Asset and Wealth Protection
What does the national debt really mean? Would you be shocked to know that we have in America the identical monetary system that Adolf Hitler had and that Russia had and has? We also have a propaganda machine that would have made Hitler blush.
As you recommended some years ago, we went ahead and purchased Swiss annuities.
Yesterday, we received a notice from Switzerland that we have to fill out form “TD F 90-22.1″, “Report of Foreign Bank and Financial Accounts”. I was under the impression that since annuities were NOT bank accounts, this didn’t apply to us. And starting next month, the Swiss are redeeming our policies, since it’s been the five years we noted on our applications.
This is very disturbing to me. I don’t like our government’s intrusive behavior as it is, but the Swiss seem scared of Obama. Are we going to be in trouble because we haven’t reported this previously? (I don’t expect a definitive answer from you on that one.) But any advice or recommendations?
Secondly, we have some nightmarish stories about Children’s Services in this country; maybe it’s time to do another piece on them, because they have too much power and appear to be out of control.
Thanks! We always appreciate your newsletters.
Pamela G., R.N., B.A.
Media buzz surrounding Bitcoin has grown in recent months as the digital currency has gained wider acceptance among investors, retailers, economists and even regulators. The ongoing mainstreaming of the online currency has driven up its value greatly. And Bitcoin fans are working to ensure its longevity.
Detroit municipal workers learned Tuesday that promises made by the city and their union leaders that they would have lifetime pensions and healthcare benefits were hollow promises. It’s an ill omen for pensioners across the country.
I began publishing my monthly newsletter The Bob Livingston Letter™ (subscription required) in 1969. The following is an excerpt from the December 1998 issue in which I warned of the danger of the dot.com bubble. Just 18 months later, the bubble burst. By the way, we are reaching this same point once again thanks to QE.
Our economic system is simply a confidence game. Our credit-based monetary system requires confidence to remain in a positive mode. Confidence is a perception of reality no matter what reality actually is. When money is credit, it is 100% confidence. Inflation can turn on a dime into black hole deflation.
In [the November] issue [of The Bob Livingston Letter] you recommended living outside the U.S but you didn’t give us a clue as to where would be a good place to live on a limited income??? I really get frustrated with this because this isn’t the first time you brought this up. Give us some clues please! If everything is going to hit the fan soon then please tell us WHERE??
The Senate Homeland Security and Governmental Affairs Committee heard testimony Monday concerning virtual currencies. During the hearing, titled “Beyond Silk Road: Potential Risks, Threats, and Promises of Virtual Currencies,” Federal agencies told lawmakers that currencies such as Botcoins can be can be “legal means of exchange,” meaning that wider acceptance of the virtual currency could […]
Hello Mr. Livingston,
We’ve been reading your newsletter for quite some time now. I have a question. What do I do with $150,000 dollars in the bank? I believe everything you are saying is about to happen and we are worried about losing our hard earned retirement savings. Please advise.
Thank you and God Bless,
We almost certainly face a black depression or a total collapse, and very few people are ready. Why? Most people are so accustomed to the easy life with everything at their fingertips that they cannot imagine a crash of the system leaving people desperate. It is much better to be prepared.
Should I be taking my gold out of my retirement account? You mentioned confiscation of IRAs and 401K accounts which traditionally hold fiat currency, but I still have an IRA with some of my gold in Sterling Trust.
I’m getting a little nervous about it being there but I have not taken it because of the taxes I would incur. I have also wanted to wait until the price of gold dropped a little more. Sometimes it feels as though I’m playing financial Russian roulette. I’d appreciate some input.