Posted on 29 December 2008.
Are We 33 Months From Real Economic Disaster?
Dear International Friend,
Many investors worry about the current economic downturn…yet there is a destructive investment fundamental that is now so powerful it overwhelms all other factors that affect investing. It has such power it could destroy most investors in North America and make the current recession pale in comparison. The frightening part is it could unleash its destruction as soon as October 2011! I want to share what, when and when this disaster could happen.
Then I want to share how you can make a fortune from NOW THROUGH 2012 and during this crash.
Before I explain how you can reap profits never before imagined and sidestep the upcoming disaster that will wipe out so many investors…..we need to look at some facts.
These are facts, figures and statistics that will truly horrify anyone who even keeps a modest checkbook. The figures give rise to such great concern that we can see the horrible predicament into which we are being led.
Let me prepare you by assuring you that every economic crash is simply a shifting of fortunes. Just as the depression of the 1930s created many millionaires, so will this crash. Once you understand the problems, you can find easy ways to protect against them and become one of those who are enriched rather than ruined during the transition.
Part of this debacle will come because the US dollar is now near a major fall…in fact an unprecedented crash is a better term what will happen to the dollar. We now know, having seen the Dow fall 50% in a year, that US institutions are not invincible from unparalleled drops.
There may be ups for the US Dollar. For every period of a rising dollar, there will be longer periods when dollars fall. For every upward move, there will be an ever greater fall, Each rising will be weaker and shorter, each fall, longer and deeper.
In this knowledge lies a fortune! Here is why this fact is so sure.
In 1964, the year Lyndon Johnson became president, the total national debt was $316 billion. By the time, Ronald Reagan left office that debt had climbed to $2.6 trillion. The interest cost alone was $214 billion. By 1990 the debt had risen to $3.2 trillion and interest costs for just the one year were $242.9 billion. Interest was the largest single government cost after Social Security, even greater than defense spending. That was when the economic problem began as US debt moved towards a precipice where recovery becomes impossible.
Flash forward 18 years and read this excerpt from a December 2008 Washington Post article.
“President Bush has nearly doubled the national debt during his eight years in the White House. Mr. Bush is on track to add $5 trillion to the $5.73 trillion national debt he inherited when he took office. According to Treasury Department data, the number was $10.66 trillion at the end of November, and it has been rising at an astronomical rate.”
That’s bad enough…but the future gets worse as the article says that during fiscal 2008, which ended Sept. 30, 2008 the national debt increased by more than $1 trillion, breaking the previous fiscal year record of more than $600 billion.
The government’s debt situation is about to get worse as the Post outlines that
Federal debt should increase by $2 trillion in fiscal year 2009 alone!
Given an average interest rate of 4 percent, that $5 trillion of extra debt requires extra $200 billion per year from taxpayers in interest on that debt – in perpetuity.
The Post article points out, “During October, the first month of fiscal 2009, the national debt increased by a staggering $549 billion. That was approximately three-quarters of $1 billion every hour of every day, or more than $12 million per minute and more than $200,000 per second.”
This is a lot of debt even for America’s 14 trillion a year economy.
Then the news gets worse.
Excerpts from an August 2008 US News & World report says: “Welcome to America’s $2 Trillion Budget Deficit. Barack Obama has already said that America’s ‘investment deficit’ will take priority over its budget deficit.
A rough estimate of the cost of this New New Deal would be close to $500 billion a year, maybe $775 billion if Uncle Sam is to completely offset the drop in consumer spending predicted by Rosenberg. Now, as it is, the government is expected to run a $500 billion deficit next year. So the S&S plan would put that budget deficit at over $1 trillion. And if you tack on a potential $500 billion to $1 trillion bailout of the banking industry, that $1 trillion deficit could conceivably double to $2 trillion.
But a $2 trillion budget deficit would be, like, 15 percent of GDP. That would be the highest level since World War II and more than twice as high as the postwar peak of 6 percent in 1983.
