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Investment Forecast

Researcher and analyst Jerome Corsi discussed his recent investigation into how the Clintons amassed hundreds of millions of dollars in personal net worth, while building up their Clinton Foundation, which he characterizes as a sordid tale involving possible fraudulent accounting practices. Midweek Open Lines were featured in the latter half.

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Investment Forecast

Show Archive
Date: Wednesday - November 10, 2004
Host: George Noory
Guests: Don McAlvany

Don McAlvany, editor of the McAlvany Intelligence Advisor, returned to the show to share his financial forecast. He stressed that its time to get out of the stock market, which he said he was propped up because of the election. Stocks are still "massively overpriced," he commented, and they will begin a steady decline by the first or second quarter of 2005, eventually losing perhaps 70% of their current value.

The real estate market is also headed towards a downtick, McAlvany warned, saying that in most areas there will be a 10-40% drop in prices. Millions of people that are heavily leveraged are going to be badly hurt in this new economic cycle, he predicted.
Among his survival tips: Eliminate credit card debt, build savings, reduce real estate to 25% of assets and check the financial strength of your banking institution. His suggested breakdown of investments is as follows:

  • 35%-- gold and silver coins
  • 15%--high quality gold stocks (defense stocks also a possibility)
  • 25%-- short term US treasury bills
  • 25%-- foreign government bonds

Bumper Music

Bumper music from Wednesday November 10, 2004

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