Finally a Presidential Candidate Points the Finger at Money-Printing

It took nearly 2 years of constant campaigning, but finally one of the men set to be President in 2013 said the words we’ve been waiting to hear.


EVG Research Team here, and we’ve been watching Mitt Romney and Barack Obama closely to see if either has a clue about the coming crisis. Or if they do, the courage to speak about it.


But so far, not one has mentioned the $1.5 trillion dollars waiting on hold at the Federal Banks, just waiting for the right moment to flood the economy with inflation.


Not one has suggested lowering the debt; not even with an empty campaign promise. They only promise to lower the deficit, in other words, the speed at which we grow more debt.


Not one has mentioned how we’ll manage to pay the interest on $16.2 trillion in debt when interest rates rise.

Inflation, runaway debt and sky-high interest rates will threaten hopes of retirement for a generation. 

The Elevation Group has a plan: Click here to discover our solution.


It seems the only option America will soon have is to honestly default on our debts and restructure them... or continue to manipulate our currency by printing more money to pay our debt.


We’d like to know which option the candidates would prefer, but for so long they were silent on money-printing and currency manipulation.



And Then it Finally Happened...


Someone mentioned currency manipulation. It was Mitt Romney, and he said...


China has been a currency manipulator for years and years and years. And the president has a regular opportunity to label them as a currency manipulator, but refuses to do so.


On day one, I will label China a currency manipulator, which will allow me as president to be able to put in place, if necessary, tariffs where I believe that they are taking unfair advantage of our manufacturers.


Wait. Someone finally mentions currency manipulation and we point the finger at China?


Wow. Let’s take a look...


Mitt Romney is suggesting China is a currency manipulator. Their crime is printing money to intentionally devalue the Yuan. In theory, this will make their exports cheaper and attractive to nations like the United States.

And that’s true. They did this for decades. BUT, this mostly stopped in 2005 when China depegged their currency from the dollar. Since then, the Yuan has been steadily growing in value.

In fact, in the last 7 years the Yuan has gone up in value 23% in dollars.


And on the EXACT DAY that Mitt Romney said these words, the Yuan set an opening record high versus the dollar.


So we have Mitt trying to protect us from China weakening the Yuan (when it’s actually getting stronger). And yet...


Who’s Going To Defend Us
Against the Weakening Dollar?


And why isn’t either candidate standing up against the currency manipulation of the Federal Reserve?


Since China has depegged their currency from the dollar, our Federal Reserve has had the printing-machines cranking at full gear... TRIPLING the base money-supply in just a few years.


And it was AFTER this happened that Mitt Romney said, “I think (Ben Bernanke) is doing as good a job as he thinks he can do.” And, “But look, I’m not going to spend my time going after Ben Bernanke. I’m not going to take my time and focus on the Federal Reserve.”


Yes, we can tell, Governor Romney.

How About The Other Guy?

And neither is President Obama, who reappointed Ben Bernanke even after all the money-printing skyrocketed.


To us at The Elevation Group, this is a clear sign that we should...



Find a Lifeboat, and Get In


That $1.5 trillion dollars is anxiously waiting to flood the markets, and the dam could break at any time. When it does, through “Fractional Reserve Banking” that $1.5 trillion could turn into $10-$15 trillion in no time.


That’ll send inflation through the roof and interest rates to the moon.


The only way to survive rising rates and prices is to find a lifeboat and jump in.


At The Elevation Group, we like to see ourselves as that lifeboat.


Our founder, Mike Dillard, watched his friends and family lose dearly in the 2008 financial crisis. And since then, he’s been circling the globe in search of contrarian financial experts to teach him and his family how to invest in these strange times.


And it’s worked. In the last 4 years of implementing these “black box” investment strategies of the ultra-rich... Mike has earned an average 77% annual return.


If you’d like to find out more about these “black box” strategies... AND how to climb into The Elevation Group’s lifeboat before the crisis really hits, then go here now: 

Click Here To Watch The Free EVG Presentation

The Legal Lie Banks Tell You

Is Your Money Really Safe?

Did you know each time you deposit money into a bank, they’re legally allowed to...

* look you in the eye and lie, with a wink and a smile
* sell you a line of bull about how your money is kept safe in the vault
* and give you a kick in the rear on the way out?

EVG Research Team here, and we might be kidding about the last one.

