The high rate of inflation most of us believe is waiting not too far down the road will be an earthquake for investment markets. The likely winners (gold, silver, precious metals stocks) and the likely losers (long-term bonds and most stocks) aren’t too hard to identify. But separating the sheep from the goats is only one element for financial success in an environment of rapidly rising consumer prices.
Is Thomas Jefferson responsible for America’s current-day financial crisis? Is there a revolution on the horizon? IM correspondent Jeff Thomas takes us on a provocative journey – both past and present – of one of the most famous documents ever drafted: The U.S. Constitution
Will the US government confiscate the gold held by its citizenry at some point, as they did in 1933? Will other countries, particularly the EU countries, follow suit? This subject is a particularly thorny one.
For many years, those of us who are not American have frequently advised our American friends of the coming economic collapse of the US, suggesting that they prepare a “back door” so that they are not trapped in a location that may well be a problematic and even dangerous place to live for themselves and their families.
Some people are more observant than others. Some are more capable of thinking outside the box than others. Whether this is by nature or nurture is a moot point.
Just when you thought there was nothing more the US government could do to motivate you to ship your financial life offshore, they came up with another one. And if you have a sizeable net worth, it’s a big one; you could save your family $2.2 million in taxes by acting on the opportunity during the next 21 months. A husband-and-wife effort could save twice as much.
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