Abundant Michael

Seven steps on how to manifest anything in your life

Manifest tips and dealing with blocks from the super energetic Marie TV with guest Gabby.

 

1. Get Clarity on what you want/goal. Allow room for "that and even better...". Language in choice ("I chose..." rather than "I have to ..."

2. Feel the energy of what being and having that result is like. "I am ..." not "I want ...". Take time each day to focus in this energy.

3. Be brave to see and address any blocks to feeling that way. Notice Old beliefs and patterns about your goal. Have a regular practice to clear them.

4. Notice any guidance and synchronisties about your goal. Take inspired action steps towards your goal.

5. That includes ignoring any external evidence that appears to contradict your want

6. Know that god/your higher self has your back and that you will manifest this goal for sure! Be patient, not anxious.

7. Feel gratitude for the results you get. Gratitude is one of the most powerful vibrations for manifesting. Guilt and shame are some of the worst. Stay in a high vibration throughout your day in order to manifest more.

Spain banking issues today, capital control in your country later?

Here is an Update on Spain from someone on the ground visiting there. And a suggestion to park some funds abroad before capital controls come here too. Actually they have already started to move in that direction in the US too - with increased reporting requirements of FACTA causing individuals and banks to fear US accounts abroad. And I have noticed that banks in US are questioning foreign wire transfers (due to regulatory pressure I believe) - both incoming and outgoing ones. I think it will only get worse. If you have been thinking of diversifying some assets among different countries best act now...
love
Michael

It takes all of three seconds on the ground in Spain to realize that this country is hurting. Big time.


I was just here three months ago, eight or nine months before that. Each time it seems worse-- more strikes, more homeless, more unemployed, more unrest, more storefront vacancies. It's amazing what the combination of debt, deceit, and a bona fide banking collapse can do to a nation.

In a most intellectually disingenuous statement, European leaders recently announced that Spain is A-OK and would not require a bailout. I suppose it's true to a degree. Spain doesn't really need a bailout. More like an exorcism. Or at least last rites.
 
After all the debt, austerity, government collapse, riots, etc., there's a new crisis du jour here: the banking system. Individuals, businesses, and institutions are all predicting a breakup of the eurozone, and nobody wants to have cash in this country on the day they introduce a new currency (and then immediately proceed to devalue it.)

Consequently, depositors are moving money out of the country en masse, often to the tiny principality of Andorra next door-- a highly capitalized, low tax banking jurisdiction. This leaves the already thinly-capitalized Spanish banks in an even weaker position.

As you probably know, the way the banking system works in most of the world is a complete fraud. Most banks only hold a tiny percentage of their customers' deposits in cash. The rest is 'invested' (gambled) or loaned to a bankrupt government.

This is a high-risk model that only works well when people have tremendous confidence in the system. The moment there are more than a handful of depositors wanting their money back, the bank has a big problem.

This is happening nationwide in Spain, so the entire banking system has a problem. Nearly every bank here is technically insolvent... and yet they have droves of customers trying to withdraw funds that aren't there.

As such, the IMF is now recommending that Spain (and other nations in the eurozone periphery) take action "at the national level" to stem this flight of funds and prevent people from moving money abroad.

Of course, they won't come right out and say it, but there's a name for 'national level' action to stem the international flight of funds. It's called capital controls.  

This is when governments restrict the free-flow of funds across borders, often -requiring- that citizens hold a rapidly depreciating currency at sub-inflation rates.

It's one of the worst forms of theft imaginable-- robbing the purchasing power of people's savings and incomes, all to meet some unachievable objective, or for 'the greater good' as defined in the sole discretion of the ruling elite.

Over the summer while in Europe, I saw early signs of capital controls being rolled out.  In Italy, for example, the government imposed bank withdrawal limits... essentially holding people's savings captive. Then they initiated strict border controls with Switzerland in an attempt to thwart citizens trying to sneak cash out of the country.

It's going to happen here in Spain as well. And unfortunately, the people who didn't see the writing on the wall and take action early are going to find the door shut in their faces by the next wave of regulation.

Moving some savings abroad isn't the sort of thing where you want to run with the crowd. As with anything, the dynamics change quickly when the idea becomes mainstream. Smart, thinking people ought to recognize the signs early and be well ahead of the crowd.
From http://www.sovereignman.com/expat/is-the-imf-now-recommending-capital-controls-8975/

10 places to buy gold and why it is a good idea now

Gold has gone up about 15% in the past few months. I continue to see gold and silver as good insurance against inflation and financial crisis and would recommend putting 10- 70% of your savings in gold depending on your beliefs in how likely an inflation/crash scenario is. There definitively is some possibility of this event from reading many financial analysts and looking at the investments of some famous investors and foreign central banks moving into gold over the past year. With Fed QE3, ECB and BOJ new money printing programs just announced in the last few weeks, it is more likely. The author of the book "The Crash Course" by Chris Martensen says

It’s no secret that I’m a big fan of owning precious metals.  Why?  Because it provides you with the most direct way to protect your wealth from paper money devaluation with no counterparty risk.  Gold is the only financial asset I know of that is not simultaneously somebody else’s liability.  That makes it rather unique.  I think everyone who can should have at least some exposure in their portfolio to gold and silver.

