Precious Metals Market Manipulation?For many years now, a meme has been floating around that the prices of gold and silver are being manipulated, which is to say suppressed, by various powers of darkness. This is not an unreasonable assertion. After all, the last thing the monetary powers-that-be want is to see is the price of gold skyrocketing. That would serve as an alarm bell, possibly panicking people all over the world, telling them to get out of the dollar. It's assumed, by those who believe in the theory, that the U... (more)
|
|
Are They Insane? 58 Percent Of Americans Believe Economic Conditions In The United States Will Be Good A Year From NowThere is nothing wrong with being optimistic, but there is something wrong with having blind faith that things are going to get better when all of the evidence is screaming at you that things are going to get worse. According to a brand new USA TODAY/Gallup Poll, 71 percent of all Americans consider economic conditions in the United States to be poor right now, but an astounding 58 percent... (more)
|
|
Rogers: "Volume Is Not Going To Come Back. We've Had A Great 30 Years. That's Finished!"Jim Rogers is hedging his gold (and silver) positions reflecting that this is normal, following such a tremendous run, and that this is good for the precious metal in the long-run. In his discussion with Maria Bartiromo this afternoon, he notes India's anti-gold 'protectionism' (and its potential balance of payments issues) that are trying to force the hoarding into risky 'productive' assets (as others might say). The immutable commodity maven suggests JPMorgan (and its peers) c... (more)
|
|
Facebook Co-Founder Gives Up U.S. Citizenship Before IPOEduardo Saverin, the billionaire co- founder of Facebook Inc. (FB), renounced his U.S. citizenship before an initial public offering that values the social network at as much as $96 billion, a move that may reduce his tax bill.
Facebook plans to raise as much as $11.8 billion through the IPO, the biggest in history for an Internet company. Saverin’s stake is about 4 percent, according to the website Who Owns Facebook. At the high end of the IPO valuation, that would be worth about... (more) What's amazing about this is he is willing to pay the gigantic "exit tax" to get the f*^k out. Of course, only the freest and most open of countries has a tax on leaving. - Chris |
|
U.S. Millionaires Told Go Away as Tax Evasion Rule LoomsGo away, American millionaires.
That’s what some of the world’s largest wealth-management firms are saying ahead of Washington’s implementation of the Foreign Account Tax Compliance Act, known as Fatca, which seeks to prevent tax evasion by Americans with offshore accounts. HSBC Holdings Plc (HSBA), Deutsche Bank AG, Bank of Singapore Ltd. and DBS Group Holdings Ltd. (DBS) all say they have turned away business.
“I don’t open U.S. accounts, period,” said Su Shan Tan... (more)
|
|
The Golden Rule ReinterpretedIn an April speech in Berlin, Dr. Andreas Dombret, a member of the Executive Board of the Deutsche Bundesbank (the German central bank), offered a startlingly frank assessment of the current problems in Europe. Although his comments were meant to apply to the tensions and imbalances that exist between the northern and southern tier of the 17-member eurozone, they shed inadvertent light on the broader global economy.
Rebuffing calls that Germany do more to support the faltering s... (more)
|
|
Charlie Munger: Gold Is For Holocaust-Era Jewish Families To Sew Into Their Garments; Civilized People Don't Buy GoldWhile Becky Quick's CNBC interview with the Charlie Munger has a little for everyone to love and hate (from Keynesian-doctrine to easy-living-Greeks and Bad-trading-robots), Buffett's right-hand was particularly eloque... (more)
|
|
The Case of the Missing Low-Mileage CarHow would you like to drive from New York to Los Angeles with just one stop for gas? It seems incredible and wonderful, but it can happen. In late 2010, the Volkswagen Passat BlueMotion set a new world record for the "longest distance traveled by a standard production passenger car on a single tank of gas." It travels 1,526.63 miles. It translates to a fuel economy of 75 miles per gallon.
Sweet! Only one thing — this passenger car is for the U.K. You can't drive this car in the Un... (more)
|
|
There Are 100 Million Working Age Americans That Do Not Have JobsThe unemployment crisis in America is much worse than you are being told. Did you know that there are 100 million working age Americans that do not get up in the morning and go to work? No wonder why it seems like there are so many people that do not have jobs! According to the federal government, there are 12.6 million working age Americans that are considered to be "officially" unemployed, but there are another 87.8 million working age Americans that are not working either. The federal gov... (more)
|
|
.jpg)
Facebook at 99 Times Profit Exceeds 99% of S&P 500 IndexFacebook Inc. (FB) is betting its growth prospects will persuade investors to pay 99 times earnings for its initial public offering, a higher multiple than 99 percent of companies in the Standard & Poor’s 500 Index.
The world’s most popular social-networking site will seek a market value of as much as $96 billion, offering shares at $28 to $35 each, a regulatory filing showed yesterday. The Menlo Park, California-based company will begin meeting investors next week and is schedule... (more) Sounds like a sweet deal! /sarcasm - Chris |
|
There's Fraud and Then There's GovernmentA hundred and seven people in numerous cities have been charged with defrauding Medicare. The cost of their dishonesty is estimated at near a half billion dollars. As with any entitlement program, there are leaks, and recipients misrepresent their circumstances to grab more dough. Some believe that Medicare fraud costs the government up to $90 billion a year.
Chump change, I say, co... (more)
|
|
If Government Spends Less, Are We Sunk?Easy prediction: Congress will not cut spending. The hysteria in Washington is for naught, as usual. There will be no "austerity," at least not the kind brought on by cuts in government. Nor will there be curbs on the Fed. Our credit-drenched, phoney-money culture would never stand for it.
But let's just pretend that this fantasy did come true, for once. What would happen?
Try not to be intimidated by what the supposed experts say; rather, think about the following ... (more)
|
|
| 
