Easy Debt Consolidation Strategies You Can’t Go On Without

The burden of unmanageable levels of debt is something that nobody ever wants to face, but far too many people do. Debt consolidation can be a useful solution, provided that it is done in smart, deliberate manner. The piece below offers lots of helpful tips for ensuring that you make the best decisions for you and your family.

Let your close friends and your relatives know you are in debt. Perhaps they can lend you some money or give you some useful advice on how to get out of debt. You should not hide this fact from friends and family members you can trust since their support will make a difference.

Find out which debts you have that will not be covered in debt consolidation. While most debts can be consolidated, there are a few that cannot, such as some student loans. You need to make sure that you know what will be covered and what will not, before you sign up.

Figure out whether you will be able to afford thte debt consolidation payment every month. Now, if you have been having money problems, you do not have a lot of extra money. You need to make sure you are going to be able to come up will the payments you need every month in order for debt consolidation to work.

When considering debt consolidation, start with your local lending institution. They will be familiar with your credit history, work history and financial standing. This information can help to streamline your application process, making it easier for you to get accepted into a low interest debt consolidation plan as quickly as possible.

Make sure you know how much a debt consolidation company is going to cost you. Have a discussion about their fees. Make sure you know your rights as well. The company cannot charge you any money until they actually do some work first. Discuss the payment schedule with them and move on if you hear anything you do not like from them.

After you’ve consolidated your debt, consider what credit cards you don’t need. Remember what got you here in the first place. Do you need all of that credit? Do you feel the itch to use it? Don’t fall back into bad habits. Get rid of any cards that are unnecessary.

Find out whether a company pays its counselors by commission. This is tremendously important for you, since a counselor working on commission may not have your best interests at heart. Make sure you avoid commission-paying companies, and instead opt for those that treat their employees well and pay them a salary.

Personalization should be used by debt consolidation companies. They should design a consolidation and debt reduction program geared towards your individual needs. Your debt counselor should develop a personalized solution for you.

Find out about the privacy policy. Know how the information you give the company is going to be stored. Ask if their computers use encryption. The more secure the system, the less chance your identity will get stolen.

Think carefully before signing up with a debt consolidation company. You may be in a state of panic or worry about your financial situation, and you may be acting in a rushed or desperate manner. Think carefully about what matters for you in the long run, and make choices accordingly.

When working on a debt management plan during debt consolidation, you need to make sure that you bring all of your accounts current. Aging debt needs to be wrapped up into any current debt. If you have any old student loans or debt that is over 4 years old without a payment, get it all consolidated into the new plan.

Get copies of your credit report before you talk to a debt consolidation company. That way, you will be able to talk knowledgeably about what debts you have at any given moment. When a debt consolidation representative has the chance to really know what you are dealing with, they can offer you a more specific solution sooner.

Extreme amounts of debt plague an unfortunate number of individuals, many of whom feel there is no hope for ever climbing out of the situation. However, when done wisely, debt consolidation offers a way out. Hopefully the information presented above has given you the tools you need to move forward with confidence.

End The Anxiety, Read This Article About Real Estate Investing

Are you interested in investing in real estate, but you are not sure how to get started? Have you been burned by an investment turned sour in the past? If so, you may benefit from some of the information in the following article. Use it to get more from your real estate investments.

Speak with a real estate expert to help you with your plan and see whether or not there are holes in your strategy. This will help you to get a good idea of where you stand and what you need to do to accomplish your goals. They may tear the plan apart and give you an alternative plan instead.

Get an understanding of tax laws and recent changes. Tax laws are updated and amended regularly which means it is up to you to keep up with them. Sometimes the tax situation on a property can really up the hassle. When it seems to be getting to thick to manage, consider a tax advisor.

Try not to overextend yourself. Don’t get overeager. Start small and work your way up. Don’t just assume that you can spend a great deal and make that money back. That’s an easy way to back yourself into a corner. Wait until your smaller investments can fund some of your more ambitious ones.

There are two main guidelines to consider when entering the industrial or commercial real estate market. You want to make sure that you get a fair deal on the square footage. Second, avoid overpaying for the business. Think seriously about the “as is” value of the property and what rental income could be ascertained. It is important that both of these numbers provide a good deal for you.

Make sure that you select places that are well-known and in a great area that could garner a lot of interest from potential clients. This is key, because it provides the greatest possible resale value once you are ready to buy it. It’s also a good idea to look for properties that don’t have high maintenance requirements.

Consider building up a real estate rental portfolio that can continue to provide you with consistent profit for retirement purposes. While purchasing homes to sell for profit is still possible, it is less of a reality in today’s world than it has been in the past. Building up rental income by purchasing the right properties is trending vs flipping homes due to the current housing market.

Don’t let your emotions be your guide in real estate investing. What you want personally certainly plays into home buying for yourself, but not for investing your money. Stick to what can make you money, and that is it. Always compare a property’s purchase price versus what you can make from it in terms of rental or fixing up and selling.

Buy local properties. When you do this, you already know what the neighborhood is like. It will also let you keep an eye on your property, which gives you much needed control. You will have total control of this investment if you live close enough to handle it yourself.

Before you buy investment property in a neighborhood, find out if the city has anything planned for the areas surrounding this neighborhood. For example, you would not want to buy in an area if the city proposed to turn an area into landfill. If there are positive improvements on the horizon, this may be a good investment.

Try working well with others. Don’t look at your peers in the market as competitors, and attempt to work together. In this way, you can share resources and client lists as well as pooling your collection of properties on offer. If you help other people you end up getting helped more in return. This will surely help your reputation.

