[Money-matters] FW: [Money Matters Newsletter] Swiss Franc new highs. Loonie and Aussie follows! Debt ceiling assault! Update July 26, 2011

Wed Jul 27 01:41:43 UTC 2011

  _____  

From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: to client
Subject: [Money Matters Newsletter] Swiss Franc new highs. Loonie and Aussie
follows! Debt ceiling assault! Update July 26, 2011

<http://moneymanagementradio.com/files/moneymn/shell/simplenews_header2.jpg>

Swiss Franc new highs. Loonie and Aussie follows! Debt ceiling assault!
Update July 26, 2011

 Well looky here.  Just out:) 
Sales of new U.S. homes unexpectedly fell for a second month and a gauge of
property values also dropped, showing the industry that sparked the
recession is stagnating. 
Purchases dropped 1 percent in June to a 312,000 annual pace, a three-month
low, figures from the Commerce Department showed today in Washington. Prices
in 20 cities dropped 4.5 percent in the year ended May, the most since
November 2009, according to a report from S&P/Case-Shiller. 
Now, thumb in the noses of all who called a recovery in housing and its time
to buy. 
Listen, I have no axe to grind with realtors or their association (NAR)
despite the fact they called me crazy in 05 and 06 when I told them housing
would crash by at least 40 %. (Hear Money Matters show "Real Estate"#9 made
in 2006), But you would think that being in real estate they would know
where their own asset is going. I can't tell you how many times I have been
told it's a great time to buy by realtors over the last 3 years. (Well, they
actually always have been saying that). But basic stock buying says you
don't buy a stock that is falling right? Neither do you buy ANY asset that's
falling! 
You wait until the selling stops. And in housing, they selling aint no where
near over!
I keep saying, there is a time to own an asset and a time NOT TO and now is
not a good time to be buying NOR selling. If you have to sell, then price it
to go and if you don't get an offer in 2 weeks, drop the price, and by a
LOT!
Follow the facts and not the hype. Realtors are great people and I have a
lot of friends in the business, but truthfully they are not economists. They
just follow their NAR spokesperson and he was wrong so many times they fired
him. Now they got a new guy who is just as befuddled. He can't figure out
what to do either. He still has that stupid look on his face trying to
figure out what planet his real estate forecast is accurate on. Not Earth
Mr. Yun.
But wait! 
Those world improvers called the Government are trying to hash out another
home program! Hooray. They helped so much last time, please guys, give us
some more of nothing and charge us billions!  This next program is to reduce
defaulted and late mortgages by actually lopping off some amount you owe!
You "on time" payers need not apply. It's only for deadbeats. They hope that
will stop the plunge. It won't. 
Bottom line, there are too many houses and unless you bulldoze 3 million of
them (Shh, don't say that too loud!)  the supply aint going away and in fact
is getting larger by the day. The lower prices go, the more homeowners walk.

Economic fact, not realtor fiction. Facts always triumph over fiction. But
they are gonna try and ramm this through.
This is rich. You can't make this stuff up. Those paying your mortgage on
time, you will pay for the others. But keep paying you stooges! I didn't say
that, THEY DID!
And just keep voting them in folks. They love giving our money away! After
all they have to "do something" to save our economy!
Over the pond, Greece got its bailout. They are gonna now extend and pretend
and lop off 21 % off some bonds the Greeks owe. Never mind to getting them
to spend less, Nah, that wont work. Let's just loan em some more money and
lop off some debt and extend the terms. Boy if I did that at home, I would
be bankrupt. 
But wait, Greece is bankrupt! But nobody is noticing that fact!  Wow, this
new millennium really has some way cool rules now!
The U.S. meanwhile haggles over raising the debt ceiling. What a joke. A
real US default would crash the world markets as all debt is backstopped by
the FEDS so that aint gonna happen. They will wrangle with each other and
maybe even go past the deadline but right now they are getting a tongue
lashing and fear course from Bernanke and friends about how irresponsible
that would be. 
What's irresponsible is the 95 times they have raised the ceiling and now we
stare down a double barreled debt of over 100 trillion in promises which
will never be paid off. It can't be. That's over 8 times what we make in a
year. Yet we overspend by a trillion a year or more. It would take a 10 %
cut in spending for 100 year to begin to pay it off and a 10 % CUT is not
even on the table nor possible. They are only talking about slowing spending
with some illusionary 2 trillion dollar cut over 10 years. Now you tell me.
If we overspend now by 1.5 trillion every year, what will 2 trillion in cuts
do over 10 years?  It's more then ludicrous. It's delusionary. 
Sorry to say we are stuck with the world improvers to improve us into
poverty. When they announce the deal, don't listen to the spin, do the math
and there-in lays the devil.
For now, our holdings are doing great. Gold is knocking new highs and silver
is getting ready to assault 40 bucks again after its brutal takedown by the
Commodity exchange commission. Hope you took my advice and loaded up again
in when it was in the 30's. Our foreign currencies are going ballistic with
the Swiss Franc over 123 followed in the high 100's by the Canadian Dollar
and Aussie dollar. Wow. The US dollar is falling faster and faster. It's
downright insane. Bernanke won't be happy until he destroys our currency
entirely. 
Stocks are flat but not crashing so our dividend payers are paying. (I am
updating the Super Dividend Payers list this week and will notify you when
done).
Gamblers plays are flat so hold. 
All else remains as is. (See previous newsletters).
Follow my name MARC CUNIBERTI on Twitter for daily / hourly updates on the
markets.
I had early summer off but now its work time. Money Matters goes back on the
air this Thursday. "Bernanke's Plan to Destroy the Dollar".  Noon on KVMR
PST. 89.5 and 105.1 or live on www.kvmr.org.
All for now,
Marc

