Austin_Manifold
Newbie
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I've only been a member of this site for a couple of days.
It appears to be an interesting site. Lots of knowledgable people on here, willing and able to offer advice on trading.
Pity my impression of the site has been soured by this piece of SPAM which turned up in my mailbox today:
A six-year low against the dollar…
another new low against the euro…
The government seems to think that NOTHING can be done about sterling’s demise!
But I say there is…
What YOU Can Do
Before The Pound
Is Crushed
Contained within this report is information that you MUST act on IMMEDIATELY.
You could protect yourself
from government bungling…
IF YOU ACT NOW
Dear Reader,
Those of us lucky enough to still have a job are finding that the money we earn buys less and less.
We Britons are being hit especially hard by the global downturn. Why? Because our sovereign currency is going down the drain.
Sterling has taken a battering in the markets. Foreign investors are wary... in fact, they’re more than wary.
They’re SCARED STIFF!
Scared by the state of our economy. And scared about the action our financial authorities are about to take – action which could all but consign the pound to history...
The time to protect your wealth is right now.
Read on and discover the ONE investment I believe you should make immediately.
This investment has actually gone up in value whist the pound has fallen over the last year. Not only that – you will actually be PAID to hold it…
The recession has arrived
The Bank of England has been forced to drastically cut interest rates. We think more will follow.
What incentive will foreign investors have to hold sterling?
Bottom line: NONE. We’ll be looking at a catastrophic sell off!
Back in the summer I advised investors to trim back their shareholdings and put some of their money into this investment. Now I’m urging you to do the same… before it’s too late.
You see, our interest rates aren’t the only thing scaring foreign investors. The British government has painted itself into a corner. It has no choice but take drastic action – action that will further undermine the pound’s already perilous position.
Get ready for a Debt Avalanche
Central banks around the world have frantically cut their interest rates. They’re desperate to keep their economies going.
But here in Britain, it hasn’t worked.
The reason is simple. Banks are simply refusing to pass on the rate cuts. Some have even responded to Bank of England cuts by raising their mortgage rates!
In desperation, the government is trying to bully the banks into lending more money. It’s even tried to use its multi billion pound stake in the banking sector – the one it bought in the Brown/Darling bailout – to twist the banks’ arms!
But this won’t work – and here’s why.... The government bought their power over banks with taxpayers’ money. And the taxpayer expects it back. The government can’t afford for banks to make too many risky loans. If they do, the losses to the taxpayer will be unpalatable.
And then… well. There’d be hell to pay!
So what option is left? Public spending, that’s what!
The government will borrow and spend as much as it can get away with. The state will go right up to its credit limit in an attempt to prop up economic growth – this despite the fact that public finances are already in a dire state.
The impact on sterling hardly bears thinking about…
Economic adviser to the Arbuthnot Banking Group and one time director of the Centre for Economic Studies, Ruth Lea, recently said:
"The worst case is that all this leads to a run on the pound: that is the meltdown scenario…given the amount of borrowing the Government has to do, there is a chance that foreigners will no longer be prepared to hold sterling, and if that happens, it is 1976 all over again and it is back to the IMF."
In 1976 the Government’s mismanagement of the economy slashed the wealth of every Briton in this country.
Inflation soared… taxes skyrocketed... sterling nosedived…
It forced us to go cap in hand to the International Monetary Fund for a £2.3 billion “bail-out” loan... or go bankrupt.
The following years were some of the worst in British economic history.
By 1980, £1 would buy you what it would only have cost 41p to buy six years before.
Never since has Britain been so close
to going bankrupt... UNTIL NOW
In the last 18 months we’ve had crisis after crisis...
Financial meltdowns… tumbling house prices... unprecedented share price volatility
Lehman Brothers collapsed… other household names have been nationalized… and the financial authorities are throwing money at the problems hoping they just go away.
These crises have already taken their toll on the stock market – the FTSE 100 has fallen 31% in the last year! Even after the Government injected £500 billion into the system, markets kept on tanking.
But the worst is far from over.
In fact, our current problems have sown the seeds of an even bigger disaster that again threatens the value of EVERY asset British investors own.
But there’s no need for YOU to go broke
Now I know this sounds depressing... but please don’t worry, there IS a way out of it.
If you read the information in this letter – and take the action we recommend – it's possible to prepare yourself for what’s to come.
In fact, you could actually make money, while most investors lose theirs…
To find out more read this exclusive 'profit and protection' report here.
--------------------------------------------------------------------------------
Your capital is at risk when you invest in shares – you can lose some or all of your money, so never risk more than you can afford to lose. Shares recommended by The Fleet Street Letter may be small company shares. These can be relatively illiquid and hard to trade making them riskier than other investments. Some shares recommended may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. Always seek personal advice if you are unsure about the suitability of any investment.
The promotion contains forecasts. Forecasts and past performance are not reliable indicators of future results. A full portfolio is available on request. Profits from share dealing are a form of income and subject to taxation. Tax treatment depends on individual circumstances and may be subject to change in the future. Editors or contributors may have an interest in shares recommended. Special first year price offers are only available to those who have not previously subscribed and are limited to one subscription per household.
Fleet Street Publications is a member of the Financial Ombudsman Service compensation scheme. Full details of our complaints procedure are available on request. The Fleet Street Letter is issued by Fleet Street Publications Ltd. Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD.
Customer services: 020 7633 3600. Registered in England and Wales No 1937374. VAT No GB629 7287 94. FSA No 115234. FSA Register. Fleet Street Publications is authorised and regulated by the Financial Services Authority. © 2009 Fleet Street Publications Ltd.
I've clicked the 'unsubscribe' link now.
Let's hope it works...