Make certain that you can afford the mortgage on any property you purchase. If you buy a rental property, ensure that you will be able to pay your mortgage, even if a few of your units are empty. It’s not smart to assume your rental income will fully cover the mortgage payment.

Know a little about the neighborhood you are buying in. If you are just looking to buy cheap properties, you may in fact lose money if you purchase a building in a rundown area. Find out as much as you can about the neighborhood before you put any money into a building there, and you may avoid losses.

If you’ve got the itch to start real estate investing, take action immediately. Real estate investing is one of those things that people often say they want to do, but never ever give it a shot. If you’re serious about it, get serious now, not later. The longer you wait, the more missed opportunities you will have.

Before you buy a property that you wish to rent out, find out how much other properties in the area rent for. The way to rent quickly is to not price yourself out of the neighborhood. This helps avoids the situation where people don’t want to rent your property and you end up having to pay the costs.

As you can see, there is a great deal to learn about investing in the real estate market. As with any form of investment, it has its pitfalls that you need to watch out for. By using the information that you have just read, you can avoid losing money in real estate.

Is This The End Of Paper Money

This year of 2014 marks an important centenary, not only as the 100th. anniversary of the beginning of the ghastly war to end all wars (the 100 year cycle is an important war cycle, as it is for most other cycles), but also, for the collapse of the international gold standard monetary system, which was the end of true gold backed national currencies.

In my previous cycle’s commentary, I wrote exclusively about secular, long term, intermediate term and short term investment market cycles. I demonstrated that secular investment cycles occur within the long wave cycle seasons and that gold and gold equities always experience their secular bull and bear market cycles opposite to the equities markets in each of the four long wave seasons. This contrary seasonal relationship is clearly evident in an historical chart depicting the Dow/Gold price ratio, which was depicted in that commentary and is displayed on our Longwave website.

The move from one long wave season to the next is identified by certain financial highs or lows, most often by U.S. stock prices. These signals of seasonal change are identified on our “Lifetime Economic, Financial and Investment” chart. The move out of autumn into winter is always signaled by a peak in the price of the huge autumn stock bull market. So it was in 1837, 1873, 1929 and as it should have been after 2000. That it was not was entirely due to the fact that the Federal Reserve and other principle central banks were, and still are, in command of a fiat currency system. This is unprecedented; there has never been a time that the entire world has been subjected to such dishonest money that can be created at the whim of unelected bureaucrats acting on behalf of their private shareholders.

In 1838, Mayer Amschel Rothschild, founder of the international banking dynasty, in a letter from London to Rothschild agents in New York wrote- “Let me issue and control a nation’s money and I care not who makes its laws. The few who understand the system, will either be so interested from its profits or so dependent on its favors, that there will be no opposition from that class, while on the other hand, the great body of people mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.”

On December 23, 1913, when President Wilson signed into law the Federal Reserve Act, the right to “issue and control money” was given to a Rothschild descendant through association with J. P. Morgan and a small coterie of banks, mainly headquartered in Europe.

Speaking in Congress, the day before the Act was signed into law by the President, Congressman Charles A. Lindberg, the father of the famous aviator, said: “This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress. The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government.”

In a speech on June 10, 1932 in the House of Representatives in which he denounced the Federal Reserve, Congressman Louis McFadden said: “Some people think that the Federal Reserve banks are United States Government institutions. They are not Government institutions. They are private credit monopolies which prey upon the people of the United States for the benefit of themselves and their foreign customers; foreign and domestic speculators and swindlers; and rich and predatory money lenders. In that dark crew of financial pirates there are those who would cut a man’s throat to get a dollar out of his pocket; there are those who send money into States to buy votes to control our legislation; and there are those who maintain international propaganda for the purpose of deceiving us and of wheedling us into granting new concessions which will permit them to cover up their past misdeeds and set again in motion their gigantic train of crime.”

Shortly after he had signed the Federal Reserve Act, President Woodrow Wilson is purported to have written to a friend, “I am a most unhappy man; I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. No longer a government by free opinion, no longer a government by conviction and a vote of the majority, but a government by the opinion and duress of a small group of dominant men.”

“Those who create and issue money and credit direct the policies of government and hold in the hollow of their hands the destiny of the people.” Rt. Hon Reginald McKenna, British Chancellor of the Exchequer, 1912.

“The Federal Reserve System is a legal private monopoly of the money supply operated for the benefit of the few under the guise of protecting and promoting the public interest.” Antony Sutton

Now, the chickens are coming home to roost. Monetary, financial and economic cycles are pointing to imminent collapse and the Federal Reserve should, and likely, will be held accountable for all that is about to befall us.

The Breakdown of the World Monetary System Based on the Dollar

Currencies are ruled by cycles. We have now reached a critical point in the functioning of major currencies. In this case it reminds me of 2007, when I published “This Is It” in anticipation of the financial crisis, because in that year several different time cycles associated with the economy and the stock market were converging. We now have a convergence of monetary cycles that either occurred in 2013, or are happening this year, in 2014.

1. Perhaps the most important of these cycles is the 100 year anniversary of the birth of the Federal Reserve on December 23rd, 1913. This paved the way for the eventual adoption of a fiat debt based paper currency to which we are all subjected, which is now in the process of failing.

2. This year is the 100th anniversary of the outbreak of World War I, at which time the principal combatants abandoned gold as a backing for their currencies. This effectively ended the true international gold standard monetary system.

3. In 1933 (80 years ago or 4 X 20), the U.S. abandoned the world gold exchange standard system, bringing to an end the world monetary system, which had been set up following World War I. The collapse of the international monetary system directly impacted world trade which was reduced by 80%.

4. In 1933 (80 years ago or 4 X 20), President Roosevelt revoked the right of U.S. citizens to convert paper dollars into gold; outlawed gold ownership and forced all Americans to redeem their gold for $20.67 (U.S.) per ounce.

