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Dear Friends,

Now that the Independence Holiday weekend is over, many of us are back to work! Most of us this morning were half asleep, or just daydreaming of the great time we had with our children, family, friends or spouses. Unfortunately, reality woke us up by mid afternoon as depressing financial news continues to dominate the headlines.

If you are one of the fortunate individuals that have a job, you will do your best to keep it. However, there are many able bodied Americans, over 15 million by one estimate, that are unemployed or have stopped searching for work altogether. 

Since the Recession officially began in December 2007, there has been a loss of 6,460,000 jobs. Last month, there was a loss of 467,000 jobs in the US.  The national unemployment average has climbed to 9.5%. This country has not seen this figure in its record books since October of 1983! There are individual states, comparable to Michigan and Florida where unemployment has hit double digits and has elevated the specter of events similar to The Great Depression by its suffering among its populace.

I'm sad to say that I have family and good friends in Michigan and Florida, so I'm well aware of the challenges and sacrifices they confront daily. Here in California, you can see the effects of unemployment. Many of our citizens are out of work with nowhere to turn. I see additional persons wandering aimlessly begging for cash to get on the bus, to feed their children or for a bite to eat. I see this everywhere as I travel throughout Los Angeles meeting with clients and Realtors. All of this pains me greatly. Truly, one is forced to question the competence of our government in its proclamations that the Stimulus Bill of over $787 Billion is working and providing relief to many Americans. When any one mentions such rubbish, I bite my lip and look to the Heavens in exasperation for the suffering and pain created by those we've empowered to keep watch over our best interests.

The economy is sinking deeper as Americans as a whole are working less, wages have fallen and factories are operating at 65% of capacity. These factors have created a domino effect where the instability of the economy is now seen as a foregone conclusion. 

I have written on previous TeamBlogs my predictions in regards to the state of the US economy and the consequences for America's future once the 'dust has settled'. An undergraduate's degree nor a PHD in Economics is required to understand basic Arithmetic. A 3rd grade education will suffice. A simple logical concept of addition and subtraction as demonstrated by the workings of an ABACUS, is recommended for all members of Congress and the Administration.

The common sense approach never registers in the minds of government bureaucrats. In order to have a balanced budget, one should not spend money that you do not have, one should not print money to make up for money that you do not have and you are allowed to spend money once you know you have the money in your savings to cover the money you would like to spend! Many Americans review their bills once a week and understand these simple concepts. Unfortunately, Washington has too many members with brain damage caused by the 'hot air' thrust upon the Capitol steps, its hallways and even in the Rotunda everytime a speech is made about spending or printing money we don't have to 'manufacture' a speedy Recovery.

Harsh words? Of course! In the full House, incompetence, greed and corruption has permeated our government to such a degree, where hubris and narcissism are now the virtues most recognized as qualities required for pushing legislation that is never read before voting. I also might add, that our media has relinquished its duties as journalists by no longer providing unbiased 'reporting' of all elements of a story which involves the US Government. The predilections of the media has created a void where one must dig in order to find, view and read the truth. How times have changed!

Notwithstanding, after all is said and done, I am turning into a curmudgeon! Politicians at one time in American history were revered and were recognized for their honesty and integrity. The Founding Fathers come to mind. However, 233 years later, America has become a nation unrecognizable from its origins. Certainly the pursuit of politics in 2009 can be explained by these passages:

"The standard of intellect in politics is so low that men of moderate mental capacity have to stoop in order to reach it." Quote from Hillaire Belloc and certainly just one of the signs of our times.

Thanks Again  

Dear Friends,

I planned on writing about California's budget woes and the idea some legislators have in legally selling marijuana in order to close the $26 Billion deficit. During the past few days, it seems as though the Governor and the Legislature have approved in principle a budget agreement. While this is encouraging at first glance, the details and additional negotiations are still forthcoming. While I'm assured the state of California has not 'gone up in smoke' as of this writing, I would not be surprised if the current stop gap measure in 'alleviating stress' will eventually 'explode' and create the turmoil all parties were eager to avoid. One of the details mentioned was to borrow funds from the treasuries of cities and municipalities across California in order to end the deficit. Such an action will undoubtedly produce lawsuits against the State as one can surmise these funds were earmarked for uses in development projects and for salaries. I see fireworks on the horizon as local interests and city governments do their best to keep their funds from going to Sacramento.

