IRA Theft by the US Govt! A MUST READ! Update January 15, 2010

http://www.bloomberg.com/apps/news?pid=20603037&sid=aR9zVMXzOeX0

Marc's Notes:

Does the US Govt believe they can take our IRA's? Just click on the above link and read.

This is another step in total control over our lives. Now they propose taking YOUR money because some people lose THEIRS! Like I said, once things start south, they will do ANYTHING to gain more control. (Thanks to Jason Hommel for this link). We must remain deligent and NEVER become complacent. Keep reading, listening, writing and voting OUT these incumbent crooks that were in place during this crisis. Also vote OUT anybody who even discusses this idiocy of robbing our money from us.

Meanwhile, the bailouts continue. Expect another home bailout in June or July where actual principal reductions will be introduced. The government will now pay DOWN your mortgage, but only if you are in trouble of course. This next bailout will be even more expensive. But it is coming. When housing starts down again, and it will after the latest incentive has run out, they will enact it. Mark my words. 

And in the "its incredible" article, JP MORGAN posted quadrupled profits from their trading desks. Read it here. http://www.bloomberg.com/apps/news?pid=20601103&sid=a8nu3MhHp_Bk

JP Morgan took BILLIONS in bailout money, paid BILLIONS in bonuses, gobbled up healthy, well run banks, got STEALS of assets with FED help and now post BILLIONS in profits. And they are not making it on consumer loans. They are gambling. This and the other "too big too fail" firms are now EVEN bigger. Little if any new regulation has been installed so the problem is WORSE. I am telling you right now, the problems have NOT been solved, the blow up coming in a year or 2 will be even bigger, this time most likely bringing down the world financial system with it. Look at it this way, when you borrow 10 trillion, you get money without working. (Thats what borrowing is). When the time comes to pay it back, in other words the bill comes due, you now must WORK without pay. Borrow 10 trillion, work 10 trillion dollars worth later without pay. Borrow 10 more trillion to stave off the misery of paying back the first 10 trillion, now you owe 20 trillion. See how it works? Borrow to fix a debt problem, and you get a WORSE debt problem.

Yeah the markets going up. So what? You think thats the end of it? HA! Just you wait. "You aint seen nuthin yet"!

Markets now testing 9750. I mentioned in Novembers newsletters and Decembers news letters 9750 DOW or maybe even 10500 as a possible turns. We will see. Right now all those trillions of govt. money is flooding into the markets through people and firms like the article above. Banks are gambling in the stock market with free taxpayer money. REREAD THE ARTICLE ABOVE!

But when the money runs out, so will the market.

No big movements in our positions so hold all. Gold stopped its slide and never reached $1000/oz. It still could test there so dont add any more yet except physical gold and silver you hold. ALWAYS add that anytime and anywhere! See end of this letter for where to buy.

Oil and natural gas going nowhere. Hold oil, ADD natural gas. 

All other positions- no change as well.

Those wishing to hedge US dollar holdings, the Everbank BRIC CD is still not being offered so you may have to settle with their foreign currency cds. You get some interest, are FDIC insured against bank default (Not currency exchange loss) and can roll the cds without cost. There is a .75% fee in and out however. I will wait another few months to see if they come out with another BRIC no cost, no loss cd. If they do not, we may be stuck with this foreign currency cd option.

Super Dividend Payers list was updated last week. Subscribe for access. 

New show next week and a pledge drive.

All for now but do READ the first article on a proposal to TAKE your IRA entirely. It is scary stuff!

Want to meet with me? This month is now opened up some due to the October pledge drive consults being completed. Email me to schedule a meeting quickly or get in line again for February and March.

All the best,

Marc