"Goldman Sachs and Wells Fargo warn 'delusional' investors on stocks." So what's your portfolio looking like today?

So what's your investment portfolio look like today?

On stocks, are you a bull or a bear?

I'm neither. I'm still into "asset preservation" and currency diversification. Commodities, food, oil, foreign markets, multinationals, dividend payers, foreign currencies, gold, silver. Knowing Bernanke is doing all he can to start a new bubble somewhere (hint - it's already well underway) while destroying the dollar.

Some companies are going to be going away these next few months, others will see their stocks continue to get pummeled, while others will do just fine. And there's a LOT more surprises to come.

I have one word for this market: Dangerous. Invest carefully. Read Crash Proof. Read Manias, Panics and Crashes. And don't put all your eggs in the US dollar. Cash is King - but cash comes in many forms, not just Bernanke's US dollars.

Wall Street faces the growing risk of an equities bloodbath in coming months as the credit crunch spreads to the wider economy and earnings crumble, according to a pair of grim reports issued by Goldman Sachs and Wells Fargo.

David Kostin, the chief US investment guru for Goldman Sachs, expects the S&P 500 index of Wall Street equities to plummet a further 15pc over the "near term" as companies scramble to lower their outlook for this year.

"Although only a few firms have reported first quarter results, early signs are awful. We expect a swath of lowered profit guidance," he said in a research note published today, entitled 'Fasten Seatbelts'.

Mr Kostin, who replaced the ever-bullish Abby Cohen as chief strategist in December, expects the S&P index to reach 1,160, which would amount to a fall of 27pc from the bull market peak of 1,576 in September and enter the annals as a relatively severe bear market.

Scott Anderson, chief economist at Wells Fargo, is equally pessimistic, describing the bullish views of some market players as "bordering on delusional".

"The equity markets have not yet priced in a prolonged downturn in economic growth in my opinion. We are still in the early stages of the credit crunch. Earnings estimates for the second half of the year are likely still far too high," he said.

IMF: "Food-Price Inflation May Trigger Starvation"

Thank you Casey Serin.

Thank you mortgage brokers.

Thank you realtors.

Thank you investment bankers.

Thank you Alan Greenspan and Ben Bernanke.

Thank you ethanol farmers.

Thank you George Bush.

Thank you General Motors.

Thank you Chinese communist party leaders.

And thank you American consumers and Wal-Mart shoppers.

You are now about to starve millions to death.

Hope it was worth it.

Donate to the World Hunger and Relief fund here. And stop using ethanol, stop buying Chinese crap at Wal-Mart and start connecting the dots.

April 12 (Bloomberg) -- Further gains in food prices would be ``terrible'' for the world's poor and throw hundreds of thousands of them into starvation, International Monetary Fund Managing Director Dominique Strauss-Kahn said.

Governments throughout Asia, Africa and the Middle East are seeking to combat food inflation and avoid social unrest by curbing exports or lifting import duties on basic food staples such as rice. Global food prices surged 57 percent last month from a year earlier, according to the United Nations, and the World Bank warns civil disturbances may be triggered in 33 countries.

If food inflation keeps accelerating at its current rate ``the consequences will be terrible,'' Strauss-Kahn told reporters at the IMF's semi-annual meeting in Washington today. ``Hundreds of thousands of people will be starving, leading to a disruption in the economic environment.''

Will Ben Bernanke and the Fed just say "f*ck it" and take rates down to 0% today?

He's gonna get there anyway, so might as well do it in one shot. They'll be calling him "ZIRPpy Ben" soon.

The dollar is f*cked. It's screwed. It's FUBAR. It's toast. It's dead.

Thank you Ben Bernanke. But at least we were warned.

So what do you think Ben's gonna do today?

HousingPANIC urges Congress to send every American a million dollars in cash - and Ben Bernanke would likely think this was "reasonable"

I can't believe what I'm hearing today during Helicopter Ben's Senate hearing. After they send the checks out they should also pave the streets with gold, buy everyone a round at the bar, and of course, give everyone "free" healthcare.

We're $52 trillion in the hole, the dollar is tanking, inflation is roaring, and Helicopter Ben is telling our corrupt idiots in the Senate that they should be pushing out checks to Americans. Unreal.

This is sick. Seriously, it is sick. Ben Bernanke is a traitor, he is an idiot, and this needs to stop. Now. And any congressman who votes for checks to be sent out to Americans in an election year should be thrown out of office in November for corruption, recklessness and incompetence. And then they should all be arrested.

History will not be kind. And the US dollar is toast.

