Willie who has track credibility is predicting financial system melt down.
Also, he is the 'finacial analyst's' heir of Richebacher the European Paul Volker. He is not going to throw his credibility away by not being able to document what he is stating.
If the NASDAQ didn't feel good and the recent R-E collapse was uncomfortable.
Then i believe we are all going to feel long and lingering deep pain if this
plays out as Willie is describing. It's flipped from R-E to municipal bonds and those that insure the bonds and they neither have the immediate solvency (liquidity) or resources to handle a bond market melt. The muni bonds are being down graded as fast as the bean counters can peddle.
You may want to read it as a warning because we are not going to get any red light flashing alerts from our leaders. And i assure you they are very aware of what is happening and have no means to stop it.
First in my opinion it will be bankruptcy at a depression level and not limited to the U.S. though this seems to be the generator for the melt.
So all the usual safe places that might be recommended are no longer being suggested. And that's including government bonds.
I assume that is because.... the government..... which is controlled by the mega banks and corporation will be expected to bail out the five major U.S. investment banks and cover the losses for municipal bond insurance corporations aswell. I didn't say all the bonds as some will just fail and if your pension fund is holding those or your what ever it will be very serious.
And then it will be and enormous transfer of actual wealth to those that control wealth at a international level. Is this a conspiracy? I doubt it but the cycle this time will be magnified.
And none of us will be allowed to sit it out.
http://www.321gold.com/editorials/willie/willie122107.html 
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