October 2008
To everybody out there, make provisions now like the ant did for a cold, brutal winter wherever you live. Things are going to get very tough. Don’t waste a dime you don’t need to waste. Buy local and support your local community. Start by doing everything locally to preserve and save."
Gerald Celente = Editor and Publisher,
The Trends Journal, Rhinebeck, New York
Q & A
Hi Greg, I am a student of RSE in Mexico. I am living in Monterrey, but I am from Cabo San Lucas (Baja California). I’ve been manifesting good sales opportunities down in Cabo (I sale Water Filters), and my brother that is living in Cabo (and he works with me in the sales) is telling me to go to Cabo to help him.
My plan before was to move with my wife to Monterrey and work together for our ‘Day’s to Come’ house, but now things are different. I have this opportunity to go live in Cabo for 6 months and get the cash I need for our plans for our future, but I have been questioning my God about this and I have not got an answer. My concern is because the times to come, Cabo is not a good place to be, but I am not planning to stay there for a long time, only to work there for 6 months maximum.
Well, this is my question in general; I’ll appreciate your advice.
I am not in the best position to give you advice. If you ‘Create Your Day’ with a willful determination then the move might be OK, however, it is not ideal!! Take care of business and get out of Cabo. If you DO NOT do your disciplines everyday, then the move is risky. So you will NEED to make the decision. That is the best advice I can give.
Is there a safe place to buy firearms?? Would appreciate any info you know of.
You can buy guns at many sporting goods stores. It takes a week or so for them to do a background check before you get your gun. However, now EVERYONE knows you have a gun. I would look in the newspaper and try to buy from a private individual – there is NO paper trail that way.
I am intending to sell my house in Belgium and invest the money in buying gold and then sell a part of the gold after some time to pay off the new house in a safer area.
Do you think this is a good idea? Do you have suggestions?
Is it always possible to sell your gold in return for cash in the next year for example?
If I am correct in assessing what the REAL EXPERTS in gold and silver are saying, gold and silver should increase 100% OR MORE by January 2011 – that’s just over two years. So if you sell your house and buy gold in the next few months and re-sell the gold later, you should have a nice profit to re-build.
I hold some mine stocks from Canada. Do we have this problem of stock ownership in Europe (Germany) too and what can I do to make sure the stocks are really mine?? Is it better to sell now?
Canada is ONE OF THE BEST countries for mining stocks – HOWEVER, with the meltdown in the US, and its effect on the GLOBAL ECONOMY, I would get out of all stocks and convert the money into physical gold and silver and keep it in your personal possession!!
Just writing to let you know of the situation (at least my experience today) in Canada. Silver today went as low as $12.94 Canadian. I phoned a couple of coin dealers in the city (Edmonton). The first dealer said he would sell at $19.50, a 50% markup. Another dealer said he would sell at $22/oz., and didn't care if he sold any of what he had left because he knew of other dealers who had nothing to sell. The first dealer also said today that orders for gold were no longer guaranteed.
They both believe that there is some bizarre manipulation of the prices from people 'high up', since prices are not following typical supply versus demand trends. There is scarce supply of silver, and it is now starting to show up with gold as well.
There is a mutual fund where I can buy precious metals, and if I sell within a year, there is a 6% redemption fee. While it is not metal in my hand, it seems to be a better deal than paying a 50% markup on purchase of metals, and then whatever their cut is again on sale back to them. Can you offer any insight on this? The fund I'm referring to is: www.bmsinc.ca/
Thanks for your email regarding the price of metals. It is the same everywhere. I am still happy to pay the premiums because silver is going to go much higher than the premiums that I am currently paying. I just recently paid $24 for American eagle silver when silver was at $12.97.
My newest motto: It is NOT the price that matters NOW, it is the NUMBER of ounces you have!!!
The fund sounds excellent in normal circumstances. But I do not think we are in normal times. I AM A STRONG ADVOCATE OF METALS IN THE HAND!!
