Click here to post your comments …
Record-shattering federal deficits and debt … the largest treasury auctions of all time … out-of-control money printing at the Fed … all mean ONE THING for you:
Our own leaders are sacrificing the value of your money — your buying power … your standard of living … and your retirement — on the altar of Washington’s debt addiction.
URGENT ONLINE SEMINAR OCTOBER 6 to help you protect yourself and profit:
Check your e-mail and click the link to grab your FREE registration NOW!
Dear Investor,
This isn’t about Washington’s massive $125 trillion in debt and unfunded obligations to Social Security and Medicare.
It’s not about the fact that Washington’s debt is now ballooning at the rate of nearly $1.6 TRILLION per year — MORE THAN TRIPLE last year’s record deficit … and more money than we have circulating in actual currency.
Nor is it about the $9 trillion in NEW deficits the Congressional Budget Office says the government will create over the next ten years, bringing our national debt to more than DOUBLE the value of all goods and services produced in this country.
It’s not even about how our leaders are now borrowing and printing every dollar they can just to service this massive debt — or about how, as a result, the value of our money has plunged 14% in the last six months alone.
THIS IS ABOUT HOW YOU AND YOUR FAMILY WILL SURVIVE: How you’ll get by as Washington’s debt addiction causes the buying power of your money to implode — and your cost of living to explode — in the months and years ahead.
More than that: It’s about how you can harness the undeniable power of this locked in mega-trend — history’s greatest heist — to grow your wealth dramatically even as Washington continues to erode the value of your money.
Because after all …
Living well is the best revenge!
If you make the right moves beginning immediately, you still have time to shore up your financial defenses. You can shield yourself, your family, your savings and your investments from disaster as this great dollar decline crushes the value of your money.
More than that: There are many ways to harness this historic convulsion to keep your wealth growing.
That’s why I will be presenting a complimentary online seminar entitled “Washington’s Secret War on the Dollar: Protect Yourself and Profit” — on Tuesday, October 6, 2009.
My mission is clear: To help make sure you have the knowledge and the specific recommendations you need to insulate your wealth and to keep it growing as this great dollar disaster unfolds.
This online briefing is absolutely free for you — part of our ongoing commitment to help you sidestep emerging hazards to your wealth and profit no matter what the economy throws at you next.
I’ll give you the clear, concise, unhedged answers to your most pressing questions about this crisis now.
Right off the bat, I’ll give you my shocking update on this great global war on the value of the dollar …
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Why the REAL national debt is more than EIGHT TIMES GREATER than Washington claims: Why the full weight of our debt addiction is beginning to hammer the dollar NOW … and why our leaders have no choice but to slash the dollar’s value in sheer self-defense.
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Why the world’s governments, central banks, financial institutions and super-rich investors are fed up with Washington … why increasing numbers don’t want to touch the dollar with a ten-foot pole … and what they’re doing to protect themselves at YOUR expense.
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What the news media isn’t telling you about Bernanke and the dollar: And how global plans to stop using the U.S. dollar as a safe haven or for international trade will impact your buying power and standard of living.
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What’s the next shoe to drop in this great global war on the dollar? Could the G-20 be secretly scheming right now behind closed doors to accelerate the dollar’s plunge? (My answer is admittedly outrageous and has tremendous implications for your financial security!)
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Critical steps you should be taking right now to protect yourself from this great dollar disaster: PLUS, the three investments that are most likely to preserve your wealth as the greenback continues to plunge in value worldwide.
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SEVEN often-overlooked investments that are the most profitable way I know to harness this massive, long-term dollar decline: I’ll show you what to buy … where to buy it … and when!
The Title:
Washington’s Secret War on the Dollar:
Protect Yourself and Profit
The Date:
Tuesday, October 6, 2009
The Price:
FREE
Here’s how you can help me help you:
FIRST, check your e-mail for the invitation I sent you earlier today, then click the link in that email to grab your FREE registration and to make sure you get your instructions for attending in time.
AND SECOND, click here, leave a comment and tell me what you’re most interested in hearing from me during this all-important online seminar. I’ll do my level best to make sure you get the answers you need!
Together, we can get you through this with your wealth intact and growing. You have my promise that, for our part, we will do everything possible to make sure you and your family are among the survivors and actually grow your wealth as this crisis continues to unfold.
Best wishes,
Larry
P.S. You have our permission to invite your family and friends to join us! Washington’s Secret War on the Dollar is being created as a major part of our commitment to help YOU protect yourself and profit in these treacherous times. But if you have friends or family you trust and who need help insulating themselves as the dollar declines, you have our permission to forward this invitation to them.
Related Posts
- Free Online Seminar to Survive Dollar Crisis (09/22/09)
- SHOCKER: Fed set to print $1.45 TRILLION (09/25/09)
- Dollar sinking; gold soaring! (09/23/09)
{ 135 comments… read them below or add one }
dEAR lARRY
sTARTED BUYING GOLD 5 YRS AGO, A M A VERY HAPPY CAMPER./ON PULLBACKS, AS YOU SUGGESTED WILL BUY MORE AND SILVER TOO. yOUR SUGGESTIONS ARE GREAT
tHANK YOU SO MUCH,
sONNY b
Larry Edelson Reply:
December 8th, 2009 at 2:23 pm
Thank you for the compliments and your loyalty!
What about Silver?
Larry Edelson Reply:
December 8th, 2009 at 2:29 pm
Put your money into gold. Far better. Also, my reference to silver in the comments section of the “More evidence of what I’ve been saying about what’s going to happen to the dollar …” post.
I have a comment about your latest recommendations in Real Wealth report. You have been recommending MLP’s and for those of us which are using your recommendations in IRA accounts I thought this was not a place to have MLP’s due to tax issues?
Larry Edelson Reply:
December 8th, 2009 at 2:30 pm
There is no tax benefit to holding them in IRA accounts. But my understanding is that there is no disadvantage either. To be sure, check with your tax accountant.
I subscribed to the Real Wealth report and has been receiving issues through November, 2009. I have yet to receive the December report. Is there a problem?
Larry Edelson Reply:
December 21st, 2009 at 10:56 am
The December Real Wealth issue just went to press Friday, the 18th. It’s on the website now.
Hi Larry,
Thanks so much for your excellent analysis of gold and related precious metals.It has been very profitable for me in 2009.However,I just read an article written by your collegue Sean Broderick and he indicated that GLD the gold ETF could implode any time because it leases gold and has gold derivatives.I really did not understand it .What concerns me is that you and Martin recommend GLD and I have about 15% of my assets invested in it.I thought it was holding gold and that the price was equal to 10% of gold’s market price and I had nothing to worry about.I thought it was rock solid safe.
I was thinking of buying bullion based on Sean’s article.What’s your position on this?
THANKS……..George Gigliotti
Larry Edelson Reply:
December 28th, 2009 at 3:40 pm
Thank you for the compliments. I don’t see any reason to fear GLD. Interestingly, many of the analysts harping on those risks are also physical gold dealers. Perhaps they have underlying motives for panning GLD??
Larry, in a newsletter called Pierce Points, Dave Forest puts forth the claim that the Fed/Treasury have drained most of the bailout money out off the system. Quote:
“If we are really seeing inflation, it’s time to start considering how to unwind all the stimulus money that’s been pumped into the financial system. Can we really vanish a trillion dollars?”
