Investor Sounds Alarm on Hyperinflation By Bob Livingston • Jun 15th, 2009 • Category: Asset and Wealth Protection, Bob Livingston, Personal Liberty Articles, Preserving Wealth, Wealth
The headline from the Bloomberg News internet site Bloomberg.com said it all, “U.S. Inflation to Approach Zimbabwe Level, Faber Says.” But although Bloomberg was running the story, the main stream media (MSM) didn’t touch it.
Faber is Marc Faber, who publishes the Gloom, Boom & Doom Report. He said in an interview with Bloomberg Television in Hong Kong, “I am 100 percent sure that the U.S. will go into hyperinflation. The problem with government debt growing so much is that when the time will come and the Fed should increase interest rates, they will be very reluctant to do so and so inflation will start to accelerate.”
Zimbabwe’s inflation rate reached 231 million percent in July, 2008, the last annual rate published by the statistics office.
To put that into perspective, inflation in the U.S. in 1979 reached a high of 13.5 percent. That was a 500 percent increase above the 70-year average 2.5 percent, and those who lived during that time remember it as an uncomfortable economic period.
We’ve been warning for a long time here and in The Bob Livingston Letter that Fed policies were sending us on a path toward inflationary destruction. And we’re not alone in this thinking. But the MSM and the boys and girls in government don’t want you to know about it.
Why? Because they don’t want you to know that for almost 100 years now they’ve been silently, stealthily stealing your wealth.
It started in 1910 when a group of powerful bankers met in secret at Jekyll Island, Ga., and created a monster, then pushed Congress to grow that monster—the Federal Reserve. Founded in 1913, the Fed is a non-Constitutional cartel of private bankers that has control over the U.S. monetary system.
Since then the Fed’s policies have caused a devaluation of the dollar that has stolen your money. Ever wonder why things cost so much more today than they did 40 or 50 years ago? It’s because your dollar is worth so much less.
For example, in 1933 the Consumer Price Index (CPI) (the price of a basket of common goods purchased by the average consumer) was 12.8. In 2008 the CPI was 225. In other words, that same basket of goods has increased from just under $13 to $225. That’s the result of your devalued dollar.
Here’s what noted economist Peter Schiff wrote in his book, Crash Proof, which predicted the financial meltdown, when he detailed why the government likes inflation:
Inflation makes the national debt more manageable because it can be repaid with cheaper dollars.
In a democracy full of personally indebted voters, the government will pursue monetary policies hospitable to debtors even as it accommodates the special interests that lend to them.
Inflation finances social programs that voters demand while allowing politicians to avoid the politically unpopular alternative of higher taxes, enabling Uncle Sam to play Santa Claus.
Inflationary spending is confused with economic growth, which is confused with economic health. (Of course, gross domestic product (GDP) numbers are theoretically adjusted for inflation but that doesn’t mean much if the inflation figures are misrepresented.)
Inflation causes nominal asset prices to rise, such as those of stocks and real estate, instilling in the minds of voters the illusion of wealth creation even as the real purchasing power of their assets falls.
Back to the Bloomberg story: Federal Reserve Bank of Philadelphia President Charles Plosser said that inflation may rise to 2.5 percent in 2011.
But the head of Asian economic forecasting at Action Economics in Singapore said he was confident that the Fed would be able to contain inflation at 2 percent or less.
Meanwhile, the Fed, Keynesian economists and MSM ignore history. They ignore Zimbabwe, which got into its mess by printing money to pay down its debt. They ignore 1970s America. And they ignore Weimar Germany in 1918-1923, where hyperinflation caused 30,000 percent inflation and led to the collapse of their civilization and the rise of Adolf Hitler.
The government boys and girls don’t want you to understand inflation, and the MSM is not going to report it until it can’t be ignored. Meantime, you ignore it at your own peril.
What can you do? First, call your Congressman and Senators and urge them to get behind H.R.1207, which calls for an audit of the Federal Reserve.
Second, buy and hold gold and silver. Because when hyperinflation comes, precious metal is the only thing that will stand between you and financial hardship.
TO ACCUMULATE SILVER COINS FOR FREE JOIN THIS PROGRAM:
http://silversnowball.com/1263
Wednesday, June 17, 2009
Friday, March 20, 2009
Is This the End of America?
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Terence Corcoran: Is this the end of America?
Posted: March 19, 2009, 7:38 PM by NP Editor
Terence Corcoran, Ben Bernanke, inflation
U.S. law-making is riddled with slapdash, incompetence and gamesmanship
By Terence Corcoran
Helicopter Ben Bernanke’s Federal Reserve is dropping trillions of fresh paper dollars on the world economy, the President of the United States is cracking jokes on late night comedy shows, his energy minister is threatening a trade war over carbon emissions, his treasury secretary is dithering over a banking reform program amid rising concerns over his competence and a monumentally dysfunctional U.S. Congress is launching another public jihad against corporations and bankers.
As an aghast world — from China to Chicago and Chihuahua — watches, the circus-like U.S. political system seems to be declining into near chaos. Through it all, stock and financial markets are paralyzed. The more the policy regime does, the worse the outlook gets. The multi-ringed spectacle raises a disturbing question in many minds: Is this the end of America?
Today, March 20th, Regulators siezed control of the two largest wholesale credit unions in the U.S.
In Zimbabwe, businesses and sellers of goods will no longer take the phony worthless paper money and instead want to be paid in GOLD! Yes, GOLD! And you don't believe that our phone fiat system is going to break down and do the same? I keep warning about the need to accumulate Silver, Gold and even Platinum coins, bars, etc to protect yourself in the future. Join some or all of the following. Check out Silver Tornado first as it lists several different programs. I recommend to start with Silver Eagles 4 U and SilverSnowball to start:
1) SILVEREAGLES 4 U - You can join this at NO COST!
http://www.silvereagles4u.com/dewein.mv
2) SILVERSNOWBALL - You can accumulate coins through this by referrals -
http://silversnowball.coim/1263
3) SILVERTORNADO-
http://www.silvertornado.com/?dewein
Time is running out. Inflation is on its way. Silver will go to $50, $75,$100 and more and ounce and Gold to $1000, $1500, $2500 an ounce and more.
Main About Contact Editor Subscribe RSS
Terence Corcoran: Is this the end of America?
Posted: March 19, 2009, 7:38 PM by NP Editor
Terence Corcoran, Ben Bernanke, inflation
U.S. law-making is riddled with slapdash, incompetence and gamesmanship
By Terence Corcoran
Helicopter Ben Bernanke’s Federal Reserve is dropping trillions of fresh paper dollars on the world economy, the President of the United States is cracking jokes on late night comedy shows, his energy minister is threatening a trade war over carbon emissions, his treasury secretary is dithering over a banking reform program amid rising concerns over his competence and a monumentally dysfunctional U.S. Congress is launching another public jihad against corporations and bankers.
As an aghast world — from China to Chicago and Chihuahua — watches, the circus-like U.S. political system seems to be declining into near chaos. Through it all, stock and financial markets are paralyzed. The more the policy regime does, the worse the outlook gets. The multi-ringed spectacle raises a disturbing question in many minds: Is this the end of America?
Today, March 20th, Regulators siezed control of the two largest wholesale credit unions in the U.S.
In Zimbabwe, businesses and sellers of goods will no longer take the phony worthless paper money and instead want to be paid in GOLD! Yes, GOLD! And you don't believe that our phone fiat system is going to break down and do the same? I keep warning about the need to accumulate Silver, Gold and even Platinum coins, bars, etc to protect yourself in the future. Join some or all of the following. Check out Silver Tornado first as it lists several different programs. I recommend to start with Silver Eagles 4 U and SilverSnowball to start:
1) SILVEREAGLES 4 U - You can join this at NO COST!
http://www.silvereagles4u.com/dewein.mv
2) SILVERSNOWBALL - You can accumulate coins through this by referrals -
http://silversnowball.coim/1263
3) SILVERTORNADO-
http://www.silvertornado.com/?dewein
Time is running out. Inflation is on its way. Silver will go to $50, $75,$100 and more and ounce and Gold to $1000, $1500, $2500 an ounce and more.
