BLACK MONEY MAGAZINE $$$

oil is over $120 a barreel told ya so !!!

noreply@blogger.com (MAXAMILLIONDOLLA) — Thu, 08 May 2008 13:36:00 +0000

I hate to say i told ya so but i told ya so ha ha ha ha. I predicted oil would hit $120 back in November 2007.

http://blackmoneymagazine.blogspot.com/2007_11_07_archive.html

Oil is currently at 122.70 so it's time to make my next prediction and that is drum roll please

$150 by the end of the year yes the prophet of profits has spoken. Brace yourself folks gas is at a nationwide average of $3.63 a gallon that will be over $4.00 by august good look people. I want to help yall but only financial literacy can help you guys. Ask questions and leave comments or I'll see you working in McDonald's renting a room from your aunts and uncles with no money for gas or food taking home big macs to feed the kids LOL but seriously it will get that bad sooner than you think people educate yourself.

REMEMBER THE GOLDEN RULE PEOPLE HE WHO HAS THE GOLD WILL RULE....

update

noreply@blogger.com (MAXAMILLIONDOLLA) — Mon, 28 Apr 2008 13:05:00 +0000

Oil is at 118.50 a barrel close to the $120 price i predicted at the end of 2007.
http://blackmoneymagazine.blogspot.com/2007_11_07_archive.html
It's real out there people inflation is on the rise their are food riots around the world. I went food shopping this weekend and it was like a battlefield trying to find a bargain, prices for everything is double and not even exotic items but basic necessities like milk, eggs, rice, bread etc. I don't care what these idiotic economists say we are in a state of recession and hyper inflation which is called stagflation [don't know what that is read my former blog on that].

REMEMBER THE GOLDEN RULE PEOPLE HE WHO HAS THE GOLD WILL RULE...

http://blackmoneymagazine.blogspot.com/2008_04_07_archive.html
http://blackmoneymagazine.blogspot.com/2007_09_20_archive.html

THE PROPHET OF PROFITS

noreply@blogger.com (MAXAMILLIONDOLLA) — Thu, 17 Apr 2008 13:34:00 +0000

HELLO I'M BACK!! what up everybody just bringing you some updates on my financial predictions. i predicted last year that oil would hit $120 a barrel this year we are at $115 a barrel already people. We have diminished refining capacity in America right now which will hit your pockets at the pump this spring and summer get ready. Mix that with this recession ,rising food costs and food riots across the world and I'll say we are in for a rough couple of years coming up. I told you people to get some financial literacy it's the only thing that can save you now. Take your savings and put it in silver and euros the dollar is falling fast and hard get out before it goes to zero LOL.

You see we Americans are complacent and think that the U.S is the sun and every other nation revolves around us, but the truth is this is a global economy right now and those days are over. In this global economy the American empire is shrinking in power and economic dominance. I'm almost certain people don't even know that ethanol is driving up corn prices which is driving up food prices. Corn is a very important crop it is used for cattle and pig feed. it is in almost every thing we eat look at the ingredients in your soda juice and food wrappers they all say corn fructose. The all time high wheat prices are causing bread prices to soar making a basic consumer staple like bread unaffordable. The people can't even afford their daily bread.
If you trade stocks like i do I'm here to tell you that this market will go down considerably before it goes back up some where around Dow 11,600
my top holdings are: skf, srs, gld, fxp these stocks will short the market and give you some gold exposure.
[to the economically challenged short the market is betting it will go down and when that happens these stocks go up and vice versa]

REMEMBER THE GOLDEN RULE PEOPLE HE WHO HAS THE GOLD WILL RULE...

P.S. Don't believe me on the food riots check it out for your self below.

FOOD RIOTS IN HAITI, YEMEN AND EGYPT:

FOOD PROBLEMS IN MEXICO[ tortilla riots prices lol]:
http://http//www.bloggingstocks.com/2007/02/02/the-story-you-didnt-read-mexicos-tortilla-riots/

http://http//www.usnews.com/articles/news/2008/03/07/the-growing-food-cost-crisis.html

HYPERINFLATION !!!!!!!

noreply@blogger.com (MAXAMILLIONDOLLA) — Mon, 07 Apr 2008 16:28:00 +0000

whats up people i'm back. I am usually longwinded on my blogs if youve read them, but i found someone who better sums up this topic of hyperinflation for me. enjoy and if you have any questions drop me an email or comment.
"AND REMEMEBER THE GOLDEN RULE HE WHO HAS THE GOLD WILL RULE"

Hyperinflation is making Gold Soar!
(And silver's going up even more!)
Silver Stock Report
by Jason Hommel, April 5, 2008

Life is unfair. We are all being tested, all the time, on things that "are not on the curriculum" that nobody may have taught us. How unfair! Often we are tested on things that we have no way of knowing! Scary, but true. But the sooner we realize those facts of life, the better off we will be!

The results of the tests in life are not merely whether you get an A, B or C in school. In life, the tests will have far more significant consequences, and may determine if you become wealthy enough to effectively help others, or go bankrupt and have to start all over again, or worse.
Today, everyone in the world who has any money or wealth is being tested on their own knowledge of the nature and value of paper money, and on how much paper money there might be; and on the nature and value of silver and gold as money, and on how much silver and gold there might be.
We are being tested on things that nobody teaches, and on things that are, frankly, impossible to know, although estimates exist, and I do try to share some of the professionally compiled estimates on those subjects.
Here's a bit of the curriculum on money:
Archive: http://rs6.net/tn.jsp?e=001FuwyyTgagfWzGMgICZ_dWjwvqiNHldgPAetF1taTP-ICIUQ3SWq_kymX8cwMck0qO6NQPoinJ9sgWisUJKrikyKqBHxFmXqazdbqB2NFIBbICKM1UpyauTmtNoPPj6S8UIvU0qA_TCQ=The Money Chart: The Fundamentals of Gold & Silver Feb 25, 2006 Speech given at the Silver Summit September 26, 2006 Why Silver Will Soar May 23, 2007

Today, I'd like to talk a little bit about the facts of hyperinflation. Everyone will be tested on this in this market, so pay attention, because these facts are not widely taught. If you understand this, you can get a serious advantage over other people.
Back in 2003, I wrote:Inflation & Deflation During Hyperinflation Nov 6, 2003 Back when I was selling individual essays, that was a best seller.

I identified a monumental sea change situation that changed in 2001. In 2001, an amazing thing happened. Hyperinflation started in the U.S., and has continued ever since, and gotten worse.
In 2001, the purchasing power of money in the banks (the gold value) peaked, and then started going down faster than the rate of increase of new dollars. Whereas before 2001, both the number and the value of dollars increased at the same time.

