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Keyword: investments

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  • Capital Gains Taxes Set To Rise, Crimping Investment, Savings

    03/24/2010 11:55:54 PM PDT · by SmartInsight · 7 replies · 893+ views
    Bull markets always have to climb a wall of worry. This one also will have to climb a stairway of tax hikes. Democrats' health care overhaul (including the still-pending reconciliation bill) nearing the finish line would apply a 3.8% Medicare tax on investment gains earned by upper-income households starting in 2013. Along with a partial expiration of 2003 tax cuts at year-end, rates on long-term capital gains and dividends are due to jump in two steps from 15% to 23.8%. The big shift in tax policy is one that could raise the barrier to saving and investment in a savings-short...
  • Vanity: Investment ideas in a Socialist country (USA)

    03/24/2010 5:29:57 AM PDT · by CharlotteVRWC · 69 replies · 972+ views
    3-23-10 | vanity
    I am at a loss... are there ways to 'come out ahead financially' in a Socialist country?
  • Health-Care Bill Would Increase Taxes On Wages, Investments

    03/19/2010 9:42:11 AM PDT · by SmartInsight · 54 replies · 2,966+ views
    CNBC ^ | March 19, 2010 | AP
    High-income families would be hit with a tax increase on wages and a new levy on investments under President Barack Obama's health care overhaul bill. For the first time, the Medicare payroll tax would be applied to investment income, beginning in 2013. A new 3.8 percent tax would be imposed on interest, dividends, capital gains and other investment income for individuals making more than $200,000 a year and couples making more than $250,000. The bill also would increase the Medicare payroll tax by 0.9 percentage point to 2.35 percent on wages above $200,000 for individuals and $250,000 for married couples...
  • 43% have less than $10k for retirement

    03/09/2010 6:22:47 AM PST · by Cheap_Hessian · 90 replies · 422+ views
    CNN Money ^ | March 9, 2010 | Chavon Sutton
    NEW YORK ( -- The percentage of American workers with virtually no retirement savings grew for the third straight year, according to a survey released Tuesday. The percentage of workers who said they have less than $10,000 in savings grew to 43% in 2010, from 39% in 2009, according to the Employee Benefit Research Institute's annual Retirement Confidence Survey. That excludes the value of primary homes and defined-benefit pension plans. Workers who said they had less than $1,000 jumped to 27%, from 20% in 2009. Confidence in ability to save enough for a comfortable retirement hovered at 16% of respondents,...
  • Obama's New Investment Tax A sneaky Medicare levy on dividends and capital gains.

    02/24/2010 10:56:19 AM PST · by C19fan · 18 replies · 919+ views
    Wall Street Journal ^ | February 24, 2010 | Staff
    The White House's new health-care proposal promises the "largest middle class tax cut for health care in history," which is a creative way of describing a vast taxpayer-subsidized insurance entitlement. Naturally, the fine print goes on to describe one of the largest tax increases for health care in history, too. This new ObamaCare bargain would for the first time apply the 2.9% Medicare payroll tax to "interest, dividends, annuities, royalties and rents," so-called passive income that we are told includes capital gains, though the latter wasn't explicitly mentioned in the proposal. This antigrowth investment tax would apply to singles earning...
  • Banks Continue To Pull The Rug Out From Under The Economy

    02/22/2010 2:20:40 PM PST · by blam · 36 replies · 818+ views
    The Business Insider ^ | 2-22-1010 | Joe Weisenthal and Kamelia Angelova
    CHART OF THE DAY: Banks Continue To Pull The Rug Out From Under The Economy Joe Weisenthal and Kamelia Angelova Feb. 22, 2010, 3:21 PM Can the economy revive if banks don't start to lend again? Let's hope so. Today the St. Louis Fed released its latest monthly look at commercial and industrial loans at major banks -- a measure that some would say represents the essence of the US banking system. As you can see, this measure is still falling like a knife -- a bad sign for the ongoing health of the economy. (And also not what we...
  • Geithner says AIG investments may gain value (as the economy improves)

