Category: Financial System

Financial System

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Debunking American Tax Myths

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The US Tax system is one of the most complicated and least understood in the world.  Yet it’s really very simple.  But like with everything American, capitalism has made a business out of tax preparation ‘the tax industry’. First, let’s understand a key difference between TAX AVOIDANCE and TAX EVASION. Tax Evasion is ILLEGAL, and […]

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Bernanke increases real stimulus by 204%

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The ducks are lining up for an absolute disaster in the stock market over the months ahead. The Fed clearly see risks on the horizon, and the stock market does not. That will change very soon. How do we know this? The equation for calculating real stimulus involves consideration to the funding operations of the […]

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At 77 He Prepares Burgers Earning in Week His Former Hourly Wage

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It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe. Today, the 77-year-old former vice president of marketing for Oral-B juggles two part-time jobs: one as a $10-an-hour food demonstrator at Sam’s Club, […]

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Bakken – Hype Versus Reality

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As Wall Street, CNBC, and feckless politicians tout American energy independence from the miracle of shale oil, reality is already rearing its ugly head. Production grew by 24% over the first six months of 2012. Production has grown by only 7% over the first six months of 2013. That is a dramatic slowdown. The fact […]

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A River of American Money Flows to D.C.

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Jeffrey H. Anderson September 23, 2013 12:50 PM The question at the core of most of today’s debates in American politics is whether all people have an unalienable right to keep the fruits of their own labor—as the Founders believed and the Declaration of Independence (properly understood) asserts—or whether the government should funnel vast sums […]

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Chart Of The Day: The Fed’s “Renormalization” Shock (All 600 bps Of It)

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As we noted earlier, Bernanke’s actions this week make it very clear that between “financial conditions” and the fragility of growth, the US is incapable of surviving without ZIRP and QE (for now). As Barclays notes, ultimately, normalisation should proceed according to a timeline that does not threaten recovery, yet will result in a neutral […]

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The Only Legal Way to Escape US Taxes Besides Death and Renunciation

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Sep 18, 2013 – 09:37 PM GMT By Nick Giambruno, Editor, International Man When I hear about strategies that purport to legally allow US citizens to avoid having to pay income taxes, the first thing that usually comes to mind is that it is some sort of dodgy cockamamie scheme. This is because the US […]

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Larry Summers and the Secret “End-Game” Memo

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When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it. The Memo confirmed every conspiracy freak’s fantasy:  that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip […]

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