NEW BOOK MAKES WALL STREET NERVOUS
AS FORMER INSIDER REVEALS ECONOMIC SURVIVAL SECRETS
Sugar Land, TX (February 16, 2011) – A new book called Crashproof Prosperity by former Wall Street insider Kip Herriage shows the average citizen things they were NEVER MEANT TO SEE behind the veil of the Federal Reserve, corrupt investment and banking institutions and a financial system on the verge of total collapse. If you’ve suspected that there’s more to the world economic situation than you’ve been hearing from main stream media outlets and government leaders, you may be more right than you know.
In Crashproof Prosperity, just off the presses this week, entrepreneur, CEO and seasoned financial advisor Kip pulls back the curtain on some of the most alarming issues of the day: "As we enter the most perilous financial times of the past 70 years, everyone is looking for answers; Who is to blame for this? How bad will it get? What should I do now? Does the government really know what they're doing? Instinctively, we all knew this house of cards would come crashing down at some point."
Get ready to have your eyes opened and your assumptions challenged. Kip’s brutally honest insights reveal who all bailouts are really for and why they have never worked; how the Federal Reserve System is bankrupting America; why fiat currencies, including the US dollar, are doomed to fail; why we haven’t seen the end of the real estate crisis and how global economies are being irretrievably crippled by debt and a lack of public trust and confidence.
Crashproof Prosperity will forever change the way you think about money and how it really works. Wayne Allyn Root, national media host, author, entrepreneur and 2008 Libertarian Vice Presidential candidate said “Crashproof Prosperity will stand the test of time as a crystal ball for those that read and follow Kip’s sage advice. Kip’s book provides a ‘crisis roadmap’ that can protect and multiply your assets through even the worst of times.”
Having been a highly successful Wall Street money manager and financial advisor for 15 years, Kip knows FACT from FICTION. At the age of 38, he retired free and clear from the securities business to focus full time on leveling the playing field and making wealth-building knowledge available to everyone. “The inherent conflicts of interest on Wall Street make it virtually impossible for the average person to build any real wealth with traditional investments,” said Kip, now CEO and Co-Founder of Wealth Masters International and publisher of the Vertical Research Advisory investment newsletter.
A key point Kip raises in the book is that people need to educate themselves and think critically about the financial reports they hear from government officials and the mainstream media. He encourages the public to dig deeper into data like the Consumer Price Index and federal unemployment figures. “When you put a family’s real survival needs back in the equation, the dollar is steadily losing purchasing power,” Kip asserts, “and the true unemployment rate is much higher than reported when you count the U6 metric that tracks folks who’ve been out of work or underemployed for more than a year.”
Kip is gravely concerned that the government’s spiraling deficit spending and bailout policies will plunge America into a worse economic crash than the Great Depression. His book outlines specific steps everyone can take to GET READY NOW by becoming financially literate, reducing personal debt and adopting carefully researched contrarian investment strategies, rather than continuing to go along with the old investment paradigm. Herriage has recently appeared on the G. Gordon Liddy show and CBS radio and is in demand around the world as a guest media expert, author and public speaker on entrepreneurship. Crashproof Prosperity is available NOW - order and learn more HERE!
Sugar Land, TX (December 28, 2010) – On yesterday’s nationally syndicated G. Gordon Liddy radio show, investment expert Kip Herriage revealed why the economy is worse than the government is letting on and what the average American can do now to prepare. Having been a highly successful Wall Street money manager and financial advisor for 15 years, Herriage knows fact from fiction. At the age of 37, he retired free and clear from the securities business to focus full time on leveling the playing field and making wealth-building knowledge available to everyone. “The inherent conflicts of interest on Wall Street make it virtually impossible for the average person to build any real wealth with traditional investments,” said Herriage, now CEO of Wealth Masters International and publisher of the Vertical Research Advisory investment newsletter.
A key point Herriage raised during yesterday’s live interview was that people need to educate themselves and think critically about the financial reports they hear from government officials and the mainstream media. He encourages the public to dig deeper into data like the Consumer Price Index and federal unemployment figures. “When you put a family’s real survival needs back into the equation, the dollar is steadily losing purchasing power,” Herriage asserts, “and the true unemployment rate is much higher than reported when you count the U6 metric that tracks folks who’ve been out of work or underemployed for more than a year.”
Along with other leading observers like Texas Representative and past presidential candidate Ron Paul – also a guest on today’s show – Herriage voiced concern that the government’s spiraling deficit spending and bailout policies will plunge America into a worse economic crash than the Great Depression. He recommends that everyone get ready now by becoming financially literate, reducing personal debt and adopting carefully researched contrarian investment strategies, rather than continuing to go along with the old investment paradigm. Wayne Allyn Root, a frequent guest host standing in for G. Gordon Liddy, is enthusiastic about Herriage’s message, saying, "Kip's VRA newsletter is a must read for every saavy investor. Disregard it at your own peril. His mantra is my mantra. Kip Herriage's newsletter is my financial Bible."
