[Money-matters] FW: [Money Matters Newsletter] Gold Rocketing Higher! Foreign Currencies Follow! Update October 6, 2010

Wed Oct 6 18:28:20 UTC 2010

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Wednesday, October 06, 2010 11:25 AM
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Subject: [Money Matters Newsletter] Gold Rocketing Higher! Foreign
Currencies Follow! Update October 6, 2010

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Money Matters Newsletter: Gold Rocketing Higher! Foreign Currencies Follow!
Update October 6, 2010

Money Show "You Print, I Print" now FREE on the website. Show # 98 last
month's show. Go to www.moneymanagementradio.com. Our most requested show to
date. We rushed this one through because of all the requests. See FREE SHOW
on left menu!

The Super Dividend Payers list is updated as of last week! The new list is
on the website under SUPER DIVIDEND PAYERS LIST. It contains some MONSTER
companies that are household names yet paying great dividends. I added some
more mutual funds that pay and also some stocks. Get your updated copy now.
Yearly subscribers get it free as usual; all others can order a one time
download for a paltry $29.00 or for pay a one time fee of $99.00, and get it
and the Dream Portfolio and all the updates I do and all the shows for a
full year. Get your money working for you now!

Turkey Matters,  our"match your funds" food program will be kicking 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. 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.
Lets 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!

100th Anniversary Money Matters October 7th, 2010. Hear old show
predictions, interview snippets, my first show and more. Surprises galore
and I may even give away free stuff! 

A Money Matters Viral for UTUBE is almost finished. I will email you links
to the show. Please email the link to everyone you know. This viral is a
very important snippet from YOU PRINT, I PRINT. Show #98. It is a must hear
and people need to listen to this 20 minute clip to know what is really
going on with our money. Look for it soon.

Markets:
So much is going on I don't know where to start so lets take it by sectors.

Currencies: The grand race I spoke about in Show # 98 "YOU PRINT, I PRINT'
was so timely I am scratching my head. The currency wars are making front
page business news just in the last few weeks. The Japanese just printed up
a few billion worth of yen to stem its rise. There was no hidden agenda in
this move and they freely said it was to weaken the yen. Nation upon nation
is now screaming to print THEIR currency in response to our printing  so
their exports wont get priced out in a world of falling currencies. This
"fiat" paper currency system is basically going to implode as governments
now have no regard for the average citizen's purchasing power. By printing
like mad, the world's citizens are quickly losing their savings thru loss of
value of their dollars. Savers and prudent ones are on the losing end of
this and that means the poor and those on fixed incomes. While the
governments of the world devalue their currencies so their corporations can
keep selling stuff, the average citizen is quickly losing out to rising
prices, the result of all these currency printing races.
The Chinese warned that forcing them to stop pegging their dollar to ours
will force a world currency crisis. If the Chinese do lift their currency
manipulation (we all do it and if that isn't calling the kettle black) it
will do little to help our exports as the wage gap is just too large but
everything you and I buy will go up in cost. Meanwhile our foreign currency
funds are screaming higher daily and although I like making money for all of
us with these funds, I am NOT happy that this is happening. These foreign
currencies are rising so fast now, it indicates something monumental is
taking place. Currencies are not supposed to be moving so fast. This could
be a harbinger of economic ills increasing in toxicity. The US DOLLAR is
falling fast and there seems to be no let up. Nobel Prize Winning Economist
Joseph Stiglitz who I admire is saying the European Central Bank and our
Federal Reserve is throwing the world into chaos with this insane money
creation and warns of implosion should this insanity not cease. Topping that
comment off is Jan Hatzius, chief U.S. economist at Goldman Sachs Group Inc,
who say that while the Federal Reserve will "very likely" take more steps to
ease monetary policy, asset purchases will have a limited effect on the
economy.
What all this means is "It wont be enough!", something I have repeated for
over 2 years now. The world is now witnessing the folly in all these
"programs" and stimulus. It won't work. It never could. Ironically, the Feds
are promising MORE quantitative easing, (money printing!) even in the midst
of our US DOLLAR PLUMMETING IN VALUE on the world stage!. This looks like it
will end VERY BADLY so mark my words. We are headed straight into the abyss.
Sorry to be the bearer of bad news, but I've never seen anything like it,
and I know YOU KNOW things are just not right. 

