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Inside this special update: Why the bond market is getting whacked and what you should be doing about it IMMEDIATELY …
How do YOU feel about the massive budget deficit that’s hitting the U.S.?
Probably much like overseas investors do, who are now dumping U.S. Treasury notes and bonds in droves!
In just the last 19 trading days, the prices of Treasury notes and bonds have fallen as much as 4 points, sending interest rates surging back to recent highs.
The chief reason: The $1.85 trillion deficit, the worst decline in tax revenues since the Great Depression, and an avalanche of new Treasury issues hitting our bond markets. The Treasury Department just announced that it will auction a record $75 billion in notes and bonds next week, and much more is on the immediate horizon!
We’ve been warning you of the coming crisis in our bond markets, and now it’s happening.
How much higher could interest rates go?
How will the giant U.S. deficit impact the U.S. dollar, already on its knees and just a fraction away from record new lows?
How will it impact gold? Oil?
Will foreign markets, which are NOT burdened by huge deficits, continue to benefit from an influx of international capital?
What should you be doing now?
First, and foremost, if you haven’t already done so, do not — I repeat, do NOT — touch long-term bonds with a 10-foot pole.
Second, be absolutely sure to attend our upcoming First-Ever Weiss Global Forum, an international online video conference that I will host bringing together our top experts.
Our mission: To explore with you a wide range of new global profit opportunities (and pitfalls) for the balance of 2009 and beyond.
It will be a monumental 1-hour video event — all with no commercial interruptions or promotions of any kind.
It is absolutely free with no strings attached — our gift to make sure you get candid, unhedged answers to the most crucial questions you have about your investments right now.
We do ask, however that you register so we can make sure you receive your instructions for attending prior to the briefing.
Just click this link. We’ll reserve your place for you, and I will immediately send you an email with your login instructions.
Plus, after you register, click here and leave a comment to let me know how you feel about the budget deficit and how Washington is spending our money!
Good luck and God bless!
Martin
{ 72 comments… read them below or add one }
The deficit is unpleasant but necessary. However, we need to raise personal and coporate taxes to levels of 1967 (adjusted for inflation) in order to return to a pay-as-you-go, balanced budget, sustainable economy. With three generations of people who think they’re entitled to benefits they don’t pay for, we are unlikely to do this and will suffer the consequences in rampant inflation and failing governments (State and Federal). Apparently, we cannot learn without experiencing major failures; even then we often learn the wrong lessons.
At the State, Federal and local levels we have created systems that enabled governments to commit to services without funding them from taxes…. Federal by borrowing and by spending anticipated “economic growth” funds; States and local governments by spending rather than saving “growth” funds for a rainy day (all addicted to perpetual growth) … and by continuing to make commitments requiring more funds by majority vote while effectively requiring 60-70% majorities to increase taxes to adequately fund these commitments.
Meanwhile we perpetuate erroneous (but self-serving for the affluent) myths like: “Lowering taxes stimulates the economy” (If that myth were true then we should eliminate all taxes and thrive!)
When you put inexperience in charge, and stupidity a license to govern, and appointee’s with no moral judgment, you can create problems, that will not be unearthed for centuries.
We have judges destroying our constitution, and a slothful people with heads in the sand. We are getting what we deserve and without God, we are going to get more of what we deserve.
The so-called stimulus package, which has led to this huge trillion dollar deficit, is nothing more than a raid on the national treasury by a super rich elite. The goal is to drive the so-called rich (mom and pop small business and middle income America) to poverty so that America will consist of the super rich plantation owner and the slaves on the plantation. This class distinction is what happened to Marxism is Russia. The Marxist elite became the slave owners, who lived like kings, while everyone else struggled to get toilet paper. We should not be surprised that the billionaire club is in bed with a Marxist like Obama. They know full well what they are doing and plan to utilize it to their advantage. Putin warned us, but no one listened. He said, “Don’t go down this path, because this is what destroyed the USSR. In the end, America will cease being a free country with a free market. We will just be another welfare state.
I am finding more of those I talk to share the belief that we must have a revolution of some kind in order to restore this country to what it once was. I am willing to give my life for the betterment of my grandchildren. Both political parties are corrupt, in fact in collusion as they whip us back and forth in order to control us the way they want. I hope I am wrong, that there is hope, that we can let things deflate to where they should be and once again build as a country.
I would love to listen. However, since I do not have a computer other than the government computer, who blocks this presentation, I am at your mercy hoping that your company will give a synopsis of the presentation.
How do I feel about what is happening in our goverment?
AHHHHHHHHHHHHHHHHHHH!!!!!!
GRRRRRRRRRRRRRRRRRRR!!!!!!
Member of the “ANGRY MOB”
The problem is the FED. Find a way to get rid of the Fed and bring all into the overview of the Congress and let the Treasury do all the Fed now does. All this created crisis will be resolved with the demise of the Fed and this fake money.
