FW: [Money-matters] Money Matters Update

Fri Feb 27 16:20:06 UTC 2009

Revision on last nights update. PLEASE PASS THIS ON TO EVERYONE ON YOUR
EMAIL LISTS IF YOU SEE FIT AS THIS IS IMPORTANT THAT ALL OF US EMAIL OUR
REPRESENTATIVES!

A typo has been corrected and Nancy Pelosi's address has been added.
Remember, forward this on and tell them to forward it. Lets get millions of
emails going!

Marc

  _____  

--- On Thu, 2/26/09, Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios
<bayareaprocess at att.net> wrote:
From: Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios
<bayareaprocess at att.net>
Subject: [Money-matters] Money Matters Update
To: money-matters-l at jtan.com
Date: Thursday, February 26, 2009, 1:15 PM

Gold coin shortage as demand soars

 February 25 2009 19:37 | Last updated: February 25 2009 19:37
The rush by retail investors into bullion coins is creating shortages as
mints across the world struggle to meet the surge in demand, dealers and
mint officials say.
Feb. 26 (Bloomberg) -- President
<http://search.bloomberg.com/search?q=Barack+Obama&site=wnews&client=wnews&p
roxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=
wnnis&sort=date:D:S:d1> Barack Obama's first budget request would provide as
much as $750 billion in new aid to the
<http://www.bloomberg.com/apps/quote?ticker=USEFTOT%3AIND> financial
industry, as it lays plans to overhaul the U.S. health-care system and raise
taxes on the wealthy.
WASHINGTON (CNN) -- President Barack Obama pledged Monday to cut the
nation's $1.3 trillion deficit in half by the end of his first term.
Feb. 26 (Bloomberg) --  <http://www.bloomberg.com/apps/quote?ticker=GM%3AUS>
General Motors Corp. reported a $30.9 billion annual loss, the
second-biggest in its 100-year history, as Chief Executive Officer
<http://search.bloomberg.com/search?q=Rick+Wagoner&site=wnews&client=wnews&p
roxystylesheet=wnews&output=xml_no_dtd&ie=UTF-8&oe=UTF-8&filter=p&getfields=
wnnis&sort=date:D:S:d1> Rick Wagoner prepared to ask the Treasury for more
cash to survive through 2009. 
NEW YORK (Reuters) - American International Group, rescued twice last year
by the U.S. government, is asking for more aid and bracing for a
fourth-quarter loss of roughly $60 billion, a source familiar with the
matter said. It would be the biggest loss in a quarter in corporate history.
WASHINGTON - While the United States economy is likely to worsen
significantly over the next year, the
<http://topics.nytimes.com/top/reference/timestopics/organizations/f/federal
_reserve_system/index.html?inline=nyt-org> Federal Reserve is "committed to
using all available tools" to stanch the
<http://topics.nytimes.com/top/reference/timestopics/subjects/c/credit_crisi
s/index.html?inline=nyt-classifier> financial crisis and unfreeze credit
markets, the Fed chairman,
<http://topics.nytimes.com/top/reference/timestopics/people/b/ben_s_bernanke
/index.html?inline=nyt-per> Ben S. Bernanke, told the Senate Banking
Committee on Tuesday.

Marc's Notes:
I got a kick out of Obama promising to cut the deficient in half in 4 years
while spending 2 trillion this week. Sorry, it wont happen. But it sounds
good doesn't it?
Take a look at the above headlines. All in all it amounts to profits by big
companies and banks were kept and now that things go bad, the losses you and
I will pay for.
Its makes me sick and probably does you too.  We must not sit idly by. At
the bottom of this I will give you links to our representatives and a letter
you can paste.
PLEASE send it and let them know we want them to stop bailing out every TOM
DICK AND HARRY with our money and to go get some basic education on
economics.

Note the headline about a coin shortage. If you want coins, put your order
in and wait. I ordered some silvers yesterday and have to wait 2 months to
get it. I don't mind the wait, but it will probably get worse. Heed the
signs. More debt will make things worse and more people are buying gold and
silver coins. Prepare for both by doing the right thing. 

The markets are rallying a bit right now, as expected it was getting
oversold. The rally is alittle anemic so I still have little faith in this
market short term and even less long term. Gold was overbought at 1000.00
and I said so as well as silver at 14.00.  They are now correcting some.
Not a surprise ( see last update)
 I mentioned on the show # 58 last week to perhaps lighten up on SLV if you
had a lot of it, and that turned out to be a good call. You can buy in
anytime at these levels and I am doing so.  

