A special presentation by H. L. Quist.
Mark your Calendar – RSVP Today
Thursday, December 11, 2008
10:00 – Noon
Southwest Valley location TBD
Tentatively: The Paseo Apartments Clubhouse
H. L. Quist
Author of "The Aftermath of GREED: Get Ready for the Coming Inflationary BOOM"
Host of "The Myth Buster Show" on KFNN radio
He correctly forecasted the last 5 Boom and Bust cycles since 1993, including the recent real estate boom and the ensuing bust.
H.L. "Buster" Quist will now share his economic forecasts for the aftermath of the Mother of All Bailouts, about how inflation will impact your future, help you understand what a "Crack-Up Boom" is, and what could be the greatest opportunity of a lifetime to build or protect your nest egg!
Fee: Free early registration by November 30, 2008; $10 afterwards
Information: www.TheRonald.us
RSVP: 623.249.4792 OR office@bi-solutions.biz
Monday, November 17, 2008
Monday, November 10, 2008
The Myth Of The Week - November 9th
The Dollar Is As Good AS Gold
Hello World,There's an event that will occur in Washington, D.C., Friday, November 15th, which will impact all Americans. Watch my video and then listen to my Radio program today (Monday, November 10th) from 1- 2 p.m. Phoenix time at KFNN 1510AM, to learn why I say, The Us Dollar was the once and future king of currencies. If you miss the live radio show, click on the mic to the right anytime after 2:30 p.m. and listen to this week's archive of the show. You can also listen to the radio show streaming live between 1-2 p.m. at www.kfnn.com.
--H. L. Quist
Wednesday, November 5, 2008
H L Quist Forecasted Obama Victory
Hello World,
This past Saturday, November 1st, at the Financial Fest in Phoenix, I told the crowd that Obama would be our next President, and an inflationary boom would follow!
For those of you who were not there, I sent out a Press Release last night, click here to read about it.
Send this blog to your friends and ask them to subscribe. Continue to follow for updates.
And don't forget to tune in every Monday, 1-2 p.m. Phoenix time at KFNN 1510AM or listen live at www.kfnn.com, to get the Myth of The Week, and current events.
Click on the microphone to the right to tune into this week's program from my radio show "The Myth Buster Show"
This past Saturday, November 1st, at the Financial Fest in Phoenix, I told the crowd that Obama would be our next President, and an inflationary boom would follow!
For those of you who were not there, I sent out a Press Release last night, click here to read about it.
Send this blog to your friends and ask them to subscribe. Continue to follow for updates.
And don't forget to tune in every Monday, 1-2 p.m. Phoenix time at KFNN 1510AM or listen live at www.kfnn.com, to get the Myth of The Week, and current events.
Click on the microphone to the right to tune into this week's program from my radio show "The Myth Buster Show"
Monday, October 27, 2008
H. L. Quist is Speaker at Financial Fest November 1, 2008
Mark you calendars and pre-register (free!) at http://financialfest.net/ for this Saturday, November 1, 2008, and catch up with H. L. Quist at his booth from 8 a.m. to 2:45 p.m., and then listen to his presentation at 3 p.m. in Room #165.
H. L. Quist will be autographing his book "The Aftermath of Greed: Get Ready For The Coming Inflationary Boom," and he and Tom Miner (Miner Kennedy Chmura Associates, Inc.--sponsors of his radio show "The Myth Buster Show" Phoenix KFNN 1510AM) will be answering questions, and, you can enter a drawing to win one of two prizes: 1) a 1 hour free financial consultation with H. L. Quist, or 2) a free home appraisal by Tom Minor.
Where: The Phoenix Convention Center (South Ballroom) Northeast corner of Jefferson and 3rd Street.
When: Booth — 8: a.m. to 2:45 p.m.
When: Seminar — H. L. Quist (Room 165) 3 p.m.
And don't forget to catch "The Myth Buster Show" on your radio every Monday, 1-2 p.m. Phoenix KFNN 1510 AM, live or listen to streaming at www.kfnn.com.
The archive for the current show will be available for 1 week beginning every Monday at 2:30 p.m. (until the following week's show) Phoenix time at: show archive link.
