Money Matters Newsletter

Money Matters Airs this Thursday at noon  PST    Park Your Money      Where to put your money this summer and fall.

 

Also kvmr fans and music lovers. KVMR talent show and musical extravanganza is happening next Thursday night at the Center for the Arts! This is a fund raiser for our great station and you will have a blast! Artists from KVMR will perform music, dance, comedy and who knows what else with many surprises. Here are the details. Lets Party !

Marc's Notes:

Welcome all new subscribers to our Money Matters Newsletter Update!
This issue will summarize all our current holdings for you newbies and be a welcome refresher for our current subscribers.

First off, all you new subscribers should know how to navigate our website. www.moneymanagementradio.com.

Marc's notes:

Big turnout for our MINI MEMBERSHIP today with 56 new pledges, most for the newsletter and a bunch for the Money Matters Margarita Dinner. Many elected for website access as well. We raised close to $4500.00 in 2 hours. GREAT JOB AND THANKS!

We will contact all those who pledged shortly with log on information for the website and the dinner and put you on the newsletter as soon as we get the paperwork done.

I will be writing a welcome newsletter soon and on it will be all the current recommendations of holdings for all the newbies. You old timers will appreciate the summary of holdings as well.

Markets are looking like a tumble is now ready. The rally up from the 9,000’s is most likely over. Disappointing news on the manufacturing front and unemployment and some earnings should move the markets lower again. The rally is petering out me thinks.

Marc's Notes:

Free show update: Should you stop paying your Home Mortgage" Show 86 is now free for download under the FREE SHOW tab on the right side menu bar. This was one of my most popular shows so now you can have it free.

On this special day, I bring you truth and explanations. I wish all of you a great 4th.

Today we seek to detail what has happened and what will transpire in the days and weeks to follow.

The great transfer of private debt to public debt sails on. With a world awash in debt in 2007, private entities from banks to homeowners to businesses find they cannot service the massive amount of owed money and nature demanded payment or default. Too much debt cannot be paid back and the world economies start the great deleveraging process. Nature demands payment and the markets start to deleverage by either default (not paying) or discounting (selling assets at a discount). This process is the markets way of clearing out the rot and making way for new growth. Deleveraging on this scale will cause massive economic pain, with unemployment, defaults, bankruptcies and human suffering. Unfortunate but necessary because of the mistakes made in the last 3 decades or more.
World governments refuse to allow this necessary cleansing because of the misery it will cause so they transfer all private debt to the public through bailouts, mortgage reductions, free money to the banks and every sort of program they can think of.

Marc’s Notes:

Markets remain on RED Alert. They are deteriorating slowly but could accelerate any day. Any news event could set them off.

Gold and Silver look strong and I would add physical gold and silver at anytime if you don’t own at least 10% of your net worth in physical gold and silver.  I would consider adding our Gold mutual funds as well but lightly. My contacts are at the end of this newsletter.

Marc's Notes:

Many things are happening in the news and the astute should be studying all these issues closely. The devil is in the details.
First, I have been screaming from the roof tops that the housing recovery was not real. Government credits for homebuyers only brought forth people who would have bought later and cannibalized future sales. Now, to the surprise of most economists (not this one), sales for new homes dropped off the cliff, down 33%!

Marc's Notes:
The news items continually coming across my desk show every public entity effectually bankrupt. Cities are hemorrhaging debt as city officials learned the deficit spending trade well from our National Government. The word “bond” never should have been invented.
States from coast to coast are broke, mired in debt in amounts that boggle the mind.
Pensions of many large companies are so underwater, only trick accounting is hiding the real damage. This “trick” accounting is used by banks, companies, even our government. It now runs the gamut anywhere there is big money. Except your tax return. You are not allowed to use the same accounting all these other entities are allowed to use. Try that and off to prison you probably go. It’s a sham and disgraceful. The hiding of assets in “special purpose vehicles”. This accounting trick in used by most of the big banks, European Governments in the Greece bailout, OUR government in the entire off sheet liabilities, most pensions plans of large companies, and many large companies.

Marc's Notes:

Hungry anyone?  

Actually the PIIGS were!  PIIGS meaning Portugal, Italy, Ireland, Greece and Spain. These 5 are called PIIGS as they are the EURO currency countries that are in bad shape debt wise (beside US) and Greece was the most visible.

Well, don’t look now but the debt “disease” is spreading like I told you it would. This morning HUNGARY came out and said it might default. Wow, they weren’t even on the list!  Just goes to show there is never just one cockroach. The debt disease started with homeowners, then to companies, then to our banking system and now is in entire countries! This HUNGRAY news pounded the EURO again under 120 per US DOLLAR and aren’t you glad I told you to get OUT OF THE EURO last year.
You can expect an even more aggressive money printing plan by the European Central planners, violating their own rules by bailing out countries, as the EURO contagion makes its way into other hosts.