Capitalist Ms. Piggy

HR BILL 2847    A DEVASTATING NEW CURRENCY LAW?  IS THE END NEAR FOR THE US DOLLAR -- THE WORLD'S RESERVE CURRENCY?  According to this bill that will be in effect on JULY 1st, 2014, most Americans won't be able to protect their bank savings, businesses and you name it.  This unending presentation by financial guru Porter Stansberry just goes on and on and on.  I said to myself, self,  stop talking of things that I know already (debts, interests, etc.) and tell me what I'll be able to do.  Well, I got tired of listening and when I was almost quitting he said:

1.  Get some of your money beyond the reach of the US government.  How?  Go to his website for more information and subscribe.

2. Move your money overseas.  Learn the 100% secret on investment strategy.

3. IMF - 10% tax on everything you own.

4.  Make sure that you own one asset.

Anyway, the British Sterling was the global currency for 200 years and the American $ for more than 50 years.  So that leaves the US dollar 150 years more as the global currency.  Am I right?  

Bye for now.

LINK > http://endofamerica.com/?gclid=CN_y-Ie3_L4CFdNzMgodonIALg

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My financial advisor, Mr. Bloomingold (not his real name), just sent me this info (without the graph for the sake of brevity):
HOW MUCH ARE YOUR CDs COSTING YOU?
"When the stock market crashes and people see their nest eggs breaking, the natural impulse is to run to safety.  People often seek this safety in CDs, hoping such accounts will protect their money while providing reasonable earnings.  This decision can be costly."
"In an ideal world, $100,000 placed in CDs in 2001 would be worth over $138,000 in 2009, providing an annual return of 3.99%."
"However, in the real world, inflation steadily eats away at the value of money.  In order to provide real earnings, CD interest rates must be high enough to overcome inflation.  When they are not, though the balance of the CD increases, the value of the CD decreases and the CD posts negative earnings.  In a world with inflation, $100,000 placed into CDs in 2001 would be worth $114,000 in 2009, providing an effective annual return of only 1.43%."

"Further, in the real world, CD earnings are subject to taxation.  The tax is based on the amount of interest earned regardless of the effects of inflation.  So, while a CD may have an effective annual return (with inflation) of only 1.43%, it is taxed as if that rate were a full 3.99%.  Moreover, the interest is taxed in the year it is earned, regardless of whether you use it or just re-invest that interest.  In the real world, the $100,000 placed in CDs in 2001 would be worth only $103,000 in 2009 - together, taxes and inflation would erode the effective annual rate of return from 3.99% to 0.35%."
"In almost half of the last nine years, money sitting in CDs has actually lost value."

Capitalist Ms. Piggy's Thoughts:
After reading the above letter, I started rummaging my measly "portfolio."  I don't pay much attention as it's just a waste of my time to follow the highly volatile stock market.  I know there are other financial tools but I still prefer the convenience of CDs.  How so?  In a year one can have short term interest of, let say, 2% and withdraw the CD when it matures.  Whereas, in annuity, you're stuck for, let say, 10 years.  Only God knows I'll die tomorrow. 
You know what, my fellow sensible capitalists. upon reviewing, it's just even stevens  in the end for it depends on where you are standing and your situation in life.  Up in one day, down the next day.
There's only one or 2 winners - Investment Bankers and IRS.



For ALT Money

Published  7/31/09  altgroup  multiply
Web Page:  Capitalist Ms. Piggy Financial Advisor 2009