January 25, 2008
We have received many inquiries recently regarding the difference between our premium subscription services and the free information we deliver through many various forums. Quite honestly, the difference is enormous as we provide very specific information only to our subscription members. In response, we’ve decided to offer a sneak peak into our subscription only information, available here.
Technorati Tags: crisis investing, global economic crisis, smartknowledgeu
January 24th, 2008
January 25, 2008-
Here are some links to take a sneak peak at the valuable information we’ve provided on the SmartKnowledgeU™ Facebook Group, “Crisis Investing”. All of these articles were posted several months ago in October of 2007. Some recent articles at this forum include the following: “To Make Money From this Crisis, You Must be Courageous”, “Remain Forward Thinking” and more.
October 21, 2007 - Are We at the Tipping Point?
“Let’s take a look at some of the points I discussed during my discussion of the coming investment crisis at the Pan Pacific in Asia on September 6th, 2007. Back then, these were my exact quotes.
I stated that the effects of the subprime fallout were far from over though all the touts in the media were trying to convince people that it was now time to buy. I stated that “increased volatility [in U.S. markets would happen] as $370 billion in subprime mortgages re-set to higher rates with $50 billion in September…and $30 billion every month thereafter”. OUTCOME: The Dow shed 370 points October 19, 2007.
I stated that “a deepening correction in global stock markets was likely to occur”. OUTCOME: Tokyo this morning is tumbling big time, down 2.9%, Australia is down 1.3% and South Korea is plummeting 4.7% in very early trading.
If you don’t listen to the talking heads in the investment media that tell you every dip in the market is a buying opportunity, then you can understand how certain fundamental conditions of the global economy will lead to inevitable circumstances and outcomes.” Read the entire article by joining this group at Facebook.
October 16, 2007 - Hot Air Can Make a Lot of Things Rise, Even Stock Markets
“In the last forum post, I mentioned that the U.S. stock market can APPEAR healthy even when the underlying economy is in worse shape than an alcoholic on a kidney dialysis machine. As markets continue to climb higher in the face of manufactured, political-agenda serving government statistics and interest rate cuts, I guarantee you the same rally cries will appear from all the bulls (aka sales people, I mean company men and women) that this is bull run of historical proportions and that you better come along for the ride. ” Read the entire article by joining this forum at Facebook.
October 8, 2007 - How to Build a Fortune From the Coming Crisis
“Those of you that have been reading my blog and newsletters for a while know that I view the vast majority of government released economic reports as nothing but manufactured, cooked reports designed to generate whatever confidence governments need from their citizens to hide the instabilities inherent in the economy yet keep stock markets growing. In the U.S., the reported numbers about inflation, housing starts, and so forth are so distorted and distant from reality that they are virtually meaningless. I’ve always said the same about the statements made by the most powerful Central Bank in the world, the U.S. Federal Reserve. Yet at times, their Chairmen have been exceedingly honest in their comments, though the masses seem to ignore them.” Read the entire article by joining this forum at Facebook.
This is a closed group and not available to everyone. However, you can request access to all the bulletins at this group, including ALL RECENT postings, as well as future postings, by joining Facebook (a free service), performing a group search for “Crisis Investing” on Facebook, and requesting to be added. Please DO NOT send any requests directly to J.S. Kim requesting to be added to this group. If you do, you will NOT be added to this investment forum. Thanks.
Technorati Tags: crisis investing, recession, global economic crisis, gold
January 24th, 2008
January 24, 2008-
At first glance, most investors might read the headline of this article with great confusion. After all, with a 600 point turnaround in the DJIA and significant rallies in Asian and European markets triggered by the cut, isn’t this exactly what the markets needed? My answer is definitively no, and let me explain why. Let’s take a look back at history to learn how the markets will behave going forward. On September 19th, I wrote a blog entry titled, “Why the U.S. Fed’s 0.50% Rate Cut Won’t Save the U.S. Markets”. In the article, I outlined several reasons why the 0.50% wouldn’t save the U.S. markets.
Back then, on September 19th, 2007, I stated: “Alan Greenspan made this statement in 1966, 20 years before he would serve as Chairman of the U.S. Federal Reserve for almost two decades: “Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights”. One only need to understand the truth in that comment to understand where your money should be invested and why this mini-rally in global markets spurred by the Fed’s decision to cut the Federal Funds rate by 0.50%, even if it should extend into a larger rally, should cause you to be scared, and very scared at that.”
Today: What happened after I made that comment? The DJIA rallied to about 14,000 and then proceeded to plummet more than 1,700 points in a matter of weeks. The same problems that existed on September 19th, still exist today. That is an indisputable fact. Remember, just several months ago, U.S. Secretary of Treasury Hank Paulson urged Congress to raise the national debt ceiling, stating that the U.S. would reach the current national debt ceiling by October 1st. The decision to raise the ceiling from $8.965 trillion to $9.82 trillion, besides preventing the U.S. Government from defaulting on U.S. Treasury bonds, was necessary to retain international confidence in the “full faith and credit” of the U.S. government. This deficit hasn’t disappeared, and nor has the liquidity-soon-to-become-insolvency problems of banks, so there is no reason to believe that a more severe 0.75% rate cut is going to save the U.S. markets or prevent a continued global fallout at some point in the near future. Read more …
January 24th, 2008
