[Money-matters] FW: [Money Matters Newsletter] Calm before the next storm. What to do, what to expect. Update June 14, 2010

Tue Jun 15 01:38:02 UTC 2010

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Monday, June 14, 2010 6:27 PM
To: bayareaprocess at att.net
Subject: [Money Matters Newsletter] Calm before the next storm. What to do,
what to expect. Update June 14, 2010

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Money Matters Newsletter: Calm before the next storm. What to do, what to
expect. Update June 14, 2010

Marc's Notes:
The news items continually coming across my desk show every public entity
effectually bankrupt. Cities are hemorrhaging debt as city officials learned
the deficit spending trade well from our National Government. The word
"bond" never should have been invented.
States from coast to coast are broke, mired in debt in amounts that boggle
the mind.
Pensions of many large companies are so underwater, only trick accounting is
hiding the real damage. This "trick" accounting is used by banks, companies,
even our government. It now runs the gamut anywhere there is big money.
Except your tax return. You are not allowed to use the same accounting all
these other entities are allowed to use. Try that and off to prison you
probably go. It's a sham and disgraceful. The hiding of assets in "special
purpose vehicles". This accounting trick in used by most of the big banks,
European Governments in the Greece bailout, OUR government in the entire off
sheet liabilities, most pensions plans of large companies, and many large
companies. These "special purpose vehicles", like in the case of the
European Bailout, spend the money but don't list the spent money on the
books. (Don't you wish you could do that). The "invoice" is put in a sort of
"limbo' in another book keeping entry, sometimes even another subsidiary,
and it sits there, literally unaccounted for, until the problem hopefully
"goes away". If our government, the European government, half the European
countries, most of our large pensions plans, many large firms and many large
banks had to "really account' for all the bad debt according to "real"
accounting methods required on our tax returns, it would rock the world. It
would show most of these entities far past bankrupt. It would literally
collapse the economy just on the news. REALLY.

It's terrible that the only reason we limp along today is through "hide the
envelope" accounting, basically lies, deceit, false accounting and downright
fraud on a massive scale. 

To top it off, the banking cartel, threatening us with economic meltdown
last year, got the government, thorough blackmail, to give THEM the biggest
blank check of our money, handed to these crooks without strings. This is
blatant theft of our money. A massive rip off of the American People. The
banks have convinced and received literally TRILLIONS of our money, a grata,
just handed over to them. Plain and simple theft. And it's not over. Watch
the next meltdown. The banks aren't finished. Look for more checks, free
loans, more bailouts, more crookery. And in the midst of this turndown,
where millions are out of work, on food stamps, broke and homeless, these
same banks have the audacity to post the biggest profits in history. And pay
themselves billions, yes BILLIONS in bonuses. Just read the statements.
Where do you think they got all that money to gamble with? If they were on
the verge of bankruptcy, a few short months later, they turn billions in
profits and pay billions in bonuses. Do you think that sounds NORMAL? Do you
think that sounds RIGHT? 

How much more will we allow? Mark my words, and as also said by Thomas
Jefferson:
"If the American people ever allow private banks to control the issue of
their money,
first by inflation and then by deflation, the banks and corporations that
will
grow up around them (around the banks), will deprive the people of their
property
until their children will wake up homeless on the continent their fathers
conquered."

Now you tell me. Does that sound familiar in what is happening? And your
government is now bought and paid for by these same banks. 

"When deceit and thievery becomes common place among your largest
institutions, men will instill a system to legally allow it".

Markets:
Treading water around 10,000 DOW. The line in the sand. Fundamentally the
economy is faltering. Stimulus money is running out and that means your
"recovery" which never was is also running out. The recovery was only debt
spending, and much like a bad brother in law using your credit cards, it
appeared he was ok until the credit ran out. And that's exactly what is
happening now. The credit is drying up and so down we go again. When that
happens, look for more stimulus money, more bailouts, basically more debt.
Unfortunately we will end up going down again only have more debt to pay
off. 

IN THE SAME FUNK WITH AN EVEN HIGHER DEBT LOAD.

The lemmings are being led to slaughter. Company insiders are dumping stock
at a rate of 3000 shares sold to every one bought according to one report I
just read. This is the highest sell/ buy ration anyone has ever claimed if
my memory serves me right. 

With Greece contagion, debt contagion, bad books, bad unemployment, bad real
estate figures, everyone broke or broker, and all covered up with fraudulent
accounting used on a massive scale, the clock is ticking. You can't hide or
extend or pretend forever. Mark my words. Not to be a doom or gloomer, but
as I see it, you will not believe what is coming. 

Most likely another downturn is heading our way, this one probably faster
then the fall in 2009. The FEDS will fight another downturn with . guess
what. more spending, so a war between collapsing debt and FED spending will
ensue, with most likely inflation in certain areas ( gone to the supermarket
lately?) and collapsing assets in another. (Real estate, commercial real
estate, bonds, stocks and the debt markets).

Rising interest rates HERE in the US will signal the beginning of the end,
so refinance and lock in low rates now. Adjustable mortgages or other
adjustable debt will murder you.  Those that can afford to, keep some debt
on a fixed rate as an inflation hedge. If they inflate the money supply,
they will inflate your debt away magically!

Holdings:
Set mental stops in most stocks if you hold more the  20% or more of  your
money in the markets. Markets are still on RED ALERT and could crater on any
major news. 
Add physical gold and silver anytime for insurance. Keep most of your money
in US SHORT TERM DEBT for now like savings accounts or short term
treasuries.
(See our dividend payers list or Dream Portfolio for listings of what to
buy).
Add interest rate funds and a few gold stocks or funds. (Again see website
portfolios)
Get money offshore. (See Swiss Annuities)
Get some contrary funds for downside profits.
Oil- do not add at this time except our dividend energy stocks.
Natural Gas: Rising nicely. Hold.

Gamblers: Add BP and sell the short term covered calls against your stock.
They are rich and can turn you 10% a month as long as BP can survive.
Sell close to the money calls expiring in the current month you buy the
stock in.

Consults:
Email me. Mini 1.5 hour consults are up for grabs for a quick look at what
you have and are a fraction of the full consult fee. 
Full consults take 3.5 hours for those with a lot of money in the markets.
You can read about what that is on the website. 

Upcoming show this Thursday at 12:00 PM PST  KVMR FM. 89.5  105.1 or on the
web at www.kvmr.org.

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: 

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