What Love Means…
Posted by Michelle Moquin on December 19th, 2010
…to a 4-8 year old
My good friend Tracey sent this to me:
Touching words from the mouth of babes.
A group of professional people posed this question to a group of 4 to 8 year-olds, ‘What does love mean?’ The answers they got were broader and deeper than anyone could have imagined. See what you think:
- ‘When my grandmother got arthritis, she couldn’t bend over and paint her toenails anymore. So my grandfather does it for her all the time, even when his hands got arthritis too. That’s love.’ Rebecca- age 8
- ‘When someone loves you, the way they say your name is different. You just know that your name is safe in their mouth.’ Billy – age 4
- ‘Love is when a girl puts on perfume and a boy puts on shaving cologne and they go out and smell each other.’ Karl – age 5
- ‘Love is when you go out to eat and give somebody most of your French fries without making them give you any of theirs.’ Chrissy – age 6
- ‘Love is what makes you smile when you’re tired.’ Terri – age 4
- ‘Love is when my mommy makes coffee for my daddy and she takes a sip before giving it to him, to make sure the taste is OK.’ Danny – age 7
- ‘Love is when you kiss all the time. Then when you get tired of kissing, you still want to be together and you talk more. My Mommy and Daddy are like that.? They look gross when they kiss’ Emily – age 8
- ‘Love is what’s in the room with you at Christmas if you stop opening presents ?and listen.’ Bobby – age 7 (Wow!)
- ‘If you want to learn to love better, you should start with a friend who you hate,’ Nikka – age 6 (we need a few million more Nikka’s on this planet)
- ‘Love is when you tell a guy you like his shirt, then he wears it every day.’ Noelle – age 7
- ‘Love is like a little old woman and a little old man who are still friends even after they know each other so well.’ Tommy – age 6
- ‘During my piano recital, I was on a stage and I was scared. I looked at all the people watching me and saw my daddy waving and smiling. He was the only one doing that. I wasn’t scared anymore.’ Cindy – age 8
- ‘My mommy loves me more than anybody. You don’t see anyone else kissing me to sleep at night.’ Clare – age 6
- ‘Love is when Mommy gives Daddy the best piece of chicken.’ Elaine-age 5
- ‘Love is when Mommy sees Daddy smelly and sweaty and still says he is handsomer than Robert Redford.’ Chris – age 7
- ‘Love is when your puppy licks your face even after you left him alone all day.’ Mary Ann – age 4
- ‘I know my older sister loves me because she gives me all her old clothes and has to go out and buy new ones.’ Lauren – age 4
- ‘When you love somebody, your eyelashes go up and down and little stars come out of you.’ (what an image) Karen – age 7
- ‘Love is when Mommy sees Daddy on the toilet and she doesn’t think it’s gross.’ Mark – age 6
- ‘You really shouldn’t say ‘I love you’ unless you mean it. But if you mean it, you should say it a lot. People forget.’ Jessica – age 8
- And the final one…The winner was a four year old child whose next door neighbor was an elderly gentleman who had recently lost his wife. Upon seeing the man cry, the little boy went into the old gentleman’s yard, climbed onto his lap, and just sat there. ??When his Mother asked what he had said to the neighbor, the little boy said, ‘Nothing, I just helped him cry’
Readers: Tell me you loved this as much as I did. I don’t even have children so I can imagine the reactions from those that do. :)
Debbie: It sure is time isn’t it?
Sharon: Good for you. Let the training begin. And I love that…yes! Let’s wake up the sleeping sisters!
Elle: Yes, get off that wagon. I appreciate the beauty that I have. Beauty can take you far but it only goes so far, and then there better be something else. I won’t deny that I work on trying to stay young looking and in shape, (what woman who cares about herself doesn’t?) but I work on the something else much more. Appreciating your true beauty, and not trying to be someone else, is where it’s at. :)
Ursla: Your needs are just as important. Next time your man needs something cleaned asap, show him how to use the washing machine, and take that time you’re saving and do something for yourself.
Margarieta: Wonderful – Love it. Be an example for your girlfriends, and your daughters – Break the pattern.
Maria: Your advice to Latina women is really advice for all women. No woman should have to put up with the Bull shit men try to feed them. Happy to see that you aren’t.
Imo: I HOPE the comments from the other girls here will inspire you to not be that way anymore.