Thursday, March 5, 2009
The Hijacking of America
The Hijacking of America Part II
By Greg McCoach | Tuesday, March 3rd, 2009
...continued from Part I
The latest so called "economic stimulus package" is nothing more and nothing less than creating money out of thin air.It absolutely guarantees hyperinflation within eighteen months time frame, possibly much less and gives us colossal opportunities to profit in non-dollar assets such as the precious metals.And what we were originally told about the stimulus package, is suddenly no longer the case.As always, what we the people were led to believe in the beginning as with the bailouts and now the economic stimulus is totally changed.The economic stimulus is mostly pork barrel spending and socialism on a grand scale with little in the way of infrastructure job creation which was how this was originally billed.It is very conceivable that the first year budget deficit of Obama's administration will exceed $3 trillion dollars. This is absolutely unsustainable by any definition you want to use.As Jim Sinclair recently said, "There is no longer any means of reversal of the final terminal phase of the downward spiral now solidly set in motion."It is coming whether you or I want it to or not. All you can do is take the positive approach and prepare for it, and profit from the debacle. The time to do so, however, is rapidly running out.The million dollar question remains, how much time do we really have before the system implodes? I wouldn't be surprised to see the next shoe drop at any moment as the "Obama Hope Rally" quickly fades into the next wave of financial panic. This next wave down is going to be a whopper because it will involve the popping of the commercial real estate bubble and its associated derivatives.Again, the powers that be don't want you to understand what these derivatives are and how they are affecting the financial system.The government/media complex keeps providing disinformation to prevent you from understanding the true nature of this derivative liability that exists worldwide.What the exact amount of this liability represents is not exactly known. But what we do know is that what we have seen thus far is only the tip of the iceberg.In these kinds of volatile environments, things can go from looking good to sheer panic at the drop of a hat.The Federal Reserve is working feverishly at the moment to avoid deflationary panic. But their only solution is to throw money—lots of money—at the problem.This in the end will only prove disastrous as hyperinflationary forces take over. The reason for this is because of the sheer number of new dollars that are being created and thrown into the system.The exact timing of when this hyperinflation will show up taking "Cash is King" to "Cash is Trash" will depend mostly on what is called the velocity of money as I have explained before.If the newly created money starts to change hands quickly as people begin to buy whatever they can of value before there money buys even less, then you can expect the hyperinflation to show up sooner than eighteen months, possibly much sooner.If, however, the velocity is slower and the newly created money does not change hands very quickly then we may get the full eighteen months before things really begin to unwind.
By Greg McCoach | Tuesday, March 3rd, 2009
...continued from Part I
The latest so called "economic stimulus package" is nothing more and nothing less than creating money out of thin air.It absolutely guarantees hyperinflation within eighteen months time frame, possibly much less and gives us colossal opportunities to profit in non-dollar assets such as the precious metals.And what we were originally told about the stimulus package, is suddenly no longer the case.As always, what we the people were led to believe in the beginning as with the bailouts and now the economic stimulus is totally changed.The economic stimulus is mostly pork barrel spending and socialism on a grand scale with little in the way of infrastructure job creation which was how this was originally billed.It is very conceivable that the first year budget deficit of Obama's administration will exceed $3 trillion dollars. This is absolutely unsustainable by any definition you want to use.As Jim Sinclair recently said, "There is no longer any means of reversal of the final terminal phase of the downward spiral now solidly set in motion."It is coming whether you or I want it to or not. All you can do is take the positive approach and prepare for it, and profit from the debacle. The time to do so, however, is rapidly running out.The million dollar question remains, how much time do we really have before the system implodes? I wouldn't be surprised to see the next shoe drop at any moment as the "Obama Hope Rally" quickly fades into the next wave of financial panic. This next wave down is going to be a whopper because it will involve the popping of the commercial real estate bubble and its associated derivatives.Again, the powers that be don't want you to understand what these derivatives are and how they are affecting the financial system.The government/media complex keeps providing disinformation to prevent you from understanding the true nature of this derivative liability that exists worldwide.What the exact amount of this liability represents is not exactly known. But what we do know is that what we have seen thus far is only the tip of the iceberg.In these kinds of volatile environments, things can go from looking good to sheer panic at the drop of a hat.The Federal Reserve is working feverishly at the moment to avoid deflationary panic. But their only solution is to throw money—lots of money—at the problem.This in the end will only prove disastrous as hyperinflationary forces take over. The reason for this is because of the sheer number of new dollars that are being created and thrown into the system.The exact timing of when this hyperinflation will show up taking "Cash is King" to "Cash is Trash" will depend mostly on what is called the velocity of money as I have explained before.If the newly created money starts to change hands quickly as people begin to buy whatever they can of value before there money buys even less, then you can expect the hyperinflation to show up sooner than eighteen months, possibly much sooner.If, however, the velocity is slower and the newly created money does not change hands very quickly then we may get the full eighteen months before things really begin to unwind.
Check out the following for more info on how to protect yourself:
Does your cell phone company send you a check for using their service every month? Mine does. For savings and an opportunity:
Thursday, February 12, 2009
THIS FROM 'MONEY AND MARKETS'
U.S. government debt has almost doubled, soaring by at least $9.7 trillion in IOUs.
Another $3 trillion in debt may be issued in the next few months in additional bailout plans.
The U.S. banking system will effectively be nationalized.
Large swaths of the private residential real estate market in the U.S. will effectively be nationalized.
The price of gold has jumped from $737 to over $900 an ounce, a gain of more than 22%!
And what has the dollar done? The international value of the U.S. dollar remains a mere 16% above its recent record low.
In other words ...
With all the panic liquidation you're hearing about ...
With all the massive pay down of debt that is occurring ...
With all the movement of money into cash and the alleged safety of the U.S. dollar that you're hearing so much about ...
With foreign currencies like the pound and the euro plunging ...
I strongly suggest you listen to the markets and what they're telling you about the dollar: Its value is headed much, much lower.
The U.S. dollar has only been able to eke out a minuscule 16% rally off its record lows!
This action in the dollar is absolutely pathetic under these circumstances. I strongly suggest you listen to the markets and what they are telling you about the dollar.
The value of the dollar is headed much, much lower. Either the markets will depreciate the dollar naturally, or the G-20 will eventually replace the dollar as the world's reserve currency.
That is what the action in the dollar is telling you. That is also what the bursting bond bubble is telling you.
And it is also why you will soon see tremendous rallies in certain assets — namely blue-chip stocks and commodities.
Best wishes,
Larry
CHECK MY BLOG: http://whysilverandgold.blogspot.com/
CHECK TWITTER:
http://twitter.com/WhyLarryDeWein
http://twitter.com/WhyGold
http://twitter.com/WhySilver
Another $3 trillion in debt may be issued in the next few months in additional bailout plans.
The U.S. banking system will effectively be nationalized.
Large swaths of the private residential real estate market in the U.S. will effectively be nationalized.
The price of gold has jumped from $737 to over $900 an ounce, a gain of more than 22%!
And what has the dollar done? The international value of the U.S. dollar remains a mere 16% above its recent record low.
In other words ...
With all the panic liquidation you're hearing about ...
With all the massive pay down of debt that is occurring ...
With all the movement of money into cash and the alleged safety of the U.S. dollar that you're hearing so much about ...
With foreign currencies like the pound and the euro plunging ...
I strongly suggest you listen to the markets and what they're telling you about the dollar: Its value is headed much, much lower.
The U.S. dollar has only been able to eke out a minuscule 16% rally off its record lows!
This action in the dollar is absolutely pathetic under these circumstances. I strongly suggest you listen to the markets and what they are telling you about the dollar.
The value of the dollar is headed much, much lower. Either the markets will depreciate the dollar naturally, or the G-20 will eventually replace the dollar as the world's reserve currency.
That is what the action in the dollar is telling you. That is also what the bursting bond bubble is telling you.
And it is also why you will soon see tremendous rallies in certain assets — namely blue-chip stocks and commodities.
