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G&G Associates
Tax & Financial Consulting Services
e-Newsletter

The Chinese Speak … But Are You Listening?

Karibu (Welcome) G&G Readers,

I’m going to have to make this one quick today. Been on the road quite a bit lately and my normal research time has been cut back quite a bit.

Check out this news from China, where a Chinese official was quoted on the newswires saying that the dollar will continue to weaken against other major currencies, and then went on to give a "warning of the risks in holding large sums of U.S. dollar assets." This really got the overnight markets to sell dollars, but then the heavy selling was cut to just selling, when the Chinese official stated that the comments were his personal views only. Yeah right. I'm sure that this Chinese official received a "call" and was reminded that the Chinese held Trillions of U.S. dollar assets. And he decided that the views were his "own personal views".

One thing for sure is that the Chinese have cut back big time buying US Treasuries and have been buying and encouraging their people to buy precious metals gold and silver.

What’s the US Government telling you to do with your money? Buy more PROMISSORY NOTES -aka- promises to pay.

Again…if you aren’t diversifying your portfolio and savings out of dollars why not? Lack of education or do you really have faith in our trusted (that’s a joke) officials in Washington?

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As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.

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Until the next time!

Metta (Wishing You the Best)

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

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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.