Money value peaked in 2001, with M3 being worth 28.2 billion ounces of gold. That's a fact that "paper money value" peaked in terms of the amount of gold it could theoretically buy.
But hey, you know what? Experts claim there are only about 5 billion ounces of gold ever mined in the history of humanity! This shows that there are probably a few too many fraudulent dollars out there.
Today, the value of M3 is still bloated and terribly over valued, and M3 is still increasing in number, while shrinking in value.
Nowandfutures shows that M3 is $14 trillion. What a vast increase over $7.6 trillion in 2001! Nearly double in 7 years!
http://www.nowandfutures.com/key_stats.html

The gold price today is $912/oz.
So, for April, 2008: M3 14,000 billion / gold price $912/oz. = 15.3 (billion oz. gold value)!
That's 15.3 billion oz. of gold, in theory, that all U.S. money in the banks can buy.
U.S. dollars (Fed notes) are very over valued still, and going down in value, still!
And hyperinflation continues, as inflation of the money supply is now 19%!
INFLATION IS 19.5%! (Inflation of the money supply!)
What's inflation? The U.S. is diluting the value of the dollar by making too many.
It's like adding an extra can of water to the juice.
It's like adding a bunch of cold water to the hot bath.
It's like trying to make Jello with too much water.
The inflation rate is the amount of extra dollars that they are adding each year, that are destroying the value of the dollar.
But since 2001, the value of the dollar is being destroyed FASTER than the inflation rate--that's the hyperinflation that started in 2001.
You are being tested on your knowledge of that, right now.
To pass the test, you need to own physical silver or physical gold.
If you fail the test, you are happy to own paper money, paper bonds, or paper silver and gold certificates.

The Consumer Price Index, (CPI) inflation rate is said to be 4%.http://rs6.net/tn.jsp?e=001FuwyyTgagfWH_--NQKaFv4LF_3K0cqA5zCKQ7BFKTsJJO3OdD6RKYp51YFexVpxv_XNmGvH4Ahk1sX126hAR6KvYS6rZCZ1MtNQiiiXDfe2bI4tB2sPQZw==
The CPI is under counting, as it uses hedonic adjustments, and excludes "unimportant" things like gold, silver, food, housing, and energy (what else is there?!), and the true inflation rate must be higher. Experts seem to suggest that the true consumer inflation rate is between 8-12%, but a housewife who pays attention to grocery prices might know more. This is another unknowable part we all get tested on.

Now, the difference between what bonds pay you (2-4%?), and what inflation takes from you (12-19-22%?), is the cost of owning bonds, and while I don't know exact numbers, as nobody can, what I do know, and I guarantee you, is that this is a negative number. What the number is, who knows. Let's say it's negative 15% or so. That's the price you pay, the money you lose each year, for owning bonds, now days, and this has been the penalty since about 2001.Don't pay attention to people who claim there is deflation, or worry about deflation. There is inflation, a lot of inflation, so much inflation that we have hyperinflation. The thing that is deflating is the value of money, because there is hyperinflation.
Why is there hyperinflation? Because there is "never enough money" to avoid bankruptcy of the major institutions, because they are printing money for the war in Iraq, and for too much government. The money printers are fearing deflation because other people might be taking money out of the banks (which is said to be deflationary) to hold it in the mattress, spend it overseas, or use it to buy silver and gold. But that's not deflation, it's the result of hyperinflation.
Hyperinflation makes people take their money out of the banks, and spend it as fast as possible.
The point is that there is no monetary incentive for people to hold cash or bonds right now; as they are losing money because of the high money creation rate, and the gold rate increases.
Another main point that follows is that gold will continue to go up as long as current conditions exist, as they have, since 2001. Since 2001, gold has been going up by about 22% per year. That's from $250 to a high of $1000, over 7 years.
Now then. Where are the economic incentives today when owning gold pays 22% per year, and owning bonds costs 15% per year?
The incentive is to sell bonds and buy gold. The world economic conditions are paying people to move into gold.

There is no reason to think that anything will change, until it does.
The required change is for bonds to pay more than the annual gold value increases.
Until bonds pay more than owning gold, then gold will continue to rise.
How far will this process be likely to go? How long? Until when?
Until bonds pay more than owning gold, then gold will continue to rise.That's not a misprint; it's a repeat of the main point.Here's another clue:
The size of the U.S. Bond market might be about $25 trillion, and the world bond market might be $50 trillion.The size of the world gold market might be about $5 trillion.
Right now, an extremely tiny portion of the $50 trillion market is trying to buy into the $5 trillion market.

I think about $0.115 trillion is going into gold annually right about now. (4000 tonnes x $900/oz.)That's about 1/5th of 1% of the money is going into gold. And yet 91% of the people are now concerned about inflation. Selling gold to people should be the easiest job in the world right now, the easiest pitch ever. Everyone should want it, yet virtually nobody is buying it, the demand has barely started, and the demand for silver is like 100 times less.
This might be another clue as to how long the gold market will go, but is no guarantee:
Jan. 1980: M3 1,822 billion / gold price $850/oz. = 2.1 (billion oz. gold value)
Gold will go up at least until the gold value of paper money is 2 billion gold ounces, or significantly less, as that was the condition in 1980, and it should probably continue further than that. After all, the U.S. government does not have 2 billion ounces of gold; it only has 0.261 billion ounces of gold.

Be prepared for gold prices to continue to rise about 22% per year or more, at least until bond interest payments rise to over 22% per year, or whatever the gold price increases might be at the time. Now, I want to address people who will inevitably ask me, "What will happen if there is deflation". I will respond, "There isn't any deflation". They will respond, "But so-and-so thinks there is deflation." I will respond, "Well, so-and-so is wrong." They will respond, "But what if things change, and we actually have deflation?" OK, there's a real question. I will respond, first of all, there is no deflation, the money supply is soaring. Before the money supply can actually shrink, it has to slow down growing, and we'd see that first. Then, the money supply would have to be stable. Then, the money supply would have to actually stop. Bankruptcies would vastly increase. Bankruptices are one of the only things that can actually cause deflation, as that destroys credit and money in the banks when banks go belly up. When banks start going bankrupt, how confident will people be to let their money sit in bonds in the banks? Not very. They will start to buy gold even faster than they do today, since gold is not anyone's liability. If that happens, gold will go up until bonds start paying more than gold is going up each year, AND until banks stop going bankrupt. So, if there is deflation, gold will go up more, and for longer, until people trust banks again, which could be a very long time.This is why the Fed is doomed. Printing more will not work. Printing less will not work. Printing nothing will not work. All the inflation of all the years from 1913 until now is beginning to crash down on our heads, and it will keep crashing until it stops. And when will that be? Until bonds start paying more each year than gold is going up each year.