5. The following year, 2014 (80 years ago or 4 X 20), America devalued the Dollar by 69% by increasing the price of gold from $20.67 (U.S.) per ounce to $35.00 (U.S.) per ounce.

6. Following meetings with Henry Kissinger in 1973, the Saudi Arabia government agreed that in the following year, 1974 (40 years ago or 2 X20) to price its oil exclusively in U.S. dollars, thus was born the Petrodollar. By 1975, all members of OPEC had agreed to accept only U.S. dollars for oil.

In 2000, Saddam Hussein launched the first challenge to the Petrodollar when he was convinced by France and a few other EU members to sell Iraq’s oil for Euros. In 2003 (10 year cycle) the U.S. and Britain invaded Iraq on trumped up charges alleging that Saddam Hussein was in possession of weapons of mass destruction. We know the rest of the story.

In 2009, 5 years ago, Libya’s Muammar Gaddafi launched a second challenge to the Petrodollar supremacy. Gaddafi had been elected chairman of the African Union and he pressed for the creation of a United States of Africa, which among other things would create a unified currency, the dinar backed by gold. He recommended that the African nations’ oil would be sold for this gold dinar rather than the dollar. This was a dangerous challenge to the dollar and the U.S. could not allow it to go unanswered. It was proposed that brutal intervention in Libya was necessary on account of ‘humanitarian’ issues in that country.

The third challenge actually started in 2003 (10 years ago and half a 20 year cycle), when Iran announced its intention to abandon the petrodollar in favour of trading oil in multiple currencies. This was to be done through a new commodity exchange known as the Iranian Oil Bourse. This became fully operational in 2012. The principal purchasers of Iranian oil are China, India, South Korea and Japan and are using their own currency to effect their oil purchases. It is no wonder that the U.S. has been beating the war drums for Iran.

7. In 1803 (210) years ago, Napoleon reintroduced gold and silver coins in France, to replace the revolutionary hyperinflationary assignats (paper money). “While I live, I will never resort to irredeemable paper.” Napoleon Bonaparte.

8. This year of 2014 marks the 70th. Anniversary of the Bretton Woods international monetary conference, which established the U.S. dollar as the world’s reserve currency. That enormous monetary advantage is now being challenged by China.

9. Also, 2014 is the 50th anniversary of the last year that the U.S. minted silver coinage. “If anybody has any idea of hoarding our silver coins, let me say this. Treasury has lots of silver on hand, and it can be and will be used to keep the price of silver in line with its value in our present silver coin. There will be no profit in holding them out of circulation for the value of their silver content.” President Lyndon Johnson, remarks at the signing of The Coinage Act, July 23, 1965. (A dollar’s worth of U.S. silver pre-1965 circulating coinage contained 0.715 troy ounces of silver.)

10. In 1974 (40 years ago or 2X20) the U.S. lifted the ban on gold ownership by U.S. citizens.

W.D. Gann considered the 20-year cycle a very important financial cycle.

These converging currency and monetary cycle anniversaries are a warning, that likely this year, 2014, a major breakdown in world currencies is in the offing. Without doubt, the most critical aspect of the failure of fiat money is that such an event spells an economic catastrophe without any historical precedent. Fiat money is a credit/debt based monetary system, and is the lynch pin of our economies. If the fiat monetary system fails, as cycles are predicting, credit no longer operates and economies will cease to function effectively.

Never before in history has a paper monetary system survived when it has been sustained by an unlimited access to the printing press.

I have written on several occasions about the two French paper money schemes, John Law’s paper money and the French revolutionary assignats and mandats. Both were the direct cause of huge price inflation and subsequently economic failure. Andrew Dickson White in his history of the French Revolutionary paper money era, Fiat Money Inflation in France, wrote, “It would be a great mistake to suppose that the statesmen of France or the French people were ignorant of the dangers of issuing irredeemable money. No matter how skillfully the bright side of such a currency was exhibited, all thoughtful men in France remembered its dark side. They knew too well, from what ruinous experience, seventy years before, in John Law’s time, the difficulties and dangers of a currency not well based and controlled. They had learned how easy it is to issue it; how difficult it is to check its over issuance; how seductively it leads to the absorption of the means of the workingmen and men of small fortunes; how heavily it falls on all those living on fixed income, salaries and wages; how securely it creates on the ruins of prosperity of all men of meager means a class of debauched speculators, the most injurious class that a nation can harbor-more injurious, indeed, than professional criminals whom the law recognizes and can throttle; how it stimulates overproduction at first and leaves every industry flaccid afterward; how it breaks down thrift and develops political and social immorality. All this in France had been thoroughly taught by experience.”

In both these French paper money episodes, gold and silver were outlawed by the State as alternative means of payment; although, the ultimate solution to both failed currency experiences was to return to sound money backed by gold and silver.

The lesson of these two fiat money episodes is that money printing begins at a relatively slow pace, but quickens as the economy and speculation expands. The end comes when the printing presses are operating day and night in a frantic effort to keep things from falling apart.

Similar frenzied monetary printing is now ongoing in a desperate effort to keep fiat currencies alive. As an example, thanks to Money and Markets, this is the Federal Reserve’s panic stricken monetary response since the collapse of Lehman Brothers.

“Consider these outrageous facts:”

“Fact #1. Immediately prior to Lehman Brothers failure, the Fed reported that the monetary base stood at $849.8 billion (U.S.)”

This past October 30th. it was $3,607.7 billion (U.S.). That’s an expansion of $2,757.8 billion (U.S.) or $2.7 trillion (U.S.).”