A couple of recent developments are encouraging on this front. The U.S. government has indeed been successful at draining liquidity from the system in a number of areas.”
The most high-profile is the Troubled Asset Relief Program (TARP). Over the last few weeks, a number of banks have repaid the billions they received from the government under TARP. Just today, Wells Fargo announced it has returned $25 billion in TARP money.”
Overall, TARP has proven to be a successful example of interventionist banking. It now appears that most of the $150 billion given out under TARP will be returned to the government less than a year later. Washington may even turn a profit on the program.”
Another place where government money has gone and come, is the Term Auction Credit facility. Under this program, the Federal Reserve lent directly to banks across America to keep them solvent during the worst of the crisis.”
Back in March, banks borrowed nearly $500 billion under this program. It was one of the major reasons the monetary base ballooned so fast.”
But banks have steadily been returning this money. To the point where there is now only $100 billion of credit outstanding. $400 billion has come home to roost.”
Perhaps the least-known source of new money over the past year was central bank liquidity swaps. As the crisis broke last fall, demand soared for dollars as a safe-haven investment. Businesses that needed dollars to function were having a hard time procuring the currency.
In response, the Federal Reserve lent dollars directly to central banks in Britain, Japan and several other of the world’s largest economies. These swaps were the single biggest source of money creation globally. At the peak, the Fed pumped out $570 billion in loans to central banks.”
At the time, there were concerns that this slug of cash would wreak inflationary havoc. But the results have been completely benign. As of December 16, $557 billion of these swaps had been repaid. Leaving just $14 billion outstanding.”
All of these programs suggest it is possible for the Pandora’s box of money creation to be closed again after opening.”
Larry, can you comment?
Larry Edelson Reply:
December 28th, 2009 at 5:34 pm
Some banks have repaid the Tarp money. But that’s a far cry from draining liquidity. The Fed’s balance sheet continues to grow like a weed, indicating it continues to print money like crazy.
Thank you VERY much for everything you are doing to educate and protect us all.
My questions are:
-how safe our 401 Ks are?
-will precious metals offer a safety net?
-your views on a possible gold confiscation please?
-how long this storm will last?
-how long this storm will last?
PREDICTIONS - WHO TO BELIEVE
MARC FABER-2 possible 3 more good years then everything collapses 5-10 yrs
JEREMY GRANTHAM-next 7 years international/emerging markets will average 8-9%
BOB PRECHTER- stock market will not bottom until 2015-2016 at around 1000 (djia)
HS DENT- stock market will bottom 2011-2012 at around 3500 (djia)
MARTIN WEISS/EDELSON/CLAUS - what do you guys think?
All very well respected independent (key) investment strategists… Not sure who/what to follow ???
even if we see a Bretton Woods style financial agreement to evolve to bundle debts of all G 20 nations toxic assets to be absorbed later , the growth of industry is still at the same crossroads it was when the economic crisis peaked , and growth could not be found even with the availability of credit to go with any profit potential , so my question is where are we really in this ever evolving economic conundrum , that needs a New wealth Creation Direction ????? It would seem that if Alternative Energy , if a viable direction would have brought direction to the futures markets , but so far it seems lagging , so what is it thats missing ???????
In terms of Health Care , treating the Government as if they were the ONLY wealthy ONES Entitled to make Decisions on behalf of We the People ,and We the People as just a One class Society , as some in Washington think we should be , is a mistake we should debate as a Republic .
If you think the Government will create incentives for the Theory of a One class society with the upper levels of Income , you must understand first , that Governments only Goal is to win the Popular vote , and if you are wealthy enough to not care , thats a position they do not want you to be in , so considering the idea of a One class society , We the People have a duty to our Republic to Debate vigorously this Ideology , so that we never lose our Individual rights and Liberties to Choose , not only a Better way of Advancing our Lives , but the people we choose to Represent our Rights of our Lives , all this is pertinent to Quality of Life being achieved , and today the politics have totally been skewed in my opinion to only look past the promotion of individual liberties , for the ideology of consolidating that individual into the one class society , so that a more simpler process of Government regulations may be established , and this path history shows us always ends in less and less quality for the individual , while the Government grows , and less Independent Individual Liberty is the result .
I believe that the divider today thats working against our economic recovery is in how our popular vote was made to hate the upper income brackets of our Multi class society , for the voter support of a party , that they themselves are members of , and such hypocrisy that is . If it were not then why do they still hold that achieved success , if it is the success they say we should hate ?????
Today we have a hatred that has formed over the past few years of the view of ” The Rich ” in America . In our system of multi-class society fashion where the income brackets we have , complemented by a level of success thats found when a person achieves a novel idea and people rally around its uniqueness , usually it creates the term ” Capital Formation ” , then transitioning a persons popularity and income upward and thus the efforts made by this advances a persons position in the chain of income brackets , and also leads to a better quality of life in most cases for a greater majority , a win win for all , that was and is achieved when a level of participation from the greater society is through the incentives like ours creates through this capital Formation to a Unique development , is why we see or are the beneficiaries of such a society function as ours is .
We have seen over the years , this advance the USA in leading the way with Quality of Life , and its all due to the Greater society being incentivized with Monetary gains as the goal , and through hard work and challenges to excel at ones own abilities , and within the scope of such a nation such as ours , through this type of system , has helped not only its own but the world has benefited by this countries systems as well , like no other has , and we the people should debate this and find ways to preserve this platform all seek to achieve , so that greater quality of life , ambitions drive soul , and society gains a greater sense of pride and dignity from their citizens accomplishments , thats the kind of Leadership I want to see in My USA !!!!!
Its time we realized that this system is a benefit to all , and that if we consolidate the thoughts of all into the Governments Control , that will end in a Limiting of expressions , and thought process coming from the Majority of society , the Think Tank of American Ingenuity , not just Government . We the People must Realize that Government cannot do it all by themselves , because they will not be free to Think as the Individuals they represent are free to think , because as Long as there are Voters to Please , Innovation will lack , for the Government will only spend all their time Chasing the Votes , and while thats sucking all the Seed Monies away , We the People will suffer , because no Incentives will be made for Independent capital to find a Individuals Unique Ideas to form and build Investment around .
Health care Like all the other Industries People and their communities rely on will be decimated because of this shrinkage of incentives , as the Opinions of the Independent minds are consolidated into the fold of Government Control , if we slip into a one class Society , and are further reduced to nothing more than Sheep being led by a Bell , that once rang a sound of Liberty from Tyranny , like if we place total control of Our Health Care into the hands of Government , instead of We the People , sending Representatives to Regulate on our Behalf our Ideas and Principles that will result in Fairness in regulation of our Quality of life advancements and achievements , and this should be and should always be this place I know , the USA .
where can we park all our money that is safe(not seisurable like gold) and liquid enough to sell when we want to/need to.
I am curiously trying to get my mind around the affect on assets and debts should the government/s decide to use a gold standard to reduce their debt burden by valuing gold at $5,000/ Oz. Ie: If I owned a $200,000 house with a $100,000 mortgage, $10,000 of credit card debt, $50,000 in US currency, $150,000 of investment assets, $5,000 or 5 oz. of gold, bread cost $2.00 a loaf and gas is $2.50 a gallon. Please help me understand how each of these items would be affected by adjusting the price of gold from $1,000 to $5,000 so I can better understand where I should put my energy should an adjustment in the value of gold occur in the next 5 years.
