The Spiral of Japanese Bonds
April 4, 2013 By: Tres Knippa, Member, Chicago Mercantile Exchange Good afternoon from the floor of the CME in Chicago. As the world focuses on the boy fool in South Korea, I have my work cut out for me trying to digest all the news coming out of the Bank of Japan. Today is the […]
Is Obama the Next Shoe to Drop on the EU?
April 3, 2013 By: Kelly Diamond, Editor While the EU struggles to manage the crumbling economies within its union, some clamor for an Obama intervention as their only hope for recovery and peace. With even a fleeting glance at Obama’s fiscal, regulatory and foreign policies, his name should not pop up in the top thousand […]
Casualties of Plunder: Condemning an Ethic into Exile
April 1, 2013 By: Bobby Casey The deal struck for Cypriot Banks targeted “evil money launderers and tax evaders” as well as wealthy oligarchs, but really plunders the hardworking saver and entrepreneurs. While emotions run high, and the victims of this absurd plunder are myriad, there is a culpable group responsible for this mess, and […]
Australian Money-Grab for Assets in Inactive Accounts
March 27, 2013 By: Kelly Diamond, Editor Without any known or present problem with the existing rule, the Australian legislature rushed a law into effect taking the inactive period from seven years to three before they seize the assets. This sudden change came as a surprise even to Australian banks, who find the arbitrary nature […]
Bailout by Any Other Name: EU & Cyprus Change Deal
March 26, 2013 By: Kelly Diamond, Editor The response from Cypriot account holders to the initial bailout proposal to levy a “tax” of 6.7% to 9.9% across the board sent the EU and Cyprus government back to the drawing board for a different deal. The second largest Cypriot bank (Laiki) will close, the first largest […]
War on Virtual Currency: BitCoin VS US Dept. of Treasury
March 25, 2013 By: Kelly Diamond, Editor It’s no coincidence that as European Banks continue to falter and require subsequent bailouts, European citizens lose faith in government currency and seek out an alternative which is safeguarded from politics and manipulation such as BitCoin (a virtual currency). The resulting and rather abrupt rally in BitCoin value […]
Cyprus Bailout: Tax the Cypriot Bank Account Holders
March 18, 2013 By: Kelly Diamond, Editor Insolvent Banks are receiving bailouts all over Europe; Cyprus is getting shock therapy in the form of a levy on all Cypriot bank accounts. Individuals usually deposit money into a bank to keep their money safe… or at the very least KEEP their money. The recent bailout for […]
The Cook Islands: Your Assets’ Best Friend
March 8, 2013 By: Kelly Diamond, Editor Individuals have best friends. Your assets need one too: the Cook Islands. The Cook Islands are your assets’ best friend, because they constantly evaluate and fortify the measures by which they protect your wealth. Here at Global Wealth Protection, we write a LOT about laws initially created to […]
Death, Taxes and Offshore Accounts
March 2, 2013 by Brian Mahany The Fifth Amendment to the Constitution used to protect us from self-incrimination. When it comes to the IRS collecting taxes, your offshore financial documents are exempt from such protection. If you look up a court case titled In Re Various Grand Jury Subpoenas in the Manhattan federal court’s docket, […]
Price Discrimination and the 529 College Savings Scam
February 21, 2013 By: Gordon Haave A 529 Savings Plan is NOT a mechanism for saving for a child’s college tuition, but rather saving for a college administrator’s salary. With a four-year degree estimated at $150,000 or more – and rising every year – parents scramble to find a way to pay for this looming […]