“Fact #2. This $2.7 trillion (U.S.) expansion has all taken place within just six years and one month.

If, instead, the Fed had continued to expand the monetary base at a normal pace (by the same amount as it had since 1961), it would have taken nearly 150 years to come this far.

In other words, with normal growth, the Fed’s recent $2.7 trillion (U.S.) monetary expansion would not have been achieved until the year 2158!”

“Fact #3. Prior to 2008, there were only two times the Fed embarked on extremely rapid monetary explosion of this type-first in anticipation of the widely feared Y2K bug; and later in the aftermath of the 9-11 terrorist attacks. However, as of the latest tally, the post-Lehman QEs have been

a whopping 43 times larger than the dramatic Y2K expansion, and…
an unbelievable 69.5 times larger than the Fed’s explosive reaction to 9/11.
The most alarming fact of all is this…

While the Fed has used crisis after crisis to justify its monetary madness, it has not yet begun to resolve the underlying diseases that gave rise to those crises. It has merely papered over their symptoms.”

Biggest Money Printing of All Time


Source: Money and Markets, Saturday, November 16, 2013.

All the capitalist central banks are printing money like mad in an effort, to perpetuate their fiat paper money currencies. This frantic printing of paper money is sure sign that the end is nigh for the era of fiat paper money, just as it was for the French fiat paper money fiascos.

Paper money is only money because government decrees that it is money. It is not honest money. It is contrary to the natural law of money. This is the concluding paragraph in Andrew Dickson White’s book, Fiat Money Inflation in France, “Such, briefly sketched in its leading feature, is the history of the most skillful, vigorous, and persistent attempt ever made to substitute for natural laws in finance the ability of legislated bodies, and, for a standard of value recognized throughout the world, a national standard devised by theorists and manipulated by schemers. Every other attempt of the same kind in human history, under whatever circumstances, has reached similar results in kind if not in degree; all of them show the existence of financial laws as real in their operation as those which hold the planets in their courses.” PP. 105.

“Today, the ‘reserves’ that banks rely upon to create new money have no intrinsic value whatsoever. In other words, where once a bank might issue paper money equal to ten times the value of gold or silver coins they held in the vault, today there isn’t a single ounce of gold or silver coins backing our currency. Today, our money is created using nothing but fiat paper and computer entries as reserves! There is no real money anywhere. Even worse (yes there is ‘worse’), every dollar in circulation is inextricably tied to debt. What we are forced to use today is WORSE than fiat money, it is debt money.”

“Our entire monetary system, as it now stands, is based on nothing but debt. Every physical dollar as well as every digital dollar had to be borrowed into existence. So long as our entire money supply is made up of this debt money, the bankers are guaranteed to earn interest on every single dollar, every moment it exists. It also means our debt is inescapable. To pay off every loan, we’d have to give back every dollar the bankers have created. This would reduce our money supply to zero…it can’t be done.”

“So the bankers not only profit from this debt money system, but also, they’ve structured their business in such a way that we (operating within the rules of the system) can never escape it. Who in their right mind would hand over this kind of power and control to an unelected group of financial elites? It’s nothing short of economic slavery.”

“It is important to remember, we’re in this mess not just because of the ‘unscrupulous but highly intelligent individuals who conspired to gain control of our nation’s money supply, but also because of elected officials who handed it over and continue to support (and benefit from) the arrangement.”

Dishonest Money : Financing the Road to Ruin, Plummer, Joseph. BookSurge Publishing, 2009, Chpt. 7.

I highly recommend this book.

Those, the central bankers, who believe that they have the power to circumvent the natural law governing money and currency, are displaying hubris on a gigantic scale. Such hubris will be punished with the failure of paper money, but we will all suffer the consequences.

As we can see from the two French paper money escapades discussed earlier, the great enemy of government issued paper money is gold and silver. In this latest paper currency boondoggle, which is uniquely a worldwide phenomenon, silver, and more especially gold are once again the enemy of paper money and most importantly the enemy of the U.S. dollar, which is the world’s reserve currency.

The war on gold has been ongoing since gold as a backing for currencies was abandoned, but particularly after the U.S. dollar was set up as the global reserve currency at Bretton Woods in 1944.

The initial battle was waged between 1961 and 1968 when the London Gold Pool was formed under U.S. leadership to maintain the price of gold at $35.00 (U.S.) per ounce, which was the official exchange rate for an ounce of U.S. gold. That battle was won by gold with the result that the U.S. abandoned gold as a backing for the dollar in August 1971. From then on the U.S. dollar joined the currencies of all other countries in becoming fiat paper.

In December 1974, the U.S. lifted the ban on gold ownership by U.S. citizens, but began a concerted effort to discredit gold, including resorting to publicized gold auctions. In January 1975, two million ounces were offered at auction. Gold auctions were resumed in 1978 and were ended in the following year. During the 1970s the U.S. is estimated to have auctioned as much as 530 tonnes or 17 million ounces of gold.

The IMF, which is controlled by the U.S. sold by auction 25 million ounces of gold in June 1976. This was followed by a further 44 auctions, which culminated in May 1980. During these auctions the IMF disposed of 778 tonnes of gold.

Despite these sales the price of gold rose from $35.00 (U.S.) per ounce to reach $850.00 (U.S.) per ounce in January 1980.

Between 1989 and 1998, several different countries sold almost 2,100 tonnes of gold. Among the sellers were Canada, which sold all its gold holdings and Australia which disposed of most of its gold.

In July 1999, Gordon Browne the British Chancellor of the Exchequer began a gold auction of 25 tonnes per quarter until by the final auction Britain had divested 415 tonnes or 58% of the country’s gold holdings. Apparently, according to Lonmin PLC CEO Nicholas Morell, Mr. Browne told him, “We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The U.S. Federal Reserve was very active in getting the gold price down. So was the UK.”

