"One of the world's most famous market analysts just revealed his two favorite 'wealth fortress' investments for protecting his - and your - money...

"And I can give you both those recommendations - plus 12 months more of his insightful newsletter - FREE."

(See below)...

Dear Forward-Looking Reader,

One of the smartest - and richest - investors I know says he will NOT buy any stocks this year.

Not a single one. He won't buy gold, either.

Or bonds or mutual funds. And real estate?

Not on your life.

He's convinced that's ready to implode too. And when it does, billions of dollars in personal, corporate and bank "property wealth" will vaporize overnight.

You have less than 12 months to protect yourself.

Three disastrous, yet inevitable events will make this happen.

And here in this letter is what one of the world's most famous and savvy investors recommends you do (because this is practically note for note the strategy he'll be using to protect his own enormous fortune)...

A Rare Opportunity to Get Rich
While Protecting Your Money

First, let's put this in context.

I am the messenger.

The man who's actually revealing this for us would never write to you directly the way I'm doing now. You'll see why, in just a moment, when I reveal his name.

In fact, over the last several decades, this same brilliant analyst has already played adviser to working central bankers, top politicians and some of the world's wealthiest and smartest investors.

You'll instantly recognize that he's a virtual celebrity in the financial world. I tell you this only because I want you to understand what a rare opportunity I'm offering... this analyst is generous with his profound market insights, but he's classically tight-lipped when it comes to sharing actual investing strategy.

Especially when it comes to telling you what he does with is own wealth, which is substantial. However, we've gotten him to lift the ban and start talking, just this once, in a recent one-on-one conversation that took place on the terrace of his luxury Mediterranean apartment.

A chance like this does not come around twice in a lifetime.

So I can only hope you'll leap on this opportunity to review these two "wealth fortress" moves yourself, to consider whether they're right for you... along with the other three investments I'll share with you today.

How legendary is the man you're about to meet?

Former Fed Chairman Paul Volcker is a fan. So was great economics scholar Murray Rothbard, before he died in 1995. In fact, many would, and have, paid thousands of dollars just to sit with this gentleman and hear him reveal the workings of the investing world.

Billionaires and presidents... financial ministers and market makers.... and pretty much anyone else you'd include in a long list of top financial visionaries, experts and inside players... have all studied and followed this man's brilliant market insights over the last half century.

Yet here's the thing: For the first time ever, I'm personally inviting you to join this inner circle of monetary elites... to experience the wisdom of the market genius you're about to meet... and I want you to do this FREE for the next 12 months.

Yes. FREE.

How so?

I'll explain in just a second. I'll even rush you a full investing report that details the two money-protecting moves - plus three more brilliant plays - all founded on the fundamentally powerful insights of the gentleman I'm about to present.

This report will also be yours at no charge whatsoever.

And you can download it just five minutes from right now.

Let me just give you a taste of what you'll find inside.. .

The Only 5 Investments You
Should Own Over the Next 12 Months

The good news is that each of these investments you'll read about is practically automatic. All you have to do is pick up the phone and make a call.

One of these investments is a very simple, but powerful hedge against a collapsing stock market. The payoff should be huge - about 600% over the next nine-12 months ahead.

The second investment is a mighty, mighty hedge against the forces of dollar weakness and inevitable inflation. You should do extremely well on this one too, especially in the wake of new Fed Chief Ben "Printing Press" Bernanke and the boneheaded, dollar-destroying moves of the Federal Reserve.

If you do nothing else with your money this year, I urge you to consider making at least these first two money-protecting moves. You can read all about them - plus three extra recommendations worth considering - in your free copy of an entirely new report, called The Wealth Fortress Report: The Five Safest Investments You'll Make This Year.

I spent several thousand dollars pulling together the team of experts and piles of research that went into this report. At the core of our efforts is the live transcript from a six-hour interview with the legendary market genius I've been telling you about.

See, I sent my best U.S. analyst, professional portfolio manager and financial journalist Eric Fry, specifically to meet with this man. They met on the French Riviera. And talked while sipping wine and looking out over the sparkling Mediterranean.

(Talk about a dream assignment... I'm sure Eric was pinching himself.)

But it wouldn't matter if this - what's sure to be a historically significant interview - took place in the heart of Boise, Idaho. Because the details and forecast it will reveal to you will electrify you.

