Larry Edelson’s blog

Here are a few of my responses from the comments on yesterday’s blog post. My questions to you were:

How do you think mutual fund money managers and Wall Street brokers and pros make these all-important decisions?

Are they just guessing? Shooting blind? Or do they have tested, reliable ways to structure portfolios that truly do minimize your risk while maximizing profit potential?

Elizabeth - 01.20.10 at 11:39 am

I think too many Wall Street insiders are exactly that — insiders, operating with too much foreknowlege due to deliberate manipulations by those who make money when stock goes in either direction. What I find so infuriating is that the average American investors (Jack and Jill with their 401(k) plans) are so clueless, and so manipulated, and the targets and victims of predators completely out of their league. Theft and deception is the name of the game. People are slowing awakening and wising up. The financial system is not only sick, but dying, and will bite the dust. At this point I just stay out of the paper and digital games, and only buy physical product precious metal and store it in locations I control.

Dear Elizabeth,

You’re absolutely right, there is no doubt lots of insider info Wall Street uses to their advantage.  But they’re also obviously, not smart enough to use their strategic advantages to time their investments (and the ones they pitch to the public), accurately enough. If they were, they would have avoided the real estate meltdown!

My view is that Wall Street itself gets all too caught up in crowd behavior, and very often, cannot see the forest from the trees. So they are doomed to getting the major turns in markets and the economy, wrong. The key to successful investing is to use the history of the markets and its various sectors – they are full of objective lessons to be learned! — Larry

Dennis Healey - 01.20.10 at 11:40 am

Larry,

My opinion isn’t worth much, but here it is:

1) Fund managers and the like must know something but so many of them are so wrong most of the time that what they know doesn’t amount to much.

2) Their jobs and reputations depend more on not getting it wrong than getting it right, and their bosses demand instant and constant results so that they are stuck in the short term. Strange when their advice to clients is usually “Buy and hold.”

3) There are lots of people who have been, Gann, and are, Buffett, successful investors and traders.

Gann wrote a book about his methods and proved they worked. I believe Buffett says very little about how he does it, but he does it convincingly. I think it’s called talent, and some of us have it in spades, in all sorts of fields, concert hall, sports, or market.

4) I would put my money, if I had any, on numbers and patterns.

Dennis Healey

Dear Dennis,

I agree – despite many attempts at reform, even the current ones – Wall Street remains as biased an industry as there is, and full of conflicts of interest. The street is largely driven by here and today, by the commissions they can generate, the profits they can garner short-term – and all at the expense of the public.

As you note, and I express to Elizabeth above — The key to successful investing is to use the history of the markets and its various sectors – they are full of objective lessons to be learned! — Larry

Steve Beckle - 01.20.10 at 11:42 am

I think their hands are partially tied by the mutual fund’s requirements to be x% invested in certain stocks (e.g. large cap, growth, etc based on the fund definition), preventing them from moving into cash during obvious bear market conditions. Risk avoidance is not part of their M.O. as evidenced by them continuing to buy and issue buy reco’swhen the market tanked early last year. Given the overall poor performance of the funds in 2008, I would have to say they’re all pretty much following the crowd and the funds rise and fall close to the major indices in general. As anecdotal proof of this, a friend of mine quit his job as a youth pastor, joined J.D. Edwards as a financial consultant with no experience, and after 6 mos. training was certified as a financial adviser with that company. Rather scary.

Dear Steve,

Yes indeed, Wall Street is all about risk, the problem being, they risk “OPM” – Other People’s Money!  How can we change that? My view is that part of regulatory reform should be to require a certain level of education for brokers and financial advisors that bases itself upon a rigorous study of the history of markets, economies, and past financial crises. There is none of that on Wall Street. Ask your friend, trained for just 6 months before becoming a financial advisor for J.D Edwards. Ask him what he knows of the Panic of 1907 … the Great Depression … the origins of the Federal Reserve – and even the recent tech wreck or real estate and mortgage bust. With all due respect, if he knows anything about them he is likely self-taught, and a very rare person. — Larry

Rob Lane - 01.20.10 at 12:15 pm

Larry–

I have a degree in Economics plus some graduate work, so that may give me a slight advantage when looking at trends in the economy and market sectors. Of course I may as well be overconfident in my own ability as contrasted to the “pros” who do in-depth analysis and pick stocks for the mutual funds.