Following the British gold sales, there were no overt gold sales by any country. Rather, the sales went underground. This was accomplished by central banks lending gold to such entities as banks, hedge funds and in the early 2000s to gold producers, which sold the loaned gold and then repaid it out of production. Most producing gold companies have abandoned hedging to advance gold projects due to rising gold prices. No one knows how much central bank gold has been loaned. When I wrote, The War On Gold in September 1999, it was estimated that upwards of 10,000 tons of gold had been loaned by the major central banks. This amounts to approximately a third of total central bank holdings. We can guess that since 1999 central banks have loaned out considerably more of their gold holdings. No doubt, gold producing companies have repaid their borrowed gold, but banks, hedge funds and the like might have been trapped by rising gold prices and have been unable to repay the loaned gold except at a considerable loss. This might account for the savage attack on the gold price that has been waged since the price peak at $1,920 (U.S.) per ounce in September 2011 and would be similar to the reason for British gold sales after July 1999, that is bullion banks caught offside by the rising gold price.

This attack on the gold price has been made in the gold paper markets on the Comex.

The attacks on gold in the Comex are obvious and that is the way the Federal Reserve and the Treasury want it to be. They want those people, who would rather trust gold than fiat dollars, to know that they can use their unlimited supply of paper, at any time, to knock down the price of gold by selling short a huge amount of contracts in one trade, orchestrated to cause the maximum damage to the gold ‘bulls’.

This has been their ploy on several occasions, most noticeably on Friday April 12th. and the following Monday April 15, 2013. This takedown of the Comex gold price was heralded by Goldman Sachs, which had issued a sell on gold just three days before (they knew the gold bash was coming).

On that Friday, on the opening 3.4 million ounces (100 tons) of gold were offered for sale in the June futures contract. Two hours later a huge sale of 10 million ounces or more than 300 tons was sent to the floor of the Comex. “This was clearly not the case of disappointed longs leaving the market-it had the hallmarks of a concerted ‘short sale’, which by driving prices sharply lower would seek to gain further momentum by prompting others to also sell their positions as they hit their maximum acceptable losses.”

“The selling was timed for optimal impact with New York at its most liquid, while key overseas markets were open and able to feel the impact. The estimated 400 tonnes of gold futures selling in total equates to 15% of annual gold mine production.” Tyler Durden in Zerohedge, April 15, 2013.

The selling continued the following trading day, Monday April 15, 2013. In those two days the price of gold, on the Comex, fell a total of $229.00 (U.S.) per ounce. The price losses on these two days amounted to almost one half of the total gold price losses experienced in 2013.

Comdex Gold

Comex Gold, Daily Prices-Friday April 12, 2013- Monday April 15, 2013


Chart: Thomson Reuters

“Of course, the gold and silver markets are manipulated. You either have to be blind or a Harvard Graduate with a doctorate in economics to ignore the fact.”

“The purpose of the manipulation is the same as the purpose of the French Revolutionaries in attacking gold when they were printing their ‘Assignats’ paper money like crazy; to try to suppress the indicator which showed the destruction they were carrying out with unlimited printing of fiat money. Gold tells the truth so it is an enemy of those who wish to deceive their populations.”

“Gold will triumph over paper. It always has, ever since the Chinese invented paper money many centuries ago. However, in the meantime paper money is twisting the economic facts to such a degree, that enormous distortions are taking place in the markets. Enormous investment mistakes are being made. All this will become evident in due course; a gigantic collapse is going to take place and many who think they are very wealthy will find they have next to nothing.” Hugo Salinas Price in an Interview in Global Financial Blog by Guillermo Barba. February, 2014.

The paper money war on gold is drawing to a close. The war has been ongoing for 100 years, or since World War I combatants abandoned the pure gold standard system in favour of paper money. The 100 year cycle anniversary is a potent indication that the days of fiat paper currencies are coming to an end and that the gold’s monetary role is likely about to be renewed. This, perhaps, will occur in 2017. December 22, 2017 being 300 years after Sir Isaac Newton, master of the Royal Mint introduced a new ratio between gold and silver, which had the effect of putting British currency on a de facto gold standard.

The powers that be, who have been trying to control the price of gold through selling short on both the Comex and the LBMA are running out of ammunition. This ammunition is physical gold itself. Below is a chart showing the amount of paper gold versus the Registered Gold available for delivery. You can see that it is now levered at 100 to 1 and at the highest level since 2000.

In his article published on the January 21, 2014, Chris Tell at Capitalist Exploits shows that there are 370,137 ounces of Registered Gold for delivery at the Comex. Any one entity can be long 300,000 ounces of gold (Maximum 3,000 contracts each contract worth 100 ounces).This is equal to 81% of the gold supply at the Comex should just one entity purchase a limit long position and demand delivery.

Comdex Gold Leverage Ratio


Chart: Chris Tell at http://capitalistexploits

It is a similar story for gold at the LBMA. In a Bloomberg clip dated December 21, 2013, Kenneth Hoffman reported “You could go into a vault in London a couple of years ago. The vaults were packed to the rafters with gold, and the gold would trade from me you to somebody else. You can walk into those vaults today and they are virtually empty. All that gold (26 million ounces has been transferred from London and has gone to Switzerland where it has been recast to higher grade formats and shipped off to Hong Kong and then to China never to return.”

As in past fiat money regimes, governments have been desperately trying to maintain the facade that paper is as good as gold. It is a battle that they have never won and another one that they are about to lose.

We are now on the brink of a financial calamity, far greater than any yet experienced. What we are about to encounter will make the 2008 crisis seem minor by comparison.

