Category Archives: Economy

A hi-tech new way to find the cheapest prices for gold bullion, GoldShark

From Dollar Collapse:

Back in November Wired Magazine published an article (Bargain Junkies Are Beating Retailers at Their Own Game) about how technology is giving shoppers access to every store’s prices and circulating huge coupons (think GroupOn).

Apparently, if you’re looking for a Blu-Ray player, chainsaw or new mattress, you pull up one of these sites and ask who is charging what, and they’ll tell you, which saves a lot of money and legwork.

But what about gold or silver? Sorting through bullion dealers’ mark-ups, shipping charges, insurance, and trustworthiness is a nightmare, especially for beginners. From a buyer’s perspective, this market is ripe for a technological fix.

And last week it got one, with the launch of GoldShark. The brainchild of the folks who run Ohio-based Trusted Bullion (a advertiser), its beta version allows a user to input a hypothetical order — say, 10 one-ounce Gold Eagles — and see the prices of the various dealers, including shipping, tax, and insurance. It also displays the Better Business Bureau rating of each dealer, something that matters once you find out that at least one brand-name dealer carries an “F” rating.

10-investment-mistakes-to-avoid: Personal Finance News

Jerry Miccolis, co-author of “Asset Allocation for Dummies” and chief investment officer at the wealth advisory company Brinton Eaton in New Jersey, shared his list of 10 mistakes investors should avoid.

Let us know in the comments section below what you would add to the list.

1.) Overlooking the importance of asset allocation: According to Mr. Miccolis, getting asset allocation right is the building block of investing successfully. Many investors, however, skip this step and instead build their portfolio by haphazardly buying securities they like.

2.) Confusing diversification with asset allocation: Asset allocation goes beyond simple diversification. According to Mr. Miccolis, asset allocation involves picking asset classes (think stocks and bonds) and subclasses/sectors that do not move in synch and then putting the right proportions of each in your portfolio. A portfolio with all stock investments, for instance, probably is not properly allocated.

3.) Neglecting to rebalance regularly: After you set up your initial asset allocation, you need to make sure to keep those allocations on target over time because some asset classes will grow faster than others. Read the rest of this entry

Mistakes Of Startup Entrepreneurs: Personal Finance News

When it comes to starting a successful business, there’s no surefire playbook that contains the winning game plan.

On the other hand, there are about as many mistakes to be made as there are entrepreneurs to make them.

Recently, after a work-out at the gym with my trainer — an attractive young woman who’s also a dancer/actor — she told me about a web series that she’s producing and starring in together with a few friends. While the series has gained a large following online, she and her friends have not yet incorporated their venture, drafted an operating agreement, trademarked the show’s name or done any of the other things that businesses typically do to protect their intellectual property and divvy up the owners’ share of the company. While none of this may be a problem now, I told her, just wait until the show hits it big and everybody hires a lawyer. Read the rest of this entry

The 10 Largest Banks in the World in 2010


FOLLOW THE MONEY!!!!!!!!!!!!  I BET you can then find out those behind the scheme attempting to bring about The Amero by shutting down the U.S.A. and Strengthening Europe and The U.N. along with U.K. etc

As shown below, European banks have appeared to fare better than their American counterparts. Below are the world’s ten largest banks, determined by the amount of assets and a description of each.

#1 BNP Paribas (BNP) – This French bank comes in at No. 1 with $3.21 trillionin assets.  BNP is one of the largest global banking networks in the world with operations in 84 countries.  BNP has four domestic retail banking markets located in France, Italy, Belgium and Luxembourg.  In April 2009, as a result of BNP’s 75% purchase of Fortis Bank, the Belgian bank is now the largest Eurozone deposit holder.

Royal Bank of Scotland (RBS) Group – RBS Group ranks as the number two bank in terms of assets held. Currently, the British government is the largest owner of the bank.  As a result of severe losses and the conditions of a government backed bailout, RBS Group has halted dividend payments. RBS Group is the largest banking group in Scotland and operates a wide variety of banking brands including personal and business banking, private banking, insurance and corporate finance throughout its operations located in Europe, North America and Asia.  As of May 2010, RBS Group had $2.99 trillion in assets.

Barclays PLC (Barclay’s) – Barclays, with $2.54 trillion in assets, is a British financial services firm operating worldwide. It is a holding company listed on the London and New York Stock exchanges, is a component of the FTSE 100 Index and until 2008 was also listed on the Tokyo Stock Exchange. Barclays operates through branches, offices and subsidiaries in the United Kingdom and overseas and provides retail banking, credit card, corporate and investment banking and wealth management services. Its two major business groups are: Global Retailing and Commercial Banking, and Investment Banking and Investment Management.

Deutsche Bank – Deutsche Bank, the largest German bank with $2.43 trillion in assets, has a strong presence throughout Germany and Europe and continues to grow in North America and Asia. As of March 31, 2010, Deutsche Bank had approximately 2,000 branches in 72 countries.

HSBC Bank – HSBC Bank has more than 460 bank branches throughout the United States, with the majority (380) in New York State. Coming in at number 5 on our list of the biggest banks with $2.42 trillion in assets, HSBC offers its 4 million customers access to global markets through its personal financial services, private banking, retail banking, commercial banking and global banking and market segments.