Marc's Notes:
Well looky here.  Just out:) 
Sales of new U.S. homes unexpectedly fell for a second month and a gauge of
property values also dropped, showing the industry that sparked the
recession is stagnating. Purchases dropped 1 percent in June to a 312,000
annual pace, a three-month low, figures from the Commerce Department showed
today in Washington. Prices in 20 cities dropped 4.5 percent in the year
ended May, the most since November 2009, according to a report from
S&P/Case-Shiller. Now, thumb in the noses of all who called a recovery in
housing and its time to buy. Listen,I have no axe to grind with realtors or
their association (NAR)  despite the fact they called me crazy in 05 and 06
when I told them housing would crash by at least 40 %. (Hear Money Matters
show "Real Estate"#9 made in 2006),
But you would think that being in real estate they would know where their
own asset is going. I can't tell you how many times I have been told it's a
great time to buy by realtors over the last 3 years. (Well, they actually
always have been saying that). But basic stock buying says you don't buy a
stock that is falling right? Neither do you buy ANY asset that's falling!
You wait until the selling stops. And in housing, they selling aint no where
near over!I keep saying, there is a time to own an asset and a time NOT TO
and now is not a good time to be buying NOR selling. If you have to sell,
then price it to go and if you don't get an offer in 2 weeks, drop the
price, and by a LOT!Follow the facts and not the hype.
Realtors are great people and I have a lot of friends in the business, but
truthfully they are not economists. They just follow their NAR spokesperson
and he was wrong so many times they fired him. Now they got a new guy who is
just as befuddled. He can't figure out what to do either. He still has that
stupid look on his face trying to figure out what planet his real estate
forecast is accurate on. Not Earth Mr. Yun.But wait! 
Those world improvers called the Government are trying to hash out another
home program! Hooray. They helped so much last time, please guys, give us
some more of nothing and charge us billions!  This next program is to reduce
defaulted and late mortgages by actually lopping off some amount you owe!
You "on time" payers need not apply. It's only for deadbeats. They hope that
will stop the plunge. It won't. Bottom line, there are too many houses and
unless you bulldoze 3 million of them (Shh, don't say that too loud!)  the
supply aint going away and in fact is getting larger by the day. The lower
prices go, the more homeowners walk. Economic fact, not realtor fiction.
Facts always triumph over fiction. But they are gonna try and ramm this
through.This is rich. You can't make this stuff up. Those paying your
mortgage on time, you will pay for the others. But keep paying you stooges!
I didn't say that, THEY DID!And just keep voting them in folks.
They love giving our money away! After all they have to "do something" to
save our economy!Over the pond, Greece got its bailout. They are gonna now
extend and pretend and lop off 21 % off some bonds the Greeks owe. Never
mind to getting them to spend less, Nah, that wont work. Let's just loan em
some more money and lop off some debt and extend the terms. Boy if I did
that at home, I would be bankrupt. But wait, Greece is bankrupt! But nobody
is noticing that fact!  Wow, this new millennium really has some way cool
rules now!The U.S. meanwhile haggles over raising the debt ceiling. What a
joke. A real US default would crash the world markets as all debt is
backstopped by the FEDS so that aint gonna happen.
They will wrangle with each other and maybe even go past the deadline but
right now they are getting a tongue lashing and fear course from Bernanke
and friends about how irresponsible that would be. What's irresponsible is
the 95 times they have raised the ceiling and now we stare down a double
barreled debt of over 100 trillion in promises which will never be paid off.
It can't be. That's over 8 times what we make in a year. Yet we overspend by
a trillion a year or more. It would take a 10 % cut in spending for 100 year
to begin to pay it off and a 10 % CUT is not even on the table nor possible.
They are only talking about slowing spending with some illusionary 2
trillion dollar cut over 10 years.
Now you tell me. If we overspend now by 1.5 trillion every year, what will 2
trillion in cuts do over 10 years?  
It's more then ludicrous. It's delusionary. Sorry to say we are stuck with
the world improvers to improve us into poverty. When they announce the deal,
don't listen to the spin, do the math and there-in lays the devil.For now,
our holdings are doing great. Gold is knocking new highs and silver is
getting ready to assault 40 bucks again after its brutal takedown by the
Commodity exchange commission. Hope you took my advice and loaded up again
in when it was in the 30's. Our foreign currencies are going ballistic with
the Swiss Franc over 123 followed in the high 100's by the Canadian Dollar
and Aussie dollar. Wow. The US dollar is falling faster and faster. It's
downright insane. Bernanke won't be happy until he destroys our currency
entirely. 
Stocks are flat but not crashing so our dividend payers are paying. (I am
updating the Super Dividend Payers list this week and will notify you when
done).Gamblers plays are flat so hold. All else remains as is. (See previous
newsletters).
Follow my name MARC CUNIBERTI on Twitter for daily / hourly updates on the
markets.
I had early summer off but now its work time. Money Matters goes back on the
air this Thursday. "Bernanke's Plan to Destroy the Dollar".  
Noon on KVMR PST. 89.5 and 105.1 or live on www.kvmr.org
Those following my Safe Money recomendations, enroll in the Everbank NO RISK
FDIC CD that has up to 50 % potential yet you cannot lose a dime. The only
FDIC CD I use for SAFE MONEY yet has inflation protection unlike a bank cd.
Link here:
https://www.everbank.com/personal/timeless-metals-cd.aspx?referid=13286
All for now,

