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Oh Boy! 2 More Announcements Coming! More Bailouts and Stimulus! Update Sept 6, 2010
Marc’s Notes:
Well it didn’t take long for Washington to announce 2 new free money programs did it. Rumor has it tomorrow Obama will announce a 50 Billion dollar infrastructure program. I know a lot of you will support this but this is just more money printing. Sure, we may deserve new roads, sewers, bridges and the like but this is not our money we are spending, it is our children’s.
(Listen to Money Matters show #13, “Our Children’s Money”).
This is like everything else we spend money on because we think we somehow deserve these entitlements. Sure, everyone would like a chicken in every pot, a new house, better schools and new roads, but we don’t have the money.
To build these things now we have to borrow the money from our children.
But are we asking them? No!
Are we deciding for them? Yes.
Are giving them a choice? No!
Gosh darn, we may need these things but it’s not our money to spend, its theirs. We spent all ours.
Where?
I don’t know, look around. What ever we spent it on is unimportant. The fact remains we have to borrow all this money we are spending including the 50 billion Obama is going to announce tomorrow.
Our children will be the ones to pay it off. Them and their children. What gives us the right to enslave them to paying off all these billions just because we think we need these things? Let them decide how to spend their money. It’s their money for gosh sakes, let them spend it!
And for an encore, another housing program will be also likely be announced tomorrow. A mortgage write down program using another 26 billion which will reduce the principal mortgage balance for people whose house is under water equity wise.
Another 26 billion of our children’s money. This “reduction of principal” program is exactly what I said was coming for the last year and a half. This is ludicrous. How many more programs are these guys going to try? They will package this up under the term “stimulus” and say these programs will allow people to stay in their homes and make our nation’s infrastructure stronger, but the point is THIS IS NOT OUR MONEY TO SPEND AND WE HAVE NO RIGHT TO SPEND IT. How would you like it if someone came and took your bank account and said they were going to spend it to build THEMSELVES new roads or better public bathrooms?
Simply put, you and I and us and them have NO RIGHT to spend the next generations money no matter what the cause. If we want better roads, maybe we shouldn’t have bought so many flat screen TV’s and SUV’s and bought roads instead. But that’s not what we elected to do. We decided to splurge and live the good life and now we look around and see old roads and since we blew our money we let Obama spend somebody else’s.
Mainly our children’s and their children’s and their children’s. Yeah, that’s right, let my children pay for somebody who bought too big of a house and now can’t make the payment. Let my children pay for new bridges in Las Vegas because the cities inhabitants fell for a housing bubble and now need help.
Let me ask, if housing did keep going up and these people made money on these houses, would they have given the money back?
Would they have spent in on new public schools and roads?
Of course not. This was a heads they win, tails we lose deal. They would have kept the profits but since they lost, we get stuck (actually our children) with their mortgage.
Its theft Mr. OBAMA and you Congressmen and Women.
Plain theft and its un-American and immoral. To make matters worse, the waste in these government programs will be massive, we all know that. And in the end, the economy will slip back down again and then we will have even MORE DEBT. I suppose the markets will love it come Tuesday and go up again. Its kind of ironic as I write this on LABOR DAY as all this money taken from our children will mean they definitely will labor and for more then a day, that’s for sure.
I believe more and more that gold and silver will really be the last currency standing with all this out of control money creation. Like last weeks show detailed, the more we print, the more they (other countries) print.
(By the way, this show should be up on my website in a week so you can listen. It was a VERY POPULAR SHOW).
The stock market is one rigged and hyped up fraud now so I have little faith in it. I maintain my dividend payers and my commodities positions but calling stock market movements is fast becoming impossible. That being said, if the market does not crash by December, I will be recommending we SELL most of our contrary funds as INFLATION will be the new game in town and that will drive our markets skyward with everything else. We will wait to see if nature will have her way with the markets this fall however so for now, hold them.
