November 7, 2013 · 0 Comments
He compares the denial of the reality to the times when Holocaust was approaching and hundreds thousands of Jews failed to recognize the facts surrounding them – a must read, though it’s a commercial content.
Check out this audio, or just read:
http://pro.stansberryresearch.com
New Jersey Governor Chris Christie, confirmed that this problem is going on all over the country… He told 60 Minutes…
“We spent too much on everything. We spent too much. We spent money we didn’t have. We borrowed money just crazily. The credit cards maxed out, and it’s over. It’s over.” |
That’s why Christie and other governors around the country are now introducing bills to slash pension benefits to government employees. As laughable as these steps are, at least they are taking steps in the right direction—making drastic and dramatic changes to save money.
And although it’s gone almost completely unreported in the mainstream press, six U.S. communities were actually forced to declare bankruptcy in 2010… and there were a slew of new municipal bankruptcies in 2011 as well, including Jefferson County, Alabama, which at the time was the largest municipal bankruptcy in U.S. history.
Of course, that was topped in 2012, when three California municipalities declared bankruptcy in a matter of weeks, including the new “largest municipal bankruptcy in U.S. history”… Stockton, a city of 290,000 people east of San Francisco.
And keep this in mind: Only about half the states in the country (27 in all) allow municipalities to declare bankruptcy. If it were allowed everywhere, I’m sure we’d see twice as many bankruptcies as we’re seeing today.
But for most places where bankruptcy is not allowed… they just keep kicking the can down the road, rather than address the real problems.
In Baltimore, for example, where my firm’s offices are headquartered, the city can’t legally declare bankruptcy. But that doesn’t mean they aren’t essentially bankrupt.
An independent audit solicited by the mayor recently shows the city will be $2 billion short of the money they need over the next decade. In other words, as one of local news station reported: the “City of Baltimore is on a path to financial ruin.”
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 to remember: 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.
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 you do.
But first, let me show you what exactly is going on right now…
But I am here to tell you… this is the biggest problem our country now faces, and it is clearly underway.
With the rising level of U.S. debt, many countries around the world are questioning the position of the U.S. dollar as the reserve currency. They want to diversify out of the U.S. dollar, as quickly as possible.
The latest sign of a move away from the dollar as a reserve currency is that China and South Korea recently came to an agreement that allows firms to settle deals in either the Chinese yuan or the South Korea won instead of the U.S. dollar. “The agreement is part of a push among emerging countries to internationalize local currencies after the global financial crisis,” reports Bloomberg.
Alan Wheatley, a global economics correspondent for Reuters recently wrote:
“Fed up with what it sees as Washington’s malign neglect of the dollar, China is busily promoting the cross-border use of its own currency, the yuan. |
“Displacing the dollar, Beijing says, will reduce volatility in oil and commodity prices and belatedly erode the ‘exorbitant privilege’ the United States enjoys as the issuer of the reserve currency at the heart of a post-war international financial architecture it now sees as hopelessly outmoded.”In fact, in the past couple years, China has signed international currency agreements with Germany, Brazil, Russia, Australia, Japan, Chile, the United Arab Emirates, India and South Africa.
Japan and India also recently signed a currency deal linking their currencies closer together, and lessening their dependency on U.S. dollars.
These agreements are part of a trend that started a few years ago, when a group of the world’s most powerful countries, including China, Japan, Russia, and France, got together for a secret meeting – WITHOUT the United States being present or even knowing about the meeting.
Veteran Middle East reporter Robert Fisk reported on this event in Britain’s newspaper, The Independent. Here’s what he wrote:
“In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealing for oil, moving instead to a basket of currencies including the Japanese Yen, Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.” |
Fisk also interviewed a Chinese banker who said:
“These plans will change the face of international financial transactions. America… must be very worried. You will know how worried by the thunder of denials this news will generate.” |
And sure enough, after Fisk published the details of this secret meeting, U.S. officials and central bankers from around the globe denied these plans.
But as the old central banking adage goes… how do you know exactly when a currency will be devalued?
The answer is: Right AFTER the head of the central bank goes on television to adamantly deny that any such transaction will occur. (And guess who subsequently released a public statement about how the U.S. will “not devalue its currency”? Yes, you guessed it… U.S. Treasury Secretary Tim Geithner.) |
You see, the last thing a central banker wants to do in the midst of a devaluation is to give people a warning BEFORE he can devalue. So they have to deny, deny, deny. After the announcement is made, it’s too late for citizens and investors to get out.
