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Multiple Jurisdiction Offshore Bank Accounts

Fed Quantitative Easing

Executive Summary – More idiocy from the Fed. They are diluting the money supply, increasing inflation and driving up the price of gold and silver. This is the second round of quantitative easing and of course the first round did not work. The second round will never work. The Federal Reserve has announced that it will be “reinvesting” an additional $250 billion to $300 billion from the proceeds of its mortgage portfolio in U.S. Treasury securities. The fed may invest or inject as much as 900 Billion by end of 2011.

Details – The fed said they would buy $75,000,000,000 of longer term Treasury bonds through 2011. This sent the dollar down to 11 month lows. Good work guys.

Gold – UBS analyst Edel Tully is looking for a 30 day peak in Gold at $1425. Gold hitting $1500 is the magic number. If it breaks this most significant threshold then we can see gold spiral up even more. Our gold mine contacts in Peru expect to see Gold hit $2000 before long. Remember you can buy Gold inside your Hong kong Bank Account. Hong Kong does not impose any capital gains tax on sales of Gold. They have anonymous corporations and bank secrecy.

Silver – Silver is up over $25 at $26. Thus the $25 threshold has been broken. Silver should easily go into the 30's in the next month. When silver breaks $50 then a most significant threshold will have been pierced.

The USD – This idiotic creation of debt to fix the economy will result in the drop of the USD value up to 20%. This may damage significantly the USD as a reserve currency. This is a painful way to end the reign of financial, political and war terror the USA has been waging on the world.

Inflation – As inflation rises people will buy tangible hard assets. The hope is that they will buy houses. The only way this is going to happen with an awful economy and many out of work people is with irresponsible bank lending. Here we go again. Be careful this will be nothing more than another housing bubble but a very short term on this time. This bubble will shortly pop. Sell real estate and rent. Gold and silver sales will rise.

Exports – The US exporters will do well with foreign sales with the low dollar. The foreigners will fight back and drop their currencies to retake the market they will lose. So here we go with a currency war. Foreign goods will drop in price but not good if you are holding dollars. If you are holding some of the better currencies then you could benefit nicely.

Interest Rates – As all of the Kenyan's idiotic practices begin to unfold the confidence in US Treasuries should drop. This will mean higher interest rates to attract buyers. This means added inflation. The higher interest rates may not be enough and then demand for US Treasuries will decline and the fed will be buying more and more of them in this idiotic cycle of madness. If allowed to continue long enough it could bring down the US economy. This will hurt but should be worth it to get rid of them once and for all. Remember the recessions are brought on by the federal reserve irresponsible practices. With a hard backed currency such events would be less likely to occur and if they did they would be very slight in degree compared to the heavy load the fed puts on the people. The fed is a harsh taskmaster.

Suggestion – Do hold gold. Do bank offshore. If the USA goes there will be bank holidays, devaluation of currency etc. They are never going to go to a gold standard, forget that one. Hong Kong Bank accounts can hold ten currencies plus gold. They have government bank insurance. We suggest holding four or five currencies so if one or drop the others will rise. The bank we use in Hong Kong allows for ten currencies. We also feel that Hong Kong government bank insurance is better than FDIC. China is stronger than the FDIC which is a private corporation liable to go bankrupt. Do not think the US government is so strong it cannot tumble. It is well on its way into oblivion.

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