They are no words to express my deep regret that our elected officials both republican and democrat have and continue to show no true integrity when it comes to the way they spend taxpayer dollars. Accumulating these unprecendented debts only serves to make us weak and vulnerable to elements that are contrary to the principles our country was founded. I dare say that we may have to show the same resolve as those who gave life and fortune for the establishment of this once great nation and act upon the words found in the Declaration of Independence. excerpt follows…
“That to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed. That whenever any form of government becomes destructive to these ends, it is the right of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness. “
Washington is beyond insane. Only crazy people think they can deficit themselves into prosperity. WE need to break up the ties between the Fed and Congress. Congress needs to come to the people to get new money and taxes, not bypass the referendum process and get fake money from the Fed! You will help us mostly by guiding us in the “Get rid of the Fed” process… then we can plan for the future instead of watching the manipulation of the stock market by the robbers….
I would like to see a spread sheet/matrix of our economy before ,during and after the depression we now suffer and a best guess estimate of timing.
More specifically:
before now after
the dollar/budget/banking
trade/labor
real estate
Orient
Europe
Other
US
money supply/interest rates
Just a rough stab at “Our economy at a glance”
It occurs to me that those of us ’some means’ will be the first ones accessed, when Obama and his associates attempt to find mechanisms through which to extract funds required to pay for the current, ‘financial mayhem’! Unfortunately, such shortsightedness obviates what should be intuitive to experienced, well educated and otherwise intelligent organisms, in that, “Without pullers, the wagons will eventually stop!”. God help us and all those who follow!
I cannot believe the sheer stuptidity of our president and our politicians. They have not even the slightest clue as to what they are doing in the economic sectors. Or I shudder to think they know exactly what they are doing and its not good for Americans. The smallest bit of COMMON SENSE is nowhere in sight. They made the train bigger, but they took away the engine that pulls it along. I have a question you might be able to answer !I have several New York state triple tax exempt muni-bonds long term. Should I be holding on to them ?
We must fight against President Obama And Congress who are spending beyond the money available backed by our gold. R.J. Buckley
Frankly, I am disgusted with all things government—taxes, regulation, general market interference, massively excessive spending, monetary inflation (the Fed) and the endless trashing of our property rights.
Q1. Brazil
Q2. United States
Q3. An ETF that has been lagging, but has good potential to grow.
I am extremely upset with all Congressmen that vote to spend OUR tax money on any and all bailouts. I think a list of those so voting should be published so we can make a note of them and vote against them the next time they come up for re-election.
Although the deck is stacked against this happening , there will come a time soon when a viable , somewhat independent third political party will begin to form from disaffected patriots who cannot accept the deterioration and mortgaging of this country’s future finances .
The initial reaction by the current administration was probably necessary to stabilize public perception of intervening action and avoid a fear based meltdown in banking and finance. To immediately follow up with an “urgent ” healthcare program of immeasurable cost in both monetary and self choice , with incredible violations of privacy and self determination is incredible , particularly on top of actuarially based projections of a bankrupt Social Security and existing government sponsored health care system (the Medi plans).
Our professional , elected politicians may actually notice a pending groundswell of public opinion , not just over the healthcare issue , but about government involvement in business and decide that the real issue in this country is not taking care of more insoluble problems but rather how to pay for the future commitments already “mortgaged” above the ability or desire of the people to pay for in the future.
From the very start of news media coverage of the government stating that they were going to have bailouts I was against it. I do not believe bailing out corporations is or has been that beneficial. I would rather have seen better regulation of the banks when they were writing mortgages. It seems there was far better regulation for homebuyers in the past. People are really beginning to struggle, I hear it on a regular basis, and I am talking about working people such as firefighters, physical therapists etc. who earn decent salaries. Many 20 somethings are not settling down and having families due to the economics today. Imagine if people were bailed out, rather than corporations. People would have paid their debts, their loans, their mortgages off, and some would have been reckless, and corrupt with the money. Most 20 somethings are angry about the bailouts, stating, “yes, and it’s me that will have to pay all those taxes in the future”. What will become of us in the future?
I - TOO MUCH MILITARY - US is broke , but Obama Pentagon budget = +10% Bush’s
II - YOUR LAST SCREWING BY GOLDMAN SACHS: How much did you enjoy it ?
III - ACCOUNTABILITY, RESPONSIBILITY, TRANSPARENCY - What Congress, Obama, the Court, and USA “News” organizations (the “free press”) NEVER offer !
IV - THE DUMBEST ELECTORATE ON THE PLANET: A host of Advertising Agencies working for Administration, Corporations, and (corrupt) Politicians grabbing power by influencing a population completely devoid of critical thinking !
WHAT A MESS OUR “LEADERS” MADE SINCE EISENHOWER’S “Mil. Indust. Complex” speech !
Have YOU (ever) read the constitution ?
Money is a means of conveying responsibility
- but who cares these greedy days when there is no responsibility ?
And BTW, the banking crisis COULD have been easily solved - but that would have involved helping citizens in need - where money would have been recycled 5-20x.
