The Four Days That Will Forever Change Your Life

We’re coming down to the wire…T minus 3 weeks until the Wealth Masters International m2 Wealth Conference, at the gorgeous Paris resort in Las Vegas, November 15-18!  And importantly, the final day to reserve your seat is October 30…so read this news release carefully. 

Over the last two months we’ve been sending a series of emails about our world-class gathering of the brightest minds on the planet ….each a different chapter in a book that has the potential to dramatically impact the rest of your life. But only if you are in attendance… 

Many of you have been counting down the days, hours, minutes until the m2…and for good reason.

Sure, WMI is giving away TWO homes valued at $150-200k, and sure, you will have the opportunity to walk away with thousands of dollars in cold hard cash, or with scores of gold and silver and silver coins in your pockets, but these reasons barely scratch the surface as to why you should attend.  

Simply put, this is our most important event to date. The greatest transfer of wealth in history is underway and over $50 trillion will change hands over the course of the next 5 years. Based on the insiders secrets that will be shared privately with you during these 4 days, you have the opportunity to capture more than your share of this once in a lifetime, generational wealth opportunity. 

Here is a brief recap of just some of the world-class speakers we have in store for you: 

Peter Schiff is a world renowned economist, author, and commentator who was an economic advisor for Ron Paul’s campaign. Peter predicted the U.S. housing bubble, subprime mortgage crisis, and overall economic meltdown. A regular on prominent US financial news programs, his eerily accurate predictions have commentators dubbing him the “Nostradamus of US Finance”. 

Wayne Allyn Root was the 2008 Libertarian Party Vice Presidential Nominee. Wayne  is WMI’s Senior Economic Advisor and has achieved world-wide acclaim as a CEO, entrepreneur, and trail blazing politician.  He is the creator, executive producer and star of “Wayne Root’s Winning EDGE” national TV and radio shows.  He was a former anchorman and TV host on Financial News Network (now known as CNBC). 

Dakota Root daughter of Wayne Allyn Root this young Olympic hopeful is a world class fencing champion driven by an ambitious competitive spirit. At the young age of 17 her resume already includes a Presidential nomination speech, two perfect SAT scores (reading & writing), and a black belt in karate. Dakota stands as a role model to home schooled children everywhere and is currently being courted by prestigious Ivy League Universities such as Harvard, Yale, and Princeton. 

Marc Bruner has created over $10 billion in shareholder value through the companies he has personally founded. Included among these is Ultra Petroleum, which went from less than $1 dollar per share to $200 per share in less than 10 years. He is recognized globally as a pioneer in founding and developing unconventional energy companies. At this m2, Marc will be discussing his current companies and his views on where the next fortunes in the oil and gas industry will be made. If you are serious about the opportunity to build massive wealth, this is a presentation you cannot miss. 

 Andy Andrews is hailed by a New York Times writer as a “modern-day Will Rogers who has quietly become one of the most influential people in America.”  Andrews is renowned as an internationally-known speaker and a novelist who has incorporated his heartening personal story with the life-changing experience that quickly followed.  By age 19 Andrews had already lost both his parents and soon found himself living in the streets.  It was during those trying times that Andrews formulated “The Seven Decisions” a life-altering tool that transformed his life.  

Jeffery Combs is the Founder and President of Golden Mastermind Seminars. This marketing guru has committed himself to helping people change the way they act and feel in order to achieve their goals and dreams. He knows first-hand what it’s like to ride the rollercoaster of success and failure. Look for Jeff’s passion and unique abilities to assist you with the lifestyle you’ve been searching for. 

Gwen Olsen is recognized as the Rx Reformer and is the author of the best-selling autobiography, Confessions of an Rx Drug Pusher.  Olsen spent more than a decade as a sales rep in the pharmaceutical industry and learned firsthand how an unprecedented number of lethal drugs are unleashed into the market.  She became a victim to antidepressants and lives now as both a survivor and advocate against psychiatric abuse. Gwen will completely change the way you view the prescription drug industry. 

