Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

Historically, there has been a bull market in commodities every 20 or 30 years.

Bottoms in the investment world don't end with four-year lows; they end with 10- or 15-year lows.

They wouldn't be politicians if they knew what they were doing.

Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.