News — retirement accounts

Lifespans Are Increasing Faster Than Retirement Savings

Posted by Metals Corporate on

By John McDonald Every five years, something interesting happens:  Average life expectancy grows by about one year. This astonishing fact, which has been happening since the late 1940s, with an equally astonishing result:  For babies born in the United States in 2007, it is expected that at least half of them will still be alive at age 104! Expanding life expectancy is a testament to the power of cleaner living and vastly improved medical technology.  But one thing that has not kept pace with the ever-extending life expectancy in America and worldwide is financial preparation for retirement. Americans are broadly programmed...

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Why Is It So Hard For Banks To Pay Retirees Interest?

Posted by Evan Garcia on

Did you know Taxpayers lose $36 billion annually to allow private banks to keep their excess cash at the Federal Reserve?

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Trump's Stunning Comments Suggest A Federal Reserve "Suicide Mission"

Posted by Dirk Watters on

In a CNBC interview last week Trump said, "I'm not thrilled" with the Fed's rate hikes.

"Because we go up, and every time you go up they want to raise rates again. I don"t really I'm not happy about it. ..."

Fed chair Jerome Powell is preparing for Trump onslaught

The Federal Reserve Chief Jerome Powell and his policymaking committee have raised rates twice in 2018 and forecast two more bumps this year and three in 2019.

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Is There A Little-Known "X-Date" For The Dollar Debt Bomb?

Posted by Dirk Watters on

China is expected to launch its first yuan-denominated oil contracts next month, and that will mark the beginning "X-Date" for the dollar kill switch. Summary: The US dollar enjoys a special privilege in the world due to its dominance in the global oil trade. The agreement that created this dominance was predicated on the United States being the largest oil importer in the world, which is no longer the case. China is rolling out a new gold-backed yuan oil contract next month as part of its attempt to replace the US dollar's dominance. If the dollar loses its privileged status,...

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Did The FED Rig The Financial Markets?

Posted by Dirk Watters on

For many decades, the Federal Reserve has rigged the bond market by its purchases of mortgage backed securities. And for about a century, central banks have set interest rates (mainly to stabilize their currency's exchange rate) with collateral effects on securities prices. It appears that in May 2010, August 2015, January/February 2016, and currently in February 2018 the Fed is rigging the stock market by purchasing S&P equity index futures in order to arrest stock market declines driven by fundamentals, and to push prices back up in keeping with a decade of money creation. No one should find this a...

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