    01/26/2010 8:41:23 PM PST · by NormsRevenge · 8 replies · 290+ views
    AP on Yahoo ^ | 1/26/10 | Glenn Somerville
    WASHINGTON (Reuters) – Treasury Secretary Timothy Geithner held out hope to Congress that a hefty investment to bail out insurer AIG (AIG.N) and avert its catastrophic failure will gain value as the economy improves. In prepared remarks for delivery on Wednesday to the U.S. House of Representatives Oversight and Government Reform Committee, Geithner defended the controversial 2008 rescue and said it was done solely to protect U.S. taxpayers' interests. ... The committee will question both Geithner and his predecessor as Treasury Secretary, Henry Paulson, about the AIG bailout that has stirred widespread anger and raised questions about Geithner's role in...
  • 401k/IRA Screw Job Coming?

    01/08/2010 11:07:28 AM PST · by Zeddicus · 191 replies · 7,209+ views
    Market Ticker ^ | 01/08/2009 | Karl Denninger
    Now this is a guaranteed rape job. In a short conversation this noontime that CNBC apparently has omitted from their archives (Why's that folks?) Rick Santelli was talking about a potential to effectively force money into the Treasury market. Where would they get this? From your 401k and IRA accounts! From Businessweek: The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury...
  • String of investment bubbles marked 2000-09

    12/29/2009 5:17:03 PM PST · by danielmryan · 5 replies · 273+ views
    NEW YORK (AP) -- A string of exploding investment bubbles that started with the dot-coms and ended with mortgages and oil dominated the years from 2000 to 2009. And it looks like the next decade will be no different. It doesn't seem to matter to many hedge fund traders and other professional investors that the Standard & Poor's 500 index has turned in its first losing performance over the course of a decade, having fallen 23 percent from 1,469.25 at the start of 2000 to its current 1,126.20. Or that they or other investors helped create and then destroy the...
  • Where Should I Put My 401k Money?

    08/06/2009 9:32:49 AM PDT · by Oshkalaboomboom · 48 replies · 1,745+ views
    FreeRepublic ^ | 08.06/2009 | Oshkalaboomboom
    I have a 401k in a Vanguard stock fund that I would really like to get out of. I rode it up over 12,000, rode it down all year and now I'd like to cut my losses before it takes another dump. What other Vanguard funds are safer, or even a money market? I can't just cash it in or the government would slaughter me at tax time. What's a safe haven to ride the coming depression out?
  • IRS Issues Proposed Regulations on New Basis Reporting Requirement

    12/23/2009 12:13:25 PM PST · by bruinbirdman · 5 replies · 491+ views
    IRS Newsroom ^ | 12/16/2009 | IRS
    The Internal Revenue Service today issued proposed regulations under a new law that will require reporting of basis and other information by stock brokers and mutual fund companies for most stock purchased in 2011 and all stock purchased in 2012 and later years. The reporting will be to investors and the IRS. This additional reporting will be optional for stock purchased prior to these dates. “This important reporting change will improve tax compliance while reducing the recordkeeping and paperwork burden for millions of investors,” said IRS Commissioner Doug Shulman. “These taxpayers will now receive the information they need to more...
  • Mistakes survivalists make

    09/06/2009 3:26:34 PM PDT · by 2ndDivisionVet · 134 replies · 3,643+ views
    Surviving in Argentina ^ | October 28, 2008 | FerFAL
    QUESTION: What mistakes do you think most people make preparing for what you and your countrymen have gone through? I wouldn’t call them “mistakes”, I don’t hold the SHTF Bible so all I can give is my humble advice which may be correct or not, so all I can tell you is “ I wouldn’t do that if I were you”, and depending on how sure I am , add a smartass grin smiley. There’s simply some preparations that make little sense if you think about it, others that I’ve seen that just wouldn’t work, in spite of all the...
  • Investment Profit Vehicles For The Intensifying Financial And Economic Storm ("A Great Collapse")

    12/04/2009 2:44:16 PM PST · by blam · 16 replies · 1,093+ views
    The Market Oracle ^ | 12-4-2009 | DeepCaste _LLC
    Investment Profit Vehicles For The Intensifying Financial And Economic Storm Stock-Markets / Investing 2010 Dec 04, 2009 - 01:11 PM By: DeepCaster LLC “A Great Collapse. The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets,...
  • Société Générale Tells Clients How To Prepare For 'Global Collapse'

