Warning: Big Impact of Imminent GM Bankruptcy

Exactly four years ago, on April 18, 2005, I warned that “General Motors is speeding on a course that could lead to bankruptcy.”

In August of that year, I issued a second warning: “Delphi, GM’s former parts subsidiary, has already threatened to file for Chapter 11 bankruptcy by October 17 if its union does not provide relief. Don’t be surprised if one day, in the not-too-distant future, General Motors does the same.”

And in October of 2005, my headline was even more direct: “GM Headed for Bankruptcy.”

I prayed it would not happen as often as I predicted it. But now, unfortunately, that fateful day is finally arriving:

Just This Past Friday, GM CEO Fritz Henderson
Announced That a Bankruptcy Filing Is “PROBABLE.”

GM and Treasury Department officials will no doubt make every attempt to sugarcoat the disaster and disguise its severity. But the unmistakable reality is that, despite any government guarantees,

GM dealerships will suffer massive further declines in sales;
GM customers will suffer severe cutbacks in service and availability of parts;
The used GM car market — already burned — will be toast;
The government will be hard pressed to assume responsibility for the pensions and health benefits of GM employees and retirees — let alone their income;
It will be difficult to avoid failures among GM’s suppliers, which, in turn, could precipitate a chain reaction of more failures among their suppliers; and worst of all …
To the degree that the Treasury throws good money after bad to avert some of these consequences, it will merely drive up interest rates for everyone.

This is all the more reason that you need to take action NOW!

Here’s what I’m asking you to do — for yourself, your family, your community, our nation and also for the most helpless victims of this crisis:

First:
Get Your Family to Safety

Click this link now to get your personal copy of my new book, The Ultimate Depression Survival Guide and begin getting your family to safety. And while you’re ordering, don’t forget to get extra copies for your family, friends and neighbors — as well as one for your Congressional representatives.

Within the pages of The Ultimate Depression Survival Guide, you’ll discover …

Why Wall Street cheerleaders, top economists and our leaders have been so wrong at every stage of this crisis — and why listening to them now could cost you up to half your wealth in 2009 and beyond (page 43) …
How to make sure the multiple “sucker rallies” and dead cat bounces in every bear market do not cost you money. Crucial self-defense (page 47) …
Why even the shocking trillions in bailouts and guarantees Washington’s handing out are a mere drop in the ocean compared to the size of this crisis — and four reasons why all attempts at bailing out the economy are doomed to failure (page 8) …
Why this great crisis is still only beginning — and why the next phase will be, by far, the most painful and terrifying for everyday wage-earners, consumers and investors (page 35) …
1,673 banking institutions at risk! How to discover if your bank — and your money — is safe (Chapter 5) …
The ultimate alternative investment for reaping wealth in the worst of times. Follow these three steps to rocket your income (Chapter 13) …
3 shocking reasons why Wall Street ratings on stocks and bonds are dangerous. Hidden conflicts of interest, bias, payola, cover-ups and scams that could lure you into deadly investments (page 55) …
How to find safe insurance: What brokers never tell you … policies nobody needs but almost everybody buys … much more (page 65) …
Your home loses another 20% of its value — but THIS investment wipes out your loss or even hands you a profit. The five-step hedging strategy every homeowner should be using now (page 107) …
Your own, private bear market bonanza: Five simple steps for using ETFs to profit when stocks plunge (page 119) …
5 easy ways to spot the REAL bottom in stocks and bonds — and use it to pile up massive wealth in a recovery (Chapter 10) …
Great $60 stocks on sale for 60 cents? Yes, and even less! Recommended bottom-fishing strategies (page 131) …
How to maximize your bond market and Treasury yields with safety: Six simple steps (page 151) …
The best time to buy gold — 700% profits possible! Get your timing wrong, and you’re likely to lose a bundle. Get it right and Katie, bar the door! How to invest in gold, gold ETFs and mining shares during a depression (page 171) …
What YOU can do to save America from certain disaster: Crucial actions required now to get Washington and Wall Street to reverse course, save the dollar and pave the way for a true recovery (page 173) …

PLEASE REMEMBER: Your copies of The Ultimate Depression Survival Guide don’t have to cost you a dime. We’ll immediately send you a $29.95 credit voucher for EACH and EVERY book you buy, redeemable for any new purchase of any product or service Weiss Research offers.

PLUS ALL MY ROYALTIES ARE GOING TO CHARITY: You can feel good about ordering, knowing that 100 percent of my royalties are being donated to the Campaign to End Child Homelessness, a national charity for the most innocent victims of this crisis.

And I’m thrilled to announce that The Ultimate Depression Survival Guide is officially a Wall Street Journal Nonfiction Best-Seller!* The more books sold, the more we can help this extremely worthy — and urgently needed — charity.

Second:
Help Me Stop These Insane Bailouts
Before Washington Bankrupts America!

After you’ve placed your order, re-open this email and click this link to sign our petition; stand with me in demanding that our leaders STOP corporate bailouts that …

Can NOT save these failed companies but only makes them dependent on Washington for the long haul …
Set the stage for soaring interest rates and higher taxes — pure poison that will surely kill our struggling economy, and …
Punish the innocent — you and me — by confiscating our money to reward the guilty corporations that caused this crisis.

I’m doing everything I can to bring America back from the brink — but I can NOT do this alone.

I need you to stand with me — in a nationwide grassroots movement to save our families, our businesses and our nation before it’s too late.

Again — the two steps I need you to take right away:

Click this link for details on The Ultimate Depression Survival Guide and to order copies for yourself, your family, friends, neighbors and elected representatives.

Then, re-open this email and click here to sign our petition demanding that our leaders STOP bankrupting America before it’s too late.

Thank you in advance for your help!

Good luck and God bless!

Martin

* Errata: In some emails on Friday, we incorrectly cited this as the New York Times bestseller list. We apologize for the error.

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