By Larry D. Spears, Money Morning
Monday, February 14, 2011
2010 was the year of the commodity. Gold prices soared, copper hit record highs, oil again marched towards $100 a barrel, and many agricultural products doubled in value. Yet hardly a word was spoken about the world's most precious commodity - water.
Indeed, few people in the developed world think of water as a commodity. After all, they can usually get all they want out of the tap in their kitchen or bathroom. And even fewer think about water's price - unless, of course, they're buying a bottle at their local convenience store, where it typically cost twice as much as gasoline.
But for the rest of the world - and even some areas in the United States and other developed nations - water represents a significant problem because of supply shortages, poor quality, or inadequate distribution and disposal systems. And, thanks to a mushrooming global population, the water problem is rapidly approaching crisis proportions.
Consider the following data, compiled by the World Water Council (WWC) from a variety of sources, including the United Nations (U.N.), the World Health Organization (WHO), the Pacific Institute and others:
The world population in the past 50 years more than doubled to an estimated 6.896 billion at the end of 2010, from just over 3 billion in 1960 - with annual growth rates ranging from 2.2% in 1963 to 1.1% in 2009. At those rates, the human population will rise to 9 billion by 2025.
Annual water usage has grown almost twice as fast as the global population, averaging 2.5% to 3.0% per year - the basis for a recent estimate by The World Bank that annual water demand now doubles every 21 years. That pace is likely to increase in coming decades as development progresses in more countries, boosting water demand, and creating more pollution to threaten supplies.
Roughly 17.5% of the world's existing population - 1.15 billion people - currently lacks access to ready sources of clean drinking water. More than 2.6 billion live in areas without adequate sanitation, a major factor in reducing clean-water availability.
Although more than 70% of the world's surface is covered by water, 97.5% of that is undrinkable seawater. Most of the remaining 2.5% is inaccessible, leaving just 0.1% of global water readily available for human use and consumption.
At least 80 countries are already experiencing water shortages; the U.N. estimates 67% of the world population will be "water stressed" by 2025.
Though the U.S. is in better shape than much of the world with respect to water, areas of the desert Southwest and West Coast are also experiencing increasing difficulties. The California Department of Water Resources in early 2010 reported that drought in the state's Central Valley was so severe that farmers had to bulldoze orchards and artichoke fields for lack of water.
Similarly, Tim Barnett of the Scripps Institution of Oceanography in a 2008 report estimated there was a 50% chance that climate change and excess usage could leave Lake Mead - the major source of water for Las Vegas - "effectively dry by 2021." At that time, the lake's level stood at 1,108 feet; today it's down to 1,081 feet.
Clearly, water offers a unique opportunity for investors. But be warned: finding so-called "water pure plays" is surprisingly difficult.
The Four Elements
Indeed, there are no water futures being traded on the New York Mercantile Exchange (NYMEX). So water investments are broken into four major divisions:
Water distribution and management - This includes both water-supply companies and firms involved in the construction of water plants, pipelines and other infrastructure. This division appears destined for substantial growth in the near future. While developing countries will need new and expanded water-distribution systems, many developed nations have badly deteriorating infrastructure that will need to be repaired or replaced.
Some estimates put total investment needs in this segment at more than $800 billion over the next decade alone. A big chunk of that will come from China, which two years ago pledged $200 billion to a 10-year program of water-infrastructure construction and upgrades.
The U.S. Environmental Protection Agency (EPA) predicts the United States will need to spend $277 billion on water infrastructure by 2020 to maintain present standards. That estimate is supported by the American Society of Civil Engineers (ASCE), which says the United States will require $14 billion a year to repair and upgrade drinking-water systems, with another $19 billion annually needed for sanitation systems. Overall, the ASCE said domestic infrastructure spending needs could reach $1 trillion over the next two decades.
Advanced water treatment - This industry segment focuses on water quality more than supply, and includes companies that manage water-treatment plants as well as those that manufacture systems and equipment used in the purifying, recycling and reclaiming of water. Given the changing climate and shifting weather patterns, reclaiming of wastewater is becoming increasingly important, already accounting for nearly 400 million gallons of recycled water annually, much of it for agricultural use.
The water treatment sector also has two subdivisions - reclaiming of raw materials, such as petroleum products, from polluted water, and desalination. Desalination, the conversion of seawater into fresh, drinkable water, is a rapidly growing field, particularly in arid areas such as the Middle East, where the bulk of the roughly 8,000 existing desalination plants are located. In the United States, both Las Vegas and cities in California and Arizona are either building or considering desalination plants. Globally, it's estimated that annual production of desalinated water could reach 14.2 trillion gallons by 2020.
Demand-side efficiency - This portion of the water industry focuses primarily on managing water resources, and includes companies that manufacture "smart meters" for measuring water usage, flow valves and other distribution-control devices.
Food production - This segment includes companies that manufacture irrigation and livestock-feeding equipment, develop more drought-resistant crops and work with farmers to help them reduce their water usage and better manage land and water resources.
Liquid Investments
Given the global scope of the water problem and the number of companies focusing on the individual industry segments, there are no dominant forces in the various fields. However, there are some leaders with promising prospects. They include:
American Water Works Co., Inc.(NYSE: AWK), recent price $26.65 - AWK is a water and wastewater utility company that provides drinking water, sanitation and other water-related services to approximately 16 million people in 35 states and two Canadian provinces. About 90% of its operating revenue comes from regulated utility operations, which means its income stream is guaranteed; however, the company is limited in its ability to raise rates. It has 80 surface-water treatment plants drawing from 100 lakes, 600 groundwater treatment plants, 1,200 water wells, 50 wastewater treatment plants and about 49,000 miles of pipes and mains. It has grown substantially in recent years, mainly through acquisitions including seven in 2009 alone (six regulated utilities and one unregulated business). Earnings for 2010 won't be reported for another couple of weeks, but the estimate for the trailing 12 months is $1.50 per share. An 88-cent dividend provides a yield of 3.3%.
Northwest Pipe Co. (Nasdaq: NWPX), recent price $23.95 - This is a top choice for those who'd prefer to focus on distribution and infrastructure. Based in Vancouver, WA, with plants in several other states, NWPX makes large-diameter steel pipeline systems for use primarily in high-pressure drinking water systems, hydroelectric power plants and wastewater treatment facilities, as well as a broad range of other structural steel and pipe products marketed throughout North America. The company lost 17 cents a share in fiscal 2009 due to a recession-related drop in new construction orders, but it's projecting a profit for both the fourth quarter and full-year 2010. That could give the stock a boost when the reports come out in mid-February.
Danaher Corp. (NYSE: DHR), recent price $49.72 - DHR has four major business segments, but the focus for water investors is its Professional Instrumentation (PI) division. (The Medical Technologies, Industrial Technologies and Tools and Components sectors provide added diversification.). The PI segment supplies analytical instruments and consumable solutions that detect and measure chemical, physical and microbiological parameters in drinking water, wastewater, groundwater, oceans and ultrapure water. The company also makes ultraviolet disinfection systems and chemical-treatment solutions, as well as analytical services to address corrosion, scaling and biological growth problems in boilers, water-cooling systems and industrial wastewater facilities. It also provides environmental monitoring and leak-detection systems, vapor-recovery equipment, fuel dispensers, submersible turbine pumps and remote monitoring services. DHR's estimated earnings for 2010 are $2.35 a share and it's also fairly cash rich, with $1.64 billion ($2.50 per share) in the bank. The stock pays a modest 8-cent dividend.
Veolia Environnement S.A. (NYSE ADR: VE), recent price $31.70 - Founded in 1853, Paris-based Veolia is one of the world's largest water infrastructure companies. It also has three other divisions, one of which - Environmental Services - focuses on wastewater collection, decontamination and recycling, as well as general sewage processing, waste management and pollution clean-up. The Energy Services and Transportation divisions provide added diversification, operating bus and suburban rail lines and providing management services for airports throughout Europe. With trailing earnings of $2.10 a share, and a Price/Earnings (P/E) ratio of 14.88, the stock seems reasonably priced, and the $1.23 dividend provides a yield of 4.57%.
