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The Freedom Fight Goes On
Alettermock2
Monday, October 2, 2006
Vol. 8 No. 196
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In Today's Letter:
Comment:
The Fight for Freedom Rages On
Currencies:
Short-term Myopia
Wealth:
Bond Yields Plummet
Privacy:
Don't Forget to Bathe
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The Freedom Fight Goes On
Dear A-Letter Reader:
The old saying is that "travels broadens the mind." It also numbs your bum.
This is being written while I'm flying at 39,000 feet over the
mid-Atlantic Ocean, almost eight hours into a ten hour non-stop flight
on Swiss Air from Zurich to Miami. (Contrary to the impression some
readers have, I live in south Florida, not in Ireland where we had an
office -- and not in an electronic post box, like some virtual Penfold
of Dangermouse fame.)
As you may know, I'm just returning from 10 days on the road (and in
the air) as one of the conductors of The Sovereign Society's European
Banking Tour. Along with our executive director, Erika Nolan, our
marketing guru, Shannon Crouch, and our conference director, Elivira
Amankwa, plus 40 delightful guests, we traveled from Copenhagen, to
Vienna, to Vaduz and to Zurich, meeting with our offshore banking
partners in those cities.
I always advise folks who decide to protect their cash in an
offshore bank account that they should visit their money now and again
-- and their banker. Attendees certainly did on this journey, and I am
sure new offshore financial relationships were created that will bear
profitable returns.
Just a reminder for those thinking about "going offshore" financially - there are three good reasons: 1)
far stronger asset protection, 2)
much better privacy guaranteed by law, and, 3)
access to far more profitable investments unavailable to most U.S.
persons. And the usual first step towards these three freedoms is the
creation of an offshore bank account that can be used to achieve these
objectives.
Most of our tour participants were Americans, but we had a few folks
from other nations -- a very congenial group that enjoyed socializing
in a Royal Danish Hunting Lodge, staying in Five Star hotels, cruising
on Lake Zurich and dining in local eateries of all kinds. But with all
the enjoyment, this journey was deadly serious.
The folks I got to know on this trip are deeply concerned, as am I,
about the present state of America and its direction. They are not
pleased that they have been forced to go abroad to obtain the financial
freedom and personal liberty Americans used to enjoy at home. Many of
these good people asked me what I thought the future holds for
Americans, and truth be told, I had to admit that I am fearful of what
lies ahead.
I believe we are well beyond the point at which we can depend on
government, (if we ever could), to protect us by enforcing our
Constitution and laws in our best interests. Now we must act as
sovereign individuals, taking matters into our own hands. That's what
this European journey was all about -- and as pleasing as it was to see
old haunts and old friends again, I'm glad to be home in America. The
fight for freedom goes on right here.
That the way that it looks from here - high over the Atlantic somewhere near another tax haven: Bermuda.
BOB BAUMAN, Editor
EDITOR'S NOTE: Are you also concerned about the
direction American politics are heading? Are you ready to take your
assets to a safer location, but you're not sure where to start? The
Sovereign Society is holding a special seminar for both "offshore
beginners" and those who have some lingering questions about the
offshore world. Join us for our very first Offshore Advantage Seminar
in Puerto Vallarta, Mexico on November 8-11. But hurry - spots are
filling up fast. A-Letter Readers: Click here to learn how to reserve your spot. Sovereign Society Members: Click here.
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Confessions of One of America's Leading Currency Experts
"The same strategy that made one world-class investor $1.8 billion in a
year...and made another big-time player $1 billion in just one dayis
available now to the average investor. If only they knew how to use it
to their greatest advantage."
Legendary billionaire investment gurus have used the currency market to
line their pockets with unprecedented gains. But most average investors
have been kept on the sidelines...until now.
On October 3rd, 2006 at 4pm, I'd like to personally introduce you to
the man who can show you how to apply the gain-making strategies of the
currency market to grow your portfolio up to 60%! His name is Jack
Crooks, and he's the new Currency Director for The Sovereign Society.
In this limited access opportunity available to just a handful of our
members and A-Letter readers, Jack will reveal the many ways you can
profit in the currency markets, from currency futures to ETFs and
everything in between. Plus, he'll reveal his number one currency pick
for the coming months.
Click here
to find out more about how you can grab one of the few remaining
spots...and even how to get your questions answered in real time during
the call.