As always, silver trumps gold, in my opinion, since so much silver has been consumed in jewelry and flatware and industry. If the silver to gold ratio returns to the historic 15:1, we will make 3 times as much money in silver, than in gold. But due to the rarity of silver, because it has been used up, because it is hard to find, and because only about 8 times as much silver is mined than gold each year, silver will probably exceed the value of the historic 15:1.
To get an A+ on one of the tests of life today is real simple. You don't need to know any of what I just said, but it might help. All you need to do is buy silver.
A Brief Guide to Buying Silver:What kind of silver, and where to get it.http://rs6.net/tn.jsp?e=001FuwyyTgagfWI3ZWk1AparYRn5T5g8P_0WKJjfWHbcC8_wC5rTlT6tiaUdKaTwyreJEq2kj7DKCzUcFct3XNC1Oqa_gDRPvEPKr-mbJlGi95vbKoGIv4mEM6QOf_6x59USal3cFBuf7g=
Sincerely,
Jason Hommel

HOW TO BUY SILVER

noreply@blogger.com (MAXAMILLIONDOLLA) — Thu, 27 Mar 2008 01:46:00 +0000

Find your local Coin Shops & Bullion Dealers

A Brief Guide to Buying Silver:What kind of silver, and where to get it.
by Jason Hommel, SilverStockReport.com

The silver story is simple: Since the 1870's, the trend has been to stop using silver as money (as a medium of exchange). This has reduced demand. Then, around 1945, electronics started booming, and since silver is the greatest conductor of electricity, a lot of silver has been used up. Today, the world has nearly run out of silver, just as paper money is beginning to fail around the world as gold begins to explode upwards in price. As investment demand returns to gold and silver for savings (as a store of value), like it will for no other commodities, physical silver prices will explode past them all, because monetary demand will return.
Therefore, I strongly suggest that you try to get the most physical silver for your money, and take possession of it. To do that, you ought to ask the dealer at your local coin shop the prices of the following items. (You can find your local coin dealer at a link below.) Prices sometimes change.

Types and Kinds of Silver Available

1. Bars:A. 1000 oz. Bars. --These bars weigh about 68 pounds, and vary about 10% as to weight. You may get a 908.8 oz. bar or a 1099.6 oz. bar, and the price is settled on delivery. These are the NYMEX bars. Benefit: Good for NYMEX delivery to the major exchange for delivery into a 5000 oz. futures contract, and thus, the most liquid for large buyers or sellers. Also, it is quicker to physically move them in large quantities, rather than moving hundreds of 100 oz. bars. Drawback: They are not suitable for smaller transactions, but they are always liquid if they are sold to a wise bullion dealer who knows what they are. The other drawback may be shipping, if you are on the west coast, since the exchange is in New York.

B. 100 oz. Bars. --These bars weigh 6.8 pounds, and are among the most popular with retail investors. They stack well, and make it easier to inventory than 1 oz. rounds or silver bags. Popular brands are Englehard and Johnson-Matthey. Those two brands cost a bit more than other brands, usually about 40-50 cents per ounce above the spot price, but that price may vary with market conditions.

C. Odd weight retail bars. --Stamped as 101.46 oz. or 51.23 oz., these bars cost less, and generally have a wider spread, due to the extra work it takes to calculate their value, and extra risk due to the lack of good brand name. To test that they are silver, try a simple ring test. Bang them with a wooden spoon, and if you hear a faint, quick, "riiiinnnngggg", they are silver. Lead filled bars thud or thunk, and do not ring. But you may be able to buy these as spot, and sell them at spot, depending on the dealer. These are true "bullion" bars, and not found in quantity. Also, there is the 1 kilo bar, which is 32.151 ounces.

D. 10 oz. bars are also very popular, often harder to get, with a slightly higher cost, as they seem more "affordable" and are very neat to hold, and can act as "change" between the 100 oz. bars, and 1 oz. rounds.

2. Coins:A. U.S. minted Silver-Eagle. --This coin is .999 pure silver, and weighs one ounce. It generally sells for about $2.00 over the spot price, and is thus quite expensive. I don't recommend these.

B. One-ounce "rounds". --They are .999 pure silver, and weigh one ounce. These coins are like the Silver-Eagle, but they cost much less. They are minted by a private mint. They generally cost about 40-50 cents above the commonly quoted price of silver--also called the "spot" price. These are often very popular, and a very good choice.

C. U.S. minted coins, dated 1964 or earlier. --These are half dollars, quarters, or dimes that commonly circulated in the U.S. Called "Junk silver", they generally contain no rare or special coins. Sold by the "bag", each full bag contains $1000 face value of coins, such as 2000 half dollars, 4000 quarters, or 10,000 dimes. A "bag" weighs about 55 pounds. This is typically the cheapest silver you can buy, because there is a cost to melt it down to get the kind of silver that is needed by industry. But this kind of silver also can become very much in demand, such as prior to the year 2000, when people wanted "tradable" silver, and bags cost up to 25% more than other silver bullion.

D. Commemorative Coins. Often times, the public will buy silver at a rate of 10 times higher

than the bullion content if it is made into "Elvis" coins or "Space Shuttle" coins, or "Princess Diana" coins. Often made by the Franklin mint and sold on late night TV, these are generally a rip off. People pay so much, and sell them to the bullion dealers only for the melt value. And you can sometimes buy these kinds of so-called collectibles at the coin shops very cheap at just over the spot price, or ten times cheaper than found on TV.
So, what kind of silver is best? It depends on your situation. I own and like the 100 oz. bars, and the 1000 oz. bars the best. But that's because I have a lot of silver. My friends and family typically like the 100 oz bars, 10 oz. bars, and 1 oz. rounds the best. For storing large amounts, the 1000 oz. bars are most convenient. The 100 oz. bars are troublesome in very large quantities--it takes much more work to move 200 of them than it takes to move 20 big ones. I also like the bags, but they may require counting with a coin counter which I have purchased, which takes more time. My kids like the one-ounce rounds the best. Most people find the 100 oz. bars fascinating to hold in one's hand, and the 1000 oz. bars are typically considered too heavy to lift.
How to Buy Silver & Gold, and Where to Get It!
Beware! Don't trade in your dollars (which are defaulted promises to pay silver or gold) for more promises of precious metal! What I mean is, we are clearly heading into another situation where delivery default is imminent!
The safest place to start buying precious metal is from your local dealer, which you can find in your local phone book -- look up "COIN DEALER".
Now you can search for a Coin Shop near you, online! Search by name, by State, or by zip code! http://www.coininfo.com/User/index.php

If you take delivery in person when you pay, then you will avoid the risk of getting stiffed on a failed delivery. Start there, and start small. A dealer in your nearest metropolitan city may not have the best price, but you will get your silver if you walk out with it.
If you buy all that your local dealer has, then look to another, larger shop that might be a further drive away, and then you might consider one of the nation's largest dealers who are not at the COMEX. If you order on the Internet, or from a dealer far away from home, you may wish to place several orders at once, with several dealers, to protect yourself from a failed delivery.
And when you take delivery, get a safe! And also a gun! And maybe dogs. And perhaps a security system and alarm, or more depending on your situation. You can always protect your silver. The typical cost is 1% per year.
I have multiple large gun safes, each the size of a large refrigerator. I store it in various places, in secure locations, on property not registered in my name. It's well hidden behind a series of 4 locked doors; armed security guards, along with security systems. They say you should be willing to spend up to 1% of the value of your silver, annually, on security. If you plan to hold silver for more than 10 years, you may be willing to spend more up front. I spent about 7% up front, and I spend about 1/2 of 1% annually. (I now have room to make silver my number one holding again, but I plan to buy more silver when the stocks get much, much more expensive.) Those who say they cannot afford security for their silver do not understand the concept of wealth, nor do they understand silver, nor security. If you actually have wealth, then by definition, you can afford to protect it. For example, if you have $5000 of silver, buy yourself a $50 lock box, or a $150 safe at Wal-Mart (maybe a floor safe), and maybe a dead bolt and solid core door for your closet. That would give you 4 locked doors, too: front door, closet door, floor safe door, safe door.