Instead, it is parked at the Fed, drawing interest for his pocket, while Obama stands sartorially before The Great Urinal, with a sign around his neck saying: “My Hands Are Tied”.
Impeach all them bums! They (Prez & Congress) Have ruined this young lady called LIBERTY. We need to take advantage of its fallout, but over 300 million Americans haven’t a clue what is going on in the imminent disaster dept. let alone how to take advantage of it. They’re angry, but anger is not a solution. Why were Dems voted in anyway? A tried and true Naval Aviator- Senator from AZ would have at least waited out the financials storm, without all those stinking $ trillions Mr. B. O. is spending.
It’s sad when you see the struggles people are having and hear how everyone is just so dazed by the current state of affairs. And you want to just hold them and say, “it will be alright the only thing you can control is your own inner thoughts” The sum total of all of our own past activities and our work in the world. Our work can be called successful only when in some way it serves our fellow woman/men
I believe we are entering a new arena in our transaction of global business. As we create new systems and innovative industries for life sciences, healthcare, education, social services, ecosystems and energy the community and economic landscape will change.
Awareness of our actions and how they impact our shared environment is paramount to this our personal change within. The planet demands that we recreate our economies and our ways of doing business. We can no longer continue to grow a Global financial exchange that is based on non-renewable materials, (i.e. oil) that evolves into “toxic waste” that we dump into our oceans. Additionally, we can no longer deplete our rain forests worldwide so we can grow food for “COWS” so we can eat “MEAT” causing enormous damage to our climate systems. Finally, we can no longer ignore the destruction of our natural ecosystems that our planet depends on for renewing its natural order.
Social media is the new venue for creating meaningful relationships that are virtual in nature but critical for global communications between diverse communities of people and cultures.
We can no longer depend on world leaders to address the financial crisis or the critical planet’s needs. Social media gives us the tools to enlighten ourselves and each other to stop our own extinction. Let’s use them responsibly.
I comment Martin’s effort’s to enlighten others regarding the continued greed fostered by the Wall Street financial engineers and our Government.
Both put us in this mess and instruct the media on ways to keep up the false “confidence” that impacts the P/E.
For more on this simply read “Guide to The End of Wall Street as we know it” by Dave Kansas. It provides the truth regarding the intentional actions taken by the Fed and it’s partners on Wall Street to keep the easy money flowing to the point of no return.
As Martin has so eloquently put it “We have been and continue to be mislead with false truths” This Depression hasn’t even begun.
We should all be thankful for the efforts of Martin D. Weiss and his Research Group for their continued commitment to enlighten others during this crucial period. We certainly can’t depend on the media.
I am definitely against all the bailouts. The government is making our country very vulerable and weak by spending so much money. I, additionaly, blame Greenspan and Bernanke for lowering the interest rates too low. Greenspan created a bubble by keeping the rates to low for so long (bubble in housing and stock market). Now, Bernanke is hurting our ecomony by keeping the rates so low. He could bring them up a little and it would help inflation. He is always worried about where the stock market is going–that’s his main concern. There is no such thing as a “jobless” recovern…
I am tired of the big federal branch impinging on our freedoms. Imploding our economy by design is just one of the overbearing policies of the big bad federal branch. The fed is working for the globalists to break the back of the American people. Why? Because the globalists will stop at nothing to achieve a one world government. Our government has been hijacked by these thugs. But all is not lost. The American people are starting to wake up. They are looking past the two party bull and realizing who the real enemy is. Ending the Fed is a good first step. The Fed is not a Constitutional branch of the American government. It is a private corporation owned by the globalists, put in place by Woodrow Wilson in 1913, who later admitted his terrible mistake. Its time for them to go. Keep calling and faxing your congress members. Never giving up the fight is how America was created. So keep it up!
In the context of declining Treasury prices and increasing rates, I’m interested in you pov on the impact on corp junk bonds viz this article: http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKAEcqlaVgfs Thanks for all!
The spending frightens me. Everything about HIM frightens me. I pray that they will be turned out of office before this country is ruined. Pat Foster
Did any US American or citizen have a CHOICE after government spends mega dollars to give BIRTH to the TARP (temporary aid ridiculous program)? Now ALL AMERICANS whether we like it or not must live, breathe and eat the biggest DEFICIT unless we try to VOICE our concerns to ALL the brainless POLITICIANS (donkeys or elephants both are animals acting like jackasses and too often very hard to turn them into HUMAN BEINGS). Will they hear our VOICES—-ask your local politicians to have Town Hall Meetings and ask QUESTIONS and DEMAND answers. Tell them to create a House Bill to allows every American a ONE TIME $1 million dollar PAY-OUT stimilus check which will be LOTS LESS than pumping billions into the TARP bucket full of holes. Next tell them to VOTE on giving “TRICARE FOR LIFE” or the same Health Care coverage they have. With the one million $$$ to each American and TRICARE it should enable us to take charge of our debts and have health coverage. AMERICANS can get rid of all the HIGH INTEREST RATES by no longer needing to borrow money from LOAN SHARKS just pay as you go. If the US government wants the Citizens under the harsh conditions—- of outrageous interest rates, high electricity bills, high gasoline expenses, unaffordable insurance premiums, and so on …….THEY must find ways to keep the CITIZENS from leaving the NATION to move out to another COUNTRY. HOW CAN A NATION SURVIVE WITHOUT ITS PEOPLE??????
