| Author |
 Topic  |
|
|
cptindy
Penny Hoarding Member
572 Posts |
 Posted - 03/04/2010 : 17:50:35
|
I have recently been enjoying the new realcent stock market game brought to us by Kurr. Thanks ! (I'm addicted!)
In my process of research I found this website and some commentary I thought useful here. You will need to join (its free) to get in to see more but I found this interesting and wanted to share.
Jonathan Lebed
You must be logged in to see this link.
2.8.10 CATASTROPHE ahead, pray for your loved ones!
4:40AM Read This Full Alert, it is EXTREMELY important...
An economic catastrophe is coming in 2010, but this crisis will be the complete opposite of late-2008/early-2009...
I've been saying for months that I believe the stock market is ridiculously overvalued. Many companies that are dependent on the American consumer have stocks that are trading above where they were in 2006, at the height of the Real Estate bubble. A couple weeks ago we saw the beginning of a stock market correction, which should continue for some time to come.
In the past year, I have seen thousands of self-proclaimed "stock gurus" appear all around the Internet, creating web sites with fake track records... hyping worthless pink sheet stocks with no assets, revenues or any hope of ever succeeding. Most of these people probably know less about the stock market than my dog, yet I see some of the stocks they hype trade tens of millions of dollars in volume, before they ultimately crash.
To me, this is a sign of a dollar bubble. If there are so many people out there willing to buy the stocks of worthless pink sheet companies (stocks I would never mention in my newsletter no matter how much money I was offered), it means the world is awashed with dollars and a hyperinflationary catastrophe is likely to come a lot sooner than anybody expects.
What I strongly urge you to do right now... is take advantage of these bargain basement prices in silver. JP Morgan controls the paper silver market, with a massive naked short position that is unparalleled to the size of all short positions that have ever existed in the history of all commodities. But I'll get back to that in a second.
There is a good chance that the country of Greece could soon default on its debt, which many people are concerned will spread throughout Europe and cause a sovereign debt crisis. The conventional wisdom on Wall Street today is that the U.S. economic crisis is over and the U.S. economy is recovering, but now Europe will experience the same economic collapse we saw in late-2008/early-2009.
Therefore, the Euro, which in October surpassed the U.S. dollar as the currency of choice for new foreign currency purchases by central banks around the world, has been taking a hit. The U.S. dollar has risen vs the Euro for four weeks in a row and the Euro is now at a 7-month low vs the U.S. dollar.
Unfortunately for Greece, they don't have a printing press that they can use on their own. It's similar to the crisis in California. Greece might need the European Central Bank to bail them out, just like California might need the U.S. Treasury and Federal Reserve to bail it out.
I find it unlikely the European Central Bank will bail out Greece and in my opinion, a default by Greece wouldn't be enough to collapse Europe's economy. But in the U.S., I find it extremely likely the Federal Government will eventually bail out California, which would create tremendous inflation and crush the U.S. dollar.
Investors that are selling Euros and buying U.S. dollars as a safe haven, are making the worst possible decision. If you go by the REAL U.S. GDP, and not the fluffed up consumption based GDP, the U.S.'s total debts are a lot higher percentage of GDP than Greece. Also, the U.S.'s budget deficit as a percentage of tax receipts is more than double Greece.
The real financial crisis is RIGHT HERE in the U.S. and NOT in Europe. The Europe sovereign debt crisis is being used as a DISTRACTION to prop up the U.S. dollar for a little while longer, allowing the U.S. to get deeper into debt.
What's even more crazy is that many people are now calling China's economy a bubble! China has a population of over 1.3 BILLION people and most of them still don't drive a car. It's IMPOSSIBLE for China's economy to be a bubble. They are the world's largest CREDITOR nation. I was against China's $586 billion stimulus plan which certainly overheated certain parts of their economy, but at least they funded it with their own money (unlike the U.S. which borrowed and printed their stimulus money). Certain pockets of China's economy need to correct in the short-term... but over the long-term China is GUARANTEED to take over the U.S.'s status as the world's superpower!
Anyway, because of the so-called "sovereign debt crisis" in Greece, and China cutting down on lending to cool down their growth... as well as Obama calling for a "spending freeze" in the U.S., which is a joke because Obama's spending freeze will cover only a tiny portion of discretionary spending but not until 2011 after another 7% raise in discretionary spending in 2010... the U.S. dollar has been rallying. Gold, but especially silver... have been HAMMERED down from their recent highs.
