[Money-matters] FW: [Money Matters Newsletter] Newbies Welcome! Summary of Holdings Below. Money Update November 6, 2010

Sat Nov 6 22:08:37 UTC 2010

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Saturday, November 06, 2010 2:50 PM
To: client
Subject: [Money Matters Newsletter] Newbies Welcome! Summary of Holdings
Below. Money Update November 6, 2010

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Money Matters Newsletter: Newbies Welcome! Summary of Holdings Below. Money
Update November 6, 2010

Marc's Notes:

First of all welcome to all you new update subscribers! This is the Money
Matters Update! You will receive these in your email whenever I do them. You
may share them with your friends or they can sign up at
www.moneymanagementradio.com.
Thank you for supporting our community and our community radio station, KVMR
FM.
We NEED and APPRECIATE your stepping up and pledging your hard earned money
and I will do all I can to make it worth every penny and more! Now read
on...

The Feds announced their QE2 (Quantitative Easing = Money Printing) in the
amount of 600 billion with also a mini-program of about 200 billion you
didn't hear about. This is dangerous territory for a central bank as it
differs from the bailout TARP program and other programs you heard about in
2008 and 2009. It is dangerously different because the 2008/09 funds went to
the banks and favored firms to repair their balance sheets. In other words,
to pay off their bad debts/bets. It was a disgusting pay off to them for
their bad bets with our taxpayer money to "save the system". We will really
never know if the system would have failed had they not paid them but we
will certainly eventually know if they "saved" the system. If the system
fails then we will know they didn't "save" it and just wasted money we
desperately needed. What differs about this round of money printing is that
the 600 billion (plus 200 billion) is an outright purchase of Treasuries.
This type of purchase IS outright money printing (called Monetization) and
whereby the previous money never really got into our economic system as the
banks kept it, THIS round of money WILL go into the system just by the very
nature of these Treasury purchases and the way it was done. This type of
monetization is typical of banana type republics and is rarely used by first
world governments as it is a broad strokes method of money spraying that
usually signals desperation on behalf of the government undertaking it.
Normally stimulating an economy is done by lowering interest rates but rates
are already at zero so that avenue is no longer available to them. This
monetization is the desperation move that central banks should never take
but here we are. It's the reason why other nations like China are protesting
this move calling it reckless. Ben Bernanke, your Federal Reserve Chief is
defending his move (what else did you expect) by saying he is only concerned
about America and that stimulating America's economy will help the entire
world. Never mind the fact that this type of monetization has never worked
anywhere, anytime when used by anyone.  Bernanke knows only one remedy for
all that ails, and that is to print more money. What will be the result?

First it won't be enough. (Have you heard that from me before?). 
Like the first TARP program and all the other programs they tried, they have
only managed to keep the economy from falling into the abyss. Housing is
still plummeting with foreclosures at record highs, unemployment is still
above 9 % 
(really it's about 20 %) and corporate earnings from "real" America, mainly
manufacturing,  is only limping along by foreign demand and NOT from demand
here in the US.

If you recall Bernanke's "green shoots" speech, he claimed he could slowly
withdraw his stimulus and bank programs and return to a normal consumer
driven economy, instead of a government spending driven economy. I said he
would never be able to withdraw the programs and now not only can he not
withdraw them he is coming up with more of them, evident by this latest QE2
of 600 billion. The fact is the US economy is dependent on government
spending and cannot function normally with out it. But function normally is
an overstatement. The truth is we can now only delay the deleveraging and
debt repudiation by money printing. This is the classic progression of what
conservative economic models predict will happen in a debt driven society.
Just think of a household that lives on credit cards and project out the
eventual end. You can easily draw your own conclusions. 
Bottom line: All this money WILL flood into the economy, causing what I
wrote about 3 months back in an update. 
STAGFLATION. Rising prices in basic necessities while prices fall in wages,
housing and non essentials. This is exactly what we are already seeing. Just
go to Prudentbear.com and read the headlines for a few days. Costs on food
stuff are soaring. I also detailed a gamblers play in oil (USO) as oil was
lagging in its price compared to everything else. Oil had to play catch up
and now it is. USO is now up almost 15% from our recommended buy in at 32
and I suspect will continue up until the market cracks, if it cracks at all.
The FEDS are basically driven now by a rising stock market and intend to see
it rise no matter what. They equate a rising stock market with a recovering
economy. They also equate rising inflation with a recovery. They will print
money until they get both. Unfortunately they might get what they wish for,
but inflation is like warming your house with a Christmas tree fire. It can
get ugly real fast. The US dollar is also bearing the brunt of this insane
monetary policy and falling brutally fast. 

