Posted: Sep 30, 2008 05:28 pm EDT
(TheOceans.net) Yesterday the stock market plummeted 700 points. "We just lost 1,3 Billion," screamed news journalists, "and whose fault is that?!" Today we regained 500 points, yet not a word about whom to credit for the one Billion "profit."

Blame is tossed around along with panic, totally against the rules of survival posted at ExWeb only last week.

A tale from Bequia

To some explorers, the current situation brings to mind Peter the "Fixman" story on hurricane Ivan's visit to the tiny tropical island Bequia in 2004:

Prime Minister Comrade Ralph Gonzales came on the air at five minutes to every hour to calm and reassure his people that all would be saved and safe if they just stayed indoors, then after his reassuring words they would play Bob Marley’s "Everything’s gonna be all right" on the radio.

At the same time the prime Minister was flown out of the state to a waiting British warship.

Church leaders organized a prayer-chain and "lo and behold, Ivan did a wobble and veered a bit to the south as if Someone had told Ivan to do so because not enough people further south down in Grenada took part in the praying scenario," Peter reported.

Every now and then ExWeb gets story pitches from think tanks and others - often stellar but not right for our community. Here goes one from a trend research institute we just couldn't resist in times like these.

Code Red Emergency: Survival Measures Required
By The Trends Research Institute

RHINEBECK, NY 29 September 2008 -- The Greatest Depression has begun. Conditions will drastically deteriorate. We urge you to consider taking proactive and protective measures to secure your future before it's too late.

The "Panic of '08" that has gripped the financial markets is but one symptom of a much greater crisis. Empire America is collapsing. The crash is under way. Those in denial refuse to see it. Others pin their hopes on politicians, bankers and brokers to miraculously repair the irreparable.

There is no denying the economic facts and figures. While there is no turning back, there will be short-term respites. Use them wisely.

Every day the news is more dire than the day before. And it's not only America that's crashing. As the giant falls, the earth trembles. Economic chaos, social upheaval, political strife ... global markets are melting down. There are runs on banks. Wars - hot and cold - rage and simmer. The proof is everywhere.

Too Big to Drown

In America, political insiders and the economic high and mighty know the ship is sinking. As they ready the lifeboats to save themselves, they keep assuring the worried masses they know what to do to keep the ship of state afloat.

Do you believe the captain? Do you believe the crew? These are the people that ignored the warning signals and willfully charted the course toward destruction. Are they going to save you? Us?

Will Washington put your interests above their special interests? Who do you look up to with a greater mind than yours? Bush, Paulson, Bernanke, McCain, Obama, Dodd, Reid, Pelosi, Frank, Laurel, Hardy?

By their deeds you shall know them. They are committed to saving the "too-big-to-fails" while leaving the "too-small-to-save" to save themselves.

Know where the exits are. Make sure you can find your way to the lifeboats. Understand that at a certain point, the hatches will be closed, and under the "rules" of government, only first class passengers will have guaranteed seats.

Psychotic September

The pillars of America's financial system were destroyed when the Twin Towers were toppled on 9/11.

The foundation of America's free market capitalism were destroyed when an Economic 9/11 took out Merrill Lynch, Lehman Brothers and A.I.G. ... the world's largest investment banks, brokerages and insurance companies. Yet, despite the deafening sound, when the biggest bank failure in US history happened several days later, it barely made the headlines that Washington Mutual, with 2,300 branches and $310 billion of assets, had gone under.

As we write this, Wachovia, the sixth largest bank in the US, is being gobbled up by the imperiled Citigroup.

Do you need more proof?

Today the Dow plunged 778 points. We are facing a crisis of unparalleled proportions. You must also rely on your own wits and good judgment.

No one will save you but yourself.

Trendpost: We do not provide financial advice. We are trend forecasters. We forecast many more bank failures occurring across the United States and around the world. We forecast a high probability for the government to call a bank "holiday," at which time withdrawals will be drastically limited. Thus, while deposits will be FDIC insured, restrictions will be imposed on withdrawals.

We forecast gold will hit our predicted $2000 mark. Absent draconian government measures, similar to the 1933 Emergency Banking Relief Act which gave the Secretary of the Treasury the authority to "relieve" (confiscate) the gold of private citizens, prices will surpass $2000.

© MMVIII The Trends Research Institute ®

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