    11/18/2009 1:16:31 PM PST · by blam · 12 replies · 1,194+ views
    The Telegraph (UK) ^ | 11-18-2009 | Ambrose Evans-Pritchard
    Société Générale Tells Clients How To Prepare For 'Global Collapse'Société Générale has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. By Ambrose Evans-Pritchard Published: 6:12PM GMT 18 Nov 2009 In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too high in almost all rich economies as a share of GDP (350pc in...
  • Freedom Group: Right-wing gun nuts get ready

    10/22/2009 1:14:34 PM PDT · by 2ndDivisionVet · 38 replies · 2,839+ views
    Todays Financial News ^ | October 22, 2009 | Andrew Snyder
    After a big flop with Chrysler, Cerberus finally has a winner on its hands. Even better, right-wing gun nuts have another shot at profits. I can’t wait. Baltimore – I live in a neighborhood where guns are common. I like it that way. Last night, the lady of the house and I decided to enjoy what may be one of the last warm evenings of the year on the East Coast by taking a short hike along the river that flows just two miles from our front door. While meandering along the water and dodging groundhog holes, we heard the...
  • Betting on US Life Expectancy Proves Risky

    09/02/2009 6:03:59 AM PDT · by lowbuck · 5 replies · 367+ views
    Spiegel Online ^ | 01 September 200 | Christoph Pauly and Anne Seith
    Deutsche Bank and other financial institutions manage complex funds that buy up Americans' life insurance policies and pay their premiums in return for their payouts. But angry German investors are finding that Americans aren't dying as quickly as expected -- and that only the bankers are making a buck. snip -
  • 1,000 Banks to Fail In Next Two Years: Bank CEO

    08/27/2009 3:25:44 PM PDT · by RobinMasters · 67 replies · 6,014+ views
    CNBC ^ | August 27, 2009 | Natalie Erlich
    The US banking system will lose some 1,000 institutions over the next two years, said John Kanas, whose private equity firm bought BankUnited of Florida in May. “We’ve already lost 81 this year,” he told CNBC. “The numbers are climbing every day. Many of these institutions nobody’s ever heard of. They're smaller companies.” Failed banks tend to be smaller and private, which exacerbates the problem for small business borrowers, said Kanas, who became CEO of BankUnited when his firm bought the bank and is the former chairman and CEO of North Fork bank. “Government money has propped up the very...
  • Iran Plans Major Gas Investments

    07/04/2009 5:09:01 AM PDT · by Son House · 5 replies · 353+ views
    The Khaleej Times Online ^ | 04 Jul 2009 | Khaleej Times Online
    Iran has unveiled plans to invest around $75 billion in its two major gas fields by 2015 to exploit their huge undeveloped reserves. Managing Director of the National Iranian Oil Company (NIOC) Seyfollah Jashnsaz said that the country would finance a $40 billion investment in the South Pars gas field in a five-year plan to produce some 28 billion cubic meters of gas annually from the field. Iran and Qatar share the largest gas field in the world in the Persian Gulf, where the Iranian part is divided into 24 phases. Jashnsaz also noted that a $25-billion investment is planned...
  • House Speaker Proposes “Windfall” Tax on IRAs and 401ks

    03/14/2009 1:28:18 PM PDT · by John Semmens · 58 replies · 2,583+ views
    Semi-News/Semi-Satire | 14 March 2009 | John Semmens
    Speaker of the House of Representatives, Nancy Pelosi (D-Calif) is proposing a “windfall” tax be levied on “so-called retirement accounts.” “Who has the wherewithal to put money into these types of accounts?” Pelosi rhetorically asked. “I’ll tell you who—the rich. With unemployment soaring and businesses facing bankruptcy, people who can afford to put money into an IRA or 401k obviously have more than they need. Such selfishness must not be permitted to stand in the way of the President’s goal of equalizing incomes.” Pelosi characterized IRAs and 401ks as “tax dodges” rather than retirement plans. “Social Security is the nation’s...
  • Jim Cramer to recommend an "Obama Proof" stock portfolio over the next few weeks.