Claire: I can’t imagine what you and other models must go through emotionally over your looks. I know that it is a secret dream of many young girls – fame and fortune…the fast exciting life. I admit, when I was young I wanted it. Thankfully I didn’t fit the ticket. I wasn’t a strong enough girl to handle the constant rejection or feedback on my looks.
I’m not against finding a rich husband. Rich men look for pretty models for wives, such as yourself all of the time. And as Ruth said, “You can love a rich man as well a poor man” or something like that. Anyway…I am not a financial advisor, But in the mean time, if I were you, I would be socking away and investing as much money as I could to build your own little next egg just for you. Do so even when you get married, because you never know if something younger and prettier will catch his wandering eye. Men do it all the time so, as I say, “What is good for the goose is good for the gander”. Oh…and congratulations on your new job! I HOPE to see that cover shot.
Hera: I had to laugh about your husband. :)
Zen Lill: I think I remember that comment with Kate Winslet. It is raining here too and I kinda like to also. I am off to lunch at NM with a group of girls that I haven’t seen in ages. Should be fun – I HOPE your holiday parties have been fun too.
Everyone have a wonderful Sunday! Peace out.
Lastly, greed over a great story is surfacing from my “loyal”(?) readers. With all this back and forth about who owns what, that appears on my blog, let me reiterate that all material posted on my blog becomes the sole property of my blog. If you want to reserve any proprietary rights don’t post it to my blog. I will prominently display this caveat on my blog from now on to remind those who may have forgotten this notice.
Gratefully your blog host,
michelle
Aka BABE: We all know what this means by now :)
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December 19th, 2010 at 11:50 am
Is Your Financial Adviser Fishing for Fees?
Dan Brecher, Esq.
Is your broker or financial adviser looking out for your financial interests or just his/her own? If you’re encouraged to invest in any high-cost or high-commission financial product, it’s time to consider that question.
Here’s a look at six financial products that are heavily promoted but that send up warning flags…
A brokerage firm’s own high-commission mutual funds. Financial advisers and brokers earn big commissions when they sell shares of mutual funds managed by their own companies.
A-class shares are particularly lucrative for them because their “loads” (sales commissions), often 3% to 5% or more, are charged up front, so they get the commission almost immediately.
What to do: Consult an independent mutual fund rating service, such as Morningstar, before agreeing to invest in any house-product fund or high-load fund.
If the funds recommended to you are not clearly superior to similar no-load or lower-load funds, ask your adviser to defend his suggestion.
Whether it is a brokerage’s own fund or not, consider finding a new adviser if yours suggests selling your A-class shares within a few years of his having sold them to you — unless there is a drastic change in the fund’s management or makeup or in your financial needs.
There usually are two reasons an adviser would recommend jumping ship so soon after you pay a big fee to get into a fund — either the adviser made a very poor recommendation the first time… or he now hopes to sell you shares of a different fund to earn yet another commission. Either way, this may not be an adviser you can trust.
Hedge fund shares and equally risky products. Hedge funds generally are appropriate only for multimillionaires with diversified portfolios and high risk tolerance.
If that’s not you, be very suspicious of any investment adviser who suggests that you invest in one that has high fees. He might simply be after the big commissions that hedge funds tend to pay.
What to do: Steer clear of hedge funds with high fees… commodity speculation funds… and oil and gas exploration funds unless you are an extremely wealthy, sophisticated investor.
Find a new financial adviser if any of these are recommended to you, unless you have indicated that you are willing to take big financial risks and can afford to do so.
Any investment referred to as “guaranteed” that promises returns greater than those of a conventional bank certificate of deposit (CD).
In the financial world, the word guaranteed doesn’t really mean guaranteed — it means “you better read the fine print.”
Many so-called investment guarantees actually are quite limited, sometimes to the point of worthlessness. And remember that any guarantee is only as sound as the company offering it.
Examples: A CD issued in a foreign country or by a non-FDIC-insured bank might be guaranteed by someone, but not by the US government.
A “guaranteed annuity” is not guaranteed against the risk that the insurance company issuing it will fail.
Unfortunately, some advisers and brokers push new and exotic “guaranteed” investments to clients who only want a safe place to park their cash, because these often pay higher commissions than plain CDs.
What to do: If your adviser recommends an investment that promises a guaranteed return higher than that of a CD, ask about the risks.
