Bernake-Bush bail-out of rash lenders
may turn dollar into monopoly money

“We’ll throw billions ... tens of billions ... even hundreds of billions of newly-printed paper dollars at this crisis if that’s what it takes to bail out irresponsible borrowers and lenders.” — MDW translation of Bushspeak.

By Martin D. Weiss, Ph.D.
Money and Markets

• Bernanke and Bush vow to throw billions more newly created dollars at reckless lenders and defaulting borrowers ...
• Greatest bail out since The Great Depression directly ahead ...
• U.S. dollar hammered on world markets …
• Your buying power, investments and retirement in grave danger ...
• My free gift to help you protect yourself and profit:
• My all new Emergency Video Summit — Wednesday, September 19 at high Noon, Eastern Time!

It’s hitting the fan just like we warned it would.

After pouring tens of billions directly into the mortgage markets and then slashing the Fed’s discount rate in August, the Bush administration launched an all-out assault on the rapidly spreading housing and mortgage catastrophe last Friday.

First, President Bush announced that Washington is about to throw yet more money at the credit crunch with massive spending initiatives to help at-risk mortgage holders keep their homes.

Soon after, in Jackson Hole, Wyoming, Bush’s hand-picked Fed Chief, Ben Bernanke, said in public what he’s only been admitting to congressmen behind closed doors: That the Fed will do whatever it takes to bail out failing financial institutions.

English translation:

“We’ll throw billions ... tens of billions ... even hundreds of billions of newly-printed paper dollars at this crisis if that’s what it takes to bail out irresponsible borrowers and lenders.”

Does Bernanke know what that means? Does he understand that every new paper dollar he throws into the economy reduces the value of every other dollar in circulation?

Does he know that by devaluing the dollar he is, in effect, robbing you of purchasing power and making every investment you own worth less?

Look: Bernanke graduated from Harvard summa cum laude with a B.A. in economics. He has a Ph.D. in economics from the Massachusetts Institute of Technology (M.I.T.). And before he joined the Fed, Bernanke was Professor and Chair of the Economics Department at Princeton.

Of course he understands the basics of supply and demand! Of course he knows that by throwing billions of unbacked paper dollars at the credit crunch, he’s devaluing the U.S. dollar!

But does he care that he’s destroying your buying power, the value of your investments and putting your retirement at risk?

Maybe, maybe not. But one thing is for sure: Both Bush and Bernanke are far more terrified of what will happen if they do not avert the vicious cycle of home price declines and foreclosures now sweeping across the country. That’s why we have come to such a critical crossroads for every single financial decision you could possibly make.

And that’s why it’s so essential that you register free
for our first-ever online emergency video sumit
The Great Dollar Panic of 2007-2008:
Urgent Self-Defense and Massive Profit Opportunities

In this action packed hour, world currency expert Jack Crooks and I will give you new proof that this mushrooming mortgage meltdown and credit crisis now threatens every dollar you earn, save and invest — and how it’s destroying your buying power, your investment potential and even your chances of a secure retirement.

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In this exciting, fast paced, one hour Video Summit, we’ll reveal fresh, new facts that Washington and Wall Street do not want you to know ...

• Why the subprime meltdown that has hammered the U.S. dollar so far is far less than one-tenth of the problem: And why Washington’s bail-out of the mortgage industry and welfare plan for reckless borrowers will ultimately dwarf the Chrysler bail-out of 1979 and the Savings and Loan bail-out of the 1980s and will be far greater than at any other crisis since the Great Depression.
• Why the government’s bail-out out will cost you dearly if it’s successful and break you if it fails.
• How both scenarios lead to the same result for the U.S. dollar and a massive, win-win opportunity to profit from rising foreign currencies.
• The most devastating blunder U.S. investors will make: Why each massive installment in this historic bail-out will seduce gullible investors to throw more money into U.S. stocks … why temporary gains in the Dow and S&P will be nothing more than froth and hot air … and why investors could lose up to half their wealth when the bubble bursts. This alone could save your wealth and your retirement!
• The one thing you must do now to protect your wealth: How watching what foreign investors do now could help you avoid a personal financial catastrophe in the weeks and months ahead.
• The 7 types of U.S. investments you must sell now: Time-bombs in your portfolio — the sectors and vehicles most likely to get creamed as this money panic spreads — how many of them do you own now?
• Four all-new defense strategies nobody else tells you about — each one designed to soar when the dollar dives: How and when to use each one to insulate your wealth and go for gains of up to 30 to one in this great money panic.
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• And much, much more!

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My Emergency Video Summit — The Great Dollar Panic of 2007-2008: Urgent Self-Defense and Massive Profit Opportunities — is my gift to you, a gift designed to help you protect your wealth and profit handsomely as this crisis unfolds.

All I ask is that you register now so we’ll know you’re coming. Then, at high Noon Eastern Time on Wednesday, September 19, just point your browser at the web address in your confirmation e-mail (we’ll also send you reminders for the Emergency Video Summit) and turn up your computer speaker.
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