Mike Maloney is the owner and founder of GoldSilver.com and has been the precious metals investment advisor to Robert Kiyosaki, who is the author of one of the most successful financial books in history, Rich Dad, Poor Dad.  Maloney himself is the author of Guide to Investing in Gold and Silver, which is a part of Kiyosaki’s Rich Dad’s Advisors series of books.  Routinely considered the most sought after precious metals expert in the world, no one is more passionate about the opportunities that exist through gold and silver. 

Peter Bielagus is a licensed financial advisor, is the author of Getting Loaded: A Complete Personal Finance Guide For Students and Young Professionals, has appeared on radio and television shows nationwide, and writes a personal finance column for Boston.com and the Boston Globe’s website newsletter.  Knowing what it is like to be stuck in a financial struggle and bind, Bielagus is the prime example of being debt free and well into financial security.  

Deanna Latson It was when Deanna’s very own family fell ill with life threatening diseases that she devoted her entire life to change her educational focus towards nutrition.  As the Co-Founder of the Good Thinking Company, a provider of success-orientated services, products, and experiences, and Deanna has been delivering her powerful, life altering message for over 20 years.  Deanna is WMI’s resident health expert! 

G. Edward Griffin is a best selling author and documentary film producer with many successful titles to his credit.  Listed in Who’s Who in America, he is well known because of his talent for researching difficult topics and presenting them in clear terms that all can understand.  He is the author of The Creature from Jekyll Island, which is a gripping adventure into the secret world of the international banking cartel and is a must read about central bank power. 

Scott Letourneau has helped over 5,000 entreprenuers worldwide during the last 12 years to get off to a fast start to profits in their business, with his turn-key system to incorporation.  He is known for his direct, brutally honest advice to cut through all the misconceptions about structuring businesses properly. Scott will change the way you understand incorporation, and protecting your assets and business. 

Shelli Ivey will be leading the Health Acceleration Program in the mornings to get your blood really flowing and get you ready for the day.  She started in aerobics for 8 years, was a dance instructor for 10 years, and has received certification in step, kick boxing, weight lifting, yoga, Pilates, aqua, spin, and circuit training.  

Alan Andrus is an experienced market strategist who helped transform a small startup from a penny stock into a billion dollar company. He now trains thousands of individuals ranging from beginners to experts from all across the globe on how to become successful real estate investors. Alan’s expertise in the market, and his unique ability to understand the current trends will give you great insight into what options you should take to secure your future.  

Kristen Kutchem has a wealth of experience as a successful trader and holds 7 FNRA licenses in several states. When she isn’t rooting for her beloved St. Louis Cardinals she travels to preach the benefits of foreign currency, precious metals, foreign stocks, and bonds to eager audiences across the globe.  

Walter Young specializes in creating wealth enhancement strategies for families by applying successful corporate cash-flow management tools and making them available to households. He possesses a unique blend of financial consulting experience with customized strategies catered to the individual. Walter will share his famous program with you, known to have catapulted his clients to long-term sustained wealth.  

Kip Herriage was previously Vice President, Financial Planner, and Money Manager of one of the largest U.S. investment firms for over 15 years.  As the CEO and Co-Founder of Wealth Masters International, as well as the Publisher and Editor of the Vertical Research Advisory, Kip will introduce you to a level of Wall Street insider knowledge that few will ever discover. 

Karl Bessey was a blue-collar worker, spending 22 years as an underground coal miner in Utah.  After 18 years in the industry, he decided to do something that would help him achieve the goals he had always dreamed of in life.  He was introduced to the direct sales arena and in two and a half months was able to fire his boss, ultimately becoming a multi-million producer.  As the President and Co-Founder of Wealth Masters International, he is able to convey his expertise as an award-winning marketing and top producer.  