I’m over in Iraq training police officers. It get hard sometimes to try and keep up on the stock market but thank you for the information i receive from you it has helped alot. As far as our gov. and the budget we have big and i mean big problems ahead of us in the US. I think that alot of people are losing everything they have and alot more will. But what can you say the people elected the new president and i’ll let that rest. Anyway i will be looking forward to the video and thanks again for all the help. What’s bad is i sold rbs yesterday because of it’s gain cause it usually opens down the next day will i lost a couple thousand dollars on that mistake but i’m learning.
Lets begin a couple years ago when I first started getting your emails. I was amazed at how accurate you and your team were about the housing markets.
Now about this bond thing, as I see it the further we go into debt the worse we are. I know that there has been a shift i wealth to outside this Country to places like Indnesia and other Nations. This means me that not only is the Government bleeding dry with all the borowing it is doing, but also as the cash reserves of many investors and savers in this Country seeks safe havens that the real crash will come sooner rather then later.
I have been watching the latest debalco that the Government is trying. The cash for clunkers program. This is a sham if I ever saw one in that a lot of my friends have so called clunkers that are paid for and won’t trade them in as that would mean extra debt and car payments. They are saving their money instead. I remember something Martin said a long time ago when this mess first started. That it would have been better overall for the Government to back out of as much as they could and this crisis probably would be over by now. That’s not an exact quote but close enough to say I believed him then and am still believing him as this mess unfolds.
I’m surprised you haven’t recommended the ETF “TBT” based on your view of the Treasuries. I’ve been in them for about 3 months and doing very well.
Vic Mottarella
To start i think this is what seperated us from Great Brittian in the revolutionary days. Our present government isnt expressing my wishes in fiscally sound stewardship of the national trust. We have the right to better oversight of our heritage handed down from our fathers. I am afraid if the us gov. pursues this lawless unrestraind course we will not as citizens be able to contain the damage or excape from the resulting third world status.
I agree that “ultimately” interest rates will end up substancially higher. As was the case from the 70s thru the 90s. However, between now and then, (especially if we see the economy go into depression and the markets tank as forecast by the cycle analysis you have provided as well as simple fundemental economic analysis) shouldn’t we see rates decline substancially, as money piles back into treasuries for safety as the markets tank???
aT 89 NINE YEARS OF AGE< i CAN ONLY WATCH in disblief as supposedly intelligent leaders of our government dismantle two centuries of effort with the idiotic glee of children at play in a mud hole. I know that it is true than mankind never learns from history, but we are witnessing madness at the highlest level of our society.
Fools are always severed from their folly, by a Divine Providence.
God bless us all.
Much like the Titanic, the captains of Wall Street keep asking for more coal (money) to go full speed ahead to set new records of speed (profit).
When the U.S. Titanic hits the next iceberg (crisis), how many taxpayers/investors will be locked below decks because they are “too small to save” instead of “too big to fail”.
Much like the “unsinkable” Titanic.
It is time that people undersand the truth about bailouts and where this will lead interest rates in the futue.
But first three things must be stated:
1.) The unemployment dam is about to burst ide open and the econoomic consequences will be
severe.
2.) America has no real industrial base - Thank You Mr. Nixon. Our service economy is not
producing jobs. (Also granting $2.4 Billion to build batteries for eectric cars will not aid our
economy in any way eithier now or in the future). More waste of OUR TAXPAYER $’s. Would
you purchase a car for $30,000.00 that can only be driven for 100 miles and then needs
recharging. By the way where do we obtain the electricity to recharge that car? COAL!
3.) The obama doctine of deceptive politics of socialism is hastening America’s demise. Our
future as it stands now will be full of disgrace, defeat and ruin both financially and spiritually.
As William Henry Harrison stated in 1840, “See to it that the government does not acquire TOO
MUCH POWER. Keep a check upon your rulers. Do this and Liberty is safe. The Obama administration has doomed our Republic. As americans we must stand and fight for our freedom or our way of life will be no more. They will take not only our spirit but our financial independence to hold us down.
Financially we are standing at the edge of the cliff looking down into the black hole of the abyss. Do people really have any knowledge of what is about to happen in this country. A short term bear market rally that has cought the attention of so many people who think that safety has returned to the marketplace. Pigs wearing blindfolds being led to slaughter. A bloodbath is upon us and we see daylight as Obama says things are improving. Who is he fooling? Obviously, many people.
The bond market is in a trading range that will eventually have a breakout to the upside on yields. This will not be good for future interest rates. Be aware and be prepared because there will be money to be made. Inflation is coming and it will hurt. THe dollar will fall and gold will rise. Don’t forget about silver. Percentage wise silver could provide a better return.
