Marc's Political Tirade! Holy Cow, Somebody Shut Him Up! Update. April 28, 2010

Marc's Notes:

The markets are gyrating because of many things that are happening. First off, economic figures coming out of Washington are mixed. Keep in mind if these statistics were not fudged by the Government, most of the news would show the recovery is NOT happening. Secondly the housing bust is only showing signs of relief because of government credit programs. There have been lots of them in many forms. One was a credit for new home buyers and then was expanded to include anyone. The FHA meanwhile suspended its home flipping rule. It used to be you couldn’t use government money to buy a house you were going to flip; now you can. The Government is also rebating companies to rework your home loan, pay your mortgage outright, loan you money for fix ups, and many other programs to get you to either buy a house or stay in yours. All these programs appear under the “compassion” umbrella but actually most of it is to get the house OFF the banks books so YOU take the hit, not them, and to get you to stay in the house as it continues down in value. You thought they were just being nice?

Listen to our show # 86, Should You Stop Paying Your Home Mortgage”. This details the REAL reason they want you to own your home. It’s because they are going down in value and they don’t want them back. The banks also want to get rid of what properties they have. But the end result will be a slow grind down in home values where you take the hit on the way down and they keep your home mortgage payments. They also are sucking in more “suckers’ to buy homes. All those that didn’t get sucked in on the first go around are being enticed by these programs to get railed now, get in more debt now, and enslave themselves to overpaying for homes and therefore overpaying in mortgage payments. Think housing has bottomed? Anyone want to bet me? By the way, I won my bet with my “ advisor” friend who bet me last year. (For those wondering). Mark my words- Housing will continue its slide as government programs expire.
And a special note! Did you know that even though California is bankrupt and will run out of money in 30 days; the state just allocated MILLIONS to give their own version of a home buying credit? You heard me right. The State is now in the home bailout business, giving thousands in tax credits if you buy a home. A state on the verge of insolvency yet they give away our tax money to dead beat borrowers. Lunacy.

Anyway, the government is using all means to try and re-inflate the housing bubble. FDIC is making home loans and paying off mortgages.  FDIC is supposed to insure your bank account. What are they doing in the home loan business? They are also paying property taxes for homeowners and reducing mortgage balances. The USDA is an agriculture department yet they are making 1 % home loans and paying down interest rates mortgages. What are THEY doing in the home loan market? The Treasury is buying mortgages and fronting money to Freddie Mac, Fannie May and FHA. They are supposed to be our money watcher. What are THEY doing in the home loan market? The Federal Reserve is supposed to watch over banks and control the money supply yet they are buying trillions of private mortgages from the banks with taxpayer money. What are THEY doing in the home loan market? The list goes on. It’s incredible. We are seeing government intervention on every level.

Bottom line: The Government is getting bigger and more powerful. This is how Governments work. They are parasites with tentacles everywhere. Ever growing and expanding.
They are controlling car companies, banks, mortgage companies, insurance companies and many others. They are into your health care, now infringing on states rights (Arizona), controlling the home market, the stock market, the money markets, the employment market. You name it; they are controlling it or want to.

Arizona is just trying to enforce Federal Law, and states have the right to enforce laws that endanger their state, yet the FEDS now plan to go after them. Most Americans are IN FAVOR of stopping illegal immigration, yet the government does nothing. In 1986, Reagan made 3 million illegal aliens legal. At that moment there were NO illegals. The promise was to from then on  control the problem. Now 24 years later, we have 20 million illegals and still growing and the promise was never kept. What is it about “illegal” that is hard to understand?
Illegal IS illegal.

History has proven it time and time again. Porous borders lead to infiltration and eventually destruction of a civilization. And don’t give me that bull about doing jobs we won’t do. That’s part of the problem. Put those on welfare DOING those jobs or pull their welfare. Period.

The strain illegals put on our nation is immense. Estimates range from 10 billion to 50 billion in costs due to the problem. And still no resolution. Just more “compassion”, more talk and more crossings every day. Racial profiling? I don’t really care. I get stopped late at night because they think I might be partying. So what? I am not. They stop me at sobriety check points. Is that legal? Of course not, but they do it anyway. With Obama’s health care plan they can now bust down my door to check for my health insurance card. And I am here legally!
So they can harass me, a tax paying citizen of this nation and ask for my health insurance card but they cant stop an illegal?

