JJC:   Welcome back to our show that's devoted entirely to the decline and fall of cash... that's right, cash that's become trash!...

As (Federal Reserve Chairman) Bernanke's slashing rates, he's slashing the interest rates you get on cash...  the yield you're getting is going lower...  and that means cash is going to worth less and less...  

The winner here is stocks with high yields... mighty dividend payers that investors looking for stability and income are already buying... and will keep buying, as long as the Fed keeps cutting...

I've already given you Consolidated Edison Inc. (ED), with a nice, fat 5.7% yield...

How about a stock to own for the next five years, with a really massive, gargantuan yield?...  A morbidly-obese dividend?...  Wouldn't you like that, instead of this (cash) nonsense?...

Good.  Because I've got a whole group of them... a group of stocks that's being almost completely overlooked...

Only one is the best, but you need to know a little something about the group first, because many of you may not be familiar with these stocks.  I don't talk about them on the show...

I'm talking about U.S. energy trusts...   What the heck are they?... These are companies that own oil and gas wells, but usually let outside companies operate them...

What's so special about energy trusts?...

They don't pay taxes, as long as they give a high percentage of their profits back to shareholders, in the form of - you guessed it - a juicy dividend... 

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This sounds good to me.  You've got ConEd (ED) to handle your regular cash, okay... and then, for your IRA or for your 401k, while you're waiting for something to happen, how about putting your money into one of these, and get you a good return?...

Now, in the past, Canadian energy trusts I've been recommending, right?  They had been a better bet than their counterparts in the U.S.   In Canada, they allow the trust to grow... they can acquire new properties.  But, in the U.S. they can't, which means the trusts have more growth up there than they have down here, and they have higher yields...

One of the reasons why the Street ignores U.S. trusts... there's really no major coverage out there, other than Citigroup... is that they can't grow by acquisiton... they're really boring.

But there's a great story here, because oil prices are so high, and probably going so much higher, that let's just say it's under the radar.  It should be talked about by everybody...  

Back to why we like the U.S. more than Canada...

There's a 15% foreign tax withholding on the dividends from those Canadian trusts if you're an American...  and the government's raising their taxes as of 2011... So, if I were you, you've got to shift to the domestic ones...

Which ones?...

Four options: 

When we looked at all of them, these are the four that we liked the most...

My favorite is the Permian Basin Royalty Trust (PBT)...

We want to buy an energy trust with a good mix of oil and gas, and we want one with a really high yield...

So, I'm going to take out the SJT and the HGT, because they're 7.4% and 8.0%, respectively. I know you probably think I've gone nuts, but those aren't good enough.  Not compared to the two other trusts... those yields are puny.

PBT has a 12.0% yield.

BPT yields 13.7%... staggering, right?...

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So, PBT it is... 12.0% yield that could go higher.

With higher oil and gas prices, PBT makes more money, and distributes more of it, to shareholders.  It is that simple.

Let me tell you how the distribution works...

After PBT makes its money, and pays off its expense, they distribute everything else left to shareholders.  That's why the dividend can vary...  But, even if prices go lower, PBT's dividend is still going to be impressive.

We know what PBT yielded, for instance, when oil was cheaper.  So we can predict, based on historical precedent, what would happen if, say, oil went back to $70 or $80...  PBT would then yield probably 7.9% to 9.1%...  That's where it was.  I still think that's impressive, don't you?...

Now, understand...  It has about nine years worth of oil and gas in the trust...  which I think makes it a nifty play for the next 4-5 years, before people start worrying about the oil and gas running out...  Remember, these are finite, all right?  So that's another one of the tricks... but for four or five years, I think you're just going to make a ton of money in this, and then you can sell it.   Great for your IRA or 401k...