Martin D. Weiss

Today GM … tomorrow America: Will we survive?

Click here to post your comments …

Yesterday, the unthinkable happened: General Motors — one of America’s oldest, largest and most respected companies — went bankrupt.

This morning, this venerable, 100-year-old company …

This firm that survived two world wars … The Great Depression … the Korean and Vietnam wars … the oil shock, recession and runaway inflation of the 1970s … and scores of other shocks over ten long decades …

This great icon of American innovation and success … won court approval to begin liquidating its assets as soon as possible.

These are dark days indeed — a personal catastrophe — for GM’s employees and for hundreds of thousands of other workers at dealers and suppliers who thought they had jobs that would last a lifetime.

But the implosion of GM is more than just the guarantee of surging unemployment rates as far as the eye can see. And it’s much more than just the failure of one of our most powerful engines of economic growth.

For nearly a century, GM has served as a metaphor for the overall U.S. economy — the harbinger of things to come for the stock market, for investors and for every American family.

For nearly five generations, most economists accepted the mantra, “As General Motors goes, so goes America.” And those words were never truer than they are today.

The simple truth is, debt killed GM. The company could have easily weathered this economic storm had it not buried itself beneath a $173 billion mountain of debt.

Is America Next?

In its failed attempts to save GM, AIG, Fannie and Freddie, the entire banking sector and many other companies, Washington is now creating its own Mt. Everest of debt.

But Washington’s debt bubble makes GM’s pale by comparison — and it’s inflating the size of that bubble at the staggering rate of $3.8 billion per day.

As we’ve seen in recent weeks, Washington’s record-shattering spending binge is already crippling the economy. Treasury prices are cratering. Rising interest rates — the kiss of death in a weakening economy — are already increasing borrowing costs for companies and consumers.

Meanwhile, in what has proven to be a failed attempt to stop the surge in interest rates, the Fed is feverishly printing dollars — creating money out of thin air — to buy more than $700 billion in bonds so far this year.

So the question of the day — the single most important question any investor can answer now — is simply this:

Will America survive?

How do YOU feel rising interest rates and record-shattering money-printing will impact your income and investments in the weeks ahead?

Which investments do you expect to spin off substantial profits next? Select U.S. stocks? Foreign stocks? Currencies? Precious metals?

Your opinion is critically important to me personally and to all of us here at Weiss Research. Just scroll down and use this blog to let me know what you think.

My team and I will meet you there to address your concerns, answer your questions, respond to your ideas and help in any way we can.

Good luck and God bless!

Martin

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Comments 1274

Tim June 2, 2009

No question it is sad. But take the emotional away and GM should not have been offered government money, nor accepted when offered. I believe GM was run with great incompetence. As you stated debt killed it. Where is all the cash from the haydays? Not only the debt but they are burdened down by the unions. GM should have filed bankruptcy 9 months ago. That would have been the proper capitalistic approach.

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David Youngerman June 2, 2009

Nothing surprises me anymore. I have been taking your advice and divesting myself of stocks. I am moving more and more into gold and GDX, I like China at this time. I am in TBT as well. I am movings up to 8% into TIP as an inflation hedge. I am back in OIL and agriculture through MOO and DBA. Looking forward to your broadcast tomorrow at noon.

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tom June 2, 2009

Us farmers are so happy with the inflation that we can't stop giggling, everyday we see the grain pices go up. It's one big party and it's about time fiscal irresponsibility kicked in, haven't seen times so good since 1973 during the great russian grain robbery! Crop rotation then was, corn, soybeans, florida! Now it is corn, soybeans, mexico!

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Richard Polo June 2, 2009

Mr.Weiss, I have read that JPM and Citi will be payed 100 cents on the dollar for their exposure to GM. Is there anyway you can monitor this situation? As this will be again another fleecing of the tax payers. Disclosure: I am short JPM Jan 2010 $5 put options.

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V Peters June 2, 2009

HL seems to be having a lot of attention lately and I wanted to know your thoughts. With Gold and Silver seemingly going up and up, this seems like a good play. Cramer doesn't seem to think so though? Just curious.... vp

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peter June 2, 2009

At first you have to replace these criminals at Wall Street and replace them with People they have 1.Moral, 2. Dignity, 3.Faith to God. After then you can overhaul America. I think President Obama is at first a good start.......

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Jackie June 2, 2009

The answer is ... we don't know the answer! People like me who don't spend all their time studying the markets are relying on people like you (who do!) to shed light on what we are seeing. The key question right now for me is 'what is driving everything up right now?' If I can identify these drivers (which are a mystery to me), then I might have better insight into the future. Thanks a lot!

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Elmer Lick June 2, 2009

Hi, I believe that you have one of the best and most accurate understandings of the present financial situation that I have seen or heard. Thank you for your insight. Before Jesus left this earth He said that He was coming back again. The present financial and political situation give me the impression that events may be developing that will soon result in His return. God bless!

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R S Swift June 2, 2009

Martin: The financial situation is truly bad in many sectors (Financial Services, Airlines, Retailing, Insurance, Government, etc etc). But what is the real issue is truly poor management, terrible decision-making, high risk investments, incredible egos combined with magnificent personal payouts to those who took risk with the assets and the people, to benefit themselves. Your continued negative prognostications may be correct; but you might think about what drives markets, stocks, and also commodities. It is pure need and also (perceived present or future) VALUE. Responsible advisors, such as yourselves, would be better for America and the world to advise of POSITIVE investments and also POSITIVE ACTIONS for managers and investors.

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Zoltan Ban June 2, 2009

At this point, one of the worst things that could happen would be a rebound in consumption. If that happens, it will lead a period of runaway inflation due to limits to comodity supplies, combined with all the global liquidity unleashed by the bailouts and the quantitative easing that many governments undertook lately. In the meantime, the govenment actions will generaly look like a good idea, since all the stimulus money and the bailouts are able to maintain a semblance of normalcy in people's everyday lives. This continued illusion, serves to maintain public confidence in the system, which is a must in order to ensure the survival of the system. As for the rise in treasury yields, they would have to rise much higher before trully afecting hopes of a recovery. Current yields and prices should atract some investors, which will allow for the contined financing of the debt incured by government. This in turn will allow for the contiued subsidizing of the economy through government spending. As a result, economic colapse is not iminent, but could happen in a very bad way down the road in a few years.

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Marcia June 2, 2009

Regarding the 3 ways to buy short-term U.S. Treasuries (3 mos. or less), which are: directly from the Treasury, a U.S. Treasury-only Money Market Fund, or an ETF, I wondered which is the best vehicle for parking new money when the price of Treasuries is going down and interest rates are rising? Do you risk losing principle in this environment?

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Jean Moisan June 2, 2009

Hello Martin, I’m Canadian and I’m very sad about what is happening presently, especially to America. But, because several countries in the world depend on US economy, I think that it is something that will help USA to pass through the crisis. I don't think it is in the best interest of them to see America going down. Good luck and God Bless America Jean

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Michael Echols June 2, 2009

Of course America will not fail, we will just be put into a downward bear market spiral that will last a decade or so, but I think we will come out of this a better country. almost 15 years ago when I was in college (studying political science) we always talked about how the world hegemony would change from the US to China in 20 years. And it would not take a world war or nuclear catastrophe to see this transistion through. Even in the field of political science it was always economics that would drive us down to a point where we would end up making drastic changes to our lifestyle to survive. We are already seeing signs that the Asian markets will likely come out of this thing long before we do, and will probably not pull us out with them. Instead we will end up depending on what it is we do. Without being said the money being spent on R&D right now in this country is staggering, almost 20 billion just for smart grid developments. Although it is a mountain of debt the investment will likely yield dividends in the future. As we will likely be the country that takes technoligies like this to the next level. We will have to in order to survive. And that is the real strength of America, we will do what is neccessary to eventually survive. The problem is how much money are we going to waste refocussing, because no one likes to see others suffer, so how bad will it get, probably pretty bad unless you are smart, pay attention to whats going on and of course be flexible, it is indeed the dawn of a new world.

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tom vorenberg June 2, 2009

I think you are right on target. Chrysler last month, GM yesterday and unfortunately, I believe that Ford will come under King O's sceptre next year. Ford's problem is they did it right. They mortgaged themselves to provide the operating capital to avoid problems. It will be the debt that brings them down as they try to compete with companies without debt. I live in the Detroit area, and to say it has been pretty here--is an understatement. It has been 5 years that we have been in a recession, if not depression. House values are less than they were 10 years ago. Businesses are going out of business each day. It is in this environment that I have a question--if the Dollar continues to lose value or is devalued by King O, all assets valued in dollars will lose value, including ETFs. Is it time to invest in hard assets such as diamonds, gold, silver? If so, would you invest in stocks of those assets or take possession of them? Where would you buy and how would you store them? Thanks. tom

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R S Swift June 2, 2009

Suggestions for investments for short-term (6-7 months) might be GOLD,. SILVER, commodities that are consumable (food, water, etc) and also cement. Why cement ? OPbama and the Chinese Administrators have collectively allocated over US$1.5 trillion in INFRASTRUCTURE projects that mostly have cement in common. The market on cement and (possibly US Made steel) could be much higher later this year. Second, after a modest correction of less than 20-25%, the price of oil will (again) doom past US$100 a barrel in the next few years, therefore driving up the prices of oil, gasoline, and plastic products. Again, here is a possibility for a longer term (2-3 years) hedge against inflation and also a gain !

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Linda June 2, 2009

Today, a financial planner I interviewed in order to find a more conservative advisor than the one I current retain --- said he did not think he could work with me because I was a Fatalist -- too doom and gloom in my beliefs. He said he sees the recovery coming soon and everything will go back to normal. GEEZ, is anybody in the financial planning world awake or are they telling their clients lies? I see hyperinflation as the only way out of this debt/currency crisis and I am just an average educated, not so good in math American, self employed, single mom in OKLA. Am I being a fatalist? Or a realist? Help - please tell me I am not alone! How in the world do I protect what little I have, keep our house, as we move into this oncoming crash I see on the horizon? Financial planners LAUGH when I inquire about holding physical precious metals - is this rediculous? How do I know the truth when I read it? Right now I am just trusting the small inner voice that says save, prepare, learn new skills, stay calm...

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Mark June 2, 2009

Martin - Are you taking into account the tremendous amount of "money" that the Treasury Dept. and Fed Reserve is injecting into the economy? By all rights, the stock market should have continued going down on March 9th, but "mysteriously" began it's shocking and unsupported move upwards. There are folks saying that the government, in collusion with some of the banks and investment houses, is manipulating the markets for bank reliquification and to give the impression of recovery. Given that I have no idea what is going on "behind the curtain", I am absolutely mystified about what to invest in, but have a number of short ETF positions in which I am being clobbered.

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Cliff Price June 2, 2009

Dear Dr Wise, I don't disagree with any of your comments, however I think its important to state that the US car manufacturing industry was never very efficient, forward thinking or environmentally friendly, therefore any major economic downturn was likely to cause the collapse of these poorly managed businesses. GM will eventually emerge out of bankruptcy much leaner and less debt laden, therefore do you really think it is such a terrible thing that they are in chapter 11. By the way, I think the US Government Bond Market and US Dollar are going to be in for a tough time in the near and medium term, therefore not holding US dollars or these Bonds may not make you any money but will stop you loosing it for sure. Kind regards Cliff Price P.S. Going forward I feel Commodities linked to a green enviroment should prove to be wise investment

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Douglas June 2, 2009

Dear Mr. Weiss, I've enjoyed your comments as well as those of your staff and have greatly increased my wisdom as a result. Presently, I am retired and depend on investments-but not Social Security yet for my income. I am a resident of Florida and I own two homes-one in Nebraska, and one in Naples, Florida. Both are debt free. In the current economic environment, would you recommend selling both homes (to cut the costs of maintaining two homes) and moving into one house in Florida, or would you recommend waiting until the economy improves before moving into one larger home? Do you see the residential housing market weakening considerably from what it is now-particularly in Florida? Keep up the outstanding work-all of you! Sincerely, Douglas

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STEVE OSBORN June 2, 2009

I TEND TO BE ANTI-UNION, HOWEVER GM MANAGEMENT DESERVES MUCH BLAME FOR RELENTING TO THE UNIONS DURING STRONG ECONOMIC TIMES TO KEEP THE PLANTS RUNNING AT ANY COST. THE PEOPLE I FEEL THE MOST SYMPATHY FOR ARE THE DEALERSHIPS AND SUB-SUPPLIERS. THE OVERALL ECONOMIC IMPACT WILL CERTAINLY BE HUGE ! WHAT ABOUT FORD AND THEIR ABILITY TO SURVIVE ? I HAVE NOT HEARD MUCH ABOUT FORD. I AM CONCERNED ABOUT OUR LACK OF INDUSTRIAL MFG. CAPACITY TO SUPPORT OUR MILITARY !

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Paul Clayton June 2, 2009

I am based in the UK, and tensions in the Euro Zone are mounting. Covert protectionism is rampant (particularly in the aftermath of the GM debacle) with Germany for example saving German car plants at the expense of Belgium. You have already recommended an inverse ETF in the US financial sector - but doesn't the European sector have farther to fall?

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RAUL V ROLA June 2, 2009

I believe one must trade the foreign exchange currency market and then invest a good portion of the profits in gold for capital preservation.

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ernie June 2, 2009

For the last couple of decades GM has designed and manufactured extremely terrible vehicles that were inferior to Toyota, Honda, Nissan, etc. Management learned nothing from the auto industry crisis in the 1970's/early 1980's. By sinking so deep in debt in making dreadful trucks/suvs/cars, GM deserves to be bankrupt.

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Jonathan Bywater June 2, 2009

Hello Martin, I think Larry Edelson broadly has it right concerning the best places to be over the next few years, namely natural resources, particularly oil and gold, with a currency hedge against a declining dollar (in addition to gold). The Far East will grow much faster than the West and will also be a draw on agriculture. It is clear that the approach by Governments to the mountain of debt held by the US, UK and other Western economies will be to devalue. This will help the world economy rebalance and enable us all to get poorer in the most politically acceptable way. For those nations favoring socialist leaning policies this will be particularly so as a means of wealth redistribution. Holding natural resoources will be one of the best antidotes to this. I am one of your million dollar contrarian investment subscribers and agree with the analysis of the world economy offered by Claus but I wonder about the effects of inflation on stock prices. At present company earnings are not rising so rising stock prices are making them much more expensive. But if the Fed is pumping vast quantities of new dollars into the economy is it not possible that we are witnesssing a stock bubble developing that could run for quite some time yet? If so holding inverse ETFs could prove very expensive. Keep up the fantastic work that you and your team perform. I value highly all that you do, as no doubt do thousands of others. Jonathan

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EDDIE ESPINOSA June 2, 2009

Yes, America will survive, but it will take a lot pain and suffering for the American people before surviving. Rising interest rates and money printing (or inflation) will reduce our buying power. So I am positioned already for this 2 things going forward. Profit opprtunities: 1. Bear mkt funds already in place but would like to incorporate (especially Weiss Bear Strategy) still waiting for the program to be in our platform (hopefully very soon) 2. Inverse ETF on troubled asset class. 3. Precious Metals, Energy, Agriculture Thank You and Good Luck to everyone.............

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Wheatie June 2, 2009

Interest rates rising will at least help retirees. Hopefully they will rise and stay a couple of points higher than inflation.

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Mark Clark June 2, 2009

Martin, Thank's so much for your letter's. As for your question; "Will America survive?" I feel that we are heading towards another big bubble crash in the commercial real estate sector with all the recent clousures & bankruptcy's of fairly large businesses like GM, Chrysler, General Growth, Levit's Furniture, Wick's Furniture, Basett Furniture, Circuit City, Linen & Things, CompUSA, Joe's, Mervyn's, etc, etc. I just don't see where in the near future there will be enough new business starts to fill all these empty stores along with so many smaller empty spots in the Mall's in my area of Portland, Oregon. Now looking at this and the other place's that have been hit even harder like Detroit I feel when this finally hit's home we are in for a real rough ride making the housing crash look small in comparison. I hope I'm wrong and all this Goverment Stimulus will turn it back around, but I'm not to encouraged so far. Thank's Again, Mark Clark

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R S Swift June 2, 2009

Even if the government owns a portion of every major bank in the USA; there will be a 'once-in-a-lifetime' opportunity to buy banks, again, at a 20% lower price. Try buying stocks such as STI and WFC and sit back for 3-5 years and get triple your money back (or more). Or set a price of 20-25% lower for the ETF known as: XLF and invest at a lower point than now, and hold for a good period of time, until you achieve a reasonably high goal (gain of >100% or >300% or more). This basket of stocks may really surprise you in the longer term, even if the negative prognosticators hate banks today. Learn from history: Continental Illinois Bank (1970s), Lockheed (1970s), Chrysler (1980), and others that have been 'reorganizaed' through various laws AND sometimes governmental help to a genuine comeback success.

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Bill Fatula June 2, 2009

It's terrifying to me that "government" is going to "run" some of this country's largest businesses, when "government" cannot run "government" with any responsibility and efficiency. To the naysayers, it's not Bush's fault or Obama's (soon to be) fault...the blame goes to Congress...the ONLY answer is to vote against EVERY incumbent (we can't get any worse) and, as Donald Trump would say..."you're fired!" America will survive, but our kids and grandkids will be paying for all this...we're spending stimules money to reward the crooks...maybe we all should become crooks!

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Margaret June 2, 2009

I am 51.....youngest of the old.....oldest of the young........ I (vaguely) remember the days of no credit cards, living on a budget, eating healthy foods, and no computers or divorce. I am back to it...... (except I think computers are not going anywhere).....to stay......and have been since January of last year......as a Real Estate agent, and a baby boomer, I saw this coming.......our boys 15 and 12 (we started late) will either be living in the an economic America much like the 1950's...... or a socialist country much like Europe....... PRAY.....PREPARE......PROCEED........ Margaret...Kings Mountain North Carolina

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Robert Anderson June 2, 2009

What about Gold? I have dropped totally out of the market except for GLD. Today, in the mail, I received an unsolicited report from a guy named Nick Guarino who states that Gold is about to crash! What say you?

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Ray Bock June 2, 2009

We're screwed.

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w Greene June 2, 2009

Martin, Larry and co., My concern is that Uncle sam will be in bankruptcy. What court handles that? What becomes of all those who earned retirement in gov service et al? And US obligations worldwide? Truckloads of dollar bills to buy a loaf of bread ala 1923 in Germany? And end game? Options, futures, inverse funds? Who pays for the gains expected? - A curious 80 something old... We might own a print shop ourselves.

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Eddie June 2, 2009

hi guys my name is Eddie , i am a German guy , living in South Africa. i am a typical "gold bug" and am well invested in gold - and silver- minging stocks. furthermore i am holding high dividend stocks in terms of MLP's energy-funds. also, i do believe in Chinese stocks much rather than in any american stocks. i will only invest in US -stocks, which you will recommand in your million $ contrarian portfolio. for me, the comming missery for the US of Goldman is a forgone conclusion, and i feel sorry for the american taxpayer. happy investing and good luck Eddie

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Marvin Leonardo June 2, 2009

I am based in Canada and a subscriber of the MCP of Martin and Claus Vogt. I bought the recommended US stocks in Canadian dollar but because the US$ is depreciating compared to Cdn$ my portfolio is getting more negative results because of the exchange rate. I sold my Kinross Gold and El Dorado US stocks and bought it here at the Toronto Stock Exchange (TSX). Is this the right thing to do? Do you have other better alternatives? Thanks.

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larrys June 2, 2009

I have seen gold and silver come and go. I think that it is a bit late to invest very much in these, because they traditionally go down in price as precipitously as they gain. There are good values in stocks now, if you can separate the sheep from the goats. Oil and energy, I think, will be good for the longer haul. Certainly there will be others. I am not confident that the bottom has been hit even yet, but I doubt we will drop into the 4-5000s

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Peter Grant June 2, 2009

With interest rates at historic lows, money is piling into the world’s bourses at the moment, as usual looking for the best return available. But that money cannot be in two places at once, and as the stock markets look an increasingly attractive place to be, government bonds, paying ridiculously low yields given the risk of sovereign defaults, look increasingly forlorn. The truth is that all that has happened is that the debt burden has moved up the food chain from insolvent home owners, via insolvent banks, and has come to rest with insolvent governments. But the debt is still there, and will somehow or other have to be financed. As the song goes: "who will buy my sweet red roses, who will buy my sweet junk gilts" Not enough people methinks, and certainly not enough Chinese people. If government’ are to sell their bonds then they are going to have to offer very much higher rates of interest with the destructive knock on effect to the wider economy. Inevitably, with the huge injection of liquidity that governments have pumped into the system, there had to be a reaction somewhere. It turns out that it manifested itself in a stock market rally, and before long, no doubt, in a commodity boom. But the fundamentals have not really changed. It seems to me that the financial system is rather like a company which is teetering on the edge that has miraculously found a new investor to pump fresh money in. For a while, to the outside observer, things look better. The chairman has ordered himself a new car, suppliers have to wait less time for their money, and the broken neon sign on top of the company headquarters has been fixed. But the company’s business operations which brought it to its parlous state, are not fixed, and when the cash injection runs out, normal chaos is resumed, only this time not only is the company bust, but so too is the benevolent investor. The banks have not fixed their business. The toxic assets that nobody wants are still out there, unrealistically valued. The huge infusions of cash that they have received inevitably give the semblance of new found prosperity, but the huge credit bubble that fuelled their enormous profits will not return for a generation. Even if they had the funds available to lend, who is going to want to borrow at the previous level. In the same way that our parents and grand parents had a total aversion to debt developed as a result of the 1930’s catastrophe, so too will our generation follow. The credit card junky will become a piece of history, and the consumer boom fuelled by the borrowing habit will not return for a very long time.

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don wood June 2, 2009

Hi Martin: I am a foremore GM dealer, I sold my two franchises in 2000 and put the money into my Honda store. This was a very good move for my family and me.I feel very sorry for everyone but the hand writing was on the wall for 20 years. Going forward we have big problems, GM is still an unsatainable business model here is why the two governments and two unions who well run GM well not build a quality car that the public will buy. Also our brillant central planners (who run the gov.) well run gas up to $6-7 thinking this well save Government Motors and they can collect $Billions in more revenue, but they forget that other players sell cars in North America and have them beat on quality and gas mileage i.e. cost of ownership. This is also a metaphor for our wonderful country.Like GM and our states they well now go to Washinton every year and beg for more money.

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John Arend June 2, 2009

What are the prospects or probability that the Up-Tic rules will be restored so as to have protection against volatility caused inability of brokers to honor stop loss and limit Forex orders?

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Tommy Eubank June 2, 2009

If the average American beleives one must stand on his own two feet, the future for our country is bright. If that average Amercian beleives he will enjoy the benefits of our nation without person cost then the USA is doomed. Every advantage or benefit has an ofsetting cost. Each individual must be allowed to decide for himself how much effort or cost he is willing to expend in the pursuit of any desired benefit or advantage. I cannot decide what a particular benefit is worth to you, or vise versa. If I do not decide for myself, the government will tell me what benefits I will enjoy and tell me what the cost will be. This may sound good to a slacker, but it is unacceptable to anyone who aspires to a productive and prosperous life for himself and his family. We must be come politically astute, ellect good peopel, and make sure serving in Washington is a temporary job with spartan benefits.

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Fernando Herboso` June 2, 2009

I agree with most of your assessments in the American Economy. We are obviously in trouble but. . . there is a hope in the horizon and that is: America will rise and surprise it's critics once more. . . Our future is in our resolve to fix what is broken and never lose hope.

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Carol Skaggs June 2, 2009

I think government is trying to make America fall and unless God intervenes it may very well happen.

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ed June 2, 2009

All this is a shame and a show of force of arrogance. That goverment is smarter than we and they have the solution. I wonder how much time do we have before we, THE US, implodes. 24 months? 18 months? What is the end game supposition of the regime ?

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Bobby Barrington June 2, 2009

Too me it is looking bleak for our nation as a whole.

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Mia Archer June 2, 2009

I di not see that we, the people, are being given the information we need in order to be able to even guess at what is REALLY going on in our government. We hear a great many stories..most of them differing points of view, and all spoken as absolute fact. We have a "secret" group of "world Billionaires" who now dictate world population, as weel as other unknown matters thet we are not allowed to share. We have a president who determines in the religious capacity for us. It appears to me, that our ideas for the future of the country lie, not in the constitution, or in what we understand of the past, but in a new plan for our future, but not with us...a path being designed for us, without our help, but not with our input. or any recognition of our needs or desires, or freedoms. The government is taking over private business..What happened to "Free Enterprise". And everyone is accepting all of this as "just fine"..! Well..I am not accepting any of this hokum..! My family arrived on the Mayflower...America runs deep in my blood. No one is big enough to quiet my right to speak out against wrong..! I may go to jail for what I say..I may die under the jail.. but I will die an AMERICAN... Abraham Lincoln said thet America would never fall from the outside, but might fall from the inside. Well..What do you think we are looking at..? Where are our REAL leaders..They are out there somewhere..It's time to find them...or...else. The economy.? Well..do you want this nation to stand..or don't you..?Frankly, I do..! We can do it, but in order to do it, we need to regain what we have lost and are losing...SOMEONE DOES KNOW HOW..and I say..elect that person..! KICK ASS..! Mia Archer..for America..!

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Clas Ekwall June 2, 2009

Since 2005 I have had 75% of my liquid assets in half gold and half silver, and then 10% following your MDCP guidance. This has more than doubled my liquid assets over these four years of frustration for so many, and I will stay safe under your wings for many years to come. Thank you for your guidance, Martin!

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David A. Laibow June 2, 2009

In 1912, General Motors published an advertisement that began "The Penalty of Leadership" and ended, "that which deserves to live, lives!" The people who have no higher skill level than assembly-line work are in for a very bad time in the next couple of decades, but with a population of about 300 million people, about 10 million new cars will be sold or leased each year, and people will still buy, lease, drive and maintain used cars. Life will go on, but without GM and its nameplates. That's called life, and it does go on. If a "new" GM can go on, good; if it can't, other nameplates will take its place. If the United States Constitution ends up on (or in) the ashheap of history, life will still goes on. My money is for China to become the world's dominant economic power for about half a century, with the U.S. as one of its client states, and then it'll be succeeded by another dominant economic power. America doesn't have a divine right to worldwide economic dominance -- it only lasted from the end of World War II until 2008, and now it's somebody else's turn. Entrepreneurs will just have to adjust to changing economic conditions -- "that which deserves to live, lives!"

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Mark June 2, 2009

Let's end this madness by allowing the Federal Reserve to manipulate our lives. If you too would like to see Ben Bernanke squirm and finally discover what the Fed has been up to behind the scenes, call and write your representative and ask that they support the “Federal Reserve Transparency Act H.R. 1207″. God Bless Ron Paul.

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Brian Cook June 2, 2009

I believe the markets will rise on pure hype, manipulation, and false hope until the end of the summer. Then rising rates, surging unemployment, a more serious round two of swine flu will finally collapse this market to deep new lows. If you still want to play long in the market at this stage of the bear rally still, I'm doing it with covered calls in case I wake up one morning and the market is down 10% over-night just because it should be. Good luck and be careful out there.

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Ed June 2, 2009

All this is a shame and a show of force of arrogance and that goverment is smarter than we and they have the solution. I wonder how much time do we have before we, THE US, implodes. 24 months? 18 months? What is the end game supposition of the regime ?

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john walker June 2, 2009

I live in CA Bay Area. It doesn't appear to be hit so hard here. I read lots of doom & gloom on websites, but when I get around outside and talk to people it's no different then the recession of 1991-1993 era. There are people unemployed, but this economic situation still hasn't really left significant impact on most. I am taking pay cuts at work about 15%. I read a good book called "High Wire: The Precarious Lives of American Families" that preety much describes the vibe here. People are just finding other means of supplimenting their income--sometimes illegal (but that's business as usual here).

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Lawrence Miller June 2, 2009

I don't know how many of your readers are 80+. I have enough in cash and Treasury only money market funds to pay my expenses for the next 8 or 9 years. Should I be wasting my time researching investments? The thing is I sort of enjoy doing it and making a small bet on gold, commodities or currency now and then. It would be great to hear what you think. I realize your investment advice is directed to those with a little more distant time horizon. Many Thanks, Larry Miller

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Mel Blum June 2, 2009

The government is faced with the following prospects 1. Cut spending - highly unlikely 2. Raise taxes - too unpopular (and too much would be required) 3. Turn to socialism or fascism (would probably cause an open rebellion) 4. Borrow and print more money and inflate to cover it all up Guess which one they'll choose? The Republicans criticize the Democrats and vice versa, neither one will change the game Nothing seems to have changed since the days of Caligula and Nero and through to the Weimar Republic and now us. Since we don't seem to learn our inflationary lessons from history I guess we're doomed to repeat the same mistakes over and over again.

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Charles Martinez June 2, 2009

I'm confused about the mixed messages I have received from Weiss. The latest Safe Money recommended shorting Emerging Markets and then you sent out a recommendation to purchase U.S. Global Funds. Those two recommendations seem to be inconsistent.

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steve June 2, 2009

Geithner is in China, he was taking questions from students, they laughed at him when he answered a question that he thought US and China assets were safe.

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jj June 2, 2009

I just think the whole financial system/fiat monetary had reached an endstage -- the whole thing is a GONER! So, what's been happening are manifest symptoms of a rotten system larded with greed, deceptions, fraud, gangsterism, ...., it's very deserving to meet its end. Again, It's a Goner! No matter what they had tried and will try to save it!

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William Younger June 2, 2009

I expect to spin off my U.S. Stocks, as I do not own any of the others listed.

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marty doyle June 2, 2009

Martin, There is one huge ASSUMPTION beneath everything, and that is the U S country won't and can't go under. But right now we are in the biggest BUBBLE of all time. The U.S> government buying and supporting companies (Fanny, Freddy, Gm, Aig, and many others) and banks ( Jp Morgan, Bank of America, Citi, etc) and all to the tune of about 13 TRILLION dollars. Where is the money coming from ? It isn't from taxpayers. It is from the printing press. What is backing this printing ? NOTHING. It is air money. No one has earned or saved it. This printing process has worked for many years for us but now when the bubble is burst ( and I think it will happen sooner than later ) There is no economy and there is no money. Money is a fallacy just like the printing press air money, and now we will have to rely on the genuine magnificent heart of the American people. By the way, your accounts at banks will be stolen just like they were from me in the crash of '87. When people are desperate they do desperate things. Marty Doyle

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Kenny June 2, 2009

Lets see, in 1960, three silver dimes bought a gallon of gas, Today three silver dimes buys a gallon of gas, In 1862 Henry firearms sold their first rifle for $40 two gold coins, and Today the similar rifle is $1895, wow two ounces of gold. Protect your savings. The market will re-crash over the next three months, load up on the shorts. Now we have GM the peoples auto..... you know like in Germany with the VW. Good luck, stay protected and the ammunition dry..

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georgia June 2, 2009

is it time to buy stocks?

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Frank June 2, 2009

I think we should have let GM die on its own instead of propping it up, it will eventually fade away anyway. We should not be propping up all these companies, let them fail, in the short run it will be painful, but in the long run we will be better off. Alexander Hamilton is probably rolling over in his grave as our capitalistic society is slowly turning into a socialistic society. As for current investments I like some of the biotecs as DNDN and a MLP exchange traded fund TYG w/ 8.5% yield. Have a good day all.

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Jeffrey Din June 2, 2009

I believe that the US will have a very long depression due to the greed of Wall Street and the Feds. The Feds will silently rob us through inflation with their money printing and we will work 16 hour days 7 days a week just to make ends meet. My old boss from Verizon told me, "Gone are the days of the 40 hour work week. To make ends meet and to accomplish our goals in this company you must put in extra hours and effort to do what it takes to get the job done." This has been the work ethic of struggling companies in a struggling economy. This means companies expect you to do more work and don't pay you for it which means- they are cutting back! I believe we may not make it through the decade as these are warning signs. 401K, forget about them. They have so much crap in them, you lose out even when the market is up. Some factors pull it down and make you earn less than if you chose winners. Of course, inflation will be so much on the rise to pay back the mountain of debt that even the raises and interest you get from banks or money market accounts won't cover it. I would say it will be > 11%. The best protection against this inflation is precious metals and commodities (whatever you can physically get your hands on or else the ETFs or stocks from junior mining or agriculture companies.) As far as stocks, invest in BRIC countries- Brazil, China, India, and Russia. I tried currencies but I didn't like it because of the risk. The US news is so bad that they try to sweep it under the rug. The analysts get the reports before the public then cite a number lower than the real reported number and then they say it's "better-than expected." For example, the unemployment official number is 9.7% then they say they predicted it at 10% after seeing the official number and then they report that unemployment is "less-than-expected". This is where all these green shoots are coming from. To me, this is a sign of desperation and a last ditch effort to get suckers to buy stocks. Heck, they even dropped the lowest grades from the Dow Jones Industrial average. If your grades are 20, 60, and 100 and you drop the 20 and replace it with an 80 then of course your average will go up from a 60 to an 80. Wall Street is so full of Bull%^&* that we even had a bull market these past 3 months. We are long overdue for a correction and it needs to happen soon or else we will be in this depression for "longer-than-expected". Anyone seen "Soylent Green"? JD

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Anthony Pensiero June 2, 2009

I think that the market is going to go straight down ...thats what this administration wants so they can rebuild us as a marxist/socialist country so i bought so far 8.4 shares of DXD its a double inverse etf

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Ed Johnston June 2, 2009

Key Question: In the shorter term (6 months to 1 year) will we have continued (and even worsening) deflation before we have run-away inflation, or will we have inflation followed by deflation? In all cases, ultimately, I believe we will have a severe case of inflation.

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William Younger June 2, 2009

I am very concerned at this juncture. I often wonder will my Social Security survive the ordeal.

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Kishin June 2, 2009

you seem very bearish and bleak about USA which yu have been insisting on since quite a few months, and yet the markets have rallied very strongly since March 9. Inspite of GM's bankruptcy yesterday, the market closed very high . the Dow is only fractionally down from year-to-date, whereas the other 2 indices are up. All other markets including European , which is beyond logic, are much higher year-to-date. The impending further downturn does not still appear to be happening. the investors do not have so much patience to wait for 3 months for the forecast to come to reality. If Dow has gone from 7300 to 8800 since you predicted further downturn, and now if it goes back to 7000, it will not carry the same happy memory. you had also predicted stronger dollar , but since the stock markets did not go down, the dollar went weaker, .......although very rightly gold has gone up. I am long dollars against Euro and suffering heavy losses. I wish to seek advice from you if one should seek exit at this level of 1.43 , though i feel that Euro gains are highly overextended both fundamentally and technically but it is the fear that now is gripping me. Please offer guidance. Regards, Kishin.

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Jack June 2, 2009

The USA will not survive, massive societal collapse will lead to civil war, and international subjugation at the hands of foreign economic and eventually military invaders. So sad so bleak, but a new dawn will open in which we will have learned some lessons, it always does!

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Dan Mahl June 2, 2009

My opinion is quite simple. This past year we elected our first Communist President. We didn't need China or Russia to conquer us. We did it to ourselves. I doubt strongly that there will be a Presidential election in 2012. For this and other reasons, I believe paper money is dying, dying, dead. Commodities with intrinsic values are the only things to own and hold.

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blaine savage June 2, 2009

Bananna Republic management tactics, will lead to Bananna Republic results. The 536 elected (misrepresentatives) officials in DC, our President and Congress, obviously have no concern about ever paying back the mountains of irresponsible debt obligations they have inncurred. As long as buyers of our Treasuries continue to support this agenda we will continue to dig in deeper. There is no mathmatical way to pay this money back, unless the dollar is substantially devalued, and even then it may still be impossible. This country would be well served if Treasury investors would stop buying US Treasuries and perhaps that would restore some common sense to our elected officials. Blaine Savage SLC UT

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steve gibson June 2, 2009

First, I would like to thank Martin for providing people like me the tools to weather this crisis. I first heard Martin speak at the New Orleans Investment Conference in 2003. He has been correct at every turn of the US and Global Economy. Precious Metals will most likely be the best place to be. Commodities will most likely follow. Most will rather own hard assets than the promise of payment. Thanks again.

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Ron June 2, 2009

It is just a matter of time. At one time I thought holding on to my dollar (cash) would be safe, but nmow I know even that is no longer true. This is not just about economice conditions, but rather man's inability to control their greed. Civilizations have come and gone, and one day so will ours, but this time "its a global thing". I've taught my children to hope and pray for the best but consider and perhaps expect the worse. I think we (USA) will all need to learn how to be hungry, like so many other people in this world.

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vijay patel June 2, 2009

America will survive. Interest rate will go up and dollar going to devaluate but Mr. Bernake going to play hockey game and make goal either in mid August or in December i.e. The day US govt. took charge of wall street. He is going to bring same Dow Index. and then make exit. After that market will fall and come back by own. Gold and Currency are good play but Mr.Bernake keep under control by Oil price and some other manipulated data. Vijay

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quen howard June 2, 2009

My question ,, how do we as citizen make it (survial)? We need a bail out. I think the white house (DC) need to rethink how and what they are doing when it comes to spending money. Is there any money for colleges/education for our youth?

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David Priest June 2, 2009

i work for a living so i watch the stock market, not play in it. but investors are going to drive oil back up. that will drive everything else up. inflation sets in and the working class suffer. my wife and i will grow a garden, can and dehydrate all that we grow. i wish i could have bought gold when i first saw this coming. i would still do it if i had money to spare.

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Tim June 2, 2009

I would think the precious metals and Asian markets would be the most secure right now, but then who would've thought Grandpa's GM stock would be worthless!

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JT June 2, 2009

Past performance may not be indicative of future results. What is happening now in America has never happened before anywhere on the earth at any time. Nothing even similar, not even The Great Depression. The Obama adminstration's destruction of the basis for commercial law in the US by their actions in regard to the AIG bonuses has undermined the entire capitalist system in this country. Why would anyone in their right mind invest in anything that even vaguely depends on a contract with any company in the US? And the US economy is still the strongest in the world at this time so all other economies are, for now, dependent on it to some degree. It's not so much an issue of GM or AIG or Citi or any one company's troubles as it is about the "solution" being applied and the method of applying that "solution." I don't think we're in Kansas anymore, Toto.

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Albert M. Bryson June 2, 2009

The United States as we know it is economically, morally and spiritually bankrupt. We need to forgive all the debt and start all over. We need to elimate the current federal government and revised the government based upon the 28 principles of our founding fathers. We are a failed nation. We truly need to term limit all elected offices to one term only. No more career politicians and bureaucrats who think they know better. Regarding education no tenure for college professors and public school teachers. We also need to elimate the unions as well. No more social security, medicare and medicade, no universal health care for all. We need to closed our borders and not allowed any more immigration into our country for at least a decade.

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Deryk Houston June 2, 2009

I am an artist. I know little about the financial markets other than what my common sense tells me. I sold my investment property two years ago at a peak because I watched people leveraging their equity to buy marble countertops with gold taps and new forty thousand dollar vehicles. I watched people vote in a government that spent billions on war adventures twice and wondered how long they could afford to do that. I can't help but crack a smirk when I hear investment councilors say that "no one saw this coming". Even after all this has happened, governments still think that they can spend their way out of this. It boggles the mind.

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DrMike661 June 2, 2009

Dr. Weiss, I started to deleate your letter before I ever read it because I have so little to invest, I can't see it mattering, plus I know very little about the market, if anything. However I do know whar rezileance meanseven if I may have misspelled it. This week I'm supposed to come into some money to buy a car. I want a Cadillac. I probably won't get enough money to buy a new one, but I want one none the less. I know how I have made, won gambling and lost millions over the last twenty years. Things look pretty bleak for me right now, but I'm not willing to give up. I'm 55, and feel and look half that. Every month I have to buy medications that cost a bundle, until I stumbled upon Rite Aid. Rite Aid is the only pharmacy I'll go to if at all possible. We, as Americans, in the capitalist society have to be a little greedy and hungry foor more to survive. Rite Aid on the other hand charged me close to a hundred dollar savings on 2 name brand medications. I called every pharmacy within fourty miles of where I lived, they all had raised their prices dramatically in one month. I was prepared to take a hit from them too, but because I became a member of a Rx Savings Card, I got a great break on 2 name brand med's. I was also surprized that one of the medications in a liquid form was factory sealed and full strength. Wallgreens on the other hand has prices that should be illegal, they're back at the same thing that had them suspended from selling name brand med's because they were charging insurance companies for name brand and giving their coustomers generic. There Is a voluntery price match program most pharmacies go by, e.g. if I know a store twenty miles down the road charging 300 and you're charging 335, you'll match it to keep from losing a coustomer. Wallgreens won't hear of that. If General Moters could somehow, even if they lost money for a couple years did something similar, it could still possibly come back, somehow someway! Pharmacys know people will starve before they will go without their medications. I will wear old but clean cloths to drive a Cadillac, not to show off, but but because I know it's the safest car on the road, and On-Star, only a fool would drive a car without it. How can we as Americans come together and save General Moters as though it were a cat falling fromm the 22 ND floor of a building? If is a big word, but if every man, woman, and child in America started putting money into G M, even if it meant we were going to take a loss at first, and if G M's emploies agreeded to take a big pay cut, the most highly improbable thing on Earth could happen. And Uncle Sam needs to start fining pharmacys that are robbing people blind and use that money alone, it would be enough to save GENERAL MOTERS. I'm just a dreamer, but you've got me going today. Nobody would listen to a fool like me, but you they would listen to. Just a thought Dr Weiss, but I know who's crippling the economy,at least my economy anyway. Thank You for listening. DrMike

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gary nelson June 2, 2009

Martin; All the responses echo my thoughts. But, will the government accept the TARP money back from banks or will they stonewall repayment with policy and hurdles. This will be the signal of how bad it will get with Nationalization. Look for the signs of control in every facet of our lives from lightbulbs to laughter.

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Don Newell June 2, 2009

It just amazes me how 'random' events, from 'out of the blue', seem to promote stated Council On Foreign Relations agenda items. Honestly, I am less concerned about the fate of the 'republic', the Dollar, or our 'values', than I am about the fate of HUMANITY… as the CFR proceeds along their oft stated depopulation agenda ('Sustainable Development' - NSSM 200).

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jasmeetsingh June 2, 2009

to my views this thing is sure to happen as due to rising costs & constants decrease in sales GM should have to take steps to increase in sales & investment opportunities should be increased not by heavy leveraging there should be corporate restructuring, equity valuation & analysis financial reporting should be strong of company company is highly leveraged and due to leveraging they have increased in business & financial risk company should go for investment opportunities alternative investments in fixed income securities, futures trading of bonds, emerging & global investments but should consider interest rate,exchange rate & price risks as there will be high translation & transaction exposures

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Dewey Maggared June 2, 2009

The way I read my Bible, our circumstances will get much worse. I lived through the Great Depression- this one is going to be worse (In my opinion) The bible speaks of people throught their silver and gold to the bats and the moles- figuratively that is what has been happening far too long. I have been investing in silver and gold for many many years.- Perhaps I can ride through some of this inflation. But I think we can also expect our wonderful Gov't to confiscate these- when times get even worse.

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Julian Parry June 2, 2009

The decison to move into the UK into service industries at the expense of manufacturing was made in the mid 80's. So I see all of this as part of a long term plan that has either failed or come to fruition. The Chancellor says the bust was unforseen. Fred Harrison foresaw it in 1990 and sent his book - Boom Bust, house prices, banking and the great depression of 2010 - to the Treasury. So they did know what was coming. The question is this; is this credit crunch an accident of time and negligence or is it the result that someone intended? The designed increase in debt, facillitated by a credit card culture, followed by an orchestrated collpase of the banking sector by a simple rule change on liquididty ratios, suggests to me that there was indeed an attempt at an ochestrated rip off aimed at impoverishing the many for the benefit of the favoured few. Let us not forget that Brown took the pension funds because it was "prudent to do so". So we must ask ourselves, was all of this part of a clever attempt to encourage other economies to produce hard goods whilst the favoured few in the banking economies, litterally conned everyone into a new form of poverty. If so, do they now plan to finish the job with a massive inflation campaign, posdinbly involving deliberate hyper-inflation, to balance the books, ( at the real expense of the Chinese et al?) in a way that further divides our society as well. If so ,what furture do they envisage for themselves and everyone else? A master / slave relationship perhaps? What is the real reson why it was arranged this way??

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gerald schul June 2, 2009

It seems like most of our manufactoring was delibertly sent out of this country. Why is the big question. America has lost too many jobs, period. In 1967 when I graduated from high school, I had many jobs, with several good companies to choose employment. In this area, Middletown, Ohio, there is literally no choices now. The middle class numbers have fallen, and poor people just survive, and do not buy new cars, etc. Ronald Reagan wanted a service type economy, and maybe he now has his wish.

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John June 2, 2009

What's really alarming is that most people have a hard time visioning how far the U.S. is in debt. If you ask the average citizen what we should do to solve this they don't have an answer because they think that things will just work out because America has always overcome adversity before. My answer to those is we are in way deeper than ever before and we are not in control of our own destiny due to the immense relianceon other countries to keep us afloat by financing our debt. When our taxes are increased and inflation is out of control please people don't compain it will be too late- time is running out!

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Fernando Nogueira June 2, 2009

Thank you for your accurate analysis and insight into the current world financial turmoil. In the midst of the current volatile conditions I am keeping out of US, UK and European stocks and concentrating heavily on cash and Far East funds, which have been showing very nice consistent returns over the last 7 months. I believe any uptake in the world economic picture, is going to be led by China and the Far East economies, long before we will be able to see a more stable picture in the US, UK and European economies. Like you, I believe the worst is still to come, so I am keeping out until further notice!

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mike June 2, 2009

HI MARTIN, AS WRITER MARK MENTIONED, IS THE GOVERNMENT AND WALL STREET,BANKS IN COLLUSION IN PROPPING EVERYTHING UP?

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brandon June 2, 2009

I believe the most secure area to invest your money is in real estate. If you can purchase at today's bottomed out prices just think of what you can sell for in an improved market with rising inflation. The dollar is shrinking therefore it is going to take alot more of them to create purchasing power.

