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I just heard on a radio station that even with congressional approval of the bailout of Freddie Mac and Fannie May their stock

still dropped around 20%, after the bailout got senate approval their stocks dropped about 6% still, the man on the show said they are still doomed to failure. Say good bye to the dollar, we are headed for the ride of our lives. I am starting my survival purchases this week just in case. We might all want to consider doing so. Keep up the great work. Good night. Sorry I do not have any links for this.

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The National Australia Bank (NAB) had the guts to

finally point out that the Emperor (Empire) is not wearing any clothes. This is major and it is serious. Now that a major world bank has "come out of the closet", the rest will follow suit.

Hang on tight my stateside brothers and sisters.


Lisa C.

www.dvds4delegates.com=Ron Paul, the 44th U.S. President

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Ron Paul "Sign Wave Across the USA" -- November 5th!

Peter Schiff in his article

here's a synopsis
Once signed into law, the budget busting legislation will hand the Administration a blank check to prop up the ailing home lenders. The ultimate cost is anybody’s guess. I believe that the price tag will be higher than just about anyone imagines. Paulson’s Bazooka will be locked and loaded with enough fire power to blow what’s left of our economy into the dustbin of history. Though the government and Wall Street assure us that these bold moves will save the housing market, and the economy as a whole, from collapse, the reality is that the solution is far worse than the problem. As painful as the failure of Freddie and Fannie would have been, bailing them out will hurt even more. In other words, it’s not the disease that will kill us but the cure.

Unfortunately the Senate is holding a

Special Session to vote on this tomorrow (Saturday). I am trying to get this out to to everyone - it's is quite a warning from Jim Sinclair. At the end of the day I would recommend that you read all of his postings for today. He's a good man. RP knows him & knows what's happening!
Posted On: Friday, July 25, 2008, 9:56:00 PM EST

The Catalyst For Financial Disaster

Author: Jim Sinclair

Dear Friends,

A serious event occurred today. This event was the very public international recognition of more off balance sheet so called “assets” revealed as having little, if any, value.

This event is arguably the most serious financial upset ever. If you have not protected yourself, it is getting very late - maybe too late.

Your best hope is that this event is so complex that the herd of self anointed experts has no clue what that vehicle is, how large it is and therefore the profound meaning it has.

Gold, serious junior gold shares (the only seriously underpriced and therefore real value in equities) and non-dollar short term federal currency instruments are your sanctuary. You better get there, and get there FAST!

Click here for the criteria you should consider when selecting junior gold share situations.

The meaning of this is not only are Freddie and Fannie’s troubles much costlier than realized, but now there is an entirely new definition of market-less financial entities with off balance sheet assets that undermine primarily the US and now international banking systems. Conduit mortgage OTC derivatives will have to be marked down now that the sun is shining on them.

The U.S. mortgage industry transformed itself in a way that has opened dangerous SIV sub prime real estate conduits to global capital markets.

A conduit loan is priced by swaps and swap spreads, thereby becoming a package of various OTC derivatives generally derived from a formula that would make Einstein look like a kindergarten mathematician.

By turning mortgages into securities, lenders created vast distances between homeowners and their mortgage holders, who can be anywhere in the world such as Australia.

US banks have written down $450 billion in bad housing loans. The revelation from NAB means that they will now certainly need to take provisions to $1,000 billion. Write-downs of $1,300 billion and perhaps even more are in the cards.

That guarantees the USDX at .6200 and more likely at .5200.

That guarantees gold to reach at least $1650 much sooner than I anticipated.

This strongly suggests that my estimate of $1650 is significantly below the price of gold coming soon.

This opens the probability that a modernized and revitalized Federal Reserve Gold certificate ratio tied to the M3 will evolve into the monetary system.

The greatest economic crime ever committed is OTC derivatives. Those that proffered these will have killed more people than most wars.

This is it and it is NOW!

Respectfully yours,
Jim Sinclair

I agree it could be based on emotion rather than actual hard

numbers. Either way we lose. There is no faith left in the American economy and the numbers suck. Stock up on that survival gear before it is too late. This is gonna come to a head sooner or later. Keep up the great work, goodnight.

5 Trillion Dollars


80 Billion dollars of Assets is holding up 5000 Billion dollars of faultering mortgages.

60:1 Leveraged

Do the math.

Funny that you mention

your "survival" purchases.....I just took inventory this afternoon and was sitting here at my desk working on a shopping list for tomorrow.

Hopefully, my bank won't go under before I get there to ATM a little cash....