Energy Recovery Inc. (Nasdaq: ERII), recent price $3.63 - If desalination is the wave of the future in water production, then ERII will likely be riding the crest of that wave. The California company designs and manufactures energy-recovery devices and pumps for use in seawater and brackish water desalination projects. It markets primarily to original-equipment makers and builders of small to medium-sized desalination plants in the Middle East and elsewhere around the globe. The company lost 5 cents a share over the past 12 months, but analysts predict a break-even for 2010 and a 2011 profit of up to 10 cents a share. [Note: If you'd prefer a less-focused approach to investing in desalination, both The Dow Chemical Co. (NYSE: DOW) and General Electric Co. (NYSE: GE) have growing divisions manufacturing the required equipment and plant-operating systems.]
Itron Inc. (Nasdaq: ITRI), recent price $62.35 - One of the clear leaders in the demand-side water efficiency sector, ITRI produces smart water and gas meters, electricity meters, automated watering systems, electronic water-usage and data-monitoring devices and ultrasonic water and heat meters, as well as a variety of other electrical and metering products, all of which it markets worldwide. Founded in 1977 and based in Washington state, Itron is expected to report earnings of $4.02 a share for 2010, up from $2.15 in 2009, with an increase to $4.33 in 2011. The company has a book value of $35.46 a share, but pays no dividend.
Lindsay Corporation (NYSE: LNN), recent price $71.29 - Based in Omaha, Neb., Lindsay is a leader in the design and manufacture of automated central-pivot, lateral and hose-reel irrigation systems used to increase or stabilize agricultural crop production while conserving water, energy and labor. It markets products internationally, including to China. Lindsay also has an Infrastructure division that supplies transportation departments and road-construction contractors, making everything from crash barriers to reflective pavement safety tapes. The company earned $1.83 a share for the fiscal year ended in August 2010, with $2.19 forecast for FY 2011 and $2.72 for 2012. The 34-cent dividend provides a yield of 0.52%.
Companhia de Saneamento Basico do Estado de Sao Paulo (NYSE ADR: SBS), recent price $50.57 - If you'd like an international play as well as a water company, Brazil's Sabesp fits the bill. It provides water and sewage services in 365 of the 645 municipalities in the State of Sao Paulo (which is also a majority stockholder), serving 23.4 million people with water services through 7.2 million water connections. It also provides sewage services to 19.7 million people, with 5.6 million sewage connections, and offers other services including urban rainwater drainage and management, urban cleaning and solid waste management, power generation and conservation activities. The company earned $8.05 a share over the trailing 12 months, giving it a P/E of just 6.23, but the stock pays no dividend.
If picking one or two individual water-related investments out of the many available seems too daunting, there are several exchange-traded funds (ETFs) that can identify opportunities and provide diversification for you. Two of the top funds are:
PowerShares Global Water Portfolio (ETF), (NYSE: PIO), recent price $20.30 - PIO is based on the Palisades Global Water Index, which tracks a group of international companies that provide drinkable water, water-treatment systems and technology and services directly related to water consumption. The fund's equal-weighted portfolio is rebalanced and reconstituted quarterly, with current assets of $316.2 million. PIO, founded in June 2007, has provided a three-year total return of -8.15%, reflecting the impact of the economic slowdown on new water projects, but has yielded 1.36% over the past 12 months, and the stock is up 28.9% from its 52-week low.
Claymore S&P Global Water Index (NYSE: CGW), recent price $20.65 - CGW tracks the S&P Global Water Index, which consists of about 50 stocks traded on major world exchanges and selected based on the relative importance of the global water industry in the company's business plan. The index tries to balance representation from different segments of the water industry - 25 water utilities and infrastructure companies and 25 water equipment and materials companies. The fund normally invests at least 90% of its assets in common stock and American depositary receipts (ADRs) that comprise the Index. The fund, with $206.4 million in assets, reports a year-to-date return of 5.48% and a yield over the trailing 12 months of 1.03%.
------------------------------------------------------------------
Larry D. Spears is a contributing writer for MoneyMorning.com
Sunday, February 13, 2011
Wednesday, January 26, 2011
The Iraqi Dinar Scam Is Back... and Bigger Than Ever
by Andrew Gordon: Editorial Contributor of Early To Rise
"I'm always a fan of buying the currency [Dinar] as a play."
– Jim Cramer (October 2009)
My cousin Harvey called me last week. He said he had one heck of an opportunity but he wanted to run it by me first. What was getting Harvey all jacked up?
Iraqi Dinars.
Here's what he told me: The Iraqi government is planning to revalue its nearly worthless currency any day now. The Dinar is going to spike. You can make millions of dollars. All you have to do is buy Dinars now at their current price, about 1,000 Dinars to the dollar, and sell them a little later when the Dinar's new exchange rate is approved.
I told Harvey that it sounded too good to be true. But I promised him I'd look into it. I've already given Harvey the scoop. Now I'm going to share my findings with you...
The Iraqi Dinar Scam Is Back... and Bigger Than Ever
No need to pull punches here: The only ones making money off the rumors that the Iraqi government is hours, days, or weeks away from redenominating the Dinar are the half-dozen sites that sell this currency to you. They make about 20%-25% on each sale. A very good deal for them. A very bad one for you.
Hard numbers are impossible to get. But CNBC interviewed the owner of one of these Dinar sites back in October 2009. He said his company got more than 1,000 orders a day. For the year, it sold over $100 million worth of Dinars.
Given an 18% spread between the buying and selling prices (according to what this person told CNBC), the company made $18 million that year.
Make no mistake about it, this scam is BIG BUSINESS.
Potential Dinar buyers (like my cousin Harvey) get lured in by the daily deluge of breathless rumors on these websites. Here are some recent examples I found...
"Last week two individuals informed me that the Warka Bank will not allow any withdraws / deposits.... I was also informed that they now can buy the new IQD [Dinar], BUT at 1 dinar to $3.45. I did not say it the other way around... the employee informed them that there was going to be a big announcement on the 25th of Jan."
"I was told from a friend who has a contact in the U.S. government that the RV [revaluation] was finished January 11th and would be made public within two weeks..."
"Confirmed by at least five different [Iraqi] banks that they are gearing up by having ordered 4 times the regular cash reserves for the end of this week and next week.... Unconfirmed report that it has been the U.S. government suppressing this..."
"Our personal banker said that our bank, Wachovia/Wells Fargo, had begun to issue memos and information regarding the upcoming RV [revaluation] of the Iraqi Dinar throughout its branches. He did not have a date, but he wanted the information to get Dinar for himself..."
"OK, the real truth from the people that know EXACTLY what is going on. I was told there are still a few hoops that Iraq must jump through to do the RV [revaluation]. I was told that at the outside it would take 3 weeks and there would be a lot of smoke and mirrors..."
You get the idea, don't you? These rumormongers do a better job of staying on message than our politicians do. And the message is that an Iraqi Dinar revaluation is going to happen any day now... and you need to get on board NOW.
The funny thing is, these same "it's gonna happen any day" rumors have been circulating since the New Dinar was introduced in 2003.
Separating Fact From Fiction
The truth about Iraq? It is rebuilding its oil industry, economy, and government.
The fiction? To do this, it has to resuscitate the Dinar. And as I said, right now, it takes about 1,000 Dinars to buy one dollar.
The Dinar websites make a big deal of the Kuwaiti Dinar. After the first Gulf War, it rose considerably. But the Kuwaiti Dinar wasn't free-floating. It was tightly managed by the Kuwaiti government. The Iraqi Dinar is free-floating and heavily influenced by economic factors outside of the government's control.