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Chris Hicks June 2, 2009

I don't see how America can survive when the dollars are being printed like Monopoly money, Federal Reserve selling bonds, buying bonds. supporting Iraq, so many other countries. We have China's Treasury Bills to repay with Interest. Does China almost own America now? As President Obama is for Abortion, against God's Commandment of "Thou shalt not kill", will Our Lord help President Obama, I am afraid to answer that one. I look foreard to your knowledge, Martin Weiss

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John Ball June 2, 2009

Dear Martin , Though I am British I have been following your warnings and advice avidly. Every thing you have warned about and predicted seems to have happened and though things are a little different in England I use your advice and warnings to stay clear of trouble here where the problems appear similar. I think that it is not just the American people who have a lot to thank you for with your experience and uncanny knowledge of the markets. God Bless John

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Jean J Pichon June 2, 2009

Yes, the U.S. Economy will survive. From an outside point of view, Canada, it appears that the US can build just about anything but if the budget is without limits. Can the US industry build products like small good cars and be competitive? I am not sure. I beleive that the US economy will really progress if companies like the "New GM" look at the present and future needs and desires of the new (25 years old) and retiring generation (70 years old) and offer small and inexpensive good cars (a Chineese Tata) before China floods the US and Canadian markets. Inovate, with a price advantage. If everyone (Unions and Management) push in the same direction, it could and should be done. Time will tell. Note: Thank you Dr. Weiss for your work and for keeping very helpful people on your staff. A phone call to them is always a very positive experience. Thank you. Jean J. Pichon

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Sam Greenblatt June 2, 2009

Martin - I understand clearly the concern about the US Governments debt and the ramifications it has on the future. That being said, it appears that there are signs of a recovery and with both India and China working with the US, I feel more confident. If I would have invested in some of the reverse ETFs like you had recommended, I would have lost a fortune. Please let me know if you are beginning to change your position with respect to the economy.

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chris rivers June 2, 2009

nervous - scared -- If government fails -- goes bust - what happens to all the liquid assets you have been recommending we move to ie 3 month T-bills Is there an alternative safe haven -- maybe some other currency in a more stable economy I was thinking CDN - but they have exposure to GM and some debt -- I don't want to put it in gold - if US does go bust - with hugh exposures to Medicare, social security looming and the bailouts -- what is the timeline - is there away to take advantage and still have safety liquity

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DWAYNE June 2, 2009

Hi Dr Weiss. You have covered almost all potential financial money pits in your forecasts- THANK YOU. But you have not to my knowledge commented about market market funds linked to brokerage accounts or the brokerage accounts themselves....are these monies safe with the brokerage insurance of SIPC??

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Lucky W Donegan June 2, 2009

My thoughts are that the only thing that will be worth anything for survival will be your experiences in life such as: Helping people, or that knowledge of electronics, computer sciences, mechanical abilities such as doing repair work. Such as in doing barter with others in trade. There is a day coming that such abilities may be the only differences of whether you have food upon the table or not. Additionally education and those abiliites that it affords will dictate as to how you and your familys survive or not.

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Dean June 2, 2009

This is a country in Moral breakdown. All of this is caused by a change in nature of Americans, caused by an internal propaganda attack of over 50 years. Did Americans lend money to people who could not pay years ago? Did we buy houses when simple math reveiled we could not make the payments? Did we live above our means with credit cards and home equity loans? Were our hero's Paris Hilton and Britney Spears? Did companys gamble with complex financal instraments instead of good products in order to make money. Do people want independent strength anymore, or someone to give them something? People could think back then and had morals, now we do not. Until that changes, no, we will not survive.

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Bryan Stamos June 2, 2009

There is an absolute plan designed to make America fail. We could not have a one world government, a new world order or a one world currency if America were the world leader while maintaining it's strength, values and freedoms. Consequently, this must be destroyed and must all come to an end and it will. Sad to see it but this is what needed to be done to create a new world order. A world not under the rule of the jungle but under the rule evil men for money, power and self-gain at the expense of humanity.

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Capt Sandeep Sharma June 2, 2009

Dr Martin, Can you please tell when will bear market rally end? According to economist they think stock market is going to robust rally this year.What is your opinion about this. I have some energy stocks in Canada which is paying me Dividend of 12% should I sell them or keep it. Thanks for What you do for American people. Regards Capt Sandeep Sharma

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Harley June 2, 2009

History will be "repeated" only in Phantom form. Reality will be a new experience of which we have little idea. The key to what will happen, I believe, is peoples attitude and willingness to "get on with life". So much of what we are experiencing in 'downturn echonomics' is due to the constant hammering by all media naysayers and doomsday prognosticators. People were 'bit' by ignorance in the 30's and today isn't much different. The main thing they share is greed. Everyone wants to 'make a buck' and don't care who gets stepped on in the process. They also do not consider the consequences of their actions! (Nor do they care!).the 'outcome of the economics mess' will be determined by our younger adults. If they wake up and face the reality of the situation quickly, there will be a much quicker recovery. The passing of every day will have a great bearing on 'recovery time'. This is 50% (or more,) a mental situation!

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Chalmers Ingersoll June 2, 2009

We are witnessing the fall of Rome (America) I'm bearish and I'm positioning my portfolio accordingly this bailout bubble will pop and when it dos watch out below. l

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RW June 2, 2009

Martin will the economy survive: YES, but a much more regulated an government controlled economy for at leat the next 4 years Will interest rates rise, I look back at 1980 Reagonomics when prime was 20%, CDs were at 15% inflation was 20plus %, so given what is going on now, I believe we will see a spike even as much as 1980 before the 4th qtr 09. Where am I investing, GOLD, Treasuries, Mun bonds. at 67 years old looking for more stability than aggressive growth my 2 cents worth thanks RW

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BONNIE ABBOTT June 2, 2009

I AM INTERESTED IN INVESTING BUT AM VERY CONCERNED ABOUT WHERE AND HOW. ALSO I WOULD LIKE TO CHANGE BANKS, AS I AM BANKING WITH BANK OF AMERICA RIGHT NOW. PLEASE ADVISE. THANK YOU.

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D J East June 2, 2009

We the people of the United States of America, need to stop Look at our Country Think in the words WE THE PEOPLE and OUR COUNTRY. It was no government body that built this country, it was the PEOPLE. It has always been the sacrifices of the people. We have government to assist the People in maintaining structure, not changing the structure that is the back bone of our country. Our Constitution has stood the test of time and it will with no interference continue to hold up for the majority. We need to support our commerce, our businesses. The grass is not greener on the other side of the fence. Radical thinking and behavior is bringing our country down. I am very opposed to (Modern) ideals, or the lack there of. Basics Lets get back to Basics There would most likely be less out of the box thinking if it were not seen as the new way to behave, (let's see if being a rebel works) We can not expect all people will always think alike, we don't need to applaud radical thinking that brings business and morals in our country into harms way. Those who love this country need to stand up and be counted with out the threat of harm. We have come a long way and have a long way to go. We must not bow to liberal thinking it can not override all we have worked so hard to build for generations to come.

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Adel Soliman June 2, 2009

This stage is considered dangerous for that I do not have any idea about what is required to do for profit or investment, and what the next step and how Please help. Thanks.

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PB June 2, 2009

Is Gold and Silver the only safe bet left?

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scott June 2, 2009

In our efforts to make the world a democracy. We forgot that we should be making everything and selling it to them instead of us setting them up to sell it to us. As it turns out all our enemies we have had in the past we have helped to kick our butts now. Remember when all the photos from China were people riding bicycles in the streets? Well thats probably us soon, while they drive G.M. China Buicks and look at pictures of us riding bicycles in the streets. By saving a few bucks sending all our capabilities to another country and not caring about fellow Americans and only about the bottom line. We got sold down the river many years ago. Our country is weak getting weaker. I just aired up the tires on my bicycle...oh yeah....it was made in china.

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Scott Meeson June 2, 2009

The government and the stock market make it awful tempting to think everything is turning around and the future is looking brighter;then I read these newsletters and realize the reality contained within-is being buried by the masters of spin. (government and the stock market professionals) How does this nation create new wealth? How do we create those economic engines that replace the old horses of years' past? When the old horses start to die-we are all hit in the pocketbook, and we are all placed in the forefront of economic disaster....A disaster that has NO quick solutions. Labor Unions have had their day, time to get back to reality.

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Geosam June 2, 2009

The approprite question is what will the surviving USA look like? We are resource poor except for Land (food and trees), Natural Gas and technology. We will able to buy fewer natural resources from the world so we will have far fewer of them. Our homes will be dramatically warmer in the summer and cooler in the winter. We will drive and travel less. We will build much smaller homes. Many, many many will return to rural settings to raise food (fortunately they will be able to keep in touch with communications technology). We will sell the world technology for the goods we import one for one no more credit. Therefor on a relative basis we will import far fewer good and have a lower standard of living. Will this happen dramatically in a few short years or over decades? -NO ONE KNOWS, TIME WILL TELL

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Paul W. McDaniel June 2, 2009

Although my real estate appraisal business in Austin, Texas is currently very good due to the low interest rates, I am extremely concerned going forward. I believe the president is economically clueless, and has the instincts of a socialist. At age 50, I have serious concerns about my future retirement, and I don't expect the government to provide it. I must make my own way, and figure I have 20 years to get myself situated.

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Henry (Hank) Hall June 2, 2009

I retired from active duty in the USAF in 1970 after having served 20 years in the hope of living in freedom in a wonderful country; however, just a few short years ago when our congress went nuts - each party vying to exterminate the other rather than keeping an eye on our government - I began to lose hope. Now I know that our congressional representatives have only themselves in mind when they THINK, if they think at all. Our capital no longer exists and I believe that only precious metals will suffice as mediums of exchange in the very near future. I should have panned for gold instead of trying to protect those who represent us today.

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Allen June 2, 2009

It looks like the apocalypse and armegeddon. I am investing in canned goods, ammunition, beehives, egg laying chickens, grain, stored foods, etc.

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Marc McGovern June 2, 2009

I think it will be several years before US Treasury yields increase substantially. A Japanese deflation is possible in the US where they don't increase for decades.

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Alfred L Moniot MD June 2, 2009

Hola Martin, You often speak to the choir. I'm an expat with many assets offshore. I actually have two separate estates - one in the US and one here. At the moment neither will be subject to estate taxes. I'm currently (since late Feb) long in the Aussie dollar. No longer pay US income nor US property taxes, but collect (max) SSC, and later this year, MC. Only a 2 hour flight to IAH or DFW for any health care. Instead of our $19,000. Dallas property taxes in 2004, we pay $432. annually on our 6500 ft sq house. Live like royalty with housekeeper, gardener, and cook. Unfortunately for my (3) children and (2) grandchildren, I think the US is hopeless! ALM

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B Feeser June 2, 2009

In the near furture, Metals down Market down Dollar down Also Safe Money Portfolio has been down a lot. Will it recover? I have $100,000 in it and holding. Contrairion Portfolio - where are the stops??

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George June 2, 2009

Our economic problems are the result of debt caused by the belief we have held for decades, namely, that we can spend our way to prosperity and always pay for everything with cheaper money. We have relegated this power to our federal government. It isn't difficult to predict what we have practiced and chosen as our future state. Socialism and our currency is the effect, our vote is at cause.

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Shawn June 2, 2009

I first would like to tell you how much I enjoy, appreciate and respect your articles and opinions! I think more men like you should be running our country not the clowns currently running it into the ground. I guess that statement foreshadows my opinions on where this Poor Proud Country is headed. I feel the lazy left and blissfully unaware "Republicans" (I consider myself to be a conservative but don't particularly feel tied to the previous "conservative party of Republicans) have let apathy, greed and self centered blindness lead us into allowed leadership by men/groups that didn't have America's best interest at heart but rather filling their own pocketbooks. Bleeding just enough cream off to the general public that wouldn't be aware of the Socialistic noose being tightened around their necks. I think the move towards killing America and creating a more unionized social entity started with the first Bush administration and continued until the obvious hangman arrived in office now. Look at who we ran for President????? McCain????????? Please that man can't put two sentences together and make sense. There is so much more at play here than we even can begin to know. I think guns, gold and dry goods are the best investment in our future because its going to take a revolution to turn things around take America away from the World Finance Forces/Wall Streen and return her to the true American People. One more question though??? How did a radical muslim "black" man with duel citizenship and ZERO experience become the President of a Nation founded on Christian beliefs and principals? God Bless and Good Luck!

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bryan June 2, 2009

I appreciate your valued insight and all posts, emails, and video broadcasts are watched read and valued tremendesly, we live in a period of great uncertainty and fear .... On a lighter note ... i want to learn chinese and become a boat person and row to china

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Steve DiGiacomo June 2, 2009

What I do not understand is this market rally; both it's intensity and it's longevity. There appears to be no underlying strength but some say the simple fact of all the money being created is the reason for this season of the market inflating. Can that be true?

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Kenneth Hayashida, MD June 2, 2009

I am a board-certified pediatrician in Orange County, California. We are seeing families being thrown out of their homes in foreclosures. We are seeing children and families being made homeless. We are seeing huge commercial real estate projects (50,000 to 100,000 square feet in size) going down in Irvine and other OC cities. The instability is not improving. Commercial businesses are unable to stabilize revenue and operations while inflationary pressures are so heavy. Our own medical doctors in this area are unable to maintain their programs due to absent reimbursement on claims by insurers. These same medical insurers are backed by AIG securities. The media does not understand how severe this situation is. Yesterday, we received a notice from Anthem/Blue Cross that the want all doctors to request permission from them to send patients to heart specialists for special procedures. As a board-certified pediatrician, this decision by Blue Cross is highly suspect. Infants with new heart murmurs need immediate echocardiograms and EKG's in order to evaluate for the presence of heart defects that can kill the child in a few hours time. Blue Cross/Anthem's decision is equal to a death sentence for any child born with these conditions which are seen throughout California. I think it is obvious why the health insurers are being forced to take these steps. Their business model is not economic stable. The backing of AIG on the premium defaults is unstable. The investments these companies made are themselves unstable. In this area, two major hospitals have closed. ER's are closing and people are going to start dying of preventable diseases. There is a direct correlation between the health and the wealth. The erosion of wealth in our nation over the past two years appears to be creating instability in provision of health care to all people, regardless of economic status. I am very concerned about the looming possibility of hyperinflationary pressure adversely impacting physician contracting. We can not maintain our care to the children and infants if the cost of supplies and human resources is not predictable.

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Doug Bryant June 2, 2009

Martin, I've been getting your e-mails for a while. To be honest I haven't done much with it as I don't have much to invest but I feel the window you open up to look at what's going on under the surface is invaluable information. Thank you. My answer to your question comes from a military background and from living in the middle east for the last several years (duing the school year) as a civilian volunteer with a non-profit education organization. Here is my answer: "If we don't get the bulk of our military back on our soil ASAP and continue in intense indigeonous training cycles to defend this country and our constitution, none of this financial stuff is going to matter. If we do get them back here, we have a chance and at that point we should bite the bullet and receed from the world markets in certain areas and get back to the basics. As much as I believe in our missions overseas, we must abandon them in large scale and rely on special ops or long-range and large scale destruction of infrastructure. If America goes down, all of it is going down. I don't think any of us can imagine the evil that would prevail if or when this happens." Sincerely, Doug Bryant

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Aaron Jackson June 2, 2009

I have lived most of my life so my concern is not for me, but for the children and grandchildren of America. I am well aware of the forthcoming hyper-inflation fueled by worthless dollars. At this time it appears hopeless to be able to control the out-of-control spending by our President and Congress. Unfortunately, it began with the Bush 43 administration. The best thing which should happen to us is for China and the rest of the world to cease buying our treasuries. Maybe that would end the recklessness of our government.

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KL June 2, 2009

Yes, I do think America is suffering, and even more so at the hands of the banking industry. I truly believe the banks should not have been given all that money without some accountability. Each American could have received a check and spent it more wisely than they have. They are just interested in making more money. Some of the banks even went out to try and buy more banks and expand, rather than taking care of their own backyard, so to speak. They are not helping those that put their money in the banks. They have tightened regulations even further and are loaning less money than ever. I have not seen interest rates drop at the bank, even though the prime is very low. A banker told me that the interest rate goes along with risk and that is why some of the customers' rates are so high. That says to me, let's keep raping the small guy, not help him out at all, just try to break him and take everything he has. Americans are disgusted, disgruntled, defeated and are working hard to just survive and take care of their own families. I do applaud the President and his team for trying and I hope he can help save this country from Bankruptcy. GM should have filed the big "B" at the beginning of the year and then they would have been back on the road to recovery by now. It's easier to play the game and get all the money you can before. Any little business or individual would not have been able to do that.

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oscar June 2, 2009

SURVIVAL IS ABSOLUTE. MANAGING THE PROBLEMS IS ANOTHER THING . THE TOOL BOX KIT IS EMPTY. THE ALL IN MANTRA IS IN THE PROCESS. THE U.S. IS BUYING TIME , AND BORROWING FROM WHOMEVER IT CAN TO MAINTAIN THE CAPITALISTIC MODEL AND ITS FINANCIAL SYSTEM. THERE WILL BE MORE BLOODSHED ALONG THIS GAME . AS ALWAYS IT IS MORE THEN EVER A MATTER OF THE SURVIVAL OF THE FITTEST AND THE MOST CLEVER . INSIDERS OF THE WASINGTON MANOUVERS WILL BENEFIT THE MOST . ANY WONDER ?

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Sally Simonson June 2, 2009

Being older Americans, we are indeed concerned about America, the viability of the dollar, price of energy/commodities of all sorts, food, etc. We are staying in energy and natural resource funds, as well as cash. The cash is a big concern since we see the very real possibility that it will be devalued. We own our home and we have seen a considerable value decrease from the purchase price. However, it is less expensive for us to own in California right now as opposed to renting. Thank you for your newsletters and your on-going guidance. S. Simonson, Corona, CA

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Vivian Thibodeaux June 2, 2009

Are the people brain dead? Can't they see where we are headed??? Hope they wke up and put a halt to it !!!!!!!

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Larry June 2, 2009

Will America survive? Of course America will survive. It will be at a lower level of economic output, though as consumer spending cannot support 70+% of GDP any longer. In the face of rising unemployement, lower wages to those who remain employed, and the end of the home cash machine will keep the American consumer from recovering anytime soon. How do YOU feel rising interest rates and record-shattering money-printing will impact your income and investments in the weeks ahead? I am not concerned at all about inflation overall as an important piece is missing from the inflation puzzle: aggregate demand. That should remain well under capacity for some time to come. On the other hand, a relatively weak dollar will spur some commodity inflation. Which investments do you expect to spin off substantial profits next? Select U.S. stocks? Foreign stocks? Currencies? Precious metals? On US stocks, I am bullish on BA and GE, select 'green' companies as well as agriculture. I remain bullish on Eastern Europe and Russia as well as Canada and China. I really like global agriculture companies as well as non-precious metals (copper, nickel, steel) as signs of economic stabilization begin to appear. P.S. GM was not able to make a profit since 2004 even in the face of record auto sales, not because of unions, recession, etc., but because of poor management. They let foreign automakers essentially take over the car market so they could focus on trucks and SUVs. When demand shifted back towards cars, they were not ready but shoul've been.

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Chuck Botts June 2, 2009

It is not a question of "will we survive?" but what we, as country, will look like when we come out of this as either as Obama and crew want us to be or what his succssor decides. It is obvious that Obama crew wants to destroy the constitution more than it has already been destroyed or negated and rebuild the country with strong centeral government that controls most things- like Chicago does now. That is his training and I would be good to expose that system to the rest of the US. I travel by RV and the country will have a hard time complying with Obama's dream.

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Gerda Levi June 2, 2009

Dr. Weiss: I would be very much interested to open a bank account in a safer country than the US. Do you have any suggestions? Gerda

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Steven June 2, 2009

Maybe I’m missing something? Todays headline: Pending home sales rise 6.7 percent in April http://finance.yahoo.com/news/Pending-home-sales-rise-67-apf-15412014.html?sec=topStories&pos=main&asset=&ccode= From NAR website: http://www.realtor.org/wps/wcm/connect/5c9013804e3eae35811fc11daf16ff2d/REL0904EHS.pdf?MOD=AJPERES&CACHEID=5c9013804e3eae35811fc11daf16ff2d

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Steven Burnand June 2, 2009

The EV1 was an innovation and GM was the first 'large' manufacturer to venture down this route. The car turned out to be robust and popular, yet it was scrapped in 1999, with much of the remaining stock going through the crusher. Its replacement was one of the biggest 4 wheel drive gas consuming cars on the road. It appears that someone with a lot of clout in the oil industry, who was about to loose a lot of money, if the electric car had taken off was able to influence GM to make a 180 degree turn almost back to the kind of car it would have built back in its hay day in the 1950's. There is one thing for certain and that is change and GM failed to change! Follow the money! Who stood to make the most money when the EV1 was scrapped? If a companies success is judged only by its profits, the laws of the universe tell us that each product has an optimum point and output and that going beyond this point, as a capitalist system forces the manufacturer to do, can only result in a cheaper product or production. PERHAPS sustainability, service to the community and quality of product ought to be some of the new ways to judge success in a world of fast depleting resources?

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Bob in O'Fallon June 2, 2009

GM is now under control of the USG and the UAW. We the taxpayers bought 60% of a failed company. A company controlled by the UAW, that is mostly responsible for failure of the US auto industry, and the USG that has never managed anything well and has never considered profit as a motive for anything. Then we have a federal court deciding that unsecured employees have a higher precedence in a bankruptcy than secured bond holders. Can it be long before GM has to have more Government bailout to survive this insanity. Our current leadership in DC will insure America goes the way of GM, as the Chinese are not going too bail us out.

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Robert Taylor June 2, 2009

I don't see brutal honesty in the financial news like you have displayed for years. I am a God fearing senior that thinks America's press is hiding behind what liberal editors and journalists must print or say to get paid. There is much more economic shock that America is facing and the continued deception will bankrupt the next generation.

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Kate June 2, 2009

While I've followed your advice and have holdings only in select ETF's and gold stocks, I'm still extremely uneasy about the economy. I am a baby boomer, on the verge of retirement, but I'm actually afraid to retire. My 89 year old mother-in-law supplemented her income with her dividends from CITI bank. She would not sell - very stubborn. Now her shares are worth nothing, and she is very bitter, mostly blaming George Bush. These are scary, unchartered waters. I don't think my boat ($$$) is big enough anymore.

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Eric Cunningham June 2, 2009

Martin, I think the things to be in are gold, oil+gas and the Canadian $. Please comment. Eric Cunningham

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jim georgiou June 2, 2009

this is a critical time indeed...trying to save the remnants of an obsolete system with the same old methods(particularly under the guise of change) is accelerating the inevitable collapse and exacerbating it's chaotic outcome...i'm not an expert by any stretch but investing in gold coins(not bullion- as it's taxed) and collectables (vintage antiques, art etc)of tangible long term value is a good way to go....there seems to be a bit more stability within the Chinese economy as well...beyond that, get your mattresses ready..meantime keep the love and light..

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Jan Wyatt June 2, 2009

GM bankruptcy is a tragedy. However, I believe GM was not building cars most Americans wanted to buy, and GM management failed to innovate and control costs. I think Americans have a right to be angry about executive pay and bonuses -- even as they drive their companies into bankruptcy. Even union pay and benefits had gotten way out of line relative to most working people -- where they are payed 90% of their pay to sit at home during plant shutdowns. Maybe I'm wrong, but I am still optimistic about the resiliency of Americans, our businesses, our innovation, and our future. Yes, we are going through a steep recession that may last for some time yet. But, I still believe we are the best nation in the world and we will come out of this. If we pull together, I think our people and our country can overcome this.

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Dan Ray June 2, 2009

Given what you think might be coming down the road, what should we think about substatial savings we might have that are in cash? What would an alternative like agriculture land be and what will it do during a significant down turn? Also, I'm curious to know what has already become of GM's stock?

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Norman Frazier June 2, 2009

I would have like to join your web meeting but I'm behind a firewall at work. I don't understand Treasury bills, notes or bonds. What is the right time to get in and how do you know they won't pay off with inflated dollars? Thank you for your time. p.s. I am invested in low end rent houses.

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Wayne Glass June 2, 2009

Martin, I,m in the process of closing out all of our investments and moving the money to American Century to buy Treasury-only money market funds, as recommended in your book. Do you believe this is still the most secure place for my life's savings? Please reply ASAP. Thanks, Wayne Glass

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John C. Foster June 2, 2009

I believe that both our short and long-range futures look very bleak! 1- If things continue as is, there is no way in which many Americans can be on the winning side in any national election. 2- The larger (doomsday) problem which we have is with the devaluation of our currency. Even if we have dollars, will they be worth anything?

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LYNNE JUBILEE CUMMING June 2, 2009

I have the same questions and concerns that have been succinctly stated by Chris Rivers!! Please answer his questions. Also, my savings are invested in an Annuity which has lost 25% of its original value. Should I cash it in now and take my loss? If so, WHERE do I put the cash? Is anything safe? What is going to happen to Real Estate?

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amir June 2, 2009

I think you are being too pessimist.If you have been following the Indian markets you would know they have gone up by abt 80 per cent since March.Yesterday when G M was preparing for the chapter 11 the Indian markets were up abt 3 per cent.The G M india said we are not affected and you are asking if America next.? NO WAY. Things will come around sooner or later. I suggest take a holiday and come to India for a few days. God bless Amir

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Jim Kapralos June 2, 2009

Martin, There are four industry segments I believe will do well going forward: (1) Oil; production is way down and demand will increase until substitute energy is on line. (2) Infrastructure companies in which the Federal government is investing large sums of money. (3) Water (4) Wind Best regards, Jim

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Tarun Tejpal June 2, 2009

I work in High Tech in the Software Industry. Most of my friends are quite bullish now .... with the Trillions of Dollars being thrown into the Economy through QE that eventually banks will be forced to lend again and the consumer to consume again .. however, if the inflation comes into place, then our cost of living will go up .. but all this depends on the psychology that is created .. the good times are back or there are bad times ahead ... personally, I feel that by Monetizing our debt ... printing money out of thin air is a gamble but it is necessary ... classic chicken and egg story ... we need to start somewhere ... however, the market is rather cruel ... I think that in the end we are going to get a massive rally into next year starting from now (with a correction in Fall) ... everyone is going to feel that everything is back to normal and then watch out below ... I see no reason why the DOW wonly hit 12,000 by Spring next year and Nasdaw 2400 .... then it will all implode ... we go down 50% .... and THAT will be the buying opportunity of your life time ....

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Gerald A. Holtenhoff June 2, 2009

Dear Martin ~ Based on what's reasonably and evidently forseeable at present, how long into the future does it appear likely (probable) that major inflation will come to dominate the currently prevalent deflationary conditions? And how soon, after this, will the country begin to experience a multi-sector systemic breakdown? Finally, what plausibly probable counter-measures loom (economic, social, political) that can prevent or at least thwart this economic and social disaster? [I know this is a crystal-ball kind of question, but any opining on your part would be appreciated!!!] Thanks, Jerry Holtenhoff

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Robert Griffin June 2, 2009

I have given up on all US stocks except for SLV. I purchased 20 contracts @ 2.20, since silver is scarce and is hopefully going higher.I have an expiration date of Jan 2010 (Leaps) I also have invested in currencies w/ EVERBANK and so far so good. That is the extent of my investments. Robert Griffin

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ClarkSinIndiana June 2, 2009

Taking a very different tack, it seems to me as long as far more people around the world are struggling to get to America than there are people here wanting to leave, America is the world's best bet now and for the future. Recent ecomic turmoil, if properly heeded and integrated into the national psyche, should be a realaity check for America. For example, "Watch the amount of debt you carry, don't buy "stuff" you don't really need, think local (and small) and accept Bob Dylan's lyrics as gossple: "The Times They are a'changing." For instance, don't waste tax dollars on interstate highways but instead, develop a vast fresh water interconnected reservoir system (The National Fresh Water Defense Act -NFWDA, perhaps) and cultivate stores of fresh water for export in rinsed out oil tankers and recycled plastic bottles. Think of water as a very valuable resource because wars will be fought over it, right? We would use the same highway engineers, construction men and equipment but end up with a vast and priceless resource. Water as a commodity will put oil to shame in my opinion. My bottom line: I am more and more optimistic Americans are "getting it" now and even more will as time moves forward.

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G. E. Pal June 2, 2009

Retirees need to find a secure investment for their grandchildren, but the question is where can one find a relatively safe future plan in the present environment. I am thinking that waiting is best because everything is so unstable. No one can predict the outcome of our precarious economy today.

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Daniel H. June 2, 2009

Mr. Weiss, All fiat currencies have historically become worthless. It is an illusion to think that we, the United States are invunerable to this happening. Very clearly you have forseen it happening. It seems to me that hyperinflation is simply a matter of time. The more the government intervenes the worse it will get. Have you ever read the book "The Road to Surfdom" ? A very important book written in 1944 in England. But very much to the point of what is happeing in our country today. I see gold as the one investment that will weather the huge storm about to break. Though the price of gold, if you look into it, has been suppressed. But as failing banks ultimately will not be able to bailed out. And companies buried alive in debt continue to fail. Eventually all the gold that has been dumped on the markets to keep the price down, by the central banks will be gone. And with no more gold left to dump, we will see the price of gold rise to astronomic levels. Not of couse without the resulting chaos of a societal earthquake. And if for some reason the value of gold becomes questioned, then Western cilvilization will be over as we know it. But I don't think that will happen just yet. A final thought: The Native people in South America did not see gold as money they had other things for that, they saw it as sacred, a symbol of the Divine. What this crisis is shaking us to see, is that a better system must arise out of the ashes of what is blazing now. What exactly that is remains to be seen, but I like something Albert Einstein said "You can't solve a problem from the same level of awareness that caused it." Best, Dan

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John A. Boyes June 2, 2009

I agree that debt killed GM, and I also think the present overall economic crisis we are in is because of too much American debt (at all levels). Our government's response is to borrow even more money and go further into debt. What am I missing? John Boyes

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Chris Evensen June 2, 2009

What do you think about GE?

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Dan Ray June 2, 2009

sorry, forgot to include: Is there any chance with a weak dollar that a new world currency could emerge? If so, what would that do to gold and the dollar?

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estevan trujillo June 2, 2009

The FED and the banking cartel created a system of debt, they criminally hijacked the treasury department. The federal government, the FED and Banking Cartel are all guilty of the blunders listed below. The eight common blunders are: • Wealth without work • Pleasure without conscience • Knowledge without character • Commerce without morality • Science without humanity • Worship without sacrifice • Politics without principle • Rights without responsibilities.

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Michael Conde June 2, 2009

My sense would be that going forward from this point, only two investments will preserve capital: 1. gold bullion and profitable, commercial gold producers and 2. large cap equities in consumer staples in the EUR zone (where with the exception of the U.K. - which is not in EUR currency - governments have not taken on the kind of debt the U.S. has)

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Howard Spiegel June 2, 2009

I am amazed at the stupidity of our government. The auto business runs this country - NOT the banks. At least the automakers are trying by offering the public incentives to buy and American cars have come along way as the majority of them are fuel efficient despite what Obama says. The fact of the matter is this is now becomming a "panzy" nation thanks to Obama and these hypocritical "liberals" who want to get their hands in the pie. All the dealership, parts, suppliers and businesses that are being put out of business and unemployed that are now "out on the street" as a result. True, GM was greedy and lax on productivity but if they gave AIG one hundred and eighty five billion, as well as Lehman Brothers, Bank of I America and the list goes on big money why not just let them all die and start new banks with the money they gave them - screw them all as they are greedy and stupid to begin with! This is a hell of a lot easier than shutting down 2,400 dealerships, causing further massive unemployment and betraying employee loyalty and consumer confidence!

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Jim June 2, 2009

Martin, I must say that you and several other pundits are all seeing the demise of GM as some signal that the sky is falling, that America will sink into the sea. I am sorry for the loss of so many jobs but, truth be told, GM has been consistantly running on fumes (no pun intended) for the past fifteen years, borrowing its operating cash, borrowing to maintain a sense of obligation to its retirees while continuing to pump out a stable of "has been" vehicles. Drive down the freeway and count the number of Buicks, Oldsmobiles and Ponitacs you pass--I did so last Saturday on a 160 mile roadtrip and the count was zip, nada, zed for all three. To me that says a thousand words about a company's sales, marketing and, most of all, vision. I don't think the market sees any DJIA "icons"--it just sees the facts, pure and simple and the fact of GM is that it has been dying for a long, long time and this whole affair is nothing more than the coup de grace--I only wish that it had happened before the government put our hard-earned money into this beached whale.

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oscar June 2, 2009

THE QUESTION SHOULD BE NOT IF BUT HOW? WHAT NEW CHANGES ARE NECESSARY IN POLICY, VALUES , AN COLLABORATION ? AND WHEN AND WHO WILL HELP TO MAKE THOSE CHANGES IN AMERICA AND THE WORLD?

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Gerald A. Holtenhoff June 2, 2009

Based on what’s reasonably and evidently forseeable at present, how long into the future does it appear likely (probable) that major inflation will come to dominate the currently prevalent deflationary conditions? And how soon, after this, will the country begin to experience a multi-sector systemic breakdown? Finally, what plausibly probable counter-measures loom (economic, social, political) that can prevent or at least thwart this economic and social disaster? [I know this is a crystal-ball kind of question, but any opining on your part would be appreciated!!!]

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Kelly cook June 2, 2009

I just paid $3500 for financial guidance from Dr. Weiss through the $mil fund. It is a bit unnerving to have him asking the opinion of his readers for investment ideas. Perhaps that isn't such a bad research after all. I will be interested in seeing how this works out for us all. Kelly

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eddy johnson June 2, 2009

stupid, corrupt politicians have given our money to corrupt financials, thereby keeping their lock on power and money. this crisis has given us massive debt and spineless leaders. this total lack of vision for the long term will assure our demise as a world leader. i hope my assessment is wrong.

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Jerry Sullivan June 2, 2009

We allowed greed to overtake our economy. I escaped from California last year, but because of my experience in const. and development could see what was going to happen in home prices. My wife and I are native Californians, and hated to leave- loved the Bay area due to my sailing for 45 years. Everything had to be bigger and better. No developer construction homes for average family - families forced to buy what was available and not out of need. K&B posting 75 percent return. Was chief estimator and PM in days when we were fortunate to make 5-15 % on project. Overpaid public officials. Bay bridge had to be show piece for $ 15 B when it could have cost $3B. Have much to say, need outlet as I have many observations on over educated public with expectations of immediate great fortunes. The myth and ruin of Silicon Valley.

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Jeff June 2, 2009

THe whole world is in trouble; not just the United States. As we slip into the Greater Depression, people have to wake up and realize the government is not going to help you. Gold and Silver, Energy Resources and Agriculture wil protect you in the future. Invest in emerging markets. Water Resources is a must; less water available; more desalination plants have to go up! God willing; no depression will occur but you can minimize the devastating effect it can have on you. Better to be prepared if the inevitable occurs.

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Dolores June 2, 2009

The "Elites?" had planned this and working through totally dishonest banksters created exactly what they wanted. Their next goal is the distruction of the USA government, just as I am watching happen here in the UK. Greed will also be their downfall; I am sorry to say. Thanks for all your great articles Martin, I love your book which I purchased for the homeless childrens charity. God bless and protect you and the team.

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Tim S. June 2, 2009

Big money, big investments, big risks put the right places will either survive, break even or prosper..conversely money put in the wrong places will bust and people will survive collectively by trade craft and trade or offering new human services guided by networks or situations. Is it worth it to look for investments in Water, Wind Power, and Non-Hybrid seeds, for instance, if you no longer have but a few thousand dollars in American cash and a little in small gold coins and a little in silver coins. In some ways, it might be just as well having little to lose because you don't have much, instead of having much and being obligated to risk a lot and lose a lot by shear weight of circumstance in your own effort depending on investments instead of community networks etc., which could hold life saving value. Your thoughts?

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Jim Kapralos June 2, 2009

Martin, there are four industry segments I believe will do well going forward: (1) Oil; production is way down and demand will increase unbtil alternate sources of energy are on line. (2) Infrastructure companies in which the Federal government is investing large sums of money. (3) Water; there is already a shortage in several countries and it will get worse as the world population grows. (4) Wind; this may be the #1 alternate source of energy in the future. Best regards, Jim

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cami June 2, 2009

We've been recent readers of your emails and like what we read. We think worse times are ahead. My husband is self employed in the construction area where people have no money or have lost their jobs. What advice do you have for a large family with limited income and minimal retirement? Also, how to keep our home when things get tougher? What is the minimum amt. to be able to invest. Unfortunately, we couldn't afford the contrarian option.

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Roy June 2, 2009

I have no debt and a strong cash position. Having read your book, I still find myself perplexed as to what investment strategy to follow. For sure, at the age of 59, I would only invest additional amounts into equity markets that I could afford to lose. Having said that, I am struggling with which way to go. I deal with an investment/brokerage firm that has done a great job of managing risk especially through this recessionary period in moving a significant portion of their fund to cash and bonds in advance of the equity market decline. They argue that they balance stock, bonds and equity instruments that are relatively liquid in such a way as to maximize their flexibility to address either inflationary and deflationary movements...... Your comments above as well as the ones in your book and the sheer volume of debt that the government has incurred along with the record level of consumer debt and the high standard of living that we enjoy versus emerging markets makes me very wary of pursuing additional RISK. The downside of course is that the return on my cash account is virtually nothing. Your thoughts? Many thanks

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SoCalGal June 2, 2009

I don't think the United States will prevail. It's a shame that such a dynamic society could deteriorate so rapidly, but here we are. There's no fundamentally good reason for the stock market's strength. Denial, I guess.

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Marcus June 2, 2009

Martin, I see major problems of the horizon for not only the US economy, but the global economy as well. The old saying as GM goes so goes America should be recoined to "as Americaa goes so goes the world" This short term bear rally has many people confused into believing that a full recovery has begun, it simply is not true. I don't know how long it will take things to stabilize, but I do know that as a private business owner, I have had to cut spending not increase it, so maybe the government at all levels could do the same and learn the fiscal discipline it takes to survive the tough times instead of mortgaging the future of this great country on short term politically motivated agendas.

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Arlin R. Johnson, Jr. June 2, 2009

On top of the fearful economic problems we face in America is my concern that the fellow in the oval office is a Trogan Horse. A man of mystery who has never run a 7/11 store and is now leading the U. S. economy? Sounds more like the blind leading blind than true leadership. A sign of his wisdom and leadership - put a 31 year old recent graduate of Yale in charge of the auto industry. Don't worry, the fact he has never been in the auto business is no problem for Obama. After all, he has never run a business either. Perhaps that adds to the Presidential comfort level? Grab your wallet and any asset you can tie down! With friends like those leading us in Washington, who needs enemies? ARJ

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G. Gillis June 2, 2009

I was hoping you would you will give us a clue if not the answer. Where to go and how to get there is our key to survive this downward spiral in the US economy. Near term establish a road map, keep your assets readily available and be able to move quickly when the long term view is clearer. We need leadership and a person with vision to guide us thru these treacherous times and Martin you have been selected for that Mission. Its not mission impossible, many of us have faith in your ability to pull this off..

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Frank Maccanellik June 2, 2009

GM needs to go. They have relied on past efforts at innovation for too many years. They have had major stumbels: Cad 8-6-4, Cad Cimeron. They put a Chevy motor in the Escalade. They haven't kept up with overhead cam designs. In the eighties they produced a lot of inferior products that gear heads such as me resent them for. They design parts to fail intentionally. I am gloating at their demise, buhaa ha ha ha.

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Rick Pope June 2, 2009

I am very sad to say that I think America is on its way from a second-world country to a third-world country. Measured by health care, education, public infrastructure, prison population, and street crime, America gets poor grades and is deteriorating further. I was born in 1954 but have the work ethic more typical to those born in the 30's or 40's. Frankly, my baby boomer peers are largely selfish, lazy, and wasteful. Succeeding generations have been overindulged and brainwashed by pop culture and a terrible education system. All my adult life I have seen government careen from pillar to post, making bad problems worse and often creating problems where none previously existed. History suggests that it only gets better when "nobody has anything to lose" - after almost everyone is equally miserable - usually after a prolonged depression and/or war. I really wish interest rates were allowed to rise to their natural level as I feel that would reward savers, discourage wasteful consumption, improve the balance of trade, and remove the temptation to speculate -vs- invest or save.

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Jack June 2, 2009

What impact will China's swith to short term treasures, setting up for a rapid exit of buying U.S. treasuries have on our econimy? Ansewer that and you will have your ansewer.

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kurt June 2, 2009

Hello Dr. Weiss, I follow your dictates and have joined the million dollar portfolio and have made the alert investments. You are spot on on you and Klaus's predictions. My observation is of China as the holder of all our bloody debt. They are the gate keepers of our mountains of debt - Our wonderful Treasury Secretary i believe (as i write this) is on his knees in China begging the Government of China to buy more and extend more terms on our U.S. debt. Can you comment about your thoughts on this please. Would China be "shooting themselves in the foot" if they refused to throw good money after bad - how interconnected is out economy in this disfuctional relationship and since they have an 8% growth rate would it also not be sensible or mandatory for them to open their pocketbooks to -- excuse my expression "save our butts..." Best wishes to you and your family. Kurt

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Thomas Whittingslow June 2, 2009

Dear Mr. Weiss: Beautifully and powerfully written!!! A classic piece of writing. What I think...while I'm not an economist, I've lived a long time and I think that the America that we once knew is dead, being replaced with a European type Socialism. The Islamic issue is not settled and will come back to haunt us when we are most vunerable and like GM we will need to go thru our own form a bankruptsy and reinvent ourself --if its not too late. Otherwise, I see a nation broken up with little enconomic and social principalities like Italy during the middle ages and the rest of us mindless peasants, worth only what we can spend on a credit card. Tom Whittingslow

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Peter Schumacher June 2, 2009

This market is going up because hedge funds are under performing the market and feel they have to buy even though they know it's not the thing to be doing. Also, U.S. treasuries are being dumped big time,and some of that cash is going into the market and into commodities, driving up costs of both borrowing and raw materials. Economists were worrying about deflation. Not to worry! The recent rise in real estate activity is simply people trying to get in before interest rates on mortgages explode to the upside. Ask Obama how many jobs he has created so far. Government employees don't count.

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Jeff June 2, 2009

A new money could be possible; word out there of the Amero. I think the new money backed by gold in silver would be great. With all of the world debt, all of the gold and sliver on the surface cannot back it up. We need to start from scratch all over again. There could be a problem of supply though; not enough gold to back up the money or will there be a gov't confiscation? I don't think the people will stand for that.

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David P. Bellamy, Ph. D. June 2, 2009

Martin, is there any chance that the inflationary forces and the deflationary forces will be controlled in a circus tightrope type balancing act which in a decade or so will lead to a new stability? I oscillate between wondering if my 1.7 million dollar savings will someday buy a really good dinner at a top NYC restaurant, or whether prices will collapse until $200 is enough to buy a new car.

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Dustin Hood June 2, 2009

Drat! A lost opportunity. It's all a case of being in the wrong place. We practice bankruptcy in California. I am almost tempted to look at the 2016 on pacer for the GM filing. On the other hand, this economy is beyond sick. Printing more money, especially in the quantities of late should lead to a major inflation. Thinking back to the oil shock of the 70's and the resultant inflation as well as the other 2 or 3 inflationary events of my life, I find myself amazed that the currency hasn't wound up repudiated and replaced. I suspect there is time yet for that event to materialize. Good old Arthur Burns loved the idea of zero being the perfect inflation number, and who can forget Elliot Janeway advising households to have 6 months of reserves on hand? Great advice, but shall we say a dollar short and a day late considering the events of the day were already causing unemployment to rise? Usual strategy for surviving an inflation is to invest in hard assets with prices rising in tandem with the economy, but that idea relies on lower than average interest rates. If the prevailing rate of interest is much higher than the rate of inflation there is a disincentive to invest in the assets in question. As for the future, I am now getting old enough to consider retirement and perhaps I will be spared having to deal with the problems we fear, but I doubt it. That million dollars we were all supposed to have tucked away in our retirement accounts by this age might just buy me a cup of coffee. Dustin

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Annie June 2, 2009

Martin I have watched all of your warnings and listened carefully, the only thing is I have not had the funds to participate in the investments you predicted. I do believe that America Will Survive. What we need to do is put our trust in GOD as he was the one that gave our founding fathers the strength to purseavier. It is that faith that made America Great. We need to get back to the basics in life then we WILL SURVIVE. Any Country that will press forward with evil,selfishness,corruption,greed and controlling Power of subjection, will not survive as God has Promised. We must turn to the basic fundamentals of the Christian Faith. We must learn to Share with true compassion and ask for GODS Favor. Thanks for all your help much respect Annie

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dita brown June 2, 2009

Personally, I think America will survive, but as far as I can see the whole financial system, as it is set up right now, has no chance of survival. It is only a matter of time before we'll see its total collapse. The madness we are witnessing right now are the last desperate attempts to rescue the status quo of those who would lose the most if the fractional banking system would cease to exist. I hope and pray that the collapse and abolishment of the Federal Reserve will be the final result and as a consequence be replaced by the birth of a more equitable monetary system, that is not based on debt anymore...

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RR June 2, 2009

Dr. Weiss, Do you know the number times the gov't has been in this shape or worse since the Federal Reserve was created? Where can someone go to research the history of our counties money structure, when it began, who were the engineers or creators of the Rules of the Money? Thank you RR

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Rawney McVaney June 2, 2009

Martin, I have spent my entire career, nearly 30 years in the financial services sector. I knew of you and your firm early on, as I was a "beat the street" life insurance salesman. I remember how you had a "contrarian" view of finance even back then. I was too young, naive and impressionable to fully understand the significance of your ratings but I knew I respected your opinion very much. I have watched in absolute disbelief the dismantling of our nation’s financial institutions and wondered where the voices of opposition were. Who was crying aloud in horror when we witnessed our government shove trillions of dollars of debt on the backs of an ever shrinking "earning" tax base? Why would anyone assume that our US Government, filled with its bureaucrats, with virtually no hard real life business background and "if its broke I can't spend enough to fix it" mentality, could possibly solve the problems. As a nation we had become so bloated with our sense of entitlement, that it only seemed fitting that we should never have to realize anything but our ever increasing portfolio's, nearly 20% annual home appreciation and job security for life followed by a retirement befitting our status as Americans. It never occurred to us that any/all of this was nothing short of smoke and mirrors, and if in the end it proved to be so, well we're just so narcissist, we'll just dump it on future generations of Americans to fix, "please pass me the sushi." No Martin, we're done. We have a government that will not be restrained, we have a citizenry whose male presence has become emasculated, a judiciary that has an "anti family/anti God/anti Good" mandate, and they mean to fully implement their liberal bias to our ultimate decline as a nation while obliterating our culture in the process. Count me as one the many who feel there is no place left for this experiment called "America" to come but, to a whimper less halt, followed closely by the "goose stepping" heals of Socialism. You'll recognize me, I'll be the one who is trampled to death while still clinging to my Bible and my Freedoms, while doing my best to protect my birthright to them both.

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Robert R. Ostrom June 2, 2009

Your expertise and predictions have earned my respect. Your advice saved me money during the dot.com bust and your analysis now makes sense. Question: Has the unthinkable actions of the government, which no one could foresee, caused you to rethink the outcome, other than just a delay of the outcome? Thanks.

