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Evolving Arts 2010
Financial Predictions
(Please consult Archives below to review all prior years.)
#1. America Not As
We Know It
A new America is being born as
we speak. Not a nation of union but a nation of division.
Unlike the Civil War, a battle between two divisions, America
will become a nation of many divisions: the ruling rich, the
struggling poor and what will be left of a vanishing
middle-class—with many divisions emanating out of each of
the three divisions. The question now is: is America worth
fighting for or should we become expats, hoard whatever money
we have and find another country?
I, for one, still feel a debt to America, for she gave me the
opportunity to grow and develop without fear of reprisal from
government or society; however, it should be noted as I was
growing up, this was still a land of opportunity where people
tried to communicate with one another and were still open to
new ideas. Since I began a career in the performing arts, it
was essential for me to find other creative artists. Nowadays,
the arts have become so commercialized and valueless that I do
the bulk of my creative work in my studio but, at least, for
now I don’t need to worry about censorship or government
intrusion.
Moreover, that could change in a whisker. Whenever the Greatest
Depression ultimately hits, the rich will lay down stringent
laws to keep us in place and the poor will either take to the
streets or start a massive rebellion. In either case, I
don’t think I’ll stick around, thank you.
America is no longer a nation but a land of fend for
oneself—get whatever you can while you can get it. Once
the entitlements run out, who will be left? Certainly not our
political programmers, bankers and CEO’s who will take
their money and run. Our savings, our IRA’s, our
401K’s will be confiscated “for the good of the
country.” Once I see that on the horizon, my family will
seek a safe haven. Until that point in time, I will try in my
small way to communicate with those who still believe and work
to preserve the principles that once made this a great
land…
#2. The Grand
Masterplan-Manipulation Scheme
Our planners (the politicians,
the Fed, the bankers, the military) are constantly working out
schemes to defend their strongholds, their problem being many
of their schemes run antithetical to each other: the stock and
bond markets, the dollar, real estate and the banking system.
First things first=Government Treasuries…Without a
manipulated Treasury market, the house of cards dissolves.
Interest rates soar. The Fed is forced to “liquefy”
their failing ponzi scheme. Ostensibly, the Fed and Treasury
think they can keep rates next to zero so that they will pay
little to no interest on their debts, all of which is a farce
since they have no intention of ever paying off debt. Their
scheme is simply an old bumpkin- country-store trick where the
farmer or logger walks into the store at payday, pays off his
bill, then recharges twice as much. Eventually, the bill
becomes so astronomical, it is time to leave town and relocate.
Guess what? When the time comes to relocate, these Fed and
Treasury bums will have been voted out of office, will have
relocated and left America with riches and an insurmountable
debt.
Secondly, by controlling/distorting statistics (GDP,
unemployment, deficits, etc.), the Gov is able to con the
media, “economists”, institutions and the general
public into believing the stock market is ready to shoot into
the stratosphere! Weren’t these the very same buffoons
who told us for months that there was no recession, then no
financial crisis and now how they are gods for averting a
worldwide collapse? Wall Street—not Main Street-- is
clear proof when we have prosperity again. And…if we can
keep printing money and getting the consumer to keep charging,
that will be clear proof to the gullible how the consumer is
well again. Before, it was dumb debt that helped create the
bubble; now, we have smart debt…so long as the great
band of Tex Benake can keep the printing press music going.
Good luck! It has never worked before.
The third government Masterplan is to cheapen the dollar in
increments so that nobody is alarmed by its erosion. Were the
boyz to have their druthers, the dollar would be deflated to
ground zero but, for the sake of ruling the world as a reserve
currency, the dollar must make the motions of being sound.
Furthermore, if America plays up how sound her currency is
compared to the PIGS currency via the Euro, this will be
infinite amounts of “safe haven” time. What happens
in the future is of no concern to our Master Planners. Like
pigs (sorry to insult you, pigs), they live day by day—on
the next meal.
Last but not least=hyper-inflation. Tex and his band are hoping
that by creating more real-estate bubbles, those 200+ in
derivatives will be bail the banks out and bubble to the stock
market into infinity. This will work just as well as it did in
Zimbabwe where the market did go up 2,000%+ and, oh by the way,
the cost of living went up 2,000+ times that. Because of the
lapse between deflation and printing press hyper-inflation, the
year’s lag is making all those government bozos look like
champs…chimps? (Sorry, chimps, I didn’t mean to
insult you.)
#3. Gold and Silver
on Roller Coasters
When the Weimar
“Republic” turned on their printing presses, this
was a solitary act. Not so anymore, as the world’s
monetary centers are in collusion to print their way out of the
next Depression. What does this mean for gold and silver? It
should mean upward thrusts, however…the gold/silver
markets are thin compared to the bond and currency markets.
Manipulation by naked shorting could last far longer than
imagined—until the world currency bubbles burst. The hold
cards in this poker bluff and whether the Asian economies will
go along with this scheme. As of 2010, it behooves them to
import this funny money and allow commodity manipulation.
Eventually—and I predict late 2010, these manipulations
will create a dearth of commodities and it will
boomerang—sending commodities into the stratosphere. Hold
on for a wild ride!
