The following exerpt from Jimmy Willie recently published forum outlines in "no uncertain terms" where the markets are destined to go.

The tragic reality is that both New York City and London are in the process of morphing into financial rust belts (not my original line). The Wall Street syndicates are not yet recognized as such criminal entities, but they are far more dangerous and deadly. Most syndicates do not kill their hosts. They killed the USEconomy. Heck, even the United Nations drug watchdog group has let the cat out of the bag, announcing that Western banks have been dependent upon narcotics trafficking money, but did not mention Afghanistan or New York City.

In fairness, the dispatch of a large portion of the US manufacturing sector to China was the final blow that guaranteed the death of the USEconomy. That move left the national economy dependent upon a queer housing & mortgage bubble for capital and consumption. The dissipation of those two major bubbles has left the Untied States on the verge of national failure. If such words seem like hyperbole, watch in horror at the next few months. The industrial, retail, shipping, housing, and banking sectors are dying horrible deaths. Next come the vicious cycles that deliver heavy blows in feedback loops, amply described in earlier articles. Such momentum cannot be arrested by adding more funny money into the system, setting up more federal debt, putting some cash into people’s hands, and just hitting the gas pedal harder on a jalopy that has serious engine and locomotive problems. Almost no new ideas have come forth.

Martial law looks inevitable, not due to other attacks on our cities, but rather from economic disintegration and breakdown. Momentum has become powerful enough to send the national economy into powerful acceleration toward the abyss. Merely opening a newspaper testifies to this claim. Just this week, Treasury Secy Geithner mentioned the word ‘collapse’ in his eloquent yet vacant speech. My forecasts over the last three years on economic breakdown, banking system insolvency, endless housing recession, and failed state are all aligned and in progress, tragically.

Tempered somewhat still precludes "disaster."

Rescent moves in PMs a preliminary to their final "rush," as in Gold rush!

Infinite patience yields immediate results.

RUF