Then, not too long after this secret meeting was held, the International Monetary Fund (IMF) issued a report on a possible replacement for the dollar as the world’s reserve currency.
I’m sure you recognize the significance of this event. The IMF, which is headquartered in Washington, D.C., is the intergovernmental organization that oversees the global financial system. They are THE most influential financial organization in the world economy.
The IMF has proposed replacing the U.S. dollar with something called “Special Drawing Rights,” or SDRs. SDRs represent potential claims on the currencies of IMF members.
SDRs were created by the IMF in 1969 and can be converted into any currency, based on a weighted basket of international currencies. When the IMF lends money, it typically does so via SDRs.
The IMF also proposed creating SDR-denominated bonds, which could reduce central banks’ dependence on U.S. Treasury Bonds.
The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.
This is a HUGE and important step to replace the U.S. dollar as the world’s reserve currency. I’m telling you… it’s coming… and it’s coming much sooner than most Americans expect.
Most Americans simply aren’t aware of what’s being done and said around the world. For example, regarding the world’s reserve currency, China issued a report through their state news agency, Xinhua, stating:
“International supervision over the issue of U.S. dollars should be introduced and a new, stable and secured global reserve currency may also be an option to avert a catastrophe caused by any single country.” |
It’s just another sign of this inevitable event—the end of the U.S. dollar as the world’s reserve currency.
Any government or investor with any sense is looking to get out of the U.S. dollar as quickly and safely as possible…
China and Russia, for example, took one of their first big steps to replace the U.S. dollar back in 2010…
China Daily reported…
“The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.” |
To settle their ordinary trading of about $50 billion per year, they no longer first convert to U.S. dollars.
Since then, China has reached agreements with many other countries, as I mentioned earlier. Remember, they’ve already signed international currency agreements with Germany, Brazil, Russia, Australia, Japan, Chile, the United Arab Emirates, India and South Africa.
What does this mean?
Well, it used to be that China had to obtain dollars to buy gas supplies from, say, Russia. But not anymore. And Russia no longer needs U.S. dollars to buy stuff from the Chinese.
And this brings us to one of the biggest and most important facts regarding the U.S. dollar.
As the dollar loses its place as the world’s reserve currency, foreign countries will no longer need to maintain large holdings of dollars. This means we will no longer be able to print as much money as we want — because there will be fewer and fewer people willing to loan us large amounts of money.
This move between China and other countries around the world would have been unthinkable 10 years ago, but today it is the new reality.
As I am sure you are aware, for years the U.S. dollar has been accepted almost universally around the globe.
Heck, many times when I’ve traveled, I never even bothered to convert to the local currency, because I knew everyone would take my dollars.
Well, that’s simply not the case anymore…
In India, the country’s tourism minister said 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.
China is moving in the same direction. The New York Times reports…
“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.
And 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.
The guys at the Mercantile Exchange obviously see the writing on the wall.
Again, 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.
Just look at the actions taken by smart investors…
Bill Gross, who probably knows as much about currencies and debt as anyone in the world, runs the world’s biggest bond fund. He was quoted by Bloomberg not too long ago, saying:
“We’ve told all of our clients that if you only had one idea, one investment, it would be to buy an investment in a non-dollar currency. That should be on top of the list.” |
Jim Rogers, one of the world’s most successful multi-millionaire investors writes:
“The dollar is not just in decline; it’s a mess. If something isn’t done soon, I believe the dollar could lose its status as the world’s reserve currency and medium of exchange, something that would lead to a huge decline in the standard of living for U.S. citizens like nothing we’ve seen in nearly a century.” |
I know… you probably still don’t believe we can have a complete currency collapse here in the United States. But think about it…
Are we as Americans really immune to the laws of economics and finance?
I don’t think so. And I’m not the only one saying this…
The dollar’s days as reserve currency are numbered,” reports the Financial Times.
And the Wall Street Journal recently ran a headline saying: “Dollar’s Reign as World’s Main Reserve Currency is Near an End.”
I’m sure I don’t have to tell you that the Financial Times and the Wall Street Journal are probably the two most respected financial newspapers in the world.
They too see the writing on the wall.
It’s obvious to anyone who has studied any economic history.
In every instance, throughout history, where a government has tried to inflate its debts away, it has ended in disaster.
Believe me… it will happen here too.