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Dewaine Olson June 2, 2009

When your largest international creditor has people Chuckling/laughing at your Treasury Secretary, one has to know that our status in the world has suffreed greatly as a result of our inability to control spending, act prudently with our allies and the lack of much economic and financial expertise on Capitol Hill. Perhaps more importantly those in DC just seem to have lost their hearing at the same time

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Steven Collins June 2, 2009

You asked whether America will survive. Both Presidents Bush and Obama (and Congress) have sacrificed the long-term interests of the nation and its people in order to serve the short term-interests of the reckless elites of Wall Street. Unless President Obama and this Congress wake up and serve the long-term interests of the nation and its people and sacrifice the reckless elites of Wall Street, the nation as we know it will not survive. There will be some entity called the USA, but we won't recognize it.

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Cyberwing June 2, 2009

Dr. Weiss, I have read your book, ordered another for family faithfully been reading your e-mails, however. We have done what we could to prepare, getting out of debt, paying off our house, etc. I however want to know what families that don't have a large chunk of money to invest can do? We have one son starting college and another to follow in about four years. Our savings are slim. We don't have the large amounts of capital to work with. So my question is, what can the middle class American's do that are struggling but doing all we can. If we don't have tens of thousands of dollars to invest? Next I had an idea cross my mind. Recently I was reading an article on the current crisis for all small businesses. They cannot get capitol even when they have a solid business plan because the banks are in such bad shape. I'm curious as to what a group of folks like us might be able to do to help some of the more deserving entrepreneurs out. It seems to me like a golden opportunity laying there... Well thanks for considering what to advise the more average folks out here to do. Maay the Lord bless and keep you!

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Charlie June 2, 2009

Dr. Weiss, Having read your book cover-to-cover twice and taken notes, I have become deeply concerned. Thank you for outlining a strategy for enduring the times to come and for prospering afterwards. I have a question regarding the social programs of modern times, and how they factor in to your comparisons with the 1930s. Presently, social security, food stamps, unemployment compensation, and high medical insurance costs play a role in our economy that did not exist several generations ago. Medical insurance premiums, while not yet a social program, have drained off funds that might otherwise have gone into savings. How to you assess these factors in the present-day economy? You have asked, will America survive? Well, your book suggests that the economy will improve when America has purged the negative and encourages the positive. So, the answer is "'yes," with strength of character.

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Jeff J June 2, 2009

As each day goes by, we are getting closer to finanical collapse. Will it happen this year, or 3 years from now? What will it look like when we hit rock bottom? Will it be worse than the Great Depression or will it look more like something we see in the movies - like Mad Max?

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John June 2, 2009

I don't know what to say about all of this. I have had experience with inverse funds in your international portfolio in past years. I am not afraid of the volitility but I have learned to set my own stops then possibly buy again later. Things are much too complicated for me to go it alone so I take Martin's, Claus' and Larry's advice and tweak it some. My gains are better than the Contrarain Portfolio today but tomorrow is another story.

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David C. Bryan June 2, 2009

Martin; If the voters in this country continue to support the character of the current administration we are ultimately doomed to socialism and it's dictator posture. Our only hope is to vote in a new and Godly contingency of a majority control of our nation. While there are pockets of opportunity for the knowledgeably elite the masses of this nation will suffer the agonies that go along with socialism. Thank you for portraying the reality of our fiscal marketplace. David Bryan, Houston, TX

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jon mark June 2, 2009

FIRST AND LAST LETTERS OF GARBAGE ! I WILL NOT BE TRADING OR INVESTING WITH ANY CORPORATIONS THIS DAY FORTH IF POSSIBLE . SUPPORT MOM & POP EVERYONE !

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fank v.claire June 2, 2009

Dear Martin, At the age of 84 I don't have too much concern about what our Gov't is doing to our economy, but for my kids and and grandkids I am scared to death about their future and the effect the Gov't will have on their lives and quality of life. As I see things this current administration is going to ruin the entire country.

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Nancy D June 2, 2009

When I think about all the people who have given their lives and treasures to found and preserve America and it's ideals, it justs breaks my heart to see what's happened to us. I've read that an overwhelming majority were against the government bailouts, against the takeover of the autos, against abortion, against gay marriage; and yet, our legislators plow right ahead against the majority, even stating they know better. Well, I'm going with what I know. Food, energy, water, gold, home, God, and family (not necessarily in that order).

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hal webb June 2, 2009

The US economy has been hollowed out by the loss of its manufacturing base. Witness the last vestiges of the once mighty auto industry in shambles and bankrptcy. This dislocation can't be fixed by service industry jobs which traditionally pay less. Nor can it be concealed for too long by covering it up in a massive spending spree with fiat money. The long term outlook is grim and few "experts" are openly discussing the problem.

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Richard R. Bailey June 2, 2009

I respect and value Martin Wiess. I have appreciated his comments. I believe that one should collect rare American coins. I do think they will out-perform gold. I have lost at least 50% of my IRA and 401 investments as I sold out at the bottom of the Dow. I have never felt like I had enough money to pay large investment advice fees. Our health(wife and I) is not good and we are 78 years old. We really don't know where to put money other than rare coins. I hope and pray that many of our corporations like Coca Cola, Walmart, and McDonald's do well. A big portion of my assets are now in cash which is not wise.

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jim in lakeland fl. June 2, 2009

Martin: Our economy is made up of the good (google), the bad (aig)and the ugly (lehman brothers). The sooner we get rid of the ugly the better for all of us. The market is insane, as bad stocks are up for no reason. For the average joe, trying to invest is tough.

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john alexander June 2, 2009

This country is finished. iF it ever wants to come back we need MAJOR REFORMS 1. Political reform, Send every politician for every bad decision, that way they have skin in the game, If i can be sent to prison for not paying my traffic ticket, and the Ceo of a co, could get nailed, if his financials are not in order. why shold the politician be exempt. He must be sent to prison 2. Reform of the Law. Make Sure Guilty party pays then all these frivilous lawsuits will dissapear, and JOhn Edwards would not have a hair cut for 400$ 3. Stock option reform one class of people go to work the others ceos print money, basically robbing your 401k's. if I buy 100 share of any co, i should also get options, since i am a provider of capital. 4. Medical REform if all these are done simultaneoulsy then we may have light at the end ofthis tunnel John

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Xiaoguang Ye June 2, 2009

I always hear 70% of our economy is consumer. I don't understand, how could we consume more that we produce? I think, the real problem problem is politics and policies, when more than 50% voters doesn't pay tax (I don't consider government workers Tax payers, 50% maybe too high, but I believe that number is high and rising.) The system has no intrinsic interest for economic growth. The majority's interest is how to grab other people's money through government machine. Tax without representation is wrong, what about too much representation with out paying tax? Here is a radical thought, maybe the solution should be weighing someone's vote according to if they pay tax or not. The government workers and welfare recipients should have no voting rights, or count as half a vote. On the opposite side, how do we contain the greed of the money, if we did give tax payer more rights? All we can hope is that pendulum will swing back, we will not reach optimum, but never too far away from it. As you said, the government can not hold gravity, they can push against it, but they can not prevent the inevitable.

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Joe Stockton June 2, 2009

Martin. I'm one of the "baby boomers, I suppose - over 63 and I'm tired of the stupidity of our Congress and Total leaders of our nation. GM going down, Bank Fraud and elimination, Overseas Oil Industries pricing our petroleum wherever they desire making Billions in profits, Wars where people really don't care for us. I'm sick sick sick. As a Veteran and a believer in America, I'm for firing all our leaders - put into office those that really want to serve our country and not their wallets - for a clean sweep in Washington - closing our borders to ALL. If you come to America, you stay in America. I'm for stopping aid to any other nation and becoming self sufficient. I know the above is a "little" above and beyond, but we have to take a stand against Washington bureaucracy and against other countries coming in to rule our nation. You know and I know, that China will become our great grand children's language choice and not English. If we don't stop this mess now - all the above may come true. I am a Christian - I believe our country was established with ONE GOD, who has blessed us tremendously. Our current President doesn't not believe in our constitution and the believe in a Supreme God that helped found out country. Stop the stupidity today. Thanks for allowing me to vent, but I'm praying that something is done soon and that God again can reign in America. Joe E. Stockton

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Kirk Miller June 2, 2009

Dear Martin: What we are witnessing is the engineered destruction of America. Nothing more, nothing less. If you are in denial to this fact, I suggest you visit, www.AE911truth.com. I flew military NORAD missions and have 30 years flying experience with a major airline, and the facts are clear, OUR LEADERS ARE LYING TO US. They are stealing our Republic in large chunks each day, and the only question remaining is will it be deflation or inflation? Please keep our retirement money safe. Sincerly, Kirk Miller

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Beverly Hill June 2, 2009

Dear Mr.Weiss Having been with your news letters and services for some years, when you first stated G M. would go bankrupt, I could not bleive it. as to your question will America go bankrupt, I do not know, by the grace of God I hope not, as to what will save America, for our children and grand children, again I do not know, we used to think jobs people willing to work and improve their lifestyle, now one asks where has all the jobs gone. sorry to ramble on, I can not answer your question. Sincerely Beverly Hill

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LARRY J June 2, 2009

Hi Martin, I have been a subscriber since 1998. Thanks for all the great advice, you are the only one I have ever listened to with my hard earned dollars. On balance I think we will see a substantial increase in inflation, much higher gold and quadruple higher silver, a re-inflation of housing prices as evidenced on the local florida news here last week that median housing prices have actually ticked up approx. 9% last month. Currencies should do well if you short the US dollar short term. Some thoughts on the dollar and deflation/inflation argument,,,, In 1932 the US was on the gold standard and a net creditor, leading people to believe the dollar was strong and safe, therefore deflation occured. Flash forward 77 years,,,,, now most people walking the streets of America know that the dollar is funny money, not backed by anything, and an extreme net DEBTOR. Hence, a far weaker dollar and rampant inflation will occur. People want their money to be REAL,, thats gold/silver. Even my pool guy with a 10th grade education is out buying silver coins on the weekends. By the way thru out history ALL paper currencies go to zero eventually, again thats ALL paper currencies go to Zero. Good Luck to all of us and keep listening to Martin as he is our best bet to weather this storm.

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John Paparella June 2, 2009

General Motors is an icon alright but NOT one of innovation and progress. If they were they wouldn't be in this mess to begin with. Their iconography, if you will, is more about bloated layers of self preserving management and avoidance of market realities. I percieve them to be the "Baby Hueys" of the auto industry. While I still respect what they were 30 years ago I cannot shed tears for their demise.

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Eddy June 2, 2009

The economy wet down the tubes long ago, but our attention was averted elsewhere. We let down our guard and were subverted by self interest away from principals. The principals of our founding fathers, bought with blood. The evidence is everywhere ! Property, money and power ever more concentrated in the hands of a few. Quality of life going down ever since the early sixties. The value and durability of what we buy steadily decreasing with an ever greater personal price to pay. With two income families and dying communities. What is left is the community of misery and discontent. Unrestrained capitalism as surely leads to oligarchy as any corrupt government. The big have gotten too big, the rich have gotten too rich and the powerful too powerful. Now it has come time for the predators to feed on each other in seeking ultimate dominance and we are left in the dust of their battles. Yet there is a way out, though I see ONLY one. A return to principals where "rights" are viewed by all as "other's rights and my responsibilities". We need to sterilize Washington of all its corruption and start fresh with only people we know and trust. Then we need to make sure they stay honest. The only investment today worth anything a few years from now will be the reputation of a good character. (comments welcome eddy@impanis.net)

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Theresa Miller June 2, 2009

I am a product of the '50's and believed that anything was possible. Today I don't know if America will be here as a free country in the next few years. Our congress, both parties, do nothing but protect their jobs and now we have one party that has no knowledge of what is going on in this country and the other is helpless. We are trying to follow your advice financially, but we feel so insecure when we do anything except save to make a difference. We did not join the group you just began because we are simply too cautious. I guess, your question just hit home today. "Will we survive?"

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Mark June 2, 2009

Well put Estevan!! It still boggles my mind that the government thinks the best way to get out of our debt crises is to create more debt! That only makes sense to a politician. Unfortunately, our generation has grown up as coddled, spoiled children who think we are all owed something. There is nothing of the sacrifice that paved the way for prosperity that was the hallmark of the former generation. We have spent, spent, spent, and partied, partied, partied. Now that the party is over and the bill has come due, the first thing we look to do is to go borrow some more of someone else's money so we can start the party again! Shame! I don't think there are many safe investments out there except for maybe gold and silver. Even foreign funds are overbought right now..

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Yogi June 2, 2009

In answer to this question: "How do YOU feel rising interest rates and record-shattering money-printing will impact your income and investments in the weeks ahead?" On a micro level, this will affect my mortgage rate, obviously. On a macro level: "Will America Survive"? ... In my opinion, only if the Fed is ultimately abolished and a debt-free National currency is re-introduced, which will protect the economy from inflation producing/debt incurring money printing. Panama has no Central Bank, and is doing well. Why not America?

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Ronald D Franke June 2, 2009

I believe the best situation right now is the Currency and Precious metal fields. I have been investing for 48 years and business and the economy is the worst I have seen. It is not just my company but the builders I do work for are really desperate for work. The government has to get out of peoples business. Let the weak fall. Thank You.

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Thomas June 2, 2009

Dr. Weiss, I was wondering if you have some sort of time frame for the start of the downfall in equites. I have invested in FAZ and SRS so far and not doing well, but trying to hang in for the inevitable.

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Ken June 2, 2009

As one of your writers said, Japan used this 'qualitative Easing' strategy before with much success. However, Japan had exports to fall back on. We don't for a variety of reasons including that world trade has just about stopped in its tracks. I try to look for what America can fall back on and all I can see is what they can't fall back on. We can't fall back on cars because history appears to be done with them. We can't fall back on agriculture because Peak Oil is starting to take it's toll in the form of reduced yields every year for almost a decade now. I had to laugh out loud when I heard President Obama's speech where he said that there is a calm in America now since the bailouts. Who's telling him this? Certainly not anyone I know.

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arty June 2, 2009

We will survive BUT it won't be pretty. Gold and oil are currently rising in the face of heightened inflation worries. Adjustable rate mtges. will reset at higher rates. This will put even more strain on the housing market. Americans are deeply in hock. they have taken money from their homes,401k's and credit cards to finance unsustainable lifestyles. We are fighting a war that we will not win. eventually it will be crunch time.

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Mark Garfinkel June 2, 2009

Martin: I need some help in understanding how to invest in a period where it is not clear if we are heading for spikes in inflation or deflation of the dollar. I know you have taken the position in the past that we are more likely headed into a depression characterized by a deflationary period. I have and will protect myself by shorting the market in certain sectors as bubbles continue to burst. Nonetheless, I cannot help be be confused as to whether we will see rampant inflation if the printing presses continue to roll. On the one hand you have advised that (gold aside) the safest money is in cash or short term treasuries and this is where you want to be at the bottom to take advantage of opportunities as your dad did. When should we become worried about holding substantial cash in money markets for example? Thanks, Mark

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Decotah June 2, 2009

The average house in NJ has lost over 40,000 in market value.....22% in just the first quarter of this year. This is a silent thief in the room. A house bought in 1999 is worth what you paid for it in 1999...10 years of equity gone and still going down. the mortgage bail out program is a major scam. As a country we now manufacture very little. No production, no jobs, no income....no real economy to speak about. Investors money is going out of the country.........manufacturing was the back bone of our country and our country's back bone has been broken. The very worst is yet to come. While our government is fiddling the cities are starting to burn. Double digit unemployment is here already and growing at a very fast rate. We are headed for a domestic war, I'm sorry to say, because the Fed is way out of touch with the man in the street. The 70's and 30's are back in full force. Invest in gold & diamonds..the buck is dead along with the Fed.

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Edward B. Passno June 2, 2009

This all started with one word “GREED” The current generation was brought up with the notion “it is all about ME” The only way to bring back our once great nation is to rewire our current thinking. The time that this takes will determine how fast we can recover. This type of mentality is why the people and the government of the people should not have any part in assisting institutions that run themselves based upon poor management and greed. Let them reorganize them self or fail. This is what I had to do. I currently have had to consider the option of bankruptcy but have decided my best course of action was to negotiate with the lending institutions. Much to my surprise only the institutions that had the most to loose were interested in negotiating a good solution. My mortgage company is unwilling to negotiate, told me that I made to little for assistance. Even before I was having troubles I contacted them to see what my options were. I was told there are no options for assistance unless I was 30 das late. Assisting in my current downward spiral. I haven’t hit the ground yet, but have gained a lot more control.

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Kendrick Mills June 2, 2009

I remember back in the 1990s that irrational could flourish for a long, long time. Our political despots have now created their own golden age. We somehow are experiencing deflating asset values imbedded on top of stagflation in terms of our economy and buying necessities. On what other planet would our current leaders be considered to be somewhat intelligent beings? Great salesmanship isn't the same thing as intelligence. If the government is so afraid of what will happen if China quits buying our debt why don't we Americans boycott our debt until our government stops burying us under it? If we don't buy our debt then foreign governments may want to reconsider buying it. Then our politicians will have work toward making our country prosperous again. As things stand invest against current government efforts.

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Adam Karrsen June 2, 2009

Dear Martin, YOU need to be running this country! We are on very thin ice and I fear the cracks in the ice (GM & Chrysler) are going to spread like a raging fire! I purchased your most recent book, (Ultimate survival guide) and I hope it will pull a guy who is disabled with a wife who sells real estate from the bottomless pit this administration has created. In fairness past administrations have indeed contributed to this mess and I seen it coming but ignorned the warnings. I will no longer ignore the warnings and God willing we will prevail and prosper once again. Are you ever going to be in Pennsylvania? Looking forward to meeting you in the near future.

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Senny June 2, 2009

The reason we're bailing out GM, even if they're 173 Billion dollars in dept already, is to spare employee's their jobs? They should be payed a big benefit package and can move on and find some more stability, hopefully. Isn't this like a bandaide? What I've learned is the "Federal Reserve" is the ones that control the banks, Gov'ts etc. They could "easily" print more money like they just did, to save people from LOSING THEIR HOMES, etc. Did gov't and elites have stocks, etc. invested in GM?? What's going on?

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John L. Fritz June 2, 2009

I want to thank you for your advice and help over the last half year. I learned a lot but, at almost 89 years of age, I cannot risk much of my limited nest egg and still keep the family island paradise I've developed with my own blood, sweat and money for the benefit of my family LLC. I would like to have participated in your million dollar program but with a $5000 account. Not even including including Broker's fees, I figure that in following your market moves we would have to gain about about 30% just for me to break even. Thank you again and God Bless you, too. I really believe you are honestly trying to help people.

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Rob Ronald June 2, 2009

My question. I believe gold and silver will do good over the next few months and years. I have invested in the Central Funds of Canada (GTU, and CEF). Do you agree with this type of investment and investing in Central Fund of Canada and my time frame But SLV and GLD ETFs seem to be doing better than GTU and CEF. Do you have any comment. Should i withdraw my investments from GTU and CEF and invest in SLV and GLD I look foreward to your reply. Thanks

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KINNY C June 2, 2009

The GM plant at Spring Hill, Tennessee is only 16 miles west and in a few months, it will be idled. It currently has @ 2,100 employees but as important, it has 8,000 employees that work in sister businesses that serve the plant. Counting spouses and kids that affects a lot of people. And that puts additional stress on a state that relies on a Tennessee Sales Tax to fund its' operations. The green shoots that we were suppose to see sprouting are brown and wilting away... More foreclosures, more bankruptcies, more unemployment, which begets more foreclosures, and more bankruptcies and soon the business sector begins to tumble, and then the commercial foreclosures and bankruptcies grow and then more unemployment, and the circle goes round again and again....... And we understand why students at Peking University in China break out in laughter when our Tresury Secretary Geithner speaking about U.S. bonds, of which China is the biggest foreign owner of U.S. Treasury bonds. says: "Chinese financial assets are very safe," Geithner said. His response drew laughter from the audience. It was very embarrasing for the United States. The market is being manipulated and those that buy into this Conjured Rally will be devastated when reality comes calling. The green shoot reports are fabricated and when no one is looking or listening, they adjust the reports later to reflect reality, long after the controlled and biased media has reported "How Great Thou Art". P.T. Barnum said, "There's a sucker born every minute". I hope each of you hold true to yourselves and let Martin and staff guide you through troubled times. Hey as Bob once said, "The times, they are a changin" I response to GM, come meet the new boss, same as the old boss.............. I drive a Toyota.......

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Joe Rainey June 2, 2009

Thanks for your concerned and insightful inputs concerning the imploding financial situation. I firmly believe that select sectors and stock is even more likely to provide exceptional profit potential because of the current situation. Right now, bargain basement stock like G.E., Cat, Exxon Mobil and any realistic "green" energy solution providers will generate huge gains over the next five or so years. The once in a lifetime prices on these blue chips, I see as an irresistable long term play.

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Harry June 2, 2009

Let's get some things in perspective. All gold that has ever been mined amoumnts to $ 5 trillion. US toal debt amounts to conservatively $ 600 trillion - ten time the world GDP. Even the massive amounts of the government bail out package ($ 13 trillion) are peanuts when compared to the total problem. There is no elixir for this terminal disease - the USA will not survive in the immediate geopolitical world as a nation. Bloomberg recently had an article saying that the US will be emaciated like Zimbabwe, how sad. What have we done wrong??? We can expect breakdown in societal systems leading to massive civili strife - actually civil war, total breakdown from within, and then milatary occupation from without. After all the world wants its money back!

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Carlo Salerno June 2, 2009

Martin, Your latest forecast of doom has never referred to the real problems that have brought America to this state of fighting for its economical life. The seeds of these problems were not planted this year, but most of them were allowed to grow over the last eight years. It doesn't take a genius to become a Monday morning quarterback. Where were you and your team when all the roads to these critical problems were being ignored. I do not know if the present administration can salvage the country's future, but I do know that publishing all the predictions of gloom and doom you have opted to make your platform, has become nothing more than a critique of Obama and nothing more. I will cancel my subscription and depend on more astute advisors in the future. Good luck and God Bless.

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jerry shisler June 2, 2009

We "the people" are in DEEP do-do ! The present BUNCH in Washington are inexperienced,inept,impressed with their power,shoot blindly from the hip,don`t consider any consequencies,......I could go on and on.....gets` right back to the DEEP DO-DO!!! Gov`t can`t save GM...They`ll run out of the $70BLN before people start buying cars again....and when they start buying cars again....they won`t be made by GM! Most of the GM`s bailout $ is going to their underfunded pension plans....who are they trying to fool? JERRY SHISLER

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Doug June 2, 2009

I feel the root cause of any boom or bust in the U.S. is directly related to the dictates of the "Federal" Reserve. After some research on the history of the FR, one can easily see that they control this country and have power to force their will on all....our government (which of course the Federal Reserve is NOT a part of) in this country are just their puppets. In my opinion this country will cease to be a world power in just a few short years and will then be absorbed into the One World Government. Money is power and the LOVE of money is the root of all evil. For now gold, silver and inverse ETF's are the place to be for our quickly depreciating dollars. For eternity our faith, trust and hope needs to be place in the God of the Bible.

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Ted Faust June 2, 2009

79 years old, reasonably healthy, retired last June, (wife still working part-time). No pension, just savings and good investments. Barring a catastrophic event, we can make it financially. Planned on no SS or Medicare but taking advantage of them while they last. Thought seriously of moving out of the USA but all family & friends are here, so no go. Crime increasing despite the media saying it isn't. Live 40 miles from the heart of a major city and hoping no one else wants to move to the 'burbs. After the last election results went & bought double "O" buckshot for my 12 gauge in case the predicted "civil disorder" happens. We are hunkered down, cautious but still viewing the glass as at least half full.

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Anthony Montalbano June 2, 2009

Martin; My state of mind is that I am not sure of what's coming. I know Banacke main goal is to devalue the dollar so we can better compete internationally, however, I suspect his thought process is overly simplistic. What he has definitely accomplished is to partially distroy the American "Wealth Creating Engine." My only real hope is that both parties show their distain and offer resistance to further massive spending. Perhaps we can slow down (hamper) this administration at Mid Term Elections? It's unfortunate that society of this age is generating more followers than thinkers resulting in this administration. We appear to be outnumbered, at this time, perhaps not, humans are fickle and can "turn on a Dime" maybe?. Keep pushing, you have my respect. Anthony M.

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LJ from Kansas June 2, 2009

Government Motors! Obama could care less about the American worker or it's citizens. He is strictly in the prower broker business. What message will he deliver in Cairo, Egypt this thursday? My fear is that he will sell out the U.S.A and Israel to gain favor from his Muslem brothers worldwide. I am 70 years old and have gone through 3 corporate bankruptcys in the Airline Industry during my working lifetime. I have lost most of my retirement and now what was left have lost over 40% of that due to the economic meltdown. Do I feel sorry for all the UAW Union employees that have lost jobs or are going to lose jobs? No! Noone tooke care of my wrinkled old butt when it happened to me but I did and am surviving. Will they survive? Probably, but Obama could care less how they accomplish that. My gut feeling is that Obama is more interest in converting this once great nation into one of governemt dependency and political power for him and his. "Change We Can Believe In", Pure Bull Crap. We will soon see $5.00-10.00 dollar per gallon gas, unafforadable home heating prices, food shortages, 10-%+ inflation and 20%+ tax increases. This I will not be able to survive as well as many citizens. This will cause REAL change which will get very ugly! In my view, Obama's policies regarding running our country are about as worthless as a screendoor on a Submarine.

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LARRY J June 2, 2009

The US dollar is on the threshold of judgement day. Here is a list of interested parties who want the dollar to be devalued at our expense............ OBAMA EVERY EXPORTER ON PLANET EARTH EXCEPT US THE FEDERAL RESERVE THE CHINESE THE JAPANESE GOLD/SILVER STAKE HOLDERS THE EUROPEANS THE TREASURY SECRETARY PRETTY MUCH EVERYONE ON PLANET EARTH EXCEPT US

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Bruce June 2, 2009

If I had not read your recent book and all of your helpful newsletters, I'd be trying to decide how to rebalance my protfolio - bonds, large cap stocks, small cap stocks - and the proper mix of domestic to international. I now look at diversification in a new way. Your information on ETFs has been extremely helpful - what great tools for all markets. Using ETFs I'm shorting long term treasuries, buying gold and silver, playing currency trends, and owning a little bit of China. I have a good store of cash and I'm ready to start shorting the stock indices as this rally fizzles. It takes more time and attention, but it is definitely worth it. Thank you for valuable advice.

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Ted Faust June 2, 2009

No Chance!

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Ellyr June 2, 2009

I am invested primarily in Gold. For inflation deflation or political risk, I think it has proven itself historically. The dollar and the stock market seem to work inversely. Market willgo up with Goldman Sacks manipulation. I am not a day trader. I bought food etf's MOO Dba, etc. They have done well as has a wheat futures contract. We do have to eat as they say. Stock up on cans and store a years supply of food. It may come in handy. I also bought a good handgun and ammo, I know it sounds paranoid, but....... who knows. G d Bless America!!!!

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Wilson June 2, 2009

GM's demise was more about it's poor planning about the future... They could have easily began work the chevy Volt years ago ( but now a 40 mile range for a plug in is almost obsolete and the car hasn't come out yet.!) Personally I feel that the UAW strangled the management with their demands ,pensions, and layoff programs what a sweet deal it was. GM Has basically written off $172 Billion of debt by going Bankrupt. Yet I feel those "elements" of product design. production, and quality are not in place at this point to revive this dinosaur. They MUST re-engineer their future and learn what the Japanese have learned years ago about building a quality machine. it's about proper materials for proper long term operation. ie. Why do Toyota's Last so well ? it's also about the UNIONS and their greed seizing the day and ruining or more aptly put "biting the hand that fed them" . in the end those that mattered least were rewarded MOST and you cannot expect to survive when quality and R&D are slipping through your fingers as management looks the other way or are too busy fliting about on the corporate jet instead of managing by EXAMPLE and fixing issues before they become a problem and require a Federal RECALL. GM rolled the dice thinking were all a bunch of 6th graders with grilled cheese sandwich brains and would'nt notice their poorly made Products that were made by union labor that had a golden parachute. Martin, your will be better served if you STOP being an alarmist and using FRIGHT to lure your customer base and instead become PROACTIVE and tell WHERE it's best to invest during these interesting times. Your diatribes are alarmist and do not contribute to clarity we are all seeking.

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David June 2, 2009

God, you Americans overreact. It's not the end of the world. It's the end of America thinking that they are the only game in the world. A new realism of thinking is required with some damn optimism. The USA has been living on credit for decades. Find ways to earn your living in competition with the rest of the world. GM ignored the rest of the world with regard to motor manufacture. It was always going down without fresh thinking. But look at ExxonMobil, the most successful corporation in the world. The most successful US corporations are those that are able to move freely and comfortably in the rest of the world.The US was the home of innovation and it can still be so. By all means be prudent with your money (a good rule for all times) but don't climb into your bunker with your egg-laying chickens just yet.

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Antoine Poitras June 2, 2009

SIR I have now read you for many months. I must conclude that you have always been right to date. What a performance! If we already had the oracle of Omaha in Buffet, i just hope that we do not now have the oracle of Florida in Weiss! As everything happens nothing is impossible!I hope that the great american nation will be stronger than ever after this terrible storm. Here in Canada Quebec province, things are not so bad, but what will be the future here if U.S. collapse? I followed your advices for a long time, and stay cash except little day trading on oil and gold. Thank you for your work so needed now. I am giving your site to a lot of people here. God bless you. Antoine Poitras Quebec city Canada

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CM June 2, 2009

Considering all the tinder boxes associated with the current national and international political, social and economic environments, should any one or a combination catch fire it seems that the unthinkable(financial collapse, loss of faith in governments ability to control and stabilize, widespread social unrest and the dire consequences of each) happening everywhere grows stronger with each passing week. I just can't get my mind around what this means for our lives in the relative short term i.e. next couple of years. Certainly some riots, martial law, social and moral degradation, deprivation, civil wars, etc. have and are happening in some places around the world but is it really realistic in our own backyards? Those that embrace the spectre of economic and social collapse do present compelling arguments for the potential of it happening in the short term and even some voices that had been advocating recovery have now begun to express concerns and doubts. There are some scary opinions about what could happen! Would be interested in hearing why an imminent collapse will not happen.

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Steve Miller June 2, 2009

Your predictions that a catastrophe is coming seem to make sense. However, even bears are now saying the stock market will go up for a while. I have stayed in the money market for months but am beginning to believe I need to get back in the market at least short term. Also, I am not convinced that your prediction of a deflationary rather than an inflationary depression is correct. (I have read your book.) I cannot believe the federal government will not just simply print money and pay entitlements and debt in inflated money.

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Adam June 2, 2009

I understand that we all feel a little sense of dread about the unknown repercussions following the GM bankrupcy. My question is, leaving the feeling of dread and fear aside for a second, how do we answer those journalists/analysts that say that the debt level per unit of GDP is still way below that of other countries? The number for the US would have to double approximately, for example, to match the problems that the UK is currently going through, and even for them, the credit rating agencies just downgraded the outlook and not the actual rating itself. Bigger point - totally agree that we in the US are headed down the wrong path, but how much more time do we have compared to other countries? Having said all that, my feeling is that, even if our debt level per GDP ratio is not as bad as (say) the UK, the effort required to reverse the situation may be more difficult and have worse side-effects than just hastening the process of bankrupting the USA. The author seems to be brought up more and more, these days, but really, I think Ayn Rand's Atlas Shrugged concept is still 100% sound and relevant to today. Do we want to hasten the inevitable bankrupcy and deal with it in our generation, or leave it for our kids or grandkids to sort out? How do we hasten bankrupcy? In some perverse way, maybe it is, in fact, moral to max out all credit cards, and then default. Feel free to flame me, now, but I'm just throwing ideas out there.

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Kent Crawford June 2, 2009

Dear Martin, The country I was born into 61 years ago is already gone! The question is whether financial viability will last long enough for me to be comfortably dead, or we have the Second Coming, whichever comes first... Not too many years ago, after Orange County defaulted, I had a discussion with my father to the effect that the mounting National Debt would drive the Federal Government to default on its obligations. Now Comrade Al-Obama has spent beyond our ability to pay, our children's ability to pay, our grand children's ability to pay, our great-grand children's ability to pay... He is a faithful disciple of FDR, not realizing that FDR's bad tax policies actually prolonged the Depression. Al-Obama overlooks that we have learned a great deal since 1932, and hence his policy is 100% wrong and doomed to a catastrophic failure! There are some good investments out there. I still think the Utility and Energy sectors offer good returns for retirees. Careful contrarian investments are to be found for the long term. I am also intrigued with the prospect of Saturn as an independent company. For the next five years, I think Ford is attractive. Al-Obama's 'Government Motors' with its little green cars that will only be viable in the big cities will be an expensive failure. Even if the government does sell off its equity in a few years -- probably at a loss -- serious investors will avoid such investments. Keep on doing what you are doing! Your researches are a voice of truth in the wilderness of cheerleader and governmant lies! Cheers, Kent

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lawrence priestman June 2, 2009

The bail-outs are, simply, madness. America learned nothing from the oil panic of 1974 - we still have no viable energy policy. We remain at the mercy of OPEC. Now we beg the Chinese to not stop buying our bonds - translation: buy something that will be worth much less next year and every year thereafter. To base the nation's future on the goodwill of the Chinese Communist Party is beyond stupid, it is sedition and treason. As for GM, it two years it will in desperate need of funds. Since 'the taxpayers' now own it, we'all will be expected to bail it out again. And it five years it will again face bankruptcy and reorganization. And in five years I will be afraid to write such a letter as I am sure the thought police will be watching me.

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Gerald P. Murphy June 2, 2009

Hi Martin. My portfolio is basically gold,silver and your contrarian recommendations. I haven't been following your Safe Money recommendations because most stocks, if you are right, will tank. I have been doing some GIGO get in and get out trades. They have been mostly successful. I furthur believe that we will have runaway inflation,such as brazil has experienced in the past. I pray it not be so, but i do not see anyway to avoid it. I do not think real estate is a good hedge as it wouldv most likely be lost to inflated taxes. Super inflation is a sure way for government to seize private prperty through taxes. God bless Respectfully; Gerald P. Murphy Jerry

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andrew June 2, 2009

good morning, I have been following your reccomendations except shorting the dow/s and p and nasdaq after listening to Larry who so far is proven correct. he states the dollar with have a short bounce-do you agree and if so what is regarded as short? also euro dollar when do you feel it will turn-1.45 or 1.50? also have you changed your view on the markets and expect it to keep climbing or collapse as Klaus has described. Lastly, I have bought SRS a inverse on the real estate market. I bought at 24 and is now 18. Is this the correct way to short real estate and the next shoe to drop. It,s high was 300 in november. Will it go back there? Would you play srs or another choice and will the real estate get worse. Also, sorry for the long letter. I would like to come over from London and meet you guys one day and give you my thanks as I enjoy your articles and have enjoyed the journey of TBT thanks to you. Is it possible to meet you and discuss the future with you at some stage? My brother and I were searching for a uk product to take advantage of the uk gilt market but tbt was the only inverse bond we could find and so chose that route. All the best, Andrew Hart

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Jack H. Conrad June 2, 2009

I think, that this amount of paper flooding our country and with a good possibility that China, and Europe could dump our greenbacks for hard metal (Gold/Silver) or a new world money, we hard in deep trouble. I think that if we went into sometype of gold standard, backing our paper for example: $5000 / $10,000 gold per oz. gold standard paper. China and Europe would hold on to our (gold standard) paper. The gold standard paper would also eat up our debt. Note: The USA might have to declare inself insolvent prior to switching to this gold standard.

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Leo June 2, 2009

Martin, I have some of my investments in ETF's, specifically, SRS, SDS, FXP and DUG (just to counter the recent run up in oil recently) but I have taken a major bath, especially with SRS and FXP. Thoughts? Thanks, Leo in the DC area.

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Richard L Fisher, BSME, MBA, LtCol USMC Retired June 2, 2009

GM name will survive but will be unrecognizable as the GM of yesteryear. 1) Economic situation will become dire, vehicles as we know them will become a luxury few can afford. 2) The regulator efforts of Federal government to more standards not supported the public are a major problem this includes taxes added to fuel causing $5.00 a gallon by 2010 $7.00 by 2012, and more if consumption is more than enviomentalists think should be. 3) Electric cars will face $0.25 or more per KWH to plug into special grid connection for charging auto batteries due to energy and road taxes, also the current grid will run out of capacity if there are many more electric cars being charged, regulations will soon be required to charge cars at non peak electrical load times.. 4) The model to look at to see the future is European socialist, Muslim or Asian countries, only the elite will have traditional American type cars all others will have motor bikes or light trucks. 5) The current administration, "change" is rapidly taking the country to the socialist / comunist poor house fewer and fewer persons will be able to afford personal transportation as today. ----Not a very good out look, government spending is dooming GM and everbody, the good times are over, if you are not ready now it may be too late, hyper inflation will start by this fall (Oct. 2009).

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donald patriquin June 2, 2009

Face it - America is on its way down the tubes. But, there will be many who profit by it, as there always are during catastrophies. Sometime we have to fall in order to pick our selves up. The question is not "ARE we falling?" but "WHEN will we hit rock bottom, and will we bounce?". There is a fundamental law that governs "bounce" that has to do with resilience. The question, then, is "Does America have enough resilience to bounce back?". It's happening. I told my insurance broker back in 1996,the year I retired (young!), that we would see a HUGE financial calamity early in the 21st. century. He merely smiled - so did I...

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Gerry Randolph June 2, 2009

Before the non-conspiracy readers get upset with what I'm about to say, ask yourself "How can the world's largest (at one time), perhaps wealthiest corporation now be bankrupt?" GM as well as Ford and Chrysler employ many, many extremely intelligent and well-educated people to predict trends and to adjust production accordingly. Is it an accident that these companies were unable to see fuel costs spike and consumer wishes for more economical vehicles rise? Is it a coincidence that along with sending tens of thousands of union workers to unemployment lines GM will also divest itself of billions of dollars of financial responsibilities in the form of pension plans? The long-term repercussions from a GM bankruptcy will, I fear, be truly staggering. I can't help but believe that this entire economic debacle, here and world wide, has been carefully and thoroughly orchestrated to the end of a one world currency and a one world government. This to the extreme detriment of all of us in either the middle or the bottom of the financial heap. "Quis custodiet ipsos custodes?"... "Who will guard the guards?" Gerry

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Herb June 2, 2009

My basket is full with gold and on the inverse side etf FAZ. At 3X the inverse of the index I believe FAZ could be a big winner.

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Tom Keever June 2, 2009

Martin: I am a retired local government attorney with absolutely minimal investment knowledge and less than two years investment experience--and that on very, very limited funds. My original goal was and still is to develop my investments to supplement a decent and comparatively secure retirement so that I could add a few frills to my life that I might not otherwise be able to afford. But, like most, I have not been successful in that attempt thus far.i I believe that America will survive although I think the road will be tough and I do not see America being the preeminent economy for some time, perhaps never again. That is not to say that America will not be an economic force in the future but I think we will be behind several other countries such as China and India. I found your positions on the economy to be more realistic than most and agree that the present market rally will not last and will be followed by another significant downward movement in our economy. I believe foreign stocks and precious metals will be the best investments for the immediate future. I am also following the Contrarian portfolio although on such a small scale compared to your own investment as to be significant only to me.

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Zack June 2, 2009

Invest in Guns, Food, and keep your money in a safe place protected by your guns! Be self sufficient and depend on no one! Let the monkeys in the White House fling poo on us until we are sick of it and the whole zoo collapses. Then we must open our safes, take our money out, and start over. Everything else mentioned is just a best effort of what "might" happen or what should we do. Sorry, I am just a 28yr old dad who for the first time in my life started to care. My father-in-law and my grand father-in-law both subscribe to the Money and Markets news letters. I get the daily emails and buy the books Martin and his crew put out. From what i gather, Martin advises to save safely, wait for the collapse, and then rebuild it the right way....... Until then, Remember what matters most and what you can take with you when you die.

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Alan Lewis June 2, 2009

As an old man, 81 rushing towards 82, I am sure I will not live to see the recovery which I am sure will involve a revolution or a war. All of the last three generations of Lewises' said it the same, and I do too: " We have had the best of it ".

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Pedro A Delgado June 2, 2009

No Martin, We are not going to survive as the nation we know today. We are going to be a second rate nation as the Bilderberg Group wants. We were the final obstacle to the formation and consolidation of the One World Government. In contrast with what they did in the formation of the "European Nation" they had to destroy not only the sovereignty and the currency but what was left of our financial independence with debt that could not be paid back. To add insult to injury, they managed "to dummy" our people to the point they were no longer capable of having a discerning capability any more.

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Pete Hillebrandt June 2, 2009

I can't see America surviving as long as we still have a two party system that allow the embicles of both parties to steal our money and give it away to Corporations and individuals that don't have a clue and trying to be the so called policeman of the world. Hell we can't even police ourselves. Short of Revolution the age of the American Empire is coming to a close. Bet against American Stocks and Currency and your sure to make money in the long run. Sorry to say that South America and Asia may the places to be. Unless someone has some balls to stop this madness and the American people have the guts to listen and sacrifice, we are done, finished, through, kaput.

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Harry June 2, 2009

Hi Martin, Yes, America will survive, but survive is it. America will never be the great economic giant that it was in the 50-70's. We have become a nation of consumers, and have given up being the best at intervention, manufacturing, and being producers. We have become a nation of users, and I don't think there is much brightness in the future. My hope is that the Obama Administration and Congress take a look at the 1921 Depression (Yes, the 1921 Depression, the one no one likes to talk about), and get some direction in what would really solve this Recession/Depression that we are currently in. Spending more money will not solve the problem. It did not solve it in the last great depression, it didn't solve it in Japan's recession, and it will not solve our problem. If we are truly capitalists, then we should act like same. If you invest in a business and run it poorly, and end up owing more than you own, then you lose, then you fail, and you should be allowed to fail. Not one of these banks, not one of these corporations should be allowed to continue. They should be allowed to fail in order to make way for new innovators to come along and continue, and maybe do it right the next time around. As to the investors side of all this, I can only say that I do not think there is one stock on the entire exchange that is worth risking your money on right now. The only thing that is real right now are the commodities, the items the world needs to continue to function, ie: oil, foodstuffs, metals. The best investment I believe should be silver. It is currently being manipulated to keep the price low, but if owning 37% of the above ground silver is good enough for Warren Buffett, then I know it is good enough for me. Silver, gold and some other commodities will be the only thing worth owning, especially if this administration continues to print money out of thin air. Where is it going to stop? Will we stop before we end up with another Wiemar, Germany fiasco? Will we stop printing the money before it becomes completely worthless, as it did in Germany in 1919-1923. I really hope that someone in this Government will see the disaster for which we are heading unless we curtail spending, and fairly quick at that. We do not have much time to make a change that will correct the madness that we are now involved in. I made this as short as I could, but could have written hundreds of pages if I had to. Best to you, and may God bless your work, Harry

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Vincent Araneo June 2, 2009

I cannot believe that so many members of Congress are idly standing by and contributing to sending this once proud country down the toilet. If all members of Congress were asked to take a loyalty oath to the US rather than ridiculous ideoligies, I wonder how many would choose the good old USA.

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Patrick Pascarella June 2, 2009

Dear Martin, In reply to the question YES,but the real question is how will they pay for this debt. I belive that we will see tax increases of every sort inclueding a Vat tax which will raise taxes for every american. This will be presented as nessary in light of the historic events ( that they caused ) "They inherited "and you did vote for change. Keep up your good work. Best Regards, Pat

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Bradley Biddick June 2, 2009

The inevitable seems so impossible, the citizentry can not comprehend what will happen. Debt destroys if not managed properly and the gov't is mismanging debt beyond anything ever witnessed before. To me this ends in violence, revolution, desperation, chaos and military in the streets. I am not an extreme person. I have run several companies built using borrowed funds. I know the stress associated with debt. The gov't has no signs of stress, except for the Sec. of Treas. Obama glad-hands, believes himself and exhibits no accountability for his actions. This is the most sure recipe for disaster you can imagine. God help us.

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John Sensenig June 2, 2009

I am a manufacturer. Being able to borrow is extremely important to my survival. Red tape expenses are unbelievable. I think most of the voters are on payroll for 3 or more generations and have no idea what their employers are facing in red tape or they would vote differently. Now that unemployment checks are running out more will be forced to become entrepreneurs. That is when, I hope, they will discover that the 'there aught to be a law mentality' should go away.

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Percess June 2, 2009

Dear Martin I grew up in a third world country, a few lived well, but the majority lived in poverty. Not the abject poverty that we see in the Philipines or some parts of India, but we did not have cars, bank accounts, fine homes, TVs,telephones. Education and business was the way to obtain a higher standard of living. America has always projected a picture of affluent lifestyles to the world and people strive to attain it by any means possible. Today we are experiencing an economy shift, we will survive with less; those who are wise and thrifty will have sufficient. What surprises me here is that people who were doing so well are unable to feed their families. I read yesterday that the shareholders of GM are out in the cold. The bond holders are receiving 10% share of the company,the UAW 17.5%,the Canadian govt. 12.5% and the Federal Govt. 60%. Please tell me why the stock market even exists. Plus the fact that people will be losing jobs.

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AMF June 2, 2009

Time to buy Gold, Gold stocks, and OIL

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john dow June 2, 2009

I think the huge spending by all the countries of the word has averted financial catastrophy and the US stock market will continue to rise and reach 5o% above present levels, this year. Buy Bank of America and GE now.

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Robert M June 2, 2009

Will America survive? Years ago I read a little book named, How To Cash In While The Other Guy Goes Under. It stated in every crises and every calamity there is a window of opportunity to win and win big. I love winning and know that whatever happens, just position yourself to provide the running herd a direction to you and your concepts and opportunities. Give them an answer to there fears and passions and they will shower you with money. Soon the herd will be jumping out of the stock market again and this time after the dust clears the best opportunities will be available to those with wisdom and direction. Yes for sure we will survive, I know I will.

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Dick B June 2, 2009

I am a retired enlisted soldier, with no investments or private means. I live now as I always have, at the pleasure of government. America, as we knew it, and the one I fought for, is dead. What follows is not pretty. The Fascisti have arrived and nothing will ever be the same. Change is natural and to be expected. How many auto makers have gone the way of the Dodo in my lifetime? GM is just one more, but the marque will still be there, a hollow icon - eyewash - as we say in the Army. I wish I had bought stock in Ruger, Smith and Wesson and Winchester on Nov 5th, but lame old soldiers don't have discretionary funds to gamble. My advice, Trust nothing this government says or does; believe nothing you personally cannot prove; Keep your faith but be prepared for persecutions; learn the skills for elementary survival and start now. Pass on to those ill educated, ignorant young, what America was, and might be. You're not defeated until you believe you're defeated!

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John Sensenig June 2, 2009

By the way excessive Red Tape does not prevent crooks from operating, it just prevents honest folk from operating.

