[Money-matters] FW: [Money Matters Newsletter] Cyprus Freezes Bank Accounts, plans to steal 10% of savings accounts from the people. Money Matters airs Thursday. Update 3 19 2
Marc Cuniberti
bayareaprocess at att.net
Tue Mar 19 18:49:03 UTC 2013
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From: Money Management Radio [mailto:news at moneymanagementradio.com]
Sent: Tuesday, March 19, 2013 11:47 AM
To: "marc"
Subject: [Money Matters Newsletter] Cyprus Freezes Bank Accounts, plans to
steal 10% of savings accounts from the people. Money Matters airs Thursday.
Update 3 19 2
<http://moneymanagementradio.com/files/moneymn/shell/simplenews_header-660.j
pg>
Cyprus Freezes Bank Accounts, plans to steal 10% of savings accounts from
the people. Money Matters airs Thursday. Update 3 19 2
Marc's notes:
Let's take care of business first.
Money Matters airs this Thursday at noon, March 21st, NOON PST and is
entitled:
"Sell Bonds, Buy Equities" and will cover the latest strategy in light of
the most recent market and government actions.
BFI Wealth Management is our Swiss connection and is hosting an investment
conference. I have been to one and it's great. Offshore is definitely an
option you should consider, especially in light of the recent move in Cyprus
to take 10% of their citizens bank accounts by force to pay government debt.
(See below to read more of this shocking news).
Here is the info on the BFI Wealth Management seminar.
BFI's Mountain Vision is preparing for our upcoming BFI Inner Circle
Briefings, taking place in Miami, Florida, on Monday, April 8th, and Boston,
MA, on Thursday, April 11th.
Just as with our "West Coast" set of Briefings last fall, these afternoon
Briefings will provide attendees with a hands-on opportunity to prepare them
and their wealth to face the continuing uncertainty brought about by Obama's
second term, continuing loose monetary policy, and a US that no longer looks
like the one many of us grew up with. We certainly can't believe that the
up-beat markets will remain this way!
For an invitation and registration form for the Briefings, please go to the
following link:
http://www.bfiwealth.com/index.php?id=148
Tell them you are a Money Matters listener for special treatment!
There is a FREE new show on the website www.moneymanagementradio.com
<http://www.moneymanagementradio.com/> . It is show # 159 and is my
conversation with Julian Phillips about moving money offshore and owning
gold. Take a listen and share the link with your friends. It's a free one
hour show!
http://moneymanagementradio.com/freeshow
No word on any upcoming classes though but email me if interested!
Markets:
Wow, what a week for announcements. The latest news is scary. Very scary.
The small European nation Cyprus needs a bailout. The European monetary
authorities are asking for a payment from Cyprus before giving them more
loans. To get the bailout, Cyprus has closed the banks and is looking to
steal up to 9.9% of all their citizens' bank accounts in savings accounts.
Like I said, when governments need money they will resort to anything to get
it, including outright theft from its citizens.
I find this outrageous but not unexpected. I keep telling people this sort
of thing is coming yet all I hear is it can't happen here.
That's BS. Just look at the photos of Cyprus citizens in ATM lines (which
are empty).
<http://moneymanagementradio.com/files/moneymn/editor/excavator%20cyrpus_0.j
pg>
They look just like YOU! The vote has not been ratified but is expected to
pass. With the banks closed, the people can do nothing about it. We will
know on Thursday if 10 % of their money went poof.
Governments overspend and over promise and people think they themselves will
never have to pay. Now the citizens of Cyprus find out (as you will) nothing
is free. Now they will pay for the overspending as you will eventually.
Either through higher prices (inflation) brought about my money printing
bailouts (such as our central bank is doing in all this QE you keep hearing
about) or outright theft such as in the case of Cyprus.
This news has rocked the world and although the markets are fairly calm, I
am warning this is BIG NEWS and much will come of it soon. You KNOW people
are taking money out of banks all over the world, maybe not in mass YET but
you know the thought is there. I anticipate a bank balance sheet crisis
will arise soon as the coffers of banks everywhere start to reflect a cash
drain.
T here are thousands if not hundreds of thousands of people allover the
world who are wondering if their money is safe in the bank, and SOME of
those people are acting on it and withdrawing their money. I don't know how
big this will get but I suspect it has the potential to rock the system more
then they would lead you to believe.
As important, over half deposits in Cyprus are from Russia~ Russia will not
take this lying down. Watch for ramifications. They could withhold oil,
natural gas or do something even more drastic. Watch for Russian retaliation
soon. Watch for bank stress soon. Watch for protests soon.
We will keep watching and you should be planning on at least getting some of
your money under YOUR control and out of the banking system.
That means keep tuned to Money Matters and get some gold, silver and money
offshore. Take many steps to protect yourself JUST IN CASE.
For now the Feds here keep up the printing and inflation is sneaking up on
us. The economy is flat and unemployment is not getting much better. New
bubbles in housing, bonds, stocks and US debt are forming. These are all a
result of massive money printing by central banks everywhere. Fed Chief Ben
Bernanke meets this week and will reaffirm he will press on with printing 85
billion or so a month claiming the economy is still not able to stand on its
own 2 feet. (He won't actually use those terms but you get the picture).
As I have been saying, they will NEVER stop printing as they cannot. The
real estate market would collapse, the stock market would collapse, and the
bond market would collapse. The "Crack Up Boom" approaches in full force
now. (See link)
http://blog.milesfranklin.com/do-you-know-what-a-crack-up-boom-is-you-should
Holdings
Gamblers plays short yen YCS in way up. Do not buy here but set stops to
protect profits.
Interest rate plays like SJB and TBT are slowly moving but patience is
needed here.
Apple; Just took off after my Union article on news it may increase its
dividend.
Natural Gas: Looks to have bottomed finally after 2 years of loses. Ok to
add some here. I like NDRO for a dividend payer.
Super Dividend Payers on my list (see link below) are doing great. Hold and
add and listen to this weeks show on Thursday.
https://moneymanagementradio.com/cart/super_dividend
Always add gold and silver and get money offshore in a Swiss Annuity or 2.
Email me for a book.
Have high net worth?
Consider more complex offshore instruments. Email me.
Want to consult with me? Email me.
All for now,
Stay frosty.
Marc
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