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    Coop University

    Post  Guest on Mon Apr 25, 2011 12:07 pm

    Good mornin' coopsters. Started this topic to help edumacate the peeps.

    I would like to keep this thread filled with educational resources that would be beneficial to all. After last nights call, I believe a lot of eyes were opened to the BS that goes on behind our backs. If you have a article or link that you think would help enhance our education, please post it here.

    Please let's keep this to a kind of library type of topic. No comments or discussions in here, no thank you's or that kind of posts. Just the facts please.

    I am gonna start this off with The Secret of Oz. This is a must watch video. It is two hours long so plan accordingly to be able to sit and soak it all up. Talk about eye opening...





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    Re: Coop University

    Post  Guest on Mon Apr 25, 2011 12:20 pm

    This could get scarey !! affraid
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    Josey Wales

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    Re: Coop University

    Post  Josey Wales on Mon Apr 25, 2011 12:51 pm

    How Fractional Banking Economics will allow a high RV
    EXPLAINED:

    First off, I’ll use the exchange of a 10,000 IQD note as my example. To help explain the economics of this cash-in example, I will use a 1:1 cash-in ratio between the USD and IQD, that is given a two-tier payout, and a 2% bank spread.

    What You Will Receive:
    If you were to cash in your 10,000 IQD note with a bank that charges you a 2% spread, you would personally receive a net take-home of $9,800 credited to your bank account.

    What Your Bank Will Receive:
    Your Bank will receive a $10,000 credit to its Federal Reserve Account. They will also be able to add the $200 profit to their “capital account”.

    If you don’t understand the “Fractional Banking“ concept that runs our country, you may want to, as that is what this is based on, and is what is behind this entire concept and plan. To learn more about this concept, I suggest you click HERE, and go to a video post I brought to the forum previously, and posted in my “Tidbits“ section.

    Ultimately, the bank wins because they are able to gain $2,000 in lending power under the 10% “Fractional Banking“ model.

    What the US Treasury Will Receive:
    First off, the US Treasury will receive $3,500 in estimated taxes in the quarter after the exchange, because you are now in the “rich” category and get to enjoy the 35% tax bracket. This lowers the “net cost” of the IQD exchange to the US financial system to $6,500 USD (i.e. $10,000 out – $3,500 in). Furthermore, the US Treasury’s rate is higher than the banking rate (we will use in this example 1.25), thereby further reducing their “net cost” from $6,500 to $4,000.

    Oil Now Enters the Picture:

    At some point, a Fed-appointed agent orders $12,500 worth of oil from Iraq. Payment will consist of a $12,500 transfer from the Fed’s foreign currency reserve IQD account to the IRAQ Oil payment account at the CBI in a form otherwise known as PetroDollars/PetroDinar. Even though the world spot price of oil is defined in terms of USD, the actual transaction may take place in any internationally recognized currency agreed to by the parties. For example, Iran only accepts Yen from Japan for their oil orders, because they don’t want USD in their foreign currency reserves.

    How the CBI “RECAPTURES” the Money:
    The $12,500 order is filled with 250 barrels of oil based on the spot price on the date of the sale (for this example we used a $50 USD spot price). What does it cost Iraq to produce the oil to fill this order? Well they have negotiated productions agreements for approximately $1.50 USD/barrel. From that price $.50 USD goes to the national Iraqi oil company who is the partner in the field the oil came from. Out of the remaining $1.00 the other oil field partners have to pay the Iraq government a profit tax of $.35 USD (35%). The net cost to Iraq to produce a barrel of oil used in this scenario is $.65 USD. (i.e. $1.50 – .50 – .35)

    What does all that mean? It cost Iraq $162.50 to bring back a 10,000 IQD note! Can they afford that? I think so! So, instead of paying out $12,500 for a 10,000 IQD note, they only pay $162.50! That doesn’t add to the money supply much at all does it! They receive their IQD back and place it in the CBI, or destroy it.

    The transaction is completed with the Federal Reserve exchanging foreign reserve credits which are equal to $12,500 USD (which had a net acquisition cost of $4,000 USD for the US) for 250 barrels of oil (which has a TOTAL COST to produce of $162.50 USD for Iraq.

