Financial Advisors Beware!

Bernie Madoff will be sentenced today and whether its for 12 years or 150 years it doesn't matter. The real questions are yet to be determined, like did he really act alone and be able to singularly manage this fraud for over 25 years in excess of Billions without help?? I hope you are not that naive. Madoff is the "fall guy" for some major names associated with the financial establishment, it just doesn't make logical sense to think otherwise.
It is my humble and non confirmed opinion that its simply impossible to deceive that many regulatory agencies, to include the SEC as well as his accounting firm decade after decade unless many others were involved outside Madoff's firm!
Now that all the damage is done, its almost totally impossible to believe any financial institution representing integrity of a corrupt market that is still being manipulated on the impulses of people only to make money in the short term. Suck you in and suck you out. It you think I skeptical that this mess will self correct, you are absolutely right. Look... Watch.... & Listen!!

CD Rates Will Go Up!

All of us who have allot of money in cash, money markets, treasuries, and CDs are being made to feel very foolish right now with the ridiculously low yields being offered. The Government and Financial Institutions want you to become impatience as many of us have and start dumping the remainder of our cash into the Equity markets.
Remember: printing billions in paper in conjunction with historically high federal deficits will ultimately demand rates get higher. I'm not insinuating that it will happen this year, but I do strongly believe it will occur as early as the second quarter of 2010.
So for now avoid the temptation to surrender into the Stock Market because once the treasury stops the printing presses all Hell will break loose and rates will rise rapidly!

Keep Print Money!

Boy, I'm certainly comfortable (sarcasim) that the rest of the G8 agree with us that printing money is the only way to avoid a global economic disaster. Only Canada and Germany have any fear of Hyper Inflation! Maybe Germany remembers those old "wives tales" about wheel barrels of money to buy goods!
Unfortunately, I happen to believe that the Global Consensus is mistaken with their present path. All monies will be less valuable and will only delay the eventual Financial Armageddon because there is no "pretty way" out of this mess. Let's face the music sooner than later. The longer we pretend that we can subsidize our debt the worst will be the outcome.
Who wants to revert back to the barter system anyway!

Math vs Ideology?

Is anyone in Washington doing the math these days? Take the GM bankruptcy issue for an example, my five year old grandson knew that it was apparent that GM wasn't going to make it in its present financial state, but our Federal Government gave them a Christmas Present of $18 Billion and now that they are going bankrupt the Fed's are printing up another $18 Billion.
I never knew that you give a company money to go bankrupt in the first place. What does that come out to per remaining employee of GE ... $100,000+ ??
No accountability and eventually it will kill us even more with much...much... higher interest rates with little available credit!