Former US Comptroller appears LIVE on Money Matters ! Update - June 3rd 2009

Marc's Notes:

US COMPTROLLER GENERAL (ret) and head of the Peter G Peterson Foundation appeared live by phone from Washington DC today on MONEY MATTERS and what a show it was. David Walker pulled no punches and told us like it is and it wasnt pretty. Well spoken and serious, this was from a man who aguably is the  most knowledgeable about our economic and financial condition. Speaking of trillions of dollars worth of debt and of the little concern by our politicians, he did provide us with some guidance on what needs to be done and how all of us can help.

As head of the Peter G. Peterson foundation, Mr. Walker leads the charge on establishing conversations in and out of Washington right down to Main St in everytown USA. The interview was lively and spirited and one could sense the urgency and determination in his voice thru out the entire conversation. He obviously sees the handwriting on the wall and believes strongly what he says. We must act, you and I, to stop this insanity before it is too late.

Note in the interview, David said the same thing about commodities and oil and the rest as I have been saying. Those in the know are buying commoditites and real "stuff" to protect themselves and GET RID of the paper dollars as fast as they can. Do the same. Follow LAST weeks show or the DREAM PORTFOLIO and protect yourself. Note he said he is OUT of debt and well invested, and you can bet he is in commodities if he mentioned them! In receiving his follow up email, Mr. Walker mentioned he was "most impressed" with your host of your show MONEY MATTERS and I am grateful he thought as such. A Sacramento Public Access Televison host contacted me after the show and invited me to appear for a one hour show and I jumped at the chance to spread the message.Please do the same.

Please take a moment to join the Peter G. Peterson Foundation if you can and tell your friends too as well. 

The Feds, in trying to save 1 out of 10 homeowners, threaten the other 9 of us with complete loss of our hard earned money thru inflation and a collapsing dollar. (one in the same).

The markets are gyrating still, yet oil and gold and silver and all things real are exhibiting what Mr. Walker mentioned, higher prices, although we did see a pullback today. This was to be expected as they were getting ahead of themselves and overbought. Interest rates also pulled back, as it too was in overbought territory.The market is looking tired and I wait to see whether this "rally" we have been seeing is tiring. HOLD all positions for now but consider placing a protective stop on SLV at 14.80 or so if you have big profits. I am also considering UNG for a NATURAL GAS play as it has been all beat up and deserves some attention. After all, it is another commodity and protects us against inflation. It is near its all time low like oil was. We made out well on oil and continue to do so, so UNG seems like a similiar play. I will be adding some in the next few days.

Thats all for now. Spread the word and thanks for all your help in all you do!

All shows and newscasts are available on our website for you review.

Marc