Investors should take every precaution right now to protect their money from a major market disaster that will destroy the economy and impoverish millions of Americans.
That's according to legendary investor Jim Rogers, who delivered his frightening warning recently on Yahoo! Finance.
Rogers believes we're heading for a massive collapse of the dollar which will cause interest rates to soar to record levels. He warned investors should stay clear of the dollar and other fiat currencies.
"There is no sound currency anymore, "Rogers stated.
Every year since 2011, the White House has used tax time to post a "Federal Taxpayer Receipt" showing taxpayers how their federal tax dollars are being spent. President Obama introduced the concept in his 2011 State of the Union address, and Wednesday the White House posted the fifth installment so taxpayers can see how "tax dollars are being spent on priorities like education, veterans benefits, and health care."
That's the notion being promoted by many in the investment industry these days. They are referring to a new technology that is supposedly Visa's worst nightmare and a threat to the status quo of the credit-card industry worth billions. And they are positioning one small company as the holder of the secret keys to cash in on what is promised to be a multibillion-dollar shift in the way we pay for everything from a candy bar to an oil change. But is it really true? Will this technology really turn the credit-card industry on its head?
Michael Tomasky wrote a severely misguided column for The Daily Beast this week in which he not only argued in favor of wealth and estate taxes, but even declared such taxes moral. He advanced four arguments to support this position: that heirs don’t deserve great wealth, that society helped make such achievements possible and therefore deserves a share of the wealthy’s riches, that wealth taxes do not reduce incentives to entrepreneurship, and that the estate tax only applies to a tiny number of people. Let me rebut each of these arguments in turn.
State officials in Ohio filed a lawsuit on Monday, Jan. 26 alleging Obamacare tax assessments against government agencies are unconstitutional. Unsurprisingly, the case was covered closely by major media outlets across the nation.
But while the Ohio case may be getting all the headlines, it could be a case brought forward by an unknown Pennsylvania tax collector that ends up taking down key provisions of President Barack Obama’s signature law when the United States Court of Appeals for the District of Columbia Circuit considers the case in the spring.