Being retired (since age 51, now 70!) I am extremely cautious with my investments. A person with limited means has to carefully weigh the risk/reward balance. I think that most fund managers are slightly more aggressive than I am comfortable with, although most do a creditable job for their investors. I would rather go with the fund that has shown solid performance over many years than a hotshot fund that varies widely in performance, posting a loss one term and a 60% gain the next.

As to your specific question, I think that the great majority of fund managers do take their fiduciary responsibility seriously, but the depth and accuracy of analysis between funds varies widely. I doubt seriously if any fund manager goes strictly by gut feel. Of course, there will always be those slimy individuals and companies which treat the investors’ funds as their private piggy bank and manipulate funds so as to generate the largest commissions possible, regardless of the best interest or risk tolerance of the client.

It all boils down to getting a trustworthy fund manager within your risk tolerance framework, then watching him like a hawk!

Dear Rob,

Kudos to you for using your educational background in your investments and taking control of them! I think Wall Street is conditioned to perform poorly for two major reasons …

A. The short-sighted need to generate commissions every day

B. A very serious lack of education in the history of markets, market panics, and overall macro economics. — Larry

Lynn - 01.20.10 at 1:20 pm

I think Wall Street is just as confused as the rest of us. They would lead you to believe they employ modern portfolio theory and allocations - but their decisions are driven by their bottom line - which is very seldom the individual investor’s bottom line.

This question is timely because I am trying to decide whether to hire an investment manager. The hype is that they are unemotional and have vast amounts of backroom research to follow all the trends in the various asset classes and interest rates. This is still a version of “we can beat the market”. Your questions in these blogs - point to the underlying questions most investors now have - what is the “market” - is buy and hold still a viable strategy - who can I trust with reliable advice - etc.

Thanks for making us think thru all this.

Dear Lynn,

Right on! Their decisions are all too often driven by their bottom line, not yours! The biggest problem: A lack of education in the history of the markets, in the real patterns that give birth to market movements, and what I call “linear thinking”.  Today’s world is too complex for linear thinking. One must think dynamically, and question everything with a scientific and historical rigor. Otherwise, as the saying goes, one is doomed to repeat the mistakes of the past. — Larry

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I have a special favor to ask you. And if you say “yes,” this could be great fun AND help you make money in the weeks ahead.

Last week, I asked you to jump over to my personal blog to answer two, simple questions …

Question #1: How are YOU deciding whether you’ll invest in (1) domestic and foreign stocks, (2) gold bullion and other precious metals, (3) energy and natural resources, (4) foreign currencies and/or (5) bonds in 2010?

Question #2: How do you know how much of your money to invest in each area?

Ever since, we’ve been getting great investment insights as our readers weigh in on these two all-important questions. Plus, I’ve also jumped in personally to add my responses and thoughts on the blog.

But the answer our readers have posted most often will probably surprise you:

The largest number of our readers decide which asset classes they want to own — and how much money to invest in each — mostly by sheer instinct!

Dr. S.W.B. says, “My investment decisions and percentage allocations come from a combined alignment of my head and gut, with a strong emphasis on self preservation through diversification.

“Only when I feel a convincing internal ‘Go Ahead’ do I move into an investment position and move out quickly when new conditions or information places that investment in doubt.”

Bob M. says, “I’m not sure how I know how much to place in each area other than a ‘feel’ for which areas provide me with the most defensive position while trying to gain some income and spread risk.”

