Tax & Financial Tips Archive
[Back to Archive]

 

Date: April 5, 2011
Subject: The Writing is on the Wall … Are You Prepared?



This is
G&G Investment Society (GGIS)
e-Newsletter

The Writing is on the Wall … Are You Prepared?

Karibu (Welcome) G&G Readers,

When I turned on the television this morning, “Squawk Box” gave an interesting statistic this morning. They said that this year so far the price of food and fuel has gone up 5.7% but people’s income has only gone up 1.3%. What happened to the 3% inflation rate the government told us they are predicting for 2011?

Just look around at what has happened the past couple of months.

Angry protests in Wisconsin made front-page news for several weeks. Similar fights and protests are brewing in Indiana, Ohio, and Kansas, just to name a few. In fact, one political organization organized a rally in EVERY state on a single day in late February.

Around the globe, there have been massive protests, hundreds of deaths, and even the overthrow of several governments.

And here's the thing...

Although few Americans recognize it... As we see it, THIS IS ALL RELATED TO THE VERY SAME CRISIS THAT WILL SOON ERUPT IN FULL FORCE HERE ON U.S. SHORES.

Now, I’ve been giving G&G Readers warnings about this for months to the toll where some people might think I’m crazy. Please understand this... nothing about what I’ve stated is radical. I only aim to report what I see and try to help those who want to listen protect their wealth.

I can’t sit idly by and watch my customers, friends, family, and colleagues all destroyed by what's going on, especially when there are some very simple steps everyone could take to protect themselves.

-------------------------------------------------
Internal Sponsorship:

To become a member of the G&G Investment Society newsletter subscription to learn how to protect your wealth and portfolio, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the “Products & Services” link and we’ll get you signed up right away.

DON'T WAIT ANOTHER DAY!

- 1 year subscription - $99
- 2 year subscription - $189
- Lifetime subscription - $399

*** Membership Guarantee ... If you don't make your back from being a GGIS member by the end of your subscription...we'll refund 100% of your money back. That's how confident we are that this will be one of the best financial moves of your life.

So, Sign up today!!!

------------------------------------------------

UPDATE #1:
Riots and Soaring Prices

As the U.S. dollar continues to lose its position as the world's currency, gas, oil, and other commodities will continue to skyrocket. Almost EVERYTHING we consume will immediately get more expensive. All the clothing, furniture, and household goods we import from China. All the food we get from Central and South America... all the electronics, televisions, computers, and cars we get from Asia and Europe.
And over the past 6 months, that's exactly what has happened. Everything is getting more expensive...

In fact, each week, {fact check} The Wall Street Journal has a section called 'Cash Prices.' It lists dozens of commodities, everything from wool, zinc, tin, and pork... to gold, silver, platinum, and lead.

I recently checked these listing in the paper's March 1st, 2011 edition. And the numbers were mind-boggling... In short, of the 88 prices quoted... 85 items are more expensive today than they were just a year ago... many significantly so.

Oil is up more than 50% from a year ago. Silver is up more than 100%--so is cotton, and coffee. Tin is up 90%. Oats are up more than 70%. So is wheat. Butter is up more than 40%. So is sugar.

Again, of the 88 prices quoted, the only three physical commodities that are cheaper today than they were a year ago... natural gas, eggs, and chickens.

Everything is more expensive! In some cases... MUCH more expensive.

And yet THE GOVERNMENT CONTINUES TO SAY THERE IS NO INFLATION? How is that possible?

** Quote: “Liars can figure but figures don’t lie, the key is can you figure if he/she is lying or not.”

It's unbelievable to me that they think the American public is going to fall for this. Well, some have…did you?

But the real problem isn't how these price increases will affect us. Here in America if our milk and bread costs go up by 50 cents, it doesn't hurt us as much in the short term.

But in places like the Middle East and Asia, food and fuel often eat up 50% to 75% of a family's income... because wages are so low. Rising commodity prices have HUGE repercussions in these places...

Which is partly why we're seeing riots on a massive scale... social and political unrest... looting and violence in places like Egypt, Libya, Yemen, Tunisia, and numerous other nations.

And skyrocketing food prices are just the beginning...Gold prices are up as much as 32% since the beginning of 2010. Silver is up more than 140%!

I mean... how high do precious metals prices have to go before the average American realizes how serious this problem is? It can’t be because I haven’t been warning G&G Readers. Yes…I’m going to say I told you so and have been telling you now for about 4 years.

To me, it's clear that investors would rather hold gold and silver, rather than U.S. dollars.

Anyone with any sense or basic understanding of economics can tell that the U.S. dollar is doomed. And it's going to have major repercussions, which the average American has not yet even considered.

The point is, it's not a matter of "if" the U.S. dollar will lose its status as the world's reserve currency... it's a process that is already underway.

So, what can you do? Sign up for G&G Investment Societies (GGIS) to learn what you need to do to protect your wealth from the calamity that’s about to happen here in the US.


UPDATE #2:
Your Local Gov't Is On the Brink of Default

Back in February, I told you about the dire situation most state and local governments are in. Well, the situation has actually gotten much, much worse...

Here's what I mean:

Meredith Whitney is one of the most respected analysts on Wall Street, went on the CBS news program 60 Minutes, and predicted that:

"You could see 50 sizeable [local government bond] defaults. Fifty to 100 sizeable defaults. More. This will amount to hundreds of billions of dollars' worth of defaults."

