|
|
Taking a Page Out of FDR's Great Depression Playbook
By Eric Roseman (July 03, 2008)
It seems Vietnam just borrowed a page from the U.S. financial-history books - by suspending all gold imports in June.
This marks the first time a Southeast Asian country has ever barred gold imports during skyrocketing inflation, soaring interest rates and an overvalued currency - the Vietnamese dong.
Seventy-five years ago, Franklin Delano Roosevelt (FDR) issued Executive Order number 6102 and confiscated all gold privately held in the United States on April 5, 1933. But unlike FDR's edict, the Vietnamese can still hold or own physical gold. They just can't import any more.
This shocking development was just revealed to me by my good friend in Zurich - Swiss Asset Manager, Robert Vrijhof of WHVP. It illustrates a new trend popping up in emerging market economies to stop gold hoarding.
By restricting gold purchases, the Vietnamese Communist Authorities are trying to hold down the local skyrocketing inflation. But inflation is already heading for Weimar Germany-style double-digit or possibly, triple-digit consumer prices.
Read More...
|
|
| Beware of Falling BRICs - Wednesday, July 02, 2008Senior Editor, Mike Burnick explains why last year’s hottest emerging markets are starting to crumble. read more ...
|
|
|
|
|
| Don't Be the Next Victim in the "Lawsuit Lottery" - Tuesday, July 01, 2008Council of Experts Member, Mark Nestmann gives you six strategies to avoid the "lawsuit lottery." read more ...
|
|
|
|
|
| Gold $1,000 on the Way in 2008 - Tuesday, July 01, 2008Spot gold prices are now trading at a new all-time high. But before getting too excited, you might want to sit down and grasp the following… read more ...
|
|
|
|
|
| Think Inflation in the U.S. Is Bad? Wait Till You Hear This... - Monday, June 30, 2008Editor of World Currency Options, Jack Crooks explain why 50 countries around the world are all facing the same problem. read more ...
|
|
|
|
|
| How to Be a Billionaire on Just One U.S. Dollar... - Friday, June 27, 2008Chairman of The Sovereign Society, John Pugsley explains why in this country, any middleclass American would be a billionaire – in fact, you would be more like a quadrillionaire. read more ...
|
|
|
|
|
| What's Next? Armed Attack Units at the IRS! - Thursday, June 26, 2008Legal Counsel, Bob Bauman gives his take on the latest round of IRS attacks – and explains how you can easily avoid them altogether. read more ...
|
|
|
|
|
| Why the World's Worst Business Is Now One of the Best Buying Opportunities on the Planet - Wednesday, June 25, 2008Investment Director, Eric Roseman explains why the worse-performing industry is THE contrarian play to own in 2008. read more ...
|
|
|
|
|
| "Not So Common Sense" - Tuesday, June 24, 2008Market Analyst, David Newman introduces his own "common sense" approach to the markets that can make you real profits, as opposed to just testing some guru's theory. read more ...
|
|
|
|
|
| How Emerging Market Fuel Subsidies are Pushing Our Prices Up at the Pump. - Monday, June 23, 2008Senior Editor, Mike Burnick explains why your gas prices are going even higher - as a few governments worldwide fight to keep their costs lower. read more ...
|
|
| |
|
|
|
Our Mission
|
|
|
At The Sovereign Society, our mission is to help you achieve Total Wealth - the peace of mind that comes with knowing your financial affairs are kept private, your assets are fully (and legally) protected and that you have unfettered access to the world’s top performing investments. We've identified the safest and most private nations around the globe, where our members can find the best offshore banks, tax havens, legal structures, insurance vehicles, investment opportunities and tax management solutions.
Our Global Council of Experts - experienced lawyers, estate planners, tax consultants, investment analysts, money managers, trust providers and currency traders - all specializing in offshore finance, are at your service. Take advantage of our offshore asset protection and global investment strategies and feel the freedom of total wealth.
|
|
|
 |
|