If the adviser simply says that the investment is “like a CD” or otherwise implies that there is no significant risk… or if the investment product seems complex but the adviser is unwilling or unable to explain how it works in a way that you can understand, find a new adviser.
Municipal bonds with high transaction fees. There are plenty of legitimate reasons for a broker to recommend investing in muni bonds — but there’s one not-so-legitimate reason as well.
The rules governing the disclosure of markups on municipal bonds are not as strict as those on most other types of securities.
A broker is required to tell the client only the gross price that he has been charged. Exorbitant transaction fees might be buried in that price.
What to do: Ask your adviser or broker how much of a markup you will be charged on your municipal bond transaction, and say that you want this in writing.
Anything more than a few hundred dollars is excessive. Charles Schwab (877-563-7818, http://www.Schwab.com) and eTrade (800-387-2331, https://US.eTrade.com) typically charge $1 per muni bond, with a $250 maximum ($10 minimum), when transactions are made online.
If your broker tries to charge you hundreds of dollars more, use this lower price as a negotiating position to get a better deal or look for a different broker.
Private placements. Shares in a privately held company not traded on an exchange (or whose trading is restricted temporarily) might be a wonderful investment opportunity… or they might be a wonderful opportunity for your adviser to earn a massive commission at your expense.
Financial pros typically earn 10% to 19% for selling such private placements. Private companies are difficult to research, so it’s almost impossible to know for sure which of these motives is behind your adviser’s recommendation.
What to do: Just say no to private placements unless you trust your adviser totally. Find a new financial adviser if yours fails to mention the big risks inherent in private placements.
Stock and bond transactions conducted with the brokerage as the “principal.” Brokerages typically serve as “agent” — meaning middleman — when clients buy or sell shares.
When a brokerage instead serves as principal, it is buying or selling shares from its own inventory. Rather than charge a commission in these principal transactions, the broker will add a “markup” to the cost of the shares (or subtract a “markdown” when selling).
These transactions usually are perfectly legitimate — large brokerage houses have many shares in inventory, and now and then one of them will be appropriate for your portfolio.
Unfortunately, to boost their commissions or the brokerage’s profits, some brokers recommend shares from inventory even when they are not the best options for the client.
Not only are markups often larger than standard commissions, but the brokerage also gets to decide precisely when the transaction will be processed.
If the share price moves over the course of the day, the brokerage easily could choose a price that benefits the brokerage at the client’s expense.
What to do: Refer back to the transaction confirmation statements you received from your broker on trades recommended by the broker.
If a significant percentage — say 20% or more — are principal transactions, tell the broker that this is a concern.
Helpful: If your transaction confirmations do not make it clear whether the broker served as agent or principal, this detail is likely expressed as a code with an explanation of the code system on the back of the confirmation.
Personal interviewed Dan Brecher, Esq., who has been practicing security and investment banking law in New York City for nearly 40 years. He specializes in claims against brokerage firms and has obtained awards and settlements of more than $100 million for investors.
December 19th, 2010 at 1:44 pm
I like Rosalind Russell’s – “Taking joy in life is a woman’s best cosmetic.”
December 19th, 2010 at 1:45 pm
What love means to me is getting some from my woman regularly.
December 19th, 2010 at 1:57 pm
I just knew there was a simple solution!??
Here’s a simple solution to the controversy over full-body scanners at? airports.?
Develop an enclosed booth that passengers step into but , instead of? X-raying them, when the door closes, it will detonate any explosive device? they have hidden on or in their body. ?
The explosion will be contained within the sealed booth. This would be a? win-win for everyone!? There would be no more concern about racial profiling. ?
The booth could be use as a casket for direct burial. ? A new booth could be put in place in just seconds. ? The booth would eliminate long, expensive trials. ?
Only the guilty would suffer. No chance of mistaken identity. ?
You’re in the airport and you hear a muffled explosion followed by a announcement over the PA system, “Attention standby passengers, we ow have a seat available on flight number…..
What’s not to like?
Brilliant…
December 19th, 2010 at 2:11 pm
Anonz:
You were so right about that Brian Hunt. I got this from one of his cronies.
———————-
Dear DailyWealth Subscriber,
A few days ago we ran an essay by Porter Stansberry in DailyWealth about the importance of hedging your portfolio with silver.
We thought you might be interested in one of the best — and cheapest — ways to buy physical silver.