Counting on the Dinar going up is dangerous. Remember, no matter how low a currency is valued, it can always keep going lower until it's worth absolutely nothing. Zimbabwe simply let its worthless currency lapse into disuse in 2008.
So who is spreading these rumors? I put this question to my good friend "GD," who has worked at the highest levels of the CIA and State Department. He said to simply follow the money. Who benefits from a rising Dinar? Mostly, it's the thousands of American soldiers and contractors who have been stationed in Iraq. They have had access to the Dinar, and GD thinks many of them took pocketfuls of the currency back home, even though it was against the rules.
Not All Scams Are Illegal
The Dinar sites themselves aren't illegal. Most are registered with the Treasury Department as money service businesses (MSBs). That doesn't mean much (any company can fill out a form and become an MSB), but it does make them legal.
MSBs don't sell investments. But these Dinar sites are very much in the business of selling Dinars, even with their lame disclaimers. Here's how a typical one begins... "None of the information I share on this site is my own unless I create a post where I share my own opinion or personal experience. I simply try to collect the best rumors and information I feel applies to a given day's news and information that I heard or read on the Internet about the 'New Iraqi Dinar.'"
And these sites are all over the Net, even popping up in articles exposing them as scams!
An article on the Dinar Scam shows Google ads urging readers to buy Iraqi Dinars.
How do I know this is a scam? Because even when you win, you lose. If the improbable happens and the Dinar doubles in value, there's no way to cash in. Dinars can be redeemed only in Iraq. A thriving unofficial Dinar-selling market has been generated by these sites. But who's buying? NOBODY. So, even if the Dinar appreciates, you're stuck.
So Why Doesn't the U.S. Government Do Something About This?
It is doing something. Several Dinar scams are under investigation and are part of the U.S. public record. Here are a few of them...
State of Idaho v Jack Lee Smiley (Smiley "guaranteed that an investment of $1,000 would return $1,000,000.")
The Arkansas Securities Department's investigation into the currency exchange activities of Dartmouth Capital, LLC, d/b/a Safedinar.com
Illinois Attorney General Lisa Madigan's lawsuit alleging that selling Iraqi currency (Dinars) on the Internet but failing to fulfill orders is a violation of Illinois law
But it's going to be tough to slow down the Iraqi scam freight train.
Don't become a victim of this fraud. Buy lottery tickets instead. You have a much better chance of winning.
Respectfully,
Andrew Gordon
Editorial Contributor
Early To Rise - Investor's Edition
Geez, they're giving out iPads?
We came across this extraordinary opportunity being offered by a colleague of ours Mike Ward, who runs a very successful group of financial advisory services over at Money Map Press. Seems any reader who signs up for their best research deal not only gets a substantial discount, but also a $2,475 check... and a free iPad. When we asked if we could pass the same generous deal by IDE readers he said, "Yes, but just be aware the offer ends after this weekend and, as you might imagine, I'm running out of iPads." Details here.
We want your feedback! Let us know your thoughts on today's issue. Email us at: AskETR@ETRFeedback.com
Copyright © 2011 Early to Rise, LLC.
NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. Disclaimer: Early to Rise only recommends products that we've either personally checked out ourselves, or that come from people we know and trust. For doing so, we receive a commission. We will never recommend any product that does not have a 100% money-back satisfaction guarantee.
---------------------------------------------------------------------------
Nothing in this e-mail should be considered personalized Financial Advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized Financial Advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
To contact us, please visit... http://www.supportatetr.com/helpdesk To cancel or for any other subscription issues, write us at:
Order Processing Center
Attn: Customer Service
PO Box 7835
Delray Beach, Florida 33482
"I'm always a fan of buying the currency [Dinar] as a play."
– Jim Cramer (October 2009)
My cousin Harvey called me last week. He said he had one heck of an opportunity but he wanted to run it by me first. What was getting Harvey all jacked up?
Iraqi Dinars.
Here's what he told me: The Iraqi government is planning to revalue its nearly worthless currency any day now. The Dinar is going to spike. You can make millions of dollars. All you have to do is buy Dinars now at their current price, about 1,000 Dinars to the dollar, and sell them a little later when the Dinar's new exchange rate is approved.
I told Harvey that it sounded too good to be true. But I promised him I'd look into it. I've already given Harvey the scoop. Now I'm going to share my findings with you...
The Iraqi Dinar Scam Is Back... and Bigger Than Ever
No need to pull punches here: The only ones making money off the rumors that the Iraqi government is hours, days, or weeks away from redenominating the Dinar are the half-dozen sites that sell this currency to you. They make about 20%-25% on each sale. A very good deal for them. A very bad one for you.
Hard numbers are impossible to get. But CNBC interviewed the owner of one of these Dinar sites back in October 2009. He said his company got more than 1,000 orders a day. For the year, it sold over $100 million worth of Dinars.
Given an 18% spread between the buying and selling prices (according to what this person told CNBC), the company made $18 million that year.
Make no mistake about it, this scam is BIG BUSINESS.
Potential Dinar buyers (like my cousin Harvey) get lured in by the daily deluge of breathless rumors on these websites. Here are some recent examples I found...
"Last week two individuals informed me that the Warka Bank will not allow any withdraws / deposits.... I was also informed that they now can buy the new IQD [Dinar], BUT at 1 dinar to $3.45. I did not say it the other way around... the employee informed them that there was going to be a big announcement on the 25th of Jan."
"I was told from a friend who has a contact in the U.S. government that the RV [revaluation] was finished January 11th and would be made public within two weeks..."
"Confirmed by at least five different [Iraqi] banks that they are gearing up by having ordered 4 times the regular cash reserves for the end of this week and next week.... Unconfirmed report that it has been the U.S. government suppressing this..."
"Our personal banker said that our bank, Wachovia/Wells Fargo, had begun to issue memos and information regarding the upcoming RV [revaluation] of the Iraqi Dinar throughout its branches. He did not have a date, but he wanted the information to get Dinar for himself..."
"OK, the real truth from the people that know EXACTLY what is going on. I was told there are still a few hoops that Iraq must jump through to do the RV [revaluation]. I was told that at the outside it would take 3 weeks and there would be a lot of smoke and mirrors..."
You get the idea, don't you? These rumormongers do a better job of staying on message than our politicians do. And the message is that an Iraqi Dinar revaluation is going to happen any day now... and you need to get on board NOW.
The funny thing is, these same "it's gonna happen any day" rumors have been circulating since the New Dinar was introduced in 2003.
Separating Fact From Fiction
The truth about Iraq? It is rebuilding its oil industry, economy, and government.
The fiction? To do this, it has to resuscitate the Dinar. And as I said, right now, it takes about 1,000 Dinars to buy one dollar.
The Dinar websites make a big deal of the Kuwaiti Dinar. After the first Gulf War, it rose considerably. But the Kuwaiti Dinar wasn't free-floating. It was tightly managed by the Kuwaiti government. The Iraqi Dinar is free-floating and heavily influenced by economic factors outside of the government's control.
Counting on the Dinar going up is dangerous. Remember, no matter how low a currency is valued, it can always keep going lower until it's worth absolutely nothing. Zimbabwe simply let its worthless currency lapse into disuse in 2008.
So who is spreading these rumors? I put this question to my good friend "GD," who has worked at the highest levels of the CIA and State Department. He said to simply follow the money. Who benefits from a rising Dinar? Mostly, it's the thousands of American soldiers and contractors who have been stationed in Iraq. They have had access to the Dinar, and GD thinks many of them took pocketfuls of the currency back home, even though it was against the rules.
Not All Scams Are Illegal
The Dinar sites themselves aren't illegal. Most are registered with the Treasury Department as money service businesses (MSBs). That doesn't mean much (any company can fill out a form and become an MSB), but it does make them legal.
