End of America
End of America
End of America
I'm talking about our country's unique ability to simply print more money.
You see, the U.S. government has one very important weapon to use in this crisis: It
is the only debtor in the world who can legally print U.S. dollars. And the U.S. dollar
is what's known as "the world's reserve currency."
The dollar forms the basis of the world's financial system. It is what banks around
the world hold in reserve against their loans.
That's a secret that most politicians don't understand:
As things stand now, the U.S. government can't go broke in any ordinary
sense of the word because it can simply print dollars to pay for its bad
debts. (It's been doing so since March of 2009).
That might sound pretty good at first. Since we can always just print more money,
what is there to worry about...?
Well, let me show you...
You see, as things stand today, America is the only country in the world that doesn't
have to pay for its imports in a foreign currency.
Let's say you're a German and you want to buy oil from Saudi Arabia. You can't just
pay for your oil in German marks (or the new euro currency), because the oil is
priced in dollars.
So you have to buy dollars first, then buy your oil.
And that means the value of the German currency is of great importance to the
German government. To maintain the value of its currency Germans must produce
at least as much as they consume from around the world, otherwise the value of its
currency will begin to fall, causing prices to rise and its standard of living to decline.
But in America...?
We can consume as much as we want without worrying about acquiring the money
to pay for it, because our dollars are accepted everywhere around the word. In short,
for decades now, we haven't had to produce anything or export anything to get all the
dollars we needed to buy all the oil (and other goods) our country required.
All we had to do was borrow the money.
And boy did we. Take a look at this chart...
Even as late as the 1970s, America was the world's largest creditor. But by the
mid-1980s we'd become a debtor to the world. And since the late 1990s we've been
the world's LARGEST debtor.
Today, our government owes more money to more people than anyone else in the
world.
And that was before the financial crisis!
In short, with all of these bad debts piling up, we've had to begin repaying our debts
by printing trillions of new dollars. The impact of this is only just now beginning to
be felt.
And once our creditors figure out what's happening, they're going to be very angry.
I believe they will either completely stop accepting dollars in repayment... or greatly
discount the value of these new dollars. I'm sure you think that sounds crazy, but as
I'll show you, it is already happening.
And that will make our consumption-led way of life impossible to afford.
Just think about the price of oil...
Access to cheap oil has been America's #1 gift of owning the world's reserve currency.
This has made gas cheaper in the U.S. than almost anywhere else in the developed
world. I know you may think gas prices have skyrocketed in recent years... but look
at how much less we pay than other developed nations...
United States: $2.72 a gallon on average
In reality, what it did was make anyone holding British sterling 14% poorer,
overnight, and it made everything in Britain, much, much more expensive in the
coming years.
And for the country as a whole, it ushered in one of the worst decades in
modern British history.
Most Americans don't know about Britain's "Winter of Discontent" in the late 1970s,
when the government put a freeze on wages. There were continuous strikes in nearly
every sector... grave diggers, trash collectors... even hospital workers. Things got so
bad at one point that many hospitals were reduced to accepting emergency patients
only.
In 1975, inflation in Britain skyrocketed 26.9%... in a single year!
The government also imposed what was known as the "Three Day Week" in 1974. In
short, businesses were limited to using electricity for only three specified consecutive
days' each week and they were prohibited from working longer hours on those days.
Television companies were required to cease broadcasting at 10.30pm... to save
electricity.
The extreme problems in the economy led to Britain being nicknamed, "the sick man
of Europe."
Just how bad were things, exactly?
Well, listen to several Brits tell of their experiences. Their stories were collected
recently by the BBC television channel...
John Blackburn, from Wetherby said:
"I was a control engineer at Huddersfield Power Station at the time and
part of my duty was to switch off the supply to various substations around
the town, according to an official rota. On many an evening shift I would
have to switch off the power to my own home before going back for a
candle-lit supper!"
Richard Evans, from London, recalls:
"My mother had to cross a picket line to get into the maternity hospital
(they told her she couldn't come in....). My Grandmother had to bring in
food for her to eat, and clean towels and bedding."
David Stoker, Guildford, said:
"I lived in the North East near Newcastle and I vividly remember my
grandmother and I walking from one shop to another in search of candles
to buy. All were sold out. Innovatively, butchers placed string down
cartons of drippings which we bought... These worked although the smell
and risk of fire made them less practical than candles."
Imagine... Britain was a global superpower for 150 years. But when they started
There are other disastrous consequences to the U.S. dollar losing status as the
world's currency...
For example, there would be much less demand for U.S. dollars around the globe, so
interest rates will skyrocket. Instead of getting a mortgage at today's incredibly low
rates of 4.5%, it might cost you 8% or even 10% or 15%.
Imagine what that would do to housing prices!
Stock prices will likely plummet by at least 40% in a matter of weeks as a result of
this event in the currency markets.
It will cost every American business A LOT more money for supplies and materials.