Best wishes,
Larry
CHECK MY BLOG: http://whysilverandgold.blogspot.com/
CHECK TWITTER:
http://twitter.com/WhyLarryDeWein
http://twitter.com/WhyGold
http://twitter.com/WhySilver
Monday, February 9, 2009
ARE WE FOLLOWING JAPAN?
Published in the New York Post on February 9, 2009
From Nouriel Roubini, the economist who most closely predicted the current mess, comes a warning couched in economic jargon that needs to be deciphered and publicized.In a column on Forbes.com, Roubini warns that the United States, in its response to the economic crisis, may be following in the disastrous footsteps of Japan - whose sluggish and overly lenient response to a financial crisis led to a decade of economic misery.In economic jargon, Roubini warns: The "market-friendly, case-by-case approach to the necessary debt reduction of insolvent private non-financial agents - corporate for Japan, households for the US - will be too slow." He calls for an "across-the-board debt reduction" - lest we be condemned to a "systemic debt overhang."
In English, this means that by helping people to stay in homes they can't afford, buy cars beyond their means, pay for college through loans - in short, to acquire goods and services on credit they can't sustain -we are doing them no favors. Instead, we're assuring that debt will "overhang" their lives like a vulture sitting on a branch, inhibiting their buying habits and inhabiting their nightmares.But if we force an "across-the-board debt reduction" that makes them move out of their overpriced homes, trade in their luxury cars, transfer to state colleges - and, if necessary, escape from under their credit-card debt via bankruptcy, we can eliminate the "overhang" and let them and our nation get on with their lives.
FOR ONE WAY OF PROTECTION, AND A MAJOR ONE AT THAT, PROTECT YOURSELF WITH SILVER AND GOLD HOLDINGS:
See http://whysilverandgold.blogspot.com/
FOR A WAY TO ACCUMULATE SILVER , GOLD AND PLATINUM COINS, SEE:
http://www.SilverTornado.com/?dewein
From Nouriel Roubini, the economist who most closely predicted the current mess, comes a warning couched in economic jargon that needs to be deciphered and publicized.In a column on Forbes.com, Roubini warns that the United States, in its response to the economic crisis, may be following in the disastrous footsteps of Japan - whose sluggish and overly lenient response to a financial crisis led to a decade of economic misery.In economic jargon, Roubini warns: The "market-friendly, case-by-case approach to the necessary debt reduction of insolvent private non-financial agents - corporate for Japan, households for the US - will be too slow." He calls for an "across-the-board debt reduction" - lest we be condemned to a "systemic debt overhang."
In English, this means that by helping people to stay in homes they can't afford, buy cars beyond their means, pay for college through loans - in short, to acquire goods and services on credit they can't sustain -we are doing them no favors. Instead, we're assuring that debt will "overhang" their lives like a vulture sitting on a branch, inhibiting their buying habits and inhabiting their nightmares.But if we force an "across-the-board debt reduction" that makes them move out of their overpriced homes, trade in their luxury cars, transfer to state colleges - and, if necessary, escape from under their credit-card debt via bankruptcy, we can eliminate the "overhang" and let them and our nation get on with their lives.
FOR ONE WAY OF PROTECTION, AND A MAJOR ONE AT THAT, PROTECT YOURSELF WITH SILVER AND GOLD HOLDINGS:
See http://whysilverandgold.blogspot.com/
FOR A WAY TO ACCUMULATE SILVER , GOLD AND PLATINUM COINS, SEE:
http://www.SilverTornado.com/?dewein
HE IS TELLING THE TRUTH ABOUT THIS!
Every time we turn around, this guy is bad-mouthing the economy. Is that lifting our spirit or dumping on it in order to sell his tax cut?" liberal comentator Bill Press said on CNN. Newsweek's Jonathan Alter, in an article headlined "Thanks Ever So Much, President Poor-Mouth," said, "Even if Bush turns out to be right in his predictions of gloom, that doesn't mean he was right to make them." The New York Times lectured Mr. Bush, saying that presidents were supposed to be "cheerleaders for the nation's economy."
But Mr. Bush tried that, too. As the United States recovered from the economic devastation caused by the 9/11 attacks, the president constantly talked up the economy, asserting that the American work force could compete with any in the world, and he assured Americans that happy days were right around the corner. Even as the currrent recession took hold, he continued to portray the nation's future in optimistic tones.
For all his effort, he was portrayed as a Pollyannish rube whose naivete so clouded his vision that he could not see the stark reality of the economic situation. How else to explain his optimism in the face of $4-a-gallon gas or exploding unemployment, or presidential statements a year ago, such as "I don't think we're headed to a recession, but no question we're in a slowdown."
Mr. Obama has gone much further than that. Just Friday, Mr. Obama said a report that 600,000 jobs were lost in January meant "it's getting worse, not getting better. ... Although we had a terrible year with respect to jobs last year, the problem is accelerating, not decelerating." Last week he said, "A failure to act, and act now, will turn crisis into a catastrophe."
But he isn't the only Democrat ramping up the rhetoric while talking down the economy. House Speaker Nancy Pelosi of California said last month that our economy "is dark, darker, darkest." Rep. David R. Obey of Wisconsin said, "This economy is in mortal danger of absolute collapse." And Sen. Claire McCaskill of Missouri said of the economic-stimulus bill, "If we don't pass this thing, it's Armageddon."
Wow, Barak Obama is telling it like it is about the economy and the vast majority don't want to hear the truth. THE DOLLAR IS FAILING! It is fiat money, paper money like Monopoly money. ALL PAPER MONEY SYSTEMS HAVE FAILED!! To protect yourself, check out the following in order of 1 and 2:
http://Whysilverandgold.blogspot.com
http://www.SilverTornado.com/?dewein
But Mr. Bush tried that, too. As the United States recovered from the economic devastation caused by the 9/11 attacks, the president constantly talked up the economy, asserting that the American work force could compete with any in the world, and he assured Americans that happy days were right around the corner. Even as the currrent recession took hold, he continued to portray the nation's future in optimistic tones.
For all his effort, he was portrayed as a Pollyannish rube whose naivete so clouded his vision that he could not see the stark reality of the economic situation. How else to explain his optimism in the face of $4-a-gallon gas or exploding unemployment, or presidential statements a year ago, such as "I don't think we're headed to a recession, but no question we're in a slowdown."
Mr. Obama has gone much further than that. Just Friday, Mr. Obama said a report that 600,000 jobs were lost in January meant "it's getting worse, not getting better. ... Although we had a terrible year with respect to jobs last year, the problem is accelerating, not decelerating." Last week he said, "A failure to act, and act now, will turn crisis into a catastrophe."
But he isn't the only Democrat ramping up the rhetoric while talking down the economy. House Speaker Nancy Pelosi of California said last month that our economy "is dark, darker, darkest." Rep. David R. Obey of Wisconsin said, "This economy is in mortal danger of absolute collapse." And Sen. Claire McCaskill of Missouri said of the economic-stimulus bill, "If we don't pass this thing, it's Armageddon."
Wow, Barak Obama is telling it like it is about the economy and the vast majority don't want to hear the truth. THE DOLLAR IS FAILING! It is fiat money, paper money like Monopoly money. ALL PAPER MONEY SYSTEMS HAVE FAILED!! To protect yourself, check out the following in order of 1 and 2:
http://Whysilverandgold.blogspot.com
http://www.SilverTornado.com/?dewein
Tuesday, February 3, 2009
ECONOMIC PAIN!
How Much More Economic
Pain Is Yet to Come?
The answer: A whole lot more!
In fact, the usually upbeat International Monetary Fund expects things to get much worse.
The IMF dropped its forecast for global economic growth to a measly 0.5% for 2009 — the weakest pace since World War II. What's more, that's a drastic reduction from the 2.2% growth the IMF had predicted as recently as November.
An IMF spokesperson said:
"Unless stronger financial strains and uncertainties are forcefully addressed, the pernicious feedback loop between real activity and financial markets will intensify, leading to even more toxic effects on global growth."