I hope everyone takes time to educate themselves both financially and politically. We face two stormfronts that continue to gather strength against the american people. Do you think Goldman Sachs is behind any of this. Of course they are. Just ask Henry Paulson hy he let the Bear fall?
Thank you Jimmy Carter for the CRA. Thank you Bill Clinton for bringing new life to the law.hich helped foster our current financial situation. Let’s not forget Phil Graham from Texas who helped ith changing the Glass-Stegal Act of 1933. Don’t forget Robert Rubin (another cronny from Goldman) who assisted ith $200 Million in lobby money. If you want history I will give you an education.
One last thing, hy did the Obama stimulus really pass? Because the banking and investment industries gave $53 Million is lobby money for it to go through. Not many people kno this.
What do the american people get in return. So far 69 failed banks this year. State governments laying people of and a bond market ready to explode.
I hope everyone can make money.
We have always experienced some sort of growing pain(s) as a nation. However, this time it’s this global growth thing! It looks like we are being put to the supreme test to see if we come out a winner. Will the dollar continue to command world confidence, or
is there a dollar devaluation on the horizon? Surely, it is easier for a strong dollar to help the U.S. peacefully maintain its position as a world power, v.s. the world power finding itself in a position to influence the strength of its own currency. I am hopeful and trusting that this crisis will work itself out to the positive as this is my country.
when do you think interest rates will go up?
I will be flying across the country to my son’s wedding when the August 13th Webcast is going on. I hope you will record it so I can watch it later on. Thanks.
It is obvious that the government is destroying our economy.
I believe that they cannot possibly be that stupid accidently. They have to be doing it on purpose.
I believe we need to address the situation that they are not stupid and looking for the answer as as to why they are breaking America.
Could they be breaking America in order to lead the world into a new world order. Namely a one world government?
I believe that it is stupid on our part to think these people running the government do not know what they are doing. The question is why?
No household with any forum of sanity would run like our government is run. It is a big lie, deceitful, devious, corruptive and destructive.
The biggest problem with the representatives is they believe they know what is good for us and we are to dumb to understand anything.
National debt, health care, runaway spending, & mortgage the future.
It’s all out of control.
So who is “FISHY”? Should I turn myself in for being against the insanity?
Why don’t we try something really revolutionary? Return to the fundamentals of our Constitution. Get rid of the Federal Reserve, return to congress being the only entity authorized to create money. All Federal monetary activities need to be totally transparent, with the entire content of all agreements written in language any average 8th grader would be able to understand. Congress needs to be restricted in their expenditures, making all travel between their home and the Capital, their own expense, with the exception of the initial trip to the Capital at the onset of their term, and their return home trip when their term has expired. NO multi-million dollar airplane for the Speaker of the House, or any other representative or senator.
The Federal Government should be on a pay-as-you-go basis, and using the previous fiscal year tax collection as the maximum TOTAL spending limit. Additionally, there should be a mandated percentage of every years tax collections that are deposited into an Emergency Fund, that Congress cannot access. Access should only be authorized by popular election, with Presidential VETO authority.
This type of stringent restraints placed upon the Government, in TOTAL, just might give the People a reason to cheer and have hope for honest and responsive government.
The total debt of the US including derivatives, unfunded liabilities, national debt, consumer debt is $315 billion. If the average interest rate or annual increase in liability obligations is even just 4% that means that every year there is an aggregate demand of over $12 trillion in interest or increased liabilities. This is almost the total annual GDP of the country. This bill can never and will never be paid as it can not be paid.
Somehow, something is going to break within the economic system in a very nasty way necessitating radical restructuring, mega job losses and massive social unrest. America’s wealth has been hijacked and purloined by the economic elites.
I wonder why didn’t they use some of the original bailout funds for the “clunker” program? What’s next my favorite washer, dryer and refirgerator, guys…all those toys on your toy hauler?
My government no longer represents me! The current (before Obama) deficit started from a war that I still believe was necessary. The huge bursted housing bubble, the result of very unsound, even deceptive, banking practices, coupled with consumer greed, added to the deficit. THEN came Obama (with an almost solid Democrat congress) and his orgy of spending, in the interest of creating a socialist dictatorship. I believe his goal is government ownership of our businesses, our health, and ultimately us. Meanwhile, the deficit grows and the economic crisis grows worse. A combination of ignorance, narcissism and malice describes our current leadership. HELP!!!
President Obama is following his orders to destroy this country and is right on target in doing so. He is rewarding bad behavior and the wrong people, all while cleverly blaming the past administration. Congress and the federal government have not, can not and will never be able to do anything right. They have no incentive, motivation or interest is this country’s wellbeing, nor any ability, intellegence, education or skills to manage even themselves, let along the country. The federal government has no business being in business, other than well thoughtout regulations that make sense.