As Jim Rogers says:
“History teaches us that such imprudent monetary and fiscal behavior has always led to economic disaster.” |
This is why World Bank president, Robert B. Zoellick, in a speech at the School for Advanced International Studies at Johns Hopkins University, recently said:
“The United States would be mistaken to take for granted the dollar’s place as the world’s predominant reserve currency. Looking forward, there will increasingly be other options to the dollar.” |
And this is why the International Monetary Fund (IMF) recently published a paper calling for a new global world currency.
This is why big U.S. companies like McDonald’s and Caterpillar have begun introducing what are called “dim-sum bonds.” These are securities denominated in the Chinese currency (the renminbi) by non-Chinese borrowers.
In other words, two of the biggest and most successful corporations in America realize they would have an easier time raising money by offering their bonds in a currency other than the U.S. dollar!
Do you see where this is all heading?
It’s no mystery why gold and silver prices have soared since the year 2000.
Yes, gold and silver have both fallen significantly in 2013, but remember… until this year, gold went up for 12 straight years. Even after the recent pull back, gold is still up 356% since the end of the year 2000.
Again, remember… this is all a result of “capital flight.” When people no longer trust a particular currency, they look for better and safer alternatives. Over the past twelve years, gold and silver have been much safer and far more profitable then holding U.S. dollars in the bank.
Think about this…
Gold prices have gone up for 12 straight years. No other asset in the world, as far as I know, has had a run like this in recent history. And why, exactly is gold going up?
The #1 reason is because savvy investors around the globe realize the U.S. dollar is no longer a safe store of value.
The point is, it’s not a matter of “if” the U.S. dollar will lose its status as the world’s reserve currency… it’s a process that is already underway. And if, over the next few years, you ignore these basic facts, these basic laws of finance and economics, it will simply destroy you.
Investors, foreign governments, and large corporations 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.
The good news (at least for those of us who take the time to prepare), is that no matter what happens, I’ve found several ways for you to protect your savings – and you could even make three to five 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…
In the world of psychology, they call this the “normalcy bias.”
You see, the normalcy bias actually refers to our natural reactions when facing a crisis.
The normalcy bias causes smart people to underestimate the possibility of a disaster and its effects.
In short, people believe that since something has never happened 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 before.
What’s scary is 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 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 during this currency crisis.
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…
** 15% OF POPULATION ON FOODSTAMPS
Did you know that there are now more than 46 million Americans on food stamps? That’s nearly 15% of the entire population. Those numbers are up 65% since 2008 and that translates to roughly 1 in 7 Americans!
Can a country really be in good shape when 15% of the population can’t even afford to buy food?
Or how about this…
** 43% OF AMERICAN FAMILIES ARE ESSENTIALLY BROKE
According to a recent article on MSN Money, about 43% of American families spend more than they earn each year.
Look at this chart… it’s unbelievable:
It’s no wonder… The U.S. Census Bureau says the median household income in America is actually 8.9% LOWER today than it was in 1999.
So how in the world can we possibly “spend” our way out of the current crisis?
We certainly can’t do it with savings… or increased earnings… the only answer is to print more money, which will hasten the fall of the U.S. dollar as the world’s reserve currency. And that brings me to…
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 unemployment benefits expire, people are no longer counted… and the unemployment rate actually falls! Ridiculous… I know.
And how about this…
Every month, 14 million Americans get a “disability” check from the government. In some states, like West Virginia, nearly 10% of the entire working age population is on disability.
In some rural counties, like Hale County, Alabama, 25% of the working age population gets a disability check. Of course, because these folks aren’t officially in the job market, they don’t count in the government’s “official” unemployment numbers.
In other words, reality is, the true unemployment rate is much, much higher than what the government is reporting.
In fact, an article in Forbes in mid-2013 suggested that the true unemployment rate in America is about 14.3%, meaning 1 in 7 of all potential full-time employees are not able to earn a living wage to support themselves.
In November of 2012, 3,000 people in Chicago stood in line for as long as four hours to apply for one of the 55 city jobs on offer.
And American Airlines recently announced it was hiring 1,500 new flight attendants – jobs that pay an average $23,000 per year. Twenty thousand applicants responded — so many that American stopped taking resumes after eight days.
The point is, our country is not growing jobs, because the government is making it harder and harder for businesses to thrive. And 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 recently:
Intel CEO Paul Otellini said in a 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 saying:
“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 the United States has overtaken Japan and now has THE highest corporate tax rate in the developed 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, ExxonMobil, 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. And think about this… can you really have any AAA- rated companies in a country where the government is not AAA-rated?
