News — silver

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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This Is The Top Risk To The World In 2018 According To Experts

Posted by Dirk Watters on

President Trump slammed China over reported North Korea oil sales and a pentagon insider issued an ominous warning of a coming "kill-switch" for the US Dollar. Caught RED HANDED - very disappointed that China is allowing oil to go into North Korea. There will never be a friendly solution to the North Korea problem if this continues to happen!— Donald J. Trump (@realDonaldTrump) December 28, 2017 President Trump slammed China over the country's illegal oil sales to North Korea, saying they've been caught "RED HANDED" and warning such incidents could diminish the odds of a "friendly solution". U.S. spy satellites...

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Will Congress Target Your Retirement Wealth?

Posted by Dirk Watters on

If you’re working hard and saving for retirement by putting money into in your 401K or traditional IRA… The GOP wants you! Not just as a voter, but as a taxpayer. Yep, the GOP wants you to pay more taxes today… And save much less for retirement tomorrow. Why? Mocking Trump’s middle class tax cut Because Donald Trump wants to cut taxes for the middle class to stimulate real growth in the economy… The way President Kennedy did in 1963 and Ronald Reagan did in the 1980s. Both tax cuts worked very well. The difference is that today’s GOP doesn’t...

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Here's Why 82% Of Millionaires Overall Believe This Is The Most Unpredictable Time In History.

Posted by Dirk Watters on

When it comes to investing, several characteristics set successful millionaires and billionaires apart from ordinary investors. By being keenly aware of international markets and global trends, they are often among the first to spot and position themselves in emerging trends. Since most money is made on the leading edge of trades, it's a recipe for success. By the time a trend is popular, much of the easy money has already been made, and savvy investors are looking for the next investment idea. But for investors, these are unprecedented and treacherous times. Traditional investments have become overpriced, and global economics have...

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Could Congress Put 401(k)'s in the Crosshairs?

Posted by Dirk Watters on

According to the non-partisan Tax Policy Center, America's proposed tax reform plan would reduce federal revenues by $7.2 trillion over the first decade. That money needs to come from somewhere, and your 401(k) plan may be in the crosshairs. "First, they were safe. Then, it wasn’t so clear. Now, they’re back in. But they still might be out." -Fortune Magazine 401(k) accounts are a juicy target, with Trillions of dollars at stake. Congress may not be able to resist the temptation to change the rules. Established in 1978, 401(k) accounts have provided taxpayers with an upfront tax deduction and a tax deferral...

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