Putin Calls for New “Eurasian Union”
Here are the latest details on the coming Eurasian Union. Vladimir Putin, the Prime Minister of Russia, is intent on building a “Eurasian Union” of ex-Soviet states, according to an article in the Izvestia newspaper on Tuesday. Here’s the details…
Bernanke Admits the Bogus “Economic Recovery” is Faltering
Who didn’t see this coming? The bogus “economic recovery” that the current administration, the U.S. Treasury, and the Federal Reserve have been touting for the last 18 months is now, according to Fed Chief, Ben Bernanke, “close to faltering.”
S&P Sinks to 2011 Low, Nearing Bear Market
The Standard and Poor’s 500 index fell to its 2011 low from the latest news in Greece’s financial crisis; namely, Greece said it will not hit the deficit reduction targets in part of the agreement of its bailout deal.
Precious Metals Market Update – October 1, 2011
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Where are gold and silver prices heading next? In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.
Retirement Minute: Should You “Undo” Your Recent Roth IRA Conversion?
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If your Roth IRA has sustained losses as a result of the recent market downturn, you may want to consider whether it makes sense to undo your conversion. Here’s what you need to know.
FTM Quarterly: A Financial Newsletter by Jerry Robinson
The FTMQuarterly Newsletter is the premier financial publication written by economist Jerry Robinson and his staff. Subscribe now!
GALLUP POLL: Government “is” the Problem
A record-high 81% of Americans are dissatisfied with the way the country is being governed, adding to negativity that has been building over the past 10 years.
NJ Church Gives Away $30,000 in “Reverse Collection” Baskets
This was one collection basket parishioners couldn’t pass up. Liquid Church of New Jersey allowed parishioners at its Sunday services to forgo donating and instead take money out of the collection basket.
‘Massive jobs shortfall’ predicted for global economy
International Labour Organisation said the group of developing and developed nations had seen 20m jobs disappear since the financial crisis in 2008.
10 Cities Where Rents Are Rising the Most
Here are 10 cities where rents are rising the most, according to data provided by research firm REIS.
Meet the Richest People in America…
Despite the stalled economy, the nation’s wealthiest are worth a combined $1.53 trillion, nearly equivalent to the GDP of our neighbor Canada. Their total wealth is up 12% in the year through August 26, when we took a snapshot of everyone’s net worth, meaning these affluent folks did slightly better than the markets; the S&P 500, for instance, was up 10% in that time.
10 Things Social Security Won’t Tell You
Worried about the future of Social Security? You’re far from alone. The Social Security Administration itself has said that unless something is done to reform the system, it will burn through its funds within the next few decades.
S&P Downgrades Italy
Standard and Poor’s downgraded its unsolicited ratings on Italy by one notch to A/A-1 and kept its outlook on negative, a major surprise that threatens to add to concerns of contagion in the debt-stressed euro zone.
IMF Sharply Downgrades Outlook for U.S, Europe
The world economy has entered a “dangerous new phase,” according to the chief economist of the International Monetary Fund. As a result, the international lending organization has sharply downgraded its economic outlook for the United States and Europe through the end of next year.
Hedge Fund Heavyweight Says Gold Heading to $2,200
Gold, platinum and Brent oil will lead gains in commodities as investors seek to protect their assets and shortages emerge, according to Tony Hall, the hedge-fund manager who earned 33 percent for his clients this year.
Retiree Benefits for the Military Could Face Cuts
As Washington looks to squeeze savings from once-sacrosanct entitlements like Social Security and Medicare, another big social welfare system is growing as rapidly, but with far less scrutiny: the health and pension benefits of military retirees.
Precious Metals Market Update – September 17, 2011
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In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.
FTMWeekly Financial Radio Show – On the Road to a One World Currency
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On this week’s program, we will discuss what is happening in the global economy and how bad things are really going to get. Our special guest today says things are just getting warmed up and that the real economic pain still lies straight ahead. Trace Mayer will be here to discuss the economy, offshore investing, as well as his book, The Great Credit Contraction.
Gloom and Doom: Consumer Sentiment Plunges to 31-Year Low
Consumer sentiment inched up in early September but Americans remained gloomy about the future with their expectations falling to the lowest level since 1980, a survey released on Friday showed.
Gen Y’s $2 Million Retirement Price Tag
Retirement won’t be impossible for Generations X and Y, but they will need to save considerably more than the baby boomers to make up for less employer and government help.
10 Shortcuts to Find a Retirement Haven Abroad
There’s no such thing as the world’s best place to retire. There are many appealing options for a new life in retirement overseas.
A Roth 401(k) may be in your future
When it comes to choosing the best place to stash your retirement savings, the answer, at least in part, depends on your likely tax situation once you stop working.
5 Questions Every Worker Should Ask Before Retirement
Wall Street’s recent turmoil has many investors questioning whether they will have enough to retire the way they’ve always dreamed, or to retire at all, for that matter.
Go East, My Son! Job Seekers Flock to Asia
The weak job market in the U.S. is sending many in search of a meaningful career headed to Asia, experts say.
SAT Scores Fall Nationwide: Another Sign of U.S. Economic Decline
The College Board today announced that 43 percent of 2011 college-bound seniors met the SAT® College and Career Readiness Benchmark.
