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Multiply Your Profits Five Times Over... Even As Alan Greenspan
Destroys The Dollar!
Dear Daily Reckoning Reader,
I hope you can swim...
Because our friend Alan Greenspan is trying to save the world
again -- by flooding it with cash! The Fed dumped $20 billion of
paper currency into circulation last year... cranking the total
up to $540 billion... or twice the amount circulating at the
start of the 1990s. That's not all...
M3 -- the broadest measure of the money supply -- has
skyrocketed a trillion dollars in just the last two years...
The total "money of zero maturity" (MZM) -- the coupon pass
system the Fed uses to lend money to banks -- is climbing in
excess of 20%...
And all this after Alan slashed interest rates a record 11 times
in 2001!
Yep. The printing presses at the Fed are burning red hot. And
credit is looser than ever. What's it matter to Peoria?
I Can Help You Make 500% Profits or Better, Even As Most
Investors Drown!
What the Fed wants is to keep the stock market afloat. What
they want to do is keep America from sliding into recession.
What they'll get, however, is a disaster. Get ready.
Because millions of dollars are going to evaporate on Wall
Street. Piles of retirement savings will plunge in value. And
America's paper currency -- right now at the peak of its power
-- will go down in flames!
But that's only half the reason I'm writing you today. See,
there's a way to play this crisis to a huge advantage...
Not only can you hedge yourself against the risk of a plummeting
dollar... you could pile up a hefty fortune too!
Already my readers and I are cashing in. You could be, too. In
fact, we just hauled in a 668% return on Metallica Resources.
We're going to make more. A lot more. Let me explain...
This Could Be One Of The Most Shocking Moneymaking Opportunities
In Decades
Around the world, everybody loves greenbacks. Last year was one
of the worst for news in recent history -- with political crisis
between the U.S. and China, terrorism, war, a crashing stock
market -- but the dollar held together like a champ.
It's holding up against the euro, too.
Even Russian mafioso use U.S. paper money as the basis of all
trade. The dollar is, without a doubt, today's worldwide reserve
currency.
So maybe you'll think I'm nuts to predict a stunning reversal.
Then again, maybe you won't. Before you make up your mind, take
a look at this:
- Worldwide, derivatives keep stock markets afloat. Derivatives
are just a way to bet on anything -- stock futures, interest
rates, indexes. In a rising market, they make you rich. Fast.
In a dropping market, they make you poor just as fast. If not
faster. Don't think you can handle the risk. Derivatives sunk
Enron, once America's 7th largest company.
- Derivatives sunk Long-Term Capital Management. And Barings
Bank. Not even top accountants fully understand how these things
work.
- Why care? Because some estimates put the total derivatives
market at $100 trillion worldwide! (Or almost 11 times larger
than the entire U.S. economy!)
- Can you imagine derivatives sinking a whole stock market all
at once? Or an entire country? Guess what -- they just did!
- Stupid derivative investments wiped out Orange County,
California -- one of the richest municipalities in America back
in 1995. And just weeks ago, they caused riots, chaos and
government collapse in Argentina.
What does this have to do with the value of the dollar?
Nothing yet. But it will. Because American markets and the
American economy are in much more danger than most investors
comprehend. In fact, even without derivatives, the confidence
bubble in the dollar is like a dam about to burst. But you
don't have to take my word for it. See for yourself. The facts
are piling up like sandbags:
- Merrill Lynch's chief economist says, "The unemployment rate
is headed for 6%." Since January of last year, payrolls have
fallen by 800,000.
- Standard & Poor's top economist sees companies shedding 2
million jobs... with unemployment hitting 6.5% before the end of
this year.
- According to Business Week, after Sept. 11 big corporate tech
orders have been put on indefinite hold.
- Auto analyst Stephen J. Girsky sees car sales slumping from 17
million in 2000 down to 15.2 million by the end of 2002.
- Our trade account deficit has ballooned to over $600 million.
Partly because, with the strong dollar, nobody overseas can
afford American goods anymore.
- Over the last 10 years, corporate debt exploded 88%...
household mortgages skyrocketed 82%... and the U.S. national
debt, already over $5.7 trillion, shoots up another $123 million
every single day.
With these massive imbalances crashing ashore, is it any wonder
Alan Greenspan letting loose an ocean of cash? He's only doing
what the Fed has always done in times of crisis. Why? Because
the Fed knows that when consumers have cash, they buy things.
And they get to pay off debts with devalued dollars.
