Healthy Exercise

The Simplest Way to Protect Your Wealth!

Our economy and our money have reached a turning point. The only sure way to survive unscathed is to seek shelter.

When I wrote about the economic disaster, I cited the government’s own numbers to support the case we are already in a depression worse than the great one.

I don’t write that to scare you.

My single purpose is to alert you to the real conditions in which we must operate. I am quite optimistic that you’ll be able to profit in the times ahead.

When I ask family members who lived through the last depression to describe it, they said that if a person had a job, they made out fine. They also talked about how no one would ever think of accepting welfare, or get on the government “dole,” as they called it.

How times have changed.

In the last depression, there was massive deflation, so their comments about having a job make a lot of sense. If each dollar in your wages earned buys more than the last pay period, even if you are not making quite as much, you will sustain.

The savers were rewarded.

The opposite is true when it comes to rising prices. As long as your income increases at the same pace as inflation, the pain is minimal.

Today is different.

It is critical for you to understand this. Our current depression has higher prices and lower wages — a double whammy, coupled with unemployment at 28%. (Again, link here.)

We’ve argued that we may see deflation, followed by inflation (or even hyperinflation) as a result of our government’s incessant meddling in the market.

Again, everything points to a remarkable implosion of the U.S. economy. But we’re not alone. The EU looks determined to sink itself.

I was speaking with a seasoned debt trader today and his comment was, “It looks like two sinking ships and the captains are arguing over what to serve on the buffet.”

He’s right. Our leaders are more worried about re-election than the destruction of their nations. It borders on treason.

Now I recognize that nothing I’ve said sounds optimistic.

However, I know from experience (professional and personal) that from every disaster, some opportunity of equal significance, and most times greater, will present itself.

We need only look for it.

I’ll ask you to trust me on this; if you’ve not experienced it yourself, it seems very Pollyanna-ish, but it’s true.

We’ve talked about a number of different scenarios to find the profit in disaster situations, and now we’ll examine one of the simplest strategies you can implement to protect your wealth.

We’ve talked about it before, but this is important enough that it bears repeating. It not only can help you sidestep our currency devaluation, but can help make you a tidy sum.

EverBank (with which Taipan has a relationship — the legal team makes me say that) is an FDIC-insured U.S. bank. It is one of the very few U.S. banks that allow you to hold your savings account in currencies other than dollars.

More than a year ago, we recommended you open an account as an easy way to own the Chinese yuan. We knew this Communist government would bow to U.S. pressure and allow their currency to appreciate, which it did within weeks of our recommendation. We also noted that it’s pegged to the U.S. dollar, and that any gain would be reflected in our holdings.

We were right on both and scored a two-for-one return.

For the ultra-conservative, I strongly suggest, again, opening an account with EverBank. I’ve had an account there longer than I’ve been writing for Taipan and can attest to the ease of use and excellent customer service (legal doesn’t make me say that).

This is a savings account, nothing more, and nothing less. However, it has the added advantage of being able to switch to a different currency with a phone call.

In these precarious times, having that flexiblity to move from one currency to the next could make all the difference in the world. It costs almost nothing and if the dollar really begins to unravel, you have an option that most will not.

I have Swiss franc in my account (not enough). It wasn’t because six years ago I was planning for the fall of our dollar or the franc’s recent rise or because Michael Sankowski’s followers have been making money hand over fist thanks to the Swiss franc.

It was because the Swiss have had their economic act together for a century. The appreciation was nothing more than dumb luck.

In the first few years I owned the currency, its value moved in a very tight trading range. There was nothing of major significance, but it held its value and that was its purpose. Of course this has all changed and we’ve seen a major increase in its value.

Again, this was luck. But, as they say, luck favors the prepared.

Are you in the least bit prepared for the continued destruction of the dollar by QE3?

For the not-so risk-averse, there are a great many exchange-traded funds (ETFs). These tools trade like equities, and attempt to move in tandem with the currency markets.

