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Business/Finance See other Business/Finance Articles Title: America's gold "gone" - replaced by debt After sifting and sorting through hundreds of financial documents – from archives spanning 22-years – I uncovered what must be one of the best-disguised paper trails in accounting history... Inside it lays evidence of a perverse trading trend which exposes a political scandal of such magnitude – it promises to dwarf all those that came before it. And not just in economic terms but in ethical terms too. It’s the State’s deepest, darkest secret: the $54 trillion skeleton in Obama’s closet. But it’s about to come to light…with strikingly devastating consequences for America… And I’m not the only one who thinks so. Others have come to similar conclusions… and not just any old others…important others…including some of the most highly-respected names in finance like Bill Gross (PIMCO’s legendary bond investor) and Alan Greenspan (who was arguably one of the most famous Central Bankers of all time!). In fact, Greenspan cottoned onto this perverse trading trend early on in his career as Chairman of the Fed. But when he questioned the powers that be about it, his peculiar line of enquiry was quickly shut down. But now a major announcement from Wall Street’s biggest new power player is about to expose it. This Game-Changing Announcement is Due Any Day Now It’s the event that the investment markets wait for with perhaps greater anticipation than any other… But it only comes along once every five years… And it has done so almost regularly now for decades. And in this time its “Announcer” has grown ever more important, and ever more relevant to global markets… Today, it is (hands down) the single biggest trader to ever grace the global stage… It is bigger than Soros…bigger than Blackrock…even bigger than Berkshire! And its financial decisions can move markets and mountains instantly… The last time this trader made an announcement like this was on April 24th, 2009… And the uncomfortable truths revealed in it also shocked the world…and sent shivers down Central Bankers’ spines… Not only did it reveal this player’s fast-growing financial power, but it gave away unsettling clues as to its investment plan going forward…a plan that was distinctly Un-American… And while that historic address left a deep and lasting impact on financial markets, it will be nothing in comparison to the impact that will be left by the one that is yet to come… I’ll tell you all about this announcement in a moment, and I’ll tell you why I believe it will expose evidence of a grand swindle that will result in the biggest wealth transfer in the history of our nation. For those of us who start preparing now, this will be the opportunity of a life-time. In a minute, I will show you exactly all the steps you need to take to put yourself on the right side of this wealth transfer. I’ll also share with you - so you can be among the first to see - with your own eyes - the actual documentary evidence that exposes this major cover up… But before I do, let me first introduce myself. My name is Jeff Opdyke. I am the executive editor of The Sovereign Investor. We were one of the first financial research groups to warn investors about the dangers in the derivatives market, and the threat they posed to the global financial system. Many economic experts claimed the 2008 financial crisis was unpredictable – that it was a Black Swan event no one could expect. Yet, in 2005 we mailed a report to our subscribers and to influential decision makers in the U.S. on this very crisis. We published this report long before the word “derivatives” ever hit the front pages. And it predicted with uncanny accuracy the global financial meltdown. We also warned our readers on the dollar crisis of 2004 and 2005 ... the meltdown in the private equity markets in 2007 ... the collapse of Lehman Brothers in 2008… and the European debt crisis. And now I’m here to warn you of another looming crisis…one that could soon trump them all. I’ve already taken some drastic steps to prepare for this event. Because I know once the mainstream media starts reporting on this, it will be far too late for anyone to act. And I hope you will do the same. I hope you will act to protect your family and your wealth from the coming upheaval. That’s why I’ve created this presentation. To show you exactly what steps you can take today to protect your family, and to show you which investments will be on the winning side of what I believe will be the biggest wealth transfer in the history of our nation. But before I do that, let me first tell you why I believe this political event will topple one of the greatest pillars upon which our American empire was built. I’m talking about trust… Trust in the U.S. government and its institutions America is About to Lose its Most Valuable Asset In recent years many analysts have predicted that America’s out-of-control debt would destroy our country. And yet, our economy seems to be doing ok. Why? Why hasn’t this ticking time bomb exploded? It all comes down to one seemingly simple, but very important concept: Trust. We all know that trust is the most important glue in any relationship, either in business or in our personal lives. This is also true in our global financial system. Most of us take this for granted, but trust in the U.S. government is a big reason why America has become such a dominant force over the past century. It’s because of trust in our government that the U.S. has been able to borrow at the lowest interest rates available in the world for years. Even in 2008, in the midst of the worst financial crisis in 80 years, our federal government was able to borrow vast sums of money at an interest rate close to 1%. It was trust that allowed our government to bailout major banks and prevent the collapse of our financial system. And it’s that trust that has allowed our government to get away with a spending spree of historic proportions… for far longer than anyone might reasonably expect. But the government isn’t the only one that benefits from this trust. We all do. Because of widespread trust in our currency across the globe, we pay a relatively low price for food, energy, clothing, electronics and other products. Since our currency is accepted everywhere around the world, we can pay for all of our imports in dollars. We’ve been able to buy everything we need with paper money that we can print willy-nilly. In other words, America has been able to exchange paper dollars that are produced at almost no cost for valuable goods. So, trust in America has made it easier for us to import more than we export, to consume more than we produce, and to spend more than we earn. It’s a huge benefit that has allowed us to live in McMansions, drive luxury cars, pay far cheaper gasoline prices, buy 3D HDTVs, load our pantries with cheap food, and so much more. Trust in the U.S. government and its institutions, it turns out, has given us the greatest standard of living the world has ever seen… it’s what has made the American dream possible. If this trust is shattered, however… well, our way of life is over. I recently talked about this with my friend and legendary investor Jim Rogers. His take is that once trust in America is broken, it will “lead to a huge decline in the standard of living of U.S. citizens like nothing we’ve seen in nearly a century.” Unfortunately, that’s exactly what will happen once the public finds out the details inside this little-known government document… Details that reveal… “The Biggest Cover-up in U.S. Financial History” documentMost Americans have never heard about this document. But it hides undeniable evidence of a major cover-up. Every month, the U.S. Commerce Department’s Bureau of Economic Analysis publishes this document called FT-900. It shows official U.S. international trade data. … everything from how much barley we exported to how much glassware we imported. But it’s the section labeled Miscellaneous Commodities that holds my interest. It’s there that you find a category called Gold. This line basically reveals how much gold the U.S. has been exporting and importing. For example, in 2012, the U.S. exported about $24 billion worth of gold and imported $11.2 billion. On a net basis, that means we exported $12.8 billion worth of gold last year. Based on the average price of gold during 2012, our country exported about 217 tons of gold on a net basis. How about this year? Well, year to date, America has exported a bit more than $26 billion worth of gold and imported almost $11 billion. This means that, on a net basis, we’ve exported $15.4 billion worth of gold. Based on this year’s average price of gold so far, we’ve