Posted on 05/18/2010 7:05:51 AM PDT by blam
Dow Theorist: Sell Everything Liquid, You Won't Recognize America By The End Of The Year
Joe Weisenthal
May. 18, 2010, 8:57 AM
Image: US Army
WHOA!
Richard Russell, the famous writer of the Dow Theory Letters, has a chilling line in today's note:
Do your friends a favor. Tell them to "batten down the hatches" because there's a HARD RAIN coming. Tell them to get out of debt and sell anything they can sell (and don't need) in order to get liquid. Tell them that Richard Russell says that by the end of this year they won't recognize the country. They'll retort, "How the dickens does Russell know -- who told him?" Tell them the stock market told him.
That's pretty intense!
Update: By popular demand, here's more on what he sees in the market:
And I ask myself, "Am I seeing things? The April 26 high for the Dow was 11205.03. The Dow is selling as write at 10557 down 648 points from its April high. If business is even better than expected, then why is the Dow down over 600 points? And why, if there were 674 new highs on the NYSE on April 26, were there only 20 new highs on Friday, May 14? And if my PTI was 6133 on April 26, why is it down 17 points since its April high?
The fact is that I've been seeing deterioration in the stock market ever since early-April, and this in the face of improving business news. The D-J Industrial Average is composed of 30 internationally known top-quality blue-chip stocks. These are 30 of "America's biggest companies." If Barron's is so bullish on the future of America's
[snip]
The DJIA is up 62 as I post. See here.
(Excerpt) Read more at businessinsider.com ...
Is there any paperwork in a gold transaction that tells the govt how much you have, like having to register a gun?
Yep.
He might not be telling you the whole story. I don't know of any jurisdiction that doesn't have a redemption period usually 12-18 months. During that time the prior owner can pay back the amount paid plus the bid interest and gets the property back.
The owners can sell or simply turn over their right of redemption.
It depends. Generally if you buy through the big houses through the mail you have a paper trail, cancelled checks, invoices, etc.
Of course if you have a local coin dealer, they are generally happy to take your cash and give you your coins, no receipt, no record, no anything.
Now I also think there are some forms of gold where the reporting requirements are less than others.
I don’t think so.
I know some folks that bought gold and silver from lear without filling out any paperwork.
I would think that if the gov’t were requiring tracking like that, they’d require a SSN.
When FDR confiscated the gold he paid below market, $20/oz.. The crook then set it at $35/oz and left the country on the gold standard. He and his successors kept gold at $35 an oz for decades - so when the depression ended - inflation wasted away the value of buried gold.
Stupid. You will die surrounded by boxes of ammo.
__________________________________________________
Well ya do need a gun too!
Here is the exchange I had with my friend John Meehan back on May 4th. (He is retired now, but used to manage large pension funds.)
From: John Meehan
To: [Matchett-PI]
Subject: Re: White people need to give up their 401ks in the interest of racial justice.
Date: Tue, 4 May 2010 18:13:04 -0400
[Matchett-PI] —
This (the links you send below) is (are) diabolical.
Apropos of such shocking, shocking ideas, coincidentally my biweekly article this week discussed TSP. If you know what that is, you are a Federal-government employee (that includes Congress, the White Houses and its agencies) or a member of the military. I have never seen any publicity about it in any media anywhere. One of my paying subscribers mentioned it to me many months ago, wondering if I could write one of programs for people like him who was (is) in the federal system and not pleased the results.
It’s something you may want to be aware of!
Go here— http://www.advanced-stock-selection.com/tip78z.htm
Ciao,
~John
-—— Original Message -——
From: [Matchett-PI]
To: [email lists]
Sent: Tuesday, May 04, 2010 12:09 PM
Subject: White people need to give up their 401ks in the interest of racial justice.
“Curiously, one of Obama’s ideas for “change” taxing 401k’s tracks rather neatly with radical redistributionist Phather Phleger’s call for white people giving up their 401ks in the interest of racial justice.”
Those of you on my email lists will remember that I began sending you warnings about this in 2006 (That email is referenced in my post #56 below)
Here are all of my posts so far today on this subject for those interested:
http://www.freerepublic.com/focus/news/2506285/posts?page=52#52
http://www.freerepublic.com/focus/news/2506285/posts?page=56#56
http://www.freerepublic.com/focus/news/2506285/posts?page=61#61
http://www.freerepublic.com/focus/news/2506285/posts?page=69#69
Republicans Sound Alarm on Administration Plan to Seize 401(k)s
http://www.freerepublic.com/focus/news/2506285/posts
Heck yeah! If 1/2 or more of all mortgaged properties are underwater - and it’s that easy - why not just let em foreclose - then go buy another house for $300 bucks!
“Strategic default” indeed. Up to 5 million foreclosures next year alone and that’s not everything in the banks’ inventory pipeline
I’ve been practicing throwing ammo,
just as a backup skill.
I kinda figured that went without saying. It's like "you need a mouth too" for all the food you're storing. ;-)
There’s a paper trail, but you don’t have to register and account for gold.
If the govt ever comes knocking, tell them you lost your gold in the same accident where you ‘lost your guns overboard in the lake’. Or maybe you gave your gold away as a wedding present to someone in Canada.
Meanwhile: bury it. The classic technique is to bury the gold in a length of sealed-off plastic pipe. Avoid safety deposits - when the day of reckoning comes, Obama wouldn’t scruple to seize your gold and pay you “fair value”.
:eyeroll:
No, the blood letting will be due to lawless hungry feral city dwellers gone panicky. The federal oligarechs can manufacture sufficient shortages to grind this nation to a halt in less than amonth. And if the federal oligarchs can do it via shortages, you can bet the demonic terrorists are well aware of the potential also. The democrat party in power now has been counting on shutting down the nation then ‘saving it to their socialist wet dreams. The terrorists won’t let the nation come back under democraps, but the democraps aren’t capable of the level of reality that would recognize that external threat since they are the internal threat to the Republic.
We have history as a guide here.
When the Roman Empire collapsed, the dark ages, with its multitude of tiny authoritarian tribal states quickly followed. It took hundreds of years for societies to finally recover. And, the map of Europe was drastically changed. There is no reason to assume it would be any different today in this country.
So if you still had a MM account, you would cash out? That’s what I’m thinking of doing this week or next.
Using the "buy high, sell low" strategy? ;-)
You trade it for GOLD and NOW
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