Only the USA and ERITREA Tax citizens based upon birth. Virtually every other country (exceptions below) tax ONLY if you are a resident. If you are not there, you do not pay. Now France is talking about adopting the US system of economic slavery based upon birth. the following countries have no income taxes:  Bahamas  Bahrain […]

The French actor Gerard Depardieu has left France and was publicly ridiculed for not wanting to turn over 75% of his wealth. Gerard has fired back and is clearly pissed-off how he was treated in France and sent an open letter to the Prime Minister. He writes that he paid EUR 145 million taxes in 45 […]

The purpose of this world tour has been to kick the tires and see what is really taking place. I began in San Diego, then went to Hong Kong, Beijing, Singapore, Thailand, then Europe and about now to return to the States. The stories about fake progress in China are clearly biased Western reports that […]

While Europe is in an economic Sovereign Debt Crisis hunting down the rich like they are the prize in a fox hunt, the EU government spending, waste, and salary increases do not stop. The interesting aspect is they pass a law about salary increases and then point to the law and demand retroactive salary increases […]

Most of the big funds that had long-term gains this year have sold or are still selling to lock-in these lower tax rates before year-end. This is a phenomenon that has been caused by the Sovereign Debt Crisis and Obama being just brain dead when it comes to economics. Even stocks like Apple (AAPL) have […]

The one resounding thing that emerged from this world tour and holding conferences in US, Asia, and Europe, was that there is a universal rising tide that realizes something is seriously wrong. In having our computer forecast every market around the world, the benefit was that the analysis is the same, without emotion, and void […]

The United States is the ONLY country that taxes American citizens even if they have never lived in the United States at any time. Once born American, you owe taxes as an economic slave even when you receive nothing and have never lived in the USA. This law passed last December that authorizes the confiscation […]

Perhaps the biggest lie or sales-pitch has been that gold is the hedge against inflation. The correlation between gold and inflation year over year is less than 0.5 and that goes back even when the CPI was real. On a month over month basis, the correlation is less than 0.15. Gold has never been some […]

In 1993 when the CFTC first picked up excessive trading in silver at PhiBro, the CFTC ran in and demanded to know who the client was. PhiBro refused to tell them it was Warren Buffet and the CFTC said exit the trade. That is why they began to move to London. It is becoming increasingly […]

Gold has been unable to get through the Bullish Reversals in the 1800 area. Even our Quarterly Bullish stands at 1955. The Daily Bearish is 16880 and a close below that will signal a test of support first at the underlying Minor Weekly Bearish found at 16480, 16160, and 15795.Once again, it is timing that […]