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<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Stock
markets world wide are going thru incredible
gyrations as our banking systems worldwide convulse violently. Our <span
style=""> </span>3 decade long experiment in money printing and
out of control credit binging is now coming to a head.<o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><u><i><span style="font-size: 13.5pt;"><span
style=""> Money Update tonights feature is Tuesdays newscast:</span></span></i></u><b><span
style="font-size: 13.5pt;"><span style=""><br>
</span></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;"><span
style=""><br>
</span></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;"><span
style=""></span>For 30 plus
years we’ve gorged ourselves on easy credit, platinum credit cards,
flat screen
tvs and SUVS. Now the bills are coming due. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Whose
to blame for the fix we find ourselves in? <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Well,
all of us. As consumers, we’ve been on an out of
control spending spree, living way beyond our means. Our elected
politicians
and government officials are bought and paid for by the highest paying
lobbyist
and those responsible for overseeing the whole mess were asleep at the
switch. The
Liberal left “world improvers” <span style=""> </span>wanted
everyone and their brother to own a home, making responsible lending
passé’. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Our
banking system thought of new and exotic ways to
bet the house, literally, and our Federal Reserve chief obliged the
whole mess
by running the printing presses non stop to feed the thing. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">The
foreigners of the world financed the debacle
thinking the <st1:country-region w:st="on"><st1:place w:st="on">US</st1:place></st1:country-region>
could do no wrong, and the final invoice now on the table amounts to
literally
trillions. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">What’s
an investor to do? A better question would be
what is anyone to do? This mess will affect you whether you’re in the
market or
not. As the overseers and those that are responsible for the quagmire
now try
and stomp this debt fire out with more debt, the end game is anyone’s
guess. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">The
stock market reactions only reflect the incredibly
tenuous situation w find ourselves in and no one really knows which way
is up. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">What’s
really frightening is it is becoming obvious to
even the most economically ignorant the<span style="">
</span>FEDS and the governments of the world are flying by the seat of
their
pants and making up remedies as they go. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">This
day to day band aid approach may be as dangerous
as the beast itself. With the massive distortions in our economies such
as we
are seeing now, monkeying with trillions of dollars on a whim is
certainly to
have unintended consequences. And since this is uncharted territory for
all of
us, the ramifications of them making a mistake could be catastrophic. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">To
think that all these spur of the moment bailouts
will solve this multifaceted problem is foolhardy. Know one <span
style=""> </span>knows how big the problem really is, or where
it is, let alone how to solve it. One thing I do know, throwing
trillions of
dollars around the globe in the hopes it will all go away certainly
wont help
and will probably end up making the whole thing much much worse.<o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">How
can you treat the disease if you don’t know where
and what it is and who it affects? The truth is you cant. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">On
Monday, the markets rallied an historic 900 plus
points. But this followed an horrendous market drop the week before.
These
violent gyrations are the markets telling us to be careful. Fooling
around with
atomic remedies to solve <span style=""> </span>atomic problems
is asking for a nuclear accident.<o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">I
don’t know what our economic world, indeed, <span style=""> </span>our
world will look like 6 months from now,
and neither does anyone else, so right now I am erring on the side of
asset preservation,
rather then asset appreciation. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Trying
to play this market thinking it will all work
out is a fools game, especially when the market is run by fools.<span
style=""> </span>Fools that were so foolish as to get us into
the gigantic mess in the first place. <span style=""> </span>I’m
not going to hang around the lab as these idiots try and guess which
wire to
cut to stop the implosion. I’m going to get my money and myself as far
from the
garage as possible and listen for a boom from as far away as I can get.
<span style=""> </span>How?<o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;"><span
style=""> </span>By hiding under
the umbrella called cash, gold, contrary funds, foreign currencies and
overseas
havens and hedges. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Then
when I hear the explosion, I can run in and clean
up.<o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">That’s
it for this weeks money matters. <o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Have
questions? Feel free to email me at Money Matters
@kvmr.org<o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">I’m
Marc Cuniberti for KVMR FM.<o:p></o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;"><o:p> </o:p></span></b></p>
<p class="MsoNormal" style=""><b><span style="font-size: 13.5pt;">Quote
of the Week</span></b><span style="font-size: 13.5pt;"><br>
'I believe that banking institutions are more dangerous to our
liberties than
standing armies. If the American people ever allow private banks to
control the
issue of their currency, first by inflation, then by deflation, the
banks and corporations
that will grow up around the banks will deprive the people of all
property
until their children wake-up homeless on the continent their fathers
conquered.'<i><br>
Thomas Jefferson 1802</i><b><o:p></o:p></b></span></p>
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