[Money-matters] Money Update Oct 7th 2008
Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios
bayareaprocess at att.net
Wed Oct 8 03:03:35 UTC 2008
_/*Marc's Notes*/_
The bailouts are now going world wide, reaching into private and public
entities alike. As mentioned in previous email, the 700 billion was just
the price of admission. Now you are seeing the REAL bailout. 1.3
trillion to the private loan market today alone, twice the bailout
amount! Another half trillion for more private debt. As I said, they
dont HAVE as much money as it will take! You aint seen nuthin' yet?
You are seeing something now aren't you!
The financial world is disassembling as we speak. This is possibly the
crash week I warned about. The amount of news on the economy coming out
daily is overwhelming.
The governments of the world are now bailing out private business,
banks, foreigners, you name it, the list is endless. There is now no
stopping it.The flow of RED ink will be monumental. And you thought the
700 billion package a few days back would end it? That was just the
beginning.
Watch what happens NOW! Expect rate cuts, more bailouts, pension plans
bailouts, mortgage bailouts, retailer bailouts. A rate cut IS COMING.
All to get the banks "lending" again. Holy cow. This is what started it
all ! TOO MUCH LENDING!
The mistakes to be made by your government will be forthcoming daily
now. I cant keep up with the foolhardy any longer. Its mind boggling.
Wall street is freaking out and the lemmings are panicking. KATY BAR THE
DOOR.
More talk about home mortgage help, bank lending, bank bailout, private
company help. The list of handouts is endless.
Bottom line:
They need 50 TRILLION to fix it and that they aint' got. Nor should they
spend it IF they had it. The fire of this collapsing bubble must be
allowed to burn and then burn itself out. It cannot be extinguished with
more of the same fuel (credit) that ignited it.
The credit collapse WILL NOT BE DENIED. We spent the money, now its time
to pay it back. It is as simple as that. NO AMOUNT OF NEW LENDING OR
BAILOUT MONEY WILL FIX THIS. Only SAVING and MAKING STUFF to sell will
get us out of this mess, and no one is talking about that, so DOWN
DOWN DOWN we go. Watch for ANNOUNCEMENT after ANNOUNCEMENT, from not
only the FEDS but worldwide. And did you hear? After we loaned AIG 80
billion or so, the execs WENT ON VACATION with your TAX dollars to the
tune of 400,000.00 to an exclusive resort in Southern California,
including massages, spa treatments, golf, dinners. CAN YOU BELIEVE THIS
SH-T?
_/*Whats next:*/_
The FEDS are becoming powerless. Something we warned would happen and is
now happening. World wide rate cuts will only give temporary if ANY
relief. The US dollar is readying itself for a massive fall. US stock
markets are accelerating downward. Either protect yourself NOW or
forever hold your peace. Expect a terrifying plunge in equities. This
may be the week I warned about. The new ANNOUNCEMENTS are now having
little effect. This is the point of no return we said would arrive and
now it is here. The next ANNOUNCEMENT will be a rate cut. Oh boy! More
credit! What a new idea. That will fix things.
_/*What to do: ( for your consideration but not a recomendation)*/_
Get in cash. Cash is king right now.
A bank holiday may be in the making if things get really bad. Get as
much silver and gold IN YOUR POSSESSION as you can afford.
Contact info below. Balance any mutual funds with CONTRARY Funds ( go up
in a down market). Look into BEARX or other "SHORT" funds.
Most of your funds should be in T bill or CDS for KEEP SAFE MONEY.
Energy did budge a bit today but may not hold. Commodities have been in
an historic correction and are getting decimated in this worldwide
deflation.
In the long run, they may hold up better then other stocks, but will
fall in a general market fall as you are seeing now. Our old friend
URANIUM is moving believe it or not. Maybe there is hope here!
Gold is starting to behave as it should and rising but gold stocks are
being hammered. Physical gold is DIFFERENT then paper gold. They can
move in opposite directions and are doing so. Hedge all regular stocks
with contrary funds. ( a list is provided below).
Do not buy any stocks at this time except contrary funds. Maybe UNWPX
Precious metals fund in small amounts.
Foreign currency funds may provide some safe harbor but only if you hold
a basket of them. ( See DREAM PORTFOLIO).
If you want to be out of the market, sell and buy T bills, T bill funds
or FDIC insured CDs . They will protect your balance and you will be out
of the market. If you are losing sleep over it, get out. The choice is
yours.
List of contrary funds; SCC SKK QID DOG RYURX BEARX
There are many more- ask your broker or financial advisory.
These may go DOWN if the market rallies but may GO UP if the market
continues down. As mentioned last week, I moved close to 1/3 of my
stocks into CONTRARY FUNDS and my balances are going UP in the last week.
_/*Shorts:*/_ ( Advanced traders only) Money is flowing your way.
Retailers, housing you name it, it is tanking, Our shorts on Sears,
Starwood, Marriot, housing, you name it, are doubling tripling
quadrupling. Take 1/4 off the table, leave the rest. Feel free to
establish new shorts if the markets continue down. There is money in the
corner, go pick it up. A major home builder will go belly up within
weeks. That will DEVASTATE the housing stocks. Look into SRS.
_/*Consults:*/_ Need to know what to do? Want to meet with me? Nows
the time. A new pledge show is coming. That will fill my calender for weeks.
If you want to meet, contact me NOW. (FEE) They run 2.5 hours and I buy
the lunch or breakfast.
_/*Upcoming Show:*/_
This Thursday at noon. CALL IN SHOW.. (530)_-265 9555 or (800) 355 KVMR.
All for now. An exciting rest of the week is sure to follow.
Marc
This article is strictly for informational purposes only. It is not a
solicitation or suggestion to buy/sell or make any exchange or changes
in precious metal products, commodities, securities, stocks, warrants,
options or other financial instruments. Marc Cuniberti, author of this
article, does not accept culpability or responsibility for losses and/
or damages arising from the use of this publication or any information
contained herein. Investing involves risk. You can lose money. Please
order up the prospectus on any and all securities you may be planning
to buy and do your own research before investing. Mr. Cuniberti may or
may not hold the securities listed. You are responsible for all your
investing decisions. This article is to be considered only as a
direction sign on where you might look for your investing needs. Each
individual has unique needs and levels of risk and any material put out
by Mr. Cuniberti is in no way intended as financial advise and is for
entertainment and informational purposes only. Although the information
herein is deemed accurate at time of writing, the author makes no
guarantee concerning accuracy of any information given in this article.
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