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Two Safe Ways to Profit From the "Alibaba Shockwave Effect"

In the mid-1990s, I was fortunate to meet and start working with an Upstate New York money manager named Anthony M. Gallea.

The relationship began when I attended and wrote stories about some of the investment seminars he periodically held for prospective and existing clients. He then became a “source” for some of the investment stories I periodically wrote for Gannett Newspapers. And we ultimately collaborated on a pretty successful book about “Contrarian Investing” that was published by Prentice Hall.

Along the way, Tony shared some pretty important snippets of investing wisdom…

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    Are You About to Lose Your Savings in the Currency War?

    In the Currency War, the "end game" is a race to the bottom. Because really, under a fiat money system, there's nowhere else to go.
    Unfortunately, I believe the U.S. is on the same path.
    This was just confirmed by Kyle Bass, founder and principal of Hayman Capital Management, a Dallas hedge fund, who has profited handsomely from prescient calls on events from the subprime mortgage meltdown to Greek sovereign debt restructuring. In a recent discussion with a senior Obama official, Bass disclosed that he asked how the U.S. would be able to grow exports if they don't allow nominal wage deflation. The official's answer: "We're just going to kill the dollar."
    There is one way to protect your net worth from all these central bank shenanigans. In my view, the answer is to own and accumulate gold.
    So I suggest you ignore what central banks say, and instead do what they do...
    Read More...
  • currency war book