From this day forward...You are at risk to losing everything...Protect your self NOW...


Too Much Risk: $1.2 Quadrillion Derivatives Market Dwarfs the World's GDP



Uncertainty Restores Glitter to an Old Refuge
It is the resurgent passion of the doomsday crowd, a bet that everything will go wrong. No matter what has you worried, they say, the answer is gold. The New York Times reports.


Bankruptcy filings are nearing the record 2 million of 2005



Gold Could Hit $1300 in Next Few Days: Strategist


Australian branch of The Daily Reckoning: The Housing Non-Recovery


Silver? The Swiss franc? Fear sends investors to safety



Hedge Funds Hit in "Monstrous" May



Bernanke All But Rules Out Double Dip


Inflation Corroded Copper Coins (The Mogambo Guru dispels the coinage "hoarding" myth.)



Retail Sales Drop 1.2% in May, Biggest Dive in Eight Months



World Bank Warns of Double-Dip Risk


US Faces "Severe" Losses on AIG, Commission Warns.


High Unemployment May Be Here To Stay- CNN Money


US Trade Deficit Hits 16 Month High- Telegraph


Banks Seizing More Foreclosed Homes- CNN Money

I'll close this column with the contents of an e-mail I received from Washington state reader, S.A. It's certainly food for thought... and S.A. called it "thought for food".

"While the crash only took place six months ago, I am convinced we have now passed through the worst - and with continued unity of effort we shall rapidly recover. There has been no significant bank or industrial failure. That danger, too, is safely behind us." - Herbert Hoover, President of the United States, May 1, 1930

"...by May or June the spring recovery forecast in our letters of last December and November should clearly be apparent..." - Harvard Economic Society [HES] May 17, 1930

"Gentleman, you have come sixty days too late. The depression is over." - Herbert Hoover, responding to a delegation requesting a public works program to help speed the recovery, June 1930 "

...irregular and conflicting movements of business should soon give way to a sustained recovery..." - HES June 28, 1930 "

...the present depression has about spent its force..." - HES, Aug 30,1930

"We are now near the end of the declining phase of the depression." - HES Nov 15, 1930

"Stabilization at [present] levels is clearly possible." - HES Oct 31, 1931

"All safe deposit boxes in banks or financial institutions have been sealed...and may only be opened in the presence of an agent of the IRS." - President F.D. Roosevelt, 1933

Now think about this one from obama...

Obama pleads for $50 billion in state, local aid
posted by Eric De Groot at Eric De Groot - 51 minutes ago
The economic malaise is not restricted to Europe. As previously suggested, more stimuli are required. The current proposal defines it as state aid. With the Fed on hold indefinitely, and no political will ...

As Mark Twain said... "history never repeats itself, but it rhymes."

http://www.caseyresearch.com/crpmkt/gsdOptIn.php