Deadline to protect yourself and profit: TOMORROW!
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This morning, we learned that the real estate crisis — the meltdown that triggered America’s economic nightmare — has just entered a catastrophic new phase:
April housing starts and building permits plunged to new all-time lows. Duplexes and other multi-family housing were the hardest hit, with building permits falling 19.9 percent and building starts collapsing a mind-numbing 46.1 percent!
Meanwhile, the crisis has now spread to the commercial real estate market, threatening the very existence of every bank and other financial institution that holds corporate mortgages and leases.
MAKE NO MISTAKE: There can be no end to this crisis and there can certainly be no long-term rally in stocks with the U.S. real estate industry still reeling … with mortgage defaults still soaring … and billions of dollars in bank loans still turning sour.
This is precisely why …
I’m hosting a COMPLIMENTARY EMERGENCY BRIEFING
to help you protect your wealth and profit
THIS THURSDAY: Click here to register FREE!
As I said in this morning’s email, Thursday’s complimentary emergency briefing may well be the single most timely and crucial event you’ll attend this year.
The simple truth is, we saw this crisis coming and began warning you two full years in advance.
We urged you to dump your stock in GM and in our largest banks before they plunged as much as 90 percent in value.
Every step of the way, we’ve urged you to consider contrarian investments that skyrocket when stocks plunge.
And every step of the way, Washington and Wall Street scoffed at our warnings.
Now, even as the debt crisis that triggered this great bear market continues to grow more severe, politicians and brokers desperately want you to believe that the recent bear market rally in stocks signals the end of the crisis.
Are they right?
Or are they WRONG AGAIN?
Everything you’ve earned in a lifetime of work and investment could depend on getting the answer to this all-important question.
That’s why I’m hosting our must-attend emergency briefing THE DAY AFTER TOMORROW — to make sure you have the answers you need to make better investment choices in the weeks and months ahead: Frank, honest, unhedged answers completely untainted by Washington or Wall Street spinmeisters.
In this emergency event, we’re going to make absolutely sure you have everything you need to confidently protect your wealth and profit.
THE DATE: This Thursday, May 21
THE TIME: Noon, Eastern Time
(9:00 AM Pacific, 5 PM GMT)
THE PRICE: FREE — just click this link to register now!
In this fast-paced, one-hour, online video briefing, I’ll bring you quickly up to date with the latest dramatic changes that pose grave new risks — and open great new opportunities — for every dollar you have invested, including …
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The Perfect Storm; Your Profit Opportunity of a Lifetime: Why THIS moment in time presents you with the opportunity to grow your wealth faster than most people can possibly imagine …
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The Deadliest Blunder Any Investor Could Make Now: Investments nobody should own — let alone buy — at a time like this. HINT: They virtually guarantee massive losses throughout the rest of 2009, 2010 and beyond.
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Wall Street Betrayal: How big mutual funds, financial planners and Wall Street brokers have dumped pure garbage into your portfolio.
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Seven Shocking Reasons Why The Greatest Blood-Letting is Still Ahead: What America’s largest corporations do NOT want you to know about their prospects for success in this environment.
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NEWS FLASH: Corporate Insiders Are Dumping Their Own Companies’ Stocks Like There’s No Tomorrow! The startling “insider secret” that gives the lie to this new wave of corporate puffery and PR.
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Washington “Stimulus” a Massive DUD! The truth about the government’s much-vaunted “stimulus” spending — why it can’t possibly buoy the economy; why it’s only making the crisis worse.
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The Ticking Unemployment Time Bomb: Think we’ve seen the worst of layoffs and soaring unemployment? Think again! Compelling evidence that the biggest layoffs — by far — are still ahead!
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Brokerage Deceit: Why many of the investments they tell you are “safe” — “too-big to fail” banks, “insured” municipal bonds, and junk bonds masquerading as quality bonds — are little more than ticking time-bombs set to blow your portfolio apart at virtually any moment.
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HEADS UP: Bear Market Windfalls Ahead! Precisely how this bear market gives you hundreds of opportunities to make money more quickly than virtually any bull market. Six types of investments that make that possible immediately.
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The “Ten Commandments” for Bear Market Profits: My complete checklist for making money in times like these — the rules I follow to determine what I’ll buy or sell, to improve my timing, to lower my risk, and to boost the profit potential in all markets.
This must-attend briefing is FREE
and registering takes only seconds …
Just click this link to tell me you’re coming and to make sure we can get you the instructions for attending.
And when you’ve reserved your place, please also click here to leave a comment — and tell me the one thing I can do for you at this event that will help you most!