Economy
Peter Schiff , author of Crash Proof: How to Profit from the Coming Economic Collapse is one of the most respected current financial advisors. He is best known for his accurate predictions of the stock market, commodities, gold, and the U.S. dollar.
Here are some highlights from his new book:
- Gold
remains extremely undervalued. The increasing value of gold is just beginning and it is gaining value against ALL the world’s currencies.
- Central Banks
are now becoming buyers of gold rather than sellers. They must replenish their reserves. This will drive the price of gold very high. Governments will need adequate gold backing for their currencies.
- The supply of gold can only expand to the extent it can be mined. Historically, it has only expanded 2% per year. It will always be a scarce commodity.
- Gold
and its relationship to the Dow Jones Industrial average: If we repeat the history of the last century and go back to a 1:1 ratio, you would be looking at a gold price of over $10,000 an ounce. If the Dow goes to 5,000, it still puts gold at $5,000.
- As gold goes so will silver – but even more!!
If silver returns to an average ratio with gold (47:1 in the twentieth century), silver will increase an additional 50% in addition to gold’s increasing value.
- The paper currencies
are all going to go back to gold. That makes gold skyrocket!!
- Physical ownership of gold and silver
is a must.
- In bad times, cash is king. If you can convert U.S. dollars into stronger foreign currencies, they can be converted back into U.S. dollars when needed.
- Convert adjustable-rate debt into fixed-rate debt with the longest possible maturity date. This is nearly always possible with home mortgages.
- Should you borrow more money against your house? Yes, provided you can reinvest the proceeds at a rate that exceeds the cost of the debt.
- Never
borrow to consume!!
- Social unrest
caused by economic deprivation on a massive scale can produce violence and anarchy.
Morgan Dollars for Sale
If you are interested in adding to your silver position, I have two sources that are selling.
www.APMEX.com has 587 available Morgan’s @ $18.50 (20 or more) www.apmex.com/Category/173/1921_Morgan_Dollars_The_Final_Year.aspx
A reader of this newsletter has 2,000 available Morgan’s @ $18.25. If you are interested, email me and I will send the seller your email address.
Gold for Sale
There are one ounce gold Canadian Maple Leaf coins for sale at $25 over spot. If interested, contact me and I will send you the seller’s email address.
Last tree-sitters abandon perches in California redwoods
SCOTIA, Calif. - After more than 20 years of protests, the last two people living in the giant redwoods of Northern California were climbing down for good, convinced by the new owners of the forest that the ancient trees would be spared from the saw. www.azcentral.com/arizonarepublic/news/articles
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Earth's Magnetic Field Reversal Happening Now |
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From Mitch Battros - Earth Changes Media
The main magnetic field generated by turbulent currents within the deep mass of molten iron of the Earth's outer core, periodically flips its direction. This is to say that a compass needle would completely reverse pointing south rather than north. Such polarity reversals have occurred hundreds of times at irregular intervals throughout the planet's history most recently about 780,000 years ago but scientists are still trying to understand how and why. |
Web bots is a new technology. It is a system of spiders, agents, and wanderers that travel the Internet, much like a search engine robot, and look for particular kinds of words. It targets discussion groups, translation sites, and places were regular people post a lot of text.
The web bot technology apparently taps in to an area of preconscious awareness.
The mind-bending evidence in Dean Radin's work is that in a laboratory, people begin to react to an event as early as 6-seconds before it takes place. In other words, if you are about to show someone a horribly grotesque picture of something, they will already be physically reacting to it before the picture actually becomes visible. Up to 6-seconds, or so, and in a lab! In quantum terms, Radin's work demonstrates that people are physically able to perceive 6-seconds into the future.
George Leonard, author of Silent Pulse, was one of the first researchers to know that people reacted to stimulus before the stimulus was actually sent.
