1099

Alerian MLP (AMLP): High Yield and Tax Benefits

Filed in 1099, Bank Gold, commodities, dividend, o by on November 15, 2010 0 Comments
Alerian MLP (AMLP): High Yield and Tax Benefits

Filed under: Newsletters , ETF Investing , Commodities , Oil , Stocks to Buy “Income-starved investors have flocked this year to master limited partnerships (MLPs); however these securities involve tax and bookkeeping hassles,” notes fund specialist Mark Salzinger . The editor of The Investor’s ETF Report explains, “As a result, investing in MLP through an exchange-traded fund — such as The Alerian MLP ETF ( AMLP ) — has numerous advantages. “Indeed, by holding a single ETF that aggregates income and returns, tax reporting is streamlined (typically on Form 1099, just like corporate dividends). Continue reading Alerian MLP (AMLP): High Yield and Tax Benefits Alerian MLP (AMLP): High Yield and Tax Benefits originally appeared on BloggingStocks on Mon, 15 Nov 2010 12:30:00 EST. Please see our terms for use of feeds . Permalink | Email this | Comments

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Human Nature and the GRA, Part I

Filed in 1099, Debt, deflation, earnings, Gold, New Gold, obama, silver, Spot Gold, US Dollar by on October 19, 2010 0 Comments

A very bright reader extrapolated from two very different recent articles and asked, “Linda…? Have you considered what can happen when forced GRAs are implemented and the consequences to those who refuse to play and sell out before the deadline?” Blush. No, I hadn’t; I talked about the proposed GRA swindle in one piece and the other was on home war-gaming as an investment aid . Most of you have an IRA or a 401(k) and have at least heard rumors that Congress is scheming to coerce you into rolling the funds into a Government Retirement Account filled with freshly-printed treasuries backed by the full faith and credit of the folks who brought you Social Security and Medicare. It sounds like a grand idea to appropriate somewhere between $7.5 trillion and $14.5 trillion (depending upon the estimator and where the Dow is) if you are a rapacious government official seeking whom you might devour. Is it, though, really? That is, can the ploy actually work? Bearing in mind that fewer than 8% of those associated with Mr. Obama have any business experience at all, and given that it is difficult to make most of us who are aware of danger behave to our disadvantage, let us consider two very simple scenarios covering 1. Those who geek and let the government appropriate their savings; and 2. Those who take their lumps via taxes and fines quickly and wrest what they can from the clutches of the Feds. 1. Okay, Messires Bernanke, Geithner, Reid, and Obama, suppose you have managed to claw half of all such retirement accounts from their unhappy owners. We’ll be conservative, as always, and estimate that you are now in possession of $3.5 trillion in the form of stocks, in a very hinky market. What are you going to do next? “Well, uh, we’re going to replace the stocks with government bonds, just like the non-negotiable ones in the so-called ‘Social Security Fund,’ and spend the money.” That’s nice, gentlemen. What will you do with the stocks themselves? That is, how do you plan on …

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But Baby, I Can’t Find No Job

Filed in 1099, Debt, Gold, Gold Market, obama, recession, stimulus by on September 22, 2010 0 Comments