Thanks
Frank
What are the chances the “administration” , however defined, can pull it off? So we see 17% inflation again when deflation plays out and inflation is called for. We’ve survived it before. Nothing pretty but not Armageddon.
Mr. Edelson:
One point I have never seen discussed in print is about precious metal confiscation…
Not gold, but silver. While it is well known by those who invest in gold that in 1933 gold was confiscated by the Roosevelt administration order, I am unaware of any confiscation of silver bullion or coinage.
So how likely is it that individual silver would be confiscated from individuals who hold it in an IRA as bars and/or in personal possession as ‘junk silver’ coins or bullion generic rounds or bars ?
Larry,
I have about $200K in a retirement money market account.
The government’s pledge to guarantee this money ended on 9/18/09.
Also, what does the falling dollar do to the value of dollars in this money market account?
Regards,
Jeff
Larry, good afternoon! Should my wife and I continue to invest and hold in US Savings Bonds or should we liquidate and place in another investment vehicle? Thanks! Bill B.
What I’d like to know is:
What markets are most likely to continue growing?
What is the safest way to grow our money to regain our losses and hedge inflation?
When is it going to be time to step out of equities and where should our money go then?
Should part of a retirement portfolio be in bonds/bond funds or are bonds too risky now.
Thanks for you insight.
Larry,
In Real Wealth and other reports you have told us to have a portion of our wealth in gold coins or bars, etc. Just how does one go about obtaining gold in this form safely? Which traders can we trust?
Larry, would you recommend buying gold still, and if so, how does one know whom to trust? What is the best way to do it? Would you recommend buying foreign currency or investing in certain foreign companies? I heard about BRIC funds - currencies from Brazil, Russia, India and China bundled together - what is your opinion of that? We are bombarded with information, don’t know what to do and generally end up doing nothing! That we are all going over a cliff soon is clear, however. Would it be possible to hear your lecture at another time? I will not be able to do so at the specified date and time - what can I do?
Would like to hear your perspective on buying gold and/or silver …
1) How does one begin buying gold?
2) Where is the best place to buy gold? (pawn show, online, buying groups, etc.)
3) What % over spot should one be paying?
4) What type of gold should someone buy … Bullion, Private or Numismatic and why?
5) Should gold be a long term investment or an in and out investment?
6) Should you also buy silver and if so, what % of gold vs. silver should you invest in?
and finally,
7) What % of your investments should be in gold if you believe in buying gold?
Larry - It would be great to hear your thoughts on gold advancements in 2010 or 2011. Particularly related to how people can position themselves for the next few years. Also, your thoughts on physical gold or gold stocks that pay out in USD - what is better? Thanks.
How do you feel about agricultural property as an escilation hedge?
Liquidity?
There is one very important issue which is as yet unresolved: and that is the question of Obama’s legal right to be our President. He is spending money from what is left over from his campaign funds to block in court any initiative that would obligate him to come forward and prove to the American people that he is in fact legally able to be our president. My comment is only, that if he has nothing to hide then why is he going to any length - much less the lengths he is, simply come forward. The only conclusion is that he is hiding from the inevitable scandal by having the nation know the truth that he is illegally the president. And before he and his group of demigods destroy this nation, something MUST be done.
Will we see another mass liquidation that boosted the dollar last fall again in this bear market?
Larry, I want to know what to do with all my cash in my local credit union. Buy, physical gold? Buy other currencies and if so, how? I subscribe to Real Wealth, will you be giving us a very clear signal on what to buy in the market and to the best of your ability when to buy?? I am a fairly new subscriber and haven’t been able to buy in yet, waiting for your insights.
At 68, I am retiring from work early next year. I had enough given the economics of yesteryear and am probably OK for today. But what can I do to help myself survive what surely must be coming?
Thanks,
Stanl
Retired, and the two of us in sorry state of health. Limited savings, no mortgage, and long term care used to end.
No desire for any instituationalized care. Question: How to maximize savings in this dollar situation.
9/24/09
RE Larry & Martin,
The more I hear on this topic,both economics & financial ther happier I am for I know what You say is the REAL truth & not just someone talking like an (Air Head). I really look forward to reading all your Emails Etc. Martin, I don’t know if this is possible for you but is it humanly possible for you to send me an Email of this conference so I can read it at McDonalds for I get all my best reading done there. Sincerely Yours, John
With fixed income but substantail amounts tied up in savings and annuities, I feel vulnerable to regular or hyper inflation. Any effective strategy information would be welcome. Thanks
Myles
Hi Larry:
My b iggest concern is the loss of the value of the dollar. My husband and I are 88 years and 90 years old, and have a lot of money in CD’s and other dollar values, how can we save guard them for our Heir;s for years ahead, with the dollar being devalued. Is gold an option?
Thank you dorothy
Contracts are generally in nominal dollar terms. Therefore, with expected higher inflation, wouldn’t it be a good idea for a person to borrow now to buy real estate and plan to pay it back as far into the future as possible with depreciated dollars?
Larry & Martin:
Thank you for your insight of the current global economy. Currently, my Canadian RRSP is cash.
I plan to buy assets that appreciate: Precious Metals & Energy ETFs. I plan to listen to your seminar Oct 6, 2009 for financial investment ideas.
Dave
I only have about $250,000 left in my retirement fund. It is in a very low interest bearing account and safe.
Depending on what happens I need to be able to access it if I need to but I don’t want it just sitting there. It is all I have and at 62 I can’t afford to take risks.
What do you think I should do?
Larry, I am well past characteristic retirement age but blessed to be still employed at the chosen work of my life. Therefore, there is no way i can participate at the time schedule of the presentation but missing it is not an option. Please be sure to make it available over the week end when I am available and able to include my wife in the event.
Thanks.
kc
How will rental (income) property be affected? Hang on and pay off with cheaper dollars?
I’d like your thoughts on a rational approach to deciding whether to convert my ordinary IRA to a Roth IRA.
thank you, ss
Last week,China was screaming that the U.S.’s putting tariffs on tires would put 100,000 people out of work. They in recent years and Japan for decades have bought U.S. Treasuries, and the like, to try and keep their currency from appreciating against the Dollar, the currency of their biggest customer. So if the Dollar gets trashed, how are they going to compete? Until they can build their domestic economy it looks like they are stuck. Ask Japan about their experience with this issue.
What can I do? How can you help?
Do you think that the Chinese governent will push for a new global reserve currency based on a basket of metals including rare earths and silver ?
weiss gang: whats the plan—-hold gold & silver buy more on pull backs,invest global usa & foriegn markets, get rid of your dollars.
Is this the time to go all out in metals,oil,gas,specific gold stocks,uranium ect,or is there other ways and if so which ones?
There are some of us that have burned through savings in the past few years to the point that its about living almost paycheck to paycheck. In my case being in the homebuilding industry, I gave back many years of profit in a very short period of time. With children in college, and recently dealing with a long term congenital illness in the family (that was very expensive to treat)…I’m pretty much starting over at 51.
I survived the housing depression by getting creative, working with the lenders and reinventing myself. Focusing on paying down debts debt for the past year we are finally in place to begin investing again.