I don’t have the answer for that, and so far, these companies have not been downgraded along with the U.S. government.
But remember, most of their assets are in U.S. dollars, so it could soon mean big problems for these companies as well, even though they’ve been as conservative and responsible as possible with their finances. That’s the thing you need to remember.
It doesn’t matter if you personally have a good credit rating, or very little debt. When the U.S. dollar goes down as the world’s reserve currency, it’s going to have disastrous effects for EVERY American and for nearly every asset in America. You simply must take some simple steps to protect yourself as much as possible.
This currency crisis is going to get much, much worse. It’s going to make the mortgage crisis of 2008 look like a walk in the park.
Almost every state in the country is on the verge of bankruptcy. The federal government has 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 now Obama in his 2nd term has already raised taxes beginning this year. I’m sure we’ll see tax hike proposals in the years to come too.
Plus 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, I can’t believe people can deny this reality with a straight face.
And I think that’s part of the problem…
Today it’s not uncommon to find editorials in some of the most respected publications, like the New York Times, stating that it’s impossible for the U.S. to have a debt crisis.
But I promise you, the people making such idiotic claims today are going to be humiliated when this all unfolds. They’ll be just like the guys pumping internet stocks in 1999… or the guys saying “real estate could never go down” in 2005.
In hindsight, it will all appear to be so obvious—yet today for most people the idea of the U.S. dollar collapsing is still an unfathomable event.
And if you still have your own doubts that this could really occur, just take another look at the price of gold and silver compared to the U.S. dollar over the past decade.
The only reason people buy precious metals like gold and silver is because they realize there are major problems with saving money in ordinary currencies. And since 2000, gold is up more than 300%… while silver is up around 250%.
Yes, gold and silver have fallen back significantly in 2013. But this is natural, normal correction after such astonishing moves over the past dozen years.
And I promise you this, both gold and silver are going much, much higher than their highs of recent years, and much, much higher than their current prices today.
Anyone with any sense or basic understanding of economics can tell the U.S. dollar is doomed. And as it continues to collapse, it’s going to have major repercussions. Yet most Americans are completely clueless about what this all means.
In fact, do this at the next party you attend…
Ask a group of people their thoughts on the U.S. dollar losing its position as the world’s reserve currency. I know for a fact people will look at you like you’re speaking complete gibberish.
But the dollar will lose its position as the world’s reserve currency—I guarantee it.
And like I said, it’s all going to happen much sooner than most people think. In fact, it’s already underway.
So, what can you do?
Well, I’ve done a lot of research on this development, and have found 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…
And here’s something I want you to keep in mind: Right now, all of these moves are easy and fairly straightforward to implement. But if you wait to do these things, I believe 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 about this whole thing… if we don’t have a currency crisis at all in the next few years… 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 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)s 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 recently met 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 will simply 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 give you access to 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 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.
And after 12 years of going straight up, gold is finally having a correction. This is completely normal. And it’s going to give you a great opportunity to buy gold at prices not seen in years.
Believe me, when the U.S. dollar loses its status as the world’s reserve currency, this early run and the current correction are going to be mere afterthoughts.
I will be surprised if gold does not reach $5,000 an ounce 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.
Even Bill Gross, the “bond king,” who is one of the richest men in the world and over the past 20 years has become one of the world’s top bond experts, is now recommending buying gold.
And I think you are crazy to not do the same.
How should you do it?
There are many, many options. And that’s why my research firm has recently published a great report, called The Gold Investor’s Manual, which details all of the best ways to own and hold gold bullion.
In this report, we reveal dozens of secrets about the gold industry… specifically the best ways to buy, sell, and store your gold. It explains why 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 give you instant access to 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 silver-to-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.
It’s not, of course. Today, silver is selling for more than 50-times the price of gold.
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 of (16to 1) 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.
I believe the gold to silver ratio will get much closer to 16 to 1 in the next few years. As a result, silver owners will make a heck of a lot of money.
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 over 800% if you invest at today’s prices.
Plus, most people don’t know this, but silver has soared higher than gold over the past decade… from the middle of 2003 to today. While gold is up more than 250% during this time, silver is up nearly 330% during the same period.
In short, silver is the best hedge against a money crisis. And you want to own as much as possible, as cheaply as possible.
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 give you access to 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 third financial step I recommend you take right now:
STEP #3: LEARN THE 100% 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 an approach that could enable you to safely extract gains of exactly 100% from the market… without ever owning or touching a stock.