Our foreign currency funds are skyrocketing. (See Dream Portfolio for
details).
I don't mind making the money but hate to see our national currency
relegated to third world status. Currencies shouldn't be moving this fast.
It is not a good sign. Just look at the price of gold and silver. Silver is
now over $26.00/ounce and gold near $1,400.00/ounce. That's absurd. These
moves ARE the inflation I warned about. Food is already expensive and we are
seeing just in the last few days and weeks another alarming increase in
these items on world markets, which means higher food prices even still in
the weeks and months to come in your supermarket. Energy will follow which
will drive all prices across the board higher. Meanwhile our elderly, those
on social security or fixed income (think Calpirs or Stirs) will not be able
to keep up with these skyrocketing prices and find themselves falling
further and further behind. Many will seek out higher returns in the stock
market (which is what the FEDS want) only to find disappointment and loss
there as well if another "flash" crash or market crash materializes. Look
the other way and your dollars lose value. It's a nasty vice with teeth on
both ends and its all brought to you by the failed economic thinkers
employed by Washington and your illegal Federal Reserve System, bought and
paid for by the banks. Look, the economy is correcting because there is
something wrong, much like a noise from your transmission. Trying to hide
the noise won't help the problem. The economic problem is simple:
Too many borrowed too much and spent too much for too long. Trying to get
them to spend more and borrow more won't do anything but make the problem
worse still. How hard is that to comprehend.  Consumers are tapped out.
Cities are tapped out. States are tapped out. The government check book is
tapped out. Foreign governments are tapped out. THERES TOO MUCH DEBT!  What
does it take to get this simple fact through people's heads?

What to do:
For you new readers, Money Matters listener should be concerned about not
losing money. That's our main theme here and since 2006, we have been
advising people that most of your money should be in simple FDIC banks
accounts or their sisters, Credit Union NCUA Government insured accounts,
under the limit and fully protected. This does not mean MONEY MARKET FUNDS
if you can avoid them. They do NOT have to give you your money in times of
market duress but bank accounts DO HAVE TO.

I don't like American Annuities so I do not recommend buying them no matter
what the salesman tells you.

If your in a government, state or company pension, your pretty much stuck
with what they invest in but if you have a choice, seek out the US
GOVERNMENT SHORT TERM GUARANTEED debt funds. 

Those with self directed IRAS or your own stock accounts should be limited
in their exposure and hold only 10 or 20% of your wealth in stocks at this
time and only in dividend paying stocks or funds since most stocks move
together so why not get paid while you wait.

You should consider moving money OUT of the US and the easiest way I know
how is to open a Swiss Annuity. The free booklet is available on the website
by clicking on the Swiss Advantage Banner on the right side. Don't confuse
these with American Annuities. They are entirely different and not
recommended.

You should consider holding at least 10 or 20% of your wealth in physical
gold and silver in your possession. (Bank Safe Deposit Box). Contacts for
buying are at the end of this letter.

You should be holding 10 or 20 % in foreign currency funds or foreign
currency Cds. (See Dream Portfolio or past newsletters under newsletter
archives on website left menu).

You should consider maintaining a small amount of contrary funds or BEAR
funds for insurance against a market crash. I suggest (Symbol) DOG. There
are others. These fall when markets rise and rise when markets fall.

