JUST LETTING YOU KNOW…
The market’s acting fine.
Well, the market was acting fine in 2006 and 2007 when I warned you about DEBT and credit bubbles and housing bubbles. That’s while the markets were going up.
I don’t care if the Dow goes up to 15,000 tomorrow. I am going to continue to you warn about the “no accountability lapdog paws in the hand, panting media” when it comes to the people in power right now.
Because it’s $16 trillion and counting and it’s going to be $20 trillion in 3 or 4 years AND YOU NEED TO KNOW that eventually the markets will wake up. Right now we are in a sea of liquidity. We are on zero percent interest rates, printing money around the globe, another TARP for $800 billion…and that’s what makes markets go higher. It really does.
So I’m going to continue to do my job here. I’m going to talk about the markets. I am going to guide you through the markets. But I am also going to hold these people accountable. And I don’t care of if they have a “D” in front of them or an “R” in front of them. I’m gonna come get every one of them so that you are educated and you KNOW.
I met Andrew Breitbart once up in New York City. He was a very conservative guy that had a bunch of websites. He was very controversial in that he meant business. He went after the Left. He went after the Liberals. He went after the Democrats with a fervor.
He died at the age of 43…looks like from a heart attack as he was walking near his house in Los Angeles, California.
The reason I like Breitbart is the same reason why I like Investor’s Business Daily – their Issues and Insights Section as well as their Op-Eds. They give facts and they give numbers.
You see, the media can do all they want to protect people in power. But I deal in facts. That’s all. I don’t need to opinionize. I just tell you we’re $16 trillion in debt. Thank you George Bush. Double thank you Barack Obama. But when George Bush was doing it, the media was up his @&$^#.
With Barack Obama, they don’t report it because they like him and they didn’t like the other.
Well I’m going to do my best to make sure you know, regardless of who’s in power – that I’m going after all of them. Because I care your kids. I care about my kids. And when you and I go, they’ll be left.
And all the debt that is being put upon this country right now – it’s going down to your kids.
They are doing nothing about spending. They couldn’t give a crap about controlling their spending. They only care about how much more money they can get into their own pockets, so they can dole it out to whomever they want to dole it out to—obviously, their best buddies.
And eventually this will affect markets, just like it did in 2008. Because the rubber band will stretch only so far before — SNAP.
So Andrew Breitbart, rest in peace.
He was a passionate man and he was passionately made people in power accountable for their actions with our money.
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Gary Kaltbaum owns Kaltbaum Capital Management, LLC (“KCM”), an investment adviser registered with the U.S. Securities and Exchange Commission. The opinions expressed herein are those of Mr. Kaltbaum and may not reflect those of KCM. The information offered in this publication is general information that does not take into account the individual circumstances, financial situation or individual needs of an investor. The information herein has been obtained from sources believed to be reliable, but we cannot assure its accuracy or completeness. Neither the information nor any opinion expressed constitutes a solicitation for the purchase or sale of any security. Any reference to past performance is not to be implied or construed as a guarantee of future results.