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Asset Protection: Secure your wealth before the Feds take it

Posted February 29, 2008

“With the U.S. currency continuing to depreciate, gold climbing each day and consumer debt climbing into the billions… something will have to give. And it might be you.” — Erika Nolan

by Erika Nolan

Baltimore – (TFN): With the dollar reaching an all-time low versus the euro this week (€1.51 to US$1) and oil and gold continuing to reach new highs, the U.S. economy continues its freefall.

Bernanke gave his Semi-Annual Monetary Policy Report to Congress on Wednesday and his report was grim. The unemployment rate is up, the growth of real GDP has slowed sharply since late 2008, and they are keeping their eyes on consumer price inflation.

With the next Federal Reserve meeting only days away, it’s a safe bet that rates will be cut once again.

For those of us with the vision to put the pieces together, there is growing concern that all these economic indicators are clearly pointing in a bad direction. With the U.S. currency continuing to depreciate, gold climbing each day and consumer debt climbing into the billions… something will have to give. And it might be you.

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Asset Protection: Your wealth will be legally stolen

Consider this: If you desperately needed US$50 to buy food for your family and you had no way of earning it yourself, what would you do? You could:

A) Head to the nearest Quickie Mart and attempt to steal the food, knowing you could be caught and jailed

B) Beg for money from neighbors who are down on their luck too

C) Go to a wealthy section of your city and attempt to pickpocket one of the affluent business people on their way back from lunch

While not one of these options is ideal, only the affluent business person is guaranteed to have something worth US$50, be it a watch, a wallet, etc. Desperate times call for drastic solutions. Read on to learn more.

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