 

There are many ways to invest in gold and silver, but for the individual who is just starting out, we highly recommend beginning by purchasing at least a few ounces of physical bullion.


More details at http://www.peakprosperity.com/blog/what-should-i-do-basics-resilience-part-7-protecting-wealth/43745

And he has said that he holds about 70% of his portfolio in precious metals right now.

 

 

If you are interested here are some easy ways to buy and hold gold:

  • GoldMoney http://www.goldmoney.com/
    • my view: easy way to get started in gold ownership with no minimums
    • holds allocated shares of gold bars in secure vaults in London, Switzerland, Hong Kong etc
    • easy to open an account online linked to your bank account(s)
    • you can buy any amount (no minimum) of gold "goldgrams"
    • monthly storage fee 0.015% is paid with goldgrams from your account, no minimum fee
    • easy to sell and transfer money to any bank account in the world
    • based in Jersey UK
  • Silver Bullion http://www.silverbullion.com.sg/
    • my view: reduced counter party risk for a second step in gold ownership and is outside your home country's control
    • hold allocated gold and silver coins and bars in Singapore secure Freeport vault
    • easy to open a STAR storage account online and buy gold or silver coins and bars
    • minimum purchase is one ounce of gold or silver ($1800 or $40 at current prices)
    • exempt from Singapore GST tax since October 1st 2012
    • pay annual storage fee from your account cash funds
    • easy to sell
    • based in Singapore, a secure and financially stable country
  • Gold coin dealer and you store yourself
    • my view: a good idea to hold some of your gold personally as there is no counter party risk, but not for large holdings
    • you hold it personally
    • easy to buy from dealers in London or across Europe and USA
    • can be bought through the mail eg http://www.ampex.com/ in USA
    • minimum purchase is 1/10th ounce of gold or one ounce silver ($200 or $40 at current prices)
    • premium over spot price is a bit higher than online vaults
    • no counter party risks from other parties such as storage firm or vault in case they go out of business or are subject to extreme government regulation in a crisis
    • you need to evaluate if the metal is genuine from either the reputation of the dealer or self-testing
    • you are responsible for safe storage. For a few coins not a big problem, but could be an issue for larger investments.
    • if you hide it well you need to document where it is for your will (and for yourself!)
    • easy to transport on your person in times of emergency (mix it in with other coins in a purse and airport scanners don't notice the difference)
    • I don't recommend putting in a bank storage box because 1) the very time you need it in a crisis banks may be closed for several months emergency "bank holiday" 2) governments have opened bank boxes and take the contents before. There are secure offshore non-bank private storage places that can be used for larger amounts eg Das Vault in Austria or various places in Hong Kong and Singapore
  • Other options (that I don't recommend for beginners)
    • Gold ETFs
      • eg GLD, IAU, SGOL, AGOL
      • you don't hold physical gold and it is not clear that the certificate is backed by 100% gold holding
      • easy to buy and sell from your stock broker
      • consider it a speculative investment that is great until a crisis happens and then might be worthless
    • Gold mining stocks
      • you don't hold a claim on gold at all, you own a share of a company with a hole in the ground that may contain some gold
      • easy to buy and sell from your stock broker
      • tends to go up and down more than the corresponding price of gold
      • might increase in price due to take over such as the recent Chinese purchases of gold mining companies in Australia
      • can also get gold mining ETFs such as such as GDXJ and GDX
      • consider it a speculative investment that is great until a crisis happens and then might be worthless
    • Perth Mint Certificates http://www.perthmint.com.au/
      • certificate issued by the government of Australia for gold
      • allocated
      • if the government decided in the future that it wants your gold it would be easy for them to take it
    • New Zealand Mint http://www.nzmint.com/bullion/storage
      • similar to Perth mint but also let you deliver your own coins to store
      • stable government with low debt ratio
      • high premium over spot price for purchases (7%)
    • BullionVault http://www.bullionvault.com/
      • Similar to GoldMoney but the $4 per month minimum gold storage fee means you would want at least $2k invested to make sense
      • only lets you link one bank account at a time to your gold, which might be a problem if you had to leave your original country in a hurry
      • otherwise a good place
    • Hard Asset Alliance http://www.hardassetsalliance.com/
      • this has approx $10k minimum purchase for storage
      • US based
      • otherwise a good place
    • Swiss Metal Assets http://www.swissmetalassets.com/
      • this has approx$8k-23k minimum purchase
      • is targeted at rare earth metals, doesn't sell gold and while they do sell and store silver is not designed for that
      • aimed at long term investment of 5 years or more
      • otherwise a good place

A no brainer investment?