I can’t believe the global bond and currency market vigilantes wouldn’t completely freak, sending U.S. financial markets into chaos. Talk about a worst—though entirely possible—case scenario.
How much worse could the situation get… a one year deficit that is 15% of Americas fourteen trillion dollar a year economy?
The answer is much worse…in fact five times worse… because…
all of these government estimates are skewed.
If US debt is now 10 trillion and Obama’s administration borrows 2 billion more in 2009, that makes the debt look like 12 trillion.
Yet according to excerpts a USA Today article, “Taxpayers on the hook for $59 trillion” by Dennis Cauchon. The federal government’s debt is five times worse if corporate-style accounting standards are used.
The article says: “Modern accounting requires that corporations, state governments and local governments count expenses immediately when a transaction occurs, even if the payment will be made later.
“The federal government does not follow the rule, so promises for Social Security and Medicare don’t show up when the government reports its financial condition.
“Bottom line: Taxpayers are now on the hook for a record $59.1 trillion in liabilities, a 2.3% increase from 2006. That amount is equal to $516,348 for every U.S. household.”
With such fundamentals, it is hard to be anything but pessimistic about the US dollar. This is why, with the information I am about to share, you can reap profits again and again.
Take for example the financial power that comes from understanding the value of the US dollar to the Japanese yen.
Despite the crash of 2008, long term investors in the US stock market have done well. January 1, 1982, the Dow Jones Industrial Average was 896. January 1, 2009 it was 8,515. That is a rise of 9.5 times in 26 years or about 36% (9% compounded) return a year…even after the 2008 crash! $10,000 invested has grown to $95,000.
So, it seems.
Now, let’s look at the yen. During the first half of the 1980s, the yen failed to rise in value even though current account surpluses returned and grew quickly. From ¥221 in 1981, the average value of the yen actually dropped to ¥239 in 1985.
When the Dow was 896, a US dollar bought 230 yen.
Today, 26 years later, January 1, 2009, a dollar buys about 90 yen. Imagine this. 2,300,000 yen purchased $10,000 in 1982 which grew to $95,000. The $95,000 buys 8,550,000 yen.
The excellent Dow profit looks downright lousy, an increase of only 3.7 times in 26 years. 61% percent of all the Dow profit in the last 26 years has been lost due to US dollar erosion. And the dollar’s fall will grow worse!
This is powerful profit knowledge…IF…you know what to.
US government debt has passed the short term point of no return. Three bold steps were needed two decades ago, a reduction of entitlement costs (Social Security, Medicare, Medicaid, etc.), reduced defense spending and a reduction of the existing debt. The government moved in the opposite direction… in all three cases.
There are many ill omens as our new government still does not take this incredible problem seriously. The proposed new plans might cost trillions more. These are trillions that the US government does not have. Nor are we likely to see any increases in tax revenues during the current economic downturn.
America must borrow to spend and the deeper the US debt, the greater the dollar’s fall.
The government’s refusal to create a plan to balance the budget shows no solution is in sight. It is menacing to see how the government plans to spend more now.
The US Treasury only has 33 months left before a tsunami of expense rushes over the government. By the time (if ever) the government finally recognizes this problem, for most investors, it will be too late. If it takes a terrible crash of the US dollar to finally wake the government, it could wipe out millions of families’ saving, capital and spending power in the process.
All these facts are omens of ill winds ahead. There are already tens of millions of Americans who have been financially wiped out….but the worst has not even begun.
We will see hyper inflation, massive unemployment and a free fall of the greenback that will affect currencies and investing everywhere. This crash will make the current downturn…even the last great 1930s depression look like a Sunday picnic.
You do not have to be alarmed because the resolution which I am about to share is so simple, anyone can act and can prepare for this disaster without inconvenience or trouble.
You do not have to participate in the great fall of the US dollar. All you have to do is learn how to be a multi currency investor.
The time for international investing is right. Global diversification has already created fortunes for a few sophisticated investors because this obvious problem of the US government debt actually makes it easier to make money, if you know how to invest abroad.