Herriage follows up yesterday’s appearance on the G. Gordon Liddy show with a live interview on CBS radio later this week and is in demand around the world as a guest media expert, author and public speaker on entrepreneurship, economics, investment strategies and global financial policies. His latest book, Crashproof Prosperity, which outlines many of the subjects covered on this morning’s G. Gordon Liddy show, will be available in January, 2011 (http://wealthjournals.com/crashproof-prosperity.html). The G. Gordon Liddy show is heard in 150 markets and on Sirius and XM Satellite radio – program archives are available on the web at www.liddyshow.com/programhighlights.
Listen to the replay HERE.
11th m2 Wealth Conference! Vegas, Nov 14-17
Join us for WMI's 11th m2, Nov 14-17, followed by WMI Marketing Day on the 18th.
A conference preview follows. 15-20 World Class Speakers that will help to turn your 101k back into a 401k...wealth creation opportunities usually reserved for the top 1%...and your Membership into the World's Premier Wealth Creation Community. I will also be releasing my new book, "Crash Proof, Becoming Wealthy in the Age of Risk".
The stakes have never been this high and the opportunity has never been greater. What we’re offering at the upcoming m2 Wealth Conference in Las Vegas is going to put you in prime position to capitalize on the unique climate of the emerging economy. The rare opportunity to get on the ground floor with high growth companies you won’t find anywhere else.
Opportunities like the one Robert Wiedemer, author of the best seller "Aftershock" will be presenting exclusively to m2 attendees. As a new Alliance Partner, Robert is opening the door to Wealth Creation Opportunities with the World’s leading previous metals company. This company has been at the forefront of the precious metals game and is using cutting edge strategies to deliver results.
As an attendee you’ll also receive the private opportunity to get on the ground floor with a carefully selected precious metal incubator. This is the same type of opportunity that the top 1% of investors are using to net explosive gains and you’ll have direct access to do the same.
Founder of The Trends Research Institute in 1980, Gerald Celente is a pioneer trend strategist. He is author of the national bestseller Trends 2000 and Trend Tracking (Warner Books) – “Far better than Megatrends,” and publisher of the internationally circulated Trends Journal newsletter. As the world’s #1 trend forecaster, he has predicted the fall of the Berlin Wall, the big crash in 87, and he even forecasted that a major terrorist event would occur on American soil in 2001.
Marc Bruner currently serves as President, Chief Executive Officer and Chairman of a top oil and gas investment company and possesses an impressive track record for founding and developing unconventional energy companies. Marc has created over $10 billion in shareholder value through the companies he has personally founded and is recognized globally as a pioneer in founding and developing unconventional energy companies.
As an indisputable marketing legend and pioneer, Joe Sugarman is joining the ranks as a WMI Alliance and presenting to the m2 audience. Once called the “Mail Order Maverick” by The New York Times, Joe is a groundbreaker in every sense of the word. He used direct marketing to get the world’s first pocket calculator into as many hands as possible. He introduced the cordless phone and the digital watch to the public with his marketing techniques and revolutionized the merchandising industry. His direct marketing skills led to the sale of twenty million pairs of BluBlockers. He’s also a leading expert on the factors that motivate buying known as “triggers”, the phenomenon that activates impulses deep in the brain and turns potential customers into actual ones.
There are 4 emotional stages that 99% of the population must endure when dealing with tough situations. And I would say that 17.5% real unemployment and the greatest level of poverty in close to two decades qualifies as pretty tough. Of course this is just in the US. In Spain, the real unemployment rate is over 30% and throughout much of Europe…as entitlement minded as it is…the real unemployment rate averages well over 20%. And this same reality is setting in all over the world. There is a quite discontent creeping into the global mindset. A palpitating anxiety that our kids may not have the same opportunities that we have enjoyed.
The 4 stages are shock, denial, fear, and acceptance.
At our m2 Wealth Conference in Boca Raton I said that we were close to coming out of denial and were about to enter the fear stage. In the fear stage, the reality of our dire situation will become prevalent. This is when stock markets retreat to new lows, home owners realize that the value of their residence will continue to decline for years to come, and economic desperation (for most) begins to set in.
But that was premature. We have remained in the denial stage for longer than I thought.
And here’s why. Those of us that have managed to hold onto our incomes are doing ok. For us lucky ones, the economy seems to be holding on. Of course, tens of trillions in global government stimulus programs and loan guarantees…or taxpayer funded bailouts…that mask economic realities, can tend to have that affect. This is Keynesian economics hard at work. Keynesian economics is the economic theory recommended by economists like the very liberal Paul Krugman, whose Nobel prize in economics in 2008 is second only to Barack Obama’s Nobel prize for peace on the laughometer.
And since my son, who is a freshman in college at Southwestern University in Georgetown, Tx., is currently taking an economics class and using the textbook written by Krugman himself, this is an issue that I have spent quite a bit of time thinking about (sorry Tyler, but think of it as taking one for the team).