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Short-term Myopia
Jack
Crooks, The Sovereign Society's currency expert, noted Friday that
there is a widening belief the Fed will cut interest rates to forestall
a recession. Based on short-term beliefs, stocks and bonds continue to
rally, and crude oil prices continue to fall. He also pointed out that
a plausible scenario could be constructed that says no cut is needed.
There's
an important message hidden within current market strength. As we say,
"prices are set at the margin." Those speculators trying to guess the
short-term moves of the Fed or the markets are the ones who set the
current levels. Charts of past market volatility, however, show just
how wrong these short-termers can be.
But more questions need to
be answered. What forces are facing the Federal Reserve? In the longer
term, can it continue to hold the line on interest rates? Of course,
short-term speculators could care less. They're myopic. Wise investors
would do well to study to the underlying fundamentals. By the Fed's own
count, there are 43 trillion U.S. dollars counted as assets on the
balance sheets of Americans, and trillions more sitting in the official
reserves of foreign countries, all thanks to money creation by the Fed.
Too much money that might start chasing too few goods.
Don't count
on Mr. Bernanke being able to hold the line on interest rates much
longer. The monetary tea-kettle is beginning to whistle, and if the
fire underneath it stays on, it may blow.
JACK PUGSLEY, Chairman
EDITOR'S NOTE:
Only 10 spots remain for
Jack Crooks' teleconference tomorrow at 4:00 P.M. EST. Dial in to meet
the man behind our currency plays, the methods behind all his currency
picks, plus his number one currency play for fall. Click here to sign up right now!
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Correction in Oil Prices Is Just Another Buying Opportunity
After hitting a
multi-decade high earlier in August at $77 a barrel, crude oil prices
have corrected sharply to $61 a barrel recently. And it's not just
crude oil taking a bath since September; spot gasoline, heating oil and
especially natural gas prices have all plummeted over the last four
weeks. With the energy complex correcting sharply amid rising supplies
and mild weather this fall, the alternative energy sector has also
declined in sympathy. Ethanol prices tanked in September, taking all
publicly-listed companies in this sprawling industry sharply lower.
Since last May, several ethanol companies have gone public. And since
these companies' initial public offerings, ethanol-based companies have
crashed at least 25% below their offering prices. And the red-hot
oil-services and oil equipment sector, home to the best earnings story
in the energy sector since 2002, have also plummeted recently. They're
now trading 25% below their all-time highs in May.
The correction in energy prices, however, is about to end. Global
economic growth might be slowing but consumption remains buoyant
combined with OPEC's decision to cut output. Also, ahead of colder
weather in the Northern Hemisphere, prices are likely to rise over the
next few weeks. I remain extremely bullish on energy, especially the
highly profitable oil-services companies. In my eyes, every correction
in this complex should be viewed as a long-term buying opportunity as
the secular bull market this decade continues.
ERIC ROSEMAN, Investment Director
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If You Stink, Police Might Think You're a Terrorist
You've
surely experienced that moment in a public place when you catch a whiff
of someone who hasn't bathed recently. It's not a pleasant scent, and
calls to mind laws of the 19th century that required persons to bath
regularly, "whether necessary or not."
Well, here's another reason you might want to bathe before leaving
for the airport, courthouse or other public place. If you don't,
security might mistake you for a terrorist.
It turns out that body odor on clothing can give off a scent similar
to some nitrogen-based explosives. And that fact led to the evacuation
of a federal courthouse in Washington, D.C. last week for three hours
while authorities investigated a "suspicious package" that turned out
to contain a homeless person's clothes.
As a precautionary measure, U.S. marshals ordered a full security
sweep of the courthouse and shut down the part of Constitution Avenue
that runs in front of the courthouse, plus all side streets. "We're not
going to play a game of roulette or craps out here with people's
lives," U.S. Marshal George B. Walsh said.
So the next time you go out, make sure you wear your Right Guard.
And if you're taking dirty clothes to a Laundromat or dry cleaning
service, don't drop by the courthouse or other location first, where
they might be mistaken for a bomb.
MARK NESTMANN, Privacy Expert & President of The Nestmann Group
www.nestmann.com
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A Sneak Attack on Your Liberties and Freedoms
In the aftermath of the 9/11 tragedy, the PATRIOT Act became law with
great haste while cloaked in secrecy.
Bob Bauman calls it the "greatest single assault on personal and financial
privacy in U.S. history." To learn about this far-reaching privacy invasion
-- and what you can do about it -- click below.
LINK: http://www.isecureonline.com/reports/190SPATY/E190GA06/
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