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Physics of Change will feature information in specific sections each month.
The information is intended to inform the readers of this newsletter.
However, it is not advice!! Any decisions made based
on this information are to be done
in a self-responsible manner.
Mulai de Guise Publishing, LLC cannot be
held responsible for any individual actions based on the information it presents.
~~~August 2008 Edition ~~~
Quote:
Whether you price gold in yen, euro, Swiss franc, Yuan or any other
currency, they are ALL losing value to gold.
Gold is money.
Gold is the standard.
Every country is inflating their currency at an average rate of more
than 10% per year. Since 1913 when the Federal Reserve came to
be, the US Dollar has lost more
than 95% of its value.
At times like this, it is important to recall the important words of the
French philosopher Voltaire, who over 200 years ago observed that
"Paper money always seeks its intrinsic value-zero."
Q&A
Question 1:
Hi Greg,
I have my IRA at a credit union and I suppose to slow withdraw my money because I am 70 years old. Do you think I should take it all out and buy Canadian or Swiss dollars or Gold? Or just put it into my saving or in the safe deposit bank?
I have been helping my daughter take care of my two grandsons and they are moving from FL to NYC and want me to stay with her 6 mo.
I would like to leave a store house of food and water at my Tucson home but not sure what damages will happen to the house because of the change. I would like to have an earth ship in the White mountains of Arizona and do not know how to get the money for this and still help my daughter pay their bills..........
I do my C&E, Torsion field (most mornings) & focus walk (every morning). I see small changes for me and would like to see bigger ones, any ideas.
I have to be very careful how I answer your questions - you have a lot to lose and you are taking care of more than your share of responsibility. Here are some thoughts and suggestions:
1) I think there will be a lot of bank foreclosures before the end of the year. Even if your money is FDIC insured, it will only take several medium size banks in foreclosure to use all the money in the FDIC depository. After that, even though it is guaranteed, it could take years to get your money!!
2) If you buy Canadian dollars, they are easy to exchange back into US dollars when you need to buy things. Any international airport or a trip north across the Canadian border will make it easy to exchange the money. You ONLY exchange US dollars for Canadian dollars that you do NOT have an immediate need for. You should be prepared to hold the Canadian dollars for awhile - up to two years.
3) I think that gold and silver will increase 25% by the end of the year and over 50% by January, 2011. The money in your IRA will continue to lose value as the US dollar continues to decline. I believe that the US dollar will lose another 50% of its current value within two years.
4) If you move to NYC, are you able to rent your Arizona house even though it is filled with food and water?
5) Can you use the money in your IRA to move or build a house in the White Mountains? You will need a private source of water in that area.
6) You can help your daughter pay her bills if she moves to Arizona - NYC will become one the most dangerous cities in the world. This is not a great place for your grandsons!!
7) Continue to do your disciplines. These results that you are looking for are not gradual or linear - they are quantum in nature!! - and those quantum leaps take place when you least expect it - AND those changes are also permanent - the moment you make up your mind that you will do those disciplines everyday no matter what - the Observer collapses those desires into the quantum field and you will have what you want.
Most people stop the work before that moment of determined certainty, and the Observer then collapses that REALITY.
This is the advice I would follow if I were in your situation.
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Any idea who the stable banks are? All of my money is in credit unions or locally owned private banks, do you think those will fair better? I have to keep most of my money liquid for my business so buying gold/silvers not really an option.
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Any bank that is NOT heavily invested in real estate should be OK. Credit Unions seem to be in better shape than traditional banks.
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Thanks Greg, it is getting more interesting by the day.
Do you think if you have extra money in your mortgage that it is an ok place to have spare cash instead of actually in the bank? Will home mortgages be taken over by whoever rescues the remains of the bank's home loans? One of our goals is to have our home paid off as we would rather not owe anyone anything and be sovereign without debt. I know you spoke about storage etc at the last event and that nature would take care of the rest (bills) but you also mentioned people that had done this years ago were now under a lot of stress because of it! What are your reflections/opinions on this?