I firmly believe in foreign currencies, offshore accounts (see Swiss Annuities), buying offshore real estate (no US real estate), holding energy stocks and ETFS, (think Natural Gas and Oil Stocks) and if buying stocks, buy only the dividend payers on my Super Dividend Payers list, and if buying right now, I would limit those to only buying the monster stocks in that list like PFIZER, VERIZON, KIMBERLY CLARK, ALTRIA and the other 16 listed first on that list. These companies are HUGE and will go down in a market crash but probably not as bad as most other stocks because of their size.
Hold gold and silver in your possession (bank safe deposit box) and look for every avenue you can to diversify your money. Hold few if any mutual funds or stocks that don’t pay at least 4 % dividends (there’s no point) and keep most of your money in FDIC or other US GOVT insured accounts. (Not Money Market funds if you can help it).
Here is a list of the most recent and highest paying bank CD ‘s from Bank Rate.COM .
http://www.bankrate.com/funnel/cd-investments/cd-investment-results.aspx?local=false&tab=CDs&prods=15&ec_id=YSM_AG_HV_CDrates_YSM_BRM_ky_Advanced_k_cd_rate
No show this week but stay tuned for newscasts, updated website material and new issues of this newsletter now that fall is in full swing.
Invest in your body. I got a massage from a KVMR volunteer which was exquisite. She has suspended poles from the ceiling allowing her to use her feet on your back, but with tolerable weight for those sensitive types, or more weight if you’re like me and like the bones to crack. Here is her information. She is offering a special for us. She helps with our station so let’s help her back and yours while your at it!
Twin Soles Ashiatsu massage: Ashi (foot) Atsu (pressure). A unique form of Deep Tissue massage. Leia uses overhead bars for balance while providing a deep yet luxurious massage with her feet. Excellent for addressing spinal compression, chronic back pain and over all circulation, health & wellness. Monthly discounts for those who want to include massage as part of health maintenance. First time introductory rate $39 Leia Farrell CMT 202 N Pine Street Nevada City call for appointment 530 262 1335 www.twinsoles.com ~ leia@twinsoles.com.
Write your Congressmen and woman and all your representatives to tell them quit spending our children’s money on government boondoggles and bailouts and lets all go out and do the jobs they say Americans wont do. Lets work hard and EARN the money for what we need, not just charge it on somebody else’s card.
All for now,
marc
Well it didn’t take long for Washington to announce 2 new free money programs did it. Rumor has it tomorrow Obama will announce a 50 Billion dollar infrastructure program. I know a lot of you will support this but this is just more money printing. Sure, we may deserve new roads, sewers, bridges and the like but this is not our money we are spending, it is our children’s.
(Listen to Money Matters show #13, “Our Children’s Money”).
This is like everything else we spend money on because we think we somehow deserve these entitlements. Sure, everyone would like a chicken in every pot, a new house, better schools and new roads, but we don’t have the money.
To build these things now we have to borrow the money from our children.
But are we asking them? No!
Are we deciding for them? Yes.
Are giving them a choice? No!
Gosh darn, we may need these things but it’s not our money to spend, its theirs. We spent all ours.
Where?
I don’t know, look around. What ever we spent it on is unimportant. The fact remains we have to borrow all this money we are spending including the 50 billion Obama is going to announce tomorrow.
Our children will be the ones to pay it off. Them and their children. What gives us the right to enslave them to paying off all these billions just because we think we need these things? Let them decide how to spend their money. It’s their money for gosh sakes, let them spend it!
And for an encore, another housing program will be also likely be announced tomorrow. A mortgage write down program using another 26 billion which will reduce the principal mortgage balance for people whose house is under water equity wise.
Another 26 billion of our children’s money. This “reduction of principal” program is exactly what I said was coming for the last year and a half. This is ludicrous. How many more programs are these guys going to try? They will package this up under the term “stimulus” and say these programs will allow people to stay in their homes and make our nation’s infrastructure stronger, but the point is THIS IS NOT OUR MONEY TO SPEND AND WE HAVE NO RIGHT TO SPEND IT. How would you like it if someone came and took your bank account and said they were going to spend it to build THEMSELVES new roads or better public bathrooms?
