Friday, July 15, 2005

I know that Jesus and the NT is clear that where your heart is, there your treasure lies also, and not to worry about things of this world, but the following strikes fear into my life, that one day I could wake up and all invested funds would be inaccessible or just plain gone:

The world has changed since the attacks of September 11, 2001. One risk that has not received much attention by the news media—most likely because Wall Street doesn’t want you to know about it—is the threat to your wealth and portfolio should another attack target America’s financial infrastructure. After the September 11 attacks, U.S. financial markets were closed for four days. During that time, you were locked out of buying or selling any of your U.S. stocks, bonds or mutual funds. In contrast, if you had assets safely stowed away in a secure, neutral country such as Denmark, Austria or Switzerland, you could continue trading any foreign securities you owned, as markets in these countries were not affected by the attacks. If there are future attacks on the U.S. financial markets, they could be conducted with weapons of mass destruction with even more devastating impact. It’s possible that U.S. markets could be shuttered for days or weeks. In the meantime, the U.S. dollar could be decimated and the vast majority of U.S. investors would be powerless to protect themselves financially. Read the case study, “Nightmare On Wall Street,” to learn what could happen to your Wall Street wealth and your U.S. domiciled investments when terrorists strike America again. Link:
http://www.wolflaurelnews.net/wallstreet.htm

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