunancial side: Use inverse leveraged ETFs, buy gold and good global companies that pay dividends. I am keeping cash awaiting an opportunity.
I am consideringing taking shooting lessons.
This all sounds so drastic but we cannot afford to put our heads in the sand.
With credit being 600x greater than the money supply, defaults and foreclosures will deflate the credit buble further driving the value of the dollar higher. I would stay in cash and cash equivalents (T-Bills).
As long as the dollar is the reserve currency I believe that’s where money will flee as the euro collapses. When the dollar enters its final slide into the dumpster of currencies, a new global currency will be issued tied to gold. I look for gold confiscation so bury it deep. The safety nets will develop big holes and/or be eliminated altogether. Food/energy riots will occur and be especially violent in the larger cities. So stock up on food, meds, and the things you actually need daily as dependable delivery of staples may be hindered for awhile. If you can get out of the big city, do so, preferrably near a military base. Expect martial law in the cities to maintain control. There are many anti-US immigrants/young people and we capitalists are their enemies. The war as set up by the left will be between the haves and the have nots. Security is important to remember.
Being a pessimist/realist by nature, I readily buy into the idea that the sky is falling. The points that Dr. Weiss and company have regarding unsustainable sovereign debt levels and the vast catastrophic potential when the credit cards run out seem very reasonable and valid. I’ve invested as if these predictions will come to fruition in the near to mid-term time horizon. However, we aren’t playing on a level field and I don’t claim to understand what kind of trickery the combined central banks of the western world can pull off.
It seems that the US/Euro countries almost have an incestuous relationship and may somehow mutually work a deal that enables this dysfunctional situation to go on for a very long time. One way to go about it might be to move away from sovereign currencies, go for a combined central world bank, and issue world currency that we keep hearing whispered about. I’m not sure what all the implications are if that becomes reality and I may very well be talking nonsense, but I believe something is afoot.
Also, I hesitate to jump too heavily into gold (unfortunately) because if the situation really does go south and people abandon the currency – the powers that be aren’t going to let that happen. The specter of gold confiscation weighs heavily here.
Anyway, at this point inverse ETF’s are my short term investment vehicle of choice with limited exposure to GDX. The last market euro euphoria gave a great opportunity to buy SDOW and FAZ and bargain basement prices. TVIX would have been an even better choice. It gained almost 60% in one day from its recent lows (unfortunately I didn’t catch this wave).
I meant GLD not GDX.
I am worried about the devaluation of the dollar, but don’t really understand how to purchase currency CD’s for an IRA that I presently have. Do you recommend the shorter term currency CD-say, 3mos. over 6 or 9 or 12? I believe that after the 2012 election–especially if Obama is reelected–the dollar will crash.
Should we buy gold now?
First, I want to thank Dr. Weiss, Mike Larson, Larry Edelson, Sean Brodrick, and all of the Weiss team editors. I have learned so much through you folks. You all have truly given me an education over the last few years as I have been reading and studying your material. Second, as to recommendations for the meltdown of the economy, and especially with regard to the coming devaluation of the US dollar–which I believe will turn into hyper-inflation, I would propose doing what many at Weiss have recommended. Get as much gold and silver as you can, invest wisely in commodities in general, especially in agriculture and energy, use ETFs, open bank accounts rated at the top of the Weiss bank ratings list, it wouldn’t hurt to have some Mexican and Canadian currency on-hand, obtain extra food and water for storage, and if you can, move out of the large cities. It’s going to nasty in those large metropolitan areas. Begin small-time farming, if you can. When it gets really difficult to go on, remember, for those who call on our Lord Jesus Christ, He will help them. God bless you all.
Being on SSDI was probably a mistake, but I had no choice…….
– this leaves me $500.00 or so to invest every month. Meds are important also – what do you think doctors will do for the person that requires meds every month, and these prescriptions can only be written a month at a time due to the category they are in (very narcotic)?
I’m moving out of the city, trying like heck to pay off my used car before interest rates take off, and will start stocking up on the essentials described above – and for protection, would a 9 mm work, or if anyone can recommend a good gun, please let me know…?
Also, I’ve been clean and sober for 23 years, so I’m leary about having booze to barter with….any ideas?
thanks for any help…….. (also, since I’m near retirement age (58), should I request my money from the 2 places that I have earned retirement money now (vested), or wait….I know the amounts will be less, but it would be something that I can use to invest NOW)
thanks,
Doug
And I have to get all this, before they cancel my SSDI checks!
the weiss group has opened my eyes in so many ways, i have to THANKS.
you are a great educator !!!
