AandW: Thank you Dr. Clarke for your post, it was very informative and helpful. It was almost as if you heard a conversation my friend and I had yesterday. I hope with the many comments, you get to read this one.
Now for my question. Many Economists are predicting another Financial Crash. Of course many of them are selling a newsletter, book, plan or something. Also there is talk of bank failures, bank bail-ins, etc.
Certainly there are many warning signs and signals with a Global Financial System that appears to be ready to crash.
HOW CAN WE PROTECT OUR NEWLY GAINED WEALTH?
Any suggestions, AandW
Allison: HELLO DR. CLARKE,THANK YOU SO MUCH FOR YOUR NOTE!! It was such a blessing.
Many of us were wondering if the company, Sterling is still viable or has the government shut them down for good? If they are still viable, can you share with us what you know?
Thank you, Dr. Clarke, you are so encouraging to many of us.
Abundant Blessings to the House of Clarke!!!
SingleMaltScotch: Dear Dr Clark,
Please give me your opinion, when the RV happens how long in your opinion can one hang on to Iraq dinar notes 25K and 10K notes before they are not exchangeable anymore or Iraq destroys there currency for new currency.The reason I ask is because in my opinion I would like to hang on to my dinar for insurance maybe cash some in after the RV for paying off my bills.
For that being said, if the non soon to be no petro dollar anymore exists and hyper inflation hits the USA I would like to wait till things are figured out and what to do next. I may be wrong with what you said in respect to a brand new thing coming maybe it's already fixed and we don't know about it.
Best Regards, single malt scotch
Packerfan: Dr. Clarke, Your timing couldn't be better. Everything you talked about I've been questioning for the last week.
I know Iraq will not give us the actual date. I also know the Gurus who call it every day carry no credibility any more, It's just annoying!!
What you say makes sense. I for one pray it is sooner than latter. Thanks for everything Dr. Clarke
QUESTION Dr. Clarke. Who's your favorite NFL team??
"Thanks" PACKERFAN!! GO PACK GO!!
DR. CLARKE: We appreciate ALL your comments. Thank you.
AandW: We are not licensed Finance, Tax or Legal Professionals, and these are our Personal opinions, beliefs, and practices only.
We are of the opinion, that the world is within a major Economic Collapse, that is picking up speed over the next few months - especially the Banking industry, as evidenced by bank problems like Deutsche, Swiss and many other top tier banks, due to tremendous, over Derivative exposure, amongst other things.
This is all Public information, you can research. We're not against banks, but CAUTION, is evident, with how & where funds are located. We DIVERSIFY OUR MONEY, all over the place: Some Banks, some Investment houses for example, Fidelity, Schwab, Merrill Lynch etc., mostly in Money Market instruments, very little if any stocks, bonds for a while, some Annuities, some Credit Unions, CASH in hand, Silver coins, Gold coins, some Real Estate, Small Business investment or partnership, some Currencies etc.
Spread it out, as broad & wide, in as many places as you can. Hire the BEST Independent, Licensed Tax & Finance Professionals, with at least over 10 years experience, as you can find.
Diversification is and always has been, the best odds, to protecting more of your assets, in a changing and unstable world economic environment - which is what we're seeing Big Time
There is no such thing as, 100% Guaranteed Protection against anything. Spread it out, and hope for the Best, over the next 5 years.
Allison: It is our Opinion only, after 15 months, that all outstanding Sterling clients will eventually be taken care of, with all their currencies, after the Iraq Dinar is publicly announced and is an officially traded currency Internationally, to be exchanged outside Iraq.
We think and are of the opinion, that they still have all the currencies that are paid for, and in reserve, awaiting this Official announcement & International status change.
Interesting, lately there hasn't been anything Public stated about the legal status of Sterling, other than the alleged Indictments of a few folks recently, AND clients, as of this writing, can still logon to Sterling's website, to view their individual past account history details.....read carefully the public lawsuit details, and use your best discernment....after being in business 10 years, strictly & regularly monitored and audited by Federal Regulatory authorities.
We think they're (the Government & Sterling) just "Waiting" like everyone else, and had to quickly stop the massive, over-promoted currency sales, mainly the crazy high reserve programs, that were out of control.....because there were too many unhappy, disgruntled clients of Sterling and others, that were making too much negative noise, because the RV had not happened, as predicted by so many, for so long - AND it went down like it did quickly, for a reason, to abruptly stop the large bulk of currency sales, and because of what they then thought, was about to happen....
It's also given the government protection agencies, like Homeland Security, time to research the records of ALL the people, who bought and hold currency, especially the largest currency holders, before a possible, future exchange.
We can't tell you what to do, and we're not licensed legal advisors or attorney's, and these are our personal opinions only - it sure is mysterious, quiet and odd that not much is known or acted upon, with this whole Sterling episode, but it can't go on forever, and the government has made it clear, that you can file suit against Sterling, so that if and when, ANY kind of settlement or judgment is rendered, you will be considered for "whatever".
Whether any wrongdoing was committed by anyone, we cannot say or comment, because the complete facts are not known yet, or if ever. In our opinion.....it will all be finalized soon.
Single Malt Scotch: There is no set time limit.....yet. We think, there will be information about currency expirations, coming out at some point in the future, and it will be clearly stated, so you can make your final decisions, then.
PackerFan: It's not Green Bay, sorry. But we Love your Passion, Dedication, and We respect the long Packer Football tradition.
Everyone Benefits.....if they choose.