Where to Buy Bullion in Large Quantities:
The following dealers generally have, or regularly keep, over 100,000 oz. silver bullion in inventory: These are generally not places to call for small retail orders. The dealers in this category may or may not have the best prices, but they do have bullion in large size.

American Coin and Vault5523 North Wall Street Spokane, WA 99205(509) 326-7512

California Numismatics (will accept small retail orders)http://www.golddealer.com/Richard Schwary & Kenny Edwards1-800-225-7531

Miles Franklin Ltd.http://www.milesfranklin.com/1001 Twelve Oaks Center Drive Suite #1028Wayzata, MN 55391Contact: Andy Schectman Phone: 1-800-822-8080They believe their exclusive wholesaler is one of the top 5-6 wholesalers in size in N. America.

http://www.wexfordcoin.com/BullionBar.htmMinimum order $5000 --also publishes bid/ask quotesDavid W. YoungWexford Capital Management113 Brenton Court Stephens City, VA 22655Toll-Free: 877-855-9760DTW Coinshttp://home.earthlink.net/~dtwcoins/located in Grand Rapids MichiganDan Wagner (616)-813-0290

or you can go to the us mint website for a list of dealers in your area http://www.usmint.gov/mint_programs/american_eagles/index.cfm?action=lookup

REMEMBER THE GOLDEN RULE PEOPLE HE WHO HAS THE GOLD [or silver lol] WILL RULE..

UPDATES

noreply@blogger.com (MAXAMILLIONDOLLA) — Fri, 14 Mar 2008 13:42:00 +0000

Hey people the prophet of profits [yeah that's my new moniker] is at it again oil just hit $110 a barrel remember i predicted $120 a barrel at The end of last year for 2008
http://blackmoneymagazine.blogspot.com/2007_11_07_archive.html
well we are half way there people and i told you gold will hit $1000 it did that today listen people i told you before take heed or your pockets will bleed. Nobody can save you not the government or the new president Clinton, Obama, nor Mccain [ Ivoted for Obama by the way] only you can save yourself with financial literacy and savvy investing these politicians are feeding you rhetoric about universal health care and a better economy no disrespect but i truly believe that 80% of America is financially illiterate. Listen people to put it short Ben Bernanke nor the treasury secretary Hank Paulson can save the dollar all fiat currencies eventually go to zero you need to buy some real money which is SILVER and GOLD
WAKE UP DOLLARS ARE JUST PAPER STRIPS OF GREEN WOOD!!!
READ MY FORMER BLOG ON FIAT CURRENCIES THEY ALL GO TO ZEROOOOO!!!!
http://blackmoneymagazine.blogspot.com/2007_09_26_archive.html
REMEMBER THE GOLDEN RULE PEOPLE HE WHO HAS THE GOLD WILL RULE.

Invest In Silver / Oil Update

noreply@blogger.com (MAXAMILLIONDOLLA) — Wed, 27 Feb 2008 15:21:00 +0000

what's up people long time no print, well oil hit $102 a barrel yesterday it's at $100.56 right now. It seems my predictions are coming to past, i predicted $100 dollar oil. http://blackmoneymagazine.blogspot.com/2007_10_19_archive.html

Then i predicted $120 oil

http://blackmoneymagazine.blogspot.com/2007/11/new-oil-prediction.html

I also predicted gold would go higher from $791 an ounce now it's $960 an ounce in just 3 short months http://blackmoneymagazine.blogspot.com/2007_11_21_archive.html

In short the financial prophecies that I've made are all on point take heed or watch your pockets bleed.

Now i will get into why i think you should liquidate your 401k's and put your savings in silver bullion which is greatly undervalued. I found someone who sums it up better than me so i will post his news letter.

Remember the Golden rule people he who has the Gold will rule.

Here's why silver is a better investment than gold...Silver has all the same monetary properties of gold, and more!

The historic price ratio of silver to gold shows that about 10 ounce of silver would buy one ounce of gold, a 10:1 ratio. Recently, the ratio is about a 50:1 ratio (with silver at $13/oz., and gold at $650/oz.) As the silver to gold ratio returns to historic values, from 50:1 to 10:1,
you may make over 5 times more money investing in silver, instead of gold!Silver prices may rise to exceed the 10:1 ratio, for the following reasons:Supply is price inelastic. Higher prices may not cause increased supply (production). Why not? Because most silver is produced as a by-product of mining gold, copper, zinc, or lead. Thus, higher silver prices will not substantially increase the amount of silver mined each year. In 1980, when silver prices went up to $50/oz., less silver was mined than in 1979! Demand is price inelastic. Higher prices may not cause reduced demand (consumption). Why not? Because most silver consumed by industry is used in such tiny quantities in each application, such as in film or electrical contacts, that rising silver prices will not easily slow down the growing industrial demand. Additionally, as paper money continues to fail, people will buy silver and gold without regard to price, or they will increasingly buy simply because prices are going up!Almost all of the silver produced by the mines each year is consumed by industry, which leaves little to no room for substantial investment demand. The tiniest bit of investment demand will drive prices sky high.Silver mines produce about 650 million ounces of silver each year, about 200 million ounces come from scrap recycling, and about 100 million ounces used to come from investor selling, or government selling. That's a total of about 950 million ounces. Of that, about 42% is consumed by industrial use, about 28% consumed by jewelry, 20% consumed by photography, 5% consumed in coins and medallions, and that's 95% of total available silver each year! This implies either a "surplus", or "investment demand", of about 5% of the total, or about 42 million ounces--for 2004.Due to silver use, or consumption, lasting decades, silver may now be more rare than gold, in above ground, refined, deliverable, forms. It is estimated that there is about 300 million ounces of silver available to the market at the present time. There are about 125 million ounces of silver at the NYMEX, the big commodity exchange in New York. (As of April 5th, 2006) Each silver contract at the NYMEX is a promise. There are too many contracts, too many promises to deliver silver that may not exist. Each contract is for 5000 ounces. There are often over 175,000 contracts for 5000 ounces, that's a total of 437 million ounces of silver, promised to be delivered. Yet the exchange has about 1/3rd of that in real silver. How can they promise to deliver more silver than exists? If they fail to deliver silver, according to the promises and contracts that they have made, then confidence in the world's entire financial system may collapse. Industrial users of silver may have to shut down their factories. To prevent this, the users will bid silver prices much higher.Due to the risk of default in the silver futures contracts, I suggest that you avoid buying futures contracts, avoid options, and avoid storing your silver with anyone else! Take delivery of your silver, and put your silver in your own safe!Despite silver's intrinsic properties as money, silver began to lose its status as money starting in the late 1800's, as nations stopped using silver, and started using only gold as money. Over 100 years of this "demonetization" has caused a serious drop in silver's value, and this trend is about to be reversed as investors learn about silver's intrinsic properties (and market fundamentals) again.The Silver ETF (exchange traded fund) has created significant investment demand (about 100 million ounces in the first four months) into the tiny silver market, and now, many funds with hundreds of billions of dollars are able to buy silver for the first time.In the end, as paper money fails completely, the neglect of silver’s use as money will be over. Once again, silver will be valued based on other measures of value, such as a day's wage, or a ratio to gold. If silver exceeds its historic value, as I expect it will, due to the scarcity, from its importance in electronics and photography, then perhaps a silver dime, silver quarter, or silver dollar’s worth of silver will be worth far more than a day's wage, as it once was.How high will silver prices go? You do the math on what a day's wage should be, and you tell me!Will people be hurt if silver and gold prices rise? Not you if you own some! But also, honest weights and measures used in commerce are supposed to produce prosperity for all of society, not poverty.
But you must act to benefit from this information. Don't wait for silver to rise before buying it. Silver prices could rise by over $20/day to exceed $100/ounce at any time if large funds or billionaires buy with desperation.

