Category: Asset Protection
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Rumors of JP Morgan Declaring Bankruptcy Amid Berkshire Hathaway’s Bank of America Selling Streak: What’s Going On?
In the world of finance, rumors can spread like wildfire, often causing ripples in the market and leading investors to question their strategies. Recently, speculation has emerged about JP Morgan potentially facing bankruptcy. This rumor coincides with Berkshire Hathaway’s recent activity, as Warren Buffett’s conglomerate continues its selling spree of Bank of America (BofA) shares.…
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Navigating Key Risks and Regulations for Asset Managers and Offshore Funds
As global financial markets evolve, asset managers and offshore funds must navigate an increasingly complex regulatory landscape. Key jurisdictions such as the US, UK, Singapore, and Hong Kong have heightened their scrutiny, emphasizing greater duty of care, fairness, and business conduct standards. AML/CFT Compliance Anti-money laundering and countering the financing of terrorism (AML/CFT) remain top…
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The Truth Set Free: Julian Assange Released from Belmarsh Prison
The realm of international politics and journalism was set abuzz on June 24, 2024, as Julian Assange, the controversial founder of WikiLeaks, stepped out of Belmarsh prison after 1,901 days of confinement. The 52-year-old Australian’s release marks a pivotal moment in a 14-year saga that has seen intense legal battles, diplomatic wrangling, and impassioned debates…
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IRS Cracks Down on High-Income Non-Filers: What Global Investors Need to Know
The Internal Revenue Service (IRS) has announced a major new initiative targeting high-income individuals who have failed to file tax returns. This effort, which focuses on approximately 125,000 cases involving high earners, including millionaires, aims to address financial activity exceeding $100 billion. For global investors and high-net-worth individuals, understanding the implications of this crackdown is…
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The Gold Standard Restoration Act: A Bold Proposal to Reinstate Monetary Stability
In an era marked by economic uncertainty and inflationary pressures, the introduction of the Gold Standard Restoration Act (H.R. 2435) by Representative Alex Mooney (R-WV) on March 30, 2023, has sparked considerable interest and debate. This bill seeks to redefine the U.S. dollar as a fixed weight of gold, effectively reinstating the gold standard. Let’s…
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The Achilles Heel Of The Fiat Money System
The fiat money system will not disappear just like that. Any expectations or hopes to that end should be tempered. Authored by Thorsten Polleit via The Mises Institute, Yes, the fiat money system could collapse; yet there is a significant likelihood it will persist longer than most people might think. Thorsten Polleit This prolonged existence…
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Why the mBridge Will Ultimately Fail: The Incompatibility of Communism and Capitalism
In the rapidly evolving landscape of global finance, the mBridge initiative, aimed at fostering cross-border payments between countries with different economic ideologies, stands as a bold experiment. This digital currency bridge, developed by central banks from China, Hong Kong, Thailand, and the United Arab Emirates, seeks to streamline and secure international transactions. However, despite its…
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Brazil’s finance minister proposes global tax on the super-rich at G20 meeting in Sao Paulo
SAO PAULO, BRAZIL — In the sultry heat of Sao Paulo, where the air is thick with the scent of corruption and the streets buzz with the hum of desperate ambition, Brazil’s Finance Minister strutted into the G20 meeting with a plan as bold as it was foolish. Proposing a global tax on the super-rich,…
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Biden Embraces G20-Proposed 2% Wealth Tax To Battle ‘Racial Wealth Inequality’
Biden and Yellen support a global minimum tax on corporations. And a new wealth tax scheme is now in the works… Authored by Mike Shedlock via MishTalk.com Watch Out for a Global Wealth Tax The Wall Street Journal says Watch Out for a Global Wealth Tax In our new socialist age, the demand to tax and…