Give me a break. If they stop you because you look illegal, too damn bad. Its happening to all of us, legal or not. That’s the world we are in. Strengthen the borders and maybe such laws would not be needed. That’s the better solution. But with the sieve we now call a border, other means are necessary and its just too damn bad.
Unfortunate yes, but necessary none the less. Enough of this. Fix the problem or force states to do it themselves. Or how about just obeying the Constitution and secure the borders and search NO ONE.

Meanwhile immoral behavior and “tolerance” permeate our society. Millions now live on the dole. Our military is everywhere. Social programs expand ever more. The banksters control the government while most of the politicians are on the take. Now Obama wants to force business to give one hour of sick leave for every 30 hours work. It never ends. Just read the papers. It’s incredible. And it is what destroys civilization, destroyed Rome and will probably destroy or at least kick us down a few notches in the coming decades.

When a society begins to embrace Socialism under the guise of compassion, demoralization under the guise of taxation, immoralization under the guise of tolerance, militarization under the guise of anti- terrorism, infiltration under the guise of acceptance, and indifference under the guise of hopelessness, it begins to decay within. Infected by do-gooders and the economically ignorant, who know no solutions other then to throw money around, hoping enough won’t be wasted so as to get to someone who might actually be honest and hardworking and use it to get a leg up.

Instead it incentivizes people to stay home, have more kids to get more welfare money, hang around in parks, engage in criminality, foolishness, drug use, laziness, uselessness and other unfortunate behavior which then fosters more of the same. We’ve become a nation of freeloaders, debtors, complainers, socialists, fools, entitlists and military oppressors run by facists, banksters, immorals, crooks and socialists.

Just look at the new law a city is enacting to forbid McDonalds from including toys in Happy Meals because they entice kids to eat these high fat meals. Look, I am NO FAN of McDonald’s foods, but please. Entice kids to buy these meals? WHERE ARE THE FRIGGIN PARENTS?! These kids can’t buy these meals without the parents! Do we have to have the Government enforce what our kids eat? WHERE ARE THE FRIGGIN PARENTS?!

Mark my words. Your freedoms are being trounced. Your country is being stolen by the Maxine Waters and Nancy Pelosi’s of the world.
As we slip into being the largest debtor in the world, the most bailouts in the world, the most manipulated markets in the world, the most military oppressor on the planet, the most dependent society in the world, you are witnessing the fall of Rome in slow motion. The founding father must be rolling over in their graves. It’s disgusting.

What to do:
You can’t change the whole world but we can TRY and stop this madness one street at a time. Fight against any and all bailouts, all but the most basic of social programs, taxes, bonds, unemployment benefits, sick leave, minimum wage laws, government interventions, fees, intrusions, and bigger government. Insist on tight borders, privatization of any and all things, less government control, more individual freedoms, more of YOU.

Talk to others, write letters, tune into programs that speak the truth, know the truth, educate yourself, buy and support LOCAL!

Don’t send your money to Wall Street, grow gardens, make alliances, get gold, silver, arm yourself, stay healthy, find God (HE does exist-don’t be a fool and think you were made from monkeys.. PLEAEEASE!) Even Albert Einstein believed in God because he said the mathematical chances of us appearing any other way was considered to great to be possible.  Also stay involved. Complacency breeds tyranny’s triumph.

You have my permission to copy and distribute any and all MONEY MATTERS SHOWS and NEWSCASTS. (Not the written portfolios however).

Protect your money, your finances, your retirement, your family and friends.

Keep reading this newsletter for how to handle your money or contact me if you would like to have a sit down.  

Holdings:
You should have bought into TBT when it hit 45 yesterday. Gamblers can sell today for a quick profit. Long term holders continue to buy at 46 or below for interest rate protection.

Natural Gas was slowly rising but had another big setback today. Gamblers can take option positions on this latest pullback. I took July 7 calls for .65 each. Looking for any pop to 7.5 or so. Long term holders no change.

Gold and Silver is rising with conviction albeit slowly. As I said during the last 2 months, it is looking strong and seems to have worked though its correction for now. Add physical always.

No changes in any other holdings. You should NOT be holding any EURO or YEN. Greece’s contagion is spreading as we warned. Their problems are now bleeding into Portugal, Italy, Spain and others. Like we said in our latest newscast and UNION article, the Euro experiment has many hurdles to overcome and I would not be surprised to see real problems materialize in the months to come. It could actually blow apart. Watch Europe. It could be the next “event” to start the landslide.

Finally, do you want to see a great minute long only video on our debt and Obama's plan to trim it by 100 million? Check this great video out sent in by a listener:

http://www.wimp.com/budgetcuts/

T SHIRTS on the site now! Check them out!

All for now,
Marc