It appears to be an interesting site. Lots of knowledgable people on here, willing and able to offer advice on trading.
Pity my impression of the site has been soured by this piece of SPAM which turned up in my mailbox today:
A six-year low against the dollar…
another new low against the euro…
The government seems to think that NOTHING can be done about sterling’s demise!
But I say there is…
What YOU Can Do
Before The Pound
Is Crushed
Contained within this report is information that you MUST act on IMMEDIATELY.
You could protect yourself
from government bungling…
IF YOU ACT NOW
Dear Reader,
Those of us lucky enough to still have a job are finding that the money we earn buys less and less.
We Britons are being hit especially hard by the global downturn. Why? Because our sovereign currency is going down the drain.
Sterling has taken a battering in the markets. Foreign investors are wary... in fact, they’re more than wary.
They’re SCARED STIFF!
Scared by the state of our economy. And scared about the action our financial authorities are about to take – action which could all but consign the pound to history...
The time to protect your wealth is right now.
Read on and discover the ONE investment I believe you should make immediately.
This investment has actually gone up in value whist the pound has fallen over the last year. Not only that – you will actually be PAID to hold it…
The recession has arrived
The Bank of England has been forced to drastically cut interest rates. We think more will follow.
What incentive will foreign investors have to hold sterling?
Bottom line: NONE. We’ll be looking at a catastrophic sell off!
Back in the summer I advised investors to trim back their shareholdings and put some of their money into this investment. Now I’m urging you to do the same… before it’s too late.
You see, our interest rates aren’t the only thing scaring foreign investors. The British government has painted itself into a corner. It has no choice but take drastic action – action that will further undermine the pound’s already perilous position.
Get ready for a Debt Avalanche
Central banks around the world have frantically cut their interest rates. They’re desperate to keep their economies going.
But here in Britain, it hasn’t worked.
The reason is simple. Banks are simply refusing to pass on the rate cuts. Some have even responded to Bank of England cuts by raising their mortgage rates!
In desperation, the government is trying to bully the banks into lending more money. It’s even tried to use its multi billion pound stake in the banking sector – the one it bought in the Brown/Darling bailout – to twist the banks’ arms!
But this won’t work – and here’s why.... The government bought their power over banks with taxpayers’ money. And the taxpayer expects it back. The government can’t afford for banks to make too many risky loans. If they do, the losses to the taxpayer will be unpalatable.
And then… well. There’d be hell to pay!
So what option is left? Public spending, that’s what!
The government will borrow and spend as much as it can get away with. The state will go right up to its credit limit in an attempt to prop up economic growth – this despite the fact that public finances are already in a dire state.
The impact on sterling hardly bears thinking about…
Economic adviser to the Arbuthnot Banking Group and one time director of the Centre for Economic Studies, Ruth Lea, recently said:
"The worst case is that all this leads to a run on the pound: that is the meltdown scenario…given the amount of borrowing the Government has to do, there is a chance that foreigners will no longer be prepared to hold sterling, and if that happens, it is 1976 all over again and it is back to the IMF."
In 1976 the Government’s mismanagement of the economy slashed the wealth of every Briton in this country.
Inflation soared… taxes skyrocketed... sterling nosedived…
It forced us to go cap in hand to the International Monetary Fund for a £2.3 billion “bail-out” loan... or go bankrupt.
The following years were some of the worst in British economic history.
By 1980, £1 would buy you what it would only have cost 41p to buy six years before.
Never since has Britain been so close
to going bankrupt... UNTIL NOW
In the last 18 months we’ve had crisis after crisis...
Financial meltdowns… tumbling house prices... unprecedented share price volatility
Lehman Brothers collapsed… other household names have been nationalized… and the financial authorities are throwing money at the problems hoping they just go away.
These crises have already taken their toll on the stock market – the FTSE 100 has fallen 31% in the last year! Even after the Government injected £500 billion into the system, markets kept on tanking.
But the worst is far from over.
In fact, our current problems have sown the seeds of an even bigger disaster that again threatens the value of EVERY asset British investors own.
But there’s no need for YOU to go broke
Now I know this sounds depressing... but please don’t worry, there IS a way out of it.
If you read the information in this letter – and take the action we recommend – it's possible to prepare yourself for what’s to come.
In fact, you could actually make money, while most investors lose theirs…
To find out more read this exclusive 'profit and protection' report here.
--------------------------------------------------------------------------------
Your capital is at risk when you invest in shares – you can lose some or all of your money, so never risk more than you can afford to lose. Shares recommended by The Fleet Street Letter may be small company shares. These can be relatively illiquid and hard to trade making them riskier than other investments. Some shares recommended may be denominated in a currency other than sterling. The return from these may increase or decrease as a result of currency fluctuations. Always seek personal advice if you are unsure about the suitability of any investment.
The promotion contains forecasts. Forecasts and past performance are not reliable indicators of future results. A full portfolio is available on request. Profits from share dealing are a form of income and subject to taxation. Tax treatment depends on individual circumstances and may be subject to change in the future. Editors or contributors may have an interest in shares recommended. Special first year price offers are only available to those who have not previously subscribed and are limited to one subscription per household.
Fleet Street Publications is a member of the Financial Ombudsman Service compensation scheme. Full details of our complaints procedure are available on request. The Fleet Street Letter is issued by Fleet Street Publications Ltd. Registered office 7th Floor, Sea Containers House, Upper Ground, London SE1 9JD.
Customer services: 020 7633 3600. Registered in England and Wales No 1937374. VAT No GB629 7287 94. FSA No 115234. FSA Register. Fleet Street Publications is authorised and regulated by the Financial Services Authority. © 2009 Fleet Street Publications Ltd.
I've clicked the 'unsubscribe' link now.
Let's hope it works...
