[Money-matters] FW: [Money Matters Newsletter] Markets Up. Interest rates on the rise. Greece gets it bailout. Update July 3, 2011
Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios
bayareaprocess at att.net
Sun Jul 3 23:41:20 UTC 2011
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From: Money Management Radio [mailto:marc at moneymanagementradio.com]
Sent: Sunday, July 03, 2011 4:39 PM
To: client preferred
Subject: [Money Matters Newsletter] Markets Up. Interest rates on the rise.
Greece gets it bailout. Update July 3, 2011
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Money Matters Newsletter: Markets Up. Interest rates on the rise. Greece
gets it bailout. Update July 3, 2011
Marc's Notes:
Citbank (Citigroup) CEO Vikram Pandit, is on track to receive almost a
quarter billion in compensation in the next year. If you recall we gave
Citibank billions to guarantee their bad bets on housing and the FEDS
continue to hold billions in those bad IOU's.
You can repeat this story over and over again in bank after mega bank as the
American people stand to be the most ripped off in history with the full
complacency and cooperation of the Federal Government yet no one seems to
have a problem with this.
Please reread that last paragraph again and let it sink in.
Banks are posting record profits by 1) Panning off their losing bets on
housing to the Federal Reserve who use your tax dollars to buy them at full
value and give the banks cash in return. 2) The banks keep all previous
profits. 3) Accounting standards were changed to allow the banks to state
false values on home loans they still hold despite the fact that the FEDS
just tried to sell some of this garbage and still only got pennies on the
dollars in bids (See AIG story) 4) Claiming false values on these loans, the
banks can then post profits instead of losses and then pay themselves
bonuses. 5) The banks continue to get almost free money from the FEDS then
park the money in US Treasuries and get paid more interest then the money
costs them from the FED.
Summarizing- They are stealing you blind. Nuff said?
The markets rallied these last 2 weeks among talk that Greece may get its
can kicked down the road again with another boatload of billions. The real
truth is the central bankers and private banks all work together to keep
their paper money scheme in place so they can print it at will. After all if
the paper money system implodes, they can't print it anymore. They use this
paper money to buy whatever they want and stay in power. They also throw the
common folks a bone so they don't come and string them all up on lamp posts.
The ensuing inflation from all this money is the invoice you get. This
invoice has no creditor on it as people don't understand printing money
causes inflation so Joe Blow has no where to aim what guns he has left.
You get stuck paying 4 bucks for eggs while they get billion in bonuses.
(See start of this newsletter again). Round and round we go.
So Greece gets another bailout which will put the problem off another year
or 2 while the other PIIG nations (Italy, Portugal, Spain, Ireland and who
else knows who) all line up for their piece of your money.
Don't think you pay? Think again.
The US is responsible for a good chunk of that money. After all, the central
banks are all together in this. Remember, the banking system is the private
AND central banks and watching each others back is what they do. They will
posture to look like they are watching public money but in the end, they
always bail out each other as the other option is default and then the banks
get screwed. So they screw us instead.
Look for more talk about deficits and broke countries and states and cities
needing funds, and in the end getting pretty much all they need, all created
by a computer stroke which causes more inflation which you and I pay.
Simple equation: Printing money = higher prices.
End of class. Any questions?
With Greece now bailed out (almost) the stock junkies now attempt to drive
the market higher into the summer to calm the crash fears and with it
certain asset classes move in tandem or opposite. Rising markets for now
equate to higher oil prices, higher interest rates, gold prices, stock
prices and foreign currencies.
The US dollar will go down however and gold and silver may oscillate as
remember, the FEDS don't want inflation to be noticed. Higher commodity
prices show inflation so they will try and keep a lid on prices by doing
things like capping silver loans (already done) and releasing emergency oil
reserves (already done that too).
Hold all positions as indicated. The Swiss Franc is almost at all time highs
with our other currencies not far behind. Gold and silver are off their
highs. Don't be fooled.
(I recently heard Steve Pomeranz, a well known CFP on the radio say that
gold is done. We will see Steve.)
Do you follow these Wall Street Shills?
Did Bob Brinker show tell people to buy stock indexes in the 2000's before
the crash.
Humm..
Did Suzi O say gold in the 600's was overpriced as it had doubled yet you
should buy the Nasdaq after it had gone up 5 times? Gold quadrupled and the
Nasdaq crashed.
Humm..
Did Cramer (Mad Money) say to leave your money in Bear Sterns? Bear Sterns
went the way of the Dodo.
Humm..
Use your head. Do all things seem ok to you?
Stay tuned and save your money. Don't follow those that got it wrong. Look
around you protect your money and keep most of it OUT of the casino called
Wall Street.
Gamblers Plays placed on Twitter last week:
SRS short real estate- bought at high 14's. Now down a buck. Hold.
TBT Interest rate fund- bought at 32 and change. Up 2 bucks. Hold till 35
plus then sell for profit or put a stop in at 35.
Other gamblers plays put out some time ago:
TBT- Hold
Nat Gas- Hold
Oil- Hold and add. Sell calls against UCO. They are rich. (Experts only)
Short China- FXP Hold
Rare Earths- Hold and sell calls against REE and SHZ and MCP. They are rich.
Silver- Add select stocks, the silver ETF called SLV (in IRA only) and
physical.
Longer holdings per the Dream Portfolio:
Move more safe money funds into NO RISK CDS at EVERBANK for inflation
protection yet no downside risk. (Link here)
<https://www.everbank.com/personal/timeless-metals-cd.aspx?referid=13286>
https://www.everbank.com/personal/timeless-metals-cd.aspx?referid=13286
Physical gold and silver: Add- see contacts at end of newsletter.
Swiss Annuities- Add before window closes. (Unknown if they will halt our
access to these). Hold in Swiss Francs or other currencies but no US
dollars.
US Savings accounts, short term Cd's and Treasuries- Most monies in here.
Foreign currency funds- Add
Dividend payers- add as usual but stick with only the monsters for now
(First 15 or so on the Super Dividend Payers list).
All eyes as usual on interest rates. This is the final canary.
Want to play a round of golf with me? Email me for details.
Follow daily market commentary on Twitter but next week I am off taking a
break so there will be limited commentary.
All for now, have a great 4th and fight to return this nation to greatness.
Oust the bastards that bailout others no matter what party the belong to.
Marc
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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.
Follow Marc Cuniberti on Twitter <http://www.twitter.com> for daily Money
Matter updates.
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