The U.S. dollar is being hammered on world markets, crashing against virtually every major — and minor — currency in the world.
As a direct result, your buying power, investments and retirement are in grave danger.
But the profits to be made in foreign currencies are the greatest of all time!
My free gift to you: Our Emergency Video Summit — Friday, May 2, 2008 at 2 p.m., Eastern Time!
The Fed’s response to the housing bust and credit crisis is killing the dollar — just like we said it would.
After pouring tens of billions of dollars directly into the mortgage markets and slashing the Fed’s discount rate over and over again, the government has now launched an all-out assault on the rapidly spreading housing and mortgage catastrophe.
First, President Bush announced that Washington would throw yet more money at the credit crunch with massive spending initiatives to help at-risk mortgage holders keep their homes.
On the very same day, in Jackson Hole, Wyoming, Bush’s hand-picked Fed Chief, Ben Bernanke, said in public what he’s only been admitting to congressmen behind closed doors: That the Fed will do whatever it takes to bail out failing financial institutions.
Fed Chairman Bernanke — kicking the printing presses into overdrive
“We’ll throw billions ... tens of billions ... even hundreds of billions of newly-printed paper dollars at this crisis if that’s what it takes to bail out irresponsible borrowers and lenders.”
Does Bernanke know what that means? Does he understand that every new paper dollar he throws into the economy reduces the value of every other dollar in circulation?
Does he know that by devaluing the dollar he is, in effect, robbing you of purchasing power and making every investment you own worth less?
I think so. Bernanke graduated from Harvard summa cum laude with a B.A. in economics. He has a Ph.D. in economics from the Massachusetts Institute of Technology (M.I.T.). And before he joined the Fed, Bernanke was Professor and Chair of the Economics Department at Princeton.
Of course he understands the basics of supply and demand. Of course he knows that by throwing billions of unbacked paper dollars at the credit crunch he’s devaluing the U.S. dollar.
But does he care that he’s destroying your buying power, the value of your investments and putting your retirement at risk?
Maybe, maybe not. But one thing is for sure: He is far more terrified of what will happen if he does not avert the vicious cycle of home price declines and foreclosures now sweeping across the country. That’s why we have come to such a critical crossroads for every single financial decision you could possibly make.
And that’s why it’s so essential that you register freefor our online emergency video summit The Great Dollar Panic of 2007-2008:Urgent Self-Defense and Massive Profit Opportunities
In this action packed hour, world currency expert Jack Crooks and I will give you new proof that this mushrooming mortgage meltdown and credit crisis now threatens every dollar you earn, save and invest — and how it’s destroying your buying power, your investment potential and even your chances of a secure retirement.
Plus, for the first time ever, Jack will explain why he’s convinced that as the U.S. dollar plummets, the greatest profit opportunity in years is now taking shape on the other side of the planet.
In this exciting, fast paced, one hour Video Summit, we’ll reveal fresh, new facts that Washington and Wall Street do not want you to know ...
Why the subprime meltdown that has hammered the U.S. dollar so far is far less than one-tenth of the problem: And why Washington’s bail-out of the mortgage industry and welfare plan for reckless borrowers will ultimately dwarf the Chrysler bail-out of 1979 and the Savings and Loan bail-out of the 1980s and will be far greater than any other crisis since the Great Depression.
“Life or death” implications for every stock you own: Why the government’s bail-out will cost you dearly if it’s successful and why it could break you if it fails.
How both scenarios lead to the same result for the U.S. dollar and a massive, win-win opportunity to profit from rising foreign currencies.
The most devastating blunder most U.S. investors will make: Why each massive installment in this historic bail-out will seduce gullible investors to throw more money into U.S. stocks ... why temporary gains in the Dow and S&P will be nothing more than froth and hot air ... and why investors could lose up to half their wealth when the bubble bursts. This alone could save your wealth and your retirement!
The one thing you must do now to protect your wealth: How watching what foreign investors do now could help you avoid a personal financial catastrophe in the weeks and months ahead.
The 7 types of U.S. investments you must sell now: Time-bombs in your portfolio — the sectors and vehicles most likely to get creamed as this money panic spreads — how many of them do you own now?
Four all-new defense strategies nobody else tells you about — each one designed to soar when the dollar dives: How and when to use each one to insulate your wealth and go for gains of up to 30-to-one in this great money panic.
The single greatest opportunity for huge profits ahead: While the U.S. dollar falls, the world’s most undervalued currency is setting the stage for one of the all time greatest comebacks — make the right moves now, and this one investment alone could multiply your money many times over in 2008 and beyond