Marc
  _____  

Do Not Reply to newsletter messages directly. 
Direct all questions or comments to Moneymatters at kvmr.org. 
All comments or questions must be less then 3 sentences in length and must
not contain any links or articles. 
You can access past updates at: http://www.moneymanagementradio.com 
Disclaimer: 
The views expressed here are opinions only. This update does not represent
KFOK, KNQY, KZFR or KVMR FM radios in anyway and should not be construed as
an extension of either station. It is a private email subscription and is
produced by Marc Cuniberti and does not reflect the views or opinions of the
stations, their management, underwriters or members. All issues regarding
this email should be sent to Marc Cuniberti and/or his agents. 
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
publication or any information contained herein. You are responsible for
your investing. Perform due diligence on any firm you plan to send money to.
Mr. Cuniberti makes no claim as to the validity or soundness of any firm or
institution mentioned herein or on any of his publications or shows.
Investing involves risk. You can lose money. Please order up the prospectus
on any and all securities you may be planning to buy and do your own
research before investing. Mr. Cuniberti may or may not hold the securities
listed. Some companies mentioned or exhibiting advertisements or banners on
Money Management Radio material may offer a consideration for their
advertising space and/or referrals from such promotions. 
If you wish to send Mr. Cuniberti an email, please keep your emails to less
then 3 sentences and do not ask about specific holdings you may hold nor ask
him to comment on YOUR specific situation. You may submit general market
questions or concerns. He answers EVERY email sent to him within the
confines of these rules. Someone will respond to your email regardless of
what it contains so you will know we received it. We care about your
participation in Money Management Radio and Money Matters. 
If you like what you hear on Money Matters, check out what else is happening
on your community radio station, KVMR, on Facebook.com. You'll be kept up to
date on special programming, events, discussion opportunities, and lots
more. Go to Facebook and type KVMR in the search bar. You can become a fan
of MONEY MATTERS on Facebook by going to:
<http://www.facebook.com/profile.php?ref=name&id=1602502823#/pages/Money>
<http://www.facebook.com/profile.php?ref=name&id=1602502823#/pages/Money>
<http://www.facebook.com/profile.php?ref=name&id=1602502823#/pages/Money>
http://www.facebook.com/profile.php?ref=name
<http://www.facebook.com/profile.php?ref=name&id=1602502823#/pages/Money>
&id=1602502823#/pages/Money 
Produced and Hosted by Marc Cuniberti 
Web Site: http://www.moneymanagementradio.com 

Money Management Radio and Money Matters is the sole property of Marc
Cuniberti and all rights are reserved.
"Money Matters" and "Your Money Matters" is aired throughout Northern
California and the State Capitol. 
Marc and Money Matters has been featured on NBC and ABC television and on
various news programs and documentaries.
Northern California's # 1 "alternative" economic show.
"Know the Truth and the Truth Shall Set You Free" John 8:32
Carried on bandwidths: 89.5 105.1 95.1 103.7 90.1 91.9 FM Radios throughout
Northern California and the State Capitol.
Worldwide on the web at KVMR, <http://WWW.KVMR.ORG>  KZFR <http://kzfr.org/>
, KQNY <http://www.kqny.org> , KFOK <http://KFOK.org>  FM RADIO and
affiliated stations. 
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. 

Unsubscribe
<http://moneymanagementradio.com/newsletter/confirm/remove/8b23f23f490t2>
from this newsletter
- - - This is a test version of the newsletter. - - - 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.jtan.com/pipermail/money-matters-l/attachments/20110726/e011f3e5/attachment-0001.html 