Even as Washington and Wall Street swear on a stack of bibles that that the worst is behind us …
The home foreclosures that triggered this economic disaster are absolutely exploding — up a staggering 24% in the first three months of 2009 alone.
Worse: Industry experts are warning that an even GREATER surge in mortgage defaults will slam U.S. lenders in the weeks ahead.
FAIR WARNING:
THIS MAY BE YOUR LAST CHANCE
TO GET YOUR MONEY TO SAFETY
BEFORE IT’S TOO LATE!
Dear Investor,
Just hours after yesterday’s historic Taxpayer Tea Parties gave millions of Americans a ray hope …
And just as Washington and Wall Street happy talk was beginning to convince many investors that the worst just might be behind us …
It now looks as though the greatest wave of bailouts may be just ahead!
This morning, the Associated Press dropped a huge bombshell: The number of delinquent mortgages — home loans on the verge of default — skyrocketed a staggering 24% in January, February and March:
Nearly 804,000 homeowners received at least one delinquency notice in the first 90 days of 2009 — over 150,000 MORE than in the first quarter of 2008 …
And in March alone, more than 340,000 mortgages began going bad — up 17% in a single month and a mind-numbing 46% compared to March of 2008!
The implications of this startling news couldn’t be more clear: Despite everything Washington and Wall Street so desperately want you to believe, the end is nowhere in sight. To the contrary …
THIS CRISIS IS STILL ACCELERATING!
And now …
- With Washington’s loan modification programs a colossal flop — fewer than half reducing payments significantly …
- With lenders beginning to aggressively pursue foreclosures again after a temporary hiatus …
- And with ultra-low teaser rates on millions of Adjustable Rate Mortgages set to drive monthly payments through the roof between now and May 31 …
Even U.S. housing secretary Shaun Donovan is now warning that this explosion in home foreclosures will continue to accelerate for many months to come!
This is why I’ve warned you that in the next phase of this crisis, literally hundreds of banks and other lenders will be pushed to the brink — and OVER the brink — demanding hundreds of billions of dollars; perhaps even trillions in new bailouts.
This is why I’ve repeatedly warned you that the recent stock market rally was nothing more than a dead cat bounce — a bear market trap — and urged you to use it to dump stocks before it’s too late.
And this is why I’m doing everything in my power to make sure that yesterday’s Taxpayer Tea Parties are only the beginning of a massive, nationwide grassroots movement to end these disastrous bailouts!
Here’s what I’m asking you to do — for yourself, your family, your community, our nation and also for the most helpless victims of this crisis:
FIRST:
GET YOUR FAMILY TO SAFETY — NOW!
Click this link now to get your personal copy of my new book, The Ultimate Depression Survival Guide and begin getting your family to safety. And while you’re ordering, don’t forget to get extra copies for your family, friends and neighbors — as well as one for your Congressional representatives and for President Obama.
Within the pages of The Ultimate Depression Survival Guide, you’ll discover …
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Why Wall Street cheerleaders, top economists and our leaders have been so wrong at every stage of this crisis — and why listening to them now could cost you up to half your wealth in 2009 and beyond (page 43) …
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How to make sure the multiple “sucker rallies” and dead cat bounces in every bear market do not cost you money. Crucial self-defense. (page 47) …
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Why even the shocking trillions in bailouts and guarantees Washington’s handing out are a mere drop in the ocean compared to the size of this crisis — and four reasons why all attempts at bailing out the economy are doomed to failure (page 8) …
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Why this great crisis is still only beginning — and why the next phase will be, by far, the most painful and terrifying for everyday wage-earners, consumers and investors (page 35) …
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1,673 banking institutions at risk! How to discover if your bank — and your money — is safe (Chapter 5) …
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The ultimate alternative investment for reaping wealth in the worst of times. Follow these three steps to rocket your income (Chapter 13) …
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3 shocking reasons why Wall Street ratings on stocks and bonds are dangerous. Hidden conflicts of interest, bias, payola, cover-ups and scams that could lure you into deadly investments (page 55) …
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How to find safe insurance: What brokers never tell you … policies nobody needs but almost everybody buys … much more (page 65) …
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Your home loses another 20% of its value — but THIS investment wipes out your loss or even hands you a profit. The five-step hedging strategy every homeowner should be using now (page 107) …
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Your own, private bear market bonanza: Five simple steps for using ETFs to profit when stocks plunge (page 119) …
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5 easy ways to spot the REAL bottom in stocks and bonds — and use it to pile up massive wealth in a recovery (Chapter 10) …
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Great $60 stocks on sale for 60 cents? Yes, and even less! Recommended bottom-fishing strategies (page 131) …
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How to maximize your bond market and Treasury yields with safety: Six simple steps (page 151) …
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The best time to buy gold — 700% profits possible! Get your timing wrong, and you’re likely to lose a bundle. Get it right and Katie, bar the door! How to invest in gold, gold ETFs and mining shares during a depression (page 171) …
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What YOU can do to save America from certain disaster: Crucial actions required now to get Washington and Wall Street to reverse course, save the dollar and pave the way for a true recovery (page 173) …
PLEASE REMEMBER: Your copies of The Ultimate Depression Survival Guide don’t have to cost you a dime. We’ll immediately send you a $29.95 credit voucher for EACH and EVERY book you buy, redeemable for any new purchase of any product or service Weiss Research offers.