    02/27/2009 3:29:26 PM PST · by fightin bronco · 18 replies · 1,078+ views
    I think it is great that one of CNBCs most popular commentators is creating a segment on how to "Obama Proof" your portfolio. First pick, get out of the US and buy BHP due to growth in China
  • How to invest when the idiots are in charge? (Vanity)

    02/26/2009 6:45:03 PM PST · by teg_76 · 34 replies · 1,127+ views
    Sorry to post this vanity, but I was wondering what investment ideas people had in our changing country. I'm relatively young, have a little 401K, or 201K money, and am seriously considering putting a major amount of it in a fund that tracks the price of oil. It seems like the with such a business unfriendly environment, the old investment rules may not apply anymore. Any thoughts?
  • Stanford’s Political Investments: Obama, McCain, Dodd, Ney, DeLay... [#%(*!@$!~]

    02/19/2009 2:43:00 PM PST · by rabscuttle385 · 4 replies · 589+ views
    More than 100 members of Congress—past and present—as well as congressional campaign committees and the national parties benefited from political donations from the political action committee or employees of Stanford Financial Group since 2000, according to the Center for Responsive Politics. The Securities and Exchange Commission charged the firm’s head, R. Allen Stanford, on Tuesday with orchestrating a $8 billion fraud. Tuesday’s Wall Street Journal reported on Stanford’s status as an “international cricket sponsor, Washington political donor and private banker to Latin America’s wealthy.” President Barack Obama was the third-ranking recipient among lawmakers, with $31,750 collected from company employees during...
  • 'Tea Party' call by CNBC analyst Reacts to Obama's economic plans with 'rant' on live TV

    02/19/2009 10:51:39 AM PST · by Sammy67 · 48 replies · 2,660+ views
    WorldNetDaily ^ | 2/19/09 | Jerome R. Corsi
    CNBC's Rick Santelli this morning at the Chicago Mercantile Exchange With tongue only partially in cheek, a CNBC analyst on the floor of the Chicago Mercantile Exchange this morning responded to President Obama's proposed $275 billion deficit-financed homeowner bailout plan and other massive spending measures with a call for a new "tea party." Rick Santelli, in a nearly three-minute rant that drew approving hoots and comments from nearby traders, said the Obama administration's promotion of bad behavior must be causing the founding fathers to roll over in their graves. "We're thinking of having a Chicago Tea Party in July," Santelli...
  • As Jobless Claims Mount, Laid-Off Workers Should Not Rush To Withdraw Retirement Savings

    02/19/2009 10:26:46 AM PST · by Jabrown · 11 replies · 411+ views
    PDOP ^ | 02/19/2008 | J Brown
    With job losses continuing to mount, tens of thousands of laid-off workers are now turning to their 401(k)'s, IRA accounts and other retirement savings to keep their families afloat. However, individuals considering a premature distribution from their retirement savings should be wary, know their options, and develop a strategy before withdrawing from these accounts. If they don't, they may find themselves subject to a larger than necessary tax burden. Most individuals are aware that ...
  • Gold demand has risen to 3,659 tons: WGC

    02/19/2009 3:11:49 AM PST · by TigerLikesRooster · 67 replies · 950+ views
    Gold demand has risen to 3,659 tons: WGC Commodity Online LONDON: The global economic meltdown has propelled a surge in demand for gold jewellery, bars and coins that the demand for the yellow metal has risen to touch 3,659 tons, says a new report from the World Gold Council (WGC). The Gold Demand Trends, compiled for WGC by GFMS Limited said that investment demand for gold, including gold exchange traded funds (ETFs), bars and coins, was 64% higher in 2008 than in 2007. ”This is equivalent to an additional inflow of $US15 billion. Demand for gold bars and gold coins...
  • Pro-Terrorist Students Win Concessions at University of Rochester

    02/11/2009 6:50:51 PM PST · by Sammy67 · 10 replies · 581+ views ^ | 2/10/09 | David Horowitz
    As reported at Socialist, a Communist website: February 9, 2009 STUDENTS AT the University of Rochester (UR) and their supporters from the community occupied a campus building February 6 in solidarity with the victims of Israel's siege of Gaza--and in a matter of half a day declared victory after winning important concessions from the administration. The university agreed to a public forum to discuss UR's financial policies, and its investments in Israel and companies that do business in Israel. It also promised support for a campus-wide fund drive for Palestine, donations to Gaza of surplus supplies, and international...
  • An Ounce of Gold for a Fine Suit of Clothes...

