[Money-matters] FW: [Money Matters Newsletter] Europe Imploding. Greece to exit the Euro as foretold on Money Matters "Greece will default". Markets faltering! Update May 23,

Wed May 23 19:30:38 UTC 2012

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From: Money Management Radio [mailto:news at moneymanagementradio.com] 
Sent: Wednesday, May 23, 2012 12:29 PM
To PERF CLIENT 
Subject: [Money Matters Newsletter] Europe Imploding. Greece to exit the
Euro as foretold on Money Matters "Greece will default". Markets faltering!
Update May 23,

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

Europe Imploding. Greece to exit the Euro as foretold on Money Matters
"Greece will default". Markets faltering! Update May 23, 

Marc's Notes:

Hi kids, just back from vacation.

Our Half off Money Class is scheduled for June 22nd, 11:00 to 2.00 or so at
Lena's Pizza in Alta Sierra, right off highway 20. I feed you either pizza
or a salad with drink. Sign up now. If signed up, we will check you in at
the meeting and only then do we cash your check. Others send it per below.
Unable to attend? We will have another date or send you the check back. Keep
in mind, if we send you the check back, you will pay the full rate on the
next class.

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.11:oo am to 2:00 pm. Mark your calendars. June
22nd. Have you taken a Money Class? I cut the fee in half for meeting with
me (you save big money) by taking a $99.00 class first! Email me to set up a
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on the site now! 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!

On to the markets- Europe's problems never went away but you know that from
reading this newsletter. Now more bailouts are taking place and another 2007
crisis is unfolding due to the extreme debt problems in Euro land. I did a
show called "Greece will default" and it did, backing out on 55 % of what it
owed. I also said they would probably end up leaving the Euro as even a 55 %
haircut on current debt in no way addressees the total debt and they just
cant pay and no amount of reasonable rescue will save it. Now Spain, Italy,
France and a host of other nations take their place in line. Central banks
scramble to take funds from Joe Blow and rescue their banking masters but my
constant 5 year call of "It won't be enough" rings true.

The market is now in "Orange alert territory" as the great hole may be
opening again sucking in all things financial. Europe debt problems with a
possible Greece withdrawal from the Euro is opening up a giant pandora's
box. Europe is preparing for Greece's exit from the Euro. Investors are
pulling money out of European banks by the billions. A mass exodus of
capital is fleeing. Giant flows of money are heading into (once again) US
Treasuries. Our interest rates therefore are dropping again! (Those wishing
to refinance do so NOW!) I have included a contact for your refi's. Cory of
Pinnacle Mortgage did mine and was as good as they come. I'm a hard man to
deal with and he simply was fantastic. Honest, fast, little hassle and easy
to get a hold off, which is why I put him on my site. I only include the
best. Here is his number and email: cwisehart at pinnacle-mortgage.com  Phone:
(949) 208-7284. Tell him you are a Money Matters Listener.

Rates are as low as they have ever been! Don't wait.

Meanwhile the implosion fuse is lit and officials will try and downplay
Greece's exit but you are about to get a lesson in economics. Watch the
fireworks. Even those in control do not know how this will play out and they
will assure us everything is ok. (Sound familiar?).  The ramifications on
all the debt, the insurance written on the debt and massive derivatives
intertwined here and there and everywhere has all the makings of a potential
nuclear financial blast that could be much worse then the Lehman Brothers
blow up that started the 2007 crisis. No one can tell you what will happen
but I can assure you it won't be a walk in the park on a nice sunny day. It
will be a severe event for Greece and probably for us as well. I can
guarantee you more bank bailouts are now baked into the cake and on the
order of billions if not TRILLIONS. As for money already spent by central
banks everywhere, its gone down the rat hole like we warned. All those
billions used to bailout Greece twice and their banks multiple times were
wasted.

As far as Money Matters listeners, cash is still king. Our safe money funds
SHY, SHV, TIP and VIPSX are safe and actually some are rising! TBT our
interest rate insurance fund is still falling and has been brutal but we
must hold it for insurance. As previously indicated, keep most of your money
in cash with only the strongest dividend payers. Gold is reeling but in a
world awash in paper dollars it's only a matter of time until the only real
money rises. You must have some and physical with gold funds and stocks
added in small doses over time. I use UNWPX  USERX  TGLDX and GGN. Some of
these have been beaten up but 2 of them paid nice dividends every year (10 %
or more) we have held them so you have to add those to what the price is
now. I continue to add all of these over time. Foreign currencies are now
falling as Euro money flees to US dollars strengthening it and weakening
their counter parts. No concern. We hold them for insurance against a
falling US dollar and right now it is rising. We recommended a variety of
currency funds and nothing has changed. See our previous news letters or the
Dream Portfolio for lists. Natural gas continues to languish and is a
painful holding. Adding NDRO that pays a nice dividend is a way to play this
beat up asset. Our worst recommendation by far is Nat Gas but someday we
will be vindicated. You should not hold a lot of any gamblers play anyway.
There is blood in the street in Nat Gas and that's when you buy. Other
mentions in previous newsletters are GLNG, ERF and a variety of dividend
payers on the Super Dividend Payers List that address energy. Oil is also
plummeting again as is all things financial. Contrary fund holders like SDS,
or BEARX or others are now seeing those funds rise once again. Holding a
small amount of these is prudent right now and you might consider adding a
"short" fund. (but NOT BEARX- it now has a fee), Use DOG for a one to one
bet on a FALLING MARKET.

Right now you can be sure the powers at be are on FULL DAMAGE CONTROL with
fingers in all markets to try and prevent a panic.

Watch for the:
Be Calm Spin. No Big Deal Spin, Another US Federal Reserve Twist Program
and/or QE program, More Euro bank bailouts, A new round of US bank problems,
more Fed Job talk and volatile markets. Beware. Hold cash and be sparse with
new stock positions. A market bounce may be coming albeit temporary.

A note on Swiss Annuities. I am aware some are cashing out their annuities.
This baffles me unless money is needed for some emergency. As mentioned,
these are overseas and are insurance. Now that they are no longer being
offered, only existing ones are grandfathered in. Why anyone would cash one
out knowing you cant get back in is beyond me. They pay interest and
dividends and are the only money many hold offshore. I can't tell you what
to do but that last thing I would do is cash one in. They are more important
then ever and if you hold one, you are one of the lucky ones. You can still
move money offshore but it is more difficult. Email me with inquiries. You
can also still open a Canadian Bank account by going there and this I
recommend and I will be going there this summer to do just that.

All for now but be careful. Markets look dangerous and the Euro problem is
like watching a slow motion train wreck. Greece's exit will rattle markets
and banks everywhere. Greece's new currency will plummet and hyperinflation
is most likely in store for Greece when they issue it. By no means does
their exit solve their problems. They will explode in their faces soon
thereafter

Drachmas anyone?

Marc

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