MSBs don't sell investments. But these Dinar sites are very much in the business of selling Dinars, even with their lame disclaimers. Here's how a typical one begins... "None of the information I share on this site is my own unless I create a post where I share my own opinion or personal experience. I simply try to collect the best rumors and information I feel applies to a given day's news and information that I heard or read on the Internet about the 'New Iraqi Dinar.'"
And these sites are all over the Net, even popping up in articles exposing them as scams!
An article on the Dinar Scam shows Google ads urging readers to buy Iraqi Dinars.
How do I know this is a scam? Because even when you win, you lose. If the improbable happens and the Dinar doubles in value, there's no way to cash in. Dinars can be redeemed only in Iraq. A thriving unofficial Dinar-selling market has been generated by these sites. But who's buying? NOBODY. So, even if the Dinar appreciates, you're stuck.
So Why Doesn't the U.S. Government Do Something About This?
It is doing something. Several Dinar scams are under investigation and are part of the U.S. public record. Here are a few of them...
State of Idaho v Jack Lee Smiley (Smiley "guaranteed that an investment of $1,000 would return $1,000,000.")
The Arkansas Securities Department's investigation into the currency exchange activities of Dartmouth Capital, LLC, d/b/a Safedinar.com
Illinois Attorney General Lisa Madigan's lawsuit alleging that selling Iraqi currency (Dinars) on the Internet but failing to fulfill orders is a violation of Illinois law
But it's going to be tough to slow down the Iraqi scam freight train.
Don't become a victim of this fraud. Buy lottery tickets instead. You have a much better chance of winning.
Respectfully,
Andrew Gordon
Editorial Contributor
Early To Rise - Investor's Edition
Geez, they're giving out iPads?
We came across this extraordinary opportunity being offered by a colleague of ours Mike Ward, who runs a very successful group of financial advisory services over at Money Map Press. Seems any reader who signs up for their best research deal not only gets a substantial discount, but also a $2,475 check... and a free iPad. When we asked if we could pass the same generous deal by IDE readers he said, "Yes, but just be aware the offer ends after this weekend and, as you might imagine, I'm running out of iPads." Details here.
We want your feedback! Let us know your thoughts on today's issue. Email us at: AskETR@ETRFeedback.com
Copyright © 2011 Early to Rise, LLC.
NOTE: If URLs do not appear as live links in your e-mail program, please cut and paste the full URL into the location or address field of your browser. Disclaimer: Early to Rise only recommends products that we've either personally checked out ourselves, or that come from people we know and trust. For doing so, we receive a commission. We will never recommend any product that does not have a 100% money-back satisfaction guarantee.
---------------------------------------------------------------------------
Nothing in this e-mail should be considered personalized Financial Advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized Financial Advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
To contact us, please visit... http://www.supportatetr.com/helpdesk To cancel or for any other subscription issues, write us at:
Order Processing Center
Attn: Customer Service
PO Box 7835
Delray Beach, Florida 33482
Thursday, January 20, 2011
Testimonials About "Truth About Abs": How To Get 6 Pack Abominal Muscles
The #1 Rated Abs Program on the Internet (As Ranked by Clickbank.com).
The Honest Source on Abdominals & Fat Loss
The Honest Source on Abdominals & Fat Loss
Below are some of the testimonials I've received from some of the readers from around the world. I thank all of you for being thoughtful and taking the time to write to me about your successes that you've had with my Truth about Six Pack Abs program and for allowing me to share your thoughts with the world about how you enjoyed this program.
Order The Truth About 6 Pack Abs here
The Truth about Six Pack Abs Reader Responses below:
Leith Carnie from Australia
"...I was running regularly and working out sometimes, but I was still getting fatter... Everything changed when I started your truth about abs program..."
Leith's changes from using TruthAboutAbs at 7 months and 11 months
Hi,
I had been talking about this program for MONTHS, saying "I'll get it next pay...next pay...next pay..." Finally a friend of mine got sick of my procrastination and just bought it for me as a gift.
I began the program on the 5th of February (about a month after my Dec 25th pic). Its now 18th July and Im still going strong. So I thought I would send in my results so far.
Order The Truth About 6 Pack Abs hereThe Program is FREAKIN BRILLIANT!!!
Before I started your program, I was running regularly and working out sometimes, but I was still getting fatter.... and fatter. I didn't really notice it until my friend took a photo of me at the beach. I was horrified!!!! I knew I had to do something about it, but I couldn't move the fat.
Everything changed when I started your truth about abs program. In the 6 months I've been on the program, I've lost 25.4 kg and gone from 30% body fat down to 11% body fat.
THANK YOU MIKE!!!!!!!
I have been sending friends photos of my progress and then the link to your site.
Leith Carnie, Australia
(Update on Leith's results: as seen in his 3rd pic above, Leith has dropped even more body fat in the last 4 months, and even has six pack abs now. This just shows the changes you can make in your body if you apply the info in TruthAboutAbs. Great job Leith!)
Order The Truth About 6 Pack Abs hereStephanie Hurst from Tulia, Texas
"...I went from a size 14 to a 5. Weight wise I was around 190 lbs when I started and now I am 120 lbs... It’s been a total lifestyle change..."
Stephanie before using Truth About Abs
nbsp; Stephanie after getting great results
Mike,
I attached a couple photos to show you how far I've come since starting your program.....it was quite shocking to see what I looked like just last year!! I had forgotten how overweight I was, and looking at these before and after pics again almost made me cry...but tears of joy this time, as I'm so thankful for how much progress I've made.
Not only do I feel so healthy and vibrant, but I feel that I look younger now too! Its wonderful! I went from a size 14 to a 5. Weight wise I was around 190 lbs when I started and now I am 120 lbs. I’m so passionate about your book and style of nutrition...it's absolutely amazing...I don’t crave unhealthy stuff anymore...I have eliminated an insane sweet tooth.
I happened upon your book about 9 months ago. Once I downloaded and printed your ebook, I read it once, and then again. There is so much information in there that expands beyond just working out and abs. The nutritional information was fascinating, and I believe that was what helped me get to where I am today. The workouts are also so challenging, and talk about breaking a sweat! I love it.
I have SO MANY people ask me what diet I was doing to lose all that weight. They just don't understand that I'm not on a diet... It’s been a total lifestyle change. I would recommend your book to anyone! I feel exceptional, and I am in the best shape of my life!
I hope that my testimonial will help you out, as well as other people that have struggled to get in shape. Thank you so much!!
Stephanie Hurst
Tulia, Texas
"...When I started I was 190 lbs, waist 35 inches, bench was 165lbs. I'm now 175 lbs, with a waist of 33 inches, and benching 225lbs..."
Mike,
I'm now 175 lbs, with a waist of 33 inches, and benching 225lbs. Your full body workouts are some of the best I've ever used. I'm also making much better food choices now based on your advice and staying away from the junk I used to have trouble with. Thanks for everything.
John P. Hembree, Sergeant, US Military
"...I am down now to between 7-8% body fat (according to my Tanita scale), have lost a total of 3-4 inches in the waist..."
John before using TruthAboutAbs
Hello Mike,
Thanks for your ebook Truth About Abs. I used it in the first 5 months or so this year and had great results! I attached pictures for you to see the progress I've made so far.
Anyway, I am down now to between 7-8% body fat (according to my Tanita scale), have lost a total of 3-4 inches in the waist, lost a total of about 24 lbs, and got my 6 pack abs! I do have a lot of people ask me about weight loss supplements, but I have started telling people to forget it and get your book instead. Thanks,
John Howlett
President, Healthy-Sunshine, Inc.
"...I looked like "barrel boy" with no definition and a bonafide gut last year. I'm down from 24% bodyfat to 7.4% bodyfat currently! ..."
