Tony Lepage

I should take some time to briefly outline my investment ideas of 2008.

The year has obviously started out on the wrong foot. The TSX is down over 10% and the DOW is going down just as fast. For you skim readers, watch the Dow Jones tomorrow, it’s going to drop 6-10%. The Dow now sits at 12,099.30.

My bet: January 22, 2008 will end with the Dow (-6-10%) at 11,373 - 10,889.

Generally speaking, I expect Q1 of 2008 to be volatile, as it’s already proven to be. The lows reached in the coming weeks will be lower than we’ve seen in many years.

Don’t worry, Q2 and Q3 will see the kind of gains only possible if you have the ability to print massive amounts of money. And heck yes, the Federal Reserve and Bank of Canada have that magical ability. While the first bit of 2008 is going to be quite volatile and to the negative, the middle half will prove to be positive. If the Fed tries hard enough, it can inflate the economy and investment markets to new highs.

By the year 2010, we’ll be seeing an inflationary depression. The warning signs are here, and they probably won’t be noticed by many. I don’t use the word “depression” lightly. Think of what it would be like to live through a depression and ask yourself if you can even imagine it happening. I’m sure you are in disbelief, and this is part of why we repeat history over and over.

Luckily, we’re blessed with the Fed Chairman Ben Bernanke, a man who studied the great depression and felt that it was caused by a lack of liquidity and that the Fed’s role should be to print as much money as possible to prevent a deflationary environment. The great thing is that Mr. Helicopter Ben will get to practice what he preaches and prove me wrong.

Before I start writing a series on how the Fed sucks and how to protect yourself from a depression, I’d like to leave you with a video from Ron Paul that proves we’re not the only ones who understand this financial system’s faults. If you’re lazy, you should at least watch 6:20 of this video:

Ron Paul at 6:20

I know we’re making progress when I realize how many people found us on the internet. The other thing that is tremendously exciting to me, you know when I talk about several policies; the number one policy is, of course, individual liberty and our constitution. I’ve always had a deep concern about honest money, the government is supposed to be there to protect honest money not destroy the money. I never thought I’d see the day when I got loud cheers on the University of Southern California and the University of Michigan when I start talking about getting rid of the Federal Reserve!

**Cheers**

End The Fed!

End The Fed!!

End The Fed!!!

I get chills when I hear so many people chanting "end the fed!" and it reminds me that i'm not the only one who understands the financial bombshells of our lives.

Dr. Paul continues and you should listen to what he days.