December 5, 2016

US Dominates as the Global Financial Safe Haven

Money is pouring into the major investment centers the United States from all over the world. Friends of mine in the wealth management business from New York, Chicago, Miami, Houston, Dallas, San Francisco, and Los Angeles tell me they are opening lots of new accounts. I was just in Brooklyn this past weekend for an international meeting. As I was being driven around I saw new building project after new building project. “What is driving […]
November 21, 2016

Will the United States Get Blacklisted as a Tax Haven?

For the world’s tax havens, the United States takes a backseat to no one. Over the last couple of decades, both Democratic and Republican administrations have used America’s superpower status to impose its will on the global financial industry. Using the OECD, IMF, United Nations, and World Bank, and other allegedly nongovernmental institutions, Congress and whatever president then in office has pursued an ever increasing policy of purportedly dealing with tax evasion and money-laundering. As […]
September 13, 2016

Only So Many Bites in An Apple

Apple Computer is one of the most important companies in the world. Essentially, it is among the top five mainstay investments in nearly everybody’s portfolio. Anything affecting Apple’s financial viability affects the global marketplace directly and indirectly. Imagine the surprise by the entire investment world when the European Union Competition Commission decided that Apple’s saving of taxes was deemed uncompetitive. The offense had nothing to do with competition as you and I understand it. What […]
August 22, 2016

Are the Financial Television News Shows Trustworthy?

I was watching some financial shows on television this week to see if there may be some actual news that would be accurate and meaningful. What I realized is that that the moderators who mediate the panel shows or interview a single guest are play acting that they know something. Watching someone reading a teleprompter to report the financial news, does import to me that they are anything more than a well-spoken actor. I understand […]
May 12, 2016

US Investors Being Sacrificed to Advance Global Government

The United States’ financial market and that of the world are running out of steam. I am not of the view that a crash is imminent. But it does seem to me that a significant recession is going to happen.  It is going to be painful. The burden of taxation is increasing, governmental borrowing is up, and total public spending is at record levels. The world of private investment is sliding into an economic abyss. […]
May 12, 2016

Prince’s Death Underscores Reasons to Repeal Estate Tax

Bernie Sanders and Hillary Clinton are pushing for a ‘sensible’ estate tax reform. They propose raising the rate to 45% and cutting the exemption amount from $5.45 million to $3.5 million. The death of the pop star Prince brings onto the front pages of our news sources a cold hard fact. That fact is, that is high time for the repeal of the federal estate tax. The news reports tell us that Prince died without […]