Let me explain why big problems can mean big profits, then let me explain why no one has been around to tell you how to invest abroad but why there is not a solution that can make multi currency investing totally easy for you.
First, let’s look at the big problem. It’s a sad reality that US government debt has actually been ruining US investments for over 40 years. The big bankruptcy that’s coming is just the end. The bankruptcy really started in 1971 and has been building steadily since.
Until 1971 the US dollar was the kingpin currency for the world. Then it was “temporarily” suspended from the gold standard. This “temporary” move, like our debt today, was ignored by the government. Since that time (the dollar was never reinstated to the gold standard), the buck has fallen and fallen. Though you may have read about a strong dollar lately, the reality of the greenback’s slide continues.
Don’t get me wrong, the dollar has not dropped every day. It has enjoyed some short term rises over the past 37 years, but to see the real picture all you have to do is look at the dollar’s value in any major currency in 1971 and then look at its value today.
In 1972 for example the US $ was worth over 4.25 Swiss francs, 4.00 German marks and nearly 400 Japanese yen. Today, as you can see from the yahoo.the same dollar has dropped as low as 1 dollar per Swiss franc, .65 euro (related to the German mark) and only 90 yen. In other words, if you had $10,000 in 1971, it was worth about 4,000,000 yen. If you invested those dollars safely clear back in the 1970s and earned a 4% compound return, by 2008 those dollars were worth over $40,000. You might well feel the investment had gone well.
The sad truth is those $40,000 are now worth only 3,800,000 yen! All US dollar investments have lost over 4% compounded each and every year for the past 22 years. Your 4% return was a real loss by hard currency standards, but this loss has been hidden and the real facts about your wealth have been kept from you.
On the other hand, had you invested in Japan, Switzerland, Germany or most other major currencies, your investment would have tripled or quadrupled in dollar terms even before you started making profits!
There is another fact that is even more spectacular. Most stock and bond markets abroad (in addition to the currency gains) have been better than in the US.
For example had you invested in the Dow in 1978, the ow was standing at 865. Today, mid December 2008 is is 8,500. $10,000 invested in the Dow in 1978 would have grown to about $100,000…even after the global stock market crash.
If instead you had invested $10,000 in an investment as simple as the Templeton World Fund which started in 1978 and invests in stock markets al over the world, the $10,000…after the 2008 global crash…is still worth $352,080.
Look at the performance of bond markets as well.
Right now you receive 1.96% on the U.S. Treasury bonds that mature 2013.
Yet good quality Danish bonds of about the same term pay 4.53% in Danish kroner.
Norwegian kroner bonds pay 3.70%
Swedish government bonds pay 2.74%
British Treasury bonds pay 3.18%
Mexican Government US dollar bonds 5.10%
Peru Government US dollar bonds 7.57%
South African bonds in euro pay 8.61%
Indonesian bonds in US dollars pay 11.57%
Hungarian Government Florin bonds 12.35%
Brazilian Government Real bonds 14.78%
Plus all of the currencies above (though depressed lately) have appreciated as much as 50% versus the dollar in recent years.
These statistics show how US government debt has invisibly, but relentlessly, destroyed the value of our investments in North America. These statics come from my multi currency investment course, that can help you prosper even though the US dollar falls.
I’ll explain the course but first let me explain why, even though the US dollar has fallen so dramatically over the past 37 years, no one has been knocking on your door to tell you how to invest abroad.
It is the very weakness of the US dollar that has stopped North American banks, brokers and other financial institutions from telling you about the problem. These facts have been hidden from you because they have been afraid if US investors knew how bad the dollar has been that no one would deal with them. They have, short and simple, been afraid of losing business.
Now let me tell you about this simple easy-to-use investment course called Multi Currency Investing (MCI) and how you can have it on a no risk basis.
First, let me explain that the course is designed for anyone. It is even for those who have never invested abroad, even if they are small investors with only a few thousand or a small amount to invest monthly. MCI explains how investments can be made overseas for small amounts. It even explains how to invest out of the US dollar right her in the US and never leave your home of office.