Oil is up and USO and DXO are moving nicely now.  Remember, if a recovery is
coming (which it is not)  oil will rally. With oil at 40 bucks, and USO at
mid 20's  and DXO at low 2's, you could do worse. Both SLV and Oil have
limited downside and great upside potential for me to trade. It does not
matter IF the recovery happens for these to rise, only that people EXPECT a
recovery. 

More companies are coming back AGAIN AND AGAIN for more Fed money.  As I
said, they will be back AGAIN AGAIN AGAIN. The initial bailout was just the
beginning !    As housing continues to plummet, more will be lost and every
TOM DICK AND HARRY will need MORE AND MORE AND MORE, and that is what we are
seeing almost daily now. The trillion plus stimulus package will be followed
by about 2 trillion in more bailout money to banks, insurers, pension plans,
automakers, bond insurers,     the list is now endless and getting longer.
These actions are unprecedented in history yet similar moves have been tried
before by banana republics throughout history and it never works. I find it
incredible bordering on absurd that they think they can "fix" this. They are
guessing in their moves and unrealistic in their attempts. You cannot solve
a debt problem with more debt. A year from now we will be reading about more
bailouts, a soaring deficit, higher unemployment, more bankruptcies and a
government scratching its head on why its not working. Couple this with a
possible crashing US dollar and soaring interest rates and inflation and we
may be setting up for a dire situation in 2010 and beyond. 

What to expect:
As we said starting in the fall on these updates: Plunging retail sales and
ballooning unemployment will trump the headlines in 2009 and you can expect
this to continue.
Markets can go either way right now, but I expect a test of 7100 a few times
until it cracks down thru that. Mini rallies will occur until we get the
test. 6000 range is a possibility in the next few weeks. We will see.

Holdings: NO CHANGE FROM LAST UPDATE.

Now, please write or email this letter to your representatives or make your
own, but DO IT. 

"Complacency accompanies tyranny's triumph" (Another "Marcism'). Don't be
complacent or you will get the government you deserve.

Honorable Representative.

I am increasingly concerned about the future of our nation and what kind of
world we will be leaving to future generations as it pertains to our economy
and your recent actions to try and "fix" our financial crisis.
The problems we are seeing now in our economy, indeed the world, are the
result of years of mismanagement of our currency and the abuse by our
banking institutions. There are other factors as well.
Although the common belief in Washington is that something must be done, the
application of trillions of dollars of taxpayer's money is, in my opinion,
not the solution.
If allowed to function unabated, free market fundamentals will cleanse the
system. Debt levels must be paid off with "real savings", not printed money
and more debt. Insolvent and/or inefficient companies must be allowed to
fail. The impression given is that certain companies and industries are "too
big to fail". This has never been the case.
America and its citizens are resilient. We can weather any downturn if we
are told the truth. Additionally the Government should not be allowed to
decide who should fail and who should be saved. The free market is and has
always been the best allocator of resources. The free market will cure our
anomalies if left to do so and it will not be the "end of the system" nor
our country, contrary to what you and I are led to believe. The truth of the
matter is that we as a nation are over encumbered and now the debt has to be
cleansed. To encompass more debt and try and "get the banks lending again"
is not the answer and will in fact worsen the problem in the future.
As a tax payer and a citizen of this great nation, I implore you to stop the
flood of money coming out of Washington and have a little more faith in our
ability to overcome our previous mistakes.  After all, those that are
encouraging you and I to spend more taxpayer money on company after company
to "rescue" and "stimulate" our economy are the very same people that
allowed these problems to materialize in the first place. 
Keynesian economics which supports a government spending ideology has never
worked and we have many examples throughout history which confirm this.
Please stop the bailouts of all institutions immediately. The result will be
painful, but not as painful as if we continue down this path of applying
socialist solutions to a free market system. If not for us, at least do it
for our children.

Thank you for your time.

Here are the links
 <http://mcclintock.house.gov/contact/index.shtml>
http://mcclintock.house.gov/contact/index.shtml

 <http://boxer.senate.gov/contact/email/policy.cfm>
http://boxer.senate.gov/contact/email/policy.cfm

 <http://feinstein.senate.gov/public/> http://feinstein.senate.gov/public/

http://speaker.house.gov/contact/

Please take the time to at least do something to put an end to this madness.
It is our future and the future of generations to come that is at stake.
Please, I want each and everyone of you that send an email to EMAIL ME that
you took the time to do this. I want to know how many of you do this.

Thanks
MARC

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