 |
Make no mistake about it. The developments over the last three weeks affecting the U.S. dollar — which continues to sink in value — are the most critical financial developments of your lifetime.
The U.S. dollar has now entered the final days of its reign as the world’s reserve currency.
I’ve been warning you about it. And the events are unfolding precisely as I predicted …
1. Behind closed doors, the G-20 countries have now taken control of the world’s economic caretaking. It is no longer the G-3 nations that are in charge … or even the G-7 nations. The G-20 is in charge.
Put another way, the U.S. is now being forced to placate our largest creditors in an international forum, where it is now just one of 20 countries in charge of the world’s economic affairs. And it is the largest debtor of the group, by far.
2. Behind closed doors, the Arab Gulf States have also been meeting with Russia, Japan and China to replace the dollar for pricing oil. Make no mistake about this: The world as you know it is changing.
3. And yet, in the open, in public, Washington isn’t making one single comment about these developments. Not one peep. Not even trying to jawbone the dollar higher.
Why? Because, whether our leaders admit to it or not, their top priority is clearly to let the U.S. dollar fall in value, even if it ultimately means that it will be replaced by a new world reserve currency.
Even if it ultimately means your cost of living is going to skyrocket, and everything you ever knew about the world is turned upside down.
Their hidden rationale: To inflate away the mountains of debts in this country, by artificially raising asset prices via devaluing the currency in which most of the world’s major assets are denominated.
 |
| Whether our leaders admit it or not, their top priority is to let the value of the U.S. dollar fall. |
Don’t get me wrong. It is a sad state of affairs the U.S. finds itself in: The massive financial crisis, Washington’s gargantuan $125 trillion in debt, the real estate crisis, and ultimately, the end of the dollar as the world’s reserve currency.
But there’s nothing you or I can do about it, except protect our wealth and seek out the profits we can reap as well.
That’s why, back in April of this year in a Money and Markets column I wrote, I said unequivocally that real money — gold — was the only win-win investment I knew of.
Now, is it any surprise then that gold has busted through to new record highs?
Is it any surprise that gold mining shares are taking off to the upside, soaring as much as 8 percent in a single day last week?
Is it any surprise that other tangible asset markets are also starting to rally sharply again — oil, copper, platinum, palladium, and silver?
Or that even agricultural commodities look like they are bottoming and appear poised for significant rallies?
I don’t think so. It’s hardly surprising at all. For when paper currencies are devalued, savvy investors turn to natural resources and tangible assets to protect their money.
 |
| Natural resources, including gold, are starting to rally sharply again. |
My view: If you’re not seeking out shelter from the falling dollar by investing in gold and other natural resources, your wealth is going to be confiscated from you on the sly by Washington.
That means it’s mandatory that now, more than ever before, you take the following steps …
First, with the next phase down in the dollar starting, continue to steer clear of all U.S. Treasury notes and bonds. Not only is the yield still meager, but with the dollar set to lose much more purchasing power in the months and years ahead, Treasury notes and bonds are a losing proposition. Period.
Also continue to steer clear of foreign sovereign notes and bonds. They too, while maybe more attractive in yield, will likely suffer as the world goes through a massive change in the currency markets, the result of the dollar’s eventual replacement as the world’s reserve currency.
Second, and very importantly: GOLD. Depending upon how long you’ve been with me and how aggressive you’ve been with my recommendations, you have up to 25 percent of your investment portfolio in a series of my gold recommendations ranging from physical gold and gold ETFs to mutual funds and gold mining shares.
Hold that gold. And stay tuned to my columns and my Real Wealth Report for updates.
Third, with any speculative funds you have available, consider getting more aggressive with natural resources. Not just gold or oil, but also copper, platinum, palladium, silver, agricultural commodities like soybeans, wheat and corn … and even staple commodities like coffee, cocoa, and sugar.
Nearly all natural resources are now entering renewed bull markets to reprice themselves higher in anticipation of a much weaker dollar that will eventually be replaced, and all the uncertainty surrounding the future of a new world monetary system.
Best wishes,
Larry
About Uncommon Wisdom
For more information and archived issues, visit http://www.uncommonwisdomdaily.com
Uncommon Wisdom (UWD) is published by Weiss Research, Inc. and written by Sean Brodrick, Larry Edelson, and Tony Sagami. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in UWD, nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in UWD are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical in as much as we do not track the actual prices investors pay or receive. Regular contributors and staff include Kristen Adams, Andrea Baumwald, John Burke, Amy Carlino, Selene Ceballo, Amber Dakar, Dinesh Kalera, Red Morgan, Maryellen Murphy, Jennifer Newman-Amos, Adam Shafer, Julie Trudeau, Jill Umiker, Leslie Underwood and Michelle Zausnig.
Attention editors and publishers! Uncommon Wisdom issues can be republished. Republished issues MUST include attribution of the author(s) and the following short paragraph:
This investment news is brought to you by Uncommon Wisdom. Uncommon Wisdom is a free daily investment newsletter from Weiss Research analysts offering the latest investing news and financial insights for the stock market, precious metals, natural resources, Asian and South American markets. From time to time, the authors of Uncommon Wisdom also cover other topics they feel can contribute to making you healthy, wealthy and wise. To view archives or subscribe, visit http://www.uncommonwisdomdaily.com.
