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Lance Roberts: Mishmash PDF Print E-mail
Written by Lance Roberts - The X-Factor Report   
Sunday, 27 July 2014 17:13

This week’s newsletter is going to be a bit eclectic as there are several issues that I want to touch on that I think are significant relative to the markets, investing and your money. Some of these topics I touched on in last week’s daily posts(join me on Facebook or Twitter for notifications of when I post)but important enough to warrant repeating in case you missed them.

kBX

 

 

.... read the entire report HERE

Money Talks Ed Note: One great thing about Lance's detailed reports are the original charts that he includes like this example:

Fed-Rate-Crisis-072614

 

 
Economic Patriotism or Free Market Pragmatism PDF Print E-mail
Written by Robert Levy - Border Gold   
Sunday, 27 July 2014 16:32

The Obama administration is becoming quite critical of US corporations acquiring foreign firms in order to relocate their tax domicile to a country with a more favorable regime. Last week, US Treasury Secretary Jack Lew suggested American companies that have done so or are thinking about doing this lack a sense of economic patriotism. In his opinion, American corporations should not take advantage of the benefits of doing business in the United States and utilize loopholes in the US system in order to write down their tax liabilities. The President joined the chorus this week suggesting “some people are calling these companies corporate deserters.”

They’re both wrong.

US corporations are abiding by the current tax legislation that is in place. It’s simplistic and absurd to suggest they have a patriotic responsibility towards the United States. In fact, management of these corporations do have a responsibility, and that is after considering their stakeholders like their employees, suppliers, and customers, they are responsible to their shareholders. Thus, one would imagine US lawmakers would need to ensure that the United States is a competitive nation in terms of offering a favorable corporate tax rate that provides US business with the right incentives, but not put the onus on them to do ‘what’s right for America.’

For this, there is no question broad based corporate tax reform is desperately needed. It is evident from the fact that an additional 25 major US companies are considering relocating overseas by the end of this year in order to take advantage of a smaller tax bill. Senate Democrats have proposed raising the foreign ownership threshold required of a US company to re-domicile their tax base from 20 per cent to 50 per cent. Despite being backed by the current administration, this is not the solution. It is simply a Band-Aid fix, and one might even suggest that if such a significant tax advantage still exists, US corporations would flee more capital from the United States to acquire larger shares of foreign companies.

As The Economist points out, there are two major flaws with America’s tax code. First, on paper America’s corporate tax rate is 35%, which is the highest amongst the 34 member countries in the OECD, but their effective tax rate is less than the OECD average thanks to a laundry list of aimless loopholes. This alone illustrates the complexities and resulting inefficiencies in their tax code. The second is that the US taxes income regardless in which country it is earned, but doesn’t collect until funds are brought back to the US. This creates yet another disincentive to repatriate foreign profits and the consequence is less investment in the US.

If the US government wants better corporate participation at home, then it behooves them to rewrite the tax code. Ultimately, this is what will incentivize these same US companies that hold profits overseas to bring those profits home and lead to the positive contributions to the American domestic economy.

 

bordergoldAbout Border Gold Corp

Border Gold Corp. (BGC) is one of Canada's leading silver and gold dealers. Over the years BGC has become one of the largest Royal Canadian Mint direct distributor in Canada. Under the leadership and ownership of Michael Levy, BGC continues to provide clients with the best customer experience in the industry.

BGC is able to offer its clients a variety of investment bullion products. Our relationship with the Mint and other large-scale distributors allows us to consistently offer clients among the best pricing in the industry. If you're looking to buy gold and silver, or sell it, we can help. Learn more about our services here.

BGC's goal is to build long-term loyalty with our clients through outstanding service, above and beyond that which is offered at other financial institutions and gold dealers, a mantra of our company for over 44 years. Transactions and shipping are always conducted in a private and secure fashion.

Located in White Rock, British Columbia, Canada, Border Gold is just 6 miles from the Canada - U.S. Border. We have immediate shipping and receiving facilities on both sides of the border to facilitate both Canadian and American clients. All administrative offices and records are in Canada, and the privacy and security of our clients is a constant priority of our business.