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Paul vH June 2, 2009

Martin, Your latest book predicts deflation. Peter Schiff, another respected analyst, predicts the oppoiste - inflation and hyper-inflation. Which future is the most probable and why? Thank you in advance for your response! Paul

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Dexter Douglass June 2, 2009

Please answer whether your advice to convert most stock holdings into Treasuries still stands. If not what else?

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LARRY J June 2, 2009

Will americe survive? YES. Every fiat dollar that is printed today will effect us over the next 1 to 3 years with higher prices and a lower standard of living. Good luck getting a job that makes a living wage( greater than 50000 per year) thats pretty much evaporated from the american landscape. Has anyone ever noticed how many people work for the government today? Just go out on the road at 9am on the next federal holiday, it's pretty much a ghost town. I heard an estimate somewhere that in any given locale in america fully 55% or more people work directly or indirectly for the government. Goes to show you what's REALLY happened to america since 1981. I wish us all good luck with the frankenstein monster AKA the american economy.

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CONSTANTIN SPIRIDON June 2, 2009

Dear Dr. Martin, The fall of America will be the 8th wonder of the world. And I dare to say that the US is too big to fall. Of course, we have started a global economy, and nobody knows how it should work. I dare to say that only after those 9 trillion dollars announced by the government we could have the real crisis. But a real crisis, will start when the US will have no immigrants. Could this happen? Yes, but hard to believe, in my life. The US will no more have immigrants when another place to attract them will develop, or when the people will have no reason to immigrate. Again, hard to believe. Conclusion: the whole world will change.

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Peg June 2, 2009

We think those of us who were not greedy and played life as our parents taught us born in the depression days will be alright. Even though we made alot of money some of us we didn't like debt so didn't jump in and drown. Always frugal and laughed at we retired over thirty three years ago with everything paid for.....no debt and live below our means. Now in our 70's our big house can hold a son or daughters family when it get rough out there and live like the Walton's and enjoy the beach three miles away. This is teaching so many how to finally live and what is really important in life and it's not an unpaid for BMW, it's the cushion we were told to have for the rainy days.

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Metz June 2, 2009

Dear Mr Weiss, I`m writing you from Germany and the financial situation is a bit different for the individual ( social securities .....`).I prefer some gold, gold Etf`s, corporate bonds with short terms, and some stocks. For hegding a knock out put. Your money and market is so fascinating, but it`s hard to get some American investments here. Thank you for all the work you do for this letter . irmi

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bill mrazek June 2, 2009

I would simply let the system collapse and rebuild on the rubble. Experts can give a hundred reasons I am wrong. In the end the system will implode and the Feds will print enough worthless money to make the Weimar Republic pale by comparison.

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Richard June 2, 2009

I am very concerned that by year end we will be in a very deep depresion, one that will last for 5-6 years. We are also heading for total government control over everything we do and own. I am 63 years old and have never seen such blatant corruption in every part of our Government, starting at the very top. I am very scared for our Country I have written both senators and my congresman many times, but have never received a reply. I am very angry and frustrated. I am at a loss as to what to do except vote for "honest" change in 2010. I only hope it is not too late. This Country has no legitimate leadership.

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ray June 2, 2009

How do you get the statistics for your letter and the comments made by the writters 600 trillion of debt seems unlikley a number. How can you but not Larry E. miss out on one of the biggest bounces instock market history. mar 9 s&p 666 I guess the market went to hell in a hand basket. Now it is at 943 a 42% return. now if we see a 10-16% decline and then an upturn the bear market is over.

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tom egert June 2, 2009

your advise has been to get out of debt: house, cars, credit cards etc. For 99% of the public that will tend to be very difficult as we have been raised to buy on time, save a portion of our income and make payments on time and to trust the financial system. the jobs are gone, the morality is gone, the character is gone and so is the money. In this economic environment is it impossible for the average person to stay solvent. Any one with a 401k has been ripped off by the system they trusted, now they have nothing to invest with. we all do not have hundreds of thousands of dollars to invest. the nation is broke. people are not stupid they are ignorant and uneducated about money. Ask 20 people who owns the fed and 19 of them will say we do or the government. Until the population understands money a recovery will be difficult.

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WEB June 2, 2009

Dear Martin, Your excellent reputation as an economic expert, honest reporter, and US Patriot is greatly appreciated. Your comments of the past have been very helpful to many people because your viewpoints followed the actual conditions of the day versus what the main press gave to us for consumption. My opinion about the survivability of America is extremely cautious for many reasons including ultra high debt where it may be impossible to pay it back in a lifetime, reduction of lifestyle by the masses to a level not seen since the great depression, possible loss of law and order especially in urban areas, critical shortages even if temporary for water, food, medical supplies, energy, etc., and the reduction of our Constitutional rights as we knew them previously. How can we say that investments in any venue will be successful when the very basic fundamental elements of society are now in play? If and when our government returns to adherance to the Consitution, honest lawmaking and enforcement, the investment world is going to be undependable.

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Duane Gilchrist June 2, 2009

Martin, I appreciated your June 2 letter and forwarded it to my 150 or so friends thusly: "Hello All, Martin Weiss' father was a successful investor/advisor dating back into the 1920's & 30's. Martin picked up the baton in the 50's-60s. For years he has issued a very respected service, rating insurance companies and banks, along with market advisory products. I have subscribed to his service since the late 90's. Currently he has an actual one million dollar account, "The Million-Dollar Contrarian Portfolio", as a model that subscribers may follow. It is administered by a noted German advisor, Claus Vogt. Please scroll down for a brief communication he sent today that reflects reality in the midst of a current wide-spread false optimism. Most of you, on my "e-mail list", honor the God of the Bible, who wrote of these very troubled days to preceed His Son's return to this planet to straighten things out! Martin's appraisal should cause us to pray and take what action we can to preserve our "plunging dollar", defined, nest-eggs for sensible, administered, investment in His/our heavenly storehouse! Speed the Day! 2 Peter 3:11-12, Duane G. P.S. You may click here for a current picture of your "dollar"!"

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George Appel June 2, 2009

I really don't understand what all the fuss is about. I'm certain that the rest of the world doesn't care wether or not the U.S. has anything to sell, they are happy sending us funds for pictures of dead presidents. Who needs a job anyway when China will finace our daily life.........

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Daniel Murray June 2, 2009

Interest rates will have to increase due to massive amounts of dollars being pumped into our country. The people runing our major corporations were taught at Harvard and other business schools to increase their prices based on the forward assumed inflation rate so they can earn money in real dollars. They will atill try to do this even in a market environment where the demand is significantly less. some will be bankrupt. We must all write to our congressmen to stop this nonsense of bailing out failed banks and businesses that are not capable of using our tax money to recover. We should not help those that caused this problem and continue to bleed our money system. We need to ask congress tro stop this nonstop effort by the exective branch to put us so far in debt that we can never hope to recover. I vote for investing in Agriculture, food, precious metals and key industrial commodities like copper. We need to fire the Federal Reserve. They are not in our government anywy and they primarily serve big money interests. Who has received all of the stimulus money? When do we get an acounting of these funds?

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Stan Morrison June 2, 2009

I believe that America will survive after several years with renewed strength. Hopefully The administration will come to their senses and abandon their bail out plans. For now Inverse ETF's will make the most profits. Stocks in China will make good gains after we hit bottom, probably around Dow 3,000, maybe less! Many thanks for your guidance in this turmoil. Stan

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James June 2, 2009

Hi Martin. I am not sure if you subscribe to the Kondratieff cycle but I feel that there is a good deal of truth in this theory. Simply put, according to this theory, after 70 or so years since the last winter (depression) we are once again in winter and the investment of the moment is gold, but in particular junior gold mining stocks. I take the view that the oil/gold relationship that seemed to drift apart over the past few months is likely to be back with a vengance, seeing both commodities move higher. I would be interested in your comments on this. Kind regards, James

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Michal June 2, 2009

Martin, you did an excellent job again in recognizing what is up and explaining it the way which is understandable for all. Thank you. Michal

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Michael June 2, 2009

Hi Martin, Claus and Friends, I would like to start by saying it's about time! Inefficient giants have been ravaging public funds for years. And we all know, that NO bailout money should have been forwarded to any of these Car Companies or Banks without some very obvious list of changes to infrastructure and operations, enough said! I am very interested in the possibility of making money with commodities, precious metals, oil and gas, etc. But Every time I hope to make 20-30% gains on a stock in USD, the very real possibility that I will lose ground on a depreciating USD now looms large? Which means I might need to make minimum 50% profit on each investment to reduce this risk, but that doesn't seem realistic? Thanks Michael (Vancouver)

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Ron Raridon June 2, 2009

Will America survive? I can only hope and pray that it does! I remember what it says in the Bible, 2nd Chronicles 7:14, "if my people, who are called by my Name, humble themselves and pray and seek my face and turn from their wicked ways, then I will hear from heaven, will forgive their sins, and will heal their land". America's problem is not economic, it is moral. The economic downturn is the symptom and result of a deeper spiritual problem. As de Tocqueville said many years ago, "America is great because America is good. If America ceases to be good, she will cease to be great".

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Terry June 2, 2009

You are my most trusted source of financial common sense in these increasingly destabilizing economic times. Thanks for all you are doing! I do not believe the question of America's survival is in our hands but I do believe that our elected leaders' moral character and therefore decisions they make will be pivitol in our immediate future. If knowledge is power than it follows that lack of knowledge breeds powerlessness. When we see the incredibly self-serving moves our leaders are making, virtually spitting in the face of informed decisions and common sense, we have only ourselves (collectively speaking) to blame. I believe the current administration gained office by appealing to the self-serving interests of the masses - basically their greed and penchant for government handouts. In this country we generally get what we want in terms of the government. So we have voted ourselves into impotence. I think the lightning strike of the debt crisis last fall was the shockwave that started an avalanche. It was given a push down the mountain by President Bush and with the coronation of Obama the slope of the mountain has increased an order of magnitude. I for one do not intend to get buried by this avalanche. I so appreciate your urgent clairion call to get our money to safety. As of yeasterday I could take no more sleepless nights and have moved all my retirement accounts to what you have said is the safest investment - T-Bill money market accounts. I plan on sleeping well as the avalanche gains momentum and pray I can stay at least one step ahead of the coming inflationary devastation. I have also gotten completely out of debt and have reduced discretionary spending to the minimum. I can do no more. Thanks for being the voice of reason in these troubled times!

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Alphonse Denayer June 2, 2009

The only realistic solution to the economic malaise was declaration of a tax holiday; a suspension of payroll taxes and elimination of the capital gains tax. The government currently takes about $20 billion from the productive citizens every week in the form of payroll taxes; equating to over $1 trillion a year. Fewer people would be laid off, the worker would have more to spend and the recession would end immediately. We would not need to concern ourselves with failing businesses and banks that were poorly managed as there would be plenty of investors from around the world willing and able to pick up the pieces -- driving new business and new jobs. Obama is proving that governing by left wing ideology does not work.

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Steve Estro June 2, 2009

Will America Survive? As with Greece and Rome, history is due to repeat itself. The American Economy as we know it will change. But the spirit of America will live on! America is only a thought in our minds and in our hearts. Whatever happens in the future, only God knows. Don't be afraid of what the future holds. As Americans we will never give up, and we will never surrender.

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Dale June 2, 2009

This economy is simpley a house of cards ready to implode. Sorry!

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David Peterson June 2, 2009

Hi, thanks so much for your prior report on the 100 safest n most dangerous banks. With the GM failure I worry how that effects our banks and specifically whether JP Morgan and/or CitiBank will fail. I echo you, I believe in not expecting BOA to fail. Any comments ?

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Lynda Allen June 2, 2009

The American Empire will only survive if we have true leadership, paradigm shifts, and vision (along with implementation) for the 21st century. All the oil/bank/politicos, etc Baron's are short sighted and greedy. China and other developing nations will surpass us in energy, bio-tech, stem cell, health care, etc. as our pols cling to obsolete ideologies and again greed. We got change and short changed.

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Tallfriend June 2, 2009

Bush/Obama & whoever the next crook is that we elect, are one in the same, make no mistake about it. A politician is a politician, and they are all (or 99%) corrupt. It is all about money & power - no matter what country you live in. With regard to investments, my position is get out of the U.S. dollar while you still have one. Our government is purposely debasing the dollar. Get into gold, the only investment that has REAL value. Get into foreign stocks that are high dividend paying stocks. The next bubble or bubbles may possibly be dollar-denominated cash assets and U.S. bonds. I read an article from an online foreign newspaper recently that stated the U.S. is at best going to resemble the Weimar Republic or at worst, Zimbabwe. I tend to believe this due to all of the fiat money our government is printing. The U.S. may survive this economic tornado, but we will be VERY different when the dust settles. Our children & grandchildren will NOT know what the real America was like. They will have a new reality & will be fascinated by our stories of things like free speech, respecting the individual, and the crazy notion of life, liberty, & the pursuit of happiness.

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Ben Trotter June 2, 2009

Will the richest country in the world survive.. of course it will. But, if the Federal authorities don't go after the thieves who have been knowingly selling worthless debts then, look forward to more of the same when once again the U.S. of A. bounces back. The bounce back will be quicker if Uncle Sam could see his way clear to relinquish this stupid, costly, role of world policeman. Remember that charity should begin at home.

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Greg S. June 2, 2009

I appreciate all of your advice, but as a 40 year old resident of Michigan, and barely keeping my job, I'm resigned to the fact that retirement investing may be to no avail. We are all pretty much wiped out in this state, property values are worthless, people leaving in droves, no jobs, gun and ammunition sales are on fire. My retirement will basically be when I die....what little is left the kids will fight over. As for Social Security...its a pipe dream for people my age, we will have to work forever. Get ready for socialism...

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Steve June 2, 2009

I am amazed at how clueless most people are today, they ask deep questions, and then ignore the answers. Most people seem troubled, but are afraid to look at the train that is barreling at them and take action. The strong consumer sentiment makes no sense to me. How can it be rising? Are people really so confident in the U.S. Government to fix it or do they see inflation dead ahead and instinctively know to buy assests like stocks? When I look around my neighborhood and town, I do not see a boom coming, so what is coming?

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Olindo Dragone June 2, 2009

The ruling elite control us all via the banking system. As I see it, they are not about to relinquish that control. They will do anything they have to (including trashing of currencies) to fix the leaks in our ship of state , and I believe they will keep us afloat. What America will be like after their operations is anybody's guess.

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Doug June 2, 2009

The dollar is headed south, treasuries are rising, unemployment is rising, inflation is rampant and we've given control to a man with his own agenda. The Treasury is run by a tax cheat and here in Georgia the Justice dept just decided you don't have to show ID to vote which means being a citizen is merely a luxury but not really required as long as you say you're one. Ronald Reagan, where are you? The people who we elected to represent us are putting the screws to us and now we're told that we don't pay enough in taxes. One of the oldest and biggest manufacturers in the world has just gone bankrupt. My IRA portfolio is down 80% and my back hurts from carrying the load. And now you are going to make me rich. I need a stiff drink

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Mike June 2, 2009

I have my escape plan in place. I am one of the fortuante ones. I own 2 properties outright in Brasil with my beautiful wife and lots of precious metals. I've been accumulating gold bullion since 2003 and most of it is outside of this country. My gold CANNOT be confiscated which I am sure is coming in the future. When the lights turn out in the good ole USA, the mantra will be, "I got mine, did you get yours?" Sad but true.

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Kenneth C. Lewis June 2, 2009

When the politicians continue to follow this course of destruction I can't help but think that this is a planned path of ruin by a group of treasonous individuals. As an old WW 2 infantryman, I do not expect any recovery in my remaining days. Precious metals will be a wise investment. MAY GOD BLESS OUR AMERICA.

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james Meyers June 2, 2009

Dear Martin, Do you still feel T-Bills are the best place for cash to be placed? It does not seem the Gov. is too reliable or depndable at the present time. Thanks , Jim

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Will-be June 2, 2009

Fannie, Freddie, GM, Chrysler - - ???? In War time - it takes money, marbles and chalk to bring about destruction. Bridges and buildings and companies do not fall all at the same time, without great planning. Yes, they can fall individually - - but not all together - at the same time. This above is a FACT. Great effort must be put forth in order to form a Perfect Storm that can re-shape the world. I almost admire, those who can bring down the World economies.

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Lucy Bevill June 2, 2009

I am afraid America is being sold out to foreign countrys. Selling Chrsler to Italy etc and getting in debt to foreign countrys. They will soon own America.

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Jay Hurley` June 2, 2009

I will soon be 68 and am still working. Everything I have is in IRA CD's and other CD's. My question: Will the FDIC be there for me?

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richard a leyendecker June 2, 2009

in my opinion the thing to do is to let the market handle the break downs of any and all companys. if there is no interferance from the federal government, the market will began to fix itself and we will start to recover that much sooner.

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David Larson June 2, 2009

Obama is deliberately driving U. S. into bankruptcy. So long as we leave him in power, there is no hope for the future of America. He is effectively running a one man government. He did not give Congress time to read the most expensive bill ever passed. They neglected their prime duty, knowing by reading a bill before voting! We have very little time left to get rid of Obama and save our nation.

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RICHARD SMITH June 2, 2009

I have seen your dialogue on short term deflation and long term inflation and dont really understand how this and the devalueing of the dollar all fit together or maybe its when they fit together. The most frustrating is how does Washington think we can pay off debt by borrowing. Taxes will have to increase or have a federal sales tax on everything that will be higher cost and have nothing left in purchasing power. Will the conversion of the dollar into the yaun do anything to pay off the debt.?

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surindr June 2, 2009

my feeling is very neutral to the failure of gm at the end of financial crisis of non discipline financial institutes. the world is changing and every industry has to follow the change or else lead the change. Auto industry in the States is no more competitive or productive. This new era is for Green energy and health care which will lead the economy of the next century. Workers has to find new job as the auto industry has to go. Those showrooms and car dealers are too luxury nowaday. For American, Auto industry is running "just in time" and does not need showrooms or car dealers any more, and customers will order new cars by internet direct from the factory on quere.

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Ray Fields June 2, 2009

America will survive but in very different form. The next great depression is a given, but I am more concerned about the proliferation of nuclear weapons and our inability to stop it. Though we worry about terrorism, our retreat from the world militarily has horrific imlications. Our military leaders have yet to speak up on this matter as opposed to overseeing the gradual dissapation of our armed forces. Frightening indeed. Ray

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Pat R June 2, 2009

I have some retirement funds coming due at the end of June. I have to roll it over to keep from paying taxes. What do you think of a gold IRA? The fees are about $150 a year which seems outrageous to me. But would this be better than a gold ETF? Either one does not seem safe if the US goes under. I feel like they will be confiscating the gold and the stock market will be worthless so there will go the ETF... What should I do?

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Peter Berlin June 2, 2009

Because of our U.S. Constitution, Bill of Rights, Congressional balance of power, our natural resources, our acknowledged worldwide know how and our past history of being able to overcome whatever comes along, I have the belief that the United States will survive and prosper ...... although not in the near future. Until our President and the forces in our country begin to recognize the need for quality and integrity in all things, the light at the end of the tunnel will continue to remain invisible. I have joined with you in you Contrarian Portfolio until I see the light in the tunnel.

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mike johnson June 2, 2009

Martin; Too much debt is what got us in this mess. It's like an addictive speed drug. Yes, it's very difficult and painful to give up but that is where the solution is. However, instead of coming clean and starting the recovery process we are feverishly attempting to stay high on debt. At all costs we are refusing to sober up and become healthy. I need not tell you what happens to people who don't give up speed drugs. We know they can appear active and OK while high but we also know the end result for addicts who don't quit.

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LARRY J June 2, 2009

On the dollar versus gold GOLD THE US DOLLAR ALWAYS HAS INTRINSIC VALUE JUST A FANCY PIECE OF PAPER IT BACKS CURRENCIES IT BACKS NOTHING EXCEPT CREDIT LINES HAS NEVER GONE TO ZERO ALWAYS GOES TO ZERO SAFE HAVEN IN BAD TIMES YOUR KIDDING,,RIGHT? CAN'T BE MANIPULATED MANIPULATED EVERYDAY BY THE GOV. CHINA IS BUYING CHINA IS SELLING OR SOON WILL BE JAPAN IS BUYING JAPAN IS SELLING OR SOON WILL BE CAN BE TRADED WORLDWIDE YOU'RE KIDDING....RIGHT? ULTIMATE RESERVE CURRENCY NOT FOR VERY MUCH LONGER By the way, if you think our economy is bad now, just wait til the US dollar loses it's reserve currency status. Take Care.

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Robert Shereck June 2, 2009

Martin, You have been accurate, not flawless however stunningly accurate and the comments you stated scare the you know what out of me. I think we all have to give up any notion of the way we want it to be and be with the way it is. The way it is is the way you stated and that is made up of assertions that without a doubt you have evidence for as we do too. In the face of this oncoming reality we need to look at what will survive and what will thrive with a new set of eye glasses and make our moves accordingly. Thanks Robert

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Ted Newcomen June 2, 2009

What would happen if someone (say Mr.Sorros, or some other person) decided to create a new currency backed by gold, or some other commodity? Of course only governments are currently allowed to print money but if confidence in the $ fell precipitously then I would expect that there would be very little they could do to stop such a process. When people are pushing round wheelbarrows full of $ notes & theives steal the wheelbarrows & leave the notes then such a new currency may take off? What do you think?

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Kevin June 2, 2009

As long as the country subscribes to the idea that only the Govt. can create economic growth, we are in for a long slow period of declining growth and limited upside. Here's the analogy: Have you ever met anyone wealthy that works for or runs the DMV, School Board, Post Office, or City/County Govt...The answer is no, unless they are on the take. Entrepreneurs and profit seeking entities of the free-market got this country to 1/4 of the entire world economy. As hard is it is for the left to understand, only capitalist not beauracrats will elevate the nation to new prosperity. So as long as we have center left govts. in...I'm out!

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Leon Shufelt June 2, 2009

The world - not just the US - is restructuring and I do not believe any nation will come out of this rough financial period without significant change. The nations that increase debt to 'solve' a debt-created problem will most likely come out weaker. Too much debt, be it on a personal, corporate, municipal, state or federal basis is always a harbinger of future weakness or collapse. This story has been played out enough times for all of us to have witnessed its result. The only real question is what is 'too much debt' in a given situation. The US government appears to believe that it has been backed into a corner and sees only one 'solution'. This solution is the problem just moved up the scale (ie trying to solve a debt crisis at the personal and corporate level by creating more debt at the federal level). However, federal debt IS ultimately a personal and corporate problem - the main concern is that it weakens everyone instead of just a few. This does not add financial strength to a nation. That is the unfortunate consequence of where the US is now headed. There is still hope that it may change course. Perhaps collapse is necessary in some form for a meaningful restructuring to take place. I do not believe any person, corporation or government can spend its way out of a structural problem. We shall see.

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John June 2, 2009

Will America survive?? Absolutely. Will it be the same America we have known and loved during our lifetime? I don't see how it could be. The debt burden we will pass along to our children and grandchildren will prevent the majority of them from enjoying the living standards we have enjoyed. In some ways, that will be a good thing because look what our addiction to debt and pie in the sky has done to this country. More really bad news on the horizon as we continue to pay the price for our excess. Late '70's & early 80's inflation on the way. Higher borrowing costs, especially mortgages will kill many homeownership dreams, but, the smart ones will benefit by paying as they go, instead of accumulating too much debt and counting on future prosperity to pay it off. Back to basics for equities. Positve cash flows, reasonable growth expectations, solid companies providing quality products and services at competitive prices. I remember when Utility stocks were for "Widows and children", well, they have a product most people can't live without, pay reasonable dividends and have predictable earnings unless the highfliers like Enron don't stick to their knitting. Stick with companies who have solid balance sheets, a good history of earnings and therefore solid management. For the near future, Asian market may outperform ours, but, without the U.S. their growth options are limited. Our country's debt burden will hobble us, but, there will be good opportunities to buy solid U.S. companies at bargain prices in the future. Just don't expect sky high P/E's to return any time soon.

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Gary June 2, 2009

No real surprise with the GM's demise. They started on this road back in the 70's when they started going against the grain of what people want and legislation that followed asking for better mileage in autos. They resisted all the way until yesterday! GOOD BY GM, hello Government Motors..Unfortunately we don't have a say in what they build...copy Toyota, like you should have 30 years ago! Thank you GM for adding to the demand for oil guzzlers and ultimately ruining this great country. Thank you GM for helping cause the latest wars and contributing to the thousands of young US service people. Now Hummer will be sold to the Chinese, great...more transfer of military technology. Where does that leave us now...will the new GM be worth investing in or like so many that have had bailouts just go belly up again. Should we invest in China and forget about the US?? thanks

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christian currivan June 2, 2009

Martin I've read your comments. Nowadays investors are running to the least bad option. The dollar is the worst option! Despite it's obvious weaknesses the euro is looking stronger than it ever did it will become a hard curency only because the dollar will be destroyed. Commodity currencies will also look strong (and stable) post recession.

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Suzanne Ritchiw June 2, 2009

Mr Weiss - I am a long time follower of yours, bought your recent book. I trust what you say. My husband is more wishy/washy. At my urging he moved his 401 into save harbor, but with the upswing of the stock market, then yesterdays jump, even with GM filing...he is ready to hop back in. Please help, How do I explain this to my husband?

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JoAnn T June 2, 2009

I don't know what the future is, only God knows that, but I do know that if the US survives this, it will be a much different country than we are today. Our greed and consumerism, to buy more, better, bigger has led to this. We are being given the bill for the last few decades of uncontrolable spending and I am afraid that is won't be just our present generation that will pay, but generations to come. In California we are facing massive cuts in government spending, and it seems that the most vulnerable and weakest are being hit the hardest. As I get closer to the Social Security years (I am 60) I wonder if it will be there for me when I retire. As for investments, I am still in a quandry about some of them. I appreciate the advice given in your newletters and am trying to use some of the advice to help my little investments to stay safe and if possible grow a little.

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TOM BOMMARITO June 2, 2009

Heard some place that Einstein was quoted as saying, "The 2 most common things in this world is hydrogen and stupidity". This last election helped prove that saying one more time. As a School psychologist I know that intelligence is the basis of all actions, especially when you recognize that you can make people dumb, but you can't make them smart. What's all that got to do with the premise we're dealing with in the market? Everything, We just got a lot more dumb people around than smart ones, and as long as they got the same vote, without the same ambitions - we're doomed. The sad thing about this all is - people are people regardless of where you go, so there's no getting away from it all. Let the market go up - buy the inverse ETF's make some money and then go fishing. Chaos WILL reign. Larry, you're one of the smart ones!

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Lyle Sharp June 2, 2009

alright , general motors , Ford, Chrysler , ETC. Where lies the problem with all Business It's not the man or woman putting on (Hub caps. ) or doing what ever . The problem is Mangement .. Big name ceo's and the other crooks . All see to it that they and their friends are taken care of . They collect Millions per year. travel on company jets they are on huge expense accounts . Then they complain about the people making $50,000 - 60,000 a year . Some of the Ceos make that much per month. Yes it's the union fault It it wasn't for the Unions the employes would be making like China. a dollar a day. And it isn't just the Big over- paid CEOs . The upper Mangement really wasn't interested in makeing good dependable cars . If they had been interested they would made them . It's all politecs . They give huge donations to our politician's , that way they don't have to do any thing but complain about Labor cost .What a crock, Good Magenment means . We don't cheat others out of a decent wage while we take all . I've been in Business also . You take a little and leave some for the Employies and for continued business operations. Paying huge salarys plus boneses to some of these some of these people for no other reason than a big Show . Lyle Sharp

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Sandra Martin June 2, 2009

I feel our nation is in dire danger. There is a Sataic movement trying to destroy our beautiful country. Glen Beck on Fox News has been trying to unite those of us who know this. I pray that soon people will wake up and listen. Most people are not aware that the Federal Reserve Bank is not owned by our government but that most of the less than 10 owners are European! Those people have made millions the last few months while others are losing their jobs!! We, as americans, must unite to protect our country! Only GOD can defeat the devil. We must turn to GOD for his help! Believe me, I am not a finatic, but am an american who feels so blessed to have been born in this great country. I hope you will lend your hand to help save our country! God Bless, Sandra Martin

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Rosemary June 2, 2009

I am not able to see through this mess objectively. I work in Michigan and metal bending has been my family's livelihood for several generations. I must depend on clearer heads to prevail and lead Michigan / GM / Chrysler through the debt tsunami. The US debt to too overwhelming for me to comprehend.

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Robert Horsley June 2, 2009

I hold about 50% in treas.bills and notes, 30% in reverse etfs,and 20% in gold and gold mining stocks.

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Andrew June 2, 2009

Gidday Martin, Yes I think America will survive, for now anyhow. If you don't believe it you are week and will ultimately suffer and become a miserable being. Strength comes from ones belief in themselves and ones country. If you live in America and don't believe in it, you are a burden on the country. In saying that I do think this countries politicians, need to re read the constitution. My only question is do you think the time has come to go long in the US dollar again.

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Mike Gerrish June 2, 2009

Will America Survive? Of course it will. While countries like companies can go broke, they can not be wound up and cease to exist. The US will survive and the real question is what will life be like in the America of tomorrow? Well, not unlike the way life will be in the other developed nations. Unlike the crippling inflation in Germany in the 1930’s the USA is not alone in the world facing the fact that the country is financially broke and it’s citizens will have to change their view of the future Many Things will change and here are my thoughts on some of them: - 1. The power of the political lobby will reduce. 2. The power of trades unions will reduce 3. The power of special interest groups will reduce 4. Fervent Nationalism will resurface with both positive and negative aspects. 5. Patriotism and self interest will influence personal and political agendas. 6. Good old fashioned values of hard work thrift will re-emerge. 7. International corporations will become an even bigger threat to the sovereignty governments. 8. Weaker Governments will lead to more local conflicts. 9. People will stop looking to government to resolve personal issues. The “I want it all and I want it now” syndrome will disappear. 10. We will all learn to be grateful for less. 11. More families will have to have more than one adult working to survive. 12. Education will be more important in a jobless society. 13. There will be a backlash against immigrant workers who will be seen as taking American Jobs. 14. A more Xenophobic population will emerge 15. More extreme religious groups will emerge 16. Crime will increase. 17. All aspects of law enforcement will be stretched to the limit. 18. Local Corruption will become more prevalent. 19. The gap between the “haves” and the “have nots” will increase. 20. Governance will become more inward looking 21. Resurgence of self sufficiency as a goal for the country. 22. International Goals like “Reduce Global Warming” will be put on hold. 23. Space exploration and technological advancements will slow. 24. Funding for pure research will disappear. 25. There black market in anything and everything.

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Sandi Anthony June 2, 2009

Unfortunate, folks are not going to go to the grocery store with a bag full of gold, and it seems that precious metals are the only thing holding it's value. Since the dollar is losing it's value fast, we need a new source of barter, exchange, because the foreign currencies are not going to be accepted at the local retailers either. What's next?

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Isabel C Herbelin June 2, 2009

Let's get all this Democrats and present Administration OUT and send them same place else. They all should serve only two terms: one in office and the second one in jail.! ! !

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Downwinder June 2, 2009

Martin, Although new to you publications, I have not seen you comment on the concept of 'Peak Oil". From what I am reading at present the world oil production has most likely peaked and from here on out there will be less oil to be shared with more people (especially china). Growth can only happen if there is an increase in energy supplies. I think this is a very big elephant in the room that no one is talking about. Thanks DW

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Scotty June 2, 2009

FIRST - T H A N K Y O U so much for this venue !!! Read all above comments with great interest. Your messages and and your SAFE MONEY publications have tremendously enlightened those with open minds to see beyond the mainstream media messages. Your message is truly "REAL" - that is, see what is based on the facts you well reference; and then be ready for what's coming based on historic references that clearly shout, "economic decisions have consequences." This I do not think is Negative as some above have expressed. Your advice is well taken to sell stocks now on bear market rallies. This latest 2000 point rally from the early March, 2009 lows is so obviously orchestrated since the fundamentals are all in conflict with an up market. Your advice is well taken to buy only 3 and 6 month Treasury bills and avoid bonds so as not to lock into a lower coupon rate which will lead to declines as prices will go below bond face value. You have prepared us well to protect principal and be ready to receive the eventual higher interest rates that the global investment community will demand on our debt. Yes, I agree debt brought down GM and debt is and will for some time be bringing down America - but will not bring down Americans. In a Democracy even though we have a representative democracy we Americans will restore America. We do NEED TO VOTE and make each one of our voices heard to our Representatives and Senators in Congress. Basic civics lesson: the President proposes but the Congress disposes.

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Mark Barlow June 2, 2009

I expect things to get worse than most predict. Invest in self sufficiency. Stock up on food, at least a 1 year's supply for your household. Include those who will come home to you in your count. Store at least 3 days of water plus have the ability to purify a lot more. Store fuel to heat with and cook with. Generate electricity from solar and wind power and learn to survive on the level you can generate and store. Acquire non-hybrid seeds which are openly pollenated and keep reproducing after their own kind year after year by you planting their seeds year after year. Get good at gardening. Grow fruit trees. These necessities will not be for sale anymore since everyone wants to survive.

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Holly June 2, 2009

I'm glad I'm in complete safety at the moment. I, for the life of me, can't imagine how the markets can be so UP on the day GM goes belly. Can someone, please someone, explain that to me???? Signed, Clearly uneducated investor

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Burt Benson June 2, 2009

If inflation and interest rates rise, will natural resources an energy follow, remain level or fall? Will China, Australia, and Canada continue to grow if we continue to tank? Will the Blue Dog democrats and republicans have a chance to stop the madness?

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c.trotter June 2, 2009

We are a small holding company comprised of various investments and have been in business since 1975. We' ve not seen anything like this. There is no where to turn for income and appreciation.

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darren June 2, 2009

Lets call a spade a spade. What has downed the economy is nothing that has been said by martin nor anyone as no one seems to be aware of mysticism. Mysticism is the only disease of the human mind there fore the economy. Dishonesty has run through the economy like a cancer and reality gives you the experience that that choice begets. for instance it is a fact that there is such thing as a fact which means (f)ormular to (act) In a dishonest world whims and non sequtars are passed of as facts. The running of a business is a full on assessment of the facts and act accordingly but with whims anything goes. Facts regulate whims are renegade, take gm motors all that bail out money is a dishonest move as all that money went to someone its all very corrupt. but what do you expect when the source of money is a central banking system that makes money from nothing and lends it to the government at interest when all governments have the right to issue there own currencies so to me the banking system makes a murdering psychopath look sane. the worlds mad as a hatter. the aborigines say that the socalled civilasied world are in a dream state and not aware we have been born here here!!!!!!! but when the system collapses then you will know youve been born hang on to your hats all you disconnects

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gene rigotti June 2, 2009

hi, martin--we will survive, but america might well be just a teensy bit different than we are used to! or maybe a whole lot different!!!!! i'm just a bit less pessimistic than are you--maybe somewhat more hopefull would be better. we are in deep do do--all capitalistic societies which have the kind of debt that we have are in the do do along with us--many more than us. what will happen to the dollar? god knows. should be buy the canadian dollar etf? australian?? or how about the brazilian real??? maybe even the philippine peso??? where will it end? gene

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William Nabers June 2, 2009

Martin, it seems to me that we are doing the same thing again that got us into this mess to begin with, financing homes with very little down, auto financing from GMAC (Ally) with the government bailing them out with tax payers money so they can finance Chysler and GM autos. The government continues to set up new programs of financing each day. Does anyone in Washington keep up with all these programs to be sure we are getting our monies worth and if any of them are working to straighten out this mess? Now it seems that the government (taxpayers) has gotten itself into a mess begger with owning the largest amount of GM and a part of Chysler, trying to explain to our creditors that this is not a "buy America" deal!

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Revolutionary June 2, 2009

LET THE REVOLUTION BEGIN. Start a new holiday. Beat the crap out of a bankster day. Make THEM afraid to walk the streets. Make them shake in their shoes at the idea that they can make unrelated parties take the fall$$ for their misdeeds.

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Rege June 2, 2009

Is Obama really the President, when he won't even produce his own birth certificate. If he has nothing to hide, then why is it an issue? Produce it and put it to rest, or put him to rest as president!

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Patrick June 2, 2009

The USA faces huge challenges, yet remember we are the innovator of modern capitalism. The strength of our citizenry resides in our resilience and ability to adapt our way out of difficulties. Our nation has always risen to challenges extremely well. Our work ethic is still one of the highest. After having traveled and seen how some other cultures think about work, I believe it is a mistake to bet against America. Our spirit and creativity is unmatched, the world over. China will give the USA a run for its money, to be sure. But I don't know how many other nations will. I am invested about 1/3 in gold and the rest in conventional stocks, some of which are ETFs in Chinese growth companies, others are in green tech.

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Edward Prigge June 2, 2009

I believe that America will survive by the Grace of God. However, the policies of the present Administration and Congress are making it more difficult. How can there be inflation when all of our taxpayer funds and those being generated by the printing presses are being poured into the financial "black holes"? The Full Faith and Credit of the U.S. is being severely tested. Thank for sharing your research.

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Jerry June 2, 2009

I'd say the US (and other nations in sympathy) are setting the conditions for bull run in commodities such as oil and especially the precious metals. We haven't had any interest in gold or silver for a full generation. Most investors today haven't experienced the 60's and 70's rise in inflation. Real estate and tech have run their course. The next bubble will be somewhere no one is expecting right now. Once all this money printing and inflation hits the broad public's mind, my guess it will be a repeat of 40 years ago.

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Justin Lee June 2, 2009

Even with all the record "cash"printed it doesn't come close to the 100 trillion lost in home prices and equities. Since the debt of the US citizen has been collateralized as money(for credit etc) then we have had net loss in money supply, not inflation. Any printed money for Tarp,stimulus etc. Just went into a rathole to recapitalize the banks. How can there be inflation if the money never sees the light of day and is just used to fill potholes in bank books? Our DEBT has inflated, and the value of the dollars we owe in debt have inflated. But the dollar is not making any velocity and when the economy tanks again, there will be a rush to US dollars to delever speculative positions in commodities and other risky equities. If the economy tanks again...

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richard June 2, 2009

Basic logic precludes that going from 16m to 10m a year results in a 40% drop in not only car sales but also the parts that go into them. It looks that when our new order closes thousands of dealerships and when all the parts suppliers tank or downsize we could probably have at least another 100k unemployed. Tie this to the shadow housing market and the upcoming commercial RE market melt down I find it hard to see green shoots. The only green I see is that touted by the banking sector as they jury rig the books to turn toxic assets into paper profits. Get real, the other shoes has not fallen yet and please tell me where those 3 m new jobs are. The green shoots are black in my hood.

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victor scheide June 2, 2009

been reading you for years , the only thing i did right was buy gold and rare coins. I wish I listened about real estate but Im Hung up there and miami is a hard sell. So I still believe in commodities but 75% of my eggs are there Waiting for the parabolic rise. Since joining your million dollar portfolio i'm concerened that your so far moves are very conservative. ETF's can do well but not ten times the money or a couple of hundred times like your dads story. He took chances and if were going to make it big its what we need to do soon. Is that where some of our saved ammo will go at the right time? or will your reco's remain conservative. The bond bubble interests me alot but how will we play this happening to score big. , Thanks ,Victor waiting to play

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GUST DALLAS June 2, 2009

how can the U.S. A. go broke ? they have 8000 + tonnes of GOLD. CONVERT THAT TO MQNEY.

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Don Graham June 2, 2009

I study the BIBLE heavely. It is all there. I don"t think we have seen anything yet.From knee high to a duck . I was always told keep a tight control on the National Debt. You cannot borrow your way out of debt. I knew this was coming 3 and a half years ago. I think it amazes me the american people have not been told the truth yet! Europe 20/20 .com told us that far back. Iran opened there own oil distribution center ,selling oil for euro and yend. We have been living off the backs of the world for 40 years. Europe 20/20 said we will default on our currency mid summer 2009. The only country that has ever compared to this country in the past is BELOVED ISRAEL in her hay day. As this country turns on Israel so will G-d turn on this country. I am a Christian but I LOVE my jewish Brothers and Sisters and I will stand with Israel come Hell or High Water. I think one of the best things that has happened to Israel is the election of Benjamine Netinyahu. The land for peace has never worked and G-d forbids it! If it had not been for the Jews in Israel the musalims would have killed each other off.I love my country U.S.A. I fought for it! But I LOVE the G-d of Israel More. Have a Blessed day!

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PROF G.A.NAYAK June 2, 2009

dear martin, how america has become a land of bankrupt persons and corporates when people like you are living, why don't you sue persons like allen greenpan

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J. dunsmore June 2, 2009

Why is it so many people when you discuss the dangerous financial road we are on say it will get better or I don't want to talk about it? Technically the US govt. is bankrupt today. When will that translate to the man on the street? Are we facing massive private and public unemployment, if so when? With the B&G Printing Co. working 24 hrs how long till the dollar is worth less than a dime? If we are presently in the eye of the hurricane, when do we get part 2 of this storm? How much time do we have to gather hard assets to protect ourselves? How many financial institutions will go out of operation in the next 6 months? Your comments are appreciated. Thanks, John

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Ray Mylar June 2, 2009

Because (I guess) we can have deflation in our future I am 50% cash in an A- bank,and my brokerage account. and because I believe that we will have hypeflation by the 4h qtr. the other half is physical gold and silver eagles. 5% of my cash is not in the bank. Do you think I should do differently? Regards: RAY

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N. Bhattee June 2, 2009

Dear Martin, I am retired and do not borrow any money and like to stay away from debts. I like to live in my means. Regards N. Bhattee

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Jon June 2, 2009

Martin, I've followed your recommendations for several years now and been able to 'weather the storm' thus far. With the U.S. economy continuing to tumble I've found several bright spots in Asia - many involving commodities. Irregardless of what our President and Mr. Bernanke keep telling us, things are going to get a lot worse before they turn the corner and true recovery begins. I also believe that the "green energy" recovery is necessary but no where near the "quick fix" many folks believe it to be. Oil and natural gas will undoubtedly remain the primary sources of energy for many years to come and I'm betting on DXO and UNG as long-term vehicles to get us through the mess we're currently in. Jon

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marla June 2, 2009

I feel we have blind people in office, who are leading the blind. Few of our democratic leaders have had any real job experience, and have never had to start a business from the ground up or make a payroll. I think these inept people have no idea what people want and their careless, and negligent spending of our money is driving us further and further into bankruptcy. But they dont seem to care about the individual person, as long as they have their dirty money from fannie mae and fannie mac and under the table from the lobbyist. I think our leaders are possessed by self gratification, greed and evil and they will have their day in Gods Court sooner or later so they better beware.

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Robert Harper June 2, 2009

Dear D. Weiss, Many of my friends and business associates are losing hope, homes and long time family businesses including attorneys, dentist, car dealers, retailers, etc.,etc. Most of the banks are treating their longtime customers as enemies and loans are impossible to comeby. Many have discussed with me that their financial cushion might last another 6 to 9 months. Truly I have always prided myself in solving my financail problems overthe past 35 years but it appears that all levels of government are working against their citizens and compounding the crisis thereby eliminating my attempt to help myself. It appears that most folks are living in a dream world as to the seriousness of this finanical dilemma. I receive a daily email from a free site called Patriot Post which gives great insite to the beliefs, intelligence and hopes of our forefathers. I truly believe that the level of statesmanship, honesty, intergity, etc. of almost all our present elected leadership from local to federal is noway near the level of our forefathers. This situation is mostly due to apathy and major interference from the media with critism directed towards those who have the qualities mentioned who might would lead this country but refuse to be involved. May God give those of us that care the insight to protect and defend this wonderful country.

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Jorge Padro June 2, 2009

The train wreck to economic depression is right on track. We will survive but not due to government intervention but to American ingenuity and our gift to overcome adversity. Government does not know what it is doing and the people don't really care.

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Joe Pralutsky June 2, 2009

I don't see a recovery anytime soon. I think the banking industry is in serious trouble, and I don't think our children should bear the burden of irresponsible government. My heart goes out to all citizens who have worked hard their entire life only to be left short changed by our so called leaders. GM will recover with time as a much leaner corporation,with new technology and a place in our future.

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susan June 2, 2009

I dont even have to read the entire article to respond. Let me put this statement out there, How are we going to survive if we are in debt to China so much that Hilary Clinton is offering to give them "land" to pay them back what we owe them. "BUT", she can go and give "millions" to Gaza ( "TERRORIST") of our money. Oh! and now the "Sheiks that bailed our big banks out, WOW! Oh! did I forget the president that on April 21, 2009 joined us to the E.U. (now if we are a independent nation, how did obama (and why?) joined us to the European Union for? and all a sudden he is bragging about he being of muslim decent, you need to wake up and see what is really going on here people! I believe you need to read their quran (muslim bible) that they so strictly live by, their "peace" definition is NOT the same as ours, go to www.memritv.org you want to see how they feel about America and they will soon fly their flag over our whitehouse they chant, AND IT IS NOT JUST THE RADICAL TERRORIST YOUR STUPID NEWS MEDIA TELLS YOU, ITS ALL OF THEM!!!!! THEIR QURAN SAYS "ALL" SHALL BOW TO allah AND WE ARE INFIDELS AND SHALL BE KILLED, OUR HEADS CUT OFF AND HANDS AND FEET. READ THE QURAN AND SEE FOR YOURSELVES.... who is ignorant? that should be the question. Our goverment has gotten us in some serious trouble and we the little people out here are gonna suffer and pay for all their mistakes, we are already.. Why has CDC (center disease control) placed 500,000.00 disposable casket liners (that can hold 5 - 6 bodies been delivered to a piece of land in MA huh? if you need the video just go to utube you will find it there. whats really going on here in our country and who is really running OUR COUNTRY??? We see it is ok to do wrong and wrong to do whats right? It needs to be stopped and this country is not what the fore fathers fought for it to become, thats for sure, it is sad and a shame and a disgrace. People need to take a stand and WAKE UP! AND TAKE THIS COUNTRY BACK, it starts in the home, morals, values, the innocense of our children, get the filthy, nasty looking, things out of our stores/TV/radio/billboards/ out from here. Why are we selling sex and horror? look what it has done and filtered into this country, spread like a disease....and then get it out of our schools and go stand at the court house and back one another up on these issues until it gets out of here, this is the only way our country will survive. THE ONLY WAY! no amount of money is saving it, is it? exactly?

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Gr Na June 2, 2009

"Will US survive ?" Yes it will. But our future is probably similar to the track taken by Great Britain after WWII - more of the population wants socialism or a socialist leaning government - so = declining industries due to expensive regulatory compliance, increasing taxes, more government in all areas of life, less personal freedoms ---- a nanny state.