Believe it or not, it costs as little as $2.08 right now to get a stake in this investment. Take a look at this presentation…
Sincerely,
Brian Hunt
Editor in Chief, DailyWealth
————————————-
Just like you said Anonz. First he attempts to scare the hell out of us and then he trys to sell us “the remedy.”
Thanks for the heads-up Anonz
Joyce
December 19th, 2010 at 2:19 pm
Hiccups Can Be a Sign of a Serious Problem
Anil Minocha, MD
Veterans Administration Medical Center
Charles Osborne, an Iowa farmer, holds the world record for the longest bout of hiccups. He started hiccupping in 1922 (at rates up to 40 times a minute) and didn’t stop until shortly before his death about 68 years later.
Fortunately, hiccups such as this are rare — though almost everyone gets the hiccups sometimes.
They usually disappear on their own within a few minutes, causing nothing more than mild discomfort — or a little embarrassment if the “hic” pops out at an inappropriate time. But they can be the sign of a serious problem.
ANATOMY OF A HICCUP
Hiccups are caused by an involuntary spasm of the diaphragm, the dome-shaped muscle that separates the chest from the abdomen and is largely responsible for breathing.
The spasms are thought to be triggered by activation (or irritation) of the phrenic or vagus nerves, which carry signals to the brain from the diaphragm and other respiratory muscles.
Most hiccup cycles are brief. Something stimulates the nerve pathways… the diaphragm contracts… and vocal cords briefly close and open, causing the “hic” sound.
Though bouts of hiccups can be uncomfortable, they become a health concern only when they’re persistent (lasting longer than 48 hours) or intractable (lasting two months or more).
WHEN TO WORRY
Persistent hiccups aren’t necessarily a serious symptom, but they do tend to occur in people with an underlying medical problem. Examples…
Metabolic or kidney disorders. These can cause abnormal levels of electrolytes (minerals that conduct electrical signals), an increase in waste products or abnormal levels of carbon dioxide in the blood, each of which can cause persistent hiccups in some people.
An irritation of nerves in the inner ear, sometimes caused by a foreign body (often a hair) that presses against the eardrum.
Gastroesophageal reflux disease (GERD). Frequent heartburn can irritate nerves in the esophagus and respiratory system, causing frequent hiccups.
An infection or tumor in the brain or spinal cord.
Anyone who has severe or frequent hiccups that don’t go away within 48 hours should see a doctor.
In addition to taking a medical history and performing a physical exam (including an ear exam), the doctor will probably order blood tests to check for infection or metabolic disorders.
He/she also may order a chest CT scan to look for a tumor or abnormalities affecting the diaphragm or the vagus or phrenic nerves.
PREVENTION
Hiccups often can be prevented. Best steps…
Don’t overeat. Excessively large meals cause the stomach to distend. It then pushes against the diaphragm and may irritate the phrenic nerves.
Take care of heartburn. People who treat heartburn with medications, such as omeprazole (Prilosec), often have a reduction in hiccups.
Drink water or juice instead of carbonated beverages. The carbon dioxide in colas, beer and other carbonated beverages can cause the stomach to expand and exert pressure on the diaphragm.
Manage stress. People who experience a lot of emotional stress tend to “gulp” air, some of which passes through the esophagus into the stomach, causing stomach distention.
Stress reducers include deep-breathing exercises… relaxation techniques, such as meditation and yoga… and regular exercise.
Also helpful: Patients with chronic stress sometimes improve when they take a low-dose antidepressant at bedtime.
Drugs such as imipramine (Tofranil) or amitriptyline (Elavil) can improve sleep and reduce stress, even in those without depression. Talk to your doctor if you feel chronically stressed out.
Drink body-temperature liquids. Any sudden change in temperature — from drinking hot or cold beverages, walking from a warm room into the cold or switching from hot to cold water in the shower — can trigger hiccups.
Avoid alcohol, spicy foods and tobacco. Alcohol relaxes the diaphragm and makes it more sensitive to hiccup triggers.
Smoking and some foods — especially spicy foods — can irritate the nerves that control normal contractions of your diaphragm.
Ask about medications. A variety of prescription drugs have been used to prevent hiccups.
These include nifedipine (Adalat, Procardia), used to treat high blood pressure… baclofen (Kemstro, Lioresal), a muscle relaxant… and diazepam (Valium), a sedative.
Because these drugs can have significant side effects, doctors recommend them only for patients with severe hiccups who aren’t helped by other measures.