At The Elevation Group, we fancy ourselves as adventure-seeking truth-tellers. That means we’ll go places others won’t dare to uncover lies, distortions and old-ways of investing that just don’t work anymore.

And this lie could be the biggest one of all.

It’s not a new lie. It’s been legal since 1913 in the United States. And it’s legal in most other countries, too.

Yet people don’t know about it because politicians only talk about it using big words in wonkish, boring speeches.

But when it’s brought down to the human-level - and you realize it’s your money they’re lying about - you just can’t look away from...

The Legal Lie Banks Tell You

The money you deposit in a bank, isn’t in their vault. It’s not in a vault across town. It’s not in a vault at your bank’s headquarters either.

It’s not in a vault at all. In fact, outside of a computer, your money doesn’t even exist.

It sounds weird, but that’s how most banking systems in the world are set up today.

It’s called Fractional Reserve Banking and it works like this...

When a person deposits say, $1,000, into a bank, that person believes their money is still there. After all, their account balance still says $1,000.

But the truth is, the banks are lying to you.

They are legally allowed to loan out 90% or more of your deposits to other customers and STILL tell you that your $1,000 is in the bank.

And the Federal Reserve, who regulates the banks, not only says it’s “OK” for the banks to tell you this lie... they’re the ones who made it possible.

They set a number called the “Reserve Ratio.” And if it’s set at 10%, then banks can reloan 90% of your money without telling you.

And This is the Real Scary Part...

Of that $1,000 you deposited, we know the bank can lend 90% of that to other customers. That’s $900.

So say a person borrows that $900 from your bank to buy a motorcycle. The borrower leaves the bank with $900 cash and gives it to the bike owner.

The former bike owner, happy to be rid of his bike, then goes and redeposits that $900 cash in the very same bank.

Now two people have deposits - one for $1,000 and one for $900 totaling $1,900 - that came from the same exact $1,000 cash deposit. The extra $900 was “BORROWED into EXISTENCE.”

This process...

 

Created the Housing Bubble and Global Financial Crisis

When money is created so easily out of thin-air, it leads to bubbles in asset classes.

Since the United States completely left the gold standard in 1971, we’ve had one bubble after another. There was the early ‘80’s gold bubble, the stock bubble of the 90’s, and just recently the housing bubble.

The current global financial crisis is in large part due to all the money that was “borrowed into existence” to buy homes at inflated prices.

But when the housing bubble popped, it set off a massive deflationary event.

People who were no longer able to make their house payments walked away from their mortgages.

And because we have a monetary system where money is “borrowed” into existence, when a borrower refuses or can’t repay the debt, the money simply VANISHES from the system.

It’s called a currency contraction, and that is deflation.

At this point, there are only...

2 Possible End Games-— and Both End Badly...

In response to the deflation from the housing crisis, the Federal Reserve quickly started “printing” more money to try and replace all the money that was vanishing.


They literally doubled the money supply in just a few weeks following the 2008 panic. And since then, the money has tripled pre-meltdown levels.


But unfortunately for the Fed and all its victims, the problem seems to be too big this time.


The money-printing isn’t working. And If they keep up the pace, we’ll see massive inflation... or even hyperinflation.


Or the Fed may recognize the problem is too great and try something more honest than money-printing. They may decide to default on our debts the honest way, by telling our creditors we can’t pay and restructuring the debt.


This would cause massive deflation as all the money borrowed into existence vanishes.


So those are the two endgames, massive inflation or massive deflation. Both of which will make the current global recession look like a walk in the park.

And it All Could Have Been Avoided

...had we just stuck with the gold standard. Instead we drifted away starting in 1913 with the creation of the Federal Reserve Bank. And we completely severed the dollar’s ties to gold in 1971.


A dollar backed by gold means money can’t be borrowed into existence to cause a global financial crisis. And it’s actually written into the US constitution that states are not allowed to use anything but gold and silver as legal tender.


We’re happy to see a major US political party announce that their party platform will call for a gold commission to study the gold standard.


To find out more about fractional reserve banking and what it’s done to our economy, jump back into the first strategy session with Michael Maloney:


How to Profit From the Greatest Wealth Transfer in History

Do You Have Enough Gold & Silver to Ride Out the Economic Crisis in Comfort?

With the fed promising to print more money until INFINITY, the window to buy gold and silver before prices skyrocket is quickly closing.


EVG Research Team here, and a fantastic question we often stumble upon is this:

“How much gold or silver do you need to ride out the economic crisis?”