The TARP, stimulus packages (yes with an “s”), financiial institution and auto industry bailouts, government run and taxpayor funded health care/health insurance system and the CARS programs are all stereotypical disasters designed to extort wealth from the working people and “the rich” and give it to “the poor”. Top all that off with the lifetime appointment of a racist lier to the Supreme court who will rule for her gender and her “race” and push relentlessly for the give away of free citizenship to all illegals, including the twenty-five percent convicted fellons, and we have a recipe for disaster, far worse than any threat heretofore seen or imagined for this country.
It is high time we let industries that can not compete in the world market fail and stop coddling the lazy and resentful. If people are not willing to work for a living and pay their own way, then let them fall by the way side and stop feeding from the public trough and suckling from the public teat. Social programs have weakened this nation. Let the economy recover and private industry do what it does best — compete in an open market to produce goods and services, employ and train people and better life for us all. Obama, his “do gooder” buddies and the government all need to get out of the way and tell their bosses “no, we will not sell out the USA”.
I don’t understand the cycle theory, since so many factors go into making
the market or a particular stock change in value. For example, a new product could be announced, a problem could cause a large financial impact on corporate profits, etc. For the economy, the excess and totally unregulated loans have caused a huge impact, and we will see more of that in the 2010/11 time frame.
I also do not understand derivatives, nor the potential they have of impacting our financial system. Should we be worried, are they being dealt with, and who is paying for the resolution? What good are they in the first place?
I DO NOT like the debt that is being generated. I did not agree with all of the bailouts or handouts that were given and don’t believe there was enough oversight or control of the use of the funds. Things like bonuses, greatly increasing pay to the executives in lieu bonuses, etc.
To everyone don’t sit idol, our government has abandoned us
and our constitution..we have no representation and we are being portrayed as
a”mob” when we speak out. The new healthccare bill is a death sentence for
Seniors. There are Eugenics and social engineering language in the legaleez.
Obama’s “green Energy” Czar is a self professed communist who believes in
infantacide and putting contraceptive in our drinking water. Sound crazy?
read up on this guy and the Appollo project. All this is now embedded in
our government . Radical social justice agenda. Don’t let this so called
healthcare bill pass it’s one more tool for taking total control over us.
wake up!!!!!!!!! america wake up!!!!!!!!!! stop crying and lets all get together and do something, the govt thinks that we are all lazy. I will run for prez and end the feds. nothing else matter. i need your help. antonio williams for prez 2012
I believe that our nation is burdened with simplistic ideology well mixed with greed, self-serving politicians, too big to fail manipulative corporations, impoverished activists using threats to achieve their extortive ends and frank corruption. Couple this with multi-trillion dollar debts in an attempt to arrange deck chairs on the Titanic, the initiation of cuts in municipal and state required services, rearranged so called health care to assure little or no help to the seriously ill aged, endless foreclosures, a good part of industrial production farmed out overseas and the painful state of those increasing jobless families and you have the current state of our nation.
I believe we will and must hit the bottom, rid ourselves of the thoughtless, the corrupt,
the intimidating, the insatiably greedy and the overly inept and intrusive government and start over with free enterprise without excess, rewards for new patent protected industries producing in the U.S.A., limiting federal government to mandates defined in our constitution and ending large corporate contributions to elected officials.
This is just a quick flow of thoughts, but hopefully the gist of these remarks is clear.
Much has not been noted, but the direction, however, is clear - protean efforts will be required to salvage our nation (as we remember it) from this quagmire.
Bert Warren
I think it is outrageous especially for the little guys like myself. I m trying to get credit cards payed down so i can invest more. With the rate hikes gonna take longer to get out of debt.
Money and Markets, a sane voice in a world rapidly descending into insanity. Those of us who are awake need to stick together and stand up against whatever the New World Order has planned for us, be it war with Iran, additional false flag terrorism acts in America or Europe. Don’t let the Fed and the Bank of England get away with their acts of treason - people of the world, wake up.
Thanks Weiss research, your advice is exemplary, as always.
Jake in the UK
Martin,
In your book you suggested to move all 401k to secured T Bonds..What should be our strategy now…Should we go in stocks in 401k on keep sitting with bonds..Let your readers know what you think
Thanks
I am becoming increasingly concerned regarding the run away borrowing and spending our government is doing. I am concerned as to what the real reason this is being done. Is there an underlying reason of total government takeover of business and services. If that is a fact the how can we protect our assets?
I do not think our government can avoid taxing people with incomes of $30k or higher to fund their greed. This may be through hidden taxes such as cap and trade, making medical benefits taxable (including social security benefits), or higher taxes for a gallon of gas.
I know this may be out of your area of expertise but are there any countries outside of the USA that would be safe to own property? I know Costa Rica has some issues with local people living on property then taking possession merely because they live on the property fo 90 days.
I am becoming more concerned each day regarding the future quality of life my daughters and grandchildren will have.