exported just over 300 tons of gold. It was surprising to see that America was exporting so much gold. So I decided to investigate how far back in time this gold-export trend extended. The results were so shocking that it took me a moment to wrap my head around it. I knew I had uncovered something big. Here’s what I found out: Since 1991, the U.S. has been consistently exporting large quantities of gold on a net basis. And the amount of gold the U.S. has exported is well above and beyond what the US should be capable of exporting. Let me show you what I mean… Using data from the Gold Fields Mineral Services, the US Census Bureau, the US Mint and Bloomberg, I was able to determine the U.S. total demand and supply of gold during those 20 years. During that time, the U.S. had a total amount of 7,532 tons of gold available for consumption… but the U.S. consumed 7,605 tons. So, we consumed more than we had available to us. That implies we should have been a net importer of gold. But oddly enough, we were not. In fact, we exported a massive 5,504 tons . How could we have possibly exported more than 5,500 tons of gold after we had already consumed all the gold we had available, plus a little more? The math makes no sense. Where is all that gold we exported coming from? It had to come from somewhere. That’s how I reached this shocking conclusion: There’s an unexplained supply gap of 5,577 tons of gold. And there’s only one institution in the U.S. capable of secretly supplying such large amount of gold: the Federal Reserve. And I’m not the only one who has now figured this out. Canadian billionaire Eric Sprott, founder of Sprott Asset Management, says: “The only US seller that would be capable of supplying such an astonishing amount is the US Government, with a reported gold holding of 8,133 tonnes.” Bill Gross, founder of Pimco, the world’s largest bond fund, calls this scandal “the Fort Knox Fairy Tale”, referring to the Army base where the gold is supposedly being held. Here’s what he said recently: “$54 trillion of credit in the U.S. financial system based upon trusting a central bank with nothing in the vault to back it up. Amazing!” These are not some wackos who believe in crazy conspiracy theories. They’re highly respected professionals who have made hundreds of millions in the financial markets. And like me, they know the jig is up. Still, I know some people will find it hard to believe our government would sell off our gold. But the truth is this has happened before. Take a look at this chart. It shows the official reserves reported by the U.S. government. Notice that America accumulated a massive amount of gold during World Wars I and II. At one point, in the 1950s, the U.S. had 20,500 tons. At that time, this represented HALF of all gold ever mined. It was the largest accumulation of wealth the world had ever seen. This shocking concentration of wealth was a hallmark of the all-powerful and wealthy America other nations envied. But in the last four decades our government squandered all that wealth. In the late 1950s, the U.S. government started selling most of our gold to various European nations. From 1957 to 1972, our holdings went from 20,500 tons to 8,500, a decline of almost 60%. Since the late 1970s, America’s officially reported gold reserves have remained at a constant 8,133 tons. So, according to the Fed, the U.S. Treasury has not bought or sold a single ounce of gold for more than three decades. How is that possible? The government’s own documents – the FT-900 reports – show the U.S. has been exporting massive amounts of gold over the last 20 years. Yet the Fed has been telling us for more than 30 years that America’s gold reserves have never changed. Again, the math simply doesn’t add up. Fort Knox is still viewed by many as a golden beacon of global finance… a symbol of the American empire’s super power status and strength. It’s the world's most secure vault... made of a 21-inch-thick material that's resistant to drills, torches and explosives. It’s contained on a 109,000-acre U.S. army post, surrounded by video cameras, minefields, barbed wire, electric fences, and armed guards. But this is all a big smokescreen. This last remaining symbol of American financial might is about to be exposed as nothing more than a monetary mirage. The FT-900 document suggests the vaults are empty. But I understand why the Fed keeps reporting that it holds 8,133 tons. The Fed knows that if it disclosed most of our gold is gone, it would lead to a major crisis of confidence in the dollar and U.S. government bonds. Think about this for a minute…if America’s gold reserves are a lie, then what else has been distorted, and where, if anywhere, is the truth? The “full faith and credit of the U.S. government” would become worthless overnight. And that would lead to a collapse of our economy and our way of life. We would reach the tipping point, where faith in America’s finances and confidence in its government are lost. Even the Treasury Department has just published a new report admitting that this kind of loss of confidence would have disastrous consequences for our nation. Here’s what the report said: [It] has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse.” That explains why the Fed doesn’t want anyone to know our gold is gone. But they won’t be able to hide this from the public for much longer. Because the truth is… the FT-900 document isn’t the only evidence I’ve uncovered that suggests the Fed has been lying about America’s gold reserves. In fact, the more I investigated this story, the more convinced I became that something shady was afoot… So let me tell you about: “The 1992 Closed-Door Fed Meeting” As the FT-900 document shows, the U.S. has been exporting massive amounts of gold for the past two decades. This is not a new phenomenon. In fact, the export numbers were already raising suspicion back in 1992. That’s when former Fed chairman Alan Greenspan raised the possibility that all the gold we’re exporting was coming from the Fed itself. Members of the Federal Reserve meet eight times per year to discuss and set interest rate policy. Those meetings are recorded and the minutes detail everything Fed board members discuss behind closed-doors. I managed to uncover the minutes of a Fed meeting from December 22, 1992. It notes a conversation between Mr. Greenspan and other members of the Fed. CHAIRMAN GREENSPAN says: Did I hear you correctly when you said that the gold exports in October appear to have come from the coffers of the Federal Reserve Bank of New York? Has anyone looked lately? MR. TRUMAN responds: Well, I didn’t want to tell too many secrets in this temple! Of course, the answer to Mr. Greenspan question is no… nobody has looked. We’ve not checked the Fed’s coffers for the last 60 years. And that brings me to… The Fed’s Constant Refusal to Audit the Vaults The only way to prove once and for all the Fed isn’t lying about America’s gold reserves is through a full independent audit. Shockingly, the last audit of gold stored in Fort Knox took place in 1953, just after U.S. President Dwight Eisenhower took office. So, there hasn’t been a comprehensive audit of Fort Knox in more than 60 years. A number of congressmen have routinely requested a Fed audit to verify the vaults in Fort Knox aren’t empty. But Fed officials have rebuffed every single request. Their response is effectively: “trust us, the gold is all there.” Three-time presidential candidate, Ron Paul, even introduced an “Audit the Fed” bill in 2011, but it never became law. His repeated calls for a full audit of the gold in Fort Knox have fallen on deaf ears. All these denials have raised quite a few eyebrows. Even a former insider at the World Bank, ex-Senior Counsel Karen Hudes, recently said: “I don’t believe there’s any gold being held in Fort Knox.” In 2011, CNBC asked for a tour of Fort Knox to film the gold. An official at the U.S. Mint rejected their request, saying “Fort Knox is a closed facility.” Even the History Channel has weighed in. In its series “America’s Book of Secrets,” the cable network reported on the possibility that the U.S. government has been lying all these years. Here’s a short clip with the introduction to their Fort Knox episode. As you can see, all the Fed’s secrecy has raised lots of suspicions. The United States could put these concerns to rest simply by auditing the gold and publicly reporting the findings. If the world’s publicly traded companies must undergo annual audits, why should the Federal government be immune? What are they hiding from us? It would be extremely easy for the government to audit the gold. According to a Treasury document, it would cost only about $15 million to conduct an audit. And yet the