Breaking News: FATCA Delayed by Two Years!
May 29, 2014 By: Diane Kennedy, CPA After this exciting headline, your first question might be, “What is FATCA and why do I care?” Let’s start there. FATCA (Foreign Account Tax Compliance Act) came about in 2010 as part of the HIRE Act. This added chapter 4 to Subtitle A of the Code. “Chapter 4” […]
Inflation Nation
April 21, 2014 By: Kelly Diamond, Publisher “Savers are being boiled alive in the liquid hubris of neo-Keynesian economists explicitly in the service of the State.” Tim Price Central banks are charged with a certain responsibility. A responsibility that has long since been obscured and phased out in lieu of politicking and posturing. Sadly, when […]
US Banking = Selling Marks
April 14, 2014 By: Kelly Diamond, Publisher This past Saturday, I got a personal taste of fractional reserve banking. I recently switched car insurance companies, so my former policy prorated the monthly premium, and paid me out the balance. They issued me a check in the amount of $86.50. I went to deposit it at […]
Russia Pushes to Ban USD: Tick tock!
March 4, 2014 By: Bobby Casey, GWP Managing Director Russian lawmaker, Mikhail Degtyarev, proposed a bill to ban the use or possession of American currency in Russia. His rationale? He predicts the imminent collapse of the dollar system due to the massive growth of US national debt. This bill would partially revive the Soviet-era ban […]
What is Going On With China!?
February 24, 2014 By: Kelly Diamond, Publisher Since my last entry on December 9, 2013, “China’s Recent Monetary Moves”, China has placed a few more pieces on the Go board that indicate they have a unique strategy that eludes the west. In that installment, I pointed out that China is taking advantage of the United […]
Riots Du Jour!
February 20,2014 By: Kevin Kerr, Managing Editor and Trader for CommodityConfidential.com Can the American Implosion Be Far Off? Chaos in Caracas, the UN fiddling while Ukraine burns, political uncertainty in Italy, the list of unrest in various nations is long, and getting longer. How long will it be before we see struggling, angry Americans picking […]
Italy Steals 20% of All Incoming Bank Wires – Opportunity?
February 19, 2014 By: Bobby Casey, Managing Director You may have read Kelly’s recent article, “Money Grabbin’” talking about how Italy is now imposing a 20% withholding tax on ALL incoming wires. If you haven’t read that article, click the link above and read it. This really happened. Not only did it happen this week, […]
Money Grabbin’
February 17, 2014 By: Kelly Diamond, Publisher On the near anniversary of the Cypriot bank account seizures, the Eurozone is toying with the idea of dipping in once again. Both the EU and now Italy are making some plays for people’s capital and it ain’t pretty. This isn’t the behavior of a stable economy, or […]
Fear Mongering VS Awareness Building
February 4, 2014 By: Kelly Diamond, Publisher Have you ever made a decision to do something… and later realized that you would’ve done things differently had you known about X, Y and/or Z? The decision you made was based on the information you had, and you needed to make a play one way or another. […]
Next Up… Argentina!
January 27, 2014 By: Kelly Diamond, Publisher Poor economic policies are sending country after country into the basement, either to suffer through the turmoil or get a bailout or bail-in. Argentina has been on the radar among other emerging markets around the world with a precarious economic situation. Sadly, President Fernandez de Kirchner … as […]
