Monthly Archives: December 2008

Is Now The Time To Buy Real Estate?

foreclosures

I wish I had a dollar for every time I heard someone say:

“Now is the time to BUY!”

when it comes to a discussion on the real estate market. Suddenly, everyone is a contrarian. At least, they think they are contrarians!

Fortune magazine just published their list of the 10 worst real estate markets for 2009. Not surprisingly, 8 of the 10 are in California. The important point here is that Fortune, not known for going out on a limb, is predicting that some markets in will fall as much as 25% just in 2009!

This doesn’t bode well for U.S. real estate.

What also doesn’t bode well is the fact that Option ARM loans are set to start resetting in Q1 of 09- meaning foreclosures are about to go through the roof.

So the armchair cocktail party real estate market experts are getting it wrong again. There is no “blood in the streets” yet, foreclosers are just getting started, and we certainly haven’t hit bottom anywhere in the country at this point!

My advice to anyone looking to buy property (especially in CA) is to wait a year. 2010 won’t be good either, but at least by that point the shakeout from the credit crisis and option ARM reset disaster will be nearing an end.

Hold on to your hats (and your gold)!

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Peter Schiff vs. a Manchild

For some comic relief courtesy of the lamestream media, Schiff goes up against a clown on the auto bailouts and the cause of the Great Depression. I personally think the government needs to do a better job hiring their operatives for interviews like this! Leeb comes across as a child who lets his emotions do the talking.

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Like I was saying, where’s MY bailout??

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Money Rules the World

money_stocks

I was reading my Richard Russell newsletter this morning (www.dowtheoryletters.com), and he quoted a synopsis of an article that I found interesting:

Human Freedom Rests on Gold Redeemable Money
by Hon. Howard Buffett
U.S. Congressman from Nebraska

Reprinted from The Commercial and Financial Chronicle 5/6/48

    “Congressman Buffett stresses relation between money and freedom and contends without a redeemable currency, individual’s freedom to sustain himself or move his property is dependent on goodwill of politicians. Says paper money systems generally collapse and result in economic chaos. Points out gold standard would restrict government spending and give people greater power over public purse. Holds present is propitious time to restore gold standard.”

“Is there a connection between Human Freedom and A Gold Redeemable Money? At first glance it would seem that money belongs to the world of economics and human freedom to the political sphere.

“But when you recall that one of the first moves by Lenin, Mussolini and Hitler was to outlaw individual ownership of gold, you begin to sense that there may be some connection between money, redeemable in gold, and the rare prize known as human liberty. You see, gold is mobility, gold is a passport to move across borders.

“Also, when you find that Lenin declared and demonstrated that a sure way to overturn the existing social order and bring about communism was by printing press paper money, then again you are impressed with the possibility of a relationship between a gold-backed money and human freedom.

“In that case then certainly you and I as Americans should know the connection. We must find it even if money is a difficult and tricky subject. I suppose that if most people were asked for their views on money the almost universal answer would be that they didn’t have enough of it.

“In a free country the monetary unit rests upon a fixed foundation of gold or gold and silver independent of the ruling politicians. Our dollar was that kind of money before 1933. Under that system paper currency is redeemable for a certain weight of gold, at the free option and choice of the holder of paper money.”

Ron Paul was not the first to speak the truth about money and enslavement in congress. This goes to show that even in the early days of the U.S. government taking the dollar off the gold standard, there were a few sober voices of reason who knew that  giving control of the money supply to any one group of people would be a recipe for an unfree society.

At some point in the next few years, the dollar is going to collapse and end up being worth nothing at all. The cameras at that point will turn to the politicians for a “solution”. Is it likely that the politicians will opt for a reasonable and logical solution, like a gold-backed currency? This would mean giving the people more freedom and taking away a lot of their power.

More likely, they will try to push a new currency, like the commonly discussed Amero on is. But the new currency will be the same as the old currency. This Amero introduction may keep the sheeple asleep temporarily, but as it will be fake money just like the dollar, it will have no effect on the sustainability of our system or the inevitability of the value of gold skyrocketing.