 

All investments contain risks and may lose value. This material is the opinion of its author(s) and is not the opinion of Border Gold Corp. This material is shared for informational purposes only. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed.  No part of this article may be reproduced in any form, or referred to in any other publication, without express written permission.  Border Gold Corp. (BGC) is a privately owned company located near Vancouver, BC. ©2012, BGC.
 
We have a Bubble in everything — From Stocks to Bonds, Real Estate, High-End Real Estate & Even Art PDF Print E-mail
Written by Marc Faber - GloomBoomDoom.com   
Sunday, 27 July 2014 16:24

AR-140729894Marc Faber said at a CFA Institute financial analysts seminar in Chicago Thursday “I believe stocks are fully priced here,” he added, and “I’m of the view of Jeremy Grantham — that when you have low valuations, future returns are relatively high; when you have high valuations, future returns are relatively low.”

“Growth doesn’t come from eating and consuming — it comes from capital investment.”, “geopolitical tensions in southern Asia between China, U.S., Vietnam, Philippines, etc. will have an effect on asset prices,” he said.
source :

To read more go HERE

....related:

Marc Faber : I like Agriculture ,Chinese & Hong Kong Stocks & Precious Metals

Top Risks in China, according to Marc Faber

Marc Faber admits to have been wrong since 2012

 

 
Food For Thought: An Afternoon With Dr. Paul Ehrlich PDF Print E-mail
Written by John Thomas via Swing Trading   
Sunday, 27 July 2014 15:38

*Note: I've included this because it highlights the thinking of a significant portion of the public urged on by the mainstream media into believing in the whole Global Warming scenario. Despite overwhelming evidence that it is solely based on computer models that at best are shakey, at worst outright unscientific, or used data that was manipulated.

Take for example the whole 97% of scientists claim.

Dr. Paul Ehrlich was the author of the 1970's The Population Bomb began with this statement: The battle to feed all of humanity is over. In the 1970s hundreds of millions of people will starve to death in spite of any crash programs embarked upon now. At this late date nothing can prevent a substantial increase in the world death rate  - Forty Six years later, as with the Global Warming/Climate Change scenario, Ehrlich's scenario that warned of the mass starvation of humans in 1970s and 1980s did not happen nor has the world warmed -  Editor Money Talks 

An Afternoon With Dr. Paul Ehrlich

Pack your portfolios with agricultural plays like Potash (POT), Mosaic (MOS), and Agrium (AGU) if Dr. Paul Ehrlich is just partially right about the impending collapse in the world’s food supply. You might even throw in long positions in wheat, corn, soybeans, and rice. 

The never dull and often controversial Stanford biology professor told me he expects that global warming is leading to significant changes in world weather patterns that will cause droughts in some of the largest food producing areas, causing massive famines.

Food prices will skyrocket, and billions could die. At greatest risk are the big rice producing areas in South Asia, which depend on glacial run off from the Himalayas. If the glaciers melt, this will be gone.

California faces a similar problem if the Sierra snowpack disappears. Rising sea levels displacing 500 million people in low-lying coastal areas is another big problem.

One of the 78-year-old professor’s early books “The Population Bomb” was required reading for me in college in 1970, and I used to drive up from Los Angeles to hear his lectures (followed by the obligatory side trip to the Haight-Ashbury).

Other big risks to the economy are the threat of a third world nuclear war caused by population pressures, and global plagues facilitated by a widespread growth of intercontinental transportation and globalization. And I won’t get into the threat of a giant solar flare frying our electrical grid. “Super consumption” in the US needs to be reined in where the population is growing the fastest.

If the world adopts an American standard of living, we need four more Earths to supply the needed natural resources. We need to raise the price of all forms of carbon, preferably through taxes, but cap and trade will work too.

Population control is the answer to all of these problems, which is best achieved by giving women an education, jobs, and rights, and has already worked well in Europe and Japan.

All sobering food for thought.