There are one hundred men seeking security to one able man who is willing to risk his fortune. —J. Paul Getty It looks like we are two years into— and out of — the recession, and the job numbers just aren’t showing much improvement in the U.S. The unemployment rate for July came in at 9.5%. According to the Labor Department, private employers added a net total of only 71,000 jobs in July — far below the 200,000 or more jobs needed each month to reduce the unemployment rate. A new report out today says that unemployment stands at 9.6%, while rates in some states like Nevada, Michigan, and California are higher than 12%. All private workers Here is a handy chart from the Bureau of Labor Statistics which shows total private employment (in thousands): Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2000 110210 110303 110641 110858 110738 110952 111135 111168 111392 111373 111587 111681 2001 111634 111624 111555 111227 111146 110910 110737 110544 110276 109918 109575 109368 2002 109214 109054 108989 108892 108814 108824 108732 108671 108659 108772 108758 108595 2003 108640 108484 108286 108252 108274 108233 108231 108266 108421 108570 108611 108724 2004 108882 108913 109213 109437 109747 109841 109883 109984 110135 110465 110493 110624 2005 110718 110949 111095 111441 111583 111847 112122 112311 112392 112492 112796 112934 2006 113232 113531 113803 113956 113988 114065 114223 114344 114401 114428 114616 114785 2007 114971 115050 115263 115328 115455 115497 115512 115403 115389 115454 115551 115574 2008 115562 115477 115419 115258 115005 114775 114518 114171 113715 113168 112434 111767 2009 110961 110254 109510 108861 108527 108075 107778 107563 107377 107115 107190 107107 2010 107123 107185 107343 107584 107635 107696 107803(P) 107870(P) P: preliminary It shows the boom in the late 1990s, the dot-com bust, followed by the housing boom starting in 2004, and the current bust… which seems to be ending in slow motion. Now here are the numbers for government employees (in thousands): Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2000 20571 20599 20733 20802 21147 20887 20867 20837 20735 20743 20760 20804 2001 20835 20906 20945 20992 21029 21137 21185 21218 21242 21275 21326 21355 2002 21377 21390 21431 21443 21514 21549 21544 21589 21546 21559 21581 21588 2003 21626 21624 21610 21595 21567 21606 21633 21556 21504 21558 21535 21546 2004 21538 21550 21588 21614 21614 21601 21606 21626 21635 21656 21692 21693 2005 21735 21744 21740 21754 21781 21763 21857 21863 21845 21829 21859 21879 2006 21843 21870 21902 21923 21922 21914 21988 22008 22051 22067 22080 22088 2007 22096 22121 22147 22174 22196 22209 22174 22212 22278 22299 22330 22377 2008 22379 22414 22439 22451 22473 22510 22557 22570 22568 22561 22567 22561 2009 22588 22569 22560 22681(C) 22628(C) 22565(C) 22516(C) 22519 22480 22518 22507 22481 2010 22479 22456 22506 22578 22959 22723 22562(P) 22441(P) C: corrected P: preliminary You will notice a relentless climb in government workers over the past ten years. The only slight dip is in November and December of 2009, and in July and August of this year. This is a classic example of misallocation of resources. And it reinforces my belief that in order to make money, you can’t invest in the United States… The U.S. just spent $800 billion dollars on a stimulus package; the vast majority of this money went to the States in order to prop up their bloated bureaucracy. It avoided service cuts for exactly one year and created a mountain of IOUs… All it stimulated was debt. This is money taken from the pockets of potential capitalists— who, as John Paul Getty quoted above, know how to take risks. It’s put in the hands of those who, by definition, sold their freedom for a union job and a desk at the State …

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China Warns of Currency Depreciation

Filed in 1099, China Currency, euro, New Gold, Yen, yuan by on September 4, 2010 0 Comments
China Warns of Currency Depreciation

Filed under: China , Market Matters , Currency China’s currency reserves are estimated at $2.45 trillion dollars. While hard data is a state secret, some information was obtained from the China Security Journal and reported by Reuters. Roughly 65% of China’s currency reserves are in U.S. dollars, 26% in euros, 5% in pounds and 3% in yen. With such a huge sum outstanding, Chinese officials are afraid of depreciation. Hu Xiaolian, vice governor of the Peoples Bank of China, writing in China Finance said: “Once a currency’s value becomes unstable, there will be quite large depreciation risks for assets.” Continue reading China Warns of Currency Depreciation China Warns of Currency Depreciation originally appeared on BloggingStocks on Sat, 04 Sep 2010 09:40:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

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Total Government Leads to Total Misery

