Are You Ready For the Decline of the Dollar
While there are countless threats to our
remaining liberties and wealth, nothing threatens your future wealth
and prosperity as much the future decline of the dollar. It will
happen eventually and here are some low cost alternatives you can do
to protect your family savings and investments. If you don't read
any further in the book than this first chapter, you and your family
will be well served by following some of these recommendations.
The United States Could Be Facing Bankruptcy and A Dollar Decline By
40% Or More during the next 5 years.
The politicians and Wall Street will blame everyone but
themselves and you will probably see through their misinformation
and propaganda…but by the time this happens, it will not matter. You
will already be poorer, your retirement will be weakened if not
destroyed, and there will be nothing you can do about it.
Federal Reserve funded Professor Laurence Kotlikoff recently warned:
"government's
potential bankruptcy, given the pension and Medicare payments that
are expected to confront officials in coming years."
He went on to estimate,
"the federal government is
facing future pension, budget deficit and welfare liabilities of
$65.9 trillion, about five times the U.S. GDP and almost twice the
size of the nation's wealth."
First of all, it is no secret that America is bankrupt by
every accounting measure. The deficit spending and paper money
experiments that began during the War Between the States have been
expanded many times over since the establishment of the Federal
Reserve back in 1913. Third, I believe we will soon be facing a real
dollar crisis and worsening oil situation that will only increase
our problems in the Middle East. These problems are unfortunately
speeding up the transition by many countries and central banks out
of dollar reserves and into the Euro and this will have a long term
negative effect on the dollar.
Simple Suggestions On Protecting Your Wealth From the Coming Dollar
Problems.
These are not expensive or complicated and do not
generate large commissions. I'm sure you will hear plenty on the
high commission and expensive products and services from financial
marketing experts but these are simple recommendations you may not
hear much about.
Buy Gold Bullion Coins - They are historically an inflation and
financial crisis hedge, but make sure you are paying only a slight
premium over the bullion price. Many coin dealers and firms will try
to switch you into numismatic coins, but avoid these because they
tend to have high commissions and markups. Instead, buy from a
dealer you know or that someone you know and trust recommends.
Invest Part of Your Savings Out of the Dollar - The
percentage should depend upon your level of concern about the dollar
and our nation's economic and political future. You can invest in
Swiss annuities, Certificates of Deposit in the Euro or Swiss Franc
at your local bank, your foreign bank or consider EverBank's foreign
currency CD
www.everbank.com,
but either way, stick with these two currencies. The saying, “don’t
put all your eggs in one basket” applies here, in that you should
diversify beyond the U.S. dollar, into more stable currencies like
the Swiss Franc or Euro.
Invest Some of Your Savings Out of the Country - When the situation
goes downhill, who knows what the politicians or bureaucrats will do
here in the United States. My advice: plan for the worst and hope
for the best. Foreign annuities again in the Swiss Franc and or Euro
are an inexpensive easy way to legally invest offshore and they can
provide real asset protection. Contact BFI Consulting in Switzerland
for more information at:
www.bfi-consulting.com
Cash & Liquidity Will Be King! - Build a nest egg of enough
cash to pay your bills for a couple of months. The FEDS don't like
cash so make copies of your cash withdrawal receipts and keep them
separate from the cash so you have proof of where the cash came
from.
Decrease Your Investments in American Stocks and Bonds -
Inflation and a falling dollar will be bad for the overall American
stock and bond markets. Consider additional diversification in
globally diversified mutual funds out of the US markets by simply
switching funds inside your family of mutual funds.
For Additional Reading and Research Regarding This Chapter
A Political Awakening That Recasts the Political
Landscape -
http://www.ft.com/cms/s/d152d2f8-30d9-11dc-9a81-0000779fd2ac.html
More about the decline of nation stations and their military
power vs non-government entities.
The Limp
Dollar
http://www.lewrockwell.com/bonner/bonner251.html
The World's Reserve
Currency Is Now the Euro -
www.lewrockwell.com/paul/paul358.html
by Congressman Ron
Paul
Ron’s Today’s Middle East Crisis: Born At Versailles
www.freerepublic.com/focus/f-news/520589/posts
U.S. dollar Facing Imminent Collapse?
www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53311
The Coming Collapse of the Dollar and How To Profit From It
www.dollarcollapse.com
The Plan To Destroy America Via the Dollar
by Hal Lindsey
www.worldnetdaily.com/news/article.asp?ARTICLE_ID=53285
Note, in my opinion, rather than a conspiracy as Lindsey author of
The Late Great Planet Earth 20 book series claims, nations
are dumping dollars for euros because the dollar is losing it's
status as a world reserve currency. No conspiracy just smart
investing!
Chapter 2 - A Recent History of Post 9/11 Regulations Impacting Offshore
Investing & Asset Protection
Talking Points: Learn why the federal
government's response to the 9/11 terrorist attacks, in combination
with earlier measures to destroy offshore money centers and privacy,
have come together with the support of the U.S. financial service
industry and tax authorities. Their goal was to deliver a blow to
many offshore tax havens, products, and asset protection strategies.
Their tactics were successful: many strategies and structures
established previously to protect assets do not work any more.
"The
whole aim of practical politics is to keep the populace alarmed (and
hence clamorous to be lead to safety) by menacing it with an endless
series of hobgoblins, all of them imaginary."
-- H. L. Mencken
Think back to the mid 1990's when asset
protection was all the rage. Tens of thousands of Americans were
fleeing the lawsuit mania in the U.S. legal system and putting their
wealth into asset protection trusts and other structures
offshore. This was undoubtedly a smart move for productive Americans
who spent their entire working career building and accumulating
wealth. These people did not want to risk having it all stolen in a
scandalous lawsuit or trumped up asset forfeiture attack.
Today when you read the newspaper or watch the
news, you know in your heart, if not also in your head, that the
American legal system does not always protect your wealth. Even if
innocent and productive citizens win a lawsuit, they usually still
lose the battle due to outrageous legal expenses. All too often,
Americans can be in a lose/lose situation in most court proceedings
since the legal profession and trial lawyers lobbying groups have
legislated themselves a win/win contest. A sad state of affairs,
yes, but such is the political power of the legal special interests
in the United States.
Many Questionable
Tax-Havens Have Gone From Boom To Bust
Just a
few short years ago, many offshore tax-haven jurisdictions were
getting rich from the billions of dollars that escaped the American
legal system and investment markets. Some U.S. investors with
offshore structures foolishly failed to report and pay taxes owed to
the federal government. As a result, offshore jurisdictions and
products grew in unpopularity with American politicians. After all,
less government revenue meant less programs and funding for their
usual vote-buying political purposes.
As more people attempted to circumvent their
tax obligations, this began to cause problems for some in the
American legal profession, because these offshore structures often
had to be pierced and attacked by legal firms in that particular
country, rather than by the American legal professional. Most of the
offshore countries had a measure of wealth protection legislation,
making it more difficult to attack their structures than if they
were in the United States. Moreover, in the offshore location the
plaintiff and the American lawyer often had to hire a law firm in
the foreign country who then received the fees that would have gone
to the American firm, had the assets been located in the United
States. These are the two main reasons the powerful legal lobby
hated offshore jurisdictions-- a lower success rate for legal
actions and legal fees that had to be split with outside, offshore
competitors. Finally, the billions of dollars fleeing to offshore
havens were usually invested into products and markets outside the
United States. This of course translated into lost revenues and
business for Wall Street and the rest of the American financial
services establishment.
It is therefore no surprise that politicians, the legal
profession, and the American financial services industry began to
lobby for an attack on these sovereign offshore jurisdictions, as
these investment refuges were becoming a real threat to government
revenue and the profits of our legal industries. The opponents of
offshore investing did have a point after all, for some Americans
unwisely moved assets to tax haven jurisdictions with a measure of
financial privacy and then did not pay the required taxes on the
capital gains and income. Thus the move of billions of dollars
offshore was starting to impact tax revenues. In addition, powerful
Wall Street and London interests were losing billions of dollars in
managed investments, high commissioned packaged products, and stock
trading revenues to offshore financial competitors. Hence, the stage
was set to defend these special interests and government revenues,
legal fees, and the Wall Street financial service revenues.