My goal is the same as yours - to pay off my property and owe no one!! I have equity in my home. I have a fixed mortgage that I can easily afford with my current income level. If I took out the equity, my payments would become quite high and I would become more vulnerable. I would NOT put my money in a bank at this point. There is going to be a domino effect and a run on the banks as soon as ONE MORE large financial institution goes broke. That run on money will close the doors of many banks as they are ONLY required to keep 10% of the total deposits on hand and there is NOT enough money in the banks for the people who will want their money. We have just seen this with IndyMac.
I do not know if nature will take care of the debt - that is ONE answer my teacher gave to someone in an audience. I also know of another good friend of mine who asked the same question, and he told her to not take out a mortgage. SO… you must do what you think is in your own best interests as that is the decision that best suits your circumstances.
I DO BELIEVE THAT HOME MORTGAGES WILL BECOME THE ASSET OF THE RESCUING INSTITUTION. You should call your lender and find out if they sold your note to a mortgage bank. As Freddie Mac and Fannie Mae have 80% of the most recent mortgages and the Federal Reserve is subsidizing those two institutions, your loans may be in good shape. However, no matter who ends up owning your loan, being in good standing with your payments will allow you to keep your home.
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What about Canada and Australia. Will they be affected by the US financial situation?
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Canada and Australia are key commodity countries - their wealth comes from exporting goods and services. These two countries will withstand this recession better than the US - BUT I would keep a close eye on the banks as ALL COMMERCIAL BANKS are connected. If there are ANY bank foreclosures - I would get my money out immediately.
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Hello Greg,
Thanks for all the updates and information in the newsletters. I really appreciate you and your work.
With cash on hand, will it be best to buy 90% silver coins? Will US paper money still work or would Canadian money be better?
I prefer silver dollars. The value of the one ounce coins is always known. Quarters and dimes are now valued at about 10 - 11 times their face value - but this fluctuates and not everyone knows what they are worth.
Cash will work for now - my point being that the US dollar will lose its value against the Aussie and Canadian dollars, the Euro, and Swiss franc. Buying those currencies NOW will allow you to buy back US dollars in 6 - 12 months and get a (my prediction) 20 - 25% greater return of US dollars. You sell the foreign currencies when you need to buy something in US dollars.
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How do you switch to Swiss francs????
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I buy my foreign currencies at any international airport. You pay a small fee, but reasonable. You can also buy ETF (Exchange Traded Funds) stocks that give you the value of Swiss francs. The stock symbol is FXF and can be bought through any broker. I use Scottrade www.scottrade.com/ - it costs $7 per buy or sell. As the dollar goes down in value, the Swiss stocks go up in value as an inverse relationship.
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State of the Economy
The value of the dollar is going to go down, and the price of everything else is going to go up. I think this sets the stage for a true inflationary crisis - as the economy can't adjust to soaring commodity prices. I am not sure if our foreign creditors will continue to hold U.S. Treasury bonds if the U.S. Treasury takes on the entire mortgage losses of Fannie Mae and Freddie Mac. If they dump our bonds - that will literally be the end. No more world reserve currency. We'll be on our way to banana republic status, in terms of credit quality.
What's the best way to protect yourself?
You must buy gold and silver as a hedge against a further collapse
in the value of the U.S. dollar.
How the new housing rescue bill can help you!!
NEW YORK (CNNMoney.com) -- President Bush signed a $300 billion housing rescue bill Wednesday aimed at helping troubled homeowners avoid foreclosure and supporting mortgage giants Fannie Mae and Freddie Mac.
After the law kicks in on Oct. 1, thousands of at-risk borrowers will be able to refinance their unaffordable old mortgages into new low-cost fixed-rate loans insured by the Federal Housing Administration (FHA).
Who's eligible?
Qualified borrowers must live in their homes and have loans that were issued between January 2005 and June 2007. Additionally, they must be spending at least 31% of their gross monthly income on mortgage debt to be eligible for the program.
They can be up to date on their existing mortgage or in default, but either way borrowers must prove that they will not be able to keep paying their existing mortgage - and attest that they are not deliberately defaulting just to obtain lower payments. .
How can I apply?
Borrowers can contact their current mortgage servicer or go directly to an FHA-approved lender for help.
How does the refinancing process work?
This is a voluntary program, so lenders holding the original mortgage have to agree to rework a given loan before things can get started.
