Asset and Wealth Protection
Ben Bernanke is stumped. That’s what the Federal Reserve chairman told The Associated Press last week. The AP report said: “Fed Chairman Ben Bernanke told reporters Wednesday that the central bank had been caught off guard by recent signs of deterioration in the economy. And he said the troubles could continue into next year.
Hyperinflation, aka runaway inflation, is becoming a very real possibility to millions of Americans who heretofore clung to their weekly visits to Outback Steakhouse and the feel-good mantra of “American exceptionalism.” Considering this, my memory takes me back to my teenage years.
I told you last month that changes to Personal Liberty Digest™ were in the works. Now, I want to announce our newest feature: The Liberty Store. In our all-new Liberty Store, you can buy our Bob Livingston line of books and books from our contributors.
The world economy is in a very fragile state, despite the fact that world gross domestic product is growing at a rate of about 4.3 percent this year. Most of the growth comes from emerging markets like China, Brazil and India. What differentiates these nations from the West is they typically have much lower levels of debt.
Do you still recommend Swiss annuities? Do we have to report them to the Internal Revenue Service beginning June 30, 2012? An IRS tax consultant I talked to said I do. The IRS tax consultant also said I owe an excise tax on the Swiss annuity. If this is correct, do you have any information on how to figure that or know someone who does?
“We’re on the verge of a great, great depression. The (Federal Reserve) knows it.” So said Peter Yastrow, market strategist for Yastrow Origer on CNBC Wednesday. Yastrow’s point: Money managers can’t find an investment they feel is a safe haven for their investors. That’s because the Federal Reserve’s Ponzi scheme has been exposed for the fraud it is.
Bob, good morning. I am a recent stock-purchaser. I, by myself, set up an online Fidelity account. It charges $7.95 per stock transaction. There might be other websites that are better; but for now, I am enrolled into this one. I went to purchase a Canadian stock, mentioned by others, but similar to your logic […]
A lot has been written about commodities and precious metals in the recent past. While some investors believe that we are in the middle of a super cycle for commodities and precious metals, others think that there is already too much speculation built into current prices; that we are in a speculative bubble that will have to burst eventually.
As the debate over raising the Federal debt limit rages, policy groups have suggested selling off Federal assets to pay debts. One Presidential contender, Representative Ron Paul (R-Texas), said the United States should sell the gold in Fort Knox — that is, if Fort Knox has any gold to sell. Paul called for an audit of the Federal government’s gold reserves in August 2010, but was voted down. He said, “If there was no question, you’d think they would be very anxious to prove to us that the gold is there.”
On Friday, Gallup released the results of a new poll showing that a majority of Americans are against raising the debt ceiling.