government has had the audacity to deny all requests for an audit because of the costs involved. That’s just ridiculous... This lack of transparency is also raising concerns among major central banks. And that brings me to another piece of evidence I want to share with you. “The German Gold is Gone” The Fed has been able to fool a lot of people so far, but some of our allies no longer trust the institution. Several foreign central banks store their gold in vaults controlled by the Fed. According to the NY Federal Reserve: “Much of the gold in the vault arrived during and after World War II as many countries wanted to store their gold reserves in a safe location.” The German Central bank, in fact, keeps 1,536 tons of its gold in storage at the Federal Reserve’s vaults in Manhattan, 80 feet below sea level. Last year, German auditors demanded to inspect their country’s gold, just to make sure it was still there. But guess what? The Fed prohibited the Germans from inspecting their own gold! Of course, that raised a lot of eyebrows in Germany, with one leading member of the parliament, Heinz-Peter Haustein, declaring: “All the gold has to be shipped back.” Meanwhile, Carl-Ludwig Thiele, a board member of the German central bank demanded “more transparency on the issue.” He never got that transparency. And the result was what you would expect – the trust the German authorities had with the Fed has quickly evaporated. Germany’s central bank, the Bundesbank, has announced it will start repatriating 300 tons of the country’s gold from the vaults in Manhattan. And get this… The Fed said it would ship those 300 tons over a period of seven years…. SEVEN years. And here's what really ridiculous: so far, one year later, the Fed has shipped only 5 tons. At that pace, it will take the Fed 60 years to return all the German gold. Why is returning just 300 tons to Germany such a problem? The repatriation of a country’s gold reserves is supposed to be a smooth and quick affair. It isn’t supposed to take seven years. But once you start putting all the pieces of the puzzle together, it’s easy to understand why… The gold isn’t there. It’s gone. As precious metals expert John Embry says, “if the gold were actually there, they could put it on a couple of cargo planes and get it back to Germany in a week.” Where Has the Gold Gone? But if America’s gold isn’t where it should be – inside the vaults controlled by the Federal Reserve – then where is it? There’s some data that shows a tremendous amount of gold has moved into other countries in the East, especially China. Take a look at this data released by the Hong Kong Census and Statistics Department. It shows that over the last couple of years alone, China has imported 2,614 tons of gold. That’s why Bloomberg recently reported: “There are signs that gold is moving from West to East.” And it’s why precious metals expert John Embry says: “Western gold is headed East and the Western hoards are being hollowed out.” Forbes also weighted in recently, and concluded that: “the yellow metal may be in a transition stage from so-called “weak hands” in the West to “strong hands” in the East.” That might very well explain why the Fed needs a ridiculously long seven years to meet the German gold repatriation request. The gold is gone. Now the Fed needs time to try to buy some of it back. The problem is the Fed has run out of time… Because China is about to make an announcement that will rock the world and help expose the Fed’s lie. Our House of Cards Will Collapse by July 2014 China tends to announce its official gold holdings every five years or so. The last time the Chinese officially announced the size of the country’s gold reserves was on April 24, 2009. The People’s Bank of China, the Chinese version of our Federal Reserve, told the world that China’s gold reserves had grown to 1,054 tons from just 600 tons five years earlier. And that’s the last official word from the Chinese. So, the market still operates under the assumption that the Chinese central bank controls 1,054 tons of gold. But it’s about time for China to make a new announcement. It could happen any time now. The People’s Bank of China, the Chinese central bank, meets every quarter to make important monetary decisions. That’s when they tend to make big announcements. The next meeting will take place on July. That’s when I think they will make an announcement that will shock the world. According to my research, China has a gold hoard of at least 5,000 tons. Jim Rickards, hedge fund manager and author of the best-selling book Currency War, has come to the same conclusion. He recently said: “China will announce that they own 5,000 tons of gold. That should be an earthquake. I have spoken to a number of sources in Asia. I've spoken to a number of people who are very close to the physical [gold] market, I've done my own investigations, etc. Every time I have an estimate and try to verify it, what I get back is that I'm wrong on the low side." A local newspaper, the Shanghai Daily, recently confirmed that “China may soon announce an increase in its official gold reserve.” And the Financial Times recently published an article saying: “We would not be surprised to hear the People's Bank of China announce a new, significantly higher figure.” This pending Chinese announcement is the last missing piece of this big Fed puzzle. Once China makes the official announcement, our allies and lenders will all know the answer to the question: What’s in Fort Knox? They will figure out most of the gold China is holding must have come from the Fed. After all, that’s what the document FT-900 implies… it shows our government has been exporting massive amounts of gold. Think about this for a minute… the Fed claims to hold the largest gold reserve in the world: 8,133 tons. But my research shows the Fed has supplied all the 5,557 tons the U.S. has exported in the last twenty years. This means the Fed now has less than 2,600 tons in reserve, and not the 8,133 tons it claims to hold. Famous investor Richard Russell, publisher of the Dow Theory Letters, recently warned: Once the news of the US gold reserves being depleted is out, this will result in an unbelievable scandal. With the Chinese announcement, the world will realize the Federal Reserve has been lying all these years. And everyone will know China's gold reserve is larger than the Fed's. I’ll also show you the best ways to make sure you end up on the right side of this transfer. But first, it’s vital you grasp this important concept... “Gold IS a Big Deal” You would think the Fed would be smart enough not to sell off America’s gold reserves. But it’s clear from recent commentary that the Fed has no interest in gold. On July 18, 2013, Fed Chairman Ben Bernanke testified to Congress that “nobody really understands gold prices, and I don't pretend to understand them either.” And when former congressman Ron Paul asked Bernanke why, then, the Fed holds gold, he said it did so only because of “tradition.” For the Fed, giving away our gold is no big deal. But I think that’s a mistake of historical proportions. Throughout history gold has always flown to where wealth was being created… from Athens to Rome to the Byzantine Empire. Our huge gold holdings after the World War II were a clear reflection of our unique economic power. Just look at what happened to Britain when it started selling off its gold… The country was on the gold standard for nearly 200 years, from 1717 until 1914. That was a prosperous period for British Empire. During that time, the country gave birth to the industrial revolution and ruled one fourth of the earth and its people. The British pound was the reserve currency of the world…and this looked like it would last forever. But Britain abandoned the gold standard in 1914 to start printing money. And it sold 30% of its gold from 1928 to 1931. That was the beginning of the end for the British pound as the world’s reserve currency. Pretty soon the country was flat broke. At one point in 1967 the British currency lost 14% of its value overnight. Inflation got out of control, reaching 27% a few years later. There were endless strikes in nearly every sector, including grave diggers, trash collectors, and hospital workers. Things got so bad at one point mothers giving birth had to bring their own linens to the hospital. In short, Britain’s whole economic system and society collapsed. And now we’re on the cusp of reliving a similar history. We’re about to learn – the hard way – what the British discovered: Empires Don’t Last Forever If the U.S. still was a manufacturing superpower… if we still had one of the fastest growing economies… if we still had a thriving middle class, we’d be fine. If our country was in great