P.S - I will show you what type of silver to buy and where in my next blog.

New Updates

noreply@blogger.com (MAXAMILLIONDOLLA) — Mon, 14 Jan 2008 13:58:00 +0000

what's up people Happy New Year it's 2008 and nothing hasn't changed but the date.

My predictions are the same i predicted oil would hit 100 http://blackmoneymagazine.blogspot.com/2007_11_07_archive.html

it did and drew back to $93.00 which is its current level and will go to $120 just like i formerly predicted. My prediction for gold which has hit an all time high of $913 an ounce which beat the former high of $850 an ounce in 1980 is over 1000 by the end of 2008. Now all these high commodities are all due to the weakness of the dollar and the fact that the federal reserve keeps cutting interest rates and making the dollar weaker. Rememember to introduce a new currency which is what they want to do they must first destroy the dollar. Corn is at an all time high so is wheat and soybeans which are in most of the things we eat milk and other dairy products are too. The only thing that isn't rising are your paychecks hold on people brace yourselves we are already in a recession. Wall street is debating if we will go into one but main street knows we're in one already.

The North American Union And The NAFTA Superhighway Part 2

noreply@blogger.com (MAXAMILLIONDOLLA) — Fri, 14 Dec 2007 15:08:00 +0000

Hello everybody been gone for 3 weeks getting my money right. Dealing with tenants and the markets and studying you know me. I won't talk too long on this blog because i have a video that sums it up it is over 2 hours long i hope you will take the time to watch it. Now this guy Alex Jones is a bit of an extremist but his information is undeniable and remember this,
all truth begins as blasphemy.
Remember the Golden rule people he who has the Gold will rule.

Click the link if the video does not load

http://video.google.com/videoplay?docid=4583630379439989634&q=end+game&total=28083&start=0&num=10&so=0&type=search&plindex=2

UPDATES

noreply@blogger.com (MAXAMILLIONDOLLA) — Wed, 21 Nov 2007 14:00:00 +0000

What's up people been on a short hiatus had to deal with the tenants in my properties you know tenants always complaining trying to find excuses not to pay their rent [black people LMAO] happy turkey day in advance I'll be back on Monday Nov. 26 until then here are the updates. Oil is still on its mission to hit $100 a barrel by years end it is currently at $98 a barrel. The quest to introduce the amero to the American population is still under way but first the American dollar must first be devalued. The dollar index is at .77 cents i predict it will be worth .55 cents in the next 8 years. Gold drop back down to $791 an ounce from its high of $837 an ounce but it will go back higher. If you didn't know the lower the dollar gets the higher gold goes up they are linked together. This happens because sophisticated investors aka the wealthy take their dollar holdings and put it in gold and silver which does not lose its value like paper money which is a fiat currency
[check out my other blog to find out what a fiat currency is. http://blackmoneymagazine.blogspot.com/2007_09_25_archive.html ]

Gold will go up considerably because the dollar will fall considerably and like i said they are linked together and all fiat currencies goes to zero eventually like the Argentina currency collapse, the Japanese yen currency collapse and the Mexican peso currency collapses and a whole bunch more in history do your homework people Google it LOL. The stock market has been down for the last 10 days I've been sweating while I'm trading but i knew it was coming and I've prepared pretty well for the upcoming recession and the down ward spiral of the dollar and the economy. How you say well i liquidated my 401 k and put it in silver bullion and i own oil and mining stocks which do better as the dollar falls, and has nothing to do with the American economy and recession take heed people brace yourselves. Put away some money for a rainy day it is about to pour stop popping bottles buying new outfits and $200 weaves put some nuts away for the winter. They project that 7 million people will foreclose on their houses by the end of 2008 just like it was in the depression. Invest or die yeah people it's that serious well with all that gloom and doom here is the silver lining since you know this in advance remember in these upcoming hard financial times is where the rich get richer and the smart get a good chance to gain wealth you just have to have discipline and know where to put your money. That's why I'm here to point you in the right directions your first step is to take all your savings in your 401 k and mutual funds and pension plans out and put it in silver bullion. Silver is far more undervalued than gold and will make you bookoo bucks in the coming years and it will never lose its value. The money you have in your 401 k and pension plans and mutual funds will however lose much if not all of its value in the coming years. i will get into gold and silver more after the turkey day break but until then read my other two blogs that touches on this topic.

http://blackmoneymagazine.blogspot.com/2007_09_10_archive.html
http://blackmoneymagazine.blogspot.com/2007_09_27_archive.html

Remember the Golden rule people he who has the Gold will rule.

THE AMERO AND THE NORTH AMERICAN UNION PART 1

noreply@blogger.com (MAXAMILLIONDOLLA) — Mon, 12 Nov 2007 12:57:00 +0000

I did some research on the Amero and Nafta the North american free Trade Agreement signed by Canada,America and Mexico it shocked me as it will you. "Americans will never vote to share their currencies with other countries", you say, well i said the same thing until i found out that 60% of Europeans voted against the Euro and we know how that turned out LOL. Remember these countries had to give up their heritage and sovereignity to join this European union under the guise of economic progress. http://library.thinkquest.org/CR0215505/why.htmThis will be the same argument used when the Amero is introduced sound impossible i thought so until i followed the money and found the truth. The banking system where the road to the money ends would love this many nations under, one currency is the power the banking system longs for. Look at the Euro the European central bank is so happy they can now control over 12 nations with one currency that's what we call consolidation of power over many by a few
http://library.thinkquest.org/CR0215505/where.htm It seems inevitable that this new Euro that was worth 80 cents is now worth $1.46 worth more than the dollar which is now worth .77 cents and falling. When it gets low enough i predict we will be begging for the amero LMAO. Remember in hard times people except things they would other wise object to, brace yourself sheeple make a change or this will be Americas future. http://www.blogger.com/www.worldnetdaily.com/images2/amero.jpg

I will follow up on this later part two is coming until then
Remember the Golden rule people he who has the Gold will rule. P.S - think this is some conspiracy theory i made up check out these videos

P.P.S - The SPP was an agreement signed by Presidents Bush and his Mexican and Canadian counterparts in Waco, TX, on March 23, 2005.