Even China, the economic juggernaut, is rapidly slowing down. Fourth quarter growth fell to 6.8%, barely half the 13% growth the Chinese economy enjoyed in 2007.
See http://Whysilverandgold.blogspot.com
http://twitter.com/WhySilver
http://twitter.com/WhyGold
Pain Is Yet to Come?
The answer: A whole lot more!
In fact, the usually upbeat International Monetary Fund expects things to get much worse.
The IMF dropped its forecast for global economic growth to a measly 0.5% for 2009 — the weakest pace since World War II. What's more, that's a drastic reduction from the 2.2% growth the IMF had predicted as recently as November.
An IMF spokesperson said:
"Unless stronger financial strains and uncertainties are forcefully addressed, the pernicious feedback loop between real activity and financial markets will intensify, leading to even more toxic effects on global growth."
Even China, the economic juggernaut, is rapidly slowing down. Fourth quarter growth fell to 6.8%, barely half the 13% growth the Chinese economy enjoyed in 2007.
See http://Whysilverandgold.blogspot.com
http://twitter.com/WhySilver
http://twitter.com/WhyGold
Monday, February 2, 2009
BE HAPPY!
BE HAPPY!
I'M HAPPY WITH WHO I AM AND WITH WHAT I DO Please try to remember to repeat this sentence to yourself ALL DAY today, here and there ...
In every odd moment you can ...
That's your goal with each sentence Every Day. Repeat it, repeat it, repeat it.
Breathe it in, and breathe it out.
OK, So what does this particular affirmation really mean?
What does it mean to be Really Happy with Who You Are? And with what You Do?
For me, sometimes I find it to be a challenge.Sometimes those negative voices inside me just want to "have their way" with me.
This affirmation helps me to get grounded. To get solid. What about you?
What might be possible for you if you REALLY FELT This Affirmation Strongly? REALLY BELIEVED IT? You don't "have to" believe it yet ... At least not all the time!But it could be a nice place to begin, Couldn't it?
So, Try telling yourself this affirmative statementall day long today, and whenever you can in the future.
I'M HAPPY WITH WHO I AM AND WITH WHAT I DO
I'm looking forward to talking with you again soon! "YOU ARE A Miracle!"
I'M HAPPY WITH WHO I AM AND WITH WHAT I DO Please try to remember to repeat this sentence to yourself ALL DAY today, here and there ...
In every odd moment you can ...
That's your goal with each sentence Every Day. Repeat it, repeat it, repeat it.
Breathe it in, and breathe it out.
OK, So what does this particular affirmation really mean?
What does it mean to be Really Happy with Who You Are? And with what You Do?
For me, sometimes I find it to be a challenge.Sometimes those negative voices inside me just want to "have their way" with me.
This affirmation helps me to get grounded. To get solid. What about you?
What might be possible for you if you REALLY FELT This Affirmation Strongly? REALLY BELIEVED IT? You don't "have to" believe it yet ... At least not all the time!But it could be a nice place to begin, Couldn't it?
So, Try telling yourself this affirmative statementall day long today, and whenever you can in the future.
I'M HAPPY WITH WHO I AM AND WITH WHAT I DO
I'm looking forward to talking with you again soon! "YOU ARE A Miracle!"
Wednesday, January 28, 2009
BIGGER OR BIGGEST REAL ESTATE BUST
"The Next Real Estate Crisis"
"By April 2009, hundreds of thousands of option ARM mortgages will begin resetting, bringing on a fresh wave of foreclosures."
- Business Week, June 5, 2008
Here's what will happen:
Beginning in April 2009, hundreds of thousands of U.S. homeowners who took out "option adjustable-rate mortgages" (ARMs) will start to see their monthly payments skyrocket as those interest rates begin to reset.
You see - at this very moment, there are roughly $500 billion worth of option ARM loans outstanding in the U.S. These loans were especially popular during the height of the real estate boom, as they allowed buyers to enjoy low initial payments that would then "adjust" after several years.
But, hey, at the height of the real estate bubble, everyone assumed that home values would continue climbing, so there was nothing to worry about, right?
Wrong.
The real estate boom hit its peak in April 2004... and the majority of option ARM loans are due to begin resetting after five years. In other words... in April 2009.
In December 2008, investment fund manager Whitney Tilson told the 60 Minutes television program that he expected as many as 70% of these loans to default.
He also predicted that over the next four years, more than 8 million Americans will lose their homes to foreclosure.
And he estimated that the total damage from the collapse of the sub-prime lending market is already approaching $1 trillion... but the coming collapse of the Option ARMs and Alt-A loans (which were made to borrowers with low credit scores) could mean another $1.5 trillion in damage.
Let me put that another way...
We're already $1 trillion in the hole... and we're still not even halfway through this disaster
And it all begins to unravel in April 2009 - just a few weeks from now - when those Option ARM loans begin resetting.
Because here's what will happen:
* As we've seen consistently over the last year... the U.S. Government will step in and attempt to "bail out" the U.S. homeowner and prevent the onslaught of massive foreclosures...
* In order to do this, the government will be forced to throw even more money into the system... in what could end up being the most costly bailout to date...
* Once this begins, the stock market will take a nosedive - with the Dow heading to 6,500 or lower...
* Finally - and most incredibly - this latest huge increase in the U.S. money supply will put the United States in danger of having its own credit rating slashed!
"Here's how I did with your last two trades: AXPMQ, bought 11/12 for $2.50, sold 11/13 for $4.20 for a 68% one day gain. XJZMM, bought 11/11 for $1.56, sold 11/13 for $2.43 for a 56% gain in two days… Take care, Ryan..." In fact, Moody's warned in January 2008 that "the U.S. is at risk of losing its top-notch triple-A credit rating."
And in August, The Kiplinger Letter reported, "The idea of the U.S. losing its AAA debt rating isn't far-fetched anymore. Standard & Poor's credit rating agency says the U.S. is taking on a huge risk."
A downgrade of the U.S. credit rating would spell immediate financial disaster - instantly crippling the new administration's ability to revive the economy...
And not to mention - the overall financial chaos created will help send investors fleeing from stocks once again and back into "safe havens" such as U.S. Treasuries.
"By April 2009, hundreds of thousands of option ARM mortgages will begin resetting, bringing on a fresh wave of foreclosures."
- Business Week, June 5, 2008
Here's what will happen:
Beginning in April 2009, hundreds of thousands of U.S. homeowners who took out "option adjustable-rate mortgages" (ARMs) will start to see their monthly payments skyrocket as those interest rates begin to reset.
You see - at this very moment, there are roughly $500 billion worth of option ARM loans outstanding in the U.S. These loans were especially popular during the height of the real estate boom, as they allowed buyers to enjoy low initial payments that would then "adjust" after several years.
But, hey, at the height of the real estate bubble, everyone assumed that home values would continue climbing, so there was nothing to worry about, right?
Wrong.
The real estate boom hit its peak in April 2004... and the majority of option ARM loans are due to begin resetting after five years. In other words... in April 2009.
In December 2008, investment fund manager Whitney Tilson told the 60 Minutes television program that he expected as many as 70% of these loans to default.
He also predicted that over the next four years, more than 8 million Americans will lose their homes to foreclosure.
And he estimated that the total damage from the collapse of the sub-prime lending market is already approaching $1 trillion... but the coming collapse of the Option ARMs and Alt-A loans (which were made to borrowers with low credit scores) could mean another $1.5 trillion in damage.
Let me put that another way...
We're already $1 trillion in the hole... and we're still not even halfway through this disaster
And it all begins to unravel in April 2009 - just a few weeks from now - when those Option ARM loans begin resetting.
Because here's what will happen:
* As we've seen consistently over the last year... the U.S. Government will step in and attempt to "bail out" the U.S. homeowner and prevent the onslaught of massive foreclosures...
* In order to do this, the government will be forced to throw even more money into the system... in what could end up being the most costly bailout to date...
* Once this begins, the stock market will take a nosedive - with the Dow heading to 6,500 or lower...
* Finally - and most incredibly - this latest huge increase in the U.S. money supply will put the United States in danger of having its own credit rating slashed!