financial shape, having no gold reserves wouldn’t be a problem. But we all know that’s not the case today. Back in 1980, the U.S. national debt was less than $1 trillion. Today, it’s more than $17 trillion, which is the greatest debt in the history of the world. And this doesn’t even account for our unfunded liabilities, which our government keeps off the federal balance sheet. But Laurence Kotlikoff, a well-known Boston University economist, has estimated our total debt. Here’s what he told me recently: “I estimate the US fiscal gap at US$200 trillion. The US is arguably in worst fiscal shape than any other developed country. Six decades of “take as you go” has led us to a cliff. This is effectively a nuclear economic bomb. Our country is broke. It’s not broke in 50 years or 30 years or 10 years. It’s broke today.” Even a report from the nonpartisan Congressional Budget Office has used such language as “unsustainable” and “train wreck” to describe the future of America’s finances. So our country is not exactly a fortress of financial health. Far from it. For all practical purposes, the country’s only true collateral is its gold reserves. But most of that is now gone. And once the world discovers the truth about the Fort Knox fairytale…once it realizes our gold is gone and all we have to show for are trillions of debt that can never be repaid… Trust in U.S. bonds and the dollar will be shattered in an instant, catching millions of Americans unprepared. After that, our American psyche will never be the same again. Our nation will no longer be the world’s financial and economic powerhouse. Because, whether you realize it or not, the “the full faith and credit” of our government is really the only thing backing the dollars in your wallet. Without trust, the dollar is worthless. Most Americans don’t know this, but our paper dollars used to be freely convertible into gold coins. Take a look at this $20 dollar bill from 1905: Its inscription reads: "This certifies that there have been deposited in the Treasury of The United States of America twenty dollars in gold coin payable to the bearer on demand." In and of itself, the paper money had no more value than any other piece of paper. It was the fact that this piece of paper could be converted directly into gold coins that gave confidence to our paper currency. Of course, that’s no longer the case. Pull any dollar bill from your wallet and take a closer look at it. Today’s Federal Reserve Notes are not backed by any real asset, and they omit any promise that they’re redeemable for anything. Before 1971, at least the dollar was backed by gold. But since then, our entire monetary system has been based on nothing but trust. The bottom line is this: if the “full faith and credit” of the U.S. government isn’t worth much, our money isn’t worth much. Sadly, that’s exactly what is about to happen. Once that trust is lost, we will have nothing to fall back on. Demand for the U.S. dollar will fall off a cliff, driving the value of our currency much lower. Remember, over the last three decades we’ve printed and exported a lot of dollars. It’s estimated that $3.7 trillion are held outside the U.S. As trust in the dollar disappears around the globe, all the currency we’ve exported will race back into the country. The increased supply of money will bid up prices seemingly overnight. Everything we consume will get much more expensive… all the gadgets, shoes and shirts we import from China… all the beer, wine and furniture we import from Europe…. and all the coffee, fruits and vegetables we buy from South America. We can say goodbye to “everyday low prices.” We will no longer be able to find cheap electronics, toys and food in the shelves of Wal-Mart or any other retailer. Oil will shoot toward $300 a barrel, pushing the price of gasoline towards $9.50 per gallon…things like corn, wheat, milk will skyrocket. The standard of living of millions of people will collapse almost overnight… pension funds will be devalued, ruining the retirement plans of millions of Americans…global markets will plunge, as investors bail out of stocks. Interest rates across the board will rise dramatically. Mortgage rates will climb up to 10%, killing the recovery in the housing market. Higher borrowing costs will also kill consumer demand, sending our economy into a deep recession, much worse than the “great recession” of 2008. With consumers spending less, businesses will be forced to initiate a cycle of massive layoffs. The unemployment rate will double- or worse. Because of higher borrowing costs, our government will have to print even more money just to meet its obligations. This will only accelerate the run on the dollar. And when all is said and done, when the shakeout finally settles, the global financial system will no longer be centered on the United States. Most of us have lived our entire lives under the dollar-reserve monetary system that built and funded the American Empire. So the majority believes that’s just the way the world works. But history shows that: “Monetary Systems Change Every 40 Years or So” Before 1914, our global monetary system was based on the classical gold standard. The dollar was backed 100% by gold. But in 1914, the monetary system changed into a Gold Exchange Standard, in which the dollar was only partially backed by gold. A $50 bill, for example, was backed by just $20 in gold. Then came 1945, and a new monetary system known as Bretton Woods. Under that system, world leaders established the dollar as the global reserve currency and linked it to gold at the rate of $35 per ounce. Finally, in 1971 Nixon canceled the direct convertibility of the US dollar to gold. For the first time in American history, the dollar was totally fiat… totally without backing in gold. Today, our fiat monetary system is 42 years old. But notice that all the monetary systems we’ve used in America since late-1800s have each lasted about 30 to 40 years. Seems to me like it’s about time for a new system. And it’s closer than anyone thinks. Act Now… Before it’s Too Late Sadly, I know that less than 2% of the people who view this presentation will take action. Many viewers will choose to wait and see what happens. The problem is that this is not the kind of crisis that happens in slow motion. We’re talking about a crisis of trust. Because of the fickle nature of confidence, this crisis will unfold very quickly once it begins. I’m talking matter of weeks, not years… and that will catch most Americans by surprise. Economists Carmen Reinhart and Ken Rogoff explained this phenomenon in their best-selling book “This Time is Different”, in which they examined hundreds of confidence crises. They call it the “bang” moment. Here’s how they explain it: “Perhaps more than anything else, failure to recognize the precariousness and fickleness of confidence is the key factor that gives rise to the “this-time-is-different” syndrome. Highly indebted governments can seem to be merrily rolling along for an extended period, when bang – confidence collapses, lenders disappear, and a crisis hits.” Just look at what happened to Greece. For years, nations around the globe had no problem trusting the Greeks. Lenders were all too happy to lend money to Greece at interest rates of between 4% and 6%. Then, in 2010, the market realized the Greeks had been lying. They country’s deficit was 12% of GDP, not the 3% the Greeks had long claimed. Once the market discovered that Greece had been using derivatives to hide the true amount of its debt, everything changed in an instant. Interest rates jumped from 4% to 16% in less than six months. Almost overnight, the government lost the ability to borrow… the country’s unemployment rate tripled to nearly 30%... the economy fell into a depression… and the Greek society collapsed. This was Greece’s “bang” moment. Scientists have explained why these crises of confidence happen so fast. They call it the “critical state.” As they define it, critical states occur when any momentary flicker of hope or doubt can be magnified beyond all proportion. Here’s how American physicist Mark Buchanan explains the phenomenon: “Financial markets share the tumultuous and ever shifting character of the critical state. As a result, a change in the mood of a single investor may trigger a spreading wave of effects that leads to a fluctuation in the moods of all investors.” That change is happening now. Trust in the U.S. is waning fast. Many nations have already started to abandon U.S. bonds. Take a look… This past June, our two biggest creditors, China and Japan, dumped nearly $41 billion of their Treasury holdings. That was the largest net foreign decline on record. They’re losing trust in America’s ability to manage its