INSTITUTE of HIGHER EARNING: Higher Earning Report Newsletter for 02/23/09

The 'Wealth Wednesday' calls gave me a sense of financial empowerment.
I learned to manage my finances and plan for retirement on a modest budget. Gordon helped me outline a game plan based on my personal risk tolerance. He gave me hope that I could provide for and protect my family during good times and bad. Not too often are you presented with an opportunity to better yourself at practically no cost. The knowledge he provided will pay off for the rest of my life. I feel lucky to have met him.
~ TERRY LASKOWSKI, Indiana

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Our FREE 'Higher Earning Report' e-mail newsletter is published occasionally by The Institute Of Higher Earning. Helping you trade and invest successfully so you can retire debt free and fabulously wealthy before you're too old, tired or senile to enjoy it. Besides, why should the kids have all the fun? Click any link below to browse back issues of the 'Higher Earning Report' from the past year.

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Issue for ...
February 23, 2009
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JOIN US THIS 'WEALTH WEDNESDAY'... IT'S FREE!
Join Gordon this Wednesday night at 8:00PM U.S. Eastern time (5:00PM on the left coast) and get prescient answers to your questions about Forex trading, debt elimination, saving and investing, fiat money, market sentiment, precious metals and how to protect your family in the event of a cataclysmic meltdown of Obamanation.

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Dear Friend,

I don't know how to say it any more clearly than this. The U.S. stock market isn't close to done collapsing. In fact, I think it's heading down to breathtaking lows. The Dow just closed at levels not seen since 1997. That's a dozen years of retirement growth wiped out. But we still ain't seen nuthin' yet.

If the public is feeling numb already, just wait until the next leg down leaves those still in a state of denial in a state of total shock. I'm talkin' another 25% down from here, minimum. We're sitting at 7,115 as I write. Look for 5,000-5,500 on the Dow. Get ready for major bank failures, total nationalization of the U.S. economy, the collapse of the European economy... basically, Round 2 in the global economic meltdown. History will record these times as the Great Crash of 08-09, the Greater Depression and similar terms.

[... just a minute... excuse me, please... wiping tears of joy from my eyes... sniffle... honk... sorry... there, that's better]

Whew. I can't believe I'm getting to live through this. Praise God and pass the stimulus! Or is that stimuli? Man, oh man alive. Trends like this don't come along every day. And certainly not with a gubbermint guarantee. With GovCo involved, things absolutely can be counted on to get much worse, and (praise the Lord and pass the profits!) spread out over a much longer time frame than if natural forces (like, say, a Free Market?) were left to correct on their own.

In other words, a total crash that could already have happened and been over by now will get protracted, making it all the easier to play the drops as the pain gets spread out over years to come, possibly decades. Folks, for a contrarian trader like yours truly it just doesn't get any better than this (sniffle.) It's a dream come true (honk, wipe.) Pinch me! After all, it's not every generation that gets trades like this dumped right in their lap -- a massive, protracted trend with a gubmint guarantee, and plenty of move left to go. Yeehaw! Like I said, pinch me.

I mean, you couldn't have made this up if you tried. Well, that's not true. I've got a shelf full of books here in my den that predicted exactly what's happening right now. It was inevitable. The tough part was always the timing. Long range timing is close to impossible. Too many things can interfere and change the course of history. Random things, like presidents throwing up on prime ministers or choking on pretzels. It's like the guy who jumps out of the Space Shuttle. It's hard to say exactly when he'll crater at full terminal velocity (sorry), but you know it's going to happen. It's just a matter of time. Same thing with a mega-overblown, debt engorged economy. You know it's going to crater. It has to. You just don't know when. Well, when is now.

Basically, here's what you want to do, keeping in mind of course that I am not a licensed financial planner since I find collars and tags uncomfortable. You want to do three things.

1. Short the entire stock market;
2. Buy numismatic silver;
3. Keep a lot of cash on hand.

As for shorting stocks, just buy LEAP put options on the major indexes. They're good for a couple of years which should give the economy plenty of time to crash ALL THE WAY.

With regard to silver, we just picked up some nice 1887 Morgan silver dollars graded MS64 in sonically sealed blister packs this past week for the kids for $50 each. I wouldn't be surprised to see those worth 'mega' times that amount one day (my daughter defines mega as 'totally cosmic'... just think of it as a really LARGE number.)

