Monday, March 9, 2009
Friday, March 6, 2009
To All my friends...a personal message from me
Last week I called my grandma's investor.....over time I have been very worried about all of her money being in the stock market. She has been living off of a fixed income of 2,000 a month.
When I spoke to her investor...a man I have known since I was 5....he assured me that she would have enough money to last her another 10 - 20 years.....I wasn't quite sure how that was going to be possible if the stock market continued to drop. Not only that but my mother had already informed me that she had already lost about half of what she originally had in there...
So I received a message from my mom this morning. She called to let me know that my grandma's investor took ALL of his people's investments out of the stock market....They are meeting with him this morning, so I will have more information later..
What happened between last week and today, I have no idea...besides the continuing drop in the stock market...why would he tell me that a week ago...then to pull out all of his investor's money!!
Apparently he was also trying to get ahold of Jan Brewer too. AZ's govenor.
UPDATE:
My mom and grandma have now met with the investor, and he said that it was LAST week that he pulled everyone's money out.
REASON: He started doing research on the last time the stock market dropped at this rate, and he said that based on what happened when the depression hit, it would be best to take everyone's money out...He said do not put it in money market's or anything..he said just keep it in your savings....
I am not sure how safe that will be anymore either...the FDIC the people who supposedly insure our money in our savings up to 100,000 dollars actually I think it is 250,000 now...has recently borrowed money from the government to have a line of credit of 100 billion dollars to give people their money back when their bank closes....there were 25 bank closures last year that had brought their funds down to 18.9 billion in the 4th quarter....They are trying to get the credit line up to 500 billion...why is this...do they see many more banks closing in the near future?!?!? http://www.bloomberg.com/apps/news?pid=20601103&sid=aGewvZuHR3dk&refer=news
There have already been 16 banks that have closed this year so far: http://www.fdic.gov/bank/individual/failed/banklist.html
If you have not taken your money out please do so.....get back in when you see it constantly going back up...it will be safer that way..
I feel in the deepest part of my gut that there are going to be rough times ahead...my suggestion to all my friends is that they buy as much food storage as they can afford...This is effecting people....so many people...people close to me, and I am sure it is happening to people close to you...
The most valuable thing you can have is food and water....please prepare yourself. Financially, Mentally, Physically, and Emotionally...I am always here if anyone ever needs to talk.
This ad is being issued on the radio all the time: issued by HOME LAND SECURITY
www.ready.gov
Another helpful site:
www.beprepared.com
When I spoke to her investor...a man I have known since I was 5....he assured me that she would have enough money to last her another 10 - 20 years.....I wasn't quite sure how that was going to be possible if the stock market continued to drop. Not only that but my mother had already informed me that she had already lost about half of what she originally had in there...
So I received a message from my mom this morning. She called to let me know that my grandma's investor took ALL of his people's investments out of the stock market....They are meeting with him this morning, so I will have more information later..
What happened between last week and today, I have no idea...besides the continuing drop in the stock market...why would he tell me that a week ago...then to pull out all of his investor's money!!
Apparently he was also trying to get ahold of Jan Brewer too. AZ's govenor.
UPDATE:
My mom and grandma have now met with the investor, and he said that it was LAST week that he pulled everyone's money out.
REASON: He started doing research on the last time the stock market dropped at this rate, and he said that based on what happened when the depression hit, it would be best to take everyone's money out...He said do not put it in money market's or anything..he said just keep it in your savings....
I am not sure how safe that will be anymore either...the FDIC the people who supposedly insure our money in our savings up to 100,000 dollars actually I think it is 250,000 now...has recently borrowed money from the government to have a line of credit of 100 billion dollars to give people their money back when their bank closes....there were 25 bank closures last year that had brought their funds down to 18.9 billion in the 4th quarter....They are trying to get the credit line up to 500 billion...why is this...do they see many more banks closing in the near future?!?!? http://www.bloomberg.com/apps/news?pid=20601103&sid=aGewvZuHR3dk&refer=news
There have already been 16 banks that have closed this year so far: http://www.fdic.gov/bank/individual/failed/banklist.html
If you have not taken your money out please do so.....get back in when you see it constantly going back up...it will be safer that way..
I feel in the deepest part of my gut that there are going to be rough times ahead...my suggestion to all my friends is that they buy as much food storage as they can afford...This is effecting people....so many people...people close to me, and I am sure it is happening to people close to you...
The most valuable thing you can have is food and water....please prepare yourself. Financially, Mentally, Physically, and Emotionally...I am always here if anyone ever needs to talk.