"Here's how I did with your last two trades: AXPMQ, bought 11/12 for $2.50, sold 11/13 for $4.20 for a 68% one day gain. XJZMM, bought 11/11 for $1.56, sold 11/13 for $2.43 for a 56% gain in two days… Take care, Ryan..." In fact, Moody's warned in January 2008 that "the U.S. is at risk of losing its top-notch triple-A credit rating."
And in August, The Kiplinger Letter reported, "The idea of the U.S. losing its AAA debt rating isn't far-fetched anymore. Standard & Poor's credit rating agency says the U.S. is taking on a huge risk."
A downgrade of the U.S. credit rating would spell immediate financial disaster - instantly crippling the new administration's ability to revive the economy...
And not to mention - the overall financial chaos created will help send investors fleeing from stocks once again and back into "safe havens" such as U.S. Treasuries.
Tuesday, January 27, 2009
LOSING JOBS FAST!
In just the past 24 hours alone, Corning, Caterpillar, Home Depot, Pfizer, Texas Instruments, Sprint, GM, ING, Phillips Electronics and other large companies have announced more than 75,000 layoffs worldwide.
WORSE: So far in January, 52 large U.S. companies have announced 210,000 layoffs!
WORST OF ALL: This is just the beginning! And now, even the most optimistic of observers finally admit it. They now see the impact it will have on millions of Americans. But they don’t yet see how it could trample your investm
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WORSE: So far in January, 52 large U.S. companies have announced 210,000 layoffs!
WORST OF ALL: This is just the beginning! And now, even the most optimistic of observers finally admit it. They now see the impact it will have on millions of Americans. But they don’t yet see how it could trample your investm
NEED HELP SPONSORING OR BUILDING A BUSINESS:
http://Easystreet.MagneticSponsoringOnline.com
http://Easystreet.buildingabudget.com
http://Easystreet.blackbeltrecruiting.com
GET PAID TO DRIVE YOUR CAR, wear T-shirts, and more. Earn money effortlessly while you go about your day! It's fun, easy and no experience is necessary"!
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Sell your stuff online for cash. Beats Ebay!! Try it Free with this offer!
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Monday, January 26, 2009
HOME TIPS: BUYERS AND SELLERS
9 tips for homebuyers and sellers in 2009
By Steve McLinden • Bankrate.com
In residential real estate, 2009 arrives much the same way that 2008 did: via a rocky road with deepening potholes. While more homebuyers are swooping in and picking up great deals, and sales are slowly increasing in many markets, the ongoing excess inventory of foreclosed homes continues to depress the market.
While potential buyers are getting very low mortgage rates, they also are facing much tighter credit standards and demands for significantly larger down payments. And we haven't even started absorbing the financial fallout from adjustable-rate mortgages, slated to ratchet up in 2009.
No one can really say quite when this downward spiral will cease. If former Fed Chairman Alan Greenspan and current Chairman Ben Bernanke were surprised by the depth of this housing crisis, who among us can accurately make the call?
There is growing sentiment out there that this darkness directly precedes a new dawn. A late-2008 consensus survey by PricewaterhouseCoopers and the Urban Land Institute, based on input from more than 600 industry experts, projects the U.S. residential market should start rebounding appreciably in 2010.
But what about now? Well, this new economy has added some wrinkles to home buying and home selling strategies, while reintroducing some of those old-school favorites like sound fundamental fiscal practices. So here are nine tips for homebuyers and nine for sellers to help them survive and hopefully thrive in the transition year of 2009.
9 tips for homebuyers and sellers in 2009
Tips for homebuyers
1. Cash is the new king
2. Negotiate extras ... and more extras
3. Start a down payment fund
4. Determine your own home buying budget
5. Clean up your credit score
6. Research equals savings
7. Don't overlook neighborhood issues
8. Watch for foreclosed-property inventory to loosen
9. Look for other looming opportunities
Tips for home sellers
1. Price correctly from the get-go
2. Fix earlier pricing mistakes
3. Looks do matter
4. Don't overdo it
5. Don't be an ambiguous seller
6. Be an energy miser
7. Know all of your options
8. Become a landlord
9. Hold fast: Don't sell in a panic
By Steve McLinden • Bankrate.com
In residential real estate, 2009 arrives much the same way that 2008 did: via a rocky road with deepening potholes. While more homebuyers are swooping in and picking up great deals, and sales are slowly increasing in many markets, the ongoing excess inventory of foreclosed homes continues to depress the market.
While potential buyers are getting very low mortgage rates, they also are facing much tighter credit standards and demands for significantly larger down payments. And we haven't even started absorbing the financial fallout from adjustable-rate mortgages, slated to ratchet up in 2009.
No one can really say quite when this downward spiral will cease. If former Fed Chairman Alan Greenspan and current Chairman Ben Bernanke were surprised by the depth of this housing crisis, who among us can accurately make the call?
There is growing sentiment out there that this darkness directly precedes a new dawn. A late-2008 consensus survey by PricewaterhouseCoopers and the Urban Land Institute, based on input from more than 600 industry experts, projects the U.S. residential market should start rebounding appreciably in 2010.
But what about now? Well, this new economy has added some wrinkles to home buying and home selling strategies, while reintroducing some of those old-school favorites like sound fundamental fiscal practices. So here are nine tips for homebuyers and nine for sellers to help them survive and hopefully thrive in the transition year of 2009.
9 tips for homebuyers and sellers in 2009
Tips for homebuyers
1. Cash is the new king
2. Negotiate extras ... and more extras
3. Start a down payment fund
4. Determine your own home buying budget
5. Clean up your credit score
6. Research equals savings
7. Don't overlook neighborhood issues
8. Watch for foreclosed-property inventory to loosen
9. Look for other looming opportunities
Tips for home sellers
1. Price correctly from the get-go
2. Fix earlier pricing mistakes
3. Looks do matter
4. Don't overdo it
5. Don't be an ambiguous seller
6. Be an energy miser
7. Know all of your options
8. Become a landlord
9. Hold fast: Don't sell in a panic
WHY GOLD?
Why Gold and Why Now?
Do you remember the last time gold sold for over $2,000 per ounce?
Of course you do. Maybe you didn't think of that way. But actually, gold has already sold for more than $2,000 per ounce. Let me show you.
First, you have to think for a moment as if it's 1971. Gold is selling for $35. This is the year Nixon breaks it from ties to the dollar. Gold prices start climbing. By 1975, it's hit $196. And by 1980, we're talking $850. Sure, you say, that I remember.
But maybe you also remember back then you could you could also make $27,700 per year and it was a pretty decent living. About as good as making $100,000 per year today.
You could also buy a house for $50,000 then and, just on an inflation basis, it would be worth $250,000 today. (In real estate terms, it might sell now for $500,000 or more.) And back then, you could retire on $270,000 in savings... and it would be as good today as being a millionaire.
So you can see, trying to compare yesterday's gold price to today's — on an even basis — is like trying to compare apples and armadillos!
In today's dollars, 1975 gold at $196 is more like $750 in the current market. And 1980 gold, the peak year at the historical price of $850, would now clock in closer to $2,176. And remember, this is what you get using only the most conservative market calculation of gold's worth. There are other, even more telling ways to value gold.
Do you remember the last time gold sold for over $2,000 per ounce?
Of course you do. Maybe you didn't think of that way. But actually, gold has already sold for more than $2,000 per ounce. Let me show you.
First, you have to think for a moment as if it's 1971. Gold is selling for $35. This is the year Nixon breaks it from ties to the dollar. Gold prices start climbing. By 1975, it's hit $196. And by 1980, we're talking $850. Sure, you say, that I remember.
But maybe you also remember back then you could you could also make $27,700 per year and it was a pretty decent living. About as good as making $100,000 per year today.
You could also buy a house for $50,000 then and, just on an inflation basis, it would be worth $250,000 today. (In real estate terms, it might sell now for $500,000 or more.) And back then, you could retire on $270,000 in savings... and it would be as good today as being a millionaire.
So you can see, trying to compare yesterday's gold price to today's — on an even basis — is like trying to compare apples and armadillos!
