[Money-matters] FW: [Money Matters Newsletter] Euro Problems Persist. A New Housing Program in the Works. Money Update October 17, 2011

Wed Oct 19 03:22:28 UTC 2011

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From: Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios
[mailto:bayareaprocess at att.net] 
Sent: Tuesday, October 18, 2011 8:19 PM
To: 'Marc Cuniberti/Bay Area Process/KVMR FM/KFOK FM Radios'
Subject: FW: [Money Matters Newsletter] Euro Problems Persist. A New Housing
Program in the Works. Money Update October 17, 2011

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From: Money Management Radio [mailto:marc at moneymanagementradio.com] 
Sent: Tuesday, October 18, 2011 8:08 PM
To: bayareaprocess at att.net
Subject: [Money Matters Newsletter] Euro Problems Persist. A New Housing
Program in the Works. Money Update October 17, 2011

<http://moneymanagementradio.com/files/moneymn/shell/simplenews_header-720.j
pg> 

Euro Problems Persist. A New Housing Program in the Works. Money Update
October 17, 2011

Marc's Notes:
Well I can't say the markets are boring but neither are they stellar. Up one
day, down the next.
Lots of news to report:
The new housing bailout I have been talking about has not hatched yet but is
rumored to be coming. This one (lets see, how many does this make?) is said
to forgive your mortgage by some amount if you are underwater but current on
your payments. 
So lets see. If you were careful and didn't buy a house in the bubble and
were smart, you get no help. If you got sucked in and didn't do your
homework, you get help. 
Same old deal. 
Frugal ones bail out the people who made the bad bet.
Listen, I have sympathy for those that got sucked into ultra low interest
rates in the bubble years set by your Federal Reserve, and listened to those
friends and real estate experts that said housing always goes up, but
honestly, if these people would have made money on all those houses, would
they have given those profits back to the public coffers they now plan to
drain? 
Of course not. 
They would have kept those profits and gone on vacation.
But now the frugal ones that didn't get caught up in the mania will pay
their mortgages down while  getting no help for us. Not only do THEY get
help, we don't get ANY!
That's a double whammy!
But unfair is the name of the game now promoted by Washington. Banks get tax
money for their bad bets and homeowners get tens of thousands in mortgage
reduction for free. Like a check in the bank it is!
Banks will write down the reductions but the government will backstop the
monies with public funds. 
Disgraceful.
Meanwhile Euro problems persist while the EURO Central bank and the IMF talk
even more billions, maybe even trillions to bail out the EURO banks. 
Here we go again. 
US Taxpayer money will be used to backstop Greece and they will make a HUGE
fund to backstop the other PIIGS nations which are lining up at the trough. 
A whole handful of countries overspent and now need bailouts.
>From homeowners to banks to entire financial systems and now to entire
countries.
The disease spreads to the head. 
How much higher can the desease go? 
Not much.
We wait and see if they can conjure up another illusion to stave off the
inevitable.
Greece will default (Money Matters Show # 125). The bail out only buys some
time to get the EURO banks in order to weather the fall out. This does have
the possibility of a global meltdown sequel if things escalate. 
Realize a Greek bailout is a bank bailout as only the banks and bondholders
who own Greek debt will suffer on a default. Depositors like you and I won't
suffer as these deposits are usually insured. 
But they wont let bank stock holders and bond holders take the loss, hence
the bailout. Disgraceful.
Its no wonder Occupy Wall Street is sporting big rallies. People are fed up
and I don't blame them. But its not the so called "rich' that are screwing
you, it's the central banks and the private banks! 
Look no farther then the FEDERAL RESERVE for the culprit.
They are OWNED by all these private banks so confirmed by Federal Reserve
Economist Gary Zimmerman at the Economic Council Conference I attended last
week. (See my UNION article yesterday). Link here:
http://www.theunion.com/article/20111017/FEATURES/111019775
<http://www.theunion.com/article/20111017/FEATURES/111019775&parentprofile=s
earch> &parentprofile=search
By the way, if you like the UNION articles please tell them so!  We need to
spread the news! Link here to email the editor: 
Link here:  http://www.theunion.com/section/contactus
As for us, we hold all positions and add physical gold and silver always if
not up to snuff on your holdings (See Dream Portfolio)
Link here: https://moneymanagementradio.com/cart/dream_
Dividend Payers List and the Dream Portfolio were updated in the last few
weeks.
For now, expect another "announcement" from the FEDS on a housing bailout,
another round of QE 3 (money printing), some HUGE EURO bail out fund, and
any of these could rally the markets. A EURO problem however could blow the
entire mess into the sky causing fall out everywhere. Markets are so
bi-polar and unpredictable I recommend adding no new positions in any stocks
except maybe small amounts of only the largest dividend payers on the Super
Dividend Payers list. (See the first 12 stock or so.) They will be companies
with household names you recognize.
The Swiss Franc seems to have stabilized around 110 as well as the Loonie in
the high 90's and the Aussie dollar around 100 and change. Any stock market
crash however will send the Aussie and the Loonie lower.
I am looking now into Swiss Annuities in the Swedish Kroner since the Swiss
Franc is not offered at this time. 
I also recommend looking into a hard currency fund like Merk for another
diversification. I will add a link on the one I am looking at shortly.
Show this Thursday at noon, PST on KVMR entitled "Rollover".
Markets are covered and rolling debt in Greece and beyond.Now for the
TURKEYS!  Please help me help others. 
Turkey Matters, our "match your funds" food program is now ON! 
I will match your funds for the Nevada County Food banks to buy Turkeys for
the needy. Send all checks to:
Marc Cuniberti
PMB 101  (MUST SAY PMB, not post office box) 
578 Sutton Way, Grass Valley, Ca  95945. 
Make the check out to the food bank of your choice, either the Interfaith
Food Ministries or the Nevada County Food Bank. I will double your check
with my own money.
Let's help feed the needy with Turkey this Thanksgiving! Your dinner will
never be better knowing you helped feed literally thousands as we did last
year. Send in your check now.
Last year we bought over 700 turkeys. That's probably feeding close to 2000
people!
All for now,
Marc
And for fun, think the EURO bank has the Greek problem under control? Then
why are the interest rates on Greek bonds SKYROCKETING!

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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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