However, MCI also gives sophisticated information that you might not know even if you have been investing all over the world. Some of my readers and course delegates are billionaires who own dozens of companies and invest all over the world!
Sleepy, Safe Portfolios Can Earn Over 100% Per Year
Multi currency investing does not require any fast trading techniques. Multi currency portfolios are normally slow and sleepy investments…not currency contracts or futures speculations. Most multi currency positions are aimed with a five year horizon…pretty sleepy compared to people who trade currencies (an entirely different and far riskier technique). For most of us, slow and sleepy mean SAFE!
Yet multi currency portfolios can be really profitable as well.
How sleepy and how safe?
Let’s look first at sleepy.
In 2006 we created an Asian multi currency portfolio consisting of just five award winning mutual funds.
We did not touch the entire portfolio for an entire year. Then after one year we made just five changes…dropping two mutual funds and adding three other mutual funds. Then we did not make another single change. That’s pretty sleepy, choosing a handful of mutual funds and making only five changes in two years.
Okay. Here is the big question. How profitable?
In the first year (2006) this portfolio rose 114.16%. Then we made the five changes mentioned (two funds dropped and three added). In 2007 this portfolio rose 122.62%. 2008 was a disaster year and the portfolio lost 79%. But when your portfolio is up over 236% in two years, it takes a lot of disaster to lose…so this portfolio is well ahead even after the great 2008 crash.
Year one up 114%
Year two up 122%
Year three down 79%
Total in three years…up 157% or an average of over 52% per annum for three years…even after the 2008 crash.
May I hasten to add that the portfolios published in the portfolio are not published recommendations. These are portfolios we study to learn why they rise or fall. More on this in a moment.
First let’s examine safety. How safe?
The portfolios were chosen with the help of one of the world’s safest banks and the mutual funds were all subsidiaries of that bank.
That safe bank is a Danish bank. That’s good because in recent years Denmark has been rated by Standard & Poor’s as one of the safest country in the world in which to bank.
The bank is Jyske Bank…well established with a history of over 100 years. Jyske is Denmark ’s second largest bank, with 450,000 clients in Denmark and over 30,000 abroad.
Jyske Bank has over 23 billion euros in assets and also happens to be one of the leading currency traders in the world. The Danes have always been big currency traders because as a small naval country surrounded by England, Sweden, Finland, Russia, Germany, Norway and other countries…they have always had to deal in many currencies.
This historically gained expertise means that unlike most banks (that trade only eight hours a day) Jyske maintains a 24 hour global currency and commodity dealer service. Many other large banks use Jyske to handle their off hour currency positions. This means that Jyske is huge when it comes to multi currency activity. In fact their turnover reaches $50 billion dollars a day.
Let’s address this issue of safety in more detail. Normally this is a pretty moot point. Right now everyone is concerned. Is a bank safe or not? I like Jyske from a bank safety point of view because there are three bank safety points, from the top down.
Bank Safety Point #1: A recent Yahoo Canada article shows a survey by the World Economic Forum listed five safest countries in which to bank.
So Denmark is a safe place to bank. Now let’s look at Jyske Bank’s safety rating.
Bank Safety Point #2: Jyske Bank is Denmark’s second largest bank.
On October 10 2008, Moody’s affirmed Jyske Bank’s long-term Aa2 rating stable rating. This decision came despite the deteriorated economic prospects in Denmark, particularly in respect of the property market.
Bank Safety Point #3: Also on Friday 10 October 2008, the Danish Parliament passed a bill that secured all deposits and unsecured claims against losses in Danish financial institutions. The rating of the Kingdom of Denmark is Aaa/AAA with Moody’s and Standard & Poor’s respectively.
These are common sense bankers. They had minimal sub prime exposure when that scandal broke. Jyske had zero Madoff exposure.
I happen to know Jyske Bank because I began using them (as my bank) over 20 years ago. They are one of the few banks that offers a special multi currency portfolio service for investors from almost anywhere in the world…including US investors through their Jyske Global Asset Management.
