US Economy in the toilet

BY MICHAEL WEBSTER: INVESTIGATIVE REPORTER Sept 15, 2008 at 2:00 PM PDT

Opinion:

And just as I warned, in my past writing’s the crises is here the American people last over $500 billion hard earned dollars today by taking massive hits from the NASDAQ, the S&P 500 and the Dow Jones – and has nicked investors to the tune of $10.5 TRILLION from peak to valley of my economic analysis. Go to: or Google MICHAEL WEBSTER'S OTHER WRITINGS

But not us! No, we have used these chaotic events to double and redouble our money over the past many months by buying Silver and now I’m buying silver dollars. Silver is up and growing just as I said it would. I started buying and investing by example by getting into silver at $3.50 and now floating around round $20. And expected by me to go much higher.

Now, I warn of the greatest threat so far, the trip trigger has been pulled the most difficult years yet for America and Americans is on our doorstep.

I’m warning anyone with more than $100,000 in savings to withdraw it immediately.

Don’t Walk—RUN To the Nearest Branch of your bank And MOVE YOUR MONEY NOW!

Just when you thought things couldn’t get any worse, your stocks and equity funds are about to be lost by the damdest-banking and money crisis since 1932. Wall Street stockbrokers and other financial planners laughed when I warned of an Impending TECH WRECK in early 2000, we got out in late 1998 and early 1999. And we have been buying more silver every since. They chuckled out loud in 2001 when I cautioned that US corporations were cooking their books, and would be caught red-handed and the news would smash the blue chips. And in early 2002, cocky brokers nearly laughed themselves silly when I warned that the government and the high and mighty of Wall Street were about to be exposed as liars, cheats and thieves.

Many times I was right. Each time, these events cost Americans like you billions of dollars. The silver strategies I wrote about SOARED. Silver has been on a run-up---But silver is still cheap. A very relative small amount of money buys a lot of silver. Now I’m issuing the most disturbing forecast ever. The demise of the Federal Reserve Note as we know it. Heed it, and you’ll escape the greatest destruction of Private wealth in our lifetimes.

I do hope you listen this time ‑ for a verity of important reasons: I absolutely believe it is imperative that we as a nation we insulate our money RIGHT AWAY. Please understand ‑ I'm not anti-American at all I love this country. But I’m not talking about just dumping your stocks, bonds and stuffing the money into your mattress ‑ or equally bad, into banks, CDs, treasuries and other investments that insult you with miserly returns. Far from it! I want to share the same strategies that I told to my readers of “For Your Eyes Only” solid gains over the last 4 years ‑ enough to more then DOUBLE there MONEY.
This new crisis is about to open the floodgates of windfall PROFIT opportunities for the average American not the big boys… for a change. I'm talking about the same kinds of opportunities that allowed me to do what I do and share it with my readers.
I’m documenting the perilous condition of America's banks and our currency and revealing why I am convinced that the greatest bank and dollar crisis in decades of which I have been warning for years is now here and real.
I wrote some giant U.S. banks and insurance companies will be at risk for failure ‑ and even just ONE major collapse is likely to trigger a devastating chain reaction ... and send shockwaves throughout the entire world economy.

Bank failures to date first started with the failure of Pasadena, Calif.-based IndyMac Bank, with $32 billion in assets, was the largest bank failure since the savings and loan crisis in the late 1980s and early '90s.
These many bank failures reveal big dangers for the American economy it comes as financial groups are still reeling from the fallout of America’s sub-prime mortgage crisis and recent freeze in credit markets.
Just as I wrote the problems have spread across the globe, prompting a fire sale of the German bank Sachsen and forcing Britain’s fifth-biggest mortgage lender, Northern Rock, to go to the Bank of England for emergency funds.
As again today Investors are nervous about potentially huge losses at investment banks. Merrill Lynch lose $1.5 billion can only be saved by bank America bailout today.
Bear Stearns was the first major investment bank to tank. The America that you and I grew up to know and appreciate is a thing of the past. The upcoming crash is going to make the crash of 1929 look like a mild recession in comparison. Your job, your company and your industry is much more dependent on other industries today than it was in 1929. If our government continues to spend more than it takes in, with 100 percent certainty, it will go broke. A time of rectification is certain; it's only a matter of when.
Industrials fall more than 500 points in their worst slide since the September 2001 terrorist attacks. Investors recoiled after a shakeup of the financial industry that took out two big name players: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. Also believed in trouble are giants Washington Mutual, Wells Fargo and many others. Just what tomorrow will bring no-one knows for sure but it will not be good and America’s future is on a fire sale to China, Meddle easterners, yes and even Russia. The failing of Fanny Mae and Freddy Mac are just the first chink in the American prime mortgage armor.
Global news reports the pullback occurred across much of the globe as investors absorbed Lehman’s bankruptcy filing and what was essentially a forced sale of Merrill Lynch to Bank of America for $50 billion in stock. While those companies’ situations had reached some resolution, the market remained anxious about American International Group Inc., which is seeking funding to shore up its balance sheet. A faltering of the world’s largest insurance company (AID) likely would have implications far beyond that of Lehman, already the largest U.S. bankruptcy in terms of assets.
Such a catastrophe will help drive the Dow below 8,000 ... knock the NASDAQ down to below 1000 ... and bring much of the world's financial system to ruins. I’m insulating my assets from the carnage to come. I’m buying more silver.
I’m revealing how I can own the little‑known and seldom‑used strategies that are designed to SKY ROCKET at times like this. I’m sharing my Silver, Gold and Chinese Plays along with my Silver Dollar strategies.
Silver is America's most powerful money‑making, moneysaving tool ‑ tools I personally designed to get you through this crisis without a scratch.
Please ‑ I urge you: Act now to preserve your money and actually profit from the coming disasters. Buy the poor mans gold, Silver coins.
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