Gold: what can I say? It is skyrocketing, up 25 bucks yesterday with no pull
back as I write this, up 8 bucks more today at the mid $1,300's/ OUNCE.
Silver is pushing 23 bucks. This is in essence another currency, the real
currency, and with all this money printing gone mad, smart investors are
rushing to protect their wealth in something governments cannot print. I
expect a pullback eventually but PHASE 2 of a bubble can morph into PHASE 3
with out warning. PHASE 2 is an increasing rise in price, while PHASE 3 is
the manic phase where daily increases are normal punctuated with illogical
manic buying. The average investor is not in gold yet so PHASE 3 has not
arrived. We are seeing PHASE 2  acceleration. Investor s not owning gold
should consider adding physical gold  (see end of this update for contacts)
and silver as well as gold funds and stocks to capture even greater gains
and protect your wealth. A pull back now might be nasty so ease in but make
sure you have SOME GOLD or you may regret it later. Those holding large
amounts might consider selling a bit into this rally and buying back on a
pullback. Those gamblers our there might look at GDXJ, the Junior Gold
Mining Index of small gold producers. This should move with gold and
probably faster in PHASE 3 of the gold bubble, if it ever materializes. It
will probably fall in a gold correction or stock market rout.

Stocks: Ridiculous. Disconnect is all I can say. The FEDS themselves admit
they must do more to put the train back on the rails. The fact they
themselves are telling you they must print more should indicate to you they
don't believe this latest rally. Ludicrous thinking by Joe Investor is
driving this market higher. All I can say is go to PRUDENTBEAR.COM and read
the headlines yourself. DISMAL is all I can say and it resembles the
disconnect we saw right before the housing crash. Heed the signs. My guess
is another wave of bad news 

Housing: They are gearing up for an across the board HALT to foreclosures
blaming paperwork oversights at lending institutions. Pelosi put her hat
into the ring as well as others calling for blanket legislation conversation
to begin. They cant slow the train so they plan to derail it. All I can say
is "Incredible". A foreclosure moratorium will only delay this longer into
the future, dragging out an already dreadful situation months if not years
into the future. By delaying foreclosure, you force the homeowner to hold
the declining asset, and the banks meanwhile don't get anymore homes back!
That means YOU, not the banks, get stuck with the declining values. YOU, not
the banks, pay for homeowners to stay in their homes rent free. YOU, not the
banks, sit on an asset that slowly loses value, sticking YOU with the final
low value, at which point the banks will THEN move in when foreclosures
begin again and scoop all these houses up at even lower prices then they are
today. Finally, by not taking back any more houses, the banks don't have to
write any more losses on their books. Couple that with the recent change in
accounting rules BACK to allowing Enron style "Mark to Make Believe"
accounting, (Show # 60 Mark to Make Believe) where banks get to say their
mortgages are worth whatever they feel like, completes this grand farce of
this whole fiasco. Housing is in for another severe correction to be
followed by the grandest bailout of all. These guys are about ready to hit
the nuclear option to protect a bubble that can't be protected in the long
run. Nature wants housing to crash and that's what it will do. They cannot
prevent it, only delay it and worsen its outcome. Now more homeowners will
eventually default at even LOWER levels while the banks alleviate some of
their losses by chaining the doors shut so you cant get out even if you
wanted to. Mark my words. A vast new housing program or stall tactic is
coming. Those wanting to buy, I would wait if it was me. Lower prices
cometh. Much lower. 

Employment: Just out today, the economy CUT 39,000 jobs. This massaged
figure is actually over 150,000 of lost jobs but don't expect to see that
anywhere. Real unemployment (U6) which includes those not working, not
searching, underemployed and/or working part time by necessity is now over
20 %.  Expect this unemployment persistence to be the reason for the new
Quantitative Easing (money printing) program soon to be announced by the
Federal Reserve. This will also cause Obama to announce more infrastructure
programs and handouts, all funded by the printing press, causing even
further US DOLLAR erosion and rising foreign currencies and gold. 