I am a faithful follower but still waiting on the great stock market implosion you have been predicting for months…I bought several of the inverse market ETFs (recommended by your publications) 2-3 months ago and so far I’m down almost 50 percent!!!!
There seems to be a perfect storm of events happening before us. When the stock market plunges it starts by compondents of greed to uncertainty, to fear, to panic, and then the plunge.
I think that our country and our dollar is at risk sometime in the next 2-3 years, but I think you should be more clear about when a person should buy these levered ETF’s. Certanly buying these now is just going to lose us money. The market gyrations make it too hard to get the timing right. I’d like to know the Foreign bank (Everbank?) to buy those foreign currency CD’s. Is buying MLP’s with your IRA money a good plan? I plan to buy another house and rent my present house, so I can have an income of whatever is the current currency in my retirement.
Doctor Weiss has assembled a great sounding of advisers for me to read. It would be greater if they agreed a little more.
I’m seeking information and guidance from any reputable source especially from you Martin because I’m a subscriber to several of your newsletters. I’m also an admirer of NewsMax and Gary Schilling . Reliable information is hard to come by because of all the noise and lies from Wall Street and the Main Stream media.
Martin I’m anxious for your understanding and predictions of the prosects for t the dreded word “deflation” , the one that scares the hell out of the Federal Reserve. Let’s hear from youMartin.
No comment other than the questions I ‘ve made.
Maybe I’m alone in this, but ETF’s are not a buy & hold in my opinion…
There’s a really great site http://etfdb.com/ that allows you to do research on just about any ETF using any criteria you want to use. It’s interesting to note that the YTD returns for the vast majority of both long and short ETF’s are negative.
However they have a place in your portfolio, if you trade with fairly tight stop loss’ in place, you can generally come out on top. Remember to take your gains when they present themselves and DON’T GET GREEDY.
While next year will be worse than this year, the politicians will concoct some bizarre deal to keep pouring $$$ into our economy with the delusion that that’s the answer to our crisis — they’re totally financially/economically insane ! I’ve had my $$ in gold and energy mutual funds and I’m satisfied with the profits thus far. I expect fluctuations but I’m in for the long haul and don’t really need to take anything out as I manage on my monthly income — nothing big, but livable. The way the government operates, I can’t image that between 5%-10% can’t be removed from 90% of the agencies and departments — there’s so much waste, overlap, unnecessary spending that nobody will be hurt with services — everything will be made more efficent because the deadwood will be removed and the remaing workers will have to do a better. So, this crises will eventually make our country more productive with less money though we will have struggles to go through, but there’s no other way in my opinion. Also we should have term-limits with all politicians.
When is the taxpayer revolt and the Pres. impeachment since Sup. Ct. idiots won’t do right. I recommend the Veterans Rally in DC on the 11th to start. Look what can happen when banks try to charge a mere $5 for debit card use. Let’s use famous quote “I’m mad as hell and won’t stand for it anymore.” I really appreciate Jefferson who eliminated bad judges by closing their offices and stopping their pay. A perfect solution to similar politicians who won’t do their duty.
I do own gold and MS-70 silver coins but I have also discovered several recession-proof areas that produce returns of 7-10%. I have utilized these entities for over 10 years and every 18 months I receive a check for my principal along with that mont’s earnings. I can either keep my principal or
Oops, I wasn’t finished. …….or return it to keep earning. I have grave doubts about the market and let’s face it….what banks offer, even on CD’s will hardly keep up with inflation. You would almost be better off burying it in your backyard. I’m not a doomsday-er but these twits in D.C. are heading for the OK corral without any ammunition. Their business sense is a joke but they have ultimate power coupled by a blind and brain-dead media, along with a liberal ovine electorate that loves to be shorn.
I believe that market will not fail before New Year
Just be careful with ETF’s as these are like any derivitive they involve
a counter party who may not be able in a crisis to meet their side of the
bargain.
I rather prefer high dividend yielding shares in say the top
250 and not banks.
I plan on calling up “Chuck” & buying a bunch of Singapore
Telecom.
