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And of course the Feds are thinking of doing QE3 also so get ready for your dollar to be worth about 27 cents. Weiss Research, Inc. This message has been edited by idive on 05-13-2012 at 12:16 AM If you can make untold fortunes using his advice, why doesn't he just do it himself instead of trying to flog a newsletter? Yes the US is no longer the worlds largest economy. No news there. But this guy is trying to make a buck off fear mongering IMO
KlasKat U.S. Agrees To Back China’s Bid To Make The Yuan A Global Reserve Currency!
Treasury Secretary Geithner’s Beijing meeting succeeds in giving the yuan global currency status. Dire implications for the U.S. dollar. You must take action NOW ...
Last week, I warned you how U.S. Treasury Secretary Timothy Geithner — the man whose chief responsibility is upholding the integrity of the U.S. dollar and its purchasing power ...
Was running off to Beijing to convince China’s leaders that the U.S. dollar had to go down in value ... and that China’s currency, the yuan, had to rise.
Many thought I was nuts, just like they did when I first started warning that Beijing and Washington were in cahoots in an effort to devalue the U.S. dollar.
But now, it’s clear: Geithner has accomplished his goal. In news just released late Sunday night, the U.S. has effectively agreed to back China’s bid to have the International Monetary Fund give the yuan global reserve currency status.
If you’re an American, you must stand up and take notice. Yes, China’s economy has come a long way. Yes, China’s economy is now the second largest in the world. Yes, China should have an important say in the global economy.
And yes, China also engages in unfair trade practices.
But if anyone’s guilty of unfair trade practices, it’s Timothy Geithner. He is selling out the purchasing power of your dollars and trading them for a stronger Chinese currency.
Look. The yuan could have simply continued to expand its international clout naturally, taking the next few years to gain official reserve currency status along with the dollar and the euro.
But that’s not what Beijing or Washington want. Both parties want it to happen NOW.
Chief reason: There’s a cancer in today’s global economy — debt and deflation — and Washington and Beijing both know that the only way to cure it is to DEVALUE the world’s single largest reserve currency, the U.S. dollar, to stoke up the flames of inflation.
This is PRECISELY what I have been warning you about. As the dollar is devalued against the yuan — your cost of living WILL skyrocket.
That’s what happens when the dollar is devalued. We saw it in the late 1970s, when the dollar’s value plunged and inflation soared.
We saw it again in the mid-1980s when the dollar was devalued against the Japanese yen, and select commodity prices shot again to the moon.
And we’ve seen it happen again and again over the last decade — as the dollar lost more than 30% of its purchasing power ... and the prices of everything from eggs to gasoline have jumped wildly.
Thing is, the dollar is now more vulnerable than ever before. Besides the forward march of the yuan — the dollar is being saddled by our Federal Reserve who stands ready to print up trillions more dollars at the drop of a hat.
All of this is why I have also been so insistent that you watch my video, which exposes the truth about why Washington wants to devalue the U.S. dollar ... and how Beijing is in on it.
The video also includes several actionable decisions you should urgently consider — both to PROTECT your wealth and to turn the tables on Washington and Beijing by staking out your share of the PROFITS that are available as China’s currency advances at the expense of the U.S. dollar.
idive Beijing gives China’s banks the green light to dump dollars!
This is absolutely unprecedented. China’s central bank has always been able to sell dollars.
NOW, EVERY COMMERCIAL CHINESE BANK HAS BEEN GIVEN OFFICIAL FIRST-TIME-EVER APPROVAL TO DUMP AND SELL SHORT THE U.S. DOLLAR!
URGENT: You must protect your money now! The dollar devaluation conspiracy I’ve been warning about is about to hit the greenback hard. Here’s what to do IMMEDIATELY ...
My name is Larry Edelson and I’ve been a professional financial analyst for the last 33 years.
You may even recognize my name from my appearances in Forbes, or on Bloomberg, CBS Marketwatch, CNBC or some other major financial program or publication.
However, what I have recently discovered is something you will NOT hear me (or anyone else) say in any of those venues.
I wonder how many people think I’m nuts now! All along I’ve been warning that Beijing and Washington were moving to devalue the U.S. dollar and start lifting the Chinese yuan’s status as an international currency.
And over the last couple of weeks I’ve outlined about every single step that Beijing’s taken to do exactly that, without one single objection coming from our “leaders” in Washington!
But this recent announcement takes the cake: Beijing just gave the country’s commercial banks the green light to dump U.S. dollars — for the first time ever!
Is it any surprise that the U.S. dollar is hovering near record lows against the Chinese yuan, ready to plunge further? I think not!
Is it any surprise that the U.S. dollar can’t even rally against Europe’s currency — a currency that everyone knows is doomed?
I think not!
My view: If you don’t take the action you need to take now to PROTECT your money and turn this looming, disastrous dollar devaluation to your advantage ...
You’re about to commit financial suicide!
Instead, take the action I recommend now —
Including the select high-profit-potential investments that could soar 185% ... 200% ... 257% ... up to 365% as the U.S. dollar’s value is gutted!
Simply view my special video which gives you the complete low-down on why the U.S. dollar’s value is on the verge of going off a cliff ...
And the facts you need to protect your home, your savings, your investments and your retirement from what I believe is the single greatest economic crisis in our nation's history.
The video costs nothing to watch. Simply turn up your computer speakers and click this link http://alerts.michaelsavage.com/HS?a=ENX7CqkoeE4u8SA9MKJJQJznGHxKLAhL4PcStGb5lw8W0bBhOG5mpqVsje_HhdAFRFLh the video will begin playing immediately.
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ed monahan Are you people NUTS? Obama is not going to let that happen, he is the saviour. beachcat What a crock. The guy's just trying to flog subscriptions to his 2 bit "real wealth report".
And of course the Feds are thinking of doing QE3 also so get ready for your dollar to be worth about 27 cents.
Weiss Research, Inc.
This message has been edited by idive on 05-13-2012 at 12:16 AM
If you can make untold fortunes using his advice, why doesn't he just do it himself instead of trying to flog a newsletter?
Yes the US is no longer the worlds largest economy. No news there. But this guy is trying to make a buck off fear mongering IMO
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