Insane Debt Growth!

The picture above is scary. It shows the insane growth in debt by the Federal government. Note the exponential growth. Can this train be stopped?

I doubt it.

I think that the US has passed the point of no return. It has reached a point where the interest on the debt is growing faster than any possible realistic fiscal plan can stop. We are now paying tens of billions of dollars every year on interest on interest!

Is it possible that the US will be able to get to a fiscal surplus of hundreds of billions of dollars per year? That is what is necessary to simply keep up with the interest payments and keep them under control.

Oh, wait. What happens if interest rates go above their insanely low levels? What if the Treasury has to start paying 3% or 4% on short term interest rates and 7% or 8% on long term bonds? Forget it, now there is no way to catch up to the interest payments.

So this means that the Fed will keep rates too low and inflation will skyrocket and that is the only way that the US government can hope to get out of this fiscal mess.

Posted in Economics | Leave a comment

3 Reasons Why There Won’t Be a US Debt Default


  1. It is unconstitutional! The Constitution actually forbids that the US defaults on any of its debt. This provision was put in after the Revolutionary War to give people, particularly soldiers, and foreign governments that the US would not do what other countries often did after a war: default. In fact, the US has never defaulted even after the Civil War.
  2. There is no reason for a default. Let’s say that on August 3, the latest drop dead date given by Turbo Tax Timmy Geithner, that the debt ceiling has been reached. All that means is that the President will have to stop making some payments and keeping others. For example, they have to keep sending out checks to Medicare because that is an entitlement. But they don’t have to send checks to Raytheon for building bombers. They don’t have to send checks for a myriad of activities. The point is that there is no need to ever default but it does require the President to make some choices on what is paid and what isn’t. This is not a debt limit problem but a spending problem.
  3. Politicians always seem to find a way to muddle through. They always seem to find a way to craft a compromise at the last minute to get us going through such situations. However, I must say that this time there is more spine in the backs of some Republicans with the Tea Party holding their feet to the fires so it is possible that this last reason is not as compelling as in years before.
Posted in Investing General | 1 Comment

27 Hours to Travel to Singapore! Exhausted!

I just got back to Singapore after spending 27 hours on three different plane trips!

I hate jet lag! It’s the only thing in my life that I don’t like. It knocks me out for about a week each time I go back and forth to/from Asia/US.

I use the usual melatonin and that helps but I’d love to hear anybody else’s suggestions!

Posted in Lifestyle | 2 Comments

Caring

The most powerful marketing strategy of all is to care. Care about your clients and your prospects.

In every business I am involved with, I have a section called Show The Love. I believe that caring is the most powerful business strategy there is. Care about your clients. Will they ever go anywhere else? Not a chance!

How many businesses do you do business with that you feel the caring? I’ll bet the answer is zero.

But isn’t that what we all crave as people? Don’t we all want to be cared for?

Caring about your customers is the ultimate marketing strategy. Show the love today!

Posted in Business, Lifestyle | Leave a comment

Incredible Weekend with Freedom Trader Intensive!

I just did the most amazing seminar over the weekend with over 600 people! This event was organized by Peak Potentials and will be duplicated in Orlando in a couple of weeks. It was fantastic! The people there were unbelievable! There was such a great energy!

I highly recommend signing up the the next Freedom Trader Intensive coming up. Check it out at the Peak Potentials site!

Posted in Lifestyle | 20 Comments

Special Precious Metals Seminar This Weekend!

Would you like to know how to profit from the explosive move in gold and silver right now?

Are you concerned about the upcoming hyper inflation and how you can protect yourself right now?

Then I think you will be very interested in our new upcoming seminar on precious metals investing. This one day seminar is jam packed with usable information to help you profit and protect yourself against the ravages of the coming hyper inflation.

The key speaker is David Morgan who is truly Mr. Silver. He has spent his entire adult life studying and profiting from precious metals, mainly silver. He is a recognized expert in silver and has been quoted on TV and magazines for many years. He has spoken at conferences around the world. I am truly honored to share the stage with him!

This powerful seminar will teach you ways to profit and protect yourself and your family from the coming ravages of inflation. Here are just some of the things you will learn:

How to analyze the gold and silver markets so you will know when to buy and sell

How to use technical analysis to fine tune your entries and make sure that you control the risk in owning precious metals

How to know if you should buy more gold or more silver

Whether you should own bullion, coins, ETFs, or futures

How to pick mining stocks for massive profits

Where should you buy bullion and coins

How and where should you store your bullion and coins

You will also receive:

A six month subscription to David Morgan’s amazing silver newsletter

Everyone will receive a preloaded flash drive with Special Reports and Videos

A six month subscription to Courtney Smith’s Wall Street Wealthbuilder newsletter

As a very special bonus for those who sign up before May 4, we will give you a special one ounce silver medallion! This beautiful medallion will grow in value for years to come!

This is a one day seminar but it will run from 9 am until about 9 pm. A full day jam packed with unique and powerful information to make money and protect yourself.

If you are looking to make money or protect yourself against inflation and other economic worries then this seminar is for you.

Your investment is only $996 for the full day of power packed education plus all the bonuses including the full ounce of silver. That investment will repay you many times over during the coming years.

I don’t want you to worry if this seminar is for you. So I will offer you a full money back guarantee. Take the seminar. Get all the bonuses. Then, at the end of the seminar, for any reason, you don’t feel fully satisfied that you received great information that will help you profit and protect yourself, I will give you back all your enrollment fee! You have no risk!

Click here to enroll!

Posted in Investing General | Leave a comment

How To Make Money with Stock Buybacks

Posted in Investing General | 1 Comment

New Courses Announced for US and Canada!

I’ve just posted several new exciting courses. Click on the Upcoming Events tab above for details.

I’m doing my famous Extreme Profits course on June 11. I’ll be doing Advanced Stock Trading on July 2. Options trading on July 3.

Please take a look! I’d love to see you at one of them!

Posted in Investing General | Leave a comment

Excellent tips on running a business

Here are some fun ideas on how to run a business.

Fun!

Bruce Mau Design.

Posted in Business | 1 Comment

Major Tactical Change! I’m Bearish Near term!

I’m now turning changing my short term outlook for the stock market. I am now firmly bearish. This is a significant tactical change for me. I’m still bullish for the end of the year but believe that the market will suffer over the near term. Here’s why.
First, the Fed is essentially tightening as they stop quantitative easing. A lack of loosening is the same as a tightening to market action.
Second, virtually all other central banks are tightening.
Third, the economy is weakening as expected which will shake the confidence of the market.
Finally, I’ve been playing with my new analytical took, http://SeasonalFuturesCharts.com and it shows that the stock market drops from May 18 to June 27 85% of the time! This stunning bearish seasonal should not be ignored.
I’m still looking for higher prices at the end of the year as the economy will strengthen and the seasonals will turn bullish.
Posted in Investing General, Stocks | 1 Comment