Good luck and God bless!
Martin
{ 94 comments… read them below or add one }
Mr.Weiss thank you for your honest advice. I donn’t know what’s wrong with this market… Though the new record low housing data market is going up. Just yesterday market has gone wild due to the Indian market hike.I donot know how Indian market is related with US market. Even Indian market reacts immotionally because of there election result. I am believer of truth, I’ll keep my inverse ETF’s like ‘FAZ’ no matter how far it goes down.
God bless us all
Really appreciate what you are doing.
Question regarding Schwab US Treasury Fund. They now seem to have higher percentage in other instruments than in the past other than Tbills. Is this still a safe place?
Mr. Weiss,
Something has give at some point with Goldman Sacs and JP Morgan Chase. The are claiming they can pay back the TARP money but at the end of the day that money is nothing compared to the high risk derivatives Goldman and JP have tucked away that most people are not aware of. JP is even stating that they believe they can increase their dividend next year. I am going against the grain and taking a deep out of the money put position for Jan 2010. The other shoe to kick the financial’s in the arse should happen before November.
Martin,
Thanks for all your thoughts & advise. I need income from my investments and currently obtain it from a portfolio of MLP’s, utilities and notes issued by utilities. Any thoughts on these investments going forward would be appreciated.
thanks
All my money is in IRA’s and I dont know how to participate in the contarian types of investments because i dont want to take my money out so I will be taxed on it as income. Do you have any suggestions
For those of us who are in our late 80’s and whose goal is preservation of capital, and whose tolerance of risk at this stage is virtually nil, what is our best approach? We do not wish to become burdens on our children, and if possible would like to leave them some inheritance.
I have cashed out the remainder of my IRA that was in sector funds and have a few weeks to decide where to roll it to. Are you still recommending the individual stocks from your book along with the ETFs?
I’m afraid,from here in England UK,that I am standing in front of a freight train unable to move.I moved my savings to US T Bills in Oct 2006,our UK government aided by the City of London has debased the pound by 25% since then.Now Mr Obama is acting like the UK on steroids hoping to debase the Dollar without anyone noticing.These are all powerful forces,so what are us individuals to do,whilt the Neroes of this world add gasoline to the flames?
I seem to live in an Augean stable of deceit.
Are GNMA bonds and Funds safe. I plan to buy $150,000 VFIIX.
Dr. Weiss
I would be interested in hearing how, if in any way, the Chinese are successful in shoving the dollar off its global pedestal, this would affect your strategies. This intrusion would certainly affect Treasury Bills and their relative safety of today. It also has major ramifications on currency trading strategies. I’m concerned that the Chinese, in their unique patient way, have embarked on a strategy of “small steps” and are laying the groundwork for at least an Asian regional foothold for the Yuan.
Why havnt you or others flood the news media and tell the American people that the insurance giant AIG has all of the pension money and retirement portfolios of all of our US Senators and Congressmen ? No wonder they keep bailing these assholes out ! Get this information out to the general public!
Martin,
How safe are my AA Muni bonds (uninsured G.O. and high quality revenue – Mostly NYS and NYC)
Mr. Weiss, I really enjoy reading your daily emails. I only wish I could put your advice to use. 18 months ago I got spooked and moved all my money into fixed income and I am so glad I did. No great growth here but I did not loose any so far. My problem is that I am 56 years old and my retirement savings is all tied up in my companies 401K plan through Fidelity with limited options. I want to make money, not just sit in fixed income. I only have a total of 6 to 8 options in Large Cap, Mid Cap, Small Cap and Growth with 1 Bond fund and 1 Fixed income fund. How can people my age in this situation decide the best option(s) to put our money in with the limited choices we have? Each option (except the bond and fixed income) does show the % invested in the various sectors.
Thank you for any advice you can give.
I would like to buy double inverse funds such as SDS and SRS in my IRA to balance risk and make money in market downturns. However, my broker(Raymond James Financial )wont let me because they consider these funds to be “TOO RISKY”. I am authorized to sell call options and also sell put options in my separate trading account, so I am not a neophyte.
Do you see any way to educate Raymond James so I can handle my money the way I want to, or is my only solution to move my accounts to another broker ?? Do you have any suggestions for brokers who do not assume everyone is an idiot??
I have an IRA with ING, what should I do with it? Afraid of loosing more money for my retirement.
Also have bank account with Bank of America. What be the best place for us to invest in to protect our assets? We are planning to invest in Government securities and using a major part of our funds as per your suggestions.
