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Ross Aldridge In Las Vegas Nevada Details Bill H. R. 2847

|Includes: ProShares UltraShort Financials ETF (SKF)

Ross Aldridge in Las Vegas Nevada debunks Foreign Account Tax Compliance Act.

In 2010, the U.S. Congress passed House of Representatives bill H.R. 2847.

Hidden within this bill is a provision known as "FATCA," which stands for the Foreign Account Tax Compliance Act.

This bill does several important things, as of July 1st, 2014:

1. It forces all worldwide banks to comply with the IRS if they have any transactions in U.S. dollars.

2. Because the U.S. dollar is still the world's reserve currency, it essentially means ALL WORLDWIDE BANKS, except for the smallest community institutions, must comply.

3. To comply, banks can either spend a fortune segmenting, tracking, and potentially "taxing" their U.S. dollar transactions by as much as 30%... or they can simply get rid of all of their U.S. customers.

In other words, the U.S. government is saying to all banks around the world: If you deal in U.S. dollars in any way, you have to give us full, unfettered access to all of these transactions... or you have to get rid of all of your U.S. customers.

The repercussions here are enormous:

For one, it means more and more institutions will move AWAY from the U.S. dollar, accelerating the already rapid worldwide move away from the dollar as reserve currency.

For another, it essentially makes it extremely difficult, if not impossible, for the average American to get some of his money out of U.S. dollars, and into more stable currencies via foreign banks.

Already, we've seen two of the largest banks in the world, JP Morgan Chase and HSBC, basically eliminate international wire transfers. Many small banks have reportedly followed suit.

And we expect many, many more banks to basically outlaw international wire transfers, the run up to this new July 1st law.

This is a clear example of Capital Controls. This is what a broke and desperate government does when they know the value of their currency is about to collapse.

We've seen governments around the globe pull these stunts over and over again... right before a currency devaluation or collapse.

And now it's happenings right here, in the United States of America.

So, what can you do?

Well, I've done a lot of research on this development, and despite the July 1st, 2014 law change, there are still a surprising number of simple things you can do to not only protect what you've currently got, but to also potentially make quite a bit of money as this currency crisis unfolds.

Here's what I recommend...

Please At Least Consider These Simple Steps

In order to protect and possibly even grow your wealth in the next few years, there's a series of pretty simple financial moves I believe you should begin making, immediately.

And here's something I want you to keep in mind: Right now, all of these moves are easy and fairly straightforward to implement. But if you wait to do these things, I believe they will almost certainly get very expensive, difficult, and even impossible to do.

If you do these things now, not only will you be better prepared to weather the coming storm, I believe you could also make quite a bit of money over the next few years.

And if I'm wrong about this whole thing... if we don't have a currency crisis at all in the next few years... well... that's the best part... I think you'll still make very good gains.

Even if all we get out of this crisis is mild inflation, you will still be set up to do very, very well.

So here are the specific steps you should take...

I know you probably don't believe me when I tell you that the U.S. government is going to implement policies to save itself, which are unimaginable right now.

But remember, desperate governments will do very desperate things. That's why they outlawed the ownership of gold 80 years ago.

That's why they are already talking about "nationalizing" automatic 401(k)s and retirement plans. That's why the government is making it harder and harder to open foreign bank accounts (more on this in a minute), or to move your money overseas without paying outrageous taxes. That is why the International Monetary Fund (NYSE:IMF) published a report in October 2013, examining all of the options for broke and indebted governments. One of their recommendations is a wealth tax on anyone with "positive net wealth." In other words, anyone with ANY savings.

The IMF says the government could simply put a 10% tax on EVERYTHING of significant value that you own, including bank accounts.

The study concludes: "The appeal is that such a tax, if it is implemented before avoidance is possible and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair). There have been illustrious supporters... [and] The conditions for success are strong."

As I've repeatedly said: Desperate governments do desperate things... and all of these desperate moves are coming very soon, right here in America. In fact, they are already underway.

The good news is, I recently met with a man who is considered one of the top "asset protection" attorneys in America.

In short, I learned that there are four simple investments you can make right now, which you DO NOT have to report to the U.S. government.

Don't get me wrong...

When and if you ever sell these things, years down the road, you are still required to pay taxes on your gains. But the great thing is, while you are holding these investments, so long as you play by the rules, neither you nor anyone else is required to report them to the government.

And this benefit should be obvious...

The less the government knows about where you have your money, the better. They will simply have a very hard time taking what they don't know you have.

I am personally putting a fairly significant portion of my portfolio into one of these assets. And I plan to hold it for a long time. No matter what happens, I know I'll have a significant amount of money that is beyond the government's grasp.