#4. Continuation of
Crime
It amuses me how, on Cops,
they will catch a shoplifter walk out with a ten dollar cake,
get caught on camera and later arrested and jailed, while
CEO’s who have absconded with millions of dollars are
protected by de-regulation. Also amusing is how states can no
longer afford to house murderers, rapists and child-molesters
and release them back into “Society” on
good-behavior.
Similar to the Govt. economic stats, states have learned to
mollycoddle the true crime rates so that people will not swarm
out of their tax base. Recently, for instance, my family had
five prize bikes stolen—all tied down by heavy duty
cables. The police were more amazed that we rode
top-of-the-line mountain bikes than Sears’s specials.
This only invited temptation in their eyes. Better to steal a
$10 cake on video than, as Nancy Reagan carped, “Tempt a
good child to go bad.’
#5. The Farce of
Debt
Incredible how politicians
scream and yell about how exorbitant National Health Care is
when they are doling out myriads more on protracted wars,
bailing out the banks and preserving their salaries. The
Treasury and Fed never intend to pay back the National Debt. It
is no more than a farce, a political football, Theatre of the
Absurd—than any semblance to reality.
#6. The Obama
Disillusionment
Obama ran on that old
traditional Democratic-Dove-Peace-Harmony platform. Whether he
intended it that way or not, whether his “advisors”
convinced him otherwise or whether he just wants to play
“Obama-Claus” and give everyone everything they
would like, it has turned out to be politics-as-usual. Instead
of decreasing military expenditures as promised, he has
exceeded the Bushman’s record military budget by over
10%, lined the banker’s pockets with billions of TARP
monies (with Main Street getting the trickle down dregs) and
has added more debt than the past century’s deficits
added together. He was elected by promising. Unfortunately,
promises without knowledge and expertise are more bags of
bubbles. When these bubbles explode, they will act more like
volcanoes. Run for the hills ahead of time!
#7. One Big
Football Game
What we’ll see in 2010
is the third quarter of the football game. In the first
quarter, the financial components got blitzed and were down
35-0 as the quarter ended. Through bribing the refs (SEC,
rating services. Congress), the Fed and Treasury were able to
allow financial institutions to assess their own valuations on
“ass’ets”—rather than
Mark-to-marketing. This gave the illusion that the banking
system had bounced back, could again float bonds and sucker
more of the public into subscribing into their Too-Big-To-Fail
Follies. Thus, the markets were able to recoup about 60% of
their first quarter losses and after a few falters, we now have
about five minutes to go before halftime—with the score
Crash 41 Prosperity 28 (as far as the markets
perceive—not as far as earnings reality manifests).
At halftime, August 2010, we should have even a closer
score—perhaps 44-38, then I fully expect Sept to be a
repeat of 2008 (a similar time frame to the ’29 crash).
The only way Prosperity can take a halftime comeback lead is
for hyper-inflation to start jacking up GDP and interest rates
to be manipulated at rock bottom—giving the illusion to
the Govt/Fed gods have prevailed!
The third quarter ending in 2011 and a similar crash to 2008
will be ugly and the fourth quarter even uglier. Maybe since
the scoring will be so high, we should make this a basketball
ball—with the final being around 125-62. What letter best
describes the Crash? It’s not a V or a W but more a
reverse Y with left top being 1st quarter, middle second,
bottom third and back to center and fourth back to bottom and
beyond. Have fun playing Y football and you’ll never go
wrong in these markets!
Review of 2009
Financial Predictions
(Please consult Archives below to review all prior years.)
#1. A Huge Stock
Market Sucker's Rally
77% correct...The Suckers
Rally went exactly as predicted, the only fly in the ointment
being the phony money released by the Feds went almost entirely
to the banks who "reinvested" their loot into manipulating any
and all markets. The hyper-inflation was strictly in monetary
madness--not in prices. The end of 2010 will evince
hyper-price-inflation.
#2. Cost of Living Will Barely Budge
100% accurate--with deflation offsetting the money spigots.
#3. Treasury Secy & Bernanke Will Be Revealed As Impotent
50% accurate. For the cognoscenti and our creditors who saw through their charade, it was obvious that they were foisting on the gullible even bigger bubbles. The public, media and Nobel fell for the propoganda.
#4. Be Prepared For Cuts in Infrastructure; Taxes Up not Down
101% accurate. With California, Michigan, Nevada and teetering States on the brink of bankruptcy, numerous services were abandoned. 2011 will amass an even greater demise in Infrastructure.
#5. A Return To The Good-Ole' Days
77% accurate. Although young people are starting to move back in with mom and dad and people are starting to seep out of the cities, various govt. stimuli have interrupted a potential tidal exodus. Wait till gov. money runs out!
#6. Bank Holidays
50% accurate. Although hundreds of banks are busted, the Feds contrived ways for the taxpayers to foot the bill and, thus, stave off bank runs. Zombie banks will continue to pervade the landscape for 2010--until the taxpayers wake up and realize they are the ones liable.
#7. World Turmoil
77% accurate. There is world turmoil, however, it is still in the stage of non-violence. The world is fast becoming a caldron of social, military and economic turmoil. When the credit countries (BRIC, etc) finally conclude they are never going to be repaid by the debit countries (PIGS, etc), all hell will break loose!
Le scott, founder/director, TEA - December,
2009
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