HOME REMEDIES
Folklore is filled with hiccup remedies. None have been adequately studied in clinical trials, but some do appear to help, such as eating a spoonful of sugar or having someone startle you. Other remedies…
Drink water through a straw while holding your ears closed with your fingers. This appears to interrupt the “arc” of nervous signals that travel from the diaphragm to the brain. Gargling, which activates the throat muscles, may have a similar effect.
Take a deep breath, hold it for as long as you comfortably can, then breathe out.
The respiratory muscles aren’t working when you hold your breath. This can reduce the transmission of the nerve signals that trigger hiccups.
Breathe into a paper bag for about a minute. It increases blood levels of carbon dioxide, which seems to reduce hiccups in some people.
It’s also good during periods of stress. It focuses your attention on something other than the stressful situation and can help reduce the swallowing and gulping of air.
Try acupressure. Rest the heels of the palms on both cheekbones while placing the hands over the eyes.
Massage the temples by pulling the thumbs in toward the palm. After massaging, remove the hands from the eyes and lightly press the tip of the nose with a fingertip.
Personal interviewed Anil Minocha, MD, staff gastroenterologist and director of nutrition support at Veterans Administration Medical Center in Shreveport, Louisiana.
He is author of Handbook of Digestive Diseases (Slack Incorporated). http://minochahealth.typepad.com
December 19th, 2010 at 2:22 pm
Friend –
Moments ago, the Senate voted to end “Don’t Ask, Don’t Tell.”
When that bill reaches my desk, I will sign it, and this discriminatory law will be repealed.
Gay and lesbian service members — brave Americans who enable our freedoms — will no longer have to hide who they are.
The fight for civil rights, a struggle that continues, will no longer include this one.
This victory belongs to you. Without your commitment, the promise I made as a candidate would have remained just that.
Instead, you helped prove again that no one should underestimate this movement. Every phone call to a senator on the fence, every letter to the editor in a local paper, and every message in a congressional inbox makes it clear to those who would stand in the way of justice: We will not quit.
This victory also belongs to Senator Harry Reid, Speaker Nancy Pelosi, and our many allies in Congress who refused to let politics get in the way of what was right.
Like you, they never gave up, and I want them to know how grateful we are for that commitment.
As Commander in Chief, I fought to repeal “Don’t Ask, Don’t Tell” because it weakens our national security and military readiness. It violates the fundamental American principles of equality and fairness.
But this victory is also personal.
I will never know what it feels like to be discriminated against because of my sexual orientation.
But I know my story would not be possible without the sacrifice and struggle of those who came before me — many I will never meet, and can never thank.
I know this repeal is a crucial step for civil rights, and that it strengthens our military and national security. I know it is the right thing to do.
But the rightness of our cause does not guarantee success, and today, celebration of this historic step forward is tempered by the defeat of another — the DREAM Act. I am incredibly disappointed that a minority of senators refused to move forward on this important, commonsense reform that most Americans understand is the right thing for our country. On this issue, our work must continue.
Today, I’m proud that we took these fights on.
Please join me in thanking those in Congress who helped make “Don’t Ask, Don’t Tell” repeal possible:
http://my.barackobama.com/Repealed
Thank you,
Barack
December 19th, 2010 at 2:28 pm
Joyce, you are not alone in receiving this kind of devious offer. The creep sent me this one.
======================
This Popular Gold Investment Is a Snow Job
By Matt Badiali, editor, S&A Junior Resource Trader
Saturday, December 18, 2010
Folks looking to make a fortune in small gold stocks need to be careful: There’s a right way to do it… and there are a lot of wrong ways to do it.
One of the wrong ways to do it is by owning one of the world’s most popular ETFs right now. The symbol is GDXJ. It goes by the name “Market Vectors Junior Mining Fund.” And that name is a snow job.
“Junior” miners are the bloodhounds of the mining world. They are tiny companies that scour the world looking for the next big gold or silver discovery.
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Economic prognosticator Porter Stansberry is making his biggest prediction yet.
This has nothing to do with the stock market… but these events could change your life in a dramatic way, literally overnight.
Warning: This video contains controversial material, and may be offensive to some audiences.
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And when I say “tiny companies,” I mean it. Junior miners are microscopic compared to the popular mining companies you might now. Many junior miners are around $30 million in market value. Compare this to mega-gold miner Barrick, with a market value of around $52 billion. That’s more than 1,700 times the size of a $30 million company.
