Peter Coyne, seeking investment shelter from D.C.’s crooks and mobsters....
"Here's how McCain's tweet should have read:" writes one reader,
referencing John McCain's photo in yesterday's episode. Recall he was
caught playing poker during the committee hearing on the pending Syrian
strike.
"Scandal! Caught playing iPhone game at hearing debating whether or not
to launch a strike that will likely kill thousands of people fighting
against al-Qaida, possibly starting WWIII and borrowing more money to do
it. LOL!"
C'mon… His hands were tied. We all know John would've sent a more
forthright tweet if it weren't for Twitter's 140-character limit...
OK, truth is the 140-character element of Twitter is a politician's
godsend. It's a short, sweet and completely deceptive way to
communicate. The perfect tool for pulling a mob job on America, just
like the one our own Chris Mayer detailed for you yesterday.
Oh, that reminds us…
"A
deal's a deal," writes Chris this morning. We're happy to report that
we crossed over our petition's 1,500-signature threshold early this
morning. Now Chris will share what we believe is the safest way you can
build wealth. He's agreed to unlock your access to the "Chaffee Royalty
Program."
Now, here's the important part…
To
access these four royalty plays, you need to be in your seats tomorrow
morning at 9:30 a.m. You'll receive an email with the subject line, "The Chaffee Royalty Program, Revealed."
If
you want the first crack at Chris' "Chaffee Royalty Program" that has
turned every $1 invested into $50… keep your eyes peeled for that email tomorrow morning at 9:30 a.m. Inside you'll find the full details of how to get started with Chris' royalty plays right away.
In
anticipation, Chris makes the "Case for Royalties" in today's episode.
Given, the choppy waters the markets are sailing into the next few
weeks, his analysis couldn't be more timely. More on that below…
Back to what we were writing about...
"I
think Chris Mayer missed something in yesterday's mob job essay,"
writes one reader. "The Fed is the biggest mob job in the history of the
world. We all live in a debtors' prison. We work so that the super-rich
people can live high on the hog. The Federal Reserve System is set up
-- probably not intentionally -- so the amount of money in circulation
is controlled by the very few…"
We would add that they try their best
to control the money in circulation… Carla Salazar reported in The
Huffington Post this morning that Peruvian teenagers seem to be cutting
in on the action.
A
13-year-old Peruvian boy was arrested after being found with a sack of
$700,000 in counterfeit bills. He was able to show police how it was
done. Peru is now the No. 1 dollar counterfeiter. $103 million in
counterfeit bills has been confiscated in Peru in the last 10 years.
Fifty percent of that has been since 2010.
"Counterfeiters earn up to $20,000 in real currency for every $100,000
in false bills they produce, after expenses," HuffPo quotes an
investigator from Peru's fraud division saying. In one week,
counterfeiters are able to produce $600,000 worth of bills.
$120,000 profit for a week's work? We'd say Peruvians have a case for
counterfeiting.
There's a three-step process: Computer design, stamp etching and
applying varnish. Then they're given texture and sanded. Add a Peruvian
homespun touch -- using syringes, needles and glue to put security
strips on bills -- and poof, you've got a greenback.
Chalk it up to cheap labor… We think it's a riot that even America's
specialty export, the U.S. dollar, is being "made in Peru." And we can
safely assume that the counterfeiters won't be "tapering" anytime soon…
The Fed's a different story.
We
have two weeks till we find out if taper talk is for naught. The Fed's
latest Beige Book for the upcoming FOMC meeting Sept. 17-18 rehashed
stale points. Consumer spending is up. Growth is "moderate" or "modest."
Inflation is still low, and the employment situation is still lagging.
"Let's put these clues together," writes Chris Mayer in today's episode
of The Daily Reckoning. "We have another fiscal crisis imminent
with a looming debt ceiling drama. We have a Federal Reserve that is
already doing a huge and unsustainable amount of 'stimulus' buying. And
we have an economy far weaker than it's been in a more than a decade
despite the bluster over GDP."
And he forgot to mention Syria…
Where's an investor to put his money? Despite the cash being made in
Peru, we don't recommend counterfeiting. Instead, you should consider
what we've been talking about all week: royalties.
The Daily Reckoning
I have always looked upon my experiences here in Ecuador as nothing short of an adventure.....a "re-conquest". You will find that this Blog not only offers information on how to live, invest or simply visit Ecuador (rated the number one retirement heaven by International Living magazine for 2011) but also informative information and articles on how to survive in this fast changing and volatile World we live in. Your comments are welcome! colonialquito@yahoo.com
El Conquistqdor Francisco de Orellana
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