[Money-matters] FW: [Money Matters Newsletter] Money Matters Update! Read for the latest in Market News! May 12, 2012

[Marc Cuniberti]

  _____  

From: Money Management Radio [mailto:news at moneymanagementradio.com] 
Sent: Saturday, May 12, 2012 1:00 PM
To: bayareaprocess at att.net
Subject: [Money Matters Newsletter] Money Matters Update! Read for the
latest in Market News! May 12, 2012

 


 
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Money Matters Update! Read for the latest in Market News! May 12, 2012


Marc's Notes:
My apologies for not putting out an update in a while. I have been busy with
kids, pre-summer planning and all the things that make working fathers go
crazy.

First our Half Off Money Class WAS scheduled for May 28th but we overlooked
that it was a holiday! We will set a new date shortly and email you. Sorry
for the brain mis-fire!

There are still a few seats available at this one time HALF OFF class, Class
ONE of Money is a great way to learn about:

Safe money tactics, Gold, Real Estate, what to buy, what to avoid, how to
manage your money in 2 hours a year, my "auto pilot" program enabling even
novices to keep your money under YOUR control, who to avoid, about stocks,
bonds and everything you will need to finally understand your finances! It's
now important as EVER!

If you can't make the new date we decide on, you can attend another, OR we
can send your check back. We don't cash any checks until class day!

$99.00 only and I include the DREAM PORTFOLIO list for FREE! We also feed
you lunch and drink. ! Takes about 3 hours. 

Send in your check with EMAIL ADDRESS TO:

Bay Area Process Inc.

PMB 101, 578 Sutton Way, Grass Valley, CA 95945.

 

Spring membership drive coming on KVMR last week of this month with a 2 hour
show.

Noon to 2:00 pm. Mark your calendars.

Have you taken a Money Class? I cut the fee in half for meeting with me (you
save over $250.00) by taking a $99.00 class first!

Email me to set up a meeting OR send in your check for the class. A great
deal!

New Dividend List on the site Tuesday! New Dream Portfolio as well! New
CONSERVATIVE PORTFOLIO now posted too!  Yearly subscribers, they are all
free as usual!

New offer! Sign up for 2 years of membership and get the 3rd year FREE! See
the site now!

Note: I am looking for a qualified electrician to give me a bid on wiring in
a 7KW generator and panel. Send me an email if you have done this more then
once! I am having a hard time getting prices unbelievably! You must be
licensed bonded electrician familiar with all aspects of mounting, wiring,
testing and completing a fully functional back up automatic generator. I can
also swap consulting time if you like.

 

Markets:
Real estate figures were slightly up but that changes nothing in my mind.
The rock and hard place is logical. With interest rates at historic lows and
lax lending standards (no money down still!) home sales are as bad as they
have ever been. If the economy picks up, interest rates will rise, squashing
home sales. Federal Government home mortgage companies like Fannie, Freddie
and the FHA are bleeding red ink and are now talking about raising
standards. For now the public is on the hook for these lax lending
standards, the SAME lax standards that CAUSED the problem! A REPEAT of the
policies that caused the bubble as they try (incredibly) to RE-INFLATE the
bubble! How crazy is that?

In any case, any pick up in the economy will result in rising interest rates
and that will squash real estate.

A box with no outlet. Making matters worse, home prices are still falling in
many areas which will push more homeowners into negative equity. Just out in
a recent study, almost half of the reworked mortgages are in DEFAULT again!
Goes to show you cannot re-inflate an asset glut. Housing will not recover
any meaningful amount for years despite what you read or are told.

On the economy, recent stats show a faltering business climate with orders
plunging. Shipping rates are at historic lows detailing that goods are not
moving. Unemployment stubbornly remains very high and without new stimulus,
any pick up is hopeless. The reason:  "stimulus" is borrowed money. Borrowed
money does not make for a lasting recovery. Only by making things and
selling things do you accomplish that.

You would think after 5 years of trying "stimulus" with little lasting
success, they would try something else. With deficits now through the roof,
there is an end point to the spending, but with an election season coming,
they will certainly try and "create" more jobs with more borrowing.