And if this happens, it will instantly become much more expensive, if not impossible, for state and local governments to borrow money. Which means thousands of people could lose their jobs, and hundreds of programs could be shut down, overnight.

Whitney added...
"The most alarming thing about the state issue is the level of complacency. It has tentacles as wide as anything I've seen. I think next to housing this is the single most important issue in the United States, and certainly the largest threat to the U.S. economy,".

New Jersey Governor Chris Christie, confirmed that this problem is going on all over the country... He told 60 Minutes:

"It's not like you can avoid it forever, 'cause it's here now. And we all know it's here. And the federal government doesn't have the money to paper over it anymore, either, for the states. The day of reckoning has arrived. That's it. And it's gonna arrive everywhere. Timing will vary a little bit, depending upon which state you're in, but it's comin'.

"We spent too much on everything. We spent too much. We spent money we didn't have. We borrowed money just crazily. The credit cards maxed out, and it's over. It's over."

So, G&G Readers it’s not just me giving you this warning. I just hope you start listening and start making some moves to protect yourself.

The truly amazing thing is that the U.S. Federal government is in even worse shape than the local governments!

The only reason we haven't seen the full brunt of this crisis yet on the federal level is because we've just continued to pile on more and more debt.

You see … the states can't print money... but the Federal government can (at least for now). And for the moment, this is all that is preventing a currency collapse of unprecedented proportions.

And this is the important point: What most people don't realize is that the U.S. government can only continue printing dollars... as long as the U.S. dollar remains the world's reserve currency.

In other words, this is all going to fall apart much sooner than people think. In fact, it's already happening... The first steps are already well underway. It is happening right now... before our very eyes.

I can't stress this enough: You need to act now in order to protect your assets, and grow your savings in the next few years. Before I get to that, there's one last thing I want to update you on...


UPDATE #3:
International Monetary Fund (IMF) Speaks

This is probably the most frightening development that has taken place so far. A meeting between some of the world's most powerful countries whose goal was to find a stable and dependable world reserve currency occurred several months ago.

A few weeks ago, a major international organization made a startling announcement: On Thursday February 10th, the International Monetary Fund (IMF) issued a report on a possible replacement for the dollar as the world's reserve currency. CNN reported the story, but many have no clue or even recognize the significance of this event.

The IMF, which is headquartered in Washington, DC, is the intergovernmental organization that oversees the global financial system. They are “THE” most influential financial organization in the world economy.

The IMF has proposed replacing the U.S. dollar with something called "Special Drawing Rights," or SDRs. SDRs represent potential claims on the currencies of IMF members. SDRs were created by the IMF in 1969 and can be converted into any currency, based on a weighted basket of international currencies. When the IMF lends money, it typically does so via SDRs.

The IMF also proposed creating SDR-denominated bonds, which could reduce central banks' dependence on U.S. Treasuries. The IMF also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs. Let me type this again…” The IMF also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs.”

This is a “HUGE” and an important step to replace the U.S. dollar as the world's reserve currency.

Any government or investor with any sense of finances is looking to get out of the U.S. dollar as quickly and safely as possible. And the IMF is not the only mainstream organization that has come out openly over the past 4 months to validate my claim.

Sam Zell (the 60th richest man in America according to Forbes Magazine, and one of the world's purported best investors), did a rare interview with CNBC.

Here's what he said:
"My single biggest financial concern is the loss of the dollar as the reserve currency. I can't imagine anything more disastrous to our country. I'm hoping against, I hope that ain't gonna happen, but you're already seeing things in the markets that are suggesting that confidence in the dollar is waning. I think you could see a 25% reduction in the standard of living in this country if the US dollar was no longer the world's reserve currency. That's how valuable it is."

Believe me, this is very scary stuff, which not 1 in 1,000 Americans fully understands.

But today, you can start to learn how to insulate your financial portfolio to protect yourself from the dollars ultimate decline.

Sign up today to become a GGIS paid subscriber and finally take control of your finances. Stop doing what everyone else is doing because the masses are clueless of what’s about to occur. Again, to sign up for GGIS: just send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the “Products & Services” link and we’ll get you signed up right away.

DON'T WAIT ANOTHER DAY!

- 1 year subscription - $99
- 2 year subscription - $189
- Lifetime subscription - $399

*** Membership Guarantee ... If you don't make your back from being a GGIS member by the end of your subscription...we'll refund 100% of your money back. That's how confident we are that this will be one of the best financial moves of your life.

So, Sign up today!!!

If you need a one-on-one consultation to learn how to implement these investments or any other on the GGIS portfolio, feel free to contact me to setup an appointment.

Until the next time!

Ankh Uja Snb (Life, Health & Strength)

Asar Gary Gray
Tax & Financial Consultant, RFC
G&G Associates
757-251-0174 office
866-361-3872 toll free fax
www.gngassociates.net

Become a Fan G&G Associates and G&G Travel on Facebook.

"You can lead a horse to the water, but you can't make him drink it"
Ancient AfRAkan Proverb


P.S. If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the “G&G Travel” link and let your travel planning begin. Let us know where you want to go and we’ll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on Facebook.




LEGAL NOTICE: This work is based on SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. Nothing herein should be considered personalized investment advice. It may contain errors and you shouldn't make any investment decision based solely on what you read here. It's your money and your responsibility.

 

Tax & Financial Tips Archive
[Back to Archive]