I was one of the first writers and publishers to begin writing about multi currency investing. Jyske bank was one of the first banks to offer a multi currency portfolio service…and they were my bank.
Not surprising we got together and have created a symbiotic relationship that can help you learn how to create multi currency portfolios that suit you. Jyske Bank assists by providing information that only a huge global bank trading 50 billion dollars of currencies and contracts a day (as Jyske does) can afford. My symbiotic relationship with Jyske allows me to combine my experience with this bank’s incredible knowledge, real time information capability and expertise so you learn in a most practical way from some of the greatest multi currency experts in the world.
Now let’s look at both the up and down side of these high performing portfolios and how they work?
The goal of MCI is not to recommend investments for you, but to help you learn how to be a multi currency investor so you are better at directing your broker, banker or investment advisor.
To accomplish this goal, the course provides three levels of education.
Part one of MCI is an extensive beginner’s guide to developing multi currency portfolios. This entire primer is sent to you when you begin the course. This portion of the course takes nothing for granted and walks you step by step through every part of international investing.
Take, one of the primer lessons as an example. It explains theory on some of the reasons why currencies move, but taking nothing for granted it also explains what the currencies of the world are and gives their history, so before you learn why the euro doubled versus the US dollar, you get to know these currencies and the their underlying fundamentals.
Another lesson in the primer gives case studies that are real examples of how the theory has been put to use in the past. This lesson covers theory on why currencies move and how to spot the hot currencies months ahead of time. Then it gets down to brass tacks and explains how to open bank accounts overseas to hold the hot currencies…or even how to invest abroad through US banks and brokers.
Everything about how to bank abroad and hold the currencies is covered. How to open accounts, how to send money abroad all the laws relating to overseas accounts, taxation, etc. plus the most important part, which is how to spend the money when you need it from overseas accounts.
Then the course gives a real, live case study that show how the theory works in reality. It tells about an investor who opened an account, got a checkbook and credit card and how he used them both and held several currencies for higher returns that he gained with US dollars.
Finally you also get valuable contacts in the course. These are vitally important. There are names and addresses of institutions and source of information you can use to turn your knowledge into action!
Here is the syllabus of the primer you will receive in MCI.
* Why Currencies Move.
* How to Bank Abroad.
* How to Buy Stocks and Bonds Overseas.
* How to Choose Currencies.
* Why Currencies Rise and Fall.
* How to Borrow Low and Deposit High.
* How to Buy Mutual Funds That Invest Abroad.
* ETFS. Why They are Often Better Than Managed Funds.
* How to Find Bonds that are Like and Often Better than Shares
* How and When to Capture Recoveries.
* Global Portfolio Diversification Theory.
* When Leveraged Low Risk Portfolios Are Safer and Perform Better Than High Risk Portfolios.
The primer deals with the past…but as we so vividly saw in 2008…markets are always in a state of change so…
Part two studies global markets in real time. Your MCI course comes in regular emailed lessons usually emailed every two or three days. Though at times you’ll get a lesson every day for many days in a row. Other times nothing will come for a week because these lessons are based on real time market activity. MCI studies currencies and global investment markets and reports to you on their value and why that value occurs.
This portion of the course studies the current performance of portfolios that Jyske bank creates…plus examines the portfolios of several globally diversified mutual funds….for both small and large investors. This portion of your course gives you an overall, up-to-date understanding of market and currency moves.
Part three of MCI shares my portfolio and where I invest. This is an unusual feature…so let me explain why MCI regularly reviews my personal investment portfolio and how this can be of value to your investing.
First this is honest.nd we have fund that for us…honesty pays.
As we recently learned from the Madoff scam…investors must always be on guard. This is our 41st year of educating about international investing. This is all we do and our great long term success has been based on placing our readers ahead of all other considerations. We do not sell investments. We do not give individual advice. We have no hidden agendas that could lead investments astray.