This ad is being issued on the radio all the time: issued by HOME LAND SECURITY
www.ready.gov
Another helpful site:
www.beprepared.com
Tuesday, March 3, 2009
Ron Paul the Stoner ;)
This video is from the first Episode of this season's Bill Maher show. He interviewed Ron Paul, it is hilarious!
Is Spending the Answer????
Is Spending the Answer?
by Congressman Ron Paul
This week, Congress and the administration once again showed their lack of economic understanding, as they ramped up spending to record levels. On the surface, maybe it does look to some like the economic crisis is a liquidity problem, that the economy is in trouble because money is not changing hands at the pace it once did in the boom years. They believe that to get back to a booming economy money needs to start changing hands again – and the quickest way to do this is for the federal government to massively expand spending to pump new money into the system. If this is the extent of their understanding, no wonder they call for spending, taxing, bailouts and inflation.
If spending was the solution, we never would have had a problem. During the last eight years, we’ve blown up the size of government and certainly had no want of spending on foreign or domestic policy. The Bush administration increased spending almost 20% its first term, and nearly doubled the national debt by the end of the second term. Certainly the case cannot be made that lack of government spending created the problem or can be the solution.
This is mirrored in American households. According to CNN private sector debt is 365% of private sector gross domestic product. Many relied simply on steady and continued increase in home values to enable spending and secure more debt. That trend has proven unsustainable and many Americans are adjusting their finances accordingly. For the first time, household debt is beginning to fall as consumers wake up to the realities of paying off debt and living within their means.
Wouldn’t it be great if the government would do the same?
A lot of capital and liquidity is out there waiting in the wings as the new administration is bringing about government uncertainty, a concept discussed by Robert Higgs as prolonging the Great Depression. In other words, it is a foregone conclusion that government will act. But, like a chicken with its head cut off, no one knows which way it will run, just that it will flail about wildly until it collapses.
Why start a business, when businesses could face the brunt of an increase in future taxation? Similarly, why hire a new employee if tax policy will just force you to fire them later on to stay afloat? Why buy a house, when you have no idea how future government meddling in the housing market will affect its value? Why spend at the shopping mall, or buy a new car when you don’t know how tax policy will affect your family budget, or if your job will come under the axe because your employer’s tax burden is increased?
I argue these kinds of questions and concerns contribute to the weakening economy. This type of tax policy keeps capital out of third world nations, and now is keeping capital in hiding here in the US. People are concerned about security and savings again, retrenching their household and business budgets. The economy could be helped if the government would just get out of the way and restore sound monetary and fiscal policies.
by Congressman Ron Paul
This week, Congress and the administration once again showed their lack of economic understanding, as they ramped up spending to record levels. On the surface, maybe it does look to some like the economic crisis is a liquidity problem, that the economy is in trouble because money is not changing hands at the pace it once did in the boom years. They believe that to get back to a booming economy money needs to start changing hands again – and the quickest way to do this is for the federal government to massively expand spending to pump new money into the system. If this is the extent of their understanding, no wonder they call for spending, taxing, bailouts and inflation.
If spending was the solution, we never would have had a problem. During the last eight years, we’ve blown up the size of government and certainly had no want of spending on foreign or domestic policy. The Bush administration increased spending almost 20% its first term, and nearly doubled the national debt by the end of the second term. Certainly the case cannot be made that lack of government spending created the problem or can be the solution.
This is mirrored in American households. According to CNN private sector debt is 365% of private sector gross domestic product. Many relied simply on steady and continued increase in home values to enable spending and secure more debt. That trend has proven unsustainable and many Americans are adjusting their finances accordingly. For the first time, household debt is beginning to fall as consumers wake up to the realities of paying off debt and living within their means.
Wouldn’t it be great if the government would do the same?
A lot of capital and liquidity is out there waiting in the wings as the new administration is bringing about government uncertainty, a concept discussed by Robert Higgs as prolonging the Great Depression. In other words, it is a foregone conclusion that government will act. But, like a chicken with its head cut off, no one knows which way it will run, just that it will flail about wildly until it collapses.
Why start a business, when businesses could face the brunt of an increase in future taxation? Similarly, why hire a new employee if tax policy will just force you to fire them later on to stay afloat? Why buy a house, when you have no idea how future government meddling in the housing market will affect its value? Why spend at the shopping mall, or buy a new car when you don’t know how tax policy will affect your family budget, or if your job will come under the axe because your employer’s tax burden is increased?
I argue these kinds of questions and concerns contribute to the weakening economy. This type of tax policy keeps capital out of third world nations, and now is keeping capital in hiding here in the US. People are concerned about security and savings again, retrenching their household and business budgets. The economy could be helped if the government would just get out of the way and restore sound monetary and fiscal policies.
Monday, March 2, 2009
Wednesday, April 2, 2008
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