See you at the Financial Fest! — H. L. Quist
H. L. Quist will be autographing his book "The Aftermath of Greed: Get Ready For The Coming Inflationary Boom," and he and Tom Miner (Miner Kennedy Chmura Associates, Inc.--sponsors of his radio show "The Myth Buster Show" Phoenix KFNN 1510AM) will be answering questions, and, you can enter a drawing to win one of two prizes: 1) a 1 hour free financial consultation with H. L. Quist, or 2) a free home appraisal by Tom Minor.
Where: The Phoenix Convention Center (South Ballroom) Northeast corner of Jefferson and 3rd Street.
When: Booth — 8: a.m. to 2:45 p.m.
When: Seminar — H. L. Quist (Room 165) 3 p.m.
And don't forget to catch "The Myth Buster Show" on your radio every Monday, 1-2 p.m. Phoenix KFNN 1510 AM, live or listen to streaming at www.kfnn.com.
The archive for the current show will be available for 1 week beginning every Monday at 2:30 p.m. (until the following week's show) Phoenix time at: show archive link.
See you at the Financial Fest! — H. L. Quist
Thursday, October 23, 2008
America's Parallel Universe — Back to The Future
As America faces a critical and defining moment in its 232 year history, history itself may offer us a rare glimpse into the future.
Those who are over the age of fifty will find themselves in a sort of parallel universe. It's August 9, 1974, and Richard M. Nixon has just resigned in disgrace from the office of the Presidency of the United States. The stock market shakes but does not crash. Less than two months later, however, OPEC (Organization of Petroleum Exporting Countries) announces that they will terminate all oil exports to the US. The Dow Jones Industrial Average (DJIA) begins a sharp 45% decline from 1051 to 577. The economy sinks into a severe recession as gasoline increases from $.30/gal to $1.25/gal.
Fast forward into our parallel universe. It is exactly 34 years later. Another Republican, George W. Bush, is a lame duck president, discredited and seemingly unable to deal effectively with a similar potentially calamitous collapse of the country's financial system. The DJIA has declined over 40% and the Country is on the verge of a severe recession or worse.
Back to the future. Richard Nixon has been succeeded by Gerald Ford, an honorable and under- rated President whose media-induced image is one of a clumsy ex-football player who played too many games without a helmet and is portrayed as an ideological clone of the ex-president.
Out of the deep south emerges a two-year term, unknown but charismatic governor from Georgia who charms the nation with his drawl, easy manner and forthrightness. He promises change, to cleanse the government of corruption and get the economy going again. Jimmy Carter decisively wins the presidency in 1976.
Carter appoints a long-time friend, G. William Miller, as Chairman of the Federal Reserve Board with a strategy to grow the stagnant economy. The stock market soon returns to its 1974 high and consumer sentiment rises as pent-up demand and easy money boosts the economy. The President glows with an aura of success despite the ominous signs of inflation brewing.
By 1978 the Consumer Price Index (CPI) reaches 13%, the highest inflation since the civil War. Despite long term mortgage interest rates rising dramatically from 7% when Carter took office to 16% by 1980, real property values in some areas of the country double in four years. As Paul Volker assumes the role of the new Fed Chairman, the prime rate reaches 21.5% and gold, the ultimate inflation barometer, increases 700% to $850/oz. On November 4, 1979, the Iranian Theocracy over throws the Shah and Jimmy Carter's world unravels in the oily sands of the Persian Gulf.
January 20, 2009, Barrack Obama, begins his first term as the nation's 44th President determined to do whatever needs to be done to cure the economic ills of America's middle class. Congress has already made fundamental changes as it always does through legislation (Housing & Economic Recovery Act of 2008 and Troubled Asset Relief Protection Act) which will infuse (potential) trillions of newly created fiat dollars into America's financial system. The young, charismatic President, like his parallel predecessor, Jimmy Carter, successfully alters the mood of the country and euphoria breaks out as the DJIA reaches and then exceeds its previous historic high.