finances. For them, U.S. bonds are no longer risk-free assets. In recent years, even companies such as Berkshire Hathaway, Proctor and Gamble and Johnson & Johnson have been able to borrow money at a lower interest rate than the U.S. government. In other words, investors feel more confident lending money to certain companies than to our government. That has never happened before…. never. Lenders have also started demanding a higher interest rate on American debt. This is another indication that our creditors are losing faith in our government. Take a look at this chart. Our borrowing costs have skyrocketed in recent months. The yield on the U.S. Treasury benchmark bond – the 10-year note – went from 1.65% to almost 3%, one of the largest jumps in the history of our nation. A few months ago investors were willing to lend money to our government for almost nothing. But today nobody is willing to lend us money at such a low interest rate. Now our creditors are demanding a rate of almost 3%. The recent debt ceiling debate, meanwhile, has tarnished our credibility even more. Following that debacle, a leading Chinese rating agency downgraded our debt, saying: “The U.S. government maintains its solvency by repaying its old debts through raising new debts, which constantly aggravates the vulnerability of the federal government’s solvency. Hence the government is still approaching the verge of default crisis.” Besides dumping U.S. bonds, other nations are also actively reducing their exposure to the U.S. dollar in other ways. Many countries have made agreements that allow them to settle their trades in their own currencies, cutting the dollar out of the transaction completely. China, for example, has signed international currency agreements with 22 countries worldwide. Because of these agreements, 17% of global trade in 2012 was completed using the Chinese currency, instead of the dollar. Over the past couple of years, numerous global leaders have publicly criticized our currency. Chinese central bank governor Zhou Xiaochuan, for example, said the world needs “a sweeping overhaul of global finance to replace the dollar as the world's standard.” And during our recent debt ceiling debate, China's state-run news agency issued perhaps its most dire warning to date on the subject: “As U.S. politicians of both political parties are still shuffling back and forth between the White House and the Capitol Hill without striking a viable deal to bring normality to the body politic they brag about, it is perhaps a good time for the befuddled world to start considering building a de-Americanized world.” Russian leader Putin, meanwhile, has said that “the world has gotten itself into trouble with its heavy reliance on the dollar.” While members of OPEC have repeatedly raised the idea that “maybe we can price oil in euros.” The UK’s newspaper The Telegraph recently published the following article: (SHOW Headline and highlighted sections) “The Sun is Setting on Dollar Supremacy, and with it, American Power” The article pointedly concludes that: “Rarely before has international dissatisfaction with the dollar's role as reserve currency to the world been as great as it is now. A steady erosion of trust which began with the financial crisis five years ago has reached apparent breaking point. The search for long-term alternatives to the dollar is on as never before.” As you can see, confidence in America’s fiscal state and the dollar is already eroding very quickly. It wouldn’t take much to flush the “full faith and credit” of the U.S. down the toilet. And that’s exactly what the Fed’s big cover up will do. A tipping point looms just over the horizon. And it’s much closer than you think. I believe we’ll have our “bang” moment once China makes the announcement and the market realizes the Fed has been lying all these years. The biggest financial cover up in the history of our nation will take an already declining trust in the U.S. and destroy it completely. Don’t wait any longer to take action… Take These Four Steps to Protect your Family and Wealth NOW For unprepared Americans, this will be a cataclysmic crisis that will make the 2008 collapse look like a little hiccup. It will be a messy transition to a new global monetary system. Historians will recognize this moment as the End of the American Empire. But it doesn’t mean you have to get crushed by it. In fact, for those who take the right steps today, this will be a once-in-a-generation opportunity to build wealth. And here’s the best part: even in the remote chance that other nations continue to trust us and we’re able to somehow avoid this major crisis, you can still profit by taking the actions I’m recommending. You could even make three to five times your money over the next few years. So here’s what I recommend: Step #1: Buy 1 Ounce Gold Bars and 10 Ounce Silver Bars In the 1970s, nobody made more money than Harry Browne and those who followed his prediction. You may be old enough to remember him. In 1970, Harry published his first book, “How to Profit from the Coming Devaluation.” In it, he predicted that the Bretton-Woods monetary system would collapse. Our government had simply printed too much money. As a result, other central banks started to unload dollars in exchange for gold. But Harry knew the US Treasury was running out of gold, which would force the government to cancel the Bretton-Woods agreement. In his book, he recommended people invest in physical gold and silver. His prediction became true a year later, when Nixon closed the gold window. His book hit number one on the New York Times best-seller list. And those who followed his recommendation made fortunes. 43 years later, here we are… facing a similar situation. The last time we had a huge change in the monetary system was 1971. During that transition, the dollar lost two thirds of its value. There was a huge transfer of wealth from those who held fiat paper to those who held real money, gold and silver. I believe history will repeat itself this time around. Once the monetary system based on a dollar-reserve currency collapses, we’ll see a great global gold rush the likes of which we’ve never seen before. I believe when the dollar collapse hits the mainstream media… and when gold becomes as popular as Internet stocks were in the 1990s… when everyone from your neighbors to cab drivers starts talking about buying gold… the price will explode in a parabolic move. That’s exactly what happened in the late 1970s, the last time we saw a crisis of confidence in the dollar. From 1978 to 1980 gold went up 400% in parabolic fashion. A similar move of 400% today would take gold towards $6,350. That’s why Citigroup strategist and technical expert Tom Fitzpatrick recently published a report saying: “We see no reason why this gold trend cannot perform as well as the last bull market in gold between 1970 and 1980. If you replicated that move exactly, it will take gold to $6,300.” Michael Pento, president and Founder of Pento Portfolio Strategies, thinks gold will go even higher. Here’s what he said recently: "When the US dollar loses its world reserve currency status and the US bond market collapse is in full swing, a $10,000 gold price may prove to be very conservative.” And when I asked my friend Jim Rogers how high gold could go, he told me: “There is no “fair price” if the dollar becomes confetti. You can make up any price you wish at that point.” In short, when trust in the dollar disappears, gold price projections of $3,000, $4,000, even $5,000 an ounce that some people laugh at today will look conservative by comparison … So what is the best gold investment you can make? Well, today many investors are shoveling their money into the wrong kind of gold investment. The gold ETF under the symbol GLD, for example, is very popular among retail investors. But that’s the worst possible way to invest in gold. Investments like GLD are called paper gold because they don’t really give you ownership of physical bars. During a monetary crisis, these paper claims could quickly become worthless. The fund’s prospectus even notes that: “the gold bars allocated to the [fund] may be different from the reported fineness or weight required by the London Good Delivery Standards.” There’s no guarantee the fund is holding high quality gold bars. And there are significant concerns about counter-party risk if gold prices explode to the upside. Because of the way that ETF is structured, shares of GLD could fall even as gold prices soar. To me, you should invest in physical gold bullion, not paper gold. So, I recommend buying and taking possession of 1 ounce gold coins and bars. But there’s an even better way to profit from the rise of a new monetary system. It’s a gold