Although your client base is mostly investors trying to protect and retain their wealth, there are a lot of us trying to crawl our way back from the brink and simply survive. Will there be any advise for us in the webinar?
Thanks
BP
Your idea of the U.S. valuing gold at $2,000/oz to devalue the currency was interesting, but I’m not sure what the mechanism would be. It sounds like that would mean pegging the dollar to gold, which would be putting it back on the gold standard. Because I am a saver rather than a debtor I’m interested in anything that preserves currency values, but I noticed you don’t think going on the gold standard is a good idea.
I am also interested in the inflation/deflation debate but it still seems very muddled to me. People can’t seem to agree on what is happening right now, or even on whether prices are going up or down right now. I figure there must be major forces working in both directions, their relative magnitudes are not clear to me. It doesn’t help that the talk switches around from now to the future, and how far in the future, and money+credit changes versus price changes. It would be interesting if cycles research could shed clarity.
Of course I’m mainly just interested in preserving what I can and growing it if the risk is modest.
Greetings, Larry
And thanks for all the help over the years!!
As before, please put the webinar in print form for those of us who need it.
Thanks and Blessings!
eunice
Larry , Could you please Explain the overt abandonment of the (truth in disclosure or failure to disclose) of our country’s true financial predicament by any and all economists or congress? If your fearless ,please tell it like it is . Money isn’t so mystical . You either have it or you don’t . You either pay your debts with it or you borrow someone’s money like tax payers, to pay them with , Not!!!!!!!! Which by the way reminds me of a bankruptcy rule , for discharging debt , since If It were my Bills Which they are not ! I’m no crook , if i really have a solid chance to make money in a investment , I’d borrow all the way , but I would consult my creditors first to get the green light , so is this what the g20 closed session meeting is all about or is it something more diabolical ? To me corporate fraud and personal fraud are the same, ( if you know your going broke and continue to borrow on cards or any instrument , fed funds, bonds , who cares what you call them , its not your money, its fraud and it’s none Dischargable, but if you have no assets you are so called judgement proof ,Your creditors have nothing of nothing . Well , What will keep our banking system, our countries creditors from trying to collect on us Americans and kick our butts in world debtors court.??? Doesn’t our country have plenty of assets ! Gold bars maybe ,But wait ! Come to think of it , They Did try to sell some shipping ports not too long ago ! I know Russia sells trips to our space station to produce income . Hum! I bet that’s why the shuttle was built to carry more people at 20,000,000 each they might even lessen the leg room to maximize profits ! Maybe that’s why they were going back to the moon , they could charge more . But in 2001 there was only one person besides crew in this huge ship , man! must have been a recession . Perhaps they are planning to socialize the worlds economy and forgive all debt! Yeah that’s the ticket . That would be jubilee But they don’t forgive . I personally think that’s the answer ! anyway , Didn’t Mr. Carter use diamonds for money( I heard if they freed up the monopoly on them they would be worth about .50 cents for the little ones) ,and he was a cop from somewhere more advancd . I have Fear for my place of birth,of the coming Judgment ! Weather by man or God ! Please prove me wrong . Show me how we can keep our country . Please !!! But you know, Who am I to ask ?
I , like some of the others am concerned about the possible confiscation of gold since the law still exist’s and the government considers” holding gold is a privilege, not a right.” I think Switzerland is the only country not willing to voilate their clients trust. But they are no longer accepting anyone to open any new accounts. If I am wrong concerning Switzerland please let me know. Or if there is any alternatives to help protect gold assets.
Dear Larry !
Living in Europe, How can I profit from this dollar crisis ? I use €uros to live not USD, just to remember. I already sold most of my USD and hardly trade in US Stocks. You will have all my gratitude if I can get the right answer.
I am about to turn 62 and will likely retire by next summer and am considering Cheyenne, Wyoming to relocate (to weather the storm that lies ahead). I am concerned about minimizing cash outflow for various taxes, utilities, transportation, minimizing the impact of Cap & Trade, storage of PM assets for security and privacy, what to do with tax sheltered retirement accounts, EE and I bonds, bank accounts, the impact of inflation and how bad is it likely to be, the safety of safe deposit boxes, attainment of a mortgage at the most favorable rates and terms, sale or disposal of an old house that will not pass an energy audit under proposed cap and trade legislation, transporting expensive and sensitive items over long distances, and more.
Is this $-currency-desaster confined to the $$ ? or will it drag down other currencies, like the Euro, as well??
Will there be a completely new currency or will we convert to a dominant Peso, dinar, Euro, or maybe Chucky Cheese Pizza Place and Video Arcade Coins are a consideration; being that the American dollar is becoming a burden for conducting usual international business. Last comment: Seems as if we some go back to the pirate ship era; “That’ll be 30 gold shillings mate!”
wikipedia: The shilling is a unit of currency used in current and former Commonwealth countries, and still used in countries that have left the commonwealth, such as Kenya. The word shilling comes from schilling, an accounting term that dates back to Anglo-Saxon times where it was deemed to be the value of a cow in Kent or a sheep elsewhere.
With only a limited amount of monies to invest (approx $150,000) what is the best strategy for an individual at retirement age to undertake? If the dollar continues to slide in value, how can I protect my meager buying power?
Can you please make this available afterwards so that those of us who are sound asleep down under can catch it. :-)
What are the obvious and hidden pitfalls and risks in investing in gold or commodities?
After losing 40 percent in the market I moved to CD’s but am about to go to gold and silver. What would be a good spread in gold and silver. I am thinking silver would be a good dollar replacement for daily trading (barter); gold in bars for long term protection
what is Washington’s and the FED’s endgame? What do they intend to do when the dollar has fallen and done all the damage it can to the US economy? Is the idea to force the USA to accept some “savior” currency in order to hide the huge amount stolen from the people?
Please help us know what to do with what is left of our retirement and investment accounts. We wer down about 30-35% from highs of October 2007 to last spring, and do not want to go down any further. Is the market a safe place to be now? what else, besides gold and silver are your recommendations?
Thank you,
Nancy
Tulsa, OK
How can we protect the savings we have? in IRA’s ? in savings? in CD’s
thank you
Wm
Some of your previous readers have the same concerns as I do. Like Herb Meyer, I would like to know how I can best shelter my meager earnings in my 401(k) and Roth IRA from the coming tax tsunami heading my way; like Klaus Putter I would like to know if other currencies are going to take a dive along with the U.S. dollar? ie. The Euro and the Yen; like Norbert Trokki I would like to know if my 401(k) will be safe (what are you hearing from Washington, D.C)and last, but not least, I don’t live “down under” like Judes but I am working during the times of your seminars so an overnight presentation would be appreciated even though I realized I would not have the opportunity to call in.
I also have an original question. Gold is a little bit too rich for me; after all $990 to $1,000 per oz.?; I can’t see how that would shelter me. I have been buying silver instead which I know has always tailed gold and it seems to me I can get more bang to the buck with it vs. gold after all I still remember when it hovered around $5 and ounce and I kick myself everyday for not buying it back then. At $16 and change that is slightly over a 300% mark-up. Thank You.