A futile excersise. The result of all this madness will be inflation.
Prepare your finances accordingly! Euro problems make for a rerun of the
crisis soon. The bailouts over there in Euro land are not working much like
they didn't work here. They keep trying the same thing.

All the Central banks can do is print money, and when all you have is a
hammer, everything looks like a nail. Watch for MORE bailouts in the Euro
banking circles, a plunging Euro, severe banking stress everywhere and in
the midst of this, more talk about creating jobs here. I hate to tell you
but its more folly and when the stuff does hit the fan, you will see a
SEVERE financial storm take shape.

Prepare your finances.

Positions:

Add gold and silver always, have savings accounts and US Treasuries, hold
foreign currencies and move money OFFSHORE!

Get some I BONDS and accumulate only the strongest of dividend paying
stocks. Dump those go nowhere mutual funds and own very little bonds except
the ones I mention in my material and portfolios.

Items of interest:
Apple pulled back after my APPLE show as indicated right on time. Apple will
generally follow the market and I wouldn't be surprised to see it go lower
and possibly into the 400's.

Terra Nitrogen is falling fast and its chart looks like a typical bubble
pop.

Stocks in general are falling and its now depends on the Euro problems, our
unemployment and when Bernanke (Federal Reserve) initiates another
"program".

It's coming; it is just a matter of time.

FACTOID: More people then EVER are on public assistance with more then half
Americans paying no Federal Income tax. The wagon fills as less people pull.
This path will result in the continuing destruction of our middle class, our
basic rights and our economy.

There is no will in Washington to change from this ruinous course. Their
solution is always the same. Give out more money and print what you give
out. We are definitely going in the exact opposite of where we need to go.

What we HAVE to do is:

Reduce the size of government, CUT benefits across the board, encourage
people to work, stop printing and borrowing, streamline factory applications
and start making stuff, oust any who speak of adding more programs or
installing more government oversight, drastically cut taxes and regulation,
privatize most governments institutions, eliminate the lobby sector
entirely, establish a 3rd party platform and establish a "pay as you go"
government with no more borrowing and no more printing. Eliminate or
overhaul the Federal Reserve System and incur a tremendous amount of
economic misery to accomplish all of it. People will starve, go homeless and
worse, and for years. But hence the payment for our foolishness for the last
handful of decades. It won't be pretty by any stretch but the mistakes are
already made so the payment and cure will be terribly hard to endure, but
putting it off may result in almost a complete destruction of the system you
see now. I know many don't believe it could come to such an environment, but
you just wait. "you aint seen nuthin' yet".

In conclusion, all eyes on the Euro, Iran, unemployment and Bernanke. Look
for nasty political battles and talk of creating jobs. Inflation is bad and
getting worse and it will get a LOT worse soon. When you see the next
"program", yes, stocks will run in a warning that BAD inflation is soon to
follow, but that resulting inflation will offset a stock market climax. The
"crack up" boom will be upon us. (Link here:
http://dailyreckoning.com/the-worldwide-crack-up-boom/)

All for now, now come to class and protect your money, your future and your
family!
Marc

Now for the "bailout" forced diet: Read and lose your lunch, all paid for
with your tax dollars or newly created greenbacks which will ultimatly cause
massive inflation. 

 


TROUBLED ASSET RELIEF (TARP) BAILOUT PROGRAMS

FUNDS DISBURSED*
(IN BILLIONS)

MAXIMUM AT-RISK*
(IN BILLIONS)

OUTSTANDING*
(IN BILLIONS)


*See Glossary at the bottom of this page
<http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost#G
lossary>  for definitions of "disbursed," etc.