We want you to see and know what we are doing based on our own advice so you can trust the data we share. Otherwise the lessons do little good. You the reader are the only way we earn. We do not receive commissions…or any form of remuneration for selling shares or accounts etc. We hope to work with you for life…rather than make some type of quick killing by advising you to invest in something we d not really believe in.
We feel that by letting you know how we actually invest helps accomplish this long term bond.
This is vital because we often invest exactly the opposite of the market.
Take for example the five 2007 portfolios we studied in MCI:
Portfolios 12 Month Rise
Swiss Samba 53.32%
Emerging Mkt 122.62%
Dollar Short 48.19%
Dollar Neutral 38.67%
This is performance you will rarely see duplicated…anywhere…at any time.
Yet these were model portfolios…not meant to be yours….not meant to be mine. I do not invest in these portfolios because…they do not suit my lifestyle and my unique personal financial needs. One of the key lessons that MCI focuses on…again and again is “there is no perfect portfolio for you”… except one designed uniquely for you.
My portfolio is not perfect for you either…yet seeing “how” I adapt my portfolio to our virtual real time portfolio reviews can help you learn how to adapt your personal portfolio as well.
So even though our study portfolios were enjoying world class performance, exploding upwards like rockets, I was reducing leverage and getting out of markets. On August 17, 2007…well before the 2008 collapse began I posted the note in an MCI lesson on why I was getting out of leverage and equities.
“Such historical measures are so inexact that we cannot predict just from them what will happen in the short term. The numbers are close enough that we could be entering the fourth sub cycle down (similar to 1976 to 1978). If so expect a sustained drop in markets for two to three years.”
Even though the portfolios MCI studied continued to rise, I sent another danger lesson to the course on September 21, 2007. “Equity markets dropped again violently last month. Now these markets have recovered again. Yet this may be a last gasp party.”
I began increasingly concerned for myself and on October 14 sent this lesson “Periods of high performance are followed by times of low returns. We never know for sure when an upwards cycle will stall. Fundamentals look good for a bright 2008 in emerging and equity markets, but this can change quickly so to give our readers a better perspective, this year we are reducing leverage and adding a sixth portfolio with no leverage to study”.
The Oct. 15, 2007 lesson said: “Okay it’s time to turn the burner down and offered a “leverage dwindling” warning. On Oct. 26 I explained to readers that I had eliminated even my modest leverage and wrote: “There is a final reason I liquidated my leverage now…to lead by example. Too many readers are thinking that the dollar short or dollar neutral Portfolios are only up 38% or 48% for the year. When one thinks that way they could be headed for trouble, so I hope investors will follow my lead and take greater care with their leverage.”
I did not stop. The November 8, 2007 was a Black Friday interim message that warned again about all the points above and more.
This created one plain and simple fact. The 2008 stock market crash drop did not surprise those enrolled in MCI.
Right now at the end of 2008, I am adding leveraged bonds to my portfolio. Here is an excerpt from the December 28, 2008 MCI lesson:
There are many similarities between the US economy and the US government’s response to the downturn with Japan’s slowdown in the early 1990s and the Japanese government’s response then. Readers made fortunes borrowing yen as they may make fortunes borrowing dollars now.
Watch especially now for ways to borrow dollars at low rates for investing in high yield, short term dollar bonds like:
Currency Bond Yield
USD 9.125 19/05/2009 SOUTH AFRICA 6.04%
USD 10.25 17/06/2013 BRAZIL REP OF 6.24%
USD 8.25 31/03/2010 RUSSIA 5.93%
This type of bond has no currecny risk if leveraged in US dollars. Your only major risk is default.
Bonds denominated in euro are even more to my liking because they pay higher interest and have a potential forex gain if the dollar drops again verus the euro.
Yet our lessons are objective and provide warnings of risk as well. This type of leveraged investment also has a chance of loss if the dollar rises verus the euro. Do not borrow more than you can afford to lose!
There is even more yield potential in bonds denominated in euro.
