G&G Associates
e-Newsletter
Peace Out - Ben Bernanke
Hotep G&G Readers,
This week, we lost a great friend – Ben Bernanke. No other Federal Reserve chairman in history did so much to improve the fortunes of this newsletter or its subscribers.
What could have inspired more Americans to turn to a
hard-money, alternative source of financial insight, than a Fed chairman
dedicated to destroying the purchasing power and savings of his fellow
citizens? And who, besides that priceless naïf with his printing
press, could have done more to provide easier, safer, and more obvious
ways of increasing my personal wealth?
Bernanke permitted and encouraged the largest housing
bubble in history. In his first major policy speech after joining the Federal Reserve Board of Governors in 2002, Bernanke spelled out that an enormous inflation was on the horizon, as it was the only sensible solution to our country's massive debt load.
-------------------------------------------------------------
Internal Sponsorship:
Internal Sponsorship:
Want to Know How You Can Benefit from Ben's Exit?
If you get paid in dollars and hold the majority of your assets in U.S. stocks or bonds, your wealth is in significant danger (401K’s, TSPs, 403Bs, Mutual funds, etc).
To become a member of the G&G Investment Society (GGIS) newsletter subscription to learn how to take advantage of some of our suggestions so you can protect your wealth and portfolio against a fallen dollar, send an e-mail to GGIS@gngassoc.com and/or visit our website at www.gngassociates.net and click on the “Products & Services” link and we’ll get you signed up right away.
DON'T WAIT ANOTHER DAY!
- 1 year subscription - $149
- 2 year subscription - $269
- Lifetime subscription - $699 {50% off tax prep & 25% off consulting services for life}
*** Membership Guarantee *** If you don't make your money back from being a GGIS member by the end of your subscription...we'll refund 100% of your subscription fee back. That's how confident we are that this will be one of the best financial moves of your life.
-------------------------------------------------------------
Bernanke's
speeches allowed anyone with ears and gray matter between them to
lever up into hard assets, like gold, silver, oil, and farmland –
trades that have been unbelievably profitable.
And for the very, very rich... Bernanke did even more. Bernanke dropped real interest rates well into negative
territory. That allowed the world's wealthiest capitalists – like
renowned investor Warren Buffett and Stephen Schwartzman, head of the
private-equity firm Blackstone Group – access to unprecedented amounts
of capital at rates of interest that literally paid them to borrow.
They did the only logical thing ... they responded with a
wave of leveraged buyouts that dwarfed every other private-capital
cycle in history. Immediately following Bernanke's ascension to the Fed
chairman's seat in February 2006, U.S. private-equity firms bought out
654 U.S. companies, spending $375 billion (of mostly borrowed money)
in just over a year. To give you some idea of the scale of this
Bernanke-led boom, this series of deals involved 18 times more money
than all of the private-equity deals done in 2003. This was a massive aggregation of wealth. Almost none of these deals would have been possible without Ben Bernanke's policies.
And he was as good as his word. When the debt bubble
finally burst, Ben did exactly as he promised he would. He matched the
Treasury's deficit spending with newly created money and bought more
than $3 trillion worth of Treasury bonds and mortgage bonds.
At the end, Ben's policies had grown so completely out of control, it was possible for Brazilian entrepreneurs
to borrow immense sums at such low rates that they began buying out
iconic American brands, literally our country's greatest businesses –
like Budweiser and later Heinz. The Chinese, powered by the same wave
of Bernanke dollars, opted to begin buying out our oilfields. Soon, I
believe, they will begin buying private homes.
Yes, for rich people all around the world, Ben has been
a living saint. None of them ever thought they'd be quite so rich ... or end up owning all
of those incredible assets.
That's why on their private jets, they say a private prayer to good old Ben. It probably goes a little something like this ...
Dear Ben,
thank you so much for providing us with nearly limitless risk-free ways
of growing our capital. Please, never for a minute doubt your ability to
"help the economy" by printing more money, thereby making us so, so
much wealthier. Never consider whether or not it's fair or proper for
the government to impoverish millions so that the very privileged few
can gain so generously. And never worry that what you've done will
someday lead to a massive inflation and a collapse of the whole paper
money system. While gas prices are making it more expensive to fly this
jet, we understand the need to do our part. You can count on us, Amen.