Keynesian economics can best be described as an economic theory stating that active government intervention in the marketplace is the best method of ensuring economic growth and stability. Or as I like to say “I’m from the government and I’m here to help.”
Here’s the bottom line on economic theories. Liberals believe that the answer to a strong economy lies in the Keynesian approach, while conservatives believe in the Austrian school of economics, which teaches that the free market system… pure capitalism…is the only tried and true method of growing and sustaining a strong economy. Now, for all of you Bush haters (and on many issues that includes me), that have bought into the liberals message that Republican economic strategies are responsible for the mess we are in now, let me remind you of this.
Under Bush we had the lowest unemployment rate in a generation. His mistakes with the housing market, defense spending/two wars, and government led bailouts of Wall Street and the banking industry were beyond atrocious, and without a doubt led us down the path of economic destruction. But that doesn’t mean that his belief in the Austrian school was a mistake. To the contrary, tax revenues were at a record high during his Presidency. Bush succeeded in lowering the income tax rate for all Americans, yet somehow tax revenues to the government increased. This my friends is the very definition of the Austrian school, yet for some reason almost no conservative can find their voice to make this point; when income tax rates decline, corporate and personal profits increase…and therefore the overall level of tax revenues must rise. We saw this exact result under the last two Republican presidents that lowered taxes (Reagan and Bush II) and a Democratic president in Bill Clinton.
The problem of course is that they spent all of these record tax receipts incredibly poorly (along with a very complicit Democratic majority in Congress). But the fact remains that government spending is the issue…not the Austrian school of Economics.
Back to level two…denial. Because the current administration (and yes, Bush was just as guilty at the end of his presidency with the $890 billion TARP bailout) believes completely in the Keynesian theory, we are now witness to endless government bailouts and a level of economic manipulation at Ben Bernankes Federal Reserve that defies believability. And the same can be said for central banks globally.
Yep…when you add tens of trillions in funny money into the economy, it has to go somewhere. And in this case, it’s going to the exact criminal led banking cartels that caused this crisis in the first place. Sure, some of it is trickling down throughout the economy, but just barely enough to keep us out of an official Depression. But it’s been enough to keep the sheeple in denial...at least for a while longer.
You see, the haves are still making and spending money. Luckily, we are among those that still have our primary source of income, which allows us to support an economy that relies on 70% consumerism. But what happens when the funny money is gone and unemployment rises sharply for all, regardless of your class? What happens when everyone…especially the wealthy… realizes that their homes are continuing to drop in value with no end in sight? What happens when the real economic crash takes place…or in this case, when the bond bubble pops and no one is left to buy our bankrupt government debt, either in the U.S. or abroad? Japan has a debt to GDP ratio of 200%, not including entitlements. They have a dramatically aging population that is turning into spenders of their money in retirement rather than savers. Who is going to replace the nearly $2 trillion in Japanese government debt that matures this year, and every year for the rest of their existence?
And anyone that can do basic math realizes that the same bleak economic reality lies directly ahead for Ireland, Spain, Portugal, Italy, Greece, literally every small European country, and ultimately the UK…and of course the U.S. Can China, with its 60 million vacant homes, support the entire global economy? And, how will your country do, be it Canada, Australia or Norway, when the rest of the world is searching for investors to buy their own government debt? Will you be able to bail the rest of civilization out? Or let me put it this way, how did your country do when the subprime crisis hit in the U.S.?
The remaining question for me is when do we leave the denial stage and enter the fear stage? And the best answer I can give you is that when it happens it will be too late to prepare. This is why we buy coats in the summer.
I have taught, and warned about the coming reality, as much as humanly possible over the last 5 years. This is why we own gold and silver. This is why we remain as intelligently debt free as possible. And this is why we reduce our exposure to global equity markets. Because once we reach the fear stage it will be too late.
And then… once there is blood in the streets (Wall Street verbage) we will be buying these very same assets at multi-generational lows. Fear has been referred to as “False Evidence Appearing Real”. Prepare now and make this your definition as well.
LNCC Announces Addition of Economist and CEO Kip Herriage to the Board
Kip’s background includes a 15-year role as Vice President and money manager for one of the largest investment firms on Wall Street, where he managed money for institutions and high net worth clients.
Root said of Herriage’s addition to the LNCC Board, "I am proud to add a successful CEO, fundraiser and internationally-recognized financial expert to our LNCC Board. Kip’s remarkable success on Wall Street, with his investment newsletter, and with the international financial business he has built from the ground up, will all add great synergy to our Board. We hope to utilize Kip’s unique talents for fundraising, marketing and business building on behalf of Libertarian candidates across the USA.”
Herriage said, "I am honored to join Wayne Allyn Root and the Libertarian Party in their struggle to overhaul the U.S. political system. It is irrevocably broken and needs a fresh start. Our goal is not to just elect Libertarians, but also to defeat candidates from both parties who are responsible for the destruction of American values, the U.S. economy, and the American Dream.”