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9/8/093:30pm – Stock market Update – market should decline for next fews weeks-lousala Peter Schiff Ron Paul glenn beck obama CNN FOX CNBC Bloomberg aljazeera gerald celente warren buffett marc faber jim rogers gold silver money dollar max keiser lou dobbs bob chapman alex jones david icke economy collapse downturn fall stock market wall street trader Madoff Schould be Secretary of The Treasury in this Ponzi Scheme Economy

Peter Schiff tells Australians to sell their American investments. Great Depression is here. NEW YORK – A stunning makeover of the Wall Street landscape sent stocks falling precipitously Monday, with the Dow Jones industrials losing 500 points in their worst slide since the September 2001 terrorist attacks. Investors recoiled after a shakeup of the financial industry that took out two storied names: Lehman Brothers Holdings Inc. and Merrill Lynch & Co. The pullback, which erased about 0 billion in shareholder wealth, occurred across much of the globe as investors absorbed Lehman’s bankruptcy filing and what was essentially a forced sale of Merrill Lynch to Bank of America for billion in stock. While those companies’ situations had reached some resolution, the market remained anxious about American International Group Inc., which is seeking funding to shore up its balance sheet. A faltering of the world’s largest insurance company likely would have implications far beyond that of Lehman, already the largest US bankruptcy in terms of assets.

jimrogers.com im Rogers, chairman of Rogers Holdings, talks with Bloomberg’s Betty Liu, Jon Erlichman and Adam Johnson about Greece’s fiscal woes. Rogers, speaking from Vienna, also discusses the outlook for the US stock market, China’s yuan and investment strategy.

1. Gold (GLD) 2. Silver (SLV) 3. Oil (USO) 4. Agriculture (DBA) 5. Natural Resource Economy Currency Check out Dollar Meltdown by Charles Goyette.