Meanwhile,
the people whom Ben fleeced – the workers, the savers, the few
Americans left with simple industry and thrift, the kind of folks who
would never have believed the government would actively try to hurt
them – have been wiped out. They've seen the real value of their wages,
savings, and standard of living decline by huge amounts.
I doubt the validity of the U.S. government's various
measures of inflation. They've been "adjusted" so many times over the
years that they're nearly meaningless. But consider the following
graphic of indicators, which are real and "unadjusted." They show in
simple, stark terms exactly what Bernanke did to our economy.
It's clear ... as the number of dollars
increased, each one bought less and less.
As
head of the Federal Reserve, Bernanke's primary regulatory duty was to
police the large banks and to protect their depositors. I think the
near total destruction in equity value of what was the largest U.S.
bank when he took over at the Fed speaks volumes about how well
Bernanke did his job.
Bernanke
gutted the dollar. He gutted the middle class. He gutted the savings
of millions. And he greatly impoverished this country.
And yet ... despite it all ... Ben Bernanke is still being proclaimed a hero of the Republic.
"When faced with potential global economic meltdown, he
has displayed tremendous courage and creativity," said Barack Obama at
a White House news conference several weeks ago. "He took bold action that
was needed to avert another Depression."
The USA Today newspaper added "Bernanke, a shy
and self-effacing former Princeton professor, boldly led the U.S.
economy through the worst financial crisis since the Great Depression."
And because there's nothing genuinely good to say about
the guy, as is typical with worthless government officials leaving the
scene ... those on Ben's coat tail quickly spill over into maudlin absurdity:
"Guiding the economy was like brain surgery, and you needed an expert
to do it," claimed Michael Gertler, a New York University professor of
economics.
We know what to expect from the Federal Reserve. Its
policies will continue to support and promote the incredible waste within this country's government. These policies will, in the end, cause
unbelievable harm to millions of Americans. They will devastate the
average standard of living in this country and leave a great many people
in abject poverty.
I can only warn you about what is happening and what it really means.
In our GGIS Portfolio, we have several new investment
recommendations. But, in order to take advantage of these investments, you must sign up and become a paid GGIS subscriber.
G&G Associates
is on Twitter
Join “G&G Associates” on Twitter. If you have a smart phone or online twitter account you can sign up to receive tweets from us. This will keep you in the know with current market moving updates, let you know when we have changes to our website, inform you of recent newsletter postings, and it will also be a good medium for improving your tax & financial IQ.
You can find us on Twitter by searching for the handle "GG_Associates."
As always…feel free to pass this information on to anyone you think is interested in increasing their tax & financial IQ.
If you need a one-on-one consultation to learn how to implement these investments or any other tax or financial strategy mentioned in these newsletters, feel free to contact my office to setup an appointment.
Good Investing!
Ankh Uja Snb (Life, Health & Strength)
Asar Maa Ra Gray
Tax & Financial Consultant, RFC
G&G Associates
757-271-6068 office
866-361-3872 toll free fax
www.gngassociates.net
Become a Fan of G&G Associates and G&G Travel on Facebook & Twitter.
“Investing is much like gambling. But, the difference is that with knowledge in investing you can at least increase your odds of winning.”
J. Carter
P.S. If you are looking to Travel and looking for steep discounted travel, visit www.gngassociates.net, click on the “G&G Travel” link and let your travel planning begin. Let us know where you want to go and we’ll do our best to find you the best deal your money can buy. Become a Fan of G&G Travel on facebook.
LEGAL NOTICE: This work is based on what I’ve learned as a financial researcher and analyst based SEC filings, current events, interviews, corporate press releases and what I've learned as a financial consultant. It may contain errors and you should not base investment decisions solely on what you read here. It’s your money and your responsibility. Nothing herein should be considered personalized investment advice.
Here's wjere you can send Speaker Boehner a message to stand firm
Dan Calabrese:
Robert Laurie:
