Get Off Your Assets!

Buy Real Estate Right Now!!!

Capitalize on the opportunity of your lifetime! The stars are aligned and the perfect real estate storm is upon us.

The objective is to get you out and buying real estate.

We’ve been waiting for two years for the right time to start buying real estate in San Diego again. The time is now.

Lenders are overwhelmed with the number of properties they’ve foreclosed on. And there are thousands of properties currently in default in San Diego County (tens of thousands in Southern California) and most of these properties are going to become REO (Real Estate Owned) by the lenders. These lenders are in trouble AND their fiscal year end is December 31.

They need your help.

Bill hasn’t spoken to the SDCIA for over four years but he feels so strongly that you don’t let this opportunity pass without taking advantage of it. He’s going to provide you with information and tools so you can go out the very next day and start buying real estate!

We made money when real estate was booming. Here’s an opportunity to make even more! Now is the time!

Bio:

Bill is the president of the San Diego Creative Investors Association (SDCIA). He is a California real estate broker. His company specializes in: the purchase of real estate mortgages, making hard money loans, real estate investments and real estate exchanging. He speaks and teaches throughout the country on many real estate subjects including creative financing, real estate investing and exchanging, trust deed investments and using a financial calculator.

I wish you... Intelligent Investing!!!

Capitalism Didn't Cause Credit Meltdown

By FRED SCHNAUBELT

The anti-capitalists are running amok pointing accusatory fingers. They claim the collapse of the housing and financial markets was due to cowboy capitalism, casino capitalism or greedy capitalism, etc. etc. etc.

People everywhere are crying out for Congress to investigate. Investigate! But who will investigate Congress, its malfeasance and lack of oversight? This is a Congress that desperately wanted people without jobs, credit histories or down payments to own homes. The Democrats pushed for it and looked the other way. Republicans went along to get along.

After all, why shouldn't unqualified people own homes? Isn't this what the Federal Reserve Bank of Boston advocated in its Guide to Equal Opportunity Lending -- a proactive implementation of the Community Reinvestment Act? The Boston Fed, in pursuit of "social justice," promoted a fraudulent study. It abdicated a central bank's fundamental obligation to promote and maintain stability in financial markets. The Boston Fed even reminded lenders that they were subject to multimillion-dollar fines (1 percent of net worth) for failure, in effect, to make "bad loans." (See: Anatomy of a Train Wreck -- Causes of the Mortgage Meltdown).

Fannie Mae and Freddie Mac (created by Congress), the Federal Reserve, the House Financial Services Committee, Barney Frank chairman and the Senate Banking and Housing Committee Chris Dodd chairman and a host of government agencies all played a part in the subprime loan debacle. None of them represent capitalism! Banks under capitalism do not voluntarily make loans to unqualified people with zero down when there's little chance of being repaid.

These watch dogs were too busy taking money from people who earn it and giving it to those who didn't to notice the tsunami. Congress's concern over the seriousness of the financial crisis can be measured by how it turned an initial 3-page bailout into a 450-page rescue plan larded with earmarks, pork and special privileges. Ostensibly a plan to rescue homeowners, many who lost nothing. Tens of thousands made no down payments, and for 3 years before resetting, their monthly payments were less than rent. They got an option cost free and now the government wants the taxpayers to bailout these reckless home speculators. What a country!

Can free enterprise survive?

What about the errant banks, insurance companies and businessmen who ran them? Adam Smith, father of capitalism warned, "People of the same trade seldom meet together, even for merriment and diversion, but the conversation ends in a conspiracy against the public, or in some contrivance to raise prices." And in 1776 he further observed, "It is not (however) from the benevolence of the butcher, the brewer or the baker, that we expect our dinner, but from their regard to their own interest," as if led by an invisible hand.

Many people are shocked upon learning that most businessmen, in fact even highly successful ones, cannot define America's predominant economic system. In fairness it must be pointed out that the business community is actually comprised of two types of people -- "political businessmen" and "free enterprise businessmen" (businesswomen). Political businesspeople seek to privatize profits and socialize losses, just as the big investment banks and Congress are doing today. True capitalists ask no favors or subsidies from government.

What defines capitalism?

Capitalism (free enterprise) is the system of social cooperation based upon voluntary exchange and division of labor, with productive resources privately owned. Capitalism is the societal structure that protects individual rights, including the right to own property. People are free to deal with one another or not, as their individual judgments, convictions and interests dictate. People deal with each other through reason, i.e. by means of discussion, persuasion and contractual agreements on a voluntary basis. For these reasons, capitalism is the only moral economic system ever devised by man. Since transactions are voluntary, they only are consummated when all sides feel they are better off -- in short -- everyone wins.

Under capitalism Ludwig Von Mises avers, government is not a necessary evil, as often heard. "Government is not evil, but a means, the only means available to make peaceful human coexistence possible." Government, when limited, is indispensable in maintaining a free market when it creates a fair field without favor, invokes a common justice, enforces voluntary contracts and defends the citizenry against predators, both foreign and domestic.

The opposite of capitalism is socialism. Socialism is the government ownership or control of the means of production and/or the government control of the results of production. Bear in mind that ownership and control amounts to the same thing. One owns what he controls and controls what he owns. Under socialism where transactions are dictated by government, one person's gain is another person's loss as the state attempts to insure equality and social justice -- taking from Peter to pay Paul. An obvious recent example would be the ensconcing of people in homes with subprime loans they cannot afford via the Community Reinvestment Act, Fannie Mae and now the bailout -- something capitalists never do except through charitable contributions.

If you who expect the average American businessman to put up a desperate fight in defense of the system, you're simply out of touch with reality. There's no reason to expect businessmen to be more committed to the system of economic freedom than anyone else. They're not even the primary beneficiaries of the system. It's consumers, the average everyday Mr. and Mrs. America who, far from being exploited under capitalism, are precisely the principal beneficiaries. Today's credit meltdown is not a failure of capitalism. It is an example of creeping socialism turning into galloping socialism through misguided government intervention in the markets.


Fred has some very well thought out articles.
B
I wish you... Intelligent Investing!!!

The saddest places on earth are graveyards. Not because people are buried there, but because dreams, talents and purposes that never came to fruition are buried there. Graveyards are filled with books that were never written, songs that were never sung, words that were never spoken, things that were never done.

You have talents and gifts that no one else can offer. There are things you can do that no one else is capable of doing quite the way YOU can do them. Don’t rob this earth of your purpose by taking it to the grave with you. You see, we all have a purpose, a reason for living, breathing and existing. We all have unique talents and gifts that were created and given to us to be shared. Our task is to understand this and figure out what our purpose is. We owe it to the Universe AND to ourselves!
- Mark Victor Hansen

Ditto, B

I wish you... Intelligent Investing!!!

Vote on Tuesday. It matters. You have a special right that people have died throughout history to acquire and protect. So exercise that right. And take the time to do your homework so that you make a carefully determined decision. Not a decision that's determined by whomever spent more money to advertise. Those marketing dollars were not spent with your best interests in mind.

And hold those that get into office to an ethical standard of integrity and service.

Vote.

B

I wish you... Intelligent Investing!!!

A Message by George Carlin:

The paradox of our time in history is that we have taller buildings but shorter tempers, wider Freeways, but narrower viewpoints. We spend more, but have less, we buy more, but enjoy less. We have bigger houses and smaller families, more conveniences, but less time. We have more degrees but less sense, more knowledge, but less judgment, more experts, yet more problems, more medicine, but less wellness.

We drink too much, smoke too much, spend too recklessly, laugh too little, drive too fast, get too angry, stay up too late, get up too tired, read too little, watch TV too much, and pray too seldom.

We have multiplied our possessions, but reduced our values. We talk too much, love too seldom, and hate too often.

We've learned how to make a living, but not a life. We've added years to life not life to years. We've been all the way to the moon and back, but have trouble crossing the street to meet a new neighbor. We conquered outer space but not inner space. We've done larger things, but not better things.

We've cleaned up the air, but polluted the soul. We've conquered the atom, but not our prejudice. We write more, but learn less. We plan more, but accomplish less. We've learned to rush, but not to wait. We build more computers to hold more information, to produce more copies than ever, but we communicate less and less.

These are the times of fast foods and slow digestion, big men and small character, steep profits and shallow relationships. These are the days of two incomes but more divorce, fancier houses, but broken homes. These are days of quick trips, disposable diapers, throwaway morality, one night stands, overweight bodies, and pills that do everything from cheer, to quiet, to kill. It is a time when there is much in the showroom window and nothing in the stockroom. A time when technology can bring this letter to you, and a time when you can choose either to share this insight, or to just hit delete...

Remember; spend some time with your loved ones, because they are not going to be around forever.

Remember, say a kind word to someone who looks up to you in awe, because that little person soon will grow up and leave your side.

Remember, to give a warm hug to the one next to you, because that is the only treasure you can give with your heart and it doesn't cost a cent.

Remember, to say, 'I love you' to your partner and your loved ones, but most of all mean it. A kiss and an embrace will mend hurt when it comes from deep inside of you.

Remember to hold hands and cherish the moment for someday that person will not be there again.

Give time to love, give time to speak! And give time to share the precious thoughts in your mind.

AND ALWAYS REMEMBER:

Life is not measured by the number of breaths we take, but by the moments that take our breath away.

If you don't send this to at least 8 people....Who cares?

George Carlin

Isn't it amazing that George Carlin - comedian of the 70's and 80's - could write something so very eloquent... and so very appropriate.

I wish you... Intelligent Investing