From time to time, Uncommon Wisdom may have information from select third-party advertisers known as “external sponsorships.” We cannot guarantee the accuracy of these ads. In addition, these ads do not necessarily express the viewpoints of Uncommon Wisdom or its editors. For more information, see our terms and conditions.
© 2009 by Weiss Research, Inc. All rights reserved. |
15430 Endeavour Drive, Jupiter, FL 33478 |
Related posts:
{ 1 trackback }
{ 11 comments… read them below or add one }
Larry,
I seldom miss anything you write and am particularly interested in your comments concerning the dollar. The understanding you exhibit about the financial sector, the economy and global geopolitical issues coupled with the politics of the process makes your viewpoint particularly insightful. Thanks and keep it coming.
One big problem though! Very recently you and your Uncommon Wisdom colleagues changed your Video presentations in a manner which no longer allows me to access it. Because you don’t also include a printed version of the content, I missed your most important video produced last week.
Arnold Bock
Mendoza, Argentina
arnoldbock@hotmail.com
Larry,
Are we still to wait for a pullback in the price of gold, or should we be buying now?
Norm
Larry: I just joined up with Uncommon Wisdom Daily today –10/12/2009. I just listenedto your video re the most
Larry: I just joined up with your Uncommon wisdomdaily,com newsletter. I have listened to your recent videore. the most critical development of your lifetime. What was the date you made your comments in the video? What is your current reccommendation re. purchase of gole at the current high price. What are the odds of a pullback in price. When should I buyCanadian maple leafs and wher? Regards, Ken
Larry, what do you think of SGR-T? – San Gold. This one has had a decent run but we’re expecting a new 43-101 report out soon, and I believe it will turn out to be one of the lowest cost producers in NA.
Thanks
Jacquie
Larry,
Are we still to wait for a pullback in the price of gold, or should we be buying now?
Norm
…gold price got wings…pity..u didn’t post wut I wrote yesterday….I have taken it..this morning..flying.. thanks for reminding me, bro…patiently..waiting for breaking out no matter how the odds bring it down by the end of this Fri…….All the best!!!
hey. Bro… I smell..something.. u know fishy..” Exercise Sliver ‘n Gold”??? I quote
” Exercise Silver was held in February of 2009 and “focused on information-sharing across government and non-governmental agencies” as well as providing “safety and security participants with hands-on experience.” Exercise Gold is scheduled for November of this year and will confirm readiness for the Games. There has been questions whether Exercise Gold would involve American forces.”
http://www.infowars.com/police-state-canada-2010-and-the-dark-side-of-the-olympics/
Must be something BIG!!!!
well.. Larry…things have gotten uglier ‘n uglier…
October 16, 2009
Obama Issues Grim Warning To Russia And China: “We Will Attack”
Early reports from President Medvedev and Foreign Minister Lavrov’s meeting with US Secretary of State Hillary Clinton [photo 2nd left] state that President Obama has issued a “grim warning” to Russia and China that the Americans are prepared to “massively attack” should they carry out their plans to replace the US Dollar with the Rouble and Yuan in cross-border trade.
Especially unnerving to both Russia and China about Obama’s warning is that it came at the moment that Prime Minister Putin was meeting in Beijing with Chinese President Hu on finalizing their plans to replace the US Dollar as our World’s main Global Currency in favor a basket of currencies as the ‘Gas Wars’ of the 21st Century are nearing open warfare.
Russia and China in pitting themselves against the Americans, and the West, in what is shaping up to be the pivotal conflict of our era, just announced a $25 Billion agreement for Russian energy giant Gazprom to supply energy-hungry China with natural gas in a move to further strengthen their alliance against the US who this year announced an over 35% increase in their reserves brining them closer to their goal of energy independence.
Not being told the American people by their propaganda media is that as Russia has now toppled Saudi Arabia as the World’s largest oil producer, the Saudis have been put into the previously unthinkable position of demanding that the West provide it with massive financial assistance as it faces total economic collapse.
Even more importantly being kept from the American people is the critically, and decisive for the 21st Century, Persian Nation of Iran, which holds the largest natural gas reserves in the World at over 991 Trillion cubic feet that is coveted by the energy starved Europeans, and whose continued threats of war are nothing but their not-so- subtle attempt to keep the Iranians out of the ‘orbit’ of the Russian and Chinese.
Russian economic analysts state in these reports that Obama’s ‘grand scheme’ for the survival of United States is the ‘rapid shifting’ of its economy from one being dependant upon oil to one of natural gas which will see that Nation build an infrastructure of natural gas run power stations they say will be able to ‘totally’ power their economy and eliminate all energy imports (oil, gas, propane, etc.) by 2018.
So enthusiastic have the Americans become over Obama’s plan for their Nation’s energy independence that the US Federal Energy Regulatory Commission stated at the just concluded World Gas Conference in Buenos Aires that they “may not need any new coal or nuclear plants “ever” again.”
However, and as these reports starkly point out, the nearly “impenetrable wall” that Obama must first get through in seeing his “grand scheme” come to fruition is the World’s willingness to finance it, but with a National debt fast approaching $12 Trillion, and the United Nations now joining the call for the replacing of the US Dollar with a new Global reserve currency, the likelihood is that the United States will collapse before seeing its dreams of freedom survive.
Worse still for Obama’s “grand scheme” was this past weeks “sneak attack” on the US Dollar that is being blamed by the West on Arab oil sheiks said to be conspiring with the Russians and Chinese, but which FSB sources state was engineered by the dissident CIA and Mossad factions whose Federal Reserve and European banking ‘masters’ who have openly declared “war” on the American President and according to these reports raises the risk of a rightist-coup against Obama to a ‘near certainty’.
The reemergence to power of these banksters in America seeking its destruction are eerily echoing their moves against President Roosevelt who they tried to throw out of power during their planned 1933 Business Plot Coup led by the American Nazi fascist leader Prescott Bush who financed Adolph Hitler into power and was the father and grandfather to US Presidents George, and George W. Bush.
And so contemptuous of Obama have these banksters become that the failed US banking giant Goldman Sachs, who were just bailed out to the tune of Billions of Dollars by American taxpayers, is now planning on awarding themselves over $20 Billion in bonuses as their Nation and its growing masses of unemployed peoples continue falling into the abyss of total economic collapse.
Even worse, the dimwitted American people are now reported to be so brainwashed by their fascist bankster and corporate slave masters that the majority of them now see Obama as their ‘enemy’, and which is the same ‘master plan’ used against President John F. Kennedy who, like Obama, dared to go to war against these monsters by his ordering the Federal Reserve to be “stripped of all powers” and returning the printing of Dollars to the US Treasury, but which, sadly, led to his assassination.
The 28th President of the United States, Woodrow Wilson, once warned his Nation… “Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the U.S., in the field of commerce and manufacturing, are afraid of somebody, are afraid of something. They know that there is a power somewhere so organized, so subtle, so watchful, so interlocked, so complete, so pervasive, that they had better not speak above their breath when they speak in condemnation of it.”
The 1st President of the United States, George Washington, further warned his Nation… “It may be laid down as a primary position, and the basis of our system, that every Citizen who enjoys the protection of a Free Government, owes not only a proportion of his property, but even of his personal services to the defense of it.”
Unfortunately the American people have failed to heed either one of them as evidenced by their allowing the Nazi coup against Roosevelt to fade from their history books and the murder of Kennedy to go unanswered for.
With such a people supposedly standing behind him, one does wonder how Obama can survive with only these cowards and idiots to protect and defend him, or why he would even want to.
But, and as the great American President Abraham Lincoln once observed by saying “America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.”, the ‘final chapter’ of this latest chapter in the ‘American Story’ is yet to be written, and maybe, just maybe, these poor souls will end up surprising us all again by willingly sacrificing themselves as individuals for the greater good of their Nation.
The cost? Most assuredly high. The bloodshed? Beyond all description and measure to be sure. But as the great American Founding Father Thomas Jefferson once warned, “The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.”, the time for battle is upon them all, even if they fail to see it.
To Me:
It seems that you have been reading your “Larouche” information. Rather than fight the Russians and Chinese, we should be following suit; 1) Put American banks through Bankruptcy on a Glass-Steagall standard, 2) dump the phony “paper” debt, 3) establish a Hamiltonian credit system of banking as did JQAdams, Lincoln FDR, and Kennedy, 4) Make the FED establish in the short-term a 4% international fixed credit rate 5) Restart American’s economic engine with massive infrastructure jobs financed with with long term low interest credit, based on a National Currency. 6) Phase out the Fed. 7) Build the US economy with strong tariffs
enter into international trade treaties with like-minded nations for mutual benefit.
There is no need to fight the Russians and Chinese. they are just following the same economy principles of that are embodied in our constitution. We should applaud them and strive to get back on track with our own economy which has laid dormant since 1968.
This would free the American spirit and creative powers of the individual as our strongest asset. Projects and Missions to the Moon and Mars would be next on the agenda. Defeat the global, bloodsucking, monetarists once and for all letting freedom, creativity, and real science reign once again.
Joseph Giallombardo
Mr. Edelson,
Where do you get the figure of $125 trillion in “Washington’s” debt?
The U.S. government, under current accounting practice, at the end of fiscal year 2008, had a total of $12.2 Trillion in debt (p.39,08USFR).
IF you add the $35 T in net FUTURE liabilities on the Statements of Social Insurance (p.40), these add to the debt, $6.6 T for SS, $12.7 T for Medicare Part A, and $15.7 T for Medicare Part B.
Are you counting the Federal Reserve’s Bank’s liabilities as “Washington’s.” If so, their latest liability sheet shows about $2 T in liabilities.
Thanks for clarifying for me.