Am I speaking or writing about the War of Northern Aggression, incorrectly called the ‘Civil War’? Not on your life. I am talking about North and South Korea, and North and South Rhodesia. America is rapidly approaching the condition of North Korea and Zimbabwe, which used to be Southern Rhodesia.. Look at the absolute facts, and shudder. North Korea is total government, as is Zimbabwe, or any other totalitarian state. Zimbabwe used to be Southern Rhodesia. Southern Rhodesia had thousands of individually owned, prosperous farms. Southern Rhodesia exported food, and was an extremely rich, white ruled, free nation. It became independent from Britain in 1965. It was bordered by Zambia, (Northern Rhodesia, which was never free), Mozambique, (formerly a Portuguese colony), and Botswana. In 1978, after years of incredible pressure from the United Nations, Rhodesian President Ian Smith, signed an agreement with three black African leaders, with the promise of white protection. Fat chance. That sealed the doom of Rhodesia. I can still hear Smith begging for help from the free world, as his nation was being overrun, smothered and ruined, but there was no help. Rhodesia became Zimbabwe, and with it, total government, poverty, deforestation, inflation, murder, and seizing of white farms. Total government, in short, took what used to be prosperous Rhodesia, and turned it into total poverty, no freedom, and actual slavery. Whites are gone, as are their farms, which have been divided up and given to blacks, ‘who needed them.’ Whites are also gone or leaving South Africa after being murdered and their farms and businesses seized. North Korea, as opposed to South Korea, is the difference between night and day. North Koreans are starving, regimented, murdered, and live in abject poverty. North Korea does not lack natural resources, farm land, rain and sunshine, but it has total government. Total government has enslaved, and is literally starving the populace. South Korea makes things, sells things, and is happy and prosperous. South Korea’s government is miniscule, compared to America’s, and that’s why Korean cars are excellent, and lots of things are made and exported in and from South Korea. In 1935, Amos Pinchot wrote that, “Today the nations in the world may be divided into two classes. The nations in which the government fears the people, and the nations in which the people fear the government.” And that sentence speaks volumes. When America was founded, the government was at the will of the citizens and states. Today, central government in Washington D.C., with thousands of branches and bureaucrats everywhere, are ruling us, rather than us ruling them. We are afraid of government, whereas government should be afraid of us. It isn’t, and thus we have the addendum to the health care bill, which was passed without a single Republican vote, part of which says that any sale over $600 must be reported on a 1099 form to the IRS, beginning Jan 1st, 2012. This is fantasy, as far as I can see. Buy a new refrigerator and get a 1099? Buy a new sofa and get a 1099? Buy lots of groceries at one time and get a 1099? Buy a new or used car and get a 1099? Transmission job and get a 1099? How about a yard sale of a $600 something or other? Buy a row boat or canoe and get a 1099? Buy or sell a single Gold Eagle and get a 1099? Millions of forms flooding the IRS, and thousands …

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How To Be Positioned for SP500, Gold & Oil

Filed in 1099, Gold Investing, silver by on July 25, 2010 0 Comments

The second half of last week we saw some strong price action in the equities market. The SP500 broke through the 5 and 50 day moving averages closing the week just under key resistance levels. The SP500 futures will find resistance at the June high $1099.25, $1100 which is whole number then at $1103 which

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Democrat Attack on Gold, Glenn Beck, Goldline Continues

After the Democrats snuck the provision for gold coin dealers to have to provide a 1099 for every investors they acquire over $600 in gold from, it was only a matter of time before the upped their attacks on the alternative investment and currency, and that has come in their ferocious and unwarranted attack on Glenn Beck and Goldline, through the investigation of alleged “sales tactics” which are

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Sellers of Gold Coins Slammed by Sneaky Provision Added to Health Care Bill

Democrats are increasing under pressure for their passing of the health care bill, which they completely own, as all Republicans voted against it. Now they’re even under more fire from the gold industry, as coin dealers will have to pay for the tracking of any deal worth over $600 to the IRS via 1099 forms. Normally 1099 forms are used for those self-employed or contractors. This will not only

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