Wal-Mart CEO: ‘Serious’ Inflation is On the Way
Wal-Mart CEO, Bill Simon, is sounding the alarm of what he is calling a coming wave of “serious” inflation that he says will strike U.S. consumers in the coming months. f
Fundamental Changes Coming to Unemployment Next Year
With federal extended unemployment benefits coming to an end this year, some states are getting creative about moving people off the public dole.
The President’s Energy Blueprint Includes Few New Initiatives
The president yesterday gave a speech where he offered his new blueprint for the future of energy in America. However, it included no new ideas.
The Year of Black Gold
2011 is turning out to be a boom year for OPEC. If oil can stay consistently above $100 until December, the cartel is projected to reap $1 trillion in oil revenues by year’s end.
FTMDaily News Update – What’s Behind Russia’s Dramatic Economic Rise?
In 2010, the Russian MICEX Index has returned over 22%. And now in 2011, the index is already up 15%.
(In contrast, China is up only 5% so far this year. Brazil is down around 2% for the year while India has lost 10% so this year.)
So what’s behind Russia’s recent and dramatic rise?
Goodbye “Cheap” Chinese Goods
When my daughter was younger, I used to offer her 25 cents for every item that she could find in our local Wal-Mart store that was not “made in China,” or some other Asian nation. Needless to say, she rarely walked out of the store with any money.
Riots Engulf Central London as Budget Cuts Come Into Effect
A labor union led protest march in Central London turned violent Saturday as a small group of protesters rioted following the peaceful rally.
How to Borrow Money From Your Cash-Value Life Insurance Policy
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One of the main benefits of borrowing from your cash value life insurance policy is that the loan proceeds are generally not subject to income tax. But there are some caveats…
Mr. Boehner vs. The Tea Party
Speaker of the House John Boehner has had to contend with a large and contentious Tea Party caucus since taking power. Now, he may soon be out of power.
How to Invest in Silver
Wondering how to invest in silver? Should you buy silver rounds, silver bullion, or silver coins? Top precious metals advisor, Tom Cloud, explains everything you need to know about how to invest in silver.
Will the Euro Survive or Will the Euro Collapse?
Will the Euro survive? Or will the Euro collapse? There are a lot of questions swirling around the debt-ridden Eurozone. Before I tell you my thoughts, let’s take a brief look at how all of this mess got started.
Former Union Official Threatens “Economic Terrorism”
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 24 – In a move that some right wing bloggers are referring to as “economic terrorism,” a former president of the SEIU (Service Employees International Union), Stephen Lerner, gave a talk at Pace University recently where he proposed a plan to destabilize certain Wall Street […]
Gold, Silver, Oil Prices Soar
But the big news today were metals and oil as global uncertainty continued to reign in the financial markets. Gold prices rose to a record high of $1,438/oz. Over the last eight trading days, gold prices have risen by over 4%.
7 Economic Consequences of a Dollar Collapse
What would happen if the U.S. Dollar were suddenly dropped as the world’s reserve currency? Here are 7 economic consequences of a dollar collapse.
Secret Iran Gold Holdings Leaked
According to a Wikileaks cable reported on by the Financial Times, Iran has been cutting its exposure to the U.S. dollar and has been secretly making large gold purchases.
Another Deadline Looms For a Government Shutdown
After the latest budget measure passed by Congress with both parties vowing that they will go no farther, we ask yet again, will there be a government shutdown?
U.S. Dollar Breaks New Lows
On Monday, the Dow Jones Industrial Average climbed back above the 12,000 level in intra-day trading, for the first time in a week, on news that AT&T would buy T-Mobile for $39 billion. The merger would make AT&T the nation’s largest wireless carrier.
The West vs. Gadaffi
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 21 – As the fighting in Libya continues to take a toll on the civilian population there, the United States and her allies are entering the third day of their offensive to enforce a no fly zone over parts of the North African nation. President […]
Is it Time to Buy Uranium Miners?
On Wednesday, Japan’s central bankers continued flooding the country with a fresh infusion of cash in an attempt to stop the financial bleeding after that nation’s worst earthquake on record.
Could the Nuclear Renaissance Be Facing Its Own Meltdown?
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 16 – The accident began with reactor number 2 and quickly became a critical situation, with the plant facing at least a partial nuclear meltdown. The local population was given conflicting reports about what was happening at first and it took a while until the […]
FTMDaily News Update – Beware the Ides of March
The global financial markets continue their tailspin today in the wake of the devastating quake and tsunami which struck the world’s third largest economy last week.
Is Now the Time to Invest in Japan?
How will the earthquake affect the Japanese economy? Should you be considering an investment in the wake of the disaster? Here’s what you need to know.