Wife and I are 80 yrs old and are risk-adverse and are very conservative at this point. We have 70% of our savings in Agency Bonds, mainly Fed Hm Loan Bank and Fed Farm credit Bank bonds. We use them like bank CD’s, buying at high interest rates, anticipating they will be called, and then reinvest them at decent interest rates, so for the most part, they are short term. We were successful up to last year, and now we are concerned about the safety of the remaining bonds Can you comment?
Greetings! I am very interested in how to save the little IRA that I have. I am a retired missionary that
is seeing my savings dwindling monthly. Also how can we stop Congress ? I have written to my
Senators and Congressman. They have responded but their responses have nothing to do with
the e-mails I send. To bad Senators are not limited to how long they serve. At first they do
fairly well then gradually they become more & more disconnected.
One question that has nothing to do with finances but has bothered me no hand. How come Congress,
President and Federal Employees are exempt from ObamaCare.
With everyone beginning to agree (hard to believe everyone can agree on anything!), that the dollar is on it’s way down and will eventually be replaced as the World’s currency, isn’t there some way to play this with a dollar focused inverse ETF or something?
Also, natural gas is at an all time low. Yes, there is over capacity and other forces out there to keep the price down for now, but winter is just around the corner and prices typically rise regardless. Shouldn’t we have a portion of our investments in a commodity like that to take advantage of a short six month gain?
Larry:
Does not the thousand trillion dollars of notional derivatives, fifty trillion dollars of outstanding
mortgage balances, mega trillion dollars of credit card defaults, social security and medicare obligations
outway the inflationary pressures of fifteen trillion dollars of printing press money–and therefore is currently
DEFLATIONARY.
Paul
Larry, I will be unable to tune in to the Oct. 6 seminar due to work obligations. Is there any way you could post the salient points on Uncommon Wisdom or on your blog? I follow your advice regulary and plan to subscibe to Real Wealth this week. I believe you are correct in your view of the US economy and the dollar’s future and would like to receive your regular input and recommendations. Thank you for all you do.
Barbara Rain es
Does it make sense to incur intentional personal debt (e.g. credit card, unsecured lines of credit) knowing that hyperinflation is coming (e.g. similar rationale as the US Gov, who we know is systematically destroying dollar value to pay back huge existing debts with cheaper dollars).
By intentional debt I mean debt incurred to purchase scarce, strategic assets (like food stores, physical gold and silver, medicine, etc.) with the intent to pay it back using cheaper, inflated (or hyperinflated) future dollars?
Simplified example: if gold = $1,000 oz today and purchase 10 oz using credit card; then in the midst of hyperinflation when gold reaches $2,500 oz, sell 4 oz to pay off credit card or line of credit debt, and retain 6 oz with no residual credit or line of credit debt?
Hi Larry,
Everybody is talking about the record deficits and the accelerating federal debt levels. And it is concluded from this that the dollar’s demise is a virtual certainty. I agree that eventually the dollar will go down dramatically. However, in between isn’t there a possibility that there is a deflationary collapse that will wipe out a good percentage of corporate and personal debts. I would argue against the immediate threat of inflation the fact that the amount of debt/equity that has between destroyed in 2007-2009 is much more than what the federal reserve has injected in the system. Hence there can not be inflation in the immediate future.
Sachin
critical steps to potect assets!!!!
Dear Larry,
I would like to know how lowdo you see the dollar going versus the euro and over what time frame.
Also I would like to know some of your more speculative trades betting on a dollar decline. My goal is to get rich because of this. To me there seems to be no way out of this mess. I just wish I could see the looks on the peoples faces who told me I was nuts twenty years ago when I was telling them that this would not end well. Several years later I remember buying OEX puts , the first time the money markets were becoming insolvent, and the powers that be came in and bailed them out. I lost my shirt and everyone had a good chuckle. My fear is that the government will somehow be able to pull it off again with shady accounting practices and the printing press. Along with the help of the financial media it seems to me that this charade could continue yet again. Please tell me why I would be wrong in that thinking.
The simple fact is that whenever I challenge CNBC on their coverage they spew the party line and no one ever seems to mention the inconsistencies in the arguments. I begin to wonder if they know something that I do not or that it is just because their jobs depend on a rising market?
Your insights would be very welcome.
Regards,
Glenn Hoepfl
It has been my contention (since they stopped publising the M3 supply number) we were headed for hyper inflation to de-value the debt, resulting in the re valuing of all debt and the issue of a new currency. Probably the Amero and probably based on the vale of some sort of a hybrid metals index. Possibly a combination of Silver, Gold, Platnum, Copper in varying percentages. How do you see this possibility and the potential outcome?
Thanks for all the good work you folks do. It is almost impossible to find a source for the truth these days. Your honest reporting is very much appreciated.
Dave in Ohio
What do you recommend as secure investments to protect against the declining dollar yet will also provide interest or a similar dividend? Holding gold or silver does not provide any interest.
Right now, everything is on sale at laughable prices. Look in the department stores, such as Kohls, etc. Clothing for example, marked down 70-90%! Stock up on everything that you may possibly need for ten years. A couple of years from now, Everything, from underwear to dinnerware, will cost ten, fifteen or twenty times more than they cost today. Make sure that you cut your overhead as far as you possibly can. Rents and mortgages (fixed rate, please!) will be the least of your living expenses. Utilities will skyrocket. If you own your own home, and intend to stay in it, now is the time to make sure that it is as energy efficient as possible. There are currently all manners of tax rebates that you can take advantage of. Regardless of how successful you are at protecting your assets against the coming economic onslaught, cutting your overhead to next to nothing, puts you ahead of the game, and currently it can be done on the cheap.
Are derivatives the common denomonator for the reason for all the bailouts that would make for a weak dollar to borrow more against it in hope that the rest of the world has problems and we can remain number one.
As it is generally agreed amongst the financial pundits that the US Dollar is heading for a fall,when is this about to happen and how will this affect the rest of the world;s economies ?
Surely if the US goes into freefall then the rest of the world will follow to much more disastrous effect ?
In 1945 with the aid of the Marshall Plan ,America was able to help Western Europe get back on it’s feet,and thus assume leadership of the Western World from the British Empire.This leadership is soon to go and America will eventually become more isolationist and like Britain will in the passing years fall into decline.
Since I am here to learn, I’ve already learned from the questions/comments posted that I don’t know enough to ask questions. Therefore, I will confine myself to the other alternative: listening ( and hopefully learning).
Thank you for the service you provide, and the wisdom you provide us. Keep it coming!
I am looking foward to your report and hope you will tell us how and and where to exchange $$$$
into Swiss francs or other good currency….thank you, Bill Broom
With all the printing of play money to pay for all these bailouts, social security, etc., are those of us who have legal tender or dollar denominated stocks going to crash completely when the dollar is devalued? I don’t believe the economy is improving, because in my town, Stockton, Ca. people are still losing their homes. And as a result, crime is at an all time high. Signed, “Worried”
In 50 years I’ve seen an explosion of human creativity, development, & awesome progress wasted. I am ex-UK’s Central Africa Command, I’ve watched countries destroyed by UK financial manipulation.