Keep in mind: this strategy can play out in two very different ways.
Though you’ll always be able to keep the initial cash you extract from the market, there is a chance you will be required to purchase the underlying stock, at a price less favorable than its current market value.
So please understand, there is risk involved with this strategy, and it probably won’t be right for everyone.
But this can be such a sound market strategy, especially in times of financial uncertainty, that once you learn how it works, you might decide to never invest the old-fashioned way again.
That’s why I call this the 100% Secret.
For example, look at how it has worked for a few of the folks I taught this secret to in recent years…
Peter K. of Boise, ID began using this strategy. He says he now makes an average of $10,000 per month.
And Randy B. of Annapolis, MD told me he’s made over $87,500 with this technique.
Bernard H. of Carmel, IN, now collects an average of $100 a day.
Another, Harold W. of New Brunswick, NJ, has made over $20,000.
Tim H. from Sacramento probably put it best when he wrote me and said: “This has saved my portfolio.”
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 technique 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 a safe strategy.
Everything you need to know is in my new report called: The 100% Secret – The Easiest Way to Make Money When Stocks are Risky.
I’ll explain exactly how this investment strategy works so you can decide if it’s something that might be right for you. And I’ll show you how you could begin to take advantage of it, starting immediately.
Believe me, this is something you want to learn about now. Because as the stock market begins to unravel, this incredible technique will likely get more and more lucrative.
And that brings me to:
STEP #4: MAKE SURE YOU OWN THE ONE ASSET THAT CAN HELP SAVE YOU AND YOUR FAMILY, NO MATTER HOW BAD THINGS GET. |
There’s no telling exactly how bad things are going to get as this crisis unfolds.
I firmly believe there could be riots, marches in the streets, bank runs, massive arrests, and periods of uncontrollable mayhem… at least for several months as things begin to unravel.
But the good news is, there is one asset you can own (now widely available in America), which should help protect you and your family from this chaos… and could also likely make you a fortune in the years to come.
I’m not talking about guns or bonds or gold or other precious metals… or anything like that. And of course this has absolutely nothing to do with the stock market.
What I’m talking about is a very powerful asset that wealthy families have used for centuries to protect themselves… and preserve and build their fortunes.
An index tracking this asset has absolutely crushed the stock market. Since 1992, it’s returned well over 900% gains.
Best of all, it provided these gains with almost no volatility. Just look at the chart below.
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 the details on everything you need to know. My full report is called: The World’s Most Valuable Asset in a Time of Crisis.
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 100 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 T. 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 K., 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).
“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 D., 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 crisis escalates.
People have watched the stock market rebound to the same levels it fell from in 2008 and 2009. They’ve watched real estate prices start to creep back up. And they mistakenly think the worst is behind us… when in reality all that’s been done is to pile on more debt.
We’ve basically “papered over” our debt problems with more debt.
Can you imagine if your family was in debt and you decided to solve the problem by simply borrowing more and more money?
We all know that would be a disaster for a family—yet many supposedly smart people think it could actually work for a country.
The sad truth is, it can work only as long as the rest of the world is willing to accumulate more and more U.S. dollars… and only as long as the U.S. dollar remains the world’s reserve currency.
As we’ve seen, on both counts, those days are very quickly coming to an end.
Even with all that has happened in recent times… the downgrade of the U.S. government by Standard & Poor’s… the spike in gold and silver prices… the calls for a new world currency… many Americans STILL aren’t taking the steps necessary to prepare themselves. These folks are going to be in for a very rude awakening.
I sincerely hope you are not one of them.
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 these once-in-a-lifetime events.
Remember… The government is not going to save you:
Think about this: If the government couldn’t rescue one small city after a natural disaster in New Orleans, how is it going to save all of us when the entire country is in a crisis?
You can either let things happen to you… or you can take a few simple steps and take charge of your family’s fate.
You know, it’s funny, when we began writing about the looming collapse of the bond market and the risks to the U.S. dollar, a lot of people called us “right-wing nut jobs” or “gold bugs.”
But that was when silver was still trading for less than $20. And when gold was under $1,000. That was before food prices soared.
It was before the Fed began to print trillions of new dollars every year and before Standard & Poor’s downgraded our country’s credit rating. That was before folks realized most of the states are going bankrupt… before they saw that even doubling taxes wouldn’t end our annual deficit… and before Barack Obama essentially DOUBLED our net public debt.