    02/11/2009 12:13:26 PM PST · by mnehring · 53 replies · 3,260+ views
    One day in the early 1960s, Arnold Gingrich, Esquire magazine's founder and editor-in-chief, phoned his stockbroker with an unusual request: Gingrich needed a cashier's check for $12,000 right away. Would the broker please sell some of Gingrich's stocks? The stockbroker complied. But when it came time to hand over the check, the broker said to Gingrich, only half-jokingly, "I hope you haven't gotten some girl in trouble." Gingrich assured his broker that that was not the case, but declined to reveal why he needed such an amount—$84,953.73 in 2008 dollars. Months later, Gingrich encountered his broker at a social function....
  • Vanity Inquiry: as anyone invested directly in Gold Bullion?

    02/07/2009 1:54:36 PM PST · by freedumb2003 · 21 replies · 845+ views
    2/7/2009 | Me
    I actually started looking at because Mrs. FD said she wanted to buy some Mexican Centinenarios (not a good idea IMHO -- you lose too much value from raw gold prices). But that started me looking at gold in general and gold bullion. Historically, gold had done pretty well -- it doubled in the last 5 years and even went up bout 20% in the 5 years before (not bad but a portfolio that did that well would b well-regarded indeed). Has anyone here invested directly in bullion (I am too fiscally conservative to mess with futures and the like)?...
  • Biden backs off Geithner on China

    01/30/2009 6:59:27 AM PST · by Sammy67 · 17 replies · 939+ views
    Politico ^ | 1/29/09 | CAROL E. LEE
    The Obama administration backed off Treasury Secretary Timothy Geithner’s statement last week that China is “manipulating” its currency. In an interview with CNBC on Thursday, Vice President Joe Biden said the administration has made “no judgment” on whether the Chinese have manipulated their currency, an accusation that would have international legal ramifications. “The policy of this administration is going to be to say to China, which occasionally the last administration was reluctant to do. `You're a major player on the world scene economically, and you've got to play by the rules that
  • A Very Real New World Order

    01/27/2009 8:41:32 PM PST · by Sammy67 · 40 replies · 1,713+ views
    BorderFireReport ^ | 1/27/09 | Chuck Baldwin
    It is hard to believe, but a majority of Americans (including Christians and conservatives) seem oblivious to the fact that there is a very real, very legitimate New World Order (NWO) unfolding. In the face of overwhelming evidence, most Americans not only seem totally unaware of this reality, they seem unwilling to even remotely entertain the notion. On one hand, it is understandable that so many Americans would be ignorant of the emerging New World Order. After all, the mainstream media refuses to report, or even acknowledge, the NWO. Even "conservative" commentators and talk show hosts such as Rush Limbaugh,...
  • Robert Reich: Keep stimulus money away from skilled workers and “white male contractors”

    01/22/2009 7:13:19 PM PST · by Sammy67 · 93 replies · 2,869+ views
    michellemalkin ^ | 1/22/09 | michellemalkin
    I missed Clintonite moldy oldie-turned-Obama economic adviser Robert Reich’s testimony a few weeks ago on how the government should spend federal stimulus money. The Berkeley professor engaged in academic fantasy land talk about getting all the cash out to workers as quickly as possible — a pipe dream debunked by the CBO report I mentioned in my column yesterday. Even more noteworthy, however, were the comments Reich made about which workers deserve the stimulus bucks most. Reich’s proposal exposes the lie that the Obama administration is actually interested in revitalizing basic infrastructure for the good of the economy. No, what...
  • Catholics targeted by NY man in $17M Ponzi scheme