[hide]Liquidity Loans for Banks and Financial Co.s


Capital Purchase Program
<http://www.sourcewatch.org/index.php?title=Capital_Purchase_Program>
(Treasury)

$204.9

$218.0

$21.7


Capital Assistance Program
<http://www.sourcewatch.org/index.php?title=Capital_Assistance_Program>
(Treasury)

$0

$0

$0


Systemically
<http://www.sourcewatch.org/index.php?title=Systemically_Significant_Failing
_Institutions_Program>  Significant Failing Institutions Program (AIG)
(Treasury)

$67.8

$69.8

$53.1


Targeted Investment Program
<http://www.sourcewatch.org/index.php?title=Targeted_Investment_Program>
(Treasury)

$40.0

$40.0

$0

 


[hide]Toxic Asset Purchases


Term
<http://www.sourcewatch.org/index.php?title=Term_Asset-Backed_Securities_Loa
n_Facility_(>  Asset-Backed Securities Loan Facility ("TALF") (Mostly
Federal Reserve, some Treasury)

$67.0

$1,080.0

$12.9


Public-Private
<http://www.sourcewatch.org/index.php?title=Public-Private_Investment_Progra
m:_Legacy_Securities_Program>  Investment Program: Legacy Securities Program
(Treasury)

$17.0

$1,000.0

$15.9


Public-Private
<http://www.sourcewatch.org/index.php?title=Public-Private_Investment_Progra
m:_Legacy_Loans_Program>  Investment Program: Legacy Loans Program (FDIC)

$0.728

n/a

$0.728

 


[hide]Investor Loss Guarantees


Asset Guarantee Program
<http://www.sourcewatch.org/index.php?title=Asset_Guarantee_Program>
(Treasury, FDIC & Federal Reserve)

$0

$332.5

$0

 


[hide]Paying Banks to Loan Money to Small Business


Unlocking Credit for Small
<http://www.sourcewatch.org/index.php?title=Unlocking_Credit_for_Small_Busin
esses>  Businesses (Treasury)

$0.4

$15.0

$0.2


Community Development
<http://www.sourcewatch.org/index.php?title=Community_Development_Capital_In
itiative>  Capital Initiative (Treasury)

$0.6

$0.8

$0.6

 


[hide]Support for Housing Market


Home Affordable Modification
<http://www.sourcewatch.org/index.php?title=Home_Affordable_Modification_Pro
gram>  Program (Treasury)

$2.0

$45.6

$2.0

 


NON-TARP BAILOUT PROGRAMS

FUNDS DISBURSED*

MAXIMUM AT-RISK*

OUTSTANDING*


*See Glossary at the bottom of this page
<http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost#G
lossary>  for definitions of "disbursed," etc.


[hide]Support for Housing Market (Government Supported Enterprises, Fannie
Mae and Freddy Mac, and Federal Housing Administration)


GSE stock purchase
<http://www.sourcewatch.org/index.php?title=GSE_stock_purchase>  (Treasury)

$164.4

Unlimited[1]
<http://www.sourcewatch.org/index.php?title=Total_Wall_Street_Bailout_Cost#c
ite_note-0> 

$164.4


GSE direct obligation program
<http://www.sourcewatch.org/index.php?title=GSE_direct_obligation_program>
(Federal Reserve)

$169.0

$200.0

$116.7


GSE
<http://www.sourcewatch.org/index.php?title=GSE_Mortgage-Backed_Securities_P
urchase_Program>  Mortgage-Backed Securities Purchase Program (Treasury)

$220.0

$314.0

$101.0


GSE credit facility program
<http://www.sourcewatch.org/index.php?title=GSE_credit_facility_program>
(Treasury)

$0

$25.0

$0


Fed mortgage-backed
<http://www.sourcewatch.org/index.php?title=Fed_mortgage-backed_securities_p
urchases>  securities purchases (Federal Reserve)

$1,128

$1,250.0

$911.9


Federal Housing Administration
<http://www.sourcewatch.org/index.php?title=Federal_Housing_Administration> 

$0

$352.08

$0

 


[hide]Liquidity Loans to Banks and Financial Co.s


Direct loans to Bear
<http://www.sourcewatch.org/index.php?title=Direct_loans_to_Bear_Stearns_via
_JPMC>  Stearns via JPMC (Federal Reserve)

$12.9

$12.9

$0


Lehman Brothers
<http://www.sourcewatch.org/index.php?title=Lehman_Brothers_>  "wind-down"
loan (Federal Reserve)

$138.0

$138.0

$0


AIG loans and investments
<http://www.sourcewatch.org/index.php?title=AIG_loans_and_investments>
(Federal Reserve)