    More completely explained, and simply put, it cost Iraq $162.50 USD from their foreign currency reserve accounts to redeem the value of 10,000 IQD, which goes into their operating accounts. At the same time the US got $12,500 worth of oil for a net cost of $4,000. That’s how it was originally planned for Iraq to RV at 1 IQD = 1 USD, with the variable being the political element (i.e. UN Sanctions, GOI actions, IMF actions, World Bank actions etc.)

    Other Factors that Strengthen Iraq’s Position and Ability to RV:

    DFI Funds Returned & Other Assets: $280+ Billion USD, plus other frozen assets (estimated at $100 billion) will be returned back to Iraq and added to their foreign currency reserve, bringing it up to $430+ billion USD.
    CBI IQD Reserve Requirement Adjustment: The CBI will change the current fractional IQD reserve requirements from 100% to 15% at the appropriate time. As a result, the the total potential money supply will be raised in value to $2.8 Trillion (430 billion/15), while at the same time, the total physical IQD in circulation will be reduced by removing the large bills with the 3 zeros over a period of 2 years, as they have indicated.
    Oil Production Increased: Iraq will also execute the plan they announced to increase oil production from 2+ million barrels/day to 10 million barrels/day with the resulting revenues flowing directly to the Iraq treasury.
    Oil Futures & Forex Contracts Added: To further stir the pot, the CBI will continue to use it’s sales window to market oil futures and forex contracts. They have shown they can generate significant cash flow in the private market. Think of their impact in public markets.
    There, my friends, is how this plan will be enacted and made possible. Taking NOTHING, and turning it into SOMETHING, then bringing it back to a “manageable and reasonable something” that is accepted and supported by seeming endless supplies of oil. This is how the world’s ENTIRE NEW MONETARY SYSTEM will be regenerated and supported and backed, given, in essence, a re-birth and renewed for most governments and economic regions… even by “Black Gold”.

    So, here’s the summary for all the “players” involved, giving ballpark numbers, and not taking into account superfluous costs, fees, and other small details that don’t really affect the larger picture:

    Investor’s Net Gain: $10,000 – $200 = $9,800 x .65 = 6,370 for an investment that cost $10
    Bank’s Net Gain: $200 added to “capital account”, plus $2,000 they can use to loan out.
    US Treasury Net Gain: $2,500 from the .25 spread on top + $3,500 in quarterly taxes = $6,000
    CBI/GOI/Iraqi People Net Gain: $12,500 – $162.50 = $12,337.50 + Profits from “Other Factors”
    Overall Net Gain for All Involved: $6,370+$200+$6,000+12,337.20 = $24,907.20
    This is the wealth that was generated from a single 10,000 IQD note that was given an original value of approximately $10! Is that amazing or what?! You tell me… can Iraq afford NOT to RV?!!! Will the IMF allow them to NOT RV their currency, but simply replace their large denoms for smaller ones?!!! LOL!!!

    In this scenario, EVERYONE WINS… and the IQD is slowly (over 2 years) taken back in to the CBI… eventually destroyed, leaving a manageable M2 behind, having created HUGE WEALTH throughout the world to re-supply what was allowed to be destroyed in the “great bleed” over a period of just a few weeks a couple of years ago, even the greatest redistribution of wealth the world has ever seen. Believe it or not, it has happened for this very purpose, and it IS coming!

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    Why a Nevada LLC?

    Post  Guest on Mon Apr 25, 2011 2:25 pm

    On the call last night, we discussed the benefits of having a Nevada LLC.

    Here is some great info to consider:

    Nevada has become well known as a US corporate haven among business planners, attorneys and accountants. Experts in the fields of asset protection, privacy, and tax strategies have come to know Nevada as "AMERICA'S TAX HAVEN." Nevada's liability protection features and tax-free status for corporations have made it the clear choice as the preferred state for incorporating closely-held businesses. That is why Nevada now ranks in the Top Ten of states with the largest number of incorporations. That is an impressive accomplishment for a state ranked 37th in total population. Nevada's pro-business attitude has resulted in both INC. Magazine and Money Magazine ranking it #1 among all states in recent years for its favorable business climate. Nevada has clearly established itself as the "Corporation Capital of the West," and continues to set new incorporation records every year.
    Here are a few more specific advantages to incorporating in Nevada:


    The Strongest Corporate Veil

    In order to pierce the corporate veil in Nevada, the court has determine that keeping the corporate veil in place would promote fraud and injustice. Nevada statute prevents corporate veil piercing on the basis of failure to maintain corporate formalities, commingling funds, etc. The Nevada Supreme Court has pierced a corporate veil only two times in the last 25 years, and that was because of possible fraud resulting in harm to another party. There has never been a case in which a Nevada corporation’s veil has been pierced when the corporation has been properly run. Nevada courts have developed a strong record of case law that protects the corporate veil, making it one of the most difficult in the country to pierce.