The web bots are an attempt to use the high data density of the internet to sample language and seek linguistic shifts that we believe may precede events. The initial results suggest that language shifts on a macro level begin to occur 45 to 90 days before society-changing events.
This group is suggesting that October 5 – 9 are high density data dates. Be especially aware and cautious during the first 10 days of October.
www.urbansurvival.com/simplebots.htm
Here is a short recap to the previous Web Bot interview from September 2nd, 2008:
The Web Bots see September 22-27, 2008 as precursor dates to the main turning point date of October 7, 2008. Closely watch events during September 22-27, 2008 for hints as to what to expect on October 7, 2008.
Cliff said whenever "it" happens, and whatever "it" turns out to be, "it" will be a date in history you remember like 9/11, we will remember 10/7.
The Web Bots foresee that October 7, 2008 to February 19, 2009 will be filled with emotional intensity, and the length of the release period will be extraordinary. The Web Bots have never picked up any event lasting this long. In comparison, 9/11 length lasted about 10 days. This event will be four months of high emotion.......
UPDATE ON WEB BOT PREDICTIONS FOR THE COMING WEEKS/MONTHS/YEARS: Coast to coast Radio with George and Cliff the "Time Monks" pimpinturtle.com/2008/09/22/
Tips for Wireless Safety
Remember to keep cell phones away from small children as bones of their skulls are still forming and the radio wave energy emission can heat the developing brain and ear canal. If you have a diaper bag near your stroller remember to have your phone turned off or if you are pregnant and your purse is near the belly. Mobile voice mail ensures you receive all your messages while reducing wireless emissions when the phone is off. In consideration of all people turn off your devices when you are sleeping as the wireless feed is then not running through your environment while you are in rest and repair mode. For lengthy conversations the non blue tooth ear pieces are great as the cell phone is then away from your brain. Teens using them who eat up cell minutes are benefited by parents supplying the ear piece.
Mayan predictions:
The areas of concern are as follows:
-- Watch for an unexpected down-turn in US economy
-- Watch for a single nuclear exchange between India and Pakistan
-- Watch for elevated earthquake and volcano activity
-- Watch for a US backed strike on Iran. Most likely this will come via Israel. Watch the escalation in Pakistan and Afghanistan. This could be the precursor of a US support of India taking a pre-emptive nuclear strike on Pakistan
Miscellaneous
YouTube - ARMY UNIT DEPLOYS IN AMERICA 1 OCTOBER 2008 MARTIAL LAW SOON -
www.youtube.com/feature=related
Dr. Laibow recently made a video on preparing for an Avian Flu Pandemic:
www.healthfreedomusa.org/
She also made a video about Genetically Modified Food. The points raised are also valid when preparing for a pandemic. http://www.healthfreedomusa.org
Remember to stockpile enough food for you and your family for several weeks.
We believe that this threat can be averted by public awareness. We need your help to get this message out... being prepared will allow more good people to survive; being prepared will reduce the likelihood of this pandemic occurring.
1. ORBS ON CNN: "GHOSTLY IMAGE CAUGHT AT GYM"
A motion-sensitive security camera has captured ghostly images at a Kansas gym. Affiliate KSHB reports," quoting CNN. [Ed. Note: Unfortunately, the television producers evidently had no knowledge of orbs to take the story further, yet this is an impressive video for mainstream television.] www.cnn.com/video/living/2008/09/25/ghostly.images.on.tapeb
First sight of the ID cards that will soon be compulsory
The Government was accused yesterday of cynically targeting immigrants to boost support for its controversial £4.7bn compulsory identity cards scheme as the Home Office unveiled the documents it plans will eventually be held by every adult in Britain.
www.independent.co.uk/news/uk/home-news/first-sight-of-the-id-cards
Quantum Physics Gets "Spooky"
By Phil Berardelli
ScienceNOW Daily News
sciencenow.sciencemag.org
13 August 2008
This might be a rare case about which Einstein was wrong. More than 60 years ago, the great physicist scoffed at the idea that anything could travel faster than light, even though quantum mechanics had suggested such a condition. Now four Swiss researchers have brought the possibility closer to reality. Testing a concept called "spooky action at a distance"--a phrase used by Einstein in criticizing the phenomenon--they have shown that two subatomic particles can communicate nearly instantaneously, even if they are separated by cosmic distances.