David M. comments, “I don’t allocate percentages, although I ‘feel’ percentages by what is going on.”

John P. adds: “I really don’t have a methodology when it comes to asset allocation. Unfortunately, I think I follow the crowd too much.”

Rehler says: “I follow gut feelings for my investment decisions.”

Bob L. puts it this way: “Reading through some of the comments I realize I have not done a very good job of analyzing the allocation of my investments and will immediately undertake the task.”

Hartmut R. concludes, “I really have no system. I am anxious to hear of a way to invest systematically and rationally.”

So why are so many otherwise sophisticated investors merely feeling their way through the portfolio-building minefield?

My guess is that it’s because no one has provided a reliable way to know which investments are best suited to the current environment — let alone how much of their money they should invest in each!

That’s more than surprising. It’s a bit frightening when you think about it: If you’re among them, you could wind up owning too few of the assets most likely to rocket higher and too many of those likely to decline in value …

Or worse: You could find yourself owning all of the wrong assets for the current environment and none of the right ones!

So now, here’s what I need your help with: Your answer to today’s question of the day. Just click here and use the comments area to give me your answer to this:

How do you think mutual fund money managers and Wall Street brokers and pros make these all-important decisions?

Are they just guessing? Shooting blind? Or do they have tested, reliable ways to structure portfolios that truly do minimize your risk while maximizing profit potential?

In the next few days, I’ll be reading my blog and commenting on your blog posts. Then, next week, I’ll send out a follow-up email with my own thoughts on how to build the optimal portfolio for the year ahead.

Best wishes,

Larry

P.S. Due to overwhelming response here on my blog, I cannot personally respond to each and every one of your comments. However, I’ve recruited two of our best analysts, Amber Dakar and Mandeep Singh Rai, to help me reply to your postings.

{ 280 comments }

Click here to answer now!

Dear Investor,

It may be the single most important question you’ll ever answer as an investor: How do YOU know which asset classes are most likely to generate the greatest profits in the months ahead?

How do you decide what percentage of your money should be invested in domestic and foreign stocks?

In gold bullion and other precious metals?

In energy and other natural resources?

In foreign currencies?

In bonds?

Get this one question right and you’ll have an “unfair” advantage over nearly every investor on Wall Street. You will have taken a huge step towards making 2010 a banner year — perhaps one of your best ever.

Look: Everybody knows that a rising tide lifts all boats. Just keep your money in the strongest asset classes and you’ll have a huge tailwind all year long. Even if the individual stocks, bonds and funds you buy within each investment area aren’t home runs, you’re still likely to come out smelling like a rose.

Plus, if you diversify your money across the assets that are most likely to rank #1, #2 and #3 in performance this year, you can invest more in the most promising asset classes, progressively less in the others, for the likelihood of even better overall results.

In short, you can build an intelligently diversified portfolio that helps protect you against losses and also gives you world-beating profit potential.

Please do NOT underestimate the importance of getting this right. If you get it wrong — if you have too much money in the wrong asset class — you’ll be bucking mighty headwinds all year long. Any gains you make in one area could easily be wiped out by losers in another. Worse, if you get stuck with too much money in an asset class that crashes, you could lose 30% to 50% of your money or even more.

So today, I need to know how we can better help you build a truly diversified portfolio that focuses your money on the types of investments most likely to soar in the months ahead.

Just click here and leave a comment to give me your answers to these two, crucial questions:

Question #1: How are YOU deciding whether you’ll invest in (1) domestic and foreign stocks, (2) gold bullion and other precious metals, (3) energy and natural resources, (4) foreign currencies and/or (5) bonds in 2010?

Question #2: How do you know how much of your money to invest in each area?

In the next few days, I’ll check back here frequently and give you my feedback. Then, next week, I’ll send you a follow-up email with my own thoughts on how to build the optimal portfolio for the year ahead.