Nevertheless, even in 2008, it seemed the world stood on the brink of disaster brought about by a debt collapse, principally in the United States and Great Britain. At that time credit essentially stopped operating. Banks refused overnight lending to other banks, because they did not trust the collateral for the loan.

According to Ellen Brown in a report entitled, Is Homeland Security Preparing for the Next Wall Street Collapse, published in Le Metropole Cafe, Gordon Brown, then British Prime Minister anticipated huge social unrest in Britain during the 2008 banking crisis.

“An article on BBC News on September 21, 2013, drew from an explosive autobiography called Power Trip by Brown’s spin doctor Damian McBride, who said the prime minister was worried that law and order could collapse during the financial crisis. McBride quoted Brown as saying:”

“‘If the banks are shutting their doors, and cash points aren’t working, and people go to Tesco (a grocery chain) and their cards aren’t being accepted, the whole thing will just explode.”‘

“‘If you can’t buy food or petrol or medicine for your kids, people will just start breaking the windows and helping themselves.”‘

“‘And as soon as people see that on TV, that’s the end, because everyone will think that’s OK now, that’s just what we all have to do. It’ll be anarchy. That’s what could happen tomorrow.”‘

“How to deal with the threat? Brown said, ‘We’d have to think: do we have curfews, do we put the Army on the streets, how do we get order back?”‘

We can anticipate that Gordon Brown’s worst fears, and then some, are about to be realized. Excessive monetary printing by the world’s central banks is a sure sign that the end of the fiat paper currencies is at hand.

Natural law, which is the basis for the honest operation of all markets, has been circumvented by fiat money. There is no such thing today as a free market, where buyers and sellers determine prices independent of outside influence. Prices are manipulated by central banks printing copious amounts of paper money and by their banking cronies; stock and bond prices to the upside and precious metals and precious metals companies’ share prices to the downside. This grotesque price manipulation is almost at an end.

What we can deduce from our understanding of financial cycles is that stock bear markets, the world wide economic depression and the collapse of fiat paper money is about to unfold with unparalleled ferocity due to the hubris exhibited by world leaders and central bankers, who believe that through their ability to create money out of nothing, they have the means whereby they can defeat the natural law of money and the financial markets. We are going to pay a huge price for their unsurpassed arrogance.

Note Brokering Companies in San Diego

The Harp Refinance Program

The federal program HARP, continues to have increased presence in homeowners refinance options. Senior Loan Officer Rob Chomentowski of San Diego Mortgage Blog, has been assisting homeowners with HARP refinance since its inception in March 2009.

HARP, or Home Affordable Refinance Program, was set up by the Federal Housing Finance Agency to assist those homeowners who are underwater with their mortgage. This program differs from the HAMP program which helps homeowners who are in danger of foreclosure. HARP, helps those homeowners whose mortgage payments are current but are unable to refinance due to their mortgage being underwater, or when the value of the home is less than what is owned on the loan. The HARP program would lower their monthly payments.

Rob Chomentowski states, “The beauty of this program is it doesn’t matter how upside down you are on your property, HARP will allow you to refinance”. The mortgage must be guaranteed by Freddie Mac, or Fannie Mae along with a current loan to value ratio greater than 80%. “Many homeowners don’t even know if their loan is guaranteed by Freddie Mac, or Fannie Mae. I can find out for them and see if they qualify for HARP”.

A new program dubbed HARP 3.0 is an update currently under consideration by Congress. This 3.0 program would allow more homeowners to qualify in that home owner loans would not have to be backed by Freddie Mac, or Fannie Mae. Other changes eliminate the eligibility cut- off date, and even allow “re-HARPing”, for those homeowners who have already refinance through the HARP program once before. Under 3.0, a homeowner can be late on one payment in the past 6 months, and loosen requirements for employment and income verifications. This HARP 3.0 has been stuck in congress since February.
To keep up to date on HARP 3.0, or to apply for a refinance under the current HARP qualifications, contact Rob Chomentowski, with Affinity Financial and owner of San Diego Mortgage Blog.

The company is a San Diego based mortgage company with over 20 years experience in the mortgage industry. Homeloan8@gmail.com or 888-242-1724.



The English are feeling the pinch in relation to recent events in Syria and have therefore raised their security level from “Miffed” to “Peeved.” Soon, though, security levels may be raised yet again to “Irritated” or even “A Bit Cross.” The English have not been “A Bit Cross” since the blitz in 1940 when tea supplies nearly ran out. Terrorists have been re-categorized from “Tiresome” to “A Bloody Nuisance.” The last time the British issued a “Bloody Nuisance” warning level was in 1588, when threatened by the Spanish Armada.

The Scots have raised their threat level from “Pissed Off” to “Let’s get the Bastards.” They don’t have any other levels. This is the reason they have been used on the front line of the British army for the last 300 years.

The French government announced yesterday that it has raised its terror alert level from “Run” to “Hide.” The only two higher levels in France are “Collaborate” and “Surrender.” The rise was precipitated by a recent fire that destroyed France ‘s white flag factory, effectively paralyzing the country’s military capability.

Italy has increased the alert level from “Shout Loudly and Excitedly” to “Elaborate Military Posturing.” Two more levels remain: “Ineffective Combat Operations” and “Change Sides.”

The Germans have increased their alert state from “Disdainful Arrogance” to “Dress in Uniform and Sing Marching Songs.” They also have two higher levels: “Invade a Neighbour” and “Lose.”

Belgians, on the other hand, are all on holiday as usual; the only threat they are worried about is NATO pulling out of Brussels.

The Spanish are all excited to see their new submarines ready to deploy. These beautifully designed subs have glass bottoms so the new Spanish navy can get a really good look at the old Spanish navy.