Trust me... this is the BUYING OPPORTUNITY of a lifetime for gold, but ESPECIALLY silver. Is this definitely the bottom for gold and silver before they reach new highs later this year? I don't know... maybe not. But if you look at the silver ETF SLV trading 31.7 million shares on Friday more than 2.3X its average volume... this flush out is VERY close to being over, in my opinion. Margin calls, panic selling (with 2008 still fresh in people's minds) and other factors helped contribute to the sell off...
JP Morgan was responsible for the bulk of silver's decline... driving it down through the moving averages. They manipulate silver paper prices without physically delivering any silver... and it's my belief that their silver short position is covered by derivatives that will be impossible to unwind because the physical silver simply isn't there.
I am hoping and praying that COMEX implements new contract limits in the months ahead... because this silver manipulation is blatant and shouldn't be allowed to continue. Try to find a 1 oz silver coin for sale for $15! You can't, NOBODY wants to sell physical silver for $15 per ounce! If we had a fair market on COMEX, silver would trade based on supply and demand, and would already be above $25 per ounce. Like I said the other day, the U.S. mint sold more American Silver Eagles last month than the entire YEAR of 1996. That's just here, China is now encouraging their citizens to buy silver bullion.
As you know, I am a believer that Goldman Sachs would be bankrupt today if it wasn't for the bailout of AIG... and Goldman's ability to borrow for free from the Fed. Goldman Sachs and JP Morgan are the two biggest EVILS that exist in our country today... and will lead to its downfall. Their record bonuses to their employees, who speculated with taxpayers money (with the implicit backing of the U.S. government) ... will soon work its way through the system... driving up the prices of consumer goods and services.
Americans are already becoming outraged at JP Morgan and Goldman Sachs paying out record bonuses while real unemployment (including those who are underemployed or gave up looking for work) is north of 20%... but the REAL outrage will come soon when massive price inflation becomes evident. Major civil unrest will soon be here when the cost of filling your refrigerator with food is more than the average American's mortgage payment.
It's such an insult for Goldman Sachs to actually say they are launching a $500 million small-business loan program, when they paid $16.2 billion in compensation last year. I know so many honest, hard-working young entrepreneurs with great ideas looking to start a small business and can't get a loan. The Microsoft's, Coca-Cola's and disease curing companies of the future now have ZERO chance of being founded in the U.S. They will all be formed overseas and New York will lose its financial capital of the world status to Shanghai, Hong Kong, London, Tokyo, Abu Dhabi and others.
Even if the Federal Reserve starts raising interest rates in the near-future, the damage has already been done. It will be impossible to mop up the excess liquidity that exists today, without raising interest rates to 10% or higher.
Therefore, Americans will soon have a choice...
1) Do we continue buying overvalued stocks, many of which are likely to correct substantially this year.
2) Do we once again speculate in Real Estate, with banks about to flood the market with foreclosed properties that have been held off the market in order to artificially suppress inventories.
3) Do we hold U.S. dollars, bonds and treasuries, with Bernanke getting ready to monetize our $12 trillion national debt, $60 trillion in unfunded liabilities and $2 trillion per year plus in deficits for years to come.
4) Do we buy gold and silver, which have always retained their purchasing power and will protect from inflation better than any other asset.
The world will choose OPTION 4 once they WAKE UP! There is NO DOUBT in my mind about it. Gold and silver stocks will see the biggest gains, but only if you pick the right companies... that's why I flew all the way to Mexico to explore the mine of my #1 pick. I care about my members more than anybody else in the world, which is why I work 15 hours a day researching companies and studying the economy, and maybe go out drinking at a bar in NJ only once or twice per year.
It sickens me seeing all these celebrities bragging about the money they donate to Haiti, just for good publicity. Although I believe all humans are equal and I feel bad for what happened to the people of Haiti, I have donated ZERO dollars to Haiti. NOBODY in the U.S. can afford to donate to Haiti... we need to spend our time and money getting the word out about our problems HERE!
When I was in Guanajuato visiting my #1 pick, I visited the most beautiful church in the world... The La Valenciana Church. This church was made possible by the silver produced by my #1 pick's La Valenciana mine (it's no longer in production but they plan to reopen it soon), which for 250 years produced 1/5 of the world's silver! Click here for a picture of me in the church.
I was overcome with emotion while in this church. What I realized is, I no longer care about myself and I certainly don't care about making money for myself. I care about helping as many people as possible survive the real crisis that lies ahead. I said a prayer there for all Lebed.biz members that god help us do as much as possible to spread our message to everybody we love.