What Eric revealed when he came back with his report was shocking to say the least.

Three urgent trends... culminating in three deadly market events... that could cost accumulated American investors billions of dollars. But could make a handful of well-protected, well-positioned market-savvy elites exceedingly rich.

This will all add up for you the moment you see for yourself, inside the FREE report.

For instance...

"Wealth Insurance" That Yielded as
Much as $8 Million in Under 4 Minutes

One of these moves you could almost consider "wealth insurance."

In fact, I should tell you, I actually witnessed our same market genius MAKING one of these two investments moves myself. From my office, while I was working in Paris. And from what I can tell, he socked away about $8 million in a very short time.

With one phone call.

See, this was back when I was working on my first book, Financial Reckoning Day, with my esteemed colleague and co-author William Bonner. (It later went on to become a New York Times Best Seller).

This gentleman I've told you about... he was in town to meet us for lunch. Since he lives only about three hours by train from Paris, he did this often. Now, I want you to picture this...

Our friend is an older man. Distinguished, with a white suit and a silver-tipped cane. He has his own private fortune, drives a gorgeous classic Mercedes and had just paid cash - for the second time in just a couple of years - to get himself some swanky, luxury digs by the sea. Not bad.

The chair he sat in was at someone else's desk. He asked to borrow the phone.

Seconds after dialing, he started chattering into the phone in German. It was his broker. Within minutes, he smiled and said goodbye. Then he hung up.

"That," he said, "was for my children."

Over red wine and sirloin, he told me what he did. It was very simple. An uncomplicated currency play, with the intention of making a fortune betting on one of the most reliable, ongoing trends in finance: the methodical and relentless demise of the U.S. dollar.

How did it work out?

He made yet another fortune. It being a personal trade and he being such a gentleman, I didn't want to ask. And I knew he wouldn't tell.

But this much I can say: I know approximately where he got in. And if he got out when I think he did, his net haul must have been close to $8 million. On that one trade alone!

Impressive? Absolutely.

I can't give you the exact numbers because, frankly, it being his own private trade, I just don't have them. What I can tell you is this: The whole move itself was elegantly simple. I understood how it worked the moment he explained it to me. And I'm sure you'd "get it" too. Immediately.

The best part is this is something one can do on a "standing" basis. That is, if you like the logic of this, you'll be able to do this yourself over and over again. With an extremely reliable and ongoing payoff... practically certain thanks to the three trends I'll reveal to you below.

But this, of course, wasn't all.

During our conversation, this mysterious millionaire we're talking about mentioned a second strategy. And this one, too, is something he keeps in place all the time, letting it roll over and "self-renew." It's also NOT a stock trade. Quite the opposite. Because it makes you the most money when stocks are not performing at all.

Doing this is also very simple. And over the rest of 2006, I'd like to show you how we can use this one self-renewing strategy together to make you extremely rich. Let me show you how this works...

"Portfolio Insurance" That Could Churn Out
600% or Better, Less Than 12 Months From Now

He's a trusted friend and advisor to former Fed Chairman Paul Volcker and respected financial gurus like Richard Russell, Doug Casey, Martin Weiss, James Grant and David Tice...

He's the former chief economist for one of the world's largest banks... and his shocking financial revelations have drawn heat from even presidents of major nations and chiefs of state...

And for nearly 70 years, he's been one of the world's foremost figures of finance, giving private recommendations to investors worth a billion dollars and more...

Who is this man?

You'll find out in this special report, where I've also got a rare chance to share his three most dire predictions for 2006... to offer you five extremely lucrative opportunities you can use to protect yourself... and, if you're willing, to give you a full year of his exceptional advisory service, absolutely FREE!

Read on to find out more...

I expect anyone who follows this second move - over the next 12 months - to make as much as five or six times his money.

The genius I've just told you about, in fact, finds something very much like this every nine months. He won't tell just anybody what it is. In fact, we practically had to twist his arm to find out ourselves.

As I said, this second investment is a kind of "wealth insurance" against major stock market corrections. Sure, you say, but what if the stock market doesn't correct?

That's the thing. The three shocking predictions I'm about to reveal - straight from the interview I've told you about - definitively prove that a massive correction in the U.S. stock market... and in the entire U.S. bubble economy, including real estate... is just months away from impacting U.S. investors.

