Asset and Wealth Protection
A young married couple recently told me they’re trying to figure out how to make less money so they can qualify for a subsidy in order to make the Affordable Care Act “affordable” for them. Around the same time, and half a continent away, the San Francisco Chronicle published a story that reveals many middle-class Americans are awakening to the same dilemma.
The news that Janet Yellen was nominated to become the next Chairman of the Board of Governors of the Federal Reserve System was greeted with joy by financial markets and the financial press. Wall Street saw Yellen’s nomination as a harbinger of continued easy money. Contrast this with the hand-wringing that took place when Larry […]
I just read The Insidious, Hidden Nature Of Theft By Government, which was excellent as usual. However, I question the ending conclusion, “Preserve your labor, your savings and retirement with gold and silver…” Every author of similar articles seems to conclude the same thing. And, I would agree if we were free to own it. Today we are, but what about tomorrow? No author ever mentions that in 1933 the “hoarding” of gold and silver became illegal, per Executive Order 6102. Hoarding at the time meant that it was illegal to own any amount of gold over a mere value of $100 (a face value equivalent to 5 troy ounces (160 g) of Gold valued at about $7800 as of 2011). This information is at http://en.wikipedia.org/wiki/Executive_Order_6102.
I can’t imagine that you are not aware of this, so why are you not pointing this out to your readers. After everyone “preserves” their wealth by buying gold, I believe it’s going to be taken away. People are being led to slaughter.
I welcome a rebuttal that makes good sense. More importantly, if this can happen again, please warn your readers.
Thank you for your consideration,
The Federal Reserve’s zero interest rate policy (ZIRP) of the past half dozen years or so has been a financial act of war on the country’s seniors and, for that matter, on all savers. Under ZIRP, interest rates are artificially lowered through the Fed’s monetary policy popularly known as “QE,” quantitative easing.
This story, written by Jake Bernstein, was originally published by ProPublica on Oct. 10. A version of the story was also co-published with The Washington Post. In the spring of 2012, a senior examiner with the Federal Reserve Bank of New York determined that Goldman Sachs had a problem. Under a Fed mandate, the investment […]
Depreciating currency is destroying America. America is a giant Ponzi scheme no different from the one pulled off by Bernie Madoff. Madoff’s scheme collapsed because he became locked into an economic death spiral of moving dollars from one pile to another. That is the case of the U.S. economy.
Federal Reserve Vice Chairman Janet Yellen is said to be President Barack Obama’s top choice to replace Helicopter Ben Bernanke at the Federal Reserve. Progressives are said to be ecstatic, viewing Yellen as someone who will continue if not double down on Bernanke’s money printing policies. As usual, progressives are missing the point.
This post, written by John P. Chochran, originally appeared on the Ludwig von Mises Institute website on September 11. Paul Krugman has recently been critical of Friedman (and Phelps), the Phillips curve, and the Natural Unemployment Rate (NUR) theory in the process of arguing that due to the recent Great Recession, the accompanying financial crisis, […]
There’s a new version of the American dream these days that doesn’t so much involve the white picket fence and automobile in the driveway. Rather, the new dream shared by a growing number of Americans involves getting off their backs the creditors who helped them finance their initial go at the American dream.
Recovery summer never materialized, despite predictions by President Barack Obama and Fed Chairman Ben Bernanke. And guess who’s hurt the most by Obama’s policies. It’s Obama’s core demographic.