Suddenly, however, after a couple years of a seemingly stable growth economy, the evil dragon known as inflation emerges from its lair and begins its relentless and accelerated destruction of the US dollar. When the understated and fraudulent CPI increases at an annualized rate of 25% inflation morphs into HYPERINFLATION and an ultimate "Crack-Up Boom" will mark the second calamitous economic event in American history.
This parable of a parallel universe offers us an opportunity as well as an omen. During the first couple years of this new administration, outsized gains could be realized in stocks, real estate and commodities. The time will come however, when it may be prudent to divest yourself from all equity investments. God willing, I'll be able to alert you how to deal with hyperinflation. In the interim, now is the time to read, "The Aftermath of Greed: Get Ready for the Coming Inflationary Boom." Your perspective of the future begins in the past.
-- H. L. Quist
Those who are over the age of fifty will find themselves in a sort of parallel universe. It's August 9, 1974, and Richard M. Nixon has just resigned in disgrace from the office of the Presidency of the United States. The stock market shakes but does not crash. Less than two months later, however, OPEC (Organization of Petroleum Exporting Countries) announces that they will terminate all oil exports to the US. The Dow Jones Industrial Average (DJIA) begins a sharp 45% decline from 1051 to 577. The economy sinks into a severe recession as gasoline increases from $.30/gal to $1.25/gal.
Fast forward into our parallel universe. It is exactly 34 years later. Another Republican, George W. Bush, is a lame duck president, discredited and seemingly unable to deal effectively with a similar potentially calamitous collapse of the country's financial system. The DJIA has declined over 40% and the Country is on the verge of a severe recession or worse.
Back to the future. Richard Nixon has been succeeded by Gerald Ford, an honorable and under- rated President whose media-induced image is one of a clumsy ex-football player who played too many games without a helmet and is portrayed as an ideological clone of the ex-president.
Out of the deep south emerges a two-year term, unknown but charismatic governor from Georgia who charms the nation with his drawl, easy manner and forthrightness. He promises change, to cleanse the government of corruption and get the economy going again. Jimmy Carter decisively wins the presidency in 1976.
Carter appoints a long-time friend, G. William Miller, as Chairman of the Federal Reserve Board with a strategy to grow the stagnant economy. The stock market soon returns to its 1974 high and consumer sentiment rises as pent-up demand and easy money boosts the economy. The President glows with an aura of success despite the ominous signs of inflation brewing.
By 1978 the Consumer Price Index (CPI) reaches 13%, the highest inflation since the civil War. Despite long term mortgage interest rates rising dramatically from 7% when Carter took office to 16% by 1980, real property values in some areas of the country double in four years. As Paul Volker assumes the role of the new Fed Chairman, the prime rate reaches 21.5% and gold, the ultimate inflation barometer, increases 700% to $850/oz. On November 4, 1979, the Iranian Theocracy over throws the Shah and Jimmy Carter's world unravels in the oily sands of the Persian Gulf.
January 20, 2009, Barrack Obama, begins his first term as the nation's 44th President determined to do whatever needs to be done to cure the economic ills of America's middle class. Congress has already made fundamental changes as it always does through legislation (Housing & Economic Recovery Act of 2008 and Troubled Asset Relief Protection Act) which will infuse (potential) trillions of newly created fiat dollars into America's financial system. The young, charismatic President, like his parallel predecessor, Jimmy Carter, successfully alters the mood of the country and euphoria breaks out as the DJIA reaches and then exceeds its previous historic high.
Suddenly, however, after a couple years of a seemingly stable growth economy, the evil dragon known as inflation emerges from its lair and begins its relentless and accelerated destruction of the US dollar. When the understated and fraudulent CPI increases at an annualized rate of 25% inflation morphs into HYPERINFLATION and an ultimate "Crack-Up Boom" will mark the second calamitous economic event in American history.
This parable of a parallel universe offers us an opportunity as well as an omen. During the first couple years of this new administration, outsized gains could be realized in stocks, real estate and commodities. The time will come however, when it may be prudent to divest yourself from all equity investments. God willing, I'll be able to alert you how to deal with hyperinflation. In the interim, now is the time to read, "The Aftermath of Greed: Get Ready for the Coming Inflationary Boom." Your perspective of the future begins in the past.
