Archive for April, 2013

Doug Casey: What you need to know about "currency controls"

From Casey Research:
 
(Interviewed by Louis James)
 
L: Doug, we talked previously about getting assets out of your home country, especially the US, where to take them, and what to do with them. In so doing, you touched on the inevitability of currency controls just ahead, especially for Americans. Can you tell us more about that?
 
Doug: Yes. I’m quite serious about what I said about "the grim reality of impending currency controls." As the global economy continues to deteriorate, governments will have to appear to be "doing something." It’s going to become very fashionable to institute some sort of foreign exchange control.
 
Why might that be? Because obviously, people who are taking their money out of the country are unpatriotic…
 
L: Those b#$%^&*#.
 
Doug: That’s right. Jingoistic Americans naturally, but stupidly, see taking money out of the country as being unpatriotic. They don’t understand that it’s mainly those prudent people who will be able to supply the capital to rebuild a devastated economy later.
 
Besides, getting money abroad is obviously something that only rich people would do… and of course, it’s time to eat the rich, as well.
 
For those two reasons, there won’t be much resistance to controls. And the state gets to appear to be "doing something."
 
And when they do, more people – at least those with any sense – will get scared and really try to get their money out, which will exacerbate the run to the exits. The bottom line is that if you want to get your money out, the time to do it is now. Beat the last-minute rush.
 
I don’t know what form the exchange controls are going to take, but there are two general possibilities…
 
 
More from Doug Casey:
 
 
 

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on Doug Casey: What you need to know about "currency controls"

An important fact to remember about terrorism in the U.S.

From Washington’s Blog:
 
Calm down… You are much more likely to be killed by boring, mundane things than terrorism…

 
We noted in 2011:
 
•  
You are 17,600 times more likely to die from heart disease than from a terrorist attack.
•  
You are 12,571 times more likely to die from cancer than from a terrorist attack.
•  
You are 11,000 times more likely to die in an airplane accident than from a terrorist plot involving an airplane.
•  
You are 1048 times more likely to die from a car accident than from a terrorist attack.
•  
You are 404 times more likely to die in a fall than from a terrorist attack.
•  
You are 87 times more likely to drown than die in a terrorist attack.
•  
You are 13 times more likely to die in a railway accident than from a terrorist attack.
•  
You are 12 times more likely to die from accidental suffocation in bed than from a terrorist attack.
•  
You are nine times more likely to choke to death on your own vomit than die in a terrorist attack.
•   You are eight times more likely to be killed by a police officer than by a terrorist.
•   You are eight times more likely to die from accidental electrocution than from a terrorist attack.
•   You are six times more likely to die from hot weather than from a terrorist attack.
 
Let’s look at some details from the most recent official statistics.
 
The U.S. Department of State reports…
 
 
More Cruxallaneous:
 
 
 

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on An important fact to remember about terrorism in the U.S.

Forget Japan… This "left behind" Asian market could now be starting a massive breakout

From All Star Charts:
 
In addition to the United States, it’s really been the Asia Pacific region that’s been leading global equities. Obviously Japan has been ripping all year long. But Indonesia, Malaysia, Philippines, and Thailand have been rocking all year as well.
 
Singapore, on the other hand, has just been consolidating sideways for almost five months. Until last week.
 
We’ve been waiting patiently for this one. In early February, we were hoping it was time for the breakout. But with European and emerging markets getting slaughtered after the Super Bowl, there just weren’t enough buyers to let her rip. But that was potentially a blessing in disguise. All that it created was an even bigger base, which could lead to an even bigger breakout.
 
As we discussed in our end of week video, the iShares Singapore ETF finally took out…
 
 
More trading ideas:
 
 
 

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on Forget Japan… This "left behind" Asian market could now be starting a massive breakout

Gov’t gone WILD: Baby taken from parents for wanting a second medical opinion

From Liberty Blitzkrieg:
 
This is a disturbing story on so many levels. If we don’t start standing up for ourselves as a society, individuals and families will not be allowed to make any decisions for themselves.
 
"Free" will be a thing of the past and "the state" will make all choices for us because, after all, they know best.
 
Let’s not forget the recent case of a 14-year-old arrested for wearing a benign pro-gun t-shirt. I can’t even begin to fathom how traumatized these poor parents are. From KSDK News:
 

It all began nearly two weeks ago, when Anna Nikolayev and her husband Alex took their 5-month-old boy Sammy to Sutter Memorial Hospital to be treated for flu symptoms, but they didn’t like the care Sammy was getting…

 
 
More "government gone wild":
 
 
 

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on Gov’t gone WILD: Baby taken from parents for wanting a second medical opinion

New report exposes a serious problem with "quantitative easing"

From PragCap:
 
I was going through a recent note from SocGen’s Patrick Legland and came across a nice visualization for potential problems from Japan’s QE program.
 
