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BIG BAILOUT BLUNDER: Why Obama’s “Stimulus” Attempt Has Failed
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Sadly, getting after the roots of America’s current economic affliction can be crystallized, in part, by a quote from the movie Dumb and Dumber—in particular, the moment when Harry confesses to Lloyd that he’s “sick and tired of running from creditors.” With the feds under the Obama administration once again failing in their attempt to solve all our problems simply by printing more money, it’s apparent that the time has come for the United States to likewise face the music. Like silly men in their flying machines riding a brief gust of wind for an instant before the flaws of their designs become glaringly apparent, the Obama administration has seen its half-baked plan to “stimulate” the economy with massive spending bills and bailouts quickly go from a gasp of success...
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PANEL OF EXPERT FINANCIAL GUESTS
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MADOFF PLEADS GUILTY: But have we learned anything?
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What can America learn from the Bernard Madoff great swindle? Mr. Madoff is pleading guilty to foisting the Ponsi scheme of historic magnitude on many people went from adoring him to abhorring him when the game ended—like when playing musical chairs—when the music stops and you are left with no chair, you’re out of the game. The elaborate scam based on greed began more than 20 years ago and sucked in billions of dollars of other people’s money. (See NY Times article below.) Business ethicist David Armstrong is conducting Talk Show interviews, encouraging Americans to embrace the old-fashioned ethic on honesty and hard work and how good things come back to those who practice these principles—maybe not overnight it will come. David challenges your audience with the...
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DAVID ARMSTRONG
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AIG GETS ANOTHER $30 BILLION: The Immorality of Rewarding Corporate Greed
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The Obama administration agreed on March 2, 2009 to give another $30 billion in taxpayer money to further bail out AIG (American International Group), just one of the many corporations who are getting charity from U.S. citizens. This time the excuse was that AIG had to be bailed out because they sustained a $61.7 billion loss, the biggest quarterly loss of a corporation in U.S. history. (See the New York Times article below: “A.I.G. Reports Loss of $61.7 Billion as U.S. Gives More Aid.”) But WHY? Who says corporations EVER have to be bailed out? Is this supposed to be ‘honest leadership’ or ‘open government’ or the positive ‘change’ we were promised??? Everytime another banker or corporation is bailed out by the government, it is THE MILLIONS OF LITTLE PEOPLE who have...
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DAVID ARMSTRONG
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CALLS FOR TEA PARTIES ON THE RISE: CNBC News Reporter Seems To Have Struck A Nerve With Many Americans Who Feel Wronged
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Recently, a financial news reporter struck a nerve during a television rant about how the government plans to deal with the mortgage crisis. Rick Santelli’s call for a tea party in Lake Michigan appears to have resonated with many. President and CEO of Armstrong International, David Armstrong sees Americans as becoming increasingly disenchanted with how they are being treated. “Whether you agree with the notion of a tea party or not,” says Armstrong, “the reality is that there are a lot of people out there who feel they are not being treated fairly.” Armstrong contends that many leaders in both business and government have forgotten a very basic, tried, and true rule. Namely, ‘do unto others as you would have others do unto you.’ “When you get right down to it, isn’t...
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DAVID ARMSTRONG
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BILLION DOLLAR SCANDALS: Allegations Of Red Flags Not Heeded As Allen Stanford Case Rivals That Of Madoff
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The Latest name to be added to the list is R. Allen Stanford. He is alleged to be involved in fraud with his Investors bearing the brunt of the it. President and CEO of Armstrong International, David Armstrong sees the absence and/or erosion of an ethical culture - when deals were sealed with a handshake instead of with a blind eye. “This didn’t just happen overnight,” says Armstrong. “Accountability is something that needs to be nurtured and encouraged.” Armstrong believes that to lead effectively and ethically, those leaders need to understand the experiences of those they’re leading. “Otherwise, you develop a skewed and unhealthy view of reality,” he says, “and people are ultimately who feel the repurcusions.” In the cases of both Michael Madoff and Allen Stanford,...
