It is almost a month since my last post. I just had to stop for a while because there are so many stupid things being done by our governments for our own good. There is just not much to write that is positive. But I find I need to write anyway.

I never cease to be amazed at how blatantly politicians can lie to the people. Or how they can redefine things to make them appear good when they are really bad.

A stimulus not financed out of savings is a debt and attracts interest. A large stimulus not financed out of savings is very bad.

Changing the whole of the US healthcare system to accommodate 30 million more people and costing over a trillion dollars is bad. Especially when cheaper alternatives are not considered and the politicians think it has to be really big or it won’t work.

Businesses can’t and won’t work that way so why does government believe it can? It’s  a high risk strategy and illogical.

Isn’t that what they said about the stimulus and the TARP? They thought of a number that would be big enough to get everyone’s attention.

I know that many in the US Congress and the Senate see bi-partisanship as a “good” but it is not a good if it is against a parties basic ideology.

The problem with the Republicans is they have sold out their ideology so often that they stand for nothing.

The Democrats stand for anything that will get them where they want to go. They are true to their ideology.

It’s almost like the Republicans are digital and the Democrats are analogue.

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The Obama Bank Fees are yet another strategy to redirect blame to institutions and away from the managers of those institutions who are responsible for the financial crisis.

President Obama said that those who oppose this fee are audacious to think that it is unfair.

“Obama Questions the ‘Audacity’ of Those Who Say the Bank Fee Is Unfair”

Well I for one think it is grossly unfair.

The Banks are not people and did not cause the crash. The management teams running them did bad things, took great risks and are fully accountable and responsible for the financial crash.

Not only did they destroy their own banks, they destroyed the shareholders - the rightful owners of the banks and destroyed many lives across the world who had nothing to do with them.

When you applied for a loan was it the bank that rejected it or was it the bank manager?

They need to be held accountable, NOT the institution itself…..

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I’ve now read about yet more tinkering with the Australian Superannuation Retirement System and the US 401K Retirement system by your governments.

They just cannot help themselves. This time it is far more dangerous. They want to take control of some or all of your nest egg in the form of an annuity. Read this article, “Why the Government Wants to Hijack Your 401(k).”

The original retirement schemes were set up by governments to force (in Australia at least) people to save for their own retirement. It is known as a defined contribution scheme. The idea being that you contribute to your own retirement in a tax advantaged savings account.

This account was normally with a fund manager who’s job it was to diversity and balance your portfolio of investments so that when you retired you’d have enough to live on without a government pension.

How well has it worked? Not very well at all for you - but great for them.

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The more I read and learn about how to protect my Nest Egg and avoid large losses, the more I see how the financial professionals try to make us focus on the micro (investments) and not the macro (fiscal, monetary and credit systems) money movements.

We are constantly bombarded with financial programs telling us which stocks to buy and what funds are the best performers.

But in the scheme of things this information is useless as investment advice when you are a flea (investor) on the backside of an elephant (the money and credit system). In fact to take that analogy further think of yourself as a flea sitting on a pile of elephant dung that is just about to drop to the ground. You get the picture.

It is all cosy and warm and looks fine up there and you think you are in heaven but you’re going to hit the ground with a thud

Another way of looking at this is we need a “unified theory of everything financial”. You see when our governments create billions of dollars out of thin air and then spend that money we can never know the full consequences of it over the long term. But they don’t care about that.

You do care about the long term. You have been indoctrinated into believing you have to invest for the long term even though governments think only of the next election and play with the fiscal and monetary systems (no the FED is NOT independent as far as I am concerned)  in order to get voted back into power. They use the tax exempt carrot to get you to invest for the long term. In short you are being manipulated for their benefit. Read the rest of this entry »

The financial wizards of Wall Street and the “to big to fail” bankers are about to reward themselves with money created mainly from taxpayers bailouts. It is unbelievable that this is simply accepted. I hear on Fox and other channels the rationalisation that those corporations that have paid the government back the tax payer money should be allowed to pay bonuses again.

This is not right and is highly immoral.

It is a known fact that wealth creation and destruction moves in waves. When the great financial crisis began the focus was on the “too big to fail” institutions and they were rescued by Paulson and Bernanke using tax payers money.

As wealth destruction moved through to the”real” economy unemployment was the result. Private business suffered enormously because of what the financial industry did. So did their ex- employees.

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In January 2009 I recommended signing up for the Morning Money Report which included the Money Map Report. The main reason for taking the subscription was you would get the book by Peter Schiff, “Crash Proof: How to Profit from the Coming Economic Collapse”, for FREE.

I did sign up and my subscription started on 1st March 2009. I received Peter Schiff’s book within about 2 weeks I think.

As expected I began getting Money Morning Reports and Money Map Reports. Many were just sales pitches to buy more stuff but that was not a problem.

The problem was I began getting subscription renewal notices only TWO MONTHS after the annual subscription began.

I first got a renewal notice in May I think. In the second paragraph of the letter it said,

“However,  our  records  indicate  that  your  subscription   is coming  up for  renewal  soon.  And  I’m sure  you’d  like to continue  enjoying  the  gains  realized  by following   the  recommendations    of  knowledgeable    insiders  who  are  constantly   following   the  money  all over  the world.”

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I was watching a local late night news program the other evening. It was an interview with the Managing Director of the IMF - Dominique Strauss-Kahn - (His eye may not be on the IMF ball

What I heard in that interview is nothing short of frightening when you consider what this guy believes about economics.

Much of the interview was on the Climate Change Summit and the need to finance the underdeveloped countries to fight climate change effects on those countries. As you may know Clinton has offered to give them $100Mn of your US Dollars as an initial payment.

However this is not a one time thing. It is likely to be paid every year into the future and is likely to increase as all payments to these institutions tend to do.

The IMF is hoping to get it’s hands on this money so that it can dole it out in the form of SDRs (Special Drawing Rights) to the underdeveloped countries.

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Banks under the Fractional Reserve Banking model aided and abetted by Central Banks engineer booms and busts through creating money out of thin air and lending it out. They have managed to do it twice since 2000. You want a third time?

The turbo-charged Keynesian economics model supposedly being implemented world-wide to create employment and thus get the consumers spending again.

The Copenhagen Climate summit where the leaders of the have’s (well did have) are going to give billions to the “have not’s” to help them clean their carbon creating industries. Much of that money will end up in corrupt politicians secret bank accounts.

Health Care systems around the world now have mandates from governments to offer free health care to all.

Billions of your tax dollars being redirected by government into green energy and Al Gore’s bank account.

The US being the driver of the world economy is now becoming the biggest socialist economy in the world. They are not alone but they are the most transparent government in the world.

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