Australia, meanwhile, has raised its security level from “No worries” to “She’ll be right, Mate.” Two more escalation levels remain: “Crikey! I think we’ll need to cancel the barbie this weekend!” and “The barbie is cancelled.” So far no situation has ever warranted use of the last final escalation level.

John Cleese,
British writer, actor and tall person

And as a final thought – Greece is collapsing, the Iranians are getting aggressive, and Rome is in disarray. Welcome back to 430 BC.

Life is too short…

Note Buyers Can Help You Raise The Cash You Need

A new breed of real estate investor has sprung up over the last few years, the real estate note investor. Investing in real estate notes is not new but it has seen a huge revival. There are basically to types of note buyers.

Note Buyers – We Buy Notes Fast

1) Note Buyers or Note Investors who buy performing seller financed notes from people hold real estate paper, also know as real estate promissory notes or real estate mortgages.

There are many reason a note holder might want to sell a note to a note buyer.

You might want to raise some cash to pay off some bills or you might want to sell you note to have a great vacation.

If you are a note holder and you need to raise just a little cash you could sell just a partial interest in a note for example say you own a $100,000 note that pays you 7% over 10 years, you could sell several years of payments to a note investor. Some Note Investors prefer to do this as it is less risk for them.

Note Buyers

2) Non Performing Note Buyers: These are Investors that bad delinquent mortgages or notes mainly from large institutional banks. There are Billions of dollars of bad mortgages or bad real estate promissory notes and many Investors are making a fortune from buying these bad debts from the banks and turning the non performing notes into performing notes.

Hugh Laurie & Stephen Colbert Read a List of Bad Words You Can Say on Basic Cable TV

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Veterans Don’t have to wait forever to buy a new home after a short sale

Miltary Veterans can now get a va loan in a little as one year after a short sale or foreclosure. VA Home loan offer some of the best rates and require very little or nothing down.

va loan after short sale

Top Reasons To Get A VA Home Loan

The Federal Savings Bank explains why it’s advantageous to obtain a VA Home Loan.

Chicago, IL (PRWEB) August 02, 2013

With countless home financing options out there, The Federal Savings Bank informs its prospective veteran applicants that it’s important to understand and take advantage of the benefits involved with VA home loan.

“Other loans simply cannot compete with a zero money down payment which is offered specifically with VA home loans” says Nick, a Bank at The Federal Savings Bank.

Once a prospective homeowner establishes his or her VA home loan eligibility by obtaining a Certificate of Eligibility (COE), they can utilize a VA home loan to finance their home and reap the benefits that come with it. However, just because an individual has a COE, that does not guarantee that will be approved for a VA home loan. The “guaranty” refers to the Department of Veterans Affairs to repay the lender in full if the borrower defaults on the loan. Even though you don’t need perfect credit, a VA home loan still employs comprehensive underwriting to ensure a homeowner does not default. There are still VA mortgage guidelines that must be met in order to be approved for a mortgage.

Top Reasons To Get A VA Home Loan | VA Loan After a Short Sale
As the U.S. economy expands, so do the mortgage choices available to today’s home buyers and refinancing households. For those meeting eligibility requirements, though, the optimal loan choice is often the VA loan. The VA 

10 Common VA Loan Questions Asked By U.S. Home Buyers And




The Worst Dream I Ever Had

This past Thursday night, I had houseguests who I stayed up late with (3:45 am) and got up early with (8:00 am). In between, the flu I had been nursing woke me up at 5:30 am, and between the sick and lack of sleep, I spent the day in bed. No, I am not an alcoholic. Stop looking at me that way.

After dropping my buddies at the train (hence the early wake-up call), I slithered back under the sheets. I lay there for hours half conscious, falling into that twilight where your exhausted body shuts down, but you don’t quite make that crucial somersault into REM, dream sleep. In a way, it was worse than death, because sleep -real, refreshing, “Off-to-the-Land-of-Nod” sleep- simply would not come.

And then, perhaps around 3:00 in the afternoon, I drifted off.

The scene is a party at the Bush Family compound, where I’m kind of buzzed and in need of a lift home: former President George W. Bush volunteers.

So off we go in his car (which, if my memory serves, was some 1970s thing with more than a little rust on the sides), when he suddenly takes an unexpected detour.

“Where are we going?” I ask him. “This isn’t the way to my house.” The former President gives me that infamous smirk and laughs his little heh heh heh. Then, he reaches out and pinches my cheek. “Don’t you worry about nothin’,” he mutters. “Heh heh heh.”

I glance at his face, and he’s got this creepy look in his eye. At this point I realize we’re driving up a really steep mountain, through the bizarre remains of some of-of-business amusement park. The President slides his hand across the seat and tries to rub my thigh.

“OH NO!” I yell, jerking away. “Oh NO, motherfucker, we are NOT playing THAT game!” I push open the car door and jump out. He grinds to a halt and come out after me. I realize I’m in trouble -the 43rd President of the US is trying to rape me- and I go into fight or flight mode. I’m searching around frantically for a rock or a stick, but there’s nothing in sight: it’s going to be hand to hand, and that motherfucker is a LOT bigger than me.

Bush is advancing, smirking and heh-heh-hehing, and I raise my fists to fight, when suddenly…

Barbara Bush steps out of the shadows, and yells “George! Just what do you think you’re doing?”

He whirls around, stunned; then, casting head down, he mumbles, “Nothing, ma.”

This is when I stumble over a brick. I grab it and shake it at the President and yell “Man, come over here now and I’ll fucking brain you, motherfucker!”

But as I yell the words, I know it’s all fake, just bravado and bluster. I was saved by Bush’s mom.