All this insanity started under Reagan when he help get rid of the Glass/Stiegel act and allowed the banks to go wild on all kinds of risky investments. Each President after Reagan did away with more restrictions on the banks till we wound up getting this mess today. To add insult to injury Obama appoints Barry Sommers on his financial committee, who was the master mind of this mess during George W’s watch. Now the Federal Reserve is admitting that trillions are unaccounted for and we the tax payers are held accountable for it. We need to ban together and demand that the federal reserve be audited and all involved be held accountable, even if it goes all the way to the top(President). These people blatantly abused their power and must pay.
Hi!, America:
One main point upon which we should all be able to agree regards our Congress is this: “No matter who wins the elction in 2012, inflation will be in our monetary system heavily for the forseeable future, due to Congresses’ ineptitudes!” “Inflation will win the election again!”
RUSS, CALIFORNIA
Sir, I was looking for my bank. You do not have my bank on your ratings page.
My bank is Sharon saving bank in Aston pa. It has been around for over 100 years.
Thank You
What I have done is payed off the mortgage, and all loans that I had. Then I have bought both physical gold and silver and the paper type ( ETFs). I have also bought stock in gold and silver mining companies and stock in oil and gas companies. These have been decent investments and although I haven’t made a great deal of money ,I have not lost a great deal of money either. I also have some ETFs that are shorts like EUO and SPXU these have been good paying at times but also quick losers when the market makes a sudden up swing. I believe that the EUO will ultimitly pay a big profit in the next6 months. I believe Dr. Weiss and his group are fairly accurate and for the most part on target. we should continue to listen to their advice and compare it what is happening.
If the Super Committee does not do its jobs or have its recommendations passed by Congress, then my husband’s medical practice will go bankrupt, if his Medicare reimbursements are cut overnight by 30%. Since he is a heart specialist, he, like many specialists, has already seen cuts of 20 to 40%. This, after a decade of constantly falling reimbursements and rising costs. Many hospitals will also go under, and many medical training programs will not survive. Medicare already has announced a 50% haircut for university residency training programs.
In 2009, he had 60 days to deal with 20 to 40% cuts, depending on the service code. He fired one-third of his employees, all highly skilled and valued. It nearly killed him. None of his suppliers – landlord, service providers, or bankers – reduced their costs to his practice. Fine. Soon they will be dealing with a proliferation of medical practice bankruptcies. This year, he earned less than his physician assistant with three years of training to my husband’s 11 years and triple board certifications.
This is what we have learned: The Obama Administration has no respect for capital, unless you are a TBTF banker. (Glad we did not own GM bonds, an early warning.) You will see health care access contract, because no doctor in his right mind with $200,000 in education loans and malpractice premiums, will take on the risk of bank loans to open or expand practices. Cutting people severely overnight demonstrates this lack of respect for capital and its risks and responsibilities, and in this case, no respect for human life. While Obama preaches that no services will be cut to Medicare patients, he is lying. Last time I checked, the Post Office could not provide medical care. Doctors do. Last year, 50% of heart doctors quit or joined hospital staffs. Many will soon be fired because the hospitals will be in deep trouble and will not be able to pay salaries. Thousands of hospital employees will be fired. Further, the government is already promoting bogus studies that urge the restriction of certain procedures and medications to people based on their age. The WSJ had an article about surgeries in the last year of life last week that explained how the studies are manipulated.
So this is what we are doing or will do: He will fire more employees and service providers. He will not reinstate 401Ks and may end health benefits.He has cut his rent in half. He will never borrow a nickel from a bank again.We have eliminated all debts and refinanced our mortgage. Investments are in corporate bonds and CD’s. Be careful with GLD. Many hedge funds and countries may have to sell gold reserves to pay for debt. Great Britian did this a long time ago, at the bottom of the market, unfortunately for them.
Finally, if you need a joint replacement, get it done before you reach Medicare age or you may be out of luck. (Just visit a British nursing home to witness the spectacle of cognitively sharp seniors who are wheel-chair bound, because the government won’t pay for surgery that would make them productive.) If you need cataract surgery, get it done now. (In Great Britian, they will pay for one eye but not two eyes.) Donald Berwick, who heads Medicare (he is a pediatrician), is a great admirerer of the British System.
Should I buy Silver or Gold or both? What ratio? What about the ETF’s: SLV, AGQ, USLV, GLD, UGL, UGLD, GDX, and SLW? Is ETF’s ETN’s safe? Should I have both physical as well as ETF’s?
Thanks in advance?
