Inflation Nightmare Looms: What's YOUR Action Plan?
Published: Thu, 07/08/10
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Dear Subscriber, |
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"A RUN ON THE DOLLAR,"
came the sober warning from a Nobel Prize-winning MIT economist... "probably the kind of disorderly run that precipitates a global financial crisis..."
...while other monetary experts now warn, "We're in the terminal stages of the world's most gigantic pyramid scheme" set to vaporize assets of the average citizen.
WHAT WILL IT MEAN FOR YOU?
Heed the unmistakable warning signs in this Summer 2010 URGENT ALERT, or risk missing your FINAL OPPORTUNITY to protect what's left of your nest-egg, before the crushing weight of national debt collapses the once-mighty U.S. Dollar, rendering...
...YOUR ASSETS VIRTUALLY WORTHLESS!
Dear Concerned American:
All signs point toward the U.S. dollar – which has already shed fully a third of its value relative to foreign currencies – streaking at supersonic speed for a precipitous and historic crash.
Anyone holding dollars (or dollar-denominated assets) is sitting on a ticking time bomb with the Zero Hour fast approaching. Given the massive currency inflation generated in just 12 months by a grossly misguided Obama administration, we've no time to lose before a worldwide rush to the exits.
Your family's security rests on you reviewing this Summer 2010 Urgent Alert right to the end. I urge you: read this letter now, because if you wait 'til later, you may indeed be too late.
Unmistakable warning signs – each of which I'll reveal here in detail – point to a monetary crisis on the verge of spinning wildly out of control, leading to massive INFLATION and quite possibly, a sudden and catastrophic dollar collapse that will change our nation forever.
Let's take a closer look at events unfolding now, and the best steps you and I can take today to protect ourselves.
Under intense pressure to generate immediate cash flow to shore up a virtually bankrupt U.S. Treasury, federal regulators are systematically destroying, seizing, and otherwise transferring to federal control trillions of dollars in private assets. The all-but-certain impact on our currency, on your purchasing power, and on your standard of living could be both sudden and devastating.
Obama & Co. spent recklessly to gain controlling interests in the titans of the U.S. banking, insurance, and auto industries. At one point, Mr. Obama chortled in front of C-Span cameras –
"We are out of money now. We're operating in deep deficits..."
For months we were told that the full impact of Obama's bailout would come to oh, no more than $787 billion. Then the independent Congressional Budget Office checked the math and found that just this first bit of "Obamanomics" will, in fact, bloat deficits by $862 billion. But even that is just the tip of the iceberg of what's already been spent or committed.
Major foreign investors such as China are quickly catching on to the hard reality of burgeoning U.S. debt and our impending insolvency. They see that we are out of moves, and are coming to the inescapable conclusion that the only way Washington can keep its Ponzi finances going is to run the monetary printing presses non-stop. (More about what this means in a moment.)
 While all currencies on the globe are falling against tangible assets, the U.S. dollar is falling faster. As I mentioned, the dollar has already surrendered fully a third of its value relative to other world currencies in just a half-dozen years. This and other facts lead inescapably to the conclusion that Western economies and markets will shrivel relative to those of ascendant countries in Asia.
A massive, catastrophic dumping of the devaluing U.S. dollar looms large like a dagger over our heads. The upshot is – if you don't immediately begin taking basic precautions with your money as I'll outline right here, you stand a good chance of acting too late and getting caught with your britches down.
The good news is that you don't have to sit by passively and watch your fortunes erode along with those of your country. Not only can you protect yourself, but you can actually profit from the selected types of opportunities that my years of detailed research and analysis have developed.
Even mega-investor and high-profile Obama cheerleader Warren Buffett has caught wind of what's happening. The Oracle of Omaha has admitted publicly that the recent spate of frantic spending and money creation will soon trigger a currency-destroying inflation that will be much more severe than in the 1970s. Translation: get out of the dollar now!