This could be a no brainer investment. Actually you might already own stock in it, but with the quad-annual meeting coming up next month, this is your opportunity to really cash in before it is too late... or did I mean cash out...?
MM

I want to tell you about a company I've recently come across that is shaping up to be one hell of an investment opportunity. Today is the first day of their new fiscal year, and it's obvious they're poised for massive growth and huge upside potential.


To start off, it's an absolutely giant company. The biggest in the world, in fact. Maybe the biggest in the history of the world. And year after year, it gets even bigger. They hire more employees and embark on larger, more ambitious investment projects.

Now, in all candor, most of those investment projects don't really work out very well for the company's bottom line. In fact, the company has actually lost money nearly every single year for the past five decades.

I should also point out, in fairness, that the company's balance sheet is pretty dismal. Its net book value is negative. Big time. The company's debt load is worth far more than all of its assets put together, and then some.

They also have a small problem with future pension liabilities (which could actually dwarf the existing debt burden). It's difficult to ascertain the true nature of this pension issue, though, because I believe management is using a few accounting tricks to cover up the problem.

Oh, and speaking of management team, the company has a real cracker jack squad running the show.

They've got an enormous board of directors to oversee things on behalf of shareholders. Most of the directors are trained attorneys, so they really know their stuff when it comes to managing finance.

Curiously, many have been on the board for decades, so as individuals they are not necessarily held accountable for corporate performance. It seems, however, that the shareholders really prefer this system and find it to be the best form of corporate governance in the world.

On that note, shareholders also directly choose the company CEO. This is typically a very charismatic fellow with great hair and a winning smile who excels at giving speeches. They even bought him an expensive jet to fly around the world and represent the company.

CEOs are changed out every few years. Before the transition, the new guy usually talks a lot about all the positive changes he wants to make... though over the next few years he usually comes up short. Shareholders don't seem to mind very much, though, because this cycle seems to repeat itself endlessly every few years.

Anyhow, let me tell you about the three key assets that make this as worthwhile investment:

The first is goodwill. The company's brand and trademark are loved around the world, even more than Coca Cola. There's barely a soul alive that hasn't heard of the company. OK, in truth, popular opinion may be waning in recent years... but most people still seem to view the company as it was 50+ years ago. This is a major benefit and will obviously last forever.

The second is its vast debt facility. Despite already being in so much debt, the company has access to nearly infinite lines of credit... so it can continue to further indebt itself in order to finance operations. Clearly this will continue forever, unabated, so no reason to worry.

The last key asset is the company's share structure. While every shareholder has a single share, large consortiums often band together to influence management in their own favor at the expense of other shareholders.

Moreover, management has the authority to issue a mandatory rights offering... essentially compelling shareholders to pay up more money into the company. As a matter of fact, if the shareholders don't pay, they can go to jail and the company can seize their assets. It's a beautiful system.

(curiously, shareholders never actually signed up for this obligation... but somehow it's still enforceable...)

Anyhow, here's the investment I want to tell you about-- the company wants to borrow a bit more money, structured as a 10-year note. They're offering an interest rate of 1.62% for that ten-year period. I don't know about you, but this seems like a no brainer to me. Even the rating agencies agree, it's practically risk free!

If you want to do your own research, check out the company yourself. It's called the United States of America.

from http://www.sovereignman.com/expat/do-not-miss-out-on-this-no-brainer-investment-8919/
 

How a lost war ended the America Empire

Nice future story of how the American Empire ended

The narrative takes place at some unspecified point in the next two decades; it’s probably necessary to say outright that is not how I think the end of America’s empire will happen, simply one way that it could happen—and thus a model that may help expose some of the vulnerabilities of the self-proclaimed hyperpower currently tottering toward history’s compost bin.

...

“Dammit, we need that oil.”  The president turned and walked over to the window.

 

 

He was right, of course, and “we” didn’t just refer to the United States. Jameson Weed won the White House the previous November with a campaign focused with laser intensity on getting the US out of its long and worsening economic slump.  Winning the country a bigger share of imported oil was the key to making good on that promise, but that was easier said than done; behind what was left of the polite fiction of a free market in petroleum, most oil that crossed national borders did so according to political deals between producer countries and those consuming countries strong and wealthy enough to compete.  These days, more often than not, the US lost out—and the impact of that reality on Weed’s upcoming reelection campaign was very much on the minds of everyone in the room.

 

 

“There’s one option,” said the president’s national security adviser.  “Regime change.”