As mentioned above, after awhile, one needs to escape from the disappointments and disagreeable content of the news in general. We mostly discuss financial matters in relation to the mortgage industry, here in this TeamBlog. However, I've noticed many of the TeamBlog entries as of late were discouraging or I should say, depressing to say the least. Mind you, these are events which need to be discussed in a thoughtful and intelligent manner.

One topic that I will never cease to discuss ad nauseam are the actions imposed by powerful forces directed towards the loss of our freedoms, liberty and independence. Without a doubt, this is my 'cause celebre'. Nonetheless, there are times one needs to be relieved of chronic despondency by the actions imposed by others either in government, business or in our personal lives. Seeking balance is a goal worthy of attainment. In so doing, I decided to take a weekend mind trip without the use of barbiturates or mind altering drugs as proposed for legal sale by our California lawmakers and immerse myself with thoughts of encouragement that all of life's problems are challenges to be explored and overcomed.

I also focused on thoughts and positive reenforcement for the life I lead, the blessings I have in my health, the love for my family, my friends and camaraderie I have with others. While the dreadful economy has been front and center staring at us from all angles, it is a healthy respite to escape the gloom associated with its depressing nature.

This Summer compared to last, has become an overwhelmingly stressful and depressing minefield of emotions which has created fear, anxiety and exasperation where such inclinations were unknown or of minor consequence at best. The rapid change in one's world can take someone to the depths of an imagined abyss where perception of one's plight can lead to hopelessness and despair. In reality however, there are options available which can guide one to safety and the path to prosperity in all endeavors.

In order for me to be in my zone of comfort and uplifting transfiguration, I have become enamored by involving myself in several activities so far this Summer. I love Classical and Jazz music most of all to relieve bouts of stress. Recently however, I have become enraptured by listening to Gospel Music. Perhaps, in listening to the moving melodies and the inspirational lyrics of Gospel in my own little way, I've become more in tune with myself as a force of enlightenment in a world full of disparagement. Certainly an Epiphany of sorts has occurred in my thoughts for the future and in the manner in which I am to pursue my goals. I'm happy to know full well that I'm alive, content and eager to help those currently involved in my life.

Please check out just a couple of my newest friends:

Norman Hutchins 'Emmanuel' http://www.youtube.com/watch?v=av1omSNOFwE 

Hezekiah Walker, Marvin Sapp, LFC 'God Favored Me' http://www.youtube.com/watch?v=iZnc9YOS9Lw

I also decided to start writing again. I now have taken the time to write a book about my experiences and the workings of destiny, fate and the Almighty in my life. I'm beginning to spend time jotting down my recollections. Notwithstanding, I'm committed to having my manuscript  published next year. 'The Miracle' is a dream inspired work in progress and the day it hits the New York Times Bestseller List, I just knew in my heart that providence was instrumental in its success!

Below are just a few of the passages I've written so far:

"In recollections of my childhood in Havana, I am able to remember with certitude several events which planted the seeds of my current personality and demeanor to this day. Certainly as children, we are not accustomed to have detail oriented memories. However, there are situations which have the ability to pinpoint one's emotions during an occurrence of a profound nature."

I also enjoy viewing independent films that poses challenges to my preconceived notions or offers unusual entertainment by opening a window on worlds I've never known nor seen before. Just the other day I saw the movie 'Seraphine'. This film is based on the life of French painter Seraphine de Senlis. This woman's struggle from day to day in surviving the skirmishes of poverty was painful and laborious to watch. Nevertheless, the recognition of Seraphine's inspirational and intriguing paintings, provides the triumph and the rewards for the many years beset by sacrifice.

There are so many other activities one can do to 'alleviate stress'. However, the most important and in many ways the most successful is Prayer. I would have to say the ability to understand and appreciate the power of Prayer is in the release of anxiety and the cumbersome doubts which restores faith and optimism after one's 'conversation'. I also know that in my own life there were situations which have changed or have gone through such a transformation that Prayer was the only element or catalyst to have brought about the desired result. Moreover, Prayer brings to life sincere dreams of the heart and discloses hidden information which allows one's benign purpose to occur. Without hesitation I can truly say, 'Answered Prayers' is the ultimate stress reliever of those in need of Divine guidance during these chaotic and trying economic times.