The financial fallout will be the most disastrous you or any other U.S.-based investors have ever seen. But a few smart investors will come out just fine, making a fortune even as the major indexes fall apart. And it's these five simple investments I'm telling you about that will help protect them and protect every dollar they have invested.

The bigger the market move and the bigger the correction, the better these smarter, more prepared investors will do. It's that simple. And I'll show you how in this special report.

You'll want to be prepared.

I can't think of a better way to get prepared than for you to do exactly what I'm about to show you how to do. It starts with everything you'll find in the new investor's briefing I want to send you, The Wealth Fortress Report: The 5 Safest Investments You'll Make This Year.

Then, just to be sure you're ready, I want to give you 12 straight months of what I and many of the world's investing elite call the most valuable investment advisory service available on Earth. FREE.

Why so bold?

Because I've seen what this market genius has done and predicted in the past. And now I know exactly what he foresees for the turbulent months ahead...

Shocking 2006 Prediction No. 1:
The Credit Trap Finally Snaps Shut

What happens when you pull the plug on a dam or levee?

Water rushes in. Soon, it rushes in faster. The hole gets bigger... until the wall itself crumbles under the pressure. That's a perfect metaphor for what you can expect ahead.

The U.S. consumer... the U.S. government... in fact, the entire U.S. economy... is living on borrowed time. The credit trap is about to snap shut. The wall holding back a tidal wave of financial pressure is about to collapse.

And if you're not careful, you'll get caught in the way.

See, here's the problem: We've borrowed too much.

Way, way too much.

Look at this chart...

The plunging line shows how much money we're saving right now.

The soaring line shows how much more we're paying just toward the interest on our rapidly mounting debts. Make note, that's just the charges on the borrowed money. Not the payment on the borrowed money itself.

It's like the claws of a gaping trap, getting ready to snap down on the average overexposed American. And when it does, expect financial disaster.

Here's the big problem...

The powers that be say that this trend of overspending and under-saving is all part of the recovery ahead. Washington's new favorite economist, Ben Bernanke, even talks about the dangers of a "savings glut" in other countries.

All while old Fed favorite Alan Greenspan has just kept on urging us to spend, spend, spend. Even if we have to borrow to do it. He's like a heroin dealer, pushing loose money and feeding the American addiction to credit until many of us have no choice but to keep on borrowing more, just to survive.

Until now, it was high treason to point this out.

Nobody had the guts to breathe a word.

But at last, people are speaking out. And leading the pack is the very same financial and economic genius I've been telling you about. In fact, you could say he's so angry about this, he's pounding the pulpit.

And that's just fine with me. It's also fine with the other investing elite who have latched on to this gentleman's advice. Because within the year when amateur investors start to panic, this small group of advanced investors will have used this man's insight not only to stay rich... but also to get richer.

If you're following his coverage when the crisis comes, I firmly believe you'll stay safe and get richer too. And here's the start of the message he's urged me to deliver to you:

Thanks to years of imprudent interest rate manipulations by the Federal Reserve, the entire house of cards underpinning the U.S. economy cannot but HELP to fall apart. And it's almost guaranteed to happen, now, very soon.

It's that simple.

See, loads of easy money and open credit are terrific when an economy is soaring. Credit can help a business expand. It lets you invest in the future. It even lets you enjoy life a little better on the way up, making it possible to bank on riches yet to come. And our fellow Americans have been lapping up the opportunity, loading up on new cars, newer and bigger houses and lifestyles they couldn't normally afford.

The trouble is, the moment all that excess credit is withdrawn, everything falls apart!

House prices fall, stocks fall, U.S. bonds fall, the dollar falls, everything falls. Because liquidity is sucked out of the system. Nobody has money to spend. So there's no demand for the assets that only those with lots of credit and easy money can typically afford.

At this very moment, this is the gravest danger facing the American economy. Worse than terrorism. Worse than waning energy supplies or energy war. Worse than petty Washington infighting or scandals.

With our credit-driven economy so out of control, this could spell the end to the American economic experiment itself. Very quickly and with disastrous results, for all but the investors who were smart enough to protect themselves as early as possible.