No one will be able to get a loan... and no bank will want to make loans.
In short, when the U.S. dollar loses its spot as the world's reserve
currency,' it will cause a brutal downturn in the economy, which I expect
will be about 10-times worse than the mortgage crisis of 2008.
You see, what will also happen as a result of this currency crisis, and the end of the
U.S. dollar as the world's reserve currency, will be massive inflation, the likes of
which we have never seen before.
When everyone is trying to get rid of their dollars, the government is printing more
and more to pay debts, and no one wants to own them, the crisis will reach epic
proportions.
Just look for example, at what happened to one European country that faced this
type of crisis in the 1990s...
This is what happens during a major hyperinflation in the real world.
By the early 1990s, the national government of one European nation had spent
nearly all its savings. So what did they do next? Simple... they began to steal the
savings of private citizens by limiting people's access to their money in governmentcontrolled banks.
And of course, to finance the daily operations of maintaining their basic
infrastructure, they started printing money, big time. Even so, the country's basic
infrastructure began to fall apart. There were potholes in the street, broken water
pipes... elevators that never got repaired... and entire construction projects that
simply shut down, before being completed.
At this point, the unemployment rate was more than 30%.
Not too bad, right?
But it got worse... much worse.
You see, once you start down the dangerous road of printing money, things can get
clinics of scarce pharmaceuticals and then sold them in front of the same
places they robbed. The railway workers went on strike and closed down
the country's rail system."
At this point, businesses and citizens across the country basically
refused to take the local currency.
Instead, everyone started dealing in German Marks. Keep in mind, the
daily rate of inflation was nearly 100%.
Can you imagine the panic in a society when the price of just about
everything doubles... every single day? It was absolute pandemonium,
and the economy basically came to a grinding halt. It was like living in a
war zone. Truckers stopped delivering goods. Stores, restaurants, and
gas stations all shut down.
In fact, the only way to get gas was to buy it on the side of the road, from
someone selling it out of a plastic can.
Steve Hanke, an Economics professor at Johns Hopkins, wrote that:
"People couldn't afford to buy food in the free market they kept from
starving by either waiting in long lines at state stores for irregularly
supplied rations of low-quality staples, or by relying on relatives who lived
in the countryside.
For long periods, all [the] gas stations were closed, with the exception of
one station that catered to foreigners and embassy personnel. People
also spent an inordinate amount of time at the foreign-exchange black
markets, where they traded huge piles of near-worthless money for a
single German mark or US dollar note."
The number of operating busses dropped by 60%... and busses were so
crowded that drivers couldn't even collect fares. Government ordered
blackouts left people without heat and electricity for long periods of time.
In another ridiculous government move, they actually made it illegal to
NOT accept a personal check.
Imagine... you could write a check... and in the several days that it
typically takes for a check to clear, inflation would wipe out almost all of
the cost of covering your check.
Of course, as is typical, the government took none of the blame. As Dr.
Thayer Watkins reported, the government's official position was that the
hyperinflation occurred "because of the unjustly implemented sanctions
against the people and state."
Again... I know what you are thinking... "just because it happened in Europe doesn't
it mean it can happen here, right"?
Incredibly, other states, including New York, may soon do the same
thing.
* LIFE INSURANCE: In Georgia, the government is proposing taking out
"dead peasant" policies on state employees. When these folks die, the
money won't go to the dead person's family... but to the state coffers, to
help pay for more programs, insurance, and pension liabilities!
It's simply incredible, isn't it?
State and municipal governments are so broke, and so desperate, that they are taking
unprecedented steps to at least temporarily avoid bankruptcy. Nearly every state in
the union is talking about legalizing some form of gambling, to boost tax revenue.
California still wants to legalize marijuana, even though it was defeated in the recent
election.
Of course, none of these ridiculous steps will work on the long run.
And the truly amazing thing is that the U.S. Federal government is in even worse
shape than the local governments! The only reason we haven't seen the full brunt of
this crisis yet on the federal level is because we've just continued to pile on more and
more debt.
The states can't print money... but the Federal government can (at least for now).
And for the moment, this is all that is preventing a currency collapse of
unprecedented proportions.
And this is the important point: What most people don't realize
is that the U.S. government can only continue printing
dollars... as long as the U.S. dollar remains the world's reserve
currency.
In other words, this is all going to fall apart much sooner than people think. In fact,
it's already happening...
The first steps are already well underway. It is happening right now... before our very
eyes.
I can't stress this enough: You need to act now in order to protect your assets,
and grow your savings in the next few years. In the next few minutes, I'm going to
show you exactly how I'm protecting my own money, and what I recommend doing
with your own.
But first, let me show you what exactly is going on right now...
When you read these facts, I think you'll agree with me that the U.S. dollar's days are
numbered, as far as remaining the world's reserve currency.
It shows that China's holdings of U.S. dollars peaked in 2009, but China is unloading
as many dollars as they can, as quickly as possible.