I feel very blessed that 'The Dollar Bubble', which I produced with the help of some of my best friends... has surpassed 472,000 views since Thanksgiving. It wouldn't have been possible without all of your help. Thank you again for spreading the word about 'The Dollar Bubble'. Steve Liesman from CNBC called us to feature it on his show, but we turned him down because CNBC did nothing to warn about the Real Estate bubble and collapses of Fannie and Freddie like we did in 2005/2006. CNBC is nothing more than a propaganda tool for the elite.
On another topic... there is ZERO chance of another deflationary spiral period of forced liquidations driving gold and silver back down to October of 2008 levels. When you have India buying 200 metric tons of gold, they are a real buyer without the use of any leverage.
TAKE ADVANTAGE of these gold and silver prices! I never said before that you should LOAD UP on an option like I did on Friday with the SLV January 2011 $20 calls at $0.80, but I STRONGLY believe in what I say and don't think it is possible I will be wrong.
Please remember options trading is extremely risky and not suitable for all investors.
|
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
|
|
thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 03/04/2010 : 18:19:55
|
I'm doing the best I can! bought another 1000 worth of 90% right here on realcent yesterday.
It looks like some members here are giving up thier silver during this spike. I'll take all I can afford. PM production and mining stocks scare me. They are very volatile.
What do you guys think about biting the tax bullet and selling IRA funds to buy PM or other tangibles, maybe real estate. |
Come to the new and improved realcent: http://realcent.org
|
 |
|
|
cptindy
Penny Hoarding Member
572 Posts |
Posted - 03/04/2010 : 18:35:44
|
I will continue to believe in the coins in my hands and pick up when I can afford it.
I just found it interesting another knowledgeable individual stating things you will not see on fox snooze!
Could you transfer your IRA to a ROTH and invest in Silver? The tax hit on a withdrawal from your IRA's Insane! |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
|
|
|
thogey
1000+ Penny Miser Member
USA
1617 Posts |
Posted - 03/04/2010 : 19:09:49
|
quote:
Originally posted by cptindy
I will continue to believe in the coins in my hands and pick up when I can afford it.
I just found it interesting another knowledgeable individual stating things you will not see on fox snooze!
Could you transfer your IRA to a ROTH and invest in Silver? The tax hit on a withdrawal from your IRA's Insane!
I know, but it might be better than having nothing.
My wife and I are seriously considering a major move out of IRA and IRA rollovers. |
Come to the new and improved realcent: http://realcent.org
|
|
|
|
El Dee
Penny Hoarding Member
USA
547 Posts |
Posted - 03/04/2010 : 19:37:21
|
You can have gold and silver in an IRA. They need to be the correct kind, and they are held by a custodian, like paper investments.
You must be logged in to see this link.
|
Trust the government? Ask an Indian. |
Edited by - El Dee on 03/04/2010 19:38:02 |
|
|
|
Dalsuh
Penny Hoarding Member
USA
757 Posts |
Posted - 03/04/2010 : 21:47:02
|
Jonathan Leben is no good. So is George4title, Manoftruth and any of their friends. VisionVictory was also part of the crew but he distanced himself after they were exposed.
|
PACK THE FORUM EVERY MONDAY NIGHT
Eastern 9 PM
Central 8 PM ( Forum Time )
Mountain 7 PM
Pacific 6 PM ( HoardCopperByTheTon Time)
|
|
|
|
cptindy
Penny Hoarding Member
572 Posts |
Posted - 03/05/2010 : 07:51:12
|
Thank you for your video!
It is important for everyone to research all information available and to conclude only what one believes to be important to each.( I wish more information would be provided for those in office today) Check out You must be logged in to see this link. provided by admin here at this site.
I am not recommending stocks or suggesting anyone enter the market. I found the information and transferred here for readers to digest with their own due diligence.
It is just this one authors opinion (Jonathon Lebed) as it relates to the market. Just as this video has an agenda (to counter and proclaim) which if researched would reveal is personal. If any reader finds that after further research these words have no validity then one can simply disregard and move on.
I for one will listen to all arguments and base my conclusion on my own intelligence and fact finding information.
The silver market does exist, it does seem to be manipulated by J.P. Whoregan and other large institutions. The stockpiles of silver seem to be dwindling and the overly abundant short positions caught in the play. There is a plethora of information and dis-information on the web. The internet is a resource and should only be used as such.
As for any long or short term financial move of any individual I suggest due diligence!
|
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
|
|
|
AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 03/05/2010 : 09:19:15
|
I tell you what scares me with these IRA/401k's which I have a good bit of my savings in. The government has their eyes on that money and are trying to figure out a way to seize it to pay down debt and extend more entitlements to non-producers. I have debated taking that tax hit to pull the money out and buy PM's. Storage is my biggest issue. I don’t want thousands of dollars of PM's sitting around.
