My Financial Position

By Andy Shaw | January 26, 2010

Originally posted 19th November 2009

Foreword

Hi All,

Well to those who do not know, we have had some fun today as someone has hacked the site and possibly even my email, so I am left having to post a reply on a forum that may be under the control of a hacker. I and my business partners are even considering all changing our computers, email addresses and starting over as when you have a troubled individual like this affecting your life then you have to take extreme action.

What happened was I was discussing my reply to what has gone on with my business partners and how I should handle getting out in front of the story. I emailed them a draft of my suggested site post. Somewhere along the way a person of questionable morals had intercepted this email and then made no end of changes to it. They then sent that email out to all site members and posted it on Singing Pig. Following a discussion last night with my business partners we had decided to mail it out to everyone who has ever bought one of our products and post it on the site, which we will continue to do as soon as we are ready.

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Who Is Really Pulling The Strings?

By Andy Shaw | January 26, 2010

Originally posted 2nd November 2009

A few conspiracy theories here.

I read a few years ago that Tony Blair had been promised the job of president of Europe and that when that role came up that he would simply get it. I forget exactly what he did in order to get that role, but I know one of the things was stepping down at the right time and becoming a Catholic. Now at the time of writing I don’t know if Tony has yet put his hat in the ring but I think it is obvious that he will as the other hats are from people that hardly anyone has heard of. So if you can find someone to bet against Tony, hang on to them.

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Why The Banks Don’t Need To Lend Money

By Andy Shaw | January 26, 2010

Originally posted 19th October 12009

I have been watching the banks over here in Cyprus having Russian money literally poured into them and yet I have not seen a really significant change in the banks appetite for lending. So I decided to dig a little deeper to find out why the banks do not really need to lend this money out as we all assumed that they did.

So where do they put this cash reserve? Well, thanks to the banks being able to leverage this capital 10 to 1 they have a much more appealing proposition other than risking that money even at 70% loan to values.

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So The Recession Is Over, Is It?

By Andy Shaw | January 26, 2010

Originally posted 1st October 2009

Figures are going to be out soon that will allow the statisticians and the media to announce that the recession is over and that we will start to come out of this soon. Thanks to the way they measure recessions then they will be able to say that but the truth is that it is not over. In fact we are approaching a dangerous time now with all of the problems close on our heels that have yet to rear their ugly heads.

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Timing Will Be Everything In Avoiding Absolute Disaster

By Andy Shaw | January 26, 2010

Originally posted 18th September 2009

This article is just covering something that is likely to be a problem to us in a few years’ time. It is not on the horizon now, however, if you are aware of it then you will see some talk of it in the media and it will give you a good indication of what will happen when, without the mythical need for clairvoyance.

As we all know the Bank of England are currently engaged in the policy of Quantitative Easing (Printing money). This should equate to the value of money going down, but we won’t see that for a while. Anyway, when this phase has finished and inflation looks like it might start the government/central bank will have to switch from this policy to a tighter one and if they do not time it well then this will cause a lot of problems.

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The Spanish Banks Are Liars And The Truth Will End Up Hurting You

By Andy Shaw | January 26, 2010

Originally posted 11th September 2009

Hi,

Quick update:

I’ve been off for a while now as I have been travelling to the UK and am in the process of the final few stages of some new businesses starting. So time has not been my friend for the last few weeks and probably won’t be much for the next few either. The trouble is when you want a big result you have to knuckle down and make it happen.

Anyway, moving on – There has been a huge amount of stuff coming out in the last month, most of it dis-information where the experts and the media alike have assumed one thing when in reality the truth will be very different.

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What Will The Pain Look Like When It Comes?

By Andy Shaw | January 26, 2010

Originally posted 31st July 2009

I spoke about the pain we will be having in the UK when the new government comes in, that will indeed be needed if we are to turn around the debt we now have in the UK. Then I read an article about what Ireland is having to endure already and thought you might want to see what I mean. In Ireland they have already passed two emergency budgets to stop the deficit soaring and these have not been enough. A report last week said, “Dublin must cut deeper, or risk a disastrous debt compound trap.”

So they estimate a further 17,000 state jobs must go (equal to 1.25m in the US), though unemployment is already at 12% and heading for 16% next year – and as yet I have not seen one unemployment projection that undershot!

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“Too Big To Save”

By Andy Shaw | January 26, 2010

Originally posted 27th July 2009

We’ve all heard the term “too big to fail”, but we are going to start sometime very soon hearing about the European banks with the very real problem that they are “too big to save”. In the US they had banks that were too big to fail and so they stepped in to save them. The difference was that they could because of their debt to GBP ratio.

Well I have kept saying that the problem in Europe is worse than in the States and today I’ll explain why. In the UK the assets of the banks are about 5:1 x the size of our GDP. When you compare that to the US their ratio is less than 2:1.

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Looming Worldwide Protectionism Is A Problem That Will Affect You

By Andy Shaw | January 26, 2010

Originally posted 24th July 2009

I’m going to cover something on protectionism, something on the coming banking crisis and something relating to an audio book I am listening to, but first something on how wealthy people losing money is really bad for us.

Why We Should Care Greatly That The Wealthy Have Lost A Fortune

I was brought up in the UK where it seems the undertone culture is to despise the wealthy. Yet I always knew it was from the wealthy that the economy was created. It is from their striving to create more that the economy is built. If you doubt this and think government can do the jobs as well as or better than entrepreneurs then just look at what happened between WW2 and the Berlin wall coming down in the USSR.

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Predicting The Future Is Easy: Look At The Past

By Andy Shaw | January 26, 2010

Originally posted 22nd July 2009

And what can be even more useful is to watch someone else’s present and recent past and study it to see if it could be your future…

Around 1.5 years ago I wrote an article that said we would not follow Japan’s line. Then around a year ago I wrote that we would not follow Japan’s line if we took the appropriate action. More recently I wrote that the action hadn’t been taken and that as each day passes we are moving more in tune with Japan.

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