Letter from Steve Klein
To Physics of Change readers;
Greg Simmons has been a staunch advocate for supplying information that supports each person's decisions about one's financial future.
That allows one to be empowered. Monthly, he has been telling everyone to know thy bank, get some hard assets like gold & silver, store food, & obtain a good, clean water source on land in the country, away from the cities and away from ocean, lake or river shores – all wise counsel as we now know.
I am writing in response to last weekend’s developments in America’s financial markets, where after three days of fast-paced negotiations, Lehman Brothers, the 158-year-old investment bank, failed to find a buyer and announced it would seek bankruptcy protection.
On the same day, Sunday, September 14th, the nation’s largest brokerage firm, Merrill Lynch, agreed to sell itself to Bank of America to avert their further deterioration.
As Monday morning September 15th dawned, investors the world-over nervously
assessed the impact of these 2 situations, along with anguish awaiting word if insurance titan American International Group (AIG) could raise $40 billion to bolster its balance sheet. The fate of our own, locally managed Washington Mutual (WaMu) is also at stake.
The confidence in the economy was echoed in a stock market that lost 504 points on Sept. 15, their sixth-largest point drop ever and their worst showing since the aftermath of the Sept. 11, 2001, attacks.
Quoting one financial institution’s newsletter, "These stunning developments reflect the depth and magnitude of the credit crisis and the painful — albeit necessary — cleansing process underway to restore financial system stability."
"The International Monetary Fund predicted earlier this year that total losses from the credit crisis could reach almost $1 trillion. So far, banks have only taken about $350 billion in losses.
Commercial banks are also starting to feel the pinch. Eleven have closed so far this year, including Pasadena, Calif.-based IndyMac Bank, which had $32 billion in assets and $19 billion in deposits.
Christopher Whalen, managing director of Institutional Risk Analytics, a research firm, predicts that approximately 110 banks with $850 billion in assets could close by next July. That's out of 8,400 federally insured institutions, he said, which together hold $13 trillion in assets.
Individual customers are starting to get nervous about the financial health of their banks for the first time in generations, he said. Whalen's firm analyzes the safety and soundness of banks for business clients, but began receiving inquiries from individuals in the past two months for the first time, he said.
‘If we don't get ahead of this, we are going to face a run on the retail banks by election day,’ he said, quoting MSNBC.
www.msnbc.msn.com
President George W. Bush signaled that the government would not continue to bail out Wall Street, saying only that ‘we are working to reduce disruptions and minimize the impact of these financial market developments on the broader economy.’
Of course not, after the huge mortgage company bailouts of IndyMac, Freddie Mac and Fannie Mae, the American taxpayer all of the sudden has a lot of mortgages they own, many on the brink of foreclosure, at best. The Fed should not have been meddling in Wall Street’s affairs to begin with, letting things go asunder, instead of putting fingers in a leaking dike.
"Alan Greenspan says the country can't afford tax cuts of the magnitude proposed by Republican presidential contender John McCain - at least not without a corresponding reduction in government spending. 'Unless we cut spending, no,' the former Federal Reserve chairman said Friday [Sept. 12] when asked about McCain's proposed tax cuts, pegged in some estimates at $3.3 trillion. 'I'm not in favor of financing tax cuts with borrowed money,' Greenspan said during an interview with Bloomberg Television. 'I always have tied tax cuts to spending.'"
"…Painful — albeit necessary — cleansing process underway to restore financial system stability"?
Of course, since there was little to no oversight from the Bush Administration for the last 7 years, while the herd mentality of many financial institutions climbed on the bandwagon with zero down loans taking in customers with little or no credit history and ability to ever repay.