I'm not going to tell you exactly what I'm doing here in this letter, but I will explain everything in full detail in my new report, called: The 4 Investment Assets You Do NOT Have to Report to the U.S. Government. And I will gladly give you access to a copy, free of charge.

In addition to explaining how I'm protecting my own money, I'll show you three other places you can put your money, which you legally do not have to report to the U.S. government.

Of course, normally it would cost you thousands of dollars to meet with my asset protection attorney, and to take advantage of his best strategies. But I'll reveal everything you need to know to get started in this report. Plus, I'd like to send you information on...

What I'm talking about here is buying as much gold and silver as you can reasonably afford. I know... gold has had a huge run, jumping more than 300% in the past decade.

And after 12 years of going straight up, gold is finally having a correction. This is completely normal. And it's going to give you a great opportunity to buy gold at prices not seen in years.

Believe me, when the U.S. dollar loses its status as the world's reserve currency, this early run and the current correction are going to be mere afterthoughts.

I will be surprised if gold does not reach $5,000 an ounce or $6,000 an ounce in the next few years.

The smartest money managers in the world, people like George Soros, David Einhorn, and John Paulson, have all recently taken huge positions in gold.

Even Bill Gross, the "bond king," who is one of the richest men in the world and over the past 20 years has become one of the world's top bond experts, is now recommending buying gold.

And I think you are crazy to not do the same.

How should you do it?

There are many, many options. And that's why my research firm has recently published a great report, called The Gold Investor's Manual, which details all of the best ways to own and hold gold bullion.

In this report, we reveal dozens of secrets about the gold industry... specifically the best ways to buy, sell, and store your gold. It explains why some gold coins are better than others. How to buy gold with ZERO dealer markup. How to easily and safely store some of your gold overseas, very cheaply... where to hide it... and so much more.

Not regularly available for sale, this book is valued at $24. I'd like to give you instant access to a copy, totally free of charge.

And what about silver?

Well, I believe silver will serve a unique role during this currency crisis.

Let me explain...

For most of recorded history, the price of gold has been around 16 times the price of silver. This ratio - the so-called "silver ratio" - has fluctuated from time to time based on silver discoveries and attempts by governments to regulate the silver-to-gold ratio.

But... in a free market, where demand for silver as money exists, I'd expect the natural supply and demand balance to lead to a silver price around 1/16 times the price of gold.

It's not, of course. Today, silver is selling for more than 50-times the price of gold.

What explains the difference between hundreds of years of history and today? Why is silver still so cheap relative to gold?

When silver is "demonetized," as it is now (meaning it's not being used for money, but just for industrial purposes), supplies soar as people sell silver for gold and other currencies.

On the other hand, during periods of monetary crisis, demand for silver as money pushes the silver ratio heavily in silver's favor.

For example, the ratio returned to its historic range of (16to 1) during World War I. It happened again in the early 1970s, when Nixon abandoned the gold standard. It also happened most famously in 1979-1980, when it seemed as if America was really entering a serious money crisis.

I believe the gold to silver ratio will get much closer to 16 to 1 in the next few years. As a result, silver owners will make a heck of a lot of money.

As the dollar fails, silver will once again be in demand as money.

And as this demand materializes, the free market price of silver will likely return to around 1/16 the price of gold. When gold hits $2,000 an ounce, and assuming the price of gold is 16 times the price of silver, silver should be worth about $125. My multimillionaire friend and currency expert, Chris Weber, believes silver will likely hit $187 an ounce.

If that happens, you could make gains of over 800% if you invest at today's prices.

Plus, most people don't know this, but silver has soared higher than gold over the past decade... from the middle of 2003 to today. While gold is up more than 250% during this time, silver is up nearly 330% during the same period.

In short, silver is the best hedge against a money crisis. And you want to own as much as possible, as cheaply as possible.

So what are the best ways to buy silver?

Well, my firm has done a ton of research on this precious metal. We have found great ways to hold the metal personally... to have it stored in a secure location in the United States or overseas... and more.

Though you'll always be able to keep the initial cash you extract from the market, there is a chance you will be required to purchase the underlying stock, at a price less favorable than its current market value.

So please understand, there is risk involved with this strategy, and it probably won't be right for everyone.

But this can be such a sound market strategy, especially in times of financial uncertainty, that once you learn how it works, you might decide to never invest the old-fashioned way again.

That's why I call this the 100% Secret.

For example, look at how it has worked for a few of the folks I taught this secret to in recent years...

Peter K. of Boise, ID began using this strategy. He says he now makes an average of $10,000 per month.

And Randy B. of Annapolis, MD told me he's made over $87,500 with this technique.

Bernard H. of Carmel, IN, now collects an average of $100 a day.