Are FNMA Funds still the highest yielding Government guaranteed funds at 4.6 % ? Why buy 1/2 % short term Treasury Bonds if the USA under Obama cannot pay either ? Or mabey we should just speculate on foreign currencies . Won’t Money market funds soon flood VFIIX and drive the total return above the present 7% ?
Martin:
You have mentioned many times that commercial RE is now heading for a fall, and from all thta I can see it is. Why has the ETF – SRS not performed? It is now near its low, rather that increasing in value as the commercial RE market is falling, since this is an inverse ETF.
Please comment on this.
Chuck Keough
As a very small fry,,$5k cash in portfolio I feel my only option is
option’s and/or ETF’s. Am I correct in this?
thanks,
Jack Lovett
In residential RE, the moritorium on foreclosures is now over, and many of the ARM loans are resetting which should lead to more forclosures, why are more people talking about this problem? How large is this in $ terms?
Chuck Keough
placed large savings with UBS in insurance account. was not aware at time that I would not have access to this when turning 60. I was shocked when I found out that it would be distributed in small amounts yearly. What can my husband & I do to have access to this money without paying large penalties? We were also shocked when we found out we had paid our finance advisor a very large commission out of our own money.
Although this question may be premature and way in advance, what are the true early market signs that will signal the bear market is ending and it is time for a new, sustained bull market to begin?
Me also, if you have only 5K and less what can you go – just sit and watch??
What about the person who has even less.
What do you know about Dendreon? It has a drug product that they want to use to help cancer patients. I understand that the FDA fail to approve the use of the drug, so where do they stand now? Is it a safe company to invest in. From my research it seam that it is a company that has a future place say buy and hold 3 to 5 years followng the index providing nothing happens.
Do you have any specific advice that will help Australians trading on the ASX ?
Martin,
Please comment as to whether the S&P 500 is now actually trading (based on current, not multi-year averaged PE ratios) at 131 times earnings? Is this another deception?
Thanks
Martin !
Since the Bear rally on wall street continues unabated inspite of a shrinking economy of 6.1 % in Q1/09, UPS losing 1-2 Bill. in Q1, GM blasing throug a loss of 6 Bill. without any effect, what makes you think, persistantly, that a re-collapse is in the cards ??
WS react with a rally on a positive 1Q result from LOWES and the wolff (Goldman sachs) predicts the other wolff pac are on solid recovery ground !!!
Regards
Herluf Johansen
Housing numbers were horrible. To play devil’s advocate: One large problem of housing is the number of houses (from foreclosure…) for sale, putting downward pressure on the prices which reduce equities, increase bank losses… So, reduction in new homes, permits,… should be a positive sign as that would help with inventory reduction. Right Martin?
Dear Mr Weiss: I would like you opinion of investing mutual funds that are held in Trac programs.
These program’s allocate your money to several top sector’s funds and charge a 1% fee to maintain the asset allocation’s in the top funds of each sector.
Is it better to select your own funds in a discount broker account ?
Will a discount broker assist you in determining the percentage of your total investment that should go into each sector and when you should shift investments.
Thank You for keeping us informed.
Thank you and your staff for keeping everyone informed-great information! Thank you for busting your chops with the bad guys-How might I learn about ETFs to spur others into this?
ok i have been sitting on the sidelines for quite a while now
money is in brokerage accounts making minimal interest
was about to get into bonds and preferred for income we are srs
so how about addressing that subject in your coming writings
Martin, Where is a safe off-shore place to park an emergency fund?
Thanks Martin. I really like the information that you and your team are making available to those who are interested. I also really like that you don’t follow the crowd. There has been a ton of questions from those following your advise, everyone wants to know what do I do? Were do I put my money? Where is it safe? etc.
I know you cannot answer every single question that is put to you. I would like to inform your readers that there is other material out there that very much supports your views but uses demographics to explain much of the turmoil and chaos we are seeing in the markets today ( not just stock market). Remember that Depressions are part of the economic cycles.
I would like to recommend that your readers pick up a copy of “The Great Depression Ahead” by Harry S. Dent Jr. Check amazon. Dent is saying the same thing you are. Your readers may find it interesting that it correlates very well with your views. Dent also recommends cash and money markets in these uncertain times.
According to Harry Dent, we are just at the start of the Next Great Depression. Yes, Gold and Oil (maybe $150 again) will go up in price and that bubble will busrt again and be the trigger for the next big dip, but that could be anytime from mid 2009 to late 2010. Watch oil and gold. But don’t hold Gold for the long term as it is likely to come down again after the big dip ( next couple of years or so). Taxes will eventually go up (someone has to pay for all that stimulus $) and so will inflation. High inflation will not last long according to Dent. Talk about a double wammy. According to Dent, You ain’t seen nothing yet in the Real Estate drop or in bank and business failures yet. 2008 was just the appitizer.