Can I please take a look at your blogs
may be to late for silver or gold, time to buy lead as in bullets!
learn to garden & store water,don’t count on the government for anything, or your broker, banker, grocer,or anyone else. we are all in this together with obama’s change, enjoy each day until the next shoe drops.AND PRAY FOR OUR COUNTRY & YOUR SAFETY & SURVIVAL.
I think you should tell the whole story not just a half story.
The Super committee can and probably will extend the deadline date
The committee can pass a resolution that would move the November 23 deadline back a few weeks (or more, if necessary). That resolution, provided that seven of the 12 members agree to it, would be sent to Congress. Once there, it would be granted the same parliamentary benefits enjoyed by the recommendations the committee is supposed to produce — meaning it can neither be amended nor filibustered.
I think you should tell the whole story not just a half story.
The Super committee can and probably will extend the deadline date
The committee can pass a resolution that would move the November 23 deadline back a few weeks (or more, if necessary). That resolution, provided that seven of the 12 members agree to it, would be sent to Congress. Once there, it would be granted the same parliamentary benefits enjoyed by the recommendations the committee is supposed to produce — meaning it can neither be amended nor filibustered.
What are the best ETFs to invest with in this currency opportunity ?
Test
DOW puts
Getting out of the sTALK market in September of 2007 around DOW 14,000 or there about, I see more Pain being in now than 2007, or even 1987, since economies of the world run on employment not printing presses. Goverments are bankrupt, comsumers are tapped out,
corporations are maxed out, with cash, and once take over is being done, more of the work force join the coffee houses, called Java indicator, as we like to see Joe Six pack at work.
recent MF global lay off of 2,500 employess with it’s multiplier effect = 10,000
today’s Adobe’s 750 layoff, = 3,000 more, to be hired in chindia, not in our back yards…
“thieves need a caotic market” and they have one, as every1 is on board the 777 dreamLInEr
My target date for the drop was Thursday, November 10th, plus or minus one day, it came a day sooner, based on Technicals, Fundamentals and Astrology, the icing on the cake.
we are not out of the wood$ yet, as jungle burns, wet & dry burns, Magin clerks are working around the clock, some safe havens may not be as safe as what everyone thinks, the show will go on, Fasten your seat belts, HELLp is on the way as Jefferson county annouced $4 billion bankruptSEA, is Damino an Italian word?
Hello,
I just viewed Getting a Leg up on Wall Street by Kevin Kerr.
This is an excellent and accurate report on the truth about
the lack of ethics on Wall Street and Government. It is also
the most accurate report on what the Occupy Wall Street
group is about.
If you know where the lack of ethics are you know where
not to invest.
Steve
Well, how will a downgrade of the U.S. or Euro Zone affect business? That’s the question.
Sure, investor sentiment will flounder, but a company like Apple making money is still going to make money.
Virginia,
Good write-up. My understanding is that the super committee will concentrate MORE on entitlement cuts, not blatant goverment wasteful spending.
That is crazy logic on their part when there is $40 billion dollars missing that was supposed to go to rebuild Iraq. Then again, if the government doesn’t spend, there will be no economy – possibly, but their dollars should go to rebuilding the U.S. economy, not China.
Hope all works out for you.
Martin, back in 2004 you shared with your readers some wisdom your father shared with you entitled “Seven Tough Lessons”. This wisdom was born out of many years of studying how people and governments reacted to economic challenges. I just re-read that piece and would like to recommend that you share it again with your readers. His prescience about how our government would respond to the current economic turmoil is astounding!
Martin,
I am listening (as I have done several times before) to your Financial Armageddon piece and you discuss how foreign treasury holders are dumping treasuries. Yet, reviewing the treasury holdings website (http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt) indicates foreign treasury holdings have increased year-over-year Sep-10 to Sep-11. I believe this is happening almost entirely due to the European debt crisis as the U.S. still looks like the best haven in an otherwise ugly world. What are your thoughts in this regard?
Question 1: I noticed your recent downgrading of J.P. Morgan Chase so we are thinking of switching to another bank close by, i.e., the U.S. Bank in Clackamas, OR. Can you tell me if that is a wise move? I put watchdogs on all the banks we are or have been using.
Question 2: We recently refinanced our home to a 30 year fixed rate at 4.5%APR. The only bank that was willing to service the loan was FlagStar. Today I read that Quicken Loans is advertising a 30 year fixed at 3.99%. What should we do?