(thanks malcolm for the photoshop - love it!)

Ben Bernanke is an economic terrorist - US inflation soars and the dollar is destroyed and he's getting ready to make it even worse

I hate Ben Bernanke. He knowingly made inflation soar and destroyed the US dollar in order to bail out his banker buddies - and he even failed there.

Ben Bernanke should be arrested for treason against the American people. If you earn, spend or save US dollars, Ben Bernanke is your declared enemy. He is an economic terrorist and should be fought with any and all legal means available. There should be protests outside of the Fed's offices, and Bernanke should be hounded like the scoundrel he is.

It's time to fight back people. Take this battle to the streets. Vent your rage. Contact your corrupt congressmen. Demand action.

Or just say f it, admit defeat, find a job that pays Euros, and buy gold.

Wholesale Prices in 2007 Up 6.3 Percent

WASHINGTON (AP) — Wholesale inflation last year shot up by the largest amount in 26 years while retailers suffered their worst December shopping season in five years as mounting economic woes caused consumers to put away their wallets.

The Labor Department reported that wholesale inflation was up 6.3 percent for all of 2007, reflecting a huge increase for the year in various types of energy costs ranging from gasoline to home heating oil.

Iran nukes the US dollar at OPEC meeting

Cheney isn't gonna like this one!

Meanwhile, Ahmadinejad has a point - the US is taking the oil, and leaving behind little green IOUs. At one point, the suckers wake up.

This is gonna get ugly.

Ahmadinejad: OPEC Members Interested in Converting Cash Reserves Into Non-Dollar Currency

RIYADH, Saudi Arabia (AP) -- Iranian President Mahmoud Ahmadinejad said Sunday that OPEC's members have expressed interest in converting their cash reserves into a currency other than the depreciating U.S. dollar, which he called a "worthless piece of paper."

"They get our oil and give us a worthless piece of paper," Ahmadinejad told reporters after the close of the summit in the Saudi capital of Riyadh. He blamed U.S. President George W. Bush's policies for the decline of the dollar and its negative effect on other countries.

"All participating leaders showed an interest in changing their hard currency reserves to a credible hard currency," Ahmadinejad said. "Some said producing countries should designate a single hard currency aside from the U.S. dollar ... to form the basis of our oil trade."

Ron Paul lays down the truth, and then Ben Bernanke spews lies. Here's the Ron Paul vs. Ben Bernanke youtube video

The establishment will continue to paint Ron Paul and his supporters as "fringe" and as "loonies". Why? Because they don't want people to come to understand The Big Scam.

Folks, if Ron Paul gains traction, his personal safety may be at risk.

Here's RP vs BB during yesterday's Congressional testimony. I wish these two had an hour, not 6 minutes. And I wish Bernanke was under oath.

RP ponders:

* Nobody asks where the bubbles (and crashes) come from or what causes inflation
* Artificially low interest rates were a distortion
* The Fed is hiding the increase in money supply by not publishing M3
* The government's CPI readings are bullsh*t, are fudged and are numbers that nobody believes
* Americans who save dollars have just gotten robbed by 10%
* How can we solve inflation with more inflation?

Bernanke responds, with my comments:

* Money growth has been moderate over the past few years (WRONG - A BALDFACED LIE)
* The Fed is doing what Congress wants them to do - look at employment and inflation (GRADE: F)
* The Fed wants to make sure prices remain as stable as possible (SEE THE PRICE OF OIL AND GOLD LATELY?)
* People who save dollars and buy things with dollars aren't hurt by inflation (IS THIS MAN REALLY THIS DUMB, OR IS HE A SMART LIAR?)

The US Government, taking you for fools, stopped publishing the money supply figures (M3) a year and a half ago. Now we know why.

The government truly takes the governed for fools in America today.

Sadly, in most cases, they're right.

For the informed, here's M3 reconstructed. And it's ugly. REALLY ugly.

I remember the day the government stopped publishing M3 (March 23, 2006). Hardly a story to be found in the MSM. Of course, we made a big deal out of it. Looking back since then, I should have continued to make a big deal out of it. So now I will.

Because Ben Bernanke hates you.

Anyone buy eggs or milk lately?

Ben Bernanke hates the poor and middle class.

And he's just getting started. Inflation will roar. And the little guy, as always, gets killed.

Maybe you should have your employer pay you in eggs or milk, instead of dollars.

Want a tip? DBA. 25% wheat, 25% soy beans, 25% sugar, 25% corn. It's gonna take a lot more of those worthless dollars to buy that Denny's Grand Slam and ramen noodles too. Or even fill up your tank to go buy groceries.