Martin,
Can you address any of the following? Harry Schultz, a veteran newsletter writer and expert analyst wrote in his June newsletter a preface to a surprise event of exteme magnitude and importance, with only one precedent in US history. He wrote, Some US embassies worldwide are being advised to purchase massive amounts of local currencies, enough to last them a year. Some embassies are being sent enormous amounts of US$ cash to purchase currencies from those governments, quietly, with the exception of British Pounds. Inside the State Dept there is a sense of sadness and foreboding that ˜something” is about to happen, unknown as to a date, within 180 days, but could be 120-150 days. The US Dollar and British Pound are grouped together, both to become unavailable. Schultz continued that my suspicion is that the “Elite” are planning an “FDR style bank holiday” of indefinite length, perhaps very soon, to let the insiders sort out the bank mess which is getting more out of their control every day. Widespread nationalization could result, already under way. It could also lead to a formal US$ devaluation…i am fairly alarmed…
I believe there is something going on to destroy this nation its becouse we got away from GOD LONG TIME AGO,
Has any one ever given thought to the idea that we have all this debt because of a corrupt money system?Has any one wondered why the United States created a privately owned central banking system so as to borrow it’s self into debt to that system?
Let me point out a few items of interest:On the 1957 series “Silver Certificate” it states,”This Certificate is Legal Tender For All Debts ,Public and Private.”;The 1950 Series “Federal Reserve Note” states,”This Note is Legal Tender For All Debts,Public and Private,and is Redeemable in Lawful Money at The United States Treasury,or At Any Federal Reserve Bank.”
The United States Treasury,has in the past, created “Bond Notes” and “Gold Certificates” as well.These are all “Legal Tender” issue and bear no debt interest on them.These are the “Lawful Money” that “Federal Reserve Notes” are redeemable in.
So then,we are creating “Legal Tender” none interest bearing notes to sell at discount(at interest) to the Federal Reserve in exchange for interest bearing “Federal Reserve Notes”.There is no need to do this when the U.S. is already coining Legal Tender to begin with.In short,the United States Government needs to stop selling coined Legal Tender to the Federal Reserve Bank in exchange for it’s non Lawful money.The United States could retire it’s debt in four years or less by issuing it’s own Legal Tender.
What should be done is for the U.S.Treasury to issue Legal Tender to state and local banks for the purpose of a general banking business.The Treasury could also spend the money into circulation under some circumstances as long as it taxed in out or left it in for the purpose of economic expansion.
The above comments are just the way I see it. Unkle Buck
The financial system of the United States is being wrecked and will be destroyed if we
cannot stop this madness.
Commenting on the post of Aug. 7, I heard about a week ago from someone that the IRS was hiring, and I thought that was curious. So the government revenues are down from taxes, but what do they think they’re going to squeeze from the unemployed and underemployed? And today the numbers were out on lower unemployment. I simply don’t believe any of the statistics or news coming out these days. It’s all manipulated, as the writers of the newsletter allude to.
Dear Martin: I know instinctively that you have the correct perspective on our future..I also think that Wall Street is collectively trying to blow enough smoke to convince America that we are not going to hell in a hand basket…I am staying in cash and hopefully can ride things out till prime is 20% as in wonderful Carter days.
It must be frustrating when anyone with a brain should be able to see the con job
being perpertrated by our Washington wonderful..best regards,rb
My husband and I are totally upset about the horrible monetary decisions made in Washington these days. We are very concerned about our retirement and are seriously looking at moving out of this country. We love our country but feel it is being destroyed by entitlement programs that will wipe out what little money we have to see us through our retirement years.
Dear Martin .
I’ve got a nice idea here.
“Interest rate surging — SELL SELL.”
“Interest rate dropping— BUY BUY.”
I have registered to attend the The Weiss Global Forum, but I cannot attend it because I will be at work at that time. I can only view a recording of it in the evening, if one is made available.
I’m quite a bit worried that the socialist movement in this country is going to rob us of earned value in favor of government allotted worth based on political favor as the Democrats tie up the system with bureaucratic oversight to insure the demise of liberty, freedom and self confidence.
Self confidence being the building blocks of a free society are being attacked by the Democrats so fiercely that I don’t think investment in America will have a confident following when they get done. The president and congress are on the aggressive path of defying freedom of enterprise to instill a socialist/Marxist inspired system that negates business flexibility free from political intervention that is going to attach business success to the whims of political allies.
As an example; the socialist inner cities of America a currently decaying with tax burden, legal roadblocks and government lubrication that spell disaster to any small business or individual not willing to serve the political plan or forced mandates before profit that are stifling independence and growth. Massachusetts forced health care, heading toward bankruptcy is a prime example of socialism’s short sightedness, misguided intentions and devastatingly bad management and waste that we are all going to see from more government mandated decisions from a government that seems to have turned fascist over night. I don’t think any part of Americas’ financial markets are safe from the ripple of devastation that socialism is going to wreak on our system with these anti constitutionalists we have ruling the democrat party at this moment.
I do believe that the US government has become so desperate for financial influx that it is delving into the dangerous waters of government control of all streams of finances under the guise of socialistic themes to connect itself to all money management and take it away from the free investment and self purpose of Americas people; its investors in its own dreams and vision.
