Saturday, October 10, 2009

The U.S. dollar is going the way of the Mexican peso:

Special Message for Newsmax Readers . . . The U.S. dollar is going the way of the Mexican peso: down! More than $10 trillion in government spending is triggering a sudden and massive devaluation. The TARP chief told Congress the federal bailout will now total over $23 trillion! That would be over $70,000 per person. But if you act fast, you can protect your life savings from 1970s-style mega-inflation . . . and you could DOUBLE your money . . . Find out how you can get our latest FREE special issue of the Financial Intelligence Report on growing wealthy in the coming dollar wipeout. Secret Government Plan
To Devalue the Dollar Could
Wipe Out Your Life Savings! Unbeknown to most investors, the Obama administration is planning quietly to devalue the U.S. dollar even MORE. The decision has been made . . . and it’s working. Obama adviser Warren Buffett accidentally revealed in a recent CNBC interview what the Administration REALLY has planned all along. Buffett told the interviewer that the United States will do whatevery other country has done when faced with huge obligations
and decreasing revenues — inflate (devalue) the currency! The reason is simple.The Democrats have waited nearly 30 years, ever since Ronald Reagan was elected, to begin spending money on social programs again.They’re not about to let a global economic wipeout stand in their way. Deliberately devaluing the U.S. dollar will make U.S. government debt obligations less onerous, American exports relatively cheap, and rally the stock market. There is only one problem with their plan! By causing inflation to soar, it will wipe out the life savings of generations . . . and destroy the U.S. economy for decades to come . . . Dollar Devaluation Is a Done Deal That’s why we’ve prepared a special issue of the Financial Intelligence Report called "The Coming Dollar Devaluation: 8 Factors Every Investor Must Know."It could end up being the most important economic report you’ll read this year. This special report gives you the inside details on what the world’s most famous economists and financial experts expect to happen in the coming six months.You’ll discover . . . Eight reasons why the global recovery will be stopped dead in its tracks in the United States . . . Why certain rising commodity prices are the canary in the mine shaft when it comes to inflation . . . What Obama’s plans to nationalize U.S. healthcare will do to the U.S. dollar
• The REAL reason why interest rates have been rising despite everything the government tries . . . Why you have to become a global investor to survive the coming dollar devaluation . . . How Wall Street’s "bandit capitalism" is leading to "bandit socialism" . . . What will happen when China and other foreign investors stop buying U.S. debt . . . The reason why inflation is inevitable — and the steps you must take, right now, to prepare for it . . . The Destruction of the Dollar,
And Your Portfolio, Has Started
• When the market crashed more than 18 months ago, the dollar strengthened significantly. Investors worldwide fled to the greenback. Hundreds of billions of poured into the United States.
• But all that ended quickly when Barack Obama took office.
• Once Obama and congressional Democrats began handing out trillions of dollars in bailouts and posting record deficits, the confidence of world investors was badly shaken. The value of the U.S. dollar began plunging.
• Since taking office, the Obama administration has increased the monetary base by a staggering $10 trillion (see chart below). In less than a year, it managed to DOUBLE the expected annual budget deficit to almost $2 trillion.
• The result was predictable: The stock market rallied . . . but the once mighty dollar has PLUNGED against foreign currencies.
• That’s WHY Warren Buffett, for the first time ever, shifted more than 20 percent of Berkshire Hathaway’s portfolio outside the country and into non-dollar assets.
• This estimate does not include companies he holds, such as Coca-Cola, that draw huge portions of their earnings from abroad.

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