Wall Street’s ignorance was on full display this month when Warren Buffett’s top investment advisor Charles Munger explained that gold is a useless relic. Munger thinks people should either be facing a Nazi occupation or else be as stupid as a caveman in order to purchase gold.
Several economic events are likely to take place this year, all of which are leading in one direction: the end of the greenback as the world reserve currency. Some people question how it would be even remotely possible that the dollar could be replaced. The question is a viable one. How could the dollar be unseated?
Among the best investments are companies that pay dividends. But how do you select which companies will continue to pay their dividends even in a rocky economy? The secret is to understand the payout ratio.
Even years after his death, the Roman Senate continued to cry “Hannibal is at the gates,” using the peoples’ fear of Hannibal exactly as the U.S. government and its lapdog politicians today use the myth of terrorism. We are sacrificing liberty for “security” because of the created, imagined threat of terrorists.
Last month, one of the market’s best high-income opportunities got a little cheaper. If you take action right now, you can earn a safe 5 percent interest, tax-free. The opportunity is in municipal bonds, loans made to State and municipal governments.
The Federal Reserve and the European Central Bank had both given the go-ahead for higher gold prices… until Ben Bernanke’s testimony before Congress and a key announcement from the Federal Open Market Committee brought about a swift reversal.
I am an enthusiastic reader of your information. But I am left with frustration. Thanks to you, I have an adequate supply of essentials including food, vitamins, gold and silver. I am 77 years old. I live alone and practice full time. I am blessed with excellent health.
I have four desperately important questions:
- Can I feel “safe” with my retirement funds in bank holdings with Merrill Lynch? I am not comfortable with European currencies, even Swiss, because of the turmoil in Europe. The thought of government confiscation of my funds or having my money become worthless is terrifying.
- What I need is a sign of the approaching doom. I know of nothing to watch except the banks closing their doors. What businesses will be able to function?
- I have family with their homes “under water” and unable to re-finance without enormous up-front funds. Is there any temporary safe haven to save their homes?
- How will we pay bills? Especially big mortgage and insurance payments.
Bob , I am simply asking for some signs to watch for to help me sleep better and not wake up in terror.
I need a good word from the Master (YOU) before I invest in your CD- Seminar packages. Thank you for your wonderful Christian philosophy.
Jean Alice Lord, D. C.
On Jan. 23, the Chinese New Year began; it is the year of the Dragon. A symbol for good fortune and change, the dragon also stands for progression and perseverance. Given the fact that China has become such an important driver of global growth, it would certainly be good to get a little help from the dragon this year.
There are still people around who are wondering “if” or “when” the American dollar is going to collapse. But I can tell you that there is no if or when; the collapse of the U.S. dollar is happening right now. The depression it is causing is highly visible. The people are already in the streets: in the United States and around the world.
I read an on article on the devaluation of the dollar (The Bob Livingston Letter™, September 2011) in which you mention alternatives to the dollar. You mention the Swiss franc annuity. Can you elaborate as to how it works and how one would go about to obtain this type of annuity?