We knew all of these things were going to happen… even though it was hard to believe our own conclusions.
And, we know all of these problems are going to get worse. Much, much worse.
The fact is, we can’t afford our debts. We can’t stop printing money. And as a result, we’re going to see a massive dollar crisis.
The only question is…
I hope you will act now.
When the coming currency crisis hits a critical state, it will happen very, very quickly. If our government suddenly finds itself unable to sell bonds at a reasonable price, the U.S. dollar will collapse and become near worthless, overnight.
It’s sad, but most people—even smart and successful people—will do nothing. They will continue to assume tomorrow is going to be pretty much the same as today. Mark my words: As this currency crisis snowballs, these people are going to get wiped out.
Please, don’t let that happen to you and your family.
You can give my research a look, 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, Stansberry’s Investment Advisory, and I will immediately give you access to:
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 Manual
Research Report #3: Secrets of the Silver Market
Research Report #4: The 100% Secret – The Easiest Way to Make Money in a Risky Stock Market
Research Report #5: The World’s Most Valuable Asset in a Time of Crisis
Also, on the second 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 the currency collapse continues 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 email 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 $149 per year – that’s what many others have paid.
But right now, you can try my research, for less than HALF the normal rate. You’ll pay just $49.50 for an entire year. That’s a 66% discount.
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 within the first 4 months that 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.
Please take the simple steps necessary to protect yourself and your family.
** At the very least, start a subscription to my work, which gives you immediate access to all of the valuable reports you need to see. Print them out or save them to your computer so you have them forever. |
Then, take four months to check out my research. If you decide it doesn’t make sense for you for any reason, just call my customer service group located in my Baltimore office. We’ve got a toll-free telephone line, and you can request a full refund for the money you paid, in a matter of minutes.
And even if you decide AFTER four months that my work is not for you, no problem. You can still get a prorated refund for any time remaining on your subscription.
The point is: Maybe you want to read my work over the next year… and maybe not… but at the very least, take advantage of this free trial so you can understand what’s going on and how to protect yourself.
I hope you’ll take the simple next step and read the reports my team and I have spent an incredible amount of time and money preparing. I know in my heart it will be one of the best financial moves you ever make. And I want you to remember one more important point:
All of the steps I am recommending are simple, cheap, and easy… at least for now.
But as you certainly know from your own experience, “storm insurance” and provisions get much more expensive, and even impossible to buy, as a storm approaches.
Think about what happens every time there’s a hurricane or snowstorm. As the storm nears, it becomes impossible to buy batteries, water, or a generator, anywhere within 150 miles of where the storm is likely to hit.
Well, it’s the same with safeguarding your money today.
The same thing will happen with the steps I’m recommending you take now.
Few people are thinking about these financial moves today, so they are still simple and easy to execute. But as the coming financial storm nears, and more people clamor to save themselves, these moves will become extremely expensive, and even impossible, to make.
You want to take action now.
Because the thing to remember about a currency collapse is that it happens gradually… gradually… gradually… and then very suddenly.
Americans and foreign investors are clearly losing faith in the U.S. dollar. Over the past few years, it has been a progressive and steady decline. But when the final collapse occurs, there will be no announcement. There will be no warning. It will be devastating and swift.
Whether you decide to read my research or not, please do the smart and prudent thing: take the necessary actions now to protect yourself and your family.
To get started, simply click on the SUBSCRIBE NOW 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.
One more thing you might want to know: As I mentioned earlier, we have hundreds of thousands of customers all across the globe.
We have grown to be the biggest research organization of our kind in the world… and we have an A+ rating with the leading online reputation management website. You can’t reach an A+ status without lots and lots of happy customers.
Plus, we also have earned something else no rating agency can ever bestow…
To date, we have had more than 35,000 subscribers from around the globe tell us they like our work so much, they want to receive it for “Life”… the rest of their lives. In my mind this is the absolute strongest endorsement we can ever receive, because it comes directly from the people who know us best, our customers.
Of course, I’m not asking you to make any big commitment. All I want you to do is take a few minutes to sign up for a no-risk trial subscription. Take an immediate look at all the Research Reports I’ve described.
All this information is yours to keep, whether you choose to continue reading my work or not. You’re not risking even a penny to check everything out.
Get started now by clicking the “Subscribe Now” link below. This will take you to a secure order form, where you’ll have the chance to review everything before submitting your order.
Sincerely,
Porter Stansberry
Founder, Stansberry & Associates Investment Research
July 2013
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 |
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