The Working Man Is A SUCKER!!!!

noreply@blogger.com (MAXAMILLIONDOLLA) — Wed, 07 Nov 2007 17:15:00 +0000

I know i tell yall folks that a dollar a day will keep the welfare away, but if you don't feed your brain you will feel the pain. What all this means is to invest in the stock market you must understand economics,basic financial literacy and the companies that you are investing in. never let somebody tell you of all the money you can make doing something without telling you all the money you can lose doing it also. let me tell you even the most educated fund managers and economic phd's can't understand the stock market most of the time, it is harder to understand than women LOL. Not investing is not an option though if you don't like stocks or the market like i do then invest in treasury bills,bonds,real estate or a profitable small business.Most of all educate yourself about money and the ways of money and you'll find out money never sits it's always busy doing something. If you have money and let it sit it will go to zero slowly but surely and the smart money investors aka the rich understand that basic principle about money. You scared money working class suckers who want to hide your money in a savings account will find yourselves broke at retirement time. Inflation will eat away at your savings like termites at a wood convention LOL. You can go to high school,college and get your masters degree and still not understand the principles of money unless you major in finance or economics and black people will never major in that.Out of all the business schools black folk make up 3% of all the students currently enrolled that's why generation after generation we will stay in the projects suffering on government aid. If we are not ball players or musicians dancing around like buffoons we will never have riches and those who have riches from entertainment don't hold unto it, The reason is simple all the money we accumulate from entertainment and sports is wasted away because we attain riches and never wealth which leads me back to the beginning of this blog learn about the basic principles of money. Learn economics and finance people let's give our kids a foundation to build an empire on. Work for your money then let your money work for you because people at the end of the day the working man is a SUCKER please believe it!!
Remember the Golden rule people he who has the Gold will rule!!

New Oil Prediction

noreply@blogger.com (MAXAMILLIONDOLLA) — Wed, 07 Nov 2007 14:19:00 +0000

I predicted that oil was going to be 100 dollars in my former blog 2 months ago it is now at $97 so I'm pretty much on point.
My new prediction is that oil will be at $120 by September 2008. Don't worry i will update you on that financial prophecy LMAO.

The Economic Atom Bomb is Coming People

noreply@blogger.com (MAXAMILLIONDOLLA) — Tue, 06 Nov 2007 15:23:00 +0000

I know, i know what the hell is an economic atom bomb?

[side bar oil is at $97 lol told yall back to the topic]

Well not to get to financially complex it goes like this. America owes the central bank [aka the Federal Reserve] lots of money this is called debt. China owns over 44% of Americas debt just like when you owe the credit card company and some other company buys your debt from the credit card company and now you owe them well same thing but on a national and trillion dollar level. America's debt is so out of control that the great investor Warren buffet warned, that if china keeps buying America's debt in the form of dollar holdings and bonds that Americans will soon be paying two taxes, one to America and one to China. Buffet predicts the dollar will fall and has put money on that prediction this is what he said. Buffett said that he began buying foreign currency forward contracts when the euro was worth 86 U.S. cents, and kept buying until the price reached $1.20. It's now worth $1.33. Buffet said he is not adding new positions now but has been rolling over contracts as they mature. Berkshire lost $205 million on currency speculations in the first half of 2004, but more than made that back with a $412 million gain in the third quarter. It's likely that the December quarter report will show another huge gain. This is taken from forbes.com in 2004. http://www.forbes.com/free_forbes/2005/0110/036.html The euro is now worth $1.44 crazy huh. Buffett is not the only billionaire investor that is betting big money that the dollar will fall hard and fast Bill Gates and George Soros are both

predicting the same thing about the decline of the dollar and are making money doing so.

[This news is at least 4 years old people i thought I'd get yall up to speed.]

George Soros

http://alternativeperspective.blogspot.com/2005/02/us-vs-bill-gates-warren-buffet-george.html

http://www.busrep.co.za/index.php?fSectionId=565&fArticleId=2392818

I told yall about the fiat currency called the dollar collapsing in my former blog http://blackmoneymagazine.blogspot.com/2007_09_26_archive.html this is a follow up.

Now if you want to know what would happen to the dollar if China dumps its dollar reserves and bond holdings which is the economic atom bomb to America read these two articles and if you don't understand and still have questions leave your questions in the comments section of this blog and i will explain and answer your questions in later blogs in more simple details aka in English,lam ens terms not economic gibberish. after you fully understand this topic i will get into why we will soon have a new currency that's right people the Amero no more dollar dollar bills yall LMAO.

[why you think the president is right now on t.v giving a speech about free trade with Latin America and Canada yall don't know the half people]. Knowing so much often drives me up the wall that's why i started blogging.

Remember the Golden rule people he who has the Gold will rule

P.S read them in the order their in

1. http://www.dailykos.com/story/2007/8/7/214857/4735

2.http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/08/07/bcnchina107a.xml

Oil Watch Update

noreply@blogger.com (MAXAMILLIONDOLLA) — Thu, 01 Nov 2007 00:59:00 +0000

Yeah the financial wiz is back with another update my predictions were right
http://blackmoneymagazine.blogspot.com/2007/09/black-gold-why-is-it-so-important.html
oil hit $95 in electronic trading the march to $100 is alive and kicking. Don't worry by next year you average folks will feel the recession squeeze creeping up. As the cost of food,gas,clothing and rent goes up and your paychecks stay the same.
Remember the Golden rule people he who has the Gold will rule.

Why Immigration Will Destroy America In The Years To Come

noreply@blogger.com (MAXAMILLIONDOLLA) — Tue, 30 Oct 2007 09:55:00 +0000

I often wondered why Lou Dobbs who is on CNN at nights is always talking about the dangers of immigration overload. He always talks about this and when i say always i mean every single night on the Lou Dobbs show on CNN. Me being an immigrant myself i looked at it as just a mad reporter who didn't want too many foreigners in his land, but being a man who follows the numbers and the money and disregards baseless emotions i looked into this further. What i found was shocking i did what i always do with everything else i followed the money and the numbers because they always lead to the truth as i explained in my earlier blog.
http://blackmoneymagazine.blogspot.com/2007_10_01_archive.html

The rate of immigration is skyrocketing even for a country that is based on immigrants the numbers are overwhelming and America doesn't have the finances or infrastructure to support the rate of immigrants. If this immigration level keeps up for the next 20 years America won't have enough schools, parks, roads or housing to accommodate these immigrants if congress doesn't step in and secure our borders I hate to say it but America will cease to be a sovereign nation the population overload will completely tear the social fabric of our country and we will no longer be the super power of the world. The video below will give you a view of the numbers no racism or patriotism just the numbers people that's all i deal with because like jay-z said men lie, women lie but the numbers don't. [watch this video it's really informative it will change your view of immigration] if the video doesn't play click the link to google video below.

http://video.google.com/videoplay?docid=4094926727128068265&pr=goog-sl

I know it's a little hard to swallow but i think the bankers of the world love the fact of no borders and one money system just like the euro over 10 countries but one currency. Just like they want America, Mexico and Canada to have one currency the proposed new north American currency equivalent to the Euro called the Amero sounds crazy huh i thought so too. I'll leave the Amero currency for another blog.
Until then don't forget the Golden rule people he who has the Gold will rule.

