January 22, 2009
Nick Guarino began as a
dishwasher. He was responsible for breaking the
Monica Lewinski story, he told his readers when Gold
was $260 / ounce that it would go to $1000 and oil
at $18 it would go to $100 - I got to watch this all
happen - but I could afford to take advantage of the
moves. You can do what he says here - or you can
more - or nothing - this is your choice. I see
this as Holistic Investing because
it takes into account what is going on behind the
scenes and not what the Rich and the Politicians
want us to believe. I leave it to you to judge
your path on this matter. May this shed some light
in a very scary and dark area for many right now.
Government made the mistake of
the century. It bought into the bankers' line
of crap, that their banks are too big to allow to
Banks would have us believe their
failure will destroy the economy. The exact
opposite is true. Their continued subsidy --
by U.S. taxpayers -- will eventually bankrupt
"We are too big to be allowed to
This lie, out of the pits of hell,
is costing America everything. Because of it,
governments around the world -- especially the US
and UK central banks -- are literally bankrupting
And for what? To try
and save dead-broke, lying, scumbag banks.
Banks that in reality are too broke and too big to
This is Mission Impossible, Wall
Street style. It's doomed to fail.
Bankers created hundreds of trillions of dollars in
worthless derivatives. These derivatives have
turned into Frankenstein monsters. They are
bankrupting the planet.
For years, we told
you that derivatives allowed banks to book profits
they did not have. They let them hide massive
We also warned you that banks still
hold these massive derivative loans off their books.
Often they keep the derivatives offshore entities so
they don't have to disclose them on their balance
sheets. That makes it impossible to know just
how much they are losing -- until the lights get
turned off due to non-payment.
what? It's lights out for the world's biggest
banks. They need hundreds of billions
of dollars of cash infusions each quarter.
Otherwise, they will shut their doors forever.
Depositors will see the biggest losses ever.
FDIC insurance is worthless: they don't have the
money to cover even a small fraction of the losses.
So they will freeze your account, and severely limit
withdrawals for years, as they nationalize these
The time will come when everyone
figures out the truth: that these banks are broke.
The money isn’t there. All they have are bank
statements that are complete fabrications.
Unfortunately, by the time the public realizes this,
most governments and people will be stone cold
The derivative market created
$800 trillion in debt. Some of that money was
spent on overpriced houses. It created the record
breaking real estate bubble. Houses as the bubble
breaks that are now worth less than half their
purchase price and still dropping in value.
That means that money loaned is now gone forever.
It will never be paid back.
$800 trillion is
15 times the total GDP of all nations on earth,
combined. Think about that. 15 years of
all work, goods and services -- for the entire
planet -- lost in over-leveraged, worthless debt.
Yet the banks still claim these worthless loans
as "assets" on their books! Unbelievable.
Forget Bernie Madoff's scam. His $50 billion
Ponzi scheme is penny ante stuff. Look at the
$800 TRILLION con, by the world's biggest banks,
perpetrated on the world’s masses. Now that's
a Ponzi scheme!
So far, $400 trillion
dollars of the derivatives debt have wiped out.
The rest of this debt from hell ain't far behind.
Every day more and more CDO's (collateralized
debt obligations) go broke. Hundreds of
thousands more homes go into foreclosure.
Thousands of companies go out of business.
Millions of people watch as their savings and
brokerage accounts shrink smaller and smaller. And
the economy is shutting down before our very eyes
because dead broke people don't buy much.
Look, this isn’t rocket science. The banks
leveraged themselves 100 to 1. Often more.
They loaned hundreds of trillions on home mortgages,
commercial real estate, automobile loans, credit
card debt and hedge fund speculation. That
debt is going bad all around the globe.
Every bankruptcy means the loans that supplied
financing have been defaulted on. Same with
every home foreclosure, every mall business that
closes, every hedge fund that shuts down. The
money is gone. No one has close to the cash
needed to cover the losses.
all those loans were heavily leveraged. Wall
Street sold them to banks, mutual funds, retirement
funds, money market accounts, insurance policies and
annuities. These bad loans are everywhere.
But most people don't know that the money managers
and funds they trusted with their wealth are
drowning in them. Their money -- often their
life savings -- are gone.
I told you that
so far the banks and people who bought these loans
have lost over $400 trillion. If government
wants to save them, it's real simple. Write a
check for $400 trillion.
Just one problem.
All the governments in the world, if they pool all
their resources, can only cover a tiny fraction of
Say they come up with $4
trillion... or $10 trillion... or by some miracle a
$50 trillion bailout package. That still is
not enough to save them. Not even close.
The bail out our little more than a publicity stunt.
A sick joke.
And if they don't come up with
$400 trillion (soon to be nearly $800 trillion),
somebody has to go broke.
In this case, a
whole lot of somebodies are going broke, all at
once. This has a name. It's called a
You can put on a happy face.