Junior mining stocks are popular with investors and traders because of this tiny size… and because they offer the chance for once-in-a-lifetime gains. When one of these tiny companies finds a big precious metals deposit, the returns are extraordinary. They can turn a modest $5,000 investment into hundreds of thousands of dollars.
That’s why, from a marketing standpoint, calling a big investment fund a “junior mining fund” makes sense. But in reality, it’s impossible to pull off.
You see, there’s no way a big investment manager can place a large amount of money into a tiny gold stock without causing a huge jump in its share prices. Plus, regulators place restrictions on investment companies to prevent them from owning too much of one company. Big investors, like fund managers, can’t operate in this sector.
So is GDXJ really trying to invest in junior miners? Let’s take a look under the hood…
The average market value of the companies GDXJ owns is $1.6 billion. That’s 500 to 800 times the size of most juniors.
GDXJ owns these multibillion-dollar miners because they have the size to handle big fund flows. Real juniors do not. The folks running GDXJ are calling it a “junior” fund because of the huge interest in tiny gold stocks right now.
Don’t get me wrong. GDXJ owns a lot of great mining companies. And it’s just the nature of selling to give something a name the public will be interested in. You’ll probably make good money with this investment if gold and other metals keep rising in price… but it ain’t a junior mining investment.
That’s actually good news for us: Small investors willing to do their homework and know the best companies in the sector have a big edge. These companies are too small for Wall Street to play around in.
Good investing,
Matt Badiali
P.S. The only way to safely trade junior mining companies is through research, knowing the best companies, and knowing how to play the big booms. If you’re interested in a revolutionary new way to do all this, click here.
December 19th, 2010 at 2:33 pm
Yeah, Barbara, here is that creep at work scaring people through the Right’s “Human Events” scam.
———————————–
Hello There,
The new Uncommon Knowledge video from our friends at the Hoover Institution is now available.
This week’s video is with Matt Ridley, a former science and technology editor for The Economist, a journalist and bestselling author of his most recent book, The Rational Optimist: How Prosperity Evolves. He discusses the evolutionary process of “ideas having sex,” calling it the secret behind human progress. Listen to his argument that life for the average human being is richer, healthier, and kinder than ever, and the “trick” that changed the world.
Find out how he responds to the question: “What is everyone complaining about?”
———————————-
I never liked Anonz, but it seems he called this one right.
Lenny
December 19th, 2010 at 3:03 pm
Watching the Philadelphia vs Giants game to reminded me of the “Just-us” white boy justice system.
Michael Vick got more time in prison for possibly causing the death a dog than a white police officer got for shooting a black man in the back and definitely killing him.
Robert
December 19th, 2010 at 3:10 pm
Anonz called it correctly. The Right is trying to scam the American investor. He is being told that the sky is falling and they have the roof.
Here is the bull shit they sent me.
————————–
Steve’s note: As you’ve seen in our special series this week, my friend and colleague Porter Stansberry is deeply concerned about the problems developing in our country and around the world. And today, he’s showing readers how to prepare for the crisis he sees happening. Read on for the final installment of our “End of America” series…
How to Protect Your Family and Wealth from the End of America. By Porter Stansberry with Braden Copeland
The International Monetary Fund estimates the 20 largest industrial nations (known as the G20) are on course to see their combined government debt exceed 100% of their combined GDP within three years.
Debts of this size simply cannot be financed, let alone repaid. The first step in this great unraveling is underway – the collapse of the euro.
Is this the End of America?
A wealthy U.S. businessman says that in 2011, America will experience one big radical change.
This shocking prediction has actually nothing to do with the stock market–but it could affect everything about the way you live, shop, travel, and even retire.
If you care about your family, I strongly encourage you to watch the free video presentation, which explains everything you need to know.
In March 2010, I wrote:
Like dominoes, the highly indebted economies of Europe are going to topple. Greece was first. But plenty more problems are coming. Italy has no way to meet its obligations. Nor do Portugal or Spain…
Events over the past two weeks in Greece should give you plenty of warning governments all over the world have too much debt.
What will the U.S. do when a major European financial institution fails? If the resulting contagion causes one of America’s major banks to fail, what will the U.S. government do?