And that’s when I woke up. True story.

When I Wrote Rants Like This….

politics – Comments Off – Posted on May, 2 at 12:30 pm

…people suggested I might be psychotic:

Hey- Clive Crook- how has austerity hurt you? Wait? What? Your Roth and 401 and other investments are doing fine because the market is through the roof? While worker’s wages are crashing and the rest of the population is now basically reduced to slave labor? And while your dickhead Republican friends are looking at those people making minimum wage or less, and deciding the real place for budget cuts is to food stamps and welfare while we talk about fucking medicare patients, slash medicaid, and now the scumbags who put us in this mess are gunning for Pete Peterson’s social security slashing. Remember when we had a social security surplus, and C+ Augustus gave it away to the Koch brothers and Richie Rich while expanding a give out to pharm companies, excuse me, I mean expanding Medicare but not allowing for competitive bids. Nothing is going to change until Clive Crook and his asshole friends are gutted in the streets like something you see in the movies. Fuck them. Fuck them all. In case I was not clear- FUCK THEM ALL.

Not that Mr. Cole is wrong. He’s not, and frankly the day that the aptly named Clive Crook is butchered by an angry mob, I want to be the one who forces him to look at his own disemboweled intestines as he bleeds out.

Bu the above is what writing too much about politics will do to you.

This Sunday, May 5, I will be running my first official race: the 2013 Broad Street Run.

As you can imagine, I’m looking forward to this, although I am not exactly looking forward to getting up before 5:00 AM or heading out into the early morning chill in nothing more than running shorts and a short sleeved shirt. I’m in the grey corral, based on an anticipated time of 1:30-1:40. I’m going to try to beat this time, although I have never really timed myself, or tried to measure my time or my pace. I run for the same reasons my friend Moura does:

I do not know my average. I do not keep a log. I cannot tell you my race times. Sometimes I am fast. Sometimes I am slow.

But I run. I sweat. I do not mist.

I run in the cold, in the heat, in the rain, in the snow. (But not in the ice—I draw the line at ice.) I run injured, healthy, hung-over, busy, bored, tired, heartbroken, in love, in failure, and in success…

I am a runner.

It was not the achievement that was important. It was the doing. It was the running. It was the verb…

[I] run because I want to run for the rest of my life. I run because life is sometimes hard, and running makes me strong. Running makes it easier.

But in order to run, you must keep on running. It’s all about the verb.

I’ve been on tour quite a bit lately, and only able to pull off brief runs of 3-5 miles, and often I haven’t had the time for even that. But I’ve plugged away to the extent that I can. But on returning to Philly this weekend, and knowing I had a race in front of me and no tour on the horizon, I’ve gotten back into the swing of things. 11.5 miles on Monday, and another 4 on Tuesday. I’m taking today off and hitting the bricks again Thursday and Friday for another long and short.

Because like the song goes, “We don’t know when to stop.”

Philadelphia, crime, guns – Comments Off – Posted on April, 29 at 1:07 pm

One of my regular reads is Philadelphia Gun Crisis, a photojournalism blog that reports on the rampant, spine-curdling gun violence in our city.

To my mind, guns are the worst kind of weapons when used in crime. Not because they are more effective than a knife or a club when killing a person (although they are), but because the odds that other people will get killed as well are exponentially higher. You always read about how some poor child or little old lady got mowed down or paralyzed because the bullet missed its intended target and wound up flying through a window or door. The sheer ease with which guns can be used is also troubling: if you want to kill someone with a knife or a club, you have to get in pretty close. With a gun, you just have to pull it out and pop pop pop, there’s a body on the ground.

Every Sunday, Gun Crisis publishes its Week in Review. Each headline is a link: this week saw an arrest for a double homicide in Kensington, a 10 year old wanted for mugging people with a toy gun, a man with four bullets in his head, an eight year old child witness to a different double homicide in Kensington (this one is particularly hideous), and several more, including a man shot dead and discovered n a burning house a few blocks from where I live.

There is a lot to love about Philadelphia, a tough city with a lot of heart. But our murder rate is not one of them.

Update: I almost forgot about the guy who rode up to a car on his bicycle, and killed the driver. Dumbfuck either didn’t know or didn’t care that a goddamn marked cop car was right behind him the whole time You can read about the judge that allowed this menace on the street, and watch video of the bloody aftermath here (NSFW).

West Virginia

arts and music, traveling and touring – Comments Off – Posted on April, 29 at 12:41 pm

…is a state filled with beautiful mountains.

And somewhere in those mountains, along the banks of a river, is a little arty town called Thomas, where I played this past Saturday night, at the Purple Fiddle.

It is exactly the kind of place I would go if I wanted to hole up of a year or two and write a novel.

Recent Visitors

blogs – Comments Off – Posted on April, 25 at 7:31 pm

Reviewing ye olde site-meter for the first time in years, I see that someone popped by for 17 minute visit, and 8 different page views.

What kind of masochist does this?


Philadelphia, personal well-being – Comments Off – Posted on April, 24 at 12:05 pm

So after two weeks in California, I arrived back in Philadelphia at 5:45 AM last Friday. I wasn’t exactly looking forward to returning (who would, after two weeks of sunshine and flowers) but tried to put my mind in that “clean slate” frame.

The cabbie tried to rip me off by taking a circuitous route home. My street was littered with trash. My neighbor’s front yard, which we share, was overgrown with crabgrass. It didn’t take very long to hear people on the street loudly referring to each other as “nigger” and “motherfucker”. I got stuck behind someone double-parked, and could see that there was a HUGE parking spot she could have been using.

And I thought to myself, “I can do better than this. I can do a lot better than this.”

Deep thoughts on a Wednesday morning.