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DAVID ARMSTRONG
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INFLATION REARING ITS UGLY HEAD AGAIN
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Inflation is rearing its ugly head again. In January wholesale prices leaped a full one percent (12% annualized), according to the US Labor Dept. But according to Swiss America CEO Craig R. Smith the CPI/PPI data is “corrupt beyond belief”, adding that commodes’ inflation alone is up a whopping 50% since 2006! During your interview with Craig Smith he shares with your audience that even if we only use the 4.1% CPI numbers from the government, it puts the current rate of inflation at the highest point in 17 years! Craig shares with your audience tips on how to beat inflation before it beats them. Here’s some further information from Craig’s company, Swiss America: THE INFLATION SOLUTION CPI/PPI data "corrupt beyond belief", commodities up 50% since 2006! Swiss America...
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CRAIG SMITH
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FED RATE CUT ONLY DELAYS THE INEVITABLE
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First the Fed cut rates by three quarters of a percent. Now they cut them another half percentage. But even after the second back to back cut, the stock markets ended up virtually unchanged. Swiss America CEO Craig R. Smith is conducting Talk Show interviews saying that the Fed cuts are a temporary fix that will only delay the inevitable of the markets dropping. Says Craig, “Instead of messing with the markets, just leave them alone!” The following is an article by Craig Smith on this topic. LET FREE MARKETS STAY FREE AND THEY WILL FIX THEMSELVES By Craig R. Smith, CEO of Swiss America Corporation Between government stimulus proposals and Federal Reserve rate cuts of ¾ of a percent, followed by another 1/2% drop, the market is trying to get everyone's attention.....STOP!...
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CRAIG SMITH
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GLOBAL EXODU$ OF THE LATE GREAT U$D’$
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Last week it was China calling for a mega-shift of its $1.43 trillion greenbacks into "stronger currencies." Now the United Arab Emirates ($3.5T reserves) are warning they too must defend themselves against a falling dollar and "imported U.S. inflation." OH, DOLLAR, HOW LOW CAN YOU GO? Conducting Talk Show interviews on the declining (free falling) U.S. Dollar is Swiss America CEO Craig Smith, why says many of the world's central banks are starting to look to the euro to fill their currency reserves instead of the dollar. "A poll carried out by Central Banking Publications found 39 nations of the 65 surveyed raising their euro holdings, with 29 cutting back on the US dollar," reports the BBC. Smith says The Gulf region currently has 3.5 trillion dollars on deposit, more...
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CRAIG SMITH
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WORST RECESSION SINCE 1930’S?
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When picking a major talk show topic for today, we hesitated to send out yet another “woe is me” story on the economy. What’s the point? The dollar is now. Stocks are soft. Oil is high. Inflation abounds, even though you’d never know it when you hear rigged federal reports about such things. So, why another “gloom and doom” guest pitch? Because we may be facing the worst recession since the 1930s. And if there is a high likelihood of it becoming the worst economy in 75 years, don’t you think your audience needs to prepare for that possibility? In today’s New York Sun (see article below), its words are gloomy. But what happens if we move from words to living reality? Most people were not alive during the Great Depression but if another one is staring us in the face don’t...
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CRAIG SMITH
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HYPERINFLATION: Is America on the Verge of a Weimar-like Currency Collapse?
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In the early 1920s in Germany, hyperinflation got so bad that you needed a wheel barrel full of money to buy a cup of coffee. Or, you could pull out a one BILLION Mark bill to see if you could buy a loaf of bread, but you’d better shop early in the day before the bill in your pocket dropped ten-fold again--by the end of the day! Swiss America CEO Craig R. Smith is conducting talk show interviews to alert Americans to the fact that the current decline of the US Dollar shows eerily similar warning signs to the old German Mark of the Weimar Republic. Think it’s impossible? Think again. This was Germany, not some Banana Republic, and it happened less than one century ago. But if there is one think we learn from history, it is that we don’t learn from history. During your...