Another truly big-time investment guru, Jim Rogers, dispatched this sobering assessment in a strongly worded email –
"The world at large does seem to understand
innately that governments are bankrupting themselves and destroying paper currency." "Bankrupting." "Destroying." Strong words indeed, but truly meaningful only to those savvy enough to take action now before the other shoe drops with a thud. And specifically which nation's government and currency are on a fast-track to monetary doomsday? As Rogers recently told TIME magazine,"America is the largest debtor nation in the history of the world."
Do I have your attention? I trust that I do, because this is but the tip of the iceberg...
The Dollar's Coming "Reckoning Day":
National Turmoil on Par With Pearl Harbor and 9/11? The dollar's coming Reckoning Day will be a traumatic, game-changing milestone in the decline of our beloved nation as a financial powerhouse.
As I'll detail in a moment, the sheer havoc unleashed by a dollar crisis will be nationally jolting at least on a par with the 1929 stock market crash, Pearl Harbor, JFK's assassination, and 9/11. Yes, it's fully possible (if not likely) that the bottom will drop out in just one harrowing day.
Here's just a glimpse of the likely fallout as I see it:
I want to give you the inside skinny on the steps prudent citizens are quietly taking right now to gird themselves against the economic and civil consequences of the coming greenback collapse... and even prosper through intelligent preparation and prudent asset allocation.
You can – in fact, you must – take key steps to protect your family's way of life. And you must do it soon. "Waiting it out" is not a plan for anything short of a catastrophe. I'll explain.
Respected economist and forecaster George Whitehurst-Berry has offered an astute explanation of the financial gyrations rocking U.S. markets, as quoted in the opening of this letter:
"We are in the terminal stages of the world's most gigantic pyramid scheme," he explained, referring to the ultimate collapse of the U.S.-led monetary order that will permanently impoverish millions while making a handful of smart thinking, ahead-of-the-curve investors very rich.
Even the Pentagon is Secretly Planning for
Dollar-Collapse Scenarios that Dramatically Tilt the Geo-Political Balance The looming dollar crisis is no idle theory.This threat is so real that top Pentagon experts are running live "planning scenarios" in which resource-rich nations like Russia and China exploit U.S. indebtedness to wreak sudden havoc in our financial system and basic economy.
In the 2009 Unrestricted Warfare Symposium at the Johns Hopkins Applied Physics Laboratory, intelligence analyst James Richards unveiled a blueprint detailing how U.S. foes could manipulate the dollar – dropping its value by a shocking 75%, crippling our economy overnight.
This report's conclusions are nothing short of chilling. So vulnerable is the U.S. to this scenario, Richards urges U.S. intelligence agencies to pay close attention to global gold supplies and financial maneuverings of rival powers (something I do on virtually a daily basis for my valued subscribers).
Richards' prescient paper came out days before Zhou Xiaochuan, governor of China's central bank, challenged the U.S. to step aside to allow a new global currency to replace the dollar.
The international news media recently reported another Chinese connection to the coming doom of the dollar. The Financial Times of London, for one, noted: "China has quietly almost doubled its gold reserve to become the fifth biggest holder of the precious metal." Yet as usual, the celebrity-obsessed U.S. media totally glossed over another harbinger of what is to come.
Or as the always-reliable Casey Report added: "On the bigger global screen, this revelation [about China's gold hoarding] stops the concept of gold as a 'barbarous relic' as bankers had hoped it would become in the past 50 years..." Translation: The day of the paper-backed dollar is coming to an ugly end, and soon.
You Must Plan for the Coming Inflation: NOW
My friend, the handwriting is on the wall. It's not good enough to know what's going to happen. You have to know what to do. This is the heart of why I am writing you today.
Specifically, you must have a practical, doable plan to put yourself ahead of the 99% of Americans who are going to get caught completely off-guard when the terrible fundamentals of the U.S. dollar wipe out the purchasing power of their salaries and their retirement savings.