As I’ve mentioned before, Japan’s Yen strategy is inherently zero-sum. That is, if the lower Yen boosts Japanese growth, then it’s essentially stealing from someone else’s growth.
 
We’ve seen this most clearly in Europe in recent years where the weak Euro has benefited Germany and not the periphery nations (who are all current account deficit nations). So it’s interesting to note that the decline in the Yen is hurting… Germany!
 
This is interesting because of some of the recent calls for the ECB to copy the BOJ’s easing policy.
 
Of course, the Japanese are benefiting from the loss of trade in other nations. So, once we all start engaging in a "race to the bottom," it would be irrational for stock prices to reflect this environment benefiting everyone involved. And as we’ve seen in Europe…
 
 
More on QE:
 
 
 

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on New report exposes a serious problem with "quantitative easing"

Simple chart shows everything you need to know about stocks and the economy

From Crossing Wall Street:
 
We often speak of the stock market and the economy as if they’re closely tied together. The evidence suggests they’re not.

 
For one, the stock market follows corporate profits which is only a small part of the overall economy. Secondly, the stock market tries to look ahead in time.
 
That’s why the best time to invest is when things look terrible. Consider how glum everyone was four years ago.
 
Here’s a look at quarterly changes in GDP (horizontal) along with quarterly changes in the S&P 500…
 
 
More on the markets:
 
 
 

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on Simple chart shows everything you need to know about stocks and the economy

Why armed soldiers could be coming to a town near you

From SHTFplan:
 
Now that heavily militarized law enforcement and National Guard troops have been accepted as a necessity to preserve the safety and security of Americans, city officials across the country are undoubtedly starting to consider how they can best utilize their new found policing powers.

 
In Steubenville, Ohio, for example, where assaults, robberies, rapes and murders are well above the national average, city manager Cathy Davison is reportedly in talks with the state’s governor and National Guard to assist with the ever-rising crime rate.
 

Steubenville City Manager Cathy Davison said Wednesday that calling for assistance from the National Guard is "absolutely an option"…

 

"Oh, absolutely. It is an option and that’s part of the conversation we’re having with city council and the governor," answered Davison.

 

"If that’s what step we need to take to get people out of our city, can we utilize it?"

 

Attention on violent crime was raised this week after the Fraternal Order of Police Steubenville Lodge President Jim Marquis called a news conference at which he listed more than 40 "weapons calls" handled by the city police department since January.

 

Marquis suggested the rise in weapons crime was linked to the decrease in the number of officers employed by the Steubenville Police Department…

 
Make no mistake. This is not a one-off consideration restricted to Steubenville…
 
 
More government insanity:
 
 
 

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on Why armed soldiers could be coming to a town near you

Wayland company offers investments as good as gold – MetroWest Daily News

Wayland company offers investments as good as gold
MetroWest Daily News
Remember Burl Ives singing the song "Silver and Gold" on the TV special "Rudolph the Red-Nosed Reindeer"? Sure, you do. Still, you don't have to be in a holiday mood to think of silver and gold as a merry investment. To aid investors in buying and
Top 5 Zacks #1 Ranked Precious Metals Funds – Best of Funds – NASDAQ.comNASDAQ

all 4 news articles »

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on Wayland company offers investments as good as gold – MetroWest Daily News

Best Ways to Invest in Gold – MainStreet


Indian Express
Best Ways to Invest in Gold
MainStreet
NEW YORK (MainStreet) —Investing in gold is not for the faint of heart. The beating the precious metal has experienced so far this spring has left it trading at prices that are more than 20% below its 2011 high. It is difficult to predict whether the
60 Seconds with James G. RickardsWealthManagement.com

all 20 news articles »

Tuesday, April 30th, 2013 Invest, News, Wealth Comments Off on Best Ways to Invest in Gold – MainStreet

Gold’s Plunge Ultimately Healthy for the Sector: Michael Gray

April 29, 2013 (Investorideas.com Mining stocks newswire) Market volatility sets the stage for price upswings as well as down, according to Michael Gray, equities analyst of Macquarie Capital Markets, and the recent gold price drop should be seen as a “pause” in the bull market.

Tuesday, April 30th, 2013 News Comments Off on Gold’s Plunge Ultimately Healthy for the Sector: Michael Gray

Search

 

Charts




Archives