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New update today! Money class next friday, show next Thursday! 4/26/2013
See the level of toxic debt and Treasuries now at the Federal Reserve- The bailout in graph form. Note the "asset purchase spike" in 2009. This money mostly went to the mega banks so they can post a profit which they did and paid bonuses as a result adding up to billions.
Hi and welcome all new subscribers!
Thanks for supporting KVMR!
First off here is the location and date of our MONEY CLASS.
Alta Sierra Pizza, May 3rd, Friday. 11.15 check in and ends at about 2:30 pm, all you need is a note book.
Here is the address:
15690 Johnson Place Grass Valley, CA 95949
It is right off highway 49 and you can see it from the road.
You can now just walk in next Friday and pay on the spot!
Cost is $199.00 and add a spouse for 75.00.
We cover stocks, investing, dividend paying stocks with list, gold, silver, markets, real estate, social security, banks and much more! Come on in and have some fun and learn what you need to know to watch and protect your money. You can email us also to reserve you a spot right now at moneymatters@kvmr.org.
On to the markets:
Euro problems persist with Spain now saying it can’t meet its austerity targets. No surprise. Cutbacks are impossible without pain and these guys won’t settle for pain. Its too…..well… painful.
Look for more Euro nations to say they cannot cut back as promised due to the economic pain. Like a spouse saying cutting up credit cards is too painful. You get the idea.
Meanwhile “sequestration” cuts are being felt a bit. Remember its only 85 to 100 billion in cuts a year while the Federal Reserve prints up 85 billion a MONTH. Let us put things in perspective here.
The debt ceiling debate is also coming. They kicked the January deadline down the road to summer/fall 2013 so we wait. The Federal Reserve has come out and now says it may not stop the money printing at the end of the year after all (can you believe these guys?) I said on the show and newscasts repeatedly they can never stop and to say otherwise is just a downright fabrication or wishful imagination. Now they confirm what we said many times. “It wont be enough” and they can never stop.
The markets meandered close to 15000 but never hit it. Now it’s stuck in go nowhere ville and with summer coming, we have to beware. Summer and fall is usually not too kind to stocks. Remember the old saying “sell in May and go away”.
Oil fell hard in the last few weeks. Gold and silver fell even harder getting rocked in two brutal sell offs. Rumors have 2 big mega banks dumping “paper gold” contracts to the tune of 400 tons. (2 years or more of supply).
With such a brutal sell off, most did not expect such a quick and hard bounce but bounce it did. Reports of lines of buyers for the physical metal (coins and bars) attests to the discrepancy of the paper market versus the real market. The paper market is just that, paper. Had the rumored dumpers of the paper contracts try to get 400 tons of gold to sell, it would not have happened. They don’t have it. That is why they trade paper. They do not have the real stuff.
Because gold and silver is insurance and I have always been very clear on that, I do not fret that it fell. Those that panic at a fall like that probably own it for the wrong reasons. It is only to be held for a monetary implosion. If you own gold stocks or paper gold, you are now speculating. I would not hesitate to start adding both paper and physical here but realize it could go LOWER so go in over time and easy. Look at Newmont Mining now paying 5 % in dividends due to the lower price. There are many others. I like GGN (Gamco Gold Fund) for a healthy 13 % dividend now at its lower price.
Dividend stocks on my Super Payers list (See website to get a copy) moved up nicely in the last few months as all stocks did. You can add slowly over time if you think you would like some income but I stick to only the names you recognize and they are the first few dozen on my list.
Swiss annuities are now open to US citizens again and I can send you a book. They are paying nicely and I just got another “savings certificate’ telling me I earned a few more grand just by sitting in them! Ditto for all who hold them.
With the Cypress fiasco, now more than ever do I advocate checking offshore safe havens for a portion of funds.
Remember they closed them to US citizens for awhile and now they are open but for how long I don’t know. The window will probably shut again so don’t delay!
Bank accounts in Canada are easy to set up. Owning real estate offshore is also fairly easy. High net worth people email me for other offshore strategies.
Any realtors out there that want to deal with a pain in --- like me and make some half prices offers on lots around the county? Email me but beware, the offers will be low.
All for now, but sit tight. I think we are due for a June Swoon in the markets.
Those on low incomes, work overtime and save your money. If you have less then 20 grand or so to your name, seek out a savings account near you and park it for now. For a high yielding checking account offer, email me for a link to it.
No new EVERBANK market safe Cd’s available but stay tuned.
There is a MONEY MATTERS SHOW this Thursday May 2nd, at noon PST on KVMR FM entitled “What is next, what to do”.
Marc
