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 […]
Central Banks Make Unintended Consequences ‘Tolerable’
by Tres Knippa, Short Japan Debt February 1, 2013 If you would like to get a glimpse of what to expect from central bankers in the coming years, then look no further than the new Bank of England head, Mark Carney. The UK just posted inflation figures of 2.7%. It is important to point out […]
A Foundation of Quick Sand
by Scott Causey, Resource Correspondent Every person on earth starts off with a base level of knowledge and inherent biases when being introduced to new skillsets. The inate skills, abilities, knowledge, and biases within that organism will determine a starting point for obtaining actionable new skills, or knowledge base. How critical is it then for […]
Is Your "Money" in a Bubble?
by Scott Causey, GWP Resource Correspondent Tens of trillions of multiple currency units slosh around the financial universe everyday. Japan’s sovereign debt is measured in a metric called a quadrillion. So is the derivatives market. Going back over 100 years, central bankers around the globe have been the masters of the Universe. Stand close enough to the […]
Go Against the Flow, Stupid
by Scott Causey, GWP Resource Correspondent Two things will always be true about capital controls: they will always fail in the end and they will always protect the guilty. The Swiss have printed unprecedented amounts of francs to peg their currency against the euro. In the end, that decision will have a cost that is […]
The Shot Heard Round The World
by Scott Causey, GWP Resource Correspondent Call one “Black Swan” event in markets with correct timing and accuracy, and you’ll forever be a legend in the minds of many. These seminal moments have historically not come along that often. In recent years, however, they’ve become more and more frequent; the market crash of 1987, the bursting of […]
Hotels are Big Business in Panama: Now You May be able to Participate
by Brian Koslow, Panama Unicorn With the hospitality sector of Panama‘s economy expanding from the steady increase in business tourism, medical tourism, shopping tourism, cruise ship tourism and about to get another big boost from the new convention center, it may be a good time to see how you can get involved. Notably, Panama‘s hotels have been steadily raising […]
Herding Cats and Central Planning
by Scott Causey, GWP Resource Correspondent “It’s like trying to herd cats” is one of my favorite similes. Imagine, if you will, trying to convince 100 people that your way is the only and best way. Not just today or tomorrow, but for the rest of their lives. What would you put your chances at […]
Smoke and Mirrors
by Scott Causey, GWP Resource Correspondent The global financial system is a joke. There I said it. Its ok, I understand it stings a little at first. The latest news over the weekend is France has now nationalized CIF Group, the country’s second largest mortgage originator. Think Fannie or Freddie. Also think about the fact […]
