Debtor Nation:

If you had a stack of $1000 bills 4 inches high, you would have a million dollars.  If wanted a Billion dollar stack of $1000 bills, your stack would be 333 feet tall.  To get a Trillion dollars, your stack would have to be 63 miles tall!   Currently the U.S. national unfunded liabilities, (IE. debt we promised to pay) is now equal to 100 Trillion dollars.   Placing $1000 bills from Bangor Maine to San Diego California, and Tacoma Washington to Miami Florida, would equal the amount of money we have agreed to pay. ( without “health insurance or any other spending)  Can u see how foolish the amount of government spending is?

Greece is the “canary in the coal” mine for Europe.

The Greek Finance Minister Giorgos Papaconstantinou said,  “Since assuming office two months ago, the socialists had been “truly shocked” at the scale of the economic mismanagement. Under the centre-right New Democracy party, government waste had skyrocketed, with out-of-control recruiting policies, a proliferation of public-sector committees and overpaid heads of state utilities. Ministries approved obscenely high phone and newspaper bills, while senior civil servants had spent lavishly on unnecessary foreign trips, he said. “It was as if they regarded the national treasury as the spoils of war and raided it.” Papaconstantinou, doing the interview rounds stopped to explain his situation to UK’s The Guardian where he made comments that should resonate well with American readers.

Yup, sounds like the Greek Finance minister is talking about the “U. S. Congress and the Democratic Party Machine out of Chicago!”  You see, there is one underlying factor about all socialist/communist, they want to “force people” to do the right thing according to their logic. Why, because you are incapable of deciding what is best for you and your family. Ronald Regan said, these are the scariest words the American people can ever hear, ” I am from the government, I am  here to help.”

When more  Americans  believe the  government can help, ” we are definitely on the wrong road to recovery.    The source of all  financial problems is the Government! The “government bureaucrats and elected officials” have caused the financial problems we have today! The newly elected Obama governmental Socialist/economic/Marxist government is on the road to fundamentally change America as we know it.  I feel Obama’s goal is to fundamentally destroy the fabric of the Constitution and Capitalism to achieve his idealistic goals established by his heroes.  The  market media news  matrix is in locked step with the Socialist /Marxist government, who will stop at nothing to impose their agenda on the American taxpayer for generations.  Enslaving the American People with generational debt is the only rational answer to “what the government bureaucrats” are doing.

Meanwhile  you are told to take your “purple  pills” and keep spending and consuming by the market media matrix. The market media matrix relies on pop culture for advertising revenue, witness  the lack of reporting “real financial news vs. Tiger Woods pop news.”   Compare a “Google search using the last week filter of “Greece debt ratings” and “Tiger Woods” story.  It is not shocking to find 166 million stories on Tiger Woods and less than 193,000 stories on Greece’s debt rating.   The market media matrix perpetuates the “happy feelings of pop culture” until reality meets actuality.   Just like the Pearl Harbor attack, information is only important if you have a plan and enough time.  You need to  have a plan before the financial crisis begins.    The reality of the situation is that you have time to protect your “Pearl Harbor Portfolio from a sudden and decisive  wealth destruction attack. If you have the necessary information, but the market media matrix is not giving your the proper information to defend your wealth.

Maybe your stock market gains have recovered a little, but not as well as you would think.  The Sp500 still needs to gain another 40% to reach 2007 highs. If you would have been a long term holder of the Sp500 index since 12/12/2000 to 12/12/2009, a full 9 years, you total return is still down over -15%! So after 9 years of being invested, your total rate of return is still negative!  So much for the buy and hold theory.  The “buy and hold Myth” may be your financial plan based on historical optimism, yet that plan of action will be a recipe for disaster.

During the last financial crisis, the government encouraged you to spend and consume.  What idiot proposed that idea?  You have been condition to spend and consume, in order to create jobs.   The definition of a “JOB” is “Just Over Broke.’ If you are not able to save 10% of your money in a savings account, then you are not being paid nearly enough from your job.  When there are no jobs, who will continue to  spend and consume?  The government will continue to print more money and spend more money, but giving you the taxpayer the i.o.u.s in the form of government bonds.  Digging a hole deeper in debt, so that your children and grand children will be obligated to pay back current government spending. The financially irresponsible road the Government is taking is financial suicide.

The perfect storm is upon us, as I predicted  with the destruction of housing and stock market.  The baby boomers are looking for, no grasping for  help.  Are you a baby boomer, doing the same things you did in the past with your stock portfolio’s and your 401k’?  If you are a baby boomer and doing the same thing, then your wealth is a sitting duck for another Pearl Harbor Attack.  What will you do?  Your choices are  a  “Jimmy Carter” decade or a “Franklin Roosevelt” decade?  Time is running out and the baby boomers are the ones with the most wealth.

Now, some of you voted for “hope and change”, for a man with no business experience, and with idealist social justice goals.  His administration is filled with  idealistic people whose only goals were to tear down capitalism and promote socialism. Your eternal optimism  about who you trust will not be justified by this time next year.    The “new america” is ruled by czars, ex-felons, tax cheats, and other malcontents.  You thought you voted for “hope and change” thanks to the market media matrix,  never knowing you were getting the chains of poverty and bondage of debt .

We are going bankrupt, there is no way out of this perfect storm.  Stay tuned to this blog for more information….