Thank you for the mention of the YELLOW FRINGE on the American Flag! It tells me I am not alone in understanding that we are under Maritime Martial Law and 99.9% of Americans have no clue even in the information age of the Internet.
Quicken Loans is a company that sold a lot of “NO Principle” loans so the payments looked like they were a bargain. The downside you paid interest only and NEVER accrued any equity. I would NOT TRUST them with the my dog’s food bowel!
Correction I meant “Interest Only” so you paid only the interest it really suckered a lot of people that thought they got a low payment and may never have realized they would not build any equity at all.
Hi Martin and Mike,
Does Weiss Research and Ratings Agency have any plan or do you currently have risk assessments on the different brokers. I know you guys would have seen the MF Global meltdown way ahead of time. Who is next and how can you share this knowledge with us. Is CME, R.J O’Brien, or any other clearing house on the edge. What would be a goldmine for us would be a list of Broker and Futures Merchants with your A B C D E F ratings with any outstanding highlights.
Thank you for your continued wonderful service
kind regards,
Matt
I’ve followed your writings for many years and followed your advice as well. I’m aware of the negative reports of SEC findings on your company and your payouts of same. Even tho my investment results were not positive, I do believe you have vital information we all need to hear. I also believe when folks take a strong position in comments about out government, the repercussions can be immense. I will continue to read your material and seriously consider the advice. I do wish your recent pamphlets were available in print form, so much better to follow and file. Thank you
I’m disappointed with Weiss service. I, like norv, have not had a positive experience with the Weiss investment recommendations.
I would be embarrassed to keep crying wolf so as to get subscriber’s money. The $486 deal to cancel a subscription really insults the intelligence of your readers.
How low can you go?
Martin,
I am somewhat disappointed in the frequency of advertising for elite membership. I know that you need income to survive, but I know that many of us cant throw cash at your “insider club.” In some sense this seems ro be a betrayel of your basic premise to help your general members to survive this crises. – Advertise yes, but bombard us with ads we cannot afford and that give us a sense of being left out in the cold, no. Please cool it.
Bert
Trying to find the latest website for the infomercial that is a warning of things to come in 2012
Shouldn’t be too hard to find all the advertiesments.
The market is sure doing well for a doomsday outlook. I suppose it’s a timing thing. The big crash will come eventually, I guess. M&M has been warning us for 2 years it’s coming. Maybe one more year?
All the ads say “a value of $xx,xxx”. How do we know what the value is? Then there’s that buying back of a subscription.
Kind of like “free for a $1.00″.
They have the right to delete any inflamatory comments – i.e., you have to agree to not disagree.
Your latest email:
From: “Money and Markets”
To:
Subject: 2012: Worse than 2008!
Date: Mon, 19 Dec 2011 07:33:01 -0500
has an ad for Money and Markets. There is no subscribe button at the end of that video!
cannot do it as after an hour of the presentation they would surely be angry!!
It merely shows an arrow to where the subscribe button(s) should be.
I had wanted to send the video to some friends, but after an hour of the presentation, they would surely scream!!
Let me know when this has been corrected.
Bernie
This article from CNBC bodes well for the U.S. economy. American businesses are buying up European assets. Doesn’t sound all that bad to me.
http://www.cnbc.com/id/45789834
The world is coming to an end in 2012 anyway, so why worry?
President Ronald Reagan said we should never confuse the market with the economy. I hope that is true because my gold holdings go down every time the market falls. What happens if Armageddon comes upon us? Is the gold lost or does it reverse and save us?
The world is snapping up US treasuries at auction for 0%, factually negative, yield. It’s hard for me to imagine the flight from Euro to dollar changing to flight from Euro and dollar to some other currency. China? Really? Japan. India. Brazil. I’m missing where the money goes when the last creditor cuts us off…After the panic, when the US government cannot borrow, cannot spend more than it takes in (half of what it spends today at best), the consumers in the US at 70% of our economy cut back their spending, it seems to me you have to make up the difference with cheaper exports, via weaker currency…or fire sale. But this supposes buyers at some price in a world aflame. The hyperinflation apocalypse painted is the opposite of what happened to Weiss’ dad in the Great Depression: why doesn’t this crash lead to deflation? Worldwide deflationary depression. I’m new here so be gentle–what am I missing in this equation?
the Euro is being “held up” by the IMF. It is a house of cards, and it will fall, most likely in the next year or 2 latest. When no country wants to buy their debt, the government has to quit spending, and their euro should disinigrate into several currencies dependent on the country in question.
