Weiss is strictly doom and gloom. I had to make them stop sending me the negative junk letters.
Weiss has made several fortunes selling doom and gloom. Not exactly an objective source.
QUESTION: Does Weiss work for/with Soros???? BFFs???
REVOLT...
http://www.dollardaze.org/blog/?post_id=00461
Peter Schiff’s take on recent events. I have a very hard time disagreeing with him.
Yet, the United States continues to grow, continues to be the envy of the world....and will continue to do so for years ahead...
Side thought. With all the doom talk regarding "the DOW plunge"......if I'm not mistaken the DOW was actually about even last week at the end of the day (even with two big down days).
PANIC NOW! BEFORE ITS TOO LATE!!!!!!
Weiss has long been a perma-bear. My guess is that his newsletter subscribers have lost a lot of money over the years.
Well, they are right about one thing. We are in debt; but’s more like over 51 trillon. The subprime triggered this. Now it’s feeding on itself. Like it’s unraveling the whole thing. Rich and poor alike who are heavily into debt are going to feel this one.
I suggest everyone get our of debt as soon as you can and don’t live beyond your means. Pay off everything if you can.
Hmm. Aussie stock market already up 3%.
What’s this guy selling? Gold? Commodity funds?
As an emergency precaution, the US Bureau of Engraving and Printing should print several series of very high denomination currency. Literally $100,000 to $10,000,000 bills. Keep them in reserve.
These bills would solely be for the US of financial institutions, major corporations, and the Department of the Treasury. They must be printed in quantities so that they are in a 1:1 ratio with our economy, with possession and transfer only permitted with government approval.
That is, for the first time since the gold standard, US currency would be backed by paper. And there are very important reasons for doing this.
To start with, if there is a major credit collapse, there will likely be catastrophic deflation, unless there is substantial cash in the marketplace.
Second, *only* paper money, *not* virtual money on computers, would be backed by the full faith and credit of the US government. A paper bill would be redeemable whereas leveraged money, in a credit collapse, may not be. Even if billions of dollars of virtual money was wiped out, whoever had bills would be protected.
Authorized possession of a bill would guarantee collateral *to that amount*, again after government approval, but a paper bill would be “yours”. It could not be taken away from you except as ordered by the government. And thus it will protect vital industries menaced by gigantic outstanding levered debt—they would still have credit from authorized creditors.
Finally, it would prevent the massive drain of lower denomination paper currency from the market. For while there would be terrible deflation of ordinary currency, at least there would be no big corporations stripping cash from the economy at the same time.
That is, for $1M in low denomination cash, the government could give them a $1M bill, then return the cash to banks for re-distribution to the public, preventing a collapse of the retail market.
Anyone who bets on a world depression should live the rest of their days in jail.
Ok, lemmee guess. This guy is selling something that will enable me to AVOID the coming debacle and even PROFIT nby it....right?
Will the locusts arrive shortly thereafter?
Sorry, I AUTOMATICALLY reject ANYONE who actually signs himself “,Ph.D”. The prevalence of this make-believe “status symbol” has become a joke by now.
It’s probably something that dates from the 1950s, and seemed like a good idea then.
We are supposed to be intimidated by the roaring expertise that must exist behind this magical “title”, placed at the END of the name, rather than the beginning.
Barnum and Bailey stuff
Plague to Pandemic
With Dr. Martin D. Weiss
Monday, September 15 at 2 p.m., Eastern Time
Return Of Investment."