    The Best Indemnification of Corporate Officers and Directors

    Nevada’s indemnification laws are unique from those of other states. While other states only limit the personal liability of corporate officers if they prevail in a lawsuit, Nevada provides indemnification by statute. This is an important distinction: Other states provide indemnification based on the unpredictability of juries and the legal system, while Nevada provides indemnification as a matter of law.


    The Only Charging Order Protection for Stockholders

    Nevada is the only state to provide "charging order" protection to stockholders of closely-held corporations. And, this protection is the only remedy of a creditor - by statute - which prevents a creditors foreclosure on corporate stock. This asset protection tool is unique only to Nevada.


    Protect the Privacy of Owners from Frivolous Lawsuits

    Officers and directors are required to list only their names in public records, but owners are not on the public record. Nevada requires only minimal disclosure of personal information at the time of start-up and at the time of annual filings. Nevada requires that only a corporation’s president, secretary, treasurer, and one director be listed on the Initial List of Officers, as well as on the Annual List to renew the corporation’s filings with the State. This ensures the privacy of individuals.


    No State Corporate Tax

    Nevada does not have a corporate tax, plain and simple. So, Nevada can provide opportunities for business to choose their state tax jurisdiction. Depending upon how the business operates, this can give a Nevada corporation a significant state tax advantage.

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    Chikn Butt
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    Re: Coop University

    Post  Chikn Butt on Tue Apr 26, 2011 2:07 am

    Crack wrote:This could get scarey !! affraid

    GF...i know you said "no comments" but you also said "just the facts." Respectfully, much of what this video says is not considered fact by many. There are videos and articles stating opposing views to this production. Just thought we should be fair to the folks reading and watching that this is ONE perspective of the current financial condition and they can research all viewpoints. Thanks/CB
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    littlemiracle

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    Re: Coop University

    Post  littlemiracle on Tue Apr 26, 2011 5:04 am

    Fun learning!!!
    [You must be registered and logged in to see this link.]
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    Re: Coop University

    Post  Guest on Tue Apr 26, 2011 11:42 am

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    Josey Wales

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    Re: Coop University

    Post  Josey Wales on Tue Apr 26, 2011 12:30 pm

    Post RV Checklist

    Folks you have to understand that once this goes down, you are going to have to change your train of thought, change your ordinary daily habits, make yourself invisible to an extent. Wealthy people tend to stay wealthy in what they do and how they do it. This information has been posted in the past on other sites, but I've always kept this in the external hard drive for future reference.
    I would highly recommend you do the same, and or devise a similar list that suits your need. Take this information for what it's worth folks, I'm not sure if this has been posted here before, even so it's worth sharing again.


    1. Change your number, make sure the new number is unlisted. If you don’t, every Tom Dick and Harry will be knocking down your door when they find out about your new circumstances.
    2. Contact an attorney that specializes in taxes and trust accounts.
    3. Set up your family trust(s).
    4. Contact your bank(s) and set up POD accounts.
    5. Do not deal with banks that have derivatives and hedge funds.
    6. Set up CDARS accounts.
    7. Pay off ALL debt.
    8. Fix everything that needs repair.
    9. Upgrade your personal, home, auto and umbrella insurance.
    10. (Consider ransom insurance too!)For your family/children
    11. Set aside enough liquid funds for you to survive for 2-3 years. This should account for every expense you have on a monthly basis – don’t go short!
    12. Invest in precious metals (like gold & silver or Rare Earth Metals).
    13. Go to seminars to learn to make money through SMART investments.
    14. PAY YOUR TAXES!
    15. Pick your friends wisely.