EUR 5.75 02/07/2010 ROMANIA 10.81%
EUR 8.5 24/09/2012 BRAZIL REP OF 7.49%
EUR 5.25 16/05/2013 SOUTH AFRICA 8.61%
These three bonds yield an average 8.97%. They represent a diversification into Europe, Latin America and Africa. If you invest $100,000 and also invest another borrowed $100,000 at 4%, your total annual return is 13.94% before any forex gains or loss.
MCI provides you with bank contacts who lend in many currencies often at very low rates, to leverage investments.
Multi Currency Investing helps you enjoy the ultimate form of financial security.
From the very first lesson, you expand your knowledge about investing abroad. You gain contacts that can bring you solid profits and safety when most investors are being silently robbed blind by the steady deterioration of the US economy and the US dollar.
I want to give my readers an answer to relieve the anxiety they faced from this awesome dollar problem that I don’t think is going to get solved.
I originally started this course just for my readers. Tens of thousands enrolled and we have shared how to invest globally for deades.
Now due to the 2008 global economic crash, I am rewriting the entire course. This
crash has changed everything and I would like to share how to profit in 2009 with you.
Everyone needs to know how to have multi currency diversification. But in case this course does not help you, we provide a 30 day “completely satisfied or your money back” guarantee that we have offered our hundreds of thousands of readers for more than 20 years.
Our Multi Currency Educational Service is normally a mere $249 for a very long and educational year!
Won’t you share this exciting world of wealth accumulation with us and our readers around the world?
Subscribe here or see below how to join us in Ecuador or North Carolina and receive this course FREE.
P.S. As previously mentioned, the portfolios we tracked in 2007 had the following results:
Portfolios 12 Month Rise
Swiss Samba 53.32%
Emerging Mkt 122.62%
Dollar Short 48.19%
Dollar Neutral 38.67%
You can imagine performance like this attracted quite a bit of attention…and it did.
However these high returns were not the important benefit our readers gained.
MCI does not recommend nor manage portfolios. We did not suggest that readers invest in these portfolios. We created and tracked them because they were educational.
The courses is designed so you can work with your own investment manager to create your own multi currency portfolio that suits your own special, individual needs. The multi currency investment course is designed to help you learn how to manage your manager… nothing more. Yet this is a lot because Jyske Bank can provide a stable and safe institution for those who wish to employ a multi currency strategy.
The course will help you guide any investment adviser or investment manager who understands how to invest in more than one currency.
The course also helps you manage risk. The incredible portfolio performance above was achieved because the portfolios were leveraged using a tactic we call a multi currency sandwich. Investors borrow low and invest in yielding or growth portfolios. The portfolios used loans in Japanese yen and Swiss francs to magnify profits in good times.
Plus we learned how leverage pushes losses faster in bad times and that leverage can help recovery at the end of bad times as well.
Here is an interesting multi currency fact that provides us with a valuable investing idea. In 2009 we are tracking three Jyske portfolios.
Low Risk Multi Currency Portfolio invests in: Fixed Income 70%, Equities 20%, Alternatives 5%, Cash 5%.
Medium Risk Multi Currency Portfolio invests in: Fixed Income, 40%, Equities 50%, Alternatives 5%, Cash 5%.
High Risk Multi Currency Portfolio invests in: Fixed Income 10%, Equities 80%, Alternatives 5%, Cash 5%.
Our studies to date have shown that the low risk portfolio, with some leverage, can be safer and perform better than a non leveraged high risk portfolio.
MCI continually reviews these portfolios so we can earn real time from their performance.
Subscribe here or see below how to join us in Ecuador or North Carolina and receive this course FREE.
Here is what a few others from around the world have said about our services and reports on international investing.
“ Gary , I am a long time subscriber in various media, and while cleaning out my files today I found some old ‘Gary A. Scotts World Reports’. In particular, the April 1988 issue provided the info that made me over a million dollars. Just wanted to say a belated ‘thank you’ and please continue the excellent work. Warm regards,”
From an Unknown Reader
“Dear Gary, I would like to give thanks to you for introducing me to Jyske Bank two years ago.