In today's dollars, 1975 gold at $196 is more like $750 in the current market. And 1980 gold, the peak year at the historical price of $850, would now clock in closer to $2,176. And remember, this is what you get using only the most conservative market calculation of gold's worth. There are other, even more telling ways to value gold.
Sunday, January 25, 2009
Some Tips for Frugality
The shift to a frugal lifestyle is more likely to succeed, Dr. Joseph Hullett said, if you do the following:
1. Establish a time frame for making the change.
2. Plan the steps necessary to achieve your goal.
3. Let others know about your plans.
4. Share the results as well.
Or take it even further, Hullett said, and "engage not just yourself but friends and family, and become part of a community that desires to do these things and see how other people are taking steps to make changes."
1. Establish a time frame for making the change.
2. Plan the steps necessary to achieve your goal.
3. Let others know about your plans.
4. Share the results as well.
Or take it even further, Hullett said, and "engage not just yourself but friends and family, and become part of a community that desires to do these things and see how other people are taking steps to make changes."
Saturday, January 24, 2009
This from The Daily Reckoning - - -
The real truth is that our nation’s financial condition is even worse than advertised...
The Treasury has already lost $64 billion of our dollars in the TARP program by giving it to bankrupt banks...they’ve stolen our hard earned money to make sure the Detroit CEO’s continue to work...and they’ve already earmarked another $825 billion to “stimulate” the economy. The federal government will go $1.2 trillion deeper in the red this year alone. If consumer’s aren’t borrowing and spending...and corporations are laying people off and closing up stores...the government, the conventional wisdom says, is the only entity that can bail the economy out.
At some point, you have to take a step back and wonder, “Hmmmm...where’s all of this money coming from?” This government, like so many others in history, is trying to print their way out of trouble. “Hyperinflation” no longer seems like an “if”, but a “when.” And most people are blissfully ignorant...and believe someone in Washington or New York is smart enough to figure all this stuff out.
The Treasury has already lost $64 billion of our dollars in the TARP program by giving it to bankrupt banks...they’ve stolen our hard earned money to make sure the Detroit CEO’s continue to work...and they’ve already earmarked another $825 billion to “stimulate” the economy. The federal government will go $1.2 trillion deeper in the red this year alone. If consumer’s aren’t borrowing and spending...and corporations are laying people off and closing up stores...the government, the conventional wisdom says, is the only entity that can bail the economy out.
At some point, you have to take a step back and wonder, “Hmmmm...where’s all of this money coming from?” This government, like so many others in history, is trying to print their way out of trouble. “Hyperinflation” no longer seems like an “if”, but a “when.” And most people are blissfully ignorant...and believe someone in Washington or New York is smart enough to figure all this stuff out.
Thursday, January 22, 2009
This report from Dr. Martin Weiss of SafeMoney Report:
FACT #1: More than 2.6 million families lost a paycheck in 2008. That brought the total number of unemployed workers to over 11 million — fully 74% as many as were unemployed in The Great Depression.
FACT #2: This great lost paycheck pandemic is still accelerating. One year ago — in January 2008 — an average of 1,000 U.S. workers lost their paychecks every workday. By December, 28,727 paychecks vanished per workday — nearly 29 times more.
FACT #3: Obama warns more jobs may be lost than in The Great Depression. This crisis is still in its early stages. President Obama himself has warned that the unemployment rate will explode to at least 10% in 2009.
If he’s right, more than 15 million workers will be without a job — more, even than during the depths of The Great Depression.
And even these sobering facts don’t begin to fully describe the financial pain about to be felt by millions of American families ...
Wage freezes and outright salary reductionsare ALREADY spreading like wildfire!
In his inauguration speech, President Obama tacitly called on private sector workers to voluntarily reduce their own incomes ...
"It is ... the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours."
And yesterday, to lead by example, he announced a salary freeze for White House employees earning over $100,000 a year — including his Chief of Staff, his National Security Advisor and his Press Secretary.
But many companies are not waiting around for the President’s lead ...
Tropicana Casino and Resort of Atlantic City is freezing all wages …
Avis Budget Group is freezing management salaries on top of cutting more than 2,200 jobs.
The Cleveland Clinic in Ohio imposed a hiring and salary freeze across the board on its 33,000-worker health system in December.
Alcoa’s new salary and hiring freeze impacts all employees who are left after slashing 13,500 workers.
And many more companies are actually cutting employees’ income and benefits ...
USA Today publisher Gannett has frozen wages and imposed one-week unpaid furloughs for most of its U.S. employees.
Luxury retailer Saks is not only terminating 1,100 jobs, it’s also eliminating merit raises and suspending matching contributions to its 401(k) plan.
Caterpillar is cutting executive compensation by up to HALF and cancelling pay increases for managers and support staff.
FACT #1: More than 2.6 million families lost a paycheck in 2008. That brought the total number of unemployed workers to over 11 million — fully 74% as many as were unemployed in The Great Depression.
FACT #2: This great lost paycheck pandemic is still accelerating. One year ago — in January 2008 — an average of 1,000 U.S. workers lost their paychecks every workday. By December, 28,727 paychecks vanished per workday — nearly 29 times more.
FACT #3: Obama warns more jobs may be lost than in The Great Depression. This crisis is still in its early stages. President Obama himself has warned that the unemployment rate will explode to at least 10% in 2009.
If he’s right, more than 15 million workers will be without a job — more, even than during the depths of The Great Depression.
And even these sobering facts don’t begin to fully describe the financial pain about to be felt by millions of American families ...
Wage freezes and outright salary reductionsare ALREADY spreading like wildfire!
In his inauguration speech, President Obama tacitly called on private sector workers to voluntarily reduce their own incomes ...
"It is ... the selflessness of workers who would rather cut their hours than see a friend lose their job which sees us through our darkest hours."
And yesterday, to lead by example, he announced a salary freeze for White House employees earning over $100,000 a year — including his Chief of Staff, his National Security Advisor and his Press Secretary.
But many companies are not waiting around for the President’s lead ...
Tropicana Casino and Resort of Atlantic City is freezing all wages …
Avis Budget Group is freezing management salaries on top of cutting more than 2,200 jobs.
The Cleveland Clinic in Ohio imposed a hiring and salary freeze across the board on its 33,000-worker health system in December.
Alcoa’s new salary and hiring freeze impacts all employees who are left after slashing 13,500 workers.
And many more companies are actually cutting employees’ income and benefits ...
USA Today publisher Gannett has frozen wages and imposed one-week unpaid furloughs for most of its U.S. employees.
Luxury retailer Saks is not only terminating 1,100 jobs, it’s also eliminating merit raises and suspending matching contributions to its 401(k) plan.
Caterpillar is cutting executive compensation by up to HALF and cancelling pay increases for managers and support staff.
Monday, January 19, 2009
Tulip Mania! What's that?
The first stock exchange in the world was the Amsterdam Stock Exchange, established in 1602. Amsterdam was also the site of the worlds FIRST SPECULATIVE BUBBLE, TULIP MANIA, which appeared shorly thereafter, 1621- 1636.
This is from Wikipedia's recounting of Tulip Mania:
http://en.wikipedia.org/wiki/Tulip_mania:
. . .traders signed contracts before a notary to purchase tulips at the end of the season (effectively futures contracts). Thus the Dutch, who developed many of the techniques of modern finance, created a market for durable tulip bulbs.
Short selling was banned by an edict of 1610, which was reiterated or strengthened in 1621 and 1630. Short sellers were not prosecuted under these edicts, but their contracts were deemed unenforceable. . .
As the flowers grew in popularity, professional growers paid higher and higher prices for bulbs with the virus (a tulip-specific virus that caused more spectacular colored tulips). By 1634, in part as a result of demand from the French, speculators began to enter the market.
In 1636, the Dutch created a type of formal futures markets where contracts to buy bulbs at the end of the season were bought and sold. Traders met in "colleges" at taverns and buyers were reauired to pay a 2.5% "wine money" fee, up to a maximum of three florins, per trade.
