Is in progress.
Jim Sinclair at Jim Sinclair’s Mineset and his group are doing everything they can to wake as many readers of his site up to this fact, and giving straightforward advice about how to save your ASSets, and preserve your financial future.
In the words of Mr. Sinclair:
Dear Extended Family,
This situation is financially critical, having no practical strategy or plan to intercede in order to save us from witnessing a total systemic meltdown.
Have you:
1. Taken delivery of paper shares of your investment companies of any nature?
2. Have you opted to become a direct registration book entry at the transfer agent of your investment where possible?
3. Have you protected your retirement accounts by doing number 1 or 2 with both your Trust’s name and your retirement account identification?
4. Is your retirement account held in true custodial-ship?
Plus, 8 more questions you must ask yourself about your investments.
Read and take heed.
Posted in
Economy Tags:
Depression,
Economy,
Financial Meltdown,
Gold,
Investments,
Jim Sinclair,
Silver
Welcome to a brand spankin’ new week!
Money on our minds this Monday, as the White House predicts a $490 Billion budget deficit next year. Given our government’s fondness for spin and general economic incompetence, I’d say the truth is probably somewhere north of that figure, between $490 and $1 Trillion. Add in bank and FDIC bailouts that will be necessary in the next 18 months, and the larger of those two numbers is probably a lowball.
Too many people today read that news, shrug and say “Well, that’s the government. They can handle it.” What will be an even bigger story in ’09 however, is starting to sneak up on us and seep into the mainstream media. Listen to this segment of the Diane Rehm show (launches a Windows Media file) and you’ll see that dozens of states are under water budget-wise for 2009. This will mean problems with education, health care, police/fire protection, highway and infrastructure maintenance and much more. The resources we need on a daily basis will be strained.
As I write this, the DOW has tumbled already, and even Reuters is reporting that the Gold Futures market suggests that the metal will trade at $1,200/ounce by the end of the year. So, it’s no longer just Jim Sinclair making this claim!
Meanwhile, Jim Kunstler has a terrifically dark piece about a drive through New York State (where he lives), with some pointed, vivid and very compelling observations about the state of our society:
Hopelessness infects this landscape like a miasma. Whatever young adults remain in these places are not thinking about a plausible future, only looking to complete their full array of tattoos and lose themselves in raptures of sex, methedrine, and video aggression.
And that’s the lighter bit 
Seriously though. Kunstler’s views ring so true, even though regularly reading him, you start to get the idea he really, really dislikes tattoos. I believe though, that Jim will one day be seen as one of many visionaries whose dark futures often hit closer to the eventual truth than most. God help us.
Finally, in the “can’t wait for the future” hit parade, George Ure at UrbanSurvival.com unhappily predicts an “October Surprise” that involves a hidden hand, false flag and an attempt to disguise (if not avoid) the Greater Depression bearing down on us right now. I remember similar predictions (not from George) about the last of the Clinton days, where an event causes the White House to declare Martial Law and cancel the elections. Looking at history though, I have to admit it would be more in character for this administration than the last to attempt something like this.
Time will tell. Have a great week. Be watchful.
Posted in
Economy,
Politics,
Society,
Terrorism,
US Tags:
Depression,
Economy,
Gold,
Investments,
Martial Law,
Politics,
Recession,
Terrorism,
War