Brace 4 Impact!

sirens blare“We are watching the biggest panic in global financial markets that has occurred in my 65 years of life and 50 years of stock, bond and commodities investing.”

These sobering words come from one of our heroes, Monty Guild, in a bulletin he just released.

Look at what’s happening:

  1. The Fed has taken the extraordinary step of dropping interest rates on a weekend.
  2. The Fed also announced a new “lending facility:” a way to get $ to Wall Street banks without making it look too much like an emergency bail-out. It amounts to exchanging newly-printed dollars for toxic derivatives.
  3. The IMF (the central banker’s bank) tells the US to “plan for the worse” and “urged policymakers to “think the unthinkable” and prepare now.”
  4. Bear Stearns dies, inciting panic among traders.
  5. International press warns “Wall Street fears for next Great Depression” saying “the world is now close to a 1930s-like Great Depression, while New York traders said they had never experienced such fear.”
  6. The dollar (USDX) is at historic lows. It’s dropping. Fast. Watch for panic when it hits the 60s. It’s already dropped from 76 to 71.91 in the last month.

A Goldman Sachs trader in New York said: “Everyone is in a total state of shock, aghast at what is happening. No one wants to talk, let alone deal; we’re just standing by waiting. Everyone is nervous about what is going to emerge when trading starts tomorrow.”

 I say: 
UhaveNoidea

Sure, it’s still possible for the Fed to reach in its bag of tricks and pull a brief market rally out of the hat. But last week the Fed’s $200 billion rabbit was only good for a one-day rally.

How much is $200 billion? Well, Bush authorized $10 billion in emergency relief for all states affected by hurricane Katrina. It took 20 times that to prop up the markets by 400 points. For 1 day. Ouch!

You must take action now.
 Protect Yourself
PROTECT YOURSELF:
Get out of the stock market (unless it’s inverse funds).
Don’t rely on being able to trade online when the market’s in turmoil–have an alternate plan or DON’T DAY-TRADE.
Can you trust your discount broker? Remember E*Trade suddenly went under last Nov.
Get physical gold, get physical silver.
Get agricultural commodities (sugar, coffee, wheat, corn, beans) if you can find a broker you can trust.

◊◊◊◊ Now: Gold @ $1027.25, Silver @ $21.21, USDX @ 70.91 ◊◊◊◊

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2 Responses

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  2. […] CRIMES AND CORRUPTION OF THE NEW WORLD ORDER NEWS mparent7777 Marc Parent CCNWON wrote an interesting post today onHere’s a quick excerptThe Fed also announced a new “lending facility:” a way to get $ to Wall Street banks without making it look too much like an emergency bail-out. It amounts to exchanging newly-printed dollars for toxic derivatives. … […]

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