    01/08/2009 11:07:14 PM PST · by 2ndDivisionVet · 4 replies · 496+ views
    The London Guardian / The Associated Press ^ | January 9, 2009 | Carolyn Thompson
    An 82-year-old businessman was charged Thursday with running a Ponzi scheme that took in at least $17 million from a clientele gleaned largely through ads in Catholic newspapers. Richard Piccoli of suburban Buffalo declined to comment after appearing in federal court on a criminal complaint charging him with mail fraud. He was ordered to return Tuesday for arraignment. He could face up to 20 years in prison and a $250,000 fine if convicted. The U.S. Securities and Exchange Commission, meanwhile, moved to freeze the assets of Piccoli and his 33-year-old company, Gen-See Capital Corp. Investigators said Piccoli guaranteed annual returns...
  • When The Strict Get Stricter, The Rich Get Richer

    01/08/2009 2:09:47 AM PST · by SvenWaring · 2 replies · 331+ views
    Online Investing AI Blog ^ | 1-9-2009 | Online InvestingAI
    Our society tends to see things as black and white, good and bad, and, economically speaking, rich and poor. Like the small town in the Old West, we see the economy as a zero-sum game; there’s only room in this town for one sheriff. This type of thinking promotes the idea that if you are making money, you are taking money. And if you have money, you made someone else poor. The sheriff, in this case, the financial regulator, rides in with a pen and paper a’blazing to try to right the wrongs of this limited economic vision. But, the...
  • Corporate bonds among best 2009 investments (What the Arabs are thinking)

    12/27/2008 9:37:06 AM PST · by SeekAndFind · 11 replies · 937+ views
    Arabian Business ^ | Dec 25, 2008 | Soren Billing and Rebecca Bundhun
    Corporate bonds will be among next year’s best investments as real estate and equity markets remain in the doldrums, the chief executive of Mashreq Capital has said. “Things have fallen down to levels where it is difficult to think that they could really get a lot lower,” Abdul Kadir Hussain said of the region’s debt markets. “In that environment, where interest rates and volatility are likely to stay low, you can easily get 10, 12, or 15 percent total return on the blue chip, stronger names.” Kadir believes an economic recovery will start in the second half of the year,...
  • The Worlds Largest Hedge Fund is a Fraud. (report to the SEC, concerning Madoff, November 7, 2005)

    12/26/2008 5:09:43 PM PST · by FoxPro · 45 replies · 2,615+ views ^ | November 7, 2005 | Mr. Markopolos
    Is the author of this complaint any relation to Madoff. They appear to have the same last name.
  • NY Times Sees Old Church vs. New Church

    12/19/2008 9:44:31 AM PST · by NYer · 6 replies · 558+ views
    CMR ^ | September 19, 2008 | matthew archbold
    The New York Times is criticizing Ave Maria Mutual Funds, whose Web site promises “smart investing and Catholic values.” Now, I'm not getting into the merits of the company which I don't know. I don't have the money to do much investing anyway. But the Times Editorial Staff used a little story about Ave Maria as a jumping off point to make a political point about the Church. Ave Maria says it is designed for people who want to put their money “in companies that do not violate core teachings of the Catholic Church.” It says it screens companies using...
  • Fraudulent ‘Credit Crisis’ Paves Way for Economic Disaster

    12/17/2008 8:47:28 PM PST · by Sammy67 · 36 replies · 2,342+ views
    FamilySecurityMatters ^ | 12/16/08 | Cliff Kincaid
    Doing the kind of investigative reporting we should expect from the major media, a financial research and consulting firm has released a major analysis of the “credit crisis” that concludes that the claims made by Treasury Department Secretary Henry Paulson and Federal Reserve chairman Ben Bernanke to justify a socialist takeover of the financial industry were demonstrably false. The analysis, Flawed Assumptions about the Credit Crisis: A Critical Examination of US Policymakers,concludes that the result of the unjustified massive federal intervention in the economy could be similar to the economic crisis in the Weimar Republic of 1922, where disastrous hyperinflation...
  • The Safest Ways to Invest in Gold and Silver

    12/17/2008 10:37:38 AM PST · by shove_it · 60 replies · 2,144+ views
    seekingalpha ^ | 12/17/2008 | Jason Hamlin
    I am often asked what is the best or safest way to get exposure to precious metals. To be sure, there is a dizzying array of options from owning and storing the physical metal yourself to buying junior mining stocks. But the current crisis of confidence, brought on by the collapse of institutions that nobody thought could fail and the most recent $50 billion Ponzi scheme, has investors looking at safety and wealth preservation more than ever. Buying physical gold and silver gives the owner definite possession, but comes with high premiums and the necessity to store and protect the...
  • How Bad Did the SEC Blow the Madoff Ponzi Scheme?