DBA-7-22-14-e1406058546238

CORN-7-22-14-e1406057777466

POT-7-22-14-e1406057842309

About John Thomas

John Thomas is one of the leading and most seasoned analysts in international finance, he conducts exhaustive on the ground research supported by personal contacts accumulated during 40 years in the industry. He offers a mentoring program which includes trading instructions and macro analysis. 

 
The Awakening PDF Print E-mail
Written by Peter Grandich   
Sunday, 27 July 2014 05:32

The Awakening by Sonny Carroll
There comes a time in your life when you finally get it … When in the midst of all your fears and insanity you stop dead in your tracks and somewhere the voice inside your head cries out “ENOUGH! Enough fighting and crying or struggling to hold on.” And, like a child quieting down after a blind tantrum, your sobs begin to subside, you shudder once or twice, you blink back your tears and through a mantle of wet lashes you begin to look at the world from a new perspective.
……….This is your Awakening.
You realize that it is time to stop hoping and waiting for something or someone to change, or for happiness safety and security to come galloping over the next horizon. You come to terms with the fact that there aren’t always fairytale endings (or beginnings for that matter) and that any guarantee of “happily ever after” must begin with you. Then a sense of serenity is born of acceptance.
So you begin making your way through the “reality of today” rather than holding out for the “promise of tomorrow.” You realize that much of who you are and the way you navigate through life is, in great part, a result of all the social conditioning you’ve received over the course of a lifetime. And you begin to sift through all the nonsense you were taught about :
- how you should look and how much you should weigh,
- what you should wear and where you should shop,
- where you should live or what type of car you should drive,
- who you should sleep with and how you should behave,
- who you should marry and why you should stay,
- the importance of bearing children or what you owe your family,
Slowly you begin to open up to new worlds and different points of view. And you begin re-assessing and re-defining who you are and what you really believe in. And you begin to discard the doctrines you have outgrown, or should never have practiced to begin with.
You accept the fact that you are not perfect ,and that not everyone will love appreciate or approve of who or what you are… and that’s OK… they are entitled to their own views and opinions. And, you come to terms with the fact that you will never be a size 5 or a “perfect 10″…. Or a perfect human being for that matter… and you stop trying to compete with the image inside your head or agonizing over how you compare. And, you take a long look at yourself in the mirror and you make a promise to give yourself the same unconditional love and support you give so freely to others. Then a sense of confidence is born of self-approval.
And, you stop maneuvering through life merely as a “consumer” hungry for your next fix, a new dress, another pair of shoes or looks of approval and admiration from family, friends or even strangers who pass by. Then you discover that it is truly in “giving” that we receive, and that the joy and abundance you seek grows out of the giving. And you recognize the importance of “creating” and “contributing” rather than “obtaining” and “accumulating.”
And you give thanks for the simple things you’ve been blessed with, things that millions of people upon the earth can only dream about – a full refrigerator, clean running water, a soft warm bed, the freedom of choice and the opportunity to pursue your own dreams.
And you begin to love and to care for yourself. You stop engaging in self-destructive behaviors, including participating in dysfunctional relationships. You begin eating a balanced diet, drinking more water and exercising. And because you’ve learned that fatigue drains the spirit and creates doubt and fear, you give yourself permission to rest. And just as food is fuel for the body, laughter is fuel for the spirit and so you make it a point to create time for play.
Then you learn about love and relationships – how to love, how much to give in love, when to stop giving, and when to walk away. And you allow only the hands of a lover who truly loves and respects you to glorify you with his touch. You learn that people don’t always say what they mean or mean what they say, intentionally or unintentionally, and that not everyone will always come through… and interestingly enough, it’s not always about you. So, you stop lashing out and pointing fingers or looking to place blame for the things that were done to you or weren’t done for you. And you learn to keep your Ego in check and to acknowledge and redirect the destructive emotions it spawns – anger, jealousy and resentment.