The party continues. If only for a few more hours.
But anyone who survived the 1970s remembers what excess money
does to the stock market. Once inflation exceeds earnings,
investors sprint to shelter.
Do This Immediately If You Care At All About Making Or Keeping
Money In The Years Ahead...
If you're a 30-year-old trader, you're going to think I'm out of
my tree right about now. But that's okay. Most 30-year-old
traders haven't lived through a crisis like this before.
When I bought my first stock, at age 14, it was 1972. Most Wall
Street hotshots were still sucking down baby formula. Or
waiting to be born.
I suspect, though, that you've got more investing experience
than that. Like me, you've seen this taking shape before. And
you understand exactly how it can come undone. Which is why
you'll understand what I've been telling my readers: In short,
if you care at all about your money, it's time for you to get
out of mainstream stocks!
Who are the TV pundits kidding, after all.
Kmart? Close the registers and lock the doors. The sale is
over. Global Crossing? Out of business. Enron? Gone. Cisco,
Lucent? On the ropes...
This isn't time to bargain hunt. It's time to move on. Here's
what I'm telling my readers to do:
Start moving some money aggressively into natural resources --
not just oil, but gas and water. Mix in junior mining shares
and blue chips, along with bonds, mutual funds, T-bills and cash
for a cushion. And, yes... those stock-pushing brokers will
think I'm looney for this...but buy some gold.
Hold on, Chester. Hear me out. I'll show you why this could be
the most priceless investing tip you'll hear all year....
How A Self-Made Millionaire Taught Me Everything You Need To
Know...
My name is John Myers. Bill Bonner asked me to write to you
today, because this opportunity is still in the early stages.
Since the eleventh rate cut... gold has been the single best
performing asset outside of beaten down Asian markets and the
Mexican stock market.
My father was C.V. Myers, famous resource expert and self-made
millionaire. He taught me everything you need to know about
getting rich in these kinds of markets...
By the time I turned 18, I'd turned a $10,000 grubstake into
$52,000. Years later, just after I got married, I used the
profits from a single resource investment to pay for my first
house. Dad and I worked side-by-side for the next 21 years...
until he died in 1997.
Over those years, I watched as he helped investors make
millions. He taught me everything I needed to know. Exactly
the same money-compounding insights I share with readers today.
But the lesson that really sticks out for me is when Dad was
urging investors to get their money into gold in the 1970s.
His insight then was simple. It's exactly the same insight that
applies today: When too much cash chases too few goods, you'll
have to trade more dollars to get less product. When that
happens you get... surprise... wealth-devastating inflation!
In the 1970s, this is exactly what happened. Production slowed
to a standstill. War had just ended. Layoffs were rampant.
What could Washington do? Flood the economic engine with
money!
And they did. Storm clouds gathered. But the opportunity to
get rich was still as plain as day. Obviously, nobody was making
money on Wall Street. But my father and I were helping
investors make a fortune... on gold.
Everybody today acts like that was a stroke of genius. But I'll
level with you. It wasn't so hard.
In stable economies, gold and silver barely budge. In unstable
economies, real assets take off. It's that simple. And guess
what. Today we've got anything but a stable economy!
After the Sept. 11 attacks, bullion prices shot up from $270 to
above $290. War looks like it's over now. Or at least
entering a calmer phase. Gold is still cheap. But it can't
stay that way for long:
- With huge injections of cash headed our way from the Fed, the
U.S. Treasury and other central banks, longer-term gold will
benefit too.
- Even the slightest hint of inflation will send investors
fleeing to tried-and-true hedges like silver and oil... mining
stocks... even gold bullion itself. Still think I'm crazy?
Well, stick around. I'll really show you something...
- Here are the facts: Gold demand is 110 million ounces. Annual
gold production is just 80 million ounces. You can do the math
-- there's a gaping 30 million ounce deficit! Sooner or later
this deficit in gold will have to be closed.
- Can the central banks fill the gold gap? Maybe. But maybe
not. For years, they've controlled gold prices by dumping
reserves onto the open market. Now their reserves are
dwindling.
- The only way to close the gap in gold supply and demand today
-- in 2002 and beyond -- will be to either increase production
or let prices rocket higher. Gold mining isn't cheap, so the
most logical alternative is for prices to go up.
If you're still skeptical, think of it this way. Right now,
your downside in metals is limited. And the upside potential is
extremely good. Better than it's been in a long time. And you
don't just have to take my word for it...