-- H. L. Quist
Monday, October 20, 2008
The Myth Buster Radio Show
Hello World,
My radio show today is now in its third week, and I invite you to listen in online or locally (Phoenix Metro Area), and call in with your comments, thoughts, concerns and questions. 602-324-KFNN (5366)
1-2 p.m. Phoenix local time on KFNN 1510 AM, or www.kfnn.com. For information on the show at the radio site click here.
To listen live click here
I welcome your comments and suggestions,
-- H. L. Quist
Saturday, September 27, 2008
The Mother of All Bailouts
It's unfathomable to most Americans to comprehend the cause and effect of this nation's greatest financial crisis, since the Great Depression. The amount of dollars that it could take to head off a potential collapse of our financial system is unknowable. It may require a trillion or even two. One thing is certain, however; we are all witnessing the beginning of the end of a global, over leveraged, fiat (paper) money system and the possible demise of the US dollar.
I finished writing GREED at the end of the year 2007. I new at that time, as prominent a place as the "subprime mess" was occupied in the media, that it was the "highly leveraged derivative scheme (which I improperly termed the ‘daisy chain') that was the major threat to the world's financial system. (It was Warren Buffett who called derivatives, weapons of financial mass destruction.) Spot on. It is the collapse of this inverted pyramid that has brought the global financial markets to its knees.
Readers of my book will recall (page 93) an episode that occurred exactly a decade ago which was the poster child of things to come. Robert Merton and Myron Scholes won the Nobel Prize in economic sciences for a "Black Fox" system of using derivatives later utilized at their company Long Term Capital Management (LTCM) that would produce outsized gains while at the same time, minimize risk. In September 1998 (when Russia defaulted on its sovereign debt) the fund lost billions in a matter of days and created a Wall Street panic. A crisis was averted when a government-initiated Wall Street funded bailout saved the day. The concept of moral hazzard (bail out by Uncle Sam) worked so well on a small scale, Wall Street took it to an unknowable level ($300-$400 Trillion dollars) in the next decade. So Wall Street greed conveniently forgets its sins of the past. Is that the story? No. Here's what you don't know.
After the LTCM fiasco of 1998, there was (as always) a mission by Congress to investigate and regulate the derivative market. The strongest advocate and defender of the continued use of these super-sophisticated contracts (which means few knew what they were) was none other than Alan Greenspan (the "Emperor who had no clothes"). To assure that the inverted pyramid scheme would continue unregulated, Senator Phil Gramm (R-Texas), on December 15, 2000 just hours prior to Congress adjourning for the Christmas break, slipped an amendment into the appropriations bill. This cleverly-timed amendment forbade federal agencies to regulate financial derivatives that would open the door for the creation of the subprime mortgage-backed securities and other super leveraged paper contracts. And, that's not the end of this sordid story.
Senator Gramm's other contribution to the financial crisis was the "Enron Loophole" which prevented federal oversight of Enron's electronic energy trading which of course resulted in devastating losses to the employees and shareholders of that company. According to Ms. Froma Harrop of The Providence Journal, Enron's CEO Ken Lay chaired Gramm's 1992 re-election campaign and his wife Wendy Gramm, severed on Enron's Board earning as much as $1.8 million.
What lessons are to be learned?
Be circumspect of all legislation passed just prior to Congressional recess. Remember, the Federal Reserve Act of 1913 was passed at the same opportune moment when barely a quorum was present which transferred control of America's banking system to a private cabal. Today's crisis can be traced back to that fateful day, almost 100 years ago.
Secondly, this entire crisis and the necessity for The Mother Of All Bailouts is a by-product of a dereliction of duty by our nation's leadership and the ethical impairment of Wall Street. Our political and financial leaders are all member of the "good ole' boys club" whose credo is "do onto ourselves before we do onto others." I never thought I would live long enough to declare that our government is corrupt at its core! The system is broke and broken.