There are some added expenses with them, and during the last market meltdown, we saw some blow up. However, for those who are looking for ease of use, and equity-like action, these may be the perfect solution.

I like ETFs, but found that I buy and sell them as if I were trading the currency market. In other words, I was in and out of them several times over a few days. At the end of the day, commissions (even discounted) ate into my profits.

When examining my results, I found that I would have been better off trading my own currency account than using the ETFs. I discovered had I followed the same strategies, and because of the leverage allowed in the Forex markets, my small returns would have been greatly magnified.

Last year I closed my account that allowed me to trade currencies. I thought I had enough exposure with an EverBank account, ETFs and an offshore account.

However, I believe it may be time to position myself back into Forex. It’s easy to see that there is a strong possibility of major moves in the dollar and euro.

I am, again, preparing to be very lucky.

Written by Joseph Brennan for Taipan Publishing Group. Additional valuable content can be syndicated via our News RSS feed. Republish without charge. Required: Author attribution, links back to original content or www.taipanpublishinggroup.com.

Lodge Max Temp Handle Mitt, Black $3.80 Protect your hands from hot pot handles with this slip-on handle mitt. From Lodge, maker of rugged cast-iron cookware, the mitt features heavy-duty Pyrotex fabric on the exterior, along with a scorch-proof coating. Inside, a thick terry lining feels comfortable against the skin, and thick cotton batting between the two layers adds further heat and steam protection. Heat-resistant up to 450 degrees…

John Boos Mystery Oil Butcher Block Oil $6.95 The Perfect Remedy For Your Thirsty Board Wood gets “thirsty” — it gets dry — drying can lead to cracking and deterioration — cutting boards and butcher block surfaces are no exception — protect your investment with regular applications of either Boos Board Cream or Boos Mystery Oil. Frequency of application will depend upon how often you use your board and how you clean it — for example,…

Ove’ Glove Hot Surface Handler, 1 Glove (Pack of 2) $23.00 Five-fingered flexi-grip. For left or right hand. Withstands extreme heat up to 480 degrees F. The Ove Glove is perfect for the kitchen, barbeque and handling hot surfaces around the house. The Ove Glove exterior layer is made of DuPont Nomex and Kevlar. Interior layer of soft doubleknit cotton. Machine washable. The thermal properties of The Ove Glove outer layer, which is made of Nomex and Kevla…

W $7.99 The Wu-Tang Clan have slimmed down on their lean and mean third album, both in title and in content. Clearly having learned a lesson from the ostentatious affair that was their last group effort, Wu-Tang Forever, The W weighs in at a taut 13 tracks, with little, if any, extraneous self-righteous solipsism. RZA returns to the boards for all but one track and proves that Enter the Wu-Tang (36 Chambe…

Brown Sugar [Copy Protected CD] $6.30 All products are BRAND NEW and factory sealed. Fast shipping and 100% Satisfaction Guaranteed….

Sleeping With Ghosts $9.26 Sex and drugs and rock & roll have figured prominently in Placebo’s glitterered-up, androgynous music. Sleeping with Ghosts is a little more coy than past recordings, dealing more with the torturous psychological aspects of relationships than with the exchange of body fluids. Not that there isn’t any room for fetishism. “This Picture,” for example, apparently dwells on sado-masochism and comes ove…

How to Protect yourself Against weapons by Master Tsai [VHS] $2.29 VHS of How to Protect Yourself Against Weapons by Master Tsai [VHS] Starring: Master John Tsai….

How To Speak Up, Set Limits and Say No Without Losing Your Job or Friends …

Sexual Harassment – How to Protect Yourself and Your Organization (3 TAPE VHS SET) $29.29 Teaches business organizations how to handle and prevent sexual harassment issues in the workplace. I must for any company. Presented by Career Track Publications….

Belkin Mini Surge Protector Dual USB Charger $13.30 Protect your electronic devices while traveling….

Tags: protect your heart, protect your home, protect your home reviews, protect your move, protect your nuts