Tuesday, July 15, 2008

LawnMan Financial Adviser?

My children and I have a sort of joke when it comes to the financial world and Gold and Silver and just all around economics: "The Lets call the lawn Guy".

How is it that the gurus at the Big Firms in town can be so terribly , deliberately BLIND when it comes to the inflation problems and Bank problems until just the day before or the day after an implosion or collapse and yet the average guy on the street, with no education in financial matters can figure out that something has been wrong for a very long time?

Paulson, BerNecktie and the financial parrots on FOX CNBC and the other " Fair and Balanced mainstream news reporting groups are circling the wagons and telling everyone that there are no real problems at MAY and MAC and that the so called banking problems are rumor driven only... MEAN WHILE back at the bat cave more and more banks are going under. FDIC can not cover the losses and MAC and MAY are for all other accounts insolvent.

HINT: When ever the talking heads are telling you NOT TO WORRY and that there is no need to PULL YOUR MONEY out of the BANK.... it is time to wake up early and go and get all your money out of the bank. Do the opposite that they say. Push come to shove and they manage to get back on the feet HAHAHAHAHAH, you can always put your money back, If however they are telling "NOT TRUTHS" again and you wait you will simply be waiting in line for an FDIC promise. If you have any REAL cash in the bank ( Over 100,00 or in special cases 250K jointly) you are simply a FOOL to keep that cash without even the glimmer of a hope for FDIC help in jeopardy.

THE FULL FAITH and CREDIT of the US Government will back up MAY and MAC? Sure they will. and who will they borrow the money from in order to do that when the banks are folding up and the FED has spent all its extra FRNS gobbling up half the mortgages in the country?

OH sure the Federal Government can simply PRINT the extra they need and then give it to the Federal Reserve and borrow it back at interest to do the job, or the Federal Reserve could just push congress to give them even more power and some how become the BEAST without whom you can not buy or sell.

MEANWHILE out in the yard.... We have been telling you for YEARS to get out of the so called financial institutions and become self sufficient, The gurus said buy Stocks and Bonds and get that whopping 3.5%, or in the case of Stocks, just a straight scrubbing. While we have said buy Gold and Silver, Keep you cash on hand ( Not in Banks) and prepare for the very thing you see happening around you right now.
The Dollar has hit yet again a record LOW against the Euro

"July 15 (Bloomberg) -- The dollar declined to a record low against the euro on speculation Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson will say credit- market losses are hurting U.S. economic growth.
The currency also weakened to the lowest level in more than a month against the Japanese yen and to a 25-year low versus the Australian dollar on concern confidence in the debt of Fannie Mae and Freddie Mac will wane even after the U.S. government pledged support for the two-largest buyers of home loans. The pound surpassed $2 for the first time since July 1 after U.K. inflation quickened to the fastest pace in at least 11 years.
``The markets are reacting negatively to the renewed credit crisis in the U.S. and that's hurting the dollar across the board,'' said Roberto Mialich, a Milan-based currency strategist at Unicredit Markets & Investment Banking, a unit of Italy's largest lender. ``The market is speculating that Bernanke will offer a gloomy outlook for the U.S. economy.''
The dollar declined to $1.6038 per euro, the lowest since the euros inception in 1999,"

Gold is at over 980 and Silver over 19.40 and the stock markets around the world are in a tumble.. RUMERS? Come on BerNecktie and Paulson you can do better then that.

"U.S. producer prices increased 8.7 percent from a year earlier in June, "

IMHO The only way to make the Dollar look good and the American economy to not look do bad is to SINK a few other economies out there. Tank the Australian or the Euro economy. Bring Briton to her knees cause an accident or another 911 type distraction.

Will the Market go below 11k today? Funny thing is it already has if you think about it in Dollar FRN spending value in fact when you figure it that way and after taxes when cashed out the Stock market tanked well below 5K a long time ago..

What are you waiting for?

0 comments: