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G&G Associates Tax & Financial Consulting
e-Newsletter
Uncle Sam Wants Your Retirement Plan!
Hotep G&G Readers,
As an avid Tax & Financial researcher, over the years I’ve watched as those Wall Street guys vie for our retirement plans for years. Like snake-oil salesman on crack, they peddled their wares on unsuspecting, hard-working Americans. Naturally they wanted their clients to buy the investments that would hand them the most fees.
So these smooth talkers pushed the most boring U.S. blue-chips, the “safest” (read: lowest yielding) bonds, and recommended the “tried and true” mutual funds that had seen their heyday years prior for all retirement plans. (Not even currencies or commodities were on the menu.) It was textbook rear-view mirror investing.
For the most part they got away with it – that is until the credit market crashed in 2008, and everyone learned how fickle those stocks and mutual funds were.
Yes, it was disgusting…depressing for some…to watch.
But as annoying as this Wall Street pandering was, it’s nothing compared to what Washington is trying to do to your retirement plans right now. (READ the URGENT RETIREMENT REPORT…IMMEDIATELY)
In short, they want to govern your retirement plans with the same arrogance and stupidity that made us the world’s biggest financial deadbeats in the first place. More on that in a moment. First let me set the scene for you…
Uncle Sam Needs Another Sugar Momma
The guys in Washington are getting desperate.
For years, our government has relied on the major Asian players like China and Japan to finance our debt. I’m sure you’ve heard this story. We bought their stuff, and they bought our Treasuries and other U.S. paper.
This system worked out great for us.
We spent like teenagers with our Daddy’s credit card, and then foreign investors essentially picked up the bill. All we had to do was offer them to pay them back at some later date (and honestly, with the world’s reserve currency – we could afford to print whatever we owe them in the future).
But some funny things happened as politicians wallowed in their own brilliance for arranging this deal...
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First, we quickly became the biggest financial losers on earth.
As of last week, our debt stands at $12.5 trillion. It’s estimated our country-wide debt will climb to $14 trillion by the end of this year. So complacency happened – we became used to the idea of being in debt.
Then, 2008 happened. Subprime happened. The credit crunch happened. Worldwide recession happened. And now trillions of dollars in bailouts later...
Suddenly the U.S. issues Treasuries like crazy to pay for all that debt. Many of my colleagues are calling this massive Treasury issuance the biggest financial bubble of all time – very close to popping.
Click below to read GGIS free URGENT RETIRMENT REPORT…It’s marked URGENT for a reason:
www.gngassoc.com/GGIS/URGENT_RETIREMENT_REPORT.pdf
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With the falling dollar and the explosion in gold, silver, oil and other natural resource prices, you need to stay on top of your game and manage your “OWN Finances.”
Become a GGIS subscriber now and you’ll be sure that we make sure you stay on top of your Tax and Financial Future to make sure your BUSINESS … AT HOME is protected. Remember…most people look after their bosses business, but fail to look after their own Business At home.
Take advantage of our 2010 discount offer if you are not yet a member of the GGIS paid newsletter service and you’ll be on your way to knowing how to protect your portfolio...at least what’s left of it. I’ll keep you informed on the “REAL DEAL” in our economy so you can protect your wealth. So....Sign up today!!!
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If you missed a past G&G article, click on the link below to visit G&G Associates archive:
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Until the next time!
Asante Sana (Thanks)
Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net
"Your mind is like a parachute, it only works when it is open."
C. Brown
P.S. If you're not a GGIS Paid Subscriber reader yet, it's not a bad way to start the year. The recent dollar rally has actually given everyone some new opportunities to invest on the cheap. And currently, our GGIS portfolio is packed with great plays to kick-start your "anti-dollar" portfolio for 2010. Click here www.gngassociates.net for details about how to subscribe now (and get access to our members only website where you get or all kinds of extra bonuses and premium reports), for just $49 a year or $199 for a lifetime subscription.
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