From the Publisher's Desk
July 2009
"A dollar is not worth as much as you think it is. Your honesty is worth much more."
- T. Boone Pickens
Is this where the USD is headed?
Warren Buffet says "The U.S. Economy Is In "Shambles" .. No Signs of
Recovery Yet! [See http://www.cnbc.com/id/31526130 for the full
article.]
As we know little about the US economy from a personal perspective,
we'll defer to Mr. Buffet's opinion for that purpose. However during
our recent sojourn to a half dozen countries, we can report that
hotels, business's and tourist spots reported business is down a
staggering 80%! Ouch!!!
We can verify that. We booked and stayed at 4 and 5 star hotels for
as little as US$30 (not more than US$47.50) per night including
breakfast. Bargains are abound and if you have the resources, now is
an excellent time to visit that far away place you've been thinking
of. Airfares are equally offered at giveaway prices!
More important these travel and hotel bargains allow you the
opportunity to visit a safe haven in the event Harry Schultz's
prediction of a pending "bank holiday" in late August or early
September comes true. [See "Scary Stuff - Bankster 'Holiday' Planned
for September?" in our July PTBuzz newsletter.]
Harry Schultz has been predicting $4,000 per ounce gold for years now,
but that's not to say his recent bank holiday prediction won't come
true.
Personally we don't believe a US bank holiday will occur this August
or September. But it is clear that the long term trend for the USD is
dismal to say the least, bound to continue its slow decline and loss
of value. In a little less than five years, the USD has loss more
than 40% of its value!
With that said, it would behoove anyone with a majority of their
liquid assets held in USD to move your capital immediately offshore
and into another currency. The funds can be transferred legally
offshore at this time and in the event Schultz's prediction does NOT
come to fruition, you can always repatriate your capital, 100% legally
and safely. In the event Schultz's prediction does come true, well
you've saved your ass and assets!
On another note, we've noticed that more and more banks are now
requiring personal and or bankers references, even to open a simple
personal bank in a not so great locale. The better locales are and
will shortly, be demanding a heck of a lot more paperwork to cover
their arse's with their Know Your Customer (KYC) compliance
departments.
Suggest you take a good hard look at our "Red Hot Product" by clicking on the link to the left. It is the only AAA rated bank account and structure we
know of, in a top offshore locale, that does NOT require any notarized
passport copy or references, except from PT Shamrock.
Whatever you do, do something and do it now!
See you next issue
Shamrock
"The people never give up their liberties but under some delusion."
- Edmund Burke, 1784
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