Hampton, NH (PRWEB) February 5, 2009
The Tonight Show host Jay Leno recently stated that author "Barry Dyke called it!". Leno is referring to the fact that Barry Dyke predicted a major collapse of the U.S. financial system in June 2007 way before everyone else when "The Pirates of Manhattan" was first published.
The author warned not only of an impending economic collapse but also that the mutual fund-401(k) combination strategy--the primary retirement vehicle for most Americans today--was an accident waiting to happen due to unrealistic expectations, undisclosed risks, hidden costs, taxes, greed and conflicts of interest. Today, Dyke's warnings about an economic collapse and the problems with mutual funds are prophetic.
Getting the word out about unstable banks, economic bubbles, Wall St. corruption and poor mutual fund performance has been a story of the underdog, however. The author admits,"My research in 'The Pirates of Manhattan' was as welcome as a skunk at bank or mutual fund company picnic. One senior editor from a major business publication said, 'Who cares?' Everyone thought I was a nut. I have been rejected at least a thousand times." Unflappable, the author continues,"but I knew my research had value. Plus, it was great to know a guy like Jay Leno--he is the ultimate power of example in the value of persistence. Jay knows better than anybody that you can't get something for nothing."
As part of the solution to this current financial mess, the author suggests that consumers use life insurance and annuity products from well-capitalized, non leveraged mutual life insurance companies--as they have unmatched expertise in preserving principal, earning competitive returns and offering other economic benefits. The author points out--during the Great Depression, when over 10,000 banks failed, savings with legal reserve life companies remained 99.9% safe. His research documents how the nation's banks, Ben Bernanke and the Federal Reserve invests billions with life insurance companies--not Wall Street.
As well as being acknowledged by Tonight Show host Jay Leno for predicting the economic collapse before everyone else--notables Congressman Ron Paul, economist James K. Galbraith, best selling authors Brian Tracy, William Bonner, R. Nelson Nash and advisors nationwide have praised Dyke's work for sounding the alarm bell early. Celebrity Pat Boone probably said it best. "Barry Dyke has rendered us all a great service, much like Paul Revere when he alerted the colonists that the 'red coats are coming.' I think anybody who is truly interested in growing and preserving their assets ought to read this book right now."
"The Pirates of Manhattan" book is exclusively available on the internet by going to http://www.ThePiratesofManhattan.com.
BARRY JAMES DYKE, is the president of Castle Asset Management, LLC of Hampton, New Hampshire. For more than twenty-five years, he has practiced financial planning, founded a pension consulting business, a third-party administration firm, a health & welfare consultancy and a registered investment advisor http://www.castleassetmgmt.com. He has worked with individuals, privately held business, publicly traded corporations, venture capital firms and celebrities.
He has written for or been written about in Advisor Today, The National Underwriter, Yahoo, The International Business Times, Business Week, Probe, The Daily Reckoning, The Register, The Portsmouth Herald, The Charlotte Observer, InsuranceNewsNet and numerous blogs. He has been a guest on talk radio shows throughout the country and speaks to groups about the condition of today's economy, and how to prepare in the days ahead. His book "The Pirates of Manhattan"--which illuminates corruption within the U.S. financial service industry, is a best seller and sold in all 50 states, Europe, England, Canada, Australia and Asia. For additional information, including press review copies, you may contact the author directly at barry at thepiratesofmanhattan dot com or castleassetmgmt at comcast dot net, telephone 800-335-5013. Castle Asset Management, LLC, 2 King's Highway, #1, P.O.B. 95, Hampton, NH 03843-0095
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