Take a gander at this...

The Insidious "Leveraged Effect"

It all has to do with leverage. Credit compounding on credit. What's bad already gets worse because these days everything is leveraged to the highest degree in history.

And when one leveraged asset starts to tumble, the rest can't help but tumble too. Homeowners buy homes with "zero-money-down" mortgages. Huge derivative instruments plague the stock market. Thousands of loans go bust, pulling down the banks along with them.

The hole in the levee just gets bigger and bigger.

For this very reason, I'm convinced the economy is headed for a fundamental breakdown.

But thanks to the man I'm telling you about - a man who has been, by the way, one of the world's foremost economists and who has studied exactly these kinds of market situations for the last 67 years - there are ways to protect yourself.

In your personal copy of The Wealth Fortress Report: The 5 Safest Investments You'll Make This Year, it's all revealed. You'll read about a crisis-countering money move that will not only dull the impact of this coming crash, but will make you richer besides.

It's a "set and forget" strategy that's very simple to put in place. And once it's done, you can let it manage itself, rolling over until the moment you need help countering the impact on your wealth that's certain to be caused by a collapsing economy.

In The Wealth Fortress Report: The 5 Safest Investments You'll Make This Year, you'll learn how you could multiply every $1 invested into as much as $5 or $6 when this crash comes... for gains as high as 600% in less than a year's time.

All that needs to happen to make this work is for the man I'm telling you about to call the right moves in the major markets. He's done an extremely large amount of research already. He and I are going to share it with you. And then you can judge for yourself to see if you agree that he's right. All you have to do is read the report.

But I'm being rude.

I keep on talking about "this brilliant gentleman" and I haven't even introduced him yet!

How an Assassin's
Bullet Started It All

You could say Dr. Kurt Richebächer (pronounced Reek-a-bah-kur) discovered his love of journalism in pre-World War II Europe, when his father sent him to Great Britain to study English. Young Richebächer read three papers a day until he was perfectly fluent.

Or you could say it all started when Richebächer graduated with honors from a college in war-torn Berlin, where he discovered his love for economics and went on to get his doctorate.

He fast became the best-known financial journalist in Germany, and a razor-sharp critic of what he saw as the stupid economic and fiscal policies of the post-war German government. By 1957, he'd graduated to London and became one of the top commentators there on British economic policy.

You don't get that far without ruffling a few feathers. Even then, Richebächer was so blunt and accurate in his analysis that years later presidents of major nations and chiefs of state would demand his head.

But where it all really began for Kurt Richebächer was in 1964. That's when he took over the post of chief economist and managing director of the world-famous and massive Dresdner Bank.

It was part of Kurt's role to advise billion-dollar banking clients what to watch for in the unfolding world economy. Some of the top financial minds and richest people on the planet followed his every word.

Kurt didn't care about pulling punches. He didn't avoid controversy. He just told it like it was, giving the bank's über-rich clients every possible insight they needed to protect and grow their money. The clients couldn't get enough of it. But German Chancellor Helmut Schmidt wanted it to stop.

So much that he personally begged Jürgen Ponto, then the chairman of the Dresdner Bank, to put Richebächer on a leash. Ponto couldn't bear to do it. He knew what Richebächer had to say was too important.

So instead, Ponto defied the chancellor and helped Richebächer find a way to publish his market and economic analysis under his own name, while Ponto himself helped protect Richebächer's right to publish his scathing observations.

However, on July 30, 1977, Jürgen Ponto was murdered.

It was a kidnapping attempt gone horribly wrong. It was a tragic turn of events. And a tragedy for the bank too. But it was this, more than anything, that changed the course of events and forced the creation of one of the most respected financial advisory letters ever produced, The Richebächer Letter.

See, with Ponto gone, Dr. Richebächer finally decided he would have to make a clean break from the bank and publish his groundbreaking reports entirely on his own.

At his Dresdner farewell party, former Federal Reserve Chairman Paul Volcker was one of the guests. Another was famous Wall Street economist Henry Kaufman. And today, Dr. Richebächer now counts some of the most successful and richest investors in the world among his readers.

