I have sent you certain emails that I consider to be the most important communications issued in my career which started in 1958.
I am the son of the man that I consider to be the greatest Lone Wolf trader in Wall Street history, Bertram J. Seligman. He was a past master at his business and was naturally sensitive to market conditions. I apprenticed to him, learned from him and inherited some of his ability. But not all, however.
From this background of experience, understanding and sensitivity to the market the following flows.
I want to bring your attention to the following emails of note:
1. Said: "This is it."2. Said: "It is now."
This communication is to inform you as of 2/13/09 that "It is totally out of control." There is no longer any means of reversal of the beginning of the final phase of the downward spiral now solidly set in motion. For your sake, protect yourselves immediately.
Be prepared for disruptions in distribution common to hyperinflation.
1. You should have already distanced yourself from your financial agents. If you haven't, you are headed for significant displeasure and strain.
2. Make sure you stay three months ahead on necessary items that could experience distribution delays such as prescribed medicine and preferred foods.
3. Even though real estate is far from a buy, if you can afford a second home outside of major cities it would serve a good purpose.
4. Own gold.
5. Consider that good gold shares of non-US companies incorporated in a non-US country, operating in a third country and traded on multiple exchanges are a means of money expatriation legally and in broad daylight if required.
6. For currencies, all you can do is own a spread held by a true custodialship wherever that might be.
Simply said, as of Friday February 13th, 2009 the situation is confirmed as being in "Out of Control" mode as this well engineered downward spiral enters into its terminal phase.
The root cause of this mess was profit and the degree of disintegration it caused in the pursuit of this goal was not anticipated.
The key event that set things in motion was when Lehman was flushed - all hell broke loose. The hell cannot be contained in any practical manner.
I seek nothing of you but the protection of yourselves.