I am fortunate to have the ability to express my views in a small forum such as this. I know to some, my thoughts may be construed as inappropriate of discussion in a business setting. There was a time not too long ago that I would have kept my thoughts and inclinations to myself. However, once you are an eyewitness to the disintegration of this wonderful and great nation by powerful forces focused on imposing measures contrary to the origins of the Founders, one is compelled to stand up and use the bully pulpit so that Americans can rediscover and embrace the complete truth.

Thanks Again          

Dear Friends,

The other day while I was driving around town, I happened to scan the channels on the radio and I came across a familiar tune that I haven't heard in years. "Too Much, Too Little, Too Late" a duet by Johnny Mathis and Deniece Williams was released in February of 1978 and topped the Billboard charts that year. The lyrics were memorable as it tells of a sad demise to a loving relationship and the eventual end of a marriage. The melancholy words conveyed by husband and wife in their desire to move beyond the suffering and pain is a chapter that many of us have come across in our own lives.

While the love we have for our spouse is sincere and genuine, there are times the emotional turbulence of outside factors places a deep strain in a relationship which unravels the sacred bonds of commitment.

The long-suffering of Americans during this deep and agonizing financial meltdown, has polarized and affected the structure of a nation in its beliefs. The usurpation of our heritage by the government we elected to protect the interests of its citizens, has begun the silent cascade to deny basic liberties and freedoms.

How is it possible the lyrics to a love song written in 1977, can be transposed to the circumstances we as Americans are experiencing today? Well, let's see.

As a reminder, Congress approved and the President signed into law a $787 Billion Stimulus Bill earlier this year in which only $70 Billion has been spent to this day. It is my understanding a good percentage of these funds will be released for spending in 2010 and 2011. I'm wondering if the US Government in its erratic plan to resurrect the economy, approved TOO MUCH, spent TOO LITTLE and by so doing, has lost its ability to do any good by administering these funds TOO LATE. 

I'm also fascinated by other lyrics in the song which mention 'The Chips Are Down'. For many Americans, this is a fact of life and the prospects for the future looks bleak at best. With the unemployment figures close to 10% nationally and with other states approaching 15%, the 'official' Recession we have witnessed since December 2007 can be considered the 'Great Recession' or just simply a Depression today.

While many in our nation are bewildered by the intensity and the quickness in which the economy has destroyed the lives of many, there are forces eager to take advantage of this situation. The desire to control and change the manifestation of democracy is evident. Government in its willingness to advance its power, has begun the unraveling of sacrosanct principles to the detriment of its citizens by the loss of our sovereignty. The path taken by all Americans this year, will decide our destiny and those of our children and generations to come. 

We Are Watching

Let me explain further.

We are living in momentous times. When government interferes in the affairs of publicly held companies or corporations by outlining and strongly suggesting approaches in business, this is a troublesome development. An open discussion by government to impose salary caps on those in the private sector, the suggestion that a partnership with Bank Of America and Merrill Lynch was a necessity and the encouragement of bankruptcies as demonstrated in the workings of Chrysler and the takeover of General Motors, we are watching.

When the media is no longer capable of pursuing its responsibilities in a democracy by employing ethical journalistic principles in reporting by providing the true facts without obfuscation, we are watching.

When government insists on passing measures of 'cap and trade' where a convoluted nonexistent device construed in thin air to raise the costs of energy in a manner to curry favor with a favored special interest, we are watching.

When government is on a reckless course to pass health care reform to the detriment of everyone with its exorbitant costs, the inability to choose one's doctor and the eventual loss and rationing of quality care in later years, we are watching.

When government spends Billions to fund 'pork barrel' projects to curry favor of corrupt interests, we are watching.

These are just a few of the activities of powerful government and private envoys seeking to control the lives of Americans by 'redistributing the wealth' of its citizens. A classic Marxist or socialist experiment is now descending on this great democratic nation, by the imposition of drastic changes in which government intervention will have a clear and present danger by the chronic intrusion in our daily lives.

How Are We To Pay For All Of This? 

The plan to pay for this is very simple.

Government intends to TAX us to DEATH!

Levity aside, there are reliable sources stating taxes will be imposed on everyone. For those with incomes over $250,000, the tax brackets will certainly rise the most. With local, state and federal taxes one can pay up to 55% on earned income!

These additional burdens is the flawed prescription for the change in the manner we as Americans will lose the freedoms past generations have sacrificed their lives for. Becoming beholden to Washington for all of our needs from cradle to grave is NOT and NEVER has been the intention for the formation of this Republic. We are now beset with a conglomerate of destructive powerful elements eager to impose gargantuan taxes on everyone, to pay for government programs designed to end our independence. 

