[Money-matters] FW: [Money Matters Newsletter] Money Matters Airs Tomorrow! Update June 2, 2010

Wed Jun 2 19:28:33 UTC 2010

Subject: [Money Matters Newsletter] Money Matters Airs Tomorrow! Update June
2, 2010

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Money Matters Newsletter: Money Matters Airs Tomorrow! Update June 2, 2010

Marc's Notes:

The trouble with governments is that they always get larger. Governments
throughout history have expanded until they can expand no more due to the
cost to maintain them. Most governments start out with good intentions with
central planning evolving around national security and law enforcement not
covered by the states. Mediation between states is also a function of a
national government as well as breaking up or managing monopolies. But as
forecasted by many before us, as soon as the public learns it can vote in
the candidate that promises the most from public purses, the Democracy
begins to self destruct. An originator of the Constitution said " Gentlemen,
I give you a Democracy, if you can keep it".  
It was also said we would not be destroyed by invading foreign armies but
destroyed from within. 

Read this
article:http://www.bullionbullscanada.com/index.php?option=com_content
<http://www.bullionbullscanada.com/index.php?option=com_content&view=article
&id=12243:bernanke-fiddles-while-us-burns&catid=47:us-commentary&Itemid=132>
&view=article&id=12243:bernanke-fiddles-while-us-burns&catid=47:us-commentar
y&Itemid=132 
Simply put, as soon as the government begins down the road of helping people
socially, democracy is doomed. People fail to understand governments cant
socially help one without robbing from another and as soon as you do that,
you begin to take away incentive for people to produce and encourage people
to live off the fruits of others. I know that not helping people sounds
cruel, but by doing it, you disembowel the very root of mans drive- the
drive to succeed because you keep what you produce.

A Biblical verse is "Reap what you sow".  It also says "If thou shall not
work, thou shall not eat".

I am not saying NOT to help those truly in need such as the mentally
retarded or severely handicapped, but what we see now has gone way beyond
that. I see people walking around that appear healthy but collecting
disability. Welfare recipients are not required to work for their money.
Unemployment insurance pays out billions to able body people, as does food
programs, work programs, school programs- you name it programs. Grants dole
out billions more, as do subsidies, assistance payments and millions of
other "programs'  that bleed off the public purse strings. Close to half
Americans now don't pay income tax. 30 million Americans now get food
stamps. And how many more are on Social Security, Medicare, Medical and God
knows what else. There's probably some of you reading this that are saying
"Hey wait a minute, I use Medical, the hell with Marc. He's trying to take
away MY payment".

And that's the problem, everyone gets used to free money, free help, and no
one wants to have their check eliminated. Its called MORAL HAZARD and
COMPLANCENCY. And even you and I are guilty of it. But think about it for a
minute.  YOU NOR I NOR ANYONE except the severely disabled and those TOTALLY
ENCAPABLE of working should get ANY HELP from the government. That's simply
NOT THEIR JOB nor was it created to be their job. We have just become used
to thinking IT IS THEIR JOB to take care of people and that is NOT their
responsibility. ITS YOURS. Their job is to simply GET OUT OF THE WAY and
make sure everyone is ALLOWED to pursue their own happiness, and KEEP WHAT
THEY EARNED.

Meanwhile the government itself, who is supposed to serve the people BECOME
the people. It grows larger by the day. Public salaries are now higher then
private ones. Social programs and bailouts are common place. The frugal are
asked to pay for those that are not.

And to pay for it all, they print money and borrow it from you. WHIICH IS
the reason no one can afford anything anymore and the reason PEOPLE call for
government help!  The very call to take care of everyone is the reason the
government grows,  under the auspices of they need to help people.  Honest
governments cant grow and pay for themselves thru taxation fast enough, so
they must invent a check kiting scheme like the FEDERAL RESERVE and similar
institutions to be able to create money from nothing, causing inflation,
which causes prices to rise, which impoverishes more people. Because an
economic fact is that wages, what you get paid, never rise as fast, the
common man falls behind, which makes more people need assistance, and more
social help, which the government answers with more money printing therefore
causing more inflation, driving even more people into the poor house. No one
realizes this is how the whole game works so they just do more of the same.