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william dolan June 2, 2009

tim gietner met with the chinese ,he said we would keep the us dollar strong and we where trying to reset our financial system. what he did was to admit the financial system is repeat is in serious trouble and gave no time frame to look forward to.he can not fool the chinese and any one else.good luck,william

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Cynde and Bill Phillips June 2, 2009

Cynde and I believe the dollar is headed to zero value. We also believe that precious metals, copper, nickel and foreign currencies may be options. China is looking forward to buying tons and tons of copper for it exploding 'modernization' plan. We are looking at land out of the city and building a house as fast as possible (partially underground) with food storage before all *&^% breaks lose, using some of our dollars before they lose their value completely. We need a way to generate something of value to just pay the taxes. This government buyout is fascism. They are trying to usurp all water rights, giving huge parcels of our land to the U.N. and next will be the North American Union. Finally - the new currency for this union. Thousands more will be out of work, if not millions. They are undermining the constitution. Next is population control....in any way they can achieve it. You have offered us a way to capitalize on this terrible situation, and we thank God for that - but in the end, they will take everything away. Bill

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Alton Parker June 2, 2009

as long as we allow some people to print FRN that have no backing, I had a banker tell me years ago its only as good as you think it is . thats all its just bookkeeo ing entrys thanks Al Parker

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Roger June 2, 2009

Gold, silver and oil. Survival time is just beginning.

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Paul Nisbet June 2, 2009

Why did GM accumulate its mountain of debt? When it was successful, the government increasingly targeted the industry with many unfunded environmental, safety and labor laws. Here are two of the most agregious. First are the ever tighter cafe standards imposed on the industry that force development of expensive, unattractive vehicles that must be subsidized by the manufacturers to meet government-posed sales levels. Secondly, union pressures--backed heavy-handed federal government--for wages and costly benefit packages raised total costs beyond competitive prices at which Detroit could profitably sell its products. Now our government, to save the industry, is force feeding it giant doses of the same poison.

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DES June 2, 2009

Martin,really sir I don't know which way the economy is going and or whether G.M goes down and never comes back,the lession in their case is their foresight or lack of.Their design people must have noticed over the last two decades what and why people have been buying more japanese/korean vehicles and their market share was dwindling.This actually goes for all american vehicle makers,this has been on the horizon for many years ,it hasn't just happened.You stay in business by making what sells,simple really.It took me two years of looking before I decided to replace my large car and buy an all wheel drive vehicle that didn't handle like an APC, I looked at every domestic maker with no success, I really tried hard not to buy foreign but it came down to german or japanese.If G.M ever does raise it's head again I hope for the peoples sake they bother to take into consideration what the future holds and what others are doing.......Des

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Sandy June 2, 2009

Our economic downfall began when we agreed to free trade agreements, allowing American companies to export product technology and manufacturing know how to less developed countries (China/India), costing Americans thousands of jobs. Unions, who won high wages and benefits for unskilled labor can also accept some of the blame. Greed, government corruption and manipulation, lack of ethics, and the dumbing down of our educational system all contributed. America will survive if we take immediate action at the ballot box; we must return to the values of my parents World War II generation; cash for all purchases except for auto and homes. Less is more. Prayer and a return to our founding father's beliefs are also very important.

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mc June 2, 2009

I believe that the end game is for the US to be folded into a World Government, Economic authority and military, and the currency will be debased by at least 100 fold if not more. This will occur within the next 2 years or prehaps over the next 10 years. The US will exist in a sense, but not the US we all know and loved for years. There is no totally safe anything. It might be smart to hedge with commodities and gold, buy a farm and become as self sufficient as possible, join with other like minded individuals and create your own informal government by and for the people. Resist fiercely all and any attempts at a World Government and Economic Authority. It will be the biggest mistake possible for eternity.

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Kurt Merkel June 2, 2009

The ups and downs of the markets only result in the gain and loss of money. Money can be made or lost rather easily. What is really at stake is the loss of free enterprise. The government now takes from the people and spends on whatever it wants without voter approval and their is no ending in sight. Thomas Jefferson said that "a people in fear of their government live in tyranny, and a government that lives in fear of the people lives in liberty." Michelle Obama may say for the first time in her life she is proud to be an American and feels hope. I, for the first time in my life, am not proud of the mess that the government has put America into and I believe we are now beginning an era of tyranny.

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al desrosiers June 2, 2009

Dr. Weiss: I value your comments about the economy, but the market is currently on a bull run. We don't know how long this will continue, but its been advantageous to play the long side, with, of course, some caution. Do you use any technical analysis in forming your outlook? Thanks, Al

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Donna June 2, 2009

Hi Martin, My husband and I are planning to sell our home and move closer to family. We live in Calif. Do you recommend we buy or rent? Home prices seem to be leveling off with fewer homes for sale. I am investing with your contrarian portfolio and since finding your service, I have very few sleepless nights anymore. Thanks, Donna

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jeff Gehr June 2, 2009

Martin, All of this is unchartered ground for most of us and the building fear as to truly what to do with any money that we do have is getting to be an overwhelming fear. Personally I cannot believe how so many companies and institutions have, I guess, run their businesses so poorly. What ever happened to the "basics" of income vs expenses? What happened with your / our petition that you were taking to Washington? Did you get an audience with anyone with any kind of political influence? Please let us know that status! On the personal side, I know your company has investment opps which are great. For me and many others I am sure that committing funds that are required in those programs is as scary as the current crisis... so what should / could we be doing with any of the monies we do have? I don't even feel good with my current banking relationship in paying my bills. I am fearful that ANY bank could be in the news at the drop of a hat so where do we turn for the basics of everyday life with our finances? Do we keep all in cash, not even invested in short-term treasuries etc and keep the cash "under the mattress"? As my father used to say... "its pretty hard to remember that your objective was to clean the swamp when the alligators are biting at your ***! Thank you for any good basic help and here's to some more optimism returning to it all!

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Benny the Cat June 2, 2009

OK, Fritz was on TV this morning in his pink tie explaining why GM has declared Chapter 11 . He should be required to wear an obnoxious, polka dot bow tie like the rest of the Bozo's who have managed this company into the ground over the last 40 years. Is anyone surprised that it took this long for them to fail? How did the one-time largest corporation in the world get to this point? Let's roll back the calendar to 1971 to Motor Trend's Car of the Year - the Chevy Vega! People wanted a small, economical, and dependable car and thought they could buy it from one of the Big 3. It would take an entire page to outline all the problems that GM designed into the Vega, but let's look at one of the obvious ones - the engine. The engines had aluminum cylinder blocks and cast-iron heads. These engines suffered from a lack of durability. The cylinders scored, the heads warped, the valves burned, the valve seats cracked, the engines overheated, and they had major vibration issues. The same year, Toyota gave us an improved Corolla and Datsun delivered a 1200 Sedan that got 40+ mpg. GM grounded the aluminum engine block to the Vega's frame. This caused body rust via "galvanic corrosion" an electrochemical process where one metal corrodes when it comes into electrical contact with a different type. This gained the Vega another title besides Car of the Year. It became the "car that started rusting while still on the showroom floor!" After the Vega success in the early 1970's, GM built on their "never listen to the customer" mentality of product design. Over the next 40 years, GM delivered a never-ending string of funny-looking, poor-quality cars and trucks to the American consumer. . . "X"- cars, the Chevette, the Cadillac Cimarron and then the Catera, the Lumina, and more. And who can forget GM's response to the "sport recreational vehicle" crowd...the Pontiac Aztek? Did they think that by spelling it funny people would be distracted from poor quality and goofy design? It looked like a deformed doorstop on wheels that came with an optional "conversion tent" that hung off the back so you could camp out wherever it broke down. And who could forget the "Transformer" truck...the Chevy Avalanche . . . half-rubber, half-metal, all ugly. And when Toyota was starting to crank out the Prius and define the eco-friendly vehicle of the future, what did GM respond with? That's right, Hummers! The perfect vehicle for anti-socialists and soccer moms who don't want to get stuck over a parking stone at the Mall. GM's environmental callousness knows no equal in the auto world. They have carried it forth proudly right through to today with the availability of a GMC Yukon Denali Hybrid! Under the appearance of being "eco-friendly" GM is attempting to "greenwash" the American public into thinking that if you put a shiny "hybrid" sticker on the back, it's OK to drive a gas-sucking, over-priced, socially irresponsible hog of a vehicle. So where is GM doing well? . . . in China! While American taxpayers are bailing out this dinosaur of a company, GM will be expanding operations in China. In fact, don't be surprised when GM builds small cars and trucks in China and imports them back to the USA. Do you think that any of the profits that GM makes in China will be used to pay back the American taxpayer? Don't hold your breath.

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paul June 2, 2009

Visiting Walmart today all we saw was spanish speaking minorities and other welfare recipients . Add these people and others receiving government assistance or income of one form or another and what do you have left ? There is no question that this country is in a world of hurt and only a question of time before this country collapse's ! In 1959 when I started my business I told my wife how wonderful it would be to some day retire and make $100 a week ! Do I need to say more ? prayers to all working people . Paul

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Christian Anderson June 2, 2009

We have naively allowed a class of politicians and banking elites to rule us into the global abyss of once great nations. We have traded eternal values and principles for the pragmatism of those who rule us. We must forge an intellectual revolution and take back this nation and pledge our fortunes to accomplish it. We will have to build great prisons and spend many a bullet to take down these traitors to the constitution.

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George Leventen June 2, 2009

If you and I (and numerous others) recognize the impending economic disaster coming if our government stays on its present course, how come the so-called "best and the brightest" (including Obama) don't seem to recognize that the light at the end of the tunnel is an oncoming train? How can we stop the insanity and encourage a change in course?

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Bruce Johnston June 2, 2009

I am almost 89 years old. I have been following you an your advice for many years. Even met your father at a seminar you gave at Ft. lauderdale some years ago. His and you advice seemed solid. So, our small savings account is in your hands for management and so far has worked out, keeping it. It sure has not grown like we would have liked but we have not lost it, either. I am also a reader of Robert Prechter who, as you know, believes in cycles. I do not believe I will liive long enough to see the end of the "Greater Depression" but have tried to instill in my family your philsopny but peer pressure prevails, I guess. Thanks for your help and adice. BFJ

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Steve June 2, 2009

Martin, Everyone has an opinion including me! My hopes are that our country make good decsions moving forward. If we rely on our short term history we're in trouble. What I need to do is protect my family which includes protecting the capital I still have. I read most articles from Money and Markets which I find extremely stimulating. My recent investment strategy include precious metals, basic materials, energy and foreign markets; all currenlty producing positive growth. I plan to stay this path paying close attention to changes in the market. I have considered Inverse ETF, but not yet at this time. I will be listening June 3rd "Weiss Management" Webcast which I hope will give my a better understanding of things to come. The one and most important strategy that has benefited my most is to make sure I maintain a strong cash position relative to my portfolio. Thank you!

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J. Greene June 2, 2009

I am very worried for my family and my country. I don't believe in paper, I'm turning to gold and silver.

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Dr. Douglas Schell, Retired Business Professor June 2, 2009

I want to comment of my more dramatic prediction that our economy will totally collapse by NLT late 2010 resulting in riots and eventual anarchy. When this happens, IMO, Obama will declare a national emergency thus "temporarly" suspending the Constitution and resulting in martial law. I 100% appreciate your investment philosophy. I have too questions: 1. Is getting a Reverse Mortgage on my home an alternative I should seriously look at? The objective would be to have a fall back place to borrow money only IF needed but really to hopefully never draw against the allowable equity? Or would it make more sense simply to take out a line of credit on my home as a "fall back position." The major difference I see is that with the former, if I draw against my equity, I don't have any monhtly requirement to pay on the loan but wait to pay when home is sold. 2. IMO, we who love our Constitutional Republic and a true free market system have no chance of winning either of these through the normal political process. I will share with you how I arrived at this conclusion during 2008. It seems to me that our only hope is to form Local Homeland Secuirty Units in every USA County, working directly under or with Sheriffs. The long term mission would be to retosre our Constitutional Republic, with short term goals of letting the PTB in DC KNOW that We the People are ready to resist them in a meaningful way if they attempt to (1) confiscate our ammunition/guns and attempt to take we "radical" free market/Constitutionalists into "protective custody because we are potential terrorists" and plasce us in one of the numerous, well documented FEMA Reeducation/Retention Centers. IMO, unless there are 3-4 million folks ready to use force if necessary to keep our liberties, it makes little difference how effective your investment stratgies are. In fact, I could make a strong case that you are UNPATRIOTIC given your recommendations to buy foreign bonds, no American Treasuries/Long Term Bonds, get out of dollar denominated investments, and even buy gold/silver and other metals. IMO, you and your great collegues will be in great danger of being on the top list of those neededing "reeducation." Your thoughts on this? Doug 2.

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Nan June 2, 2009

Will America survive? Yes, but not without a lot of suffering and eventual efforts at honest restructuring ... by HONEST individuals! How do YOU feel rising interest rates and record-shattering money-printing will impact your income and investments in the weeks ahead? We’re fine. We won’t be affected too much, except for the rising cost of things. Some of our neighbors are being extremely affected, though. Loss of jobs, trying to sell their homes purchased near the $600,000 mark in the last couple of years for at least the money they have in them ... an impossibility! We are being affected personally by the loss of extraordinary neighbors. As for us, we still owe a little on our home ... but were able to close on a refinance at 4.5% interest last week. Amazing! My husband has a secure job with the county ... their budget has recently been passed for the year ahead. We have no idea what next year will bring, but in the next weeks ahead, as well as the next many months ahead, we will be fine. He is also receiving a fine retirement from the federal government ... (Since they have lots and lots of paper, we shouldn't have to worry ... right?!) ... and I convinced him to liquidate as much as possible and put it in an A+-rated credit union. He refuses to “lower” his expectations enough to turn everything into cash. His father, however (at 92), is still playing the stock market, ignoring the advice of his broker (and me!) and continues to loose massive amounts each day. We have also “stocked up” our shelves ... so when this anticipated sequel to the Great Depression hits, we should still be able to take care of ourselves, needing to buy very little. Which investments do you expect to spin off substantial profits next? Select U.S. stocks? Foreign stocks? Currencies? Precious metals? You definitely don’t want to hear from me on this one!

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sam June 2, 2009

Physical silver is the way to go.

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Jeremy June 2, 2009

Im heavily into gold/silver: both physical and paper. I believe like Jim Rodgers/Marc Farber, that a currency event is going to occur in the US and many other 1st world countries in the coming decade. Hyperinflation is NOT a demand-pulled event, it is a LOSS of confidence in a fiat (gov't decreed) currency. Im siding on 5000+ years of history. Im a novice when it comes to options, shorting and such and want more of a safe haven than max investment returns. Silver has gone up almost 25% in one month, but there is more volitility in silver (poor man's gold) than gold. However historical means are usually 15 oz of Ag to 1 oz of Au. I think the other investments can be great hedges, but you have to know what you are doing extremely well.

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Barbara Johnson June 2, 2009

Geesh, with all the bailouts, the Fed's printing out all that worthless money day and night, American companies closing up shop, all the unemployment, etc.... why would anyone think that they would be investing in anything American? Are there really that many American companies left here, and what's left is owned by the Government? It seems that only the foreign companies in America are immune to failure?

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Wayne Dais June 2, 2009

The dollar is already worth less than a dime. What used to cost $1.00 in 1913 when the Federal Reserve was created now costs $21.57. And it's only going to get worse.

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Clarence Mershon June 2, 2009

Solution? Investments in precious metals, Swiss Francs (FXF) and the Canadian dollar (FXC).

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Stephen Keith June 2, 2009

Will America survive? The answer depends on the time frame under consideration. Just like the long-term growth rate of all organisms necessarily has to be zero, so too is the long-term survival prospects of all empires nil. The real question is how long will America survive? Warnings signs of imminent demise abound: Ex-immigration, a declining population; skewed priorities--from dogs as people, to sports stars as heros; belief that something can be had for nothing; ignoring the rising powers across the globe; mountains of debt simply because we wanted bright shiny new things even as we needed nothing; an obesity epidemic reflecting the inability to suffer even the whisper of a hunger pang; the idea that a post-racial culture and economic "animal spirits" are not incompatible; a populace that refuses to serve in its defense, depending upon what amounts to a mercenary military. There are many more. I see them everyday. The sad truth is that America is pushing the accelerator of her demise to the floor by refusing to acknowledge the dangers that two fat decades at the pinnacle of power have wrought. We have willingly traded freedom and responsibility for an illusion of security provided by a nanny Federal government and a money-printing Federal Reserve. America might have survived a thousand years had she not so quickly grown so fat, lazy and stupid. I'd give her half a century, tops, in her present configuration.

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ROBERT COLEMAN June 2, 2009

WE HAVE GIVEN TO MUCH MONEY TO BANKS WITHOUT ANY REGULATION. GM, CHRSLER,AND FORD HAS BEEN THE LIFE BLOOD OF THE USA.

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martin j. hens June 2, 2009

It is not a surprise to me that GM imploded. The philosophy of corporate America since the early 80's has been ( I call it the "accountants revolution" to operate on a qtr by qtr basis. American CEO's stopped the manufacturing process, maximized profits by all means of accounting processes, both illegal and legal. They had nothing left for a "rainy day", everything that could be pushed to the profit side of the ledger was. I kept saying, " but the king has no clothes on", I was fired, ridiculed, and told, "you have no business sense, or that is not how it works." They broke a fundamental rule of business, "nothing is going to happen, until someone sells and someone buys." They have destroyed " customer service ", because you have to "watch your labor" to be profitable. I am not sure what math formula they used to come up with this philosophy, but you cannot go 1000 miles on 1 gallon of gas ! Sorry about that rant, I have a lot more bottled up, it never needed to come to all this. When fund managers started dictating to corporate America, corporate managers gave up the control of their companies, for what were, "bribes." They destroyed the economy, putting millions of people out of work, and trampling their dreams into dust ! The government was complicit in all this, by taking off the brakes so the car would run a little faster. I'll stop here. Thanks for indulging me, Martin J. Hens

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thomas parker June 2, 2009

i suspect the g.m. bankruptcy is similar to the fall of saigon in 1975. it portends structural changes in the economy and society that are more than a secular bear market. it is similar to the problems in health care. everyone needs a car and a doctor, resources are lost in finding them and much life is wasted. can we afford these loses? t. parker,m.d.

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Dan, Frederick County Maryland June 2, 2009

I am a retired individual. most of my retirement money is in the government FERS AND TSP accounts. I have asked a couple times your opinion of these accounts. Ido not know how safe and profitable they are there.

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John June 2, 2009

In reference to the debt that the Obama administration is building I believe it is absolutely an act of financial suicide. Government money is one-sided in that it does not come from a demand for goods from a profit based source that can generate jobs and product. Government money comes from taxes and taxes do not generate jobs or a product that can be sold at a profit to generate and support jobs, pension and health plans, and capital for company growth. It's really that simple. The thought that taxes can be used as a "stimulus" is simple minded, foolish, and very, very dangerous. Perhaps the goal of the administration is a covert attempt to bankrupt the nation so that taxes can be levied at extremely high rates giving the government complete control. This is certainly where all of this financial foolishness is headed so is it by incompetence or design? Either way there is only a very short time left to stop this runaway financial mess before it cannot be turned around. Hopefully the American public will recognize the dire consequences of this administrations actions and truncate its power base in the upcoming senatorial races.

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joseph albert June 2, 2009

Hey martin thnak you for all your insight...I was just wondering I have found an exploration compnay with a tremendous value in teh ground(duluth metals)How do you think this crisis will affect such companies as they will probably need credit to further the company into production stage or would they be better off as a takeover target?Also I am in a closed end fund paying almost 20% dividend what are your thoughts on that as well?thnak you in advance and best to you and your staff

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Carolyn June 2, 2009

My biggest concern is that I don't want to lose anymore of my hard earned money. Do I bite the bullet and take my money out of my IRA now and bury it in my backyard? or do I roll it over into a gold IRA? Silver? Coins? Copper? What do we do to keep what we have left? By guns and bullets and barter with them? Help!! I've heard that even gold will be worthless, is this true?

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Martin June 2, 2009

I'm looking at all this mess from Europe. My brief question is: What is your personal opinion for the future of the EURO. Will the European currency suffer as well from inflation peril? Or will it be the economical loser from a moldering Dollar? Will the end of the Dollar be the start of a new "world currency"? And - what if - there is only one global currency? I know - the answer may fill books......

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D Jennings June 2, 2009

I am trying to do my part to "wake up" America to our 80 plus years of socialism. Some people are listening. But now I am asked the question "What can I do to take my country back"? How can I stop the politicians (Democrats and Republicans) from destroying our country with their spending programs? There are many apathetic voters because it seems that activist groups and lobby groups are running the show. Working people like my wife and I have their paychecks taxed and pay sneaky fees placed on phone, cable and other bills - all in the name of "This is good for America and good for the People". Please give me some insight on what to do to stop the gov't spending programs and force the gov't to live within its means.

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Nick Zavitsanos June 2, 2009

Oh,Martin. Stock markets sometime has nothing to do with what the economy is doing. Your analysis is good for the long term,not for the sort one. It's a trial and error procces. Traders want sort term prophecies. Yours, Nick

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D Denise Maraist June 2, 2009

I believe that the US government is headed for complete collapse. The government's spending spree will lead to devaluation of the dollar. This in turned can lead to starvation, rationing, crime sprees. Is it to late to turn this around? The president is talking about socializing healthcare. We cannot afford this! He is talking about raising taxes! Isn't that the worse thing you can do during a recession/depression?? During the Great Depression people lived on farms. They knew how to feed themselves off the land. This generation does not know how to do without a grocery stores.

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cristy June 2, 2009

rate for 10 year treasury is up, GM went bankrupt. Why market rally? Is it to lure people in?

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Jeff June 2, 2009

I find it incredible that the market has baked into it the GM bankruptcy. Or has it? The market has not fully felt the impact of the unemployment that will result with the bankruptcy not to mention the negative impact on GM retirees with their pensions and healthcare resulting in considerably less disposable income for those people.

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Gretson Winters June 2, 2009

Weiss Research, We won't survive. We will be carved into sectors and factions that will own every part of us---even the air will be difficult to breathe and perhaps metered.

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Jim Stivers June 2, 2009

I have been saying for a couple of years that this country is like a loaded freight train that is headed at a marble mountain, and the people at the controls will argue over who has the right to pull the brakes until the collision happens. When I look at the condition of this country as a whole, I suspect we're very close to a collision.

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Al McInal June 2, 2009

Will we survive? Its hard to tell. If our leaders keep spending at the same rates then no. But I would assume they will wake up soon as Martin has predicted. In the mean time I expect they will continue to spend willy nilly under current economic leadership but as soon as the stock market crashes it will be obvious that the current economic leadership (thinkers and leaders) simply have misinterpreted what the Fed and government can do or its power to effect a change. I don't have the slightest doubt that they are just starting to realize this now even with the stock market rising. But certainly when it falls they will realize it with a very heavy certainty as all of society will come to realization that the something wrong everyone feels is truly that something is wrong. There was and is too much debt! Period! More debt won't solve the problem. I find it amazing that these students of history and politics and law (our political and economic leaders) don't realize the lessons so plainly and simply exhibited. My Dad taught me all these lessons and he was no genius. Just a hard working guy that got through the depression. Now our top economists/Fed governors don't even understand the concept of too much debt. Isn't it amazing the government didn't accomplish the one thing it should be good at i.e. controlling rampant business. I'm inclined to think there is simply no way to set up a government which would control excessive debt and excessive debt causing activities. Our survival depends upon when our leaders recognize the problem. I think that will be after an unbelievably fast collapse of the stock market ( or better termed debt markets). Only then will leaders acknowledge what has happened. Although Obama appears to be a very intelligent and honest man he obviously doesn't see the light at this point. I think different financial vehicles will contain profits at different moments ahead. I suspect it will be extremely difficult to tell which ones will provide profits at which point.

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robert parkhill June 2, 2009

I've calls on TBT-Long on GLD- Sept calls on DIA. I need more timing insight on the new currency. What timing signs should we be lookiing for?

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Don Murray June 2, 2009

My Greatgrandfather had no education, no plumming, no car. My Grandfather had no education, an outhouse, and a T model Ford, but no TV. My Father had everything but education and a computer, but he made sure his two sons did. My sons became a computer expert and a Neurosurgeon. My point is, we are getting better because of our children. Out there, somewhere, are young people who will get through this and come out even better and have things that we have never heard of today. That is what I see!!!!

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Don Fisk June 2, 2009

I believe that you have hit the nose on the head. Awhile back you recommended putting cash into Treasury bills, which I have started doing--I hope that I heard you right, since t-bonds seem to be in no-wheres-ville--Don

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LARRY J June 2, 2009

In answer to the question....What am I doing to prepare for the upcoming inflation scenario? Bought a house with room for extended family to stay in an emergency. stocked up on foodstuffs good for five years generator on site getting rid of debt buying gold/silver getting my health care taken care of trade my yukon for a hybrid

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Joseph 'Donnell June 2, 2009

Good day Martin; Ok try this on for size....the US $ gets devalued, high end manufacturing returns to the US, the US exports become more competative and the US exports their way out of this mess. Joseph

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Mike L. June 2, 2009

Our problems started when our forefathers didn't hold the government responsible as all three branches ignored the Constitution. We citizens can read the plain English guarantees in the Constitution. We need to express outrage when a few people in a black robe interpret it in a way that is 180 degrees from what was intended. Our only hope for the future is that we throw out all government officials who violate their oath to uphold the Constitution and replace them with people who do. By the way, our representatives should not be allowed to profit by going to congress on our behalf. If they are not successful enough to pay their own expenses, then let someone who is personally responsible represent us. Do yourself all a BIG favor and read "The 5000 Year Leap"!!!!!

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cihat cicek June 2, 2009

Hi, If Japan and Germany made it after WWII, I am sure US can get up and run again, with its best asset educated, research oriented and entrepreneur minded people. Important thing is to look where you made a mistake and not to repeat it. The question really is how deep US economy will fall before realizing that old ways don't work anymore. US created a global new economy, geometrically growing based on consumption increase. The big problem today is the more waste we produce, is better we are financially as a whole. Environmental impact became a real problem..I for example imported 30Cent USD toys from Europe, Europeans received them all the way from China, then they came to Turkey, Than I distributed them, a kids parent bought it from a vending machine and children played with it for a few minutes and down it goes to waste... OK we all made money and wealth on it but at the cost of polluting our world only...The more we succeed, the more we all pollute. Similarly electric cars were around for decades but which government will accept to live without the tax they receive from gas sales.? In Turkey 1/3 of all tax collected is from cars and gas related sales. I am personally very happy this current global crisis happened as we gave the world a pollution brake for a few months, maybe years.. My point is even if this economic system recovers, it is not sustainable at the cost of our biggest and only real physical investment ....A breathable WORLD. I also want to share an excellent joke about debt driven economy with you: A rich Russian arrives to a Town Hotel. Wants to check and see the rooms first..leaves a 100USD at the desk and goes upstairs... The hotel owner quickly picks the 100 USD and pays the butcher what he owes...Butcher pays the grocer, grocer pays money he owes to hooker, and hooker takes the 100 USD bill and pays the hotel manager what she owes for a room... Russian comes down and says he will not stay at the hotel and gets his 100 USD back and leaves the town... But everyone is happy as they all paid their debts... Does this town sound familiar??

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Robin Williams June 2, 2009

Not sure how "big picture" you entertain. What possible goal could our government (liberals) have to bankrupt this country? Could it simply be for power? While this goal seems very narcissistic, what would the far reaching consequences be?

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Doug Bryant June 2, 2009

Hello Martin: I listen to a LOT of US radio, and see a lot of US news. I feel so helpless, because I want to help. Your Money and Markets, are the first I read each day; I have tremendous respect for you and your firm. I no longer have funds in any markets, but now only in term Dreposits with Credit Unions. It's as if I'm watching an ongoing afternoon "Soap Opera". My common sense has always seen me through, and my opinion is a dire dilema ahead.

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L Corvalan June 2, 2009

It is difficult not to understand the cheer leader position of the government not wanting to accept that the Team USA is in trouble. So they continue to cheer ahead in what seams an incredible delusion. In my view it appears that it would have been much better to recognize and accept the dire conditions and then come with a plan to help alleviate the pain of unemployed citizens and embark in an infrastructure creation (which is an investment that in the long run will produce economic benefits), increased funding for renewable energy, education and health also productive investments. But the craziness of bailing out big banks and big companies does not seem to allow the system to cleanse itself and bring out new life. On the investment side, I agree with Clauss that the economic fundamentals do not warrant the market behavior so, I, do not understand why take a loss now when in the very near future the system will have to correct itself. Please explain? What is Mr. Geithner doing in China to maintain the value of the dollar? What is China's new role as an economic giant? I dislike investing in Gold since it does not produce anything and does not help anybody but what else is there? Perhaps unemployed folks will start their own businesses and perhaps local economies will begin to thrive - what is your thinking regarding new investment possibilities when you think out of the box? How many of the large companies will actually survive in their current form?

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Abel Ornelas June 2, 2009

I thank for opportunity to make a comment.... the fact is this counrty is lost and is already bankrupt..... We have very limit options as a people and a country, and very little time to turn things around...which saddens me deeply for all my countrymen.

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JHL707 June 2, 2009

"He who controls the money, controls everything and everyone else!" I will not put the blame on just one person, the president, if congress didn't accept the policies they wouldn't be voted in by them! The bottom line is that the money masters are the ones that have been pulling the strings all along while this complacent society sits in the pan while the heat is being raised a little bit at a time and no one seems to be feeling anything! The constitution was written to keep tyrants and traitors from taking over, but unfortunately those are the ones that are running this country that have made it just another piece of paper! They have trampled the constitution and sold themselves and the American people to the elite, for a piece of the pie....money! God is the only one that can save this country, but he needs people of action like the founding fathers that were willing to die to live in a free society not persuaded or influenced by the power hungry, greedy tyrants in England!

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Craig Oswalt June 2, 2009

Dr. Weiss, I was thrilled to see you on the Glenn Beck show last night! Glenn and his audience need to read your new book. I think they would better understand the "craziness", as Glenn puts it. I hope they give you more air time having you back in the near future. I will email Glenn next! Keep up the good work! You were great! I personally am investing in ETF's. Your book has been a great help to me. Thank You!

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ARTHUR HILL June 2, 2009

I AM GLAD TO TELL YOU WHAT I THINK. GENERAL MOTORS WENT THE ONLY WAY IT COULD GO AFTER GIVING INTO THE RELENTELSS DEMANDS OF LABOR FOR WAGES THAT WERE TO HIGH FOR THE BLUE COLLAR WORKER-NOT COLLEGE GRADUATES-- FOR HIGHER AND HIGHER WAGES, RETIREMENT BENIFITS, VACATION LEAVE, SICK LEAVE-PAID - AND MEDICAL BENIFITS FOR THEIR WHOLE FAMILES AND PROPABLY SOME MORE THINGS TOO.. IN 1954 I GRADUATED FROM A PRFESSIONAL SCHOOL WITH A PROFESSIONAL LICENSE FROM A TOP UNIVERSITY AND WAS ABEL TO OBTAIN A JOB THAT AMOUNTED TO $2.25 AN HOUR AND A 54 HOUR WEEK WITH ONLY A 2 WEEK VACATION OFFERED . AT THAT TIME THE UNITED AUTO WORKERS HAD JUST SIGNED A CONTRACT FOR $18.75 PER HOUR PLUSS ALL THE OTHER FREEBIES. TODAY THE UNITED AUTO WORKERS DRAW FROM $45.00 TO $60.00 PER HOUR PLUSS ALL THE REST. I AM TELLING YOU THAT I RETIRED 90 % AT AGE 59 AND 100 % AT AGE 65. MY POINT IS THAT I WORKED LONG AND HARD FOR WHAT I EARNED AND DID NOT SIT ON MY RUMP LETTING SOME BIG TOUGH LABOR MAN TELLING ME WHAT AND WHEN TO DO AND HOW MUCH I HAD TO PAY HIM FOR TELLING ME WHAT TO DO.TO RETURN THE U A W THEIR FAVOR I BEGAN TO DRIVE A MERCEDES SOME YEARS AGO. GENERAL MOTORS AND CHRYSLER WERE BROKEN BECAUSE OF THE U A W AND THEIR LONG HAND IN OUR POCKETS. I WOULD LIKE TO HAVE THE UAW PRESIDENT--A MR, GITTENFINGER SERVE AS A DRICETOR OF G M AND SEE HOW HE WOULD HANDLE THE SITUATION. THE UNION THUGS SHOULD BE ABEL TO SEE ALL THE AUTOMOBILES AND ANY AND EVERYTHING COMING IN OUR COUNTRY EITHER MADE 100 % OFF SHORE OF ASSEMBLED THEIR. NOW WE HAVE A PRESIDENT BEING TOLD WHAT TO DO BY UNION BOSSES AND THEIR MEMBERS WITH THHEIR VOTES. WE ARE IN A HELL OF A SHAPE/ESS. ARTHUR HILL---TEXAS---

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Rhonda Miller June 2, 2009

I'm very concerned as a Senior Citizen that there will be no Social Security or Medicare for any of us that are on these two programs now. I am disabled, have a handicapped daughter, and my husband is retired. We can we expect in the coming weeks, months, and years. We are concerned that we and everyone else that are in the same boat as we are in will be in the soup line within the next year. We do have a little 401K but it is in an annunity and can't be taken out for 1 1/2 yrs. but we feel with all these years of paying for Social Security and all the other things we paid for that we would be taken care of the rest of our life. We want to know when Medicare and Social Security will be reviewed and fixed like everything else needs to be done. The people in the USA have gone to Hell in a Handbasket. Obama and his cohorts including some Republicans are nothing but (Left Wing Radical Muslim Communist). Obama is trying to take the US to the bottom of the barrel and will not stop until it is done unless we as Americans stand up to him and his evil scoundrels. More TEA PARTIES and more standing up to the Governors and Senators of our state and at the White House.

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Jeff D. June 2, 2009

Over the past several years I have worked hard to increase my business but have taken on debt to do so. I now see that I need to significantly reduce that debt. I need your help on whether I should use my profits to pay off debt or invest...your input would be greatly appreciated. I honestly have no idea where this economy is headed but I do know that Larry Burkette of Crown Financial Ministries predicted this downfall calling America a house of cards. thanks,

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Scott June 2, 2009

Martin- 1. Will America survive? Yes, but not as we have known it. 2. Rising interest rates and money-printing will negatively impact my income when people get so scared they stop spending on all but food, clothing & shelter. I'm almost all in gold/silver & short t-bills so that has best chance of weathering the coming storm. 3. Investments I expect to spin off profits next are gold & silver, metals stocks and companies with strong balance sheets that own assets you can touch in inflationary times, including oil & gas stocks. I am keeping it simple, living cheaply,and preparing for hard times. We have gone soft as a nation to the point of following a demagogue over the cliff...

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Peter June 2, 2009

I sincerely hope that I'm wrong, but...I think that at some point, China, who is keeping our economy alive, by continually "loaning" us money will get fed up. It will either call the loan which would bankrupt the country immediately, or it will just stop loaning money. Both scenarios pretty much end up the same way. They could very well end up owning much of America. Other countries who have been "loaning" (giving) us money may also call the loans and end up owning parts of the country, too. Unless Obama finds a REAL way to jump start the economy (as in enabling the "little guy" and not trying to control everything), our future doesn't look very promising. The ONLY way I can see to get the economy going is to get people jobs so that they will spend money. Most of us need to hoard the little we have now.

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Lauren June 2, 2009

I am 87 yrs old so do not worry about future investments. I have counseled my two boys though to buy gold/silver and emerging nations stocks. I also like microsoft long! Study and observation of current events will help investors of future! I admire your research and if younger would subscribe. L.Averill

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Bryan June 2, 2009

Hi Martin, I have a question regarding your portfolio. Is there a minimum dollar figure that needs to be invested to make up for the transaction fees. I am concerned that a small amount may be consumed by transaction fees. Thank you,

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carlton June 2, 2009

should i keep my currency in U.S dollars or convert to other currencies say the canadian dollar

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marilyn beidler June 2, 2009

I am wondering if I can buy some investment products on-line without having a stock broker or person to handle the accounts. I have never invested before. I had a home which I will sell soon. I borrowed a lot to help a disabled child and can't live in the home any longer, and now the price has fallen. I don't have the money to invest much, in fact, am having a touch time. When I sell the home I may wish to invest in some products. How can I this on-line and how can I start learning about how to understand if I am ahead or losing. I need to learn a lot, but realize that this is very important. Marilyn

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"ClemJ" June 2, 2009

Martin, I was born in 1934, the son of a US Army Air Corp three striper, who enlisted in 1928, when he didn't know where breakfast was coming from that morning. He retired 30 years later as a colonel with a Command Pilot rating, after which he worked as a stockbroker long enough to put together a solidly profitable portfolio of municipal bonds. Those years were America at its best. I grieve for America's future. I am a committed Christian believer and Bible student. I have witnessed the prophetic return of the Jewish people to their homeland, and have spent some time there. I recently finished my third reading of the Bible, concentrating on the prophecies now being fulfilled in Israel. The enemies of Israel in the prophsied battle of Armageddon are easily identifiable by anyone familiar with the history of Israel. The U.S. was a major benefactor of Israel from 1948 to very recent times. Obama and Clinton are rapidly erasing that relationship. I have searched diligently for any mention of the U.S. in their future, and found none. And now Pravda, with accuracy, is ridiculing us for our rapid left turn into socialism. For the last eight months my investments have consisted entirely in precious metals, rare coins and mining stocks.

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Fred Edwards June 2, 2009

As Pravda said"the American descent into Marxism is happening at breath taking speed". But the American public doesn't seem to care. They'll only wake up when the economy goes down the drain and no longer functions. Then Paulson's comment about martial law will seem as prescient as Martin's analyses. But it'll be kinda late. I'm a little guy with half my money in T-bills (uh-oh?) and perhaps 15% in gold coins and gold ETFs. I think the liberal indoctrination in our schools has done the intended job. A poorly educated citizenry is controllable.

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john lapienski June 2, 2009

4 oz. of gold for a 100k portfolio ain't nothing. should be at least 10. today GM, tomorrow, America. goodbye U.S.A.

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Mike Hendricks June 2, 2009

Martin, I am surprised that you keep pounding the same old drum. As long as we have an administration and congress bent on spending and taxing we will move ever closer to becoming a third world nation. You supported the man and his party. Did you not do your homework, or were you one that also drank the Kool-aid?

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alfred stalker June 2, 2009

I just read Nick Guarino's multi-page article which states that gold is about to crash to $300.00 by 2010. He states that housing, autos, and many other consumer items are cheap and getting cheaper as the current depression deepens. Also, there is little chance for inflation in this environment. Do you agree/disagree? Thank you.

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Walter W. Cox June 2, 2009

You have asked if America will survive, and I believe the answer is the word that is too scary to utter..."no." You have been advising the purchase of short-term Treasury bills, assuming that because the nation never defaulted during the Civil War, it won't default during the coming crisis. I think that is a mistaken notion.

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James Moore June 2, 2009

I'm heavy on precious metals looking for high inflation which will be provided by our president and his gang of fools. As subscriber to Safe Money all I can say is I wish everyone did. Thanks

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joseph coker June 2, 2009

America has been the most prosperous and powerful nation in the world because of our Constitution and the freedom it provides. It defies reason to think that increased government intervention, higher taxes, more regulations and the crazy monetary policy will lead to anything other than economic chaos. I am looking for conservative leadership who respects the Constitution, rule of law and capitalism. Until then, I am not just a bear but a Polar Bear.

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R Franklin June 2, 2009

Welcome to the NWO, Constitutional America was the last speed bump on the road to world government and it is now being taken apart piece by piece. The unconstitutional "Federal" Reserve Bank has over time bled America white, and now wants to become the "World Bank". As long as Congress is in session no one's life,liberty or property is safe! This phrase has more truth today than ever before. Support Ron Paul's HR 1207 (with 179 co sponsers) to audit the Fed, & expose it's role in this criminal take-down! Gold/silver has always been valuable. Fiat currency, in time, will always become worthless.

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Doug Brandon June 2, 2009

Martin ~ I am a small time investor in the stock market (formerly known as Anheuser-Busch until it was recently purchased by InBev) and a small time investor in a diversified mutual fund/stock portfolio through Ameriprise. So, I've only dipped my big toe and tested the market thusfar in my life. I'm 47 and I have a wife and one 10 year old daughter. I don't really have a question that can be answered, but I'm extremely concerned with all of the sensationalistic things which are happening in our economy. This situation with GM just reinforced the stresses I have. What are your thoughts on how we continue to pile up debt as a nation and we have to pass it on to our kids? Thanks in advance for your thoughts! Doug Brandon dougbrandon1962@yahoo.com

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Tom Beach June 2, 2009

Dear Martin, I expect America to survive even its government! Specifically, I expect certain sectors to do very well. Namely, agricultural products and supplies, energy and drillers etc., precious metals (gold, silver, platinum, and uranium), WATER, and eventually good farm land. The banks, brokerages, and other cheaters will suffer some big setbacks. At least, I hope they will. There will be exceptions. Wells Fargo will do well. Annaly. Retailers that sell cheap like Costco, Walmart, Kmart, Dollar Stores will do well. Chocolate makers and booze distillers should do well. Same with tobacco sad to say. Big and little bakers and grain deals should do fine. BUT all bets are off if our money fails...meaning hyperinflation becomes rampant. With no means of transaction available to replace the dollar America can not survive. Even a Euro or Yuan or Yen or a basket of currencies is better than a dead dollar. I understand Obama's postion. He and his party believe they have a mandate to save the bastards who caused this mess. Wrong! We all were completely sick of G. W. and his criminal behavior and his secret governing techniques. While Obama is open he is making some wrong moves I fear. I like the guy. But he is bankrupting the Treasury to save industries that need to be in bankruptcy court. Finally, I see no way that America can survive if it keeps living beyond its means..either individually or as a government. What I do see is the government seizing private assets to pay for public bailouts. I am talking of IRA's and 40l's. Don't think it can't happen. Think Brazil, Argentina, etc. It can happen. When governments get too desperate they will do anything to survive. Never mind that they caused the situation. They will survive even if private funds don't. So. Gold and Silver and stashes in Switzerland will not survive if Uncle gets desperate. It is for the greater good. Yeah. Panama and Austria are beginning to look very inviting. Your advice from Weiss is only valid if the government does not change the rules. One last thing: What I see next is that to 'solve this crisis' we will need a BIG war to put everyone back to work. It worked before with WWII. It worked for a while even with a little war, Iraq and Afghanistan. Will it work with N. Korea and/or Iran? Keep in mind that we are broke as a nation. What happens if we try to fight a big war with no money or credit? At some point we get defeated big time and have to leave hundreds of billions in war materials in some far off place. And America is then left unprotected. That is not good. What's worse is having no way to get our troops home again. Think Dunkirk. Ooops! All this is just a big theory..based on historical precedents. What will happen is just a guess. What I hope will happen is that our government will awaken and see that throwing good money after bad is not good for the country or business. Aloha, Tom

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Don Jorgenson June 2, 2009

GM is no different than the American public. If their is a dollar to borrow, lets do it. With easy credit. why not take the cruise, we'll just use the credit card. For many years when the Japanese were building thier economy, the savings rate was at 20%. We americans must and should reduce our morgages and loans to the point where one paycheck per household will maintain our standard of living. Consumption should not and cannot be the driving force behind our economic growth, because if it is, there will not be any r&d for new and exciting products for the future. Don Jorgenson

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maurice o malley June 2, 2009

would you be a seller of irish banks....bank of ireland and allied irish banks

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Mung June 2, 2009

Mr. Martin Weiss, It's very sad for America because we are drowned in the MEGA DEBT. I hope America will survive, only God knows tomorrow. Of course, printing money will decrease the purchase power. I won't be surprised to witness the coming INFLATION. I love this country, and it's so frustrating seeing hard working people and retiring people get hurt. As a rule of thumb, I have always tried to live below of my means. I am not an investor by trade, but I sense that any things we need to live on or survive with would be the common sense choices. I am the new Money Safe Subscriber at your researched company starting this month. I appreciate your passionate voice in this time of market crises to steer people away from dangerous stocks. I have not gotton any of your recommened stocks yet because I am not so familiar with them yet. But believe me, I won't hesitate to buy when I understand what I am buying.

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paul katz June 2, 2009

Transformational times. Creditor nations questioning the U.S. Dollar as a reserve currency and /or Americas strength to offer fair value on it's debt. I have no confidence the Fed isn't in addition to it's Q.E. , also purchasing directly or indirectly contracts or derivatives in the equity markets. Politically, traditional alliances are challenged and dangerous olive branches are being offered to adversaries. America is being fundamentally altered under the guise of crisis intervention. World bodies and agencies are going to trump domestic authorities. The IMF, G20, & Creditor Nations will call the shots. Elections have consequences, sometimes catastrophic. I think globalizing ones portfolio and investing in things that hurt when dropped on your foot will outperform. I would also like to understand more how to succeed with currency market investments.

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edward vale June 2, 2009

From the UK, in no great shakes either, I'd bet on the US recovering before we do. Of course, the far east may become wealthier, but the US is an entrepreneurial nation, it still has a relatively business-oriented hands-off Government compared to Europe for example [despite the $13trn!]. Whether indexes can any longer be relied on to grow is more doubtful. Perhaps stock picking like Buffett is the long term answer. Stable politics is a big bonus for the US. I'll probably put all my cash into a world index and forget about it at some point in the next couple of years!

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TED June 2, 2009

PRECIOUS METALS WILL PROBABLY BE THE COMMODITY THAT WILL PULL AMERICA THROUGH ALTHOUGH WHEN YOU GET DOWN TO IT, THE ONLY THING THAT WE REALLY NEED ARE FOOD AND SHELTER BUT THE METHODS BUY WHICH WE EXCHANGE THE FOOD WOULD PROBABLY BE GOLD AND SILVER EXCEPT IN THE CASE OF BARTERING OR EVEN EXCHANGE FOR GOODS THE GOVERNMENT NEEDS TO GO BACK TO OUR ORIGINAL CURRENCY TYPE WHICH IS GOLD AND SILVER COINS. IT WORKED IN THE PAST AND IT WILL WORK IN THE FUTURE

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Bill Mosley June 2, 2009

Will those holding GMAC Smartnotes lose all their investment?

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acquire June 2, 2009

Folks, Martin is right. Socialism is wrong. The new administration is clearly practicing socialism in its finest form. See Wikipedia.com and take a look at the definition of socialism and note not the similarity, but the exact roadmap upon which the new administration is relying. You have to own GOLD and SILVER. The equity market bubble will pop. We are witnessing a classic suckers rally that will end at some point, who knows when, but it will end. New lows are in the future and when they come, all the talk of green shoots, a bottom and the end of the recession will end until the next suckers rally. If these were normal recessionary problems, the pundits would be right. The bottom would be in. But this is not an ordinary recession and it is going to last 10 years no matter what they finally decide to call it. Remember, the experts in 2007 said there would be no recession... they were wrong then and the 90% of economists who are predicting the end of the year 2009 as the end of the recession are WRONG... just like they were in 2007. I must be getting old as this is becoming so obvious...