Eventually- and this could be a long way off in the future, or merely a few years- reality will win out, and we will be forced to exchange real money for our goods and services. This will result in the U.S. government not being able to wage war when it feels like it- basically the fall of the empire.

Once there is no longer the capability to print money out of thin air, sanity will return. We will not be arguing about war or government welfare programs because there will literally be no money for them, not even the phony money that is currently used to prop them up right now.

Why is it that the government does pretty much whatever it wants?

Why is it that over 90% of the American public was against the bailouts, but congress ignored this and passed the money on anyway?

It all simply comes down to one thing: unlimited ability to print money by the authoritarian sociopaths that call themselves our leaders. This is the enslavement that we live under.

We are living through extraordinary times. We will someday look back at these times, amazed at the foolishness people believed in, the propaganda that was swallowed by the masses, and how an entire generation lost the ability to reason and process logical concepts like the fact that only a system based on real money such as gold and silver will give the greatest amount of opportunities to the greatest number of people.

The best way to get around the system as it stands right now is to start trading in your fake money for gold and silver. Since physical metals are in short supply, a great alternative is to set up an account at goldmoney.com.

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The Reason Why The Dollar Rally is Phony, and Why The Government Is Out Of Control

The dollar has been rallying the past few months and pushing down the price of precious metals across the board.

Should we think that this dollar rally will continue much longer? Is there any reason to think this rally is sustainable?

No.

The dollar rally is being caused by hedge funds selling everthing and running to “safety”. The dollar is by no means safe, but right now, that’s there’s no choice for these funds but to run to dollars. At some point, all the selling will end, and there will be a rush into real money, and that real money is GOLD.

If you want to know how this will all go down, just turn on the TV and tune in to any major network. Watch the financial show if you can stomach it. They will debate all this nonsense like bailouts and paying for all these government programs. $3 trillion here, 5 trilion there, another 800 billion over there…it’s all so nonchalant on these shows.

But very few in the mainstream (Peter Schiff being a rare exeption) are addressing the elephant in the room. The government HAS NO MONEY! The government must steal money from people to dish out to all these groups (like the banks and the auto companies). Putting aside the morality of this for a minute, how much sense does it even make as a fiscal policy to begin with?

Honestly, if the banks and the autos are getting bailed out with stolen funds, what about everyone else?

I run an internet business selling guides and DVDs on swim training. What if my business starts to slide? Shouldn’t I get some bailout money too, under these principles?

If bailouts are the answer in one arena, they have to be the answer in all arenas.

“What about all the lost jobs?? You certainly don’t want millions unemployed if the car companies go belly up!” cry the pundits.

Again, if this is about unemployment, the government should just bail out any struggling company that has employees!

For example, I employ a designer, a developer, an administrative assistant, and a fulfillment person. If I go under, that’s 4 jobs lost. Why are these people’s jobs less imporant than auto workers? Are auto workers somehow irreplacable?

The government’s actions are going to make this recession far worse- the Great Depression will be a cake walk when compared to what’s coming in the next few years.

I recommend getting gold, and getting it now. Goldmoney is the best place I know where you can buy gold, and you don’t need a ton of money to get an account.

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Schiff Analogies

These are spot on.

We are seeing the falling of the empire, the crumbling of the economy, and the destruction of the dollar. The government and federal reserve know nothing about economics.

It doesn’t take a rocket scientist to figure this out. Schiff puts it in a way that everyone can understand. Bailouts and printing money are robbery of the American people. Turn off these morons on CNBC and the mainstream media and subscribe to Peter Schiff’s podcast and videos if you want to know what’s going on.

“the problem is our pilot and our co-pilot, Bernanke and Paulsen, don’t know how to fly, I mean they’re blind, they’re drunk. You know, they’re gonna crash this plane even faster!”- P Schiff

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