But lenders won't sign off on a workout unless they think that they'll lose less money on that than they would by allowing a home to go through the costly foreclosure process.
What does it cost?
There should be little up-front costs for borrowers to bear. Loan origination fees will vary by lender, but these can usually be paid by the borrower over the life of the loan in the form of a slightly higher interest rate.
Fannie Mae Unsold $5 Billion Homes
Bring Peril to Shareholders
July 23 (Bloomberg) -- Fannie Mae, the largest U.S. mortgage finance company, couldn't find a buyer who would pay $6,900 for the three-bedroom house at 1916 Prospect St. in Flint, Michigan.
FDIC shutters two more regional banks
CARSON CITY, NEV. (AP) -- The 28 branches of 1st National Bank of Nevada and First Heritage Bank N.A., operating in Nevada, Arizona and California, were closed late Friday by federal regulators.
300 Bank Failures???
www.forbes.com/video/topstory/er_cassidy071608
Political Diary
Bailing out the Bank of China
It turns out the biggest supporter of the Fannie Mae and Freddie Mac bailouts have been the Chinese government. The Chinese own about half a trillion dollars in Fannie and Freddie securities and they've put the warning out to Treasury Secretary Hank Paulson they expect to be repaid in full.
There is much more of this coming -
Have you taken the necessary steps
to protect yourself??
Banks "Holding" IndyMac Cashier Checks
LOS ANGELES -- The aggravation continues for some already frustrated IndyMac customers who are trying to deposit their money at other banks.
Nervous customers flooded Southern California IndyMac branches this week after the failing institution reopened under federal control as IndyMac Federal Bank, FSB. Some camped out overnight and waited for several hours just to retrieve their money.
Now, some of those customers say they're having difficulty depositing their IndyMac cashier checks.
Sheryl MacPhee said she waited in line two hours Tuesday at an IndyMac branch in San Marino to liquidate a certificate of deposit.
But when she took it to a Washington Mutual branch in South Pasadena to deposit, she said a manager told her their new policy was not to accept IndyMac checks.
Some Advice!!
My defensive advice is really simple; when you buy anything, don't just buy one. Buy five or six for storage. You will pay today's prices and consume them at tomorrow's higher prices. That's a fine investment.
When you have cash to invest, don't invest in anything denominated in dollars because dollars will become worth less and less (including most stocks, bonds and cash).
The dollar is supposed to be a means of exchange and a store of value. It is still a means of exchange and will continue to be for some time, but it has long ago ceased to be a store of value.
"What proof do you have that you are right about a runaway inflation?"
Haven't you been looking? It's all around you! It's already started. Look at the price of gasoline, wheat and corn. Eggs are up 30 percent. The major factor in the increase of a barrel of oil is not that oil is becoming scarce or more valuable.
What causes the increase in the oil price? Inflation - pure and simple. Oil is denominated in dollars, and the value of a dollar is shrinking, so producers want more dollars for a barrel of oil. The oil price simply reflects of the decreasing value of the dollar.
You once could buy the best suit of clothes in town with two pairs of pants from the best tailor around, for one American gold piece. You can still buy the best suit of clothes with two pairs of pants from the best tailor in town with the value of one American gold piece. The price of gold also reflects the loss of value in the dollar.
There are really two things to watch, the price of oil and the prices of gold and silver.
STATE OF THE ENVIRONMENT
Included in the recently passed housing bill -
ALL credit card transactions
will now be reported to the IRS!!
Cancer expert warns employees on cell phones
PITTSBURGH, Pennsylvania (AP) -- The head of a prominent cancer research institute issued an unprecedented warning to his faculty and staff Wednesday: Limit cell phone use because of the possible risk of cancer.
Herberman is basing his alarm on early unpublished data. He says it takes too long to get answers from science, and he believes that people should take action now, especially when it comes to children.
Antarctic ice shelf collapse 'imminent'
Scientists are warning that an Antarctic ice shelf the size of Northern Ireland is on the verge of disintegration, even though it is now the middle of the southern hemisphere's winter.
The European Space Agency says new satellite pictures show that the Wilkins shelf - the largest to be threatened so far - is "hanging by its last thread". Extending for approximately 5,600 square miles, it has been held in place by a thin ice bridge connecting it to an island, but this is now fracturing.