The coming wicked inflation will wreak economic and social havoc far beyond skyrocketing prices. Widespread fuel and food shortages, relentless crime waves, and the government's endless socialistic machinations will devastate the American way of life like a giant tornado.
 Grab this 155-page survival guide now! My name is Lee Bellinger, publisher of the private monthly financial, health, privacy, and taxation intelligence advisory Independent Living. In my three decades of publishing discreet inside information about government power-grabs and scams, never have we produced as important a document as my new mega work, the 155-page Dollar Destruction Defense Manual: Everything You Need to Protect Your Way of Life Against the Coming Inflationary Ruin.
I'll send it to you FREE because I know for a fact you, as a think-outside-the-box, self-sufficiency-seeking individual, are the kind of person who will profit mightily – while avoiding substantial financial pain – from its red-hot information on the coming collapse of the dollar.
I don't like being lied to. And I don't like being ripped off. That's why I made it my business to understand the government's shocking financial dilemma – how serious and unprecedented it is, and how they are making their problem into your problem, at least if you don't act.
Experts Deliver Dire Prognosis on the Future
of the U.S. Dollar: Your Hard-Earned Money Will Be Debased to Alleviate Federal Insolvency The late Nobel Prize winning economist Dr. Paul Samuelson – Harvard doctorate, advisor to two U.S. presidents and author of the best selling economics textbook of all time – characterized U.S. financial imbalances as so severe and "irreversible that we must accept that at some future date there will be a run on the dollar. Probably the kind of disorderly run that precipitates a global financial crisis."
Or as Dr. Ron Paul, presidential candidate and a member of the U.S. House of Representatives, recently noted about the rampant, unprecedented money creation going on, "If we continue doing what we are doing right now, we will literally destroy the dollar."
U.S. Finances Are an Even Bigger Mess
Than is Generally Understood Even before Obama was sworn in, unfunded federal liabilities had blown past $500,000 per U.S. family of four. In fact, federal finances are in such shambles that David Walker, Comptroller of the Currency, resigned in disgust at the tail-end of the Bush administration.
Worse is what's happened since Walker resigned. As Rep. Ron Paul recently wrote, the trillions of dollars created to bail out banks in just the past six months have added the equivalent of a whole new federal establishment to Uncle Sam's bloated obligations.
Obama's new spending obligations stagger the imagination, amounting to...
COMBINED!
And that was even before the Congressional Budget Office discovered that minor little $75 billion miscalculation I mentioned earlier in the Obama team's math.
Now another CBO report shows that rising unemployment and falling tax revenue will likely force the Social Security "Trust Fund" into the red as soon as this year – a full decade before the Comptroller General's office had previously warned it would happen.
The Next Financial Train Wreck
Could Be the "Fail-Safe" Bond Market – Are You Properly Hedged? Recently Bloomberg tabulated the continuously-growing U.S. government takeover of the private-sector (in the form of loans, guarantees, and other commitments). So far, taxpayers have been saddled with an ADDITIONAL $12.8 trillion in unpayable debt.
These federal bailouts now amount to 90.14% of America's annual gross domestic product – nearly our entire output for a year! Imagine that for every $1.00 you make, brand new federal bailouts now have a claim to more than 90% of your hard-earned money!
What's especially infuriating to me is the Fed's refusal to disclose who has been on the receiving end of all its bailout dough, or exactly what's now on its ballooning balance sheet. The Fed's own Inspector General in recent Congressional testimony admitted after much waffling and obfuscating that she cannot account for trillions of dollars in off-balance-sheet transactions and has absolutely no idea how much the secretive central bank is losing on its "investments."
As scandalous as the massive corporate bailouts are, they pale in comparison to those that will be required for Social Security and Medicare. An editorial in Barron's stated flatly – "Medicare, Medicaid, pensions, indeed the full freight of the federal government constitutes a Ponzi scheme in plain sight. Income is recycled to pay benefits; no new wealth is created."
