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February 15, 2009

New 'Hamma'
by Bob Hoye

"At this particular moment, only government can provide the boost necessary to lift us from a recession this deep and severe."

-- Obama, Brietbart, January 8, 2009.

"You feel God is Speaking to You."

-- Inaugural attendee, CNS News, January 21, 2009.

"We are spending more money than we have ever spent before, and it does not work. After eight years we have just as much unemployment as when we started, and an enormous debt to boot."

-- US Treasury Secretary, Henry Morgenthau, May 1939.

Bob Hoye
Institutional Advisors

The opinions in this report are solely those of the author. The information herein was obtained from various sources; however we do not guarantee its accuracy or completeness. This research report is prepared for general circulation and is circulated for general information only. It does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors should seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and should understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each securitys price or value may rise or fall. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily a guide to future performance.

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