Best wishes,

Larry

{ 134 comments }

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It’s starting to look like the Fed’s going to need a skyscraper-full of new printing presses …

In a statement released yesterday, the Federal Reserve said,

“To provide support to mortgage lending and housing markets, and to improve overall conditions in private credit markets, the Federal Reserve will purchase a total of $1.25 trillion of agency mortgage-backed securities and up to $200 billion of agency debt.”

That’s a total of $1.45 trillion! Where’s the Fed going to get the money? Simple: They’ll have to PRINT it — create it out of thin air!

Plus, even former Fed Chairman Alan Greenspan is beginning to panic about the dollar’s decline, warning that total U.S. private and public debt — now at 84% of GDP and still soaring — is “very dangerous” and threatens both long-term Treasuries and the dollar.

Thank you, Mr. Greenspan!
I couldn’t have said it better myself!

This is precisely what I’ve been warning you about: Bernanke’s secret war on the dollar. One of the greatest explosions in the supply of unbacked paper dollars in history.

The really bad news? Bernanke’s inflationary chickens are just BEGINNING to hatch. History shows us that it takes months — sometimes years — for the full impact of an explosion in the money supply to be felt.

That means you can look forward to many more months of a collapsing dollar … and many more months of evaporating buying power.

I’m FED UP with Washington’s callous war on the dollar
— and on Tuesday, October 6,
I’m going to help you DO something about it!

The good news is, 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 slashes 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 …

• 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.

• 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.

• 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.

• 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!)

• 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.

• 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 the invitation I sent you to them.

{ 550 comments }

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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 …

• 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.

• 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.

• 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.

• 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!)

• 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.

• 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.

{ 141 comments }

Click here to post your comments …

The U.S. dollar resumed its swan dive overnight, hitting brand-new, one-year lows.

Meanwhile, gold — the world’s ultimate dollar hedge — surged nicely to within an eyelash of its all-time high.

But it should come as no surprise that global investors are beating the dollar like a red-headed stepchild.

After all — they know that U.S. Treasury Chief Timothy Geithner is going panhandling this week — begging and borrowing every penny he can to fund Washington’s precedent-shattering $1.6 trillion budget deficit.

Today, Geithner will rewrite the history books by dumping an all-time record $43 billion in new U.S. Treasuries on the market in a single day.

PLUS, tomorrow and on Friday, Geithner will return to the trough, borrowing an additional $69 billion to keep the lights on in Washington.

That’s a total of $112 billion in U.S. Treasury borrowing in just three, short days!

Geithner: “Brother, can you spare $112 BILLION?”

This is truly alarming: If you’re like me, you can remember a time not too long ago when U.S. Treasury borrowing was less than $112 billion for an entire year. Now, we’re borrowing that much in less than one week!

I wish that was the worst of it. It isn’t: So far this year, Geithner has borrowed a mind-boggling $1.41 TRILLION to fund Washington’s debt addiction — nearly THREE TIMES MORE than the Treasury had borrowed at this time last year.

And still, this is only the beginning: The Congressional Budget Office (CBO) has warned that Obama’s budget will add nearly $10 trillion in new government debt over the next ten years.

If the CBO is correct, our national debt will soar to well over $21 trillion by 2019. That’s more than double the value of all the goods and services our economy now produces in a whole year!

Meanwhile, over at the Federal Reserve, “Helicopter Ben” Bernanke is printing unbacked paper dollars like there’s no tomorrow.

Yesterday alone, in his ongoing attempt to keep Geithner’s precedent-shattering borrowing spree from sending interest rates into the stratosphere, Bernanke had to print more than $4 billion just to BUY treasuries.

THIS is why the U.S. money supply is skyrocketing! THIS is why sophisticated investors worldwide are recoiling in horror.

Protect yourself now or you’ll be kicking yourself later!

The plain truth is, the value of your money — your buying power and your standard of living are being sacrificed on the altar of Washington’s debt addiction.