The largest transfer of wealth in history has begun. Don’t miss this incredible opportunity to witness the most powerful and engaging cast in m2 history.  Keep an eye out for emails regarding the latest updates as we continue to provide our Members and Consultants with exclusive access to the best knowledge in the business. Remember, the deadline is October 30^th……we will see you in Vegas!

Your WMI Team

How Much Higher?

I've been on the road for a while. A combination of exciting WMI business...next level stuff....to due diligence for WMI m2/m3 conferences, and of course for the VRA.

As I've been writing, Dow 10,000 was a certainty, and it doesn't look like this rally is close to being over. There is simply too much strength in the primary leadership....the techs and financials. How much higher can this rally take us? Quite possibly to 10500 or even 11000. Folks, with interest rates at essentially zero, and with the 30 year Treasury paying not even 4%, money managers around the globe MUST chase performance...or risk losing their jobs. On top of this, the next 5-6 months are historically the best time to be invested in stocks....in fact over 90% of all market gains occur during this time frame.

As I've been saying since the March lows, fighting the tape and fighting the FED is almost always a losing battle. This bear market rally is truly one for the record books, and it will end....but not for a while longer.

My best guess is that in the first half of 2010 we will begin to see the damage done by $100 trillion in debt, a crashing dollar, rising rates and inflation. We are in fact seeing the early stages of hyperinflation right now...and don't be surprised to see stocks continue to head higher even when interest rates begin to rise....stocks historically rally through the first 3 times that the FED raises interest rates. However, once rates once again begin to skyrocket (due to a crashing US$), our scary reality will begin to sink in.

Precious metals

Gold continues to make new all-time highs and silver is following closely behind it. Don't listen to those that say that they have moved too far too fast because this move has only just begun. We are headed to $2500 in gold sooner than just about anyone will believe...and it won't stop there.  

Continue to buy gold and silver coins and bars. Buy them every chance you get and don't concern yourself with the price you have to pay....these prices will be a bargain in the months and years to come.

I first recommended gold and silver in 2002 and I will likely be recommending it in 2012. Hyperinflation is going to change everything folks....its nothing short of the largest transfer of wealth in history. Unfortunately for those of us in the U.S., we will be the target of this once-in-a-century event.  

Economic Update - The Calm Before the Storm

The fact that we are already halfway through September, historically the worst investing month of the year, without a sharp drop in the market tells us just how strong the internals continue to be. It also tells us that the market is going to keep rising...for at least a while longer. However, something happened over the weekend that could just change all that...more on this in a bit. Many experts believed that this would be the month that the bear market rally ended, however as long as interest rates continue at record lows, along with key market leadership from the financials and techs, we most likely have a market that will rally well into the winter. Ultimately, this could take the Dow to 10,000 to 10,500.

However...the events of this weekend could also signal a quick return of the bear. A full-blown trade war may have just erupted between the US and China after Beijing accused Washington of “rampant protectionism” for imposing heavy duties on imported Chinese tires late Friday. 

In Obama's first big test on protectionism (which was one of the major reasons the Great Depression lasted a full decade) the President sided with Americas unions, which have been complaining that a “surge” in imports of Chinese-made tires have caused 7,000 job losses among US factory workers.

China’s minister of commerce went so far as to condemn the decision, saying that it “sends the wrong signal to the world” at a time when the US and China should be cooperating to deal with the worst economic and financial crisis since the 1930's. He went on to say "This is a grave act of trade protectionism...", strong words indeed. Whether this leads to anything significant, like the Chinese selling some of their trillions in US dollar and govt. debt remains to be seen, but in no way can this be considered good news for US markets.

Still, every sell-off since March has been met with strong buying, and with over $3.5 trillion sitting in US money markets (earning next to nothing), we should not be surprised if this continues to be the case. I know I sound like a broken record, but as long as we remain comfortably above the 50 and 200 day moving averages, the path of least resistance will continue to be up, as the charts below indicate (from Cash Flow).   