You can make speeches about hope and unity and
coming together. You can sing inspirational
songs till you are blue in the face. But none
of that will change a damn thing.
are simply too big. The bankers leveraged
every dime of people's savings. They put it
all on a roulette table in the world’s biggest
casino. And they lost. Now no
amount of money on earth can cover the losses.
This runaway debt will wipe out anyone who touches
Please take heed. If your money is
invested anywhere but in your mattress and the few
investments we show you its invested in this toxic
debt -- and I assure you they -- you will be
wiped out. Just like Madoff's suckers were.
is at risk of a wipe out that's money in your
money market fund. Your 401(k) retirement
account and IRA. Your S&L. Your stock
market mutual funds.
cannot and will not save you. And don't look
to the so-called government "guarantees". They
can't be honored: there simply is not enough
Government FDIC insurance
is like a shiny red fire hydrant, that has NO water
plumbed into it. It looks good. But when
the fire starts, it is worthless. And like
Madoff's victims, you are broke, even if you don't
know it yet.
Governments are desperate.
As you can see, no one knows what to do. They
are scratching their asses, trying to figure out how
to get out of this derivatives debt crisis.
They are spending trillions, to try and save the
dead-broke banks. To save their dead-broke
economies, that are collapsing under so much
The day of reckoning is
here. People are lining up, demanding their
money. More and more of these loans go bad
every day. That’s why the banks keep going to
the government, begging for billions more.
Citigroup has gone back to government again, for
another $30 billion cash and $100 billion in
government guarantees. So has Bank of America.
They will keep coming back, over and over again.
This sick joke will end when government finally runs
out of bail out money.
There is a solution
to all this, though. Forget the endless
bailouts. They will not work anyway.
Instead, let them go broke. That is how our
economic system works.
Don't try to save
the dead-broke banks. You can't. You
can't save the car companies. You can't save
the people who keep their money in the banks...or in
the funds that are choking on this worthless debt.
You can't save the money market funds, or the
retirement accounts. The money is gone.
It’s already been lost.
Get rid of the
rotten dead-wood. Let our resources go to
strong, healthy companies. This is the
self-regulating mechanism that keeps capitalism
alive and well. Capitalism without bankruptcy
is like religion without hell. Let the dead
broke banks go broke. Before they bankrupt
every business and government in the world.
But unfortunately for most everyone you know,
governments are not willing to do this. They
won’t let their banker buddies go bust. This
is especially true of the U.S. government, with its
new "bail everyone out" president.
the U.S. is making all the wrong moves. It is
repeating the fatal mistakes FDR made in the 1930's.
Results will be the same. A 10- to 15-year
long depression, where government takes over the
economy, and virtually everyone's standard of living
gets cut by two thirds or more.
you can survive and prosper
Your personal solution is very simple. If you
want to go broke with all your friends and
neighbors, simply do nothing.
Keep your money in the banks. Keep your assets
in money market accounts...in crashing stock
markets...in houses and real estate that collapse
further in value by the week...in retirement
accounts that must soon declare bankruptcy.
...or you can decide you don't want to
get wiped out. You do what the survivors of
the 1930s did: get the hell out of all these
sick "investments" while you still can. You
can take the steps I am outlining in our 5-part
Current Recommendation series to preserve your
wealth and take advantage of the extraordinary
opportunities these treacherous times present.
It's amazing how simple decisions are when you
admit the truth. Just a year ago, the public
thought we had a small credit crisis. Everyone
(except us) thought a nice government bailout would
quickly solve the problem.
We told you the
Wall Street experts were dead wrong. We said
the world was facing a global banking crisis of
historic proportions. One that would end in
financial collapse and depression. In fact, we
named the major banks and businesses that would
fail. We gave you many very successful
Now people realize there's a big
problem. Few know what to do. But never
fear, Big Brother and Obama have come to the rescue.
My friends, this means we
must gear up again. We must protect ourselves
from the latest social engineering experiment.
We must take advantage of the opportunities their
misguided efforts will present.
really want to rely on government for your future?
I guess if you are deep in debt...if your mortgage
is under water...if you lost half your investments
in the stock market, all your cash is gone, and you
are going bankrupt... all you have to hang onto is
hope. By all means, pray for a miracle.
But hopefully you listened to me these past
years. You sold your real estate and got out
of the stock market. You got mostly or
entirely out of debt. You have a stash of cash
in dollars and Euros in your lumpy mattress.
You bought zero coupon bonds and the Treasuries I
In that case, you are in a
very enviable position. You’ve seen your
wealth potentially double, even triple as everyone
you know lost everything.
You are way ahead
of the teeming masses. They must pin all their
hopes, all their future, on Obama and his plans to
nationalize the U.S. economy.
It would be a
huge mistake to throw your lead away,
believing in fairy tales. So here is what you
must do, if you have not done so already.