Noone has the absolute knowledge of how things will turn out but both Martin Weiss and Harry Dent give us great clues into potentials posibilities. Dent’s book is a bit technical (lots of charts) but he summarizes the important parts over and over. Excellent read for anyone wanting to know another view point. There is lots in the book about how this next Depression is going to affect Americans (mostly) but it also talks about every other countries too. No country is going to have an easy ride. US and UK are going to have a hard time because they are in big, big debt. “BUY NOW, PAY LATER” slogan is running out of time. Time to pay the Pipper.
Remember reading Dent can be just as shocking as reading Martin Weiss but sometimes it needs to be so to wake us up a bit. The truth is usually felt as shocking before it can become healing. Happy reading. And thanks Martin and team for the great updates.
Dr Weiss, I would like to thank and congratulate you for being one of the few people in America and possible the world who is trying to make a difference by telling the truth rather than sugar coating the current economic melt down.
I have been following your newsletter daily although I am an Australian citizen living in Australia with no exposure to the US market. While Australia does not appear to have all of the same problems you have outlined there is no doubt we too are in for tough times and I am sure we will feel the shock waves from the US melt down.
My question is how much of the recommendations you make are able to be applied in the ASX or is our economy too far removed? Is there a way to directly apply your contrarian types of investments here in Australia. Thank you.
My husband and I look forward to your emails. What is your take on what will happen with the credit card companies now that the new limits were voted on today? Thanks.
Do you know of any independent advisers in the Toronto area who are on your wave length and whom you know or consider to be highly principled, who are willing to make recommendations to those with under a million in assets?
I would prefer to pay someone for hourly consultation or for a percentage of gains, but not losses.
please name some etfs that will be good for the crash coming!!! thank you.
foreclosure…..how to cope…….what to tell/expect from bank (Chase Bank, Fannie Loan holder…..7/1 interest only arm resetting in 6 yrs)
How is it you think anyone can listen to a program in the middle of the workday?? That is 11:00 central time and I am busy at work. But if I could listen, I would want to know about Crystallex (KRY). My son invested quite a large sum into this a few years ago– based on recommendations from that idiot on TV (Kramer). I was shocked as my son is ultra conservative with his money. The one huge mistake he made. Otherwise he has done well I think.
On the other hand, my husand is retired (from State Farm), so they manage the 401K–I am still working and have a small 401K. Hoping to go part time in a year or so, maybe retire in a couple to 5 years. Not sure anything you talk about is pertinent to my situation. I don’t have thousands of dollars to invest. Too afraid to do anything. Don’t know whom to trust. I only signed up for your newsletter because my dad always took it and I think trusted your advice. He did extremely well.
We have a 2 million plus portfolio and it is almost all in Money Markets and some in bonds and munis. We are afraid to do anything. It is sitting thee geting no interest and yet we are afraid to jump back into anything. What should we do????
Please talk about what to do with gold shares and ETF’s
Janko
Mr. Weiss, you (and your dad through you) are a breath of fresh air. Please, sir, suggest to us the best way to deploy the remaining balances of our battered holdings to best take advantage of the coming crash. I have no doubt it is coming, but my primary concern is timing and secondly, what instrument(s) and strategies are best used to take advantage of this upcoming fall off the cliff.
Thank you . . . Jerry
I read your book and it’s great!!! I have shares in USAA GNMA trust USGNX, I noticed it didn’t go down as most of the stocks did at the end of 2008 and even made profits. Do you think it is still a safe investment or should I get rid of it? How about short term bonds like USSBX?
You have addressed the problems with banks and indicated troubled, risky and those that are OK. I have my money in a Credit Union. As far as I know three corporate CU’s have failed. So far I have not been able to find any sort of rating web site for CU’s. The NCUA site as far as I can see does not have any ratings. Would appreciate some direction.
Please explain why the Fed’s inflation of the money supply that started in early 1933 and propelled the stock market bull market rally back then will not do the same now in 2009. Seems that the fed’s aggressive expanding money supply may have a similar effect today.
thanks
Please address US Saving I Bonds as to their safety. I’m interesting in protecting princiipal even though I loose some gain.
Thanks Bill J.
What should I do with I bonds issued in Oct. 2001 with a fixed rate component of 3.0?