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David A. Still June 2, 2009

How are puts and calls designated on the volume and price of a stock (bought, sold or not shown)

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Peter June 2, 2009

I truly believe we have lost our way as a country. What saddens me most, however, is how few see the freight train coming that will forever alter our way of life. Call it perpetual optimism, call it denial, call it projecting the past into the future - whatever you want to call it, it is sad that so many are so oblivious to change, and by default are letting it happen. God Bless what used to be America.

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Steve June 2, 2009

Hi Martin: I hear what you are saying about the hole we are digging ourselves as our treasury keeps printing more and more money and how this expansion of the money supply will result in horrific inflation. But on the other hand, through this economic and housing collapse we have seen historic money destruction. People here and in other countries have seen their investments, real estate, stocks and bonds, shrink in value. Yes this is a huge redistribution of wealth, but don't these factors offset each other? Our Treasury is just pumping the money back into the system that had previously evaporated so deflation doesn't take hold.

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michael g merhige June 2, 2009

The only element of our capitalism today that is not relatively dishonest is the entrepeneurial sector. The public companies, major industries and unions cannot compete and make a profit unless they cheat by misrepresentation, lying and stealing. The financial sector is at the acme of this fraudulent pyramid and, oh yes, the government permeates every level of fraud one can imagine. Hype has worked well in duping a naive and insulated American public but it will not wash - especially in the Far East. More and more we are left with nothing but hype to sell to others and I stand in amazement of the brazen emmissaries we send overseas to peddle our faulty wares. Hype is what we know best. We have neither the gumption nor the moral fiber to check our excesses or scheming ways. Our dishonesty has become a way of life - economically, socially and politically. Anyone care to guess where we are headed? M Merhige Miami, Fl

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Harvey K June 2, 2009

I think its simple....the US govt is assuming massive debt with the intention of never paying it back, dollar for dollar. They ll change the rules .....restructure the debt....file for " govt bankruptcy " but still stay in business.....I m not smart enough to figure out the dynamic......how about you ? bloggers

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Fred B Smith June 2, 2009

Martin, you have got me throughly confused. There is all of this negative comentary, then yesterday you come out with buy recs. on two stocks. I am well in the hole with your ETF recs. and you'er now saying you are ready to sell them. How about a better game plan?

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Oliver A. Mork June 2, 2009

You are entirely correct in your assesment of where the whole worl'd's economy is headed. However, the situation is far more serious than you will admit, for fear of causig a real panic. Every day it is looking like the pattern for this catastrophe is following that of the book of Revelation. We could well be living in the time of the end of this particular civilization. There have been many before that built up glorious buildings and then disapeared from sight, leaving only a few ruins for later acheologist to dig up. This one may be no different. The oil powered machinery has taken us from the horse and buggy in less than a century. It has made it possible to destroy much of this planet. When this is all over the survivors - There will not be many will have to go back to the traditional way of travel . By foot, or if lucky, by horse power. The History channel ran a program on what the earth would look like in succesive years if it were without humans. Others are thinking my way also-------

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Ron Eckhoff June 2, 2009

We will survive. General Motors will eventually be Ford Buicks, Ford Cadillacs, etc.etc. Ford is already and happy to compete with G M . A EXCERCISE IN FUTILITY by Our Government.

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Deena June 2, 2009

Well i think now is not the time to blame anyone. This economy did not get like this overnite. GOD has nothing to do with it, we have to rise as one and get the country out of the hole.

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Harold Miller June 2, 2009

Martin: When do you suppose that Limbough, Hennity, Beck and the rest will finally realize that Obama cares nothing about the USA and is running for the presidency of the world, and have the fortitude to say it?

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Denis June 2, 2009

Dear Martin, You and your co-horts have done a fine job making the public at large aware of the seriousness of the situation. In ones private life no one can live beyond their means ---for any extended period. I have been aware of this from my parents for along time.AMERICA will survive if the will is there, which I think is there. Good luck ,and keep up the good work.

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Fred Forrest Sr. June 2, 2009

Dear Martin W., Let us pray, and let us use the Spirit of intelligence to make a difference by doing. 1st by identifying the repairable problems: High Credit demands from Banks and Retail Companies. (Standardized interest and payments must not be forgiven, but paid back with reasonable and honorable agreements.) Think "American". 2nd, the five day work week: Computers have made work simplification tools. Look at the European vacation. The US has not improved because of greed. 3rd, money: let work and the Social Security Trust fund be the new Dollar Standard by allowing/creating a Credit system to compete with lending institutions: THE Answer!!!

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Nancy Raines June 2, 2009

I still like dividend paying stocks. My biggest fear there, of course, is that many companies will be forced to cut their dividends to increase capital (as many already have). I try to do my research and choose cash-rich companies. I also like gold and silver, although only a small (3%) of our portfolio is in those metals--- both a little physical metal and some mining companies. Would you recommend a lot more? I recently bought into a TIPS mutual fund just in case inflation begins to kick in, but again only a small percentage of total portfolio. We own some Chinese and Indian individual stocks also that are doing well so far. Long term, I have no idea where the global economy will take us, but we just stay diversified and hope that we will make it through our retirement years which are just around the corner. Oh, and we are also fairly cash heavy in a couple of B banks: just wish we could earn a little more interest!! Best of all, we are debt free-- no mortgage, car, or credit card debt, which I believe is absolutely essential for anyone considering retirement these days.

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bill wilson June 2, 2009

I feel that America will collapse very soon!

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Richard West June 2, 2009

I read your emails because so they so accurately reflect my own beliefs. No, just like numerous businesses were past the point of no return, I believer the US government is well past the point of no return. I think the government is going to keep handing out money to try to stay in power until it absolutely collapses. I don't see a single ray of intelligence or financial management skills in the US government. If people ran their personal finances like the US government runs the country's finances, 100% of them would be totally insolvent.

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Gary C. Morse June 2, 2009

Folks it's all part of the plan, bankrupcy of the US of A. The printing facility in Denver , co. is printing Amero' as fast as it can go 24/7/365. The money will change to Amero-- maybe, just maybe one will receive 50% of the value of the present greenback. All part of the plan for One World government, One World Tax base and reduced population by a conservative 45%. When the money is moved by shipping containers how much more does one need. Just suppose the that a dollar bill is .010 thick, 6.125" long x 2.625" wide. stack then 48" high on te stand shipping pallet 42" x 48" . The distance is un-imaginable in length as to our present US debt much less 3.8 billion a day. folks we as a Nation won't survive. Things are not getting better and if our President has his way, he's got a big truck headed down hill at high speed, and the "T" at the bottom and no hope of making a turn, strainght into the ditch.... Folks understand it's not 'Our President' the rules, those above are the ones that don't care about the little man. Those of us the earn the normal yearly wage of$35k to $500k aren't even on the playing board. Even those earning millions a year aren't on the board. Forget hanging on, not a happening. Enjoy while you can........ Coneger

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Paul Schwartz June 2, 2009

I have never been more concerned over the future of the U.S. I have gone through several "crises" including Howard Ruff's societal breakdown. I believe that we are facing a fundamental challenge to our political and economic systems. I don't pretend to know who is at the root cause of these challenges, but they are obviously powerful and focussed on their goals. If you look at other countries that have experienced this type of challenge, there would appear to be little that the individual can do to protect himself from such systemic breakdown, although I believe that what you have done, personally, is probably the best survival plan.

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susan June 2, 2009

I certainly do not have an extensive grasp of economics, however, I was always under the impression that "free market capitalism" provided extensive opportunity AND extensive risk. Since it seems that there is very little possibility of a company truly "failing" (because in most instances the government,ie, taxpayers) are picking up the pieces and the concommitant bills, where is the motivation for directors, CEO's etc, to run their business prudently, not take on extensive debt and run a profit-bearing enterprise? Why is our government in the business of rescuing failing banks & businesses at the expense of the taxpayer, who has essentially had no voice in these decisions?

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William A Grabowski June 2, 2009

This is not a game for the weak of heart.....I am going to buy my ETF positions again at todays position and ride this bear market delirium back down. This surge is a fake just like our gov.....gravity works but it takes time.....CHINESE STUDENTS LAUGHED IN THE FACE OF GEITHNER ABOUT THE SAFETY OF CHINESE INVESTMENT IN US TREASURIES SAYS IT ALL....WE ARE IN SERIOUS TROUBLE. Bill

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William Fritz June 2, 2009

If America goes, there will not be a sufficiently stable currency to allow for much international trade. Practically speaking, there is still a truly massive value in what American produces each day. The human capital factor per capita far exceeds the great depression. Dire and painful adjustments - no doubt. A worthless dollar and destruction of America's economy - very unlikely. Should we liquidate everything and buy gold or silver? By itself, that won't produce much. Seems like a good time to really prepare for a radically different and far more efficient economy. That requires a fair degree of downtime and retooling no matter what trade or profession one is in. Now is a good time to do that and to anticipate the future in whatever industry one finds themself. The need for goods and services cannot diminish forever. Thanks for your thoughts.

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Ned Miller June 2, 2009

The worst part about this whole auto sector mess dates back to before the whole dog and pony show in Washington. Remember those auto execs saying that all they needed was a few billion dollars to get their companies over the hump? Well, they got those billions. And now that money is gone. And chapter 11 was still the outcome... How come the rest of the coutry could see this coming ? By the way, does anyone own a GM that isnt a truck of some sort ? Probably not.

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Otto Johansen June 2, 2009

When this country is ridiculed by Pravda for falling headlong into Marxist Socialism, you've got to know we're in some serious trouble. Unfortunately, under the current management, it looks to me like the United States has two wheels over the brink of the cliff, and the brakes are gone... When the government establishes a practice of voiding valid contracts, all the while telling us how important it is to follow the rule of law and giving sweetheart deals to its political supporters, we're cooked. It's plain to see that unless we stop thinking for ourselves and join the rest of the sheeple, we'll be slaughtered next!

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Ron McCormick June 2, 2009

I have no idea what the future holds for America. We have forsaken our moral paths for immorality calling it open mindedness and our work ethic for socialism and entitlements. I thank you Dr. Weiss, for the insites you are providing and I am taking your advise as far as I can in protecting my assets.

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Mary June 2, 2009

I heard the Dollar is going to be obsolete between Aug-September of this year. Its scarey to think of what can happen. I do not understand the printing of phantom money and then accusing N. Korea of counterfeiting our $100 bills. Obama is guilty of counterfeiting trillions of dollars - With this type of spending spree - I guess there trying to break in that Amero! Scarey whats going on - everything is happening so fast! Money is the root of all evil

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Denver June 2, 2009

We are not going to survive this, at least not as the same country we went into it as. A nation cannot continue to spend beyond its means and then convince itself that the cure to the problems that were caused by too much spending is more spending. That our leaders will not admit this tells me one of two things: 1. They are not telling us the truth - or- 2. They are incompetent Either way, we cannot survive with such "leadership." A good many of us are hard working, God fearing men and women. We wake up every day and try to do what's right, while the people we send to Washington fleece us. It's time to secede from this corrupt union, one state at a time. It is our only hope of continuing the goal of the Founders. We are not abandoning America by advocating such measures. We are preserving it. It is Washington that has abandoned us, and if we are foolish enough to continue to support this madness and pay taxes to this corrupt empire, we deserve what we get. I encourage each and every reader to do the following immediately: 1. Buy hard gold and silver, at least enough to get you through a meltdown. 2. Do not send your sons and daughters to die for this corrupt regime. The military was once a noble calling, but there is nothing noble about it now. 3. Find ways to limit the taxes you pay. Buy less, work less. Go Galt. Do it today. Take America back.

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Bruce Sanders June 2, 2009

I am surprise that your blog posted Ed Anderson's comments. We are all concerned about the economy, but do we really need to read these moronic and bigoted comments by Mr. Anderson? Martin, let's all stay calm, and stay secure in mostly short-term treasury bills and some FDIC insured CDs. When long-term rates rise, you will give us the signal to get into intermediate and long-term treasury notes and bonds. After the eventual pullback in equities occurs, you will let us know when to get some good corporate bonds and dividend yielding stocks. My impression is that "shorting" in this volatile market is very tough. Maybe best to sit in short-term treasuries, CDs, and some gold. Martin, thanks for all your sound advice; and let's keep the "haters" and "conspiracy freaks" off your website---please!

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phil younker sr June 2, 2009

I think we lost America when we start encouraging everyone to go into debt with credit cards, no payment for a year credit and raising our children to expect instant gratification without earning it? Obama is now in charge of completing the job and doing a hell of a job of it, he considers himself king of the world and no one in Washington is ready to step in front of the run away train.

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Catia June 2, 2009

GM's downfall is harbinger of American businesses falling like dominos due to the Obama administration's actions. Personally, I believe Pres. Obama will use the fallout to move toward a definite socialistic style of goverment and the nationalization of any business he thinks will pull his fat out of the fire.

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BJ June 2, 2009

"Experience should teach us to be most on our guard to PROTECT LIBERTY when the GOVERNMENT'S PURPOSES ARE BENEFICENT! Men born to freedom are naturally alert to repel invasion of their liberty by EVIL MINDED RULERS. The GREATEST DANGERS TO LIBERTY LURK IN INSEDIOUS ENCROACHMENT BY MEN OF ZEAL, WELL MEANING BUT WITHOUT UNDERSTANDING!" Louis Brandeis, Associate Supreme Court Justice 1916 - 1939 The Obama administration clearly does not understand or respect the free markets and personal freedoms and liberty (including the freedom to fail) which have made this country the most prosperous in history. Protecting one class over another is unconstitutional. The UAW's win over bondholders is unconstitutional and will come back to haunt this administration and all legitimate bond holders. Why are we protecting the UAW and punnishing bondholders who are retirees and ordinary investors? This is disgraceful, unethical and very dangerous.

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Gordon Livingston June 2, 2009

What chance do you feel , that american currency , goes the way of the mexican peso , and makes all middle class people poor ?

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Hans R Schoenhofen June 2, 2009

Dr. Weiss, GM, the company "too big to fail", is in court filing for Chapter 11 Bankruptcy Protection NOW!!! When will these United States of America, the country "too big to fail", be in court filing for Chapter 11 Bankruptcy Protection??? A friend tried to convince me today: "They (the government of the US of A) don't have to do that. They can print all the necessary money they need". Soon after that remark an Earth-World-America shaking Revelation hit me: Hire all those millions of unemployed Americans, make them build 7/24 money printing presses as fast as they can! Occupy all those emptied buildings of GM and Chrysler for those machines and have them printing $$$ as fast as those machines will run without going up in smoke!!! There is just ONE small hurdle to overcome/remove before all THAT money is going to do some good for OUR Government/Country: How can we get rid off all those "qualified/experienced ceo's/presidents/money managers" who knew how to fill their pockets, to fleece ours, to precipitate their companies/countries into hundreds/trillions of Dollars of debt, without throwing them into jail (and the key away)??? And I am not so sure if that would even work, since they got enough money to buy/convince their jailers to let them out!!! Any idea how to do that, without us getting thrown into jail and rot away there since we ain't gotten their dough??? Hans in New Mexico

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Sandy again -- sorry for the rant. June 2, 2009

Yes, America will survive. Rising interest rates will curtail purchases of hard assets, such as homes. Yet unsustainable government programs, such as social security and medicare, should be phased out over a the next 20+ years. Well chosen Home Health Care Services may offer good profits in the future; foreign stocks in countries like Brazil may also offer good opportunities. I recently met two Australian couples; while they said their country was in recession, their banks were in good shape. Another opportunity? I've read your recent book, but find it hard to invest in Treasury Bills, especially with the falling dollar. I need safe investments that will offer solid growth and dividends. I wish you would address retiree needs also (many lost thousands in their retirement accounts and home equity). Many of us no longer trust our government.

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nick todd June 2, 2009

It is an interesting question. Maybe we ought to look at history. Once upon a time China ruled the World; Then the Monguls with an Empire from the China Sea almost to the Mediterranean; Then the Turks may be; Then Italy (how could a country as small as Italy rule the World?) Then Spain - remember Columbus? (how could a country as small as Spain rule the World?) Then France - remember Louisianna? (how could a country as small as France rule the World?) Then Britain - remember the Empire on which the sun nevers sets? (how could a country as small as Britain rule the World?) Then the USA. and now ................... Japan ...... China? Could it be a rotation? Stranger things have happened,

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Lamon Borel June 2, 2009

I have read and agree with some of the comments. We are sadly in a worse financial crisis than the Great Depression, possibly. No company is to big to fail, the government should have let them all go under. I feel for the people who would and some still are losing their jobs, but now the whole contry may go under. Natrue abhors a vacuum and someone would have come along to fill the void. I believe the initial stimulus was more to save the powers that be: the rich who would have suffered way more than the average American if these institutions would have been allowed to go under. It may have shaken the world economy, instead of just destroying the USA in the not to distant future, but so be it. I am mostly conservative in my beliefs and don't believe in the redistribution of wealth, but I am sorely disappointed with all of Washington. I'm sure we have a few good ones in office, but all indications are showing that the barrel is full of mostly rotten apples, not just a few. Over 60% of Americans were against the stimulus package and they passed it anyway. It seems as the people or majority no longer have a voice. The word politician has become another word in the vocabulary of profanity. They tell you what you want to hear to get elected and then do as they please or the big financial interest dictate. In this day and of information almost immeadiately available we finally get a look at what is going in Washington DC, almost in real time. Maybe the rest of America will finally wake up and hold their representatives accountable. I have been joking with a few friends at work about the collapse of society and whether they would be able to survive or not, being they were raised as city bred folk, so to speak. I was country and grew up hunting, fishing and trapping and can survive off the land and it's bounty. Can most of America? I doubt it. I am a merchant marine (professional sailor) by trade and have been to some of the most impoverished places on the planet. We may have been in a dire situation letting these companies go under, but it would have been survivable. The rest of the world may have suffered also, there is suffering happening every day unrelieved. If the debtors come to collect will we roll over and allow them to take parts of this country from us. Obama already sent Hillary to China and agreed to allow them to take land in lieu of what we borrowed if we fail to pay. Some may, possibly even a majority. Then again maybe not, :). I did not sign this loan agreement or any other that our government is holding us all accountable for, therefor I do not feel obligated to honor them. I proudly served our country before and during the 1st Gul War and would do so again. It may be in view of what I think is the right way and not coincide with Washington. If things don't turn around soon we may have a revolution on our hands and they are never pretty or civil. Any hope of salvation lies in massive cuts in spending on anything that is not absolutely necessary. Foreign aid, sorry 3rd world but we have to take care of our own house first before we can help you with yours. Research, if it's not economically viable then let private funding drive it. Infrastructure, yeah some of it needs to be put on hold until things are settled and moving in a positive direction.

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mac locke June 2, 2009

As soon as Mr. Obama and his cronies get out of the picture, American ingenuity will take over and begin to sort out this mess, created by the aforementioned. What is your feeling about General Electric, is it in danger of a down-melt?

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Sam June 2, 2009

I was once told, "If you have to ask.....You already know the answer." So, with that in mind, to the Question (Is the US Next?) the answer is YES. If I were to write checks without money in the bank, I'd go to jail. These bastards are killing us, with only their hunger for power to drive them. When did it become us and them......This is one country, we are on the same side right?!?! Or maybe, People without morals.... some kind of guide lines of what is "Right" ............Can Justify anything.

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Charley June 2, 2009

I am doing several things to protect capital: Weaning out stocks not paying healthy dividends Maintaining substantial cash balance in stock accounts and IRAs Put $5K in SDS contrarian fund Looking for more high dividend stocks and will buy gold stock on a substantial drop in price of GLD. I am 65 year old retiree.

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John Fox June 2, 2009

Did anybody catch Mary O'Grady's interview with Richard Fisher, President of the Dallas FED in the Wall Street Journal last week? If not please see the below link. That interview together with Dr. Weiss' et al. analysis of the current US fiscal situation are the most accurate and sobering of all. According to Mr. Fisher's numbers the unfunded liability of the US "gubment" is $99 TRILLION. That is what the Dallas FED has calculated, not some right-wing-out-of-work-banker-conspiracy-theorist (me) cooking up propaganda. Assuming 300 million US citizens, our equal share of this unfunded liability is $330,000 each. Will the US survive? Doubtful in its' present form. http://online.wsj.com/article/SB124303024230548323.html

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David June 2, 2009

Just like the Soviet Union imploded ,now it is Capitilism turn....as political and economic governments realize , they really dont have the answers to how to run a country......As former president Gorbachav has said recently somewhere in the middle of these two economies is the answer........it is a sure bet that the give away policys that Washington has had for a long time is draining our Social Security System and the whole country.........we really need to go back to understand what a government is for and get back to the Will of the People........which our government has not had for a long time................

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Alan June 2, 2009

Hi, America has built a house of debt cards that has finally fallen. I go to America on business once or twice a year, and all I saw was the growth of America financed on debt, at the personal level, at the city level, at the state level, and the country finances of wars, etc. Ever where I went and looked, America was spending money hand over fist! It simply could not continue! If I ran my business like that, I wouldnt be in business, yet the very people that might loan (or not loan) me money didnt see it coming. All those mortgage brokers of sub-prime mortgage SHOULD GO TO JAIL! Or all the people they put out onto the streets should be allowed to go live at the mortgage brokers house. Deriatives, not sure I understand them. My best explanation I heard, was I borrow money from somebody to 'gamble' on anything and everything, and If I lose, that is somebody's else problem. Deriatives should be made illegal by the government and all 'financial experts' that used them should be FIRED, on the street, or In Jail. If I gambled the equity in my house in Las Vegas and lost, Las Vegas would come and take the house! Same should happen to all those companies as a warning to future gamblers! Did you hear the internet joke on how to solve the financial crisis in America? 40 Million people over age 50 get $1 Million each as severance pay, they must quit their job and create 40 million jobs, unemployment solved! Each of them must buy a new house, housing market solved! Each of them must buy a new car, auto industry solved. Mathimatically is would cost $40 Trillion! However, America saved the big shots and bankrupted everybody with $52 Trillion of debt? America spends $2 in debt for every $1 it creates? As for GM, Chrysler, Ford, they have ignored the world producing energy efficient vechicles, If they dont compete with Toyota, Honda Hybrids, German efficient Diesels, they Close up now and cut our losses. Let GM and Chrysler Fold! Send the message loud and clear to Ford, compete or Die! As for the world, the world will soon abandon America $ and re-establish other currencies based on trade and commodities, or other REAL assets, not Toxic assets. Definitely Gold will continue to be a hot commodity, Oil and Gas will boom (and Peak Oil is happening), and Water resources will become hot! The oil and gas boom will eventually bring the entire market down. As a Canadian, I am now looking to buy 25% on the $ CHEAP real estate in America and rent it back to Americans, wait for the housing market to eventually level out or increase and take the money and run. Just my opinion!

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mac locke June 2, 2009

My immediate concern is General Electric.

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robert June 2, 2009

Hi Martin, Do you still feel that stocks are headed for another big plunge? Thanks

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joseph R. jahoda June 2, 2009

We will survive but it will be a 10 year depression. So let us tighten our belts and learn to conserve. We have had it good for years. Now we learn to live like other people. Its a good experience. Good growth is part of the reason for being in the earth??? Of course I am not too happy about this but what can we do, we elected the dummies that did it to us . If we elected the other team they would do the same thing. Its Karma???? Joe

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Charlene June 2, 2009

I recently signed up and have been following your newsletters. I've always had a positive outlook, with the market down...it's on sale, if you have the x-tra money now's the time to invest. Is this the wrong mentality? We still put money away for saving.

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Lee Noga June 2, 2009

Yes I agree these are dark times. However with all the news that is fairly bad, the Dow still went positive yesterday and holding its own today. Apparently the majority of stockholders have a positive attitude about our economy or they wouldn't be investing in more stocks at this time driving the market up. I have held onto a reverse market ETF (DXD) thinking that surely the market will start tanking again however dumped it today. Hated to take the loss but getting tired of the price going down. I find it almost impossible to out-think this market! Do we have intelligent investors or they all just a bunch of dummies???? My Comments Only/Lee

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Ralph Cole June 2, 2009

Good Day, The staggering debt is alarming to me, I have not been in the stock market for three years. I know I have missed some growth opportunities, however being 70 years of age I have stayed in cash for a measly 2 percent return; however, i have sustained no losses. My retirement funds can only be moved one time a month, this is the primary reason I have stayed in cash as a lot of damage could ensue in a month long time frame. What do you suggest I do or have I erred on the side of safety? Ralph

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Joe June 2, 2009

Our nation has changed and is still changing--for the worse in my opinion. We have no vision of where we were, where we are or where we are going. There appears to be much that parallels the Fall of the Roman Empire.

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greg beesley June 2, 2009

i see nothing but a disaster looming when the kid clowns in washington dabble in anything. commodities, gold and shorts are the only thing happening in the mkt. as long as the big o is in charge.

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WR Mayberry June 2, 2009

I know one thing for certain, the money that my wife and I safed to help support us in ou old age (85) isn't helping much now. Between no interest and inflation, if we were not debt free, we would be on the streets.

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Robert Scarborough June 2, 2009

2 comments---- 1) I have (had) 100,000.00 in in the weiss bear strategy. It is not doing any better than my fidelity or franklin templeton junk. He is hung up on in and out of rydex. 2) I am loosing my shirt holding all of the inverse etfs you recommended--commercial property,etc My bni. fcx, ge, gold and silver are making me money!

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M K June 2, 2009

Dear Martin, I read what you espouse and it made enough sense to me so that I invested in the Contrarian Portfolio. However, I read equally convincing and prominent economists who disagree with you. I have read equally compelling scenarios for both deflation and hyperinflation. There is no consensus; only what appears to be rational explanations from intellectually impressive individuals coming to 180 degree different conclusions with ample facts to support their opinions. I have been a buy and hold investor for quite a while and still am to a certain extent. I am retired (5 years now) and live on my interest, dividends and distributions only (along with SS). I have not had to touch my principal thus far for living expenses, but have seen it diminish nonetheless because of all that has transpired over the last two years. I pulled out of the stock market in March of 2007 EXCEPT for my Canadian Royalty Trusts, MLPs', and individual municipal bonds (all triple AAA as well as being able to stand alone without any rating). I understood that the MLPs' and CRTs' stock price would take a hit in a down market, but would probably continue to pay their dividends and distributions albeit @ somewhat lower dollar amounts. I had built in a 75% cushion (much of which has dissapated). The hit to the stock prices has been worse than I anticipated. I also own gold, gold miners, and silver stocks and etfs' worth 2.5% of my liquid assets. I am trying to think long term and feel that these assets will be of value in an inflationary or hyper-inflation enviornment. We own our real estate free and clear and think (perhaps in error) that it will retain and increase in value in a hyper-inflation scenario. I have no idea what is going to happen tomorrow, let alone several months or years from now. I bought into the million dollar portfolio because what you say seems absolutely logical to me and I want to hedge my bets by diversifying to mute large movements in either direction. Despite all of this I remain very confused about the future. Things change with lightening speed and so many external forces are @ play (that I do not even realize are there) as engines of dramatic change. I still do not know whether to plan for inflation or deflation or both, and despite doing extensive reading remain conflicted and unsure about my family and my country's future economic stability. With millions of people out of work (and more coming) along with decreasing wages, how can prices for discetionary purchases possibly go up? On the other hand, with the monumental debt our country has piled up and continues to pile up; how can we avoid a drastic devaluation of the US$ with de facto massive inflation resulting? I am sorry for such a long drawn out diatribe, but I guess my frustration and lack of being able to get a handle on all this is showing through. Perhaps you could respond to the deflation/inflation issue on your blog or next Contrarian confernce (or both). Thank you for your patience in reading this

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Robert L. Poorman, Ed.D. June 2, 2009

My wife and I are depression kids who made it by working hard in academic life here and abroad, and playing by the rules. We are fighting a dual battle - preservation of capital with modest gain to pass on to a large family - by using the Martin-and-Claus program - and selling our older house from which we moved to newer one. We have a "double whammy" wish - that the bear market rally will hold long enough to see hopeful buyers for our house, and that Martin and Claus are right - soon! Thanks, but we could certainly use a hopeful sign. Robert L. Poorman, Ed.D.

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jerry goodman June 2, 2009

WILL AMERICA SURVIVE? The John Birchers have been warning America of this since 1958 ! Read The Gulag Archipelago book - America is at the same crossroads as Russia was in 1905 onward. With the mass media "in their pockets" , I do not see how the American citizens will hear/realize the truth in time to turn this thing around. STOCKS? Stock up on at least a year of survival items & foods for your family.

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Dean Cherry June 2, 2009

What is amazing to me is why the market keeps going up. The report of leading economic indicators is released. The talking heads say "It didn't drop as far or as fast as projected" Then the market goes up. GM declares bankruptcy another 100,000 unemployed and the dow goes up appox. 220 points on June 1. I have been trying to get a refi and I noticed that the mortgage interest rates are up 1% from last week. What possible logic can people be thinking when they buy, buy, buy.

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Barton L. Hartzell June 2, 2009

Dear Dr. Weiss: I think America, under the Obama administration, is on the same road the Roman Empire was on 2000 years ago. Debasement of the currency, profligate spending, increased government control of our formerly-capitalist companies and banks. Meanwhile, I am investing in precious metals and foreign stocks. Regards, Bart Hartzell Kirkland, WA.

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Jeff Skalla June 2, 2009

Dear Mr. Weiss, I have only recently become familiar with you and have found your information very important. Cash and Gold seem to me to be wise looking forward. Mr. Obama, Mr. Geithner, and Mr. Bernanke what experience do they bring to the table. When was the last time they paid out of the money from there own company the salary of an employee? Mr. Weiss all you need to do is look at the Debt vs. the Assets and that tells you the truth. What does our balance sheet look like?

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Eric Brown June 2, 2009

I learned long ago to not send good money after bad. Apparently, the US Government doesn't know about this advice. It has propped up many a bank that is scheduled to fail anyway (think Citigroup for one), and now is pouring billions into the rat-hole called General Motors. GM used to be "King of the road", but it is now "road-kill". If the Federales continue their reckless money-throwing ways, the United Staes will implode, and everyone, rich, poor, young, old, wise, stupid, quick or slow, will become victims. Life is short here on earth, and only those who precede in death us who remain will escape the awful consequences.

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Irvin Redmond June 2, 2009

Dear Martin, You and your colleagues are doing a great job and the real financial situation in the usa is much clearer because of this. However, I live in the UK and cannot get similar information (to what you provide) for my country to help me make good investment decisions. Can you please help by:- a) either providing your views on what a UK investor should be doing or b) providing another appropriate source of information for people like me. Thanks and keep up the good work. Irvin

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mike bazylak June 2, 2009

I think commodities will go up rapidly. food,gold,silver,metals ect. I also think that housing will have to go up with the rise in commodities. select stocks should rise and it appears asian stocks especially India & China should rise.

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Melvin Kingsbury June 2, 2009

2009 to 2012; The same time period as 1929 to 1932, and the one which followed the "roaring 20s". Not surprising at all; just 80 years later. Even the last digits match. Could be the dooms-dayers be right. After all, the Mayan callendar ends in 2012. Personally, I think the Mayans just couldn't find a larger object to put one on, and still be able to take it from one place to another if they had to. In case nobody has noticed, we are not in a recession. I saw it as a depression from the beginning - it's just that the wave of repercussion is larger than all of those little recessions since 1932. The guys who were running the Fed back then would never have thought that something created as "fail-safe" as the FDIC could actually fail: but then they also would never have let this country have all the debt it has as a result of things like "sub-prime", creative financing, loans made based on creditworthiness that has been blown out of proportion and much of the time just plain falsified. We'll get through this; it is just going to take longer than it has for the recessions of the past 80 years to run its course. Look out though, it has a big engine and is going to destroy a lot in its path.

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Gordon June 2, 2009

The failure of GM is the result of a lack of competent leadership within the company. Like much of the US within the last 30 years, GM was unable to confront, and deal with, reality. There are many individuals, institutions, and corporations that share this problem in the US. In GM's case, management did not take the Japanese threat seriously, not just once, but over a two-decade period. By the time they began to make improvements, it was too late. Moreover, GM did never respond to changing customer preferences within the US. At this point in time, there have ben 2 generations of car buyers whose parents have owned Japanese cars rather than american cars. GM ignored this fact and just kept on making amerian cars for an ever shrinking customer base. The only way for GM to survive is to jettison all brand names except for Cadilliac, and start all over with 2-3 new brands of sleek, european styled cars with reliability equivalent to Japanese brands. No more Chevies, Olds, Pontiacs, or buicks. The chevy symbol alone is sufficient many people to dismiss the car and whatever improvments may have been recetly added to the car. Start again with new brand names, new symbols, sleek styling, and good quality materials with good overall product value. Americans will then start to buy GM again when GM improves their product, rather than relying on the now untrue premist that customers will buy GM because they do not have other options or because their parents bought GM. GM was only strong when it had no competitors. Those days are gone forever.

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JD June 2, 2009

Nothing is stopping the Fed from expanding its balance sheet and printing unlimited amounts of money, which will destroy the dollar. This is how we get to the Weimar hyper-inflationary depression that Jim Rogers, Marc Faber, Jim Sinclair, Jim Puplava, John Williams, Peter Schiff, Glenn Beck, Ron Paul, Stephen Moore, Gerald Celente, et al. (all Austrian School thinkers) have been predicting for several years - at least. Until the Fed is audited and the Federal Reserve Act is repealed so we can have sound, free market money, the central planners, bureaucrats, and economists at the Fed/Treasury/Goldman Sachs that believe in the insanity of "inflation-targeting" will give us the worst of all worlds - a collapsed currency, a collapsed economy, a collapsed bond market, a collapse real estate market, and a collapsed stock market (in real terms) making our transition to a banana republic complete. We will then have to issue debt denominated in foreign currencies. That's when Celente's riots start. I am a Safe Money Report subscriber, as well, and highly recommend the material.

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joe June 2, 2009

A tidal wave of hyperinflation is heading our way and the administration and the majority leaders in congress have their hand on the throddle at full speed ahead. Dam the debt full speed ahead. Who is at fault? A good majority of the American citizens. Why are they responsible but not totally their fault. A great majority of them never were taught in school or forgot why our founding farthers set up a republic. Many do not understand the constitution,decleration of indipendance and (We the people). In order to maintain our freedom and prosperity we must be active in what is going on in government on the local, state and national level and pick the best people to represent us.However our congress consists of many layers who write policy that the average citizen can not understand. We have let the elite control our lives because there are few average citizens in these elected offices. The longer they stay the more power they have over our lives and little chance for new blood to enter and represent the people. We can only have serious change if more citizens take an active roll in local,state,and national levels of government. Know who is running and what their views are gather the facts and vote. Our country is a republic but unless we put the breaks on Washington we could be a socialist country. We own GM, the banks, financial institutions, Chrysler, AIG,the debt is out of control and the savings of millions of citizens will be worthless if htperinflation hits and the dollar is no longer the worlds reserve currency. Millions of baby boomers will loose their retirement they worked hard for and planned on to pay off the debt by debasing the dollar. A government run health care system could cost some their lives. Just last week the news stated that the government sent out thousands of stimulus check to dead people. Do we feel confident they will take care of our health needs? My equation for prosperity is ( understanding the founding farthers by understanding the constitution,the decleration of indipendence + know the issues and vote + be self reliant + be debt free + understand investments + remember WE THE PEOPLE WHO VOTE CAN STOP THE WASHINGTON MADNESS of choking debt that is around our necks and choking us. I feel that investments in strong currencies gold,silver,natural resources such as copper,lumber, will help one survive hyperinflation. I also would stay away from any bonds because of the dollar situation and all the policy changes in Washington. I would stay in limited dividend stocks of food companies for hard times ahead with protective stops. Martin question. Do you think silver will out preform gold over the next two years? Also why is the silver ratio over the past eight months been 71-72-73- to one ratio with gold? Is not the normal ratio usually about 45-to one ratio to gold? Is it being controled by outside forces? Thanks for all your help over the years and I like the million dollar portifilo so far.

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Mary Gemmill June 2, 2009

This country is probably 'too big to fail'! Ha! We are having socialism/facism stuffed down our throats, whether we want it or not. I almost think we are too far gone to recover - unless, ALL government spending stops immediately. The only exception would be to run the government (with no pork) and to pay for the military. Everything else gets cut and the monies used to pay off whatever our debt is now. Most folks I know are disgusted with Washington.

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Ty June 2, 2009

I agree with the above blogger. I think we are all being duped. I think the real plan is to completely change the rules of governance we've had since we became our own democratic nation. I think the real goals of the progressives in power are to turn our nation, democracy, founding priciples, EVERYTHING upside down on it's ears. We have been decieved and it may be too late to do anything about it. By the way, it was great to see your appearance on Glenn Beck on FNC Monday. Hope to see more of you there with more time to contribute. The stuff you've been heralding conincides directly with all of Glenn's warnings. I am a member of your contrarian portfolio and am doing a shadow with you and Claus. I am concerned though that you cannot make the right recommendations with this government pulling the strings and constantly changing the rules. It feels like investing has become one big crap shoot with a bunch of crooks running the casino and tampering with the odds of every bet.

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Stuart Williams June 2, 2009

I have bought sizeable positions in precious metals mining stocks and ETN's(AGQ, SLV, GDZ, IAG, LIHR, AU, GOLD, SSRI); ETF's denominated in Canadian and Australian dollars; a basic commodity ETF(UYM); Market Vectors Coal(kol); Market Vectors Steel(SLX); and sizeable positions in Lukoil, Petrobras, Suncor Energy, Schlumberger, and Transocean, and all are up sharply since I got in in late February/early March.

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Smith June 2, 2009

THis is all an orchestrated economic crisis with only one goal to have a New World Order. Gary is right. The goverment had already started working towards a North American Union (USA, Canada and Mexico) Just like the European Union where the currency will be Amero. This is all a bunch of bankers conspiracy to take over the World economy. Blame the Rockefellars and other Illuminati.

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Connie June 2, 2009

Thank you for your article. Yes, I am worried about America's future. I worry about my children and grandchildren's future DEBT obligation that they will have to pay. I think I worry more because there doesn't seem to be any positive information. I am in a bad position as well. I am a college graduate with a Masters Degree in Business; however, the condo market flopped and the company that I had employed me for the last 6 years had 9 (NINE) layoffs! I had little credit card debt and some savings (6 months worth); however, I have ran out! I have cashed out of my 401k and took a 30% tax hit...ouch! and the unemployment has ran out. All of the top headhunters have said they have no leads yet. What should I do? Go back to college AGAIN? That is what worries me. I felt as though I made the right decisions and yet....??

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Hamish Kerr June 2, 2009

Martin, You are THE most prescient analyst and I follow your work closely. My opinion, for what it is worth, is that we have probably avoided a crushing depression by the magic of money creation and that the effects of this will come back to haunt us in a few years,when our currencies will erode in value. The net result will be massive inflation followed by a CRASH. You can only hold up a house of cards for so long! I am positioned long Silver and Gold, long Oil and some. I do not have the courage to go short but if I did, it would be on most consumer goods and Real Estate, especially commercial ! With best regards, Hamish Kerr

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Johan June 2, 2009

I am an investor in the Contrarian portfolio (if I remain we should at least get 2010 subscription free) and also have been following the “safe money” reports?? Secondly I sold off my equity investments “on the opportunity of any rally” as you guys have recommended?? Thirdly I am an investor that have like other investors asked the question regarding hedging the $ as we are not US investors?? I don’t want to, but honestly I am losing faith in most of the Money and Markets predictions except that the DOW can run up to 10000 before it does a normal correction.

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Peter Munday June 2, 2009

AMERICA is suffering from its power structure, run by the rich boys for too long and is now going through the "end of empire". It is NOT a democracy any more than the UK and allows no say for 90% of its citizens. Candidates are voted into the system only to do as they are told by one or two masters at the top, in other words, short term dictatorships. Evolution eventually will change this, it could happen now but those in control will resist to the bitter end. History. In the short term a lot of outsiders will own a lot of America as it will become one of the worlds cheaper places, with its technology and skilled workers it will become a good investment.

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Donna Ketchum June 2, 2009

I am a 57 year old professional, college-degreed woman; conservative and quite middle class. My husband and I put our kids through college without loans and paid our house off 20 years ago. We are debt free. I started IRA's when I was 28 and have two 401K's with a past employer (20 years) and my current employer (10 years). Three years ago I took my 401K out (previous employer) and put it in a CD and I feel pretty good that I did the right thing. I still contribute 8% into my current 401K with 8% matching dollar for dollar. My husband has contributed to his SEP since 1991. We are not the type of people to buy gold but we would definitely barter if the opportunity arose. We live on 16 acres and planted our first vegetable garden this year. I believe our country will default. When this happens you will see the many poor and unprepared middle class folks riot in the streets. I believe we are headed for anarchy in the near future. This will be due to the greed, dishonestly, and blatant disregard for the values and beliefs that made this a great country and that allowed it to govern itself for more than 200 years. I personally have never felt such utter distain for our government officials. Senators, Representatives, the current administration, our judicial system and other powers that control us have no regard for it's citizens. My husband and I are survivors and will take care of our children and their children but most people are not like this as they have always depended upon someone else to get them by. It is a sad time but it will surely get much worse.

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Ronaye Ryane June 2, 2009

I think that Gold and Silver and some cash might be the way in these times.

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martin olejcek June 2, 2009

I have no doubt about a negative impact of the bassive bail-out (with money created as an accounting entry in my opinion) on the value of the US dollar. It may be unamerican, but I think it is financially sound to invest a lot in currencies and metals (not the russian rubel and iron of course).

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Lowell Talley June 2, 2009

Just hang on. I believe stocks will rebound. GM will come out of chapter 11 and be a profitable Co. again. This great country can stand anything for 4 years. Once again we have a president that was elected altho no one voted for him. We will have a chance to change that before you know it.

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Jennifer Bawden June 2, 2009

To understand market sentiment and trends you must know what the populous believes. As quantum theory suggests we can become what we believe. There are a growing number of christians world wide that believe we are seeing signs from revelations. We then have Amadinajad on the other side who believes he is here to usher in the muslim mesia. What comes first the chicken or the egg? Will mankind recreate world war three according to the scriptures they follow ... How will these fears affect the investing decisions of the growing christian belivers? When the market retraces and breaks its lows sending the dollar up, gold and commodities will take a last beating. We still have major DEFLATIONARY forces ahead. I will be loading the boat on gold but not until it has a big pullback. As the market continues to rally as it did in 1933 I will be watching my entry point for the SRS [ will soon fall into the teens] and other short ETFs. At the right time as our market tops out I will also be shorting the Japanese markets. My grandfather, father and uncle followed Martins father.. the apple lucky for us all fell close to the tree.

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jules June 2, 2009

as always ,thank you for your thoughts.my family is in good shape so my concern is more for my country.our gov't doesn't see the connection between money supply and interest rates.for the first time in my life i see the possibility that we may loose our country.the fools that think this will not destroy us are wrong.jules

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Tim Demitor June 2, 2009

I do agree that we are in tough economic times indeed, but don't you think that GM failed not because of the global downturn, but more a symptom of poor management? Ford has not failed, nor do I think it will. I know that this is in stark contrast to what you've said in your presentations/interviews. I'm seeing Chase signs popping up left and right on the front of WM banks. This is not a sign of a bank that is folding up. Not to say that they are not going to fold up in the future, but that future is looking further down the road than I would want to make investment decisions for today. Could it be that treasuries have plunged, sending yields higher because people's appetite for equities risk is increasing. As a tax payer, I don't want to own AIG, Citi, BofA, and least of all Chrysler or GM. I would never buy a GM car because they are junk let alone own stock in the company that produces such junk. They are failing because of mismanagement and an unwillingness to produce cars that consumers actually want. All this is bailout money was the largest heist in World History. Both Republicans(paulson/Goldmansachs/bush) and Democrats(Geithner/Goldmansachs/UAW/Obama) have conspired since the Clinton administration to strip America(you and me) of our hard earned money, all of which we have yet to earn. Power breeds corruption and absolute power IS absolute corruption.

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paisley June 2, 2009

It should be clear to at least a large portion if not the majority of people that accountability for this disaster -implosion can be ascertained if there is a full accounting and transparency by the ( private) federal reserve which makes the laws prints the money decides who gets it, sets interest rates , etc- and has not been audited!! What will it take for people to realize that thr truth will not be printed in mainstream controlled press and boraodasct on tv? Please support Ron Pauls bill HR1207 currently having over 180 co-sponsors in the house - The bill is calling for a full accounting of the federal reserve .We the people must act NOW .Make your elected officials aware of your voice. We havent been completely stripped of our power yet Precious metals, food and intellect will be the only tools we can invest in right now.

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LWest June 2, 2009

It seems to me that the government is growing at a time when 'everybody else' is shrinking. I think that there are private companies 'acting as government affiliates' that will secure some of the bailout monies. These companies will soar in their profit margins. These would be the companies to follow for huge gains, or least 'gov't guaranteed' gains. What are your thoughts? I would like to know.

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John Guptill June 2, 2009

Martin, I lived thru the great depression. You (most of You) have no idea what we went thru. I don't see the light at the end of the tunnel. You are absolutely right in your analysis. I would urge everyone to read your book on the subject. When I was a kid I read the story of the Pied Piper. Today I fear that we have the Pied Piper running our country, and he may be leading us and our children into the River of No Return.

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Gernot June 2, 2009

America will of course survive - unless an asteroid the size of Australia hits the continent right in the middle. Even the USA will likely survive for another hundred years. Yet, things will change in our country - that much is obvious. Things have always changed, sometimes a little, sometimes a lot. Let's take an inventory of the REAL assets of the USA: 1) A huge amount of land, much of it suitable to produce enough food for every citizen in this country. 2) Water, not everywhere enough, but overall enough to quench our thirst and grow our food. The ability to make it clean and safe to drink. 3) A government that can be changed through the will of the people. 4) A military and weapons strong enough to defend us against an invasion. 5) A good educational system. 6) Lots of existing buildings and roads that make it possible to distribute goods and services. Those are the foundations on which we can rebuild what is broken. The biggest danger is not the loss of money, but the loss of patience and the loss of ethics and civility. We have seen it in many other countries: When the going gets tough, people run to extreme political figures who promise them a quick end to their problems, and crime and violence grow.

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Ralph Baxter June 2, 2009

The excess printing of money has to lead to inflation down the road. Hopefully not as bad as Brazil a few years back.

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Warren Taylor June 2, 2009

We are going to inflate our way out of debt. Our debt as a % of gnp is lower than after ww2 or civil war. We have already begun the process of inflating the economy so we will pay back the debt in inflated dollars. Unless there is a collapse (possible but unlikey) we will let inflation go until people scream from pain then tighten credit an choke the economy as Carter did in 1980. The real question is how high will inflation go and maybe how soon.