    Someone will be “watching you” so you’ll want to do the following:
    1. Be very low key (non-descript).
    2. Don’t flaunt your newly obtained wealth.
    3. Open up a secure Email address.
    4. Get a new cell phone number; cancel the old one.
    5. Get a P.O. Box
    6. Put a security system in your house.
    7. Install high security Medco bolt locks, and a heavy duty safe.
    8. Install reflective film on your home windows.
    9. Consider building a safe room.
    10. Get training in self-defense / firearms.
    11. Use PGP (or better) encryption on your computer and Email.
    12. Don’t trust anyone … keep your friends close and your enemies closer.

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    okieday
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    Re: Coop University

    Post  okieday on Tue Apr 26, 2011 1:14 pm

    Chikn Butt wrote:
    Crack wrote:This could get scarey !! affraid

    GF...i know you said "no comments" but you also said "just the facts." Respectfully, much of what this video says is not considered fact by many. There are videos and articles stating opposing views to this production. Just thought we should be fair to the folks reading and watching that this is ONE perspective of the current financial condition and they can research all viewpoints. Thanks/CB

    agreed - I was pretty skeptical also until they started showing memoranda from the past detailing the bankers' intent......then I started to listen a little ahrder. Data trumps rumor and emotion every time.
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    Chikn Butt
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    Re: Coop University

    Post  Chikn Butt on Tue Apr 26, 2011 4:25 pm

    littlemiracle wrote:Fun learning!!!
    [You must be registered and logged in to see this link.]
    [You must be registered and logged in to see this link.]
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    For more facts on the FED and providing an alternative to this and Mama Fishin's link, one can begin at [You must be registered and logged in to see this link.] and as far as that "secret" 1913 meeting, one can read [You must be registered and logged in to see this link.]

    This site sets the record straight on a host of conspiracy theories ciculating today. Many are clever in weaving in some facts with plenty of fiction. At least here you'll have a more balanced read.
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    Griz Fan

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    Location : Montana

    Re: Coop University

    Post  Griz Fan on Sat May 14, 2011 3:46 am

    There is a ton of info on this site. [You must be registered and logged in to see this link.]

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    Reasons for using Nevada to register your LLC

    Post  Guest on Sun May 22, 2011 11:39 am

    Ten Facts that make a Nevada Corporation’s Shield Ultra Strong


    From Corporate Service Center's Website

    1. There has never been a case in which the corporate veil has been pierced on a Nevada corporation that has been run properly.

    2. Nevada courts have pierced a corporate veil only four times in the last 21 years, and that was because of fraud resulting in harm to another party.

    3. Nevada courts have developed a strong record of case law which protects the corporate veil, making it one of the most difficult in the country to pierce.

    4. Nevada is the only state that can ensure the confidentiality of a corporate principal. Officers and directors are required to list only their name in public records. The filing of an amended list of officers or directors, if new officers or directors are elected or appointed after filing or during the year, is not required.

    5. Nevada requires that only a corporation’s President, Secretary, Treasurer, and one Director be listed on the Initial List of Officers, as well as on the annual list to renew the corporation’s filing with the state.

    6. Nevada’s business friendly laws vary from those of other states in that they can limit the personal liability of corporate principals. Most states follow Delaware in requiring that person to prevail as a defendant in a lawsuit before the corporation is allowed to indemnify him or her.

    7. A Nevada corporation may be formed for the express purpose of limiting a person’s liability in a lawful business venture.

    8. Nevada law allows for the establishment of alternate financial arrangements to protect corporate officers and directors. These include, but are not limited to, the creation of a trust fund for such eventuality, self-insurance, securing the obligation through the granting of a lien on corporate assets, or placing a letter of credit, surety or guarantee to be drawn on in time of need. The value of this is in giving the corporation additional resources to draw upon to protect its officers and directors in the event of a lawsuit.

    9. Nevada requires NO statutory minimum capitalization at the time of incorporation, thereby removing this as a means of piercing the corporate veil. Any capitalization provided can be done with tangible or intangible property, including services to be rendered to the corporation in the future.

    10. Through broad empowerment allowances, Nevada law specifically provides for a corporation’s principals to be given control over such things as the establishment of stock privileges, voting rights, the issuance of shares, etc, through provisions in the articles. These infuse the directors with tremendous flexibility and control over the affairs of the corporation since major changes in policy and procedure can be accomplished through an amendment of the articles, rather than relying solely on the statutes.