Neither party paid an initial margin nor a mark-to-market margin, and all contracts were with the individual counterparties rather than with the exchange. No deliveries were ever made to fulfill these contracts because of the market collapse in February 1637.
The contract price of rare bulbs continued to rise throughout 1636. That November, the contract price of common bulbs without valuable mosaic virus also began to rise in value. The Dutch derogatorily described tulip contract trading as windhandel (literally "wind trade") because NO bulbs were actually chaning hands. However in February 1637, tulip bulb contract prices collapsed abruptly and the trade of tulips ground to a halt!
It is clear that today's "complex and sophisticated" markets are not as unique as some would believe. What is new, however, are the circumstances and consequences of the current collapse. Today, financial markets are a global phenomena; and so, too will be the consequences.
The invention of the stock market in Amsterdam in 1602 combined with the issuance of the Bank of England's credit-based paper money in 1694 was to change the course of human history for the next three hundred years. That epoch is now ending.
The world that crdit gave rise to is collapsing as is its credit-based foundation, turning the proverbial carriage into a pumpkin at midnight, as the hoped for financial fairy tale turns instead into a nightmare of defaulting debt in 2009.
The collapse of global markets and global trade is a sign we have reached the end of this epoch. The current financial collapse is the beginning of the end. When it is over, so, too, will be the era it spawned. Human history moves in waves. Another is about to begin.
This is from Wikipedia's recounting of Tulip Mania:
http://en.wikipedia.org/wiki/Tulip_mania:
. . .traders signed contracts before a notary to purchase tulips at the end of the season (effectively futures contracts). Thus the Dutch, who developed many of the techniques of modern finance, created a market for durable tulip bulbs.
Short selling was banned by an edict of 1610, which was reiterated or strengthened in 1621 and 1630. Short sellers were not prosecuted under these edicts, but their contracts were deemed unenforceable. . .
As the flowers grew in popularity, professional growers paid higher and higher prices for bulbs with the virus (a tulip-specific virus that caused more spectacular colored tulips). By 1634, in part as a result of demand from the French, speculators began to enter the market.
In 1636, the Dutch created a type of formal futures markets where contracts to buy bulbs at the end of the season were bought and sold. Traders met in "colleges" at taverns and buyers were reauired to pay a 2.5% "wine money" fee, up to a maximum of three florins, per trade.
Neither party paid an initial margin nor a mark-to-market margin, and all contracts were with the individual counterparties rather than with the exchange. No deliveries were ever made to fulfill these contracts because of the market collapse in February 1637.
The contract price of rare bulbs continued to rise throughout 1636. That November, the contract price of common bulbs without valuable mosaic virus also began to rise in value. The Dutch derogatorily described tulip contract trading as windhandel (literally "wind trade") because NO bulbs were actually chaning hands. However in February 1637, tulip bulb contract prices collapsed abruptly and the trade of tulips ground to a halt!
It is clear that today's "complex and sophisticated" markets are not as unique as some would believe. What is new, however, are the circumstances and consequences of the current collapse. Today, financial markets are a global phenomena; and so, too will be the consequences.
The invention of the stock market in Amsterdam in 1602 combined with the issuance of the Bank of England's credit-based paper money in 1694 was to change the course of human history for the next three hundred years. That epoch is now ending.
The world that crdit gave rise to is collapsing as is its credit-based foundation, turning the proverbial carriage into a pumpkin at midnight, as the hoped for financial fairy tale turns instead into a nightmare of defaulting debt in 2009.
The collapse of global markets and global trade is a sign we have reached the end of this epoch. The current financial collapse is the beginning of the end. When it is over, so, too, will be the era it spawned. Human history moves in waves. Another is about to begin.
Friday, January 16, 2009
2009 Train Wreck
Get ready for Bank Crisis II! Today's news tells us that Bank of America posted a massive $1.79 BILLION loss in the last three months of 2008. . . it slashed dividends and accepted a $1.38 BILLION emergency lifeline. Also Citigroup reported total losses of $18.7 BILLION in 2008 . . . $8.29 BILLION in the fourth quarter ALONE! A new phase of bank crisis is beginning. . .soaring unemployment, plunging stocks, cancelled dividends and sinking investment income ahead.
The phrase, speculative bubble, is used to describe the financial tumescence that characterizes the often manic unfounded rise of asset values. The phrase, however, inadequate for it fails to convey the destructive aftermath that follows; for such purposes, train wreck, is a better description. In 2009, the largest train wreck in economic history is about to occur.
Unfounded manic speculation, e.g. the 2002-2007 real estate bubble, is not new. Similar manic speculation occurred in internet stocks in the 1990s, radio stocks in the 1920s, as it did in railroad stocks in the 19th century and in the tulip bulbs in the 17th century. Manic speculation is as human as the markets.
Next time: The famous Dutch Tulip Mania!
Please see my Blog: http://Whysilverandgold.blogspot.com
It ties in with what we are saying here and is very important to your financial well being.
The phrase, speculative bubble, is used to describe the financial tumescence that characterizes the often manic unfounded rise of asset values. The phrase, however, inadequate for it fails to convey the destructive aftermath that follows; for such purposes, train wreck, is a better description. In 2009, the largest train wreck in economic history is about to occur.
Unfounded manic speculation, e.g. the 2002-2007 real estate bubble, is not new. Similar manic speculation occurred in internet stocks in the 1990s, radio stocks in the 1920s, as it did in railroad stocks in the 19th century and in the tulip bulbs in the 17th century. Manic speculation is as human as the markets.
Next time: The famous Dutch Tulip Mania!
Please see my Blog: http://Whysilverandgold.blogspot.com
It ties in with what we are saying here and is very important to your financial well being.
Thursday, January 15, 2009
It's over!
"The America of Henry David Thoreau, of Mark Twain, of Walt Whitman, of Thomas Jefferson and Tom Paine and the millions more who brought this nation into being and kept it alive in their hearts and, to a large extent, on the ground, for so long – that America, the real America, the 'asylum for mankind' that Paine wrote about so eloquently – that America is gone, fading already into myth and legend, gone soon even from living memory as the last citizens who remember America's dying embers wink out from this world, one by one." Glen Allport.
Monday, January 12, 2009
Barack Obama's Shocking Warnings
Here is what he warns: (From Weiss Research)
1) U.S. unemployment could surge to double digits.
2) This recession could linger for years.
3)This could be the worst crisis of our lifetime!
In his radio address he said:
"In the past month alone, we lost more than half a million jobs - a total of nearly 2.6 million in the year 2008. Another 3.4 million Americans who want and need work have had to settle for part-time jobs."
and about family finances:
"Families across America are feeling the pinch as they watch debts mount, bills pile up and savings disappear."
and about the severity of the crisis:
"This recession could linger for years and the unemployment rate could reach double digits" like it did during the Great Depression.
and about YOUR immediate future:
"Things will get worse before they get better".
It is imperative that you take action to protect yourself, your family, and all that you own from this coming shut down.
Earn all you can, save all you can and give all you can to help the less unfortunate.
One thing you can do is to take membership in Strong Future International, which lets you buy products at wholesale cost for yourself or even to sell them at a profit if you so desire to make some money.
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1) U.S. unemployment could surge to double digits.
2) This recession could linger for years.
3)This could be the worst crisis of our lifetime!
In his radio address he said:
"In the past month alone, we lost more than half a million jobs - a total of nearly 2.6 million in the year 2008. Another 3.4 million Americans who want and need work have had to settle for part-time jobs."
and about family finances:
"Families across America are feeling the pinch as they watch debts mount, bills pile up and savings disappear."
and about the severity of the crisis:
"This recession could linger for years and the unemployment rate could reach double digits" like it did during the Great Depression.
and about YOUR immediate future:
"Things will get worse before they get better".
It is imperative that you take action to protect yourself, your family, and all that you own from this coming shut down.
Earn all you can, save all you can and give all you can to help the less unfortunate.
One thing you can do is to take membership in Strong Future International, which lets you buy products at wholesale cost for yourself or even to sell them at a profit if you so desire to make some money.