I see America using tactics it’s constitution was designed to avoid, electing from the bottom of the pile
global warming,el nino=haaarp. Carbon footprints=the entire planet is carbon, CO2 emmisions=Us I breath it out we all fart. WWF adopt a penguin so prince of wales can buy another country, utter garbage. I want to know how to transport and where to safely keep physical gold (in ingots) if these parasites actually suceed in destroying the financial system altogether. (Which now seems possible)
We are being offered a lifestyle out of chairman maio little red book, weird hats bicycles and drudgery
and the prolitariat is eating it up. The world water, air, and food supply is the very best it has ever been, The only danger to our planet is us, Africa has over a billion people, & 30 thousand elephants, and they culling the Elephants, Japan slaughters thousands of whales yearly, and the WWf wants us to adopt a penguin for £5 a month. Where the hell are they going to spend it, only people allowed into Icelandic supermarkets. Seriously, Is there a safe way to transport and keep a large quantity of physical gold in ingots? And can gold be identified by its stamed info? Thanks sorry about the rant.
Dear Larry,
What, to your estimate, will be the effect of deflationary forces on the dollar? On one side we have “helicopter Ben” who will do his utmost to create inflation by letting the printing press run like hell. On the other hand: if al sorts of “non productive debts” are destroyed the amount of money in the system becomes less = deflation. Is it also not true that Bernanke can “issue” dollars “ad infinitum” simply because somebody has to buy/accept them. So far the chinese people have done a pretty good job just doing that. But it seems to me that they are no longer prepared to just that. In other words; Bernanke might wish that he could print his troubles away but it could be just wishfull thinking if the new printed dollars can’t be handed out to somebody.
If his printing press dream comes to end and debt is destroyed on a large scale i see deflation winning= a higher dollar. I see this at least for the short term (half a year at least) and then after enough debt has been destroyed inflationary forces will win and that might even lead to hyperinflation.
Can you comment on this view?
I am looking forward to your respected opinion on this matter.
Ronald van Amelrooij
The Netherlands
rvanamelrooy@cs.com
I have a desktop gadget that gives conversion rates for currencies, it is set up for comparing the US dollar to the Euro. The conversion rate has been near $1.465 to 1 Euro for about a week, maybe longer. I wonder, after reading an article from your company, if there is a better source for me to find the US dollars’ real value. Can you point me in the right direction ?
will you please tell what a person with little (little) to invest , should invest in?
I think it is cynical to list pictures of the current President’s administration when we all know the real administration that really put us in this mess. We need to really think outside the box, and look at the big picture here. I am not worry because I know how to survive. I was once homeless with no money, and did not look like it. Because I knew how to survive. I know who deeply owns every thing anyway, which is GOD himself. When we die, we can’t take nothing with us anyway. We are here to serve and leave a legacy for our children, and for them to leave a legacy for their children, and so on. We need to stop paying things in cash (federal reserve notes), and have things direct deposit and use our debit cards. We can definitely get out of this massive debt for something as simple as this concept.
Will you tell us:
1) Will the stock market crash in the intermediate term(ie: a year or 2) meaning going back to february lows or even lower?
2) The proportions of our portfolio’s that we should hold in Gold and silver, oil, and the other asset classes you consider we should hold?
hi, can you please give an insight into the Australian stocks that you see being the biggest gainers over the next 12 months
I’ve got salespeople crawling all over me from several major national gold companies. One day one will call and say: Gold just went up $22 per ounce to $1,016! You’d better get in before it’s too late. The following week after gold plunges to $986 another one is yelling about ‘taking advantage of this price dip to get in now!!” I believe gold is one answer to the willful destruction of the dollar but, as one auto adjuster put in in Connecticut in the 1970’s
“Just who is jerking who off?” in regard to gold? Thanks.
–Bob Curran
Larry, I would like the Forum opinion (to include Martin) as to a possible timeline of Deflation vs Inflation. I realize that no one has the exact forecast or insight as to exactly when our economy will turn Inflationary as opposed to current Deflationary, however a general consensus by yourself and associates would be appreciated.
Sincerely Yours,
Charles Stanley (an avid fan)
Please focus your attention on personal level instead of a global level. We need to know what, where and how to invest the remaining funds we have without a lot of risk.
I need advice on my small retirement of about $160,000. It is invested in Mutual Funds, some gold co. MF and Franklin funds, some gold and silver ETF’s. It has just now regained most of the loss incured from last Stock market losses and i don’t know if i should sell or continue to hold long term as it looks we are headed at some point in the near future for a dive again. I am 67 and don’t have years to build up again. I will need to live off the interest in the next few years. I have a broker and am advised to just hold on. Any advice would be greatly appreciated.
Larry-The dollar was devalued after WWII at the Bretton Woods Accord-(I think)-What were some of the ways people profited at that time, and when the Romans devalued their currency on numerous occasions? Thanks, Greg
Will U.S. interest rates follow the commodities to the sky?
I will be looking forward to listen to your dollar pllunge as expected
I am retired and have most of my mony in canadian trusts and prefereds and gold. Looking forward to your talk
Where does gold fit in the equation at the present time. Buy now or wait!!!!!!!!!
Hi Larry,
thank you for sharing with us the results of your research. I enjoy reading your articles.
Talking about the devaluation of the US$, and the expected inflation in assets, wouldn’t be a good time to buy a new home in some upsacale neighborhoods at maybe a little discounted price ( 5-10%) than the asking price. Wouldn’t that be a good hedge against inflation.
These houses are, in general, substantially down in price, some 20-25% and more of their value of three years ago.
Thank you,
Jules
Larry,
I found articles talking about inflation and all that dating from 2003. I wonder why nothing has happened so far. There is inflation. But I do not feel much of it.
In a socialist country, inflation happened when the government raised the sallaries for workers while there were shortages of goods. Here, except for the minimum wages, the sallaries can not be raised by the government. And here there is no shortages of goods. How can inflation happen here?
Jane New York
name 5 securities which will will go up if your scenerio happens as you envision.
Larry,
I came to the knowledge that our nation was hit with a cyber attack on our economy back in August or September 2008. It was reported on CNBC and the Fox network.
The attack was composed of several small nations, all of them were anti-america of course, and all of them hit us at the axact same second, with their super computers and wiped out our largest brokeridges and several banks, one of them was Bank America. Another was AIG. Did you hear about this? I heard it reported by CNBC on their 9 pm show and a friend of mine heard it on Fox, late in the evening. But think about it…it all makes sense
Sincerely.
Richard Mcd.
Hi Larry - I’ve been reading your alerts & letters and wondering: (a) re GOLD: when, exactly, should I invest (more) in gold? I now have just 2.2% of my total portfolio in GLD (ETF). What is the best way to buy the Austrian or Canadian dollar (or other easily traded coins? Is there one best buy for a good miner? Two? (2) What can I do to invest, easily and safely, in SILVER? Is SLV good? (3) Are the ETFs safe? I read recently there was a question about GLD not actually holding the gold as it should, but haven’t seen since. (4) Is it a good move to use a few ETFs to invest in the emerging markets and commodities, rather than individual stocks, which are usually more risky? (4) How about CURRENCY investments? Only 175 currencies (as opposed to thousands of companies and funds; harder to cheat w/a currency than w/a company, accounting, etc.). Are the principal-protected BRIC DCs (one at Everbank for 3 years) a good idea? (5) If the DOLLAR is on its way to extinction via inflation, what are foreign-currency accounts which I might use instead of my checking here, e.g.? (6) and FINALLY, is this dip in the market the beginning of the long BEAR market we’re expecting? I took some $ out of equity funds on 9/15, but am holding about 50% of my money in equity funds, mostly in my 401K. Thought that may be safe until the end of this year. Yes? No? THANK YOU FOR ALL YOU’RE DOING to get people safer and able to make some money for the future! Margaret
If, as is claimed, 15 trillion dollars was destroyed in the meltdown of equities and housing,then why cant the govt. create 15 trillion and thus be even?
