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The iTulip guy calls “endgame”
self-evident —
He sent this out as an Email “alert” for all of his paying and non-paying subscribers:
Road to Ruin: Final stretch
You really, really want to read this; excerpts will not do it justice. But I will give it a try.
We edge ever closer to our 2:1 DOW/Gold ratio target of 5,000 for the DOW and $2,500 for gold. The DOW/Gold ratio declined from 15.34 in September 2008 to 7.65 on Friday, 50% in five months. The previous 50% drop took five years.
Our positions in Treasury bonds and gold have served us well for over a decade. A ...
Tuesday morning links
The Mess That Greenspan Made —
TOP STORIES AIG in talks with U.S. government, sees $60B loss - Reuters FDIC: 'Stress test' will determine banks' health - AP Hairy Lips Sink Ships - Gross, Pimco U.S. Is Pressed to Add Billions to Bailouts - NY Times Fed turns to the Web to explain new policy tools - MarketWatch JPMorgan slashes dividend to 5 cents - CNN/Money Road to Ruin: Final stretch - iTulip The Abyss Stares Back - Kunstler, CFN MARKETS/INVESTING Gold Declines on Signs Investment Demand Is Slowing - Bloomberg Oil falls near $38, following stock markets down - ...
Best Quotes of February 2009
GoldSeek.com —
... In a world where interventionism is the order of the day, government purchases of stocks for the purpose of supporting the stock market is only, in my view, a matter of time. The question is, how to best prepare for it. For all we know, it's already started. And, because [Paulson, Bernanke, et al] are not really gods -- they can't foresee the consequences of all they do -- there will be myriad unintended consequences. One we're pretty sure of, the gold price will continue to climb.
We are getting a 1930 to 1933 financial system and debt deflation collapse but in Internet ...
Links
self-evident —
... As argued in “Road to Ruin: Final stretch“, the US is vulnerable to a balance of payments crisis. The cause of that crisis is the convergence of four main crisis events, and we are ready to say that these may occur within the next three quarters: ...