Why? Because Ben Bernanke hates you.

Industry analysts and some economists fear the strain will get worse as people are hit with higher home heating bills this winter and mortgage rates go up.

Food costs have increased 4.5 percent over the past 12 months, partly because of higher fuel costs. Egg prices were 44 percent higher, while milk was up 21.3 percent over the past 12 months to nearly $4 a gallon, according to the Bureau of Labor Statistics.

The average family of four is spending $7 to $10 extra a week — $40 more a month — on groceries alone, compared to a year ago, according to retail consultant Burt Flickinger III.

A few questions for Ben Bernanke, the traitor hell bent on destroying the US dollar and America

Why are you destroying the dollar?

Why are you so corrupt (or incompetent)?

Why are you killing the poor and middle class?

Why are you devaluing the savings of honest, hard working Americans?

Why are you kissing the boots of your masters?

Why did you lie to Congress and the American people?

Why did you lower rates when you should have raised them?

Why did you destroy the credibility of the US financial markets?

Why didn't you crack down on REIC fraud and corruption?

Why did you not fight inflation as you were hired to do?

Why do you hate America and Americans so?

Why are you such a dick?

Ben Bernanke is a declared enemy of the American people folks. A traitor, and a scoundrel. Not a lot of people understand this yet, but oh, they will.

So what can you do about it? Not a lot. But try to protect yourself from this force of evil by getting completely out of US dollars. For those of you earning US dollars, your incomes are plummeting. For those of you investing in US markets, you better follow the foreigners and get the hell out of dodge.

Ben Bernanke, Hank Paulson and George Bush have declared war on the US dollar and the American people. Fight back by surrendering, and moving on. The US dollar and current corrupt US government are no longer worthy of your support.

Black Monday?

What's funny for the Faux News and CNBC crowd is that they don't even realize that in gold or Euro terms, the US market is already in trouble. You may feel rich (dollar holders) but trust me, you aren't. Ben Bernanke will make sure of that.

Happy 20th anniversary everyone. Right on schedule. I told you I had a funny feeling this week. Ultrashort financial and commodities (DBA) were great today, and REIC stocks like Countrywide and Wash Mutual fell off the cliff. And of course home prices continue to plummet.

Some days, you see why it pays to be a HP'er. We're as ready as you can be.

Stocks Plunge; Dow Down More Than 360

Stocks Plummet Amid Lackluster Profit Reports, Credit Concerns on Black Monday Anniversary

NEW YORK (AP) -- The Dow Jones industrial average dropped more than 360 points Friday -- the anniversary of the Black Monday crash 20 year ago -- as renewed credit concerns, lackluster corporate earnings and rising oil prices spooked investors.

Ben Bernanke youtube parody. Who ever thought we'd have common people criticizing the Fed chief for LOWERING rates.

The Big Bernanke Put will go down as the most shameful, corrupt and stupid Fed move of all time. Even people on main street will come to understand that soaring prices and massive dollar devaluation are NOT in the nation's (or their) best interests.

Screw Ben Bernanke. When the nation needed a Volker, and a strong and independent Fed chief, we got a corrupted kiss ass owned by the banks, Bush and Wall Street.

You should have no confidence in the American dollar or credibility of the financial markets going forward.

Ron Paul on the Mortgage Meltdown, Bond Market Blowup and Incompetent Federal Reserve

"More inflation is, however, never the answer to inflation.

The truth is that business involves risk, and businesses that miscalculate risk should be liquidated, so their assets can be reallocated to businesses that correctly judge risk and make profits.

Instead, the Fed has injected $64 billion into the jittery markets, effectively amounting to a bailout that keeps these malinvestments afloat, but eventually they will become the undoing of our economy."

-Ron Paul August 2007

Here's CNBC video of Ron Paul questioning Ben Bernanke - "How long can we fool the world?"

Here's the video link

Housing Crash

Ron Paul

Ben Bernanke

China

US Dollar

Boy, has it all come together HP'ers or what?

Play the full 9 minute video, RP starts half way in

RP brings up out of control credit, the monetary system, living off of credit creation, the destruction of the manufacturing sector, the dollar downfall, inflation, war spending, borrowing from China, and asks an annoyed Bernanke "How long can we fool the world?" and asks him if he has his fingers crossed.

Ben tells RP that he's right - we're living off of borrowing from foreigners and that that is not a sustainable situation.

I'd guess less than 1/10000th of 1% of people in the world watched this today. So consider yourself informed.