With the cratering dollar and exploding debt via monetization, why hasn’t gold been able to break out to the upside? Seem like something has been holding it at the current levels for quite some time.
Larry, ” They had to create a crisis to step in .” The socialized economy is unfolding before our eyes . Will have world policing of the economic conduct of every nation . Except the Banksters ! The french called for a cap on bonuses , they should remove the temptation to manipulate the large almost sovereign wealth size amounts of money to create profits , Without regard to the damages it could cause the world economies. Of course this was rejected by all countries ! But the IMF will be able to ” Impose its recommendations ” on the country with a debt judgment against it . The International settlement bank , fosters the IMF .The new world economic system is permanent and will tell any country how to consume and what and when thus! Green legislation to intrude into their economies without directly interfering with sovereign rule . Are you Brave ? Could you please tell me how this will effect the value of a buck ? It looks like the G20 meeting was a cross between George Orwell and Revelation ! look up news on fri.25 g20 . But Who’s money is it anyway? What’s Gold Got do with it ? What about debtor nations anyway? What Are G20 an the IMF planning ? If you could comment on this in your coming broadcast it would be appreciated , As have all of your previous on the money predictions have been at least as long as I’ve been reading you ! I am looking forward to seeing you soon on the show!
Please indicate in your comments where best to store gold bullion or coins for safety and accessibility in case of major crisis…for example: bank extended holiday, potential home break-ins?
Many thanks!!
Sir i would like to hear you elaborate regarding the $. And how do we know when to buy or sell it. if I were
trading the EUR/USD and if the $ goes down—does that mean it is okay to buy the EURO ??? and sell the $
what some of the signs that someone should look for if the $ is falling ??? if possible I would also like to
hear about commodities, precious metals, especially silver !! do you have a projection as to when the $ will go
into a tail spin ??? what country wants to have their money as the worlds reserve currency. is it China ???
if this changes happens will it be overnight ??? how much greater can our national debt increase, before others countries decide that have had enough ?? and pull the rug from under us. if this happens, it will be a great embaressment to us !!!!
online trading for people is quite expensive (e.g. having pay a fee per trade) and rates of stock, EFT’s, exchange rates etc. are deliberately delayed (by 20min for example) by brokers/banks which i see - one hallmark of stratified societies - as instruments to fleece ‘Joe Block’, i.e. the suckers. How to work around this as far as this is possible?
Thanks for invitation..Please cover all investment options to protect us from eroding dollar..I am not an expert investor, so please be precise. Maybe post instructions after the seminar to help us common folk.
Thanks again,
Ron
Hello Larry! Good article. What makes you think China and other goverments will stop buying and supporting treasury bonds? Doing so will cause interest rates to rise out of control and destroy the value of their current holdings. China and other goverments who own treasurys are stuck in this mess in my opinion. Since China is still a savings nation, and not a consumption nation, how can they afford to get out? What other currency would they purchase? The Euro is in worse shape than the dollar. Gold can only handle so much of the volume because of its physical limitations. If we go down, so do the rest of the markets. Hopefully hedge funds, private equity firms, sovereign wealth funds, China and the Arab Emirates can finance our free enterprise system and keep investing in the US and financing new businesses to improve productivity so we can start paying for some of this mess. Obviously the newly regulated banks are not going to be much help. Tom
Because of advanced age (97) I am precluded from the benefits of long range planning. What are the short term prospects available?
I do not have great wealth, funds in everything that comes out of the ground, some physical metals and coins, royalties, rents, home & vehicles, some physical metals and coins. How to conserve and build upon these is important. I am well versed in survival and disaster preparedness.
There is no security in this sinful world. Our only hope is in the Saviour YAHUSHUA. However, I do like to be informed, but on the downside, I have dial up, and it takes an hour to download a 2 minute video. (I am low tech, so my question might be dumb… feel free to say it is if it is) Would it be possible to stream just audio, and add a few charts as necessary? (Looking at your smiling face, while not bad, doesn’t add a whole lot to the information presented…. :-)
What are your thoughts on gold during this financial crisis?
Larry,
I would like straight talk on what to do with my retirement money for the long haul. I just retired early last year and tried the Contrarian Portfolio by Martin & Claus. I haven’t been impressed with their strategy as they seem to be behind the curve and I have lost confidence in them. I however have great respect for your past performance and ability to plan realistically for the future. I am following your lead with the Real Wealth Report. Do you have a plan that can be used for my entire nest egg so that it can support me in the future?
Thanks,
John
What is the Federal Reserve? I have been told that it was founded in secrecy in 1913.
How do you think the super rich define use and manipulate money?
I am very interested in how this is going to affect the value of real estate. Is this a good time to buy?
I hope you will be discussing your recommendations for our real estate holdings. Should we payoff existing mortgages with old dollars or continue to watch the value of them go down and then possibly pay down the mortgages with new less valuable currencies?
I am in the trenchs of the real estate sales and lending business. In CA I am witnessing a 50 to 70 % devaluation of some neighborhoods. I have not read about the cause and effect of the massive looses that investors are faced with these devaluations. The average home loan in a short sale or foreclosre is a loss on average of $ 200,000. I can validate that $ 200,000. I have a 35 homes under contract, that is an investor loss holding MBS securities of 7 million. I am just one little piece of the market.
Isnt the Federal Reserves printing and buying these securties from Fannie Mae and Ginne Mae just injecting into the system money that the devaluation of real estate, the short sales and the foreclosures are destroying in dollars. Each Foreclosure and Short Sale indirectly affects the money supply doesnt it? So if the Fed prints and buys more home loans keeping money moving in the system, replacing some of that which was lost? If the Fed does not buy Fannie Mae and Ginne Mae bonds, we would not have a mortgage market and we would be in some real serious trouble.
I believe the Fed has no choice, it has to keep printing. The banks are sitting on a Massive amounnt of defaulted housing inventory, both short sale and foreclosure properties. It is extremely hard to measure the extent of this inventory in indefault.
Please comment on your opinion of these losses vs the printed money.
WHY DOES SLOWER LENDING CONSTRICT THE FLOW OF CAPITAL?
The worldwide recession halted nearly three decades of expansion for international capital markets. The total value of the world’s financial assets fell by $16 trillion last year, to $178 trillion, the largest setback on record. Cross-border capital flows, which include foreign direct investment as well as lending and other activities, fell 82% to $1.9 trillion from $10.5 trillion in 2007, driven by a sharp drop in cross-border lending. The trend appears to have continued in the first quarter of 2009, with global capital flows falling to an estimated $1.5 trillion on an annualized basis.
siting stats: HarvardBusiness–Daily Stats
Sir: In Argentina the peso declined I believe 74% overnight. Will the dollar fail as quickly or do you think they will give it a slow death - e.g. a couple of months vs. 6 months to a year?