DEAR MARTIN
As i live in australia at this time my investments ar gold and silver ,with the perth mint ,Maybe it would help if i had some idea where the australian dollar will go over the next 2 years , thank u and your staff for the help . You ar the best, god bless
kind thoughts trevor
Hi Martin,
I realize the U.S. is the big market but it would be appreciated if you could perhaps also indicate & perhaps describe some Canadian equivalents to the U.S. ETF’s you often mention.
Thank you.
I am a forex dealer who deals my own account. I have cash balances of approximatly
640,000 and only really require 150,000 for my trading activities. The rest is largely uninvested for the simple fact that I have no time to look at other markets and do not trust money managers. How ever your articles on the safety of the major banks have me scared especially the possibility of a banking holiday. IF I was to loose access to the money my whole families lifestyle would be compromised. I do not like to entertain fear continuosly so I would welcome your views on the idea of disaster case nest egg provisions, thank you.
How do you think communications like AT&T, Verizon; JNJ, P&G, energy pipelines, KMB, and similar large well capitalized and defensive higher dividend issues will hold up going forward?
Thanks.
What will be the best plays for the coming wave in commercial real estate foreclosures?
Rumor has it that the IMF will be selling a major amount of gold soon. ANy insights?
WHen we have another major pull-back, do you think the rest of the world will follow suit again?
Thank you.
i am 59 and own no stocks, have a total portfolio of approximately $ 150,000.00 with 50,000 cash… house equity not included in 150,000 figure. how would you suggest i use or distribute the 50,000.00 thanks mike
The average investor must be completely confused caught between “Green Shoots” (the new buzzword) and doomsday scenarios…
But: What to do now to profits from a bear market? Is it long gold, short equities or probably short long term yields (even with the Fed’s quantitative easing power)?
What does the future of Life Insurance companies look like? (I really dont know whither to put a question mark or an exclamation mark!)
RE: GENERAL MOTORS COLLAPSE, MONEY AND MARKETS ARTICLE, MAY 18, 2009
Martinho, (Martin) once again I am totally in awe and amazement at your great true prophecies…hey, you are in the same category as Jehovah’s true profits of the past, Ezequiel, Daniel, Zephaniah….only in modern 20 & 21 century finance…..How you have the courage and guts to say it as it is…How you are fully awake and on the ball whereas the rest of the world’s financial analysts, media and politicians are dreaming in cloud nine deceiving the public with pollyanna’s and rosy lies…how you face reality…and how you tell the naked truth with absolutely no prejudice, no presumptuousness nor pretentiousness.
The US government has totally squandered 40 billion dollars of the taxpayers money in the last four months, wrongly thinking they could save GM and Chrysler…The biggest unprecedented US government fiasco in its entire history…and you correctly foretold last December that this 40 billion dollars help package for GM and Chrysler would not prevent their failure…Big kudos for you Martinho, big shame on the feds….and you also are absolutely right that this latest Obama stimulus package, when you wrote – quote ” > the Washington “Stimulus” is a Massive DUD! The truth about the government’s much-vaunted “stimulus” spending — why it can’t possibly buoy the economy; why it’s only making the crisis worse.” < unquote.
Mr. Bush, Obama, Barnanke, “Treasury” Secretary media and company, enough bullshit, enough spinning, enough deceiving and lying…the crows are coming home to roost…its about time to face and reckon with reality.
Martinho…you truly make my day and night when I read your columns…
Please keep up with your excellent work !!!!
Martin hi,
My question is somewhat similar to Rob Reeves’. I live in Canada, and all US financial institutions have so far turned down my account applications as I don’t have US residential address. Also, even if they agreed to open a brokerage account for me, I still would not be able to have tax-sheltered accounts in the US. In my canadian trading account I cannot trade US mutual funds, only canadian traded on TSX (although there are plenty of those as well, including funds that track some US indexes and sectors). Most of investment strategies and ETF’s your recommend in your newsletters (as well as in your book) seem to be out of my reach directly. Although I could find canadian ETF’s analogous to some US ETF’s, they are still in diapers, and some of them are traded in ridiculous volumes (like $300 a day), and do not seem liquid enough to invest safely. What would you recommend to folks like me?
Thanks in advance.
Hi Martin,
When do you think this financial disaster will be complete?
where do you see the dollar going from here???
In your book, you talk about a strengthening dollar in a time of crisis. Your basis for this is how the dollar strengthened during the Great Depression. Isn’t this time different as they dollar is not backed by anything other than massive spending, bailouts and consumer debt rather than gold and productive capacity. Is holding USD more risky now compared to the Depression? Do you think there is a change the dollar could crash and wipe out savings even if you have them in T-Bills? Should we be buying more than you recommend in precious metals and foreign currencies? Thanks for all that you do.