Even Dr. Richebächer's list of personal friends reads like a list of the greatest financial minds of the late 20th century... both Richard Russell and Martin Weiss, two financial market legends, have had him as both guest and friend... some of the world's greatest economists have sat down with him for dinner... even Paul Volcker himself once said, "Sometimes I think it's the job of each Fed chairman to try to prove Richebächer wrong."

Then there was the late great economist John Exter, once vice president of the Federal Reserve Bank of New York and the man who first warned Washington against taking the dollar off the gold standard back in the 1970s, who was also a big fan. Of Dr. Richebächer, Exter said, "I have the greatest respect for Dr. Richebächer. He is one of the best economic analysts in the world."

Talk about having friends in high places.

But Dr. Richebächer has earned every one of them. By doing something in these turbulent times that few other market or economic analysts ever consider doing...

Better Than "Hot Tip" Investing

Dr. Richebächer doesn't give these men "stock picks" or "hot trades."

He's not that kind of analyst.

Like I said, I even had to twist his arm just to get the exclusive recommendations you'll read in your personal copy of our newest briefing, The Wealth Fortress Report: The 5 Safest Investments You'll Make This Year.

What he does for them instead is share the same crystal clear and cutting-edge insights into what's really happening that made his scathing analysis so popular with... and so powerful as a strategic weapon for... the billionaire clients of the Dresdner Bank.

It's no accident so many of the investing elite keep coming back to him for this, either.

As the dollar first started to plummet, Dr. Richebächer's readers socked away 20%... 46%... 96%... 101%... 292%... and 425%... just by hedging against the erosion in America's core currency. That's an average of 163%. In another one-month trade, a single move - an option pick on the Japanese yen, based on Dr. Richebächer's private analysis - hit for nearly 68%.

And these are exactly the kinds of impressive gains sophisticated and well-heeled investors have gotten used to making with Dr. Richebächer's insight all the time... thanks to his visionary grasp of what's about to happen to stock and bond markets, to major currencies and economies and fickle interest rates.

He shows them how to shield their money from risks. And how to pounce on major trends. He helps them sift through long-term trends and capitalize immediately on the shorter ones. Dr. Richebächer has fast becomes the "advisor's advisor," producing the one newsletter that many of America's most famous newsletter and industry experts subscribe to before they tell you what they think is about to happen in world markets.

And I'm offering, at the end of this letter, to let you in on this circle of brilliant market and economic analysis... trusted by the world's most intelligent investing elite for more than the last three decades... absolutely FREE.

Like I said, I'll explain how at the end of this letter. I'll also show you how to get a personal copy of our powerful new briefing, The Wealth Fortress Report: The 5 Safest Investments You'll Make This Year.

And I'm convinced you'll be very pleased with what you see. But before I do that, let's get back to the next in a series of dangerous economic events Dr. Richebächer has predicted for the turbulent 12 months ahead...

Shocking 2006 Prediction No. 2:
"No Way Out for America!"

"The American economy is like a bicycle," says Dr. Richebächer, "when it stalls, it falls."

Contrary to what Washington and the Fed want you to believe, our economy has already started to stall.

The moment the credit trap snaps shut in the way I just described, the U.S. economy won't just fall... it will collapse entirely.

Once you see the eye-popping proof Dr. Richebächer is sharing - right now - with his private circle of Richebächer Letter readers, you'll understand why.

But even here, I can show you enough to get the idea. For instance, consider: the current Washington administration alone was supposed to put an end to big government. Yet so far it's outspent every president except Lyndon Johnson!

We could blame that on all kinds of unexpected reasons: the War on Terror, the wars in Iraq and Afghanistan... the list of excuses could go on. But the fact is, even those immense costs are but a fraction of the total waste Washington's continued to create. Today, gross national debt is cresting an unbelievable $8 trillion and counting. That's an average debt for a family of four of $107,000!

But it's not just this year's government. Not at all. The truth is, politicians have NEVER really done us any fiscal favors. Going all the way back to 1913, government spending rates have soared 10 times faster than America's economic growth!

Could you imagine?

What if generations of your family, going back over decades, has always spent money 10 times faster than the family breadwinner could bring it in the door? You'd be worse than broke. You and your children and your grandchildren, if the family line could last that long, would drown in debt.

And that's exactly what's happened.

When you combine all the government spending and all the private spending... America as a whole is in the red by a mind-blowing $40 trillion!