++++++++++ Huge Piles of Profits ++++++++++
Take a look at what John Myers has helped investors do:
77% on silver
84% on Corner Bay
145% on the Swiss franc
150% on Comex calls
160% on 160 QQQ calls
227% on EOG Resources
241% on sugar
324% on platinum
357% on Ultra Petroleum
376% on crude oil
385% on gold
447% on the French franc
580% on Ace Development
668% on Ballard Power
668% on Metallica Resources
733% on Target Resources
785% on Pan American
1,009% on Enzo Biochem
1,566% on S&P put options
Take advantage of our risk-no-money subscription offer... and
get your FREE special report, "Make 500% Profits On The Great
Money Flood of 2002!" Click the below link to find out more!
++++++++++++++++++++++++++++++++++++++
Even The Japanese Are Suddenly Buying Gold!
How can I be so sure about this? For the past 30 years Americans
have paid off their debts with weaker and weaker dollars. The
rest of the world -- after borrowing trillions in U.S. loans --
had to suck up and swallow it. But guess what...
The day is coming soon when foreigners will say, "No more." In
fact, it's already begun.
The Japanese bought a ton of dollar-denominated securities all
through the 1980s. And even more in the 1990s. But suddenly,
the insiders in Japan have switched to gold.
"Customers used to buy 1 kg to 5 kgs of gold at a time," says
Yoshihiro Matsumo of Mitsubishi Materials, "But recently,
they're buying a lot more... and they want to take it home with
them instead of leaving it here."
What Do They Know That We Don't Know?
The fundamentals for higher gold prices haven't been this good
in over a generation. Interest rates are at their lowest levels
in 40 years, the U.S. Treasury is pumping up the money supply at
a rate not seen since the 1970s.
And metals are safe havens during times of uncertainty. Are
there reasons to be uncertain? Absolutely...
- War is "over" in Afghanistan, but there's still no sign of
Osama bin Laden. Palestinians attack Israelis in downtown
Jerusalem. Israeli snipers knock off leaders of Hamas. Two
nuke nations -- Pakistan and India -- threaten war. Ties
between Iraq and international terrorism remain.
- Oil prices are lower, but Saudi Arabia is in crisis too.
Their royal family is falling apart. Fundamentalists are
calling for revolution.
- Meanwhile, stocks on Wall Street are still as overpriced as
ever. The Dow and NASDAQ are both still trading near historic
highs. Meanwhile, the U.S. bond market is tanking!
- Abby Joseph Cohen, queen of Wall Street, says the stock market
is going higher. Someone please check to see what she's
slipping into her coffee. Because every single indicator is
running against her rosy predictions.
Look, I don't want to pick fights with the fat cats on Wall
Street. But there's a very simple reason why the stocks they
recommended didn't perform last year...
And why, at exactly the same time, my readers and I were able to
pile up huge gains -- quadruple our money and more -- in a few
carefully selected resource stocks this year...
The Only Profit Cycle You Can Count On In Today's Market
To @#%&! with Wall Street fantasies. All you need to know right
now is this: America's money supply is growing 3 times faster
than gold production worldwide. When more dollars are printed
than gold is mined, the relative price of gold rises.
You can count on it.
Mining is expensive, too. You have to crush 250 million ounces
of rock to get enough to meet an annual demand of 80 million
ounces. For production to start again, gold prices would have to
shoot higher than $400 an ounce. But I'm not just talking about
making money on the metal.
You can own physical gold or gold coins... gold mutual funds...
senior gold companies... junior golds.... gold options and gold
futures.... gold ADRs...
Have you ever wondered how savvy offshore traders, government
mints and hedge funds trade gold? I'll show you. It's as easy as
buying a stock or a mutual fund. Want to earn interest on your
gold? I'll show you how to do that as well.
I've just led readers to some excellent returns in gold stocks
recently. Earlier, I mentioned Metallica Resources -- they've
got mining projects in Mexico's gold-rich hills, in Brazil and
in Chile. They've got zero debt and a huge pile of cash in the
bank.
We've already locked down 668% on Metallica Resources. But we're
in place for more profits in more junior mining stocks, too.
Because that's where you get much better leverage for your
money. Think about it: A $10 an ounce gain in bullion could
easily push some of our gold stocks up 50% or higher.
That's not your only option. In my high-end service, we've just
racked up a 145% return in just four weeks... simply by making a
fast play on Swiss franc calls. Why the franc? You guessed it
-- it's backed by gold. My point is, there are all kinds of
ways you can play this...