The biggest help to me would be for you to tell us exactly when to buy USTreasury bonds.Should they all be long term? Any intermediate term? How long do you estimate until we should buy dividend paying value ETF’s?
Thank you.
Martin,
I am a subscriber to your newsletter and avid reader of your daily postings. I understand and agree that the market is uncertain, the dual of deflation vs. inflation is a challenge to predict. I believe it is ineviable that we will hit an inflationary period, could be a year out but with this bear market rally is it wise to sell a current Mutual Fund I am holding? The fund is VGPMX -Vanguard Preciaous Metals and Mining. I assume in a inflationary period commodities would increase in vale, but during deflation they sour. So I am now sitting at break even with the fund. I have watched it drop over 55% and held on, now it has increased by about 15% and I am at breakeven. I am just not certain if it is a worthy fund to hold onto during this uncertainty.
Please let me know your thoughts.
Thanks,
Chuck Wacker
DR. Weiss, Please sir explain to me how John Deere Stock could be shooting straight up verticle this morning ( up 7% so far ) when the company just announced that business was horrible ? I have watch U.S. Steel, Catipillar, Boeing , Sears and others rocket ever higher over the past weeks. I am reminded of the feeding frenzie in 1999 when fundementals were cast aside. What to do?
MARTIN:
WHAT IS THE KEY TRIGGER TO LOOK FOR IN DETERMINING WHEN TO BUY INVERSE ETF’s THAT WILL CAPITALIZE ON YOUR PREDICTED MARKET DECLINE.AS OF TODAY THE MARKET STILL SEEMS TO BE RISING.
What do think will happen to all pensions (private, Gov’t) in the next few years? Appears these amounts could be (probably?) halved or reduced even more due to insolvency (ies). What investments would best mitigate current and near future retirees to supplement this shortfall and also help our family in these challenging times? Thanks.
I would like advice for the (very) small investor.
I am buying Ford and so far have made a little on it, and look forward to hearing what you recommend.
Thank you
Re: The Five Economic Storms Raging Now:
Dr. Weiss, I have to say that I truly enjoy reading your emails and I have been closely following your always sage advice. Your book is EXCELLENT!
I am terribly worried for our society. I am truly afraid for our children & grandchildren who will have to clean up the mess that has been left for them. My parents & grandparents are rolling in their graves, I can be assured of that.
I had a good friend email me this quote from Thomas Jefferson today, and I think it is particularly pertinent to what we are going through right now:
In light of the present financial crisis, it’s interesting to read what Thomas Jefferson said in 1802:
Banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. … sound eerily familiar?
Dr Weiss: The banks and mortgage companies have bundled, sold, and resold countless mortgages. It seems in many cases the original docs are lost. WHO and HOW are we going to unwind the legal issues fairly? Can’t count on the court system to be fair. And who is capable of auditing this mess with the banks, let alone the Fed?
Just Food for Thought. You know banking and finance better than anyone inside the beltway. How does the little guy figure this out by himself? Help.
I have been a Safe Money subscriber for various years. I am a retired fed gov employee who has a Thrift Savings Account. The TSA has various index funds ranging from treasuries, S&P and International. THANKS TO YOUR ADVICE about market conditions, I moved all funds into the treasury fund in Oct 07. As a result, I made about 4% last year while the market lost up to 40%. However, hoping not to miss the next bull market, I feel disappointed about having missed the current 30% run-up. What should I do now? Should I continue to hold? Thanks for your help.
I am a retired fed gov employee who has a Thrift Savings account. Thanks to your advice, I moved my funds into the Treasury fund back in Oct 07. Should I continue to stay in the treasury fund?
Dr.Weiss, thank you for all the information. I have a quick question for you. I am managing my wifes 401k and am very concerned. Her balance was 30 thousand now it is 25. We are in 3 Funds, PCRIX, PTTRX, and VAIPX. I was hoping to get back to 30 thousand by the end of this year. Then transferring it all to the Gartmore Morley Stable Value (MORSS1). Does this sound like a good strategy? Thank you so very much for helping out the American worker. My wife works in manufacturing for Weather Shield in Ladysmith Wisconsin. They produce windows and screens and business is very slow. I look forward to your meeting, Bryan
I have quite a bit of money in a 1 yr. CD with Wachovia Bank. Its for one year and I get it out the middle of July this year. Should I keep it in for the next two months or take the lost and take it out? Thanks Loads!!