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CRAIG SMITH
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THE INCREDIBLE SHRINKING DOLLAR: America on Sale to the World at 40% Discount
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Swiss America CEO Craig R. Smith is conducting talk show interviews to discuss the shrinking U.S. dollar, currently sits at record lows against the Euro and other currencies. “The days of buying three pair of white socks for a dollar is over,” says Craig Smith. “The U.S. dollar has now lost over 40% of its buying power and losing more daily.” Smith added, “And this is under a ‘strong dollar’ policy from the White House! Can you image what the next four years hold in store for the debt-burdened dollar?” Smith does admit that a lower dollar has some benefits, such as lowering the trade deficit and increasing U.S. manufacturing competitiveness abroad. “Investors are voting with their feet, moving in droves out of U.S. dollars and into foreign currencies and gold. And...
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CRAIG SMITH
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"GET A JOB! EVERYONE ELSE IS." 166,000 NEW JOBS ADDED IN OCTOBER
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Get a job! Everyone else is. According to the most recent Labor Department report, corporate America added a whopping 166,000 jobs in October, twice the numbers expected and the best gains in five months. With numbers like that it sounds like the President is running for reelection! With the unemployment rate holding steady at 4.7 for two months in a row, it continues a very healthy low unemployment rate, according to historical standards (See AP story below). So do these new impressive labor numbers mean that our economy is sizzling with low inflation and low unemployment? Not according to Swiss America CEO Craig R. Smith, who is conducting Talk Show interviews to point out that one reason that employers are able to keep adding jobs is because they are paying their...
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CRAIG SMITH
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DOW DIP OF OF OCT 1987 VS. DOW DROP OF 2007
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My, what a difference 20 years makes. In 1987 the Dow dipped 508 points, or 22.6 percent points for a whopping 23% drop in value, nearly one quarter of its value vaporizing in less than five hours of trading. On November 1, 2007 the Dow dropped 362 points for “token” 2.6% drop in market value. What’s the big difference? Simple: The 1987 Dow was only at 2247 so when it dropped 508 points down to 1739, it was catastrophic. To put matters in perspective, today it would take a whopping 3200 point freefall to equal 23%! What’s more, 3200 points today is more than the entire Dow was 20 years ago when it was at its “high” of 2247 before Black Monday. So, how is this possible? That’s a tenfold differential! Conducting Talk Show interviews on this topic is Swiss America...
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CRAIG SMITH
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DOW SURGES TO 14,164! True Landmark or Smoke and Mirrors?
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The Dow has reached an all time high, surpassing 14,164! That’s both TRUE and GOOD for investors, right? “No and NO!” says financial expert/author Craig R. Smith, who is conducting Talk Show interviews to put this new ‘high’ in perspective. During your interview, Swiss America CEO Craig Smith discusses the deceptive Dow (how it is not truly an indicator of the overall stock market), the weak dollar--how it is actually now weaker than the Canadian dollar for the first time in recent memory how it’s getting hammered by the Euro, etc.—and the perlexingly flat real estate market, record high oil prices ($75 a barrel and likely rising soon) and an increasingly unstable geopolitical landscape. Craig says American investors are facing a problematic economic cocktail consisting...
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CRAIG SMITH
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ALL STOCK MARKET GAINS FOR THE YEAR NOW LOST: Confidence Crisis/Terror Time Bomb
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On Wednesday, the U.S. credit markets were frozen in fear causing all stock market gains to be wiped out for the year. Meanwhile, counterterrorism sources announced a potential domestic terrorism attack before September 11, 2007! Author/CEO Craig R. Smith is conducting Talk Show interviews, reminding Americans that the solution to market fear and panic is rock-solid faith, diversified assets and an emergency preparedness plan. Why the credit meltdown on Wall Street? U.S. stocks fell despite positive economic news after Countrywide plunged 13% on a brokerage downgrade and rumors it was having trouble raising money and may go bankrupt, S&P 500 2007 gains were wiped out. http://biz.yahoo.com/rb/070815/markets_stocks.html?.v=16 Panic selling by hedge funds has emerged...
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CRAIG SMITH
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