You learn how to say “I was wrong” and to forgive people for their own human frailties. You learn to build bridges instead of walls and about the healing power of love as it is expressed through a kind word, a warm smile or a friendly gesture. And, at the same time, you eliminate any relationships that are hurtful or fail to uplift and edify you. You stop working so hard at smoothing things over and setting your needs aside. You learn that feelings of entitlement are perfectly OK and that it is your right to want or expect certain things. And you learn the importance of communicating your needs with confidence and grace. You learn that the only cross to bear is the one you choose to carry and that eventually martyrs are burned at the stake. Then you learn to distinguish between guilt, and responsibility and the importance of setting boundaries and learning to Say NO. You learn that you don’t know all the answers, it’s not your job to save the world and that sometimes you just need to Let Go.
Moreover, you learn to look at people as they really are and not as you would want them to be, and you are careful not to project your neediness or insecurities onto a relationship. You learn that you will not be more beautiful, more intelligent, more lovable or important because of the man on your arm or the child that bears your name. You learn that just as people grow and change, so it is with love and relationships, and that that not everyone can always love you the way you would want them to. So you stop appraising your worth by the measure of love you are given. And suddenly you realize that it’s wrong to demand that someone live their life or sacrifice their dreams just to serve your needs, ease your insecurities, or meet “your” standards and expectations. You learn that the only love worth giving and receiving is the love that is given freely without conditions or limitations. And you learn what it means to love. So you stop trying to control people, situations and outcomes. You learn that “alone” does not mean “lonely” and you begin to discover the joy of spending time “with yourself” and “on yourself.” Then you discover the greatest and most fulfilling love you will ever know – Self Love. And so it comes to pass that, through understanding, your heart heals; and now all new things are possible.
Moving along, you begin to avoid Toxic people and conversations. And you stop wasting time and energy rehashing your situation with family and friends. You learn that talk doesn’t change things and that unrequited wishes can only serve to keep you trapped in the past. So you stop lamenting over what could or should have been and you make a decision to leave the past behind. Then you begin to invest your time and energy to affect positive change. You take a personal inventory of all your strengths and weaknesses and the areas you need to improve in order to move ahead, you set your goals and map out a plan of action to see things through.
You learn that life isn’t always fair and you don’t always get what you think you deserve, and you stop personalizing every loss or disappointment. You learn to accept that sometimes bad things happen to good people and that these things are not an act of God… but merely a random act of fate.
And you stop looking for guarantees, because you’ve learned that the only thing you can really count on is the unexpected and that whatever happens, you’ll learn to deal with it. And you learn that the only thing you must truly fear is the great robber baron of all time – FEAR itself. So you learn to step right into and through your fears, because to give into fear is to give away the right to live life on your terms. You learn that much of life truly is a self-fulfilling prophesy and you learn to go after what you want and not to squander your life living under a cloud of indecision or feelings of impending doom.
Then, YOU LEARN ABOUT MONEY… the personal power and independence it brings and the options it creates. And you recognize the necessity to create your own personal wealth. Slowly, you begin to take responsibility for yourself by yourself and you make yourself a promise to never betray yourself and to never ever settle for less than your heart’s desire. And a sense of power is born of self-reliance. And you live with honor and integrity because you know that these principles are not the outdated ideals of a by-gone era but the mortar that holds together the foundation upon which you must build your life. And you make it a point to keep smiling, to keep trusting and to stay open to every wonderful opportunity and exciting possibility. Then you hang a wind chime outside your window to remind yourself what beauty there is in Simplicity.
Finally, with courage in your heart and with God by your side you take a stand, you TAKE a deep breath and you begin to design the life you want to live as best as you can.
A word about the Power of Prayer: In some of my darkest, most painful and frightening hours, I have prayed, not for the answers to my prayers or for material things, but for my “God” to help me find the strength, confidence and courage to persevere; to face each day and to do what I must do.
Remember this:- You are an expression of the almighty. The spirit of God resides within you and moves through you. Open your heart, speak to that spirit and it will heal and empower you.
My “God” has never failed me.

 
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Mark Leibovit
23 July 2014 ~ Michael Campbell's Commentary Service

We intruded on Mark Leibovit's summer break and asked him for...   Read more...

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