There are 2. Weiss and Stansberry & Assoc. listen and weep.
Hi Mr. weiss! You were on the phone the other day and I was flying out the door and couldn’t talk!I hope it was just a recording and not really you!I’m one of the small groups of people who invest well,loe no money but because of family circumstaces have no money!I had a 401k at work and learnd how to move my money around and did well with it…i pretty much just paid attention and listened to what all of you experts were saying!After 911…all the experts were saying…bonds,bonds,bonds…sooo I went in my 401k at work and clicked on move 100% of my money into bonds an I made 12%…I told te whole office how to do it and few folks listened and took the time to move their money..In the year 2000 the experts were saying move 1/3 of your money into precious metals…my 401k would not allow me to do it so i just invested in safe things like guaranteed interest…when my mum went blind in 2007 ,I had 30 years with my company and was able to take my pension out n a lump sum…I decided to roll it over into a precious metal ira because of all the bubbles ready to burst and I knew an implosion was imminent…it took over a month to move the money by then gold went up from 760 an ounce to 860! I remember the recession in the 1970’s andknew gold and silver went up back then sooo it looked lik it was happening again…I told all my friends who left th company also but few listened…why would they?It hadn’t been a good investment for years…the avg. loss for meveryone was $80,000!!!My husband of the time moved out when mum moved in fo the 3rd time and I didn’t get a lawyer because I wanted to stay in the house with mum…so needless to say I went through all the money in 4 years paying off bills,paying all of our bills,and trying to start my own business…i have a dnb # finally and everything but it’s hard to get the financing…an ven more impossible to get a personal loan…So here I am,mum just passed away,i’m broke,no husband…so I’ve applied everywhere for a job and even sent a reseme to my old boss to try to get into verizon fios repair where I would have been today…my old coworkers don’t want to do the job but I like learning something new and the pay is decent…I figure if Ifinally have my whole paycheck and invest it evey week I can get my pension back and still retire soon…It would be the year 2012…i so want to stay home this winter,reflect over mum…write a book/movie,paint,do photography…i want my pension back!Anywy I made misakes so here i am…my husband only made 6.00 an hour when I married him and i got him up to 60,000 a year!Thnhe couldn’t be a mechanic anymore so I gave him the rest idea and he gives me no money,he’s doing well in another county! I even gave him airplanes to hang from the ceiling to giveit character!the question you asked sir was…where to invest in a volitile world where wars may be on the horizon,and the straights of hormuz could be temp closed!(it had better not happen)If I had my money I would stay in metals (mostly silver now),invest in all commodoties,foods,water,also oil,facebook stock,some online companies…any “war” companies that build planes etc I guess sorry to say…bye bobbie
President Ronald Reagan’s administration (I doubt that he personally knew what was happening) signed into law the tax on Social Security. That’s right. Social Security benefits are taxed like income. Not all of it, but enough to diminish its value.
During the Clinton administration, ol’ slick willie raised that tax on Social Security.
Therefore, Social Security is taxed 3 times throughout its life. And least we forget that Reagan raised taxes 7 TIMES. Check it out.
Shame on him.
While I’m at it, what happened to Claus and Marty Argua (sp)? I recall the doom and gloom they were predicting last year and perhaps the year before that. I guess they guessed wrong so now they’re not guests anymore.
I see there are two new ‘flavor of the month’ additions.
I’d be afraid to dish out all this doom- n- gloom for fear someone would actually believe it and could possibly take their life.
Join
as a subscriber,ilook foreward to this.
Please send me a E-Mail notice on your investment program on January 12 th. A E-Mail I can click on to view your discussion.
Thanks, Marv Schuen
I read this opinion on another website. Where do you post you portfolio track record with dates bought and sold and prices paid and profits or losses of past stock pick winners and losers?
Posted by Weiss Sucks on Apr 14, 2011 @ 8:47 pm
Pimps and whores is the best way to describe the Weiss team. They will pimp you to death on their doom and gloom services and rob you blind in the process. They could care less about performance.
My advice is to never, ever, ever invest with a Marty Weiss, Money and Markets, or Uncommon Wisdom newsletter.
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Obviously this blog is not being monitored, let alone any replys to the comments.
I say “shut’er down”!
thnx
i’m glad this blog is here.
how do i report fraud in board of governors of a corporation?
thnx