Dear Readers:Today, U.S. legislators failed to pass a $700 million "bailout" package for the failing banking and investment industries , and the expected occurred:
1. In excess of $1.3 trillion in market value (stocks, bonds and other publicly-traded securities) was lost following the news. In essence, we had a "Black Friday" on Monday. The NASDAQ, the Dow Jones, NYSE, and virtually every other trading forum or investment indexing service cratered under the pressure.
2. Announcements about precipitous increases in home foreclosures, massive joblessness, and a domino effect of cascading business failures screamed through the media.
3. Both political parties blamed each other (because blaming is much easier than actual problem-solving) for the failure to reach an agreement on a rescue package needed to save the entire U.S. economy. If Wall Street fails, Main Street fails -- there is no clear division between the two, as they are symbionts. Besides, you smart folks understand that any bailout is merely temporary symptomatic relief. The underlying system is riddled with gangrenous infection.
4. Widespread pessimism is enhancing this negative wave -- a typical "self-fulfilling prophesy" at work, deepening and expanding the negative spiral. These fears are causing individuals to either A) become paralyzed and completely decision averse, or B) become fanatical liquidators while no purchasers have the willingness or the discretionary capital to buy. Prices plummet to the extent that sellers cannot sell, so they withdraw, and buyers don't want to buy, so they keep their wealth in the form of cash. Ironically, the cost of every service or product of necessity is rising, as consumer wealth is declining, and family incomes are decreasing .
5. Individuals are trying to convert assets to cash (further devaluing the U.S. Dollar, and drying up all of the capital markets), or to gold or foreign currencies. All of the foreign securities markets are experiencing adverse reactions and substantial value losses -- this crisis is worldwide, with the U.S. at its epicenter. We are indeed a world leader!
6. Banks have all but stopped making loans, putting our leverage-powered, low-savings-oriented economy into a state of severe contraction...almost paralysis.
7. Americans are not planners. They react by first reflex, follow fads, and do not prepare for delays and failures. Americans are, by their nature, optimistic, and they tend to believe that all negative events are aberrations. Like the old boxer, they keep coming back regardless of how shattering that last punch was.
Where is the interesting news? Gold is climbing in value, and heralding a rise in the value of tanigibles fueled by a flight to quality. It is almost primal. When institutional markets or economies get shaky, individuals would like to put their wealth in a form where it is tangible. They want to visit it, see it, weight and assay it, touch it, comformt themselves with it.
Generally speaking, it is difficult for the ordinary Main Street investor to get cozy with an option, a derivative, short selling, or fiat money. Humans want TANGIBLE things...teddy bears in bed when it's lights out. We inherently equate value with tangible when pieces of paper (which comprise our 401 K or Roth IRA, or perhaps our Lehman Bros. pension) become worthless overnight.
I haven't mentioned THORIUM, or THORIUM ENERGY, INC. I don't have to. While reading this, you were already making the leap from gold to thorium. There are, of course, some differences...gold has a quoted aftermarket with an accepted pricing mechanism, while thorium is not trading (YET) on any of the major recognized exchanges, despite the growing body of evidence in private deals that its value is increasing steadily.
The other difference is that you can make beautiful necklaces with gold (it is shiny and malleable), and the only thing you can do with plain-looking thorium is power the continuation of civilization.
Thorium is tangible, and it has absolute utility. It represents a true store of value.
Think thorium.
--THORIUM ENERGY, INC.
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