 

 
President Weed turned back from the window to face the others. The Secretary of Defense cleared his throat. “Sooner or later,” he said, “the Chinese are going to stand and fight.”
...

more at http://thearchdruidreport.blogspot.com/2012/10/how-it-could-happen-part-one-hubris.html

How the perfect derivative storm could cost you 90% of your retirement

Interesting article on when (not if) the stock market will crash, probably due to derivative and banking storm that will make 2008 look like a mild April shower by comparison.

In the financial world, the month of October is synonymous with stock market crashes.  So will a massive stock market crash happen this year?  You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching.  We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage.  When that web breaks we are going to see a stock market crash that is going to make 2008 look like a Sunday picnic.  Yes, the Federal Reserve has tried to prevent any problems from erupting in the financial markets by initiating another round of quantitative easing, but 40 billion dollars a month will not be nearly enough to stop the massive collapse that is coming.  This will be explained in detail toward the end of the article.  Hopefully we will get through October (and the rest of this year) without seeing a stock market collapse, but without a doubt one is coming at some point.  Those on the wrong end of the coming crash are going to be absolutely wiped out.

....

According to Doug Short, the vice president of research at Advisor Perspectives, the stock market is somewhere between 33% and 51% overvalued at this point.  In a recent article he offered the following evidence to support his position....

? The Crestmont Research P/E Ratio (more)

? The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more)

? The Q Ratio, which is the total price of the market divided by its replacement cost (more)

? The relationship of the S&P Composite price to a regression trendline (more)

If a stock market crash does not happen this month or by the end of this year, that does not mean that the experts that are predicting a stock market crash are wrong. It just means that they were early.

...
[What about QE3 you ask?] The first two rounds of quantitative easing did indeed drive up stock prices.  The same thing will happen under QE3, unless the effects of QE3 are overwhelmed by a major crisis. For example, if we were to see a total collapse of the derivatives market it would render QE3 totally meaningless.

Estimates of the notional value of the worldwide derivatives market range from 600 trillion dollars all the way up to 1.5 quadrillion dollars.  Nobody knows for sure how large the market for derivatives is, but everyone agrees that it is absolutely massive. When we are talking about amounts that large, the $40 billion being pumped into the financial system each month by the Federal Reserve during QE3 would essentially be the equivalent of spitting into Niagara Falls.  It would make no difference at all.

 

Most Americans do not understand what "derivatives" are, so they kind of tune out when people start talking about them. But they are very important to understand. Essentially, derivatives are "side bets".  When you buy a derivative, you are not investing in anything.  You are just gambling that something will or will not happen. I explained this more completely in a previous article entitled "The Coming Derivatives Crisis That Could Destroy The Entire Global Financial System"....

A derivative has no underlying value of its own.  A derivative is essentially a side bet.  Usually these side bets are highly leveraged. At this point, making side bets has totally gotten out of control in the financial world.  Side bets are being made on just about anything you can possibly imagine, and the major Wall Street banks are making a ton of money from it.  This system is almost entirely unregulated and it is totally dominated by the big international banks. Over the past couple of decades, the derivatives market has multiplied in size.  Everything is going to be fine as long as the system stays in balance.  But once it gets out of balance we could witness a string of financial crashes that no government on earth will be able to fix.

 

Five very large U.S. banks (including Goldman Sachs, JP Morgan and Bank of America) have combined exposure to derivatives in excess of 250 trillion dollars. Keep in mind that U.S. GDP for 2011 was only about 15 trillion dollars. So we are talking about an amount of money that is almost inconceivable. That is why I cannot talk about derivatives enough.  In fact, I apologize to my readers for not writing about them more. If you want to understand the coming financial collapse, one of the keys is to understand derivatives.  Our entire financial system has been transformed into a giant casino, and at some point all of this gambling is going to cause a horrible crash.

 

Do you remember the billions of dollars that JP Morgan announced that they lost a while back?  Well, that was caused by derivatives trades gone bad.  In fact, they are still not totally out of those trades and they are going to end up losing a whole lot more money than they originally anticipated. Sadly, that was just the tip of the iceberg.  Much, much worse is coming.  When you hear of a major "derivatives crisis" in the news, you better run for cover because it is likely that the entire house of cards is about to start falling.

 

And don't get too caught up in the exact timing of predictions. If a stock market crash does not happen this month, don't think that the storm has passed. A major financial crisis is coming.  It might not happen this week, this month or even this year, but without a doubt it is approaching. And when it arrives it is going to be immensely painful and it is going to change all of our lives. I hope you are ready for that.


More at http://theeconomiccollapseblog.com/archives/warnings-that-a-massive-stock-market-crash-is-imminent

Previous Entries

BlogCFC was created by Raymond Camden. This blog is running version 5.9.8.012.