Cliff Küle's Notes

Wednesday, July 8, 2009

Big Banks Don't Want California's IOUs... a group of the biggest US banks said they would stop accepting California's IOUs on Friday, adding pressure for California to close its $26.3 billion annual budget gap... http://online.wsj.com/article/SB124692354575702881.html

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Goals:

- To bring together the wise advice of our Most Admired Advisers (MAA).

- To gather "the best on the web".Cliff Küle seeks to be a "filter" of quality from the vast quantity of presentations on subjects related to money.

- To present an unusual, but important view to understand economics & investment markets: DEFINE MONEY. Understand how it is issued, controlled & its designing structure before trying to understand economics & markets. Today's money is different than designed & defined in the U.S. Constitution. The power to issue & control today's money is Private, not Public; Controlled not Free.

Watch the 'National Debt Clock' spin higher & think of the loss of freedom; lost to those who control the money. Control exerts undue influence over how & where that money is spent, who gets the money before taxpayers get the bill.

Think of the irony that America quietly altered its money & returned to the British principles; principles the American Revolution fought against. Think of the irony that babies are born in debt; in a nation founded on the principle: 'No Taxation Without Representation'.

We hope our readers will understand Thomas Jefferson's warning: that giving control of our money to banks would be a greater threat to America's liberty than any foreign army .. & understand how today's financial problems are as Jefferson foretold & forewarned.

In Cliff Küle's opinion, the heart to economics is: 'How have you defined your Money? It is 'lifeblood' to economics. Anyone that has control of the money has power OVER the people, making the citizens into 'subjects' of a ruling class; debtors in servitude. It violates freedom that America was pledged to uphold.

- To present views that challenge assumptions; even our own. Critical evaluation of opposing views is essential for intellectual honesty & to avoid joining the lamestream media.

Cliff Küle's Notes seeks to economize your reading & study time... we read volumes & choose the most interesting & insightful to present. Cliff Küle summarizes texts so that your precious time is most productive.

Please share the most interesting & insightful presentations you have found by emailing them to cliff.kule@cliffkule.com.

'Hmm.. I Know you think you understand what you thought I said, but I'm not sure that what you heard is what I meant.'

Disclosure & Disclaimer: Andrew Haibeck is a founding partner of Cliff Küle’s Notes. He is a registered Investment Adviser with Friedberg Mercantile Group (FMG). FMG has no connection to Cliff Küle’s Notes and nothing posted on Cliff Küle’s Notes should be attributed to FMG or its principals. Cliff Küle’s Notes is intended to address broad issues. Notice the Title:“REFLECTIONS ON OUR WORLD AND ITS MONEY” …NEVER telling readers what to invest in; ALWAYS presenting issues for the reader to think about. Notice the Goal: to present the most interesting and insightful from the multitude of available readings,... in order to save precious time for readers who are interested in understanding our world and its money. Information contained herein was obtained from sources which is believed to be reliable but is not guaranteed as to completeness, accuracy, reference, or timeliness by Cliff Küle. Any opinions expressed are those of sources that have been cited and are not necessarily Cliff Küle's interpretation of the world. Cliff Küle intends to provide information and is not intended to solicit purchases or sales of any of the securities which are mentioned. Because individual investment objectives vary, this site should not be construed as advice to meet the particular needs of any one individual reader. Any opinions expressed herein are statements of judgment as of the posted date and are subject to change without notice. Any action taken as a result of reading this is solely the responsibility of the reader. Cliff Küle strongly encourages all readers to consult with personal financial advisers, attorneys, and accountants that have no connection with Cliff Küle before making any investment decision. The maintainers of this newsletter or members of their families may have a position in the securities mentioned. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent web site, you fully and explicitly agree that neither Cliff Küle’s maintainers nor this newsletter will be held liable or responsible in any way for any decisions you make regarding any information discussed herein.

Cliff Küle's Notes

Wednesday, July 8, 2009

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Cliff Küle's Notes

Wednesday, July 8, 2009

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