[Money-matters] FW: [Money Matters Newsletter] Dow set to plunge at open! Panic strikes the markets Sunday night! Update August 7, 2011

Mon Aug 8 00:05:45 UTC 2011

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Sunday, August 07, 2011 4:53 PM
To: client pref
Subject: [Money Matters Newsletter] Dow set to plunge at open! Panic strikes
the markets Sunday night! Update August 7, 2011

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Dow set to plunge at open! Panic strikes the markets Sunday night! Update
August 7, 2011

Marc's Notes:

Well I really don't know where to start.

With the S and P downgrade all hell looks to break loose on world markets.
Although I am writing this on Sunday afternoon, August 7, 2011, gold is just
opened and up 20 bucks. Overseas markets are being hammered, down anywhere
from 2 to 5 % already.

As I have said many times, things can happen very quickly when fear sets in
and happen fast. I also said this thing was coming back and to get to mostly
cash with some gold, silver, Everbank NO RISK Cds, Swiss Annuities, Swiss
Francs, Aussie Dollars, Canadian Dollars and the like.

This afternoon cash is safe, gold is up as is silver, Swiss Francs are
skyrocketing.
I haven't seen the American markets yet but assume get ready to rock and
roll.

I suspect some announcement from World Central banks everywhere to try and
stem this new crisis. Truth is folks, fiat (paper) money everywhere is
coming apart as the central banks of the world printed trillions to bail out
the PRIVATE banking system. 

These PRIVATE banks concocted all these mortgage packages and sold them with
AAA ratings all over the world. Then the insurers got into the act insuring
trillions of dollars worth. The money for all those home loans was provided
by the Federal Reserve dropping interest rates to zero and giving no
oversight. 

All this free money to the banks allowed them to give anybody breathing a
loan while the FEDS and Congress were asleep at the switch. No oversight, no
regulation, no brains. 

They could have stopped this thing anytime by letting interest rates rise to
normal levels and making sure banks had some sense of good sense to make
sure they made loans to people that could make the payments. With low
interest rates, no oversight, no common sense, no nothing, the banks did
what banks do. 

Get consumed by greed where it's never enough. The insurers and banks and
brokerage houses made billions, trillions while Congress and the Feds took
all the credit AND kept all the profits. When the whole thing backfired and
went bad, WE THE TAXPAYER was made to pay. 

When they ran out of our money, they just printed more, and gave more to the
banks. 

This money was pissed down the rat hole and the banks posted record profits
in 2009 and 2010 then paid themselves bonuses again. Now the rot rises to
the top again as the debt problem never went away. It was just covered up
and moved up to central banks themselves.

The last bailout just moved the rot to the top dogs , the central banks, and
now their money is going bad itself. 

Unfortunately its our currency too. Now the whole mess blows to high hell
and we will suffer greatly. 

The private banks again will keep the 09 and 2010 profits and now the
central banks start to bail them out again. They just announced they will
now print more to buy Spain and Italian debt. (Greece and Portugal they
already did), and the US itself is now at risk with the downgrade from S and
P rating service. 

The central banks now convene today to try and stave off WHAT THEY
THEMSELVES CAUSED. They meet to maintain control of their b.s paper
currencies that they themselves issue. Lose control of that and they lose
control. WE WILL SUFFER from their idiocy.

What to do:

Get angry! Get ready to DO SOMETHING! We must save America from these
thieves!

Watch and learn as you see them insist they "do something" and end up doing
the SAME THING that caused the problem. They will give MORE MONEY TO THE
BANKING SYSTEM to insist they "save it". The banks again got to keep the
last 2 years profits yet get even MORE MONEY again by getting their EURO
bonds paid (they invested in them knowing they were risky but KNEW the
governments wouldn't let them fail). 

The Euro central banks are breaking all their own rules when they
established the EURO. They will break these rules to save themselves, their
banking masters and their rotten system. 

Who are "they'? As James Quinn writes in one of the finest articles I have
ever read. (Link below and PLEASE READ IT).

"When you watch the talking heads and contemptible pundits on Fox, CNBC,
MSNBC, CNN and the other mainstream corporate media spinning our economic
situation in a positive way, remember that every person you are listening to
is a member of the top 1% richest Americans. They have large portfolios of
stocks and will not let reality or truth interfere with their ambitions of
further wealth and power. This country is controlled by the few for the
benefit of the few at the expense of the many. Less than ten banks control
more than 50% of deposits and 75% of the lending in the country. One private
banking organization - the Federal Reserve - controls the currency of the
country. A handful of mega-corporations control the commerce of the country.
Less than ten arms dealers dictate the war spending in the country. A few
media conglomerates control the message fed to the masses. A few hundred
corrupt politicians pay off their corporate and banking masters with laws,
tax breaks, and pork. These people make up the ruling class of America."
James Quinn. 

(  Link to complete article here:
http://www.zerohedge.com/news/guest-post-bread-circuses-spending-cuts-unicor
ns-and-appearance-wealth
<http://www.zerohedge.com/news/guest-post-bread-circuses-spending-cuts-unico
rns-and-appearance-wealth%20>    )

Hold all gold and silver positions. Initiate mental stops on stocks if you
are overloaded in stocks and think you have too much in the market if it
crashes. If you can tolerate a 75 % loss which I think is worse case, then
you can hold. Dividend payers ditto. Our call to move money out of some
stocks in RCS was the right call as so far stocks are down almost 10 % and
RCS is only down a tad.  

