Monday, August 31, 2009

Black October Is Coming, Are You Ready?

Human Events
Below please find a special message from one of our advertisers, Goldworth Financial. From time to time, we receive opportunities we believe you as a valued customer may want to know about. Please note that the following message reflects the opinions and representations of our advertiser alone, and not necessarily the opinion or editorial positions of Human Events or Eagle Publishing.

We are Now in the Eye of the Hurricane!

Mainstream Media is now reporting ..
"The Recession is Over...Stocks and Housing are Now...Good Buys"

They were NOT right about the Melt Down... How could they possibly be Right about the Recovery?

Many prominent figures like: Jim Rogers, Gerald Celente and Peter Schiff are forecasting that.. By Mid to Late October... It will Not feel like a Recession but rather a Depression!

Here are the reasons why...

#1. We're about to see the Largest Bulk, of the "option arm-risky Loans" written by the banks, Re-adjust from a Fixed-- "Teaser-rate" to a Variable rate.
Home owners will go from a 4.25-4.5% interest rate, to 8-10% (Libor rates). People will No longer afford their mortgage payment! Foreclosures Will Skyrocket!..
Banks will Not have equity (payments) coming in...They're going to Fail!

#2. Banking system is Under water; according to the FDIC website, we have already seen more than Three times as many banks Fail this year, than the last 10 years put together... Banking Holiday??

#3. Unemployment is rising; many prominent economist believe Real unemployment is closer to 15%... At the height of the 1930s Depression, unemployment hit 18%...we're almost there!

#4. Housing is being artificially kept from crashing by Banks, whom are holding onto foreclosed properties, Only releasing a small amount of inventory.. They don't want to Flood the regional market with excess inventory.. Hence; Crashing Prices even further!

Nevertheless, foreclosures are rising ...They will have to release inventory at one point!

#5. The FEDS continue to bailout the banks by Buying "Toxic" Mortgage Backed Security, for both residential & commercial loans. Plus, the auto industry by their creative "Cash for Clunkers" program. Not to mention, the FEDS are Now Buying their own Bonds, at the T-Bill Auctions... China doesn't want our Debt/Bonds anymore...Who can blame them?

Ladies and Gentlemen, the writing is on the wall..

It's about to get Really Bad, Really Quick!

Now is the Last time, you'll be able to acquire Gold for under $1000 per oz.

Everyone Knows.... September and October has always been the worst time of the year for the Stock-market and your Savings!

It has Never been More prudent to Own...Tangible Gold & Silver, the ONLY asset with a Proven track record of Protecting Wealth during Inflationary cycles.



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