The central theme of GREED is that we will survive this crisis and there will be an inflationary boom, possibly hyper-inflationary. This unknowable amount of money infused into our financial system virtually guarantees that obscene inflation lies dead ahead. Re-read pages 3 to 5 of GREED that describes the inflationary boom from 1976 to 1980. Enormous profits were made during this period but when the boom ended in 1980 (16% long term mortgage rates and 21.5% prime rate) rapid asset deflation ensued.
We are all (except the CEO's with golden parachutes) experiencing the aftermath of GREED. Sweeping powers will be granted to those who led us to this abyss, markets will no longer be free and most Americans will be left to their own devices. My fervent hope is that I can bring some light into this darkness.
I finished writing GREED at the end of the year 2007. I new at that time, as prominent a place as the "subprime mess" was occupied in the media, that it was the "highly leveraged derivative scheme (which I improperly termed the ‘daisy chain') that was the major threat to the world's financial system. (It was Warren Buffett who called derivatives, weapons of financial mass destruction.) Spot on. It is the collapse of this inverted pyramid that has brought the global financial markets to its knees.
Readers of my book will recall (page 93) an episode that occurred exactly a decade ago which was the poster child of things to come. Robert Merton and Myron Scholes won the Nobel Prize in economic sciences for a "Black Fox" system of using derivatives later utilized at their company Long Term Capital Management (LTCM) that would produce outsized gains while at the same time, minimize risk. In September 1998 (when Russia defaulted on its sovereign debt) the fund lost billions in a matter of days and created a Wall Street panic. A crisis was averted when a government-initiated Wall Street funded bailout saved the day. The concept of moral hazzard (bail out by Uncle Sam) worked so well on a small scale, Wall Street took it to an unknowable level ($300-$400 Trillion dollars) in the next decade. So Wall Street greed conveniently forgets its sins of the past. Is that the story? No. Here's what you don't know.
After the LTCM fiasco of 1998, there was (as always) a mission by Congress to investigate and regulate the derivative market. The strongest advocate and defender of the continued use of these super-sophisticated contracts (which means few knew what they were) was none other than Alan Greenspan (the "Emperor who had no clothes"). To assure that the inverted pyramid scheme would continue unregulated, Senator Phil Gramm (R-Texas), on December 15, 2000 just hours prior to Congress adjourning for the Christmas break, slipped an amendment into the appropriations bill. This cleverly-timed amendment forbade federal agencies to regulate financial derivatives that would open the door for the creation of the subprime mortgage-backed securities and other super leveraged paper contracts. And, that's not the end of this sordid story.
Senator Gramm's other contribution to the financial crisis was the "Enron Loophole" which prevented federal oversight of Enron's electronic energy trading which of course resulted in devastating losses to the employees and shareholders of that company. According to Ms. Froma Harrop of The Providence Journal, Enron's CEO Ken Lay chaired Gramm's 1992 re-election campaign and his wife Wendy Gramm, severed on Enron's Board earning as much as $1.8 million.
What lessons are to be learned?
Be circumspect of all legislation passed just prior to Congressional recess. Remember, the Federal Reserve Act of 1913 was passed at the same opportune moment when barely a quorum was present which transferred control of America's banking system to a private cabal. Today's crisis can be traced back to that fateful day, almost 100 years ago.
Secondly, this entire crisis and the necessity for The Mother Of All Bailouts is a by-product of a dereliction of duty by our nation's leadership and the ethical impairment of Wall Street. Our political and financial leaders are all member of the "good ole' boys club" whose credo is "do onto ourselves before we do onto others." I never thought I would live long enough to declare that our government is corrupt at its core! The system is broke and broken.
The central theme of GREED is that we will survive this crisis and there will be an inflationary boom, possibly hyper-inflationary. This unknowable amount of money infused into our financial system virtually guarantees that obscene inflation lies dead ahead. Re-read pages 3 to 5 of GREED that describes the inflationary boom from 1976 to 1980. Enormous profits were made during this period but when the boom ended in 1980 (16% long term mortgage rates and 21.5% prime rate) rapid asset deflation ensued.
We are all (except the CEO's with golden parachutes) experiencing the aftermath of GREED. Sweeping powers will be granted to those who led us to this abyss, markets will no longer be free and most Americans will be left to their own devices. My fervent hope is that I can bring some light into this darkness.
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