“I have been a long-time client of Merrill Lynch, but am in the process of re-evaluating my relationship with the largest brokerage company in the world. My problem is that when I compare Merrill to Jyske, Jyske outshines Merrill (or other major U.S. brokerage firms) in most categories as follows:
“1) Even though Jyske is much smaller, it has a much more global perspective which is critical in an evermore global investment environment.
“2) In order to maximize their own individual revenue, the brokers at Merrill prefer to outsource the day-to-day management of their accounts to various fund managers and hence, ‘manage the managers’. In contrast, I can call my Account Manager at Jyske and he can discuss every aspect of my account in detail with me.
“3) I attribute this difference in #2 to the fact that Jyske’s employees are not compensation driven, but instead are focused on satisfying their customers. That is why Jyske’s clients stay with the Bank on average for 12 years, which is phenomenal by Wall Street standards.
“4) Jyske’s security is far more stringent than that of Merrill’s. In addition to the standard account code and password, to pass through Jyske’s security one has to enter a Key Card number and also a randomly-generated 4-digit number from said Key Card.
“5) Having an account offshore allows me to sleep better given the anxious times we live in. Since I report the existence of the account and pay all taxes due, I am fully compliant with the law. However, such an account gives me and my family a ‘financial life boat’ should events in our own country ever get out of hand.
“As Dorothy Parker once said, ‘You can lead a horse to water, but you can’t make them THINK’. Jyske is a thinking person’s bank. My only complaint is the time zone difference since I live in California . However, since I am an early riser and my Account Manager is very responsive to my emails, this problem is very small relative to the HUGE benefits.
“Again, many thanks for introducing me to Jyske Bank. Given the ‘dumbing down’ that occurs in the popular media today, your ezine and its recommendations are ever more important. Please continue your good work to enlighten your readership. Warm regards,”
C.M. CALIFORNIA Businessman
“I was so overwhelmed with information I received I had to spend several days reading, sorting and filing it! I have decided to move my modest investment capital overseas.”
B.W. MONTREAL CANADA Professor
“Send me your report on safe banks lending at 7% for redeposit at 13% or more.” B.V. ADDIS ABADA ETHIOPIA Economic Commission United Nations
“A number of new and significant contacts were made. It would be extremely helpful if you could supply us with WORLD REPORTS.” I.M. TORONTO , CANADA Banker
“You are as good as your word which is rare these days. I look forward to attending one of your seminars.” C.K. GENEVA , SWITZERLAND Banker
“In spite of my marketing experience, your information really got me going!” M. C. LONDON, ENGLAND Marketing Consultant
“Thanks for the three reports. They are very interesting and should find many readers here in Japan .” M.A. Tokyo , JAPAN Computer Programmer
“I would like to say how much I enjoyed the information I received.” A.B. Providenciales TURKS & CAICOS Accountant
“First let me say how much we enjoyed the investment seminar.” W.J. SAUDI ARABIA Oil Engineer
“Once again thanks for all the great information.” G.K. PERTH , AUSTRALIA Insurance Executive
“Your letter of November 8th warned me to beware of the market just a week before the 120 point crash on November 15th!” T.G. N. CAROLINA Pilot”
Yet global economics 2008 have changed everything. So I am now offering this course to a wider audience who have indicated their concern with the state of the US economy.
Before I make this offer to a wider audience however, I want to make a special December offer to you.
This course has been and is normally offered for $249.
To begin, I am reducing that price to $175…a savings of $74…yet there is much more because you can enjoy this course FREE.
You can enroll here…now and save $74
Here is how to receive this course FREE.
In 2009 I will work with Jyske Bank to conduct four courses about how to be a multi currency investor.
Two of these courses will be conducted in Ecuador
February 13 -15 and Nov. 6 to 8, 2009
The other two courses will be conducted in North Carolina.
July 24-26 and Oct. 9-11, 2009
Simply sign up for any of the four courses above and you receive the Multi Currency Course in 2009 FREE.