Thank you. Cynde
If the Fed keeps printing vast amounts of new money, how can they keep interest rates low?
Seems to me long term gov bond rates should be climbing, and CPI numbers should be indicating inflationary trends. In reality, long term gov bond rates are slightly dropping and CPI indicates no inflation. In fact Ibond rates are deflationary???
I’VE BOUGHT GOLD COINS THINKING THAT’S AN ANSWER. I LOOK FORWARD TO YOUR
SUGGESTIONS. THANKS,
Dear Larry, Just got an Email from Congressman Ron Paul, he would be selling his book - End The Fed tomorrow - in NYC at Borders right in heart of the financial district 100 Broaway at noon. This book, the first anti-central banking bestseller in American history, debuted at #2 on Amazon.com - One businessman bought 23 copies for all his 23 employees. I will buy some for my friends for Christmas. Please get a copy for yourself. Thank you for your sofisticated financial information. Kind regards, Gloria
anyone who thinks that with the amount of contingent liabillitites that we owe, we cannot depreciate the value of the dollar is living in la la land. There is probably only one thing that is likely to +++hold it’s value against the depreciation that is coming and that is gold and possibly silver. Honestly, if you study Bernanke and his feelings about the great depression, it is the only conclusion you can conclude.
Larry, Besides gold, what Foreign currency’s would be good to invest in? I would think that it would be wise to get some of your money out of the dollar as soon as possible.
1. Can you record the webinar so we can view it later? We can’t set up our computers to record it ahead of time because we have to go through the log-in process just before the webinar starts.
2. Can you reccommend any good brokers or dealers to use for purchasing gold or silver coins?
3. Do you think “junk silver” (old US silver coins) would be usefull as a medium of exchange or for bartering? Does it make any sense to own some?
Thanks,
Ken
Do you think the govt will have a bank holiday? Pay everyone so much on a dollar?
In 1996 they the govt came out with a currency called the amero. they quickly sold out. Then it was quiet. Do you think we will get new currency & trade with mex,canada. europe trading with euro then all the other asian countries with the yaun…..? something I read
I would love to sell my house 1rm.to purchase another. With this economy do you think the housing market will drop additional 30%-50% I see the value dropping but them taxes & insurance sure dont
I am 55, female, on my own with 2 college sons, only started 403B at work 3 years ago which I put all in fixed acct due to fear, know nothing about investing so what do I do with no extra income to try to protect myself
Larry,
I agree that I am not happy with rampant government spending and bailouts. I certainly can’t get by with this in my personal budget! We have seen a major decline in the dollar verses foreign currency only recently.
I don’t have a lot of cash but have some money in my own home and a couple of investment properties. Should I borrow some out of real estate for cash investment? How will the future effect my real estate? Also my parents have money in the bank doing little or nothing for them. How can they protect their cash for the future? They also have money in real estate.
Thanks for your response,
Rand Wood
I am young, recently married, still in grad school, and basically just getting started. I don’t have any wealth to lose. I don’t earn much, but it doesn’t take me much to live, either. What would you advise me? I have nothing really to invest, but I also don’t have anything to lose yet, either. How do you think the future changes may affect my quality of life?
Thanks for taking our questions,
Lani
My questions are as follows:
Impact on private pension funds, i.e. insurance companies and their committed payments;
What it means in terms of national, regional and local taxes;
The potential social and political changes that this event may evoke;
Will it make any difference if you have no debt but own property.
HOW MUCH IS A TRILLION DOLLARS ???
Debt means nothing to the D.C. thieves. A ‘trillion’ is no more intimidating than a ‘billion’. After all, those two words sound much alike. Most people, yes, most!!! ppl, don’t have any idea at all about how much a trillion dollars is. We just say, “It’s a lot”.
Try this sometime. Ask a person, anyone, to explain in terms that one can understand, “How much is a trillion dollars?” Here is one explanation.
Think of counting a trillion dollars in the terms of seconds on a clock. How long would it take to count a trillion dollars !?! Let’s say that we will count one dollar bill per second, day and night, 24/7 until we have counted one trillion of the greenbacks.
Compare a million, a billion, and a trillion. A million greenbacks could be counted in about eleven and two thirds days.
Lets go on to a Billion. One billion greenbacks could be counted in thirty-one years and about eight months. By using a little 5th grade math we then learn that a trillion greenbacks would require thirty-one thousand, six hundred and sixty some years to count; one bill, one second at a time !!!!!!!!!!
You won’t believe that, I know. So I say, go figure it out for yourself
Lemoyne
DEAR LARRY, I’M A 65YR OLD WHOSE FATHER LEFT HER AN ECON0MIC ROAD MAP. HE SAID WHEN ” THE TAIL STARTS WAGGINGTHE DOG” WATCHOUT,WHICH MEANS THE SAME THING ADAM SMITH SAID IN THE 1750′S. “DEMOCRACY WILL LAST ONLY AS LONG AS THE MAJORITY OF POPULATION DOESN’T REALISE IT CAN CAN VOTE ITSELF UNEARNED GRATUITIES. AFTER THAT COMES VOTE BUYING AND A SLOW SLIDE TOWARD SOCIALISM. THE PUSH BY OUR GOVERNMENT TO EXTEND HOUSING LOANS TO THE “UNDERPRIVLEDGED”,AS A VOTE BUYING OPPORTUNITY DOOMED THE ECONOMY. IN ORDER TO SELL THESE HIGH RISK LOANS DERIVATIVES ESCALATED. IN ORDER TO SELL DERIVATIVES, RATING INSTITUTIONS HAD TO CLIMB ONBOARD AND I’M SURE DEMANDED THEIR ” CUT OF THE PIE”. NOT SURE WHERE WE’LLGO FROM HERE BUT IT SURE IS INTERESTING TO HAVE SEEN MY FATHERS LESSONS PLAY OUT. BUY GOLD! ENJOY THE RIDE! THANKS FOR YOUR EXPERTISE!!! A SUBSCRIBER, E PYLE
Good day, I’m a regestered member for a year now but don’t know where to start to invest with little that i have.. My 457plan and pension plan is slowly vanishing away. Not including tressury bill that I have deducted from my check for my kids future. where do i start to stop this erosion. sign help.
I know this is for investors but please give a minute or two to low income people and people on Social Security or Disability since they are the least likely to be able to handle the situation and most in need.
Thank you for the great info.
Larry
In your 36 page Bernanke’s Secret Debt Solutions discussing how to buy gold you mentioned on page 22 four favorite gold dealers–one being FideliTrade in Wilmington, DE
Today Oct 5 your Feverish Pitch for Real Money said again when buying gold from a dealer don’t store your gold with them—————does that include FideliTrade ——–I live in DE and am ready to purchase
$50,000 to $100,000 in small bars (segregated and non-fungible)?????
Please respond soon,
Regards Robert 4436207
My concern is what beating will everyone take that has a 401K fund in short term treasury notes if the US dollar continues to lose it value. This is important especially for those already in retirement or will be in retirement within the next 5 years.
Hi Larry,
Please take a few minutes and go to this website( now and the future). Apicture speaks a thousand words. Just think how the average job in Germany in the 20`s was being a coal miner and see there in the chart how the wages of this job did not go up at all with the hyperinflation.