Income for Life, Guaranteed! (Sort of)
Low interest rates and a weak economy make it hard for retirees to turn their nest eggs into paychecks. Some strategies for coping and cashing in.
Gold alert: An alarming update from Europe
A new trend in Austrian (and perhaps the rest of Europe’s) banking policies suggests that certain interested parties are attempting to control the sale and personal acquisition of gold/silver as safe haven assets. What we experienced first hand should be a wake up call for not just Europeans, but Americans as well.
Read the article…
Income Slides to 1996 Levels
The income of the typical American family—long the envy of much of the world—has dropped for the third year in a row and is now roughly where it was in 1996 when adjusted for inflation.
Foreclosures Soar 200% in August
Bank of America is ramping up its foreclosure processing, sending out far more notices of default to borrowers in August than in previous months, well over 200 percent more month-to-month.
REPORT: U.S. Poverty Rate Soars to Nearly 1 in 6
The ranks of U.S. poor swelled to nearly 1 in 6 people last year, reaching a new high as long-term unemployment woes left millions of Americans struggling and out of work.
Precious Metals Market Update – September 10, 2011
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Where are gold and silver prices heading next? Listen as veteran precious metals advisor Tom Cloud helps us sort out the madness in the financial markets.
FTMWeekly Financial Radio Show – The Secret to Wealth Creation
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On this week’s program, a shocking jobs report release and another rough week on Wall Street continues to cause more uncertainty among investors. In this week’s special guest interview, we welcome back veteran money manager and financial commentator, Paul Nolte. Paul and Jerry will discuss what lies ahead for stocks, energy, precious metals, as well as the U.S. Dollar and the Euro.
Precious Metals Market Update – August 27, 2011
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In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.
Precious Metals Market Update – August 20, 2011
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In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.
No FTMWeekly Radio Show This Week
Due to Jerry’s travel schedule, our regular FTMWeekly Radio broadcast has been pre-empted this week.
Jerry will return next Saturday, August 20th.
Greenspan: No U.S. Default Because ‘We Can Always Print Money’
Former Federal Reserve Chairman Alan Greenspan on Sunday ruled out the chance of a US default following S&P’s decision to downgrade America’s credit rating because the U.S. “can always print money.”
Precious Metals Market Update – August 6, 2011
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In this week’s Precious Metals Market Update segment, precious metals advisor Tom Cloud will be here to help us sort out the madness in the financial markets.
FTMWeekly Radio: How to Build a Financial Fortress
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On this week’s program, panic grips the global financial markets as investors fear that the worst may be far from over. It was a roller coaster ride in the world stock markets this week, as all three of the major U.S. stock indices suffered their worst week in over two years. In Segment One, I’ll provide my commentary and I will also be joined by Precious Metals Advisor, Tom Cloud. Tom will be here for this week’s Precious Metals Market Update.
Then, in Segment Two, in response to many listeners who have been expressing concern over the economy, I will continue my discussion of the financial solutions that we have created here at FTMDaily.com called the Five Levels of Financial Freedom. This week, I will delve into Level Two which is all about asset, income, and life protection. If you want practical financial strategies, do not miss this segment. Here, Jerry Robinson discusses Level Two of our Five Levels of Financial Freedom. Jerry gives 3 defensive financial strategies to protect your finances and explains how to build a financial fortress.
U.S. Braces for Possible S&P Downgrade
Editor’s Note: As stocks see their worst week in almost two years, the rating agency Standard & Poor’s may be getting ready to downgrade the credit rating of the United States government. This is no surprise to us. In fact, two days ago, the U.S. public debt shot up over 100% of GDP, according to a news story from AFP. This puts the U.S. in the same category as nations like Japan, Greece, Italy and Ireland, to name a few. Also, Moody’s announced that the U.S. needed to lower the debt-to-GDP ratio to 73% by 2015 in order to ensure the sustainability of the AAA credit status.
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$2.4 Trillion: The Largest Debt-Limit Increase in U.S. History
Editor’s Note: The debt compromise which passed the House on Monday evening with a vote of 269-161 is the largest debt-limit increase in U.S. history. In essence, the Federal government just got a blank check. This is no surprise given our current economic state. Despite months of pushing the “Recovery is here” propaganda, even the most crafty of politicians cannot hide the real economic truth from the American people. The ship is sinking and everyone is beginning to notice. With this new debt deal, Washington has at least given itself enough breathing room to glide through the 2012 Presidential election year. The can has been kicked down the road yet again. Really tough decisions lie ahead. It will come in the name of “sacrifice.” It will take the form of higher inflation, slashed spending, and finally gargantuan tax hikes. As I have been saying for years, you must prepare. You have no choice. Don’t fall for the mainstream media’s “blame game.” Right now, it does not matter who is to blame. Wake up from the “Conservative-Liberal” deception. When the Titanic is sinking, the first thing you do is grab your life boat. There will be a time for sorting out the details and placing blame later. The unprepared will remained focused on the politics of the matter. The informed will spend their valuable time preparing their financial gameplans. Its time to turn down the noise and get busy creating a plan.
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