It just started a new auction format called TripleClicks whereby you can sell your unwanted items, collectables, garage sale items, etc. and put some cash into your pocket. Go to the following link for an initial FREE listing:
http://www.tripleclicks.com/10479052/go
By the way, there are over 6000 products in the TripleClicks store area .
If you want to start your own internet business with SFI at home, you can build residual and leveraged income to create real wealth. You will receive FREE training and support, websites and products - - ZERO RISK! While you are reading this, thousands of people all over the world have been working to put money in my pocket. I even make money while I sleep! By this time next week, so could YOU. Get full info here:
http://www.moreinfo247.com/10479052/FREE
Saturday, January 10, 2009
Friday, January 9, 2009
The Biggest Flood of Red Ink in the World!
This report just came from 'Money and Markets' research:
"How much is $1.186 trillion - - or $1,186,000,000,000, written out the long way?
. It's more than the inflation-adjusted cost of the Vietnam ($698 billion) and Korean Wars ($454 billion).
. It's more than the Louisiana Purchase ($217 billion) and the Savings and Load bailouts ($256 billion)
. It's greater than the 2007 Gross Domestic Product of all but 13 other countries in the world.
. It's equal to $3,881 for every man, woman, and child in the U.S. (Have you made out a check for you and your families shares yet?)
. It could buy 189,760,000,000 bushels of wheat at recent prices. 26,893,424,036 barrels of oi. Or 1,581,333,333,333 cans of Diet Coke at my trusty vending machine in the break room.
Why do I bring this up? Because that $1.186 trillion figure is the projected 2009 deficit, according to the latest report from the Congressional Budget Office (CBO).
And it is downright scary!
THESE NUMBERS ARE BIG - - REALLY BIG! That $1.186 trillin is such a large number - so out of control -that it's hard for most of us mere mortals to process it. Suffice to say - - - It's the biggest flood of budgetary red ink ANY country has ever seen in world history. And it makes last year's $455 billion deficit look like chump change.
Still not worried? Then get a load of this:
THE CBO ESTIMATE DOESN'T EVEN INCLUDE ANY POTENTIAL STIMULUS PACKAGE FROM CONGRESS AND THE OBAMA ADMINISTRATION."
It's time to do everything you can to get your financial house in order and prepare yourself mentally, socially, physically and spiritually to prepare, not just 2009, but the years beyond as well.
Here's some help:
Do you have items laying around that you can sell, like garage sale items, etc. Go here and do so for a no charge listing. It's a new auction site called TRIPLECLICKS:
http://www.tripleclicks.com/10479052/go
"How much is $1.186 trillion - - or $1,186,000,000,000, written out the long way?
. It's more than the inflation-adjusted cost of the Vietnam ($698 billion) and Korean Wars ($454 billion).
. It's more than the Louisiana Purchase ($217 billion) and the Savings and Load bailouts ($256 billion)
. It's greater than the 2007 Gross Domestic Product of all but 13 other countries in the world.
. It's equal to $3,881 for every man, woman, and child in the U.S. (Have you made out a check for you and your families shares yet?)
. It could buy 189,760,000,000 bushels of wheat at recent prices. 26,893,424,036 barrels of oi. Or 1,581,333,333,333 cans of Diet Coke at my trusty vending machine in the break room.
Why do I bring this up? Because that $1.186 trillion figure is the projected 2009 deficit, according to the latest report from the Congressional Budget Office (CBO).
And it is downright scary!
THESE NUMBERS ARE BIG - - REALLY BIG! That $1.186 trillin is such a large number - so out of control -that it's hard for most of us mere mortals to process it. Suffice to say - - - It's the biggest flood of budgetary red ink ANY country has ever seen in world history. And it makes last year's $455 billion deficit look like chump change.
Still not worried? Then get a load of this:
THE CBO ESTIMATE DOESN'T EVEN INCLUDE ANY POTENTIAL STIMULUS PACKAGE FROM CONGRESS AND THE OBAMA ADMINISTRATION."
It's time to do everything you can to get your financial house in order and prepare yourself mentally, socially, physically and spiritually to prepare, not just 2009, but the years beyond as well.
Here's some help:
Do you have items laying around that you can sell, like garage sale items, etc. Go here and do so for a no charge listing. It's a new auction site called TRIPLECLICKS:
http://www.tripleclicks.com/10479052/go
Thursday, January 8, 2009
National Bankruptcy Day - Feb 10
February 10th is unofficially known as 'National Bankruptcy Day' because of HR4040.
See http://nationalbankruptcyday.com/. Conress passed the Consumer Product Safety Improvement Act of 2008, or HR 4040, a retroactive rule mandating that all items sold for use by children under 12 must be tested by an independent party, for lead and phthalates, which are chemicals used to make plastics more pliable.
This will cause a terrific strain on thousands of businesses and cause many to shut their doors for good.
TripleClicks.com Free Listing Offer
Hold your own online garage sale! Use TripleClicks to clean out your closets, attic, and garage. List and sell dozens or even hundreds of items and start putting cash in your pocket TODAY!
http://www.tripleclicks.com/10479052/go
GET PAID TO DRIVE YOUR CAR, wear T-shirts, and more! Earn money effortlessly while you go about your day! It's fun, easy, and no experience is necessary!
http://www.moreinfo247.com/10479052/EE
See http://nationalbankruptcyday.com/. Conress passed the Consumer Product Safety Improvement Act of 2008, or HR 4040, a retroactive rule mandating that all items sold for use by children under 12 must be tested by an independent party, for lead and phthalates, which are chemicals used to make plastics more pliable.
This will cause a terrific strain on thousands of businesses and cause many to shut their doors for good.
TripleClicks.com Free Listing Offer
Hold your own online garage sale! Use TripleClicks to clean out your closets, attic, and garage. List and sell dozens or even hundreds of items and start putting cash in your pocket TODAY!
http://www.tripleclicks.com/10479052/go
GET PAID TO DRIVE YOUR CAR, wear T-shirts, and more! Earn money effortlessly while you go about your day! It's fun, easy, and no experience is necessary!
http://www.moreinfo247.com/10479052/EE
Saturday, January 3, 2009
Car troubles? Here's the Story
Here's a video that explains the problem with the car industry and what is going on:
http://www.wimp.com/totalcollapse/
http://www.wimp.com/totalcollapse/
Thursday, January 1, 2009
HAPPY NEW YEAR!
Well,
Here we go into the new year of 2009. There is much doubt as to whether it will be any better than last year. Many feel it will be much worse and we are at the beginning of the equivalent of 1929. Tony Sagami of 'Money and Markets' expects:
1. Real estate prices will continue falling.
2. Unemployment will continue rising.
3. Our economy will continue contracting, and
4. Out stock market will reflect the deterioration of those long-term systemic economic woes.
I tend to agree with him. We do need to look at the negative because we need to face reality but at the same time we need to "keep our head - -- - while all others are losing theirs" - part of an old quote. In the Great Depression, while there were millions having very tough times, there were a good number of people living luxuriously because they did the right things. I'm planning on being that side of the equation. What about you? Are you preparing? Saving money? Starting a business or getting involved with some opportunities on the internet? Buying silver or gold coins? What are you doing? Tell me. This enquiring mind wants to know :)
Talk to you next post. Larry
Here we go into the new year of 2009. There is much doubt as to whether it will be any better than last year. Many feel it will be much worse and we are at the beginning of the equivalent of 1929. Tony Sagami of 'Money and Markets' expects:
1. Real estate prices will continue falling.
2. Unemployment will continue rising.
3. Our economy will continue contracting, and
4. Out stock market will reflect the deterioration of those long-term systemic economic woes.
I tend to agree with him. We do need to look at the negative because we need to face reality but at the same time we need to "keep our head - -- - while all others are losing theirs" - part of an old quote. In the Great Depression, while there were millions having very tough times, there were a good number of people living luxuriously because they did the right things. I'm planning on being that side of the equation. What about you? Are you preparing? Saving money? Starting a business or getting involved with some opportunities on the internet? Buying silver or gold coins? What are you doing? Tell me. This enquiring mind wants to know :)
Talk to you next post. Larry
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