investment few people know exist. A small group of investors have figured out a unique way to profit from gold. They’re striking special deals with certain companies involved in the gold industry. Nolan Watson, for example, started using this strategy back in 2008. So far, he’s already increased his investment by 809%. That’s enough to turn a small investment of $25,000 into almost a quarter million dollars. Gold expert John Doody has increased his portfolio by more than 1,200% with this strategy. And many consider him one of the best gold investors of our time. Here’s what he said recently: “I love [this investment]. You just make these deals and move on to the next one.” I call this strategy “Golden Streams.” And it has performed much better than the metal in recent years. Take a look… While gold is up 61% since 2008, the “Golden Streams” investment is up 352%. The good news is you can also participate in these deals right from any brokerage account. And what’s really amazing is this special class of gold investment has nothing to do with ETFs, bars, coins, options, mutual funds or investing directly in gold miners. And yet, it has managed to beat all those types of gold investments. While “Golden Streams” have performed extremely well in recent years, I expect them to go parabolic once investors lose faith in the dollar. Even if gold moves to just $3,000 an ounce, I expect this investment will move more than 700%. That’s enough to turn each $20,000 into a little more than $165,000. If you're interested in getting the full details of this investment, I’d like to give you FREE access to my Research Report on the subject called Golden Streams: Precious Metals Industry's Best Kept Secret. This Research Report details everything you need to know about this unconventional way to profit from a higher gold price. It also includes my top three “Golden Streams.” I’ve posted all the information online. And in a minute, I will show you how to access it, free of charge. But first I want to move on to another investment you should consider. As much as I like gold, silver will do even better in this transition to a new monetary system. Relative to gold today, silver is extremely cheap. For most of history, gold has traded at a 16 to 1 ratio to silver. In other words, the price of gold historically has been 16 times greater than the price of silver. Incredibly, that ratio right now is 58 to 1. I believe we’ll see that historic ratio of 16 to 1 again because that’s what happens during monetary crises. That’s what happened in the 1970s, when people lost trust in the U.S. dollar. The gold-to-silver ratio moved from 42-to-1 all the way to 15-to-1. That’s what made silver rally 1,762% during that decade. With the ratio now at 58 to 1, we could see similar gains. If gold moves to $3,000 and the gold-to-silver ratio returns to 16, silver will be trading at $187. That’s a return of almost 700% from today’s price. I’m not the only one who believes this will happen. Resource guru Eric Sprott recently said: “I think silver will be the investment of this decade and will trade down to a 16:1 ratio to gold. Your return will be 300% or more. Silver will by far be the better investment going forward.” That’s why I also recommend buying 10 ounce silver bars and coins. But there’s an even better way to profit from the rise of silver. In fact, I’ve isolated the three best silver investments for the coming crisis. These plays could double or even triple your returns from silver. In this chart, you can see how one of my top silver plays has performed much better than silver in recent years. While silver has gone up 144%, this investment has gone up 523%. That’s enough to turn $15,000 into almost $100,000. Of course, that’s nothing compared to the gains this investment will see when the whole world finds out the Fed holds no gold. You’ll discover all the details about this investment in my special report: The Three Top Silver Investments for the Coming Crisis. This report features the three best ways to take advantage of the world’s most promising precious metal. You’ll also discover how to buy real, physical silver at a 25% discount. Others have paid $75 to access this research. But in a minute, I will show you how you can get access to this valuable information, free of charge. But first, I want to move on to the second step you need to take. It involves one of the biggest dangers investors are facing today. Step #2: Get Out of Bond Funds with Maturities Greater than Five Years As I said, once the market discovers the Fed has been lying all these years, confidence in the U.S. government will evaporate. Investors will start dumping treasury bonds, driving their price lower. Many investors who have reached or are quickly approaching retirement are desperately looking for investment income. And most of them have parked their cash in what they assume are safe bond funds. But that’s a dangerous belief. Bonds are just another form of paper money. When confidence disappears, institutional bond investors will rush to the exits. And retail investors still holding bond funds will be trapped. It’s already happening. Just in the past six months, long-term Treasury bond funds have dropped 16%. Even legendary bond trader Bill Gross, arguably the best bond investor ever, recently said: “The bond bull market is over.” If you’re heavily invested in bond funds, you need to take action now. I recommend getting out of bond funds with maturities greater than five years. Those are the funds that will suffer the biggest losses. But you don’t even need to take that kind of risk to generate income. There’s a much safer way to get the retirement income you need. It’s an investment that lets you collect hundreds and even thousands of dollars at a time, almost instantly. And it can generate 5 to 10 times more money than dividend stocks or bonds. The majority of investors don’t know about this unique investment. But it’s starting to get more attention in the mainstream press. As the Wall Street journal recently reported: “At a time when investors are caught between meager interest rates on savings accounts and worries about whether the recent stock-market run-up can continue, funds using [this investment] to generate extra income are gaining attention.” Surprisingly, this secret has nothing to do with buying bonds, mutual funds, ETFs, options or dividend stocks. And yet, it allows you to collect anywhere from $515 to $3,525 or more… every single month. And the best thing is this investment works in any kind of market environment. You’ll collect instant income even during the coming monetary crisis. In fact, the cash this investment pays increases when there’s market turmoil. In some occasions, the payouts go up 100% in times of crisis. It’s the perfect strategy for those who are looking for safe ways to generate income every single month. It’s a shame that every American doesn’t know about it. I also wrote a special report to show you exactly how to use this strategy yourself. It’s called How to Turn Your Brokerage Account into an ATM. It gives all the details on how you can begin collecting hundreds and even thousands of dollars right from your brokerage account, every single month. Once you learn this secret, you’ll never again have to worry about running out of money. If you’re interested, I’ll give you full access to this report in the next few minutes. But first, let’s move on to the third step you need to take to protect your wealth. Step #3: Move Some of Your Wealth Outside the U.S. Financial System All the investment secrets I’ve mentioned so far will allow you to grow your wealth during this coming crisis. But if you don’t have a safe place to stash your cash… BEFORE the government comes knocking on your door looking for handouts... you're screwed. Once trust in the U.S. is destroyed, our government will lose the ability to borrow money at extremely low rates. Our government will become desperate. And we all know desperate governments do desperate things. Lawmakers will do anything to get their hands on your wealth…. just like they’ve done it in the past. When President Roosevelt came into office in 1933, he inherited an economic depression. Desperation settled over the government. Under the threat of 10-years imprisonment and fines of $10,000, it ordered Americans to turn in all their gold coins. Aside from confiscating your personal wealth, the government may also try to stop you from moving your money out of the country or investing it abroad. That’s what President Johnson did in 1968, when he implemented mandatory controls on foreign investments. I know many Americans think this could never happen again. But did you know this kind of government abuse is already being