PLUS ALL MY ROYALTIES ARE GOING TO CHARITY: You can feel good about ordering, knowing that 100% of my royalties are being donated to the Campaign to End Child Homelessness, a national charity for the most innocent victims of this crisis.
Click this link to order your copy online now.
SECOND:
HELP ME STOP THESE INSANE BAILOUTS
BEFORE WASHINGTON BANKRUPTS ALL OF US!
After you’ve placed your order, re-open this page and click this link to sign our petition; stand with me in demanding that our leaders STOP corporate bailouts that …
>> Can NOT save these failed companies but only makes them dependent on Washington for the long haul …
>> Set the stage for soaring interest rates and higher taxes — pure poison that will surely kill our struggling economy, and …
>> Punish the innocent — you and me — by confiscating our money to reward the guilty corporations that caused this crisis.
I’m doing everything I can to bring America back from the brink — but I can NOT do this alone.
I need you to stand with me — in a nationwide grassroots movement to save our families, our businesses and our nation before it’s too late.
Again — the two steps I need you to take right away:
1. Click this link for details on The Ultimate Depression Survival Guide and to order copies for yourself, your family, friends, neighbors and elected representatives.
2. Then, re-open this page and click this link to sign our petition demanding that our leaders STOP bankrupting America before it’s too late.
Thank you in advance for your help.
Good luck and God bless!
Martin
{ 12 comments… read them below or add one }
Dr. Weiss,
I’ve been following your letters and blog since your early warnings way before the crash in 08. Lately, it’s been hard to follow what you are predicting because the government seems to be hell bent on doing everything including lie, cheat and steal in order to avoid any type of panic in our markets. My question to you and your team is this: Why can’t they continue the lies to trick the skiddish public into a false sense of security? The long term effects are obvious… but short term the goals seem to have been met. The panic is abating. The fear is receeding and sheepish investers seem to be buying hand over fist back into this psedo “free market” where capitalism is a sheep hiding the socialist wolf underneath.
Please tell me how this will all play out in the coming months. Currently I’m short the financials and the dow… ETF’s like SKF and DXD have not been doing well for me over the past month and I’m seriously concerned that I’ve overstayed my welcome at the short party. And waiting for my positions to come back to life may take a very long and painful amount of time. Dow 10,000? ugh..
Best regards,
MJL
p.s. thank you for the public and private service you provide.
Its pretty obvious to anyone who is watching the daily shenanegans that the stock market is being maniplated by some big players who come in during periods of thin trading to push up prices - or rather prevent a continuing slide. Who are these players? We all used to speculate on the influence of the government’s so-called Plunge Prevention Team but has this now been superceed by an arms-length manipulation by the banks using tax-payers TARP money?
How much longer can this go on for? Isnt it a bit like the little Dutch boy sticking his finger in the crack in the dyke to prevent a flood. Benanke only has 10 fingers!
Dear Dr.Weiss
Thank you for writing the The Ultimate Depression Survival Guide, which I ordered 10 minutes after your 1 hour seminar - it lies next to my copy of J.K. Galbraith’s The Great Crash of 1929.
I also subscribed to the Worry-Free Retirement guide and The Safe Money Banking Guide. All of the above have red stickers all over the place.
I have trouble getting the ranking on one of the banks that we deal with - although I feel it is in good shape. The problem may lie with the retail name: The Bank of The Pacific - it is owned by Pacific Financial Corporation (PFLC) - Can anyone in your office steer me in the right direction on this please.