The answer, my friends, is simple: It will print, print, print, and print. Here’s the important fact to remember…
The United States is the only government in the world that can actually afford to underwrite the world’s banking system. That’s not because we have any real savings, but because we control the world’s reserve currency. It’s a paper standard, which means we can always print more of it.
The U.S. announced exactly that last month, setting up an enormous $1 trillion bailout fund for the euro via the IMF and beginning a new round of quantative easing – this time $600 billion of new dollar reserves will be injected into the U.S. Treasury market.
Despite the enormous buying of Treasurys by the Fed, long-term Treasury bond rates have soared on these announcements. Investors have begun to flee the U.S. dollar into all other forms of savings:
Coal and oil are trading at two-year highs.
Corn, soybeans, wheat, cotton, and sugar are trading at multiyear highs.
Gold and copper are trading at record highs.
Silver is trading at a 30-year high.
Even long-depressed natural gas is now rallying.
This list sums up the arguments and warnings we’ve been giving for years. We are not going to have a crisis. We are in a crisis right now.
What’s the best way to protect yourself?
Well, if you had done nothing this year but buy real money (gold) and short U.S. Treasury bonds, you would be sitting on a significant profit.
Take a look at the chart below. Gold (the blue line) is up about 23% in the last year. The Treasury bond fund (the black line) is flat.
The credit of the U.S., which backs every bankrupt government in the western world, must soon collapse. Our ongoing debts and deficits are too big to be financed in sound money. Thus, the Fed is turning on the printing presses, and they will be running for a long time.
The time to act is now.
It’s critical you orient your investments so you’re long real money and real assets and short bad credits – starting with the U.S. government. Buy the things people need – food, energy, and money. Sell things that are vastly encumbered – especially the stocks of corporations that are deeply in debt.
As you look through your portfolio, the first thing you ought to consider adding is silver. Silver is the best hedge against paper money for one simple reason: When it’s not used as money, there’s very little demand for it. When it is used as money, there’s a tremendous demand for it.
I expect gold will continue to move higher, too… much higher. If you wanted to put the U.S. dollar on a 10% gold-reserve standard, the price of gold would have to reach nearly $10,000 an ounce to back all the outstanding money of zero maturity. Assuming gold reaches this price, the price of silver at its full monetary value (at a 15:1 ratio to gold) would be around $650 an ounce.
I know these prices seem ludicrous today… but those numbers are real.
Remember, we’re a long way from the end of this crisis. Most people don’t even own any gold or silver yet. So now is the best time to hedge your portfolio… before the rest of the world realizes a massive inflation is underway.
Good investing,
Porter Stansberry
P.S. My claims may sound crazy. But please don’t hesitate to protect your portfolio against this very real currency crisis. I recently put together a presentation to show you exactly how dire things have gotten… and discuss possible solutions for you and your family. I urge you to review the simple facts in my presentation. You’ll be surprised by what you hear.
Further Reading:
DailyWealth readers have been ahead of the crowd in the precious metals trade. But, as Brian Hunt recently pointed out, “Now that folks are watching whole countries go bankrupt on the nightly news and reading how U.S. government spending is exploding, they are waking up to the idea of owning gold and silver as a ‘real money’ way to protect themselves from these disasters.”
Read more here: Why You Need to Get Long Silver Immediately.
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Looks like the Right have opened the dams and let the investment crooks run regulation free.
Green
December 19th, 2010 at 3:19 pm
Michelle, your comment about Obama and his attempts to do right by a people who are too stupid to do right by themselves is so poignant.
Here is an example of the mind set of the Republicans as they gloat over the passage of the tax cuts for the rich.
it rendered Nancy Pelosi’s final moments as Speaker of the House into rank irony — Pelosi having to defend, support, and push through the House the tax cuts she spent nearly eight years opposing.
It made for a great feast of crow within the Democratic caucus.
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The republicans are heartless and relentless in their efforts to earn the few pieces of silver they receive from the rich for their services.
Helena
December 19th, 2010 at 4:57 pm
A man complained to a friend, “I had it all—money, a beautiful house, a big car, the love of a beautiful woman— and now it’s all gone.”
His friend asked, “What happened?”
The man said, “My wife found out. Now she has it all.”
December 19th, 2010 at 8:13 pm
I got this from Walgreens telling me that someone had hacked into their files and gotten my email address among others.
