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Message: Now the film about 'The Fed' starring BullyBoy as the hero (We hope)
"The Midas Letter" <midas@midasletter.com>
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Gold Pressure Near Breaking Point I expect this article will make me in the neighborhood of at least 300,000 new enemies. That’s how many employees GM has. However, the unfortunate thing about truth is that it is relentless and apathetic. Please don’t confuse the messenger with the cause. The reason GM should be allowed to fall is because in its current state, its production overcapacity, if maintained by government money, can only churn out even more cars that nobody wants or can afford to buy. In other words, it would only prolong the inevitable. |
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Let GM Fall I expect this article will make me in the neighborhood of at least 300,000 new enemies. That’s how many employees GM has. However, the unfortunate thing about truth is that it is relentless and apathetic. Please don’t confuse the messenger with the cause. .....Read more
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Exposing Fraud, Registering Rage By James West Now the government has decided not to buy the junk left behind by the giant US Banking system garage sale, and instead has decided to funnel the cash directly onto the balance sheets of the banks who were peddling them, I am convinced the American and global consumer public has been zapped with some kind of stun gun. As Bob Moriarty asked on 321gold.com recently, “Where’s the outrage?” Complacency would seem to be the default reaction. Like cattle at the abattoir, we mill about munching straw while one by one our brethren receive a bolt to the head before being parceled into roasts. .....Read more
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“Fighting the Financial Crisis, One Challenge at a Time” By Secretary Henry M. Paulson, Jr. The New York Times November 18, 2008 We are going through a financial crisis more severe and unpredictable than any in our lifetimes. We have seen the failures, or the equivalent of failures, of Bear Stearns, IndyMac, Lehman Brothers, Washington Mutual, Wachovia, Fannie Mae, Freddie Mac and the American International Group. .....Read more
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Goodbye G7, hello G20 The Economist JUDGED by the hubristic promises that preceded it, the G20 meeting was bound to disappoint. .....Read more
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| Please don't hesitate to email me if you ever have any questions or feedback, or just plain disagree with something I've said.You can email me at jwest@midasletter.com Happy Investing!  James West Publisher |
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