[Money-matters] FW: [Money Matters Newsletter] STAGFLATION! Get your bell bottoms on! Here come the 70"s. Update Sept. 24, 2010
Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios
bayareaprocess at att.net
Sat Sep 25 00:09:47 UTC 2010
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From: Money Management Radio [mailto:marc at moneymanagementradio.com]
Sent: Friday, September 24, 2010 5:08 PM
To: client
Subject: [Money Matters Newsletter] STAGFLATION! Get your bell bottoms on!
Here come the 70"s. Update Sept. 24, 2010
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Money Matters Newsletter: STAGFLATION! Get your bell bottoms on! Here come
the 70"s. Update Sept. 24, 2010
Marc's Notes:
Years ago I predicted a housing crash, debt implosion and bank seize up the
likes of which had never been seen since the 30's. I said to be in bank
accounts and treasuries and mostly OUT of the stock market. I said
commodities would lift off and gold would skyrocket starting in 2005. Then I
said the OBAMA rally would lift stocks into 2009. In late 2009 I said
unemployment would be the headlines to come and in the spring of 2010 I
called the crash in housing sales this summer. I told you the US dollar
would continue its fall against other currencies and to get out of the EURO
in mid 2009. I jettisoned the Yen in spring of 2010 and told you to hold
only the FRANC, AUSSIE and LOONIE. I told you the government programs would
be massive and ongoing for the last 2 years and in late 2009 and early 2010
I said they would never be able to pull out of them. I told you they would
print money like crazy. I said some European countries would default and
even told you what banks would start the crises way back in 2008. I
trumpeted the whole way "it wont be enough" and that "you aint seen nuthin
yet" and I recently called for selective inflation in certain areas and
DEFLATION in other areas.
All of this and more unfolded almost exactly as I predicted and now I have
more predictions.
STAGFLATION cometh! That's inflation WITH an economic downturn!
The WORST of both worlds.
Just out today: corn, soybeans, meat, wheat, eggs, milk, wood.. you name it,
it is reaching new highs or leaping there quickly. The FEDS printing press
is having its effect just like I told you it would. Everything is going up
AND the stock market as well but look what dropping like a rock. The value
of the US dollar against foreign currencies. (The Franc and Aussie and
Loonie are close or hitting new highs this week!). Employment is dropping,
house sales are crashing, commercial real estate is hemorrhaging, business's
are failing.
Don't believe me? Then why is the Federal Reserve talking about more
Quantitative Easing (Money Printing) and why is Washington talking more
stimulus and more unemployment benefits?
It's because they know the truth. With home sales unchanged at a 288,000
annual pace, this matches July as the second-lowest in data going back to
1963! Obviously there's no recovery there! Total orders for durable goods
dropped 1.3 percent last month so there's no recovery there as well. Close
to 500,000 filed for unemployment. Wages earned are at 1990 levels when
compared to inflation yet costs are skyrocketing. In the face of all this we
see food prices sprouting higher and higher. (gone shopping lately?) and
restaurant menus are revising prices upward. Gosh I paid over 10 bucks for a
deli sandwich and $2.50 for a glass of coke!
The word Stagflation goes back to the 70's where the economy stalled right
before massive inflation took off in the late 70's. I suspect that's what we
are seeing now. Prices are starting to creep up yet the economy is faltering
now that government spending is petering out. That's why the FEDS know they
must again write an uncashable check to spend where you and I are not.
Just like the 70's, I now predict we will see INFLATION spreading to other
areas and my next call is ENERGY, which has been stagnant, to begin to
rocket higher. It must follow the other prices we see now rising and my call
is energy sources will do just that. I suspect oil will now begin its
renewed creep up and other energy sources will follow. (Natural gas's day is
nearing).
That being said, I would begin to add OIL positions to our GAMBLERS
portfolio and I will be looking to add USO and select energy dividend payers
with extra money. (See Super Dividend Payers List).
Meanwhile foreign currencies are on FIRE with the Swiss Franc, Aussie Dollar
and Canadian Dollar reaching new highs. Those who bought these funds from
our Dream Portfolio or newsletters are making balance gains PLUS dividends.
Those who bought Swiss Annuities and put them in Swiss Francs are seeing not
only dividends and interest being paid but your balances are growing as well
as the Franc strengthens. It is PARITY with the US DOLLAR as I write this!
HOLD!
While the rest of the world tries and makes money on this risky stock
market, we hold these currencies and get paid to do so. A much safer and
more sound strategy in my opinion then owning a bunch of mutual funds that
pay nothing.
Did we mention Gold and Silver? Holy Cow! Close to $1300.00/ OZ for Gold and
silver just broke $21.00 /OZ ! Our recommended gold funds like TGLDX USERX
UNWPX rocket ever higher. Like I said throughout the show. "When there's
money in the corner, go pick it up".
The obvious conundrums are interest rates are still in the dirt so our
interest rate funds remain going nowhere but down. WAIT! Our time will come.
Rising foreign currencies signal a train wreck dead ahead as does our canary
in the coal mine, GOLD and SILVER. The stock market is rising as well. So
what is going on here? Notice the things that the FEDS can manipulate ARE
RISING such as fudged economic figures, the Dow, and interest rates. The
FEDS control all of these.
But wait!
Look at the numbers they can't mess with. Tax receipts! DOWN! Housing
Sales! DOWN! Foreign Currency Rates! UP! Unemployment Claims ! UP! Companies
going broke! UP! Foreclosures! UP! Personal bankruptcies! UP!
READ THE SIGNS, not the spin. The market will reflect reality eventually,
unless they just print to the cows come home, which my bet is they will.
Look for MORE PROGRAMS, MORE UNEMPLOYMENT BENEFITS, the magic word:
QUANTITATIVE EASING, Monetization, buying of assets by the FEDS. You name,
the kitchen sink is on deck!
Market volatility is about to pick up. Look for more ANNOUNCEMENTS as
election time nears. Your politician look to the massive group of people
needing assistance to pull the voting handle for the politician that
promises the most money.
All for now,
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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