Great question, and we’ll break it down for you below.

But first, know this.

The Elevation Group strategy isn’t just to “survive” the next economic collapse. And however much gold and silver you’ll need to ride out the financial storm is just the bare minimum you should buy.


The real EVG “black box” strategy is to collect your lion’s share of the wealth transfer that’s about to occur.


Let me explain...


Whenever an economic collapse occurs, real wealth doesn’t disappear, it just changes hands. That’s why more millionaires were created during the Great Depression than at any other time before in American history.


Purchasing gold and silver the right way... and then maybe the most important part, knowing when to sell at the right time... is how we at The Elevation Group plan to capture enormous amounts of wealth as it changes hands.


BUT... it’s also important to factor in how much gold and silver you’ll need just to keep up your way of life and pay your bills.


There’s an easy way to do that, but you have to understand...

The Gold & Silver Pricing Mystery

In a US Presidential debate last year, Rep. Ron Paul famously pointed out that you can still buy a gallon of gasoline for a dime...


...a SILVER dime, which all dimes were prior to 1965.


Paul told the astonished crowd that a silver dime and one gallon of gasoline were both worth roughly $3.50... and he was right!


As the price of gas, food, and other goods and services go up overtime, they do so only in terms of dollars. Priced in gold, they stay relatively the same.


And that’s been true for thousands of years.


For example, gold has long been tracked to the price of a man’s suit. This was true when the Romans ruled all, when Beethoven wrote symphonies, and when Jefferson penned the Declaration of Independence...


...an ounce of gold always seemed to hover around the price of a decent man’s suit.


Knowing this, a good rule of thumb to make sure you have enough gold and silver for a crisis is to...

Count Up Your Bills Priced In Gold

1) Get out those receipts and count up how much you spend each month on groceries, gas, rent, cable/internet, cell phones, utilities, entertainment, etc. Then multiply this number by 12 to get an annual figure.


2) Also factor in how much you spend per year on clothes, sports and other expenses that might be seasonal. No need to multiply it, just add this to the previous number.


3) Then add in an extra $500-$1000 for unexpected expenses.


One bill you do NOT have to factor in is your mortgage payment, if you have one. Unlike rent that can be bumped up every 6-12 months when your lease is done, your mortgage payment stays the same.


Same with a car payment. And that means when inflation drives up the cost of everything else, including gold, these expenses actually shrink in terms of gold.


OK, after following those 3 steps you should have your annual expenses totaled up.


Time to think about taxes...


Gold is considered a collectible for tax purposes, so when sold it can be taxed at up to 28%. (And actually, it can be taxed for more, but you can find out all those nitty-gritty details inside your member's area.)


4) So go ahead and multiply your annual expenses by 1.28, meaning 128%, just to be sure.


Got it?


5) Now divide that total by the current gold price: $1,776.


6) This new number is roughly how many ounces of gold you’ll need PER YEAR to get through the crisis without changing your standard of living. The next step is to...


7) Determine how many years the crisis will last, and multiply your current total by that. This will tell you how many ounces of gold you’ll need to ride out the crisis.


It’s impossible to know for sure how many years the crisis will continue. But during the infamous crisis of Germany’s Weimar Republic, high inflation lasted for 4 years - and that’s not a bad guide to use.


After you complete these steps, you should know how much more gold you need to buy to get prepared.

But Don’t Forget to Collect Your Share of the Wealth Transfer

Because again - at The Elevation Group, we’re not settling for “keeping our standard of living” during the crisis.


Instead, we’re using our knowledge of the looming crisis to position ourselves to collect the lion’s share of the wealth transfer.


With infinite money-printing on the horizon, there’s little time to lose. If you haven’t already, check out these strategy sessions on buying gold and silver now:


Everything You Need to Know About Buying Gold & Silver





This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at:http://theelevationgroup.com/

12 More Signs Gold Is Ready For Take Off!

Gold has risen in price every year for 10 years straight. Yet in 2012, gold seemed to take a needed breather.

EVG Research Team here, and the breather looks to be over. Gold looks primed and ready to continue it’s historic climb upwards.

 

 

3 Kinds of Telltale Signs

When gold is getting ready to shoot higher, there are 3 telltale signs to look out for: increased demand, money-printing, and a global loss of faith in the US dollar.


And browsing the news this summer, these 3 signs seem to show up everywhere you look.


Here are just 11 we've spotted in the last 35 days.

