How to Protect Your Assets and Profit from the Crisis

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for The Q Wealth Report

I must admit I find what’s going on rather exciting, and I’m sure there are numerous ways not just to protect your assets but also to profit from the crisis sweeping the entire US financial system! I’m already preparing a last-minute article for the next QWR (issue 51) on this theme.

But you’re probably tired of reading endless commentary and platitudes. So in this brief blog entry I’m just going to write some updates about the bailout plan being debated in the US, some possibly shocking news about the US Federal government restricting entry into the gold market, and my recent thoughts and experiences on safe havens and second passports – all rolled up into one!

I’ve been predicting this collapse for a long time now, and what people thought were my crazy ideas just a few weeks ago, are now being talked about on Fox News. It’s not that I like to gloat, but it certainly gives me a feeling of satisfaction to know that people who have read and followed my advice are well prepared for the tough time ahead. Because one thing is for sure in my mind – “you ain’t seen nothing yet!”

The thing I find most bizarre is that the experts are talking about the need for a bailout to “avert” a crisis. Then I just saw some self-professed expert on CNN arguing that if the bailout does not go ahead, then the US government will end up owning nearly all the banks and insurance companies.

My view is that even the fact that pouring in $700 billion in is being seriously talked about would suggest that we are, erm, a little late in seeking to “avert” a financial crisis. Throwing hundreds of billions at the system is broadly equivalent to nationalizing the entire credit system anyway. (After all, the latest spin being put out, which was repeated by that very same expert on CNN, is that the Treasury might actually make a profit on this bailout deal.)

What Americans just can’t do, though, is get out of that dollar mindset. Yes of course the Treasury might very well make a profit in US dollar terms. All they have to do is have the Fed create more dollars. These days it can all be done online – printing presses are not necessary.

The point is that the fundamentals of the dollar suck. This so-called bailout can only make the dollar even weaker. Another word for this is devaluation. is just about devaluing the dollar still further. That’s what I wrote about way back when I first set up my personal blog – on the page “Peter Macfarlane: Protecting You Against the Falling Greenback.” Then, back in May this year in The Q Wealth Report number 50, I wrote about The Creep and The Jerks. We’ve been watching the creeping decline of the dollar for years – and now we are seeing the jerks.

Here at Q Wealth we always try to focus on positive solutions for wealth preservation and building. Right now we see very powerful vested interests on both sides fighting it out in the USA. My advice is that when there is fighting going on, you shouldn’t be around.

I just spent the week in Panama, with a great group at the Secrets of the Super Rich seminar run by the Property Investment Club. For the weekend I’ve flown up to the Dominican Republic. I spent Friday in Santo Domingo overseeing the case files of a few clients with naturalization requirements, with the assistance of our friends at Invest-DR before taking the four hour luxury bus ride up to the north coast. As I write this on the balcony of a condo overlooking the ocean, the sun having cleared away yesterday’s heavy rain and a cooling breeze and an even cooler “Presidente” beer refreshing my mind, I am very thankful to be in a peaceful place where I can sit and watch the world going by.

Here in the Dominican Republic, there never was any easy credit. People here somehow get on with their lives without borrowing money. If a Dominican wants to buy a house or a car, chances are he has to pay cash. Likewise with foreigners buying here – mortgages are available, but with nothing like the gearing we saw in the major markets. The result is that the economy here today is in pretty good shape, much better than it was five years ago. The good thing about tourism here is that it is not reliant on the US market. Dominican Republic has something like twelve international airports, with many direct flights from Europe and Latin America.

Dominican Republic would probably not be my idea of a safe haven. Not because it’s not safe, but just because when I’m here I miss certain little things. Personal preferences, you know. It’s perfectly liveable here, and it might be your safe haven in troubled times. It’s certainly one of the better places today for those looking to diversify into a second citizenship.

But all of us should have a safe haven. You should invest the necessary time and money to establish a “second life” for yourself, in a place where you could happily live if you had to leave where you are now. You also need to have enough money to live on for at least six months to a year stashed in a Last Plane Account somewhere. (If you’re wondering what a Last Plane Account is, check out James Turk’s article here and mine here)

Finally, if you’re a regular reader, you won’t be surprised to hear that the US Federal Government has begun putting obstacles in the way of private gold ownership. I’ve just published an article over on my personal blog about how the US Mint suddenly stopped the sale of gold bullion coins, ostensibly because they couldn’t keep up with the demand.

I said it above, but it bears repeating: you ain’t seen nothing yet. Watch this space! If you’d like to gain access to the members area and to deeper insight on all the matters discussed here, sign up now by clicking on the Join Now link above. If you would just like to stay in touch but are not ready to subscribe yet, sign up instead for our free email newsletter Q Bytes.

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