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    Re: Coop University

    Post  Guest on Sun May 22, 2011 11:43 am

    Here is a 50 state chart from the Corporate Service Center's website that shows the tax rates and asset protection status of all the states to help you decide where to have an LLC if that is going to be part of your post RV plans.

    50 State Chart

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    Re: Coop University

    Post  Guest on Sun May 22, 2011 11:49 am

    ASSET PROTECTION…

    …is the concept of protecting one's assets from frivolous, ill motivated, illogical and, more often than not, devastating claims that can destroy your current and future lifestyle.

    Over 30 million new lawsuits were filed last year! That is over 82,000 per day!
    Don't become a statistic – Corporate Service Center, Inc. can help you to protect your wealth.

    It is always about the dollars!
    Lawsuits have become the plaintiff's number one negotiating strategy. Lawyers have found that, for around the $175 court filing fee, one of two things will likely occur:

    1. You give them the money to go away.
    2. They'll keep you tied up in court for between two and five years.

    In either case the money comes out of your pocket. If fortunate, you will win the case - but at what price? Your defense bill could easily run up six figures. It’s Hobson’s choice - even if you win, you lose.

    Who can't wait to sue you?

    A partial listing, by no means inclusive:

    • Employment lawsuits (age discrimination, racial, gender, pregnancy, disability, mental illness, addiction discrimination, sexual harassment, peer harassment, wrongful termination, employee injury, etc.)

    • Professional malpractice (medical, legal, psychological, engineering, architectural, accounting, etc.).

    • Business liability lawsuits (environmental cleanup, dissatisfied customers, personal injury, shareholder liability, etc.)

    • Personal lawsuits (divorce, business partners, creditor claims, accidental injury caused by a family member, personal injury, etc.).
    So the key to preventing lawsuits is to make sure that plaintiffs and their lawyers can't get their hands on your money - then they won't waste time and money trying.
    Corporate Service Center will show you how to become every contingency fee lawyer's
    nightmare. Set up your asset protection plan before you get sued. Now is the time to get serious about providing the highest level of protection for your family.

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    National Inflation Assoc. Silver Answers

    Post  Guest on Mon May 23, 2011 11:43 am

    Here is a list of NIA's top 10 most important new NIAnswers that we recently added into our database:

    1) I am feeling a little worried about the huge drop in silver after it hit a new all time high of nearly $50 per ounce. What do you think is causing it?

    We never expected silver to rise to almost $50 per ounce so quickly. Silver simply rose too far too fast and was due for a correction. The correction appears to be almost over with silver showing signs of forming a strong support level. After silver nearly hit $50 per ounce, the CME rose margin requirements substantially. This caused a forced liquidation of hedge funds that were buying silver using leverage. The CME's actions were pure manipulation and done to help their banker friends at JP Morgan who were short 122.5 million ounces of silver. This same thing happened in 1980 after silver first hit $49.45 per ounce and it was later proven that 9 of the 23 COMEX board members were short 38 million ounces of silver. JP Morgan is losing billions of dollars on their short position and without the CME's actions, JP Morgan would have been forced to cover its short position, which would have sent silver to $100 per ounce in just weeks. NIA is pleased that the new Hong Kong Mercantile Exchange will end the COMEX monopoly and make them a lot less likely to manipulate precious metals prices in the future.

    NIA is 99.9% sure silver will rise well above $100 per ounce this decade. Based on the current price of gold, a return in the gold/silver ratio to 16 would mean a silver price of $94 per ounce, but we are sure gold will rise many times higher than its current level of $1,508.90 per ounce. In NIA's opinion, the currency crisis won't be over until the Dow Jones/gold ratio returns to 1. The Dow Jones is currently 12,512. Even if gold meets the Dow Jones mid-way at 7,010, it would mean $438 per ounce silver based on a gold/silver ratio of 16.

    2) Do you feel now is a good time to trade a good portion of gold for silver?

    Yes, with the gold/silver ratio back up to 43, those who exchange their gold for silver now will at a very minimum see their purchasing power increase by 2.6875 times during the next 2 to 3 years if NIA is right and the gold/silver ratio declines to 16 or lower. Silver has dipped enough where we now feel comfortable to start buying it once again using money that we currently have in gold. We are very happy that silver has dipped, because the more time NIA members have to accumulate cheap silver, the more wealth NIA members will gain when hyperinflation hits the U.S.

