The Obama administration will soon inquire to Congress in an upcoming budget proposal to obtain heightened authority to require more disclosure about foreign clients’ accounts from United States banks, industry sources close to the situation tell Reuters. This is part of a much larger crackdown on tax evasion. President Barack Obama’s budget plan is expected […]
Archives for February 2013
U.S. Postal Service to end Saturday mail delivery as of Aug. 1
The United States Postal Service announced Wednesday that it will no longer deliver letters or first-class mail on Saturdays starting Aug. 1, 2013. Packages will still continue to be delivered. The mailing agency is expected to unveil a series of drastic cuts Wednesday to tackle its multi-billion-dollar budget shortfall. Since Congress has failed to act […]
Peter Schiff on gold, the dollar, and the U.S. economic collapse
Doug Casey interviews Peter Schiff about the future price of gold as well as the value of the dollar and the future of the U.S. economy. According to Schiff taxes will go up but the biggest tax will be in the form of inflation. It can be avoiding however by owning gold and diversifying out […]
Mark Dice offers random people a free one ounce gold coin
Mark Dice has played this game before. He goes up to random people in Oceanside, California and asks them if they know the price of a one ounce Canadian Maple Leaf gold coin. Dice even gives them a 25 percent to 50 percent. Unfortunately, most people don’t know the answer and lose out on the […]
Argentina imposes two-month price freeze on supermarket products to curb 26% inflation
The Argentine government announced Monday that it has imposed a temporary price freeze on all products sold in all of the nation’s major supermarket chains in an effort to fight off inflation, local media outlets reported. The Association of United Supermarkets, a group that represents close to two-thirds of Argentina’s grocery stores, including Walmart, met […]