    12/13/2008 12:12:34 PM PST · by Kozman · 28 replies · 2,130+ views
    As startling as a $50 billion Ponzi scheme is, more staggering has to be the SEC's failure to catch the scheme years ago...Harry Markopolos, who years ago worked for a rival firm, is a money manger and a fraud investigator, wrote to the SEC in 1999 about Madoff after researching Madoff's supposed stock-options strategy and was convinced the results likely weren't real. "Madoff Securities is the world's largest Ponzi Scheme," Markopolos, wrote in his 1999 letter to the SEC..Markopolos didn't stop there. He pursued his accusations over the past nine years, dealing with both the New York and Boston bureaus...
  • Sharia Finance: Last Gasp of a Doomed American Economy?

    12/12/2008 12:27:50 PM PST · by Sammy67 · 11 replies · 1,209+ views
    creepingsharia ^ | 12/11/08
    Over the next year, the U.S. government will need to borrow somewhere in the neighborhood of $1 trillion, the most ever by far. Estimates go as high as $2 trillion, depending on how quickly the economy cools and how fast tax revenues fall. The simple question most of America has not asked is this: Where is the money going to come from? The federal government already knows the answer to that question, and it has implications Americans are not ready for but will soon be faced with. America is going cap in hand to Middle East oil exporters. What government...
  • Trilateral Plan to Corner World Gold Market?

    12/10/2008 7:11:22 AM PST · by Sammy67 · 33 replies · 1,170+ views [Editor's note: members of the Trilateral Commission and companies with Commission representation appear in bold type.] Since 1973, this writer has made inquiry as to the location and ownership of the vast stores of monetary gold (400 oz., .999 pure bars) in the world. There has not been a formal audit on Fort Knox, for instance, since the Eisenhower administration. Official statistics on gold holdings are often contradictory. Getting plain answers from any Central Bank in the world, including the Fed, is virtually impossible. This paper points out a pattern of manipulation that has been clearly observed by many...
  • China tells US to make sure Beijing's investments are safe

    12/03/2008 6:52:28 PM PST · by NormsRevenge · 22 replies · 700+ views
    AFP on Yahoo ^ | 12/3/08 | AFP
    BEIJING (AFP) – China's top envoy to high-level economic talks with the United States urged Washington Thursday to make sure Chinese investments in the US economy were safe. "We hope the US side will adopt every necessary measure to stabilise its economy and financial markets and ensure the safety of China's assets and investment in the United States," Vice Premier Wang Qishan said. He made the remark in prepared comments at the start of two days of Sino-US economy talks in Beijing that he is co-chairing with US Treasury chief Henry Paulson. At the end of September, China officially became...

    11/25/2008 6:36:10 AM PST · by Virginia Ridgerunner · 106 replies · 5,513+ views
    The Drudge Report ^ | 11-25-2008 | Matt Drudge
    A leading Russian political analyst has said the economic turmoil in the United States has confirmed his long-held view that the country is heading for collapse, and will divide into separate parts. Professor Igor Panarin said in an interview with the respected daily IZVESTIA published on Monday: "The dollar is not secured by anything. The country's foreign debt has grown like an avalanche, even though in the early 1980s there was no debt. By 1998, when I first made my prediction, it had exceeded $2 trillion. Now it is more than 11 trillion. This is a pyramid that can only...
  • U.S. Interest in Shariah Finance Opens Dangerous Doors, Critics Say

    11/13/2008 6:06:07 PM PST · by Sammy67 · 5 replies · 470+ views
    Fox News ^ | 11/13/08
    Shariah-compliant banking, sometimes called Islamic banking, is growing in popularity in the Western and Islamic worlds. But critics say American interest in the system at a time of economic crisis is opening the door to increased Islamic influence in the American banking system. Worse yet, some fear the banks may be helping to finance international terrorism. In Shariah-compliant banking, lenders may not charge interest and investors cannot make money from forbidden industries like gambling, alcohol, pork and pornography. Selling debt, devising derivatives and short selling are also prohibited, and investments must be closely tied to actual assets. In the U.S.,...
  • Democrats Target 401k and IRA Retirement Accounts