How ironic that the feds locked up Bernie Madoff and threw away the key (and rightly so) over his multi-billion dollar Ponzi swindle...
...when the U.S. government itself is the operator and tireless defender of the most gigantic, multi-trillion dollar Ponzi scheme ever, with you, me, and millions of Americans holding the bag!
U.S. public and private debt now amounts to nearly four times the gross domestic product. In the midst of the Great Depression, total debt topped out at three times GDP. That suggests the current financial crisis could be even more severe in magnitude and length.
So it should come as no surprise that Standard & Poor's quietly reported last year that Treasury bonds are poised to lose their AAA-rating because of the way Washington is indulging in emergency cash creation and massive spending.
Lest there be any doubt over the reliability of the warning from S&P, Moody's Investors Services issued the identical warning on February 3, 2010. When Moody's and S&P both cast a dark shadow over the safety of hallowed U.S. Treasuries, any investor, taxpayer, and regular American citizen ought to sit up and take notice.
Yet when asked by ABC News to share his own views on Moody's latest warning of a coming downgrade in U.S. Treasury ratings, Treasury Secretary Timothy Geithner predictably replied: "Absolutely not. And that will never happen to this country."
If you believe that happy talk, you might as well throw this letter away. I can't help you. But if you have a hunch as I do that when both Standard & Poor's and Moody's are onto something and that U.S. Treasuries are headed for trouble, please stay with me.
MarketWatch recently reported another disturbing and telling warning sign: The cost to buy insurance against U.S. sovereign debt has surged by a factor of seven as compared to two years ago.
A collapsing U.S. bond market will spell disaster for the pension funds, mutual funds, and insurance companies that hold bonds by the billions. Of greater concern to me, when the bond market ruptures, millions of retirees on fixed income could find themselves destitute.
I don't want you to be among the tragic victims of this looming meltdown. Fortunately, you can take effective steps right now to hedge any exposure you have to the bonds (if you have a retirement plan or a life insurance policy, you're especially at risk). You can even set yourself up to profit from the coming decline and fall of U.S. Treasuries.
My Dollar Destruction Defense Manual shows you exactly how!
Financially, the U.S. is on a Road with No Turns
Global worries about the debasement of the dollar are quite VALID. Massive expansion of the money supply at the end of the Bush administration has been eclipsed by even more massive dollar-printing by the Obama administration. With U.S. economic output stagnant, massive inflation is inevitable as the Federal Reserve and the politicians try to prop up the economy with loose money.
Financial Sense analyst Brian Pretti has produced a thoroughly documented report demonstrating why the Fed has had no option but to begin directly funding U.S. government debt (nearly $2 trillion worth of new IOUs were issued in 2009 alone) through the creation of even more printing press money because of flagging demand from China, Japan, and private investors.
We are witnesses to the end of a 39-year experiment – in which global currencies linked to the dollar (and with no gold backing anywhere) are reaching the final inevitable stages of all fiat money. When the Weimar Republic, and more recently, Zimbabwe, began to monetize their debt, the countries plunged into hyperinflation.
In short, the United States is attempting to print its way out of debt and recession. And that means the value of the dollars you hold is destined to go down significantly. Fortunately, you still have time to prepare – and I will eagerly help you.
The Smart Money Stampede Out of the Dollar
Has Already Begun If you've already heard a little voice in your head warning you that Wall Street paper assets are highly-manipulated certificates of financial folly, you got this letter just in time. While rampant money creation may force the DOW upward in nominal terms, the DOW index itself has been collapsing against the value of hard assets for some time.
 The Dow may once again fall to a 1:1 ratio with the gold price. For example, it currently takes about 9 ounces of gold to buy a share of the DOW industrials. Yet as recently as 1999, it took 44.8 ounces of gold to buy a DOW share – that's a whopping 80% crash in the real value of the DOW.