Triple Or Quadruple Your Money During The Currency Crisis Ahead
My readers aren't just making money on metals, either.
We made a fortune during the energy run-up just a few months
back. We're making more as energy rebounds again. Then there
are stocks like Enzo Biochem, up 1,009% from 1998 to 2000...
668% on Ballard Power over the same period...
Another 376% on crude oil futures in five months... 324% on
platinum in just three months... 357% on Ultra Petroleum...
another 580% on Ace Development... 785% on Pan American...
The list goes on. My point is, in times of crisis, you have to
be aggressive if you want to protect your financial security.
But you can also triple or quadruple your money. Especially with
the kinds of companies we find. Companies with established
track records... that dominate their sector...
And that are already making money hand over fist.
Take K2 Energy. My readers found out early enough to make 145%.
There was also Range Petroleum, up 276%. And Brett Resources,
up 390%. Not to mention 227% on EOG Resources... 1,955% on
Corriente Resources... and 733% on Target Resources.
With the money tide that's headed our way... and the crushing
inflation that will follow it... I don't see how you can miss in
the months ahead!
The Crisis Of A Lifetime... But The Opportunity Of A Lifetime
Too!
I've literally spent a lifetime in this industry and I've never
seen a crisis like this one. But I've rarely seen a more sure
path to profits than this, either.
I'm convinced this is a critical moment in history.
But you can't wait until natural resources are headline news. Or
wait until a crisis hits. Already, if you'd placed $10,000 in
our Metallica Resources pick alone, you would have pocketed a
profit of $66,800.
An opportunity like that doesn't come up and bite you on the
ankles. And brokers won't pick it up for you. You simply have
to be in the right place at the right time. So here's what I'm
going to do. I'm inviting you to sign up for Outstanding
Investments' full service.
Here's how it will work:
WHAT YOU'LL GET: I'D LOVE TO SEND YOU A FREE COPY OF MY NEWEST
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2002!" This is easily a $75 value. But I've found a way for you
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year -- 12 months of issues -- absolutely risk-free. Just click
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A FREE $400 VALUE: To get full, 24-hour access to the entire
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But as a subscriber, you gain unlimited entry to the site. Jump
on and off as often as you like.
There's also my exclusive investor's hotline, too. I update it
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as many times as you like. At no extra charge.
And all this is risk-free. Absolutely guaranteed. You take no
chances because if you're not completely satisfied, you just let
me know after your first issue and my publisher will send all
your money back. No hard feelings, no questions asked, and
everything you've received is yours to keep. Doesn't that sound
fair?
I hope so. Because this isn't the kind of invitation that can
sit around waiting on a shelf. It's vital that I hear back from
you as soon as possible!
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If you're not completely satisfied that Outstanding Investments
is everything I promised, just let me know after reading your
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asked. The report is yours to keep and profit from -- my gift
to you for giving my service a try.
After that, if you decide to cancel, you'll get a full refund
for all issues remaining in your subscription. As before, all
issues and the bonus report are yours to keep.
I firmly believe this is the BEST move you can make right now...
your best insurance against Greenspan's market manipulations...
and the absolute best way for you to ride the explosion in
resources prices straight up.
As I said, as high as 4 and 5 times your money. Quite possibly
higher. I've done it before. I'm confident you and I will do
it again in the months ahead. But please -- act now. The
forces behind this sudden reversal are already in place. Click
on the link below!
Sincerely,
John Myers,
Editor, Outstanding Investments
P.S. Here's another reason you could make 4 or 5 times more
profits on the companies I'll show you in this FREE report --
There's another kind of war in the works. Not the conventional
kind. But it's going to take place between the First and Third
Worlds. See, while America was building the "information
economy," we exported our biggest industries overseas. But
guess what...
The Third World resources we used to count on aren't ours for
the taking anymore. Suddenly, the up-and-coming nations want to
keep them for themselves. World population could swell by 50%
before 2020. World energy demand could grow by 66%. Asia and
Latin America will account for half the growth in population and
energy demand. But I can't possibly get into the details in
this small space.
Do yourself a favor -- send for your FREE copy of "Make 500%
Profits On The Great Money Flood of 2002!" That will get you
started... and you'll find out everything else you need in your
issues of Outstanding Investments. I can't wait to hear from
you! Get started by simply clicking this link...
http://www.dailyreckoning.com/goldcheck.cfm
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