Where is the safest place to put IRA money and still get a decent return? I suppose a mutual fund that is in 100% Treasurys is the safest place but little or no yield. Or should I cash out, pay the tax and stuff what’s left in my mattress or is there some magical place I should put it and not have to worry?
I have been following all the recommendations of Martin. I also take Lee Bellinger’s letter on independent living. Lee is also recommending a broad investment portfolio in commodities at this time, ETFs, mostly. Do you agree? And if so, what specifically? Thank you.
Martin & Claus,
I enjoyed this afternoon’s war briefing as I did your previous material.
You certainly are giving us plenty food for thought. Personally, as a long-time investor, I find your briefings are of the highest quality and I have no doubt the positive results will come.
You are dealing with amateur investors who are always hoping to make a few bob sometime in the future.
Congratulations. Keep up the good work.
Best wishes,
Noel.
What can the “average Joe” who is still working toward and close to retirement, do with what he ’salvaged’ of his 401K and now has in PIMCO funds and short term bonds? Choices are limited to what the company’s plan has to offer. (ie; T.Rowe Price.) With 3 – 5 years until retirement (we were hoping for 3) how much can we really risk? My husband’s 401K lost 30% last year. What ETF’s can be purchased through a 401K? Also, do you have information about the stability of Allianz, not an American based company? Thank you so much for all of your timely advice.
I think a stockmarket crash is coming. How could I profit from that? Will any banks be safe over the next few years? Should all my money be in government securities? Are Swiss bank accounts safe?
Thank-you Martin
Hi Martin,
I would like to have your opinion about the gold and silver mine shares’ direction in the near future and the bank invers ETF-s direction. Do you think the banks will be stonger and more stable after raising capital and some of them paying back bailout money?
Best Regards,
Dana
1 – Your view on the price of gold long term 3-5 years
2 – How much longer will the world finance the federal government debt
3 – The probability of a hyperinflationary depression if the government keeps borrowing and the Fed monitizes the debt in the years ahead
4- Why don’t we just forget all of this and get out of the country fast (just kidding)
Question: What do you think of holding an intermediate bond fund like PTTAX at this time?
Thanks,
Bob
Dr., Is the corruption so bad in Washington that the inevitable is going to happen all the while that the fools in D.C. play the fiddle while the country burns down around them with a debt that no amount of taxes can ever be paid?
My take is this, the Former Soviet Union fell because of their debt, now we see a reformed Russia, not the Soviet Union, which has risen from the ashes of their firestorm brought on by their cold war against the west. Now it’s our turn to burn in the same firestorm. It was bound to happen with our nations corporate greed, and deregulation of the banks and stockmarket. What I have been seeing unfold an dhave been predicting for thirty years, was the fall of the Soviet Union, and I was right in about that, and now I will be right on about the next wave too. The collapse of the United States, which will go something like what happened in the former soviet union, and for many of the same reasons. Here it will have been greed, and sloth by our corporations who did not fore see what the seeds they were sowing would bring about.
Our infrastructure has been rotting for over 50 years, our nation is deeper in it’s dependance on foreign energy then ever, our debt through the floor in a bottomless pit, and all our government has done is make it worse with these bailouts, all predictable. The one thing you should tell people to do while people still can, is get as much long term storable food into their hands as they can, at least a 6 month supply, and even FEMA, as worthless as an agency as it is, recommends food stock piles ahead of need, water, some fuel on hand, and a battery powered radio too.
This isn’t financial advise, but survival advice.
And regardless of any claims one might hear in the media about firearm ownership not being a target for government control, it’s not the firearms the government wants to control, it’s the ammunitions they want to grab, and grab they have, if you don’t believe me just try buying 500 rounds of any type of ammunition right now, and guess what, you can’t even find it. Let alone even a box of twenty rounds is very, very, hard to come by and will cost you four to five times as much as it did one year ago if you can even find it. Period.
It’s the same every where across the country right now.
Please tell me what you think about the Amero and what they are going to do with a one world Money system. Also What do you think about the fact that they have opened a bank in China with our Tarp money. Quoted by a Congressman on CSpan. So what about Gold An Silver. Why is every other commercial about selling your Gold What do they think we are all stupid.
Martin , my mother is in her 80’s and I’ve been advising her for the last several years exactly what would and now has happened , nevertheless , she has listened to an “educated”so-called friend and neighbor and has lost appoximately 50% of her overall investments but still refuses not to listen .Not only is she losing substantial income , we are also losing our inheritance. What are our options? We need help!