 

There remains a huge conflict between the fundamentals and the price action of the markets.  TrimTabs warned last week that insider selling was at the highest level since May 2008. For every insider buying there were 30.6 insiders selling their stock... and who should know better about the future prospects of a company than the people that are running it?

A great example of fundamentals deviating from a bullish stock market are the number of banks  on government life support. Three more banks bit the dust on Friday-- regulators closed the Chicago based Corus Bank with $7 billion in assets. In Minnesota the Brickwell Community Bank was closed and the Venture Bank of Lacy Washington was closed. The FDIC said the three closings would cost the FDIC fund $2 billion. This brings the total to 92 banks closed in 2009 with many more on the way.

James Bianco-- former researcher at UBS Securities and equity technical analyst with First Boston and Shearson Lehman Brothers--figured bailout spending was equal to the inflation-adjusted cost of the Marshall Plan, Louisiana Purchase, Race to the Moon, S&L Crisis, Korean War, New Deal, Iraq invasion, Vietnam, and NASA - COMBINED. 

All that spending originates as borrowing, and there's no way it'll ever be repaid. It will be inflated away by the Federal Reserve's dollar printing... eroding the value of the money in your pocket, in your bank account, and ultimately in the value of your stocks. Again, this is why we own precious metals.

Gold prices rose again to close just over $1005---a level that had been strong resistance for the last 18 months. Gold is rising due to higher demand, lower sales from central banks and because of the collapsing dollar. As a dollar denominated commodity, gold trades as a direct result of the value of the U.S. dollar.

The dollar index fell again on Friday to close at 76.60---a new 52-week low. The worries over the growing U.S. deficit and the amount of debt created to bail out the financial system is reducing the value of the dollar at free fall speed and there is little on the horizon beside a rapid rise in interest rates that will check that fall. There is zero doubt in my mind that we will see a rapid move higher in interest rates...which will ultimately result in hyperinflation. Don't concern yourself with the scores of economists that are predicting low rates and low inflation...or even deflation. In my 24 years of market research I have yet to see a single year when the majority of economists were right....not ONE single year. Their hindsight seems brilliant but their crystal balls are an embarrassment.

Kip     

Summers Rock!

That’s right…the m2 announcement from yesterday was not a mistake and did not contain typos. We’re giving away not one, but two homes at the m2 Wealth Conference in Las Vegas, November 15-18. 

Total Value...$150k to 200k…which is probably still too low of an estimate. We will have a full film crew there to capture the moment when we give the keys to the new owners…off the charts exciting. I don’t know about you but I never had the opportunity to win a free home. Free oven mitts once, but never a home.   

Over the next few weeks our staff will be sending emails to everyone in WMI (each with new details) about this m2 every 5 days or so. Together, they will paint a clear picture for first time attendees, as well as for repeaters, as to why this m2 is such an important event. Hint: we’re giving away much more than just two homes. By attending, you will also be the first to find out how your income is going to skyrocket in 2010. From inception, one of our primary goals has been to create 500 “enlightened millionaires”, including taking WMI public. You might be surprised to find out how close we are to making this a reality…and turning your stock options into a valuable commodity.   

So, stay tuned and read each “chapter” as it arrives in your inbox. This is an event that you have to attend…as you’re beginning to see. 

Finally, I just wrapped up the best summer I think I can remember. Our youngest (Sam) made the All Star team and we were one win away from winning State (Texas), and then ESPN and the Little League World Series. The best team doesn’t always win…something that we discovered when the other side hit a grand slam in the last inning (to win by one run). But what an incredible time we had…and great memories and life lessons for Sam.

Our oldest (Tyler) just started his senior year in high school, and as you can see below we wrapped up our summer in Maui. Tyler was invited to a college baseball showcase in Maui, so we were forced to turn it into a vacation…darn it. As you can tell, we are a baseball family through and through. 

As everyone wraps up their own summer, I hope yours was great as well. We’re now entering the most lucrative part of the year for entrepreneurs (September – May), and I look forward to helping each of you reach your goals. Let’s make it happen together. 

