Jay Walker’s Financial Traffic

Max Keiser is someone I have lots of admiration for. His advice is cutting very close to the bone. Basically, listen to him and, as opposed to Jim Cramer you will make money. made a very interesting documentary for Al Jazeera English titled “Death of the Dollar”. The video is in two parts and is very likely the most valuable financial information you will have this year.

Part 1

Part 2

As I’m writing this, a Euro will cost you USD $1.5932 and an ounce of gold will cost you USD $962.85.

Fannie Mae and Freddie Mac are on the verge of being declared insolvent. They already are, just like Bear Stearns was insolvent a few months before it was made official. But I predict that it will be made official within the next month.

Some depositors got a huge chunk of blue “fromage” today learning that IndyMac n’ cheese is now belly up.

If you deal with IndyMac, the ATM will work, but not the phone or the site until Monday.

If you’re American, I’m sorry to announce to you that the FDIC will piss away between $4 and $8 billion of your money in this mess…

Or so it’s been reported.

I’m saying this because it always amazes me when a crack team of economists can’t figure out how much they’re in the hole for. A $4 billion gap should be pretty obvious in any budget.

Another chapter in the liar loans saga!

Now that Indy is down, I’m waiting for Freddie to go down as well.

I wonder if Jim Cramer will tell people to hold on to Indy, Freddie and Fannie’s stock like he did Bear Stearns.