Credit Agricole – The second and final French bank on the top 10 list with$2.3 trillion in assets, Credit Agricole is a retail banking leader in France and throughout Europe. It is part of the CAC 40, a benchmark French stock market index. It has 11,500 branches throughout the world, more than 160,000 employees and 59 million customers in 70 countries.

Bank of America (BAC) – BAC is the largest bank holding company in the United States, by assets, with $2.25 trillion. The company serves clients all over the world and has a relationship with 99% of the U.S. Fortune 500 companies. In 2008, BAC acquired Merrill Lynch making it the world’s largest wealth manager.  It is listed on the New York Stock Exchange (NYSE) and is part of the S&P 500 Index and the Dow Jones Industrial Average.

Mitsubishi UFJ Financial Group (Mitsubishi) – With $2.07 trillion in assets, Mitsubishi is Japan’s largest bank holding/financial services group. Part of the Mitsubishi Corporation, the company provides a wide variety of financial and investment services including commercial banking, trust banking, international finance, and assets management services.

J.P. Morgan Chase – One of the two so-called “too big to fail” banks, along with Bank of America, J.P. Morgan Chase is the 10th largest bank in the world with $2.02 trillion in assets. The company provides products and services to its clients in 100 countries including asset management, investment banking, private banking, treasury and securities services, and commercial banking. J.P. Morgan Chase is traded on the NYSE under ticker symbol JPM.

UBS AG – Rounding out the top ten banks in the world by asset type is UBS AG with $1.8 trillion in assets. Headquartered in Zurich and Basel, UBS provides financial services to private, corporate and institutional clients. UBS has a foothold in major financial centers all over the world and has offices in more than 50 countries.

Schwarzenegger declares California fiscal emergency

Legalize marijuana, LSD, mushrooms, hasish, opium, etc. and tax them. Provide good quality product -comparable to the Columbian Gold of the 1970’s and tax the crap out of them like alcohol and gambling.  Watch things get like Portugal where drugs and economy are not a problem.

By Jim Christie – Wed Jul 28, 5:55 pm ET

SAN FRANCISCO (Reuters) – California Governor ArnoldSchwarzenegger declared a state of emergency over the state’s finances on Wednesday, raising pressure on lawmakers to negotiate a state budget that is more than a month overdue and will need to close a $19 billion shortfall.

The deficit is 22 percent of the $85 billion general fund budget the governor signed last July for the fiscal year that ended in June, highlighting how the steep drop in California’s revenue due to recession, the housing slump, financial market turmoil and high unemployment have slashed its all-important personal income tax collection. Read the rest of this entry

Fiat – via Wikipedia, new Global Liquid Gold.

Have any of you seen, what this company has ‘accomplished’ ?

JUST One look at wikipedia , skimmed the whole way down and read various paragraphs and what not, and I was having visions, of where our money went, into investments like this possibly.  Wowww…. amazing…. hope it comes back ten fold.  FIAT – MONEY.

Please, guys and gentle ladies, let the conversation begin. Read the rest of this entry

Germany, Russia to ink multibillion deals

Angela Merkel, Dmitry MedvedevAP – Russian President Dmitry Medvedev, left, greets German Chancellor Angela Merkel before dinner at the …
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YEKATERINBURG, Russia – German Chancellor Angela Merkel and Russian President Dmitry Medvedev met Thursday for talks and are expected to oversee the signing of an array of deals between German and Russian companies worth billions of dollars.

In one of them, Siemens AG and Russian Railways will sign a euro2.2 billion ($2.8 billion) contract for more than 200 new regional trains for Russia.

Siemens earlier sold eight trains to Russian Railways that are now running between Moscow and St. Petersburg in Russia’s first high-speed train route. The German company will also supply 54 commuter trains for the Winter Games in the Black Sea resort of Sochi.

Germany is Russia’s major trading partner with trade between the two countries topping $15 billion in the first quarter of the year. Read the rest of this entry

Biggest Defaulters on Mortgages Are the Rich – Yahoo! Finance

LOS ALTOS, Calif. — No need for tears, but the well-off are losing their master suites and saying goodbye to their wine cellars.

The housing bust that began among the working class in remote subdivisions and quickly progressed to the suburban middle class is striking the upper class in privileged enclaves like this one in Silicon Valley. Read the rest of this entry

Roth Conversion 2010 – Edward Jones: Making Sense of Investing

Now Anyone Can Convert Roth Header Image

What is a Roth IRA?
A Roth IRA is designed to help you save for retirement and allows after-tax contributions in exchange for potential tax-free income in retirement.

What has changed?

The $100,000 income limit to convert to a Roth IRA was removed, which means that everyone is now eligible to convert. A conversion is usually reported as income for the tax year the conversion takes place. In 2010 only, you are able to split your conversion amount and report it as income for tax years 2011 and 2012.
Why should you talk to an Edward Jones financial advisor?
We will meet with you for a complimentary personalized analysis that will provide practical information and help determine if a conversion is right for you. Start the conversation today.

via Roth Conversion 2010 – Edward Jones: Making Sense of Investing.

Finding the Mortgage Flippers at Fault

The recent mortgage meltdown had many players in many places. The investment banks on Wall Street needed large amounts of sub-prime loans to package into investment vehicles. To satisfy this need, they found plenty of help in most of America’s major cities. Some local banks, brokers and appraisers were more than happy to generate an almost unlimited supply new mortgages. The generals on Wall Street had boots on the ground on Main Street. Read the rest of this entry

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