That's an awful lot of money to owe. Especially when there's little hope of paying it back. Manufacturing is usually the key for an economy. It's the money multiplier we would need to turn things around. America is, after all, supposed to be the leading economy of the industrial world.

But you've seen the trend. We have no advantage in industrial exports anymore. Instead, we're buying more and more from industries overseas. Worse, we're dismantling our factories and shipping them - and our jobs - overseas too.

Is there any way out of this mess?

"No, absolutely not," says Dr. Richebächer. And he should know, since he's studied exactly this kind of trends and hidden data for the bulk of his 87 years on Earth.

"It's just not possible," he says, "the imbalances are simply too great."

Yet, where else will you hear anyone with the guts to speak up like this? Most of America's hired hacks - including all those Harvard economists, who Dr. Richebächer himself calls "useless" - are all too happy, instead, to toe the party line.

"Strap on your rose-colored glasses," they say, "$40 trillion in debt? Relax, we're just getting started! And I feel fine!"

Here's what Kurt told his readers...

"I am dismayed at the low level of U.S. economic thinking. Elementary insights into economic processes that have been accepted by all schools of thought for more than 200 years are unknown, discarded or even put on their head. The facts are that you have serious structural problems that exclude any possibility of a sustained economic recovery... A profits decline, a record savings shortfall, a capital spending collapse, an unprecedented consumer borrowing and spending binge, a massive current account deficit, ravaged balance sheets and record high debt levels."

It takes guts to talk like that.

Especially now, while just about everyone else who should know better seems to have gone blind. But fortunately, this is exactly the kind of bold and controversial truth-telling you'll find in The Richebächer Letter. And this is exactly why Dr. Richebächer is widely regarded as one of the most advanced, intelligent and sought-after economic and financial analysts alive today.

No, the "Good Doctor's" reports aren't always easy to swallow. After all, he's an old-school economist with complex ideas that, frankly, will soar over the heads of some less-experienced investors.

But sometimes, that's just the way it has to be.

For those who can grasp the big ideas and who can invest in the "big picture" insights the Richebächer Letter is so famous for providing, the opportunities to invest more safely and more profitably are ample indeed.

If you're this kind of advanced, big-thinking investor, then I know this is exactly the kind of rigorous financial insight and analysis you surely already hunger for. And it's exactly the kind of big, extremely beneficial thinking Dr. Richebächer already provides.

You'll get a taste of all this - and then some - in the new private investors briefing, The Wealth Fortress Report: The 5 Safest Investments You'll Make This Year, which I'll send you immediately, as soon as you say the word.

But my real message to you today is that, at the end of this letter, you'll have a rare opportunity to gain access to all this elite, advanced investing information... absolutely free.

And I've got some more news for you too.

It has never been more vital for you to have access to a resource like this, one that can lift the veil on the unvarnished truth about what's really driving - and not driving - the unstable world economy.

The dangers loom large.

When those same dangers come home to roost, who knows where you'll be financially? But if there's one thing that's clear, it's that Dr. Richebächer's readers are in the right place already to protect their wealth... and even make money... while other investors merely struggle to survive.

Sure, pinpointing the exact moment for the collapse won't be easy.

Just like it's not always easy to know exactly when a Chevy in a tailspin on an icy highway will make impact with the guardrail. But the fact of the matter is, when a situation is this much out of control, you know impact is guaranteed at some time... and better to be prepared now instead of waiting, when it could be too late to do a thing.

And mind you, "too late" for the American economy is getting a lot closer than it might seem...

  • From the three decades leading up to the 1980s, U.S. consumers had to take on about $1.40 in debt for every $1 tacked onto the U.S. GDP. Now we're averaging nearly $7 per every $1
  • Just in the second quarter of 2005, U.S. debt grew four times faster than GDP. This is absolute insanity, because all that debt eventually has to be paid back!