    11/12/2008 7:56:41 PM PST · by Sammy67 · 48 replies · 2,649+ views
    RightSideNews ^ | 11/10/08 | Karen McMahan
    Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers' personal retirement accounts - including 401(k)s and IRAs - and convert them to accounts managed by the Social Security Administration. Triggered by the financial crisis the past two months, the hearings reportedly were meant to stem losses incurred by many workers and retirees whose 401(k) and IRA balances have been shrinking rapidly. The testimony of Teresa Ghilarducci, professor of economic policy analysis at the New School for Social Research in New York, in hearings Oct. 7 drew the most attention and criticism. Testifying for the House...
  • Protest U.S. Treasury department’s efforts to promote seditious Islamic Shariah-compliant finance

    11/10/2008 9:12:50 PM PST · by Sammy67 · 7 replies · 215+ views
    Washington, DC: A new interfaith, bipartisan coalition of public policy organizations, human rights activists and religious groups, the Coalition to Stop Shariah, will hold a press conference Thursday morning, November 6, to challenge the U.S. Treasury Department’s sponsorship of a training seminar for government employees on managing U.S. financial assets in compliance with Shariah Law. Shariah Compliant Finance is a program that has been described by its leading practitioners as “financial jihad” against the United States. Leading members of the Coalition will be holding a press conference at the National Press Club’s West Room at 10:00 a.m. They will be...
  • Cardinal Urges New "Logic" in Fixing Economy--Recalls That System Is Made to Benefit Man

    10/28/2008 2:46:17 AM PDT · by GonzoII · 12 replies · 356+ views
    Zenit ^ | 10-27-08
    This logic, the cardinal said, "was till now that of maximum gain, and therefore the most investments possible directed toward obtaining maximum benefit. And this, according to the social doctrine of the Church, is immoral," since the market "should be able to benefit not just those who invest capital, but also those who participate in the step of making it grow, that is, those who work."
  • House Democrats Aim to Remove 401k Tax Breaks

    10/22/2008 9:42:21 AM PDT · by Bodhi1 · 113 replies · 3,607+ views
    All American Blogger ^ | 10/22/08 | Duane Lester
    For those who don't know, here's what it is in a nutshell: Employee 401k contribution are automatically deducted from their paycheck each pay period. This money is taken out before the employees paycheck is taxed. The contributions are invested at the employees direction into one or more funds provided in the plan. Employers often "match" employee contributions, but are not required to do so. While the investments grow in the employees 401k account, they do not pay any taxes on it. The individual is using his or her property to ensure a prosperous future before the government has a chance...
  • At 60, retirement slips away (so I am going to become a socialist)

    10/21/2008 11:18:49 AM PDT · by 2banana · 76 replies · 2,322+ views
    Bucks County Courier Times ^ | October 20, 2008 | J.D. Mullane
    At 60, retirement slips away By J.D. MULLANE Staff Writer His pension jeopardized, his 401(k) savings sliced in half by roiling markets, Walt O’Connor is a man in crisis. At 60, retirement has slipped from his grasp. “Been doing a lot of thinking about my situation,” he said, as we sipped coffee in the kitchen of his Croydon home. “There’s my real life savings, there.” He pointed to a wall. On it — a framed photograph of his five smiling children. “I guess I forgot what’s important,” he said. He is barely able to speak for about a minute. “I’ve...
  • Best way to own gold?

    10/11/2008 8:28:58 AM PDT · by reaganaut1 · 92 replies · 3,829+ views
    October 11, 2008 | me
    My wife wants to own at least $10,000 of gold. She has never trusted stocks much, and recent events have made her more concerned. I have told her about the Gold ETF (symbol: GLD) and about gold futures contracts, but she does not want "paper". So I suppose we could buy gold coins or gold bullion and store it in a bank safe deposit box or a safe at home. How do the Freepers who invest in gold do it? How do you sell when the time comes? We are of Indian origin. Indians (especially women) cherish gold. As India...