There are additional lyrics to the song we discussed earlier. Let's hope that 'Too Much, Too Little, Too Late To Ever Try Again' & 'Too Much, Too Little, Too Late We Knew It Had To End' are not the lyrics to a swan song in which Americans end the fight for its liberties, gives up on democracy and ends a marriage we've loved, sacrificed and cherished throughout our entire lives.

http://www.youtube.com/watch?v=IM39yIKoSo4

In Other News

Walter Cronkite

 1916-2009

We have learned of the passing of the most trusted man in America, Walter Cronkite.

Above is the photograph of his reaction reporting the news that fateful day on November 22nd, 1963.

There is no individual in media nor in government today that has the humility, the substance nor the integrity of this precious man. He will be missed.

 Our thoughts and prayers go out to his beloved family and friends.  

Thanks Again

Dear Friends,

This past week has seen the passing of 3 celebrities, all accomplished entertainers in various roles. Ed McMahon at 86, Farrah Fawcett at 62 and Michael Jackson at 50. Ed, Farrah and Michael were well known  for their talented performances throughout long entertainment careers. By comparison, their personalities and details of their lives were known to many and reserved for a select few. 

We will miss Ed, Johnny Carson's sidekick for 30 years on the Tonight Show. Ed's trademark opening 'entrance' of Heeeee-ere's Johnny! and his deadpan expressions when Carnac The Magnificent appeared, were truly hysterical to watch! I also remember Ed when I bumped into him many years ago at a supermarket in Malibu near the fish aisle. He recommended the halibut!

I remember Farrah as the most beautiful woman on campus! You see, her sexy pose in her red swimsuit was plastered all over the dorms of MSU during my time as a student back in the 1970's. Incidentally, I was surprised to learn the other day Farrah appeared on 'Charlie's Angels' for only one season!

And of course, Michael Jackson. A truly tremendous talent with a soft and gentle voice with dance moves unimaginable nor seen when first viewed over 25 years ago! He was well loved by many devoted fans for his kindness, affection and for his philanthropy. His donations to charities all around the world were genuine and heartfelt. However, he lived a life full of controversy.

Michael for what we know at this hour, was a man unrecognizable from his public persona. Allegations of child abuse, uncontrolled drug use and the chronic financial problems in recent years, were the active stressful components that created a tragic and misunderstood existence which ultimately caused his sudden death last Thursday.

We have been made aware of additional insights which may explain the hidden challenges he confronted since his sad upbringing as a youngster. In adulthood we can surmise the thought processes which led to painful, perplexing and harmful decisions in order to mask an intense struggle for acceptance and for the love of his family and peers.

Attempts to disguise or alter his appearance by plastic surgery and his desire to garner control of his life at all costs, were seen as actions to escape from a past devoid of the innocence and frivolity of a childhood he was never to embrace. Demons of such magnitude can lie dormant or become active at times of anxiety and strain. Michael's aberrant behaviour can be seen as a window to his soul. The disturbing and horrific suspicions of child abuse tarnished his reputation and he was no longer viewed by many with respect nor benevolence. To harm a child in such a manner, is the most egregious and repugnant form of abuse one can ever perpetrate on the innocent.

Nevertheless, Michael will always be remembered. His life was a contradiction, a paradox you might say. While the shock of his death begins to dissipate, we will process in our minds and in our hearts on how best to remember him.

A tragic tale indeed. In Michael's death, we need to remind ourselves again, life is not about the pursuit of money, fame or possessions, but what we do here on Earth to attain the promise of riches waiting for us in Heaven.

One of my favorite songs is 'You Are Not Alone'. Let's pray Michael has found the Peace, Comfort, Love and Companionship he so desperately wanted for himself and for others.

http://www.youtube.com/watch?v=o8rYl6K2STc&feature=fust

We truly extend our thoughts, prayers and condolences for all 3 families during this time of sorrow and reflection.

Summer Appreciation Sale Update

Our Sale continues until July 17th. Please read our previous TeamBlogs for more information. If you apply for a Purchase or Refinance loan from Wednesday July 1st until the 17th, MoneyTeam will pay 10% of your Title Insurance Fee - a savings of up to $150!

This will be the last promotion this Summer! Now is the best time to apply as mortgage rates are starting to come down again after a steep hike.

Please check our current Rates or call our office at 323-936-3232 for more details.

Thanks Again