July 7, 2011
A recent article in RadioWorld stated that aging baby boomers, now defined as ‘Alpha Boomers’, still have much buying power. The article stated that 1 in 5 of the aging baby boomers, AKA, ‘Alpha Boomers’, still make $100,000 or more in the average household.
It also stated that despite the normal mindset, baby boomers are more educated than the younger generation and that nearly 70% are not yet retired.
The point that we are trying to get across here is that there are many aging baby boomers who are use to a relatively good standard of living. They do not want and will not give that up easily. This brings us back full circle. The economic down turn has brought about a certain amount of hoarding and a goodly amount of speculation. Gold is (more…)
June 27, 2011
Gold and aging babyboomers should be words that are comfortable used together. They are not. Babyboomers have traditionally looked to companies retirement plans, 401K and 457’s and such but not gold.
Now, with the increase in the price of gold and silver, aging babyboomers are trying to familiarize themselves with the different avenues presented to them. The use of coin speculation is one of those avenues and that is what we will look at today.
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High MS Coins for Speculation – The Wrong Road for the Wrong Reasons
One of the two biggest scam techniques in the coin industry is the recommendation by unscrupulous coin shops for people to buy high mint state (MS) numismatic (having collector or antique value) coins for investment purposes. They tell you (more…)
June 17, 2011
Gold, Gold And Aging Baby Boomers is taken out of an article called ‘Gold, and How to Avoid the Scams in the Coin Industry’ By Kal Gronvall.
Aging baby boomers have been turning a year older at the fantastic rate of 10,000 a day. They are looking for investment opportunities in these hard economic times. Consequently, there are plenty of opportunistic people ready to take advantage of those who are simply looking to survive.
I have been very slow in posting the remaining sections but will attempt to continue on with all due diligence, so, here we go.
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The Gold Rush of 1980 and Central Bank Strategy
As a little history about gold in America, we were on the gold standard from 1850 to 1933, and gold coins were legal tender in our country during that period of time. In 1933, Roosevelt confiscated gold. (more…)
April 16, 2011
In our last post, I started a series Gold, Gold And Aging Baby Boomers taken out of an article called ‘Gold, and How to Avoid the Scams in the Coin Industry’ By Kal Gronvall.
Baby boomers have been looking for investment opportunities in these hard economic times. Consequently, there are plenty of opportunistic people ready to take advantage of those who are simply looking to survive.
This post is relatively short but I promise there will be more next time.
Is Gold Manipulated?
Now that we have established that the powers-that-be have other motives towards us in regard to gold, let’s consider a few of their tactics to accomplish this objective. Is the price of gold actually manipulated or is it just another one of those unfounded conspiracy theories? I have read many different things about the price of gold being manipulated by the central bankers. One of the most direct quotes comes from that book on The Secrets of the Federal Reserve by Eustace Mullins. Also in Chapter 5, it says, (more…)
April 8, 2011
Recently I came across an article by Kal Gronvall concerning gold and gold scams. Almost anyone is at risk for scams surrounding the high price of gold these days. I would suspect that baby boomers looking for investments are particularly at risk. The following article will hopefully give baby boomers an edge on all the scams that comes with the high price of gold.
Gold, and How to Avoid the Scams in the Coin Industry
By Kal Gronvall
Introduction
One of the least understood concepts or commodities in our Western society is gold and precious metals. In almost every country in the world gold is revered, prized, and sought after. Throughout history, a king’s wealth was measured in the amount of gold in his storehouse or treasury. Look at the Asian countries, or India. A person’s wealth is measured in terms of how much gold he or she possesses. Central banks around the world hold tons of gold in their vaults as a backing for their paper currency. The Euro is currently backed by 15% in gold, and they are talking about possibly increasing it to 30%. The Federal Reserve has tons of gold in its vaults. But of course, that is not government gold, it is private gold. Gold has maintained its purchasing power throughout its 5,000-year track record, as the world’s only monetary metal. Gold is financial security. (more…)
January 12, 2011
I read this article by Congressman Ron Paul, liked it and thought I would post it in its entirety.
Toward Sensible Monetary Policy
By
Congressman Ron Paul
Last week the 112th Congress was sworn in. I am pleased that I will be chairing the Monetary Policy Subcommittee of the Financial Services Committee, which has oversight of the Federal Reserve. Obviously, this position will facilitate my efforts to ensure the Fed provides the American people with more information about what they have been doing with and to our money. Not surprisingly, since my chairmanship was announced, apologists for the Fed have been recycling the old canard about how increased transparency threatens the Fed’s so-called political independence. (more…)
January 7, 2011
Baby boomers are right now the largest demographic group in America. We have always stood up for something. The problem is that we have never been totally together on any one issue.
We have never totally stood up for truth although we have asked the question ‘What is Truth’ many times. We have never really stood up for rule of law; we even opposed it at times. We never really stood up for the constitution even though we are quick to claim its protections.
I am now fearful that the days of reaping what we have or have not (as the case may be) sown is upon us. This is a call for baby boomers in the USA to collectively look at this nation and where it is headed. (more…)
January 3, 2011
In this post I have promised to start citing some of the objections to the FairTax tax system. There are a few and some of them, in my opinion, can be grouped together.
| Before an honest discussion can begin about the taxation system of our country, we should talk about fiscal responsibility. Until our government takes responsibility for its spending fiasco no tax system within itself will correct all the problems this nation has. Through its built in transparency of government spending, the FairTax tax system has a better than average shot at correcting it.
On to the objections!
Objection Number one. Proponents say the tax rate is 23%, opponents say it is 30%. It seems that the objection here is the difference between tax-inclusive and tax-exclusive tax rates. Our current system of taxation is primarily tax-inclusive so the FairTax system has quoted the effective tax as being a 23% tax-inclusive rate. An apples for apples, oranges for oranges comparison. |
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I will requote what I think is the best and simplest explanation. (more…)
December 23, 2010
In our last post, we began to discuss the benefits of the FairTax. We know that the FairTax system will benefit everyone but will try to limit it to baby boomers in this post.
One of their studies states that in 2020 they(seniors) will account for 16.3 percent of the population. This is up from 9.8 percent in 1970. Also, as can be expected, the mean income will drop during retirement.
Below is a list that comes directly from one of the FairTax.org sites that list benefits for seniors. (more…)
December 17, 2010
A few years back, I believe in 2006, the White House Council of Economic Advisers released their annual report concerning taxation. It stated that the elimination and replacement of the complex and arcane federal income tax code with a consumption tax would increase efficiency in the tax system and promote investment and growth. It went further to state that the FairTax, a consumption tax, might be the most suitable replacement.
| My purpose in these series of post is to talk about the merits of this new tax system in relation primarily to baby boomers. Of course, what represents good for baby boomers when it comes to taxes would also be good for all (in my opinion).
A Quick Review
The FairTax proposal under The FairTax Act (HR 25, S 296) Would replace all federal income and payroll based taxes. It would include a national retail sales tax, a prebate to all who are below the poverty level, dollar-for-dollar federal revenue neutrality, and the repeal of the 16th amendment.
It would also accomplish abolishing all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes. The alternative is that all of the above would be replaced by a federal retail sales tax (consumption tax). The consumption tax simply means that we are taxed only on new goods or services.
There are those critics who would say no to any change and have you to believe the worse about this new system of taxation. FairTax: The Truth: Answering the Critics does away with the myths and objections. |
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In short, the FairTax system: (more…)