World events: The Euros' problems are far from over and those wishing to
gamble can start to consider Euro shorts here. Ireland is in trouble and the
Central Bank will bail out anyone and everyone who ponies up to the trough.
Violating statute after statute, the banks of the world play by the rules
until they can't and then make new rules. It's the reason I have little
faith in new regulations or laws put in place to so-call "protect us". Once
the rules affect THEM NEGATIVELY, the rules are changed. You are seeing the
free market destroyed in grand steps of illusion and deception. Doubt the
results? 
Read this. While the world's citizens suffer, the banks continue their
control and profits:
Just out today on Prudent Bear .Com:
Bank bonds are the most expensive relative to the debt of non-financial
companies since before European leaders crafted a $1 trillion bailout as
concern eases the region's sovereign debt crisis will spark more losses.
Securities sold by lenders from JPMorgan Chase & Co. to BNP Paribas SA yield
203 basis points more than government debt on average, versus 148 for
industrial companies, Bank of America Merrill Lynch indexes show. The
55-basis-point gap has shrunk from 88, or 0.88 percentage point, in May, led
by gains in bonds of French lenders BNP Paribas and Societe Generale SA. The
relative gains in bank bonds signal investors are growing more confident the
world's biggest financial institutions will weather the sovereign debt
crisis. The difference in spreads is the narrowest since April 26, two weeks
before the European Union and International Monetary Fund unveiled a loan
package to bail out the region's most indebted nations. 
Complete article here:

http://www.bloomberg.com/news/2010-10-05/bank-spreads-shrink-to-least-since-
before-europe-s-bailout-credit-markets.html

Remember Thomas Jeffersons Quote:
I believe that banking institutions are more dangerous to our liberties than
standing armies. If the American people ever allow private banks to control
the issue of their currency, first by inflation, then by deflation, the
banks and corporations that will grow up around [the banks] will deprive the
people of all property until their children wake-up homeless on the
continent their fathers conquered. The issuing power should be taken from
the banks and restored to the people, to whom it properly belongs.

Dividend Payers: Hold but have mental stops. They will rise with the
markets. Collect the checks for now and hedge with contrary stocks. (DOG)

Interest Rate funds: Add here if you believe the recent rise in foreign
currencies will eventually show up in interest rates. These funds have been
hammered and could go down even farther if the US begins quantitative easing
(QE2) again but eventually rates will rise. With foreign currencies rising,
this could indicate interest rates are soon to follow. 

Swiss Annuities: Those who bought these and put them in Swiss Francs are
doing very well as your Francs are rising quickly. Not only may you get
dividends and interest, you are making money just in the currency exchange.
These were bought to protect against a falling dollar and are doing just
that. They are also a way to get money OUT of the US and I believe this is
becoming more important by the minute. New proposed regulations now target
ANY transaction of any amount leaving the US instead of the $10,000.00  now
in effect. The FEDS want to know about any and all money leaving. Eventually
you will probably have to get permission to move any money offshore.
Disgraceful and unfortunate but this is the way we are going. The "Land of
the Free" is quickly becoming the Land of the oppressed.

Elections: I am voting OUT any incumbent. Anyone at the helm when the ship
hit the rocks is gone, at fault or not. This may not be entirely fair, but
with the exception of Ron Paul, I am pulling the "new" handle.

Write your representatives and tell them no more bailouts, no more
quantitative easing, no more programs, no more bank concubines, no more
stimulus. NO MORE PROGRAMS, NO MORE SOCIALISM,
Let the fire burn out the rot so we can begin. No more jets, no more debts! 
Single term limits and no more lobbyists. The system needs a complete
overhaul and it starts with changing the crew.

Contacts for gold, silver and Swiss annuities are either at the end of this
newsletter or on the website. www.moneymanagementradio.com

100 th Anniversary Show Tomorrow, Thursday, October 7th, 2010, 12:00 PM PST
on KVMR.ORG. Hear me 5 years ago and see what you think. 

All for now. 
Send in those Turkey Checks and lets help those less fortunate and stick me
while you do it!

Marc

Stay Healthy: See below. 
Invest in your body. I got a massage from a KVMR volunteer which was
exquisite. She has suspended poles from the ceiling allowing her to use her
feet on your back, but with tolerable weight for those sensitive types, or
more weight if you're like me and like the bones to crack. Here is her
information. She is offering a special for us. She helps with our station so
let's help her back and yours while your at it!
Twin Soles Ashiatsu massage: Ashi (foot) Atsu (pressure).  A unique form of
Deep Tissue massage. Leia uses overhead bars for balance while providing a
deep yet luxurious massage with her feet. Excellent for addressing spinal
compression, chronic back pain and over all circulation, health & wellness.
Monthly discounts for those who want to include massage as part of health
maintenance. First time introductory rate $39 Leia Farrell CMT 202 N Pine
Street Nevada City call for appointment 530 262 1335  www.twinsoles.com  ~
leia at twinsoles.com. 

  _____  

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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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