discussed? The Obama administration has quietly been hatching a plan to nationalize private 401k and IRA accounts, and replace them with government sponsored retirement annuities. President Obama calls this plan “MyRA”. He even talked about it during his latest State of the Union address. Here’s what he said: “Tomorrow, I will direct the Treasury to create a new way for working Americans to start their own retirement savings: MyRA.” The prospect of government invading our retirement savings is so troublesome that National Seniors Council Director Robert Crone warned that: “This whole issue is moving forward very quickly. Already there is a bill requiring all businesses to automatically enroll their employees in IRA plans in which part of every employee’s paycheck would be automatically deducted and deposited into this account. If this passes, the government will be just one step away from being able to confiscate all these retirement accounts.” Keep in mind, the Treasury Department has already tapped federal retirement programs to prevent the government from hitting the debt ceiling in 2011 and 2013. On both occasions, the Treasury took “extraordinary measures” to stay under the debt limit. Here’s how the Washington Post reported the action: “The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.” This is a step towards full confiscation of private pension funds, at some point. Make no mistake…when the government runs out of money, it will come for the $19.4 trillion Americans hold in retirement accounts. That’s why Jim Rogers recently told me: “I would be very worried about having an IRA or retirement account in the U.S.” The writing is on the wall. The small creeping steps are already happening. You must learn how to legally protect some of your wealth. You’ll find all the information you need in another report I prepared called: How to Keep Your Wealth Out of Uncle Sam’s Hand. In this report I’ll show you how to legally move your money out of harm’s way. You’ll learn about: The only way to legally avoid all, or nearly all, U.S. taxes on personal and business income, including most capital gains and estate taxes… without having to renounce your citizenship. You could pay nearly zero taxes- as in never having to pay taxes to the IRS again. A special retirement account that will not only protect your nest egg against a government attack, but that could also give a big boost to your portfolio. A little-known income-generating investment called DVA, which increases its payouts every time the dollar falls. This is a great way to ensure your retirement income doesn’t lose purchasing power. Plus, it’s not subject to confiscation. The single best place to store your physical gold to make sure it’s out of reach from government confiscation. Remember, in a monetary breakdown the government will do anything to get its hands on your wealth. Don’t let that happen. I strongly recommend you take action now… before the government confiscates part or all of your retirement savings. Because after the rules take effect, it will be too late. Again, I’ve made my research available online. And I’ll show you how to get easy access to it in just a minute. But before I do that, there’s another investment I want to recommend. Step #4: Buy Real Estate in One of These Three Countries One of the best ways to hedge against Washington’s coming cash-grab is foreign real estate. After all, land is hard to repatriate. And since it’s a hard asset priced in a foreign currency, it’s likely to maintain its value when the dollar collapses. Plus, it can offer rental income. Many of the real-estate projects I’ve evaluated – and liked the most – tend to be in all-cash markets where mortgages are rare. That’s important because cash buyers dramatically reduce price speculation fueled by easy bank credit. In turn, that reduces the risk of overpaying for a particular plot of land or a beachfront condo. I'll tell you about the three American-friendly safe-havens I've uncovered in another report I've just completed. It’s called The Top 3 Foreign Real Estate Opportunities. In this report, I’ll tell you about: A South American Paradise that Welcomes Foreigners. This place offers a zero tax rate on foreign income. You’ll also have the freedom to open bank accounts that pay sharply higher interest rates than you can find anywhere in the U.S. banking system. And citizenship is attainable in just three years. The True Galt's Gulch. This new 1,500 acre self-sustained community of gorgeous stone, stucco and tile-roofed homes is surrounded by a working vineyard and a beautiful 18-hole golf course set against a mountain backdrop. This is the place for affordable, off-the-grid living at a level you've grown accustomed to in the States. The Pacific Ocean Right Outside Your Front Door. At this 2,700 acre community you can find leafy lots with sweeping ocean views for $150,000 or less. It's very close to the U.S., the cost of living is one of the world’s cheapest, and the caliber of amenities is first-rate. Plus, I’ll share my personal list of contacts in each of these countries who can provide you with everything you need to know about the local real estate market. You'll learn more about these American-friendly destinations if you choose to claim your FREE copy of The Top 3 Foreign Real Estate Opportunities. So how can you begin taking these simple steps, right away? “Must-have Information” Well, my company has been publishing financial research for the past 15 years. We publish our best ideas in a one-of-a-kind monthly newsletter called The Sovereign Investor. During that time, we’ve helped a lot of individuals like you protect and grow their wealth. The Sovereign Investor readers put it best... Darren Anderson tells us: “Thanks to you I took the necessary steps to prepare myself for the upcoming crisis. My portfolio has increased 80%.” Kelly W. says: “I have been a subscriber to this newsletter for a long time and it is wonderful. Great investment advice. The economic perspective is way ahead of the curve and tells things the TV talking heads never tell you!” Ira Weston, from Naples, FL writes: “I’m making better than 20% on what I’m investing in… [and] it gives me peace of mind to know I have assets that people don’t know about.” Ross Fink, of San Diego, CA, says The Sovereign Investor provides “must-have information.” Karen W. raves “The Sovereign Investor, like no other publication, has opened my eyes to what is really happening in this country. I only wish I had known sooner! Fantastic!” And just the other day I got this note from Jonathan R. saying: “I get excited just thinking about each issue. I eat it up, I can’t leave my desk, I return to it time and again for rereads. You guys are outstanding. I must tell you I have turned many heads with comments and knowledge I have gained from your letters and reports. Thank you. Just don’t stop please.” It’s rewarding to get letters like those. I’m happy to know that my research is helping thousands of subscribers survive and thrive through market crashes and government boondoggles. But I have to tell you, right now, I fear a lot of folks will simply ignore my warnings. There are just too many people who believe America is still the exceptional country she was in the 20th century. They believe America can do no wrong and that, somehow, our nation is exempt from historical forces that have affected other countries. Please, don’t get me wrong. I love my country. It has given us the greatest standard of living the world has ever seen. No other nation has built so much wealth or attracted so many immigrants over the last 250 years. No other nation has demonstrated an equivalent track record for sustained innovation and productivity improvements. But at the same time… no government has ever borrowed anywhere near as much as America has. Let me ask: Do you truly believe that, no matter what we do, nothing can ever destroy our currency and our standard-of-living? Are we so exceptional that, as a country, we are immune to basic economic laws? Are we so exceptional that we won’t suffer any consequences from our reckless borrowing spree? Or that we can get away with the biggest cover up in financial history? Sorry, but I don’t believe we’re that exceptional. Every empire throughout history has collapsed, and they all shared that same “nothing can defeat us” mentality. The U.S. will be no exception. I know that admitting the truth can be hard sometimes… but we can no longer ignore the reality that we have become nothing more than a nation addicted to money-printing and debt. The only thing that has prevented a major collapse of our way of life is trust… trust in the U.S. government and its institutions. But as I showed you in this presentation, that’s