In a real crisis such as non-functioning government, war, and other TSHTF scenarios PM's really are not going to be the best investment. Food, ammo and non-perishable goods are going to be the new currency. Just finding that right mix of PM’s, food, ammo, ect is the hardest. I am not ready to give up on this country, yet. I believe there is a fighting chance to turn the tide on these buffoons who are running it and set us on the right path.
|
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
|
|
|
|
cptindy
Penny Hoarding Member
572 Posts |
Posted - 03/05/2010 : 12:56:39
|
I am not as informed as I should be on this topic of IRA'S. It has been explained to me that the ROTH IRA is the best and provides the most leniency with what one has and holds as an asset. Allowing tangible items such as real estate to be held tax deferred. Whether that is equally allowed to hold PM'S I do not know. As it sounds though, before I would take a 40% plus penalty to my savings I would investigate options that would allow a transfer to something that suited my desire and still allowed the tax benefit.
I wish you all luck with this scenario and I feel you are not the only persons that would benefit from this investigation.
I agree food, water, shelter and protection should be the number one priority above all else. But, after that the hard earned savings need to go somewhere safe.
This is a very relevant topic that could use it's own thread! |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
|
|
|
smalltimeopn
Penny Sorter Member
USA
54 Posts |
Posted - 03/05/2010 : 19:36:36
|
| I'm very pro silver (physical, not paper promises). But I'm also like AGCoinHunter with IRA's and a 401K. There seems to be more and more reports that absorption of these assets is under consideration. I'm very reluctant to take one or more of my IRA's out because of the tax hit. But one thing to consider is this, taxes are only going to go up as time goes on. My IRA's are traditional not Roth's so why not pull it now? Or convert to Roth IRA's? |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 03/06/2010 : 17:40:48
|
'[quote]Originally posted by Dalsuh
Jonathan Leben is no good. So is George4title, Manoftruth and any of their friends. VisionVictory was also part of the crew but he distanced himself after they were exposed."
Good reporting there. Just because someone tells us what we may want to hear doesn't necessarily mean it is truthful or factual information. Precious metals in particular have long been known to be a haven for scam artist. It is easier for a mark to be scammed if his or her emotions are used to override their logic. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 03/06/2010 : 17:52:04
|
| George4title makes interesting videos every now and then, but their latest trick is trying to get you to pay them $500 or so for them to send you a "gold buyers kit" so that you can learn how to buy scrap gold. Manoftruth is pushing some organic berry pyramid marketing drink. I don't trust any of them, but I watch their youtube channels for the occasional nugget of info. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
|
|
|
beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 03/07/2010 : 19:11:33
|
If you want to gain access to funds that you don't have now, in order to buy precious metals at what are now bargain basement prices, then consider taking a loan from your 401k, rather than just liquidating it. You can buy what you want, pay interest to yourself as you payback. You will have tangible physical metals, and regardless of whether or not 401k's and IRA's are later "nationalized" into treasuries as the liberals in Congress are promoting, you will have something to show for your years of contributions. So what if you pay taxes twice? If you wait until you're old enough to pull it out with minimal tax consequences, hyperinflation will have decimated it's worth. Get into PM's now, however you can, as fast as you can, and don't be tempted to sell into rallies. Just hold for the long term. You'll be glad you did!  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
|
|
|
beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 03/07/2010 : 19:16:54
|
quote:
Originally posted by cptindy
in the U.S., I find it extremely likely the Federal Government will eventually bail out California, which would create tremendous inflation and crush the U.S. dollar.
The budget deficit in California is to the tune of 50 billion. While it's a problem, it is dwarfed to insignificance by the other shenanigans the administration is funding and the quantitative easings which allows for a continued backstop of Treasury purchases. The majority of the rest of his conclusions I agree with. |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
|
|
|
smalltimeopn
Penny Sorter Member
USA
54 Posts |
Posted - 03/08/2010 : 18:46:40
|
That's a good point on taking out a loan on your 401K to buy PM's.
I already have a certain amount of silver in bullion, 90%, and 40%. Also a modest cu penny pile. It's just the principle that irks me that they can just wave a magic wand and say, "the needs of the many outweigh all of you saving for the future - it's ours now but we will give you a matching benefit." |
|
|
| |
Topic |
|
|
|
lebed.biz CATASTROPHE ahead, pray for your loved o
Forum Locked
