Viewpoint

This, from a friend:, 8/7/11: 

FYI: On the Goldstone Financial program on WLSAM 890 out of Chicago this morning, Tom Byrne, CFO of Trend Capital Managers (see attachment) mentioned that the Aden Sisters (Pamela and Mary Ann) have advised their clients to dump all equities and energy stocks. Energy stocks are the leading indicator of a down-turning economy. Another indication of energy problems and the misreading of the energy situation by the Obama Administration is the fact that recently the WSJ reported that oil tankers were sitting out in the ocean unable to unload because oil is not selling since Obama raided the strategic reserves and did what he has been doing best - - screwing up that market also.

Those of you who may be familiar with Bob Chapman, author of The International Forecaster, has been telling readers to get out of the stock market since the year 2000 and has been advising readers to purchase precious metals and/or precious metal stocks.

Larry Edelson, a Wall Street Shill promoting 'sucker' rallies and rated the #1 Financial Adviser in the Country by Barrons, this morning, was doing considerable back peddling as he has been promoting stocks and belittling precious metals for years. He is in absolute denial completely ignoring the lackluster gains in stocks in the past eleven years and the overwhelming gains in precious metals. Every time gold reached a new high, he either intimated it had topped out, or openly made the statement that it did. Today he was again ridiculing those who claim it is going higher.  Stocks and other equities have continuously back slid in real value terms due to inflation and other losses while gold is up almost 600% while silver is up almost 900% with tops for both nowhere in sight.

Tom Byrne, on the other hand, has called the market right consistently. He reported again today that the big investors have been leaving the market for some time. In the more recent past, he has reported that the Captains of Industry (CEO's) have been selling their company stock at an unprecedented rate. He has consistently promoted capital preservation on a parallel with Bob Chapman, or vice versa.
Predictably, Monday, August 8, 2011, is likely to be a real 'Barn Burner'. Those who have stock brokers, If you have not talked with them lately, forget being able to do so tomorrow, or perhaps even the rest of this week.

Most MEDIA parrots continue mentioning the possibility of a 'double dip' recession. Double dip, my sweet bippy, it is a Depression. Why can they not admit the truth. This week may be the week that brings it out. How can it be otherwise when we have political imbeciles who never ran a business the size of a hot dog stand running the biggest corporation in the World? - - The United States. To even the Hot Dog entrepreneur, it is blatantly obvious these clowns do not know what they are doing. In three years, they have been unable to develop a basic budget.

Hopefully, you have been reading, thinking, and preparing for the coming financial catastrophe.