Thank you very much to your time & effort putting into this meaningful “Stop The Bailout Petition”. With much hope of this petition would bring out good results and in turn would help taxpayers somehow. I’d lost all of my investment with Wamu where Chase took the bank over but not Wamu stocks. This exactly like the olds say “The Rich get Richer!” and I wish we could stop this totally unfair acts too!
Many Thanks again.
Hi Martin
is DXD a good play with GMs imminent bankruptcy…I am thinking Friday night for that to give three days before the Market opens….I doubt they will go out of business though….
when “they” Monetize the debt what happens to the cash we hold and the debts we have? and maybe other instruments like those short term treasuries you recommend…will they pay you/us back with new dollars?
plus don’t miss UGA we all knew gas would be higher by memorial day:)
One other thought how could the banks be broke but paying back Tarp money?
California voters voted against new taxes. Pols of the federal govt will take note. The pols value their jobs over anything else. So no new taxes leads to unsustainable debt service. Something has to give.
Never got the instructions to log in for your most recent web cast!
Is it still available to view?
Dear Martin D Weiss I do not want to be some crazy guy who is talking crazy talk, but I still must tell you that my algorithm still indicates a Bigger crisis than just stock markets, Possibly you have absolutely exposed the truth and that alone has given me peace of mind as well as your speculations helped me confirm the action I needed to take …….But Unfortunately you And my algorithm were Right and I followed my gut feeling by hearing someone else say what my algorithm equated to Because I did Not want to BELIEVE That the Math Was Right it goes back to what my mentor always said NUMBERS DO NOT LIE >>>>PEOPLE DO!!!
I read your Letters regularly and I enjoy all your writers views and speculations
GOD BLESS
your friend Kenneth B Corey
Where can I find your list of recommended brokers to use for my contrarian folder?
Dear Dr. Martin Weiss: I am an average person whose worked most of my life and earned a fairly decent living, I have no complaints but what I see is that the information coming out of the investment news is totally untrue.
Besides our children demanding instant gratification which helped to put our economy into a depression by overspending, the banks giving credit where credit is not earned or due, I believe that we are in a terrible situation and it’s going to get a lot worse before it gets better.
I’m sorry to say that the American Auto manufactures put themselves out of business. Let’s go back to the 1970’s The American auto manufactures told us that you’ll take what we give you. Well, the Japanese came to us with reliable, high fuel saving automobiles and the American public started to buy them. We refused to accept what our manufactures told us to take.
Unemployment figures are at a all time high. Here in California you see housing and commercial units for rent signs everywhere. Commercial shopping centers remain empty. State property taxes declining, employment taxes decling due to unemployment.
One doesn’t have to read the news, just open ones eyes to see what happening. Use a little common sense
Dear Dr Weiss:Would you recomend to young professionals buying their first home now. They have good , quaranteed jobs but would have to fund the purchase by the bank loan.
Best regards
I’m so confident in this economy, I cashed in my life insurance policies last year, and put that portion of my money into gold. If this economy tanks as I suspect, there is no protection with your cash values.
Dear Dr. Weiss:
There’s ‘mega-deflation’ now and when the government starts to intervine, Hyper-inflation will set in hard. Every estute investor knows this. Land, commodities, gold, other precious metals, as well as wood etc. are all things we should invest in now. Hang on to your seats folks!!!!
Buy up all the real land, like the mines, the farms, the commerical real estate, apartment building, hotels, etc. The hyperinflation will be solved with a currency reform. They will come out with a new currency, and they will give you pennies or fraction of pennies on the dollar for the new currencies.
The niggest problem will depend on whether hyperinflation hits only the US or whether, as a result of US economic force, the rest of the world is forced to hyperinflate as well. Your thoughts on this???
PS: Tell Sean to stop knocking Real Estate…this is the key time to invest and to protect against hyperinflation. The best types of business’s were built during times of recession and depressions!! Gold and Silver are great investments but you have to know how to ride the tide with these types of investments as everything is time sensitive.
It’s suffice to say that during the Great Depression, gold stocks soared through the roof. However I personally would stay away from gold ETFs, except maybe GLD, a reco of yours also which actually holds real physical gold. At least if you hold stocks and ETFs you also won’t have to worry about the US Government confiscating your gold (it happened during the Depression – nice, eh?). They actually made it illegal to hold gold. Buying gold in a bear market rally still makes sense, too. You can also buy digital gold through GoldMoney. What do you think???
Do you think that Gold might be regulated globally should global hyper infaltion set in? Will regulations be put in place regarding its possession or sale, it might not be of any use???
Your thoughts and comments…
And what do you think about a company like: BHP Billiton?