Another, Harold W. of New Brunswick, NJ, has made over $20,000.

Tim H. from Sacramento probably put it best when he wrote me and said: "This has saved my portfolio."

That's why financial author Lee Lowell writes: "I've been a professional trader for 17 years... but many people have never heard of a [this investment], let alone used this strategy. This is a great way to get your hands on instant cash."

Pulitzer Prize winning author James Stewart learned this technique recently and said: "[These payouts] are so rich I consulted a colleague to make sure they were real."

This seldom-understood strategy is how we've helped dozens of people make incredible gains, even in a terrible stock market. And in all likelihood, when the stock market gets really bad, as I expect it soon will, this will be incredibly lucrative and a safe strategy.

Everything you need to know is in my new report called: The 100% Secret - The Easiest Way to Make Money When Stocks are Risky.

I'll explain exactly how this investment strategy works so you can decide if it's something that might be right for you. And I'll show you how you could begin to take advantage of it, starting immediately.

Believe me, this is something you want to learn about now. Because as the stock market begins to unravel, this incredible technique will likely get more and more lucrative.

There's no telling exactly how bad things are going to get as this crisis unfolds.

I firmly believe there could be riots, marches in the streets, bank runs, massive arrests, and periods of uncontrollable mayhem... at least for several months as things begin to unravel.

But the good news is, there is one asset you can own (now widely available in America), which should help protect you and your family from this chaos... and could also likely make you a fortune in the years to come.

I'm not talking about guns or bonds or gold or other precious metals... or anything like that. And of course this has absolutely nothing to do with the stock market.

What I'm talking about is a very powerful asset that wealthy families have used for centuries to protect themselves... and preserve and build their fortunes.

An index tracking this asset has absolutely crushed the stock market. Since 1992, it's returned well over 900% gains.

Best of all, it provided these gains with almost no volatility. Just look at the chart below.

Multimillionaire investor Barton Biggs wrote that this type of asset, throughout history, "protected both your wealth and your life."

During World War II, for example, when millions of families lost their entire life savings through inflation or government seizure, this was the one asset that enabled some families to protect, preserve, and grow their money.

What the average American doesn't realize is that many of the richest people in the United States have a significant ownership stake in this asset: The Walton family (of Wal-Mart fame), Bill Gates, Ted Turner, the Hilton family, Charles Schwab, Microsoft billionaire Paul Allen, the Hunt family (of Texas oil fame), the Hearst family, the Ford family, and more.

As I mentioned, you can easily make this investment today, here in America. Probably less than 1% of the population owns it today... but it is readily available, and fairly inexpensive.

We have a staff of about 100 people, and our main objective is to find safe and profitable investment ideas that you are not likely to hear about anywhere else.

Then there was the nice note from Mitchell D., from Ithaca, New York. He said: "I was working long hours with overtime to make a living when I joined you. The excellent results have allowed me to retire early."

Believe me, nothing makes me feel better than receiving notes like these.

But I have to tell you, right now, I am really worried that a lot of our subscribers and many, many hard-working Americans are going to get caught totally by surprise when this crisis escalates.

People have watched the stock market rebound to the same levels it fell from in 2008 and 2009. They've watched real estate prices start to creep back up. And they mistakenly think the worst is behind us... when in reality all that's been done is to pile on more debt.

We've basically "papered over" our debt problems with more debt.

Can you imagine if your family was in debt and you decided to solve the problem by simply borrowing more and more money?

We all know that would be a disaster for a family-yet many supposedly smart people think it could actually work for a country.

The sad truth is, it can work only as long as the rest of the world is willing to accumulate more and more U.S. dollars... and only as long as the U.S. dollar remains the world's reserve currency.

As we've seen, on both counts, those days are very quickly coming to an end.

Even with all that has happened in recent times... the downgrade of the U.S. government by Standard & Poor's... the spike in gold and silver prices... the calls for a new world currency... many Americans STILL aren't taking the steps necessary to prepare themselves. These folks are going to be in for a very rude awakening.

I sincerely hope you are not one of them.

That's why I created this letter, and that's why I'd like to send you the full details on exactly how I believe this is all going to unfold... and exactly how to protect yourself and even prosper during these once-in-a-lifetime events.

Think about this: If the government couldn't rescue one small city after a natural disaster in New Orleans, how is it going to save all of us when the entire country is in a crisis?

You can either let things happen to you... or you can take a few simple steps and take charge of your family's fate.

You know, it's funny, when we began writing about the looming collapse of the bond market and the risks to the U.S. dollar, a lot of people called us "right-wing nut jobs" or "gold bugs."

Conclusion: More of the same doomsday nonsence but worth investing in SKF.

Disclosure: The author is long SKF.