Monday, September 29, 2008

Banking Crisis - What is REALLY Going On?

It is very easy in the current circumstances to focus on the crisis that is engulfing the financial system or the unfolding drama of the US bailout. However, this is not the real story, just an expression of the symptoms of the real story.

Read this brilliant analysis in it's entirety here=>>

by Martin Weiss Ph.D as Published in the Market Oracle

In our white paper submission to Congress , we demonstrate why and propose concrete solutions.

Plus, in our press conference and press calls yesterday, we followed up with more. We talked to the Wall Street Journal, Dow Jones, Business Week and others. And the same point I've made here with you, I made there with them:

Washington's entire argument is flawed at the core. They insist that the disease — the debt crisis — is so severe that we risk a total meltdown and a great depression.

But in the same breath, they argue that their cure — despite all past bailout failures and despite very nasty side effects — is somehow going to prevent the consequences.
They can't have it both ways. And our white paper demonstrates they're wrong on both counts: The debt disease — no matter how widespread — is not fatal for our country. And their so-called "cure" — no matter how expensive — is not the answer to our prayers."

This leaves you with no choice. You cannot wait to see how long Wall Street's celebration will last or how soon Washington's plan will fail. You must take protective action now.

I have warned you. Now the President, the Fed Chairman and the Treasury Secretary have also warned you. There's no reason to wait one moment longer.
Take advantage of any stock market rally to get out of all stocks we have not specifically recommended.

Take advantage of any temporary reprieve in the housing collapse to sell all the real estate you don't want to live in.

Move your money to cash, and stash that cash in the safest, most liquid investment in the world today: a money market fund that invests almost exclusively in U.S. Treasury securities or equivalent, such as Capital Preservation Fund , Weiss Treasury Only Money Market Fund or any of the other excellent Treasury-only funds we have continually recommended. The yield is low. But that's the price smart investors are paying for safety today, and it's worth every penny. It's better than the best bank.

Buy insurance against what could be one of the blackest Black Octobers in modern times, using the inverse investments we have been continually recommending throughout this crisis.
And then go for the massive profit opportunities that are especially possible at times like these.
This coming Tuesday, September 30, is the last day before Black October and before we issue a bundle of new recommendations to convert crisis into opportunity.

It's also your last day to save 50% on our Safe Money Report , designed to help you keep your savings safe and multiply your investments even in the worst of times.

Visit our current Web page for our latest report on this crisis and for instructions on how to join. You have only today, plus two days left.

Prudent steps are the right decisions for you and your family. And what's good for your finances is good for our country's.

Good luck and God bless

Martin

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