Global Economy Bursting?

[Big ole Boy]

Gold is not an investment good, it is a form of money

http://www.zerohedge.com/news/2012-11-18/surviving-monetary-meltdown

But gold is not an investment good, it is a form of money. Gold is the oldest form of money still considered a monetary asset today, and the only truly global form of money (besides silver but silver is today still more of an industrial commodity than a financial one). Gold is – importantly – inelastic money. It cannot be created nor be destroyed by politicians and central bankers. It can, of course, be taxed and confiscated, and I come to that later.

.....pretty tight notes ...

 

[Terrel L. Shields]

It can, of course, be taxed and confiscated, and I come to that later

It's pretty depressing to think about especially if your 401k or IRA is subjected to confiscation or reverts to the IRS upon your death.

 

[Randolph Kinney]

Full Time Work Disappearing in California

http://www.beyondchron.org/news/index.php?itemid=10717

 

[Randolph Kinney]

California Tests the Laffer Curve Hypothesis

http://elsa.berkeley.edu/~saez/kleven-landais-saezNBER10football.pdf

France's François Hollande Will Test The Laffer Curve

http://greeneconomics.blogspot.com/2012/08/frances-francois-hollande-will-test.html

 

[Randolph Kinney]

A Precondition For Hyperinflation Is Upon Us

http://www.businessinsider.com/the-end-of-the-bond-bull-a-pre-condition-to-hyperinflation-2012-11

The Demographically Influenced Investment Gap is one giant mismatch of assets to liabilities. The growing future needs of financing in equities and bonds cannot be matched with future available disposable savings.

Essentially, both stocks and real estate have been written off as principal choices of investment, and what remains and is now the prime focus of investing, are bonds.

As a pre-condition to hyperinflation this choice must be removed as well and it will be.

In the end, the herd will move to whatever play has not hurt them already.

The coming loss of confidence or of a crystallizing moment is not based on high inflation but its substitute, i.e., credit risk. It might be a philosophical difference to other views, but in the end, the result is the same. Bonds have tended to act as expected as risk preference shifted. However, bonds now have neither a credit risk premium and nor an inflation risk premium.

The coming volatility in rates will be huge an unnerving for the regular investor who opted for the stability of his capital.

 

[Riick]

It's pretty depressing to think about especially if your 401k or IRA is subjected to confiscation or reverts to the IRS upon your death.

Time to start reading up on "elder law"
- I did, some 14 years ago, so my inheritance didn't end-up eaten by Uncle Sugar.
You can (could?) set up an irrevocable Trust, & put your assets there.
Only you, or designee, control the actions of the Trust,
which can do pretty-much anything from providing you with lunch money
to investing in stock, property, or bosomy blondes.

Uncle Sugar can't touch the assets in the Trust if, for example,
you go into (ugh! no!) a nursing home, and there's only enough cash in bank to cover the 1st 6 months.

Forewarned = Forearmed.

.

 

[Restrain]

Re, 401Ks, the Govt is advancing rules to take over all retirement and 401K funds, and create a government retirement fund. Just another SS fund to take your money taking away your retirement options.

 

[Terrel L. Shields]

You don't have much control with an IRREVOCABLE trust... far different animal from a REVOCABLE trust

 

[Riick]

You don't have much control with an IRREVOCABLE trust... far different animal from a REVOCABLE trust

The rationale

A "revocable" trust is one that may be changed or rescinded by the person who created it. Medicaid considers the principal of such trusts (that is, the funds that make up the trust) to be assets that are countable in determining Medicaid eligibility. Thus, revocable trusts are of no use in Medicaid planning.

[url]https://www.elderlawanswers.com/elder_info/medicaid-planning.asp#4[/URL]

.

 

[DTB]

The revocable trusts along with Family LLC is THE setup and is one to protect appraisers from judgments as well.