What You Can do:
First and foremost, sell all your remaining real
estate. Even if you think the market is
depressed. Please believe me, you ain't seen
depressed yet. The biggest wipeout in real
estate values is still to come. Get out now.
Otherwise, you will lose every dime you have sunk
into any and all real estate you hold.
(Possible exception, though still not
recommended: you already own your home free and
clear. You don't care about market values.
You are self-sufficient, with your own water supply,
generator, solar panels and wood-burning stove.
You have tons of cash on hand in your lumpy
mattress. You are located far away from the
masses, who will soon be broke and starving.
In other words, if you have a place far off the
beaten track, that carries no debt, and where you
can hole up in a crisis.)
Instead of owning
your house...RENT! Don't wait. Do it
now. In a few years, I will dramatically
change this recommendation. When there is
blood in the streets (maybe literally!), we will
scoop up bargain real estate for a few pennies on
the dollar. But now is not that time.
2. Raise even more cash! Cash is
king. I mean real, hard cash. You should
stockpile a mountain of cash -- real money -- in
your lumpy mattress. Both Euros and dollars.
This is my most important suggestion to you.
(Note: I just posted a Current Recommendation
Part II on the Insiders website. This reco
gives you a very interesting Euro trade that is
opening up. Also a currency that is sure to
crash in value, that you can take advantage of.)
Of all the recommendations I have ever given
you, the Big Kahuna is to stuff your mattress with
cash. Believe it or not, this reco could make
a boatload of money for you.
Yes, I know
that is a hard pill to swallow. Let me
explain. We are in a full-blown depression.
Every institution in the world is at risk.
There is no way to know which are the good ones, and
which will get the ax to the back of their heads.
In fact, many bad institutions will drag down the
good ones with them.
So don't risk it.
Cash in the mattress is the safest bet you can make.
It could also turn into one of the most profitable.
Remember, you aren't giving up yield.
You are just collecting interest payments in a way
you never have before. It's a depression.
As you are seeing, prices are falling. That
means one thousand dollars put away today could buy
ten thousand dollars worth of quality assets
in the future.
In a few years, a thousand
dollars may be worth what five or ten thousand
dollars are now. By 2014, quite possibly $1000
will buy what $100,000 buys today. You will be
able to buy cars and homes and steak dinners, for a
fraction of the price you pay today.
Another key point. If you keep your money in
banks, you run the strong risk of losing it all.
Banks turn your money into debt. That's how
they profit. But we are in a global wipeout.
Debt obligations are becoming worthless because you
will never get paid. So even if your bank
promises you a 5% return, that does you no good when
they wipe out, and you lose all your money.
To be clear, my most important recommendation is
that you empty your bank accounts. Same with
ALL your money market and stock funds. Stuff
your mattress with dollars and Euros. (As you
will see in my new Insiders tape, the timing for
Euros could soon be especially good.) And
don't forget U.S. T-bills, T-bonds and Strips.
Current Recommendation Part II is now up on the
Insiders website. It gives you my critical
strategy for your conservative holdings. That
is money you can't afford to lose. It should
make up 90% of your wealth.
I tell you how
to make sure you hold on to your wealth in the
Depression and Obama years. No small feat with
the coming challenges. I also tell you how to
invest some of it, in what I believe are
Finally, I show
you how very little money could turn into a fortune.
You could easily grow your wealth by 10,000% or more
over the next several years. Yes, I know that
sounds incredible. But again, we are in a
depression. You have never experienced this
before. Neither has anyone else. The
rules have changed. Almost no one understands
this critical fact.
I want you to think
about this. Never have so many people lost so
much wealth in so short a time. Never have so
many people been surprised and fooled.
you held onto your real estate, you have already
lost hundreds of thousands of dollars. Perhaps
millions. Same with stocks. Shit, they
weren't supposed to do that!
The majority of
people you know are a whole lot poorer today than
they were even six months ago. But here is the
Many believe the worst is over.
All those government promises, of endless bailouts,
have fooled them.
I swear to you, these
bailouts will NOT work. In my opinion, they
will make things far worse. They will bankrupt
the country. I am convinced the worst is yet
I am proud to say that if you
followed our conservative recommendations you should
not have lost a dime. In fact, you could have
made a small fortune. I have to admit, I am
taken aback when the 'experts' tell the people that
no one saw the wipeout coming. Well, I saw it
coming! I sounded the warning for you.
Long, loud and clear.
They say no one made
any money last year. Bull. You and I
both know my reco's made money. Quite a
handsome sum, to boot.
Please go to the
Insiders website, for important observations and
money-making recommendations for your conservative
holdings. Current Recommendation part II has now
Guarino, Dw. X
Dish Washer Extraordinaire
P.S. If someone you or someone you
care about needs to protect their wealth or needs to
make some fast money, send them to the link below.
I honestly believe it’s the best gift you could give
them. It could save their and for that matter
you financial future, even your very life.
Click here to see Nick's special report titled
"World's Banks Going Bust!"