And this is just one sign of the end of the U.S. dollar standard.
There are many more...
HSBC, one of the largest banks in Mexico, no longer allows you to deposit U.S.
dollars into their banks. They've done this on the heels of money-laundering
allegations, but we suspect they also simply don't want to be stuck with tons of U.S.
dollars, as the currency continues to decline.
This move would have been unfathomable 10 years ago... that a big bank in Mexico
would no longer accept U.S. dollars for deposit. But today it is the harsh reality.
And Mexico is not the only place this is occurring...
Reuters reports that the same thing has happened in 2008 in one of Europe's most
popular tourist spots...
Currency exchange outlets in Amsterdam have been reportedly turning away
customers who want to exchange their U.S. dollars for Euros.
As one traveling American told the Reuters news agency: "Our dollar is worth maybe
zero over here," said Mary Kelly, an American tourist from Indianapolis, Indiana, in
front of the Anne Frank house. "It's hard to find a place to exchange. We have to go
downtown, to the central station or post office."
In India, the country's tourism minister said in 2008 that U.S. dollars will no longer
be accepted at the country's heritage tourist sites, like the Taj Mahal. And the U.S.
dollar is no longer good anywhere in Cuba.
The New York Times reports that: "now, many shops in China no longer accept
dollar-based credit cards issued by foreign banks... and foreigners cannot convert
American dollars into renminbi beyond a given quota."
Iran, of course, has already moved all of its reserves out of U.S. dollars, and Kuwait
de-pegged it's currency from the dollar a few years ago:
Bloomberg News recently reported that China and Russia plan to start trading in
each other's currencies to diminish the dollar's role in global trade. "Given the risk to
the dollar and U.S. assets from their fiscal position, they want to reduce their
dependence on the dollar as an invoicing currency," said Bhanu Baweja, of UBS
bank.
What most Americans don't realize is that this is all totally legal.
The U.S. Treasury Dept web site says that, according to Coinage Act of 1965: "There
is... no Federal statute mandating that a private business, a person or an
organization must accept currency or coins as for payment for goods and/or
services."
I saw one report that says there are now 150 of these alternative local U.S. currencies
being accepted around the country!
USA Today reports that the largest of these local currencies is a currency called
"Berkshares," which are being used in the Berkshires region of western
Massachusetts.
According to the paper:
"Since its start in 2006, the system, the largest of its kind in the country,
has circulated $2.3 million worth of BerkShares."
And even in places that do not yet have local currencies, store owners may now
actually prefer foreign currencies rather than U.S. dollars...
In Washington, DC, just 25 miles from my office, some stores have begun accepting
euros. Of course, the euro isn't much more stable than the dollar right now. But my
point is that most people don't understand there is NO FEDERAL REQUIREMENT
in the United States for a private store to accept dollars for non-debt transactions.
You see, no matter what the government decides, stores and businesses will accept
whatever they believe is a strong currency.
As Texas Senator Ron Paul wrote recently:
"If you walk into a 7-11 to buy a soda, the clerk
doesn't have to accept your dollars, he could demand
euros, silver, or copper. But because legal tender
laws backing the dollar have caused the dollar to
drive other currencies out of circulation, [right now]
it is easier for stores to accept dollars."
Well, all that is quickly changing...
Many places in Texas now accept Mexican pesos for payment. "Euros Accepted"
signs are popping up in of all places: Manhattan. And not only Manhattan, but in
New York's favorite summer playground... the Hamptons.
There, an art gallery assistant was quoted by The Real Deal: "I wouldn't want to
discourage a sale in any way because of a currency issue."
And it's not just small stores that are accepting other methods of payment besides
U.S. dollars.
The Chicago mercantile exchange the world's largest futures and commodities
exchange board), now accepts gold to settle futures contracts. Until recently, the
exchange typically accepted only U.S. treasuries and bonds as payment.
These guys obviously see the writing on the wall.
This would have all been completely unthinkable 10 years ago, but today it's a reality.
And this trend is going to keep moving incredibly fast.
That is why...
It's not a matter of "if" the U.S. dollar will lose its status as the world's reserve
currency... it's simply a matter of "when."
Investors know there are serious, serious problems with the U.S. dollar, so they are
fleeing to precious metals, which have historically been very reliable when a country
has major currency problems.
In short: It's not hard to see why people are no longer accepting U.S. dollars... and
why many foreign countries are pushing for a new world reserve currency.
The good news is, no matter what happens, I've found several ways for you to protect
your savings and you could even make 3- to 5-times your money over the next few
years.
I'll show you exactly what to do in a moment. But first let me explain why the
collapse of the dollar as the world's reserve currency could happen much sooner than
most people expect...
before... it never will. We are all guilty of it... it's just human nature.
The normalcy bias also makes people unable to deal with a disaster, once it has
occurred. Basically... people have a really hard time preparing for and dealing with
something they have never experienced.