Greg's results from last year to this year
Mike, I don't know if you actually monitor this email address, so if an assistant does, please forward this to Mike.
I owe you a lot of thanks Mike. Your program grabbed my attention last year when I was at an all-time (lifetime even) self esteem and physique low.
I've been on your program for almost exactly one year now and as you can see from my pics, I've completely changed my life. I didn't do any of those typical holding the newspaper pics, but I did luckily save a couple pics for you.
These pics are from last year to this year. I just want you to know and see what you've done for me. Anyway, I looked like "barrel boy" with no definition and a bonafide gut last year.
I'm down from 24% bodyfat to 7.4% bodyfat currently!
I'm so glad I found your program. I'm extremely proud of myself and extremely grateful to you. This is going to sound cliche, but I've become the go-to guy around the office for fitness questions and I've inspired (not by talk but by action and lifestyle) people around me to quit being so damned disrespectful to their bodies.
This has been a total body (and mindset) transformation -- and I haven't even set foot in a gym. All done at home, with just some of the simple basics you recommended and my own motivation, intensity and dedication -- and with NO slow cardio at all.
Lazy no more, and now lean for life,
-Greg S.
"...I did start applying your diet and food recommendations, and even with just that, I've already lost 6 lbs (10 lbs to go)..."
Dear Mike,
I did some of the workout examples you specified like the one arm snatches, dumbbell swings, staggered lunges and all the ab exercises (from level 3).
Man, that was one of the best and most intense workouts I have had in ages! I did not waste hours jogging or doing all that other stuff I used to do (which by the way never got me anywhere). I am so excited to go back to the gym and have your book with me as a personal trainer's guide.
Thank you so much!
Laura Kawasmi, Brownsville, TX
"...I like the variety and the shorter workouts, as apposed to the long boring workouts and repetitive isolating exercises I used to do..."
Hi Mike. I have just recently started your program and i LOVE it so much. I just wanted to tell you how fantastic I think your approach and lay out to losing stomach fat is. I'm already feeling the effects of your workouts. My body feels firmer and fitter and I look forward to the sweat.
Truth be told I was BORED TO TEARS with our usual routine at the gym. Not to mention it wasn't really getting my stomach flat!! I love your approach cause it explains everything, and I am a person that needs to know the reasons for why I am doing what I am doing! I like the variety and the shorter workouts, as apposed to the long boring workouts and repetitive isolating exercises I used to do.
Following your program I am certainly getting the heart pumping and the sweat is flowing like I've never felt before. It feels great. Thanks, and I will keep you posted!
Michelle Smith, Ontario, Canada
"...I am well on my way to being in the best shape of my life at 39 years of age..."
Mike,
I have been on your program for the last three or four weeks. All I can say is WOW! I have been body building for well over 20 years and I can honestly say that you have allowed me to break out of what I call the classical mess of weight lifting.
I have made some great gains and I am well on my way to being in the best shape of my life at 39 years of age. I get a kick out of the Guys at the gym when they see me perform some of your exercises. They often come up and ask what I am doing.
I just tell them, as I struggle to regain my breath, "I'm just mixing it up a bit" and then watch them as they go back and waste their time with bicep curls for the next half hour.
Now I'm trying to get my wife onboard using your program as well. Thank you so much for doing what you do and keep the emails coming. This is the best $39 I have ever spent. Thanks,
Luis Acevedo, Dallas, Texas
"...After a few weeks on your workouts, i can now see lines on the side of my stomach and my abs appearing even more visibly..."
Hi Mike. Just wanted to let you know, your interval and weight training methods in your e-book are working perfect! Before i got your e-book, i could see my six pack abs a little bit. After a few weeks on your workouts, i can now see lines on the side of my stomach and my abs appearing even more visibly. I still have a little fat, but not much at all. Thanks!
Andreas Beirholm, Denmark
"...Yesterday a colleague of mine said, "you're looking very toned, what are you doing?" I felt GREAT..."
Hi Mike, I'm a 52 year old woman who started your truth about abs program about 3 to 4 weeks ago. Yesterday a colleague of mine said, "you're looking very toned, what are you doing?" I felt GREAT!! It's working!!! Thanks Mike, I was one of those 1 & 1/2 hr treadmillers and couldn't understand (even though I look good) why I couldn't get rid of those fat pockets! Now I understand. I will keep you abreast of my progress... Again, thank you,
Cynthia Ward, Locust Grove, Georgia
"...I started taking your advice recently and eventually lost those extra 10 pounds of fat I wanted to lose! ...I am 38 years old and now have a 32 inch waist..."
Mike,
I wanted to thank you for all the advice and motivation you have shared with me in your book & newsletter. I feel great! The other day at a family gathering, my family and friends gave me so many compliments. They told me I looked good and asked me what in the world I was doing to be in such great shape.
I have been working out for about two and a half years but I just couldn't lose the last 10 pounds of body fat I wanted to lose. I started taking your advice recently and eventually lost those extra 10 pounds of fat I wanted to lose! I did it your way which to me is the smart way.
I am 38 years old and now have a 32 inch waist. It took a lot of discipline but you helped me reach my goal! One of my cousins just looked at me and kept saying WOW! WOW! WOW!
Thanks so much!
Mike Castaneda
Order The Truth About 6 Pack Abs here"...this program has given me new motivation and kickstarted my results. Thanks Mike!"
Dear Mike,
I just read your Truth About 6-Pack Abs and I think it has some great stuff in it that I never realized before. I really couldn't put the book down. I enjoy the fact that you are not just telling readers what to do with a promise that results will be achieved, but explaining the reasons behind your strategy supported by research.
I have been exercising on my own my entire life, but I really hit a plateau during the last few years, and this program has given me new motivation and kickstarted my results. Thanks Mike!
Pete Maguire, Brookline, Mas.
"...A loss of 7 inches in 11 weeks! ..."
Hi Mike
I was searching for a program to genuinely help me lose body fat and get a six pack. I came across your website and the money back guarantee you offered suggested to me that you believed in what you were offering & not just interested in selling your e-book. Anyway, I made the purchase on the basis that I'd give it a try and if it wasn't any good I'd ask for my money back.
Before I started with the program I weighed 80kg and my waist size was 42 inches. After 11 weeks I still weigh about 80kg but my waist size is now 35 inches. A loss of 7 inches in 11 weeks! Since my weight stayed about the same, that means I gained muscle while losing 7 inches of fat from my waist!
My strength and energy are also improving each week and I'm lifting heavier weights as I progress. Family and friends that haven't seen me in weeks can't believe how much leaner and slimmer I look now.
I'm really glad that I bought your e-book and stuck to the programs. I still have a little more body fat to lose, but I can already tell that a visible six pack is just a few more weeks away!
Thank you for all the advice and words of motivation. This entire experience is far more than what I was expecting for my money!
Regards,
Imtiaz Girach, UK
Order The Truth About 6 Pack Abs here
"...The belly I have been trying to battle is shrinking by the day..."
Mike:
Thank you for changing the way I workout. After years of fooling myself into thinking I was getting a good workout, your book, The Truth About Abs, has revitalized not only my workouts, but also my life. Working out regularly for over 10 years, I became increasingly frustrated at my lack of progress.
Despite doing over an hour of cardio at least three times a week and lifting three times a week as well, I wasn't in good shape. Also, despite my workout attempts, I was also getting what you have termed as the "skinny fat" appearance.
Seeing no outward or inward results, I sunk into such a rut I was ready to quit exercising. That was when a friend recommended your ebook. After only a month-and-a-half of doing the routines diagrammed in your book, my physical appearance has improved dramatically. Not only that, but my endurance has increased to the point that I can handle a full hockey game and not get gassed. In fact, I get stronger as the game goes on. Just that alone was well worth the $40 I spent.