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carter June 2, 2009

The current volume of "created" money , albeit fiat, is so extensive globally that surely it will continue to improve the economies of the U.S. and China as the citizens spend more by late his year or early next year. The citizens are afraid now and maybe saving a little more now, but there seems to be a zany overriding desire for more luxury, more of what "the Jones" have. Maybe the fiat money will propel an effect of recovery as now seems in play which is stinging me significantly with my gamble for "investment"/gambling in inverse financials, technology, and the S&P. It certainly takes a strong stomach to play the depression/inverse stocks game when realizing the movement upward with all the $ pumping is possibly having some effect.

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Glenn Bultmann June 2, 2009

I believe America will survive but not in its current socialistic form with everyone feeding at the public trough-that will collapse of its own weight as it has every time its been tried in the past. We will have to revert back to an era where you alone are responsible for how well you do-no more free lunches. As Lincoln put it-You cannot help the wage earner by pulling down the wage payer and you cannot keep out of trouble by spending more than you earn, nor can you help the poor by destroying the rich. I believe commodities such as food, oil, and precious metals will all preserve wealth as the dollar finally goes the way of all fiat currencies before it. Currencies of countries with large natural resource components should also do very well.

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Bill June 2, 2009

Though I am not a christian (nor a believer in any religion), I do think there is an uncanny resemblance to what is going on in the world right now with the book of revelation as commented on by someone earlier. Most people are looking at this like it is a US problem, however it is a global problem because the real controllers are global - not national. There is no doubt in my mind that things don't just happen - everything is planned... everything from wars to booms and busts in the economy. The latter being for the purpose of keeping the average individual in a box of slavery where we never have the time or resources to figure out what is really going on and what this life is all about. Most people struggle to get through from week to week and just watch mindless drivel on the TV for "relaxation". Anyway I think mankind has been cheated big time out of what is ours... health, wealth, peace, love, freedom, justice and the opportunity to grow as spiritual beings without hindrance. I do believe we are at the end of this era and many people are waking up to what is wrong with the whole picture of life... there is going to be a showdown... I'm sure that what is right and good will eventually win out but it is going to be an awful rocky few years to get there and many will not survive unless they prepare in every possible way. On that score, I wouldn't like to be the ones on the wrong side of this when the dust settles... by that I mean those that have sucked all the wealth and power to themselves and the perpetrators of the enormous crimes against humanity that have, are and will occur.... that also includes those who serve them - just doing my job won't cut it - there will be real justice in the new age.

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Barry June 2, 2009

For forty years we have understood and known that this was going to be an outcome. No matter how many people we warned few take notice and some still cast aspersions at this truth. Where has all this been revealed , not Naustradamus but the Bible prophecies. This time of chaos and collapse has been long told for our peoples. Look at the chaos in Government and Britain is in the same boat as America.

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Jerry Ingram June 2, 2009

As I read this, my wife is paying our quarterly taxes, and I ask myself "Why". She tells me so we do not got to jail. I agree, but wonder if soon that would not be a better place to be. On another note, I have passed on your advice to family and friends, but is seems many are preprogrammed to follow the advice of their broker. Months ago I told a close friend of mine to just sell his GM stock, take the hit and reinvest his money in gold or ETF's. Well today he is now down the whole $15,000. He sure would have been better off if only he would have payed attention.

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Zhupei Shi June 2, 2009

I like to read your articles which have insights of independent thinking. My guess is the inflation will wipe out debt.

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michael June 2, 2009

We will survive but it will not look like any thing we envsioned when we were growing up. It will look more like what our parents told us about when they were growing up and thats not a problem .....its our children who may have a hard time and become disillusioned. Hopefully, they too will come to realized what is important and what is just fluff!......................................MD

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Klaus June 2, 2009

Well, you have warned us many times, and for the most part, you were absolutely right. As to whether our country can survive? Not if we keep going down this ridiculous path. The global warming hoax is enough to do us in if we allow it to. Our country has lousy management, just like GM had. The only thing that will save us from going down eventually is for people to wake up and elect some real leaders. Stop spending money on foolish things and allow private enterprise to work. Keep the government the hell out of business, it is not capable of doing anything but spend money we don't have, and create money by printing it. God help us.

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frank June 2, 2009

It looks like we elected the chicago gang of six. It looks like a planned conspiracy. There are 2 trillion dollars that are unacounted for. There was a similar event in China were the gang of six tride to overthrow the government were caugth tried and given live sentences.

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Bennie June 2, 2009

What I do not understand is what the impact of printing money out of thin air is. How is it possible that the FED is buying debt with newly printed money ? Is that legal ? Or is there an other instrument which keeps the system in sync , balances this new money ?

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Leslie June 2, 2009

Well it had to happen sooner or later, the piper has to get paid eventually and that time is almost here. It is nice to see that some people saw what was coming and took steps to safeguard their future, but for us working stiffs all we can do is just watch from the sidelines as the Tsunami comes rolling in- god help us !!

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Steve Hitt June 2, 2009

Martin, While I agree with your assessment of the state of this Union and the rough times that lie ahead, as an investor I let the market tell me what it wants to do. Since the end of March, my portfolio has increased 15.4% (12.2% up since 12/31/08) primarily by shorting long term Treasuries, playing the re-inflation trade in commodities (oil and base metals), gold, select alternative energy plays, short term stock breakout trades and certain China trades. I have maintained generally a 30% cash position. If I had followed your instructions I believe my returns would have been negative. I am not optimistic about the future of the economy for several years to come. I am optimistic that an investor can make a decent return whether the market direction is up or down. I just keep some powder dry and watch my basket of eggs VERY closely. November 2010 won't get here soon enough and I sincerely hope the American voter will realize what they did on Nov. 4, 2008 was One Big *** Mistake America!!!

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Ted Bierdeman June 2, 2009

Martin, from reading the first dozen replies to your query, I must have missed something: there were more questions than answers to your concerns. I did surmise the majority of those mails were from people who have not had the experi- ence of living during a depression or even reading of one. The plastic society and genera- tions X & Y and those even younger, such as my great grand children are in for a life time of turmoil. I will address this issue via an e-mail in the next day or so. Cordially, Ted

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Steve Butler June 2, 2009

The loss of GM is the loss of Unions and pension plans across America and the hope of workers around the world to have a better life. The American dream of a good wage and a retirement plan goes by the wayside as one of the last strong holds dies. The underlying demise of the union worker and the ability to raise the scale for worldwide workers has been lost. The money changers have won the battle and the level of America's work force will now have to compete with the world work force. Unless we take drastic action to cure the ill's of America, we are destined to become a second rate country with China producing goods and Europe producing technelogical advances for the world. America has become complacent in this battle and it is just a matter of time before we as a nation discover that we are behind and cannot catch up. These are competive times America, wake up.

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Ed McCann June 2, 2009

Because of the great entitlements debt of USA which is like GM's debt making Her noncompetitive in the world markets. I have three retirement incomes: S.S. , Military,and Carpenters at 72. If the world leaders are thinking about devaluing their currencies would not make the " bail-out money less valuable? So why do people think that an option for USofA. Inflation seems more logical to me. So keeping cash liquid which may devalue doesnt make sence. This cash was to buy real estate at lower prices during the up coming depression. If money inflates, buy/invest in commodies for a hedge makes sence too. SO the BIG Guess is the timing between deflation and inflation. It concerns me that you are asking me for my ideas, because you are the seasoned researchers of the financial web which has been spunned for the last century. Personally I am relative well off in a rural community of 7,500 pop. with 45 low income rentals, no gov subsidies and no vacancies for 12 months. But I need to drop this load of work and play the markets. NO time now. SO I AM A BIT CONFUSED WHERE TO PUT THE cd MONIES, KEEP SAVING OR BUY THINGS, IE. SOME GOLD , MUTUAL FUNDS, PLAY WITH etf, ??? Ed P.S.: Appreciate your insights into the world of finance, and investments which I have not the time to use so far,(Crisis Oppos. ETF Trader).

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Mark June 2, 2009

I AM ALSO LOOSING FAITH IN YOUR COMITMENTS AND SINCERITY. I HAVE ALREADY SENT IN QUESTIONS THAT WERE NOT ANSWERED ... AND YOU HAVE BEEN USING UP MOST OF THE "GUARANTED FULL REFUND" TIME WITHOUT MAKING ANY HEADWAY WITH the Contrarian portfolio WE PAID FOR. WHY ASK FOR INPUT IF YOU DON'T WISH TO RESPOND?

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George Skelton June 2, 2009

As tightly tied to the US economy as is Canada and despite both governments stimuli packages, early indications are that America industry will sink itself into a morass of unrecoverable debt, long before it's northern neighbor succumbs to the same fate. Canada makes do - it has learned ways to do subsist 'without'. For a few years, Canada had to find other ways to sell and export beef after the hoof and mouth scare. For decades after American crude oil and gas came principally from Saudi and Venezuela, Canada's oil exploration and supplies suffered for lack of US shipments to major US refineries. (Self serving Canadian politicians didn't do the countries economic recovery any favors either) But it persevered and recovered. ready for the next 'unservivable' battle!

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Shirley June 2, 2009

I don't know what to expect - keep thinking I shouldn't buy and it keeps going up so--- Sent in for your new program on Saturday and am puzzled as to why I haven't heard a confirmation from you. Was in Elkins, WV on son's computer and we lost electricity twice - am wondering if you received my order?

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I June 2, 2009

I have lost faith in all of the Money institutions in this country. When it goes bad, it's bad all over, everyone lose. I had a substantial amount of money in my 401K and now I have nothing. I will now be putting my money in a safe in my house. Who cares about interest? There is none when it's all gone.

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e carlson June 2, 2009

I don't think Klaus is doing a very good job on stock picking, the last thing people are going to be doing in a market bust is renting tv's or going to the dollar store, both of those stocks sport pretty high pe's. I think you should concentrate on really defensive issues or wait until there is a downturn in the market.In your newsletter a suggestion was made that LINE was a good buy and it has turned into one of my winners. I agree with your view of the market and its lack of foundation but there are basics which people need to survive ie energy and food I would think that easing into such investments would be something to consider. Thanks for your asking for imput E. Carlson

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Elizabeth June 2, 2009

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson. As a founding father, Jefferson saw the establishment of America based on biblical truths.....the down fall of America is due to those in control (be it corporations or government entities) in oposition of those truths. Foreign currencies ie., Australian dollar will benefit from our demise.

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Chris Szigeti June 2, 2009

Hi Martin, Yes I agree with you - our Govt in Australia is doing the same thing and spending like drunken sailors - my concern is also the level of debt. Not just the country but also personal debt level - we all need to take responsibility, pull our horns in and do with less and save more. Reduce our debt all be it dollar by dollar then we can basically "recession Proof " ourselves. Cheers Chris

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Lee Lemos June 2, 2009

Precious metals are always a port in an inflationary storm, but once they rise substatially in anticipation of high inflationlevels, it is too late to invest therein. Once the inflation is eased, or if governments confiscate them as happened once before, their value can retreat as quickly as it advanced; timing is everything.

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James M. Convey June 2, 2009

Sent today to my business network......Greetings Martin. Greetings from Vancouver, Suddenly a lot of pundits are beginning to finally get the message........... Even Martin Weiss is warning of the potential for the demise of America? Those who know me, know I have believed for many many years, that their debt driven economy would ultimately bankrupt their middle class, mortally wound their empire, and force a new definition of the "American Dream" upon their citizenry and politicians! From my point of view this is nothing more than the natural consequence of poor management and fiscal irresponsibility, at any level of enterprise! What continues to amaze me, is that they still seem to generally believe they can buy their way out of this situation? This is nothing more than the continuing folly of ignorant men, and wishful thinking! Self delusion on the part of the Senators and Representatives in Washington, from both political parties! They should all be forced to read (or reread) the "apology of Socrates" so to reinvigorate their sense of honesty, and self awareness as to their lack of wisdom, ("These men of Athens")? No amount of "squirming" is going to recapture that great potential that was once America. That "Shining city on the hill" as President Reagan mused? Hopefully what will eventually emerge is a more chastened America, with less arrogance toward it's neighbors, and a new understanding of the real consequences of personal greed and excess. A new "participant" in the good work, of building a new and better world for all mankind, "a paradise" as envisioned by President Truman. It is so sad when one realizes, that the U.S has had such leaders and dreamers of great dreams, as Lincoln and Roosevelt and Truman and Kennedy and Eisenhower etc; and now O'Bama, and still the arrogance of empire persists within it's body politic. An arrogance that displays itself so frequently, when the "good" men of government try to open a new path to the future, this poison within their system bars the way. These "manifest destiny" thinkers who still insist on the Aristotlean philosophies of elitism to rule their world, which contradiction, in most of scholarly opinion, has been the ultimate downfall of every Empire since the beginning of time! I hope that "common sense" with a more Plato - nic aspiration, becomes the ruling intelligence of the new America. It is time to shut the access doors to government, so easily entered by these fools and parasites, always acting on behalf (lobbying) of elitist, hedonistic and usually "minority" extremist viewpoints, while using verbiage and rhetoric, such as "Americas destiny" and "God's country" to incite divisiveness at all levels of government. These people who use threat and intimidation, as their weapons of choice and never logic, against those who think in a more logical humanist and humane way.... the "common sense" of the will of the people. It is the real intellect of our society. The combined intellectual will of the people is not "stupid"! James M. Convey

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Bennie June 2, 2009

Hummer sold to China ? To me this is a sign the US is in trouble. They also said that it will save thousands of jobs in the US ? Is this how the Obama administration makes the world Greener ?

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richard June 2, 2009

hello Martin thanks for your insight and truthful mails, please tell us about hyperinflation, thanks again richard God Bless

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Chet Lonnquist June 2, 2009

The best days this country has had in the past are definitely behind us. The only 'Americans' that will come out of this will be the 'minorities' and the illegal - as well and the legal - immigrants. The so-called 'white' race has had it and will in no way survive! However, once the above have 'taken over' our country, the country will then completely fall apart under their noses. Why?: Can you imagine how with the overall kind of mentality taking over will fair? Just think about it! We will not even rate as a 'third world' country, for anything left worth confiscating will be confiscated by some other county, (such as China or Arabia). You say you don't believe it? Just wait for another five to ten years at most to pass.

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BILL June 2, 2009

In her statement today DEENA said GOD has nothing to do with the problems in our economy that the people have to work together to solve the problems. I strongly disagree. GOD has blessed this nation since it came into being. I believe that GOD has removed His hand of blessing because of our nation's imorality (hundreds of thousands abortions,same sex marriage issue, the overall decline of morality of the people)we need only to look in the old testament and see how the people were punished when they turned from GOD and how they were blessed when they repented and turned back to GOD. I beleive our country and economy is in for some very hard times.

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Paul Lane June 2, 2009

Dear Martin, I personally want to thank you for your open address to the American people to assist them in understanding the nature of the economic events taking place at this time. You have intelligently chosen a way of communication which is based on common sense and tangible, quantifiable criteria. You also have imbedded in your messages a message for the hearts of people. You have encouraged us all not to give up, self educate, read, be brave, and above be pro-active. This speaks well of you and your family background. You are a blessed man. You have found your calling in life and your God given talent. Keep using it! From my perspective I want to think that the rest of the world can help America to discipline itself. We should be encouraging other people of the Earth who believe in sound money, rule of law, property rights, to speak up against the current US regime and its policies which will greatly inhibit the American peoples economic freedom. We must encourage the Swiss to stand up to the US Treasury with regard to their income tax treaty, we must encourage our Japanese friends to insist that Washington act responsibly. We must do these things until the current generation of Americans are no longer in power. My nepehews generation, he is 27 years old, are the ones we need to run our country. Not these people who were warped in the 60's and 70's. Perhaps we all need to live a little more humbly and certainly within our means. People all over the world have had to do this. Why should we be any different. I encourage you to speak openly about the issues that face us. Simply encouraging people to make the right investment decisions with their capital may not be enough though when those in power are acting in an unconstitutuional manner and reshaping our economy in ways which are very destructive. Can we simply get the world not to buy the US Treasury's debt? For me I own: Silver etfs, Gold (pooled), money markets, Kiwi CDs, Canadian Corporate bonds, Canadian oil company, Allianz Preferred Shares, and I have shorted both the Russel 2000 and the S&P 500. Again thank you for your boldness. God Speed! Paul Camp Lane Mount Dora, Florida

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Jack Enter June 2, 2009

I am old enough to remember the "Carter" years. If you spend more than you have and compensate by printing more... inflation rears its ugly head. The current unwillingness to allow companies and industries to face the results of poor mangement and reckless investing will be the end of the US as we know it. Ask the Japanese how long it took them to recover from their banking crisis. Their government tried the same things... reckless spending massive public works... none of which worked. Only time and discpline in the markets worked.

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Michael A. Campbell June 2, 2009

As a 61-year-old professional with multiple degrees, unemployed for two years, I have gone back to my training (I was in business management and sales for a number of years) and am doing legal research for other attorneys. I'd be practicing bankruptcy law (the only booming area of practice currently) were it not for the fact that I never bothered to get admitted to the bar in my current home state. The research business looked promising for awhile, but now many of my potential customers--small law firms--are going bankrupt themselves. Even when "the economy" has supposedly been healthy, the real unemployment rate has often been at levels unseen many decades ago. Now "the economy" is supposedly in the toilet. I was unemployed and broke before the market crash, and I am unemployed and broke now. Who the heck gives a flying you-know-what how "the economy" is doing when jobs are evaporating or going overseas and the only people being bailed out are the white collar criminal class that created this mess with the help of their hired hands in government? For what it's worth, I'll offer my gratuitous observation on solutions: there is no effective solution possible until the U.S. taxpayers decide to buy their government back from the sleazy corporate interests currently running the show. That will require full public campaign financing. Otherwise, the banks, insurance companies, oil companies, pharmaceutical corporations and evil "geniuses" behind the takeover of the world's agriculture through genetic engineering will continue to make life on this entire planet less and less viable.

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J Harris June 2, 2009

I agree with everything in the Safe Money Report except I'm worried about shorting equities into a hyperinflation scenario where everything goes up in dollar terms just because the dollar goes down in purchasing power. To me, shorting equity indexes is too risky and the better risk-reward profile is to be long gold/silver bullion and commodities and short long-term bonds, while holding some cash. I don't see how interest rates don't go through the roof under either a good or bad economic/stock market scenarios because the bond market will sell off due to global sector rotation back into stocks/hard assets. America is flat broke at all levels, and I also fall into the "we're seriously screwed" camp. Better to get the collapse over with and re-build with true capitalism not money printing.

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Scott June 2, 2009

I feel that rising interest rates will adversely affect all business and individuals in this country. Not only will it increase the cost of borrowing, but it will have a huge, detrimenatal effect on the economy. This will have a negative impact on U.S. investments. Money printing out of thin air will lead to hyper inflation down the road. In essence, this is a tax on each American and will destroy the U.S. dollar. My investments will be in foreign stocks, inverse long term bond ETFs, commodities, precious metals, U.S. stock market EFFs and inverse ETFs.

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Joelle Verbeke June 2, 2009

How can I protect my dollar (cash). I have some gold and silver, oil stocks (BP, XOM), Potash , JA Solar, Tata Motors, Osiris, Intuitive Surgical, PST and SRS inverse ETFs. What more can I do? Thanks, Joelle

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Chet June 2, 2009

The best days this country has had in the past are definitely behind us. The only ‘Americans’ that will come out of this will be the ‘minorities’ and the illegal - as well and the legal - immigrants. The so-called ‘white’ race has had it and will in no way survive! However, once the above have ‘taken over’ our country, the country will then completely fall apart under their noses. Why?: Can you imagine how with the overall kind of mentality taking over will fair? Just think about it! We will not even rate as a ‘third world’ country, for anything left worth confiscating will be confiscated by some other county, (such as China or Arabia). You say you don’t believe it? Just wait for another five to ten years at most to pass.

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Anthony Flannery June 2, 2009

i just read an article that makes since to me . why gm can't start building high speed trains it would put millions back to work cars are going to be obsolite in just a few years example, i live in naples fl. most people who work here live in or around ft. myers they commute everyday average mileage is 20 to 45 miles they are now making I75 into 6 lanes my question is why not a high speed rail in the middle of I75 one day soon & it's almost there now it will all be a huge metro city why waste so much money on roads i lived in cincinnati & took a bus to work had to change onto another bus in downtown still i clocked in at the same time everyday travel time was a total of 35 minuties

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Chris June 2, 2009

I worry that Wall Street Types are advising the President and his team is not going to listen to independent researchers with the wisdom and experience that comes from not being in that crowd. I worry the govt's debt is going to blow out the value of the dollar (even though I know this has been done before and that this will be done again should we stick to fiat currencies. I worry there will be a currency crisis even though I understand what and why the govt thinks it is doing the right thing. As you have said before this debases anyone who lends their money to a corp or govt. I worry that the people of America do not understand these things and are not educated in our public school systems to "get" this. They apparently are mostly consumers and not builders of wealth. I worry that the Chinese manufacturers are even bigger idiots than our govt officials and we are selling our companies to them where they will substitute inferior materials or toxic ones because of their greed. And I worry that the renimbi is getting stronger and is now being shoved onto the world stage to be the world currency. I don't trust them one bit for anything even though I understand your recommendations to buy their markets and individual companies. I ab"soul"utely will not buy chinese if I can possible help it. They are not ready for the world stage and have fooled even you and your team (in my humble opinion) which doesn't preclude, however, building wealth through their markets but... I believe GM will be run into the ground eventually by following the president's edicts and the whims of the unions. Good luck to them. I believe their are new auto cos replacing this one as it eventually becomes a bit player. Tesla motors and Fisker Automotive and others will emerge as the car companies to watch eventually.

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Ken June 2, 2009

Pimco is tell the instutional investors to place part of their portfolio in tips. They believe the coming inflation will provide solid returns on the tips. Ken

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Michael Zirbes June 2, 2009

Martin, if the dollar is devaluded what will that mean for our short term treasury bills, will they be as well? Mike Zirbes

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BTL1915 June 2, 2009

Our standard of living is starting to change as fast as technology. Our government is making sure of that. They are literally stealing our property and time via taxation without representation and the continuously increasing amount of political regulation for whatever "crisis" pops up. Politics offers attractive solutions, they disregard the economic trade-offs. Ultimately, the public ends up paying as taxpayers for things that they would not have chosen to pay for as consumers. The politicians are the winners and self-determination dies! As per the WSJ: It’s time to create an Economic Growth Code whose purpose is to fix and grow the economy, not redistribute massive amounts of wealth. A new tax code that creates growth and reforms our entitlement system is the only way to dig our way out of the hole. We cannot live under this mountain of debt for political purpose. When will our elected representatives start doing the RIGHT thing versus following party politics to maintain power? I think we know the answer...

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Wayne Shipley June 2, 2009

I subscribed to your Million Dollar Contrainian Fund and I realize patience is a virtue, but I am starting to question the validity of the strategy. I don't know, thats why I am relying on Money and Markets! You predicted the dramatic fall in the market and I did move part of my money into T-bills and I thank you for that. To respond to your questions, I do believe that the United States will survive if we unite relying on values that made ours an economic powerhouse that the world envies, not a third world debtor country. How can we survive with the interference of elected officials who have no understanding of economics, financial guru's who are motivated by greed and an uneducated electorate who keeps voting these bozo's into office. We have an administration who's true agenda is not saving our free market systey, but to destroy it. All that said, I believe we are truly at a crossroads economically, socially and morally and I have to believe "the silent majority" will finally return our country to sanity. Let hope and pray for that return!

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Michael June 2, 2009

What is the forecast total world wide borrowing, over the next year, of Countries, Local Governments, Companies, Institutions, Individuals, etc etc.? What is the total forecast world wide savings over the same period? The answer to these two questions seems to me critical, and has enormous implications should there be a great divergence. Why will no one address this question? Best regards, Michael.

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Harry Coambes June 2, 2009

Martin, I have about 25% of my portfolio short on the dow, financials etc., There is no way that we can absorb all of this new debt and funny money and not have a melt down. The laws of supply and demand will not be denied. Also, when anything becomes to plentiful, it decreases in value, it makes no difference if it is dollars, wheat, oil, etc. Given this picture, I am holding my positions, I expect the market to speak shortly and we will see this insantity reap its reward. Thanks, for your data, and perspectitive. I appreciate your and your peoples work. Harry Coambes, Owner, Harmac Trading.

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Ken June 2, 2009

Still afraid to go in the water. Currently planning to invest in T-bills on a rotational (13 week) basis to lock in current rates and be ready to re-invest at higher rates. I'm anticipating that rates will go up bringing a larger return on each rotation. IT'S SAFE!

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jssidhoo June 2, 2009

The USA has become the economic superpower that it is in the last 100 odd yrs as it has been selling to world what the world needed autos , oil , computers& weapons.Today the demand for these has gone down & u r no longer the high quality supplier for these products. OIL u dont have . So what is the way forward for the US ? In my humble opinion it is invention , the US is where most of the inventions have taken place. I feel if the US concentrated on alternative forms of energy & developed and sold technology ,eqpt etc to the world u would slove your own problems plus help the rest of us .We all know there is a stong oil lobby in the US but OIL is not the way foward for u as u dont have it.

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Len Scrudato June 2, 2009

America, survive we will. However, it can take another generation or so before we once again thrive. The social experiments being thrust upon us as the solution to recession and the profligate, cheap money of the recent past will need to run their course. Rising interest rates may improve investment income for me, but most likely will not compensate for higher living cost and taxes soon to be endured. I expext to stay prudently hedged in some securities that represent hard assets and economies growing faster than underlying inflation.

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B.A June 2, 2009

It is indeed a sad state of affairs! However I believe we will endure and come out better than before. As far as pseudo symbols of wealth and prestige are concerned we will suffer great losses but therein lies my optimism. The nonsensical path that we have been on since God only knows how long, has to and will end. Now I will leave that to much smarter people to forcast when, but all I know is that time and price are the ultimate medicine that this debt disease requires to heal. After that eventual painful process is allowed to finally run its course in place of the drugs of debasement and manipulation now being used to just mask the symptoms of our debt disease, we will reclaim our true American spirit and we will rise like a phoenix from the ashes. We went into this mess as the land of entitlement and we will come out reclaiming our true identity as the land of opportunity.

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Andrew June 2, 2009

Yes,we will survive...three more years.

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Marc L B June 2, 2009

It's almost time to short the stock market again. This sell down was intentional by the wallstreet crooks. They got control of all the stock again by scaring many into selling the lows. The inventory is boxed up now. Longs defended the 200 ema today and will continue to push prices up if they feel that the shorts have not surrendered. Most of the overhang is gone so the longs will continue to bid up prices to try to get new longs to come in. Be aware, this can crater as soon as the longs are done distributing. They will then keep bidding and selling more to establish a short position and will then reverse. Then one day the bad news will start every day. They do one thing, lie, cheat and steal.

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John K. Condon June 2, 2009

Precious metals, mining stocks, copper cos, silver and gold mining cos, deep water oil/gas drilling cos, with the US dollar being destroyed by high inflationary interests, one must be diligen to invest in assets which are positively influenced by a world in financial meltdown.

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Frank P Backe June 2, 2009

The market looks like being disconnected from our economy. The ups and downs over the past 5 months did not follow a pattern...like good news "up" and bad news "down" ! the situation looks like manipulation. I do not believe the market is the place for retirement investments anymore. As long as the life insurance companies are able to work without government interference this might be a place with good and steady return.

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Adrian Shiner June 2, 2009

It is interesting to look historically (1400's) at how China has treated countries that are beholden to it. The USA is now in the same position with regard to China. I just hope that some crazy US politicians do not come to the conclusion that the only way to remove the "China problem" is to go for war. Who ever came up with the idea that "service industries and offshoreing production" can replace making things where they are needed in a sustainable manner was a damned fool. So were those that believed him or her. It is time to wake up and do some real industrial activity...making tangible things that people need and adding real value. Meanwhile I am despairing of the idiots that we call a government here in the UK..... they are leading us down a similar path to that of the USA.

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Ed McCann June 2, 2009

This has been interesting reading. Ed

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Robert Bullard June 2, 2009

Why is the administration unable to see that bailouts will not succeed? If Companies and Institutions are in bankruptcy they are under supervision of a Bankruptcy Judge who has the knowledge and experience needed to guide them. I shudder to think what will happen to them under the control of administration amatuers.

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DAN TILFORD June 2, 2009

Dr. Weiss, Argentina, Brazil, Paraguay, Uruguay all have had many expansions of cr. backed by nothing except good intentiions. Products needed by the world are what we don't provide here in the USA and now we're changing the laws of our land for the expediency of the left, to make sure that we become a third world country. Poor people are easier to govern if they first have to line up for the government dole. Our cost of government thru the weakening of our currency and the high taxation rate of our achievers guarantees our becoming a welfare state led by countries capable of leading the world in achievements such as science, math, medicine and freedom.

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Anthony June 2, 2009

Martin: I am slightly angry with you and it is nothing personal at all I want you to know. But to not put often in you M and M comments that holding inverse ETFs (both 1 X and 2X) is very damaging in the long run was remiss. Even if a person holds them through flat markets they erode in value. Also there was not enough comments about why this stock market was rallying in face of terrible underlying fundamentals in the economy. I think it would have been better for you to say "Let's get out of these now because altho my reasons are correct it is not good to fight the printing presses of the world's central banks." I think that the Fed is more powerful than supply and demand forces. Sorry to say. However, I still will read your column and heed your advice with a little more restraint. Thank you

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James Martin June 2, 2009

I just sold my stocks and ETF funds,over a million dollars.I have a lot of cash and not sure what to do with it. I'm 68 years old and retired.I think GOLD, GOLD FUNDS and foreign ETF ,EWZ, FXI, INP, EWY. PGJ look like good investment to me. What do you think? I'm not at all sure what I should be doing.It looks to me like the hole US market is in big trouble.

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Richard Ray Shreve, Ph.D. June 2, 2009

MW: My nick name for you is: "The Bear of Jupiter". On many details you have been on target, some of which are indeed scary. I am concerned as a working retiree with 3 state/federal pensions plus being employed full time. My annuity investments have shrunk to less than a 1/2 mil and one: GenWorth makes it extremely difficult to manipulate the funds positioned in a variable annuity. NEVER use GenWorth for anything as they are a bunch of unethical business people. What to do? well I can keep on working until I know not when, but there is no ultimate guarantee on the existence of any job. A complete collapse of our society and the odds, while small, are not zero would call for some drastic physical action on my part. I am mentally prepared to do what has to be done to protect a spouse and perhaps some of my grown children. Please continue to present real data that can be used as a decision base. Can assets be gathered in any other way? Metals? What is the best site overseaa...New Zeeland? So many questions, so little time. I do think inflation will finally rear its head when people stop their short term saving rates so please monitor that function. Thank you for your presentation, RR$, Boynton Beach, FL

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Sastri June 2, 2009

What is good for GM is good for America. If bankruptcy is good for GM, so it is for America. America was once the largest creditor and today is the largest debtor. In my younger days countries like India would pay visit to Washington, Geneva, London with a begging bowl. Now it is the turn of once mighty US to go to China. Let us not assume that Chinese have nowhere to invest or lend but us. This transformation has occurred in just 30 years. Unless USA reverses its trade deficit and budget deficit into surpluses, it is inevitable that there is a decline in the standard of living of US, with a significant fall in the value of US currency, possibility of defaults (like many Latin American and African countries).

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TOM KELLNER June 2, 2009

Martin, OBAMA, AND THE 40 THIEVES... I have purchased your services, as well as several other. In the last 4 months, I have spent nearly $10K on expert advise... and so far I am up a little in gold but losses in everything else. I consider you and Claus to be among the best, and I work with several other professionals who have outstanding track records. Yet, thus far I am riding losses, and suffering the sleepless nights that go with being on the wrong side of the market. I have conviced myself that you are correct and have held on to all of my positions, however we are very close to stopping out if the market goes any higher. Klaus himself is at the same point with a line in the sand. I am not sure if it is my imagination... but it seems obvious to me that the markets are being seriously manipulated..Other services openly discuss this possibility... Yesterday in the midst of what should have been a dire day... the market shot up and stayed up 200+ points... You could see the market was not even breathing... it was very manipulated looking and had very little swing or breath to it. Every bit of news that comes out, which is really negative, is portrayed as positive, and the market jumps!!! "LESS WORSE THEN EXPECTED" IS THE MANTRA Again, fundementally I think you are right... but the reality to this point is that you have been wrong... as those of us who have followed are suffering.. Other advisors have gone as far as to state that they know the markets are rigged, but are okay with it... as long as they can see it... These clowns in Washington are desperate politicians, and we all know that politicians are all or nearly all crooks. They are fully capable of using every trick in the book to make themselves appear right and in control.. I believe the desperation of these people needs to be filtered into your thinking in a more obvious way.. LIKE GEITNER TELLING THE CHINESE THERE MONEY IS SAFE AND BEING LAUGHED AT. In the end... I believe in the markets... however these jerks are doing tremendeous damage... and will continue to do so... unless they are stopped, or caught being the unlawful manipulators they are. OBAMA AND THE 40 THIEVES... THESE ARE A BUNCH OF DESPERATE AND DANGEROUS PEOPLE...... IF WE ARE GOING TO DO BUSINESS WITH THEM... WE NEED TO KNOW IT.

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luis claro June 2, 2009

Dear Martin. Timing the market will be quite difficult under this world circuntances where all central banks are trying to mantain the wealth (or feeling of wealth ) ASAP and as long as they can. My vision is that for political reasons we will devaluate currencies in USA ,Europe and some others countries. This is the way the market will pay the bill in first step. So, I recomend to study serious and conservative economies based in basic ( soft commodities ) natural resourses . Study wich best countries would mantain balance of trade and balance of payment under pressure circunstances. Gold and energy should be a good hedge for long term. In gold i recomend to select also some Juniors companies ( less liquid ) but with no risk of operatión and very poorly valued in compare to very big gold companies that will accumulate lot of cash to by some junior ones in order to increase the value of the stock based on reserves. In energy ( and/or, currency ?¿ ) should we study companies or countries ( and their currencies ) to bid ? ( From Rusia to Emirats ? ). Anny way hidro-electric suppliers will improve in yield if oil continue their rally . Martin what is your feeling of Brasil, Russia and Korea economies and currencies ? Best regards

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Scott Whipps June 2, 2009

It is likely that real value will remain with Governments/currencies that do not 'print' money from thin air. However, best bet is on precious metals, since gold and silver can be an exchange commodity that is relatively fixed and stable. Being paid in dollars may be a thing of the past sooner than we think. Scott Whipps

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bob pust June 2, 2009

will run away inflation take real estate with it as it did during the Carter years? Thanks, bpust

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Johan June 2, 2009

There are so many posts and I have not gone through all of them but one thing I would like everyone to keep in mind is that even though Martin would love a repeat of his father’s success and most of us with him there might be significant differences this time round with all the manipulation etc. My point being your predictions need to be well thought through and honest people are putting their hard earned money behind you and your team’s vision.

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Anthony June 2, 2009

It's all a big poker game now as the USA tries to bluff it's way through as it has done so many times in the past. It has the deepest pockets at the table (for now). Will it work? I don't know but it sure is getting interesting. The good side of all this is that foreigners have not been able to buy U.S. Companies at fire sale prices because the U.S. Government has tied up most of the major U.S. companies that are in financial trouble. I'm trading currency and looking into entering new businesses with low overhead which I believe will be replacing the top heavy companies in certain industries of the former 20th century. Martin please let me know if I can be of help to your organization in any way. I'd like to repay some of the great long term advice you have given. Anthony DiChiara, Newport Beach, California

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Don June 2, 2009

Martin, Thanks for your advice. This was caused by the banking and financial lobbyists in getting rid of the safeguards and the CDO's and CDS's came about. The politicians we elected are self serving and seem to care less about our wishes, with the exception of a few... The president is spending taxpayer funds like water. Imagine flying to Vegas to support a fellow politician then on to California to a $30,000.00 a plate dinner to discuss our nation being broke. Think of the cost to the taxpayers to do this. There is no concern for being frugal and saving taxpayer funds. The new leader is sinking the ship and apparently is a true narcissist striving to rule the world !!! ...........retired

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vijay patel June 2, 2009

Martin, Do you think it is good tome to buy DXD. ultra shot Dow. Please advise. Thanks

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William Bedinghaus June 2, 2009

Martin, I believe precious metals will seriously outperform US stocks, international stocks and world currencies in the coming years. Global equity markets and the world's major currencies are all realing from the same devastation and it will probably take years to undo the destruction. As is generally the case, there will be some exceptions; some individual companies will profit dramatically, perhaps some even more so than precious metals, however, I believe precious metals and in particular, gold, provides the best chance of overall greatest gains within the broader investment categories you've named. The only thing I don't understand is your most current buy recommendation. I had FDO when I bought your book. In it, you said sell stocks now, before it's too late. I did and now just a few short weeks later, you're telling me to buy the same stock you just told me to sell. Did you mean it when you said sell it or do you mean it now when you say buy it? I want to believe and stick with you, but you're making it hard with flip-flops like this.

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Dave June 2, 2009

I look at the bigger picture and see the housing market being stagnant for the foreseeable future. I see the next batch of vacant homes coming from bankrupt baby boomers by the thousands. I see total collapse of the dollar and a very deep depression preceded by and accompanied by riots and total civil unrest for food and survival goods within a year. U.S. jobs are gone with the era we sent them. We can not survive selling information to each other. We are going to have to start over. It will be very difficult and allot won't make it. We will be vulnerable to attack from many and they will. We simply can't sustain the economy, the entitlements, the new healthcare, the bailouts, the unemployed and all the other places we've thrown money with the thought process of giving stimulis to the poor and taxing the wealthy businesses. That is a recipe for total collapse. Personally, as a former businessman myself, if a company is so stupid to rack up the debt that GM did without stopping sooner to fix the problem, then I say, let them fail like any other business who is out of control!

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Plinio A. Iglesias June 2, 2009

It will be a sudden and total colapse in some 36 months

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Bob Richardson June 2, 2009

I love Robert Bullards phrase :Administration Amatuers" and believe that's the answer in a nutshell !!!! Let's get some REAL PEOPLE in office Some Patriotic knowlegable Americans that give a D_ _ _ about OUR NATION !!! Take the checkbook away from Mr.Change or thats all that will be left is small change. (I approve this message) RSR

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Paul June 2, 2009

I am currently investing in Dryfus China and Malaisa funds, which are doing well at this time, in addition to gold (GLD). It appears that the market (and world) are swallowing everything they hear coming from Obama; everytime he speaks, the market goes up. Until reality sets in, I can't take a bearish stance. As far as the United States future is concerned, nowhere in Biblical prophecy is there any mention or alluding to a force or kingdom across the sea, as it probably would if the western world played a part in the end times. My conclusion is that the United States will not be a force to be reckoned with. According to Mr. Obama, we are no longer a Christian nation. Do you think God is listening?

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Bud T June 2, 2009

Q. Will America survive? A. In some form, yes. But not as has been up to now. Just how it will change will be influenced by gatherings of the strongest voices. Strength is in numbers.. people getting together with one accord. When enough pain is engendered, groups will form to press their own agendas and alter the course of government. It is impossible to be more specific today, but your advice and observations, Martin Weiss, are as good as can be had in this day and age. You are uniquely qualified to be the man of the hour. Thank heavens for your compassion and background, and the influence of your father. May the Creator have mercy on us for what we have done to ourselves, our progeny, and this once-great country. We have only our own generation to blame for letting it go this far. Q. How do YOU feel rising interest rates and record-shattering money-printing will impact your income and investments in the weeks ahead? A. Those are bound to impact everything, and in ways we can scarcely comprehend at this juncture. There is no doubt that pay-back will involve a "tumbling down", a "crashing", in many aspects of our economy. A major change to a new and different, credible, economy is the only thing that can come of our past and present course. The specifics of how this will happen comes more from your lips, Martin, than can possibly come from any less knowledgeable source. Those who have the background, and then the logic, to understand what they see around them, and the fortitude to go against the prevaling ignorance, will survive in the best possible fashion. The rest of us will survive, or not, as best we can as we live through actual events that will surely happen to the rest of us, as hapless as we are in the face of the unthinkable. Those who can take your advice will come out as well as it is possible with all things financial disolving and morphing around us. My investments are in Silver. I believe this to be the "common man's survival medium of exchange". I do not care, beyond that, whether the price is up or down as compared to USD. I only care how the value is compared to food and other essentials. Q. Which investments do you expect to spin off substantial profits next? Select U.S. stocks? Foreign stocks? Currencies? Precious metals? A. Martin, I can only turn to you for those answers, insofar as I can understand and make sense of what is offered. My own opinion is logical for what I know, but not nearly as logical and knowledgeable as yours. My opinion is that essential commodities will remain dear while most all else declines in value. I am not sure just how far one can take the idea (or principle) that "by definition, when one currency declines there is a bull market in another". Therefore I am afraid of currencies. Is it not possible that virtually ALL currencies can decline in value at one time? That I do not know. I do know that people WILL trade in whatever has credibility. Of course, GOLD and SILVER (of which I own all I can, but that is a very small amount ) seem to be the utopian commodities of the ages. Oil seems destined to become much more precious for years to come. Other essentials (grains and other foods, shelter items, self defense items, etc.) - essentials - will always be in demand, but buyers may not have the assets to buy. Barter time is coming. Owning commodties via ETFs scares me for the same reason as it scares another writer on this blog. The reason these "paper assets" scare me is that I doubt if we can completely trust anything that resides in the hands of commercial accounts (brokers, banks, etc.). Why would be believe that brokers.. or the US government.. will pay off when we make our demands? Ah, yes, we can think in terms of disaster, but can we think out the full length of sound logic? What is the likely end game to this disaster? We must still eat, drink, find shelter, and defend. We do not and will not know which day is the last for normal commerce until it happens. That said, there will continue to be tremendous profits in esseential commodities.. and some companies stocks.. and perhaps some currencies.. until suddenly it will be (unanounced in advance).. game over. Who will care to pay their debts when disaster is upon them? Not brokers or banks.. or Obama. Can we depend on foreigners to pay when we are powerless to coerce them? God bless you Dr. Martin Weiss. We all owe you a tremendous debt of gratitude for the knowledge that you have been compelled by your humanity to share with us. When God allows us to have a problem (which we ourselves create, of course) he always raises up good people to lead the way toward the light. Then it is up to us to have the grace and smarts to follow. Please lead on. Bud T Jax, FL

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John June 2, 2009

The world trade and the world economy is slowing dramatically - people will always need food, water, money, and energy to survive in a modern world. Currencies are traded in pairs - there is always a "bull market" for smart investors. Agriculture etf's for future food and water crisis events yet to appear, and commodities that deal with raw materials (some level of global inflation is already built-in) of production. If worldwide hyper-inflation breaks out then the last standing will be governments, big business and unions. Since there debt will be wiped out by the process. Investments in stocks of key protected industries in and outside the US will be required to survive the next ten years.

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J. Herbik June 2, 2009

When the government puts the tools of production in the hands of the workers / unions Then it is not socialism it is COMMUNISM and it is failed system and we are doomed unless this Washington Central Committie is disbanded or removed!!!

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Lawrence Heath June 2, 2009

Dear Dr. Weiss: First of all,thank you. Because of reading your commentary I had sense enough last Sept. to leave the stock market with only minimal loss. Your article of last Dec 1st which flatly called the economic situation a "depression" was also a sad,significant milestone. Now exactly 6 months to the day after that article another even sadder milestone-GM is bankrupt! I am a 55 year old "retired" man.(Read that UNEMPLOYED.) I started my IRA in 1981. One of my biggest fears is that my IRA funds will be lost in the coming economic catastophe. How can I get my IRA overseas into an IRS compatible vehicle? Should I be thinking this way? Having been on the sidelines for nearly 9 months, watching the worsening situation, I frankly don't know what to do. How I wish I could have afforded subscription to your contrarian advisory! What God- awful milestone will the US be facing in another 6 months?! Lawrence Heath

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Will June 2, 2009

I think that many Americans have learned a valuable lesson in recent months that excess debt and greed can be costly and will catch up with many of us. We need to stay humble, flexible and educated about how this money thing works. We must remember that no body can predict the future with 100% accuracy and that no matter how poorly our government fashions a response plan to the woes we face, people will continue to find this free market system, and the U.S. is still as good as it gets!

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Frank Barnard June 2, 2009

Yes - the wealth of America will continue to be distributed, and with great speed to powerful people in high places and to various nations until America is decimated! - bankrupt! For that is the plan. It's intentional. The powerful hidden force of the Conspiracy (which we've smuggly denied so many times), having come this far, is in full swing now to take control of what's left of our country's wealth and power and transfer it to their one-world headquarters - the godless United Nations! We are not organized against it. We've lived our luxurious lives as careless, proud "useful-idiots". So, once there - surprise! We and our country will lose all we have left and become their ponds!

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Michael J Brook June 2, 2009

Because it is not their money, politicians of all creeds feel much the same that 'you can always get out by paying' or perhaps it should be printing? And in the end that is probably correct. 'Money' will always recover - whilst ever there is something like the human race in existence to need it. The point now though maybe that the human race through its 'out of control economy' has signed its own death warrant? In which case Mr Weiss, you has better return my money.

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DieselBoatMan June 2, 2009

There are many challenging/scary things going on out there, but two strike me as the most important. 1- inflation is best defined as too much money chasing too few goods. M1 and M2 are on near vertical climbs, and most companies are/have been reducing inventory (Chrysler is a very recent example). The government and the traditional media talking heads will be the last to discuss the tidal wave of potential inflation that is coming our way, each having their reasons. The media because they are so bought into BHO that they wouldn't say poop even if they had a mouthful of it, and besides, most of them are simply reading the scripts that they've been given, much like BHO. Within 18 months on the outside, we will be beaten up severely by inflation, and there is little that we can do besides either getting on the sidelines, or buying inverse investment vehicles. 2)Bigger and more scary is the surge by elitist politicians worldwide to establish a world government. Flow out the logic of "global warming" to see what the only and ultimate solution must be to stop "man's" self destruction (hint: it's world government). It's not about money, it's about power, pure power. Stop for a moment to think about the stories that we are being sold to combat global warming and polution, and who is serving up the stories. Al Gore, BHO, UN members (very recently). Oh, and by the way, the form of government won't be modeled after the good ole USA's form of government. Nope, not a chance. It'll be hard core communism even though Reagan supposedly and singlehandedly ended communism. I'm sure that it warmed the hearts of every hard core leftist when they figured out that we'd convinced ourselves that communism was dead. Make a pile of dough now, find a place to park it safely, and brace yourselves for the next wave of lunacy that's already out of the gate. Beware out there. DieselBoatMan

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Roland Ledet June 2, 2009

I agree totally, I have seen this coming for a long time. Everybody just simply wants to live beyond their means. The question is: What can we do about except bitch and gripe, the next election is almost 4 years off and by that time we will be down the tube!!1

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Jo Ann June 2, 2009

We've followed Martin and Larry for years. Even read his "Survival" book. Hope he continues to be spot on. We've taken his advice and have moved most cash to American Century Preservation Funds. Yes, God Bless Us one and all. Younger folks like my youngest son feel it's over-reacting to make such a change. We'll have to see, won't we?

