The Death of the Dollar Is Here!
by Ron Holland
On Friday, March 14, 2008 the Dollar fell below the Swiss Franc for the first time in history. In 1971, the Swiss Franc was valued around 25 cents and in 2002 it was around 55 cents and now is near parity with the franc.
It will happen & here are some low cost alternatives on what you can do
to protect your family savings, investments and liberty.
First of all, "I'm retired from the investment business and I'm not out to sell you anything". This is just a personal warning from me to you. Many of you know me from reading my articles, websites or special reports on current affairs, investments or politics. Others are former investment clients during my 25 year career in the investment industry. If you have been following my progress or the lack of it the last few years, you know I've retired from the investment business and now I simply market mountain property here in the mountains of North Carolina.
I believe the United States really is heading toward bankruptcy and the dollar is doomed to collapse in value maybe by 50% or more during the next 5 years. The politicians, the Federal Reserve and Wall Street will blame everyone but themselves and you'll probably see through the misinformation and propaganda but in this case who cares? You will be far poorer, your family finances and retirement will be weakened or destroyed and there will be nothing you can do about it.
Here are my simple suggestions on how to protect your wealth, savings and liberties during the coming economic problems. They are not expensive or complicated and do not generate large commissions. I'm sure you will hear plenty on the high commission and expensive products and services from financial marketing experts but these are simple recommendations you may not hear much about. .
Buy Gold Bullion Coins - They are historically an inflation and financial crisis hedge and make sure you are paying only a slight premium over the bullion price. Many coin dealers and firms will try to switch you into numismatic coins but just say no as these have high commissions and markups. Buy from a dealer you know or that someone you know and trust recommends.
Invest Part of Your Savings Out of the Dollar - The percentage should depend upon your level of concern about the dollar and our nation's economic and political future. You can invest in Certificates of Deposit in the Euro or Swiss Franc at your local bank, your foreign bank or consider EverBank's foreign currency CD http://www.everbank.com but stick with these two currencies.
Invest Some of Your Savings Out of the Country - When the situation goes downhill, who knows what the politicians or bureaucrats will do here in the US. Plan for the worst and hope for the best. Foreign annuities again in the Swiss Franc and or Euro are an inexpensive easy way to legally invest offshore and they can provide real asset protection. Contact BFI-Consulting in Switzerland for more information at http://www.bfi-consulting.com or Caye Bank in Belize. www.cayebank.bz
Cash & Liquidity Will Be King! - Build a nest egg of enough cash to pay your bills for a couple of months. The FEDS don't like cash so make copies of your cash withdrawal receipts and keep them separate from the cash so you have proof of where the cash came from.
Decrease Your Investments in American Stocks and Bonds - Inflation and a falling dollar will be bad for the overall American stock and bond markets. Consider additional diversification in globally diversified mutual funds instead of the US markets by simply switching funds inside your family of mutual funds.
Restore Your Liberty - All the savings and investment success in the world mean nothing if your government and the politicians steal it from you during a real or contrived financial crisis. Consider taking 10% of the gains you make on these suggestions and make a tax deductible donation to a 501(c)3 organization that is out to restore your personal and economic liberties. I like the Mises Institute at http://www.mises.org but you decide what organization best meets your needs.
Act Today! - No one can forecast when something will happen and I'm much better at trends than timing but I fear the dollar is doomed over the long run to drop over 50% to the Euro and other major currencies. I urge you to ponder what I've written and do your own research and reading. Then if you feel this is the right thing to do, take my advice maybe a little at a time but get started. Remember, all great empires fall but the citizens never see it coming and neither will most Americans. Empires fall along with their currency and standard of living.
Wake up and prepare. I've warned you and now the rest is up to you.
Ron Holland
Ron previously was president of a Swiss owned investment firm licensed in 47 states and he developed with Pioneer Funds the first Swiss franc denominated variable annuity portfolio for an American variable annuity. He also developed the first precious metals IRA account, the first Swiss franc IRA account and he called the 2001 Market Crash in "Get Ready for the Greenspan Crash" published in World Net Daily back in 1999. See http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=16919 He believes the current credit and dollar crisis will make the dot.com bubble seem like a minor blip on the economic scene. Ron will be moderating a number of panels at FreedomFest 2008 www.freedomfest.com scheduled for July 10 - 12th in Las Vegas.This article can also be found on the following URL at http://www.ronaldholland.com/deathofthedollar.htm
Ron Holland lives at Wolf Laurel Resort in the NC mountains near Asheville & he is a real estate agent with Wolf's Crossing Realty. In addition, he writes articles and edits financial newsletters and economic reports designed to help Americans preserve their wealth and financial freedoms. He is the author of the online book: The Swiss Preserve Solution