Your partner in WMI, 

Market Update - August 18, 2009

Just back in from a great end of summer vacation/baseball tourney in Maui....summer is over for the Herriage household and it's back to school today. During a layover yesterday I noticed that the market was getting hammered. Then, when I ran my research this morning Isaw that it was not only a 180 point down day, but that it happened on 90/10 down to up volume.This big rebound needs a breather--small caps jumped 67% from the 343 close on the Russell-2000 on March 9th....all without a 10% correction along the way.

If you go back in history and chart recoveries out of recessions you will NOT find a single 50% rebound off a recession low in only five months except for the bear market rally in 1930, which was eventually erased with an further 82% drop in 1932.

Since 1950 the average length of time to achieve a 50% rebound is 18 months BUT those figures were only produced with real GDP growth of +4.5% from the bottom, an average of 850,000 jobs added to the economy, corporate profits jumping by more than 12% and bank lending increasing by more than 5%. None of those events has occurred in this rebound.

We're likely to see another big plunge lower for one really big reason--the consumer which makes up70% of GDP is NOT ABLE to spend enough money to fuel meaningful growth in GDP over the next several quarters.

The reason they are 'not able to' as opposed to 'not willing to' is because they are still in debt up to their eyeballs and pinching every penny. The consumer is maxed out, has no credit, and will not have for many years to come....so where is this big economic recovery going to come from?

Eighteen months into a deep recession triggered by a credit bubble and consumers have made little progress shrinking a mountain of debt. Until they do, the economy will struggle to grow... likely for years.

Household debt peaked at $13.9 trillion in 2008, almost double the figure from 2000. Since then consumers have cut up credit cards, refinanced outsized mortgages and slashed spending, but they've barely made a dent with household debt STILL at $13.8 trillion, according to the Federal Reserve.

"We really have a long way to go," says economist James Hamilton of the University of California-San Diego. Until the fourth quarter of last year, American consumers had never reduced their total debt in the post-World War II era. Yet the payback or "deleveraging" since then represents a very small step along a very long road.

Household debt peaked at 133% of disposable income in 2007 vs. 65% in the mid-1980s. To pare it back to a sustainable level, consumers will have to pay off - or walk away from - roughly $5 trillion of the total debt outstanding, says David Rosenberg, chief economist of the investment firm Gluskin Sheff. That's more than China's total economic output.

Some debt will be erased through home foreclosures and credit card defaults. But the remainder must be painfully repaid, by consumers holding expenditures below earnings for years. Already, the savings rate, which fell into negative territory before the financial crisis, has jumped to 6.9%.

That's a big change from the pre-crisis period when consumers fueled a consumption binge by borrowing against the bubble-inflated value of their homes.

But it's not enough.

The twin collapse of the housing and stock markets has destroyed more than $12 trillion in wealth since 2007. And wages now are flat-lining amid the recession even as interest charges continue adding to the debt tab.

So as you can see excessive debt will hold back the economy over the months and years ahead. And the recent government efforts are not helping the problem they are making it worse. The 'Cash for Clunkers' program is taking thousands of Americans from driving paid-for cars they can afford into new cars with auto loans creatingmorebad debt in an unsustainable attempt to revive the auto industry. Folks, we've been down this road before. Reinflating this bubble of ours is not the answer. It didn't work in the 1930's and it won't work now.

In addition, insider trading is not telling us it is time to buy. Last week there was 29 times more insider sales by dollar volume than buys by insiders. These are the people who should know when a company is doing good and when there is trouble ahead. Until that sales trend reverses it may be wise to hold off on those long term bullish bets.

Finally, it still looks like the market wants to make a run at 10,000 (after this short term correction). However, if this doesn't start soon, people will begin focusing on September/ October of 2008, along with September/October of 1930.We remember the crash of 2008, and historians remember what happened after the big rally of1930...and the chart comparison is eery tosay the least.