Gamblers plays on TWITTER (follow my name for daily- hourly updates and
special gambling recommendations) are SRS which is skyrocketing, TBT which
was sold at about a 15 % loss, and the new one EUO shorting the Euro is down
a bit. Stay with your contrary funds as usual as they will rise with market
routs.

Cash in the savings accounts are fine as recommended as well as our EVERBANK
NO RISK CDS and I am so glad we own those Swiss Annuities aren't you?!

Swiss Francs are skyrocketing. Our other currencies are way up but will now
probably pull back a bit. 

The Swiss Franc is the only one left standing and why it is called the
"Flight to Safety Currency" and why I have been saying all along it is/was
my favorite. 

The big question is now is how bad will it get. I suspect the FEDS and their
fellow crooks, the other Central Crooks ( I mean Central Banks- sorry) will
be all over the news wires now thru tomorrow trying to convince the Lemmings
there is no cliff and we aren't running towards it. 

The REAL issue is WHAT WILL HAPPEN TO INTEREST RATES!

Should interest rates rise (they should without intervention) it will
increase US costs to service its debt.  JPMorgan Chase & Co. estimated that
a downgrade would raise the nation's borrowing costs by increasing interest
rates to the tune of  $100 billion a year. It would likely increase Treasury
yields by 60 basis points to 70 basis points over the "medium term." 

This very thing was covered in the most recent Money Matters Shows.

The world up to now has been seeking refuge in the US Dollar when things got
scary but now with the DOWNGRADE OF US DEBT, the very thing they sought out
was DOWNGRADED!  

Will they still buy US debt or will the downgrade now force them elsewhere? 

Where else will they go? 
To gold?  To oil?  To commodities? To the Swiss Franc?

The rock is closing in on the hard place for the US FEDS as we speak. You
unfortunately are along for the ride as we continue to let them drive.

 (Money Matters Show # 116 " The Rock and the Hard Place").

The black deleveraging hole is returning and now we have even more debt and
we are downgraded to boot. The FEDS will blame someone else again (like evil
speculators) but really folks, the key question is will interest rates now
finally rise on US Debt? 

This is why we have been holding RRIPX and TBT all this time. Although these
funds have gone nowhere but down, they were insurance against what JUST
HAPPENED. If interest rates on US Treasuries rise tomorrow, like I have been
warning you, we will be in deep S..T.

I piti those that stuck with those "advisors" who told them to hold for the
long term. They didn't change their tune and learned nothing from the last
time the market crashed. 

Few made changes nor learned their lesson. Now they will see the error in
their ways.

For their sakes, they should hope the FEDS print more money again and toss
more money to the banks, as that will stop the stock market from cratering
entirely.

I expect they will start printing again to "save the system", and THAT will
throw the debt reduction plan they JUST PROMISED go out the window! 

Not more then 4 days into their "promise" and wha la, they need to keep
borrowing more to stave off this weeks coming carnage. 

(Dow futures just opened down 250. I suspect it will be hopping around all
night.)

So I hope you all prepared, the mob is massing towards that door I told you
to get thru about 120 Money Matters shows ago. 

Expect some sort of "announcement" (ANNOUCMENTS ANNOUNCEMENTS) and watch the
fireworks.

Oh and housing?  HAHAHAHAHAHAHAAHA!   Say goodbye (again).

National Association of Realtors Economist Lawrence Yun will probably drink
Hemlock this week. Maybe the NAR will finally get someone who tells the
truth.

"It's a great time to buy"! HAHAHAHAHAHAA. That has been the joke of the
decade.

Right now folks it's a great time to just sit and watch the real estate
sector do what it wants to do by nature. Totally crater till ashes blow in
the wind. Expect housing to fall off a cliff now and this time is aint gonna
even blink "up".

Told ya.

All for now. 

Marc

PS: Want to keep money safe from loss yet have upside potential?  Well, what
are you waiting for.  Everbanks Timeless Metals NO RISK CD closing soon.
Insured against ANY LOSS what so ever yet can earn up to 10 % a year. (Read
the prospectus).

Link here:
https://www.everbank.com/personal/marketsafe-cd.aspx?referid=XXXXX

PSS: Want money off shore and out of US authorities reach AND IN SWISS
FRANCS?

Link here:  http://moneymanagementradio.com/swiss_annuity

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Where I buy some of my gold and silver: What I call "Possession Gold". 
Monex Deposit David Feldberg   x 2216 
4910 Birch St., Newport Beach Ca 92660 
(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. 
I usually buy Gold Eagles, Buffalos, Kruggerands, Silver Maples. Gold Pandas
Generic Rounds. Peace Dollars or Morgans. 
Blanchard and Company, Inc.
P.O. Box 61740
New Orleans, La 70161-1740
Direct toll free number: (888) 727-7537
Rick Baugnon- (Please ask for Rich only as he knows what Marc recomends) 

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. 
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