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December 10, 2010
Dear Valued Customer,
We recently became aware of unauthorized access to an email list of customers who receive special offers and newsletters from us. As a result, it is possible you may have received some spam email messages asking you to go to another site and enter personal data. We are sorry this has taken place and for any inconvenience to you.
We want to assure you that the only information that was obtained was your email address. Your prescription information, account and any other personally identifiable information were not at risk because such data is not contained in the email system, and no access was gained to Walgreens consumer data systems.
As a company, we absolutely believe that all customer relationships must be built on trust. That is why we believe it is important to inform you of this incident. Online security experts have reported an increase in attacks on email systems, and therefore we have voluntarily contacted the appropriate authorities and are working with them regarding this incident.
We encourage you to continue to be aware of increasingly common email scams that may use your email address to contact you and ask for personal or sensitive information. Always be cautious when opening links or attachments from unsolicited third parties. Also know that Walgreens will not send you emails asking for your credit card number, social security number or other personally identifiable information. So if ever asked for this information, you can be confident it is not from Walgreens.
If you have any questions regarding this issue, please contact us at 1-888-980-0963. We take your privacy very seriously, and we will continue to work diligently to protect your personal information.
Sincerely,
Walgreens Customer Service Team
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One has to be careful what you give to these organizations even when they tell you their site is protected.
Steve
December 20th, 2010 at 7:38 am
I had a good time at the party Michelle. You are one FINE thing. I swear the next time you come alone, I’m going to taste those those tempting lips.
December 20th, 2010 at 7:53 am
We can’t all be GIRLZ, but we can all be Girls making a difference on the planet. Congratulations to Guam’s Island Girls for making a difference and receiving the 2010 Pacific Human Rights Award.
For those of you who missed the story:
++++++++++++++++++++++++++
Guam’s Island Girl Power receives 2010 Pacific Human Rights Award
Guam Gov. Felix P. Camacho congratulates Island Girl Power for being awarded the SPC/ RRRT Pacific Human Rights Award.
According to a release by the Secretariat of the Pacific Community, three Pacific Islanders as well as three organizations were honored with this year’s Secretariat of the Pacific Community’s /Regional Rights Resource Team Pacific Human Rights Award.
The award, which focuses on recognizing extraordinary efforts in advancing gender equality in the region, was given to Guam’s local non-profit Island Girl Power and Ayuda Foundation among 13 nominations region-wide.
Island Girl Power, a non-profit organization established in 2002, addresses issues facing young girls throughout our community, such as teen pregnancy, suicide, and substance and sexual abuse.
This year’s winners will share a monetary award totaling $10,000 in recognition of their efforts in advancing women’s human rights and gender equality in the Pacific region.
“I want to congratulate the Island Girl Power team and all those who continue to show a commitment to our island community, most especially our young women.
No words can express how proud and grateful we are for the work you do. On behalf of the people of Guam, we thank you,” said Camacho.
“I must also commend Ms. Cynthia Cabot and Ms. Ruth Leon Guerrero for taking the lead in nominating Island Girl Power and helping our island gain this prestigious award for the first time.”
The awards were presented by SPC’s deputy director-general Fekitamoeloa ’Utoikamanu during a ceremony in Suva, Fiji on Dec. 10, 2010.
For the organization category the overall winner was the Tonga Women and Children’s Crisis Centre in recognition of their work on elimination of violence against women.
Two special citation awards were presented to Island Girl Power and Ayuda Foundation (Guam) for empowerment initiatives for young girls on Guam and the Fiji National Council for Disabled Persons for their research and advocacy in the area of women with disabilities.
“They have advocated in favor of the peaceful resolution of conflict, young girls’ empowerment and for democracy, free speech and public accountability.
They have put at risk their personal safety and financial security, and have persevered when their goals seemed unattainable.
They are committed women’s human rights defenders,” said Sarah Goulding, Counselor Development Co-operation, Australian High Commission Suva.
Nominees for this year’s award must have demonstrated strong commitment to social justice, human rights, democracy and the rule of law with a focus on gender equality, as well as a high degree of commitment in their personal lives and actions to the framework of the Universal Declaration of Human Rights. (PR)
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Hafa Adai
Anna
December 20th, 2010 at 7:55 am
Michelle, you went to a party ALONE and you didn’t give your fans a heads up?
Where’s the Christmas Spirit? I mean can’t a guy get a present early?
Morris
January 3rd, 2011 at 8:26 am
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