Sober Prediction for Nov. 2009

Richard Maybury, author, historian, economist, editor of the “Early Warning Report” and hero, has issued a Special Emergency Bulletin. Since this info is not part of the paid newsletter I subscribe to I’ll share part he says with you:

“Here is my guess about what’s coming.

“By this time next year, millions under age 45 who have lost their homes will have also lost their jobs. They’ve never experienced hard times, and to them, the future will appear much darker than anything they ever imagined.

“Each week when they go to the grocery to buy food for their children, they will find the meager amount of money they have left will buy less. Desperate, they will be looking for scapegoats, and thanks to a century of leftist propaganda, many will blame “the rich.”

“In the government-controlled schools and colleges, they were taught that the way rich people get rich is by making others poor.

“If they notice you and believe you are well-off, they will see your affluence as an assault on their families.

“If you live in an area where violence is likely, be ready to take precautions. Be prepared to buy a scratched and dented jalopy that is in good mechanical shape. Save your old, tattered clothing. When you go out in public, you will be able to look poor, and won’t be noticed.

“On the bright side, there’s the old and sage advice for investors, buy when there is blood in the streets.

“During times of maximum pessimism, investments are priced very low, and that’s the time to buy. It’s when the next batch of new multi-millionaires will be minted.

“Hold some cash back for investing during those violent times. I hope you don’t get to use that cash, but I’m afraid you probably will.”

You can read the entire Bulletin here.
Click here to see more posts by/about Richard Maybury.

◊◊◊◊ Now: Gold @ $737.10, Silver @ $10.07, USDX @ 85.99 ◊◊◊◊
◊◊◊◊ Now: DJIA 8,948.43

401(k)s In Danger of Confiscation

Words 2 live by: “Don’t trust the gov’t.”

I follow these words; I cashed out all my 401(k)s ‘cuz I figured if the stock market doesn’t kill them the gov’t will.

Sounds ominous. (Click the pic for full story.)

We face an economic crisis of unacknowledged depth. It will be worse than 1929. Do you really think that the gov’t is going to let you keep your retirement–whether it’s in a 401(k), IRA or Social Security? Do you really believe they won’t figure out a way to “borrow” it or tax it?

Please protect yourself!