The cleansing required lays right at the feet of former Federal Reserve Chairman Greenspan, his successor Bernanke, & Bush Treasury Secretaries complicity with such folly.
After all, how does a town the size of 5,000 people (Yelm, WA.) all of the sudden have a single proposed development to quadruple the town, unless it had so many loans being of a zero down, bankers greed to make money on anyone willing to move in and pay interest – which equates to monthly rent? Now the buyers (nee renters) just walk away from the homes since they have no equity and the American taxpayer is left holding the free-wheelers’ bag.
No, the government cannot afford, indeed does not have any more money to bailout anyone else; they’ll have to let the chips fall where they may.
Mix in a $100 billion earthquake or hurricane to bring down the insurance companies, more housing price drops, more foreclosures and more financial institution failures, huge personal debt & continued wars and this country has a perfect storm brewing.
So, what do we do?
First off, stay calm and centered.
My experience is that what Greg has shared previously is wise advice:
- Know your bank or financial institution; get their financial report (Annual Report) and check their ratings on any of the bank rating sites.
- Do not keep more than $100.000 in an account. This from the FDIC::
"The basic insurance limit is $100,000 per depositor per insured bank. If you or your families have $100,000 or less in all of your deposit accounts at the same insured bank, you don't need to worry about your insurance coverage. Your funds are fully insured. Your deposits in separately chartered banks are separately insured, even if the banks are affiliated, such as belonging to the same parent company."
/www.fdic.gov/CONSUMERS/CONSUMER/news
As long as you believe in the USA, there is no need to change banks, as your accounts are "backed by the full faith and credit of the United States government." It protects consumers against loss of deposits if an FDIC-insured bank fails, generally up to a limit of $100,000 per depositor per insured bank.
However, if there are runs on the banks, the doors may close and you may not have immediate access to your assets. So, wise investors know the health of their banks.
If you have a mortgage, know who owns the note. Ask your mortgage holder.
If the mortgage holder is risky and you can sleep better at night, then attempt to refinance elsewhere.
Be prepared, diversify your portfolio into gold and silver that you hold, not locked up in a bank safety deposit box. Know that the American public has been asleep watching reality shows and Hollywood glitz while they were being robbed – and fell for the whole game.
Ramtha’s advice 20+ years ago still is the wisest counsel and every major, knowing investor has done this:
- Store water in underground tanks & have your own independent source.
- Buy at least 5 one ounce gold coins
- Buy 5 acres in the country (or less or more as you see fit)
- Buy and store all the foods that you like, 2 years worth for you and your family, more if you can
- store seeds of all types in a clean, dark, dry place
- get all the non-electric tools you like to use
I have been sharing these things with my family in Kentucky for over 2 decades. Hurricane Fay, Gustav & Ike displaced tens of thousands of Americans the last 2 months. and then Ike merged with a front and blew through Kentucky yesterday knocking out power to over 500,000 in a state with 3 million, with "…the biggest outage on record in the Commonwealth of Kentucky," said Gov. Beshear. Many neighborhoods have been told to expect to have no power 10-14 days. My family is getting the message!
Greg’s continued advocacy of following these simple principles should give one pause to ask, "Can I sustain myself for 1-14 days if I had to?"
"Is the government going to be there if my bank fails?
"Maybe I should overcome any fears and ambivalence and move to do something, for my future!"
God speed.
Steve Klein
Testimonials & Comments
I attended my first beginners retreat in August and I remembered you said you wrote a book; so, I decided to check it out. I would like to thank you for writing it because it is one of the many reasons I am returning for the follow up. Not only did I enjoy reading about your experiences but it really inspired me to continue my enrollment in Ramtha's School for years to come. I just thought you should know that.
Thank you for everything. I am reading your book for the fourth time. I read it at night before bed as it gives me hope and solace.
Linda in New York
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