The normalcy bias often results in unnecessary deaths in disaster situations. For
example, think about the Jewish populations of World War II...
As Barton Biggs reports in his book, Wealth, War, and Wisdom:
"By the end of 1935, 100,000 Jews had left Germany,
but 450,000 still [remained]. Wealthy Jewish
families... kept thinking and hoping that the worst
was over...
Many of the German Jews, brilliant, cultured, and
cosmopolitan as they were, were too complacent. They
had been in Germany so long and were so well
established, they simply couldn't believe there was
going to be a crisis that would endanger them. They
were too comfortable. They believed the Nazi's
anti-Semitism was an episodic event and that Hitler's
bark was worse than his bite. [They] reacted
sluggishly to the rise of Hitler for completely
understandable but tragically erroneous reasons.
Events moved much faster than they could imagine."
This is one of the most tragic examples of the devastating effects of the "normalcy
bias" the world has ever seen.
Just think about what was going on at the time. Jews were arrested, beaten, taxed,
robbed, and jailed for no reason other than the fact that they practiced a particular
religion. As a result, they were shipped off to concentration camps. Their houses and
businesses were seized.
Yet most Jews STILL didn't leave Nazi Germany, because they simply couldn't
believe that things would get as bad as they did. That's the normalcy bias... with
devastating results.
We saw the same thing happen during Hurricane Katrina...
Even as it became clear that the levee system was not going to work, tens of
thousands of people stayed in their homes, directly in the line of the oncoming waves
of water.
People had never seen things get this bad before... so they simply didn't believe it
could happen. As a result, nearly 2,000 residents died.
Again... it's the "normalcy bias."
We simply refuse to see the evidence that's right in front of our face, because it is
unlike anything we have experienced before.
The normalcy bias kicks in... and we continue to go about our lives as if nothing is
unusual or out of the ordinary.
Well, we're seeing the same thing happen in the United States right now.
We have been the world's most powerful country for nearly 100 years. The U.S.
dollar has reigned supreme as the world's reserve currency for more than 50 years.
Most of us in America simply cannot fathom these things changing. But I promise
you this: Things are changing... and faster than most people realize.
For a moment, just look at a tiny fraction of the evidence around us....
** 13% OF POPULATION ON FOODSTAMPS
Did you know that there are now nearly 42 million Americans on food stamps?
That's nearly 13% of the entire population. Those numbers are up 17.5% from last
year... and the number of Americans on food stamps has gone up every month for 19
months.
Can a country really be in good shape when 13% of the population can't even afford
to buy food?
Or how about this...
** SHANTY TOWNS COMING TO YOUR NEIGHBORHOOD
Although it's gone almost completely unreported in the mainstream press, in a dozen
or so cities across the nation (like Fresno, Sacramento, and Nashville), there are
hundreds of people living in modern-day, Depression-era shanty towns.
The Fresno shanty town has received the most publicity, after a visit by Oprah
Winfrey. There, about 2,000 residents are homeless. They even have a security desk
at the shelter, because the encampment has gotten so large. City officials say they
have three major encampments near downtown, and smaller settlements along two
local highways.
Also...
** 43% OF AMERICAN FAMILIES ARE ESSENTIALLY BROKE
According to a recent article on MSN Money, about 43% of the American families
spend more than they earn each year.
Look at this chart... it's unbelievable..
The average household carries $8,000 in credit card debt... and personal
bankruptcies have doubled in the past decade.
How in the world can we possibly spend our way out of the current crisis?
We certainly can't do it with savings... the only answer is to print more money, which
will hasten the fall of the U.S. dollar as the world's reserve currency.
** THE MYSTERY OF DISAPPEARING JOBS
There's simply no one better at bending statistics than the U.S. government. Take the
unemployment rate, for example. Back in the 1930s, anyone without a job but not
retired was considered "unemployed."
Today, however, the government calculates unemployment mainly by counting the
number of people receiving unemployment benefits. So when people's benefits
expire, they are no longer counted... and the unemployment rate actually falls!
Ridiculous... I know.
But the reality is, the true unemployment rate is much, much higher than what the
government is reporting.
If you don't believe me, look at two recent job postings I read about last week..
In Long Island City, an estimated 2,000 people waited in line at the local
employment office some for as long as four days! to apply for 100 elevator
mechanic apprenticeship positions.
And in Massillon, Ohio, 700 people recently applied for a single janitorial job...
paying $16 an hour, plus benefits!
The point is, our country is not growing jobs, because the government makes it
harder and harder for businesses. With current regulations in place, our country will
never experience the type of growth necessary to dig our government out of the hole
they've put themselves in.
I'm sure you think I'm exaggerating, but just look at what the CEO of one of
America's most important companies said just a few weeks ago..
Intel CEO Paul Otellini said in a recent speech: "I can tell you definitively that it
costs $1 billion more per factory for me to build, equip, and operate a semiconductor
manufacturing facility in the United States"
He said that 90% of the additional costs are not from higher labor rates... but from
higher taxes and regulatory charges, which other nations simply don't impose.