But if you make the right moves beginning immediately, you still have time to shore up your financial defenses. You can shield yourself, your family and your savings and 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” — in two weeks; 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 …

• The startling truth about America’s debt debacle: 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.

• Global investors stampeding for the exits: 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.

• NEW demands to replace the dollar as the world’s reserve currency: What the news media isn’t telling you — 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.

• 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!)

• Protect your wealth even as others are losing theirs: 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.

• 7 investments set to skyrocket as the dollar sinks: These often-overlooked investments 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

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 the invitation I sent earlier today to them.

{ 221 comments }

Click here to post your comments …

Last week, I did my best to alert you to the great dollar disaster that is already shaping up to be history’s greatest heist — the most brutal confiscation of personal wealth the world has ever seen:

• I showed you how and why our own leaders seem to be doing everything in their power to erode the greenback’s value — and why foreigners are now abandoning the greenback in droves.

• I documented why I’m convinced that the U.S. dollar’s days as the world’s reserve currency are numbered — and why the emergence of a new world monetary system now seems inevitable.

• Most importantly, I revealed why this great dollar disaster virtually guarantees that the buying power of every dollar you earn, save, invest and have socked away for retirement will plunge — and why your cost of living is set to soar.

But there’s good news, too:
There is still TIME to protect yourself and profit!

Make no mistake: The U.S. dollar will NOT collapse to zero overnight. In fact, my work with the Foundation for the Study of Cycles indicates that we can expect the current decline in the dollar to be spread out over two more years — well into 2012.

During this time, we will see prolonged periods during which the dollar continues to deteriorate. And as in any long-term bear market, there will be short-lived rallies in the dollar along the way.

However, at some point — probably late in 2012 — I’m convinced that the world’s nations will have no choice but insulate themselves from the dollar’s decline by introducing a new global reserve currency.

And I’m also convinced that, in a desperate attempt to deal with the mountains of debt most major nations have amassed, they will devalue the dollar and other major currencies by artificially raising the price of gold.

As these moves are anticipated and announced, I expect to see the dollar’s decline accelerate as investors the world over stampede for the exits, dumping their greenbacks before more of their wealth goes up in smoke.

This means TIME is on your side! If you begin now, you still have ample time to hedge against the dollar’s decline and also to balance your portfolio with investments that are most likely to soar when the dollar sinks.

As this great tragedy unfolds,
millions of Americans
will suffer huge losses.

If I have anything to say about it,
you WILL NOT be one of them!

Every crisis breeds opportunity. And as a rule, the greater the crisis, the greater the opportunity. Since this is likely to be one of the greatest economic convulsions any of us has ever seen, it only follows that it will likely present us with many of the greatest profit opportunities in generations.

If you make the right moves beginning immediately, you can shield yourself, your family and your savings and investments from disaster as this great dollar decline deteriorates into the greatest currency crash in world history.

More than that: There are many ways to harness this historic convulsion to keep your wealth growing.

That’s why, to help you protect yourself and profit as this great dollar disaster unfolds — and to answer many of the questions you’ve been asking me on my personal blog — I’m inviting you to join me for an historic online seminar …

The Title:
Washington’s Secret War on the Dollar:
Protect Yourself and Profit

The Date:
Tuesday, October 6, 2009

The Price:
FREE

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!

In this all-important online briefing, 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 …

• The startling truth about America’s debt debacle: 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.

• Global investors stampeding for the exits: 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.

• NEW demands to replace the dollar as the world’s reserve currency: What the news media isn’t telling you — 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.

• 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!)

• Protect your wealth even as others are losing theirs: 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.

• 7 investments set to skyrocket as the dollar sinks: These often-overlooked investments 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!

This crisis is real. It’s happening NOW.
It’s not going to wait for you,
me or anybody else.

The dollar fell to new 12-month lows last week. Gold exploded to more than $1,000 per ounce — a new all-time record closing high. The time to shore up your financial defenses is NOW.

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 the invitation I sent earlier today to them.

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