Absolute Devastation in Japan
The unbelievable devastation in Japan dominated the 24-news cycle. And a shocking new video emerges from the moment the tsunami struck the nation…
Understanding Cash-Value Life Insurance: Know Your Terms (Part 2)
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Over the last few episodes of financial strategies I have been talking about why cash value life insurance should be considered when developing a persons overall retirement planning strategy. So today, I want to continue by talking about different ways of taking the money out of your cash value life insurance policy and the rules to e
FREE WEBINAR: “Wall Street’s Dirty Little Secret” (Watch Now)
Listen as Jerry Robinson and Barry James Dyke, the author of the Pirates of Manhattan, discuss Wall Street’s dirty little secret.
China Unleashes a Raging Bull on the Gold Market
by Eric Hammer | FTMDaily Contributing Writer TEL AVIV, Mar 11 – In yet another sign of the growing importance of the Chinese economy on the world stage, Chinese consumers have been snapping up gold in record numbers recently with consume demand reaching more than 200 tons this past year and combined government and consumer […]
Fear Strikes the Financial Markets
by Jerry Robinson Bad News Weighs on the Financial Markets… Bad economic reports from China, Spain, and the U.S., sent stocks tumbling on Thursday to their biggest one day point drop since in five months. First, U.S. investors did not quite know how to respond to a surprise Chinese trade deficit from the month of […]
Saudi “Day of Rage” May Fizzle on the Launching Pad
A so called “Day of Rage” has been scheduled for tomorrow in the Kingdom of Saudi Arabia. The planned protest has been called for on a Facebook group which sports some 17,000 members and has sent the market for crude oil into emergency standby mode.
Get Ready for a REAL National ID Card
The REAL ID has been postponed once again. On Friday, Congress passed a law extending the deadline for states to comply with the new law, this time extending the deadline out to January, 2013. However, a number of states are still actively refusing to participate and have passed laws forbidding the use of the REAL ID program. Thus, for all intents and purposes, all Congress has really done is to pass the buck from the 112th Congress to the 113th Congress.
The Chinese Giant Awakens Militarily
In a move which is making a number of countries in the region nervous, the People’s Republic of China announced recently that it was increasing military spending by 12.7% this year.
Is the Next Big Market Crash Just Around the Corner?
by Jerry Robinson Is the Next Big Market Crash Just Around the Corner?… Two years ago this week, America was tightly held in the grip of the worst financial crisis in recent memory. On March 9, 2009 the S&P 500 stood at 676.53, while the Dow Jones Industrial Average had dropped to 6547.05. The CBOE […]
13 States Say Dump the Dollar, Bring On the Gold!
Since 1971, American money has been valuable only because people perceive it to be valuable since the American government officially backs it. Prior to that, American money had a kind of intrinsic value as well – it was backed by gold held in Fort Knox and at the Federal Reserve. Some states however have decided that it’s high time that things changed back to the way they were. They’re looking to take their citizenry back to the gold standard.
The Basics of Cash Value Life Insurance
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What exactly is cash value life insurance? What are the benefits of using cash value life insurance as a savings vehicle?
3 Ways to Cash in on Rising Palladium Prices
The precious metals markets have been rising steadily on fears of growing inflation, global economic uncertainty, and unrest in the Middle East. However, it’s not just the better known precious metals, like gold and silver, that have been going up in value.
The Slow Death of the Dollar
The Slow Death of the Dollar… In section C of yesterday’s Wall Street Journal, the paper spent several pages on the topic of global currencies.
The Gas Shocks of the Future Are Here Today in Israel
You walk up to the gas pump and check the price. $7.94 per gallon the meter reads. You shrug and begin to fill up your tank, watching in numbed silence as the numbers race by. By the time you’re done, the total cost to fill up your tank of gas is $238.20. A fantasy?
February Sees Gold Up 6%, Silver Up 19% on Inflation and Escalating Geopolitical Risk
The paper-driven sell off in the gold market seen in January has been trumped by continuing robust physical demand in January and February. This has resulted in gold rising nearly 6% in February and silver’s strong industrial and investment demand leading to a 19% rise to new nominal 30-year highs.
Why the Dollar’s Reign Is Near an End – WSJ
For decades the dollar has served as the world’s main reserve currency, but, argues Barry Eichengreen, it will soon have to share that role. Here’s why—and what it will mean for international markets and companies.
The Mad Dog of Libya Keeps Laughing
There was something truly sad in watching the interview that Libyan dictator Muammar Gaddafi recently gave to Christiane Amanpour. He met with her and two other journalists in the lobby of a local hotel in Tripoli, apparently unafraid of possible assassination attempts.
FTMDaily News Update – The Big Government Bloat
In the news this morning: A new GAO report shows massive overlap in government spending, more Mideast news, and more…