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Business/Finance See other Business/Finance Articles Title: The Biggest Accounting Hoax Since Enron The Biggest Accounting Hoax Since Enron “…the fallout will be 525 times bigger than Enron and is sure to affect all American citizens – no matter where you live, what you do for a living, or how much money you have. Once the mainstream media uncovers this deception (possibly in the next six months), it will be too late for anyone to act. Here’re the four steps you need to take to prepare for the coming chaos…” — Jim Rickards, Financial Crises Advisor to the CIA and Pentagon In late 2000, Charles Pearse, 63, retired a millionaire. Just a few months later he was flat broke. With a portfolio worth $1.3 million, he thought he would spend his golden years relaxing on a beach, playing golf with his friends, and traveling around the world. But when his company Enron went bust, his retirement fund went from $1.3 million to $13,000… in a little more than a year. It took him 33 years to save all that money. But in the blink of an eye, he lost everything. His retirement dreams were crushed. And now he’s trying to survive on a ridiculous $1,800 monthly Social Security check. His story is not unique. When Enron collapsed in 2001, more than 20,000 employees were thrown out on the streets. Thousands of investors and employees were wiped out when shares dropped from $90 to $0. Description Now, imagine the same type of financial catastrophe happening not just to the employees of one specific company… but all across America. Hi, Jim Rickards here. I’m the financial threat advisor the government turns to when it needs help. And during my most recent work with the Pentagon, CIA and Department of Defense, I uncovered another Enron type of scandal… An accounting hoax so big that it could lead to the next major financial crisis in America. I expect the fallout to reach $31.5 trillion… which is 525 times bigger than Enron. And this time, it’s not just employees and investors of a specific company who are in danger… All 300 million American citizens are a potential victim of the accounting hoax I’ll reveal today. If you have money parked in a savings account, CD, or even government bonds… you’ll be affected. If you have a 401(k) or IRA, you’ll be affected. If you own real estate, stocks, or any other asset denominated in U.S. dollars, you’ll be affected. Once this hoax appears on the front page of every newspaper in the country (possibly within the next 6 months), it’ll rock our financial system to the very core. Much like 9/11, or the day JFK was shot, you’ll remember where you were and what you were doing when this news finally hits the mainstream. Millions will be caught off guard. They will lose everything virtually overnight… just like Enron employees did. Because this hoax doesn’t involve just a regular corporation. It involves the most powerful financial institution in the world. A “private” institution that has a direct impact on many aspects of your day-to-day life… From how much you pay for healthcare… to how much interest you get from your bank account. From how much you collect in Social Security benefits… to how much you pay for gas and food. Put simply, when this institution fails, you could lose everything you worked so hard for your entire life. And even though this will be much worse than Enron’s collapse, I don’t expect anyone to go to jail… or even pay any fines. You’ll understand why in a moment. First, I want you to take a look at this official document. Poster Comment: What is money other than evidence of debt? Post Comment Private Reply Ignore Thread
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