[Money-matters] FW: [Money Matters Newsletter] Greece Default Looms. Show today at noon. Update June 16, 2011

Thu Jun 16 14:46:25 UTC 2011

  _____  

From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Thursday, June 16, 2011 7:43 AM
To: pref list
Subject: [Money Matters Newsletter] Greece Default Looms. Show today at
noon. Update June 16, 2011

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

Money Matters Newsletter: Greece Default Looms. Show today at noon. Update
June 16, 2011

Marc's Notes: 
We told you that "it wont be enough" when they started this whole bail out
thing as bailouts assume there is a liquidity crisis. (Not enough cash in
the system). The issue was some of that but more so it was a solvency
crisis. There was too much debt! Liquidity is cash shortage- Solvency is
debt overage. They are different. 

Greece is back for more money as the money given to them last year is now
spent. Because they spend more then they take in, you can give them all the
money you want but eventually they will need more and that is exactly what
is happening. 

The other nations that don't have this problem don't want to pay for
Greece's over spending naturally so they have a stalemate. Greek citizens
are protesting because the government wants to reign in spending but the
citizens will have none of that. They want their checks, come hell or high
water. They, like most people, don't give a hoot nor understand the
government will go bankrupt. They just want their money. So now they are
talking about a default by restructuring the debt. (Changing terms of the
deal like lowering the interest or due date). 

No matter what you call it, it's a default pure and simple. That does not go
over well in debt circles and now debt on many nations in Europe who are in
similar trouble is going bad and no one wants to loan money to anyone.
Existing debt IOU's which trade daily are also skyrocketing in yield. In
order to sell Euro nation bonds, you have to pay very high interest rates to
get someone to take them off your hands. Ireland is now in trouble as their
IOU's are rising as well as Spain, Portugal, Italy and others. 

Debt is Debt and there's just too  much of it. Overspending politicians
worldwide are the same. Promise what they can't afford to stay elected. 

I will have more on all of this and the markets and what you should do today
at 12:00 PM PST on Money Matters on KVMR FM 89.5 or 105.1 in Tahoe and
worldwide on www.KVMR.ORG <http://www.kvmr.org/> .   

Also follow me periodically throughout the day on TWITTER under my name. 

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&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. 

-- Footer will be appended here
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.jtan.com/pipermail/money-matters-l/attachments/20110616/faf33a2e/attachment-0001.html 