Self destiny, choice and its losses and gains will be taken away in this socialist mandate and we will suffer the gray dreary defeatism of government controlled worth devised by how loyal one is to a particular party or ruling group at any given time. I don’t see a free robust investment future in America unless you see political bribery as a course of profit. These are dark times with the Democrats seeking to instill the detriments of political chains upon the entire country to insure their self worth over the worth of investors , the people and their aims of setting their own value in a system that used to be about the profits and losses gained by courage , risk and opportunity.
We need to vote out most of our congress, take away most of the perks including lobbying gratuities, not allow any ex congress people the right to work for any lobbying situation, insist that they have only social security and medicare (government paid for)as their health care just like other citizens, no paid retirement. Cut out all perks as bodyguards, paid transportation and gratituties for spouses. Expenses for wives travel, lodging, etc not paid by taxpayers. These people are not Royalty and they need to realize they are employed by the citizens and are supposed to represent the good of the people. A lot more I could say about what is going on especially the health care bill to be voted (joke) on. Congress is now on vacation and this is an ideal time for their constituuency to make their feelings known. Our nation as it is operating today is going the way the Roman Empire went. The most important thing I can say about this miserable situation is PRAY. Only God almighty can turn this around, if He wants to do so.
Like most Americans, we have paid all our bills on time, and we were confident that we could repay our $250,000 loan, and we have repaid $90,000 in the last 3 years. Now our house is valued at $70,000 and we owe more than that. We have both retired. We are unsure where is the best place to put what little saved capital we have left in order to keep it safe. The market is so volital. What do you suggest?
Thanks for all your help, we appreciate your insight and your help in keeping us all financially free. :) C & B
dear martin one word bonkers
in the uk we have the same problem but then again its not there money they are playing around with, you know yourselve these idiots that run us need inflation for various reasons your cow boy ronny reagan had the right ideals reduce taxs which will cause inflation then bring a monetry system but that is too much like commonsence.
your big problem is your debt and your dollar what happens if the china men get there way changing the mother currency the dollar will colapse. terry shead sunny uk
I’m very concerned about the massive deficits, the continued massive spending, the 44 czars, the overall expansion of government. The biggest joke of all was when Obama submitted a $3.5 trillion budget which Congress passed, then he and Nancy Pelosi made the statement they had passed a budget that would cut the deficit in half!
What I would like to know - with interest rates surging, (at least on Treasuries) how can they leave the fed funds rate basically at zero?
Dr. Weiss, I have been following you for years and have made changes to my investments, as a result of your recomendations, that have resulted in the fact that we expirenced less than 6% losses in the worst of the downturn and were up again by Feburary of 2009. We do not have enough non-IRA investment money, however, to justify one of your investment subscriptions with the amount that remains outside the Ira’s, which are restricted. Do you have any funds which you control or that follow your recomendations, in which we can invest?
Godspeed,
George
Napoleon Bonaparte said, “When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
Regardless of which party was in power, the transfer of wealth from the people to the greedy crooks on Wall Street would have taken place. I abhor the bailouts - but not being well-versed in economics and financial systems, I do not know what would have happened, had the governments not done the bidding of their masters, the financiers. I think it is a situation of the monied elite having the rest of us - including the few well-intended politicians who actually do have our best interests at heart - by the short hairs. Unless a worldwide populist revolution can be organized (perhaps a Twitter Revolution along the lines of Ghandi’s work stoppages, march to the sea, etc.) - I doubt anything can cure the spreading cancer of the monied class. As Bonaparte said, “Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
We, the people, are not without blame, however. Our national character in so far as it is wedded to rampant capitalism is based on greed. From the lowliest to the most powerful - Americans have been greedy. Anyone who habitually borrows money to support his lifestyle in any way is greedy. To the extent that any of us participated in the Zeitgeist of Greed and/or voted for politicians who supported deregulation over the past 3-4 decades - we, too, are responsible for the horrors we now face.
As long as we think the enemy is the “other” political party and blame one team or the other, we are deluded and powerless. In that respect I guess I think we deserve what we get for being stupid and for not seeing beyond our prejudices and ideology, both of which are used effectively to distract us from who and what the real enemy is. It’s time to wake up and smell the roses.
Terribly dismayed and disgusted with the way our reps and senators are bowing to Obama’s wishes—-never mind their constituents!!! They were elected to SERVE the people NOT the president, so why are they doing what they are doing? Because they are being threatened and intimidated by the Chicago-style mentality of the Obama White House. These Town Hall meetings are really telling the real story throughout the nation. You have always been right on the money—-along with Richard Young, another wise man with the investments. Please keep us informed in a timely fashion.
Dear Dr. Weiss:
For whatever reason, I have never been able to tune in on your online videos. I have always registered, followed the instructions, but to no avail. Therefore I want to thank you for including with my last issue of Safe Money report, the transcript of you “Important Strategy Update”. I found it very helpful with my planning.
Thank you very much.
Ed McQuiston