New Update

noreply@blogger.com (MAXAMILLIONDOLLA) — Tue, 30 Oct 2007 00:00:00 +0000

Yeah we're off to the races people oil closed at $93.53 today the march to $100 is in full effect close your wallets and strap up ya pocket books recession a coming people LOL

Oil Update

noreply@blogger.com (MAXAMILLIONDOLLA) — Mon, 29 Oct 2007 12:31:00 +0000

We are at $92.83 a barrel people $100 is coming, well the market just opened we'll see what the closing price is at the end of the day. It hit 93.20 today already.
Remember the Golden rule people he aho has the Gold will rule

Stock Update

noreply@blogger.com (MAXAMILLIONDOLLA) — Fri, 26 Oct 2007 17:54:00 +0000

I told yall when Halo 3 came out to buy Microsoft at $29 a share the same time you bought the game,

http://blackmoneymagazine.blogspot.com/2007/09/you-buy-halo-3-ill-buy-microsoft-stock.html

i doubt yall took heed so i guess you missed the $6.00 gain [it's now at $35 a share] since my recommendation. Microsoft is now at a six year high.

http://us.lrd.yahoo.com/_ylt=AhgEu2SooCfRzeUkVwaBpw27YWsA/SIG=11o1ouh7p/**http://biz.yahoo.com/ap/071026/earns_microsoft.html

From now on i will update you on the money you would have made if you listened to me starting with the money you lost on Microsoft stock. I will teach,scold,laugh at, and do whatever it takes to get my brothers and sisters to invest their money instead of spending it on cars,weaves,clothes,shoes,purple haze and other materialistic liabilities. The best way to inspire is with the almighty dollar so hopefully showing you all the cash you could have made listening to me and doing your own homework will motivate you.
Don't forget the Golden rule people he who has the Gold will rule.

Oil is Skyrocketing

noreply@blogger.com (MAXAMILLIONDOLLA) — Fri, 26 Oct 2007 17:44:00 +0000

oil is sky rocketing people it's at $91.10 a barrel [just hit $92]
http://biz.yahoo.com/ap/071026/oil_prices.html?.v=28
looks like we'll be hitting $100 by next year. well happy recession everyone. Gangstas save some of that haze money and strippers save some of that weave money hard times a coming LOL. Remember the Golden rule people he who has the Gold will rule.

My Favorite Song And Video For 2007

noreply@blogger.com (MAXAMILLIONDOLLA) — Thu, 25 Oct 2007 15:26:00 +0000

Why are their so many rappers geez there is no money in rap music right now you aint selling no records unless you jay-z. please brothers and sisters go to college, the record business is dying didn't you read my earlier blog
http://http://blackmoneymagazine.blogspot.com/2007_08_27_archive.html.
How about you invest or become entrepreneurs, i rather you guys start a clothing line or sneaker line than rap. News flash being a rapper is not the easy way out the hood no more and moving them birds is played out
[the feds have way too much technolgy 911 fucked up everything], now what people yeah let's face it it's time to get a degree the shortcuts have been blocked off only one way out old fashioned hard work, LIKE MY LATE GREAT FRIEND USED TO SAY YOU NEGROES ARE AFRAID TO APPLY YOURSELVES.
I hate to say it but this is my favorite song and video for 2007 .

In case you missed it in my earlier blog http://blackmoneymagazine.blogspot.com/2007_09_12_archive.html some white guy wrote this message for my hard headed brothers and sisters. I hope you guys could put down the patron and stop your two step long enough to be offended by this letter from a white guy to my african american brothers and sisters LMAO.
Now remember the Golden rule people he who has the Gold will rule.

cut paste and Pass this letter on to your friends get the message out people

THEY ARE STILL OUR SLAVES We can continue to reap profits from the Blacks without the effort of physical slavery Look at the current methods of containment that they use on themselves: IGNORANCE, GREED, and SELFISHNESS.>>>Their IGNORANCE is the primary weapon of containment. A great man once said, "The best way to hide something from Black people is to put it in a book." We now live in the Information Age. They have gained the opportunity to read any book on any subject through the efforts of their fight for freedom, yet they refuse to read. There are numerous books readily available at Borders, Barnes & Noble, and Amazon.com, not to mention their own Black Bookstores that provide solid blueprints to reach economic equality (which should have been their fight all along), but few read consistently, if at all.>>>GREED is another powerful weapon of containment. Blacks, since the abolition of slavery, have had large amounts of money at their disposal. Last year they spent 10 billion dollars during Christmas, out of their 450 billion dollars in total yearly income ( 2.22%).>>>Any of us can use them as our target market, for any business venture we care to dream up, no matter how outlandish, they will buy into it. Being primarily a consumer people, they function totally by greed. They continually want more, with little thought for saving or investing.>>>They would rather buy some new sneaker than invest in starting a>>>business. Some even neglect their children to have the latest Tommy or FUBU, And they still think that having a Mercedes, and a big house gives them "Status" or that they have achieved their Dream.>>>They are fools! The vast majority of their people are still in poverty>>>because their greed holds them back from collectively making better>>>communities.>>>With the help of BET, and the rest of their black media that often>>>broadcasts destructive images into their own homes, we will continue to see huge profits like those of Tommy and Nike. (Tommy Hilfiger has even jeered them, saying he doesn't want their money, and look at how the fools spend more with him than ever before!). They'll continue to show off to each other while we build solid communities with the profits from our businesses that we market to them.>>>SELFISHNESS, ingrained in their minds through slavery, is one of the major ways we can continue to contain them. One of their own, Dubois said that there was an innate division in their culture. A "Talented Tenth" he called it. He was correct in his deduction that there are segments of their culture that has achieved some "form" of success.>>>>>However, that segment missed the fullness of his work. They didn't read that the "Talented Tenth" was then responsible to aid The Non-Talented Ninety Percent in achieving a better life. Instead, that segment has created another class, a Buppie class that looks down on their people or aids them in a condescending manner.>>They will never achieve what we have. Their selfishness does not allow them to be able to work together on any project or endeavor of substance. When they do get together, their selfishness lets their egos get in the way of their goal Their so-called help organizations seem to only want to promote their name without making any real change in their community.>>They are content to sit in conferences and conventions in ou r hote ls, and talk about what they will do, while they award plaques to the best speakers, not to the best doers. Is there no end to their selfishness? They steadfastly refuse to see that TOGETHER EACH ACHIEVES MORE (TEAM)>>>They do not understand that they are no better than each other because of what they own, as a matter of fact, most of those Buppies are but one or two pay checks away from poverty. All of which is under the control of our pens in our offices and our rooms.>>>>>>Yes, we will continue to contain them as long as they refuse to re ad, continue to buy anything they want, and keep thinking they are "helping" their communities by paying dues to organizations which do little other than hold lavish conventions in our hotels. By the way, don't worry about any of them reading this letter, remember, 'THEY DON'T READ!!!!
(PROVE THEM WRONG PLEASE PASS THIS ON].