Simply put, you and I and us and them have NO RIGHT to spend the next generations money no matter what the cause. If we want better roads, maybe we shouldn’t have bought so many flat screen TV’s and SUV’s and bought roads instead. But that’s not what we elected to do. We decided to splurge and live the good life and now we look around and see old roads and since we blew our money we let Obama spend somebody else’s.
Mainly our children’s and their children’s and their children’s. Yeah, that’s right, let my children pay for somebody who bought too big of a house and now can’t make the payment. Let my children pay for new bridges in Las Vegas because the cities inhabitants fell for a housing bubble and now need help.
Let me ask, if housing did keep going up and these people made money on these houses, would they have given the money back?
Would they have spent in on new public schools and roads?
Of course not. This was a heads they win, tails we lose deal. They would have kept the profits but since they lost, we get stuck (actually our children) with their mortgage.
Its theft Mr. OBAMA and you Congressmen and Women.
Plain theft and its un-American and immoral. To make matters worse, the waste in these government programs will be massive, we all know that. And in the end, the economy will slip back down again and then we will have even MORE DEBT. I suppose the markets will love it come Tuesday and go up again. Its kind of ironic as I write this on LABOR DAY as all this money taken from our children will mean they definitely will labor and for more then a day, that’s for sure.
I believe more and more that gold and silver will really be the last currency standing with all this out of control money creation. Like last weeks show detailed, the more we print, the more they (other countries) print.
(By the way, this show should be up on my website in a week so you can listen. It was a VERY POPULAR SHOW).
The stock market is one rigged and hyped up fraud now so I have little faith in it. I maintain my dividend payers and my commodities positions but calling stock market movements is fast becoming impossible. That being said, if the market does not crash by December, I will be recommending we SELL most of our contrary funds as INFLATION will be the new game in town and that will drive our markets skyward with everything else. We will wait to see if nature will have her way with the markets this fall however so for now, hold them.
I firmly believe in foreign currencies, offshore accounts (see Swiss Annuities), buying offshore real estate (no US real estate), holding energy stocks and ETFS, (think Natural Gas and Oil Stocks) and if buying stocks, buy only the dividend payers on my Super Dividend Payers list, and if buying right now, I would limit those to only buying the monster stocks in that list like PFIZER, VERIZON, KIMBERLY CLARK, ALTRIA and the other 16 listed first on that list. These companies are HUGE and will go down in a market crash but probably not as bad as most other stocks because of their size.
Hold gold and silver in your possession (bank safe deposit box) and look for every avenue you can to diversify your money. Hold few if any mutual funds or stocks that don’t pay at least 4 % dividends (there’s no point) and keep most of your money in FDIC or other US GOVT insured accounts. (Not Money Market funds if you can help it).
Here is a list of the most recent and highest paying bank CD ‘s from Bank Rate.COM .
http://www.bankrate.com/funnel/cd-investments/cd-investment-results.aspx?local=false&tab=CDs&prods=15&ec_id=YSM_AG_HV_CDrates_YSM_BRM_ky_Advanced_k_cd_rate
No show this week but stay tuned for newscasts, updated website material and new issues of this newsletter now that fall is in full swing.
Invest in your body. I got a massage from a KVMR volunteer which was exquisite. She has suspended poles from the ceiling allowing her to use her feet on your back, but with tolerable weight for those sensitive types, or more weight if you’re like me and like the bones to crack. Here is her information. She is offering a special for us. She helps with our station so let’s help her back and yours while your at it!
Twin Soles Ashiatsu massage: Ashi (foot) Atsu (pressure). A unique form of Deep Tissue massage. Leia uses overhead bars for balance while providing a deep yet luxurious massage with her feet. Excellent for addressing spinal compression, chronic back pain and over all circulation, health & wellness. Monthly discounts for those who want to include massage as part of health maintenance. First time introductory rate $39 Leia Farrell CMT 202 N Pine Street Nevada City call for appointment 530 262 1335 www.twinsoles.com ~ leia@twinsoles.com.
Write your Congressmen and woman and all your representatives to tell them quit spending our children’s money on government boondoggles and bailouts and lets all go out and do the jobs they say Americans wont do. Lets work hard and EARN the money for what we need, not just charge it on somebody else’s card.
All for now,
marc
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