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LARRY J June 2, 2009

Alot of people out there today on the blog including me tend on holding "cash" as an alternative or contrarian investment. I have a stupid question. What if the united states of america loses it's reserve currency status and suffers a complete currency devaluation? Will "holding cash" really help us? I think it will bury us. Make sure to copy this blog entry with an "open date" of let's say 3 years from now. Til then.

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John Orr June 2, 2009

Hello Martin So where is all this leading us, is the whole world going to fall apart? Will unemployment be 20%, 50%+? Are we doomed? Will the end of mortgages come? Should we buy, for example, a caravan/mobile home as survival with any cash we have now while companies are still producing? Is there light ahead, even if we follow your advice will the rest of the world be there to spend our profits? If renewable energy has no chance in catching up before we run out of oil, the whole situation looks bad... What do you recommend? Look forward to your comments. Yours sincerely John Orr Many thanks

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Gurramkonda N. Naidu June 2, 2009

Hi Martin, I agree with you on long-term consequences of Monetary Explosion. However, the short-to-intermediate impact is money velocity and liquidity flow. Remember that monetary arteries are gradually unclogged. TED spread is way down. Just like rising river lifts all boats, all assets will go up in the near term. This is my personal thinking. Naidu

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Terry June 2, 2009

These are indeed scary times. The failure of GM represents the spiritual failure of the people of this country. We (the people of this country) no longer have the integrity, honesty, and moral compass (God's divine principals in our hearts) to fall back on. God makes war on the arrogant, but gives grace to the humble. We as a nation are getting humbled by God because of our arrogance against him. This is very evident by the type of President that we the people elected. We will survive this down turn, but not without a lot of pain and adjustment. My recomendation to my friends is to pay off as much debt as you can-ie your home, car,etc. Sell anything that you don't really need in order to create liquidity. Cash will be king. I would also do the following: 1. Own some gold coins in order to trade and barter with. 2. Own a good selection of good dividend paying stocks such as gas and electric utilities. We will need basic services regardless of what happens. 3. Develop a skill that would perhaps allow you to do a service for others-this allows you to trade and barter better. 4. Watch for opportunities in the stock market. There will be plenty. The Dow 30 industrial stocks represent the best value for most folks right now. If you can afford to buy an equal number of shares in all 30 then do so. They have not been this cheap in a long time. Five years from now you will be well rewarded. 5. Consider moving to a small town if you do not live in one already. In a small town, people help look after one another and all of us have skills that we can use to provide a service to our neighbor.

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John June 2, 2009

Martin, America will survive thanks to people like you.

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political junky4 June 2, 2009

This country is doomed to go bankrupt. It will take five years or so but it WILL go under. The Dems have never been known to handle any economic problems well. I don't think any of them have understood Econ 101. Read Thomas Sowell's new book "The Housing Boom and Bust". It is too bad that we have newbe's at the top. Pres. Obama is nothing but a Comm. organizer, never ran a business. We have a tax cheat,Tim Geithner at the helm. Does anyone know what they are doing. Either they know and are trying to bankrupt us or they are plain stupid and trying anything.

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Sam Hashizu June 2, 2009

What clues, not if, can we look for that signals the onslaught of hyperinflation akin to what Germany exerienced in the past and what Zimbabwe is experiencing now.

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Stan June 2, 2009

Inflation or deflation? I am confused . I hear the view that all this money printing will lead to inflation. I hear the opposing view that the economy has shrunk so much that all the new currency printed is insufficient to keep up with what has been sucked out and that we are facing deflation. The first scenario leads to commodity price increase, the latter to decrease. Help!

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Seth June 2, 2009

We all hate to be regulated but how can we put billions of dollars on a desk and expect everyone to be fair in taking a few? I think capitalism has failed woefully. It is wrong to point fingures at this point but I will blame Reagan and and Alan Greenspan for this mess. Obama is just a scapegoat in this episode. Capitalism without regulations is like boxing without rules, anybody can hit below belt. This problems started from the 1990's when derivatives showed it's face - it was a very creative concept which the greedy ones wanted the government to take its hands-off so they can amass wealth. And because none in gov't understood the concept, they didn't bother heeding to the warning signs that kept surfacing and now the innocent is becoming the culprit. Good luck to us all!

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Robert June 2, 2009

At the age of 60, I've never in my own life seen a time of more darkness and chaos. I read the negative taunts about the so-called "conspiracy theorists" while having also read as closely as possible on the other side of all of these various mindsets and arguments which seem to challenge each other as much as those opinions that I've read from the more traditional sides of matters. I feel grievously concerned with the implications of all that I've read to date concerning this new "Amero" currency along with the ensuing NAU (North American Union) that is said to be in the frighteningly near future. I make no claims to having "the answer" to anything these days. I fervently believe that there has been (and remains) a great deal of "disinformation" which is being carefully disseminated throughout all that is happening around us currently. I fervently believe as well that there are dark forces at work in all that is happening around us presently, and that the implications of those forces are far too little understood by too many; a woefully sad thing indeed. With everything in me, I wish that I could find some sign or symbol of real and meaningful hope for the continuation of this nation as we've all known it to now, but for the life of me I simply do not. And I hope above all things that at some future time, I will remain long enough to find that "things are never as bad as they seem", and that in the end it will be the good which prevails.

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Bernie UK June 2, 2009

Since the crash I have been investing in companies that produce things that are essential to industries to manufacture. ie. minerals and fuel. I have trebled my stock value in the last 8 months. I still feel that when the turnaround arrives I can still double the returns on these stocks. there is always an opening if you look for it. Seek and ye shall find!

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William P. Estes June 2, 2009

The cental portion of the USA has been carrying the East and West coast for too long. New York has long been nothing but a user and never a producer of anything. New York takes our money and our production and decides who gets it and for how much. The central states of America could produce all the energy and food needed if it did not have to make a living for the leaches that sit in their offices skim all the cream off the milk. The break-up of the USA is long over due. Let's down size the country and let the people that work for what they have alone.

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Dr. John H. Painter June 2, 2009

Martin - It's like you've said, before. We've got to see the bottom, before we can climb out of this hole that has been dug for us. Never again will America trust its government, ... and maybe not Wall Street, either. Of course there will be a chance, soon, to get some good buys on bonds, but that's for the longer term. What about short term, and growth. And, there are Inverse ETFs, but that's risky, also. So, the immediate question I see is, "Will the deflation of a descending economy offset the inflation of the government's printing of currency out of thin air?" What do you say?

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fred r. tuerpe' June 2, 2009

Ladies and Gentlemen: So as not to bore you with the specifics of my personal situation, I have just one question for Martin, who is the one person that I follow most closely, even though Lary E, Tony S., Mike L and Sean B are all very capable annalysts and advisors. I subscribe to every service you offer, including the Contrarian account, which is managed by Claus Vogt. I really admire Claus and the methods he uses to reach conclusions of market direction, etc., and have tailored my account to reflect all of his reco's. Here's the question: In Martin's opinion, is this truly a bear market rallye? Should I hold about eight (8) inverse ETF's, countless put options on the Diamond Trust, expiring in Sept. and Dec. , 2009, or should I proceed to sell all and not try to fight this confounding market sentiment and euphoria, and get back in at a later time? If I sell all, substantial losses will be incurred as most contrarian positions were taken in Jan. & Feb., 2009. Many thanks for your consideration and prompt reply. Wishing you all a great week and wonderful summer, and may you and your families stay well. Best of regards, Fred Tuerpe'

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Jan June 2, 2009

I went to a local "Pops" concert of predominately Civil War music. At that moment I realizec the the US has survived a lot. This is our generational crisis.

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Lee Common June 2, 2009

I'm not sure it's so much will America survive it's more of what will America be when it is over? IMO Gov has no business in owning businesses, banks, insurance companies or the like unless it is through a privately ran Sovereign Wealth Fund. How much better off would we be if instead of bailing out these insolvent institutions we were instead investing those trillions? My point is if I'm smart enough to figure this out and it is not being done something else is and what is being done is being done with special interests in mind and not the American tax payer. "Home of the government owned land of the less privileged"

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Ernie June 2, 2009

President Obama is creating a political juggernot to guarantee his agendas, economic and political, will be 'planted' and 'grow'. The unions, black and latino communities, the progressive community (such as Hollywood types) select industries (energy, PC, universities, green industries), and democrat states and cities. President Obama intends to build a 'brave new world'! BUT, he has surrounded himself with 'children type councelors who know not history or economics. 'This' administration believes that political power makes right. How wrong they are. God help us all!!

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DALE SCHROEDER June 2, 2009

In my humble opinion, what is coming will make the inflation of the Wiemar Republic look like the good old days! The dollar is losing value with each spin of the Treasury Department's printing presses, prices of food stuffs and other essentials rise daily. There was a recent article on the Drudge Report which was said to have been an excerpt from Pravda titled "American Capitalism Gone with a Wimper." Whatever the source, it aptly discribed the loss of our Representative Republic and the astounding speed by which the sheeple have been conned into accepting pure Communism. That article should be must reading for every remainig Patriot. It will go right over the heads of everyone else!

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Johan June 2, 2009

"sell and go away" Here we go, I am short on the contrarian portfolio so effectively I am selling. I am also leaving to South Africa and Botswana tomorrow to do some hunting and tiger fishing with no connectivity from Sunday. Could I sleep at night, without worrying about my M@M exposure? Don’t think so, so I will be driving to town every day to get onto the internet and check. What a waist of good time? sell and go away has a new meaning.

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Winifred McMahon June 2, 2009

I am 87 and conservative investor and have must of my portfolio in Fed. Mtgs. Should I sell and take the loss? I don't trust they will be FDIC

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Al Sasaki June 2, 2009

Thomas Paine said, "These are the times that try men's souls". It seems every generation has such times. Trying times both physically and spiritually. I agree with your physcial assessments, as an amateur in economics I have noticed many patterns and read a lot opinions. My views differ slightly. Most everyones guesses about our future as a country and a people are just that guesses. Some may be more accurate, some less. Who do we believe, if we make a mistake, truly trying. And of course as a amateur econmist I do have my grand conspiracy theory. Only I have to keep adjusting it, ha-ha, ah-well. At least we now know what a debt economy actually means. No more theory and guessing on who, what, where, when and why. I believe we, America and me, are facing our next step and throughout our history they have been big steps. Spiritually speaking and a sure sign of our next step as Americans our illusions and myths are being shattered right before our eyes. “It ain’t what ya don’t know that hurts ya. What really puts a hurtin’ on ya is what ya knows for sure, that just ain’t so.” -- Uncle Remus Thanks for the insightful analysis and sound advice from you and your team. Helping me learn what I know for sure that just ain't so.

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Marilyn Larison June 2, 2009

I can't believe this is happening and most people are clueless. I'm afraid we're in for some very hard times. Surely there are a few countries left to invest in.

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George King June 2, 2009

Out of the current administration-congressional fiscal strategy smoke, this is what I see. Funnel lots of funny munny into certain sectors so's the "favored" (read politically important) investors (who have been tipped off as to where the funny munny will be funneled) can play the daily game of "Hype the stock, it goes up. Sell the stock, make bucks and put into Treasury Bills or other safe havens." Keep the yo-yo game going and call it "recovery" because the "favored" are smiling and the media captures the smiles. Therefore, elected offices remain secure. Comforting.

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ron June 2, 2009

gold, silver and cash. Until the financial situation stabilizes. ron

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ken deel June 2, 2009

We may well have lost the country. After years of dumming down our youth, promoting a nihlistic, self-absorbed culture that favors appearance over substance, perversion over value, and continuous revisionist theory, America now stands poised for the most tragic collapse in modern history. Hopefuly, I will be proven wrong....

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LaVern Isely June 2, 2009

You are 110% right on debt when you say,"But Washington's debt bubble makes GM's pale by comparison--and it's inflating the size of that bubble at the staggering rate of $3.8 billion per day." And--"Is America Next?" In my opinion, yes, if they don't tax on ability to pay, concerning the federal income tax, like President Franklin Roosevelt did in World War II. What is stopping President Obama in doing so, is the POWERFUL LOBBYISTS in Washington, such as HEDGE FUND DEALERS, who are creating all those TOXIC DERIVATIVES. Nobody, including banks, want REGULATIONS and now General Motors, which they call "Government Motors" aren't even listed on the New York Stock Exchange along with Citibank. So what that tells me is that the government ought to NATIONALIZE Citibank as well. We have no one auditing anyones books, no regulations. We should REINSTATE the GLASS-STEAGALL ACT. We have to have a standard gauge mark to go by, like the TVA, created just before World War I. Sad to say, we're in that bad of shape. Your article should get someone to think seriously and I hope my comment helps in the conversation. I would enjoy a comment. Yours truly, Disgusted Middleclass Taxpayer, Public Citizen and AARP Member, LaVern Isely

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Ken Micko June 2, 2009

Martin, We have followed your suggestion ( that you said many times ) that we hold our money in short term T-Bills or the funds that invest only in them. When do you think the short term interest will rise? And when should we invest in long term T-Bonds to catch on the larger interest rates. ( Should have done that in 1980 or thereabouts!) Ken

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Marek Szczesny June 2, 2009

It is not GM that will sink US economy. It is greed of the businessmen, who keep going despite all facts & indications that immediate reforms are needed (too many of businessmen have no economical background or education). It is Us government that will kill US economy because of it's disastrous decisions (too many ties between the government officials and businessmen). I would call it a SABOTAGE, because they must have known for a long time what is happening. If they really don't know, I would blame it on stupidity? They should be prosecuted and charged. Marek. P.S. Lack of economical background of the government officials gives a green light to speculation and corruption.

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David June 2, 2009

Martin, First, thank you very much for sticking to the principles you were taught as a young man, even though it's not always easy. You've become someone truly rare in today's world; a businessman who’s honest, fair and concerned with doing things the right (and not just the expeditious) way. As to 'will America survive'; yes, but, we’ll be a very different America. The "good life" we’ve become so accustomed to, I believe, will soon become a faded memory from our past. And, as to whether the 'new' America that emerges will continue to be the country the rest of the world envies…? Well, that's another question! Regards, David

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craig June 2, 2009

I feel we may be heading towards a one world monetary system.

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kurt wolf June 2, 2009

the working man has been getting killed in this country my story was with merck had a jopb as a tech there in 2005 then came vioxx and our pharmcy took the hit 500 jobs down too 125 this is a billion dollar company and we were walked out like it was our fault so know i work for wallmart where you cannot live on what you make ,,,,thanks kurt..

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Stan Hoyt June 2, 2009

With our leadership and our debt our fate is sealed. But worse still, the future for our grandchildren is being determined by those in Washington. I believe the best course is to buy gold and essential commodities before inflation is extreme.

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Diego June 2, 2009

Thank you Martin for the red-hot focus on where we've been, where we are, and where we're going. I think you and your staff's investor roadmap is full of exciting travels, and unusual sights, with lots of perilous turns and twists. However, I won't be driving a GM vehicle on this venture, but I will be stocking up on gold and bullets, and probably driving a small electric vehicle. I think GM's demise is not so much their product's failure, but their inability to decide whether they're a car company (GM) or a financial company (GMAC). "As GM goes, so goes the Country" speaks of an older, kinder, gentler time when manufacturing was America's best attribute. These are 'adjustment' times when we learn how to live "post bubble". I think these times are here to stay, rather than just a bear market before returning to the heydey of the last 10 years. The 'return to normal' will be when everyone realizes that this IS the new normal.

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Joe Hansen June 2, 2009

This shutdown has been predicted for over 30 years - is the brain child of "The New World Order" whose affirmed purpose is to destroy the U.S., specifically the $, exterminate some 80% of residents and emerge to dominate the residue. This criminal conspiracy "The Shadow Gov't" has dictated results of all presidential elections since FDR - by the bluest blue blood running. Since congress gave the country the federal reserve system in 1913 - by refusing to perform their statutory obligations - the present results have been accumulating for near a century with NEVER an audit. In the bankruptcy of 9 March '33 - FDR converted every citizen to 2 identities as the cost of doing business with the international monetary fund as performance security to back the bankruptcy. It leaves us as chattel - pigs, cows, chickens, TURKEYS - denied rights not recently enforced but increasingly so now. There's lots more derogatory stuff that is common knowledge like congress being more interested in being the finest politicians money can buy than performing their constitutional duties, corruption at all federal levels as in the FDA where they violated their charter in '83 when Reagan appointed Arthur Hull Hayes commissioner and poisoned the public with aspartame approval against the recommendation of technical staff - which resulted in delayed genocide and the A.M.A. getting fat on disease management by refusing to find the underlying causes for cures. In short - theft of the country.

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Rose Ley June 2, 2009

Hi Martin, I am from the land downunder (another one of those cleches you often speak about). Whilst Australians boast of good times and weathering the storm, it is obvious that we too will go downunder. Why it has taken so long is bewildering. But reading your newsletters has given me some insight into what will happen here. When America sneezes the rest of the world catches a cold. I have found all the hype about hyperinflation interesting - and there are good fundamental grounds for thinking this. However, when analysing the future reality of what is happening another old cleche comes to mind - most people are wrong most of the time. As an ex farmer (I had a rather large dairy farm which was sold four years ago) I believe we were severely disadvantaged during the last 20 years of boom. Whilst everyone else enjoyed increased wealth, farming became harder and harder. Whilst our costs rose, our income did not which meant we were working longer hours just to stay in business. In some ways the pressure to produce food cheaply subsidised an extravagant lifestyle because basic necessities cost proportionally less. Are we seeing some adjustment? Personally I don't believe that commodoties will rise that high in price as some suggest because as wages lower, there will be less money to purchase basic items. Maybe again we will visit a time when basic items cost proportionally more of our income. But I doubt that this can be considered hyperinflation, just a period of realistic adjustment. I also read other websites and used to be in awe of Doug Noland. However, in recent times I feel his analysis, though right, is also incorrect. His latest posting stated that money was going from the core to the periphery. I think this is a more powerful observation than even he realises. Money is going to prop up organisations and individuals in the way of handouts but this money is not finding its way to the core to promote economic growth. I believe that in the end this will stiffle recovery. Perhaps the one thing that sways me against the fear of inflation and into the camp of deflation is my own basic fundamental idea - that money is created into debt. Simply put, when I borrowed money to fund farming projects I often had LESS, NOT MORE money, particularly if the project may have been deemed necessary but was not productive enough to increase income. I fear debt will suck up mountains of money like a black hole. Rose

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orison Whipple Hungerford June 2, 2009

Well I was hoped to leave the planet before the chickens came home to roost. What we have is blind ignorance and pay back time to address. You see what we sow we shall surly reap. We have no one to blame for this financial disaster but ourselves. We allowed our gold backed dollars to be robbed by the international banksters and we have been borrowing their worthless paper every sense. Banksters owe no loyality to our constitution nor our nation. They are globalist that we allowed to create their wealth out of thin air. Not one of them has ever put in a honest days work. They own your cars, homes, and your children. You are existing from day to day in their debt hoping to see light at the end of the tunnel. Is their a solution. Yes, look after your family first and formost, go to your local church and find like minded friends to help each other. In short band together and fight the common enemy greed and power. All is not lost but we must become tools of God as this Is His Battle and we cannot win without His intervention. Seek first the kingdom of God and al things will be added. ty.

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HUDDY June 2, 2009

THESE ARE DARK DAYS. OUR COUNTRY HAS FACED OTHER DARK DAYS, AND SOMEHOW THINGS GET BETTER. WE ALL HAVE A RESPONSIBILITY TO DO OUR PART IN MAKING THE "GOOD THINGS HAPPEN AGAIN. NEVER, EVER GIVE UP. IT IS UP TO US TO FIND A WAY. PERHAPS THE ANSWER LIES IN HEALTHCARE, OR IN INFRASTRUCTURE, OR ALTERNATIVE ENERGY, OR IN YET SOME UNDISCOVERD AREA.

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Norm Brehob June 2, 2009

It appears the US is drowning in debt, including particularly the US Gvmt. And it's unclear to me that the rest of the world is much better off, considering that their central banks have inflated currencies perhaps just as seriously. That leads me to conclude that the only refuge is things with intrinsic value like infrastructure and commodities, particularly precious metals like gold and silver; isn't the ultimate solution to abandon fiat currencies and return to real money, gold and silver? A concern has to be what pain we go through before we realize that. One concern: China calling us on our debt by requiring pieces of US "flesh" in one form or another!

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Don Waldrop June 2, 2009

The issue is one of nationalism vs. globalisim. Obama, Bush, Clinton, Bush etc. are all owned by the globalist cartel. Any politician so-aligned will go along with the globalist agenda, including the financial and military destruction of the States, the federal establishment already being under their control. To survive as political entities, the States must regionalize to separate from the unredeemably corrupted central government. The dollar is doomed. Any fiat replacement will be no better. Those who understand the Judeao/Christian bible realize we are living at the end of this age, and the religion of globalism rejects godly behavior. Most secular persons are unable to comprehend.

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Chaloke Sambandaraksa June 2, 2009

Chaloke from Bangkok Will America survive? : Yes, but American will be there only as colonial subjects, Owner of America won’t be American anymore. How do YOU feel ……....? : There’s no free lunch. American will have to pay, somehow, for spending heedlessly far too much of the wealth that they didn’t have for far too long. Which investments ……….? : Simple grain markets had the habit of gaining more than 200% after having finished their corrective waves in the past :- Corn 1971 - 1974 corrected to 109.50 and rallied to 400.00, a gain of 278% Corn 1977 - 1980 corrected to 180.75 and rallied to 395.75, a gain of 119% Corn 1987 - 1988 corrected to 142.00 and rallied to 359.00, a gain of 153% Corn 1994 - 1996 corrected to 210.50 and rallied to 536.00, a gain of 155% Corn 2005 - 2008 corrected to 185.75 and rallied to 796.00, a gain of 329% Rough Rice 1987 - 1988 corrected to 3.90 and rallied to 12.82, a gain of 229% Rough Rice 1993 - 1994 corrected to 4.78 and rallied to 12.80, a gain of 168% Rough Rice 1994 - 1997 corrected to 5.97 and rallied to 12.45, a gain of 109% Rough Rice 2002 - 2004 corrected to 3.48 and rallied to 11.50, a gain of 230% Rough Rice 2005 - 2008 corrected to 6.21 and rallied to 24.85, a gain of 300% Oats 1977 - 1980 corrected to 98.50 and rallied to 236.75, a gain of 140% Oats 1986 - 1988 corrected to 95.00 and rallied to 393.00, a gain of 314% Oats 1994 - 1996 corrected to 106.00 and rallied to 296.00, a gain of 179% Oats 2000 - 2002 corrected to 93.50 and rallied to 248.00, a gain of 165% Oats 2004 - 2008 corrected to 122.00 and rallied to 486.00, a gain of 298% Wheat 1969 - 1974 corrected to 119.50 and rallied to 645.00, a gain of 440% Wheat 1977 - 1980 corrected to 214.25 and rallied to 544.50, a gain of 154% Wheat 1990 - 1992 corrected to 238.00 and rallied to 463.25, a gain of 95% Wheat 1993 - 1996 corrected to 277.00 and rallied to 717.00, a gain of 159% Wheat 2004 - 2008 corrected to 282.50 and rallied to 1349.50, a gain of 378% Soybean 1969 - 1973 corrected to 236.12 and rallied to 1290.00, a gain of 446% Soybean 1975 - 1977 corrected to 439.50 and rallied to 1076.50, a gain of 145% Soybean 1986 - 1988 corrected to 467.50 and rallied to 1099.50, a gain of 135% Soybean 2002 - 2004 corrected to 415.50 and rallied to 1064.00, a gain of 156% Soybean 2005 - 2008 corrected to 498.50 and rallied to 1635.50, a gain of 228% Corn averages 207%, Rough Rice 207%, Oats 219%, Wheat 245% and Soybean 222%. We are at the end of the A-B-C correction for Grain markets and there is no reason to not to anticipate 200% plus advance for the next few years. With 1:10 leverage, that will be 2,000% plus and even at the double ETF, then gain could be over 400%. I recommend a look at Commodities market such as Grain and Oilseeds, including Soft, Precious metals and Energy and don’t forget to hedge the value of the sinking US dollar with a few currencies, e.g., AD, BP, CD, EC, JY and SF.

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Tommy Egbert June 2, 2009

Did you see the article in the Russian paper Pravda?? They sure think we are headed toward irreversible socialism. I am retired and sitting on my money, mostly in fixed income CMO's and cash..a little in stocks and bonds. I pray ever day for America too wake up, but I am afraid it is too late. Too many votes have already been bought and paid for by the Democrat Party.

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John Wick June 2, 2009

I appreciate your advice, Martin. I have a lot of confidence in your cautions. I don't have a lot of money and being 76-years-old, it's difficult plunking down cash on some of the speculative ETFs. I own TBT and GLD and have been selling Calls against the positions, and will continue to do so until I'm called out. I've also sold some out-of-the-money Puts to generate a little income (at a price I don't mind if they are exercised). I would have purchased GROW also if I would have had the symbol but it opened above $7 so would have missed it anyway. Having said all that, with the public's bull frame of mind, when do I enter the short ETFs? Thank you, John

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David Mast June 2, 2009

Well... I have been reading your stuff for about a 18 months now. Frankly, the doom and gloom gets me down, but as a practical matter you guys have been right on the money -- i mean real cash money -- time after time (I checked out some of your old stuff after I signed up to get your current views. The problem I have investing overseas is that if we, the US, folds, then nothing at all will be safe, and my money, will literally go up in smoke in some small plant in malaysia, or worse ny investment will simply be ignored by a company and/or government who realizes that it does not have to honor my investment (see: Russia). I call this the last theft of wealth. Beginning with allowing non-bankers to bank and banks to play all kinds of interesting games... add cheap money that allowed everyone to buy a house; yeah it jump=started the economy but caused inflated, no super-inflated homes prices, this lead to more borrowing, more wheeling and dealing (0 money down, 125% equity leveraging) and then... somebody blinked. I blinked in mid-2006 when a 70 yr old house that sold for $102,900 in '02 was foreclosed -- I learned it had been thereafter appraised at $201,000 and the owner borrowed 161 against it!!! I bought it for 125K and it is now worth about 110K! Cheap money, no credit checks is bad capitalism. The people who did this should not have been rescued. Debt is something you should not want to have individually, and bad debt is not something you never want to be holding. It is really sad in a way, I really wanted a '10 Camaro. But I will not buy it from the Union that destroyed and replaced GM. David

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James Bullock June 2, 2009

Dear Sirs: My wife and I have just retired. We do not have enough assets to justify the contrarian program you offer. We have about $50,000 in Roth IRA's that is invested in short term Treasuries following your guidance. We do not need to draw from this amount and are thinking of investing it in gold ETFs. Is this a good plan over the next 5 years or so? How much should we invest? Is this economy going to turn around or remain nearly stagnant for a long period of time? With Much Appreciation for your counsel. James Bullock

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Anastasia Weaver June 2, 2009

Dr. Weiss, thank you for your knowledge and ability to communicate clearly to all of us and keep us informed about what is happening as far as money is concerned. Their is great sadness when a giant like GM goes under, as it has. This is unfortunate. Worse I fear for America unless some of the folks who are out for one thing, what the government can do for them wake up and realize the grave mistake they have made in electing the present administration who is far to inexperienced and far to radical to worry about the Constitution and America's well being. They are all out for their own agends. It is one thing to say that you are an American and another to actually live it and reflect it to the world. Unfortunately some giants like GM permitted the unions and the selfishness and greed of those who are involved in the unions to pressure them into this state of non-existence in which they are soon to fall into. There was just too much pressure on the banks and mortgage houses to give out mortgages to those who couldn't even pay rent at a reasonable market rate. The banks, not being staunch in their positions, caved in to the pressure. It is time now for all Americans to realize what they have willed some unknowingly and some through greed and selfishness and the utopia which was presented to them. If they wake up. Then we will survive even though we will not be the country we once were. When you don't have the cash readily available you don't just go to the printing presses. Fortunately for us we did not heavily invest in stocks and commodities so we did not lose much. But interest rates, taxes and other extreme costs given to us to bear are not easy to handle either. But through sensible spending and saving one can survive that too and especially if one has great hope and faith in the Lord. Thank you for all that you do for us and for your generosity in sharing vital information.

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william weaver June 2, 2009

IT WILL DEPEND ON WHETHER THE GOP IS ABLE TO TAKE THE MID-TERM ELECTIONS, IF THEY DON^T IT LOOKS REAL BLEAK. GOLD AND SILVER MIGHT BE THE ONLY INVESTMENT OVER THE LONG TERM. OBAMA IS A RADICAL SOCIALIST BENT ON RESHAPING AMERICA AND IF HE IS SUCCESSFUL WE WILL HAVE A SECOND GREAT DEPRESSION THAT WILL MAKE 29 LOOK LIKE A SUNDAY SCHOOL PICNIC. THE ONLY WAY TO CORRECT THIS MASSIVE SPENDING IS TO CUT GOVERNMENT TO THE BONE AND THEN IT WILL TAKE YEARS. I CAN SEE A LOT OF PAIN COMING FOR MY COUNTRY, HOPEFULLY WISDOM WILL PREVAIL. W.W.

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Ernest Hollingsworth June 2, 2009

I do believe the United States will in in a matter of a short time be bankrupt and or a Socialist country inder the auspices of obama.

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Jim Mc. June 2, 2009

When asked about oil stocks some weeks ago, Claus felt it was premature to hop on board that sector. As I recall he said when the overall market takes a dive, oil is just as vulnerable. Regrettably I took his advice, as we have seen an appreciable surge in this sector the past month. U.S.Oil for example went from its low of $22 to $38 in just over a month. When you consider it was at $120 just a year ago, the upside potential vs the downside is no contest. When you combine that huge gain with the contrasting drop in his inverse ETF's, that is a very substantial amount to make up. Perhaps one should also hedge against a precipitious gain!

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k.c.d. June 2, 2009

Dear Martin, I like the information you send me. It is very difficult to understand and predict what is going on and what will follow. So many variables, difficult to understand and formulate your expectations. There are so many things however that you don't have to be a rocket scientist to understand. If you look what our leaders were doing the past 25-30 years,I question if there is anybody who is surprised where we are today and why? It is amazing how they treated the public! Worse than a moron. They convinced us that Wall Street and Corporate leadership, although they do not own anything, they are so special with unique capabilities, that destroyed GM at the blink of an eye. They require to be remunerated in almost mythical ways and we better behave before they turn our offer down. It is really to laugh! Where are they going to go? Is any other place in the world with so many fools? Is anywhere else where the owners go bankrupt and the CEOs controll the wealth? It is said that a specific CEO increased the size of GE and he deserves a special treatment. No question about that. But how much special and how about the ones who brought the company to where it is today! Unfortunately despite the catastrophic events, we are experiencing everyday that the culture which brought us here remains alive and well. I think we need Capitalism for Growth and Progress and Socialism for humanity. None of them can survive alone and under the circumstances we need rules to determine how each of the systems will serve the society.

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Richard Schoner June 2, 2009

Martin. I have bought your book and joined your Million Dollar Portfolio program and am ready to make the next move. I am basically completely out of stocks and bonds, with the exception of T-bills and money market funds (mostly T-bill only); I also have a few inverse ETFs. I must admit, however, that this market rally is taking an awful long time to turn around (even for a short time), which makes me hesitant to keep waiting for the inverse ETFs to come around. I am a conservative investor, like you are, but how long do I wait? .....In another area, I can't stop thinking about how the market suddenly turned around in March/April with no apparent good reason. My belief is that the government realized that the key to the market was consumer confidence, so they allowed the banks to value their "toxic" assets wherever they wanted, which of course made the financial institutions look good, which made the stock market go up, etc. I wouldn't be surprised, also, if bad news (which might hurt the market) is being hidden from us. Conceivably, those toxic assets could be held on the books for 10 years, after which they would have grown into non-toxic assets; during that time the market would never go down. God bless. Dick

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Charlie June 2, 2009

I have no sympathy for loss of GM: Management; Blue collar; or otherwise. Management granted unto themself millions of dollars a year in salary, bonus, stock options, and other perks. Concurrently they directed the production of inferior quality vehicles, operated with an excessively bloated cost structure, underestimated their competition, and failed to plan for a changing global market. UAW Management is a "top heavy fat cow" bestowing unto themself salary and perks almost as bad as GM Management. Their mantra was, and remains, "more more more" for the UAW, and their membership. They failed to recognize their mantra placed GM in a non-competitive cost structure. UAW Blue Collar Membership rode a gravy train of salary and benefits unlike their global competition. They failed to recognize it is not 1950, the world has awakened and others are willing to produce superior product at lower cost. The average UAW factory "salary and benefits package' estimated at $70,000usd, while Japanese average $40,000usd, and Chinese less than $20,000usd. GM Management, UAW Management, and Membership are responsible. UAW and their Membership for unrealistic demands, and GM Management for submitting to those demands. Even now a terminated GM/ UAW Member will receive 70% of salary first year, and 50% the second year!!! Who are they to deserve such lavish consideration when the "average american" worker is lucky to receive TWO WEEKS SALARY when terminated!!! I love America and cherish our sacred Constitution and Bill of Rights, but I also recognize the best days for America are long over. We are headed for "second- class" status in a global economy because the overwhelmiing majority of Americans fail to recognize the world has changed. Money and Capital knows no national boundary-- it moves freely, and with it so moves technology, factories, and jobs!! PLEASE America-- Wake Up!! Thank you, Charlie B. Virginia

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Cecil T. Richardson June 2, 2009

It is a dark day when one man thinks he has all the answers to our problem. Why can we not have a group of dedicated authorties form a think tank, Allow them to decide what is the problem? What are the solutions? With many hours of imput what are the best solutions. Not allow political party "MAJORTY" to ram their political advantage to over ride agood solution. Make sure all in the group realize it has to be a win,win solution. If we allow our "SINKING SHIP" to sink we all will lose. America has allways rose to a difficult challeng. I know there is a GOD and i firmily believe he will be there for us if we humbly bow and seek his"HELP" I am not a religius nut ,but in my 80+ years God has been with me when almost hope was gone.

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June Royal June 2, 2009

Ar the short term tresury money markets still safe? What are they What banks are o.k. for making cks.

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Bill Nickerson June 2, 2009

Whew!! So many, expecting things to become so bad. Doesn't anyone have faith that we will survive? Of course, we know there are going to be difficult times until the country gets back on track; but we will in time. Listen to good advice, prepare for the hard times to come and then just ride it out. As a sailor, I many times learned of bad weather ahead and after hunkering down and preparing for the storm; all we could do was ride it out. sometimes it was scary and we often wondered if the ship would carry us throguh the storm. But it always did and when the wind stopped, the seas calmed and the sun once again shone through, we knew that we had survived once a again. Have faith. Prepare for some rough seas ahead. Have confidence that we can survive.

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Paul Woodward June 2, 2009

You'll have to excuse my ignorance as I have only been following you since April 09. Every day I read how bad the economy is however the share price keeps rising. Today the S&P went over its moving day 200. Since I have been following your advice (3 months), the markets have rallied. How come?

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John Hermann June 2, 2009

It would seem that we are building up to a recession that could put the noose on our neck for years to come. I am scared for our Country.

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Roseline June 2, 2009

I currently have a retirement account with a Credit Union I recently had taken a withdrawal and encured an early withdrawal fee....sometimes taking your money out of an account and paying an early withdrawal fee seems to be a safer way to ride rather than losing most of or all of your money...And to those who lost so much in the stock market & by other means my heart goes out to U....don't give up God will answer and promises to return all that was taken & or stolen from u....

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Steverino June 2, 2009

We need to get organized, and pull ourselves up. We need to stop blaming the government, and realize that we elected these people, so we are also to be blamed. Elect people who start thinking what is best for America, and stop policing the world. Elect people who will work for the people who elected them, and not just finding a career job for themselves, as well as their family and friends. We need to invest in production, and stop erecting strip malls down every major street in America. I hate strip malls! For the short Dr. Weiss, I feel commodities as well as precious metals are best, what are your thoughts? Thank you and God Bless America!

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LARRY J June 2, 2009

1932 versus 2009 DOLLAR BACKED BY GOLD / ZERO GOLD BACKING- FIAT CURRENCY US IS A CREDITOR POWERHOUSE/ US IS THE WORLDS LARGEST DEBTOR NATION AMERICAN POWER ON THE RISE/AMERICAN POWER IN DECLINE A COHESIVE-TOUGH SOCIETY/ A FRAGMENTED- POLARIZED SOCIETY SOCIAL SECURITY BEGINNING/ THE NEAR END OF SOCIAL SECURITY PAY AS YOU GO MENTALITY/ CAN'T KEEP UP THE BILLS WITHOUT CREDIT CARDS OIL SUPPLY EXPANDING/ ON THE CUSP OF WORLD OIL SUPPLY DECLINE US BASED OIL SUPPLY EXPANSION/ US BASED OIL SUPPLY COLLAPSE LIVING WAGE COMMON PLACE/ LIVING WAGE ON THE DECLINE Please add some more that I left out.

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Fred White June 2, 2009

Hello Martin & Associates, I am baffled by the rising stock market vs rising government debt. To me, it should be "falling stock market vs rising debt. The MBA's say large government spending is the only way to turn the economy around. How would you guys turn it around?

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Joe Pastorek June 2, 2009

Hi to America from a Canadian: America is fighting the wrong battles. The U.S. Dollar will go to hyperinflation and become almost worthless. The markets will crash, unemployment will rise substantially causing riots and starvation. I have done very well this past year. My portfolio is up over 500%and I am well into the 6 digits. But I get down on my knees every day and beg God for forgiveness for all of my sins. America has forgotten their God and He is allowing all your enemies to triumph over you. I long for the day when God will again be able to bless America. sincerely, Joe

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Scott Hassett June 2, 2009

Because of yours and others advise, over the past several months, I made out very well. This week I sold the stocks I bought at the bottom of the market last year. I made over 150% on them, and I bought PUTs in SPY. I also bought gold and silver last fall when I sold most of my PUTs at the bottom of the market and so far have made +20% on the precious metal. I made over 100% last year on my PUTS. I think PUTs will be a good investment for the next 4 to 6 months then I'll have to look to see if its time to go back to stocks again or just go with gold, silver and real state in my Utah home state. I also have a one year supply of emergency food and other essential stuff for my family and I am debt free. In Nov of 2007 I moved my wife's retirement account to bonds and then moved it back last fall to mutual funds. She has made 30% on her account, where most of her co-workers at the hospital have had major losses. I plan to liquidate her retirement account, pay the taxes, (she's over 65 now) and do real state, gold and silver with the money. I think her retirement fund will be a big loser if she stays in it any longer. Utah real state always does well when the economy gets bad because many members of the Church of Jesus Christ of Latter Day Saints move here in bad times. Some of the farm land in central Utah has doubled in price in the past year or so.

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PAUL KROESEN June 2, 2009

I agree with Martin accross the board--I am heavily into gold and oil plus utility stocks which are doing well but protected with limits 10 to 15 % under current price. Concerned about a large sum in a single pay life policy--may cash out part to move into fed. notes. Any thoughts? Reading your "Ultimate" book with interest.

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Fred White June 2, 2009

I am baffled by a rising stock market vs rising government debt. It seems that with rising debt, the stock market should be going down. The MBA guru's in Washington and elsewhere feel that the only way out of a recession is to spend. How would you folks reverse the recession? Fred

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lyndon flad June 2, 2009

The fact that has always been most interesting to me is the lack of concern by the general public in terms of what the US government is doing to the future. When you create the debt load they have over the past several years, in combinaltion with what seems to be an absolute denial of the facts in terms of what has happened in the banking industry, derivatives / bailouts etc. What is going to take to make the numbers obvious to the common taxpayer in terms of what it is doing to their future.....

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Lee Johnson June 2, 2009

Dr. Weiss - Which is more likely to occur: (1) hyperinflation a la the 1920's Weimar Republic in Germany or (2) 12% + annual inflation a la the Carter-Volcker years of 1978 to 1980 that led to the "Reagan Recession" of 1981 through 1983 that threw 2 million (Republican estimate) to 5 million (Democrat est.) Rustbelt blue-collar high-school educated assembly line workers out of their jobs. It is abundantly clear that inflation will occur, and these oil prices rising again will only worsen it, but I would appreciate your outlook on the level of inflation we may experience. I am very interested in when you think inflation will get so high that I will have a chance to get out of 3-mo. T-Bills and buy very high-yield US Treasury long bonds paying much higher interest rates. Thanks very much for considering my query.

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Bob June 2, 2009

My wife and I are both employed in the technology sector. We managed to scrap and save into the low six figures over the years. The house is mostly paid for; no small effort in California. I’ve read several books on investing including your depression survival guide. The later convinced me to subscribe to the Smart Money Newsletter. We have dabbled in the stock market with some wins, some losses, a modest gain overall. Nine months ago I purchased gold bullion for the first time, believing that inflation would be ahead. I received a sizeable inheritance this year which I originally intended to invest. Instead I deposited the money in multiple "A" banks staying within the FDIC limits. Currently, there is NO reasoned predictability as to what tomorrow may bring economically or politically. America and its people are great, but its power brokers have shifted from building upon the efforts of the previous generation to just passing debt on to the next. Until this behavior differs, I do not see a reason to risk my money with Wall Street. Thank God though my wife and I still have our jobs. P.S. For those of you that recommend storing enough food for one year, its seed and fertilizer you’ll need instead.

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Raymond R Deckert June 2, 2009

Its hard to believe that the United States itself could go bankrupt. I`ve been part of the contrarian program to try to avoid loosing a lot of momey and hopefully making some money. I invested $10,000 in a fidelity account and buying the suggested investments but it cost $19.95 as a commission for each buy which is a large percentage of the buy. There have been 8 buys now at $19.95 each so alot is going for commission. Its going to take a lot just to make up the commission so any advice yoou have will be appreciated. Thanks! Ray Deckert.

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William Duff June 2, 2009

In the late 1970's I went to visit a client at one of their major plants in the Chicagoland area. It was a enormous facility that covered almost two city block. As we entered the manufacturing level which was subterrian, I was schocked beyond dismay as I witnessed any entire plant in idleness. No one machine was running and the inventory level of finished goods was wall to wall. When I asked my host for an explaination, his reply was," we don't have orders but things will start up again very soon because this is International Harvester and it is just to big to fail". From that day forward the experience changed the way I view the entire business structure. By the mid 1980's I made several remarks to friends and family that GM will more than likely be one of the next failures based upon the same fundamentals of over extentsion and mismanagement of debt. IH never saw Komatzu coming and apparently, GM never was either Honda or Toyota coming either. In both cases the need of the customer was abandon!

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Patty Cakes June 2, 2009

Martin, you are prone to a level of hysterics that reduces your credibility. When you say things like "court approval to begin liquidating its assets" you sound ignorant of the differences between Chapter 7 & Chapter 11 bankruptcy. If you are not ignorant, then it appears that you are purposefully misleading others who might be ignorant of the differences. Either way, it's bad for your credibility. The date for enrollment in your "Million Dollar Portfolio" has passed. Give it a rest.

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Bill Ross June 2, 2009

MW..I started with 600 in 1Q08 and was down to 350 by 1Q09. I put 100 in to American Equity Retirement Gold. 12% Bonus Premium up front and a "Guaranteed" 8% per year for 15 years. Isn't this Annuity a safe place to put your money once you leave "Las Vegas"? My AE 100 is now 112 and will finish the year at 120. What am I missing?...Bill

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Cincy D June 2, 2009

Investors of all walks of life will folk to precious metals as the US revisits the days of France's Joh Law. Sorry to be so gloomy, but we are seeing the change of the entire US paradigm.

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john orton June 2, 2009

Being retired and debt free, a rise in interest rates will not affect me, except it will help my bottom line and 1% does not cover expenses. I am waiting for interest rates to rise. Hopefully Gold and short ETF's will come thru

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Nancy June 2, 2009

Dear Martin: I have been reading your information about buying stocks at low prices and then selling when the market is stable and making a profit. Warren Buffett feels that the market will always come back and he invested in GE stock that was half price in September. He looks for companies that are well managed and buys them at a 40% savings. This is good thinking by both of you, but my concern with both of your ideas is that we have a government that prints money like it is going out of style. This new money has no financial backing to support it worth. How can we continue to try new ways to save our investments when even if we do the dollar will be worthless. Buying gold, silver, and diamonds makes more sense because you have a precious commodity. The only thing wrong with this plan is who will buy these precious items when we have a world wide financial crisis and famine. Can we eat those precious commodities?

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Jeff Webster June 2, 2009

What are the chances of Obama halting all trading in gold and silver? The government did it already in the 30's and if they do nothing the price of precious metals is going to help create an inflationary environment. Can they shut down the market? Perhaps options on precious metals could be a payoff to politicians who support Obama's programs. It's a consideration in investing in precious metals. Perhaps it can all be confiscated.

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DAVID FERRARA June 2, 2009

OUR ONLY CHANCE TO SURVIVE IS IF THE CURRENT CROP OF WASHINGTONIANS DO NOT. THIS INCLUDES ALL THREE MAJOR ENTITIES; EXECUTIVE, LEGISLATIVE AND JUDICIAL. THESE RATS HAVE SOLD US OUT AND THEY SHOULD BE STRUNG UP FOR THEIR TREASON. IF THIS IS TOO HARSH FOR YOU, TOO BAD. JUST WAIT AND SEE. WE HAVEN'T SEEN THE END OF THIS BETRAYAL, IT WILL GET WORSE. I AM A PROUD VETERAN WHO SERVED WITH DEDICATION MANY YEARS AGO. I CAN ONLY TAKE SOLACE WITH TODAYS CONDITIONS IN THAT AT MY AGE I HOPE NOT TO STILL BE ALIVE WHEN OUR TOTAL DESTRUCTION AS A FREE AND WONDERFUL SOCIETY FINALLY CRUMBLES UNDER THE "NEW WORLD ORDER".

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Linda June 2, 2009

I think you are too deep in the BEAR mode. You are the only Bear out there. Good advisor/investor should make money in both market. That's a real contrarian. All three index are all up over 40% now. You did not catch it - all day long you have been dooming. Lots of stocks have doubled and even trippled. ETF --- FAS --- have increased 6 olds (over $12 from under $2 in March. Did you catch any - those 3x bulls. When gold is at low $700, what did you say? how about now -----------------already back to high $900. talking is one thing, investing is another. Did GM crash down the market -------- Not a single bit. You have been calling the market down Virtually Every week since March, Where is it now? Do you think we can follow you?