Faber: The Most Underappreciated Asset is Cash

Dr.?Marc Faber?is an international investor known for his uncanny predictions and memory of the stock and futures markets around the world. Dr. Doom also trades currencies and commodity futures like Gold and Oil. He is the publisher of the Gloom, Boom and Doom Report. He is also fond of schooling the Wall Street media talking heads on economics and financial systems.

In the following video he discusses why cash is the most underappreciated asset -- certainly for the next 6 months.? He says: 'The most underappreciated asset is cash. Nobody likes cash. Cash for the next 10 years you earn precisely zero. But, Ms. Yellen is a money printer like all the others, and she will make sure that the dollar continues to depreciate in real terms. For the next six months it is the most attractive.I don't want to be in cash either, but opportunities will come along."

When asked why we?re not seeing? inflation, Faber launches into some examples in the global market and says ?to say there is no inflation is an error?. Case closed. (2:18)

(function(d, s, id) {var js, fjs = d.getElementsByTagName(s)[0];if (d.getElementById(id)) return;js = d.createElement(s); js.id = id;js.src = "//connect.facebook.net/en_US/all.js#xfbml=1";fjs.parentNode.insertBefore(js, fjs);}(document, 'script', 'facebook-jssdk'));

Latest Economy
- Making the World Safe from Democracy or: How to Defend Oneself Against the United States
- The "Economic Recovery" Continues: Businesses Are Being Destroyed Faster Than They Are Being Created
- And the Band Played On
- New Frontiers in Regulatory Overreach
- The Debate Debate
- Thomas Piketty on Inequality and Capital
- Obama's Push to Recruit Young Adults into Obamacare Falls Short
- The Food Police Turn to the Bottle

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the DMCA and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.
About Us - Disclaimer - Privacy Policy

View the original article here

The American Nightmare That Is Civil Asset Forfeiture

by Wendy McElroy

Being innocent does not matter. Not being arrested or convicted of a crime is no protection. With amazing ease, the government can take everything you own. And to recover it, you must prove your innocence through an expensive and difficult court proceeding in which a severely lowered standard of evidence favors the government. This is civil asset forfeiture.

Russell and Patricia Caswell of Tewksbury, Massachusetts, know the process well. For the last two years they have battled to keep the motel that Russell?s father built in 1955 and at which Russell has worked since childhood. The couple assumed ownership of Motel Caswell in the 1980s, and viewed the asset, worth approximately $1 million, as their retirement plan.

In the past 20 years, the Caswells have rented out approximately 125,000 rooms. Of the renters, about .05 percent have been arrested for crimes. As ?good? citizens, the Caswells have meticulously reported any suspicious activity on the part of renters to the police, including possible drug use.

Nevertheless, the U.S. Department of Justice is in the process of confiscating the motel without any compensation, through civil forfeiture, because it was used in the commission of a crime. The local police with whom the Caswells actively cooperated for years are the ones who reported them to the federal agency. Why? Because, under a policy known as ?equitable sharing,? the Tewksbury police department stands to gain as much as 80 percent of the value of the seized property.

Civil forfeiture in America is both a simple and complex tale. The simple part is that government agencies are often seizing assets for no reason other than the fact that they can. The complexity is how civil forfeiture operates.

Read More

Latest Tyranny/Police State
- The killing of Awlaki's 16-year-old son
- TSA Begins Random Road Inspections in Tennessee
- Atlanta woman wrongly imprisoned for 53 days because of name mix-up
- Video: Man beaten as East St. Louis police watch
- Gaddafi begged for his life before being summarily executed
- Courts Rule US Government Above the Law
- Cops on the Hook for Pointing Guns at Kids
- DEA Hits More CA Medical Marijuana Dispensaries

This site contains copyrighted material the use of which in some cases has not been specifically authorized by the copyright owner. Such material is made available for the purposes of news reporting, education, research, comment, and criticism, which constitutes a 'fair use' of such copyrighted material in accordance with Title 17 U.S.C. Section 107. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner. It is our policy to respond to notices of alleged infringement that comply with the Digital Millennium Copyright Act (found at the U.S. Copyright Office) and other applicable intellectual property laws. It is our policy to remove material from public view that we believe in good faith to be copyrighted material that has been illegally copied and distributed by any of our members or users.
About Us - Disclaimer - Privacy Policy
"Men occasionally stumble over the truth, but most of them pick themselves up and hurry off as if nothing ever happened..." - Winston Churchill

View the original article here