[Money-matters] Money Update News Brief

Tue Oct 14 03:22:22 UTC 2008

*Stock markets world wide are going thru incredible gyrations as our 
banking systems worldwide convulse violently. Our  3 decade long 
experiment in money printing and out of control credit binging is now 
coming to a head.*

_/ Money Update tonights feature is Tuesdays newscast:/_*
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*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. *

*Whose to blame for the fix we find ourselves in? *

*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"  wanted everyone and 
their brother to own a home, making responsible lending passé'. *

*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. *

*The foreigners of the world financed the debacle thinking the US could 
do no wrong, and the final invoice now on the table amounts to literally 
trillions. *

*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. *

*The stock market reactions only reflect the incredibly tenuous 
situation w find ourselves in and no one really knows which way is up. *

*What's really frightening is it is becoming obvious to even the most 
economically ignorant the  FEDS and the governments of the world are 
flying by the seat of their pants and making up remedies as they go. *

*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. *

*To think that all these spur of the moment bailouts will solve this 
multifaceted problem is foolhardy. Know one  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.*

*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. *

*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  atomic problems is asking for a nuclear accident.*

*I don't know what our economic world, indeed,  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. *

*Trying to play this market thinking it will all work out is a fools 
game, especially when the market is run by fools.  Fools that were so 
foolish as to get us into the gigantic mess in the first place.  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.  How?*

* By hiding under the umbrella called cash, gold, contrary funds, 
foreign currencies and overseas havens and hedges. *

*Then when I hear the explosion, I can run in and clean up.*

*That's it for this weeks money matters. *

*Have questions? Feel free to email me at Money Matters @kvmr.org*

*I'm Marc Cuniberti for KVMR FM.*

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*Quote of the Week*
'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.'/
Thomas Jefferson 1802/**

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