As for cash, I'd suggest (if I were to give advice, that is) keeping a minimum of 90 days' worth of Federal Reserve Notes on hand: some in the family safe in case you get robbed (so the burglar thinks he got everything) and the rest hidden around the house, in jars buried in your neighbors' back yards, in a nearby state forest using GPS to mark the various locations (with an 'X marks the spot' map as a backup just in case WW III breaks out and the Chinese shoot the satellites down.).. In other words, get creative. Just remember not to tell anyone what you do.

'Three can keep a secret if two are dead." -- Benjamin Franklin, in Poor Richard's Almanac

I didn't vote for Obama because I make it a practice not to vote for sociopaths, plutocrats, oligarchs, dictators, hedonists, fascists, seditionists or similar types. Which means I actually haven't voted yet since I turned 18, but I'm hopeful for the opportunity before I die.

But this Obama fellow sure has 'my vote now! With the Obomber in the White House and his friends Nancy, Harry, Barney and Chuck backing him up, things can only get much worse moving forward. Of course, they were going to get much worse anyway. They had to. But now they'll get much, MUCH worse and that spells T-R-E-N-D which rhymes with FRIEND and that spells POOL!

Excuse me, I need to go check Kitco to see how silver is doing. Then I plan to watch some Lone Ranger reruns. Now there's a guy who could see into the future. Hi, Ho, Silver... away!

And May The Pip Be With You,

Gordon Philips for
THE INSTITUTE OF HIGHER EARNING
gordon@higherearning.com

.· ´¨¨)) -:¦:-¸.·´ .·´¨¨))
((¸¸.·´ ..·´ When you wish -:¦:- -:¦:-
-:¦:- ((¸¸.·´* upon a pip... -:¦:- -:¦:-

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PUBLISHED BY:
The Institute Of Higher Earning
P.O. Box 113
Milford, NH 03055 USA
800-504-2340

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WHAT IS THE HIGHER EARNING REPORT?
* A highly prestigious Internet newsletter.
* A deeply cathartic literary experience.
* A financial air bag for your portfolio.
* A total waste of innocent electrons.
* A compass for your retirement ark.

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WHY THE INSTITUTE? MAYBE BECAUSE YOU...
* Still work at a J.O.B.? (Just Over Broke.)
* Got drunk and hired a financial planner?
* Aren't getting enough pips? (what's a pip?)
* Got too much month left at the end of your money?
* Got so much debt you're thinking of selling it on Ebay?
* Feel like they threw a prosperity party and you weren't invited?
* Need some solid education and support from some very nice people?

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YOUR EDITOR
Gordon Philips, Senior Researcher, Head Trader, Custodian, Home School Principal, Sibling Rivalry Negotiator, and Complaint Department Manager for the Institute

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OUR SLOGANS
'Conquering Debt, Mastering Money.'
'So Many Trades, So Little Time.'
'Build Your Own Ark. Quick!'
'What Goes Up...'

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FAVORITE SONGS ABOUT MONEY:

--- Bull Market Music ---
'Million Dollar Girl' -- Eddie Money
'For The Love Of Money' -- The O'Jays
'This Golden Ring' -- Gary Lewis and the Playboys

--- Bear Market Music ---
'Ain't Too Proud To Beg' -- The Temptations
'Been Down For So Long It's Looking Like Up To Me Now' -- Junior Johnson
'Brother, Can You Spare A Dime?' -- Various Artists

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LAST BOOK READ:
'Extraordinary Popular Delusions And The Madness of Crowds' -- by Robert Ornstein

CURRENTLY READING:
'Inside The House of Money' -- by Drobny

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DISCLAIMER
Information from The Institute Of Higher Earning is provided for educational and informational purposes only. No one on our utterly terrific staff is licensed to utter personalized financial advice. Before trading or investing we suggest that you seek the counsel of a registered financial advisor who is thoroughly versed in the equities and currency markets and can demonstrate long term, consistent success in both. Warning: this may be a protracted search. Our work is based on what we've learned as financial journalists and graduates Minima Cum Laude from The School Of Hard Knocks. It may contain errors and you shouldn't make any investment decision based solely on what you read here (watch MSNBC first ;-.) There is risk inherent in all forms of trading and investing, from baseball cards to church bingo, so don't trade or invest with money that you cannot afford to watch go up in smoke and still sleep well. If in doubt, consult spouse.

Thank you.

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