Damn Ti What's On Your Mind

noreply@blogger.com (MAXAMILLIONDOLLA) — Mon, 22 Oct 2007 16:48:00 +0000

Damn TI i thought you was about your money man. New movie, new album your debating against the haters on Hip-Hop. I hope this bodyguard is lying and snitching on you just to save his ass. You rappers are funny all that money and you still got to walk around strapped like you grinding in the trap. i thought all that money was supposed to get yall out the hood and away from all the madness. Some would say more money more problems but i say bull s_ _t the second richest guy in America is Warren Buffet the billionaire investor and he is still living in the house he grew up in and he hasn't been robbed or had to walk around with guns. These rappers talk that gangsta shit all day so they reap what they sow, they get back the violence that they speak about on their songs. I rather you buffoons talk about your iced out watches than how many dudes you shot or how many guns you got after all the game is sold not told. Could you picture the mob rhyming about the drugs they sold and the dudes they buried LMAO picture that at least the OG's had honor. I love you TI but come on king start moving like royalty get 2 bodyguards with gun licenses you got enough dough for that don't you. You got your money right now get your mind right.

Oil Update It's Now $90 a barrel in Electronic Trading Told Yall !!!

noreply@blogger.com (MAXAMILLIONDOLLA) — Fri, 19 Oct 2007 04:28:00 +0000

Yeah i told yall on my last blog that oil will hit $90 a barrel, it did tonight in electronic trading
http://www.marketwatch.com/bulletinredir.asp?guid={15F00BFC-45B5-4DEF-87A4-B27539569785}&siteid=bnb
will it hit 100, i think so. i told yall on my earlier blog at $83 it would hit between 90-95 dollars a barrel.
http://blackmoneymagazine.blogspot.com/2007_09_21_archive.html
I think it will hit 100 because the dollar is now at an all time low people. Don't know why the dollar is so low check out my previous blog on what a fiat currency is
and my future predictions on how low the dollar will go.
http://blackmoneymagazine.blogspot.com/2007_09_26_archive.html
Don't forget the Golden rule he who has the Gold will rule !!!

High Oil Prices Don't Immediately Effect Gas Prices At The Pump

noreply@blogger.com (MAXAMILLIONDOLLA) — Thu, 18 Oct 2007 12:00:00 +0000

High oil prices don't immediately effect oil prices it is the refiners that refine crude oil into gasoline and supply and demand factors that directly effect the price of gas. Don't get it twisted though high oil prices will eventually effect you at the local gas pump remember 4.00 a gallon gas ooohhhh, it might be coming back if oil continues to rise like it is

[it's currently over $88 a barrel]. No people it isn't some conspiracy with the government or president Bush or the oil companies that makes gas prices high it's a number of economic factors that determine the price at your pumps. As a matter of fact the government makes more money on gas at the pump than the oil companies check out the video below for the TRUTH on gas prices. Check out my earlier blogs on oil.

http://blackmoneymagazine.blogspot.com/2007_09_21_archive.html

The four main components of the retail price of gasoline:
Refiners' cost of crude oil
Refiners buy crude oil from U.S. and foreign suppliers and turn it into many different petroleum products, including gasoline. Refiners paid an average of $17.46 per barrel of oil in 1999, and at that time crude oil accounted for about 37 percent of the cost of a gallon of regular gas. This percentage can vary over time and from place to place.
Refining costs and profits
Besides the purchase cost of oil, refiners incur many other costs as well - for operations and maintenance, capital, employee wages and salaries, and so on - and they also must make a profit. In 1999 these additional costs and profits amounted to about 13 percent of the cost of a gallon of gasoline.
Taxes
Federal, State, and sometimes county and other local taxes make up a significant share of the price of gasoline at the pump, with Federal and State taxes alone accounting for 36 percent. Federal excise taxes are, of course, uniform across the country, at 18.4 cents per gallon. State excise taxes vary but average about 20 cents per gallon. A few States also levy sales taxes on gasoline.
Other cost factors
Finally, getting the gasoline to the 180,000 gas stations in the United States and then to motorists incurs additional distribution, marketing, and retail costs and profits. Most gas stations are operated by independent dealers, who set their own prices in response to their operating costs, local economic conditions, and other circumstances.
While gasoline prices in general can be explained in terms of the above factors, additional factors must be considered to fully explain why prices fluctuate over time. For example, gas prices normally change with the season. Because demand tends to rise about 5 percent during the peak driving months, prices generally follow suit, rising before and during the summer (typically about 3.5 cents per gallon) and then falling again in the winter.

Finally, gasoline prices may also differ from one locale to another, for a variety of reasons. Differences in State and local tax rates, discussed above, are one reason. Another is proximity of supply: how far an area is from refineries. Prices tend to rise with distance from the Gulf Coast, which is the source of nearly one-half the gasoline produced in the United States. The extent of local market competition can make a difference as well, with prices likely to be lower when many competing suppliers are concentrated in an area.
Environmental requirements can also cause regional variations in gas prices. Certain State and Federal laws designed to reduce air pollution require that gasoline sold in some areas of the country be chemically modified to reduce motor vehicle emissions that contribute to carbon monoxide, smog, or toxic air pollutants. These special requirements typically raise the cost of making the gasoline. The pump price of the "reformulated" gasoline required in some cities runs about 3 cents per gallon higher than that of conventional gas, and about 5 cents per gallon higher in California. The price difference is greater in California because its standards are stricter than the Federal standards that apply elsewhere. Gas prices in California also tend to be more volatile than in other States because in-State refineries are hard pressed to meet demand and there are few refineries outside the State geared to provide California's unique blend of gas. Demand surges or supply shortfalls therefore usually tighten supplies and drive up prices.

remember the Golden rule people he who has the Gold will rule.

P.S- THE TRUTH ON HIGH GAS PRICES [GREAT INFO IN THIS VIDEO PAY ATTENTION]

Blog Updates

noreply@blogger.com (MAXAMILLIONDOLLA) — Tue, 16 Oct 2007 14:11:00 +0000

I wrote telling you guys about the importance of oil to industrialized nations like our own in my earlier blog. I also predicted oil will go up to 95 dollars
http://blackmoneymagazine.blogspot.com/2007_09_21_archive.html
it was 77 dollars then and 58 dollars in January 2007 and 44 dollars in January 2006 prepare for the recession people oil is currently now over 86 dollars a barrel almost 10 dollars above the price since i told you guys 2 weeks ago. Just so you guys know how right i am when i give you info on financial matters i will update you regularly on my past economic predictions so you know my word is born LOL.
remember the Golden rule people he who has the Gold will rule.

p.s stay tuned i got some exciting money info coming people feed your mind and your pockets will get fat!!! LMAO