Doctrader

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• Papandreou unveils radical reforms to salvage Greece’s public finances (guardian.co.uk)
• Greece Downgrade Hits Euro, Bank Stocks (online.wsj.com)
• Why don’t we get more foreign news? (investoralist.com)

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Three Questions to ask yourself if you are in your 20’s and want to save for Retirement.

1. If money were no object, what would you do with your time?
2. Are you frugal?
3. Are you interested in having children?

The Simple answer is….

Just worry about the saving for now – don’t sweat the details.

Many people get overly wrought about making sure that their money is in the “perfect” investment. To put it simply, your investment choice is secondary – by a long shot – to simply saving your money as soon as possible and as much as possible. Start saving now. If you don’t know what to invest in, just ask for suggestions from the representative there. Since it’s a tax-deferred retirement account, you can make investment changes later on without any tax issues.

Doctrader says: The most import aspects of long term planing is learning there are market cycles. If you can identify the market cycles, you will be miles ahead in your investment choices!  During bull markets, you should have your money invested in high growth areas of the market through an index fund.  When the bull market begins to wane, you should move your long term investments to a money market position or a  cash position.    If you chose a “stable fund” alternative to cash, you run the risk of losing money due to inflation or hidden land mines within a “stable fund”.

Stable funds usually are guaranteed by an insurance companies.  Insurance companies are subjected to the 7 deadly sins of investing.

These are:

• regulation
• investigation
• litigation
• arbitration
• capitalization
• Taxation
• politicization

These 7 deadly sins of investing will impact your future retirement.   If you are serious about your future, your best option is to “create a product or service” which can launch your career into a small business.  After all, our founding fathers were small businesses.  In  fact, most of new jobs created today and in the future will belong to small businesses.

My suggestion, turn your passion into a profitable small business!

doctrader

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STEVENSON JACOBS

NEW YORK — The head of the Federal Deposit Insurance Corp. said Tuesday she’s “very worried” that the nation’s biggest banks aren’t lending enough and warned the economy could take another turn for the worse without increased access to credit.

FDIC Chairman Sheila Bair said the FDIC’s upcoming quarterly report would show that “not many large institutions are doing a very good job of lending.” Instead, she said, some are taking advantage of near-zero interest rates by borrowing dollars cheaply to buy higher-yielding assets like stocks or commodities – a move known as the “carry trade.”

Addressing the rash of bank failures, Bair said the FDIC had enough funds to shut down troubled banks and would tap its line of credit with the Treasury only as a last resort. There have been 120 bank failures this year, …

The Huffington Post

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With seven so far this year, Georgia leads the nation in the number of bank failures. Regulators have closed a dozen Georgia banks since last August, or more than one of every five U.S. banks shut down since last summer. Bank analysts said the same forces that helped fuel Georgia’s growth now are leading to an increase in bank failures.”Each of the banks that has failed has had a huge concentration in residential construction loans that grew for many years,” said Joe Brannen, president of the Georgia Bankers Association.

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Bank analysts said the same forces that helped fuel Georgia’s growth now are leading to an increase in bank failures.

Rex Schuette, chief financial officer for United Community Banks, said many of the troubled banks in Georgia were started over the past decade and a half, when population growth fueled demand for more housing developments, especially in suburban areas around Atlanta or in the retirement havens of North Georgia’s mountains.

“Each of the banks that has failed has had a huge concentration in residential construction loans that grew for many years,” said Joe Brannen, president of the Georgia Bankers Association. Such banks capitalized on Georgia’s population growth — the sixth fastest in the nation — and abundance of investors interested in the financial services industry prior to the past couple of years, Mr. Brannen said.

Because Georgia didn’t allow banking across county lines until the late 1990s, its 159 counties also kept or sprouted many new smaller banks across the state. With a rich tradition of state-charted banks and investors eager to cash in on the state’s growth, Georgia is trailed only by California and Florida — both bigger states — in the number of new banks started in the 21st century, according to FDIC figures.

It seems as if banks in Georgia just can’t seem to stay solvent. This may be turning into a real problem for residents of that state, as many of them could soon have far fewer banking options.

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The idiots we have in charge today, have one thing on their minds, absolute power!  The more people they can make dependent on the government, the better for them to return to political office and retire with more power.  You see money equals power, power equals money.   Anyone with a little bit of common sense, knows, you cannot print more money without inflation and a decreasing your purchasing power.

The future is not predictable! Enjoy the fantasy story….

Posted by

Jacob Lund Fisker

This is a guest post from Debbie M giving a detailed budget for a retirement plan costing half a million dollars. For most incomes, half a million means a less early retirement. Yet, it is still earlier than the “usual million(s)”.

The best part of my story is figuring out my expenses. Since I plan to quit work forever (or at least be able to) once I achieve financial independence, this is vital. It’s much harder to find a job when you’ve been out of work a while, and frankly it’s hard enough for me to find jobs now.

My investment plan is a little less exciting. I prioritize diversification. I used to not include bond-like things because my pension is bond-like, but really my pension fund is also invested in stocks, so if stocks plummet, my pension could be in trouble. So I’m including large cap and small cap, domestic and foreign (including developed and developing), growth and value, and bond funds and REITs.

If I keep up with current contributions to Roth retirement vehicles for the next five years, I will have $155000 in those alone, which would give me $645/month, which gives me some wiggle room in case the pension rules change or I can’t …

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