Ron Fact, Book & Video Recommendations For This Page:
The national debt owed to foreign governments and investors
along with the dying role of the dollar as the world reserve
currency will all work together to eventually bring about the fall
of the dollar. This should be a long term decline and I do not have
a clue about near term currency movements either up or down. Still
the currency risk for Americans and others invested in our dollar
denominated markets is the threat of a major terrorist attack that I
believe could quickly create a selling panic for the dollar and
American markets.
Death of the Dollar From YouTube
www.youtube.com/watch?v=GbPetrK_6Lc -
A fair description of what could
happen to the dollar.
US National Debt Clock -
www.brillig.com/debt_clock
Federal Government Debt Report
http://home.att.net/~mwhodges/debt.htm

Empire of Debt
by Bill Bonner. Many Americans have resisted the notion that their
country is an imperial power. The idea seems to contradict the
values of the Republic and its Founding Fathers. But in Empire of
Debt, prominent financial analysts Bill Bonner and Addison
Wiggin argue passionately that not only is the United States an
empire, but it is also one whose end is coming soon
What
Has Government Done To Our Money by Murray Rothbard. A classic
on money, gold, the gold standard and the Federal Reserve. He
explains the differences and pitfalls of a paper currency verses a
hard currency.

The Economics of a Pure Gold Standard by Mark Skousen. Mark
makes the case for a gold standard as only when currency creation is
tied to something of limited quantity can Washington's creation of
unlimited amounts of money in circulation and inflation be stopped.
The Swiss
Confederation Institute News
For daily updated news,
editorials and reports relating to topics
covered in The Swiss Preserve Solution.
(c)
2007 Swiss Confederation Institute
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