• Former US Treasury Secretary Buying Billions Worth - John Paulson left the US Treasury to manage the world’s biggest bond-fund manager: Pacific Investment Management. And he just increased the companies gold holdings to $2.4 BILLION. (Reported Aug. 22)

• Central Banks on a Gold Buying Spree - In 2011, central banks around the world bought more gold than in any year since Richard Nixon was President. And this year, they’ll beat last year’s gold-buying record by nearly 10%. (Reported Aug. 17)

• US Dollar Running on Fumes - The dollar is falling in value fast. It’s at a 4-month low vs. the EURO - despite Europe’s current financial crisis. If it keeps up we’ll see $2,000+ gold in no time. (Reported Sept. 12)

• Hong Kong’s Shipments of Gold to China have DOUBLED! China hasn’t told the world how much gold it has since 2009, but sometimes Hong Kong can give you a clue. Their July reports showed gold exports to China DOUBLED from July of last year. (Reported Sept. 9)

• China’s Sneaky Gold Moves - Rather than buying existing gold off the market, China’s making bids for gold mining companies around the globe: in Brazil, Africa, Australia and more. So instead of buying gold, they can just mine and keep it. (Reported Aug. 17)

• European demand rising! The German Constitutional Court just ruled that the European Central Bank can keep printing money, pushing Europeans to buy more gold to protect against inflation. (Reported Sept. 12)

• India Begging Citizens to Stop Buying Gold - Gold is a big part of the Indian culture, and their demand for the metal keeps prices high. So now their central bank is practically begging citizens to stop buying gold. They warn it’s an awful investment because it’ll likely just be given away at a wedding anyway! (Reported Sept. 7)

• George Soros Doubling His Stake in Gold - He’s the infamous investor who first saw the English pound was weak... and then almost single-handedly brought the currency to its knees with a $10 billion short, making himself a cool billion in profit. Now he sees the future of gold, and he just doubled his fund’s stake in SPDR Gold Shares. (Reported Aug. 22)

• US Republicans Want to Return to a Gold Standard - The US Republican party platform was updated in August - and a commission to study a return to the gold standard was added. If enacted, a gold standard will make the price of gold SOAR. (Reported Aug. 24)

• World’s Largest Mutual Fund Agrees. The Total Return Fund, managed by Bill Gross, is buying gold now, and has been all of 2012. It’s the world’s largest mutual fund, and they expect gold to rise quickly. (Reported Sept. 4)

• World Gold Council Predicts A Move to Gold... and away from the US Dollar. Since the 2008 crisis, the US dollar has been the safe harbor to store wealth. But the World Gold Council now predicts the game is over - and gold will be the world’s currency hedge. (Reported Aug. 16)

And the NUMBER ONE Reason Is...

The Fed just announced a new round of “money-printing,” known as “QE3.”


It is, of course, the third time the Fed has tried “quantitative easing” - or money-printing - to fix the economy. And each time gold has jumped significantly higher.


But this time it’s even MORE BULLISH for gold.


When QE1 and QE2 were announced, the Fed let it be known upfront how much money they were willing to “print” beforehand.


This time, QE3 has no such limit. The Fed announced it’ll continue to add $85 billion per month - or $1 TRILLION per year - to the economy.


That’s when the M2 Money Supply shows there’s currently only $10 trillion in the economy. So the fed just promised us a 10% increase in the M2 Money Supply per year...


...otherwise read, a PROMISED 10% INFLATION per year.

That means if you keep your money in a bank account, you’re essentially LOSING 10% per year.

The best alternative is to buy gold & silver - two historical investments people flock to in times of a currency crisis.


In fact, in the hour following Ben Bernanke’s announcement of QE3, gold jumped by over $30! Overall, gold is up 10% since rumors of the Fed’s actions started swirling.


To find out more about buying gold and silver, jump back into this exclusive strategy session with Mike Maloney:

Everything You Need to Know About Buying Gold & Silver

And just as a friendly word of advice, this time it’s different. Not only did Ben Bernanke promise unlimited new money-printing to fix the economy, he also promised to keep going even after “things get better”:

“...a highly accommodative stance of monetary policy will remain appropriate for a considerable time after the economic recovery strengthens” ~ Ben Bernanke September 13, 2012

The time is NOW to protect yourself from Bernanke’s inflation and ride the gold boom upward.




This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at:http://theelevationgroup.com/