Cypress Semiconductor CEO T.J. Rodgers agreed that the problem is not higher U.S.
wages, but anti-business laws. He was quoted in an interview with CNET News: "The
killer factor in California for a manufacturer to create, say, a thousand blue-collar
jobs is a hostile government that doesn't want you there and demonstrates it in
thousands of ways."
Few Americans today realize that we have the second highest corporate tax
rate in the world. And since Japan's new prime minister just announced that he
plans to reduce the country's corporate tax rate by 15%... the U.S. will soon have
THE highest corporate tax rate in the world.
Why would anyone want to start a business here, when they can do it for less
money...and keep more of the money they make... by locating elsewhere?
It's just another good reason to avoid the U.S. dollar...
So is this:
** DEBT-RIDDEN U.S. COMPANIES
Did you know that in 1979, there were 61 American companies that earned a
top-level AAA credit rating from Moody's?
Today, there are only four: Automatic Data Processing, Exxon, Johnson & Johnson,
and Microsoft
Does this sound like an economic recovery to you... when only four companies in the
entire country are stable enough to earn a triple-A credit rating?
Me neither. But it's nothing compared to what's going on in the housing sector...
** A CRAZY LAS VEGAS ECONOMICS STORY
You want to know how crazy things are in the U.S. right now...
Consider the bizarre state of the Las Vegas housing market, where The New York
Times reports that building is booming again in a city where nearly 10,000 new
houses are empty, thousands are in foreclosure, thousands of regular people have
simply stopped paying their mortgages and average prices are down more than 60%
since 2006.
What could possibly be driving this building mania?
Well, it turns are that buyers don't want homes that were built during the boom,
because they sit in neighborhoods that look like ghost towns, and because many of
these never-occupied houses are filled with cockroaches and other critters.
So local builders are doing the worst possible thing they could be doing in Las Vegas
right now... building more homes! Similar scenarios are taking shape in Phoenix and
other U.S. cities.
Of course, this might look good for economic numbers, but all it does is make the
situation much, much worse in the long run.
Want to see another crazy trick some businesses are using to artificially boost their
earnings numbers?
In both situations, we saw big crashes, of about the exact same magnitude... then a
big recovery, again of about the same size.
But what will happen next?
Well, if history is any guide, we could well have another big leg down in the stock
market. That's exactly what happened 70 years ago.
And with all of the problems left unresolved in our economy today, it could certainly
happen again, especially if the U.S. dollar loses its reserve status.
As The Wall Street Journal reported:
"Over the last year the stock market has followed a
path eerily similar to 1937. First, a strong, rapid
run to a recovery high same pace, same magnitude.
Then a correction again, the same. Will we continue
on the path that led the correction of 1937 into a
collapse in 1938?
The point is, the cards are seriously stacked against us.
This looming currency crisis is inevitable.
Almost every state in the country is on the verge of bankruptcy. We have borrowed
an impossible amount of money, which we'll never be able to pay back.
Our economy is an absolute mess. Taxes are sky high already... and will certainly go
much higher over the next few years. And nearly all of the world's major financial
players are preparing for an alternative to the U.S. dollar as the world's reserve
currency.
To me, it is so obvious that we are about to experience a serious currency
crisis, that I can't believe people can deny this reality with a straight face.
Again, if you don't believe a currency crisis is coming, just take another look at the
price of gold and silver compared to the U.S. dollar over the past decade.
It's obvious that smart investors want to hold gold and silver, not U.S. dollars.
Anyone with any sense or basic understanding of economics can tell that the U.S.
dollar is doomed. And it's going to have major repercussions, which the average
American has not yet even considered.
So, what can you do?
Well, I've done a lot of research on this, and have found that there are a surprising
number of simple things you can do to not only protect what you've currently got,
but to also potentially make quite a bit of money as this currency crisis unfolds.
Here's what I recommend...
Well, there's a series of pretty simple financial moves I believe you should begin
making, immediately.
And here's something I want you to keep in mind: I'm really only going to talk about
your finances here.
As far as protecting your family... well... it depends on your circumstances. If you live
in an urban area, I recommend making sure you've got somewhere you can go in
case there are riots or food and water shortages. I think there's a very good chance
we'll see that in the next two years.
Wherever you're going to wait out the chaos, I recommend you have basic food,
water, and medical supplies to last you for at least six months.
Remember, you won't be able to count on the government during this crisis. Think
about it... if the government couldn't even save the city of New Orleans during
hurricane Katrina, how in the world will it save an entire country when all hell
breaks lose?
And as I said earlier, the truth is, the government won't even try to save individual
American citizens... the government will be much more concerned with saving itself.
As far as taking care of your money to make sure you don't lose money
and even use this situation to come out quite a bit ahead well, that's
where I can help you.