$89.5

$122.5

$0


Term
<http://www.sourcewatch.org/index.php?title=Term_Securities_Lending_Facility
_(>  Securities Lending Facility ("TSLF") and Term Securities Lending
Facility Options Program ("TOP") ( Federal Reserve)

$233.6

$250.0

$0


Primary Dealer Credit
<http://www.sourcewatch.org/index.php?title=Primary_Dealer_Credit_Facility_(
FRBNY)>  Facility (Federal Reserve)

$147.7

$147.7

$0


Asset-Backed
<http://www.sourcewatch.org/index.php?title=Asset-Backed_Commercial_Paper_Mo
ney_Market_Fund_(ABCP_MMMF)_Liquidity_Facility_(>  Commercial Paper Money
Market Fund Liquidity Facility ("AMLF") (Federal Reserve)

$145.9

at least $145.9

$0


Term Auction Facility
<http://www.sourcewatch.org/index.php?title=Term_Auction_Facility_(>
(Federal Reserve)

$493.1

$900.0

$0


Commercial Paper
<http://www.sourcewatch.org/index.php?title=Commercial_Paper_Funding_Facilit
y_(FRBNY)>  Funding Facility (Federal Reserve)

$349.9

$1,800

$0


Money Market
<http://www.sourcewatch.org/index.php?title=Money_Market_Investor_Funding_Fa
cility_(Fed)>  Investor Funding Facility (Federal Reserve)

$0

$600.0

$0


Expansion
<http://www.sourcewatch.org/index.php?title=Expansion_of_System_Open_Market_
Account_(SOMA)_securities_lending_(FRBNY)>  of System Open Market Account
(SOMA) securities lending (Federal Reserve)

N/A

$36.0

N/A


Primary
<http://www.sourcewatch.org/index.php?title=Primary_Credit_Program_(the_>
Credit Program (Federal Reserve)

$111.9

$111.9

$0.02


Tri-Party Repurchase
<http://www.sourcewatch.org/index.php?title=Tri-Party_Repurchase_Agreements_
(Fed)>  Agreements (Federal Reserve)

$124.6

$124.6

$0

 


[hide]Purchase of Toxic Assets


Maiden Lane I (Bear Stearns)
<http://www.sourcewatch.org/index.php?title=Maiden_Lane_I_(Bear_Stearns)>
(Federal Reserve)

$28.8

$28.8

$21.6


Maiden Lane II and III (AIG)
<http://www.sourcewatch.org/index.php?title=Maiden_Lane_II_and_III_(AIG)>
(Federal Reserve)

$43.8

$52.5

$19.8


Single-Tranche Repurchase
<http://www.sourcewatch.org/index.php?title=Single-Tranche_Repurchase_Agreem
ents>  Agreements (Federal Reserve)

$80.0

$80.0

$0

 


[hide]Investor Loss guarantees


Money Market Mutual Fund
<http://www.sourcewatch.org/index.php?title=Money_Market_Mutual_Fund_(Treasu
ry)>  (Treasury)

$0

$3,355.3

$0

 


[hide]Foreign Central Bank Liquidity


Foreign
<http://www.sourcewatch.org/index.php?title=Foreign_Central_Bank_Currency_Li
quidity_Swaps_(Federal_Reserve)>  Central Bank Currency Liquidity Swaps
(Federal Reserve)

$582.76

$755.0

$0


IMF Expansion
<http://www.sourcewatch.org/index.php?title=IMF_Expansion_(Treasury)>
(Treasury)

$100.0

$100.0

$100.0

 


AGENCY SUBTOTALS

TOTAL DISBURSED

TOTAL MAX. AT-RISK

TOTAL OUTSTANDING


Treasury

$816.1 billion

$5.79 trillion

$458.1 billion


FDIC

$0.7 billion

$10.0 billion

$0.7 billion


Federal Reserve

$3.95 trillion

$8.06 trillion

$1.08 trillion


GRAND TOTAL:

$4.76 TRILLION DISBURSED

$13.87 TRILLION MAX. AT-RISK

$1.54 TRILLION OUTSTANDING

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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