OTHER INTERESTING NEWS ITEMS
Cholesterol Disease Mongering Reaches New Low with Statin Drug Push For 8-Year-Olds.
Are these the kinds of results our medical community wishes to see in eight-year-old boys and girls? Do we really want to send adolescent boys off to school, doped up on drugs that cause homicidal impulses, erectile dysfunction and mental confusion?
The medical community apparently thinks so. After all, they're already drugging up the children with psych drugs that cause suicidal thoughts and violent outbursts (school shootings, anyone?). The thought of adding yet another mind-altering, body-damaging drug to a child apparently doesn't earn a second thought from modern medical doctors, most of which are too busy cashing "speaking fee" checks from drug companies to invest any real time actually protecting the health of their patients.
Here is some information you may wish to read about mobile phone eavesdropping when the mobile phone is switched off.
http://news.cnet.com/FBI-taps-cell-phone-mic-as-eavesdropping-tool/
IMPORTANT REPORT: CLEAR LEGAL ADVICE -
HOW TO PROTECT YOUR HOME FROM FORECLOSURE
This is a CNN report. Notice that this attorney being interviewed has on a Ron Paul wristband!!!! CNN is including with this report the necessary paperwork to accomplish stalling off foreclosure and defending your home from the predators. This same tactic should work against the credit card companies at least after the vulture collection agencies have taken over.
We need to destroy this system for self defense. They intend to take 90% of the homes. Please copy this to your files. You never know when you might need it!!!!.
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Produce The Note "How-To"
Produce the Note - Steps To Follow:
Using the "produce the note" strategy is something all homeowners facing foreclosure can do. If you believe you've been treated unfairly, fight back. We have created templates for a legal request, a letter to your lender and a motion to compel to help you through the process.
WHO OWNS THE NOTE?
Your goal is to make certain the institution suing you is, in fact, the owner of the note (see steps to follow below). There is only one original note for your mortgage that has your signature on it. This is the document that proves you owe the debt.
During the lending boom, most mortgages were flipped and sold to another lender or servicer or sliced up and sold to investors as securitized packages on Wall Street. In the rush to turn these over as fast as possible to make the most money, many of the new lenders did not get the proper paperwork to show they own the note and mortgage. This is the key to the produce the note strategy. Now, many lenders are moving to foreclose on homeowners, resulting in part from problems they created, and don't have the proper paperwork to prove they have a right to foreclose.
THE HARM
If you don't challenge your lender, the court will simply allow the foreclosure to proceed. It's important to hold lenders accountable for their carelessness. This is the biggest asset in your life. It's just a piece of paper to them, and one they likely either lost or destroyed.
When you get a copy of the foreclosure suit, many lenders now automatically include a count to re-establish the note. It often reads like this: "…the Mortgage note has either been lost or destroyed and the Plaintiff is unable to state the manner in which this occurred." In other words, they are admitting they don't have the note that proves they have a right to foreclose.
ARTICLE & IMPORTANT VIDEO HERE:
www.consumerwarningnetwork.com/2008/06/19/produce-the-note-how-to |
It will be a time of great hardship -
Most will be unprepared!!
"When any previously unexperienced dangerous singularity is on the horizon less than 5% of humans will take any precautionary action." - Les Holladay
Les Holladay's observation that less than 5 % take precautionary action when confronted with a previously unexperienced danger has been true throughout history. During the devastating eruption of Vesuvius which buried Pompeii in a fiery pyroclastic flow, only 5 % of Pompeii's citizens heeded the previous eruptions of Vesuvius and fled. 95 % stayed and died.
Les Holladay's 5 % rule:
5 % take precautionary steps
95 % do not
TESTIMONIALS
Greetings Greg,
This is just a quick note to thank you for your advice and encouragement.
I sent in a question in May about waiting to learn C&E and our intent to go to the workshop, well we took your advice to wait to learn it properly & because of your encouragement we decided to not go to the workshop, but to move to Yelm and attend the Beginning Retreat.
We are living in Roy, beginning our path to Sovereignty. We learned C&E and much, much more. It was the best thing my husband and I have ever done. I have never felt so much love and joy in my life & The Ram even gave us a dust whirlwind that rained down on us. WOW.
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