All of the moves I recommend are simple and fairly straightforward to implement
at least right now. If you wait to do these things, however, they will almost certainly
get very expensive, difficult, and even impossible to do.
If you do these things now, not only will you be better prepared to weather the
coming storm, I believe you could also make quite a bit of money over the next few
years.
And if I'm wrong... well... that's the best part... I think you'll still make very good
gains.
Even if all we get out of this crisis is a mild inflation, you will still be set up to do
very, very well.
So here are the specific steps you should take...
STEP #1. GET SOME OF YOUR MONEY BEYOND THE REACH
OF THE U.S. GOVERNMENT (it's perfectly legal, and a lot
easier than you think)
I know you probably don't believe me when I tell you that the U.S. government is
going to implement policies to save itself, which are unimaginable right now.
But remember, desperate governments will do very desperate things. That's why they
outlawed the ownership of gold 80 years ago.
That's why they are already talking about "nationalizing" automatic 401(k) and
retirement plans... and it's why it might soon be against the law to open a foreign
bank account, or to move your money overseas without paying outrageous taxes.
The good news is, I met recently with a man who is considered one of the top "asset
protection" attorneys in America.
In short, I learned that there are four simple investments you can make right now,
which you DO NOT have to report to the U.S. government.
Don't get me wrong...
When and if you ever sell these things, years down the road, you are still required to
pay taxes on your gains. But the great thing is, while you are holding these
investments, so long as you play by the rules, neither you nor anyone else is required
to report them to the government.
And this benefit should be obvious...
The less the government knows about where you have your money, the better. They
simply will have a very hard time taking what they don't know you have.
I am personally putting a fairly significant portion of my portfolio into one of these
assets. And I plan to hold it for a long time. No matter what happens, I know I'll have
a significant amount of money that is beyond the government's grasp.
I'm not going to tell you exactly what I'm doing here in this letter, but I will explain
everything in full detail in my new report, called: The 4 Investment Assets You Do
NOT Have to Report to the U.S. Government. And I will gladly send you a copy, free
of charge.
In addition to explaining how I'm protecting my own money, I'll show you three
other places you can put your money, which you legally do not have to report to the
U.S. government.
Of course, normally it would cost you thousands of dollars to meet with
my asset protection attorney, and to take advantage of his best strategies.
But I'll reveal everything you need to know to get started in this report.
Plus, I'd like to send you the information on...
STEP #2: HOW TO ACQUIRE THE WORLD'S SAFEST ASSETS,
WHICH ARE LIKELY TO PERFORM BEST DURING THIS
PERIOD.
What I'm talking about here is buying as much gold and silver as you can reasonably
afford. I know... gold has had a huge run, jumping more than 300% in the past
decade.
But believe me, when the U.S. dollar loses its status as the world's reserve currency,
this early run is going to be a mere afterthought.
I will be surprised if gold does not reach $5,000 or $6,000 an ounce in the next few
years.
The smartest money managers in the world, people like George Soros, David
Einhorn, and John Paulson, have all recently taken huge positions in gold. And I
think you are crazy to not do the same.
How should you do it?
There are many options. And my research firm has recently published a great book,
called The Gold Investors Bible, which details in full all of the best ways to own and
hold gold bullion.
In this volume, we reveal dozens of secrets about the gold industry... specifically the
best ways to buy, sell, and store your gold. It explains whey some gold coins are
better than others. How to buy gold with ZERO dealer markup. How to easily and
safely store some of your gold overseas, very cheaply... where to hide it... and so
much more.
Not regularly available for sale, this book is valued at $24. I'd like to send you a copy,
totally free of charge.
And what about silver?
Well, I believe silver will serve a unique role during this currency crisis.
Let me explain...
For most of recorded history, the price of gold has been around 16 times the price of
silver. This ratio the so-called "silver ratio" has fluctuated from time to time
based on silver discoveries and attempts by governments to regulate the silverto-gold ratio. But... in a free market, where demand for silver as money exists, I'd
expect the natural supply and demand balance to lead to a silver price around 1/16
times the price of gold.
Based on the historical ratio, with the price of gold around $1,400, the price of silver
should be around $87. It's not, of course. Today, silver is trading around $27. Today
then, gold is selling for more than 50-times the price of silver.
What explains the difference between hundreds of years of history and today? Why is
silver still so cheap relative to gold?
When silver is "demonetized," as it is now (meaning it's not being used for money,
but just for industrial purposes), supplies soar as people sell silver for gold and other
currencies.
On the other hand, during periods of monetary crisis, demand for silver as money
pushes the silver ratio heavily in silver's favor.
For example, the ratio returned to its historic range (16) during World War I. It
happened again in the early 1970s, when Nixon abandoned the gold standard. It also
happened most famously in 1979-1980, when it seemed as if America was really
entering a serious money crisis
Most people don't know this, but silver is actually the best-performing asset of this
century... not gold.