Finally thank for your donation to a worthy charity and letting your readers be part of same.
Soren Jensen
The government has already admitted to buying back it’s own 10-Year bonds which brings several cliches to mind involving things like monkeys and footballs. I have been in 100% cash since the first week of January. I have considered getting back into some relatively safe dividend paying stocks, but haven’t because I just don’t trust what’s going on in the markets. I think the government is doing all kinds of things they aren’t telling us about (probably including manipulating the stock market). The federal government’s manipulation of the markets has in effect rendered those markets into something else besides free markets. It’s impossible to know what to do because logic, history, modeling, etc. are basically meaningless if the federal government is manipulating the markets with an umlimited printing press of money.
Well, I am worried because I have several (8) rental real estate properties and values are going down. Luckily, I put at least 20% down and bought them 4-5 years ago in a good area. At one point I had about 40% equity in them. A couple are back to the value I bought them at but none are below loan value. I also have good rents still and all but two have positive cash flow and all are positive after taxes.
Yet, the way things are going they could go lower and below loan value. My attitude so far has been hold for a couple of years and it will come back. But it looks like it could take longer. The question is should I sell some or all of them? Real Estate seems to be where some of the most hopeful people are placing their hopes. They talk about the supply going so low that demand will again stimulate things. But I hear you and Harry Dent saying that with the Baby Boomers gone it will not be the same.
I just got your (and Harry’s) books and will start reading them tonight—maybe they will give me some answers.
Rich
I am reading your book “survival Guide” and have one question. You state to get out of stocks etc and be in a cash or treasury notes.
My question is that with the government spending and debt and the printing of money isn’t the value of the money going to depreciate also?
Richard Castello’s comment says it all. If we are at the start of the next bull market surely there should be keen interest by all those talented bankers and investors on Wall Street in purchasing good quality rental real estate………..but no, so they are obviously waiting for further falls!
The purpose of the government is to provide for the general welfare of the people. As FDR said; Let buisness take care of business. Let the Government take care of the people..
If the health of the people is ensured, then country’s business will be healthy also. Corporate stimulation is not the job of government. This also means health care corporations, drug companies, HMO’s, banks, manufacturers,etc..
It is indeed unfortunate that the US government is the largest business in the world.. It is run like a company with military means to force compliance to it’s wishes. This is not only morally wrong, it can only encourage more corruption in its manner of operation. It is simply true that a government for profit cannot support its people in ways that will endure. To ignore this is tatamount to treason to the US constitution. Will we support rampant profiteering and corruption or will we, as a people, support ways of peace. This is not only my idea, it is the proven, time honored truth of ages and the reason the United States of America was founded.
Thank you.
I am a Ag commercial Bank lender in Blair, WI and aside from the FMAC investment in Fannie Mae MBS no one hears about the Farm Credit System and where their reserves are kept. I asked Bert Ely Attorney and lobbyist for ABA and w/his use of the Freedom of Information Act said that some of their reserves are also stacked in MBS which can be bad, mediocre and or probably not terrific. In the old days their reserves had to be kept in near cash and local associations were closely monitored. Now biggness has set in and they used Wachovia as a depository in some areas and the few are leading this GSE. Should they need another bailout or is that impossible to tell?
Hello Dr. Weiss:
Thank you for your service to our country. I have purchased and read The Ultimate Survival Guide. I have been in a Vanguard Short Term US Treasury Fund since last fall. I have purchased some financial ETF shorts and over the past few weeks have been killed by the market. I also held a Euro Short ETF that is kind of stagnant. The question I have is the following…. The media and Wall Street seem to be promoting “All is Well” But you and my Gut say - BULL ! I just need some reassurance that I am not being too cautious and really - I hate to say it - “am hoping for the market to go down to your target levels to prove your point to my stubborn family members.” I have spread the word to them but I feel it is falling on deaf ears.
John Mccain commented “The fundamentals are still the same” during his election bid. Ironically that statement hurt his chance. I think the same statement holds true now. The funcamentals are the economy is still tanking and unemployment is still soaring. The rise in stock market is just an aberration. I think you can play the stock market if you have money to burn and not with your retirement savings.
After following advice from all Smart Money writers I would say the best thing you could do to help me invest would be for you to send an email daily telling me if you feel the market will go up or down on the next business day. That way I could sell stocks and buy inverse ETF”s or do the reverse on a daily basis.