Following your diet tips has also given me more energy throughout the day. I no longer "crash" halfway through my work day and no longer crave the sugary foods I used to. The belly I have been trying to battle is shrinking by the day. After years of working out, I am only now finally getting compliments for how "toned and ripped" I appear.
Once again, thanks for giving me that boost I so needed in my workouts and for improving my quality of life.
-John Crawford, Collingswood, NJ
"...I've definitely been doing all of the wrong types of cardio and the wrong types of strength exercises..."
Thanks again for giving me this much-needed education into a very important topic... my health & well being (not to mention looking great also!)
-Sandra Torrez, San Antonio, Texas
"...I finally found something now that works to lose fat and flatten my stomach..."
Hey Mike
I just purchased your ebook about 2 weeks ago and I love it! The workouts are great - better than any workout I've done before. I've been that person who has tried all the fad diets, diet pills, and bought my fair share of infomercial ab machines! At least I finally found something now that works to lose fat and flatten my stomach!
Thanks for your help,
Amy Brunetti, Chicopee, MA
"...I can already feel my pants starting to loosen ..."
Hey Mike,
Just wanted to say thanks for making such a good book. Ive only been using it for about 2 weeks and I can already feel my pants starting to loosen and I have the confidence to go outside without feeling like I have to wear a sweatshirt to hide my gut. Thanks again for your work,
Jason K. C., North Dakota
"...and surprisingly, I can already see some positive changes to my body..."
"Hi Mike
I started your workouts last week, and surprisingly, I can already see some positive changes to my body! I definitely feel these working me better than anything else I've tried. I really like the interesting way that you turn a weights workout into a cardio workout as well. I can see already that if I keep on doing this progressively, I'll surely have my old body shape back in no time :)
Ok catch you soon. Thanks again Mike, you're superb!"
-Ellin Hazrin, Kingsford, Australia
"...i have to say i've never had such a good workout..."
Mike, you can use this for your testimonials if you want...
I have to say...You are a genious. Gave 1 of your workouts a go on friday and i have to say i've never had such a good workout. I've been going to the gym for years now and have been doing 40 solid minutes of quite high level cardio but using just 10 minutes of your style of inverval training felt like it worked me so much better.
I also used to spend an hour on my abs when i worked out and never really felt it. After doing this workout on friday i really felt like i'd earned my protein shake! Plus I got my workout done much quicker than my old workouts...It's quite incredible!
Dave Haddow, UK
"...HOLY CRAP, those workouts get me sweating like nothing else..."
Hey Mike,
I ordered your 'Truth About Six Pack Abs' online a couple weeks ago. I have been doing some of the beginner and intermediate level workout routines. HOLY CRAP, those workouts get me sweating like nothing else. I especially love/hate the squat presses and renegade rows.
I'm also starting to get the hang of your diet methods, which are actually more enjoyable than the way I used to eat. Anyway, I just wanted to say thanks for the useful info and your obvious care for healthy lifestyles of your readers. Thanks again,
Kyle LeDoux, Santa Clarita, CA
"...I'm now really pumped up to change my workouts from 2 hours a day and lots of cardio to your quicker and more effective methods..."
Hi Mike,
I've been doing sit-ups for years and have a vague 6 pack outline but can't get rid of that fatty bit at the bottom of my stomach to reveal the abs better. I've recently bought your ab book and read it front to back. Can I just say that everything you talk about, I've never had explained to me before and to be honest, I'm blown away!
Everything makes so much more sense now. I'm now really pumped up to change my workouts from 2 hours a day and lots of cardio to your quicker and more effective methods. Many thanks for helping me straighten out my flawed workout habits and fitness!
Best regards,
Patrick Mulcrone, Middlesex, UK
"...I have been on your program for about 4 solid weeks. In that time I have dropped 15 pounds of fat already..."
Hey Mike, I have been on your program for about 4 solid weeks. In that time I have dropped 15 pounds of fat already! I cannot believe the results and it doesn't take up too much of my time. I used to workout 5 days minimum for over an hour each time and I felt rundown and I wasn't seeing the results I wanted.
Now with your workout program and advice on nutrition I feel energized and happier than ever. What's great about your workouts is you never get bored. You can mix things up and most importantly, NO MORE boring treadmill cardio sessions! I workout 3 times a week now and for about 45 minutes each time. Mike, you are a life saver and I would recommend your book to anyone!"
Larry Salvatoriello - Brick, New Jersey
"...the results are coming quickly too! (without any special expensive or dangerous pills..."
Mike, the main thing I like about your program (apart from great results!) is the satisfaction I get from the workouts. After just a few sets of your unique exercises in the Truth About Abs (Renegade rows and One arm snatches being my favourites :)) I can feel that my body has been worked thoroughly and after a full session, I simply feel great...and exhausted!! And the results are coming quickly too! (without any special expensive or dangerous pills)
Thank you very much,
Timur Kary-Niyazov, Rugby School, UK.
"Hi Mike - Great book! I am following your workout plans detailed in the book and the diet tips and seeing great results. I am only training every other day, and keeping the intensity pretty high. So far so good. Thanks!"
Sky Gornik, San Diego, CA
"...using your methods for about 2 months now and I've finally started to see my abs ..."
Dear Mike,
I'm so excited about your abs ebook, it's been working GREAT for me! I've been using your methods for about 2 months now and I've finally started to see my abs (FINALLY) coming out. This after spending tons of money on all kinds of garbage that didn't work over the years. Thank you,
Junio Fermin, Monroe Twp, NJ
"...for 7 weeks now and i've successfully dropped 20 pounds of body fat so far..."
Hey Mike,
I have been on your Truth about Six Pack Abs program for 7 weeks now and i've successfully dropped 20 pounds of body fat so far! My workout and eating habits have improved greatly based on your advice in the book and email newsletters. I feel like a new man! Thank you for everything.
Matt Rosenow, Buffalo, NY
"...intergrating your program into my routines and using your diet tips, I have practically achieved my dream physique and I am spending less time than ever in the gym..."
Hey Mike,
I just wanted to let you know I am enjoying great success with your abs fat loss program. I have always been in decent shape and maintained a good physique, but with the help of your program over the last couple months, I have taken my fitness to new levels.
By intergrating your program into my routines and using your diet tips, I have practically achieved my dream physique and I am spending less time than ever in the gym. It is truly amazing...who would have thought? Thanks again for everything.
George M., Ashland, VA
"...For the first time in my life, I feel like I can see exactly what I need to do to reach my goal of a body that is fit, lean, and showing a six-pack..."
Hey Mike,
I just keep reading and re-reading your powerful and insightful messages in your book and bonus materials regarding what it takes to achieve a lifetime of health and fitness and I marvel at how incredibly simple you make it all seem. Your advice is dead-on and yet adopting the necessary mind set and discipline continues to allude most of us who want so much to attain the fittest bodies possible, yet we continue to struggle with falling for fads and supplements. I can FINALLY say that I am so done with that CRAP!
Your positive comments and words of encouragement (not to mention your sound fitness advice in your book) are exactly what I needed to keep focused and my "eye on the prize". For the first time in my life, I feel like I can see exactly what I need to do to reach my goal of a body that is fit, lean, and showing a six-pack! Keep the information flowing... you're awesome dude and I am so glad I came across you and purchased your Truth about Abs book. I would highly recommend it to anyone who is serious about achieving their ultimate health and fitness goals! Thanks again for your support and your prompt reply to my e-mail. Now I need to get back to reading your book. I can't get enough of it!
-Todd Brennan
Fairfield, California
"...my training methods and lifestyle have changed dramaticaly and I am FINALLY getting results I should have gotten years ago..."
Hey Mike,
I would like to let you know that since I read your Truth about Abs book, my training methods and lifestyle have changed dramaticaly and I am FINALLY getting results I should have gotten years ago! It is refreshing to find someone who is actually trying to sell the truth and not scam us on some crappy contraption or supplement. Thank you very much for all the great info in your book and newsletters!