Gamblers plays are listed every so often and are NOT FOR MOST INVESTORS.
These are for those gamblers out there or those that like to play with
money. They are risky bets and you can lose your money. Some of ours have
worked out and others have not. So goes the market. You should only have
less then 1 % of your total money in any and all of these plays at anytime
and they are only for those used to playing stocks in and out.

I don't like real estate right now and recommend you hold off buying any,
especially rental property.

>From time to time I find NO RISK investments that I like and will post these
on the newsletter.
For other general stock holdings, you might consider energy, gold, silver
and other commodity holdings. See newsletter archives of the Dream Portfolio
for details.

All suggestions should be considered WHEN I list them. Waiting to buy or
sell will skew the results and trying to out guess me usually isn't prudent.

At all times, remember that these are just suggestions as where to place
your money and you are responsible for your money and investments. Do your
research before investing. Any investment can lose money. 

You can send me an email about the markets or economy but don't ask me about
specific stocks or tell me details about your financial situation.

You can schedule a consult with me on the website under "Lunch with Marc"
left side menu bar. There is a fee of course. You don't work for free nor do
I.

Right now is a trying time for our country and economy. You must watch your
money or they will take it from you. Don't buy anything you don't
understand, and get to understand everything you buy or already own. After
all, it's your money.

Turkey Matters:
Turkey Matters, our "Match your funds" food program kicked off on the 100th
anniversary show on October 7th. I will match your funds for the Nevada
County Food banks to buy Turkeys for the needy. Turkeys run about $7.00 a
piece so decide how many Turkeys you wish to buy, send me a check and I buy
the same amount to match your number. Buy 5 turkeys for $35.00 and I buy 5
too and they get 10!  Send all checks to: 
Marc Cuniberti
PMB 101  (MUST SAY PMB, not post office box)
578 Sutton Way, Grass Valley, Ca  95945. 
Make the check out to the food bank of your choice, either the Interfaith
Food Ministries or the Nevada County Food Bank. I will double your check
with my own money.
Let's help feed the needy with Turkey this Thanksgiving! Your dinner will
never be better knowing you helped feed literally thousands as we did last
year. Send in your check now. Last year we bought over 700 turkeys. That's
probably feeding close to 2000 people! We are now up to over $8,000.00 in
committed funds. I had a goal of $10,000.00 and we are almost there! The
program for matching is ending next week so get your checks in!  Thanks to
everyone who supported this program. After all, our government bails out the
banksters but supports little of the real needs of the people. You and I
have to do the right thing and fill the void. Send me a check.

All for now and all the best to you.

Marc

PS:
Thanks for all the get well quick wishes for my knee surgery. It's coming
along fine.

  _____  

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This article is strictly for informational purposes only. It is not a
solicitation to make any exchange, buy or sell any precious metal products,
commodities, securities, stocks, warrants, options or other financial
instruments. Marc Cuniberti, author of this article, does not accept
culpability for losses and/or damages arising from the use of this
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Where I buy some of my gold: What I call "Possession Gold". 
Blanchard and Company, Inc.
P.O. Box 61740
New Orleans, La 70161-1740
Direct toll free number: (888) 727-7537
Rick Baugnon

I have probably purchased the most ounces of gold and silver from Blanchard.
Not only do they sell regular coins and bars, they are the only contact on
this e-letter that also can provide you with graded coins and collectible
coins. Although I usually recommend only standard coins, I do own
collectibles as they may help against a confiscation scenario and we need to
be prepared for everything. Please call Rick Baugnon and tell them you are a
Money Matters Listener and he will give you special consideration and he
knows my preferences. Use his direct line above. Rick and I have discussed
Money Matters needs and he knows what to provide.

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
<http://www.facebook.com/topic.php?uid=225256048565&topic=11908#/pages/Money
-Matters/225256048565> . 

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