The Government’s SUPER MINING TAX explained (VIA THE “BEER ECONOMY” ) – FOR THE AVERAGE BLOKE . . . .
(Sent to me via email earlier this week, too good not to share) Suppose that every day, ten men go out for a couple of beers and the bill for all ten comes to $100. If they paid their bill the way we pay our taxes, it would go something like this; The first four men (the […]
Asset Protection – FATCA Requirements
The Foreign Account Tax Compliance Act, or FATCA, will require all foreign financial institutions or FFI’s to enter into information disclosure agreements with the IRS. A FFI is any non-U.S. entity that accepts monetary deposits, holds financial assets for the accounts of others, or participates in the business of investing or trading securities, commodities, partnerships, […]
LLC Secrets to Keep Your Assets Safe
While we have found there are two main threats to your wealth; litigation and government intervention, the focus for today will be primarily on litigation. In 2008, there were nearly 1.2M practicing attorneys in the US alone and nearly 400K students in law school. Costs of litigation consumed 2.3% of the US GDP, or approximately […]
China Building $8B Oil Refinery in Nigeria
In the news… China is going to build an 8 billion dollar oil refinery in Nigeria. It is the first of 3 refineries that comprise a $23bn agreement between NNPC and CSCEC. Nigeria’s state oil company, NNPC, will cover 20% of the cost while the state of Lagos will provide the land. The China State […]
Russia to Diversify out of US Dollars
According to a recent Bloomberg article, Russia is adding Australian and Canadian dollars to its international reserves. The Russian central bank deputy chairman, Alexei Ulyukayev along with Dmitry Medvedev have recently suggested that the world needs a new reserve currency and the US dollar no longer should be used. Central banks around the world have […]
Small Business Tax Hikes – Asset Protection
In a recent article from Bloomberg on June12th, Senator Snowe, a Republican from Maine, called the new jobs bill a ‘poison pill’ for small business growth and investment. Snowe is talking about HR 4213, so aptly named the “American Jobs and Closing Tax Loopholes Act of 2010”. Ironically, the loophole that looks to get closed […]
Asset Protection – Private Family Office
Last week I discussed an investment conference in Zurich that I attended a few weeks back. I came back armed with lots of new ideas and connections for those of us interested in the capital markets. I don’t normally pontificate on money management, but after that conference in Zurich, my mind was full and I had no choice but […]
Crazy Things Dads Do
I realize this is completely off topic, but most of my posts are so serious, I felt the need to add a bit of humor. And being a father, this video is just hilarious to watch.
Asset Protection for the Entrepreneur
This is a link to an article recently published in Octane, the quarterly magazine for EO (Entrepreneurs Organization). Any and all comments are appreciated. Asset Protection for the Entrepreneur
Police Raid – Shoot Pets in front of Children
I know this is completely unrelated to my usual blog rants, but when I came across this today, the disgust level ran so high it needed to be shared. What does the future hold for the American people of this type of activity is allowed by our law enforcement? While I am sure the man […]
