Dollar Panic Approaching: Take Action Immediately

Dear Subscribers,

Gold just broke through my target of $1,000 an ounce and Oil is now trading at $110 a barrel and looking as if it may move much higher, despite the fact inventories worldwide have been rising.

Financial analysts around the world are focusing on the fact that these big moves in energy, precious metals and commodities are many times greater than the 20% downward thrust in the value of the dollar these past months and insist these moves in commodities, energy and precious metals is a short term spike.

They're 100% wrong!

The falling dollar is only one symptom of a much greater problem and the explosive price moves in these 'hard assets" will be only one of the consequences we will face thanks to these four problems that are not going away any time soon ...

• Spending $25 billion a month in Iraq and Afghanistan.
• Allowing mortgage lenders to leverage hundreds of billions in high risk loans.
• Not policing the derivatives markets
• Allowing earmark spending to balloon into over a Trillion dollars in pork barrel spending.

While the both parties in Washington seem to be heading towards a one year suspension of ear mark spending — it amounts to an election year stunt. Cutting interest rates hasn't made one iota of difference to borrows as rates on long term mortgages have not declined and getting a mortgage these days thanks to the liquidity crisis is extremely difficult as banks are discounting home valuations by as much as 70%. The derivatives market is a mess. No one is quite sure how many banks and financial institutions are in trouble but it's thought to be as much as $600 billion in front end loses and as much as $1 trillion thanks to the derivatives market.

Citibank could go bust. The wealthy sovereign investment funds have already come out and said they can't save Citibank. Despite Bear Stearns denials of liquidity problems all you have to do to understand how deeply in peril that company finds itself in — is just look at its business model. A mortgage meltdown and credit crises is a doomsday scenario for Bear Stearns.

Dollar Panic — Gold $2500 an ounce —

Don't Get Caught Without Gold!

I believe we may be on the verge of seeing a series of bank and financial institution failures which will in turn trigger the next leg of this financial crisis -- a full dollar panic. In my SuperStock Investor I recommend shorting Bear Sterns yesterday. They'll likely be merged into another company but make no mistake about it — they're in deep trouble.

The fact is: we have not seen this kind of danger here in the U.S financial markets since the late 1920's. We've not seen the threat of massive stagflation like this since the 1970's. Should Wall Street's big banking and financial institutions start failing or forced in to mergers via crises — the dollar is toast. Forget about $7 gasoline, $3 McDonalds Regular Hamburgers and instead start thinking about adding one zero to everything you buy....Gasoline now $3.85 will be US$38.50, McDonalds Regular Hamburgers now .79 each soon US$7.90...this dollar panic will produce a devaluation that will resemble the  worst South American devaluations of the 1970's. It's going to be a mess.

Anyone not holding gold or physical precious metals is going to be seriously impoverished.

I don't want that to happen to you. So please call my offices ASAP 1-866-697-GOLD (4653) ext. 1406 and we'll share with you the 3 best gold, silver and platinum investments. The danger is so great, the time is short. Don't get caught in this coming Dollar Panic.

Best Wishes,

James DiGeorgia

Editor