    3) What if Bernanke decides to raise interest rates so high that hyperinflation can be avoided? What happens to silver then?

    If Bernanke rose interest rates to let's say 20%, the interest payments on our national debt will soar to approximately $2 trillion per year. Instead of a $1.645 trillion budget deficit we will have a $3.44 trillion budget deficit. The U.S. government will only be able to fund the deficit by having the Fed print the money to buy U.S. treasuries, which would cause hyperinflation. Bernanke is in a very bad position. Even raising interest rates dramatically won't prevent hyperinflation at this point. In NIA's opinion, silver will rise over the long-term no matter what Bernanke does.

    Silver may have dipped after reaching a new all time nominal high of near $50 per ounce a few weeks ago, but adjusted for real inflation, when silver hit $49.45 per ounce in 1980 that would equal about $400 per ounce in today's dollars. Silver has not seen its high, we can promise you that. This is a buying opportunity that won't last for long.

    4) Would it be more profitable now to buy silver mining shares rather than silver metal?

    When silver broke $40 per ounce and made a move to almost $50 per ounce, silver stocks did not make any gains during that $10 rise in silver. It is almost as if the stocks knew silver was running too far too fast and would need to correct. From their highs on April 28th to their closing prices last week, physical silver has declined 29% while silver stocks have only declined 18%. Silver stocks appear to be at a bottom and when the price of physical silver begins to rebound, we believe silver stocks will likely rise 2 to 3 times faster, with a select few small-cap silver stocks rising 4 to 5 times faster than the silver bullion itself.

    It is always safer to buy physical silver because mining shares have many different factors affecting them, such as geopolitical risks and the experience of management. However, if you do your homework and spend a lot of time researching silver stocks, there is a lot more money to be made owning the right silver stocks than owning physical silver. Just keep in mind that not all silver stocks will be winners. Some silver mining companies will fail and eventually go out of business.

    5) What do you think of the leveraged silver ETF, ProShares Ultra Silver?

    ProShares Ultra Silver is designed to make double the daily gains or losses of silver. Silver prices are volatile enough as it is and this ETF isn't suitable for most investors. What especially makes it risky is that leveraged ETFs decay over time. At the end of 2010, ProShares Ultra Silver closed at $158.59 and the regular silver ETF closed at $30.18. Today, the regular silver ETF is $34.18 up 13%, but ProShares Ultra Silver is only $171.94 up just 8%. Therefore, while this leveraged silver ETF may double the regular silver ETF's gains on a daily basis, over longer periods of time the leveraged ETF decays and may not perform as well. ProShares Ultra Silver is only good as a short-term trading vehicle for experienced risk tolerant investors.

    6) Will I be able to use my gold and silver coins as money instead of it being taxed as a commodity?

    NIA will be supporting Ron Paul for President in the 2012 election, because he will eliminate all taxes on gold and silver. When gold and silver prices go up, it isn't the value of gold and silver that is increasing, but it is the U.S. dollar that is losing its purchasing power. Almost nobody in Washington wants to end taxes on precious metals, because it forces people to continue using U.S. dollars as money.

    When Americans eventually abandon the U.S. dollar, politicians won't be able to have the Fed print the money to fund their deficit spending, because the dollar won't have any purchasing power. The U.S. Constitution states that only gold and silver shall be used as legal tender. NIA believes that fiat U.S. dollars are unconstitutional and we must move back to sound money if our country is going to survive as an industrialized nation. However, don't let taxes persuade you not to purchase gold and silver. When hyperinflation arrives, taxes won't matter because you will be able to sell an old pair of tennis shoes to pay off your entire tax bill. During hyperinflation, the government will fund more than 99% of its spending by printing money and less than 1% through taxation.

    7) So reading between the lines in the new Senate bill to adjust the 401K, is this the start of the government trying to control these funds like they stole gold from the population back in the 1930s?

    The new Senate bill is the government's attempt to stop Americans from borrowing against their 401K so that less Americans are able to buy gold and silver. NIA has countless members who tell us they are borrowing against their 401K in order to buy gold and silver. This is allowing them to protect their 401K money from hyperinflation, because their 401K doesn't give them the option to invest into gold and silver. 401Ks usually only give Americans very limited investment options, which almost always include U.S. treasuries. This is something the government is OK with because it helps fund their deficit spending.

