Herb Kay's S.O.S. System
  May 20, 2010
  "I'm Herb Kay and the most important thing to know about me is that I'm not going to lie to you or pull your chain. Ever. In my S.O.S. Guides, I give you, well, guidance, in a straight-talking and step-by-step way. The website offers the "advice side" of my system. Here, in my blog, I'm going to dig a little deeper and get a little grittier. That's the opinion side of my system. Will I say something that might shock you? Maybe. Will I ruffle some feathers? Perhaps. Will you close the page with some food for thought? Absolutely."

The Herb Kay Way is the straight forward, never-mince-words way. Check out Herb's latest blog on your money, your career, your debt, the economy and the world we live in.
 
When Downsizing is a Powerful Tool
Can We Address the Important Issues?
Just a Sentence or Two.....
A Dose of Reality
Getting Involved and Taking a Stand
Study Up on Your Loans
Drop Back Ten and Punt!
Who Can you Depend On?
Some Sobering News About the Economy
Grab a Beer and Take the Slide Home......
Another Loophole, Another Lesson
What is Your Core Conversation?
Loyalty and Leadership
The Argument for Being a Grownup
The 'Business' of Complaints
Electricity in the Air......
Taking a Hard Look at the Figures
A Public Life
My "Advice" to You
Perspective vs. History
Worried Sick!
It's About the Kids!
Gooooooooaaaallll?
Where Will the Money Come From?
Immigration Arguments: Debunked!
Blame Policy, Not Banks
Happy Birthday America!
Crony Capitalism
G8/20 and What That Means For You!
Our Economy and the Free Market
Building a Bubble?
"Fixing" Our Problems
The $20 Billion SNAFU
A Screaming Deal!
Action Breeds Success!
It's Going to Take Some Effort!
Getting Our Lives Back
For Better or Worse......... I Prefer Better
The Pressure to be President.......
This Great Nation......
Financial Reform - Ha...what a joke!
Municipal Bonds are a thing of the Past!
Feeling Good!
Moving Forward
The Signs Are All Around Us
It's a Grim Diagnosis
Oh, the Pressure.....
The Big Fat Greek Fallout
It's Getting Ugly......
Perfection is a Myth
Be Different
Moving on While Moving Ahead
An Immigration Abomination
I've Got a Question.......
Logic vs. The Logistics of Inflation
The Free Market - Greed at its Very Best
Informed on Inflation
Don't Fix What Isn't Broken
Harnessing Energy - The Herb Kay Way
Staying Ahead of the Curve
What Trade Deficit?
Greek to Me
There's a Bridge in Brooklyn......
Problems That Don't Exist
Don't Invest in Mediocrity
The Fed's Mutually Exclusive Roles
Deadly Serious
Election Year Scapegoats
"Willfully Insane"
Balancing your Beliefs - How Our Political Convictions Influence the Debate Over the Economy
Let's Reward the Renters
Don't Plug the Hole.......Replace the Bucket!
Europe's Safety Net
The Collapse of the System
Apple Makes a Lemon
Pot, Capitalism & The Free Market
Who is Your Banker?
Real Estate? Now is NOT the Time!
Grading on a Curve
When the Inflation Stars Align
When Foolishness Goes International....
The Recovery?
The Competitive Advantage of Reaganomics
What Wednesday Brings.....
Stopping The Addiction
Signing On The Dotted Line
Be Optimistic - Not Foolish
The Real Story
Selling Your House (and your credit) Short!
The Entitlement State
It's Anyone's Guess
Ask, And You Just Might Receive
Crazy Like A Fox!
It's Only Tuesday!
Spending Some Time - Cutting Spending
There's No Such Thing As Easy Money!
What Exactly is Responsible Borrowing?
Just Bite The Bullet
With Change Comes Turmoil
Q & A......The Herb Kay Way!
Wanna Bet? Gamble on Inflation!
A Lesson on Education
Two Different Beasts: Why Price Does Not Equal Wealth
For this Party - Three's a Crowd
Good Luck With All of That!
Dear Mr. Bank President:
It's Not That Simple
Raising the Stakes
State of The Union: The Herb Kay Way!
Capital Gains - Your Pains!
Cooking the Books
What's in a Name?
Questionable Choices: Healthcare Reform
And the Person of the Year Is......
A History Lesson
Goverment's Stimulus Fairytale
Let's Hope I'm Wrong
Fake Money = Real Problems
Collectors Lie
35 Million Americans Can't Be Wrong
Simple Truths, Simple Lies
Lending and The Federal Reserve: Why Making Banks Rich Again Will be Bad for the Economy
Are You Health Care Aware?
Have Good Credit? With New Legislation in the Works, the Question is, Who Cares?
Healthcare and the President
Tips for Choosing a Bank and the Right Bank Account
 
Financial Reform - Ha...what a joke!
 

Fixing what isn't broken is a favorite pastime of our leaders in Washington and Wall Street,
and it seems to be the same kind of fun for those across the ocean in Europe.  The other day, German politicians as part of their "reform" of the financial system, instituted a partial ban on short selling.  Short selling is when an investor bets a stock will go down instead of up.  Why is
that bad you might ask?  It isn't, as there needs to be both buyers and sellers of stocks all
the time .  It is how a market works.  Now what gets politicians mad is that when there are more people betting against a stock it makes the price go down, and therefore reflect badly on their (the politicians') economic policy.  So the logic goes that why not just ban betting in a way that makes the leaders look bad?  Well, this will, in the end backfire, by distorting the price of stocks to look better than they are and thus cause a bubble followed by a crash.  What a bunch of morons politicians are, but they are dangerous morons because they are in charge.

Here in America, not to be outdone, the Congress is rushing to "reform" the financial system
even as they miss the damage that they themselves have wrought.  We live in interesting times
and when the history of this period is written it is going to seem unbelievable to future historians that we could have been so dense.  They will wonder how the leaders bamboozled the public into not noticing that the money wasn't real, which is the real problem brewing that is going to sink the entire economy as we know it.  While our collection of 500 Neros in Congress fiddle around with things like regulating markets they don't even understand and passing huge new spending for things like healthcare that they don't understand either, our Rome is burning in flames as our money, the very glue of society, is every day being rendered more and more worthless by the printing of trillions of dollars and Euros of nothing but paper.  Get this if you get
nothing else,  OUR ENTIRE ECONOMY IS NOW BASED WORLDWIDE ON PAPER "MONEY" WITH NOTHING AT ALL BEHIND IT.  THIS HAS NEVER HAPPENED BEFORE GLOBALLY IN HISTORY AND IT IS GOING TO LEAD TO THE MOST SERIOUS OF REPERCUSSIONS YOU CAN IMAGINE.  WHEN? SOON!!!

Okay, was that loud and clear enough?  Don't be fooled by news that is spun by a clueless
media lapping of the words of clueless leaders.  Save all you can, buy gold and silver, and
do that as fast and long as you can.  It is going to take very little for there to be another
huge crisis.  It falls to you to protect yourself!