  • The Feds say U.S. inflation is "under control," but even at the official rate of 4.7% it's by far the worst in the industrialized world. And those official rates are grossly understated (see below)
  • There's no such thing as a "jobless recovery." But get this - the U.S. economy has added ONLY 62,000 new jobs over the last five years! And most of those are government related. Private employers cut over 700,000 jobs over the same period!
  • From March 2001 until now, we would have needed to add 8 million jobs just to keep pace with the growth of the U.S. working population, which grew by 12.8 million people. If you can't work, you can't buy cars and televisions or pay off your credit card bills. It's that simple. And without that, a credit-driven economy is in deep trouble
  • Every passing minute, we give away $1 million more in new purchases to China than we take in making things they want to buy from us. The U.S. trade deficit is the biggest in history, at over $600 billion and climbing. How can our economy be in "recovery" when it's knuckling under at a record-breaking rate to overseas competition?

  • America barely makes anything anymore. Our manufacturing base is about 60% smaller than it once was at its peak. The number one sector for new jobs in America is the "service sector," behind 90% of new employment just in the last year. And the number one company for creating new jobs? McDonald's.

Here's the real irony.

Even as Dr. Kurt Richebächer works to reveal these shocking numbers to the investors who need them, our own government works just as feverishly to cover them up!

The "Facts" From Our Government
Are Nothing Short of Outrageous Fraud

Let me ask you this.

If Enron, WorldCom and Global Crossing can fake their revenues... if Shell Petroleum and OPEC see fit to lie about their total oil reserves... why wouldn't politicians, who get appointed, elected and re-elected based on economic performance, see fit to lie their way through office too?

And they do.

Take unemployment. If it's low, that looks good. And right now, we're supposed to believe it stands at "5.5%." Problem is, changes under both Clinton and Bush have reinvented the way we calculate those numbers... to Washington's advantage.

For one, they don't include the ex-workers who can't find new jobs. After six months of searching, those unemployed job seekers just fall off the books. They go "invisible." About 5 million unemployed Americans have now earned "invisible" status.

If you use the real statistics to calculate unemployment, the way we used to calculate it back in 1980, the real unemployment rate is a much more devastating 12.5%.

That's worse than the unemployment rate in China, France, Germany or Italy. And about four times the unemployment rate in Mexico!

The same is true for the real inflation rate.

I showed you earlier that official inflation is about 4.7%. That's high, compared with other industrialized countries. But the real rates are much higher. If you annualize the inflation rates of the last available quarter in 2005, you're talking price inflation of an incredible 10%.

It's like living in the 1970s all over again. Only this time, there's no Paul Volcker to kick-start the Fed and save the day. Meanwhile, if you kick out the government calculations and do the real math on America's GDP, real growth of the economy is precisely 0%.

Not at all the picture Washington wants us to believe.

It's no wonder most Americans - especially investors - just aren't ready for the fiscal winter that's waiting ahead. Then, of course, you've got the disastrous government policy of so-called "hedonic pricing."

This is a mirage of false statistics that lets the government multiply technology spending by many billions of dollars... and then add that to the country's bottom line. On what basis? Simply because, they say, newer computers are faster than older ones.

Here's how it works.

Let's say U.S. businesses just sank $10 billion in actual dollars to buy new computers. That can actually get posted, according to the government, as something like $80-90 billion. Because of the hypothetical productivity that's going to add, somewhere down the road, to America's bottom line.

Could you imagine trying to collect a paycheck based on that kind of claim? It's like buying the top-of-the-line exercise bike and pretending that not using that will get you in better shape than the bargain bike you never used either.

The government does the same with software. Over $300 billion in software spending by U.S. companies gets counted as an investment instead of a plain business expense. And then that gets folded into GDP growth too.

All this made-up technology growth alone is calculated as an incredible 40% of the growth of America's GDP. Even though the entire computer and software industry is, in reality, just 2% of the U.S. economy and provides just 4% of America's jobs.

Rejiggering numbers in Washington is easy. Because the regulators work for the syndicate that's cooking the books. So the Feds are free to invent phony jobs, phony spending and now... a phony recovery.

So far, too many investors have been fooled.

But not readers of The Richebächer Letter.

Dr. Richebächer was one of the first brave economists to expose these kinds of government lies. But this deception today, he says, has been the largest and most insidious of them all.

Unfortunately, now that he's exposing the frauds for what they are, the real numbers completely blow the American prosperity and productivity myth out of the water!

But sometimes the truth isn't what we'd like to hear. It's what we NEED to hear. And that's what Dr. Richebächer's readers have been so grateful for, with every issue of his private, highly praised Richebächer Letter.


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