    By Americans borrowing against their 401Ks and buying gold and silver, they are betting against the U.S. dollar and the government wants to prevent this. By forcing Americans to invest into U.S. government bonds and not giving them the opportunity to use their savings to buy gold and silver, they are able to steal the purchasing power of Americans through inflation. If everybody was able to buy gold and silver with their 401K money, the U.S. dollar would immediately collapse and the government would have no way of funding its budget deficits.

    8 ) Since the U.S. has reached its debt ceiling, will hyperinflation occur soon after August if Congress does not raise the debt ceiling and the government is forced to default on its debts?

    By the government claiming it will default on its debts to foreigners if they aren't able to borrow more and get more deeply into debt, it is admitting to running a ponzi scheme. The debt ceiling will be raised and even if it wasn't, it doesn't mean the U.S. will have to default on its debts. With our current record low interest rates, the U.S. certainly has enough tax revenues to continue making payments on its debts if it made major cuts in other areas of the budget. If the U.S. did default on its debts, that itself wouldn't cause hyperinflation. What will cause hyperinflation is if we continue printing the money to pay back our debts, which is what NIA is deeply concerned about.

    9) I was a supporter of Ron Paul, but was horrified by his comments that he thinks it's a good idea for the U.S. to sell its gold. Some day the U.S. may need its gold to go back on a gold standard. What are your thoughts?

    We believe Ron Paul is only saying this because he doesn't believe our gold reserves actually exist at Fort Knox. The last real audit of our gold reserves took place in 1954. In the audit that supposedly took place in 2005, KPMG LLP only audited the mint's fiscal year 2005 financial statements and never saw any physical gold or even went to Fort Knox.

    By suggesting we sell our gold reserves to help pay off our national debt, we feel Ron Paul is only trying to get Congress talking about our gold reserves. He wants to make it a mainstream political issue so that the public demands an audit of Fort Knox and our nation's gold reserves. NIA agrees with Ron Paul that we need to audit our gold reserves and find out if the gold we are supposed to have really still exists.

    If in 1971 the U.S. government was forced to admit that it couldn't pay the gold it owed to foreigners and defaulted on its gold obligations by ending the gold standard, NIA believes the odds are that our gold reserves either no longer exist or have been compromised in some way. NIA does not support selling our gold reserves and we don't think Ron Paul truly does either. Don't worry, if Ron Paul says that he supports selling our gold reserves, the rest of Congress will automatically want to do the opposite.

    10) I would like to gain more knowledge financially. Where should I start? What should I do to gain more advanced knowledge?

    The way NIA's co-founders became economic and stock market experts was from a very young age, reading the SEC filings of publicly traded companies. Every single day, they would read the latest annual report called a 10-K of a company they were interested in and had knowledge about.

    NIA's co-founders started to do this when they were just kids. They would read the 10-Ks of companies that produced video games, action figures, or other items that they bought as kids. It is amazing just how much financial knowledge you pick up this way. If you don't understand some of the terminology contained inside of a 10-K, then simply go to http://investopedia.com and look up the word in their glossary.

    For somebody who is starting from scratch or already has basic financial knowledge and wants to become an expert on the stock market, these simple steps are by far the best way to go. You will learn a lot more this way than by going to any college. If this is something you are truly interested in and have a passion for, you will have a lot of fun and enjoy doing it.

    We suggest picking a different company each day from our stock suggestion page and if it is an American company, reading its annual report by going to http://sec.gov and clicking on "Search for Company Filings" and searching for the company's name and pulling up their latest 10-K. If it is a Canadian based company on the TSX you will need to go to http://sedar.com and search for its annual report there.

    NIA is not an investment advisor. NIA's NIAnswers are meant for informational and educational purposes only. Never make investment decisions based on any information contained in any of NIA's NIAnswers. Just because many of NIA's previous economic predictions and forecasts were accurate, doesn't mean NIA's future economic predictions and forecasts will be accurate. All of NIA's predictions and forecasts could turn out to be completely wrong.

    It is important to spread the word about NIA to as many people as possible, as quickly as possible, if you want America to survive hyperinflation. Please tell everybody you know to become members of NIA for free immediately at: NIA

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