|The Gross National Debt|
What's with all this QE trimming?
I think of it this way. The governments "official" rate of inflation is just under 2% they pat themselves on the back. They want stocks to go up. They shoot up. A lot. The stock market isn't apart of the inflation rate, but they now worry it's gone to far to fast due to their policies.
They want a correction and not a wipe out. Better to correct now. They know the market is so ridiculous that it will sell off from the words of just one man.
I'm listening to NPR this morning on the way to work and they are talking about how Apple (
While Apple's estimated tax payment for 2012 is $6 billion, the Senate investigators estimate that Apple avoided paying another $9 billion in taxes last year.
Well, I am just shocked! The corporate tax rate in America is 40%. Did you know that? The federal corporate tax rate is 35% and when you add in state and local corporate taxes it works out to an average of 40%! (Source http://www.kpmg.com/global/en/services/tax/tax-tools-and-resources/pages... KPMG International)
This is the incentive for large cap corporations to lobby. Lower the corp tax rate and you will have less lobbying. Most people miss this connection I've found. I think having the corporate tax rate at 20% would make a big difference and even end up collecting more revenue for the government. But collecting more revenue is not with this is about despite what politicians may tell you.
I'll try and keep this short and sweet. Stocks seem to be getting into a higher risk area and look over bought, while the metals and the miners are looking over sold. I'm not calling a top in stocks and I'm not calling a bottom in the gold, silver and the miners.
What I plan on doing is saving some money in cash. I don't know when stocks will turn over, and I don't know when miners will reach a bottom. I want to wait for the market to make that decision for me.
Silver is down 6% as I type, and Pan American Silver Corp
Saw this headline in the Seattle Times this morning, "Report: IRS targeting went beyond ‘Tea Party’.
Jones Soda (
I remember there were a lot of stories back then, and now you just don't hear to much about them anymore.
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You CAN Live a Rich Life While Building Wealth
Not to get you all depressed the weekend, but you should be aware of a couple of items that should concern you.
People are giving up looking for work and do not show up in the official unemployment rate. There has been a lot of cheer over the recent unemployment rate dropping and on the surface it looks great, but the reality is much different.
There are so many key lessons in this wonderful story it would do you well to read it twice. The L.A. Times wrote about David Tran, the man who started Sriracha or what some of my friends refer to as “Hot Cock”. You can’t go anywhere without seeing this stuff, in fact I bet you have some in your fridge right now, and if not what’s a matter with you anyway?
I was looking at the forum today and found an article that states, "IRS Data Web Snares Mostly Low- and Middle-Income Taxpayers".
Each Sunday I plan on finding great stories for you to read that I find interesting through out the week. I want you to get free and live a better life!
Jim ScinClair on King world news
A very strong and immediate recovery, that is sustained, makes the message clear that gold is an ingredient for these wealthy families to maintain their wealth and power, not simply over a generation, but over multiple generations.