The money magicians in Washington can fool millions of investors in the short-term, true. But they can't fool those who measure their wealth in terms of precious metals, which retain their value over time. Gold is the mortal enemy of big government borrow-and-spenders. When the gold price shoots up, it signals to the world that the currency upon which government Ponzi finances operate is losing value.
For more than four years now, my Independent Living newsletter has discreetly advised my subscribers to accumulate physical precious metals. The investor flight to precious metals I predicted would occur (back when gold was quietly trading in the $400s) has, since the onset of the financial crash of 2008, been global in scope and has resulted in physical gold and silver flying off the shelves everywhere.
So now that I've stated the problem, let me tell you about your PERSONAL solution.
For over two years, my research staff and I have been busily preparing a brand-new, blockbuster manual with a practical, easy-to-implement game plan appropriate to inflationary times, The Dollar Destruction Defense Manual.
ALERT! Why You MUST NOT Fall for the
Illusion of "Sector Diversification" What really motivated me to do this project is one of the biggest myths that, even now, they continue to perpetuate on Wall Street: The false security of "diversification." Your broker and the Wall Street media tout the value of diversification – and in theory, they are right! BUT mostly their diversification is limited to dollar-denominated stocks and bonds. Never forget – anything denominated in dollars loses its purchasing power with each passing month.
If you've ever tuned into Jim Cramer's Mad Money on CNBC, you've seen this faulty logic in action in a segment called "Am I Diversified?" A caller will indicate that he has one utility, one tech stock, one financial, one industrial, and one durable goods stock, and presto – the mad money maven blesses the portfolio as "diversified." But since most U.S. investors load up on dollar-denominated instruments, such a portfolio is likely to lack the safety of true diversification.
What YOU need to know about and engage in is true diversification – among currencies, stock markets, financial instruments, commodities, and precious metals which are not tied directly to the sinking dollar. Yes, most brokers recommend investment in many sectors of the U.S. economy but this is of little value if ALL your investments are tied to a declining dollar.
Sadly, millions of Americans will be impoverished by the coming dollar devaluation. But you can be one of the select few who survive and even prosper in these wildly turbulent times.
Yes, You Should Own Some Gold –
But Gold Alone Won't Be Enough You absolutely need my Dollar Destruction Defense Manual: Everything You Need to Protect Your Way of Life Against the Coming Inflationary Ruin, my latest blockbuster.
To develop this must-read work, we began by systematically researching what far-sighted individuals did to prosper during the inflation-ravaged 1970s. But we added an important feature: Today there are many MORE options, financial instruments, and tactics that can help you preserve the value of your assets.
But that's just the beginning. Packed with much more than investment advice, the Dollar Destruction Defense Manual gives you scores of tips and strategies to prepare your everyday life for runaway inflation.
Instead of wasting time you really don't have doing thousands of hours of research, you can get dozens of intelligent, meaningful, doable action items at your fingertips right now, and FREE with the special offer I've prepared for you today.
My manual shows you step-by-step how to not only survive financially but to thrive and prosper – especially if the coming inflation tsunami is as devastating as indications suggest it will be. Even better, the manual is designed to help you without requiring you to make radical changes to the way you live or invest. Quite simply, it is the very best insurance policy money can buy.
Sure, there are lots of "gold bugs" out there, but this manual goes far beyond precious metals. You need a comprehensive strategy to save yourself from the government's inflation deception. I'm not talking about a bunch of theories, but practical steps you can take right now so you are not left holding the bag like millions of our uninformed fellow citizens will unfortunately be.
I guarantee even if you've already taken steps to establish an inflation-hedged portfolio and lifestyle, you'll find a great deal of interest and value in my Dollar Destruction Defense Manual.
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Here's a sampling of the unique inflation-beating insights and solutions you'll have at your fingertips with your very own copy of the Dollar Destruction Defense Manual:
Take Control of the Situation –
Important Tips to Protect Your Lifestyle
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