[Money-matters] FW: [Money Matters Newsletter] Money Matters Update July 21, 2013

Mon Jul 22 13:52:02 UTC 2013

URGENT UPDATE ON SWISS ANNUITIES

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From: Money Management Radio [mailto:news at moneymanagementradio.com] 
Sent: Monday, July 22, 2013 6:51 AM
To: "marc"
Subject: [Money Matters Newsletter] Money Matters Update July 21, 2013

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Money Matters Update July 21, 2013 

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Marc's Notes:

Markets slowly climb again as Bernanke back peddles on his stimulus
withdrawal speech weeks back. The market rout after that speech surprised
him and off he went to tell Wall Street he didn't mean it. Like I said, he
will NEVER be able to stop printing money, the street is addicted to it as
is our economy.

No way, no how.

They will print until the cows come home. They may TRY and stop, or should I
say slow down, but then the markets will crash again and so he will resume
the programs of printing money, which they call QE or "asset purchases".

What ever they call it, we call it what it is, printing money.

For now, the market buyers are starting to go back in the water and probably
will rise again and again. I expect a minor correction soon as the markets
again have gone UP days and days, but after that its Ludwig Von Mises "Crack
UP boom" again.

As for bond holders, read this:

The exodus continues out of bonds with over 60 billion dollars being
withdrawn from bond instruments in the last few weeks.  Investors worldwide
are selling bonds by the boat load and that means bond prices are
plummeting. Bonds funds which hold a basket of bonds are dropping even
faster than the bonds themselves and many investors holding bonds are taking
huge losses.

You have to wonder how investors didn't see this coming. Many an analyst
have been warning investors to be wary of bonds for over a year now
including bond king Bill Gross and banking giant Bank of America. Still
there are many main stream financial advisors who have been doing the exact
opposite and telling investors over the last year or so to load up on bonds
for their steady income.

To recognize just how silly this recommendation is, know this: bonds are
just debt, nothing more.

The financial community gives them fancy names to confuse you but whether
it's a city bond, a corporate bond or a government bond, the idea is the
same. You give someone your money and they promise to pay it back in the
form of an IOU and that's the bond.

They can have different interest rates, different payback periods and all
types of conditions but its all just more debt.  Basically somebody needs
your money and you lend it to them.

But there is a lot of debt floating around, in fact since the real estate
boom, which was based on debt, there's more debt then even before and even
more is being issued every day.

With the mountains of government debt, mortgage debt, corporate and personal
debt that exist today, much like a cloud raining bananas, (the price of
bananas would drop) when it rains bonds, the price of bonds drop as a result
of the over supply, and its this drop in price due to the current oversupply
that we are witnessing. 

The drop is being predicated by the massive selling of bonds by investors,
and this selling was in part brought on by Federal Reserve Chief Ben
Bernanke announcing a proposed date to the beginning of the end of his
quantitative easing program (QE) which he announced a week or 2 back.

Since the Feds were buying billions in bonds a month, they literally propped
up the market for bonds, and now that they put a possible time line on when
they might stop buying, the selling has began.

It goes to show the strength in bonds and bonds funds we witnessed in the
last few years was most likely only because the Feds were buying billions of
dollars worth of them and subsequently supporting almost the entire bond
market with their monetary shenanigans.

Many have argued without such government support, the bond market would have
collapsed.

Is this what is happening now?

Only time will tell. Meanwhile my recommendation remains as it has been for
over a year: sell bonds except for short term US Government securities.

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Sounds like good advice.

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That's all for now except the Swiss Annuities are again available so here is
the skinny about them once again.

JUST OUT ON SWISS ANNUITIES:

Their window is closing AUGUST 15th, 2013 and will no longer be available to
US Citizens, so if you want one YOU HAVE TO MOVE FAST! 

Don't Miss out!

Swiss Annuities Offers Offshore Option

An annuity is a contract between an insurance company and investor that
stipulates a payment of some sort to the investor in return for the
investors initial or time payment to the insurance company. You give them
money and they pay you back over time or on a specific date in the future.
Annuities sold by U. S. companies may have fancy names, are structured in a
variety of ways and are usually not guaranteed by the U. S Government.

I can't recall an investor I've met who was glad they bought an American
sold annuity after the fact and in my opinion they are one of the worst
investments you can make. I view them as overpriced life insurance policies
concocted by the insurance companies to boost their profits.

There is an annuity product I do recommend however and that is a Swiss
Annuity.

Unlike their American counter parts, Swiss Annuities have many advantages.

Annuities sold here may restrict your access to your funds, entice you with
a bloated death benefit then may charge you a yearly percentage fee on top
of a sales fee.

There is usually a healthy cancellation fee should you want your annuity
cancelled and your "guarantee" is only as good as the companies balance
sheet. They obviously also located here in the U.S. meaning they are subject
to U.S. jurisdiction by the IRS and the US court system.  Your money is held
in U. S. dollars and usually invested in the stock market. In other words,
you are US based in every sense.

Swiss Annuities on the other hand have no tie up period; there is no yearly
fee, only a small cancellation fee in the first 12 months. They may not be
subject to U.S. courts jurisdiction (although now you do have to report them
to the IRS), there is no bloated death benefit, you can denominate them in
another currency or even gold (hence protecting you against a falling U.S.
dollar), you can get your money anytime you want and even borrow against its
value.

Should you move to another country, you can have your money sent to almost
anywhere in the world. There is also no social security number required to
open a Swiss Annuity, a testament to one of their obvious advantages. Your
money does not have to be in stocks but instead is can be backed by a
variety of options not typically available here in US.

You can designate a beneficiary in case of your demise and you may elect any
payment schedule you like, from a lump sum on a certain date,  structured
over many years or even a get guaranteed for life payout. In a word, they
are flexible.

I view Swiss Annuities as a great way to easily park money offshore versus
other types of foreign accounts. Swiss Annuities require just a few forms
and your funds are either wired or paid by your personal check.

They usually pay an interest and a dividend and the payments can accrue
interest free until you withdraw the funds. They are regarded as a type of
retirement account so withdrawals under a certain age can have IRS penalties
but for the most part you can send them as much as you want and that amount
may accrue dividends and interest free of yearly tax assessments. They do
have a load fee thanks to the IRS new requirements but I opened one and paid
the fee as I though it was well worth it.

Why Switzerland?

Although your annuity will not be guaranteed by any US government entity
(annuities usually aren't here either), consider that here in US we estimate
there has been over 75,000 bank and insurance company failures in the last
100 years. In fact,  bank failings seem to be a weekly event lately
nowadays.

Compare that to the last 150 years in Switzerland where there have been ZERO
failures of either. Swiss bank and insurance laws are strict and Switzerland
is the banking center of the world. They maintain a sound monetary policy
and the Swiss Franc is regarded as the "Flight to Safety" currency. By
keeping your annuity denominated in Swiss Francs, you may help protect
against our insane money printing ramifications and even a possible default
of the U. S. monetary system.

Unthinkable but a possibility none the less.

As always, check with your CPA on the laws surrounding Swiss Annuities but
you may have to look hard for an accountant that is familiar with these
types of foreign vehicles.

In conclusion, I have always said, there's a reason why no one ever evades
Switzerland. It's where everybody keeps their money. Maybe you should keep
some there too.

You can find out more about Swiss Annuities at:

http://moneymanagementradio.com/swiss_annuity

Remember the window closes August 15th and it takes weeks to open one so act
now!

All for now and good investing!
Marc

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