Sunday, October 19, 2008

The Financial Markets and Election Choices

I've been in the Financial Services Industry for almost twelve years and find it amazing how people such as myself have been led to believe in the stock market's bull market buuble euphoria. I also learned very quickly to believe in the bull market's bubble busts.

Bear markets happen and the media is one to immediatley turn around after many people have lost money and say stocks are cheap. Before you believe in this squawk box media with rich moguls saying I'm buying US Stocks because they're cheap, think like a contrarian. They want you to buy up because they are telling you to do this in order for their stock interests to rise so they can appreciate the value of their wealth and make you lose when they choose to sell off.

How do you feel now that your account has lost somewhere in the tune of 25% to 50% from where it was a year ago. Stocks are not all undervalued so you should do your homework accordingly and I believe stocks are fair value to overvalued currently. Although, it continues to create constant energy to know when to buy and when to sell. You want to make a good decision, but ask yourself contantly are these good decsisions?

If you asked what triggered this major selloff, all you have to do is look to the bailout plan. If you see the way the votes played out on that House floor, you get a better understanding of Washington. The two party system is rigged to one party majority and the American people have no other option according to the media. You might disagree and say that's not true.

How can one see Obama and McCain the same when they have different views? I'll tell you how. They both voted for that bailout plan which has proved to be a major disaster for the American Taxpayer. Hank Paulson, Ben Bernanke, and George W. Bush pushed this plan in a way where it was being shoved down the American Taxpayers throats quickly. The funny thing is the majority of the Democrats voted for it. Where most people would think grid-lock, it was absolutely the opposite with wall street bank fraudsters walking away unscathed and corporations getting lots of goodies.

On C-Span one representative said the day prior to the voting of the bill that if representatives voted no and the bill was turned down a second time, there would be martial law declared on the United States. I read from other sources that Army Raiders would be on our streets here in America. Well you and I might be happy that none of this happened but it is clear that this is a scare tactic that can now be used and enforced in the future if necessary if we do not follow their ways.

I used to believe we the people had choices in America but the choices for this election our media has placed upon us is virtually the same and that is if you want a War Mongerer in office that is going to continue to inflate the deficit, vote for John McCain. If you want the country to be continuing nationalization, vote for Obama. Too bad nobody voted for Ron Paul, because he was right all along but of course the media did not want to hear it and as this country moves forward you will all see what a mistake we've made with a lack of understanding of what is sound money. This will impact all our wallets and pocket books. With McCain or Obama, as our only two candidates according to the media, we will pay more taxes into the future with increasing inflation because the money has got to come from somewhere now that we gave $700 billion out of thin air which will turn into multiple trillions of dollars to the banksters so they can turn around and make us pay for that too.

I am a strong believer that the dollar will collapse, treasuries will default, and physical gold not paper gold will be the only resolution to all of this. Why? Simple, because for all the paper dollars that are printed in the United States all you have to do is look the other way and notice the scarcity of physical gold and realize the price is being rigged by the COMEX. If you play the futures contract market all you have to do is take delivery instead of rolling over contracts and Gold will spike through the roof because the warehouses don't have much gold.

Gold is sound money, it does not have a liability. Central Banks carry it because it is the last resort if all this monopoly money fails and it will continue to inflate in value into the future as long as it is scarce and high demand triggers for the physical gold. It is true they can suppress the price of Gold but that is paper gold not physical gold. And once people recognize the difference between the two, you will see the true price reflected. Therefore, as we continue to see into the future more bubbles and busts we will see that monopoly money doesn't mean anything except paying for what we make and being left with debt that will continue to make us borrow on inflated prices of what we can not afford making the masses poor and the few elite richer.

If you read your history about the sound money of Gold of thousands of years you will soon see why that may work out better for the masses as we try to save for some sort of a retirement that looks currently bleak. How's your brokerage account, IRA or 401K doing? Got Gold?

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