-Peter Morrisey, Munster, Ireland
Order The Truth About 6 Pack Abs hereWednesday, January 19, 2011
The Number 1 Threat to U.S. National Security:This may cause mass bankruptcies in America
Dear Money Morning Reader,
There's not a lot of time so I'll get right to the point...
There's a very serious threat looming over America right now. And it could end up affecting the retirement of thousands, maybe even millions, of Americans.
What's the nature of this disaster?
It involves a new group of sophisticated "cyber terrorists."
Richard Clarke, former counterterrorism adviser for Presidents Bush and Clinton, says these new terrorists "could wipe out and confuse financial records, so that we would not know who owned what, and the financial system would be badly damaged."
Fox Business News reports that it could "cause billions of dollars in damage and put thousands of lives in jeopardy."
But here's the bad part...
Clarke says that while the Pentagon and military are protected by a defense system called Cyber Command, the average American "will have to do their own defense."
Obviously, it would be prudent to protect yourself and your retirement right away. That's why we're sending you this special report put together by our colleagues at The Oxford Club.
In it, they'll not only give you the full details on this coming cyber attack, but they'll explain exactly what steps to take to make sure your wealth is safe.
Simply click here to view Financial terrorism video now.
Sincerely,
Mike Ward
Publisher, Money Morning
P.S. This is a very time-sensitive situation so I suggest you read up on this as soon as you can.
Money Morning
Attn: Member Services
105 West Monument Street
Baltimore, MD 21201
© 2011 Money Morning All Rights Reserved
Money Morning· 105 West Monument Street · Baltimore, MD 21201
North America: 1 800 681 2581; Fax: 1 410 223 2650
International: +1 630 820 5053; Fax: +1 410 223 2650
Website: http://www.moneymorning.com
Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice.
We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Morning. 105 W. Monument Street, Baltimore MD 21201.
There's not a lot of time so I'll get right to the point...
There's a very serious threat looming over America right now. And it could end up affecting the retirement of thousands, maybe even millions, of Americans.
What's the nature of this disaster?
It involves a new group of sophisticated "cyber terrorists."
Richard Clarke, former counterterrorism adviser for Presidents Bush and Clinton, says these new terrorists "could wipe out and confuse financial records, so that we would not know who owned what, and the financial system would be badly damaged."
Fox Business News reports that it could "cause billions of dollars in damage and put thousands of lives in jeopardy."
But here's the bad part...
Clarke says that while the Pentagon and military are protected by a defense system called Cyber Command, the average American "will have to do their own defense."
Obviously, it would be prudent to protect yourself and your retirement right away. That's why we're sending you this special report put together by our colleagues at The Oxford Club.
In it, they'll not only give you the full details on this coming cyber attack, but they'll explain exactly what steps to take to make sure your wealth is safe.
Simply click here to view Financial terrorism video now.
Sincerely,
Mike Ward
Publisher, Money Morning
P.S. This is a very time-sensitive situation so I suggest you read up on this as soon as you can.
Money Morning
Attn: Member Services
105 West Monument Street
Baltimore, MD 21201
© 2011 Money Morning All Rights Reserved
Money Morning· 105 West Monument Street · Baltimore, MD 21201
North America: 1 800 681 2581; Fax: 1 410 223 2650
International: +1 630 820 5053; Fax: +1 410 223 2650
Website: http://www.moneymorning.com
Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice.
We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Protected by copyright laws of the United States and international treaties. This Newsletter may only be used pursuant to the subscription agreement and any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), in whole or in part, is strictly prohibited without the express written permission of: Money Morning. 105 W. Monument Street, Baltimore MD 21201.
Thursday, January 13, 2011
Help for our world's starving children... Feed The Children
Dear William,
Kristina Wants to Thank You for your $20 a Month commitment.
Little Kristina in the Philippines remembers just how it feels to have your life hang in the balance. Despite her struggling family's best efforts, she was starving to death.
She became so fragile that her mother finally took her to a local clinic and, though she had no money to pay for services, begged them to save her.
Because of caring hearts like yours, Feed The Children was able to begin an intensive feeding program for Kristina. In just a short time, her weight doubled and she became the happy, healthy child just as we wish for all children.
This is the kind of miracle your gift today can provide for the hungriest children in our world. Please make a gift now to help rush urgently needed food and essentials to our world's suffering children. Thank you!
For The Children,
Rick England
Chairman of the Board: Feed The Children
Help provide food and essentials for children: Or choose how much you can give Help feed families year round with a monthly gift
Suffering and starving children need help now.
Financial Accountability
In fiscal year 2009, 92 percent of all expenditures went to program services (childcare, food, medical, disaster relief, and community development).
Feed The Children meets the extensive standards of America's most respected charity evaluator.
© Copyright 2011 Feed The Children
PO Box 36
Oklahoma City, OK 73101 1-800-627-4556
Feed The Children is a 501(c)(3) tax exempt organization. Donations and contributions are tax-deductible as allowed by law.
Kristina Wants to Thank You for your $20 a Month commitment.
Little Kristina in the Philippines remembers just how it feels to have your life hang in the balance. Despite her struggling family's best efforts, she was starving to death.
She became so fragile that her mother finally took her to a local clinic and, though she had no money to pay for services, begged them to save her.
Because of caring hearts like yours, Feed The Children was able to begin an intensive feeding program for Kristina. In just a short time, her weight doubled and she became the happy, healthy child just as we wish for all children.
This is the kind of miracle your gift today can provide for the hungriest children in our world. Please make a gift now to help rush urgently needed food and essentials to our world's suffering children. Thank you!
For The Children,
Rick England
Chairman of the Board: Feed The Children
Help provide food and essentials for children: Or choose how much you can give Help feed families year round with a monthly gift
Suffering and starving children need help now.
Financial Accountability
In fiscal year 2009, 92 percent of all expenditures went to program services (childcare, food, medical, disaster relief, and community development).
Feed The Children meets the extensive standards of America's most respected charity evaluator.
© Copyright 2011 Feed The Children
PO Box 36
Oklahoma City, OK 73101 1-800-627-4556
Feed The Children is a 501(c)(3) tax exempt organization. Donations and contributions are tax-deductible as allowed by law.
Friday, January 7, 2011
A Debt That Will Never Be Repaid - The USA Defaulting on Its Debts?
Whiskey & Gunpowder By Gary Gibson January 7, 2011
Baltimore, Maryland, U.S.A.
As you read this, the U.S. government owes just a sliver under $14 trillion dollars to various suckers who’ve lent it money. And it wants to borrow more.
Timothy Geithner warned that a failure to raise the debt limit would mean the government would not be able to make the payments on the current debt in the very near future.
Consult the official record and you’ll read that the U.S. has never defaulted on its obligations. That’s technically true…but then what about when France’s prime minister Charles de Gaulle politely asked the U.S. to hand over the gold it promised was backing the U.S. dollars held by France and other nations?
“No gold for you!” Nixon was heard to say. That’s because the U.S. had printed a lot of dollars in order to pay for Lyndon Johnson’s social programs and war (among other things). There was no way that the ratio of dollars to gold held by the U.S. was still anywhere near an amount that would support the official $35/oz.
What was the real price of gold with all those extra dollars floating around? Who knows? But when they were allowed to own gold again beginning in 1974 Americans bid gold up to over $887/oz in just six years.
Nixon knew back in 1971 that there was no way the U.S. could make good on the dollar at the official rate. The official rate was a lie. If every yahoo with $35 U.S. were to show up at the gold window then, only a small percentage of them would get their gold. So Nixon “closed the gold window.”
But a default by any other name apparently isn’t really a default.
And now Mr. Geithner tells us that in order not to default, the U.S. government has to take on more debt.
