Tax Loopholes Five Ways Businesses and Individuals Beat the System

You have no doubt heard the phrase that nothing in this life is certain except death and taxes… While this may be generally true, there are, of course, some tax loopholes. Obviously, no one wants to pay more in taxes than they have to and this is where tax loopholes come in. Here are a few… Avoiding The […]

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Venezuela Currency Devaluation Currency Crisis Ahead?

Venezuela’s economy is in dire straights. Its productivity has plummeted, its debt has skyrocketed, its currency is the weakest it has ever been as far as available data shows. And it’s about to take another hit in March of next year in an emergency effort to bring runaway inflation under control and draw foreign investment […]

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Washington Has Discredited America — Paul Craig Roberts

Years ago when I described the George W. Bush regime as a police state, right-wing eyebrows were raised. When I described the Obama regime as an even worse police state, liberals rolled their eyes. Alas! Now I am no longer controversial. Everybody says it. According to the UK newspaper, The Guardian, the Chancellor of Germany, […]

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HSBC Gets Small Fine For Terrorist Transactions

A major U.S. bank has agreed to a settlement for transferring funds on the behalf of financiers for the militant group Hezbollah, the Treasury Department announced on Tuesday. Concluding that HSBC’s actions “were not the result of willful or reckless conduct,” Treasury’s Office of Foreign Assets Control accepted a $32,400 settlement from the bank. Treasury noted, […]

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Credit Suisse Fraud Exceeded $1 Billion: N.J.’s Hoffman

Hoffman’s office sued Credit Suisse over claims it misled investors about the risk involved in more than $10 billion in securities issued in 2006 and 2007, before the housing market collapsed. The lawsuit follows one by New York Attorney General Eric Schneiderman, who claimed last year that the bank misled investors about its review of […]

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Do We Even Need a Banking Sector? Not Any More

“Do we need a banking sector dominated by politically untouchable “Too Big to Fail” (TBTF) banks? Thanks to fast-advancing technology, the answer is a resounding no. Not only do we not need a banking sector, we would be immensely better off were the banking sector to wither and vanish from the face of the Earth, along […]

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Fed's Balance Sheet Rises To Record $4.01 Trillion

“Dear Federal Reserve: happy 100th birthday! What better way to celebrate it than with a balance sheet that just crossed above $4 trillion, or $4.01 trillion to be precise, which represents 24% of the recently upward revised US GDP, for the first (but certainly not last) time in history. Fingers crossed that promptly after next year’s Untaper, […]

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JPM's Quiet Scramble To Refill Its Gold Vault

“As we repoted consistently, at times on a daily basis, one of the more memorable stories of the summer of 2013, was the rampant and furious depletion of gold (both eligible and – mostly – registered) stored deep in the gold vault of JPMorgan located under 1 Chase Manhattan Plaza, since sold to a Chinese conglomerate [2] (understandable […]

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The 'old-fashioned' gift of silver

“This year for the first time I’m going to give the gift of silver as a Christmas present. Specifically, I’m going to give a couple of silver coins to my godson who is in 8th grade. As gifts go, I recognize this is not very exciting and I know such a present might not get […]

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My Gold & Silver Predictions For 2014 & The Federal Reserve Taper

The Fed Tapering QE I was just on Monday saying to GFL Platinum clients that the Fed is likely to Taper in the next quarter and what to do if they do. I told them to prepare for a $1-$1.50 drop in the price of Silver if they do taper and currently we’re $0.67 down. […]

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