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Saturday, October 31, 2009

Banks failing right now one after another! Don't wait to protect yourself!

I received this note this morning ( Oct. 31st, 2009) from a friend here in Montana.

"I do not normally pass on rumors or here-say but a very good personal friend's uncle is a Deputy Economic Advisor to Obama as well as a Professor at a prestigious Eastern school. He was called into a private meeting last week with the President. They were told, I quote the Following: " Between now and Jan 1st 70 more big banks will fail and 70% of Retail Companies will be Bankrupt. The President will allow them to make as much as they can for the Christmas Holidays then Jan 15 there will be a Bank holiday and their new currency will be issued with a devaluation of 6 to 10 to 1. " I believe this is why they are trying to keep the market and dollar up now with their lies on all the News outlets. Set up the people to steal every last penny they can get. Martial Law can not be too far behind. Get your money out of banks and into physical Gold and silver, I recommend 60% Gold 40%silver, food , Foundation seed, guns ammo generators ...etc. If you can not eat it, drink it, wear it, live in it, raise food on it, do not invest in it. If you have stocks, bonds 401K, IRA take the penalty and put it in what I just said. If you have substantial funds call me privately and I can help. And remember get far away from the Cities!!!!! This is first hand information and I would take it very seriously. "

I am not at liberty to disclose who sent this but the note speaks for itself.

The only part of this that I take issue with is the gold to silver ratio. I don't believe you should invest in gold unless you have huge resources that you don't know what to do with. I am talking millions of FRN's (Federal Reserve Notes). There are several reasons for that. First is that there is still enough gold above ground to make it worth while for them to try to confiscate it like they did back in the 30s. Also when gold is thousands per ounce who is going to be able to make change for it.

There is another reason that silver has much more potential for gain than gold. The normal dollar ratio of silver to gold is 16 to 1. Right now it's way over 60 to 1. At it's normal  ratio, with the price of gold over $1000.00 per ounce silver should be selling for over $60 per ounce. So silver has a lot of catching up to do. Another reason for buying silver instead of gold is that silver is in very short supply right now.

In 1986, when they started to produce the American Silver Eagle bullion coin, there was over 2 Billion and 200 Million ounces of silver above ground to make various silver products. Right now there is less than 200 million ounces. That is 10 times less silver than back then. The reason is that silver is an INDUSTRIAL precious metal but gold is not. There is still over 2 Billion ounces of gold above ground.

Another thing to look at is the history of silver and gold.

In 1971, when Tricky Dick Nixon ended Bretton Woods and took us off the gold standard, it triggered a devaluation of the dollar just like we face right now. In the next 9 years gold gained 24 times it's value but silver gained almost 39 times it's value in the same period. In 1980 gold topped out at about $850 per ounce, and silver at about $50 per ounce. That is about the normal ratio of 16 to 1. Let's say you were paying attention in 1971 and took just $100,000 and put it into gold, by 1980 you were now worth 2.4 million, but if you put it into silver instead, you were now worth 3.9 million. Enough said.

Another reason to get silver is that when this nation deteriorates into a barter system you might still be able to use very small quantities of silver as barter or currency. Gold will be so expensive it will be almost useless. Nobody will be able to make change for your gold.

In any case, if you have any wealth at all in a bank, credit union or any other institution, especially an IRA or 401K, those are always enumerated in FRNs. GET IT OUT NOW!

Then I received this from another LCW attendee. 
It's happening right now just like that last letter predicted!
Banks that have failed since October 1st.

This list used to be just a couple or three banks at a time.
Now look.

http://www.fdic.gov/bank/individual/failed/banklist.html

http://news.yahoo.com/s/nm/20091031/ts_nm/us_usbancorp
Don't wait to get your silver. Time is short and the demand is huge.
I can show you how to get silver at very reasonable prices.
Call me at 800 889 2839

Paul Stramer
P.O. Box 116
Eureka Montana USA
800 889 2839
http://www.silversnowball.net/
http://www.teapartysilver.com/
http://www.silverpatriot.com/
pstramer@eurekadsl.net
Skype: pstramer
http://www.paulstramer.com/

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