Remember, there are certain ways government gets purchasing power…
Steal it directly by openly taxing its subjects (on income, payrolls, transactions, imports, exports, etc)…
Steal it sneakily through currency debasement (inflate paper money supply or clip the coins).
Borrow it.
Number three really isn’t really income, however. And it often leads to number two.
Geithner just admitted that if the U.S. doesn’t borrow more than the current debt ceiling allows, the government wouldn’t be able to meet its obligations. When you can’t pay for your expenses — including the interest on the debt you already owe — is it really a good idea to borrow more?
Maybe you should cut up the credit card, move to a smaller apartment, sell the car and take public transportation, stop eating out so much…any of these things in any combination would help. Borrowing more to fund your lifestyle doesn’t make the list. It just guarantees there will be even more pain to reckon with later.
Borrowing is what got them in this jam. Raising the debt ceiling at this point is about as healthy as having the credit card company extend an individual more credit when he already owe more than he can make in a year.
Some would say not to worry so much. Sure, the national debt is unthinkably high in absolute terms, but as a percentage of GDP the debt isn't as bad as it was right after WWII. And, say, didn’t the national debt go to zero briefly under President Jackson?
Today the choices for dealing with the debt are pretty simple…
…They raise income by stealing more in taxes, less money is available for business investment and tax revenues ultimately fall.
…They lower expenditures and the net tax recipients could get violent.
…They default honestly and the dollar falls hard and fast.
…They default sneakily by creating new money to monetize the debt and the dollar falls slowly at first...and then hard and fast.
Or they could just raise the debt ceiling and let the next couple of generations worry about it.
They’ll probably just raise the ceiling. They'll put off the day of reckoning. Who wants to contend with currency collapse and hyperinflationary chaos today? Let it be on our children's heads...and that of our children's children.
Regards,
Gary Gibson
Managing Editor, Whiskey & Gunpowder
P.S.: Agora Financial executive publisher Addison Wiggin composed a letter to Harry Reid about raising the debt ceiling. We’ll be passing that along later today so you can take a look at it.
I’m sure you’ll find it very useful reading. Especially since Addison is going to be making a special offer…
A Debt That Will Never Be Repaid is featured at Whiskey & Gunpowder.
Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Baltimore, Maryland, U.S.A.
As you read this, the U.S. government owes just a sliver under $14 trillion dollars to various suckers who’ve lent it money. And it wants to borrow more.
Timothy Geithner warned that a failure to raise the debt limit would mean the government would not be able to make the payments on the current debt in the very near future.
Consult the official record and you’ll read that the U.S. has never defaulted on its obligations. That’s technically true…but then what about when France’s prime minister Charles de Gaulle politely asked the U.S. to hand over the gold it promised was backing the U.S. dollars held by France and other nations?
“No gold for you!” Nixon was heard to say. That’s because the U.S. had printed a lot of dollars in order to pay for Lyndon Johnson’s social programs and war (among other things). There was no way that the ratio of dollars to gold held by the U.S. was still anywhere near an amount that would support the official $35/oz.
What was the real price of gold with all those extra dollars floating around? Who knows? But when they were allowed to own gold again beginning in 1974 Americans bid gold up to over $887/oz in just six years.
Nixon knew back in 1971 that there was no way the U.S. could make good on the dollar at the official rate. The official rate was a lie. If every yahoo with $35 U.S. were to show up at the gold window then, only a small percentage of them would get their gold. So Nixon “closed the gold window.”
But a default by any other name apparently isn’t really a default.
And now Mr. Geithner tells us that in order not to default, the U.S. government has to take on more debt.
Remember, there are certain ways government gets purchasing power…
Steal it directly by openly taxing its subjects (on income, payrolls, transactions, imports, exports, etc)…
Steal it sneakily through currency debasement (inflate paper money supply or clip the coins).
Borrow it.
Number three really isn’t really income, however. And it often leads to number two.
Geithner just admitted that if the U.S. doesn’t borrow more than the current debt ceiling allows, the government wouldn’t be able to meet its obligations. When you can’t pay for your expenses — including the interest on the debt you already owe — is it really a good idea to borrow more?
Maybe you should cut up the credit card, move to a smaller apartment, sell the car and take public transportation, stop eating out so much…any of these things in any combination would help. Borrowing more to fund your lifestyle doesn’t make the list. It just guarantees there will be even more pain to reckon with later.
Borrowing is what got them in this jam. Raising the debt ceiling at this point is about as healthy as having the credit card company extend an individual more credit when he already owe more than he can make in a year.
Some would say not to worry so much. Sure, the national debt is unthinkably high in absolute terms, but as a percentage of GDP the debt isn't as bad as it was right after WWII. And, say, didn’t the national debt go to zero briefly under President Jackson?
Today the choices for dealing with the debt are pretty simple…
…They raise income by stealing more in taxes, less money is available for business investment and tax revenues ultimately fall.
…They lower expenditures and the net tax recipients could get violent.
…They default honestly and the dollar falls hard and fast.
…They default sneakily by creating new money to monetize the debt and the dollar falls slowly at first...and then hard and fast.
Or they could just raise the debt ceiling and let the next couple of generations worry about it.
They’ll probably just raise the ceiling. They'll put off the day of reckoning. Who wants to contend with currency collapse and hyperinflationary chaos today? Let it be on our children's heads...and that of our children's children.
Regards,
Gary Gibson
Managing Editor, Whiskey & Gunpowder
P.S.: Agora Financial executive publisher Addison Wiggin composed a letter to Harry Reid about raising the debt ceiling. We’ll be passing that along later today so you can take a look at it.
I’m sure you’ll find it very useful reading. Especially since Addison is going to be making a special offer…
A Debt That Will Never Be Repaid is featured at Whiskey & Gunpowder.
Nothing in this e-mail should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investment advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication or 72 hours after the mailing of a printed-only publication prior to following an initial recommendation. Any investments recommended in this letter should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.
Sunday, January 2, 2011
Tiny Rare Earth Mining Company Scoops:“The $58 Billion Mining Coup of the Century”
Dear Money Morning Reader,
The world is addicted to rare earth metals...
Without them, we couldn't make batteries for iPods, Blackberry Smartphones, Prius electric cars, computer chips, jet engines, flat screen TVs, cell phones or surgical lasers.
But one little mining company just unearthed the biggest rare earth metals discovery in 83 years - worth an estimated $58 Billion.
When the news hits mainstream, this penny stock should go ballistic and early investors could pocket 1,443% gains by January 31.
Sincerely,
Mike Ward
Publisher, Money Morning
P.S. There's a brief window of opportunity to get in while this junior miner is still dirt cheap and still virtually unknown. I urge you to click here now - before this stock takes off.
Check out the Research on the Web Success Forum:
It’s a massive discovery that has the power to save America from a green tech crash… break what’s been called: “the world’s first MINEROPOLY”… and make early investors as much as 1,443% by January 31st…
The world is addicted to rare earth metals...
Without them, we couldn't make batteries for iPods, Blackberry Smartphones, Prius electric cars, computer chips, jet engines, flat screen TVs, cell phones or surgical lasers.
But one little mining company just unearthed the biggest rare earth metals discovery in 83 years - worth an estimated $58 Billion.
When the news hits mainstream, this penny stock should go ballistic and early investors could pocket 1,443% gains by January 31.
Sincerely,
Mike Ward
Publisher, Money Morning
P.S. There's a brief window of opportunity to get in while this junior miner is still dirt cheap and still virtually unknown. I urge you to click here now - before this stock takes off.
Check out the Research on the Web Success Forum:
It’s a massive discovery that has the power to save America from a green tech crash… break what’s been called: “the world’s first MINEROPOLY”… and make early investors as much as 1,443% by January 31st…
Subscribe to:
Comments (Atom)