As my friend Chris Weber pointed out in his November 1st newsletter, Gold has risen
from $256 to $1,365 since 2000. That is a rise of 433%. Silver has risen from $4.02
to $24.96. That is a rise of 521%.
And in the days that Chris has written this, silver has jumped another 7%!
In short, silver is the best hedge against a money crisis.
As the dollar fails, silver will once again be in demand as money.
And as this demand materializes, the free market price of silver will likely return to
around 1/16 the price of gold. When gold hits $2,000 an ounce, and assuming the
price of gold is 16 times the price of silver, silver should be worth about $125. My
multimillionaire friend and currency expert, Chris Weber, believes silver will likely
hit $187 an ounce.
If that happens, you could make gains of around 600% if you invest at today's prices.
So what are the best ways to buy silver?
Well, my firm has done a ton of research on this precious metal. We have found great
ways to hold the metal personally... to have it stored in a secure location in the
United States or overseas... and more. We've put everything we know into a valuable
guide called: Secrets of the Silver Market.
I'd like to send you this valuable resource, also free of charge. I'll show you how to
get it in a second.
But first let me get to the 3rd financial step I recommend you take right now:
STEP #3: LEARN THE STOCK MARKET "QUITTER'S" SECRET
If you want the opportunity to make a lot of money during the coming crisis, one
sure way to do it is to learn the intricacies of an unusual investment strategy that is
now making some investors an absolute fortune.
At my research firm, we have been teaching readers this method for several years.
And get this: You don't have to buy a single stock to begin using this strategy... and it
has nothing to do with "shorting."
In a nutshell, this is a secret that could enable you to safely extract gains of exactly
100% from the market, over and over again... without ever owning or touching a
stock.
Keep in mind: the most you can make using this strategy is 100%... and as with all
investments, there is some risk involved. Also, it's important to note that this
strategy will probably not be right for everyone...
But it can be so safe and easy, once you learn how it works, you might decide to
never buy ordinary stocks, ever again.
Like these folks I taught this secret to in recent years...
Last March, for example, Peter Kos of Boise, ID quit stocks and used this secret
instead. He says he now makes an average of $10,000 per month. Randy Bowman of
Annapolis, MD, also quit stocks. So far he's made over $87,500. Bernard Henderson
of Carmel, IN, now collects an average of $100 a day. Another, Harold Welchik of
New Brunswick, NJ, has made over $20,000.
Tim Hewitt from Sacramento probably put it best when he wrote me and said: "This
has saved my portfolio."
I repeat... to begin using this investment strategy, you DO NOT have to touch the
stock market, and you don't have to buy anything in the options market either.
That's why financial author Lee Lowell writes: "I've been a professional trader for 17
years... but many people have never heard of a [this investment], let alone used this
strategy. This is a great way to get your hands on instant cash."
Pulitzer Prize winning author James Stewart learned this secret recently and said:
"[These payouts] are so rich I consulted a colleague to make sure they were real."
This seldom-understood strategy is how we've helped dozens of people make
incredible gains, even in a terrible stock market. And in all likelihood, when the stock
market gets really bad, as I expect it soon will, this will be incredibly lucrative and
safe strategy.
I'll show you exactly how this investment strategy works, and how you can take
advantage of it immediately, starting today. Everything you need to know is in my
new report called: The Stock Quitter's Secret The Easiest Way in the Markets to
Make 100%.
As the stock market begins to unravel, this incredible technique will likely get more
and more lucrative.
Multimillionaire investor Barton Biggs wrote that this type of asset, throughout
history, "protected both your wealth and your life."
During World War II, for example, when millions of families lost their entire life
savings through inflation or government seizure, this was the one asset that
enabled some families to protect, preserve, and grow their money.
What the average American doesn't realize is that many of the richest people in the
United States have a significant ownership stake in this asset: The Walton family (of
Wal-Mart fame), Bill Gates, Ted Turner, the Hilton family, Charles Schwab,
Microsoft billionaire Paul Allen, the Hunt family (of Texas oil fame), the Hearst
family, the Ford family, and more
As I mentioned, you can easily make this investment today, here in America.
Probably less than 1% of the population owns it today... but it is readily available,
and fairly inexpensive.
I've written up all of the details on everything you need to know. My full report is
called: The World's Most Valuable Asset in a Time of Crises.
There are several ways to make this investment. I'll show you what they are.
Like I said, this has nothing to do with stocks, bonds, precious metals, guns,
medicine, or anything like that. Yet it could save your family... and make you very
wealthy in the coming years.
As my multi-millionaire friend Doug Casey says, it's the ONE THING you should
own in the years to come.
I don't want to say any more about it than that, here in this letter. The truth is, the
fewer people who know about this investment secret, the better.
So how can you begin taking these simple steps, right away?
Well, my company, Stansberry & Associates Investment Research, is a financial
research firm.
We have a staff of about 50 people, and our main objective is to find safe and
profitable investment ideas that you are not likely to hear about anywhere else.