about to change in a significant way. Those who continue to blindly believe in American exceptionalism are in for a rude awakening--and much sooner than they might imagine. I sincerely hope you won’t be among the many Americans who will get caught totally by surprise when trust evaporates and our monetary system collapses. That’s why I created this presentation. And it’s why I’d like to give you access to all the five reports I’ve mentioned here, at absolutely no risk or obligation. Book for Sale Simply let me know you'd like to take a trial subscription to my monthly research, The Sovereign Investor, and I’ll immediately give you access to: Research Report #1: Golden Streams: Precious Metals Industry's Best Kept Secret. Research Report #2: The Three Top Silver Investments for the Coming Crisis. Research Report #3: How to Turn Your Brokerage Account into an ATM. Research Report #4: How to Keep Your Wealth Out of Uncle Sam’s Hand. Research Report #5: The Top 3 Foreign Real Estate Opportunities Also, each month, I'll send you my private research letter, The Sovereign Investor. I’ll keep you up to date on how this crisis in unfolding and show you all the measures you must take to protect your wealth. I’ll give you specific investment recommendations, wealth protection strategies and offshore banking solutions. These are strategies that you won’t find on the pages of The Wall Street Journal or The Economist…This print and online research will be sent right to your physical and virtual mail-box once a month! So how much does my work cost... and how can you get started? Well, as I mentioned before, trust is key in every relationship. I know that in order for me to earn your trust and your business, I need to deliver on everything that I’ve promised. So, I want to make it as easy and hassle-free as possible for you to try my work today. That’s why I’ve asked my publisher to give you a special discount of 67%. So instead of paying our regular rate, today you can pay less than your phone bill and receive EVERYTHING I mentioned here. That includes: Report #1: Golden Streams: Precious Metals Industry's Best Kept Secret. Report #2: The Three Top Silver Investments for the Coming Crisis. Report #3: How to Turn Your Brokerage Account into an ATM. Report #4: How to Keep Your Wealth Out of Uncle Sam’s Hand. Report #5: The Top 3 Foreign Real Estate Opportunities 12 issues of The Sovereign Investor Urgent Investment Alerts… notifying you immediately of any buy/sell recommendation I make in our model Portfolios. I’ll also send you important news bulletins and instant alerts on any political or Black Swan event that could impact our portfolio. This is the kind of detailed research that others would likely pay $1000 - $5000 for. But you’ll receive all these powerful benefits as a subscriber to The Sovereign Investor. 24/7 Access to our Sovereign Archives — Once you sign up, you’ll get password-protected access to all our past and current special reports, issues and recommendations. What’s more, I’ve asked that if at any time in the next 4 months you decide The Sovereign Investor is not for you, that you are allowed to cancel and receive a FULL refund. I want you to be safe (and profitable) through the era ahead, without making any long-term commitment. By taking action today, you won’t be among the millions of Americans caught by surprise when the trust dies. Remember, China could announce its gold holdings anytime. When they do, everyone will connect the dots and figure out the Fed has been lying all these years. I want you to be fully prepared when that happens. So, I’ve also asked my publisher to allow you to keep all the special reports you’ll have received as my gift to you – just for giving The Sovereign Investor a try. Essentially we’ve made it risk-free to try. You really have nothing to lose. You’re agreeing only to TRY my work to see if you like it. Simply take the next four months to check out my research and access all the 5 valuable reports I’ve mentioned here. And even if you decide AFTER four months that my work is not for you, you can still get a prorated refund for any time remaining on your subscription. I hope you will take these simple steps to safeguard your family, your wealth and your retirement assets. Please, keep in mind there’s not much time left. This coming collapse will be devastating and swift! I urge you to take action today. Just because our monetary system hasn’t collapsed yet, many people think it will never happen. People tend to make that mistake over and over again. They tend to extrapolate recent events into the future indefinitely. Think back to the late-1990s… stocks were rising just about every year. So, many investors assumed stocks could only go up. But they found out just how wrong they were when their wealth evaporated in the stock-market crash of 2000. And because housing prices went up throughout the 1970s, 80s and 90s, everyone thought real estate prices couldn't fall. As a result, the housing crash caught most Americans by surprise. Today there’s something similar going on. Just because foreigners have been buying U.S. bonds for decades, everyone assumes that will continue. And the same applies to the dollar-centric monetary system. Just because the dollar has been the world reserve currency since 1945, everyone assumes that will continue forever. But make no mistake…the dollar is not the world’s first reserve currency and it certainly will not be the last. In the last 2,500 years, other currencies have achieved that status, as their issuing nations gained and lost economic prominence. As you can see in this chart, the US dollar is approaching the average lifespan for this role. Remember, Fort Knox is just about empty… our government has frittered away our wealth, and now the dollar is backed only by trillions of debt we’ll never be able to repay. And by July 2014, the whole world will realize our gold is gone – that it now sits in Chinese vaults – and that our currency is just a scrap of paper. In this crisis of confidence we face, the unraveling will happen fast. There will be no warning. Most people will be caught completely off-guard and unprepared. That’s why… I Sincerely Hope You’ll Join Us Unfortunately, despite all the evidence I’ve shown here, I know a lot of people will do nothing…. When China announces its official gold holdings and the trust comes crashing down, they won’t know what to do. When the price of a gallon of milk jumps to $8.00, when ground beef jumps to $10 a pound, and when gas hits $9.50 a gallon, they’ll get desperate. And when this economic tsunami slams America, millions of unprepared citizens will hit rock bottom. Don’t let that happen to you and your family. You can take action now to protect your wealth, your spouse, your children and grandchildren… or you can become just another victim of this coming meltdown. Since you’ve watched my presentation this far, I’m confident you’ll do the smart and prudent thing… you’ll take the necessary steps now to protect yourself and your family. To get started, simply click on the SUBSCRIBE NOW link below. When you do, you’ll get all the details on this limited-time offer and also find an additional bonus for enrolling today valued at $250. And remember, I'm not asking you to make any big commitment. All I want you to do is to take the next four months to get all our best ideas. Take an immediate look at all the five Research Reports I've described. They reveal everything you need to know to both protect AND grow your wealth during the cataclysmic era ahead. All this information is yours to keep, whether you choose to continue receiving my research or not. You're not risking a dime to check everything out. Click here to get started or call toll-free 1-877-899-9210. I hope you’ll join us! Sincerely, Jeff Opdyke Editor, The Sovereign Investor Poster Comment: Everything we consume will get much more expensive… all the gadgets, shoes and shirts we import from China… all the beer, wine and furniture we import from Europe…. and all the coffee, fruits and vegetables we buy from South America. On the other hand everything can be free. Every citizen gets a "credit" card which entitles him to basics of food, clothing, shelter and medicals.Keeps doing whatever doing now or available to do what's needed. Beyond that merit points are awarded to obtain extras beyond basics, points depending on individuals wealth production, skills and availability to fill a need, perhaps never needing to work since robots are increasingly employed. China establishing 30 robot factories. Gold is is little practical value now that tooth implants are possible. Post Comment Private Reply Ignore Thread
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