The Federal Reserve makes interest on the money it creates from air, so it
peddles debt, much like a drug pusher, and for proof of that, look at the
debt we the people are in and the country as a whole. Trillions of it, and
accelerating.  See how it works?  

And if you believe the recovery, just look at the debt we amassed in this so
called recovery. 3 or 4 more trillion of new money printed and given to the
banks and everyone else. We in turn get only a few hundred billion in
growth. Sure it looks like a recovery, but look where the money came from.
We borrowed 4 trillion to get half a trillion in growth. Not a good return
on our money that's for sure. It also tells you that when the government
stops its spending, the recovery dies. It's the old game of print to stay
alive, only we are doing it at a faster and faster rate just to keep from
falling. IT CANT LAST. And it wont.

Keep an eye on the debt levels. If the FEDS ever talk about raising rates or
pulling back stimulus, your "recovery" will die.  We have boxed ourselves
in. The rock and hard place I have been ranting about for 5 years now.
INFLATE OR DIE is the road we are on. 

There will be no significant rising of rates by the FEDS, only the market
will do it by force. Inflation will follow soon. But first expect more
bailouts, more job packages, more unemployment extensions, more money down
the rat hole. DEFLATION will reoccur with prices of everything falling
again. The FEDS will answer with more money printing, more debt.

I don't know if what the markets will do tomorrow but a pattern of lower
highs and lower lows is materializing in the DOW. This is typical of a
market weakening. Look for brief rallies followed by more 100 plus point
plunges. The line in the sand now is DOW 10,000. Much like our bowling ball
scenario, it will bounce off the 10,000 mark multiple times until it cracks
through to the downside. The EURO problem will not go away easily, mid east
tensions mount and the oil spill will not make things any better.

GOLD:
Those holding a lot of physical metal might offload some coins around here
for a quick vacation or whatever. Gold will go lower if the DOW does. This
1200 level might be a good time to lighten up. If you don't hold much
however, add on pullbacks. You will need it to defend against inflation.

REFINANCING:
Those looking to refinance may not see lower rates. You might consider
pulling the trigger now. Rates COULD go a tad lower but not much.
Historically they are about as low as they can go. They went lower and will
go lower with a DOW plunge. Look into it. If you need a reference, email me.

Upcoming show:
Barring any market crash, I will finally cover health care on tomorrows
THURSDAY show. June 3, 2010.

Lets hope the markets hold together so I can do a "normal" show!

All for now,
marc

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Where I buy some of my gold: What I call "Possession Gold". 

Monex Deposit David Feldberg x 2216
4910 Birch St., Newport Beach Ca 92660
1 (800) 949 4653 (GOLD) ext 2216 You may refer to Marc Cuniberti and Money
Matters and David will know what Marc recommends. 
Take delivery and store in a safe place. You may have 25 % of this amount in
silver and the remaining 75% in gold. I usually buy only generic 1 ounce
rounds or ounce bars, no collectibles. You may buy any 99 % pure gold or
silver assets but pay no more then a few percentage points over spot. Again,
buy NO Collectibles, No Margin account, No Commodity accounts. Take delivery
of standard coins only. 

JH MINT
13241 Grass Valley Ave. 
Grass Valley, Ca 95945 (530)273-8175

(Near the Grass Valley Airport off Loma Rica Road)

Tell the salesperson you are a Money Matters Listener and you will get
special discounts,(market conditions permitting). Normal Gold prices are
anywhere from 6 to 11% over New York Spot price. If you are selling, you
should get close to spot when you sell. Buy only standard, or popular gold
or silver coins. I do NOT prefer the generics but would rather have you buy
Silver Eagles or bars. When buying silver, the mark up will be a bit higher
than gold. JH Mint posts prices on its board over the sales counter so you
can see spot at any time. I have dealt with JH MINT myself and found them to
be easy to work with.  You can pay in cash and you will remain anonymous.
I usually buy Gold Eagles, Buffalos, Kruggerands, Silver Maples. Gold Pandas
Generic Rounds. Peace Dollars or Morgans. You may also use my web contact: 

Follow Marc and Money Matters on Facebook
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