Since we started this business a decade ago, we have helped a lot of people make a lot
of money...
Harold Thiessen from Montana wrote recently to say: "My IRA has gone from a low
of $315,000.00 to the present high of $952,000.00. I can only thank [you] for
changing my life so much."
Dan Koffin, from San Diego, also contacted us recently to say: "Since joining, my
portfolio has grown by several hundred thousand dollars. I look forward to a long
and prosperous relationship."
We even got an interesting note recently from a reader named Ulysses Reuter, who
says he has been making a "small killing" enough to buy a nice-sized boat and a
house in Mexico. Here's the photo he sent (below). He writes:
Mr. Reuter added: "We took delivery of her 3 weeks ago and are cruising the
Bahamas. In October we will take her through the Panama Canal over to the Pacific
side since I just bought a home in Mexico..."
Then there was the nice note from Mitchell Donavan, from Ithaca, New York. He
said: "I was working long hours with overtime to make a living when I joined you.
The excellent results have allowed me to retire early."
Believe me, nothing makes me feel better than receiving notes like these.
But I have to tell you, right now, I am really worried that a lot of our subscribers and
many, many hard-working Americans are going to get caught totally by surprise
when this inevitable crisis hits.
That's why I created this letter, and that's why I'd like to send you the full details on
exactly how I believe this is all going to unfold... and exactly how to protect yourself
and even prosper during this crisis.
Remember: The government is not going to save you:
If the government couldn't save one small city from the disastrous news coming,
then how is it going to save all of us when the [beep] really hits the fan?
You can either let things happen to you... or you can take a few simple steps and take
charge of your family's fate.
Please, just give the work I've done a look... and I believe you will have all the
information you need at your disposal.
The best part is, you can take a look at my research, and receive everything I've
mentioned here, at absolutely no risk or obligation.
Simply let me know you'd like to take a trial subscription to my monthly newsletter,
called Stansberry's Investment Advisory, and I will immediately rush you:
Research Report #1: The 4 Investment Assets You Do NOT
Have to Report to the U.S. Government
Research Report #2: The Gold Investor's Bible
Research Report #3: Secrets of the Silver Market
Research Report #4: The Stock Quitter's Secret The Easiest
Way in the Markets to Make 100%
Research Report #5: The World's Most Valuable Asset in a
Time of Crises
Also, on the first Friday of each month, I'll send you my monthly newsletter,
Stansberry's Investment Advisory. I'll keep you up to date on exactly what's going
on regarding this financial crisis, and I'll show you some unusual and incredible
ways to make money now and as it begins to unfold.
We have found some great ways to make a fortune as the government continues to
try to bail out one failing industry after another.
I'll also keep you up to date on what I am doing to protect myself. I'll make sure you
stay abreast of changes to the laws and government interventions.
And... every day the markets are open, I'll send you my paid-subscribers-only e-mail
called the Stansberry & Associates Digest.
In short, I report on all the work my firm is doing... the most interesting investment
ideas... what we're researching now... and what we expect to happen in the months to
come.
So how much does my work cost... and how can you get started?
Well, a one-year subscription, including everything I mentioned here, normally costs
$99 per year that's what many others have paid.
But right now, you can try my research, for HALF-OFF the normal rate. You'll pay
just $49.50 for an entire year.
Why so cheap?
Well, to be honest, our business really only works if our subscribers stick with us for
the long-term. But we realize you've got to try our work first, to see if it's right for
you.
And that's why, through this letter, we're making it so cheap, and essentially risk-free
to try. What I mean is, you'll have the next four months to take a look at the Research
Reports I've just described, plus the next four issues of my newsletter... and the next
four months of my daily Digest reports.
If you decide for any reason my work is not right for you, just let us know and you
can receive a full refund... and keep everything you've received so far.
In other words, by taking me up on this offer, you are agreeing only to TRY my work
to see if you like it.
I hope you'll consider this offer seriously. I know in my heart it will be one of the best
financial moves you ever make.
To get started, simply click on the link below, which will take you to a secure order
form. Your order will be processed immediately, and you'll have access to all of my
work in a matter of minutes.
Sincerely,
Porter Stansberry
Founder, Stansberry & Associates Investment Research
December 2010
Subscribe Now
LEGAL DISCLAIMER: This work is based on SEC filings, current events, interviews, corporate press releases, and what
we've learned as financial journalists. It may contain errors and you shouldn't make any investment decision based
solely on what you read here. It's your money and your responsibility. Stansberry & Associates Investment Research
expressly forbids its writers from having a financial interest in any security they recommend to our subscribers. And all
Stansberry & Associates Investment Research (and affiliated companies), employees, and agents must wait 24 hours
after an initial trade recommendation is published on the Internet, or 72 hours after a direct mail publication is sent,
before acting on that recommendation.
Stansberry & Associates Investment Research, LLC. 1217 Saint Paul Street, Baltimore MD 21202
Privacy Policy