[Money-matters] Money Matters Update January 24th 2009

Sun Jan 25 01:14:57 UTC 2009

Freddie Mac disclosed yesterday that it would ask for up to $35 billion in
additional taxpayer dollars, eating up roughly half of the funds the
government has pledged to keep the mortgage giant on firm financial footing.

Jan. 24 (Bloomberg) -- Treasuries fell, with 30-year bonds losing the most
this week in 22 years, as the U.S. readied $78 billion in debt sales over
the next five days to finance fiscal stimulus spending projected to swell
the deficit to $1 trillion. Interest rates soared on US debt as investors
worry over increasing US deficits.

Marc's Notes:

Well, no surprise here. We can expect hundreds of companies to belly up to
the feeding trough. And look at those interest rates rise!

Want more news to make you sick?

GM and Ford and Chrysler will be using our funds to offer more zero percent
auto loans to people that cant pay and mostly on the big SUV's they cant get
rid of.
More news out about how CEO's are using our money to remodel offices and pay
bonuses.
The bailout had little oversight and banks don't have to say how they are
using it.
Some bank CEO's came out last week and said they got a few hundred million
and are just sitting on it looking for acquisitions. They publicly said they
have no plans for the money and will sit on it for better times.
The bailout we are now finding was poorly administrated with few
restrictions on how the money is used. In other words, the first round was
nothing more then free money to rich firms. Down the rat hole.
The bailout is not working as intended and more banks are in need of more
money and lots of it.
Bank of American is near the brink as well as Citibank, as their portfolios
continue to lose money as house prices continue down.

As I keep saying, "it wont be enough".  IF the Obama bailout doesn't work,
then all hell will break lose.
The bastards on Wall Street had no sense of loyalty and sold the market
historically while this man was sworn in. They have no conscience on Wall
Street.
The Obama bounce was literally non existence and does not bode well for the
markets. We WILL get more bounces on his bailout ANNOUNCEMENTS, especially
the "BAD BANK" dumping ground they will create and the MASSIVE mortgage
bailout that is coming. That SHOULD be all the bounces we get.

Gold blasted off Friday up over 40 bucks and could be sniffing out the T
BILL crash we talked about in last weeks show. Interest rates are RISING as
we suspected, but actually are rising a bit sooner then I expected. I hope
they don't continue or bad things are in store for the US DOLLAR.

Markets:
Negative bias now rules until Obama's announcements. Interest rates are on
the rise and the FEDS will be in there trying to stop them from blasting
off.
They have unlimited money to monkey with our "free" markets. Look for a
small bounce off of 7900, but it is testing this barrier for a breakthrough
soon.
A retest of 7500 and maybe 7100 is now in play.
Bank stocks are bleeding again as well as housing stocks and retailers. This
season of retailing earnings will be UGLY. Look for more bad news, higher
unemployment, more bankruptcies and general world market diseases to hit the
news wires. I am afraid to say it but the news is getting worse day by day.
Expect Obama to announce more welfare programs and "free handouts" to all
those suffering as he attempts to negate natural forces which are trying to
clear out bad debt. Again, you can't solve a debt problem with more debt,
but that's all they know up in Washington. The natural forces WILL win
eventually, but only after we throw another 10 trillion into the wind.
Remember these word: "it wont be enough".

What you are seeing is the payback of all the money spent on the housing
boom. It was borrowed money and now it is demanding to be paid back. And
it's a LOT!

The FEDS still must realize they must stop the decline in house prices to
stop the hemorrhaging, but THAT CANT BE DONE.
You can prolong the agony, like sawing off your leg with a pocket knife, or
just hack it off by letting it crash. They will choose the pocket knife.
Fools- Cant they read the history books?  What they are trying has never
worked, although tried MANY TIMES before by many Governments.
Like I said, if it was possible to print your way out of trouble, don't you
think we could find an example of it in history? You cannot.
Because it CANT be done.

Holdings:
Gold and Silver- both physical and funds.  HOLD   ADD.   Up big time Friday
Our SLV trade is up 18 % now and still climbing.
Oil- UP then down. HOLD     ADD     It acts like GOLD in a way and downside
risk is 50% with upside potential of 300 %.
Tanker stocks - do not add.   HOLD what you have. Ports are stacking up with
ships due to lack of demand and payment problems.
Contrary funds - ADD to hedge your regular stocks and dividend payers   USE
DOG or SKK or SCC.  These will go DOWN in any rally.
RRPIX-    Our interest rate fund. Hedges your  SHY   TIP and VIPSX holdings.
Also hedges against these rising rates. Risings as we speak.
Bank CDS's   Ok to add for most of your money at this time.
Swiss Annuiteis- ADD for privacy and hedging.  Moves money offshore as well.
Email me for free booklet with your address.
DBC, UNWPX and URANIUM stocks   HOLD    ADD     Inflation hedges.
Obama plays-   PKB     nothing yet     betting on the infrastructure money.
Gamblers out there?  ADD       URE  Real estate fund- Ditto. Real estate
will tank in 2009 but the announcement should be good for a few points.
Maybe
Retailers - SELL and SHORT
Foreign currency funds- ADD for a hedge against a falling US dollar.  Still
paying us dividends so we sit and cash the checks. The YEN fund   FXY    is
moving nicely.
CHINA/ INDIA  funds  -   toss up here.   I continue to hold IFN and OBCHX
IFN just paid a whopping 30 % dividend in the last 6 weeks. Stock was
pummeled but at that rate, who cares.  OBCHX pays no dividend so I don't
hold much but might add in my kids account for his 30th birthday bash!

Me:
Under the knife Tuesday and thanks for the emails. I may call a few of you
for a lift in the next few weeks. If you offered, pls email me a phone
number.

Website:
Getting there. Super Cool. Get shows, portfolios, consults.  All automated.
Coming soon.

National Network:
ABC contacted me again and is opening discussions. We will see. No word from
NBC since last month.

Upcoming show:
Pledge drive on Vicodin. That will be show you won't want to miss. If I can
make it. 
First Thursday in February at noon- 2 hours

All for now. I am preparing my life for an arm sling.

Marc

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