You can watch the stock market have a 1000-point drop in a matter of minutes and know that something is up. As the media gives us the most ridiculous explanations packaged up in an “everything is fine” pacifier, I have to sit back in awe of the sheer comedy of their explanations.
I won’t go into detail, but “somebody put too many zeroes on a sell order”??? Come on!
In years and years of computerized trading, nobody ever put a person or computer in charge of checking trading orders before they get executed? The largest sell order in the market’s history just goes on through like a burglar entering into the White House?
You know, I’m pretty sure that with as hard as Wall Street guys party with our loot, once or twice a hungover, red-eyed trader stumbled into work and hit some major typos on his order without bringing the whole thing to its knees.
Spit Bubbles & Golden Tickets
I spent most of the weekend exchanged funny faces with my newborn niece. As you know, this kind of thing is really a blast. I’m being serious; I wouldn’t have traded it for any TV show, movie, or expensive meal out on the town, that’s for sure.
The other thing I did this weekend is make your Golden Ticket… because you might be thinking “enough is enough.”
I know you want to protect your finances, heck, that’s why your interested in the Self-Directed IRA & Solo 401(k). And sometimes it takes an opportunity that only the brain-dead wouldn’t jump on.
And that’s why I’ve made your Golden Ticket.
I’ve hinted at some Self-Directed IRA/401(k) projects I’ve been working on, and now it’s time to put an end to the ambiguity. I’m nailing down a date… tomorrow.
Multiple missed deadlines, my entire team working like madmen (and madwomen), and we’re ready to commit.
We’ve been working so hard for you that we haven’t accepted a new Self-Directed IRA LLC or Solo 401(k) client since February! Do you have any idea how hard it is for me to tell would-be clients to go away?
I couldn’t stand it, so tomorrow it all comes out in the open. If you’re not on my email list, get on it by sending in the contact form here.
“Behind The Scenes”
As explanations for last week’s severe crash and rebound are piling up, the only thing I can think about is my inside communications with the Federal Reserve.
I’ve attended several meetings and functions with various government agencies and officials (including the President, but I don’t think he knew I was there, lol). Among those are a few at or with the Federal Reserve.
The most recent was a Federal Reserve banquet where we were addressed by one of the “Powerful Twelve” members of the FOMC. That’s the Fed committee that decides on interest rates, how much inflation to create, and ultimately controls (or at least tries to) the government and economy.
He told us that the Fed has multiple layers of disaster avoidance strategies. This is where they take drastic measures to try to patch financial markets up when they fall apart. Most of my fellow attendees were just nodding their head as he explained they are fully prepared to print up money to buy securities if the stock market crashes.
While it may not be clear whether the Fed caused the mysterious re-bubbling of the stock market since March 2009, this could explain what happened last Thursday.
If they admit, almost brag, that they have emergency measures to buy Wall Street securities with freshly printed funny money in order to save the stock market from imploding… regardless of the real cause of Thursday’s crash, wouldn’t the Fed have stepped in?
While you know that Congress can’t spend money without a little bit of transparency, the Fed feels its big weapon is the ability to make big moves without anyone knowing. Saving the Day = Inflation.
What to Do About It
Just after Thursday’s crazy event, but before you fall back into your normal patterns, you have this rare opportunity to take action to secure your wealth.
And that’s why I’m committed to giving you your Golden Ticket tomorrow. Make sure you get on my email list.
See you tomorrow!